{ "ticker": { "uuid": "2c20d566-8f60-4dd5-813d-2b40e5e67f7d", "symbol": "REMX", "name": "VANECK RARE EARTH AND STRATEGIC METALS 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": 75.048, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -66.59, "architecture_energy": 81.381, "architecture_maturity": 15.292, "architecture_confidence": 83.173, "architecture_tenure": "New", "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": 18.96, "rotation_up": 8.59, "upward_expansion": 19.53, "deceleration": 37.06, "rotation_down": 78.51, "downward_expansion": 95.2 }, "activity_lines": [ 71.780667, 77.044, 85.078857, 87.503054 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 77.04, "trend_reference": 89.701667, "distance_from_trend": -0.141153, "trend_direction": "Improving", "fair_value": 57.997873, "distance_from_fair_value": 0.328325, "fair_value_direction": "Weakening", "relative_strength": -14.518696, "relative_strength_direction": "Weakening", "price_momentum": -0.110701, "excess_performance": -0.236326, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.141153, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.034402, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.328325, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.521242, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.145187, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.512882, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.110701, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.800641, "read": "Supply-led" } ], "volume": { "latest": 4903865, "relative_activity": 1.066045, "balance": 0.800641, "dry_up": 0.881591, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.114591, "annualized_volatility": 0.539548, "from_high_reference": -0.309368, "from_low_reference": 0.399546 }, "levels": { "trend_reference": 89.701667, "fair_value_reference": 57.997873, "structural_low": 64.0606, "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": 27, "median_return": 0.012554, "positive_rate": 0.518519, "directional_follow_through": 0.481481, "median_excess_return": -0.017483, "regime_survival": 0.740741, "best_return": 0.259191, "worst_return": -0.209058, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.026581, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.021755, "regime_survival": 0.5, "best_return": 0.207732, "worst_return": -0.186584, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.087817, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.049634, "regime_survival": 0.333333, "best_return": 1.116272, "worst_return": -0.305118, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.066717, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.140227, "regime_survival": 0.5, "best_return": 1.509618, "worst_return": -0.352592, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-11-29", "tenure": "Developing", "return": -0.017112, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.064833, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.042479, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.020931, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.008008, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-06-20", "tenure": "Developing", "return": 0.117715, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.01528, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.096461, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2026-03-20", "tenure": "Extended", "return": 0.465489, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.180372, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-19", "tenure": "Developing", "return": -0.03054, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.078239, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": -0.071006, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.167804, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 69.317809, "volume": 732111, "typical_volume": 668664.55, "trend": 79.30865, "fair_value": 80.839486, "relative_strength": -21.50711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.772842, "energy": 76.379805, "activity_lines": [ 73.972872, 76.654881, 78.118838, 78.238331 ] }, { "date": "2023-08-25", "close": 67.898855, "volume": 404479, "typical_volume": 585371.8, "trend": 78.507132, "fair_value": 81.03841, "relative_strength": -23.132538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.512221, "energy": 85.559178, "activity_lines": [ 71.426425, 74.771542, 77.119498, 77.502215 ] }, { "date": "2023-09-01", "close": 68.867195, "volume": 405356, "typical_volume": 543993.8, "trend": 77.811398, "fair_value": 81.247007, "relative_strength": -23.434035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.33017, "energy": 86.108997, "activity_lines": [ 69.960173, 73.338294, 76.248174, 76.880284 ] }, { "date": "2023-09-08", "close": 67.524942, "volume": 419967, "typical_volume": 491483.2, "trend": 77.222404, "fair_value": 81.454953, "relative_strength": -23.283052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.76429, "energy": 87.535055, "activity_lines": [ 68.658187, 71.827474, 75.296909, 76.216642 ] }, { "date": "2023-09-15", "close": 68.867195, "volume": 310016, "typical_volume": 448936.45, "trend": 76.786172, "fair_value": 81.659062, "relative_strength": -21.065369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.944044, "energy": 83.048238, "activity_lines": [ 68.41019, 70.782608, 74.512102, 75.677596 ] }, { "date": "2023-09-22", "close": 64.380233, "volume": 274262, "typical_volume": 446045.5, "trend": 76.232332, "fair_value": 81.860313, "relative_strength": -23.431599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.826345, "energy": 87.580863, "activity_lines": [ 67.038534, 69.142967, 73.335028, 74.877213 ] }, { "date": "2023-09-29", "close": 63.594056, "volume": 695816, "typical_volume": 418194.05, "trend": 75.553216, "fair_value": 82.054934, "relative_strength": -23.278772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.947197, "energy": 83.176132, "activity_lines": [ 65.733992, 67.701352, 72.146905, 74.06184 ] }, { "date": "2023-10-06", "close": 60.075434, "volume": 1248372, "typical_volume": 453339.8, "trend": 75.033572, "fair_value": 82.202458, "relative_strength": -27.278895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.980625, "energy": 88.166981, "activity_lines": [ 63.543562, 65.904824, 70.705672, 73.063274 ] }, { "date": "2023-10-13", "close": 60.554811, "volume": 503177, "typical_volume": 453187.3, "trend": 74.664133, "fair_value": 82.359361, "relative_strength": -26.482683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.278686, "energy": 88.043224, "activity_lines": [ 62.099041, 64.522129, 69.411219, 72.12916 ] }, { "date": "2023-10-20", "close": 55.463835, "volume": 866726, "typical_volume": 479472.35, "trend": 74.109334, "fair_value": 82.480676, "relative_strength": -30.350589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.258058, "energy": 93.348853, "activity_lines": [ 59.422204, 62.505959, 67.714181, 70.890431 ] }, { "date": "2023-10-27", "close": 55.866511, "volume": 290219, "typical_volume": 477977.5, "trend": 73.364384, "fair_value": 82.609912, "relative_strength": -27.496676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.856333, "energy": 91.369108, "activity_lines": [ 57.77315, 60.908155, 66.175703, 69.713475 ] }, { "date": "2023-11-03", "close": 56.988251, "volume": 657766, "typical_volume": 487623.05, "trend": 72.750143, "fair_value": 82.715434, "relative_strength": -29.342421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.708042, "energy": 83.752104, "activity_lines": [ 57.065591, 59.758872, 64.861892, 68.65695 ] }, { "date": "2023-11-10", "close": 53.594267, "volume": 425691, "typical_volume": 491594.5, "trend": 71.905802, "fair_value": 82.784742, "relative_strength": -33.641755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.164461, "energy": 83.451648, "activity_lines": [ 55.66709, 58.190876, 63.34857, 67.421087 ] }, { "date": "2023-11-17", "close": 56.384237, "volume": 506152, "typical_volume": 506683.25, "trend": 71.264077, "fair_value": 82.850376, "relative_strength": -31.092096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.276605, "energy": 65.986623, "activity_lines": [ 55.630658, 57.407836, 62.217288, 66.419696 ] }, { "date": "2023-11-24", "close": 55.665173, "volume": 399170, "typical_volume": 508234.95, "trend": 70.578568, "fair_value": 82.888506, "relative_strength": -31.990306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.257305, "energy": 63.99201, "activity_lines": [ 55.632575, 56.696616, 61.128693, 65.413315 ] }, { "date": "2023-12-01", "close": 55.63641, "volume": 525634, "typical_volume": 515570.75, "trend": 69.840329, "fair_value": 82.920828, "relative_strength": -31.817234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.343574, "energy": 62.352257, "activity_lines": [ 55.611483, 56.220203, 60.158115, 64.449305 ] }, { "date": "2023-12-08", "close": 54.984458, "volume": 450661, "typical_volume": 517884.15, "trend": 68.979369, "fair_value": 82.952038, "relative_strength": -32.041436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.271121, "energy": 58.374432, "activity_lines": [ 55.388413, 55.784232, 59.256386, 63.490861 ] }, { "date": "2023-12-15", "close": 56.4897, "volume": 445205, "typical_volume": 519797.45, "trend": 68.151966, "fair_value": 82.970515, "relative_strength": -31.169237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.372077, "energy": 46.692573, "activity_lines": [ 55.800676, 55.77848, 58.613611, 62.685076 ] }, { "date": "2023-12-22", "close": 58.50308, "volume": 518380, "typical_volume": 522663.1, "trend": 67.507684, "fair_value": 82.985469, "relative_strength": -28.785517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.178381, "energy": 39.584212, "activity_lines": [ 56.691038, 56.203992, 58.265218, 62.062568 ] }, { "date": "2023-12-29", "close": 59.011219, "volume": 570359, "typical_volume": 532475.95, "trend": 66.784465, "fair_value": 82.986606, "relative_strength": -27.860311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.717868, "energy": 30.398809, "activity_lines": [ 57.609523, 56.759196, 58.051508, 61.514408 ] }, { "date": "2024-01-05", "close": 55.67476, "volume": 871260, "typical_volume": 539433.4, "trend": 65.953227, "fair_value": 82.911349, "relative_strength": -30.176149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.942966, "energy": 29.873274, "activity_lines": [ 57.192785, 56.643274, 57.593544, 60.797653 ] }, { "date": "2024-01-12", "close": 51.964388, "volume": 562944, "typical_volume": 547356.65, "trend": 64.919691, "fair_value": 82.829726, "relative_strength": -35.259829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.238658, "energy": 45.582253, "activity_lines": [ 55.5367, 55.856226, 56.847178, 59.895148 ] }, { "date": "2024-01-19", "close": 47.726702, "volume": 618752, "typical_volume": 558026.45, "trend": 63.909805, "fair_value": 82.670286, "relative_strength": -40.420266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.051073, "energy": 69.732352, "activity_lines": [ 52.669391, 54.390032, 55.773101, 58.785923 ] }, { "date": "2024-01-26", "close": 47.582889, "volume": 445587, "typical_volume": 559307.45, "trend": 62.83824, "fair_value": 82.550205, "relative_strength": -40.290505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.392162, "energy": 87.35687, "activity_lines": [ 50.338344, 53.004373, 54.785997, 57.732573 ] }, { "date": "2024-02-02", "close": 44.035504, "volume": 592286, "typical_volume": 573420.95, "trend": 61.605284, "fair_value": 82.394721, "relative_strength": -44.659242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.057685, "energy": 94.27981, "activity_lines": [ 47.552848, 51.13376, 53.556008, 56.519493 ] }, { "date": "2024-02-09", "close": 46.10641, "volume": 579821, "typical_volume": 588698.9, "trend": 60.37105, "fair_value": 82.203981, "relative_strength": -42.017341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.393162, "energy": 88.838091, "activity_lines": [ 46.456035, 49.851123, 52.641495, 55.519566 ] }, { "date": "2024-02-16", "close": 48.167728, "volume": 397951, "typical_volume": 573805.65, "trend": 59.334638, "fair_value": 81.992247, "relative_strength": -38.414781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.135951, "energy": 82.312086, "activity_lines": [ 46.684218, 49.116544, 52.010317, 54.732255 ] }, { "date": "2024-02-23", "close": 46.346098, "volume": 334585, "typical_volume": 528116.3, "trend": 58.278093, "fair_value": 81.812153, "relative_strength": -40.873081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.763236, "energy": 62.966573, "activity_lines": [ 46.558302, 48.174701, 51.279108, 53.894285 ] }, { "date": "2024-03-01", "close": 52.079438, "volume": 442700, "typical_volume": 525092.45, "trend": 57.459957, "fair_value": 81.704567, "relative_strength": -33.297435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.261195, "energy": 44.473345, "activity_lines": [ 48.435539, 48.459712, 51.15931, 53.494371 ] }, { "date": "2024-03-08", "close": 48.733392, "volume": 763052, "typical_volume": 519908.75, "trend": 56.602833, "fair_value": 81.556336, "relative_strength": -36.61378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.041887, "energy": 32.474903, "activity_lines": [ 48.897658, 48.253144, 50.761199, 52.931367 ] }, { "date": "2024-03-15", "close": 49.509981, "volume": 448936, "typical_volume": 527844.6, "trend": 55.942572, "fair_value": 81.431648, "relative_strength": -34.824256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.334975, "energy": 27.525344, "activity_lines": [ 49.305447, 48.374644, 50.469099, 52.473764 ] }, { "date": "2024-03-22", "close": 48.579991, "volume": 374388, "typical_volume": 513675.7, "trend": 55.29861, "fair_value": 81.323746, "relative_strength": -36.695964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.462249, "energy": 21.634811, "activity_lines": [ 49.176335, 48.439142, 50.118698, 51.998759 ] }, { "date": "2024-03-29", "close": 49.241531, "volume": 238748, "typical_volume": 504328.55, "trend": 54.644421, "fair_value": 81.20215, "relative_strength": -35.218534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.761578, "energy": 24.001237, "activity_lines": [ 49.240252, 48.685454, 49.87134, 51.607979 ] }, { "date": "2024-04-05", "close": 50.066058, "volume": 305779, "typical_volume": 494309.9, "trend": 54.062458, "fair_value": 81.079422, "relative_strength": -32.739496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.179499, "energy": 20.000107, "activity_lines": [ 49.385983, 49.054138, 49.723235, 51.312601 ] }, { "date": "2024-04-12", "close": 50.01812, "volume": 569888, "typical_volume": 502845.8, "trend": 53.434155, "fair_value": 80.949798, "relative_strength": -30.916466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.846227, "energy": 17.128846, "activity_lines": [ 49.649959, 49.368958, 49.600652, 51.051676 ] }, { "date": "2024-04-19", "close": 48.033502, "volume": 582041, "typical_volume": 505666.15, "trend": 52.889264, "fair_value": 80.798857, "relative_strength": -30.717211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.310289, "energy": 24.250241, "activity_lines": [ 49.166748, 49.214163, 49.315948, 50.703247 ] }, { "date": "2024-04-26", "close": 48.273191, "volume": 386012, "typical_volume": 502433.7, "trend": 52.378569, "fair_value": 80.650999, "relative_strength": -31.307832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.85198, "energy": 25.358394, "activity_lines": [ 48.861865, 49.067909, 49.090276, 50.405436 ] }, { "date": "2024-05-03", "close": 50.900173, "volume": 525774, "typical_volume": 506462.15, "trend": 52.072727, "fair_value": 80.493051, "relative_strength": -27.06872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.988341, "energy": 11.98048, "activity_lines": [ 49.453096, 49.397372, 49.146751, 50.310055 ] }, { "date": "2024-05-10", "close": 52.319126, "volume": 351691, "typical_volume": 498127.7, "trend": 51.798204, "fair_value": 80.379551, "relative_strength": -25.371861, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.501791, "energy": 4.503914, "activity_lines": [ 50.406735, 49.902024, 49.364981, 50.325952 ] }, { "date": "2024-05-17", "close": 54.505082, "volume": 551214, "typical_volume": 497170.45, "trend": 51.766246, "fair_value": 80.282299, "relative_strength": -22.475652, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.559845, "energy": 37.353024, "activity_lines": [ 51.938821, 50.799765, 49.820845, 50.500589 ] }, { "date": "2024-05-24", "close": 51.120686, "volume": 504593, "typical_volume": 478837.1, "trend": 51.608052, "fair_value": 80.131666, "relative_strength": -26.312148, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.120856, "energy": 31.149903, "activity_lines": [ 52.043645, 50.977221, 49.975844, 50.45894 ] }, { "date": "2024-05-31", "close": 49.567506, "volume": 230487, "typical_volume": 462214.25, "trend": 51.360693, "fair_value": 79.944318, "relative_strength": -27.230726, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.259791, "energy": 22.708301, "activity_lines": [ 51.42493, 50.842996, 50.004606, 50.327292 ] }, { "date": "2024-06-07", "close": 46.739186, "volume": 302912, "typical_volume": 446422.25, "trend": 51.132191, "fair_value": 79.760213, "relative_strength": -31.183671, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.488371, "energy": 18.165706, "activity_lines": [ 49.777153, 50.176576, 49.775419, 50.02913 ] }, { "date": "2024-06-14", "close": 43.373965, "volume": 552905, "typical_volume": 451788.15, "trend": 50.698515, "fair_value": 79.586393, "relative_strength": -36.098496, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.90998, "energy": 52.774777, "activity_lines": [ 47.285036, 48.943794, 49.230436, 49.5286 ] }, { "date": "2024-06-21", "close": 41.629035, "volume": 408667, "typical_volume": 442607.2, "trend": 50.230644, "fair_value": 79.375088, "relative_strength": -38.052665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.699024, "energy": 81.576237, "activity_lines": [ 44.807619, 47.515427, 48.539313, 48.943472 ] }, { "date": "2024-06-28", "close": 40.766158, "volume": 368956, "typical_volume": 432063.95, "trend": 49.734969, "fair_value": 79.149657, "relative_strength": -38.270485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.876373, "energy": 89.085151, "activity_lines": [ 42.90098, 46.082702, 47.77747, 48.33286 ] }, { "date": "2024-07-05", "close": 42.204287, "volume": 307762, "typical_volume": 427554.5, "trend": 49.308963, "fair_value": 78.871619, "relative_strength": -36.167951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.347085, "energy": 85.096069, "activity_lines": [ 42.164019, 45.043589, 47.178021, 47.84701 ] }, { "date": "2024-07-12", "close": 43.421903, "volume": 315817, "typical_volume": 426616.1, "trend": 48.87337, "fair_value": 78.602991, "relative_strength": -33.7776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.418595, "energy": 81.4818, "activity_lines": [ 42.323811, 44.336204, 46.722933, 47.467199 ] }, { "date": "2024-07-19", "close": 41.197597, "volume": 299516, "typical_volume": 419456.9, "trend": 48.29652, "fair_value": 78.280454, "relative_strength": -34.81133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.522751, "energy": 77.432871, "activity_lines": [ 41.963321, 43.360368, 46.069932, 46.971988 ] }, { "date": "2024-07-26", "close": 40.258019, "volume": 378824, "typical_volume": 400245.5, "trend": 47.671414, "fair_value": 77.915452, "relative_strength": -34.68261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.894061, "energy": 61.214032, "activity_lines": [ 41.434728, 42.41591, 45.379264, 46.453375 ] }, { "date": "2024-08-02", "close": 37.515987, "volume": 494294, "typical_volume": 402513.4, "trend": 47.066121, "fair_value": 77.516084, "relative_strength": -36.700412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.649805, "energy": 69.470699, "activity_lines": [ 40.083526, 41.231938, 44.46781, 45.798186 ] }, { "date": "2024-08-09", "close": 37.065373, "volume": 995771, "typical_volume": 433582.55, "trend": 46.569487, "fair_value": 77.106149, "relative_strength": -36.372621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.746086, "energy": 85.339025, "activity_lines": [ 38.798798, 40.213394, 43.570555, 45.152977 ] }, { "date": "2024-08-16", "close": 37.372174, "volume": 407770, "typical_volume": 442033.65, "trend": 46.224336, "fair_value": 76.755366, "relative_strength": -37.28036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.634611, "energy": 85.795472, "activity_lines": [ 37.958931, 39.477943, 42.75735, 44.559602 ] }, { "date": "2024-08-23", "close": 38.858241, "volume": 351513, "typical_volume": 444320.35, "trend": 45.933515, "fair_value": 76.366894, "relative_strength": -34.672502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.247066, "energy": 83.511136, "activity_lines": [ 38.017734, 39.182996, 42.142196, 44.08437 ] }, { "date": "2024-08-30", "close": 38.244639, "volume": 1018377, "typical_volume": 466744.8, "trend": 45.740486, "fair_value": 75.958274, "relative_strength": -34.85159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.021709, "energy": 73.881019, "activity_lines": [ 38.027961, 38.858589, 41.521975, 43.588313 ] }, { "date": "2024-09-06", "close": 34.841067, "volume": 263407, "typical_volume": 450813.1, "trend": 45.364974, "fair_value": 75.508869, "relative_strength": -37.051035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.406944, "energy": 73.622955, "activity_lines": [ 37.037889, 37.976885, 40.633668, 42.885125 ] }, { "date": "2024-09-13", "close": 37.237949, "volume": 627189, "typical_volume": 462871.95, "trend": 45.000649, "fair_value": 75.102104, "relative_strength": -34.191708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.646318, "energy": 60.62442, "activity_lines": [ 37.025106, 37.638707, 40.036456, 42.360801 ] }, { "date": "2024-09-20", "close": 37.448874, "volume": 573204, "typical_volume": 465243.45, "trend": 44.704074, "fair_value": 74.712792, "relative_strength": -33.663598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.092756, "energy": 58.330978, "activity_lines": [ 37.071126, 37.429176, 39.511881, 41.873589 ] }, { "date": "2024-09-27", "close": 43.604066, "volume": 847395, "typical_volume": 490028.65, "trend": 44.421562, "fair_value": 74.401727, "relative_strength": -22.072059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.207703, "energy": 28.045048, "activity_lines": [ 39.163763, 38.447372, 39.637569, 41.802621 ] }, { "date": "2024-10-04", "close": 45.694146, "volume": 398153, "typical_volume": 482375.6, "trend": 44.320254, "fair_value": 74.106123, "relative_strength": -17.547767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.104762, "energy": 20.108932, "activity_lines": [ 41.636705, 39.801827, 40.003813, 41.884723 ] }, { "date": "2024-10-11", "close": 46.470736, "volume": 1124920, "typical_volume": 513391.95, "trend": 44.218946, "fair_value": 73.755104, "relative_strength": -16.065682, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 20.941037, "energy": 38.354247, "activity_lines": [ 43.871877, 41.198643, 40.485974, 42.023464 ] }, { "date": "2024-10-18", "close": 44.821681, "volume": 969375, "typical_volume": 550336.35, "trend": 44.093669, "fair_value": 73.392999, "relative_strength": -18.809636, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.735003, "energy": 44.383581, "activity_lines": [ 44.782053, 42.132816, 40.833225, 42.06235 ] }, { "date": "2024-10-25", "close": 45.233945, "volume": 350309, "typical_volume": 552706.2, "trend": 43.960082, "fair_value": 73.005861, "relative_strength": -16.258407, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.388434, "energy": 53.986781, "activity_lines": [ 45.324068, 43.000923, 41.242339, 42.135917 ] }, { "date": "2024-11-01", "close": 46.231048, "volume": 890690, "typical_volume": 569595.45, "trend": 43.832249, "fair_value": 72.620588, "relative_strength": -12.274493, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.823075, "energy": 63.763675, "activity_lines": [ 45.679445, 43.90738, 41.753582, 42.28243 ] }, { "date": "2024-11-08", "close": 45.905072, "volume": 568537, "typical_volume": 577588.95, "trend": 43.695147, "fair_value": 72.228126, "relative_strength": -16.03214, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.516481, "energy": 42.476756, "activity_lines": [ 45.751032, 44.620518, 42.220175, 42.416161 ] }, { "date": "2024-11-15", "close": 43.699941, "volume": 427920, "typical_volume": 580537.15, "trend": 43.550695, "fair_value": 71.835567, "relative_strength": -17.461993, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.393619, "energy": 31.089527, "activity_lines": [ 45.073514, 44.793442, 42.456393, 42.41647 ] }, { "date": "2024-11-22", "close": 44.198492, "volume": 650553, "typical_volume": 597676.7, "trend": 43.414872, "fair_value": 71.429759, "relative_strength": -17.011031, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.752494, "energy": 22.401911, "activity_lines": [ 44.746899, 44.895941, 42.726122, 42.458264 ] }, { "date": "2024-11-29", "close": 44.054679, "volume": 291162, "typical_volume": 596443.95, "trend": 43.186689, "fair_value": 71.053569, "relative_strength": -17.364121, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.995158, "energy": 15.331757, "activity_lines": [ 44.413892, 44.845737, 42.972659, 42.499541 ] }, { "date": "2024-12-06", "close": 41.974186, "volume": 577750, "typical_volume": 610355.65, "trend": 42.841857, "fair_value": 70.641868, "relative_strength": -21.055002, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 2.022629, "energy": 11.717447, "activity_lines": [ 43.466005, 44.297156, 43.01804, 42.421315 ] }, { "date": "2024-12-13", "close": 40.977084, "volume": 659088, "typical_volume": 624368.85, "trend": 42.390924, "fair_value": 70.255863, "relative_strength": -21.545278, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.199272, "energy": 18.146613, "activity_lines": [ 42.469542, 43.596919, 42.96476, 42.301008 ] }, { "date": "2024-12-20", "close": 38.714428, "volume": 593087, "typical_volume": 629308.5, "trend": 41.977382, "fair_value": 69.853152, "relative_strength": -23.479504, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.440556, "energy": 31.609461, "activity_lines": [ 41.047392, 42.571053, 42.692566, 42.063814 ] }, { "date": "2024-12-27", "close": 39.252877, "volume": 355644, "typical_volume": 597302.15, "trend": 41.633561, "fair_value": 69.425306, "relative_strength": -21.869167, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.535443, "energy": 44.695361, "activity_lines": [ 40.137093, 41.784112, 42.465946, 41.88804 ] }, { "date": "2025-01-03", "close": 39.3315, "volume": 960282, "typical_volume": 624927.75, "trend": 41.386638, "fair_value": 69.012621, "relative_strength": -20.326917, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.044489, "energy": 55.381288, "activity_lines": [ 39.58271, 41.112716, 42.236396, 41.73952 ] }, { "date": "2025-01-10", "close": 39.596855, "volume": 941812, "typical_volume": 654442.7, "trend": 41.260735, "fair_value": 68.569962, "relative_strength": -17.402152, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.156633, "energy": 57.840611, "activity_lines": [ 39.431656, 40.596884, 42.022789, 41.62405 ] }, { "date": "2025-01-17", "close": 42.102985, "volume": 297795, "typical_volume": 618413.6, "trend": 41.276533, "fair_value": 68.205749, "relative_strength": -14.09115, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.498597, "energy": 34.227411, "activity_lines": [ 40.274468, 40.657334, 42.044343, 41.678388 ] }, { "date": "2025-01-24", "close": 41.002254, "volume": 317960, "typical_volume": 621141.25, "trend": 41.284403, "fair_value": 67.880448, "relative_strength": -17.156274, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.30731, "energy": 11.718007, "activity_lines": [ 40.67531, 40.58678, 41.942693, 41.660693 ] }, { "date": "2025-01-31", "close": 39.91135, "volume": 263528, "typical_volume": 602958.2, "trend": 41.207972, "fair_value": 67.522051, "relative_strength": -18.073783, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.152221, "energy": 10.036862, "activity_lines": [ 40.559995, 40.366928, 41.707809, 41.572109 ] }, { "date": "2025-02-07", "close": 40.746727, "volume": 479465, "typical_volume": 598271.25, "trend": 41.118799, "fair_value": 67.146297, "relative_strength": -15.705224, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.319093, "energy": 9.514603, "activity_lines": [ 40.679241, 40.376911, 41.539753, 41.542351 ] }, { "date": "2025-02-14", "close": 40.501028, "volume": 1517404, "typical_volume": 631771.7, "trend": 41.09558, "fair_value": 66.764547, "relative_strength": -16.819659, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.122041, "energy": 11.375371, "activity_lines": [ 40.622239, 40.402366, 41.332594, 41.502495 ] }, { "date": "2025-02-21", "close": 40.520684, "volume": 416280, "typical_volume": 632678.05, "trend": 41.104336, "fair_value": 66.356215, "relative_strength": -14.915507, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.368761, "energy": 12.847148, "activity_lines": [ 40.511511, 40.45818, 41.142082, 41.465405 ] }, { "date": "2025-02-28", "close": 39.125113, "volume": 643445, "typical_volume": 608604.3, "trend": 41.157973, "fair_value": 65.969763, "relative_strength": -16.299169, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.274981, "energy": 25.372014, "activity_lines": [ 40.041079, 40.268552, 40.843295, 41.337713 ] }, { "date": "2025-03-07", "close": 41.149673, "volume": 825918, "typical_volume": 601431.45, "trend": 41.294116, "fair_value": 65.611067, "relative_strength": -8.618319, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.417538, "energy": 15.624667, "activity_lines": [ 40.370643, 40.439558, 40.772303, 41.337178 ] }, { "date": "2025-03-14", "close": 42.063673, "volume": 2099372, "typical_volume": 688884.6, "trend": 41.4505, "fair_value": 65.221529, "relative_strength": -3.861499, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.121583, "energy": 10.374855, "activity_lines": [ 40.922319, 40.742259, 40.805843, 41.386827 ] }, { "date": "2025-03-21", "close": 41.847458, "volume": 951552, "typical_volume": 691927.7, "trend": 41.55014, "fair_value": 64.782395, "relative_strength": -4.363979, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.229341, "energy": 9.677212, "activity_lines": [ 41.314127, 40.955973, 40.833889, 41.412437 ] }, { "date": "2025-03-28", "close": 40.176705, "volume": 746359, "typical_volume": 700818.8, "trend": 41.614543, "fair_value": 64.30118, "relative_strength": -6.272404, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.782443, "energy": 16.164247, "activity_lines": [ 41.059256, 40.824993, 40.723689, 41.323828 ] }, { "date": "2025-04-04", "close": 34.063713, "volume": 1316743, "typical_volume": 745259.95, "trend": 41.588631, "fair_value": 63.825535, "relative_strength": -11.942967, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.413272, "energy": 59.198153, "activity_lines": [ 38.789652, 39.617583, 40.058577, 40.836678 ] }, { "date": "2025-04-11", "close": 35.872058, "volume": 888205, "typical_volume": 757142.55, "trend": 41.543101, "fair_value": 63.387706, "relative_strength": -11.535348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.065593, "energy": 71.517405, "activity_lines": [ 37.460256, 38.865119, 39.611576, 40.467867 ] }, { "date": "2025-04-18", "close": 36.520703, "volume": 584249, "typical_volume": 771796.9, "trend": 41.512162, "fair_value": 63.026531, "relative_strength": -7.974864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.007719, "energy": 74.736899, "activity_lines": [ 36.698917, 38.304031, 39.266, 40.143841 ] }, { "date": "2025-04-25", "close": 37.749199, "volume": 554471, "typical_volume": 770632.95, "trend": 41.317, "fair_value": 62.691339, "relative_strength": -8.419507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.192859, "energy": 72.920161, "activity_lines": [ 36.716607, 38.043144, 39.073299, 39.901069 ] }, { "date": "2025-05-02", "close": 37.542811, "volume": 386888, "typical_volume": 757022.95, "trend": 41.045289, "fair_value": 62.375961, "relative_strength": -10.717709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.236316, "energy": 54.238166, "activity_lines": [ 36.938719, 37.794764, 38.881062, 39.657573 ] }, { "date": "2025-05-09", "close": 38.250425, "volume": 451562, "typical_volume": 749946.7, "trend": 40.771278, "fair_value": 62.076989, "relative_strength": -7.833837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.061277, "energy": 33.713626, "activity_lines": [ 37.572295, 37.729185, 38.77257, 39.477259 ] }, { "date": "2025-05-16", "close": 38.633715, "volume": 547462, "typical_volume": 759537.6, "trend": 40.565013, "fair_value": 61.734688, "relative_strength": -10.671754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.878555, "energy": 20.67084, "activity_lines": [ 38.054521, 37.749199, 38.702792, 39.339352 ] }, { "date": "2025-05-23", "close": 36.903994, "volume": 608317, "typical_volume": 741939.35, "trend": 40.287348, "fair_value": 61.343871, "relative_strength": -11.652798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.832663, "energy": 23.473162, "activity_lines": [ 37.776062, 37.500462, 38.471226, 39.103157 ] }, { "date": "2025-05-30", "close": 35.842574, "volume": 592402, "typical_volume": 724468.85, "trend": 39.941065, "fair_value": 60.971504, "relative_strength": -14.910713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.523065, "energy": 33.448142, "activity_lines": [ 37.118243, 37.152552, 38.150133, 38.816398 ] }, { "date": "2025-06-06", "close": 38.103005, "volume": 1223646, "typical_volume": 770761.4, "trend": 39.680996, "fair_value": 60.6493, "relative_strength": -10.412921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.424152, "energy": 24.708908, "activity_lines": [ 37.341011, 37.324809, 38.062196, 38.697813 ] }, { "date": "2025-06-13", "close": 38.958038, "volume": 1710135, "typical_volume": 840370.15, "trend": 39.522933, "fair_value": 60.351776, "relative_strength": -7.682384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.983942, "energy": 19.43159, "activity_lines": [ 37.811442, 37.690231, 38.074738, 38.651171 ] }, { "date": "2025-06-20", "close": 38.073521, "volume": 784084, "typical_volume": 866397.95, "trend": 39.318767, "fair_value": 60.062874, "relative_strength": -9.305183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.108435, "energy": 15.574388, "activity_lines": [ 37.939861, 37.805843, 38.012775, 38.55766 ] }, { "date": "2025-06-27", "close": 40.520684, "volume": 1470648, "typical_volume": 915957.1, "trend": 39.200967, "fair_value": 59.796927, "relative_strength": -6.461004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.414426, "energy": 11.143565, "activity_lines": [ 38.921347, 38.326368, 38.192627, 38.635203 ] }, { "date": "2025-07-04", "close": 41.139845, "volume": 787503, "typical_volume": 879462.05, "trend": 39.173156, "fair_value": 59.542339, "relative_strength": -6.328007, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.565587, "energy": 34.786196, "activity_lines": [ 39.868107, 38.88674, 38.432523, 38.760292 ] }, { "date": "2025-07-11", "close": 45.542772, "volume": 3013222, "typical_volume": 1009309.15, "trend": 39.325346, "fair_value": 59.345771, "relative_strength": 4.139192, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.262363, "energy": 67.230486, "activity_lines": [ 41.929358, 40.185997, 39.088703, 39.171235 ] }, { "date": "2025-07-18", "close": 49.93587, "volume": 3792335, "typical_volume": 1166753.65, "trend": 39.699394, "fair_value": 59.147991, "relative_strength": 13.352337, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 94.784684, "energy": 94.36437, "activity_lines": [ 44.958991, 42.138545, 40.139359, 39.855785 ] }, { "date": "2025-07-25", "close": 53.975162, "volume": 3723479, "typical_volume": 1311631.7, "trend": 40.190136, "fair_value": 58.933769, "relative_strength": 20.365508, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.059322, "energy": 98.228245, "activity_lines": [ 48.603199, 44.613047, 41.523229, 40.776802 ] }, { "date": "2025-08-01", "close": 48.510816, "volume": 3415824, "typical_volume": 1377454.3, "trend": 40.496114, "fair_value": 58.668652, "relative_strength": 10.651919, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.206275, "energy": 88.339297, "activity_lines": [ 49.365848, 45.815096, 42.325612, 41.31362 ] }, { "date": "2025-08-08", "close": 53.847399, "volume": 3579943, "typical_volume": 1508873.85, "trend": 40.971132, "fair_value": 58.373788, "relative_strength": 19.385258, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.233844, "energy": 93.838883, "activity_lines": [ 51.374684, 47.776399, 43.60554, 42.174994 ] }, { "date": "2025-08-15", "close": 57.297013, "volume": 2922788, "typical_volume": 1617695.3, "trend": 41.477599, "fair_value": 58.158694, "relative_strength": 25.091011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.522808, "energy": 94.623295, "activity_lines": [ 53.68622, 50.037545, 45.15686, 43.228276 ] }, { "date": "2025-08-22", "close": 57.867035, "volume": 2878032, "typical_volume": 1695759.75, "trend": 42.039759, "fair_value": 57.92957, "relative_strength": 25.302958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.054055, "energy": 79.16935, "activity_lines": [ 55.404148, 52.053349, 46.680943, 44.285659 ] }, { "date": "2025-08-29", "close": 61.984951, "volume": 3594748, "typical_volume": 1831086.9, "trend": 42.775545, "fair_value": 57.766875, "relative_strength": 33.292339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.709502, "energy": 91.687377, "activity_lines": [ 57.96597, 54.474065, 48.483859, 45.572446 ] }, { "date": "2025-09-05", "close": 59.871939, "volume": 1943894, "typical_volume": 1899069.15, "trend": 43.413053, "fair_value": 57.523711, "relative_strength": 27.387759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.792305, "energy": 84.373321, "activity_lines": [ 59.289469, 56.075844, 49.961189, 46.675439 ] }, { "date": "2025-09-12", "close": 58.161874, "volume": 2377430, "typical_volume": 1990217.1, "trend": 44.001747, "fair_value": 57.330211, "relative_strength": 21.148671, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.716037, "energy": 66.977998, "activity_lines": [ 59.285537, 57.014861, 51.164459, 47.626976 ] }, { "date": "2025-09-19", "close": 60.982499, "volume": 3033026, "typical_volume": 2122524.0, "trend": 44.683808, "fair_value": 57.201183, "relative_strength": 24.649565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.182129, "energy": 68.162186, "activity_lines": [ 59.934183, 58.157228, 52.539157, 48.722508 ] }, { "date": "2025-09-26", "close": 64.717124, "volume": 4684877, "typical_volume": 2334189.75, "trend": 45.536875, "fair_value": 57.111357, "relative_strength": 31.951185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.749703, "energy": 69.861458, "activity_lines": [ 61.582004, 59.697895, 54.157916, 50.01498 ] }, { "date": "2025-10-03", "close": 72.088095, "volume": 5043720, "typical_volume": 2559002.65, "trend": 46.568156, "fair_value": 57.065269, "relative_strength": 44.345102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.920849, "energy": 73.952499, "activity_lines": [ 65.230144, 62.309988, 56.35264, 51.727962 ] }, { "date": "2025-10-10", "close": 68.274846, "volume": 9725313, "typical_volume": 3014852.45, "trend": 47.441861, "fair_value": 57.017751, "relative_strength": 39.259261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.659594, "energy": 68.719723, "activity_lines": [ 66.933657, 63.899438, 58.024891, 53.128394 ] }, { "date": "2025-10-17", "close": 70.240438, "volume": 17260812, "typical_volume": 3848272.95, "trend": 48.388294, "fair_value": 56.933321, "relative_strength": 39.809566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.585828, "energy": 68.569875, "activity_lines": [ 68.732174, 65.486921, 59.734956, 54.59927 ] }, { "date": "2025-10-24", "close": 72.215858, "volume": 8969236, "typical_volume": 4235552.45, "trend": 49.456266, "fair_value": 56.878301, "relative_strength": 40.030402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.879482, "energy": 69.262051, "activity_lines": [ 70.383926, 67.135517, 61.469357, 56.136532 ] }, { "date": "2025-10-31", "close": 69.287126, "volume": 8675135, "typical_volume": 4583802.45, "trend": 50.63038, "fair_value": 56.754178, "relative_strength": 32.745374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.045632, "energy": 62.987668, "activity_lines": [ 70.310544, 67.980364, 62.762389, 57.415942 ] }, { "date": "2025-11-07", "close": 64.088134, "volume": 8637693, "typical_volume": 4976482.9, "trend": 51.570915, "fair_value": 56.566083, "relative_strength": 24.256925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.836424, "energy": 52.30037, "activity_lines": [ 68.199498, 67.672302, 63.415855, 58.284184 ] }, { "date": "2025-11-14", "close": 69.002115, "volume": 4859651, "typical_volume": 5145933.05, "trend": 52.653629, "fair_value": 56.463632, "relative_strength": 32.690834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.499429, "energy": 47.268206, "activity_lines": [ 68.259776, 68.219452, 64.41344, 59.408778 ] }, { "date": "2025-11-21", "close": 67.77362, "volume": 6116356, "typical_volume": 5412375.7, "trend": 53.654443, "fair_value": 56.357121, "relative_strength": 31.970502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.531291, "energy": 34.103142, "activity_lines": [ 67.862071, 68.377235, 65.158399, 60.384261 ] }, { "date": "2025-11-28", "close": 73.522977, "volume": 2003453, "typical_volume": 5361887.25, "trend": 54.853782, "fair_value": 56.245919, "relative_strength": 36.927584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.827175, "energy": 43.658235, "activity_lines": [ 69.545274, 69.405597, 66.324089, 61.666102 ] }, { "date": "2025-12-05", "close": 70.908739, "volume": 2943879, "typical_volume": 5319464.45, "trend": 55.942393, "fair_value": 56.155629, "relative_strength": 30.544966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.858528, "energy": 43.061337, "activity_lines": [ 70.269922, 69.730635, 67.107565, 62.701906 ] }, { "date": "2025-12-12", "close": 71.213406, "volume": 3947071, "typical_volume": 5330644.05, "trend": 57.028382, "fair_value": 56.11211, "relative_strength": 30.725029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.421307, "energy": 42.806758, "activity_lines": [ 70.988018, 69.998491, 67.820186, 63.687132 ] }, { "date": "2025-12-19", "close": 71.331342, "volume": 4567548, "typical_volume": 5388230.25, "trend": 58.175961, "fair_value": 56.091522, "relative_strength": 29.584771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.528616, "energy": 42.180932, "activity_lines": [ 71.270408, 70.303694, 68.461951, 64.609904 ] }, { "date": "2025-12-26", "close": 76.74, "volume": 3746290, "typical_volume": 5396547.6, "trend": 59.539208, "fair_value": 56.115377, "relative_strength": 36.010809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.41228, "energy": 48.200995, "activity_lines": [ 73.200403, 71.536717, 69.510158, 65.807584 ] }, { "date": "2026-01-02", "close": 76.78, "volume": 2333968, "typical_volume": 5367106.6, "trend": 60.828441, "fair_value": 56.099971, "relative_strength": 36.058067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.682605, "energy": 55.326697, "activity_lines": [ 74.545972, 72.658838, 70.453163, 66.919893 ] }, { "date": "2026-01-09", "close": 84.98, "volume": 8558576, "typical_volume": 5651133.8, "trend": 62.362507, "fair_value": 56.106215, "relative_strength": 46.402999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.875805, "energy": 78.186503, "activity_lines": [ 78.407739, 75.188885, 72.084343, 68.478058 ] }, { "date": "2026-01-16", "close": 89.18, "volume": 9212031, "typical_volume": 5931997.95, "trend": 64.066056, "fair_value": 56.126538, "relative_strength": 52.156793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.228968, "energy": 92.096342, "activity_lines": [ 82.731423, 78.197242, 73.986414, 70.208219 ] }, { "date": "2026-01-23", "close": 98.46, "volume": 9770409, "typical_volume": 6323323.7, "trend": 65.997366, "fair_value": 56.168305, "relative_strength": 65.774939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.458562, "energy": 97.008061, "activity_lines": [ 88.950667, 82.436657, 76.642794, 72.427183 ] }, { "date": "2026-01-30", "close": 85.63, "volume": 14418861, "typical_volume": 6925395.25, "trend": 67.480372, "fair_value": 56.141963, "relative_strength": 41.809569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.281179, "energy": 85.054956, "activity_lines": [ 89.084667, 83.807746, 77.893517, 73.693805 ] }, { "date": "2026-02-06", "close": 86.63, "volume": 8863608, "typical_volume": 7216924.35, "trend": 68.849946, "fair_value": 56.151164, "relative_strength": 41.968402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.210584, "energy": 75.416732, "activity_lines": [ 88.959333, 85.035992, 79.108678, 74.929265 ] }, { "date": "2026-02-13", "close": 89.7, "volume": 7168698, "typical_volume": 7341115.4, "trend": 70.175417, "fair_value": 56.200816, "relative_strength": 46.854666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.739945, "energy": 58.739053, "activity_lines": [ 89.200667, 86.584111, 80.494088, 76.274429 ] }, { "date": "2026-02-20", "close": 89.0, "volume": 3620821, "typical_volume": 7269970.45, "trend": 71.342912, "fair_value": 56.252128, "relative_strength": 42.230567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.381567, "energy": 49.817424, "activity_lines": [ 88.894, 87.663297, 81.693866, 77.488919 ] }, { "date": "2026-02-27", "close": 99.86, "volume": 7048406, "typical_volume": 7136125.1, "trend": 73.054551, "fair_value": 56.354002, "relative_strength": 57.747296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.954029, "energy": 61.487992, "activity_lines": [ 92.219333, 90.393636, 83.847396, 79.328731 ] }, { "date": "2026-03-06", "close": 92.53, "volume": 8809163, "typical_volume": 6713542.65, "trend": 74.343971, "fair_value": 56.462113, "relative_strength": 47.123917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.676925, "energy": 51.506633, "activity_lines": [ 93.008, 91.272545, 85.152426, 80.585211 ] }, { "date": "2026-03-13", "close": 89.51, "volume": 5047083, "typical_volume": 6517435.0, "trend": 75.417737, "fair_value": 56.576677, "relative_strength": 42.743066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.605205, "energy": 45.956931, "activity_lines": [ 92.33, 91.315273, 86.063696, 81.563665 ] }, { "date": "2026-03-20", "close": 79.1, "volume": 5909424, "typical_volume": 6379149.45, "trend": 76.125503, "fair_value": 56.621499, "relative_strength": 27.245593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.384744, "energy": 26.50009, "activity_lines": [ 87.99, 89.233818, 85.901184, 81.80123 ] }, { "date": "2026-03-27", "close": 86.1, "volume": 5388348, "typical_volume": 6216682.2, "trend": 76.929338, "fair_value": 56.672044, "relative_strength": 39.910444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.394506, "energy": 18.712854, "activity_lines": [ 86.69, 88.532, 86.358611, 82.444746 ] }, { "date": "2026-04-03", "close": 88.9, "volume": 3373349, "typical_volume": 6142367.1, "trend": 77.89694, "fair_value": 56.758483, "relative_strength": 37.831862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.035455, "energy": 19.740526, "activity_lines": [ 86.516667, 88.395273, 86.977886, 83.217047 ] }, { "date": "2026-04-10", "close": 94.5, "volume": 3482339, "typical_volume": 6010666.25, "trend": 79.108211, "fair_value": 56.858326, "relative_strength": 39.478881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.557916, "energy": 21.118537, "activity_lines": [ 88.940667, 89.450545, 88.035743, 84.288212 ] }, { "date": "2026-04-17", "close": 101.63, "volume": 5389364, "typical_volume": 6179961.8, "trend": 80.463127, "fair_value": 57.024954, "relative_strength": 41.531083, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.210491, "energy": 42.396991, "activity_lines": [ 93.61, 91.640909, 89.645379, 85.741231 ] }, { "date": "2026-04-24", "close": 98.56, "volume": 4197534, "typical_volume": 6242644.55, "trend": 81.591223, "fair_value": 57.168093, "relative_strength": 34.764207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.849299, "energy": 58.571149, "activity_lines": [ 96.448, 93.000364, 90.828791, 86.908771 ] }, { "date": "2026-05-01", "close": 106.52, "volume": 5804423, "typical_volume": 6335512.15, "trend": 82.738953, "fair_value": 57.3523, "relative_strength": 42.135772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.691411, "energy": 77.575345, "activity_lines": [ 100.642, 95.646, 92.638625, 88.517079 ] }, { "date": "2026-05-08", "close": 106.38, "volume": 8238732, "typical_volume": 6519071.35, "trend": 84.009125, "fair_value": 57.51619, "relative_strength": 36.769531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.025981, "energy": 77.98019, "activity_lines": [ 103.428, 97.947636, 94.267, 90.042308 ] }, { "date": "2026-05-15", "close": 96.57, "volume": 8298132, "typical_volume": 6746663.45, "trend": 84.886777, "fair_value": 57.613999, "relative_strength": 22.44786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.829051, "energy": 59.179183, "activity_lines": [ 101.778667, 98.347091, 94.79419, 90.852687 ] }, { "date": "2026-05-22", "close": 96.82, "volume": 5177977, "typical_volume": 6888863.9, "trend": 85.706915, "fair_value": 57.73572, "relative_strength": 20.281943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.487546, "energy": 39.91592, "activity_lines": [ 100.074667, 98.718545, 95.250762, 91.622572 ] }, { "date": "2026-05-29", "close": 99.63, "volume": 4077716, "typical_volume": 6664820.9, "trend": 86.718344, "fair_value": 57.857016, "relative_strength": 20.492641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.691426, "energy": 33.036679, "activity_lines": [ 99.628, 99.468, 95.879524, 92.520836 ] }, { "date": "2026-06-05", "close": 88.59, "volume": 4315319, "typical_volume": 6419985.3, "trend": 87.535073, "fair_value": 57.908157, "relative_strength": 8.8226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.932474, "energy": 16.204594, "activity_lines": [ 95.43, 97.836909, 95.387095, 92.641588 ] }, { "date": "2026-06-12", "close": 95.5, "volume": 4936265, "typical_volume": 6178278.1, "trend": 88.418336, "fair_value": 57.988475, "relative_strength": 15.385103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.647205, "energy": 17.997347, "activity_lines": [ 94.730667, 97.416909, 95.555571, 93.155454 ] }, { "date": "2026-06-19", "close": 95.55, "volume": 3750537, "typical_volume": 5644861.9, "trend": 89.344215, "fair_value": 58.100826, "relative_strength": 13.153489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.423466, "energy": 16.576011, "activity_lines": [ 94.773333, 96.886, 95.742905, 93.615561 ] }, { "date": "2026-06-26", "close": 86.53, "volume": 3172296, "typical_volume": 5360296.3, "trend": 89.777783, "fair_value": 58.144417, "relative_strength": 4.045381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.918303, "energy": 13.717329, "activity_lines": [ 91.877333, 94.696, 95.023952, 93.433999 ] }, { "date": "2026-07-03", "close": 86.72, "volume": 2110061, "typical_volume": 5107364.45, "trend": 90.304825, "fair_value": 58.180928, "relative_strength": 1.211425, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.436409, "energy": 20.05789, "activity_lines": [ 89.730667, 92.815091, 94.323571, 93.236723 ] }, { "date": "2026-07-10", "close": 79.76, "volume": 4067218, "typical_volume": 5129684.3, "trend": 90.589711, "fair_value": 58.159304, "relative_strength": -8.651408, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.512343, "energy": 44.738673, "activity_lines": [ 86.124667, 89.884, 92.974524, 92.556411 ] }, { "date": "2026-07-17", "close": 72.67, "volume": 3938106, "typical_volume": 4974169.3, "trend": 90.634333, "fair_value": 58.11706, "relative_strength": -15.708678, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.467942, "energy": 67.543101, "activity_lines": [ 80.744, 86.150364, 90.994238, 91.400301 ] }, { "date": "2026-07-24", "close": 67.51, "volume": 3409413, "typical_volume": 4704181.8, "trend": 90.326667, "fair_value": 58.049544, "relative_strength": -21.30626, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.952417, "energy": 85.6296, "activity_lines": [ 75.165333, 82.091455, 88.652, 89.908409 ] }, { "date": "2026-07-31", "close": 65.97, "volume": 3970084, "typical_volume": 4650331.85, "trend": 89.966333, "fair_value": 57.981252, "relative_strength": -24.053694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.752598, "energy": 89.778544, "activity_lines": [ 70.942667, 78.280909, 86.282238, 88.337011 ] }, { "date": "2026-08-07", "close": 77.04, "volume": 4903865, "typical_volume": 4600053.9, "trend": 89.701667, "fair_value": 57.997873, "relative_strength": -14.518696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.59012, "energy": 81.380741, "activity_lines": [ 71.780667, 77.044, 85.078857, 87.503054 ] } ], "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." } } }