{ "ticker": { "uuid": "360f33f0-a721-4050-a29a-b8a801981196", "symbol": "XSHC", "name": "Xtrackers MSCI USA Health Care UCITS ETF 1D", "exchange": "LSE", "country": "GB", "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": "^FTSE", "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": 83.77, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 68.168, "architecture_energy": 54.346, "architecture_maturity": 24.479, "architecture_confidence": 79.581, "architecture_tenure": "New", "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": 16.0, "rotation_up": 65.13, "upward_expansion": 83.82, "deceleration": 63.24, "rotation_down": 18.08, "downward_expansion": 8.15 }, "activity_lines": [ 49.0055, 48.652545, 47.164726, 46.533767 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 49.305, "trend_reference": 46.110433, "distance_from_trend": 0.069281, "trend_direction": "Improving", "fair_value": 44.756475, "distance_from_fair_value": 0.101628, "fair_value_direction": "Improving", "relative_strength": 0.172373, "relative_strength_direction": "Improving", "price_momentum": 0.05925, "excess_performance": 0.008014, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069281, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008533, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.101628, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.144061, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.001724, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.084934, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.05925, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.171768, "read": "Demand-led" } ], "volume": { "latest": 47836, "relative_activity": 0.669596, "balance": 3.171768, "dry_up": 0.57444, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.033535, "annualized_volatility": 0.167264, "from_high_reference": -0.036602, "from_low_reference": 0.251404 }, "levels": { "trend_reference": 46.110433, "fair_value_reference": 44.756475, "structural_low": 42.43, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": -0.002248, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.013183, "regime_survival": 0.703704, "best_return": 0.075149, "worst_return": -0.050227, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.004361, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.0261, "regime_survival": 0.3, "best_return": 0.057149, "worst_return": -0.086567, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.026007, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.045133, "regime_survival": 0.285714, "best_return": 0.092529, "worst_return": -0.098701, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.045644, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.036141, "regime_survival": 0.0, "best_return": 0.157336, "worst_return": -0.081267, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.022008, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.012067, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-08-29", "tenure": "Established", "return": -0.091868, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": 0.060575, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": -0.010465, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2026-01-02", "tenure": "Developing", "return": 0.049049, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": -0.005823, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.034266, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": -0.059394, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": -0.04506, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": 0.080223, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": -0.013, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": -0.001941, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.000101, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.303994, "volume": 3339, "typical_volume": 14914.6, "trend": 42.494085, "fair_value": 39.914062, "relative_strength": 0.509838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.781623, "energy": 15.910827, "activity_lines": [ 42.493425, 42.140287, 42.090257, 42.212547 ] }, { "date": "2023-08-25", "close": 42.47165, "volume": 6351, "typical_volume": 14361.9, "trend": 42.462523, "fair_value": 39.977361, "relative_strength": -0.092261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.682079, "energy": 15.948337, "activity_lines": [ 42.476337, 42.23429, 42.109591, 42.2111 ] }, { "date": "2023-09-01", "close": 42.574116, "volume": 2646, "typical_volume": 14125.9, "trend": 42.393728, "fair_value": 40.045079, "relative_strength": -1.422424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.21728, "energy": 18.882569, "activity_lines": [ 42.516714, 42.331017, 42.142159, 42.218299 ] }, { "date": "2023-09-08", "close": 42.609106, "volume": 3656, "typical_volume": 11518.9, "trend": 42.349002, "fair_value": 40.106135, "relative_strength": -1.377436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.112473, "energy": 14.676867, "activity_lines": [ 42.556411, 42.424242, 42.182389, 42.232195 ] }, { "date": "2023-09-15", "close": 42.926504, "volume": 498, "typical_volume": 10878.0, "trend": 42.314773, "fair_value": 40.16929, "relative_strength": -3.462986, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.678253, "energy": 20.52277, "activity_lines": [ 42.669239, 42.566175, 42.256916, 42.269453 ] }, { "date": "2023-09-22", "close": 42.978994, "volume": 7783, "typical_volume": 11156.0, "trend": 42.304119, "fair_value": 40.235248, "relative_strength": -2.742759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.996719, "energy": 41.130465, "activity_lines": [ 42.803212, 42.677298, 42.33493, 42.312306 ] }, { "date": "2023-09-29", "close": 42.784053, "volume": 7016, "typical_volume": 10833.9, "trend": 42.294631, "fair_value": 40.298883, "relative_strength": -1.945435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.0681, "energy": 38.909344, "activity_lines": [ 42.827205, 42.707582, 42.392235, 42.343269 ] }, { "date": "2023-10-06", "close": 42.639102, "volume": 2779, "typical_volume": 10512.8, "trend": 42.323044, "fair_value": 40.354623, "relative_strength": -0.568508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.43696, "energy": 35.73348, "activity_lines": [ 42.782055, 42.712188, 42.434842, 42.365493 ] }, { "date": "2023-10-13", "close": 43.053975, "volume": 12817, "typical_volume": 11047.2, "trend": 42.368536, "fair_value": 40.411452, "relative_strength": -0.7167, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.474616, "energy": 39.718266, "activity_lines": [ 42.870862, 42.787677, 42.516126, 42.41265 ] }, { "date": "2023-10-20", "close": 42.594116, "volume": 37599, "typical_volume": 10206.0, "trend": 42.401947, "fair_value": 40.468617, "relative_strength": 1.065324, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.132519, "energy": 26.236555, "activity_lines": [ 42.776726, 42.762558, 42.547389, 42.427204 ] }, { "date": "2023-10-27", "close": 41.0471, "volume": 8695, "typical_volume": 9981.1, "trend": 42.368381, "fair_value": 40.527059, "relative_strength": -0.841783, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -30.01965, "energy": 22.496041, "activity_lines": [ 42.189076, 42.463201, 42.428471, 42.339794 ] }, { "date": "2023-11-03", "close": 41.666904, "volume": 691, "typical_volume": 9878.05, "trend": 42.317239, "fair_value": 40.575574, "relative_strength": -0.835273, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.857519, "energy": 30.637165, "activity_lines": [ 41.936821, 42.299389, 42.371867, 42.294538 ] }, { "date": "2023-11-10", "close": 41.144565, "volume": 321, "typical_volume": 9829.6, "trend": 42.239273, "fair_value": 40.618066, "relative_strength": -1.136402, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.558989, "energy": 53.223626, "activity_lines": [ 41.58493, 42.055238, 42.265182, 42.218881 ] }, { "date": "2023-11-17", "close": 41.461968, "volume": 1581, "typical_volume": 9862.1, "trend": 42.172553, "fair_value": 40.669543, "relative_strength": -2.086244, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.972675, "energy": 57.849252, "activity_lines": [ 41.438475, 41.894788, 42.19295, 42.168732 ] }, { "date": "2023-11-24", "close": 41.796865, "volume": 1486, "typical_volume": 9065.25, "trend": 42.145486, "fair_value": 40.723407, "relative_strength": -0.915864, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.056901, "energy": 49.150552, "activity_lines": [ 41.509787, 41.816085, 42.155718, 42.144495 ] }, { "date": "2023-12-01", "close": 41.816855, "volume": 14430, "typical_volume": 8923.4, "trend": 42.121751, "fair_value": 40.773715, "relative_strength": -1.249433, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.258796, "energy": 29.642174, "activity_lines": [ 41.640912, 41.761556, 42.1152, 42.123293 ] }, { "date": "2023-12-08", "close": 42.194243, "volume": 1044, "typical_volume": 8026.05, "trend": 42.108346, "fair_value": 40.8234, "relative_strength": -0.522395, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.879757, "energy": 8.70758, "activity_lines": [ 41.846515, 41.796773, 42.104269, 42.127969 ] }, { "date": "2023-12-15", "close": 42.47915, "volume": 15556, "typical_volume": 7566.1, "trend": 42.108853, "fair_value": 40.877939, "relative_strength": 0.02902, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.754539, "energy": 12.278492, "activity_lines": [ 42.111932, 41.894515, 42.123458, 42.151892 ] }, { "date": "2023-12-22", "close": 42.749067, "volume": 12628, "typical_volume": 7328.8, "trend": 42.142265, "fair_value": 40.935744, "relative_strength": -0.735748, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.433394, "energy": 21.188918, "activity_lines": [ 42.378349, 42.044241, 42.167923, 42.193196 ] }, { "date": "2023-12-29", "close": 43.323882, "volume": 431, "typical_volume": 7067.35, "trend": 42.186508, "fair_value": 40.997459, "relative_strength": 0.307422, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.991108, "energy": 42.324015, "activity_lines": [ 42.750565, 42.304023, 42.264133, 42.26943 ] }, { "date": "2024-01-05", "close": 44.201113, "volume": 6323, "typical_volume": 7216.55, "trend": 42.268654, "fair_value": 41.053731, "relative_strength": 2.96614, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 82.669684, "energy": 75.595724, "activity_lines": [ 43.313389, 42.710032, 42.442257, 42.399404 ] }, { "date": "2024-01-12", "close": 44.580986, "volume": 11510, "typical_volume": 7474.5, "trend": 42.368128, "fair_value": 41.113719, "relative_strength": 4.688718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.616041, "energy": 84.499783, "activity_lines": [ 43.843887, 43.127764, 42.647526, 42.548587 ] }, { "date": "2024-01-19", "close": 44.491016, "volume": 18645, "typical_volume": 8274.45, "trend": 42.450109, "fair_value": 41.171978, "relative_strength": 6.621573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.334843, "energy": 84.891827, "activity_lines": [ 44.18528, 43.476155, 42.834181, 42.685548 ] }, { "date": "2024-01-26", "close": 44.306069, "volume": 9048, "typical_volume": 8544.05, "trend": 42.523175, "fair_value": 41.234351, "relative_strength": 3.694296, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.098124, "energy": 83.461096, "activity_lines": [ 44.330898, 43.730074, 42.994094, 42.805287 ] }, { "date": "2024-02-02", "close": 45.393232, "volume": 6769, "typical_volume": 8857.6, "trend": 42.67938, "fair_value": 41.302445, "relative_strength": 6.39822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.738876, "energy": 91.539775, "activity_lines": [ 44.735105, 44.129948, 43.249466, 42.990452 ] }, { "date": "2024-02-09", "close": 45.945562, "volume": 1047, "typical_volume": 8520.8, "trend": 42.861492, "fair_value": 41.373102, "relative_strength": 8.120482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.22413, "energy": 93.321415, "activity_lines": [ 45.185464, 44.564857, 43.545695, 43.201173 ] }, { "date": "2024-02-16", "close": 46.855269, "volume": 2227, "typical_volume": 8281.35, "trend": 42.995958, "fair_value": 41.456045, "relative_strength": 8.05587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.074983, "energy": 95.444259, "activity_lines": [ 45.822763, 45.0901, 43.914436, 43.458836 ] }, { "date": "2024-02-23", "close": 46.778071, "volume": 13647, "typical_volume": 8824.75, "trend": 43.142261, "fair_value": 41.542592, "relative_strength": 7.74176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.552306, "energy": 92.55852, "activity_lines": [ 46.28271, 45.516561, 44.256437, 43.702844 ] }, { "date": "2024-03-01", "close": 46.238203, "volume": 3920, "typical_volume": 8379.9, "trend": 43.279566, "fair_value": 41.629314, "relative_strength": 6.610175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.792424, "energy": 86.196073, "activity_lines": [ 46.410231, 45.766702, 44.527314, 43.902582 ] }, { "date": "2024-03-08", "close": 45.868306, "volume": 36872, "typical_volume": 8343.55, "trend": 43.375801, "fair_value": 41.708076, "relative_strength": 5.857442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.244204, "energy": 70.460069, "activity_lines": [ 46.285644, 45.886151, 44.747799, 44.069597 ] }, { "date": "2024-03-15", "close": 45.743335, "volume": 14514, "typical_volume": 8634.5, "trend": 43.490446, "fair_value": 41.784019, "relative_strength": 4.560131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.176839, "energy": 61.86512, "activity_lines": [ 46.087728, 45.936615, 44.940791, 44.222341 ] }, { "date": "2024-03-22", "close": 46.473145, "volume": 2749, "typical_volume": 8737.4, "trend": 43.623829, "fair_value": 41.862254, "relative_strength": 3.417094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.112546, "energy": 58.28515, "activity_lines": [ 46.146564, 46.091731, 45.180925, 44.414774 ] }, { "date": "2024-03-29", "close": 47.170469, "volume": 4880, "typical_volume": 8965.35, "trend": 43.777041, "fair_value": 41.942861, "relative_strength": 4.533062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.670489, "energy": 62.464093, "activity_lines": [ 46.463316, 46.339231, 45.464585, 44.643589 ] }, { "date": "2024-04-05", "close": 45.67835, "volume": 3137, "typical_volume": 9043.15, "trend": 43.879349, "fair_value": 42.011933, "relative_strength": 1.689462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.048214, "energy": 45.384723, "activity_lines": [ 46.256536, 46.266719, 45.577443, 44.766254 ] }, { "date": "2024-04-12", "close": 45.188477, "volume": 9169, "typical_volume": 9427.3, "trend": 43.954748, "fair_value": 42.071924, "relative_strength": -0.506054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.756956, "energy": 38.242975, "activity_lines": [ 45.923788, 46.080188, 45.623568, 44.850714 ] }, { "date": "2024-04-19", "close": 44.97603, "volume": 36626, "typical_volume": 10537.1, "trend": 44.021316, "fair_value": 42.126053, "relative_strength": 0.207299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.053115, "energy": 23.767539, "activity_lines": [ 45.565546, 45.858754, 45.63331, 44.916603 ] }, { "date": "2024-04-26", "close": 45.225962, "volume": 1582, "typical_volume": 10564.0, "trend": 44.102713, "fair_value": 42.187559, "relative_strength": -2.302224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.869437, "energy": 26.697556, "activity_lines": [ 45.341769, 45.70039, 45.651811, 44.994322 ] }, { "date": "2024-05-03", "close": 45.053511, "volume": 2871, "typical_volume": 9929.75, "trend": 44.183193, "fair_value": 42.246565, "relative_strength": -3.553844, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.025783, "energy": 22.295118, "activity_lines": [ 45.143653, 45.540294, 45.639452, 45.055664 ] }, { "date": "2024-05-10", "close": 46.198223, "volume": 1485, "typical_volume": 9372.6, "trend": 44.288001, "fair_value": 42.315777, "relative_strength": -3.681659, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.160562, "energy": 20.054019, "activity_lines": [ 45.468239, 45.619684, 45.723854, 45.185666 ] }, { "date": "2024-05-17", "close": 46.130737, "volume": 3388, "typical_volume": 9520.45, "trend": 44.405889, "fair_value": 42.382521, "relative_strength": -3.66952, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.65025, "energy": 25.046565, "activity_lines": [ 45.735671, 45.687531, 45.785404, 45.304552 ] }, { "date": "2024-05-24", "close": 45.740835, "volume": 1566, "typical_volume": 9282.6, "trend": 44.562347, "fair_value": 42.448352, "relative_strength": -3.312807, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.873453, "energy": 25.922672, "activity_lines": [ 45.810318, 45.679715, 45.796455, 45.390678 ] }, { "date": "2024-05-31", "close": 45.038516, "volume": 5059, "typical_volume": 8960.05, "trend": 44.674734, "fair_value": 42.511987, "relative_strength": -4.286622, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.186003, "energy": 18.282711, "activity_lines": [ 45.599873, 45.54425, 45.733286, 45.421398 ] }, { "date": "2024-06-07", "close": 46.378169, "volume": 11564, "typical_volume": 8606.0, "trend": 44.849187, "fair_value": 42.579822, "relative_strength": -1.116431, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.053866, "energy": 26.633433, "activity_lines": [ 45.848474, 45.678442, 45.795524, 45.531297 ] }, { "date": "2024-06-14", "close": 46.148228, "volume": 657, "typical_volume": 8186.45, "trend": 45.005396, "fair_value": 42.641634, "relative_strength": -0.491692, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.727047, "energy": 22.813293, "activity_lines": [ 45.932118, 45.785232, 45.826877, 45.615107 ] }, { "date": "2024-06-21", "close": 46.53313, "volume": 3107, "typical_volume": 8003.35, "trend": 45.163271, "fair_value": 42.703558, "relative_strength": -0.773072, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.477129, "energy": 32.780155, "activity_lines": [ 46.147396, 45.953462, 45.886115, 45.71367 ] }, { "date": "2024-06-28", "close": 46.818062, "volume": 1044, "typical_volume": 8003.2, "trend": 45.329978, "fair_value": 42.761512, "relative_strength": 0.685927, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.127176, "energy": 56.641922, "activity_lines": [ 46.430825, 46.149049, 45.967061, 45.820431 ] }, { "date": "2024-07-05", "close": 45.353433, "volume": 24416, "typical_volume": 9112.65, "trend": 45.435285, "fair_value": 42.808155, "relative_strength": -2.910453, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.321105, "energy": 26.54778, "activity_lines": [ 46.154229, 46.044848, 45.904364, 45.821944 ] }, { "date": "2024-07-12", "close": 46.240703, "volume": 1413, "typical_volume": 8500.95, "trend": 45.56067, "fair_value": 42.860149, "relative_strength": -1.651208, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.844947, "energy": 28.505009, "activity_lines": [ 46.152395, 46.099651, 45.933321, 45.873906 ] }, { "date": "2024-07-19", "close": 46.098242, "volume": 41243, "typical_volume": 10367.1, "trend": 45.672309, "fair_value": 42.905288, "relative_strength": -0.807362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.206872, "energy": 21.143644, "activity_lines": [ 46.112238, 46.106967, 45.951268, 45.908588 ] }, { "date": "2024-07-26", "close": 47.302939, "volume": 19650, "typical_volume": 9506.0, "trend": 45.804944, "fair_value": 42.959062, "relative_strength": 0.120366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.430855, "energy": 32.553343, "activity_lines": [ 46.47698, 46.335137, 46.084616, 46.01379 ] }, { "date": "2024-08-02", "close": 47.008008, "volume": 8375, "typical_volume": 9199.05, "trend": 45.898507, "fair_value": 43.009937, "relative_strength": 0.785143, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.820512, "energy": 47.383123, "activity_lines": [ 46.692091, 46.48837, 46.183043, 46.091407 ] }, { "date": "2024-08-09", "close": 47.497886, "volume": 14406, "typical_volume": 9781.9, "trend": 45.995737, "fair_value": 43.062094, "relative_strength": 1.882479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.602312, "energy": 60.222686, "activity_lines": [ 47.057831, 46.707632, 46.322102, 46.194593 ] }, { "date": "2024-08-16", "close": 47.930278, "volume": 22189, "typical_volume": 10647.35, "trend": 46.110379, "fair_value": 43.108294, "relative_strength": 1.057203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.502274, "energy": 71.03776, "activity_lines": [ 47.424739, 46.960796, 46.497463, 46.319402 ] }, { "date": "2024-08-23", "close": 47.300703, "volume": 1784, "typical_volume": 10579.7, "trend": 46.2102, "fair_value": 43.154206, "relative_strength": -0.4305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.108059, "energy": 61.000329, "activity_lines": [ 47.469149, 47.071271, 46.609245, 46.396197 ] }, { "date": "2024-08-30", "close": 47.75811, "volume": 1041, "typical_volume": 10173.3, "trend": 46.28903, "fair_value": 43.202378, "relative_strength": -0.052586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.017177, "energy": 62.732722, "activity_lines": [ 47.585865, 47.243956, 46.756865, 46.496062 ] }, { "date": "2024-09-06", "close": 47.108242, "volume": 30070, "typical_volume": 9845.5, "trend": 46.327786, "fair_value": 43.251396, "relative_strength": 0.917883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.770606, "energy": 41.818545, "activity_lines": [ 47.455613, 47.276212, 46.830356, 46.548915 ] }, { "date": "2024-09-13", "close": 47.77561, "volume": 2167, "typical_volume": 9874.75, "trend": 46.358464, "fair_value": 43.305078, "relative_strength": 1.143394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.147971, "energy": 38.675231, "activity_lines": [ 47.541135, 47.424531, 46.957253, 46.642323 ] }, { "date": "2024-09-20", "close": 47.023257, "volume": 1195, "typical_volume": 9790.95, "trend": 46.366637, "fair_value": 43.352911, "relative_strength": 0.031443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.19464, "energy": 27.154296, "activity_lines": [ 47.357358, 47.392019, 47.000355, 46.685213 ] }, { "date": "2024-09-27", "close": 46.405879, "volume": 6001, "typical_volume": 10016.75, "trend": 46.372226, "fair_value": 43.405371, "relative_strength": -2.343887, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.386191, "energy": 14.768043, "activity_lines": [ 47.028256, 47.233029, 46.97528, 46.687745 ] }, { "date": "2024-10-04", "close": 46.53085, "volume": 11033, "typical_volume": 10399.0, "trend": 46.394311, "fair_value": 43.458617, "relative_strength": -1.582313, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.186219, "energy": 15.508259, "activity_lines": [ 46.800467, 47.091167, 46.961119, 46.697978 ] }, { "date": "2024-10-11", "close": 47.473169, "volume": 7027, "typical_volume": 10672.05, "trend": 46.451972, "fair_value": 43.517935, "relative_strength": 0.708714, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.031449, "energy": 20.127115, "activity_lines": [ 46.9686, 47.134673, 47.034796, 46.767582 ] }, { "date": "2024-10-18", "close": 47.293203, "volume": 5222, "typical_volume": 10680.2, "trend": 46.479307, "fair_value": 43.570477, "relative_strength": -0.896533, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.136864, "energy": 16.653623, "activity_lines": [ 47.052417, 47.137001, 47.083085, 46.821855 ] }, { "date": "2024-10-25", "close": 46.56585, "volume": 2927, "typical_volume": 10248.35, "trend": 46.459153, "fair_value": 43.61421, "relative_strength": -1.130562, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.786068, "energy": 6.460234, "activity_lines": [ 46.925943, 47.010805, 47.051366, 46.827438 ] }, { "date": "2024-11-01", "close": 46.213418, "volume": 39435, "typical_volume": 12187.25, "trend": 46.476989, "fair_value": 43.651935, "relative_strength": -1.031126, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.248013, "energy": 4.249642, "activity_lines": [ 46.712486, 46.845338, 46.985187, 46.811585 ] }, { "date": "2024-11-08", "close": 46.890786, "volume": 3013, "typical_volume": 12182.55, "trend": 46.533732, "fair_value": 43.690735, "relative_strength": 1.648253, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.356605, "energy": 10.541872, "activity_lines": [ 46.737648, 46.822797, 46.98321, 46.838281 ] }, { "date": "2024-11-15", "close": 45.416074, "volume": 5954, "typical_volume": 12428.05, "trend": 46.5484, "fair_value": 43.722099, "relative_strength": -1.47666, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.935591, "energy": 36.80152, "activity_lines": [ 46.247245, 46.547897, 46.839081, 46.766174 ] }, { "date": "2024-11-22", "close": 46.490864, "volume": 18967, "typical_volume": 12155.6, "trend": 46.590564, "fair_value": 43.759024, "relative_strength": -1.583135, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.204198, "energy": 28.65189, "activity_lines": [ 46.252244, 46.49918, 46.803989, 46.762462 ] }, { "date": "2024-11-29", "close": 46.858291, "volume": 1162, "typical_volume": 12143.05, "trend": 46.650723, "fair_value": 43.802725, "relative_strength": -1.14035, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.522588, "energy": 13.282396, "activity_lines": [ 46.433208, 46.540626, 46.798473, 46.779735 ] }, { "date": "2024-12-06", "close": 45.736016, "volume": 1253, "typical_volume": 10143.55, "trend": 46.635316, "fair_value": 43.83148, "relative_strength": -3.729337, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.003906, "energy": 31.914089, "activity_lines": [ 46.220585, 46.381022, 46.683133, 46.720722 ] }, { "date": "2024-12-13", "close": 45.076138, "volume": 10942, "typical_volume": 9708.15, "trend": 46.600163, "fair_value": 43.848013, "relative_strength": -4.967164, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.474892, "energy": 34.138159, "activity_lines": [ 45.819829, 46.113619, 46.506673, 46.620129 ] }, { "date": "2024-12-20", "close": 44.556245, "volume": 27701, "typical_volume": 10674.45, "trend": 46.560677, "fair_value": 43.861246, "relative_strength": -3.543221, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.633886, "energy": 62.361316, "activity_lines": [ 45.366751, 45.77814, 46.291303, 46.488264 ] }, { "date": "2024-12-27", "close": 44.833687, "volume": 130, "typical_volume": 9960.65, "trend": 46.553849, "fair_value": 43.874623, "relative_strength": -3.6863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.32068, "energy": 69.279493, "activity_lines": [ 45.063477, 45.54614, 46.114031, 46.376845 ] }, { "date": "2025-01-03", "close": 45.278599, "volume": 460, "typical_volume": 8874.2, "trend": 46.517197, "fair_value": 43.906307, "relative_strength": -3.529359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.961488, "energy": 65.074026, "activity_lines": [ 45.018985, 45.439751, 45.991818, 46.294571 ] }, { "date": "2025-01-10", "close": 46.615835, "volume": 4629, "typical_volume": 9016.45, "trend": 46.532784, "fair_value": 43.951641, "relative_strength": -0.910025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.154882, "energy": 31.11234, "activity_lines": [ 45.525551, 45.599901, 46.009588, 46.300935 ] }, { "date": "2025-01-17", "close": 46.883286, "volume": 4038, "typical_volume": 9166.3, "trend": 46.544455, "fair_value": 44.001108, "relative_strength": -3.202448, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.533615, "energy": 12.892513, "activity_lines": [ 46.062612, 45.801361, 46.056091, 46.323548 ] }, { "date": "2025-01-24", "close": 46.868286, "volume": 46300, "typical_volume": 9977.8, "trend": 46.54613, "fair_value": 44.05224, "relative_strength": -3.106472, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.76933, "energy": 18.465021, "activity_lines": [ 46.474198, 46.000231, 46.105331, 46.34444 ] }, { "date": "2025-01-31", "close": 48.230522, "volume": 9990, "typical_volume": 10368.95, "trend": 46.642033, "fair_value": 44.108341, "relative_strength": -2.130397, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 35.28637, "energy": 35.758392, "activity_lines": [ 47.185725, 46.420376, 46.28545, 46.45311 ] }, { "date": "2025-02-07", "close": 47.905581, "volume": 13567, "typical_volume": 10987.55, "trend": 46.697528, "fair_value": 44.163207, "relative_strength": -2.901382, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.46228, "energy": 47.77652, "activity_lines": [ 47.562484, 46.749811, 46.432457, 46.53463 ] }, { "date": "2025-02-14", "close": 46.833296, "volume": 2231, "typical_volume": 10799.05, "trend": 46.72203, "fair_value": 44.218456, "relative_strength": -5.193453, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.602211, "energy": 43.541903, "activity_lines": [ 47.406682, 46.865243, 46.47314, 46.543389 ] }, { "date": "2025-02-21", "close": 46.653794, "volume": 11993, "typical_volume": 10847.05, "trend": 46.700392, "fair_value": 44.264545, "relative_strength": -4.538094, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.478392, "energy": 34.509461, "activity_lines": [ 47.176548, 46.928087, 46.494691, 46.538987 ] }, { "date": "2025-02-28", "close": 46.85127, "volume": 17002, "typical_volume": 11345.8, "trend": 46.695168, "fair_value": 44.306968, "relative_strength": -5.54411, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.362366, "energy": 13.623691, "activity_lines": [ 47.02754, 46.998152, 46.534465, 46.548721 ] }, { "date": "2025-03-07", "close": 46.193857, "volume": 3830, "typical_volume": 11276.2, "trend": 46.6517, "fair_value": 44.343543, "relative_strength": -5.26121, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.371182, "energy": 11.813927, "activity_lines": [ 46.660528, 46.90696, 46.514589, 46.516378 ] }, { "date": "2025-03-14", "close": 44.881528, "volume": 1571, "typical_volume": 11208.4, "trend": 46.550075, "fair_value": 44.362608, "relative_strength": -7.216274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.594392, "energy": 28.405114, "activity_lines": [ 45.991851, 46.552432, 46.374965, 46.402173 ] }, { "date": "2025-03-21", "close": 45.636431, "volume": 1487, "typical_volume": 9311.0, "trend": 46.494599, "fair_value": 44.387201, "relative_strength": -5.625399, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.630024, "energy": 33.699462, "activity_lines": [ 45.776411, 46.342378, 46.315256, 46.343229 ] }, { "date": "2025-03-28", "close": 45.081504, "volume": 430, "typical_volume": 9181.85, "trend": 46.405379, "fair_value": 44.403016, "relative_strength": -6.670551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.649984, "energy": 54.453629, "activity_lines": [ 45.455787, 46.049236, 46.205445, 46.252061 ] }, { "date": "2025-04-04", "close": 43.161758, "volume": 17850, "typical_volume": 9776.65, "trend": 46.273829, "fair_value": 44.394368, "relative_strength": -3.807958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.437884, "energy": 78.203631, "activity_lines": [ 44.600067, 45.439809, 45.921417, 46.042795 ] }, { "date": "2025-04-11", "close": 41.434487, "volume": 27927, "typical_volume": 10224.65, "trend": 46.062459, "fair_value": 44.382095, "relative_strength": -6.459609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.584252, "energy": 88.186204, "activity_lines": [ 43.414558, 44.583724, 45.483622, 45.73058 ] }, { "date": "2025-04-18", "close": 41.299507, "volume": 14012, "typical_volume": 10867.15, "trend": 45.871667, "fair_value": 44.372866, "relative_strength": -10.054292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.853648, "energy": 90.786087, "activity_lines": [ 42.501346, 43.826662, 45.057049, 45.423292 ] }, { "date": "2025-04-25", "close": 41.386997, "volume": 10508, "typical_volume": 11329.9, "trend": 45.704371, "fair_value": 44.367853, "relative_strength": -11.162522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.249543, "energy": 89.399456, "activity_lines": [ 41.8561, 43.205617, 44.665279, 45.133959 ] }, { "date": "2025-05-02", "close": 41.744448, "volume": 1632, "typical_volume": 10864.4, "trend": 45.544824, "fair_value": 44.366365, "relative_strength": -12.090796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.495247, "energy": 85.911987, "activity_lines": [ 41.613299, 42.748587, 44.328262, 44.87848 ] }, { "date": "2025-05-09", "close": 40.6221, "volume": 3209, "typical_volume": 9639.8, "trend": 45.316455, "fair_value": 44.357074, "relative_strength": -13.819538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.386927, "energy": 85.393662, "activity_lines": [ 41.218852, 42.176754, 43.900219, 44.560885 ] }, { "date": "2025-05-16", "close": 40.149661, "volume": 17091, "typical_volume": 10487.85, "trend": 45.078337, "fair_value": 44.350472, "relative_strength": -15.843636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.673988, "energy": 65.681721, "activity_lines": [ 40.836237, 41.632282, 43.445917, 44.227543 ] }, { "date": "2025-05-23", "close": 38.902324, "volume": 14017, "typical_volume": 11165.7, "trend": 44.822886, "fair_value": 44.329116, "relative_strength": -18.474591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.359417, "energy": 67.720006, "activity_lines": [ 40.123497, 40.970915, 42.895125, 43.829091 ] }, { "date": "2025-05-30", "close": 39.834702, "volume": 3820, "typical_volume": 11125.25, "trend": 44.610262, "fair_value": 44.317644, "relative_strength": -16.774724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.79529, "energy": 62.070088, "activity_lines": [ 39.881362, 40.587784, 42.463494, 43.507273 ] }, { "date": "2025-06-06", "close": 40.209653, "volume": 5838, "typical_volume": 11215.25, "trend": 44.387558, "fair_value": 44.313446, "relative_strength": -16.296801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.217625, "energy": 59.177588, "activity_lines": [ 39.867698, 40.378312, 42.099864, 43.223362 ] }, { "date": "2025-06-13", "close": 40.739583, "volume": 12163, "typical_volume": 9508.4, "trend": 44.231675, "fair_value": 44.320253, "relative_strength": -14.996112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.808727, "energy": 54.568223, "activity_lines": [ 40.132996, 40.35377, 41.818483, 42.988009 ] }, { "date": "2025-06-20", "close": 39.944688, "volume": 3807, "typical_volume": 9199.25, "trend": 44.013469, "fair_value": 44.306667, "relative_strength": -15.605104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.91502, "energy": 48.833165, "activity_lines": [ 40.125497, 40.228741, 41.490582, 42.711429 ] }, { "date": "2025-06-27", "close": 39.897195, "volume": 789, "typical_volume": 8560.35, "trend": 43.781433, "fair_value": 44.287924, "relative_strength": -15.576013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.960335, "energy": 45.061678, "activity_lines": [ 40.115832, 40.122164, 41.197614, 42.445863 ] }, { "date": "2025-07-04", "close": 40.292141, "volume": 3921, "typical_volume": 8644.85, "trend": 43.59997, "fair_value": 44.263719, "relative_strength": -14.678477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.35869, "energy": 38.181918, "activity_lines": [ 40.171491, 40.112893, 40.980395, 42.220748 ] }, { "date": "2025-07-11", "close": 40.509612, "volume": 3037, "typical_volume": 8197.05, "trend": 43.447753, "fair_value": 44.240941, "relative_strength": -15.024619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.112289, "energy": 38.661451, "activity_lines": [ 40.269145, 40.163068, 40.815036, 42.02137 ] }, { "date": "2025-07-18", "close": 40.114666, "volume": 3220, "typical_volume": 7507.95, "trend": 43.2997, "fair_value": 44.218081, "relative_strength": -15.96931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.324215, "energy": 37.244613, "activity_lines": [ 40.215152, 40.163886, 40.641321, 41.806332 ] }, { "date": "2025-07-25", "close": 41.144526, "volume": 5129, "typical_volume": 7572.9, "trend": 43.176728, "fair_value": 44.202513, "relative_strength": -14.653237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.248202, "energy": 27.460694, "activity_lines": [ 40.546107, 40.361178, 40.597767, 41.667288 ] }, { "date": "2025-08-01", "close": 40.184656, "volume": 2702, "typical_volume": 7629.45, "trend": 43.00693, "fair_value": 44.178708, "relative_strength": -15.764805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.287365, "energy": 26.565451, "activity_lines": [ 40.477116, 40.365859, 40.486842, 41.474251 ] }, { "date": "2025-08-08", "close": 39.309773, "volume": 17511, "typical_volume": 8430.65, "trend": 42.763394, "fair_value": 44.149006, "relative_strength": -17.393312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.987843, "energy": 38.304842, "activity_lines": [ 40.097334, 40.188155, 40.31496, 41.235725 ] }, { "date": "2025-08-15", "close": 40.709585, "volume": 9923, "typical_volume": 8905.3, "trend": 42.557604, "fair_value": 44.121229, "relative_strength": -14.443408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.151587, "energy": 29.423339, "activity_lines": [ 40.249647, 40.274507, 40.30652, 41.103221 ] }, { "date": "2025-08-22", "close": 41.397422, "volume": 3229, "typical_volume": 8174.25, "trend": 42.375242, "fair_value": 44.104253, "relative_strength": -14.30914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.448834, "energy": 15.922276, "activity_lines": [ 40.617907, 40.476831, 40.384408, 41.028371 ] }, { "date": "2025-08-29", "close": 40.939949, "volume": 1779, "typical_volume": 6866.85, "trend": 42.132223, "fair_value": 44.083655, "relative_strength": -13.620025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.537821, "energy": 11.471944, "activity_lines": [ 40.748159, 40.584017, 40.427128, 40.935771 ] }, { "date": "2025-09-05", "close": 41.309927, "volume": 13537, "typical_volume": 6843.1, "trend": 41.912368, "fair_value": 44.059166, "relative_strength": -12.623018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.475661, "energy": 14.223814, "activity_lines": [ 41.015376, 40.740376, 40.507439, 40.88272 ] }, { "date": "2025-09-12", "close": 41.552412, "volume": 3627, "typical_volume": 6499.05, "trend": 41.736339, "fair_value": 44.040668, "relative_strength": -12.394967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.666449, "energy": 18.729581, "activity_lines": [ 41.288403, 40.915137, 40.610795, 40.859497 ] }, { "date": "2025-09-19", "close": 41.287427, "volume": 1574, "typical_volume": 6496.15, "trend": 41.55746, "fair_value": 44.018133, "relative_strength": -11.915523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.665378, "energy": 15.695313, "activity_lines": [ 41.323592, 41.018805, 40.688126, 40.830535 ] }, { "date": "2025-09-26", "close": 40.927451, "volume": 4757, "typical_volume": 6573.55, "trend": 41.359999, "fair_value": 43.995068, "relative_strength": -12.939058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.19903, "energy": 12.587214, "activity_lines": [ 41.200267, 41.042881, 40.73335, 40.789889 ] }, { "date": "2025-10-03", "close": 43.812271, "volume": 41549, "typical_volume": 7796.45, "trend": 41.280613, "fair_value": 43.990144, "relative_strength": -8.481418, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 55.824122, "energy": 56.832, "activity_lines": [ 42.069879, 41.576691, 41.051864, 40.9481 ] }, { "date": "2025-10-10", "close": 43.714775, "volume": 6140, "typical_volume": 7402.6, "trend": 41.241721, "fair_value": 43.985507, "relative_strength": -7.674686, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.596821, "energy": 66.4636, "activity_lines": [ 42.715505, 42.044271, 41.343653, 41.105143 ] }, { "date": "2025-10-17", "close": 43.257305, "volume": 2535, "typical_volume": 7338.35, "trend": 41.162417, "fair_value": 43.976625, "relative_strength": -7.562902, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.578961, "energy": 76.269908, "activity_lines": [ 43.048318, 42.36449, 41.568956, 41.235181 ] }, { "date": "2025-10-24", "close": 44.442231, "volume": 1163, "typical_volume": 7104.6, "trend": 41.141108, "fair_value": 43.968931, "relative_strength": -7.52709, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.087763, "energy": 87.345699, "activity_lines": [ 43.662446, 42.828377, 41.890811, 41.446782 ] }, { "date": "2025-10-31", "close": 44.609722, "volume": 17971, "typical_volume": 7395.0, "trend": 41.189373, "fair_value": 43.959362, "relative_strength": -7.484714, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.300518, "energy": 89.028642, "activity_lines": [ 44.122085, 43.254851, 42.208463, 41.670563 ] }, { "date": "2025-11-07", "close": 44.972197, "volume": 10464, "typical_volume": 7727.85, "trend": 41.307297, "fair_value": 43.959935, "relative_strength": -5.974531, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.820505, "energy": 90.281521, "activity_lines": [ 44.457063, 43.688823, 42.542207, 41.914616 ] }, { "date": "2025-11-14", "close": 47.02207, "volume": 4955, "typical_volume": 7936.15, "trend": 41.498049, "fair_value": 43.97203, "relative_strength": -1.548525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.684073, "energy": 96.307568, "activity_lines": [ 45.398005, 44.422187, 43.047236, 42.283311 ] }, { "date": "2025-11-21", "close": 47.782021, "volume": 7243, "typical_volume": 8102.25, "trend": 41.711216, "fair_value": 43.986674, "relative_strength": 1.953031, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.206302, "energy": 96.383091, "activity_lines": [ 46.371777, 45.189866, 43.590714, 42.688729 ] }, { "date": "2025-11-28", "close": 48.269492, "volume": 4550, "typical_volume": 8177.9, "trend": 41.928718, "fair_value": 44.003882, "relative_strength": 1.350639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.065731, "energy": 95.088051, "activity_lines": [ 47.206391, 45.93291, 44.144951, 43.111843 ] }, { "date": "2025-12-05", "close": 46.85708, "volume": 164741, "typical_volume": 16253.95, "trend": 42.136551, "fair_value": 44.013045, "relative_strength": -0.814504, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.23556, "energy": 85.83227, "activity_lines": [ 47.315051, 46.292206, 44.527721, 43.429802 ] }, { "date": "2025-12-12", "close": 46.72959, "volume": 44442, "typical_volume": 18219.6, "trend": 42.355882, "fair_value": 44.02586, "relative_strength": -0.67012, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.344319, "energy": 66.509712, "activity_lines": [ 47.231391, 46.52051, 44.866242, 43.726127 ] }, { "date": "2025-12-19", "close": 46.989575, "volume": 8140, "typical_volume": 18491.5, "trend": 42.625457, "fair_value": 44.035247, "relative_strength": -2.330134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.813901, "energy": 63.3552, "activity_lines": [ 47.117232, 46.743043, 45.202929, 44.025075 ] }, { "date": "2025-12-26", "close": 46.5371, "volume": 1885, "typical_volume": 17710.2, "trend": 42.84887, "fair_value": 44.042007, "relative_strength": -2.706225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.457096, "energy": 53.658384, "activity_lines": [ 46.854415, 46.823765, 45.464118, 44.277439 ] }, { "date": "2026-01-02", "close": 46.622095, "volume": 2141, "typical_volume": 17321.1, "trend": 43.062618, "fair_value": 44.050561, "relative_strength": -3.000177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.323041, "energy": 49.244886, "activity_lines": [ 46.702924, 46.860308, 45.698986, 44.520873 ] }, { "date": "2026-01-09", "close": 47.652031, "volume": 35959, "typical_volume": 18957.6, "trend": 43.293033, "fair_value": 44.068104, "relative_strength": -2.188326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.705473, "energy": 51.077357, "activity_lines": [ 47.004572, 47.044478, 46.003789, 44.816965 ] }, { "date": "2026-01-16", "close": 47.374551, "volume": 17169, "typical_volume": 19727.1, "trend": 43.540695, "fair_value": 44.093527, "relative_strength": -3.468666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.811839, "energy": 51.788114, "activity_lines": [ 47.160729, 47.122883, 46.25238, 45.080288 ] }, { "date": "2026-01-23", "close": 46.982075, "volume": 322882, "typical_volume": 35194.35, "trend": 43.776858, "fair_value": 44.11637, "relative_strength": -3.058683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.775197, "energy": 48.145439, "activity_lines": [ 47.143064, 47.086249, 46.432953, 45.302313 ] }, { "date": "2026-01-30", "close": 45.372173, "volume": 28690, "typical_volume": 36447.5, "trend": 43.946192, "fair_value": 44.121077, "relative_strength": -6.692503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.466566, "energy": 31.349461, "activity_lines": [ 46.589265, 46.757633, 46.433191, 45.405236 ] }, { "date": "2026-02-06", "close": 46.5471, "volume": 51717, "typical_volume": 38954.65, "trend": 44.147442, "fair_value": 44.137719, "relative_strength": -5.236977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.378136, "energy": 22.645471, "activity_lines": [ 46.50477, 46.686456, 46.527137, 45.573037 ] }, { "date": "2026-02-13", "close": 46.89708, "volume": 52542, "typical_volume": 41343.9, "trend": 44.373522, "fair_value": 44.156589, "relative_strength": -4.887151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.550596, "energy": 20.950903, "activity_lines": [ 46.541935, 46.710227, 46.629369, 45.750433 ] }, { "date": "2026-02-20", "close": 46.52, "volume": 17711, "typical_volume": 40152.0, "trend": 44.552705, "fair_value": 44.177239, "relative_strength": -7.384719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.063041, "energy": 15.300095, "activity_lines": [ 46.503736, 46.664711, 46.667262, 45.888915 ] }, { "date": "2026-02-27", "close": 47.33, "volume": 18761, "typical_volume": 40783.05, "trend": 44.790883, "fair_value": 44.204555, "relative_strength": -7.332426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.95277, "energy": 32.996795, "activity_lines": [ 46.792508, 46.770279, 46.769403, 46.068096 ] }, { "date": "2026-03-06", "close": 46.125, "volume": 32974, "typical_volume": 42305.0, "trend": 45.018057, "fair_value": 44.232365, "relative_strength": -3.866091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.357988, "energy": 21.60531, "activity_lines": [ 46.656417, 46.650566, 46.739568, 46.154168 ] }, { "date": "2026-03-13", "close": 45.6, "volume": 33987, "typical_volume": 43946.2, "trend": 45.181071, "fair_value": 44.257434, "relative_strength": -4.44419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.177642, "energy": 5.684877, "activity_lines": [ 46.295139, 46.442891, 46.646076, 46.191713 ] }, { "date": "2026-03-20", "close": 44.09, "volume": 33100, "typical_volume": 44702.65, "trend": 45.270823, "fair_value": 44.273448, "relative_strength": -4.084023, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -17.438653, "energy": 27.427607, "activity_lines": [ 45.493667, 45.979255, 46.403262, 46.121321 ] }, { "date": "2026-03-27", "close": 43.7825, "volume": 28491, "typical_volume": 45604.0, "trend": 45.365575, "fair_value": 44.284527, "relative_strength": -4.901044, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.973082, "energy": 54.743533, "activity_lines": [ 44.776833, 45.524473, 46.133638, 46.0253 ] }, { "date": "2026-04-03", "close": 44.94, "volume": 26505, "typical_volume": 46681.5, "trend": 45.486577, "fair_value": 44.295674, "relative_strength": -6.362361, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.927633, "energy": 53.408405, "activity_lines": [ 44.628333, 45.345457, 45.979916, 45.997844 ] }, { "date": "2026-04-10", "close": 44.275, "volume": 31104, "typical_volume": 47874.55, "trend": 45.57733, "fair_value": 44.300747, "relative_strength": -8.785617, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.86086, "energy": 61.876907, "activity_lines": [ 44.4175, 45.082659, 45.772776, 45.919677 ] }, { "date": "2026-04-17", "close": 44.195, "volume": 56352, "typical_volume": 50464.65, "trend": 45.67425, "fair_value": 44.305436, "relative_strength": -9.199936, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.14207, "energy": 54.726165, "activity_lines": [ 44.303333, 44.825265, 45.574716, 45.830495 ] }, { "date": "2026-04-24", "close": 42.915, "volume": 421985, "typical_volume": 63326.85, "trend": 45.740501, "fair_value": 44.307398, "relative_strength": -9.078758, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.5739, "energy": 69.149575, "activity_lines": [ 43.856167, 44.377909, 45.274155, 45.652479 ] }, { "date": "2026-05-01", "close": 43.13, "volume": 54198, "typical_volume": 63814.65, "trend": 45.717759, "fair_value": 44.311251, "relative_strength": -8.219705, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.670973, "energy": 75.168846, "activity_lines": [ 43.559, 44.042045, 45.012841, 45.484059 ] }, { "date": "2026-05-08", "close": 42.43, "volume": 219502, "typical_volume": 74382.75, "trend": 45.674933, "fair_value": 44.310185, "relative_strength": -8.321074, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.043827, "energy": 82.134011, "activity_lines": [ 43.072, 43.640545, 44.702002, 45.271946 ] }, { "date": "2026-05-15", "close": 44.06, "volume": 154383, "typical_volume": 82007.65, "trend": 45.701689, "fair_value": 44.320416, "relative_strength": -4.324427, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.137612, "energy": 66.525068, "activity_lines": [ 43.295667, 43.6245, 44.568113, 45.167756 ] }, { "date": "2026-05-22", "close": 44.885, "volume": 143004, "typical_volume": 89050.8, "trend": 45.716448, "fair_value": 44.340533, "relative_strength": -4.985398, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.093581, "energy": 36.253618, "activity_lines": [ 43.808667, 43.796, 44.524591, 45.115067 ] }, { "date": "2026-05-29", "close": 44.725, "volume": 50434, "typical_volume": 89774.55, "trend": 45.720291, "fair_value": 44.358023, "relative_strength": -4.706482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.323754, "energy": 23.891947, "activity_lines": [ 44.222333, 43.951409, 44.474102, 45.051102 ] }, { "date": "2026-06-05", "close": 46.59, "volume": 20507, "typical_volume": 89941.45, "trend": 45.774218, "fair_value": 44.389134, "relative_strength": -0.3145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.694581, "energy": 18.602276, "activity_lines": [ 45.137, 44.434364, 44.615172, 45.107213 ] }, { "date": "2026-06-12", "close": 46.155, "volume": 2542, "typical_volume": 73924.45, "trend": 45.745315, "fair_value": 44.418353, "relative_strength": -2.140668, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.53948, "energy": 25.472825, "activity_lines": [ 45.676, 44.787182, 44.718548, 45.131779 ] }, { "date": "2026-06-19", "close": 45.555, "volume": 33267, "typical_volume": 74153.3, "trend": 45.671081, "fair_value": 44.440939, "relative_strength": -2.337262, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.11485, "energy": 30.508741, "activity_lines": [ 45.766667, 45.008818, 44.76872, 45.119501 ] }, { "date": "2026-06-26", "close": 48.945, "volume": 2758, "typical_volume": 71705.35, "trend": 45.693598, "fair_value": 44.484727, "relative_strength": 3.430828, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.850314, "energy": 66.029404, "activity_lines": [ 46.887667, 45.823545, 45.140879, 45.330721 ] }, { "date": "2026-07-03", "close": 49.28, "volume": 5909, "typical_volume": 69373.7, "trend": 45.774362, "fair_value": 44.539682, "relative_strength": 2.450251, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.962569, "energy": 76.397948, "activity_lines": [ 47.849667, 46.612818, 45.533524, 45.562102 ] }, { "date": "2026-07-10", "close": 48.5575, "volume": 13708, "typical_volume": 69173.55, "trend": 45.835293, "fair_value": 44.591446, "relative_strength": 2.653918, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.296268, "energy": 75.384603, "activity_lines": [ 48.267167, 47.155, 45.846012, 45.741659 ] }, { "date": "2026-07-17", "close": 48.85, "volume": 38317, "typical_volume": 70151.35, "trend": 45.897307, "fair_value": 44.630092, "relative_strength": 2.203635, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.70328, "energy": 84.797362, "activity_lines": [ 48.651, 47.651682, 46.176655, 45.936157 ] }, { "date": "2026-07-24", "close": 49.3, "volume": 36364, "typical_volume": 70320.85, "trend": 45.989404, "fair_value": 44.674393, "relative_strength": 1.805454, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.697873, "energy": 82.529219, "activity_lines": [ 49.005167, 48.113455, 46.542917, 46.155685 ] }, { "date": "2026-07-31", "close": 48.6, "volume": 41635, "typical_volume": 70703.25, "trend": 46.055334, "fair_value": 44.715938, "relative_strength": -0.875232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.500216, "energy": 55.191362, "activity_lines": [ 48.876333, 48.352682, 46.827393, 46.324111 ] }, { "date": "2026-08-07", "close": 49.305, "volume": 47836, "typical_volume": 71440.05, "trend": 46.110433, "fair_value": 44.756475, "relative_strength": 0.172373, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.167741, "energy": 54.346202, "activity_lines": [ 49.0055, 48.652545, 47.164726, 46.533767 ] } ], "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." } } }