{ "ticker": { "uuid": "2a884f49-1778-419f-9170-eb98d0fc5b8c", "symbol": "PGX", "name": "INVESCO EXCHANGE TRADED FD TR II PFD ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 84.133, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -67.562, "architecture_energy": 61.312, "architecture_maturity": 19.833, "architecture_confidence": 89.538, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 4.5, "rotation_up": 16.84, "upward_expansion": 11.78, "deceleration": 42.63, "rotation_down": 68.66, "downward_expansion": 89.78 }, "activity_lines": [ 10.73561, 10.767326, 10.8405, 10.892665 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 10.72, "trend_reference": 10.971411, "distance_from_trend": -0.022915, "trend_direction": "Weakening", "fair_value": 10.557226, "distance_from_fair_value": 0.015418, "fair_value_direction": "Weakening", "relative_strength": -13.328601, "relative_strength_direction": "Weakening", "price_momentum": -0.035877, "excess_performance": -0.161502, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.022915, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.005206, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.015418, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.046409, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.133286, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.034516, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.035877, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.779069, "read": "Supply-led" } ], "volume": { "latest": 11238875, "relative_activity": 0.890644, "balance": 0.779069, "dry_up": 1.038331, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.010686, "annualized_volatility": 0.053754, "from_high_reference": -0.058479, "from_low_reference": 0.003745 }, "levels": { "trend_reference": 10.971411, "fair_value_reference": 10.557226, "structural_low": 10.68, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": -0.000758, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.017784, "regime_survival": 0.636364, "best_return": 0.066069, "worst_return": -0.057627, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.018644, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.040374, "regime_survival": 0.444444, "best_return": 0.11224, "worst_return": -0.094948, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.001089, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.055724, "regime_survival": 0.6, "best_return": 0.057546, "worst_return": -0.164337, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.040197, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.091068, "regime_survival": 0.333333, "best_return": 0.049357, "worst_return": -0.163427, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.001732, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": -0.007699, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.046713, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.022136, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.016537, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": 0.001775, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.037674, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-17", "tenure": "Developing", "return": 0.014426, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2026-01-23", "tenure": "Established", "return": 0.001715, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.015531, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.005095, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.01168, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-05", "tenure": "Developing", "return": -0.020593, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.013863, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.284753, "volume": 17011270, "typical_volume": 18620811.75, "trend": 9.565426, "fair_value": 10.423857, "relative_strength": -10.274873, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.111656, "energy": 21.566335, "activity_lines": [ 9.427374, 9.449658, 9.445564, 9.467476 ] }, { "date": "2023-08-25", "close": 9.301656, "volume": 14686955, "typical_volume": 18532629.85, "trend": 9.535472, "fair_value": 10.414757, "relative_strength": -10.536621, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.960511, "energy": 38.529121, "activity_lines": [ 9.374641, 9.42217, 9.431189, 9.450459 ] }, { "date": "2023-09-01", "close": 9.479557, "volume": 15504014, "typical_volume": 18387905.4, "trend": 9.508728, "fair_value": 10.407258, "relative_strength": -10.77462, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.652834, "energy": 28.400026, "activity_lines": [ 9.394637, 9.429294, 9.434811, 9.446852 ] }, { "date": "2023-09-08", "close": 9.428728, "volume": 8684737, "typical_volume": 17923421.85, "trend": 9.486545, "fair_value": 10.399526, "relative_strength": -9.879762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.878198, "energy": 28.141093, "activity_lines": [ 9.400992, 9.425318, 9.434311, 9.44169 ] }, { "date": "2023-09-15", "close": 9.462614, "volume": 9917210, "typical_volume": 17368723.0, "trend": 9.467125, "fair_value": 10.391734, "relative_strength": -9.124306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.416053, "energy": 15.822931, "activity_lines": [ 9.423648, 9.429312, 9.438273, 9.440146 ] }, { "date": "2023-09-22", "close": 9.391765, "volume": 16041582, "typical_volume": 16680488.95, "trend": 9.447806, "fair_value": 10.383852, "relative_strength": -6.768968, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.708797, "energy": 10.63225, "activity_lines": [ 9.423749, 9.41979, 9.436413, 9.435285 ] }, { "date": "2023-09-29", "close": 9.323647, "volume": 18836144, "typical_volume": 16388497.75, "trend": 9.427038, "fair_value": 10.374792, "relative_strength": -6.409128, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.447474, "energy": 12.201188, "activity_lines": [ 9.39401, 9.399297, 9.426804, 9.427274 ] }, { "date": "2023-10-06", "close": 8.923454, "volume": 31034896, "typical_volume": 16817979.4, "trend": 9.406869, "fair_value": 10.36275, "relative_strength": -10.4494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.584496, "energy": 66.025863, "activity_lines": [ 9.229407, 9.309304, 9.378222, 9.394785 ] }, { "date": "2023-10-13", "close": 8.897909, "volume": 31448666, "typical_volume": 17661288.8, "trend": 9.395963, "fair_value": 10.35073, "relative_strength": -10.716938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.424415, "energy": 80.52206, "activity_lines": [ 9.093363, 9.225678, 9.328688, 9.361949 ] }, { "date": "2023-10-20", "close": 8.795732, "volume": 31674106, "typical_volume": 17992079.4, "trend": 9.384082, "fair_value": 10.337723, "relative_strength": -9.337263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.071725, "energy": 87.066337, "activity_lines": [ 8.958648, 9.13449, 9.271343, 9.323224 ] }, { "date": "2023-10-27", "close": 8.749398, "volume": 26962302, "typical_volume": 18476301.95, "trend": 9.360214, "fair_value": 10.32572, "relative_strength": -7.317171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.1976, "energy": 90.018579, "activity_lines": [ 8.852947, 9.047293, 9.2137, 9.282277 ] }, { "date": "2023-11-03", "close": 9.383536, "volume": 25877933, "typical_volume": 18558986.95, "trend": 9.355559, "fair_value": 10.317132, "relative_strength": -5.905859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.595537, "energy": 58.333758, "activity_lines": [ 9.001449, 9.085128, 9.220308, 9.283782 ] }, { "date": "2023-11-10", "close": 9.280703, "volume": 24405240, "typical_volume": 19274731.9, "trend": 9.343904, "fair_value": 10.306954, "relative_strength": -7.944234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.415698, "energy": 29.796012, "activity_lines": [ 9.111682, 9.102777, 9.217327, 9.278952 ] }, { "date": "2023-11-17", "close": 9.503508, "volume": 25905713, "typical_volume": 19757383.1, "trend": 9.337751, "fair_value": 10.297647, "relative_strength": -7.612755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.719045, "energy": 15.121017, "activity_lines": [ 9.272366, 9.164551, 9.236026, 9.289249 ] }, { "date": "2023-11-24", "close": 9.41731, "volume": 23949537, "typical_volume": 20425398.9, "trend": 9.329757, "fair_value": 10.287595, "relative_strength": -9.090382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 7.909582, "energy": 25.091155, "activity_lines": [ 9.363944, 9.209294, 9.246633, 9.294382 ] }, { "date": "2023-12-01", "close": 9.787799, "volume": 30522016, "typical_volume": 21142924.15, "trend": 9.351796, "fair_value": 10.27973, "relative_strength": -6.055888, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.675774, "energy": 41.103272, "activity_lines": [ 9.53758, 9.322221, 9.292574, 9.323933 ] }, { "date": "2023-12-08", "close": 9.693023, "volume": 25225420, "typical_volume": 21379715.05, "trend": 9.370123, "fair_value": 10.271025, "relative_strength": -6.926874, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.192692, "energy": 53.066733, "activity_lines": [ 9.610397, 9.410717, 9.327974, 9.345948 ] }, { "date": "2023-12-15", "close": 9.968735, "volume": 29889294, "typical_volume": 21861629.25, "trend": 9.394601, "fair_value": 10.263621, "relative_strength": -6.209589, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.71439, "energy": 68.405482, "activity_lines": [ 9.754486, 9.542625, 9.388727, 9.384568 ] }, { "date": "2023-12-22", "close": 9.985697, "volume": 25251088, "typical_volume": 22246194.55, "trend": 9.417415, "fair_value": 10.256408, "relative_strength": -6.630522, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.880708, "energy": 80.681183, "activity_lines": [ 9.85836, 9.658613, 9.449002, 9.422703 ] }, { "date": "2023-12-29", "close": 9.942357, "volume": 19596428, "typical_volume": 22621227.55, "trend": 9.426839, "fair_value": 10.24859, "relative_strength": -7.108421, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.971953, "energy": 76.596691, "activity_lines": [ 9.915642, 9.746943, 9.502855, 9.45657 ] }, { "date": "2024-01-05", "close": 9.92502, "volume": 17982924, "typical_volume": 22669810.25, "trend": 9.439018, "fair_value": 10.242114, "relative_strength": -5.472116, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.856852, "energy": 76.088457, "activity_lines": [ 9.932141, 9.811272, 9.552848, 9.488711 ] }, { "date": "2024-01-12", "close": 10.115719, "volume": 18987915, "typical_volume": 22884858.25, "trend": 9.461999, "fair_value": 10.236626, "relative_strength": -5.101096, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.371424, "energy": 78.169593, "activity_lines": [ 10.003058, 9.8889, 9.617953, 9.532369 ] }, { "date": "2024-01-19", "close": 10.081047, "volume": 19321467, "typical_volume": 23075730.9, "trend": 9.485455, "fair_value": 10.230484, "relative_strength": -6.15581, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.50737, "energy": 71.350005, "activity_lines": [ 10.034239, 9.94691, 9.675881, 9.572308 ] }, { "date": "2024-01-26", "close": 10.27909, "volume": 19514571, "typical_volume": 23617222.6, "trend": 9.510483, "fair_value": 10.226412, "relative_strength": -4.925383, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.090222, "energy": 77.772168, "activity_lines": [ 10.123946, 10.026377, 9.749805, 9.62351 ] }, { "date": "2024-02-02", "close": 10.340068, "volume": 18766301, "typical_volume": 24059677.15, "trend": 9.540897, "fair_value": 10.222307, "relative_strength": -5.342924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.340067, "energy": 89.442779, "activity_lines": [ 10.21442, 10.10283, 9.825487, 9.677032 ] }, { "date": "2024-02-09", "close": 10.331356, "volume": 15475798, "typical_volume": 24031387.95, "trend": 9.569623, "fair_value": 10.218429, "relative_strength": -6.348213, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.515176, "energy": 86.997955, "activity_lines": [ 10.275476, 10.160921, 9.896162, 9.728029 ] }, { "date": "2024-02-16", "close": 10.244246, "volume": 17492212, "typical_volume": 23964191.35, "trend": 9.594329, "fair_value": 10.214652, "relative_strength": -6.453056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.2475, "energy": 84.478804, "activity_lines": [ 10.280406, 10.193291, 9.954066, 9.771553 ] }, { "date": "2024-02-23", "close": 10.397849, "volume": 12031811, "typical_volume": 23014037.1, "trend": 9.623287, "fair_value": 10.212279, "relative_strength": -6.192756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.212985, "energy": 85.308694, "activity_lines": [ 10.327968, 10.243566, 10.022214, 9.823393 ] }, { "date": "2024-03-01", "close": 10.397849, "volume": 20207845, "typical_volume": 22451996.05, "trend": 9.653089, "fair_value": 10.209055, "relative_strength": -6.720123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.579461, "energy": 74.372266, "activity_lines": [ 10.354411, 10.28604, 10.083342, 9.873365 ] }, { "date": "2024-03-08", "close": 10.502878, "volume": 13656086, "typical_volume": 21551095.05, "trend": 9.687233, "fair_value": 10.205984, "relative_strength": -5.188625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.349947, "energy": 69.104648, "activity_lines": [ 10.407945, 10.340116, 10.147331, 9.92819 ] }, { "date": "2024-03-15", "close": 10.415354, "volume": 10721296, "typical_volume": 20739044.75, "trend": 9.72492, "fair_value": 10.202352, "relative_strength": -5.626093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.783854, "energy": 72.881842, "activity_lines": [ 10.421452, 10.368087, 10.194854, 9.975165 ] }, { "date": "2024-03-22", "close": 10.545216, "volume": 16628409, "typical_volume": 20276568.55, "trend": 9.766372, "fair_value": 10.199116, "relative_strength": -6.266612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.832457, "energy": 75.005537, "activity_lines": [ 10.472645, 10.410754, 10.246812, 10.028088 ] }, { "date": "2024-03-29", "close": 10.448471, "volume": 16740889, "typical_volume": 19893351.0, "trend": 9.798669, "fair_value": 10.194832, "relative_strength": -7.168782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.014104, "energy": 63.71796, "activity_lines": [ 10.471526, 10.428023, 10.284024, 10.072094 ] }, { "date": "2024-04-05", "close": 10.439676, "volume": 27567835, "typical_volume": 19976457.1, "trend": 9.832368, "fair_value": 10.190018, "relative_strength": -6.125218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.984381, "energy": 58.280243, "activity_lines": [ 10.4641, 10.437011, 10.314838, 10.113449 ] }, { "date": "2024-04-12", "close": 10.123056, "volume": 23329638, "typical_volume": 19945462.15, "trend": 9.854382, "fair_value": 10.182983, "relative_strength": -7.299795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.346676, "energy": 36.303228, "activity_lines": [ 10.348346, 10.385513, 10.31104, 10.132203 ] }, { "date": "2024-04-19", "close": 10.017515, "volume": 23015611, "typical_volume": 19570141.9, "trend": 9.875241, "fair_value": 10.175266, "relative_strength": -5.050753, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.175216, "energy": 19.847263, "activity_lines": [ 10.222732, 10.318771, 10.293829, 10.142728 ] }, { "date": "2024-04-26", "close": 10.075525, "volume": 17312094, "typical_volume": 19174475.6, "trend": 9.900303, "fair_value": 10.168015, "relative_strength": -6.647815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.747383, "energy": 22.073744, "activity_lines": [ 10.142978, 10.268283, 10.28105, 10.15565 ] }, { "date": "2024-05-03", "close": 10.261127, "volume": 20520548, "typical_volume": 18706038.3, "trend": 9.944892, "fair_value": 10.161715, "relative_strength": -5.288191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.138535, "energy": 22.80309, "activity_lines": [ 10.156405, 10.254608, 10.284125, 10.178929 ] }, { "date": "2024-05-10", "close": 10.155069, "volume": 17193740, "typical_volume": 18303170.9, "trend": 9.986798, "fair_value": 10.155404, "relative_strength": -7.731181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.901746, "energy": 19.157734, "activity_lines": [ 10.146968, 10.224136, 10.275707, 10.192488 ] }, { "date": "2024-05-17", "close": 10.24345, "volume": 9704690, "typical_volume": 17808584.0, "trend": 10.035055, "fair_value": 10.149229, "relative_strength": -8.188271, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.438917, "energy": 10.638443, "activity_lines": [ 10.185965, 10.214147, 10.2749, 10.209047 ] }, { "date": "2024-05-24", "close": 10.194864, "volume": 10997029, "typical_volume": 17459289.25, "trend": 10.083237, "fair_value": 10.142351, "relative_strength": -8.353427, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.232, "energy": 11.314362, "activity_lines": [ 10.20074, 10.200041, 10.268032, 10.219357 ] }, { "date": "2024-05-31", "close": 10.265908, "volume": 15313888, "typical_volume": 17275587.9, "trend": 10.112649, "fair_value": 10.135401, "relative_strength": -7.060254, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.361283, "energy": 12.53192, "activity_lines": [ 10.227374, 10.202861, 10.266645, 10.231142 ] }, { "date": "2024-06-07", "close": 10.328072, "volume": 13206125, "typical_volume": 16969820.8, "trend": 10.147562, "fair_value": 10.128658, "relative_strength": -7.386272, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.284667, "energy": 20.421562, "activity_lines": [ 10.262037, 10.222062, 10.270463, 10.24504 ] }, { "date": "2024-06-14", "close": 10.29255, "volume": 15424598, "typical_volume": 16765322.15, "trend": 10.173863, "fair_value": 10.121448, "relative_strength": -8.968164, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.261447, "energy": 18.961976, "activity_lines": [ 10.280396, 10.236994, 10.269722, 10.254394 ] }, { "date": "2024-06-21", "close": 10.328072, "volume": 9180260, "typical_volume": 16286020.1, "trend": 10.204222, "fair_value": 10.114454, "relative_strength": -8.987584, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.939632, "energy": 22.99383, "activity_lines": [ 10.30143, 10.261059, 10.2723, 10.264343 ] }, { "date": "2024-06-28", "close": 10.30376, "volume": 12199702, "typical_volume": 16122215.3, "trend": 10.221421, "fair_value": 10.106871, "relative_strength": -8.912715, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.293135, "energy": 24.856867, "activity_lines": [ 10.308719, 10.276976, 10.27262, 10.270765 ] }, { "date": "2024-07-05", "close": 10.437575, "volume": 9691057, "typical_volume": 15732157.55, "trend": 10.246239, "fair_value": 10.100002, "relative_strength": -9.212846, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.756597, "energy": 37.299424, "activity_lines": [ 10.353354, 10.312019, 10.285815, 10.284711 ] }, { "date": "2024-07-12", "close": 10.526785, "volume": 20500440, "typical_volume": 16155589.0, "trend": 10.264841, "fair_value": 10.094281, "relative_strength": -9.094448, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.019448, "energy": 55.614879, "activity_lines": [ 10.41628, 10.356699, 10.306586, 10.30281 ] }, { "date": "2024-07-19", "close": 10.500022, "volume": 14945894, "typical_volume": 15892491.45, "trend": 10.281985, "fair_value": 10.088526, "relative_strength": -7.320358, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.523285, "energy": 61.24244, "activity_lines": [ 10.457038, 10.391683, 10.324193, 10.317983 ] }, { "date": "2024-07-26", "close": 10.453466, "volume": 15928351, "typical_volume": 16006104.7, "trend": 10.299022, "fair_value": 10.082039, "relative_strength": -6.790984, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.877781, "energy": 59.680339, "activity_lines": [ 10.468446, 10.411931, 10.336881, 10.329047 ] }, { "date": "2024-08-02", "close": 10.489327, "volume": 19329603, "typical_volume": 16436520.05, "trend": 10.317832, "fair_value": 10.075492, "relative_strength": -4.27731, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.187778, "energy": 59.145759, "activity_lines": [ 10.483447, 10.43488, 10.353219, 10.341324 ] }, { "date": "2024-08-09", "close": 10.498292, "volume": 22369934, "typical_volume": 16723596.3, "trend": 10.330584, "fair_value": 10.069341, "relative_strength": -4.043758, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.95928, "energy": 46.669185, "activity_lines": [ 10.489066, 10.454105, 10.370059, 10.352967 ] }, { "date": "2024-08-16", "close": 10.659666, "volume": 20205660, "typical_volume": 16896834.85, "trend": 10.349872, "fair_value": 10.064465, "relative_strength": -6.110405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.689391, "energy": 53.957294, "activity_lines": [ 10.544429, 10.498445, 10.402491, 10.374198 ] }, { "date": "2024-08-23", "close": 10.810687, "volume": 8636962, "typical_volume": 15950291.2, "trend": 10.367592, "fair_value": 10.06036, "relative_strength": -5.909867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.08989, "energy": 75.934583, "activity_lines": [ 10.641273, 10.564215, 10.4483, 10.403928 ] }, { "date": "2024-08-30", "close": 10.801678, "volume": 17074095, "typical_volume": 15637514.05, "trend": 10.382979, "fair_value": 10.055906, "relative_strength": -6.057391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.742328, "energy": 82.242116, "activity_lines": [ 10.714403, 10.618927, 10.491485, 10.431934 ] }, { "date": "2024-09-06", "close": 10.900776, "volume": 15676714, "typical_volume": 15270569.2, "trend": 10.401959, "fair_value": 10.052282, "relative_strength": -0.983888, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.508524, "energy": 87.645719, "activity_lines": [ 10.797352, 10.683045, 10.540876, 10.46534 ] }, { "date": "2024-09-13", "close": 11.11699, "volume": 14921970, "typical_volume": 15151063.0, "trend": 10.431051, "fair_value": 10.049753, "relative_strength": -2.746081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.115737, "energy": 94.896905, "activity_lines": [ 10.924942, 10.77562, 10.606653, 10.511471 ] }, { "date": "2024-09-20", "close": 11.27915, "volume": 17152759, "typical_volume": 14982673.55, "trend": 10.460428, "fair_value": 10.0488, "relative_strength": -2.501514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.627795, "energy": 95.924053, "activity_lines": [ 11.065339, 10.885326, 10.682914, 10.566187 ] }, { "date": "2024-09-27", "close": 11.258992, "volume": 12868025, "typical_volume": 14766387.8, "trend": 10.489132, "fair_value": 10.047865, "relative_strength": -3.003818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.347001, "energy": 92.939881, "activity_lines": [ 11.157717, 10.977687, 10.752408, 10.617707 ] }, { "date": "2024-10-04", "close": 11.186587, "volume": 18473439, "typical_volume": 15204825.25, "trend": 10.511923, "fair_value": 10.047292, "relative_strength": -3.741887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.265667, "energy": 87.986219, "activity_lines": [ 11.196074, 11.043084, 10.809749, 10.662704 ] }, { "date": "2024-10-11", "close": 11.213738, "volume": 14620312, "typical_volume": 15385989.4, "trend": 10.538535, "fair_value": 10.045872, "relative_strength": -4.466442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.786006, "energy": 85.738347, "activity_lines": [ 11.21782, 11.100088, 10.865185, 10.707983 ] }, { "date": "2024-10-18", "close": 11.277093, "volume": 10346292, "typical_volume": 15137609.6, "trend": 10.562931, "fair_value": 10.044819, "relative_strength": -4.580117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.417635, "energy": 70.70356, "activity_lines": [ 11.239821, 11.155441, 10.921803, 10.755632 ] }, { "date": "2024-10-25", "close": 11.099504, "volume": 17395410, "typical_volume": 15347073.85, "trend": 10.584632, "fair_value": 10.042335, "relative_strength": -4.963383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.08145, "energy": 61.603292, "activity_lines": [ 11.191951, 11.164344, 10.956692, 10.790249 ] }, { "date": "2024-11-01", "close": 10.917545, "volume": 15168966, "typical_volume": 15334292.25, "trend": 10.600561, "fair_value": 10.038294, "relative_strength": -4.961608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.144538, "energy": 44.172764, "activity_lines": [ 11.095406, 11.132167, 10.970579, 10.811727 ] }, { "date": "2024-11-08", "close": 11.199582, "volume": 16638055, "typical_volume": 15707182.0, "trend": 10.636446, "fair_value": 10.037233, "relative_strength": -6.697114, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.515616, "energy": 42.939633, "activity_lines": [ 11.115635, 11.149326, 11.00835, 10.850374 ] }, { "date": "2024-11-15", "close": 10.935741, "volume": 15655681, "typical_volume": 15879980.95, "trend": 10.667053, "fair_value": 10.034773, "relative_strength": -6.71909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.44641, "energy": 26.390745, "activity_lines": [ 11.047051, 11.11128, 11.016843, 10.869683 ] }, { "date": "2024-11-22", "close": 10.924684, "volume": 15640469, "typical_volume": 16177451.55, "trend": 10.695358, "fair_value": 10.033236, "relative_strength": -8.10942, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.036905, "energy": 25.807291, "activity_lines": [ 10.993315, 11.070588, 11.021274, 10.886305 ] }, { "date": "2024-11-29", "close": 10.95211, "volume": 11786694, "typical_volume": 15741764.25, "trend": 10.718391, "fair_value": 10.031237, "relative_strength": -8.653028, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.735709, "energy": 19.637618, "activity_lines": [ 10.972215, 11.038378, 11.025998, 10.902869 ] }, { "date": "2024-12-06", "close": 10.888116, "volume": 16353009, "typical_volume": 15812120.0, "trend": 10.742826, "fair_value": 10.028632, "relative_strength": -9.672844, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.318961, "energy": 18.202919, "activity_lines": [ 10.939609, 11.00048, 11.022601, 10.913819 ] }, { "date": "2024-12-13", "close": 10.732702, "volume": 28330539, "typical_volume": 16432229.4, "trend": 10.759134, "fair_value": 10.024639, "relative_strength": -10.111048, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.36376, "energy": 22.396761, "activity_lines": [ 10.857161, 10.941067, 11.002555, 10.913166 ] }, { "date": "2024-12-20", "close": 10.641282, "volume": 32299173, "typical_volume": 17080707.9, "trend": 10.774015, "fair_value": 10.019783, "relative_strength": -8.913516, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -17.646206, "energy": 32.20385, "activity_lines": [ 10.775365, 10.873286, 10.972472, 10.905563 ] }, { "date": "2024-12-27", "close": 10.481514, "volume": 32195179, "typical_volume": 17571970.15, "trend": 10.781202, "fair_value": 10.013164, "relative_strength": -10.552381, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.74264, "energy": 64.316011, "activity_lines": [ 10.659943, 10.786863, 10.92645, 10.886692 ] }, { "date": "2025-01-03", "close": 10.839778, "volume": 40232910, "typical_volume": 18573332.65, "trend": 10.798259, "fair_value": 10.009925, "relative_strength": -6.728028, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.82287, "energy": 48.098221, "activity_lines": [ 10.693487, 10.780045, 10.914628, 10.890471 ] }, { "date": "2025-01-10", "close": 10.417211, "volume": 33952368, "typical_volume": 19839102.95, "trend": 10.802414, "fair_value": 10.004026, "relative_strength": -8.275722, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.268393, "energy": 57.698873, "activity_lines": [ 10.593665, 10.701119, 10.861704, 10.865887 ] }, { "date": "2025-01-17", "close": 10.683612, "volume": 47832718, "typical_volume": 21377034.1, "trend": 10.814265, "fair_value": 10.000327, "relative_strength": -8.324205, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.553263, "energy": 33.071722, "activity_lines": [ 10.614037, 10.679726, 10.836026, 10.858222 ] }, { "date": "2025-01-24", "close": 10.783696, "volume": 23307610, "typical_volume": 21758578.9, "trend": 10.830263, "fair_value": 9.999558, "relative_strength": -8.720722, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.471011, "energy": 21.802355, "activity_lines": [ 10.671042, 10.685912, 10.820441, 10.85625 ] }, { "date": "2025-01-31", "close": 10.663672, "volume": 40232844, "typical_volume": 23024122.6, "trend": 10.8378, "fair_value": 9.998712, "relative_strength": -8.500458, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.424005, "energy": 20.115011, "activity_lines": [ 10.678545, 10.673039, 10.793983, 10.845502 ] }, { "date": "2025-02-07", "close": 10.682137, "volume": 19963795, "typical_volume": 23164674.4, "trend": 10.842978, "fair_value": 10.000108, "relative_strength": -7.898593, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.770447, "energy": 21.44233, "activity_lines": [ 10.68006, 10.66827, 10.771442, 10.83546 ] }, { "date": "2025-02-14", "close": 10.792928, "volume": 25293529, "typical_volume": 23785949.6, "trend": 10.852742, "fair_value": 10.001868, "relative_strength": -8.025097, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.420109, "energy": 18.324056, "activity_lines": [ 10.729014, 10.688553, 10.762296, 10.832231 ] }, { "date": "2025-02-21", "close": 10.709835, "volume": 16362554, "typical_volume": 23680405.35, "trend": 10.861287, "fair_value": 10.002863, "relative_strength": -6.980286, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.3534, "energy": 18.066741, "activity_lines": [ 10.725223, 10.695459, 10.747455, 10.823011 ] }, { "date": "2025-02-28", "close": 10.835521, "volume": 32683451, "typical_volume": 24583562.3, "trend": 10.872827, "fair_value": 10.004911, "relative_strength": -4.756969, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.612753, "energy": 15.306704, "activity_lines": [ 10.761578, 10.725632, 10.746855, 10.821348 ] }, { "date": "2025-03-07", "close": 10.687089, "volume": 38196938, "typical_volume": 25976094.6, "trend": 10.879121, "fair_value": 10.00695, "relative_strength": -2.865609, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.996978, "energy": 16.817561, "activity_lines": [ 10.745002, 10.725286, 10.733919, 10.809365 ] }, { "date": "2025-03-14", "close": 10.71492, "volume": 36425264, "typical_volume": 26927587.3, "trend": 10.880962, "fair_value": 10.008424, "relative_strength": -0.184559, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.230008, "energy": 14.747108, "activity_lines": [ 10.736141, 10.726263, 10.726444, 10.798772 ] }, { "date": "2025-03-21", "close": 10.71492, "volume": 20403862, "typical_volume": 27189332.1, "trend": 10.87777, "fair_value": 10.011554, "relative_strength": -0.541199, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.898771, "energy": 15.066665, "activity_lines": [ 10.725095, 10.72951, 10.7208, 10.788059 ] }, { "date": "2025-03-28", "close": 10.553105, "volume": 17988828, "typical_volume": 27256870.75, "trend": 10.869484, "fair_value": 10.012052, "relative_strength": -0.452534, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.804233, "energy": 33.422286, "activity_lines": [ 10.665311, 10.697923, 10.700709, 10.767113 ] }, { "date": "2025-04-04", "close": 10.329364, "volume": 47980128, "typical_volume": 28873093.1, "trend": 10.850437, "fair_value": 10.013009, "relative_strength": 7.146653, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.299567, "energy": 63.486232, "activity_lines": [ 10.541395, 10.628029, 10.662389, 10.732267 ] }, { "date": "2025-04-11", "close": 10.049688, "volume": 80876761, "typical_volume": 32134907.7, "trend": 10.814861, "fair_value": 10.012971, "relative_strength": -1.225924, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.701706, "energy": 84.348884, "activity_lines": [ 10.357998, 10.515545, 10.60032, 10.680605 ] }, { "date": "2025-04-18", "close": 10.198849, "volume": 44276240, "typical_volume": 33759385.0, "trend": 10.778851, "fair_value": 10.014902, "relative_strength": 1.788361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.717628, "energy": 85.589814, "activity_lines": [ 10.266815, 10.441345, 10.556624, 10.640863 ] }, { "date": "2025-04-25", "close": 10.381259, "volume": 45107031, "typical_volume": 35197086.1, "trend": 10.749593, "fair_value": 10.019053, "relative_strength": -0.827802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.676205, "energy": 78.814475, "activity_lines": [ 10.270839, 10.409097, 10.533887, 10.615212 ] }, { "date": "2025-05-02", "close": 10.36252, "volume": 43113958, "typical_volume": 35936257.05, "trend": 10.722124, "fair_value": 10.024585, "relative_strength": -3.623526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.245604, "energy": 71.841067, "activity_lines": [ 10.290862, 10.380927, 10.511779, 10.590239 ] }, { "date": "2025-05-09", "close": 10.36252, "volume": 32487903, "typical_volume": 35945693.55, "trend": 10.69375, "fair_value": 10.029767, "relative_strength": -3.074384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.973467, "energy": 44.031834, "activity_lines": [ 10.32359, 10.359072, 10.491434, 10.567039 ] }, { "date": "2025-05-16", "close": 10.381259, "volume": 22150177, "typical_volume": 35443443.45, "trend": 10.663889, "fair_value": 10.035068, "relative_strength": -7.579593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.343481, "energy": 30.133797, "activity_lines": [ 10.360353, 10.349224, 10.474201, 10.546878 ] }, { "date": "2025-05-23", "close": 10.272147, "volume": 37129313, "typical_volume": 35288263.6, "trend": 10.63631, "fair_value": 10.03551, "relative_strength": -5.999522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.955201, "energy": 31.958729, "activity_lines": [ 10.338642, 10.325098, 10.447053, 10.521605 ] }, { "date": "2025-05-30", "close": 10.328639, "volume": 28556382, "typical_volume": 35018464.3, "trend": 10.61668, "fair_value": 10.037069, "relative_strength": -6.923469, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.370919, "energy": 28.976421, "activity_lines": [ 10.330875, 10.319293, 10.427989, 10.501755 ] }, { "date": "2025-06-06", "close": 10.375716, "volume": 30839106, "typical_volume": 34168783.7, "trend": 10.589218, "fair_value": 10.04094, "relative_strength": -7.807196, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.713592, "energy": 26.50326, "activity_lines": [ 10.342308, 10.329072, 10.41383, 10.486209 ] }, { "date": "2025-06-13", "close": 10.356885, "volume": 31942144, "typical_volume": 34600510.4, "trend": 10.569923, "fair_value": 10.0465, "relative_strength": -7.468905, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.572133, "energy": 25.313078, "activity_lines": [ 10.346584, 10.338651, 10.399344, 10.47122 ] }, { "date": "2025-06-20", "close": 10.432208, "volume": 20449639, "typical_volume": 33611350.15, "trend": 10.553507, "fair_value": 10.050987, "relative_strength": -6.488314, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.859585, "energy": 17.429778, "activity_lines": [ 10.376344, 10.361426, 10.394064, 10.462335 ] }, { "date": "2025-06-27", "close": 10.499444, "volume": 22311854, "typical_volume": 33728753.1, "trend": 10.538418, "fair_value": 10.055349, "relative_strength": -8.847639, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -22.440989, "energy": 14.130857, "activity_lines": [ 10.425119, 10.38947, 10.39629, 10.458847 ] }, { "date": "2025-07-04", "close": 10.660247, "volume": 32543441, "typical_volume": 34091248.7, "trend": 10.530822, "fair_value": 10.060338, "relative_strength": -8.807474, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 9.144073, "energy": 17.412777, "activity_lines": [ 10.512341, 10.441286, 10.4147, 10.466707 ] }, { "date": "2025-07-11", "close": 10.679165, "volume": 20823060, "typical_volume": 34314274.0, "trend": 10.529038, "fair_value": 10.064893, "relative_strength": -8.213588, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.5307, "energy": 42.777556, "activity_lines": [ 10.583763, 10.491469, 10.435543, 10.476277 ] }, { "date": "2025-07-18", "close": 10.63187, "volume": 40478957, "typical_volume": 34704049.3, "trend": 10.528724, "fair_value": 10.068033, "relative_strength": -8.96937, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.556852, "energy": 49.860277, "activity_lines": [ 10.61919, 10.527296, 10.452029, 10.482912 ] }, { "date": "2025-07-25", "close": 10.646587, "volume": 30425667, "typical_volume": 34315485.75, "trend": 10.534226, "fair_value": 10.069998, "relative_strength": -9.951653, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.939642, "energy": 55.83502, "activity_lines": [ 10.64119, 10.560901, 10.470885, 10.490516 ] }, { "date": "2025-08-01", "close": 10.741646, "volume": 31076654, "typical_volume": 34048055.25, "trend": 10.530955, "fair_value": 10.071608, "relative_strength": -6.643724, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.816293, "energy": 57.899238, "activity_lines": [ 10.680584, 10.606966, 10.498988, 10.503898 ] }, { "date": "2025-08-08", "close": 10.770163, "volume": 23688822, "typical_volume": 34212303.25, "trend": 10.54272, "fair_value": 10.073554, "relative_strength": -8.377697, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.947483, "energy": 58.336887, "activity_lines": [ 10.713338, 10.649679, 10.52968, 10.51933 ] }, { "date": "2025-08-15", "close": 10.855716, "volume": 17982074, "typical_volume": 34211965.55, "trend": 10.548457, "fair_value": 10.077773, "relative_strength": -8.300018, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.671461, "energy": 65.960262, "activity_lines": [ 10.767281, 10.699919, 10.568256, 10.539524 ] }, { "date": "2025-08-22", "close": 11.03241, "volume": 20110859, "typical_volume": 32818502.1, "trend": 10.556748, "fair_value": 10.084458, "relative_strength": -6.846333, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.485403, "energy": 90.407233, "activity_lines": [ 10.868352, 10.773559, 10.62222, 10.570746 ] }, { "date": "2025-08-29", "close": 10.92734, "volume": 16391575, "typical_volume": 29594242.8, "trend": 10.565537, "fair_value": 10.091693, "relative_strength": -7.457716, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.133746, "energy": 84.217392, "activity_lines": [ 10.907697, 10.815812, 10.662829, 10.594656 ] }, { "date": "2025-09-05", "close": 11.156585, "volume": 16994252, "typical_volume": 28230143.4, "trend": 10.581352, "fair_value": 10.100449, "relative_strength": -5.519671, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.138899, "energy": 93.497951, "activity_lines": [ 11.004741, 10.890744, 10.721091, 10.632788 ] }, { "date": "2025-09-12", "close": 11.299863, "volume": 20743403, "typical_volume": 27011962.0, "trend": 10.598249, "fair_value": 10.110582, "relative_strength": -5.503984, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.835316, "energy": 95.533878, "activity_lines": [ 11.121881, 10.979779, 10.788438, 10.679143 ] }, { "date": "2025-09-19", "close": 11.309415, "volume": 16737662, "typical_volume": 25693147.2, "trend": 10.618235, "fair_value": 10.122623, "relative_strength": -6.276845, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.550644, "energy": 92.546833, "activity_lines": [ 11.206891, 11.058921, 10.852321, 10.725025 ] }, { "date": "2025-09-26", "close": 11.190555, "volume": 11008770, "typical_volume": 24619190.55, "trend": 10.63007, "fair_value": 10.133493, "relative_strength": -6.699243, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.9997, "energy": 86.452447, "activity_lines": [ 11.222036, 11.104993, 10.900375, 10.761949 ] }, { "date": "2025-10-03", "close": 11.228944, "volume": 15535077, "typical_volume": 24288435.55, "trend": 10.648132, "fair_value": 10.145326, "relative_strength": -7.119263, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.439415, "energy": 81.945256, "activity_lines": [ 11.239433, 11.147887, 10.948141, 10.800586 ] }, { "date": "2025-10-10", "close": 11.036996, "volume": 9046125, "typical_volume": 22884276.15, "trend": 10.658868, "fair_value": 10.157517, "relative_strength": -6.175835, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.880304, "energy": 60.434826, "activity_lines": [ 11.172741, 11.145293, 10.973591, 10.825674 ] }, { "date": "2025-10-17", "close": 11.084983, "volume": 14661268, "typical_volume": 22189520.45, "trend": 10.671203, "fair_value": 10.171604, "relative_strength": -7.098906, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.808859, "energy": 45.914477, "activity_lines": [ 11.130017, 11.146053, 10.999968, 10.853165 ] }, { "date": "2025-10-24", "close": 11.168396, "volume": 10791799, "typical_volume": 21187155.1, "trend": 10.691713, "fair_value": 10.184883, "relative_strength": -7.890145, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.718187, "energy": 41.471595, "activity_lines": [ 11.129423, 11.156256, 11.030688, 10.885242 ] }, { "date": "2025-10-31", "close": 11.042909, "volume": 13895836, "typical_volume": 20284839.7, "trend": 10.715497, "fair_value": 10.198851, "relative_strength": -9.25939, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.759212, "energy": 29.106093, "activity_lines": [ 11.096401, 11.137958, 11.045682, 10.9079 ] }, { "date": "2025-11-07", "close": 11.033256, "volume": 14648204, "typical_volume": 19994767.95, "trend": 10.748283, "fair_value": 10.208688, "relative_strength": -7.590697, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.968402, "energy": 26.56691, "activity_lines": [ 11.070004, 11.117714, 11.05649, 10.928401 ] }, { "date": "2025-11-14", "close": 10.965685, "volume": 10071162, "typical_volume": 19382733.35, "trend": 10.773844, "fair_value": 10.218246, "relative_strength": -8.031824, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.100488, "energy": 20.009466, "activity_lines": [ 11.03413, 11.083258, 11.058001, 10.942427 ] }, { "date": "2025-11-21", "close": 10.859504, "volume": 16488335, "typical_volume": 18579978.05, "trend": 10.789786, "fair_value": 10.226495, "relative_strength": -6.928854, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.617587, "energy": 14.99672, "activity_lines": [ 10.967616, 11.032968, 11.047179, 10.947953 ] }, { "date": "2025-11-28", "close": 10.955184, "volume": 11038691, "typical_volume": 18090759.6, "trend": 10.809541, "fair_value": 10.234219, "relative_strength": -9.222396, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.647815, "energy": 18.883933, "activity_lines": [ 10.948027, 11.008081, 11.04452, 10.958624 ] }, { "date": "2025-12-05", "close": 10.896964, "volume": 18435909, "typical_volume": 16988607.2, "trend": 10.827356, "fair_value": 10.243589, "relative_strength": -9.787776, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.545279, "energy": 19.396891, "activity_lines": [ 10.923246, 10.979049, 11.035002, 10.964264 ] }, { "date": "2025-12-12", "close": 10.935778, "volume": 17651199, "typical_volume": 16349883.8, "trend": 10.84584, "fair_value": 10.252794, "relative_strength": -8.751544, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.437215, "energy": 18.750977, "activity_lines": [ 10.921133, 10.962411, 11.027919, 10.971259 ] }, { "date": "2025-12-19", "close": 10.974591, "volume": 21304602, "typical_volume": 15861281.2, "trend": 10.869255, "fair_value": 10.26375, "relative_strength": -8.3295, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.637203, "energy": 12.626561, "activity_lines": [ 10.938455, 10.958162, 11.023155, 10.979566 ] }, { "date": "2025-12-26", "close": 10.949405, "volume": 13225978, "typical_volume": 15338139.0, "trend": 10.889947, "fair_value": 10.275741, "relative_strength": -9.634022, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.466442, "energy": 10.356604, "activity_lines": [ 10.946789, 10.950467, 11.014883, 10.984736 ] }, { "date": "2026-01-02", "close": 11.046906, "volume": 20383980, "typical_volume": 15458234.3, "trend": 10.91232, "fair_value": 10.284453, "relative_strength": -7.638049, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.775637, "energy": 16.658726, "activity_lines": [ 10.98163, 10.962965, 11.015043, 10.994863 ] }, { "date": "2026-01-09", "close": 11.056656, "volume": 27813625, "typical_volume": 15843372.6, "trend": 10.935646, "fair_value": 10.291874, "relative_strength": -8.785325, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.527486, "energy": 22.82938, "activity_lines": [ 11.013605, 10.979445, 11.015221, 11.004175 ] }, { "date": "2026-01-16", "close": 11.144408, "volume": 34839739, "typical_volume": 16765780.8, "trend": 10.959386, "fair_value": 10.298765, "relative_strength": -7.539977, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.259933, "energy": 33.150527, "activity_lines": [ 11.064186, 11.011629, 11.023641, 11.017643 ] }, { "date": "2026-01-23", "close": 11.187552, "volume": 32359333, "typical_volume": 17534034.85, "trend": 10.982323, "fair_value": 10.305094, "relative_strength": -6.67838, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.38912, "energy": 50.194202, "activity_lines": [ 11.115238, 11.049637, 11.035137, 11.032364 ] }, { "date": "2026-01-30", "close": 11.167942, "volume": 20129508, "typical_volume": 17503340.1, "trend": 10.999246, "fair_value": 10.310774, "relative_strength": -7.027129, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.728496, "energy": 61.173059, "activity_lines": [ 11.145557, 11.080046, 11.044617, 11.044339 ] }, { "date": "2026-02-06", "close": 11.118917, "volume": 19101571, "typical_volume": 17621535.55, "trend": 11.013904, "fair_value": 10.317342, "relative_strength": -7.059824, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.968269, "energy": 55.639951, "activity_lines": [ 11.144965, 11.095933, 11.050057, 11.05206 ] }, { "date": "2026-02-13", "close": 11.226773, "volume": 14555305, "typical_volume": 17798862.3, "trend": 11.033734, "fair_value": 10.324916, "relative_strength": -4.784951, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.267796, "energy": 64.633866, "activity_lines": [ 11.175525, 11.128453, 11.066676, 11.065793 ] }, { "date": "2026-02-20", "close": 11.265993, "volume": 8803611, "typical_volume": 17462289.0, "trend": 11.054381, "fair_value": 10.333216, "relative_strength": -5.335697, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.102158, "energy": 66.55478, "activity_lines": [ 11.207816, 11.162107, 11.086857, 11.080778 ] }, { "date": "2026-02-27", "close": 11.230932, "volume": 10246407, "typical_volume": 17522303.1, "trend": 11.070691, "fair_value": 10.341448, "relative_strength": -4.937028, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.089617, "energy": 60.063978, "activity_lines": [ 11.220315, 11.183383, 11.103523, 11.092168 ] }, { "date": "2026-03-06", "close": 11.132415, "volume": 15758536, "typical_volume": 17577166.5, "trend": 11.082766, "fair_value": 10.351729, "relative_strength": -3.624979, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.191775, "energy": 46.016466, "activity_lines": [ 11.197083, 11.182086, 11.109883, 11.09615 ] }, { "date": "2026-03-13", "close": 10.994492, "volume": 15692216, "typical_volume": 17822187.35, "trend": 11.087392, "fair_value": 10.363072, "relative_strength": -3.080278, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.094956, "energy": 14.016836, "activity_lines": [ 11.130245, 11.152385, 11.102881, 11.090455 ] }, { "date": "2026-03-20", "close": 10.846716, "volume": 10947369, "typical_volume": 17674764.0, "trend": 11.081202, "fair_value": 10.373934, "relative_strength": -2.357538, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.118258, "energy": 28.998213, "activity_lines": [ 11.022443, 11.096768, 11.082634, 11.074928 ] }, { "date": "2026-03-27", "close": 10.783161, "volume": 13575714, "typical_volume": 17621139.5, "trend": 11.076396, "fair_value": 10.382381, "relative_strength": -0.466654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.715471, "energy": 52.630079, "activity_lines": [ 10.918794, 11.033413, 11.057268, 11.055699 ] }, { "date": "2026-04-03", "close": 10.901984, "volume": 16414584, "typical_volume": 17938310.6, "trend": 11.067909, "fair_value": 10.391219, "relative_strength": -2.259626, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.344627, "energy": 62.974425, "activity_lines": [ 10.886941, 10.998231, 11.044409, 11.044447 ] }, { "date": "2026-04-10", "close": 11.020807, "volume": 14356103, "typical_volume": 17831699.0, "trend": 11.058607, "fair_value": 10.400133, "relative_strength": -4.325736, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.458548, "energy": 57.21008, "activity_lines": [ 10.916625, 10.989844, 11.043171, 11.041408 ] }, { "date": "2026-04-17", "close": 11.149531, "volume": 16989879, "typical_volume": 18129258.4, "trend": 11.053278, "fair_value": 10.409501, "relative_strength": -6.978813, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -6.7923, "energy": 14.428738, "activity_lines": [ 10.996658, 11.007537, 11.053423, 11.047274 ] }, { "date": "2026-04-24", "close": 11.089108, "volume": 8494708, "typical_volume": 17632198.35, "trend": 11.049896, "fair_value": 10.41868, "relative_strength": -7.602991, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.907242, "energy": 9.508505, "activity_lines": [ 11.046214, 11.013688, 11.056996, 11.049586 ] }, { "date": "2026-05-01", "close": 11.039559, "volume": 7927237, "typical_volume": 17146000.25, "trend": 11.043583, "fair_value": 10.430942, "relative_strength": -8.540156, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.45001, "energy": 17.640887, "activity_lines": [ 11.063095, 11.013332, 11.054934, 11.048919 ] }, { "date": "2026-05-08", "close": 11.089108, "volume": 6981546, "typical_volume": 16429847.45, "trend": 11.045321, "fair_value": 10.443416, "relative_strength": -9.877046, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.49451, "energy": 20.656222, "activity_lines": [ 11.079398, 11.026103, 11.057098, 11.051856 ] }, { "date": "2026-05-15", "close": 10.94046, "volume": 9145046, "typical_volume": 16225800.85, "trend": 11.040503, "fair_value": 10.454353, "relative_strength": -10.976996, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.313971, "energy": 7.050801, "activity_lines": [ 11.033677, 11.014425, 11.044559, 11.045091 ] }, { "date": "2026-05-22", "close": 10.900571, "volume": 17543303, "typical_volume": 16083767.0, "trend": 11.031576, "fair_value": 10.464605, "relative_strength": -11.732035, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.379893, "energy": 21.925587, "activity_lines": [ 10.980016, 10.998985, 11.028264, 11.036063 ] }, { "date": "2026-05-29", "close": 10.9603, "volume": 9715805, "typical_volume": 15178876.0, "trend": 11.028822, "fair_value": 10.472942, "relative_strength": -12.190131, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.879381, "energy": 24.13991, "activity_lines": [ 10.962863, 10.996112, 11.018354, 11.031465 ] }, { "date": "2026-06-05", "close": 10.860751, "volume": 10150621, "typical_volume": 13944420.1, "trend": 11.023072, "fair_value": 10.481282, "relative_strength": -10.463172, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.651788, "energy": 52.466778, "activity_lines": [ 10.921113, 10.973074, 10.999422, 11.020621 ] }, { "date": "2026-06-12", "close": 10.870706, "volume": 10094153, "typical_volume": 12831161.1, "trend": 11.019906, "fair_value": 10.490542, "relative_strength": -10.586212, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.001485, "energy": 58.968521, "activity_lines": [ 10.894602, 10.950435, 10.982789, 11.010791 ] }, { "date": "2026-06-19", "close": 10.87796, "volume": 10263991, "typical_volume": 12337885.25, "trend": 11.020521, "fair_value": 10.500161, "relative_strength": -11.019155, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.83376, "energy": 58.866596, "activity_lines": [ 10.88507, 10.929684, 10.968355, 11.001633 ] }, { "date": "2026-06-26", "close": 10.778143, "volume": 14598522, "typical_volume": 12112732.8, "trend": 11.01462, "fair_value": 10.508173, "relative_strength": -9.425262, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.086367, "energy": 68.935813, "activity_lines": [ 10.846432, 10.893382, 10.945796, 10.985996 ] }, { "date": "2026-07-03", "close": 10.817915, "volume": 18377332, "typical_volume": 12303834.15, "trend": 11.011985, "fair_value": 10.517085, "relative_strength": -10.733331, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.499046, "energy": 63.692721, "activity_lines": [ 10.829213, 10.871064, 10.928648, 10.973306 ] }, { "date": "2026-07-10", "close": 10.788086, "volume": 15337885, "typical_volume": 12630547.85, "trend": 11.007062, "fair_value": 10.525537, "relative_strength": -11.863683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.546386, "energy": 64.32165, "activity_lines": [ 10.811543, 10.848253, 10.910606, 10.95886 ] }, { "date": "2026-07-17", "close": 10.798029, "volume": 10457911, "typical_volume": 12641123.05, "trend": 11.001176, "fair_value": 10.533838, "relative_strength": -10.121302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.328453, "energy": 62.616346, "activity_lines": [ 10.802032, 10.831821, 10.895786, 10.945375 ] }, { "date": "2026-07-24", "close": 10.71, "volume": 16212947, "typical_volume": 12663843.6, "trend": 10.993196, "fair_value": 10.541408, "relative_strength": -10.071041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.396692, "energy": 66.518075, "activity_lines": [ 10.768023, 10.804677, 10.874644, 10.926589 ] }, { "date": "2026-07-31", "close": 10.73, "volume": 14500306, "typical_volume": 12604248.1, "trend": 10.982632, "fair_value": 10.549268, "relative_strength": -10.548646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.84766, "energy": 63.856655, "activity_lines": [ 10.751878, 10.78536, 10.857418, 10.909609 ] }, { "date": "2026-08-07", "close": 10.72, "volume": 11238875, "typical_volume": 12618823.4, "trend": 10.971411, "fair_value": 10.557226, "relative_strength": -13.328601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.562112, "energy": 61.312335, "activity_lines": [ 10.73561, 10.767326, 10.8405, 10.892665 ] } ], "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." } } }