{ "ticker": { "uuid": "34c3670a-8085-4b1f-8420-8337067723ec", "symbol": "VGH", "name": "Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged)", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 70.137, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.73, "architecture_energy": 70.134, "architecture_maturity": 38.952, "architecture_confidence": 72.905, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 8.22, "rotation_up": 65.44, "upward_expansion": 84.92, "deceleration": 59.87, "rotation_down": 22.38, "downward_expansion": 11.59 }, "activity_lines": [ 75.834668, 75.3744, 74.378937, 73.391727 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 77.260002, "trend_reference": 72.445076, "distance_from_trend": 0.066463, "trend_direction": "Improving", "fair_value": 63.106103, "distance_from_fair_value": 0.224287, "fair_value_direction": "Improving", "relative_strength": -3.322405, "relative_strength_direction": "Improving", "price_momentum": 0.059947, "excess_performance": -0.060475, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.066463, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022995, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.224287, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.046577, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.033224, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.034901, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.059947, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.024167, "read": "Demand-led" } ], "volume": { "latest": 18300, "relative_activity": 0.737012, "balance": 1.024167, "dry_up": 1.097463, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.014887, "annualized_volatility": 0.105038, "from_high_reference": -0.005023, "from_low_reference": 0.173533 }, "levels": { "trend_reference": 72.445076, "fair_value_reference": 63.106103, "structural_low": 66.669998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 43, "median_return": 0.0147, "positive_rate": 0.697674, "directional_follow_through": 0.697674, "median_excess_return": -0.004683, "regime_survival": 0.813953, "best_return": 0.055439, "worst_return": -0.075991, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.015798, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": -0.029795, "regime_survival": 0.615385, "best_return": 0.072749, "worst_return": -0.0439, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.049795, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": -0.022199, "regime_survival": 0.666667, "best_return": 0.090199, "worst_return": -0.131854, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.094066, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.009753, "regime_survival": 0.5, "best_return": 0.161312, "worst_return": -0.063717, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-04-19", "tenure": "Established", "return": 0.027675, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.040125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2025-01-17", "tenure": "Extended", "return": 0.099288, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.006705, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.014517, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": 0.005761, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.078469, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.074161, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": 0.029187, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": 0.038883, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-03-20", "tenure": "Extended", "return": 0.025375, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.077429, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.005708, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.067662, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 51.031673, "volume": 25900, "typical_volume": 31425.0, "trend": 50.016528, "fair_value": 48.13762, "relative_strength": 5.062401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.222091, "energy": 37.028913, "activity_lines": [ 51.838113, 51.85285, 51.245475, 50.667567 ] }, { "date": "2023-08-25", "close": 51.14753, "volume": 12600, "typical_volume": 30250.0, "trend": 50.076133, "fair_value": 48.201499, "relative_strength": 5.075123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.679833, "energy": 22.400607, "activity_lines": [ 51.502153, 51.751609, 51.285906, 50.740535 ] }, { "date": "2023-09-01", "close": 52.064671, "volume": 29800, "typical_volume": 30250.0, "trend": 50.148419, "fair_value": 48.274879, "relative_strength": 3.17377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.340701, "energy": 24.163946, "activity_lines": [ 51.589685, 51.818047, 51.404349, 50.868828 ] }, { "date": "2023-09-08", "close": 51.321297, "volume": 12600, "typical_volume": 29540.0, "trend": 50.213178, "fair_value": 48.347057, "relative_strength": 3.992374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.49352, "energy": 21.630773, "activity_lines": [ 51.487995, 51.72133, 51.44063, 50.944497 ] }, { "date": "2023-09-15", "close": 51.282681, "volume": 38400, "typical_volume": 29575.0, "trend": 50.269941, "fair_value": 48.41786, "relative_strength": 1.074152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.082987, "energy": 17.878887, "activity_lines": [ 51.414623, 51.626544, 51.466143, 51.013497 ] }, { "date": "2023-09-22", "close": 50.297966, "volume": 28700, "typical_volume": 28185.0, "trend": 50.337009, "fair_value": 48.485795, "relative_strength": 3.223219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.447928, "energy": 7.080548, "activity_lines": [ 51.057421, 51.345523, 51.392844, 51.015306 ] }, { "date": "2023-09-29", "close": 49.672485, "volume": 34900, "typical_volume": 27360.0, "trend": 50.361184, "fair_value": 48.544661, "relative_strength": 3.013283, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.941294, "energy": 25.515207, "activity_lines": [ 50.54064, 50.978862, 51.257391, 50.972433 ] }, { "date": "2023-10-06", "close": 49.604668, "volume": 32200, "typical_volume": 26355.0, "trend": 50.451786, "fair_value": 48.59457, "relative_strength": 4.255148, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.890659, "energy": 50.180686, "activity_lines": [ 50.099589, 50.658811, 51.114635, 50.923626 ] }, { "date": "2023-10-13", "close": 49.662792, "volume": 34100, "typical_volume": 25780.0, "trend": 50.538255, "fair_value": 48.643303, "relative_strength": 3.060785, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.02941, "energy": 59.076433, "activity_lines": [ 49.841913, 50.410029, 50.978361, 50.872723 ] }, { "date": "2023-10-20", "close": 48.965233, "volume": 27200, "typical_volume": 25795.0, "trend": 50.585693, "fair_value": 48.689709, "relative_strength": 3.313212, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.896889, "energy": 66.707488, "activity_lines": [ 49.462285, 50.075806, 50.77348, 50.771237 ] }, { "date": "2023-10-27", "close": 47.792942, "volume": 18100, "typical_volume": 25050.0, "trend": 50.542417, "fair_value": 48.744394, "relative_strength": 2.779586, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.954909, "energy": 77.385381, "activity_lines": [ 48.846389, 49.582686, 50.462272, 50.59106 ] }, { "date": "2023-11-03", "close": 50.360359, "volume": 26500, "typical_volume": 24025.0, "trend": 50.581514, "fair_value": 48.797478, "relative_strength": 2.239639, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.323307, "energy": 53.510096, "activity_lines": [ 49.253301, 49.615256, 50.406803, 50.579314 ] }, { "date": "2023-11-10", "close": 50.699455, "volume": 27900, "typical_volume": 23725.0, "trend": 50.615557, "fair_value": 48.846002, "relative_strength": 3.685815, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.599204, "energy": 32.766265, "activity_lines": [ 49.727386, 49.723792, 50.387619, 50.586923 ] }, { "date": "2023-11-17", "close": 51.726429, "volume": 23900, "typical_volume": 24105.0, "trend": 50.678701, "fair_value": 48.903672, "relative_strength": 2.953132, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.717133, "energy": 12.781822, "activity_lines": [ 50.470811, 50.043872, 50.465411, 50.658593 ] }, { "date": "2023-11-24", "close": 52.259285, "volume": 33500, "typical_volume": 25275.0, "trend": 50.746456, "fair_value": 48.959512, "relative_strength": 4.266641, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 31.91241, "energy": 36.325209, "activity_lines": [ 51.254278, 50.453469, 50.594366, 50.760566 ] }, { "date": "2023-12-01", "close": 52.763088, "volume": 47700, "typical_volume": 26355.0, "trend": 50.846721, "fair_value": 49.017629, "relative_strength": 3.368853, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.681176, "energy": 48.034071, "activity_lines": [ 51.986076, 50.93691, 50.764767, 50.890671 ] }, { "date": "2023-12-08", "close": 52.646832, "volume": 30300, "typical_volume": 26310.0, "trend": 50.951771, "fair_value": 49.076967, "relative_strength": 3.652367, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.342424, "energy": 66.835217, "activity_lines": [ 52.347779, 51.354393, 50.919714, 51.006807 ] }, { "date": "2023-12-15", "close": 54.051655, "volume": 36700, "typical_volume": 27125.0, "trend": 51.093384, "fair_value": 49.141854, "relative_strength": 5.266267, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.944795, "energy": 86.228546, "activity_lines": [ 53.025324, 51.97322, 51.209726, 51.2068 ] }, { "date": "2023-12-22", "close": 54.119469, "volume": 25300, "typical_volume": 27885.0, "trend": 51.257143, "fair_value": 49.208487, "relative_strength": 3.530468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.874967, "energy": 87.602919, "activity_lines": [ 53.501995, 52.523522, 51.500918, 51.402031 ] }, { "date": "2023-12-29", "close": 54.429111, "volume": 26300, "typical_volume": 28630.0, "trend": 51.402038, "fair_value": 49.27327, "relative_strength": 3.653999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.700588, "energy": 89.730583, "activity_lines": [ 53.922343, 53.049093, 51.811217, 51.606674 ] }, { "date": "2024-01-05", "close": 53.738781, "volume": 55600, "typical_volume": 30115.0, "trend": 51.521675, "fair_value": 49.33028, "relative_strength": 2.371015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.267471, "energy": 83.058157, "activity_lines": [ 53.967927, 53.349805, 52.04396, 51.757432 ] }, { "date": "2024-01-12", "close": 54.380501, "volume": 41800, "typical_volume": 31575.0, "trend": 51.627744, "fair_value": 49.394871, "relative_strength": 3.220367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.585466, "energy": 80.749699, "activity_lines": [ 54.16237, 53.659088, 52.324928, 51.941872 ] }, { "date": "2024-01-19", "close": 54.856918, "volume": 58200, "typical_volume": 32995.0, "trend": 51.772145, "fair_value": 49.462277, "relative_strength": 4.345624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.672032, "energy": 77.740858, "activity_lines": [ 54.400042, 53.981898, 52.635874, 52.150206 ] }, { "date": "2024-01-26", "close": 55.206944, "volume": 39200, "typical_volume": 34325.0, "trend": 51.885254, "fair_value": 49.53892, "relative_strength": 3.740945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.309403, "energy": 76.736624, "activity_lines": [ 54.700705, 54.292759, 52.96686, 52.371806 ] }, { "date": "2024-02-02", "close": 55.615318, "volume": 44000, "typical_volume": 34605.0, "trend": 52.04287, "fair_value": 49.61053, "relative_strength": 4.520883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.140744, "energy": 90.743705, "activity_lines": [ 55.064994, 54.614588, 53.318235, 52.612455 ] }, { "date": "2024-02-09", "close": 56.033394, "volume": 28800, "typical_volume": 34610.0, "trend": 52.182562, "fair_value": 49.681412, "relative_strength": 5.466877, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.953162, "energy": 91.548618, "activity_lines": [ 55.489561, 54.951412, 53.688795, 52.869908 ] }, { "date": "2024-02-16", "close": 55.907005, "volume": 39900, "typical_volume": 34860.0, "trend": 52.282321, "fair_value": 49.754174, "relative_strength": 3.842535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.372412, "energy": 88.505233, "activity_lines": [ 55.719024, 55.205797, 54.020007, 53.110195 ] }, { "date": "2024-02-23", "close": 57.05431, "volume": 35400, "typical_volume": 35020.0, "trend": 52.419359, "fair_value": 49.838356, "relative_strength": 4.97337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.96505, "energy": 92.65969, "activity_lines": [ 56.229155, 55.609506, 54.430797, 53.418065 ] }, { "date": "2024-03-01", "close": 57.19043, "volume": 24200, "typical_volume": 34525.0, "trend": 52.594401, "fair_value": 49.922753, "relative_strength": 4.326558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.387072, "energy": 86.840272, "activity_lines": [ 56.638167, 55.98337, 54.819077, 53.725876 ] }, { "date": "2024-03-08", "close": 57.122368, "volume": 25700, "typical_volume": 34450.0, "trend": 52.766853, "fair_value": 49.998165, "relative_strength": 3.114878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.211702, "energy": 73.615084, "activity_lines": [ 56.89226, 56.289024, 55.165029, 54.018003 ] }, { "date": "2024-03-15", "close": 57.151539, "volume": 20800, "typical_volume": 34585.0, "trend": 52.970849, "fair_value": 50.07472, "relative_strength": 2.494736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.174963, "energy": 79.231275, "activity_lines": [ 57.055605, 56.551014, 55.474916, 54.300886 ] }, { "date": "2024-03-22", "close": 58.056587, "volume": 26500, "typical_volume": 34585.0, "trend": 53.20115, "fair_value": 50.1499, "relative_strength": 3.320911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.475339, "energy": 77.998896, "activity_lines": [ 57.446091, 56.915507, 55.826433, 54.628998 ] }, { "date": "2024-03-29", "close": 58.495674, "volume": 10600, "typical_volume": 33720.0, "trend": 53.415517, "fair_value": 50.226276, "relative_strength": 3.090971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.775099, "energy": 73.03971, "activity_lines": [ 57.839633, 57.292997, 56.183119, 54.97058 ] }, { "date": "2024-04-05", "close": 57.363815, "volume": 17700, "typical_volume": 33410.0, "trend": 53.616934, "fair_value": 50.28988, "relative_strength": 0.547394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.036297, "energy": 65.559334, "activity_lines": [ 57.759799, 57.398535, 56.394884, 55.225309 ] }, { "date": "2024-04-12", "close": 55.997772, "volume": 23600, "typical_volume": 32915.0, "trend": 53.774104, "fair_value": 50.34071, "relative_strength": -0.320832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.763202, "energy": 52.380414, "activity_lines": [ 57.213057, 57.216485, 56.449705, 55.378912 ] }, { "date": "2024-04-19", "close": 55.617241, "volume": 27200, "typical_volume": 31890.0, "trend": 53.951413, "fair_value": 50.388441, "relative_strength": -0.68372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.227626, "energy": 33.087857, "activity_lines": [ 56.614445, 56.958295, 56.450482, 55.497824 ] }, { "date": "2024-04-26", "close": 56.417339, "volume": 16400, "typical_volume": 31195.0, "trend": 54.176242, "fair_value": 50.442021, "relative_strength": -0.097306, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.734146, "energy": 28.273663, "activity_lines": [ 56.384819, 56.853143, 56.513869, 55.656916 ] }, { "date": "2024-05-03", "close": 56.534435, "volume": 20600, "typical_volume": 30390.0, "trend": 54.407234, "fair_value": 50.489036, "relative_strength": 0.094316, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.474498, "energy": 27.14395, "activity_lines": [ 56.303508, 56.760002, 56.570452, 55.809057 ] }, { "date": "2024-05-10", "close": 57.861435, "volume": 13100, "typical_volume": 29780.0, "trend": 54.680522, "fair_value": 50.547076, "relative_strength": 0.656073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.95821, "energy": 27.482462, "activity_lines": [ 56.795279, 56.917587, 56.741594, 56.031909 ] }, { "date": "2024-05-17", "close": 58.681057, "volume": 26500, "typical_volume": 29790.0, "trend": 55.004383, "fair_value": 50.612169, "relative_strength": 1.24619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.341807, "energy": 51.521908, "activity_lines": [ 57.527083, 57.211993, 56.972976, 56.290008 ] }, { "date": "2024-05-24", "close": 57.949257, "volume": 13100, "typical_volume": 27665.0, "trend": 55.342927, "fair_value": 50.670292, "relative_strength": 0.536405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.057195, "energy": 58.1735, "activity_lines": [ 57.836068, 57.345006, 57.114415, 56.48 ] }, { "date": "2024-05-31", "close": 57.744347, "volume": 16200, "typical_volume": 26385.0, "trend": 55.58906, "fair_value": 50.727102, "relative_strength": 0.345199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.913433, "energy": 59.762125, "activity_lines": [ 57.921283, 57.426258, 57.216289, 56.63493 ] }, { "date": "2024-06-07", "close": 57.880947, "volume": 29100, "typical_volume": 24930.0, "trend": 55.828443, "fair_value": 50.786286, "relative_strength": 1.697979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.497123, "energy": 56.038236, "activity_lines": [ 57.963563, 57.538023, 57.315155, 56.782794 ] }, { "date": "2024-06-14", "close": 58.300529, "volume": 37900, "typical_volume": 24865.0, "trend": 56.047579, "fair_value": 50.856914, "relative_strength": 4.075266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.020736, "energy": 43.327402, "activity_lines": [ 58.055936, 57.737253, 57.439581, 56.942283 ] }, { "date": "2024-06-21", "close": 58.973782, "volume": 46100, "typical_volume": 24970.0, "trend": 56.271396, "fair_value": 50.923177, "relative_strength": 5.583228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.271169, "energy": 48.622823, "activity_lines": [ 58.343455, 58.041861, 57.613394, 57.13107 ] }, { "date": "2024-06-28", "close": 58.492413, "volume": 24500, "typical_volume": 24755.0, "trend": 56.462373, "fair_value": 50.981663, "relative_strength": 3.106328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.489979, "energy": 44.434979, "activity_lines": [ 58.451001, 58.204839, 57.72537, 57.274362 ] }, { "date": "2024-07-05", "close": 58.923149, "volume": 13000, "typical_volume": 23410.0, "trend": 56.671584, "fair_value": 51.041166, "relative_strength": 2.922757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.948972, "energy": 54.188569, "activity_lines": [ 58.665917, 58.393856, 57.866659, 57.433122 ] }, { "date": "2024-07-12", "close": 59.872734, "volume": 22400, "typical_volume": 22760.0, "trend": 56.86562, "fair_value": 51.107177, "relative_strength": 1.685225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.116358, "energy": 72.829655, "activity_lines": [ 59.118773, 58.709965, 58.084022, 57.639647 ] }, { "date": "2024-07-19", "close": 59.892311, "volume": 20900, "typical_volume": 22595.0, "trend": 57.058048, "fair_value": 51.169042, "relative_strength": 1.594314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.482488, "energy": 73.944386, "activity_lines": [ 59.44537, 58.968937, 58.289829, 57.834918 ] }, { "date": "2024-07-26", "close": 60.21537, "volume": 19700, "typical_volume": 22295.0, "trend": 57.250923, "fair_value": 51.232437, "relative_strength": 1.540908, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.485483, "energy": 79.415084, "activity_lines": [ 59.773534, 59.249722, 58.513537, 58.038616 ] }, { "date": "2024-08-02", "close": 59.520317, "volume": 16300, "typical_volume": 22070.0, "trend": 57.443641, "fair_value": 51.28897, "relative_strength": 2.935745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.107567, "energy": 65.849186, "activity_lines": [ 59.787241, 59.376237, 58.656321, 58.185028 ] }, { "date": "2024-08-09", "close": 59.441994, "volume": 10000, "typical_volume": 21245.0, "trend": 57.612358, "fair_value": 51.342595, "relative_strength": 2.324886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.901017, "energy": 48.789539, "activity_lines": [ 59.706314, 59.459947, 58.780365, 58.313954 ] }, { "date": "2024-08-16", "close": 61.067059, "volume": 11300, "typical_volume": 21280.0, "trend": 57.819362, "fair_value": 51.407058, "relative_strength": 1.677633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.839332, "energy": 56.454, "activity_lines": [ 60.132485, 59.808257, 59.052581, 58.536838 ] }, { "date": "2024-08-23", "close": 61.536957, "volume": 15200, "typical_volume": 21155.0, "trend": 58.030363, "fair_value": 51.473571, "relative_strength": 1.39343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.54232, "energy": 60.066005, "activity_lines": [ 60.635667, 60.184073, 59.357304, 58.776683 ] }, { "date": "2024-08-30", "close": 62.427799, "volume": 14500, "typical_volume": 20700.0, "trend": 58.257446, "fair_value": 51.544772, "relative_strength": 2.490685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.181961, "energy": 86.904537, "activity_lines": [ 61.326154, 60.663017, 59.726997, 59.060389 ] }, { "date": "2024-09-06", "close": 60.792946, "volume": 11300, "typical_volume": 19905.0, "trend": 58.416097, "fair_value": 51.610847, "relative_strength": 2.196706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.42025, "energy": 76.248279, "activity_lines": [ 61.324194, 60.781915, 59.91037, 59.223969 ] }, { "date": "2024-09-13", "close": 62.545273, "volume": 12700, "typical_volume": 19720.0, "trend": 58.637373, "fair_value": 51.691583, "relative_strength": 1.50542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.824941, "energy": 80.539875, "activity_lines": [ 61.821501, 61.177589, 60.235986, 59.490368 ] }, { "date": "2024-09-20", "close": 63.093483, "volume": 18300, "typical_volume": 19605.0, "trend": 58.838679, "fair_value": 51.775616, "relative_strength": 1.038848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.865211, "energy": 82.457255, "activity_lines": [ 62.29466, 61.607081, 60.584632, 59.777859 ] }, { "date": "2024-09-27", "close": 63.271854, "volume": 10400, "typical_volume": 19470.0, "trend": 59.041393, "fair_value": 51.866466, "relative_strength": 0.872858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.611078, "energy": 74.050157, "activity_lines": [ 62.692181, 62.010445, 60.919031, 60.06387 ] }, { "date": "2024-10-04", "close": 63.02634, "volume": 21400, "typical_volume": 19215.0, "trend": 59.238192, "fair_value": 51.951397, "relative_strength": -0.397905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.536649, "energy": 78.219697, "activity_lines": [ 62.892204, 62.307724, 61.204285, 60.320963 ] }, { "date": "2024-10-11", "close": 63.939625, "volume": 14800, "typical_volume": 19300.0, "trend": 59.464461, "fair_value": 52.036569, "relative_strength": -0.272852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.162465, "energy": 83.782767, "activity_lines": [ 63.356752, 62.719947, 61.555826, 60.624282 ] }, { "date": "2024-10-18", "close": 64.548485, "volume": 18200, "typical_volume": 19400.0, "trend": 59.680858, "fair_value": 52.118341, "relative_strength": -0.776346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.611384, "energy": 85.62625, "activity_lines": [ 63.814476, 63.16252, 61.936828, 60.952283 ] }, { "date": "2024-10-25", "close": 62.996883, "volume": 23000, "typical_volume": 19095.0, "trend": 59.830898, "fair_value": 52.189564, "relative_strength": -1.758787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.725781, "energy": 61.031536, "activity_lines": [ 63.621451, 63.230138, 62.137658, 61.16622 ] }, { "date": "2024-11-01", "close": 62.348747, "volume": 15000, "typical_volume": 17950.0, "trend": 59.997063, "fair_value": 52.250778, "relative_strength": -1.955504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.400994, "energy": 53.468683, "activity_lines": [ 63.218821, 63.144826, 62.252399, 61.328662 ] }, { "date": "2024-11-08", "close": 64.902016, "volume": 19500, "typical_volume": 16620.0, "trend": 60.293871, "fair_value": 52.327514, "relative_strength": -0.049413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.456035, "energy": 58.35772, "activity_lines": [ 63.728821, 63.508985, 62.591031, 61.645111 ] }, { "date": "2024-11-15", "close": 63.448616, "volume": 18700, "typical_volume": 16330.0, "trend": 60.554917, "fair_value": 52.396019, "relative_strength": -2.792641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.309699, "energy": 43.245029, "activity_lines": [ 63.629309, 63.563903, 62.763015, 61.848643 ] }, { "date": "2024-11-22", "close": 64.744896, "volume": 14600, "typical_volume": 16410.0, "trend": 60.832502, "fair_value": 52.476818, "relative_strength": -2.925698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.557561, "energy": 51.540642, "activity_lines": [ 63.994625, 63.806224, 63.034853, 62.118964 ] }, { "date": "2024-11-29", "close": 65.176979, "volume": 18900, "typical_volume": 16235.0, "trend": 61.120587, "fair_value": 52.564671, "relative_strength": -3.026572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.35492, "energy": 58.571715, "activity_lines": [ 64.490874, 64.087112, 63.320119, 62.399253 ] }, { "date": "2024-12-06", "close": 64.833267, "volume": 21700, "typical_volume": 16275.0, "trend": 61.352981, "fair_value": 52.637104, "relative_strength": -3.655809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.47067, "energy": 57.143194, "activity_lines": [ 64.727212, 64.267625, 63.547392, 62.638781 ] }, { "date": "2024-12-13", "close": 64.519012, "volume": 19400, "typical_volume": 16260.0, "trend": 61.54758, "fair_value": 52.711807, "relative_strength": -2.481633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.878696, "energy": 63.446646, "activity_lines": [ 64.693165, 64.362612, 63.721208, 62.843041 ] }, { "date": "2024-12-20", "close": 62.849575, "volume": 32900, "typical_volume": 17090.0, "trend": 61.710923, "fair_value": 52.770558, "relative_strength": -2.372635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.723778, "energy": 37.040256, "activity_lines": [ 64.128172, 64.126925, 63.715537, 62.92704 ] }, { "date": "2024-12-27", "close": 63.409332, "volume": 7600, "typical_volume": 16970.0, "trend": 61.899756, "fair_value": 52.829057, "relative_strength": -2.256677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.853226, "energy": 20.989792, "activity_lines": [ 63.789701, 64.012831, 63.747322, 63.036615 ] }, { "date": "2025-01-03", "close": 62.766987, "volume": 10200, "typical_volume": 16915.0, "trend": 62.062624, "fair_value": 52.888225, "relative_strength": -4.271558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.322206, "energy": 18.364547, "activity_lines": [ 63.326152, 63.802659, 63.699039, 63.092566 ] }, { "date": "2025-01-10", "close": 61.624153, "volume": 29700, "typical_volume": 17640.0, "trend": 62.173412, "fair_value": 52.944853, "relative_strength": -4.782231, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -11.139298, "energy": 23.916995, "activity_lines": [ 62.642325, 63.388879, 63.53382, 63.064277 ] }, { "date": "2025-01-17", "close": 63.702919, "volume": 28600, "typical_volume": 18345.0, "trend": 62.33105, "fair_value": 53.028436, "relative_strength": -2.689772, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.097087, "energy": 17.007005, "activity_lines": [ 62.86536, 63.366231, 63.566163, 63.162955 ] }, { "date": "2025-01-24", "close": 64.648712, "volume": 16900, "typical_volume": 18625.0, "trend": 62.53626, "fair_value": 53.120081, "relative_strength": -2.744688, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.733732, "energy": 15.655005, "activity_lines": [ 63.458067, 63.537347, 63.68251, 63.312482 ] }, { "date": "2025-01-31", "close": 64.757088, "volume": 21500, "typical_volume": 19065.0, "trend": 62.730724, "fair_value": 53.204061, "relative_strength": -2.755428, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.450914, "energy": 23.958358, "activity_lines": [ 63.966956, 63.706348, 63.790818, 63.455761 ] }, { "date": "2025-02-07", "close": 64.471375, "volume": 47700, "typical_volume": 20535.0, "trend": 62.884012, "fair_value": 53.293843, "relative_strength": -2.745822, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.724015, "energy": 33.761851, "activity_lines": [ 64.290757, 63.823179, 63.861382, 63.568061 ] }, { "date": "2025-02-14", "close": 65.082191, "volume": 28100, "typical_volume": 21420.0, "trend": 63.057008, "fair_value": 53.389479, "relative_strength": -1.924437, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.519273, "energy": 55.227261, "activity_lines": [ 64.704537, 64.063897, 63.983558, 63.709879 ] }, { "date": "2025-02-21", "close": 64.471375, "volume": 24200, "typical_volume": 21560.0, "trend": 63.198875, "fair_value": 53.48029, "relative_strength": -1.472757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.984554, "energy": 54.064755, "activity_lines": [ 64.684177, 64.189032, 64.03894, 63.801128 ] }, { "date": "2025-02-28", "close": 64.678268, "volume": 27600, "typical_volume": 22200.0, "trend": 63.370807, "fair_value": 53.573458, "relative_strength": -2.038958, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.250637, "energy": 44.972402, "activity_lines": [ 64.68155, 64.35265, 64.107146, 63.896573 ] }, { "date": "2025-03-07", "close": 63.535439, "volume": 55100, "typical_volume": 24045.0, "trend": 63.507255, "fair_value": 53.670083, "relative_strength": -1.257963, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.669621, "energy": 21.11907, "activity_lines": [ 64.29601, 64.275231, 64.062993, 63.907194 ] }, { "date": "2025-03-14", "close": 61.565048, "volume": 42300, "typical_volume": 25010.0, "trend": 63.523855, "fair_value": 53.73663, "relative_strength": -3.442389, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.625677, "energy": 16.974813, "activity_lines": [ 63.335116, 63.837267, 63.836008, 63.781891 ] }, { "date": "2025-03-21", "close": 61.919712, "volume": 18000, "typical_volume": 25160.0, "trend": 63.536613, "fair_value": 53.803853, "relative_strength": -4.3867, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.997459, "energy": 33.293427, "activity_lines": [ 62.686199, 63.485641, 63.649618, 63.678398 ] }, { "date": "2025-03-28", "close": 61.486023, "volume": 61000, "typical_volume": 27235.0, "trend": 63.505221, "fair_value": 53.867264, "relative_strength": -4.143259, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.334045, "energy": 55.689509, "activity_lines": [ 62.10355, 63.049788, 63.423968, 63.546101 ] }, { "date": "2025-04-04", "close": 56.661266, "volume": 62100, "typical_volume": 29405.0, "trend": 63.367498, "fair_value": 53.899929, "relative_strength": -5.608384, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -93.231458, "energy": 89.530872, "activity_lines": [ 60.111673, 61.777014, 62.755084, 63.104556 ] }, { "date": "2025-04-11", "close": 59.192287, "volume": 194900, "typical_volume": 38420.0, "trend": 63.255732, "fair_value": 53.953678, "relative_strength": -3.006079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.125666, "energy": 79.613809, "activity_lines": [ 59.497936, 61.109652, 62.359571, 62.835188 ] }, { "date": "2025-04-18", "close": 58.925343, "volume": 41800, "typical_volume": 39565.0, "trend": 63.116794, "fair_value": 54.008691, "relative_strength": -5.777781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.101109, "energy": 80.16385, "activity_lines": [ 59.084761, 60.494933, 61.965075, 62.555808 ] }, { "date": "2025-04-25", "close": 60.339153, "volume": 86500, "typical_volume": 42805.0, "trend": 63.019037, "fair_value": 54.083033, "relative_strength": -5.449705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.619636, "energy": 69.224929, "activity_lines": [ 59.318837, 60.238107, 61.734997, 62.376605 ] }, { "date": "2025-05-02", "close": 61.673878, "volume": 31300, "typical_volume": 43400.0, "trend": 62.973955, "fair_value": 54.169454, "relative_strength": -4.517866, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.074486, "energy": 38.999769, "activity_lines": [ 60.103191, 60.310196, 61.653437, 62.289821 ] }, { "date": "2025-05-09", "close": 61.436588, "volume": 31500, "typical_volume": 43330.0, "trend": 62.89052, "fair_value": 54.257572, "relative_strength": -5.98908, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.203796, "energy": 24.403639, "activity_lines": [ 60.795926, 60.390004, 61.562825, 62.190636 ] }, { "date": "2025-05-16", "close": 63.582024, "volume": 20700, "typical_volume": 43985.0, "trend": 62.858305, "fair_value": 54.369405, "relative_strength": -4.890622, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.523627, "energy": 18.611356, "activity_lines": [ 61.88545, 60.918831, 61.68327, 62.235249 ] }, { "date": "2025-05-23", "close": 61.990253, "volume": 18000, "typical_volume": 44375.0, "trend": 62.824751, "fair_value": 54.452448, "relative_strength": -6.802518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.012568, "energy": 22.43301, "activity_lines": [ 62.151736, 61.157399, 61.651295, 62.179245 ] }, { "date": "2025-05-30", "close": 63.156895, "volume": 27500, "typical_volume": 44265.0, "trend": 62.851689, "fair_value": 54.546735, "relative_strength": -5.992323, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.562953, "energy": 19.0571, "activity_lines": [ 62.602574, 61.600352, 61.734127, 62.200674 ] }, { "date": "2025-06-06", "close": 63.937946, "volume": 28700, "typical_volume": 44270.0, "trend": 62.819553, "fair_value": 54.65921, "relative_strength": -5.595222, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.756931, "energy": 25.778477, "activity_lines": [ 63.125914, 62.16282, 61.884047, 62.270755 ] }, { "date": "2025-06-13", "close": 63.799534, "volume": 17000, "typical_volume": 44275.0, "trend": 62.831251, "fair_value": 54.787865, "relative_strength": -5.864408, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.626685, "energy": 29.340392, "activity_lines": [ 63.452178, 62.655542, 62.019665, 62.33398 ] }, { "date": "2025-06-20", "close": 63.285423, "volume": 61100, "typical_volume": 46255.0, "trend": 62.782602, "fair_value": 54.895728, "relative_strength": -6.354179, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.047335, "energy": 30.877442, "activity_lines": [ 63.449542, 62.925003, 62.110364, 62.363281 ] }, { "date": "2025-06-27", "close": 64.788216, "volume": 30100, "typical_volume": 45375.0, "trend": 62.769643, "fair_value": 55.017919, "relative_strength": -4.652435, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.596348, "energy": 40.371984, "activity_lines": [ 63.967611, 63.393278, 62.351194, 62.492676 ] }, { "date": "2025-07-04", "close": 66.19239, "volume": 17800, "typical_volume": 44860.0, "trend": 62.814947, "fair_value": 55.144294, "relative_strength": -3.714226, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.139994, "energy": 58.403165, "activity_lines": [ 64.767206, 64.010259, 62.724246, 62.713498 ] }, { "date": "2025-07-11", "close": 65.746147, "volume": 21000, "typical_volume": 44700.0, "trend": 62.855851, "fair_value": 55.269882, "relative_strength": -4.114964, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.242761, "energy": 75.599026, "activity_lines": [ 65.215688, 64.439683, 63.049512, 62.902608 ] }, { "date": "2025-07-18", "close": 65.835396, "volume": 23600, "typical_volume": 44500.0, "trend": 62.955379, "fair_value": 55.389153, "relative_strength": -4.841357, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.740988, "energy": 78.887484, "activity_lines": [ 65.573373, 64.811293, 63.377208, 63.094836 ] }, { "date": "2025-07-25", "close": 66.757629, "volume": 21100, "typical_volume": 42800.0, "trend": 63.066989, "fair_value": 55.504886, "relative_strength": -3.987472, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.78824, "energy": 86.899994, "activity_lines": [ 66.102744, 65.270603, 63.787225, 63.340143 ] }, { "date": "2025-08-01", "close": 65.042068, "volume": 23200, "typical_volume": 41845.0, "trend": 63.142825, "fair_value": 55.608342, "relative_strength": -4.617549, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.891391, "energy": 74.679166, "activity_lines": [ 65.828782, 65.360255, 64.018511, 63.467567 ] }, { "date": "2025-08-08", "close": 66.023811, "volume": 25000, "typical_volume": 42195.0, "trend": 63.28948, "fair_value": 55.7098, "relative_strength": -5.547386, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.55884, "energy": 60.547613, "activity_lines": [ 65.865144, 65.572918, 64.32674, 63.653437 ] }, { "date": "2025-08-15", "close": 66.797295, "volume": 12100, "typical_volume": 39750.0, "trend": 63.392626, "fair_value": 55.81707, "relative_strength": -4.758006, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.241878, "energy": 64.786629, "activity_lines": [ 66.170572, 65.874089, 64.689091, 63.879748 ] }, { "date": "2025-08-22", "close": 67.332779, "volume": 14400, "typical_volume": 37365.0, "trend": 63.482095, "fair_value": 55.940818, "relative_strength": -5.250421, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.043769, "energy": 62.280544, "activity_lines": [ 66.584418, 66.220632, 65.077148, 64.133952 ] }, { "date": "2025-08-29", "close": 67.094795, "volume": 10300, "typical_volume": 28135.0, "trend": 63.560018, "fair_value": 56.07182, "relative_strength": -6.11613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.355372, "energy": 76.327514, "activity_lines": [ 66.819111, 66.459665, 65.391724, 64.367029 ] }, { "date": "2025-09-05", "close": 67.392281, "volume": 20500, "typical_volume": 27070.0, "trend": 63.657382, "fair_value": 56.194243, "relative_strength": -7.028582, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.073878, "energy": 79.110868, "activity_lines": [ 67.130488, 66.683525, 65.697, 64.614272 ] }, { "date": "2025-09-12", "close": 68.730995, "volume": 24900, "typical_volume": 23990.0, "trend": 63.779009, "fair_value": 56.338477, "relative_strength": -5.713981, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.409897, "energy": 84.817971, "activity_lines": [ 67.731422, 67.10344, 66.089454, 64.941602 ] }, { "date": "2025-09-19", "close": 68.830177, "volume": 21200, "typical_volume": 23485.0, "trend": 63.924302, "fair_value": 56.497767, "relative_strength": -6.87667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.323118, "energy": 84.624677, "activity_lines": [ 68.184938, 67.495233, 66.451393, 65.267483 ] }, { "date": "2025-09-26", "close": 68.51284, "volume": 21900, "typical_volume": 23005.0, "trend": 64.052121, "fair_value": 56.661631, "relative_strength": -7.039816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.904635, "energy": 81.830697, "activity_lines": [ 68.39715, 67.773254, 66.749032, 65.563518 ] }, { "date": "2025-10-03", "close": 69.612724, "volume": 13800, "typical_volume": 22660.0, "trend": 64.254697, "fair_value": 56.829486, "relative_strength": -7.516851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.314036, "energy": 89.840453, "activity_lines": [ 68.897319, 68.202573, 67.117726, 65.922267 ] }, { "date": "2025-10-10", "close": 67.822685, "volume": 22900, "typical_volume": 22905.0, "trend": 64.463285, "fair_value": 56.987029, "relative_strength": -7.776414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.763816, "energy": 61.663932, "activity_lines": [ 68.632946, 68.25452, 67.287221, 66.15246 ] }, { "date": "2025-10-17", "close": 68.757477, "volume": 22600, "typical_volume": 22660.0, "trend": 64.691211, "fair_value": 57.140102, "relative_strength": -7.075468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.015233, "energy": 56.131247, "activity_lines": [ 68.651477, 68.425873, 67.517971, 66.429504 ] }, { "date": "2025-10-24", "close": 69.553062, "volume": 41600, "typical_volume": 23305.0, "trend": 64.960112, "fair_value": 57.282551, "relative_strength": -6.550318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.239056, "energy": 59.201144, "activity_lines": [ 68.933437, 68.692174, 67.797822, 66.743172 ] }, { "date": "2025-10-31", "close": 69.204987, "volume": 24000, "typical_volume": 23655.0, "trend": 65.378236, "fair_value": 57.428398, "relative_strength": -6.526183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.63465, "energy": 52.690967, "activity_lines": [ 69.051181, 68.845084, 68.017784, 67.017035 ] }, { "date": "2025-11-07", "close": 68.459137, "volume": 23900, "typical_volume": 21795.0, "trend": 65.687131, "fair_value": 57.55631, "relative_strength": -6.211066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.405104, "energy": 48.198392, "activity_lines": [ 68.874164, 68.828345, 68.140972, 67.215803 ] }, { "date": "2025-11-14", "close": 69.125435, "volume": 17600, "typical_volume": 21170.0, "trend": 66.027134, "fair_value": 57.687085, "relative_strength": -6.393026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.959499, "energy": 46.858215, "activity_lines": [ 68.996152, 68.907945, 68.302981, 67.437629 ] }, { "date": "2025-11-21", "close": 68.508865, "volume": 47200, "typical_volume": 22640.0, "trend": 66.299458, "fair_value": 57.806566, "relative_strength": -6.516335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.083311, "energy": 33.173048, "activity_lines": [ 68.825767, 68.843929, 68.385615, 67.59774 ] }, { "date": "2025-11-28", "close": 71.174042, "volume": 17600, "typical_volume": 22470.0, "trend": 66.61613, "fair_value": 57.940929, "relative_strength": -6.459294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.466608, "energy": 50.157775, "activity_lines": [ 69.560349, 69.26853, 68.711045, 67.91223 ] }, { "date": "2025-12-05", "close": 70.358574, "volume": 31900, "typical_volume": 22885.0, "trend": 66.913529, "fair_value": 58.07759, "relative_strength": -7.116505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.430788, "energy": 50.38895, "activity_lines": [ 69.915043, 69.502248, 68.932964, 68.153678 ] }, { "date": "2025-12-12", "close": 70.557465, "volume": 25500, "typical_volume": 23105.0, "trend": 67.146044, "fair_value": 58.221277, "relative_strength": -7.260044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.237388, "energy": 56.429009, "activity_lines": [ 70.259127, 69.738569, 69.152286, 68.38877 ] }, { "date": "2025-12-19", "close": 70.050293, "volume": 45500, "typical_volume": 24220.0, "trend": 67.414712, "fair_value": 58.36055, "relative_strength": -8.333946, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.75874, "energy": 58.199917, "activity_lines": [ 70.294266, 69.8655, 69.305212, 68.576141 ] }, { "date": "2025-12-26", "close": 70.627075, "volume": 6000, "typical_volume": 23270.0, "trend": 67.663718, "fair_value": 58.503886, "relative_strength": -8.026585, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.252871, "energy": 48.496225, "activity_lines": [ 70.460009, 70.056798, 69.48922, 68.78339 ] }, { "date": "2026-01-02", "close": 70.238091, "volume": 16100, "typical_volume": 23470.0, "trend": 67.873723, "fair_value": 58.639444, "relative_strength": -7.977714, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.557676, "energy": 41.929004, "activity_lines": [ 70.354876, 70.143379, 69.614262, 68.949479 ] }, { "date": "2026-01-09", "close": 71.514427, "volume": 21500, "typical_volume": 23825.0, "trend": 68.130886, "fair_value": 58.778453, "relative_strength": -8.183552, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.804159, "energy": 48.847564, "activity_lines": [ 70.737585, 70.449567, 69.844475, 69.184363 ] }, { "date": "2026-01-16", "close": 71.773682, "volume": 44200, "typical_volume": 25520.0, "trend": 68.413828, "fair_value": 58.925882, "relative_strength": -8.772538, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.874898, "energy": 61.423833, "activity_lines": [ 71.129656, 70.760902, 70.079467, 69.419382 ] }, { "date": "2026-01-23", "close": 71.05574, "volume": 75900, "typical_volume": 28290.0, "trend": 68.622745, "fair_value": 59.064962, "relative_strength": -9.681715, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.993678, "energy": 51.27056, "activity_lines": [ 71.201331, 70.881437, 70.223803, 69.589828 ] }, { "date": "2026-01-30", "close": 71.165428, "volume": 49700, "typical_volume": 29530.0, "trend": 68.788513, "fair_value": 59.201304, "relative_strength": -5.846926, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.190231, "energy": 55.186248, "activity_lines": [ 71.242539, 70.986819, 70.36114, 69.753872 ] }, { "date": "2026-02-06", "close": 72.890465, "volume": 27300, "typical_volume": 29835.0, "trend": 69.026657, "fair_value": 59.352021, "relative_strength": -4.96748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.900458, "energy": 66.914826, "activity_lines": [ 71.82287, 71.357544, 70.651173, 70.018514 ] }, { "date": "2026-02-13", "close": 72.062843, "volume": 32800, "typical_volume": 30380.0, "trend": 69.234239, "fair_value": 59.496143, "relative_strength": -7.47609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.151795, "energy": 51.626281, "activity_lines": [ 71.950501, 71.546583, 70.843051, 70.214397 ] }, { "date": "2026-02-20", "close": 72.232361, "volume": 26200, "typical_volume": 31000.0, "trend": 69.41673, "fair_value": 59.649646, "relative_strength": -8.980246, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.503745, "energy": 59.131323, "activity_lines": [ 72.098078, 71.735458, 71.034169, 70.407824 ] }, { "date": "2026-02-27", "close": 72.401871, "volume": 25000, "typical_volume": 31105.0, "trend": 69.662057, "fair_value": 59.799996, "relative_strength": -9.830672, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.29633, "energy": 70.498095, "activity_lines": [ 72.271579, 71.9247, 71.228956, 70.600414 ] }, { "date": "2026-03-06", "close": 70.307892, "volume": 27700, "typical_volume": 31360.0, "trend": 69.804859, "fair_value": 59.950133, "relative_strength": -8.782645, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.768484, "energy": 29.615227, "activity_lines": [ 71.657345, 71.690462, 71.202511, 70.642081 ] }, { "date": "2026-03-13", "close": 68.971733, "volume": 67400, "typical_volume": 32650.0, "trend": 69.877341, "fair_value": 60.090537, "relative_strength": -8.7341, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 4.682015, "energy": 12.602237, "activity_lines": [ 70.654894, 71.21909, 71.04143, 70.588331 ] }, { "date": "2026-03-20", "close": 67.505943, "volume": 52800, "typical_volume": 34090.0, "trend": 69.883113, "fair_value": 60.21851, "relative_strength": -6.931065, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -41.818691, "energy": 42.445305, "activity_lines": [ 69.425095, 70.504235, 70.743518, 70.435338 ] }, { "date": "2026-03-27", "close": 66.900002, "volume": 47300, "typical_volume": 35260.0, "trend": 69.87662, "fair_value": 60.332669, "relative_strength": -9.329183, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.621614, "energy": 52.392724, "activity_lines": [ 68.297109, 69.752091, 70.395987, 70.242879 ] }, { "date": "2026-04-03", "close": 68.550003, "volume": 42100, "typical_volume": 36485.0, "trend": 69.91521, "fair_value": 60.456788, "relative_strength": -10.03382, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.867089, "energy": 61.442808, "activity_lines": [ 68.074614, 69.388559, 70.213025, 70.157291 ] }, { "date": "2026-04-10", "close": 70.239998, "volume": 46800, "typical_volume": 36465.0, "trend": 69.965511, "fair_value": 60.588594, "relative_strength": -9.10064, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.814741, "energy": 50.684679, "activity_lines": [ 68.672242, 69.377858, 70.193754, 70.178245 ] }, { "date": "2026-04-17", "close": 72.080002, "volume": 23900, "typical_volume": 36780.0, "trend": 70.073838, "fair_value": 60.731209, "relative_strength": -8.226747, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 21.116665, "energy": 14.570488, "activity_lines": [ 69.887731, 69.718529, 70.341478, 70.314663 ] }, { "date": "2026-04-24", "close": 71.615944, "volume": 23300, "typical_volume": 36350.0, "trend": 70.177275, "fair_value": 60.86832, "relative_strength": -7.371635, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.030729, "energy": 26.395923, "activity_lines": [ 70.741315, 69.989562, 70.440693, 70.414154 ] }, { "date": "2026-05-01", "close": 72.194221, "volume": 15300, "typical_volume": 35840.0, "trend": 70.263325, "fair_value": 61.01216, "relative_strength": -6.324549, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.422199, "energy": 43.185108, "activity_lines": [ 71.513659, 70.373861, 70.588994, 70.54428 ] }, { "date": "2026-05-08", "close": 72.024719, "volume": 55000, "typical_volume": 36315.0, "trend": 70.403393, "fair_value": 61.156579, "relative_strength": -6.812506, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.666734, "energy": 47.400842, "activity_lines": [ 71.876554, 70.728035, 70.713357, 70.657918 ] }, { "date": "2026-05-15", "close": 72.363708, "volume": 31600, "typical_volume": 37595.0, "trend": 70.5236, "fair_value": 61.301198, "relative_strength": -5.449636, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.218516, "energy": 62.634754, "activity_lines": [ 72.120798, 71.150701, 70.860603, 70.78439 ] }, { "date": "2026-05-22", "close": 73.540192, "volume": 15900, "typical_volume": 37585.0, "trend": 70.656505, "fair_value": 61.457182, "relative_strength": -5.480372, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.372158, "energy": 69.346567, "activity_lines": [ 72.615622, 71.749895, 71.111626, 70.979009 ] }, { "date": "2026-05-29", "close": 74.008797, "volume": 25400, "typical_volume": 37780.0, "trend": 70.816632, "fair_value": 61.610557, "relative_strength": -5.463563, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.105558, "energy": 69.576403, "activity_lines": [ 73.169302, 72.351226, 71.391554, 71.195286 ] }, { "date": "2026-06-05", "close": 73.600014, "volume": 3800, "typical_volume": 35760.0, "trend": 70.987994, "fair_value": 61.76088, "relative_strength": -4.78613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.956054, "energy": 71.039422, "activity_lines": [ 73.427198, 72.76, 71.620671, 71.374859 ] }, { "date": "2026-06-12", "close": 74.198219, "volume": 15500, "typical_volume": 32740.0, "trend": 71.157087, "fair_value": 61.908314, "relative_strength": -5.223006, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.04043, "energy": 76.860526, "activity_lines": [ 73.790776, 73.15572, 71.898064, 71.58197 ] }, { "date": "2026-06-19", "close": 74.108498, "volume": 1500, "typical_volume": 30330.0, "trend": 71.343741, "fair_value": 62.059491, "relative_strength": -5.202615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.202338, "energy": 77.229406, "activity_lines": [ 73.979546, 73.432432, 72.151948, 71.772384 ] }, { "date": "2026-06-26", "close": 74.050003, "volume": 10400, "typical_volume": 29485.0, "trend": 71.439607, "fair_value": 62.202032, "relative_strength": -5.054067, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.416045, "energy": 73.137179, "activity_lines": [ 74.032499, 73.628172, 72.386246, 71.946981 ] }, { "date": "2026-07-03", "close": 75.559998, "volume": 1300, "typical_volume": 27910.0, "trend": 71.612988, "fair_value": 62.360193, "relative_strength": -3.600546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.580893, "energy": 84.058427, "activity_lines": [ 74.554797, 74.062639, 72.758832, 72.212813 ] }, { "date": "2026-07-10", "close": 75.419998, "volume": 28500, "typical_volume": 28025.0, "trend": 71.775072, "fair_value": 62.51133, "relative_strength": -3.690102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.491397, "energy": 87.428149, "activity_lines": [ 74.927014, 74.399941, 73.101431, 72.458426 ] }, { "date": "2026-07-17", "close": 75.010002, "volume": 62100, "typical_volume": 29880.0, "trend": 71.940396, "fair_value": 62.65297, "relative_strength": -3.865144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.903793, "energy": 83.676273, "activity_lines": [ 75.041233, 74.604048, 73.389804, 72.667132 ] }, { "date": "2026-07-24", "close": 75.260002, "volume": 14900, "typical_volume": 29240.0, "trend": 72.094827, "fair_value": 62.796026, "relative_strength": -3.580064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.686477, "energy": 83.196995, "activity_lines": [ 75.184667, 74.799331, 73.689567, 72.8813 ] }, { "date": "2026-07-31", "close": 75.0, "volume": 13700, "typical_volume": 26555.0, "trend": 72.253557, "fair_value": 62.943852, "relative_strength": -3.288782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.243399, "energy": 68.03481, "activity_lines": [ 75.164667, 74.894682, 73.940986, 73.06873 ] }, { "date": "2026-08-07", "close": 77.260002, "volume": 18300, "typical_volume": 24830.0, "trend": 72.445076, "fair_value": 63.106103, "relative_strength": -3.322405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.729727, "energy": 70.133839, "activity_lines": [ 75.834668, 75.3744, 74.378937, 73.391727 ] } ], "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." } } }