{ "ticker": { "uuid": "2cfe39aa-9729-41de-9068-2c6343112939", "symbol": "AMAX", "name": "Hamilton Gold Producer YIELD MAXIMIZER ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 77.41, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -49.399, "architecture_energy": 38.032, "architecture_maturity": 36.222, "architecture_confidence": 94.115, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.72, "rotation_up": 26.69, "upward_expansion": 7.59, "deceleration": 54.85, "rotation_down": 48.09, "downward_expansion": 78.59 }, "activity_lines": [ 30.931896, 30.937496, 32.209323, 33.471051 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 34.200001, "trend_reference": 35.244418, "distance_from_trend": -0.029634, "trend_direction": "Weakening", "fair_value": 24.195131, "distance_from_fair_value": 0.413508, "fair_value_direction": "Weakening", "relative_strength": -9.31054, "relative_strength_direction": "Weakening", "price_momentum": -0.089304, "excess_performance": -0.209726, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.029634, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.022315, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.413508, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.144605, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.093105, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.137503, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.089304, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.475954, "read": "Supply-led" } ], "volume": { "latest": 345400, "relative_activity": 0.802034, "balance": 0.475954, "dry_up": 0.913202, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.077005, "annualized_volatility": 0.553173, "from_high_reference": -0.233171, "from_low_reference": 0.379144 }, "levels": { "trend_reference": 35.244418, "fair_value_reference": 24.195131, "structural_low": 27.717083, "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": 1, "median_return": -0.146756, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.155192, "regime_survival": 1.0, "best_return": -0.146756, "worst_return": -0.146756, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-11-07", "tenure": "Established", "return": 0.158949, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": 0.08459, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-03-20", "tenure": "Established", "return": -0.040793, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-06-12", "tenure": "Developing", "return": -0.070408, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.033606, "active": true } ], "chart_path": [ { "date": "2024-02-09", "close": 12.359679, "volume": 10600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 12.375656, "volume": 29000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 12.239837, "volume": 125200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 12.578574, "volume": 45600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 13.425754, "volume": 11000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 13.522573, "volume": 18800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 13.44189, "volume": 16200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 14.179605, "volume": 11700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 15.091269, "volume": 84400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 15.441276, "volume": 121000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 15.359877, "volume": 45500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 15.359877, "volume": 31600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 14.971632, "volume": 31300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 15.800654, "volume": 9800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 16.317766, "volume": 7300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 15.890946, "volume": 41900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 15.934869, "volume": 32400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 15.247809, "volume": 74900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 15.04914, "volume": 20400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 15.388531, "volume": 16600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 15.500954, "volume": 15400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 16.361191, "volume": 27100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 17.087795, "volume": 20100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 16.870657, "volume": 59500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 16.640976, "volume": 60100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 16.749674, "volume": 34200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 16.06756, "volume": 44800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 17.01915, "volume": 45800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 17.145466, "volume": 48400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 16.745153, "volume": 47600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 15.989413, "volume": 70100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 17.611284, "volume": 42400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 17.679211, "volume": 62400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 17.587727, "volume": 40200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 17.318136, "volume": 80300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 17.733223, "volume": 66400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 19.085463, "volume": 65800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 18.862944, "volume": 43500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 18.12669, "volume": 48600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 17.798986, "volume": 93900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 16.315742, "volume": 124600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 17.462675, "volume": 82500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 17.201582, "volume": 104300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 16.988514, "volume": 51700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 17.175488, "volume": 56200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 16.384113, "volume": 81400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 16.384113, "volume": 28000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 16.833237, "volume": 36000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 17.236952, "volume": 36200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 17.438808, "volume": 114400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 17.794252, "volume": 40900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 18.41835, "volume": 83600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 18.966833, "volume": 123200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 18.922596, "volume": 185500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 19.090679, "volume": 78000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 18.84197, "volume": 142500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 19.501844, "volume": 108600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 20.331137, "volume": 136200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 20.870623, "volume": 104000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 21.124767, "volume": 100200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 19.454184, "volume": 281900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 22.184601, "volume": 264300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 22.552845, "volume": 164200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 21.690611, "volume": 249200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 20.957638, "volume": 183500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 22.559322, "volume": 254300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 20.812847, "volume": 408800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 22.043522, "volume": 219300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 22.020206, "volume": 288700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 22.676983, "volume": 390600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 23.424978, "volume": 244100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 23.069223, "volume": 196800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 22.284742, "volume": 459200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 23.062061, "volume": 196300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 23.016069, "volume": 410500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 22.491724, "volume": 441400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 23.37483, "volume": 457500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 23.211594, "volume": 1132200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 25.401016, "volume": 488100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 25.512342, "volume": 588800, "typical_volume": 365985.0, "trend": 21.522146, "fair_value": 18.113056, "relative_strength": 17.076949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.17795, "energy": 86.147353, "activity_lines": [ 24.536129, 23.849922, 23.16957, 22.532463 ] }, { "date": "2025-08-22", "close": 26.347292, "volume": 621600, "typical_volume": 382970.0, "trend": 21.807248, "fair_value": 18.214713, "relative_strength": 18.518711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.168278, "energy": 92.70914, "activity_lines": [ 25.319126, 24.370365, 23.527401, 22.843763 ] }, { "date": "2025-08-29", "close": 26.796974, "volume": 771500, "typical_volume": 408330.0, "trend": 22.086535, "fair_value": 18.319375, "relative_strength": 18.921249, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.932805, "energy": 93.793635, "activity_lines": [ 25.994979, 24.919434, 23.895235, 23.165681 ] }, { "date": "2025-09-05", "close": 28.040085, "volume": 858500, "typical_volume": 443045.0, "trend": 22.388977, "fair_value": 18.436492, "relative_strength": 21.575286, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.545789, "energy": 96.039376, "activity_lines": [ 26.85706, 25.626747, 24.359496, 23.549781 ] }, { "date": "2025-09-12", "close": 29.245815, "volume": 864800, "typical_volume": 473825.0, "trend": 22.733084, "fair_value": 18.565174, "relative_strength": 25.031659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.059224, "energy": 97.144331, "activity_lines": [ 27.799151, 26.448641, 24.912459, 23.992158 ] }, { "date": "2025-09-19", "close": 30.040279, "volume": 748400, "typical_volume": 502070.0, "trend": 23.098071, "fair_value": 18.700176, "relative_strength": 25.526305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.583978, "energy": 96.196243, "activity_lines": [ 28.749743, 27.302551, 25.505108, 24.46359 ] }, { "date": "2025-09-26", "close": 31.339472, "volume": 652300, "typical_volume": 521970.0, "trend": 23.514654, "fair_value": 18.847144, "relative_strength": 29.99474, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.869577, "energy": 97.263698, "activity_lines": [ 29.831538, 28.264965, 26.178239, 24.995293 ] }, { "date": "2025-10-03", "close": 32.045315, "volume": 766400, "typical_volume": 539850.0, "trend": 23.93277, "fair_value": 18.998847, "relative_strength": 28.799597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.937214, "energy": 96.181407, "activity_lines": [ 30.815801, 29.194846, 26.876783, 25.545658 ] }, { "date": "2025-10-10", "close": 31.442993, "volume": 723100, "typical_volume": 565040.0, "trend": 24.303165, "fair_value": 19.140258, "relative_strength": 28.015931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.530708, "energy": 88.655944, "activity_lines": [ 31.249401, 29.857569, 27.464476, 26.030189 ] }, { "date": "2025-10-17", "close": 32.591171, "volume": 557100, "typical_volume": 578460.0, "trend": 24.69385, "fair_value": 19.291392, "relative_strength": 30.598173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.578121, "energy": 77.741951, "activity_lines": [ 31.838866, 30.579389, 28.116759, 26.564899 ] }, { "date": "2025-10-24", "close": 30.407759, "volume": 748200, "typical_volume": 596340.0, "trend": 25.003283, "fair_value": 19.414907, "relative_strength": 20.223333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.420712, "energy": 66.310296, "activity_lines": [ 31.477504, 30.773496, 28.51076, 26.933538 ] }, { "date": "2025-10-31", "close": 29.425264, "volume": 866000, "typical_volume": 627435.0, "trend": 25.335652, "fair_value": 19.524911, "relative_strength": 16.091097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.15136, "energy": 57.040802, "activity_lines": [ 30.764145, 30.699959, 28.774376, 27.218827 ] }, { "date": "2025-11-07", "close": 29.567509, "volume": 433900, "typical_volume": 639290.0, "trend": 25.581749, "fair_value": 19.63407, "relative_strength": 17.285418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.385691, "energy": 44.617313, "activity_lines": [ 30.225814, 30.596322, 29.022968, 27.49185 ] }, { "date": "2025-11-14", "close": 31.350283, "volume": 242900, "typical_volume": 628475.0, "trend": 25.874997, "fair_value": 19.76005, "relative_strength": 21.608638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.460959, "energy": 38.085614, "activity_lines": [ 30.446929, 30.766452, 29.410403, 27.864013 ] }, { "date": "2025-11-21", "close": 30.563204, "volume": 149700, "typical_volume": 626145.0, "trend": 26.17075, "fair_value": 19.874978, "relative_strength": 18.331802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.513078, "energy": 32.413747, "activity_lines": [ 30.411864, 30.733292, 29.679709, 28.166478 ] }, { "date": "2025-11-28", "close": 34.002205, "volume": 176300, "typical_volume": 614435.0, "trend": 26.605569, "fair_value": 20.023685, "relative_strength": 25.358025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.861215, "energy": 54.27469, "activity_lines": [ 31.658331, 31.301452, 30.240819, 28.671734 ] }, { "date": "2025-12-05", "close": 32.951572, "volume": 137600, "typical_volume": 599245.0, "trend": 26.951978, "fair_value": 20.158351, "relative_strength": 20.711076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.739271, "energy": 55.102711, "activity_lines": [ 32.314958, 31.606553, 30.649554, 29.081153 ] }, { "date": "2025-12-12", "close": 34.27919, "volume": 224200, "typical_volume": 587580.0, "trend": 27.400856, "fair_value": 20.303926, "relative_strength": 23.602562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.173643, "energy": 62.328895, "activity_lines": [ 33.179036, 32.123728, 31.134919, 29.553876 ] }, { "date": "2025-12-19", "close": 35.224758, "volume": 225000, "typical_volume": 542220.0, "trend": 27.84023, "fair_value": 20.45618, "relative_strength": 24.88847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.879087, "energy": 79.473008, "activity_lines": [ 34.044192, 32.772208, 31.658414, 30.058644 ] }, { "date": "2025-12-26", "close": 35.807384, "volume": 142600, "typical_volume": 524945.0, "trend": 28.299803, "fair_value": 20.611242, "relative_strength": 24.7484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.081464, "energy": 81.278082, "activity_lines": [ 34.845258, 33.457861, 32.180191, 30.572654 ] }, { "date": "2026-01-02", "close": 34.376637, "volume": 334300, "typical_volume": 512220.0, "trend": 28.689791, "fair_value": 20.748896, "relative_strength": 19.161724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.977251, "energy": 64.879589, "activity_lines": [ 34.819796, 33.824902, 32.516152, 30.964708 ] }, { "date": "2026-01-09", "close": 37.339981, "volume": 328600, "typical_volume": 497570.0, "trend": 29.153625, "fair_value": 20.913165, "relative_strength": 25.342371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.047276, "energy": 70.312516, "activity_lines": [ 35.757154, 34.658571, 33.092126, 31.522785 ] }, { "date": "2026-01-16", "close": 38.812027, "volume": 247300, "typical_volume": 471360.0, "trend": 29.678385, "fair_value": 21.088644, "relative_strength": 27.313329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.973046, "energy": 79.296882, "activity_lines": [ 36.892633, 35.615981, 33.755948, 32.145908 ] }, { "date": "2026-01-23", "close": 41.640667, "volume": 365500, "typical_volume": 446710.0, "trend": 30.323582, "fair_value": 21.288178, "relative_strength": 34.597372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.435487, "energy": 92.998989, "activity_lines": [ 38.668803, 36.919607, 34.63195, 32.917668 ] }, { "date": "2026-01-30", "close": 36.440075, "volume": 685500, "typical_volume": 437745.0, "trend": 30.769516, "fair_value": 21.433869, "relative_strength": 21.24466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.962379, "energy": 69.55031, "activity_lines": [ 38.283715, 37.090573, 34.947893, 33.31228 ] }, { "date": "2026-02-06", "close": 37.553707, "volume": 441500, "typical_volume": 422400.0, "trend": 31.254104, "fair_value": 21.587391, "relative_strength": 21.820299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.198209, "energy": 55.841413, "activity_lines": [ 38.227658, 37.357166, 35.335638, 33.74997 ] }, { "date": "2026-02-13", "close": 39.713188, "volume": 500200, "typical_volume": 414795.0, "trend": 31.828153, "fair_value": 21.758389, "relative_strength": 25.314766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.714137, "energy": 57.499034, "activity_lines": [ 38.679624, 37.951818, 35.893269, 34.295717 ] }, { "date": "2026-02-20", "close": 41.078606, "volume": 384300, "typical_volume": 395690.0, "trend": 32.418279, "fair_value": 21.938952, "relative_strength": 25.623762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.21153, "energy": 54.77217, "activity_lines": [ 39.428515, 38.67179, 36.541066, 34.892521 ] }, { "date": "2026-02-27", "close": 44.267883, "volume": 300700, "typical_volume": 374570.0, "trend": 33.120155, "fair_value": 22.145702, "relative_strength": 31.882163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.873447, "energy": 68.164807, "activity_lines": [ 41.089393, 39.848004, 37.449587, 35.657011 ] }, { "date": "2026-03-06", "close": 39.053593, "volume": 525900, "typical_volume": 373010.0, "trend": 33.575241, "fair_value": 22.30082, "relative_strength": 19.839897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.231975, "energy": 53.099389, "activity_lines": [ 40.837027, 39.911746, 37.800438, 36.039814 ] }, { "date": "2026-03-13", "close": 36.617008, "volume": 392000, "typical_volume": 355200.0, "trend": 33.945397, "fair_value": 22.430967, "relative_strength": 13.574781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.8605, "energy": 42.162644, "activity_lines": [ 39.598231, 39.473449, 37.88846, 36.236057 ] }, { "date": "2026-03-20", "close": 31.607388, "volume": 585300, "typical_volume": 341165.0, "trend": 34.120733, "fair_value": 22.513638, "relative_strength": 1.527977, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.922166, "energy": 10.310091, "activity_lines": [ 36.752008, 38.083579, 37.469808, 36.085217 ] }, { "date": "2026-03-27", "close": 34.21941, "volume": 554800, "typical_volume": 347210.0, "trend": 34.368148, "fair_value": 22.618153, "relative_strength": 7.254584, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.467251, "energy": 19.595882, "activity_lines": [ 35.316846, 37.272851, 37.289529, 36.091584 ] }, { "date": "2026-04-03", "close": 37.512337, "volume": 415000, "typical_volume": 355815.0, "trend": 34.683889, "fair_value": 22.74996, "relative_strength": 12.860858, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.440731, "energy": 21.682193, "activity_lines": [ 35.436607, 37.144339, 37.40071, 36.294435 ] }, { "date": "2026-04-10", "close": 38.878387, "volume": 432400, "typical_volume": 369950.0, "trend": 35.004975, "fair_value": 22.891438, "relative_strength": 14.463339, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.153814, "energy": 19.017745, "activity_lines": [ 36.462086, 37.339261, 37.612647, 36.565047 ] }, { "date": "2026-04-17", "close": 39.183044, "volume": 379400, "typical_volume": 380105.0, "trend": 35.309734, "fair_value": 23.033104, "relative_strength": 12.726796, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.916114, "energy": 18.473994, "activity_lines": [ 37.600799, 37.545241, 37.814004, 36.8346 ] }, { "date": "2026-04-24", "close": 36.686813, "volume": 618300, "typical_volume": 404140.0, "trend": 35.487979, "fair_value": 23.150808, "relative_strength": 6.508453, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.579144, "energy": 18.976077, "activity_lines": [ 37.736366, 37.267738, 37.752954, 36.923444 ] }, { "date": "2026-05-01", "close": 33.365753, "volume": 900600, "typical_volume": 437960.0, "trend": 35.531993, "fair_value": 23.238115, "relative_strength": -3.365645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.708772, "energy": 4.284487, "activity_lines": [ 36.426284, 36.44143, 37.357825, 36.786526 ] }, { "date": "2026-05-08", "close": 36.381145, "volume": 773600, "typical_volume": 465390.0, "trend": 35.696598, "fair_value": 23.349497, "relative_strength": 4.4398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.258684, "energy": 10.257955, "activity_lines": [ 36.178243, 36.303608, 37.254226, 36.84131 ] }, { "date": "2026-05-15", "close": 34.053299, "volume": 545000, "typical_volume": 485510.0, "trend": 35.745336, "fair_value": 23.439445, "relative_strength": -1.915145, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.536639, "energy": 27.255689, "activity_lines": [ 35.229667, 35.885938, 36.923421, 36.735291 ] }, { "date": "2026-05-22", "close": 33.621124, "volume": 529300, "typical_volume": 495260.0, "trend": 35.852448, "fair_value": 23.524292, "relative_strength": -5.171888, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.14299, "energy": 41.006144, "activity_lines": [ 34.458705, 35.480604, 36.559809, 36.598245 ] }, { "date": "2026-05-29", "close": 35.317039, "volume": 553300, "typical_volume": 506495.0, "trend": 36.048841, "fair_value": 23.621753, "relative_strength": -1.562635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.594423, "energy": 31.730672, "activity_lines": [ 34.623842, 35.438089, 36.361311, 36.563702 ] }, { "date": "2026-06-05", "close": 31.651596, "volume": 406600, "typical_volume": 514460.0, "trend": 36.11831, "fair_value": 23.687571, "relative_strength": -10.969926, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.613049, "energy": 48.623852, "activity_lines": [ 33.658483, 34.661682, 35.823356, 36.280009 ] }, { "date": "2026-06-12", "close": 31.810101, "volume": 201600, "typical_volume": 506265.0, "trend": 36.133637, "fair_value": 23.753608, "relative_strength": -11.910783, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.470074, "energy": 61.271617, "activity_lines": [ 32.860237, 33.960782, 35.334594, 36.00206 ] }, { "date": "2026-06-19", "close": 33.088055, "volume": 15500, "typical_volume": 472765.0, "trend": 36.217799, "fair_value": 23.828886, "relative_strength": -8.581661, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.541444, "energy": 58.877009, "activity_lines": [ 32.792711, 33.595914, 35.014354, 35.805571 ] }, { "date": "2026-06-26", "close": 30.853689, "volume": 100800, "typical_volume": 455730.0, "trend": 36.112849, "fair_value": 23.885084, "relative_strength": -14.85661, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.897935, "energy": 70.856519, "activity_lines": [ 32.044747, 32.930076, 34.497279, 35.4595 ] }, { "date": "2026-07-03", "close": 32.26395, "volume": 57700, "typical_volume": 433605.0, "trend": 36.089928, "fair_value": 23.951583, "relative_strength": -11.742995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.173842, "energy": 63.476758, "activity_lines": [ 31.951365, 32.672092, 34.14642, 35.211183 ] }, { "date": "2026-07-10", "close": 30.183685, "volume": 556100, "typical_volume": 442195.0, "trend": 35.953411, "fair_value": 24.000655, "relative_strength": -17.574058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.05367, "energy": 65.072095, "activity_lines": [ 31.3681, 32.116294, 33.632912, 34.830136 ] }, { "date": "2026-07-17", "close": 28.232197, "volume": 559800, "typical_volume": 455150.0, "trend": 35.720326, "fair_value": 24.033714, "relative_strength": -22.779968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.886004, "energy": 75.422308, "activity_lines": [ 30.232201, 31.263535, 32.98543, 34.331993 ] }, { "date": "2026-07-24", "close": 29.856785, "volume": 290200, "typical_volume": 443365.0, "trend": 35.521972, "fair_value": 24.078854, "relative_strength": -18.570246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.585899, "energy": 66.606232, "activity_lines": [ 29.876357, 30.854319, 32.56903, 33.9537 ] }, { "date": "2026-07-31", "close": 29.190001, "volume": 377700, "typical_volume": 442650.0, "trend": 35.349084, "fair_value": 24.118171, "relative_strength": -20.020523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.834006, "energy": 71.128113, "activity_lines": [ 29.51367, 30.40017, 32.132922, 33.545185 ] }, { "date": "2026-08-07", "close": 34.200001, "volume": 345400, "typical_volume": 430655.0, "trend": 35.244418, "fair_value": 24.195131, "relative_strength": -9.31054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.39894, "energy": 38.032376, "activity_lines": [ 30.931896, 30.937496, 32.209323, 33.471051 ] } ], "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." } } }