{ "ticker": { "uuid": "2c3c67e5-bf9e-4614-8b78-0384dd141cfe", "symbol": "MJP", "name": "HSBC MSCI JAPAN UCITS ETF", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 60.696, "architecture_energy": 32.743, "architecture_maturity": 62.239, "architecture_confidence": 93.771, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 24.42, "rotation_up": 37.45, "upward_expansion": 61.36, "deceleration": 85.47, "rotation_down": 27.17, "downward_expansion": 20.36 }, "activity_lines": [ 48.932135, 49.035902, 48.406356, 47.58016 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 50.314999, "trend_reference": 46.593379, "distance_from_trend": 0.079874, "trend_direction": "Improving", "fair_value": 38.119636, "distance_from_fair_value": 0.319923, "fair_value_direction": "Improving", "relative_strength": 6.326654, "relative_strength_direction": "Weakening", "price_momentum": 0.110829, "excess_performance": 0.057518, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079874, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055572, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.319923, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.035838, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.063267, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.060153, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.110829, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 12.262752, "read": "Demand-led" } ], "volume": { "latest": 12298, "relative_activity": 1.908931, "balance": 12.262752, "dry_up": 0.816666, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.029454, "annualized_volatility": 0.199194, "from_high_reference": -0.00906, "from_low_reference": 0.303959 }, "levels": { "trend_reference": 46.593379, "fair_value_reference": 38.119636, "structural_low": 42.290001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.037143, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.00876, "regime_survival": 0.538462, "best_return": 0.086028, "worst_return": -0.042101, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.038968, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.0667, "regime_survival": 0.0, "best_return": 0.159677, "worst_return": -0.020558, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.060192, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.084612, "regime_survival": 0.0, "best_return": 0.157316, "worst_return": -0.084843, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.019483, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.087728, "regime_survival": 0.0, "best_return": 0.287071, "worst_return": -0.131086, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": 0.092808, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-10-04", "tenure": "Developing", "return": 0.004112, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-03-28", "tenure": "Established", "return": 0.000669, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.002409, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.078674, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.014796, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-20", "tenure": "New", "return": -0.027484, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-15", "tenure": "Developing", "return": 0.052855, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-21", "tenure": "Established", "return": 0.024674, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.053702, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-20", "tenure": "Developing", "return": -0.03607, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.048852, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.065002, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.047138, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 29.767878, "volume": 3582, "typical_volume": 5398.85, "trend": 29.83716, "fair_value": 29.346041, "relative_strength": -1.52181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.260129, "energy": 11.481316, "activity_lines": [ 30.480251, 30.614327, 30.598925, 30.257935 ] }, { "date": "2023-08-25", "close": 30.270569, "volume": 2408, "typical_volume": 5473.65, "trend": 29.872299, "fair_value": 29.378011, "relative_strength": -0.522841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.75866, "energy": 14.715412, "activity_lines": [ 30.346667, 30.528715, 30.598273, 30.285897 ] }, { "date": "2023-09-01", "close": 31.31389, "volume": 1607, "typical_volume": 5422.95, "trend": 29.947539, "fair_value": 29.416409, "relative_strength": 2.117451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.578302, "energy": 18.034028, "activity_lines": [ 30.585462, 30.657869, 30.689258, 30.378903 ] }, { "date": "2023-09-08", "close": 31.484613, "volume": 18515, "typical_volume": 6113.65, "trend": 30.016727, "fair_value": 29.45351, "relative_strength": 3.578483, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.190309, "energy": 28.89293, "activity_lines": [ 30.906045, 30.802816, 30.784524, 30.478069 ] }, { "date": "2023-09-15", "close": 32.328758, "volume": 2465, "typical_volume": 5752.7, "trend": 30.132842, "fair_value": 29.494178, "relative_strength": 4.460075, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.010058, "energy": 68.582599, "activity_lines": [ 31.455529, 31.090748, 30.948309, 30.627232 ] }, { "date": "2023-09-22", "close": 31.802357, "volume": 2552, "typical_volume": 5322.2, "trend": 30.232662, "fair_value": 29.530607, "relative_strength": 5.719125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.39074, "energy": 71.293497, "activity_lines": [ 31.711934, 31.252431, 31.045284, 30.734943 ] }, { "date": "2023-09-29", "close": 31.228529, "volume": 3235, "typical_volume": 5371.75, "trend": 30.30631, "fair_value": 29.563934, "relative_strength": 4.6973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.466735, "energy": 66.082429, "activity_lines": [ 31.641431, 31.283858, 31.075116, 30.799192 ] }, { "date": "2023-10-06", "close": 30.479233, "volume": 4146, "typical_volume": 5454.0, "trend": 30.354354, "fair_value": 29.591939, "relative_strength": 3.45301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.908965, "energy": 30.546943, "activity_lines": [ 31.257299, 31.168343, 31.027717, 30.810348 ] }, { "date": "2023-10-13", "close": 30.967699, "volume": 6718, "typical_volume": 5701.0, "trend": 30.440444, "fair_value": 29.623161, "relative_strength": 6.021944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.53511, "energy": 14.993373, "activity_lines": [ 31.091632, 31.163601, 31.026731, 30.849919 ] }, { "date": "2023-10-20", "close": 30.009737, "volume": 4925, "typical_volume": 5876.0, "trend": 30.485834, "fair_value": 29.649194, "relative_strength": 5.591888, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.882444, "energy": 15.952074, "activity_lines": [ 30.641106, 30.979769, 30.931986, 30.822131 ] }, { "date": "2023-10-27", "close": 29.891178, "volume": 3857, "typical_volume": 5855.45, "trend": 30.510832, "fair_value": 29.674496, "relative_strength": 5.462109, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.910158, "energy": 30.772591, "activity_lines": [ 30.305662, 30.784469, 30.831902, 30.783766 ] }, { "date": "2023-11-03", "close": 31.569981, "volume": 7553, "typical_volume": 6179.5, "trend": 30.60823, "fair_value": 29.704421, "relative_strength": 7.305983, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.841953, "energy": 19.427977, "activity_lines": [ 30.657231, 30.892165, 30.899562, 30.852099 ] }, { "date": "2023-11-10", "close": 30.754293, "volume": 5439, "typical_volume": 6246.65, "trend": 30.673429, "fair_value": 29.724477, "relative_strength": 4.551246, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.175466, "energy": 11.789764, "activity_lines": [ 30.71414, 30.827928, 30.889917, 30.861522 ] }, { "date": "2023-11-17", "close": 31.20956, "volume": 1395, "typical_volume": 5899.0, "trend": 30.747383, "fair_value": 29.743879, "relative_strength": 3.304833, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.630464, "energy": 14.423303, "activity_lines": [ 30.904467, 30.856641, 30.922302, 30.896111 ] }, { "date": "2023-11-24", "close": 31.233271, "volume": 7434, "typical_volume": 6067.7, "trend": 30.827608, "fair_value": 29.759917, "relative_strength": 2.571922, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.880729, "energy": 24.625163, "activity_lines": [ 31.086574, 30.894666, 30.955506, 30.927459 ] }, { "date": "2023-12-01", "close": 31.598431, "volume": 2097, "typical_volume": 5457.8, "trend": 30.908261, "fair_value": 29.781523, "relative_strength": 2.992686, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.770126, "energy": 33.58604, "activity_lines": [ 31.308832, 31.019002, 31.020704, 30.977189 ] }, { "date": "2023-12-08", "close": 31.79287, "volume": 4588, "typical_volume": 5650.45, "trend": 30.968153, "fair_value": 29.804462, "relative_strength": 1.159481, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.246061, "energy": 50.719926, "activity_lines": [ 31.482087, 31.182398, 31.098603, 31.034261 ] }, { "date": "2023-12-15", "close": 31.802357, "volume": 7944, "typical_volume": 5219.95, "trend": 31.013017, "fair_value": 29.82602, "relative_strength": 0.294613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.015214, "energy": 58.166134, "activity_lines": [ 31.643644, 31.337258, 31.171913, 31.08808 ] }, { "date": "2023-12-22", "close": 31.925657, "volume": 17829, "typical_volume": 5926.05, "trend": 31.062617, "fair_value": 29.85007, "relative_strength": 1.086115, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.306086, "energy": 61.560238, "activity_lines": [ 31.77643, 31.49048, 31.256418, 31.14696 ] }, { "date": "2023-12-29", "close": 32.12484, "volume": 2388, "typical_volume": 5533.85, "trend": 31.091456, "fair_value": 29.871535, "relative_strength": 2.06744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.874466, "energy": 62.640349, "activity_lines": [ 31.927871, 31.662499, 31.354044, 31.215491 ] }, { "date": "2024-01-05", "close": 32.328758, "volume": 18443, "typical_volume": 6276.9, "trend": 31.117698, "fair_value": 29.890186, "relative_strength": 4.259265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.812742, "energy": 68.097469, "activity_lines": [ 32.087847, 31.833138, 31.46366, 31.295317 ] }, { "date": "2024-01-12", "close": 33.637653, "volume": 19489, "typical_volume": 7130.95, "trend": 31.183969, "fair_value": 29.915786, "relative_strength": 7.598052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.775719, "energy": 84.20981, "activity_lines": [ 32.635433, 32.197438, 31.685738, 31.457895 ] }, { "date": "2024-01-19", "close": 33.353111, "volume": 31096, "typical_volume": 8605.4, "trend": 31.279898, "fair_value": 29.940311, "relative_strength": 7.827701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.83883, "energy": 83.997727, "activity_lines": [ 32.965185, 32.47241, 31.864684, 31.597839 ] }, { "date": "2024-01-26", "close": 33.454422, "volume": 21110, "typical_volume": 8735.15, "trend": 31.3648, "fair_value": 29.96994, "relative_strength": 4.309336, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.039466, "energy": 85.082767, "activity_lines": [ 33.225325, 32.71855, 32.043568, 31.738131 ] }, { "date": "2024-02-02", "close": 33.984997, "volume": 13856, "typical_volume": 9304.7, "trend": 31.475999, "fair_value": 29.995135, "relative_strength": 6.324497, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.060842, "energy": 92.644804, "activity_lines": [ 33.560405, 33.020343, 32.263602, 31.907176 ] }, { "date": "2024-02-09", "close": 34.090149, "volume": 1384, "typical_volume": 9246.3, "trend": 31.599784, "fair_value": 30.016564, "relative_strength": 5.72207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.832218, "energy": 91.418723, "activity_lines": [ 33.806525, 33.291223, 32.485764, 32.075831 ] }, { "date": "2024-02-16", "close": 34.86927, "volume": 2725, "typical_volume": 9220.8, "trend": 31.740771, "fair_value": 30.04348, "relative_strength": 6.185992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.18364, "energy": 95.272308, "activity_lines": [ 34.194926, 33.658457, 32.771234, 32.286766 ] }, { "date": "2024-02-23", "close": 35.390282, "volume": 5429, "typical_volume": 9284.95, "trend": 31.864211, "fair_value": 30.081456, "relative_strength": 4.880184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.671795, "energy": 95.877001, "activity_lines": [ 34.67489, 34.064486, 33.088987, 32.522218 ] }, { "date": "2024-03-01", "close": 35.925625, "volume": 14184, "typical_volume": 9658.25, "trend": 32.038485, "fair_value": 30.12295, "relative_strength": 6.622753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.555143, "energy": 95.808482, "activity_lines": [ 35.197491, 34.502615, 33.43434, 32.784245 ] }, { "date": "2024-03-08", "close": 36.188519, "volume": 1750, "typical_volume": 9499.5, "trend": 32.22595, "fair_value": 30.162647, "relative_strength": 5.914317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.189463, "energy": 94.87223, "activity_lines": [ 35.642975, 34.915817, 33.78112, 33.051989 ] }, { "date": "2024-03-15", "close": 35.356823, "volume": 15616, "typical_volume": 10087.45, "trend": 32.412248, "fair_value": 30.191151, "relative_strength": 1.645565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.31241, "energy": 81.866408, "activity_lines": [ 35.664327, 35.103916, 34.019269, 33.253981 ] }, { "date": "2024-03-22", "close": 36.872047, "volume": 13969, "typical_volume": 10408.25, "trend": 32.632297, "fair_value": 30.229919, "relative_strength": 5.953126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.528788, "energy": 74.653004, "activity_lines": [ 36.106308, 35.512454, 34.375698, 33.54171 ] }, { "date": "2024-03-29", "close": 36.647392, "volume": 32213, "typical_volume": 11746.95, "trend": 32.81008, "fair_value": 30.269046, "relative_strength": 4.387319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.961734, "energy": 70.578769, "activity_lines": [ 36.339885, 35.821339, 34.685483, 33.800748 ] }, { "date": "2024-04-05", "close": 35.772675, "volume": 8136, "typical_volume": 12084.0, "trend": 32.953016, "fair_value": 30.302856, "relative_strength": 3.477379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.411737, "energy": 64.313862, "activity_lines": [ 36.198083, 35.911289, 34.8839, 33.991883 ] }, { "date": "2024-04-12", "close": 36.15506, "volume": 5090, "typical_volume": 11966.8, "trend": 33.080559, "fair_value": 30.339756, "relative_strength": 4.92092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.202782, "energy": 64.211017, "activity_lines": [ 36.19394, 36.028613, 35.097005, 34.198467 ] }, { "date": "2024-04-19", "close": 34.730659, "volume": 11585, "typical_volume": 12441.2, "trend": 33.178169, "fair_value": 30.371008, "relative_strength": 0.416046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.464654, "energy": 45.301468, "activity_lines": [ 35.717226, 35.847499, 35.151015, 34.304925 ] }, { "date": "2024-04-26", "close": 34.783234, "volume": 27647, "typical_volume": 13594.15, "trend": 33.296659, "fair_value": 30.406253, "relative_strength": -0.451429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.96499, "energy": 27.180621, "activity_lines": [ 35.299782, 35.664299, 35.195118, 34.408477 ] }, { "date": "2024-05-03", "close": 35.495438, "volume": 9018, "typical_volume": 13647.85, "trend": 33.463866, "fair_value": 30.443683, "relative_strength": 3.009709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.090569, "energy": 25.438905, "activity_lines": [ 35.258993, 35.612155, 35.292809, 34.550334 ] }, { "date": "2024-05-10", "close": 35.003113, "volume": 7352, "typical_volume": 13124.0, "trend": 33.59838, "fair_value": 30.483704, "relative_strength": -1.744889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.136966, "energy": 25.365546, "activity_lines": [ 35.130893, 35.468585, 35.326027, 34.64964 ] }, { "date": "2024-05-17", "close": 35.060467, "volume": 7605, "typical_volume": 13384.85, "trend": 33.766738, "fair_value": 30.522264, "relative_strength": -1.0615, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.267045, "energy": 20.047546, "activity_lines": [ 35.073215, 35.352216, 35.350052, 34.743968 ] }, { "date": "2024-05-24", "close": 34.96965, "volume": 8155, "typical_volume": 12870.45, "trend": 33.93602, "fair_value": 30.557543, "relative_strength": -0.504738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.865638, "energy": 12.615745, "activity_lines": [ 35.058238, 35.239845, 35.351449, 34.821576 ] }, { "date": "2024-05-31", "close": 35.103493, "volume": 8121, "typical_volume": 12302.05, "trend": 34.053804, "fair_value": 30.591388, "relative_strength": 1.110478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.828284, "energy": 12.533302, "activity_lines": [ 35.071942, 35.158848, 35.353016, 34.896896 ] }, { "date": "2024-06-07", "close": 35.366383, "volume": 2783, "typical_volume": 10886.4, "trend": 34.20754, "fair_value": 30.626627, "relative_strength": 1.732836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.90827, "energy": 11.011445, "activity_lines": [ 35.151926, 35.157806, 35.372641, 34.981579 ] }, { "date": "2024-06-14", "close": 35.070026, "volume": 12362, "typical_volume": 10449.0, "trend": 34.336222, "fair_value": 30.660083, "relative_strength": 7.397405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.29657, "energy": 13.666854, "activity_lines": [ 35.141727, 35.126171, 35.354455, 35.037223 ] }, { "date": "2024-06-21", "close": 34.568142, "volume": 12637, "typical_volume": 10388.05, "trend": 34.447385, "fair_value": 30.688812, "relative_strength": 3.99434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.449411, "energy": 5.321093, "activity_lines": [ 34.959773, 35.01606, 35.280776, 35.052186 ] }, { "date": "2024-06-28", "close": 35.729652, "volume": 3449, "typical_volume": 10491.3, "trend": 34.585092, "fair_value": 30.725452, "relative_strength": 9.34262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.615848, "energy": 18.231193, "activity_lines": [ 35.197811, 35.145986, 35.314941, 35.134913 ] }, { "date": "2024-07-05", "close": 36.083366, "volume": 5865, "typical_volume": 10648.3, "trend": 34.728109, "fair_value": 30.762879, "relative_strength": 7.417066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.274881, "energy": 26.9352, "activity_lines": [ 35.503087, 35.32206, 35.374986, 35.231575 ] }, { "date": "2024-07-12", "close": 36.647392, "volume": 6270, "typical_volume": 10690.35, "trend": 34.88961, "fair_value": 30.804982, "relative_strength": 8.111247, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.815906, "energy": 56.065384, "activity_lines": [ 35.931046, 35.577045, 35.482966, 35.3554 ] }, { "date": "2024-07-19", "close": 35.987766, "volume": 4724, "typical_volume": 10217.35, "trend": 35.025013, "fair_value": 30.841072, "relative_strength": 8.5286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.693267, "energy": 59.234227, "activity_lines": [ 36.053729, 35.691153, 35.522138, 35.426249 ] }, { "date": "2024-07-26", "close": 35.275562, "volume": 19821, "typical_volume": 11120.9, "trend": 35.130038, "fair_value": 30.876166, "relative_strength": 6.407957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.476216, "energy": 47.537703, "activity_lines": [ 35.877829, 35.657868, 35.493185, 35.442413 ] }, { "date": "2024-08-02", "close": 33.07375, "volume": 13179, "typical_volume": 10999.05, "trend": 35.154871, "fair_value": 30.89381, "relative_strength": 3.260023, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -41.240471, "energy": 26.110972, "activity_lines": [ 34.92083, 35.220342, 35.258884, 35.30975 ] }, { "date": "2024-08-09", "close": 33.525097, "volume": 49554, "typical_volume": 12778.3, "trend": 35.151119, "fair_value": 30.912475, "relative_strength": 4.208218, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.132946, "energy": 40.946081, "activity_lines": [ 34.29134, 34.89935, 35.078439, 35.204603 ] }, { "date": "2024-08-16", "close": 35.530083, "volume": 12129, "typical_volume": 11774.1, "trend": 35.223684, "fair_value": 30.948645, "relative_strength": 7.485245, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.579345, "energy": 26.078124, "activity_lines": [ 34.50073, 34.971599, 35.104884, 35.229052 ] }, { "date": "2024-08-23", "close": 36.143257, "volume": 2048, "typical_volume": 11469.7, "trend": 35.313312, "fair_value": 30.98579, "relative_strength": 7.231663, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.879408, "energy": 22.804485, "activity_lines": [ 34.988998, 35.152357, 35.195046, 35.28838 ] }, { "date": "2024-08-30", "close": 36.688301, "volume": 6975, "typical_volume": 11563.95, "trend": 35.403422, "fair_value": 31.017942, "relative_strength": 7.839024, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.088965, "energy": 15.797859, "activity_lines": [ 35.648582, 35.412702, 35.335353, 35.377089 ] }, { "date": "2024-09-06", "close": 34.60059, "volume": 27907, "typical_volume": 12380.05, "trend": 35.420437, "fair_value": 31.0308, "relative_strength": 5.394372, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.857165, "energy": 15.846825, "activity_lines": [ 35.518079, 35.254914, 35.274291, 35.325293 ] }, { "date": "2024-09-13", "close": 35.695541, "volume": 29695, "typical_volume": 12482.45, "trend": 35.447979, "fair_value": 31.04901, "relative_strength": 6.900247, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.636556, "energy": 11.277181, "activity_lines": [ 35.650771, 35.316737, 35.318129, 35.343042 ] }, { "date": "2024-09-20", "close": 36.002132, "volume": 11438, "typical_volume": 12603.45, "trend": 35.468374, "fair_value": 31.070648, "relative_strength": 7.142958, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.122337, "energy": 17.37266, "activity_lines": [ 35.740964, 35.441355, 35.386823, 35.378793 ] }, { "date": "2024-09-27", "close": 36.371983, "volume": 5987, "typical_volume": 12535.2, "trend": 35.483253, "fair_value": 31.101767, "relative_strength": 4.063615, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.043186, "energy": 19.764611, "activity_lines": [ 35.92297, 35.64495, 35.488327, 35.437091 ] }, { "date": "2024-10-04", "close": 36.839161, "volume": 4666, "typical_volume": 12388.25, "trend": 35.504941, "fair_value": 31.139861, "relative_strength": 8.635863, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.161431, "energy": 46.788057, "activity_lines": [ 36.245454, 35.926501, 35.627806, 35.524569 ] }, { "date": "2024-10-11", "close": 36.629902, "volume": 6915, "typical_volume": 12326.25, "trend": 35.547377, "fair_value": 31.173688, "relative_strength": 7.308949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.326703, "energy": 49.863011, "activity_lines": [ 36.488127, 36.141576, 35.738885, 35.597147 ] }, { "date": "2024-10-18", "close": 36.406048, "volume": 18083, "typical_volume": 12824.35, "trend": 35.531844, "fair_value": 31.208625, "relative_strength": 5.988941, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.435321, "energy": 49.092577, "activity_lines": [ 36.520895, 36.251293, 35.82074, 35.652545 ] }, { "date": "2024-10-25", "close": 35.140762, "volume": 16349, "typical_volume": 13502.65, "trend": 35.481623, "fair_value": 31.234106, "relative_strength": 3.754005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.269066, "energy": 22.103881, "activity_lines": [ 36.084534, 36.078577, 35.775888, 35.627314 ] }, { "date": "2024-11-01", "close": 35.160233, "volume": 5904, "typical_volume": 13179.75, "trend": 35.461208, "fair_value": 31.254297, "relative_strength": 4.931722, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.892257, "energy": 11.680451, "activity_lines": [ 35.712088, 35.91648, 35.733965, 35.606579 ] }, { "date": "2024-11-08", "close": 36.493637, "volume": 16279, "typical_volume": 13361.85, "trend": 35.472494, "fair_value": 31.282041, "relative_strength": 9.673227, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.58479, "energy": 20.598719, "activity_lines": [ 35.864893, 36.014693, 35.818603, 35.673187 ] }, { "date": "2024-11-15", "close": 36.109192, "volume": 4718, "typical_volume": 13425.3, "trend": 35.518445, "fair_value": 31.305009, "relative_strength": 9.246001, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.678492, "energy": 18.829823, "activity_lines": [ 35.912585, 36.046546, 35.857458, 35.714265 ] }, { "date": "2024-11-22", "close": 36.814831, "volume": 10693, "typical_volume": 13666.7, "trend": 35.586165, "fair_value": 31.341426, "relative_strength": 11.232873, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.668135, "energy": 32.514456, "activity_lines": [ 36.230204, 36.179268, 35.96171, 35.797902 ] }, { "date": "2024-11-29", "close": 37.101948, "volume": 13626, "typical_volume": 14034.5, "trend": 35.639715, "fair_value": 31.378659, "relative_strength": 12.018334, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.14171, "energy": 57.589629, "activity_lines": [ 36.616276, 36.343843, 36.089823, 35.895695 ] }, { "date": "2024-12-06", "close": 37.919518, "volume": 10668, "typical_volume": 14331.7, "trend": 35.736929, "fair_value": 31.417884, "relative_strength": 11.119042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.285223, "energy": 74.868216, "activity_lines": [ 37.144126, 36.63707, 36.293635, 36.042779 ] }, { "date": "2024-12-13", "close": 37.359875, "volume": 36984, "typical_volume": 15189.85, "trend": 35.813576, "fair_value": 31.452557, "relative_strength": 9.343146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.323287, "energy": 73.853666, "activity_lines": [ 37.301476, 36.800407, 36.434949, 36.147485 ] }, { "date": "2024-12-20", "close": 36.634769, "volume": 16856, "typical_volume": 15373.7, "trend": 35.86908, "fair_value": 31.484746, "relative_strength": 8.840769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.294757, "energy": 66.240087, "activity_lines": [ 37.159375, 36.822438, 36.497281, 36.200465 ] }, { "date": "2024-12-27", "close": 37.296608, "volume": 944, "typical_volume": 12943.2, "trend": 35.942184, "fair_value": 31.52229, "relative_strength": 9.219938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.926068, "energy": 58.344121, "activity_lines": [ 37.202848, 36.964716, 36.605687, 36.292564 ] }, { "date": "2025-01-03", "close": 37.36961, "volume": 10783, "typical_volume": 12875.9, "trend": 36.008958, "fair_value": 31.561532, "relative_strength": 10.179256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.677516, "energy": 40.932785, "activity_lines": [ 37.238537, 37.104075, 36.703086, 36.384656 ] }, { "date": "2025-01-10", "close": 36.586105, "volume": 8244, "typical_volume": 13185.7, "trend": 36.059494, "fair_value": 31.595165, "relative_strength": 5.527033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.472083, "energy": 25.39223, "activity_lines": [ 36.995213, 37.060453, 36.717106, 36.421891 ] }, { "date": "2025-01-17", "close": 36.931625, "volume": 857, "typical_volume": 12879.8, "trend": 36.138277, "fair_value": 31.634701, "relative_strength": 2.560433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.307263, "energy": 24.479961, "activity_lines": [ 36.955957, 37.053729, 36.761924, 36.478158 ] }, { "date": "2025-01-24", "close": 37.41827, "volume": 5430, "typical_volume": 11755.95, "trend": 36.194564, "fair_value": 31.68349, "relative_strength": 0.915767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.487801, "energy": 28.431391, "activity_lines": [ 37.107466, 37.127522, 36.85193, 36.560738 ] }, { "date": "2025-01-31", "close": 38.044365, "volume": 9629, "typical_volume": 10752.65, "trend": 36.25993, "fair_value": 31.736263, "relative_strength": 2.183438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.993954, "energy": 39.89519, "activity_lines": [ 37.41544, 37.291349, 36.988147, 36.68008 ] }, { "date": "2025-02-07", "close": 38.127861, "volume": 5665, "typical_volume": 10464.0, "trend": 36.309279, "fair_value": 31.787064, "relative_strength": 1.978222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.81679, "energy": 62.9294, "activity_lines": [ 37.701395, 37.448002, 37.121131, 36.800592 ] }, { "date": "2025-02-14", "close": 37.852814, "volume": 15657, "typical_volume": 10947.5, "trend": 36.371448, "fair_value": 31.837488, "relative_strength": -1.357915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.250223, "energy": 63.911626, "activity_lines": [ 37.845118, 37.535994, 37.217798, 36.900174 ] }, { "date": "2025-02-21", "close": 38.15733, "volume": 9851, "typical_volume": 11206.75, "trend": 36.467507, "fair_value": 31.890011, "relative_strength": -0.368122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.66563, "energy": 68.293516, "activity_lines": [ 38.005899, 37.680565, 37.336414, 37.015393 ] }, { "date": "2025-02-28", "close": 37.749676, "volume": 12797, "typical_volume": 11500.85, "trend": 36.623371, "fair_value": 31.940896, "relative_strength": -0.962509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.745425, "energy": 51.665901, "activity_lines": [ 37.949082, 37.736517, 37.40993, 37.098113 ] }, { "date": "2025-03-07", "close": 36.752644, "volume": 29663, "typical_volume": 12079.85, "trend": 36.730956, "fair_value": 31.992323, "relative_strength": -3.694211, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.895523, "energy": 20.341186, "activity_lines": [ 37.537827, 37.590921, 37.383157, 37.106453 ] }, { "date": "2025-03-14", "close": 37.022774, "volume": 26928, "typical_volume": 12608.8, "trend": 36.780712, "fair_value": 32.037515, "relative_strength": -1.981035, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.794888, "energy": 15.157337, "activity_lines": [ 37.30273, 37.504329, 37.380461, 37.12528 ] }, { "date": "2025-03-21", "close": 37.803703, "volume": 8203, "typical_volume": 12723.75, "trend": 36.83606, "fair_value": 32.085086, "relative_strength": -0.168335, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.629876, "energy": 20.571595, "activity_lines": [ 37.401615, 37.56603, 37.443177, 37.19128 ] }, { "date": "2025-03-28", "close": 36.654411, "volume": 4260, "typical_volume": 12122.8, "trend": 36.834931, "fair_value": 32.128714, "relative_strength": -1.718, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.478575, "energy": 15.025952, "activity_lines": [ 37.120677, 37.396631, 37.383849, 37.179561 ] }, { "date": "2025-04-04", "close": 32.622082, "volume": 18604, "typical_volume": 12817.1, "trend": 36.76898, "fair_value": 32.150417, "relative_strength": -4.83944, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -52.910951, "energy": 65.294598, "activity_lines": [ 35.595824, 36.499121, 36.939724, 36.907764 ] }, { "date": "2025-04-11", "close": 32.543499, "volume": 19335, "typical_volume": 13249.2, "trend": 36.663912, "fair_value": 32.173122, "relative_strength": -2.821854, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.223558, "energy": 86.959515, "activity_lines": [ 34.386616, 35.674527, 36.50472, 36.635152 ] }, { "date": "2025-04-18", "close": 34.522831, "volume": 7098, "typical_volume": 12922.8, "trend": 36.614602, "fair_value": 32.212824, "relative_strength": 0.359265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.444834, "energy": 78.740628, "activity_lines": [ 34.117795, 35.309827, 36.278563, 36.497018 ] }, { "date": "2025-04-25", "close": 35.460922, "volume": 22163, "typical_volume": 13497.55, "trend": 36.584234, "fair_value": 32.253374, "relative_strength": -0.502908, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.258903, "energy": 75.020279, "activity_lines": [ 34.328334, 35.181236, 36.15403, 36.422587 ] }, { "date": "2025-05-02", "close": 36.320431, "volume": 7935, "typical_volume": 12045.1, "trend": 36.566943, "fair_value": 32.302975, "relative_strength": -1.248803, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.330855, "energy": 42.486943, "activity_lines": [ 34.981561, 35.252407, 36.123063, 36.405567 ] }, { "date": "2025-05-09", "close": 36.683884, "volume": 10770, "typical_volume": 11740.8, "trend": 36.568742, "fair_value": 32.353372, "relative_strength": -0.110525, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.981242, "energy": 19.106688, "activity_lines": [ 35.778205, 35.423059, 36.13166, 36.413112 ] }, { "date": "2025-05-16", "close": 37.23888, "volume": 2417, "typical_volume": 11814.45, "trend": 36.596503, "fair_value": 32.40771, "relative_strength": -0.610011, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.77262, "energy": 20.770885, "activity_lines": [ 36.48906, 35.713998, 36.192879, 36.456347 ] }, { "date": "2025-05-23", "close": 36.845959, "volume": 8997, "typical_volume": 11725.15, "trend": 36.653343, "fair_value": 32.457906, "relative_strength": 0.097726, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.506092, "energy": 20.95595, "activity_lines": [ 36.755917, 35.924656, 36.216953, 36.472441 ] }, { "date": "2025-05-30", "close": 37.391136, "volume": 594, "typical_volume": 11342.65, "trend": 36.727706, "fair_value": 32.515434, "relative_strength": 1.173139, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.893015, "energy": 23.916331, "activity_lines": [ 37.049624, 36.237651, 36.295442, 36.52004 ] }, { "date": "2025-06-06", "close": 37.17012, "volume": 10919, "typical_volume": 11845.75, "trend": 36.750256, "fair_value": 32.573551, "relative_strength": -0.245462, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.281353, "energy": 24.74904, "activity_lines": [ 37.140978, 36.517963, 36.349048, 36.548583 ] }, { "date": "2025-06-13", "close": 36.669151, "volume": 2575, "typical_volume": 11703.0, "trend": 36.768921, "fair_value": 32.63663, "relative_strength": -0.090115, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.016449, "energy": 18.785042, "activity_lines": [ 37.008696, 36.697813, 36.353807, 36.54335 ] }, { "date": "2025-06-20", "close": 36.148529, "volume": 2624, "typical_volume": 11352.75, "trend": 36.746711, "fair_value": 32.693363, "relative_strength": -0.368393, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -19.855937, "energy": 14.051214, "activity_lines": [ 36.703856, 36.709422, 36.312551, 36.503325 ] }, { "date": "2025-06-27", "close": 37.224148, "volume": 6014, "typical_volume": 11370.2, "trend": 36.750784, "fair_value": 32.75702, "relative_strength": 1.211648, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.37017, "energy": 8.189273, "activity_lines": [ 36.830246, 36.851052, 36.382762, 36.534128 ] }, { "date": "2025-07-04", "close": 36.448132, "volume": 5876, "typical_volume": 10881.15, "trend": 36.701738, "fair_value": 32.807941, "relative_strength": -0.972955, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.527238, "energy": 5.298669, "activity_lines": [ 36.672751, 36.802473, 36.38337, 36.514602 ] }, { "date": "2025-07-11", "close": 35.755611, "volume": 414, "typical_volume": 10409.3, "trend": 36.648263, "fair_value": 32.856607, "relative_strength": -4.436779, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.865515, "energy": 24.991785, "activity_lines": [ 36.347282, 36.610032, 36.324713, 36.453561 ] }, { "date": "2025-07-18", "close": 35.789993, "volume": 4294, "typical_volume": 9984.15, "trend": 36.620103, "fair_value": 32.900629, "relative_strength": -4.186354, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.406527, "energy": 32.954759, "activity_lines": [ 36.127575, 36.434112, 36.280767, 36.398189 ] }, { "date": "2025-07-25", "close": 37.273258, "volume": 36, "typical_volume": 8502.8, "trend": 36.619325, "fair_value": 32.950399, "relative_strength": -0.393336, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.853257, "energy": 12.300051, "activity_lines": [ 36.4609, 36.544128, 36.387416, 36.440328 ] }, { "date": "2025-08-01", "close": 36.998219, "volume": 8860, "typical_volume": 7599.4, "trend": 36.606945, "fair_value": 33.000018, "relative_strength": 2.509399, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.357188, "energy": 11.283003, "activity_lines": [ 36.627564, 36.603513, 36.465392, 36.464773 ] }, { "date": "2025-08-08", "close": 38.730217, "volume": 730, "typical_volume": 7225.75, "trend": 36.678416, "fair_value": 33.05695, "relative_strength": 4.41634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 49.753156, "energy": 54.06114, "activity_lines": [ 37.386622, 36.975038, 36.708437, 36.601758 ] }, { "date": "2025-08-15", "close": 39.191643, "volume": 1412, "typical_volume": 7083.35, "trend": 36.75375, "fair_value": 33.11663, "relative_strength": 3.180715, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 81.676627, "energy": 82.113648, "activity_lines": [ 38.14735, 37.406112, 36.991015, 36.763902 ] }, { "date": "2025-08-22", "close": 39.61338, "volume": 4781, "typical_volume": 6392.2, "trend": 36.82692, "fair_value": 33.180596, "relative_strength": 3.602651, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.579913, "energy": 88.738028, "activity_lines": [ 38.819588, 37.87711, 37.301677, 36.948394 ] }, { "date": "2025-08-29", "close": 39.419876, "volume": 45, "typical_volume": 5427.7, "trend": 36.87277, "fair_value": 33.250154, "relative_strength": 6.521522, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.036733, "energy": 89.207314, "activity_lines": [ 39.172432, 38.259394, 37.560617, 37.115681 ] }, { "date": "2025-09-05", "close": 39.067604, "volume": 3140, "typical_volume": 5229.8, "trend": 36.904095, "fair_value": 33.318169, "relative_strength": 5.807376, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.112562, "energy": 84.91091, "activity_lines": [ 39.264744, 38.51815, 37.753264, 37.257284 ] }, { "date": "2025-09-12", "close": 39.911079, "volume": 6594, "typical_volume": 4451.35, "trend": 36.972704, "fair_value": 33.395649, "relative_strength": 5.87853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.425214, "energy": 84.837936, "activity_lines": [ 39.500256, 38.896747, 38.0046, 37.451282 ] }, { "date": "2025-09-19", "close": 39.861458, "volume": 5911, "typical_volume": 4350.15, "trend": 37.029508, "fair_value": 33.472901, "relative_strength": 5.249433, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.625107, "energy": 71.141709, "activity_lines": [ 39.640503, 39.20336, 38.230018, 37.637654 ] }, { "date": "2025-09-26", "close": 39.836655, "volume": 304, "typical_volume": 3826.85, "trend": 37.099074, "fair_value": 33.55417, "relative_strength": 4.791148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.974851, "energy": 63.430025, "activity_lines": [ 39.727829, 39.430811, 38.436213, 37.81876 ] }, { "date": "2025-10-03", "close": 40.377464, "volume": 3186, "typical_volume": 3865.3, "trend": 37.219902, "fair_value": 33.636132, "relative_strength": 3.396653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.729256, "energy": 71.262688, "activity_lines": [ 39.980538, 39.683016, 38.678899, 38.030269 ] }, { "date": "2025-10-10", "close": 39.39011, "volume": 271, "typical_volume": 3429.0, "trend": 37.298813, "fair_value": 33.715732, "relative_strength": 2.893913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.827599, "energy": 54.87795, "activity_lines": [ 39.840291, 39.699261, 38.812607, 38.170282 ] }, { "date": "2025-10-17", "close": 40.585854, "volume": 789, "typical_volume": 3438.75, "trend": 37.391551, "fair_value": 33.803475, "relative_strength": 2.619833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.384963, "energy": 58.106395, "activity_lines": [ 40.077125, 39.889426, 39.04808, 38.38235 ] }, { "date": "2025-10-24", "close": 47.669422, "volume": 1450, "typical_volume": 2965.3, "trend": 37.758718, "fair_value": 33.935074, "relative_strength": 19.251478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.483534, "energy": 93.147477, "activity_lines": [ 42.630163, 41.333773, 39.942965, 39.045438 ] }, { "date": "2025-10-31", "close": 41.90564, "volume": 2566, "typical_volume": 2964.85, "trend": 38.06817, "fair_value": 34.027309, "relative_strength": 6.008425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.911134, "energy": 61.70031, "activity_lines": [ 42.741409, 41.576018, 40.238922, 39.312981 ] }, { "date": "2025-11-07", "close": 41.290401, "volume": 651, "typical_volume": 2866.2, "trend": 38.359734, "fair_value": 34.109096, "relative_strength": 6.604245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.543443, "energy": 61.224609, "activity_lines": [ 42.509643, 41.664725, 40.451349, 39.520867 ] }, { "date": "2025-11-14", "close": 41.975101, "volume": 1042, "typical_volume": 2617.6, "trend": 38.608143, "fair_value": 34.196555, "relative_strength": 5.384092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.69032, "energy": 57.41886, "activity_lines": [ 42.445248, 41.843912, 40.704501, 39.754117 ] }, { "date": "2025-11-21", "close": 40.590813, "volume": 2299, "typical_volume": 2438.75, "trend": 38.779139, "fair_value": 34.270337, "relative_strength": 4.29725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.880306, "energy": 32.563198, "activity_lines": [ 41.747092, 41.718548, 40.803192, 39.882031 ] }, { "date": "2025-11-28", "close": 41.483902, "volume": 3909, "typical_volume": 2613.5, "trend": 38.951255, "fair_value": 34.352618, "relative_strength": 4.762688, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.706141, "energy": 22.561051, "activity_lines": [ 41.3463, 41.743204, 40.967213, 40.056532 ] }, { "date": "2025-12-05", "close": 41.622826, "volume": 796, "typical_volume": 2438.6, "trend": 39.115886, "fair_value": 34.437073, "relative_strength": 5.206976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.77928, "energy": 21.575942, "activity_lines": [ 41.404185, 41.763621, 41.117186, 40.228891 ] }, { "date": "2025-12-12", "close": 41.493824, "volume": 1027, "typical_volume": 2488.15, "trend": 39.257717, "fair_value": 34.526131, "relative_strength": 5.438605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.323013, "energy": 18.910846, "activity_lines": [ 41.437924, 41.728106, 41.227098, 40.382307 ] }, { "date": "2025-12-19", "close": 41.434288, "volume": 312, "typical_volume": 2060.75, "trend": 39.410662, "fair_value": 34.613256, "relative_strength": 4.199029, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.547389, "energy": 20.964767, "activity_lines": [ 41.438255, 41.66147, 41.311242, 40.52273 ] }, { "date": "2025-12-26", "close": 41.543442, "volume": 2008, "typical_volume": 2124.65, "trend": 39.549072, "fair_value": 34.702393, "relative_strength": 5.066629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.996875, "energy": 20.565898, "activity_lines": [ 41.511026, 41.577512, 41.384658, 40.660329 ] }, { "date": "2026-01-02", "close": 41.583134, "volume": 620, "typical_volume": 2085.05, "trend": 39.696172, "fair_value": 34.791218, "relative_strength": 4.014741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.320638, "energy": 21.928001, "activity_lines": [ 41.533518, 41.483361, 41.448458, 40.791559 ] }, { "date": "2026-01-09", "close": 43.711658, "volume": 2498, "typical_volume": 1970.9, "trend": 39.930923, "fair_value": 34.890048, "relative_strength": 7.028676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.668913, "energy": 37.005898, "activity_lines": [ 42.258903, 41.886874, 41.703586, 41.050623 ] }, { "date": "2026-01-16", "close": 44.396362, "volume": 2120, "typical_volume": 2074.65, "trend": 40.20585, "fair_value": 34.991058, "relative_strength": 9.809782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.251487, "energy": 58.891598, "activity_lines": [ 43.073268, 42.382042, 42.004408, 41.338715 ] }, { "date": "2026-01-23", "close": 43.086498, "volume": 4847, "typical_volume": 2160.0, "trend": 40.401262, "fair_value": 35.079969, "relative_strength": 7.84466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.426798, "energy": 68.319771, "activity_lines": [ 43.257508, 42.58258, 42.156784, 41.524564 ] }, { "date": "2026-01-30", "close": 43.48, "volume": 902, "typical_volume": 1875.4, "trend": 40.635658, "fair_value": 35.172426, "relative_strength": 8.809844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.174337, "energy": 80.607463, "activity_lines": [ 43.462769, 42.834458, 42.327498, 41.723192 ] }, { "date": "2026-02-06", "close": 45.294998, "volume": 501, "typical_volume": 1604.9, "trend": 40.953637, "fair_value": 35.27426, "relative_strength": 11.03311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.823408, "energy": 89.260799, "activity_lines": [ 44.143924, 43.363804, 42.654075, 42.023795 ] }, { "date": "2026-02-13", "close": 47.459999, "volume": 2065, "typical_volume": 1692.95, "trend": 41.342638, "fair_value": 35.393585, "relative_strength": 15.323207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.94743, "energy": 95.689064, "activity_lines": [ 45.29929, 44.217494, 43.160968, 42.44356 ] }, { "date": "2026-02-20", "close": 46.564999, "volume": 1674, "typical_volume": 1617.35, "trend": 41.652362, "fair_value": 35.507413, "relative_strength": 10.103742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.629027, "energy": 92.102286, "activity_lines": [ 45.906432, 44.802327, 43.546322, 42.780486 ] }, { "date": "2026-02-27", "close": 47.240002, "volume": 4231, "typical_volume": 1815.35, "trend": 41.993755, "fair_value": 35.624214, "relative_strength": 10.485964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.093287, "energy": 91.939336, "activity_lines": [ 46.594, 45.417684, 43.966497, 43.140979 ] }, { "date": "2026-03-06", "close": 44.455002, "volume": 11187, "typical_volume": 2335.25, "trend": 42.184581, "fair_value": 35.723041, "relative_strength": 11.166573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.760113, "energy": 66.09112, "activity_lines": [ 46.076334, 45.421119, 44.084053, 43.299769 ] }, { "date": "2026-03-13", "close": 43.994999, "volume": 19543, "typical_volume": 3239.9, "trend": 42.344693, "fair_value": 35.823106, "relative_strength": 10.751831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.937108, "energy": 45.706566, "activity_lines": [ 45.340334, 45.28798, 44.139376, 43.416571 ] }, { "date": "2026-03-20", "close": 42.794998, "volume": 5767, "typical_volume": 3399.95, "trend": 42.450747, "fair_value": 35.913791, "relative_strength": 10.812399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.540387, "energy": 19.156548, "activity_lines": [ 44.291, 44.892806, 44.097909, 43.445622 ] }, { "date": "2026-03-27", "close": 42.68, "volume": 2991, "typical_volume": 3516.95, "trend": 42.559418, "fair_value": 36.000578, "relative_strength": 9.612127, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.15734, "energy": 23.861263, "activity_lines": [ 43.514333, 44.493391, 44.041256, 43.460413 ] }, { "date": "2026-04-03", "close": 44.384998, "volume": 19291, "typical_volume": 4429.4, "trend": 42.736664, "fair_value": 36.101456, "relative_strength": 9.807094, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.303953, "energy": 23.597581, "activity_lines": [ 43.564999, 44.435181, 44.140366, 43.578192 ] }, { "date": "2026-04-10", "close": 45.169998, "volume": 4395, "typical_volume": 4534.2, "trend": 42.911961, "fair_value": 36.206403, "relative_strength": 7.366738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.829923, "energy": 21.903791, "activity_lines": [ 44.067665, 44.49609, 44.302762, 43.735182 ] }, { "date": "2026-04-17", "close": 46.200001, "volume": 845, "typical_volume": 4381.0, "trend": 43.123246, "fair_value": 36.316717, "relative_strength": 7.355373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.160776, "energy": 30.36076, "activity_lines": [ 44.865999, 44.713545, 44.541448, 43.947313 ] }, { "date": "2026-04-24", "close": 44.764999, "volume": 6956, "typical_volume": 4689.0, "trend": 43.287524, "fair_value": 36.418887, "relative_strength": 7.113971, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.835696, "energy": 31.361397, "activity_lines": [ 45.038999, 44.653636, 44.62101, 44.053233 ] }, { "date": "2026-05-01", "close": 45.549999, "volume": 6082, "typical_volume": 4941.75, "trend": 43.459942, "fair_value": 36.52383, "relative_strength": 9.184729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.519364, "energy": 41.446325, "activity_lines": [ 45.342333, 44.785454, 44.760371, 44.199199 ] }, { "date": "2026-05-08", "close": 47.040001, "volume": 9241, "typical_volume": 5388.2, "trend": 43.714939, "fair_value": 36.633086, "relative_strength": 12.341913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.700063, "energy": 59.293611, "activity_lines": [ 45.951, 45.206636, 45.022322, 44.43017 ] }, { "date": "2026-05-15", "close": 47.325001, "volume": 34697, "typical_volume": 7022.65, "trend": 43.939577, "fair_value": 36.741218, "relative_strength": 14.77115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.288963, "energy": 65.013491, "activity_lines": [ 46.477667, 45.683272, 45.284721, 44.663078 ] }, { "date": "2026-05-22", "close": 47.59, "volume": 5978, "typical_volume": 7290.55, "trend": 43.936929, "fair_value": 36.851169, "relative_strength": 12.633432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.318878, "energy": 70.324661, "activity_lines": [ 46.949, 46.155909, 45.544828, 44.898589 ] }, { "date": "2026-05-29", "close": 48.009998, "volume": 12851, "typical_volume": 7808.2, "trend": 44.140408, "fair_value": 36.958543, "relative_strength": 12.256346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.407663, "energy": 75.317871, "activity_lines": [ 47.467666, 46.639545, 45.81633, 45.161367 ] }, { "date": "2026-06-05", "close": 48.25, "volume": 48, "typical_volume": 7704.6, "trend": 44.372395, "fair_value": 37.065648, "relative_strength": 11.881993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.092147, "energy": 79.753502, "activity_lines": [ 47.85, 47.072, 46.090221, 45.426502 ] }, { "date": "2026-06-12", "close": 48.244999, "volume": 768, "typical_volume": 7500.65, "trend": 44.581391, "fair_value": 37.17203, "relative_strength": 9.689454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.232206, "energy": 78.483748, "activity_lines": [ 48.050666, 47.402272, 46.345285, 45.676348 ] }, { "date": "2026-06-19", "close": 50.685001, "volume": 149, "typical_volume": 7463.0, "trend": 44.917864, "fair_value": 37.301579, "relative_strength": 13.753802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.278114, "energy": 90.614158, "activity_lines": [ 48.984333, 48.106, 46.808166, 46.070129 ] }, { "date": "2026-06-26", "close": 49.494999, "volume": 74, "typical_volume": 7441.65, "trend": 45.184901, "fair_value": 37.420731, "relative_strength": 11.134061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.298118, "energy": 83.330796, "activity_lines": [ 49.297333, 48.493091, 47.123404, 46.365428 ] }, { "date": "2026-07-03", "close": 49.532661, "volume": 39, "typical_volume": 7340.35, "trend": 45.448562, "fair_value": 37.54178, "relative_strength": 9.178839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.169709, "energy": 84.505289, "activity_lines": [ 49.495887, 48.82712, 47.422229, 46.645929 ] }, { "date": "2026-07-10", "close": 49.795551, "volume": 3397, "typical_volume": 7426.5, "trend": 45.725286, "fair_value": 37.66626, "relative_strength": 11.419642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.691211, "energy": 82.956147, "activity_lines": [ 49.68056, 49.122263, 47.736221, 46.92638 ] }, { "date": "2026-07-17", "close": 47.439453, "volume": 1968, "typical_volume": 7313.35, "trend": 45.925458, "fair_value": 37.773951, "relative_strength": 5.727253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.988865, "energy": 48.527855, "activity_lines": [ 48.97683, 48.911832, 47.81044, 47.036971 ] }, { "date": "2026-07-24", "close": 48.510857, "volume": 3629, "typical_volume": 6935.45, "trend": 46.157705, "fair_value": 37.881796, "relative_strength": 7.285344, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.697232, "energy": 35.938978, "activity_lines": [ 48.683938, 48.88894, 47.985747, 47.203771 ] }, { "date": "2026-07-31", "close": 48.049999, "volume": 3150, "typical_volume": 6115.8, "trend": 46.373268, "fair_value": 37.993031, "relative_strength": 4.274713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.646989, "energy": 24.125595, "activity_lines": [ 48.38237, 48.760694, 48.097849, 47.325854 ] }, { "date": "2026-08-07", "close": 50.314999, "volume": 12298, "typical_volume": 6442.35, "trend": 46.593379, "fair_value": 38.119636, "relative_strength": 6.326654, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.695753, "energy": 32.742904, "activity_lines": [ 48.932135, 49.035902, 48.406356, 47.58016 ] } ], "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." } } }