{ "ticker": { "uuid": "38af3edb-b443-4c88-b8f1-75d14a577d1d", "symbol": "ZBAL", "name": "BMO Balanced ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 56.587, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 54.066, "architecture_energy": 34.723, "architecture_maturity": 62.131, "architecture_confidence": 79.319, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 31.66, "rotation_up": 32.07, "upward_expansion": 62.42, "deceleration": 90.99, "rotation_down": 27.43, "downward_expansion": 17.09 }, "activity_lines": [ 16.029333, 16.061314, 15.924225, 15.722227 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 16.209999, "trend_reference": 15.493365, "distance_from_trend": 0.046254, "trend_direction": "Improving", "fair_value": 13.298579, "distance_from_fair_value": 0.218927, "fair_value_direction": "Improving", "relative_strength": -4.941261, "relative_strength_direction": "Weakening", "price_momentum": 0.071808, "excess_performance": -0.048613, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046254, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025424, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.218927, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004449, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.049413, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000294, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.071808, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.320077, "read": "Demand-led" } ], "volume": { "latest": 146600, "relative_activity": 0.96021, "balance": 1.320077, "dry_up": 0.895857, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.017312, "annualized_volatility": 0.098044, "from_high_reference": -0.01101, "from_low_reference": 0.157728 }, "levels": { "trend_reference": 15.493365, "fair_value_reference": 13.298579, "structural_low": 14.496296, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.01233, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.003283, "regime_survival": 0.25, "best_return": 0.030505, "worst_return": -0.025365, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.018534, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.001035, "regime_survival": 0.166667, "best_return": 0.04101, "worst_return": -0.077254, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.035388, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.037959, "regime_survival": 0.0, "best_return": 0.085465, "worst_return": -0.018981, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.106723, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.023851, "regime_survival": 0.0, "best_return": 0.134219, "worst_return": -0.113642, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.019789, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2025-01-10", "tenure": "Extended", "return": 0.081877, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.007851, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.014759, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.045851, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.0412, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.024314, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.016377, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.02656, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-03-27", "tenure": "Extended", "return": 0.060588, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.019437, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.00323, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.035525, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.017577, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.68115, "volume": 42004, "typical_volume": 38861.45, "trend": 10.670021, "fair_value": 10.4821, "relative_strength": 3.162157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.86541, "energy": 23.491028, "activity_lines": [ 10.809067, 10.810117, 10.768101, 10.726271 ] }, { "date": "2023-08-25", "close": 10.700117, "volume": 30386, "typical_volume": 38727.35, "trend": 10.672688, "fair_value": 10.487485, "relative_strength": 3.136049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.519988, "energy": 15.786647, "activity_lines": [ 10.759966, 10.794206, 10.764182, 10.728213 ] }, { "date": "2023-09-01", "close": 10.94984, "volume": 28002, "typical_volume": 38548.6, "trend": 10.681912, "fair_value": 10.495127, "relative_strength": 1.826276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.430086, "energy": 21.905819, "activity_lines": [ 10.808014, 10.82449, 10.78385, 10.746094 ] }, { "date": "2023-09-08", "close": 10.832881, "volume": 31875, "typical_volume": 37371.85, "trend": 10.692644, "fair_value": 10.502226, "relative_strength": 2.981439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.660192, "energy": 15.831332, "activity_lines": [ 10.817076, 10.826731, 10.791023, 10.755834 ] }, { "date": "2023-09-15", "close": 10.82972, "volume": 33960, "typical_volume": 36582.35, "trend": 10.702335, "fair_value": 10.509416, "relative_strength": 0.164322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.832153, "energy": 20.690408, "activity_lines": [ 10.827402, 10.827766, 10.79744, 10.764677 ] }, { "date": "2023-09-22", "close": 10.592643, "volume": 70901, "typical_volume": 38101.65, "trend": 10.709116, "fair_value": 10.515557, "relative_strength": 2.105361, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.934742, "energy": 5.620629, "activity_lines": [ 10.758702, 10.782592, 10.781107, 10.7576 ] }, { "date": "2023-09-29", "close": 10.520021, "volume": 32175, "typical_volume": 36820.75, "trend": 10.708275, "fair_value": 10.520514, "relative_strength": 2.586459, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.26524, "energy": 29.451173, "activity_lines": [ 10.671696, 10.729099, 10.758337, 10.745401 ] }, { "date": "2023-10-06", "close": 10.513658, "volume": 48856, "typical_volume": 37729.4, "trend": 10.710655, "fair_value": 10.524732, "relative_strength": 3.994168, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.068102, "energy": 50.320222, "activity_lines": [ 10.594575, 10.681517, 10.735771, 10.732845 ] }, { "date": "2023-10-13", "close": 10.580482, "volume": 37535, "typical_volume": 38146.4, "trend": 10.715678, "fair_value": 10.529245, "relative_strength": 3.4082, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.073395, "energy": 56.666662, "activity_lines": [ 10.568807, 10.654016, 10.72047, 10.724446 ] }, { "date": "2023-10-20", "close": 10.405466, "volume": 44090, "typical_volume": 39263.55, "trend": 10.712475, "fair_value": 10.533374, "relative_strength": 3.419207, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.304822, "energy": 76.500538, "activity_lines": [ 10.501528, 10.599914, 10.688828, 10.704433 ] }, { "date": "2023-10-27", "close": 10.373645, "volume": 41705, "typical_volume": 39978.45, "trend": 10.704122, "fair_value": 10.53879, "relative_strength": 5.019399, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.223371, "energy": 77.269456, "activity_lines": [ 10.451925, 10.547741, 10.655557, 10.682573 ] }, { "date": "2023-11-03", "close": 10.742769, "volume": 42003, "typical_volume": 39591.1, "trend": 10.706922, "fair_value": 10.544401, "relative_strength": 2.640131, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.535683, "energy": 35.22055, "activity_lines": [ 10.539963, 10.568272, 10.658798, 10.685066 ] }, { "date": "2023-11-10", "close": 10.765046, "volume": 84007, "typical_volume": 41840.15, "trend": 10.710255, "fair_value": 10.548946, "relative_strength": 3.581032, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.026598, "energy": 18.335938, "activity_lines": [ 10.620577, 10.592079, 10.664165, 10.688816 ] }, { "date": "2023-11-17", "close": 10.981425, "volume": 64645, "typical_volume": 43076.5, "trend": 10.718393, "fair_value": 10.554614, "relative_strength": 2.799365, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.039011, "energy": 24.613469, "activity_lines": [ 10.756558, 10.658586, 10.689244, 10.706311 ] }, { "date": "2023-11-24", "close": 10.990973, "volume": 34557, "typical_volume": 43106.3, "trend": 10.724965, "fair_value": 10.55955, "relative_strength": 3.11328, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.03946, "energy": 40.766069, "activity_lines": [ 10.868992, 10.724129, 10.714359, 10.723897 ] }, { "date": "2023-12-01", "close": 11.102345, "volume": 29194, "typical_volume": 42912.6, "trend": 10.738599, "fair_value": 10.565502, "relative_strength": 2.264911, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.63173, "energy": 79.844702, "activity_lines": [ 10.979517, 10.806989, 10.748501, 10.748244 ] }, { "date": "2023-12-08", "close": 11.124622, "volume": 67326, "typical_volume": 44268.05, "trend": 10.75308, "fair_value": 10.571692, "relative_strength": 2.985805, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.385048, "energy": 85.130598, "activity_lines": [ 11.048887, 10.884633, 10.783617, 10.773149 ] }, { "date": "2023-12-15", "close": 11.309183, "volume": 71794, "typical_volume": 46055.45, "trend": 10.773295, "fair_value": 10.578516, "relative_strength": 3.607684, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.887227, "energy": 91.025286, "activity_lines": [ 11.154321, 10.98484, 10.835282, 10.809026 ] }, { "date": "2023-12-22", "close": 11.321912, "volume": 125118, "typical_volume": 50747.3, "trend": 10.795713, "fair_value": 10.585442, "relative_strength": 1.900885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.285689, "energy": 92.574271, "activity_lines": [ 11.227721, 11.072898, 10.886448, 10.844421 ] }, { "date": "2023-12-29", "close": 11.376343, "volume": 56899, "typical_volume": 50851.6, "trend": 10.818271, "fair_value": 10.592374, "relative_strength": 1.933794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.756278, "energy": 91.901848, "activity_lines": [ 11.296567, 11.157371, 10.940635, 10.881881 ] }, { "date": "2024-01-05", "close": 11.27068, "volume": 106649, "typical_volume": 54083.85, "trend": 10.838668, "fair_value": 10.597736, "relative_strength": 1.019152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.818751, "energy": 86.346933, "activity_lines": [ 11.3045, 11.204981, 10.982156, 10.911069 ] }, { "date": "2024-01-12", "close": 11.392353, "volume": 88179, "typical_volume": 56973.5, "trend": 10.860294, "fair_value": 10.604315, "relative_strength": 1.758777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.122154, "energy": 85.762696, "activity_lines": [ 11.341768, 11.258403, 11.032457, 10.94679 ] }, { "date": "2024-01-19", "close": 11.334718, "volume": 42004, "typical_volume": 57673.6, "trend": 10.885547, "fair_value": 10.610068, "relative_strength": 1.542911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.361755, "energy": 64.230828, "activity_lines": [ 11.341976, 11.289536, 11.073973, 10.977398 ] }, { "date": "2024-01-26", "close": 11.427574, "volume": 85199, "typical_volume": 60339.8, "trend": 10.906529, "fair_value": 10.617595, "relative_strength": 1.211449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.06399, "energy": 65.404379, "activity_lines": [ 11.371434, 11.327194, 11.1225, 11.012368 ] }, { "date": "2024-02-02", "close": 11.517226, "volume": 57495, "typical_volume": 61516.55, "trend": 10.935136, "fair_value": 10.624233, "relative_strength": 2.082192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.097446, "energy": 80.160082, "activity_lines": [ 11.423731, 11.37304, 11.176733, 11.051767 ] }, { "date": "2024-02-09", "close": 11.530034, "volume": 118266, "typical_volume": 63884.8, "trend": 10.957426, "fair_value": 10.630459, "relative_strength": 2.419925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.336254, "energy": 82.026954, "activity_lines": [ 11.470906, 11.411647, 11.228912, 11.090148 ] }, { "date": "2024-02-16", "close": 11.578063, "volume": 71794, "typical_volume": 65865.75, "trend": 10.979737, "fair_value": 10.637697, "relative_strength": 1.543334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.972194, "energy": 89.218128, "activity_lines": [ 11.5168, 11.451211, 11.281201, 11.130189 ] }, { "date": "2024-02-23", "close": 11.712543, "volume": 69411, "typical_volume": 66893.5, "trend": 11.00516, "fair_value": 10.646708, "relative_strength": 1.845708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.277348, "energy": 92.785394, "activity_lines": [ 11.59514, 11.506981, 11.34126, 11.177467 ] }, { "date": "2024-03-01", "close": 11.805396, "volume": 76858, "typical_volume": 68859.65, "trend": 11.036418, "fair_value": 10.656353, "relative_strength": 1.861013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.829268, "energy": 92.612372, "activity_lines": [ 11.679242, 11.572299, 11.404453, 11.229095 ] }, { "date": "2024-03-08", "close": 11.84382, "volume": 81028, "typical_volume": 70706.55, "trend": 11.070222, "fair_value": 10.666034, "relative_strength": 1.261519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.745887, "energy": 91.093921, "activity_lines": [ 11.750965, 11.635813, 11.465472, 11.281185 ] }, { "date": "2024-03-15", "close": 11.805396, "volume": 147460, "typical_volume": 75994.3, "trend": 11.107696, "fair_value": 10.675508, "relative_strength": 0.408561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.085298, "energy": 87.697448, "activity_lines": [ 11.788106, 11.683841, 11.515983, 11.328616 ] }, { "date": "2024-03-22", "close": 11.971897, "volume": 27109, "typical_volume": 75249.6, "trend": 11.150089, "fair_value": 10.685593, "relative_strength": 1.177928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.447949, "energy": 91.536684, "activity_lines": [ 11.862391, 11.75242, 11.575533, 11.384371 ] }, { "date": "2024-03-29", "close": 11.994728, "volume": 36344, "typical_volume": 72866.45, "trend": 11.184919, "fair_value": 10.695442, "relative_strength": 0.489456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.993615, "energy": 85.090486, "activity_lines": [ 11.91803, 11.814613, 11.631405, 11.438864 ] }, { "date": "2024-04-05", "close": 11.927089, "volume": 89668, "typical_volume": 74117.6, "trend": 11.221392, "fair_value": 10.704111, "relative_strength": -0.542595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.031206, "energy": 67.621271, "activity_lines": [ 11.932311, 11.852508, 11.674979, 11.486746 ] }, { "date": "2024-04-12", "close": 11.853006, "volume": 39919, "typical_volume": 74385.7, "trend": 11.255502, "fair_value": 10.711904, "relative_strength": 0.401794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.317535, "energy": 66.35008, "activity_lines": [ 11.913784, 11.867851, 11.706994, 11.527495 ] }, { "date": "2024-04-19", "close": 11.65975, "volume": 40217, "typical_volume": 74936.85, "trend": 11.291072, "fair_value": 10.718669, "relative_strength": -0.871652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.443947, "energy": 53.711648, "activity_lines": [ 11.830226, 11.841952, 11.716499, 11.553575 ] }, { "date": "2024-04-26", "close": 11.778927, "volume": 64048, "typical_volume": 74772.95, "trend": 11.333036, "fair_value": 10.726904, "relative_strength": -0.642409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.910028, "energy": 39.615895, "activity_lines": [ 11.796104, 11.835362, 11.7347, 11.58505 ] }, { "date": "2024-05-03", "close": 11.881996, "volume": 30981, "typical_volume": 72732.3, "trend": 11.378647, "fair_value": 10.73538, "relative_strength": 0.252141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.933691, "energy": 35.661492, "activity_lines": [ 11.809203, 11.843861, 11.759602, 11.620467 ] }, { "date": "2024-05-10", "close": 12.004391, "volume": 59283, "typical_volume": 69440.55, "trend": 11.426111, "fair_value": 10.745329, "relative_strength": -0.408108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.368124, "energy": 43.86313, "activity_lines": [ 11.870615, 11.871532, 11.793432, 11.660837 ] }, { "date": "2024-05-17", "close": 12.117124, "volume": 45281, "typical_volume": 68859.65, "trend": 11.483166, "fair_value": 10.755963, "relative_strength": -0.220955, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 81.9029, "energy": 62.636421, "activity_lines": [ 11.964452, 11.916081, 11.834749, 11.705419 ] }, { "date": "2024-05-24", "close": 12.104239, "volume": 56304, "typical_volume": 66342.4, "trend": 11.540852, "fair_value": 10.765672, "relative_strength": 0.290783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.584496, "energy": 73.92686, "activity_lines": [ 12.036386, 11.953319, 11.871311, 11.745488 ] }, { "date": "2024-05-31", "close": 12.020495, "volume": 50942, "typical_volume": 64480.55, "trend": 11.583443, "fair_value": 10.774577, "relative_strength": -0.190794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.571386, "energy": 72.460144, "activity_lines": [ 12.050772, 11.969898, 11.895928, 11.776433 ] }, { "date": "2024-06-07", "close": 12.1751, "volume": 54218, "typical_volume": 65091.25, "trend": 11.630445, "fair_value": 10.784129, "relative_strength": 2.233647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.096069, "energy": 80.083711, "activity_lines": [ 12.100589, 12.013702, 11.932279, 11.814604 ] }, { "date": "2024-06-14", "close": 12.204088, "volume": 25321, "typical_volume": 62097.35, "trend": 11.6712, "fair_value": 10.793656, "relative_strength": 4.122601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.756143, "energy": 67.135693, "activity_lines": [ 12.140528, 12.059498, 11.967388, 11.851613 ] }, { "date": "2024-06-21", "close": 12.223413, "volume": 136735, "typical_volume": 66059.35, "trend": 11.712282, "fair_value": 10.802829, "relative_strength": 4.611727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.841384, "energy": 61.770729, "activity_lines": [ 12.173596, 12.103771, 12.00064, 11.88724 ] }, { "date": "2024-06-28", "close": 12.21053, "volume": 58091, "typical_volume": 63050.6, "trend": 11.749221, "fair_value": 10.81165, "relative_strength": 2.88665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.920373, "energy": 60.250376, "activity_lines": [ 12.195284, 12.138967, 12.029303, 11.919385 ] }, { "date": "2024-07-05", "close": 12.3142, "volume": 64943, "typical_volume": 62708.05, "trend": 11.788874, "fair_value": 10.820655, "relative_strength": 2.822838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.43599, "energy": 65.892411, "activity_lines": [ 12.244442, 12.182998, 12.064598, 11.955835 ] }, { "date": "2024-07-12", "close": 12.485906, "volume": 44684, "typical_volume": 61471.7, "trend": 11.828098, "fair_value": 10.830683, "relative_strength": 1.378423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.540942, "energy": 80.92678, "activity_lines": [ 12.331256, 12.248516, 12.112741, 12.000805 ] }, { "date": "2024-07-19", "close": 12.404912, "volume": 99203, "typical_volume": 62588.95, "trend": 11.864198, "fair_value": 10.839885, "relative_strength": 0.589515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.541492, "energy": 79.900106, "activity_lines": [ 12.37035, 12.288327, 12.149487, 12.038019 ] }, { "date": "2024-07-26", "close": 12.434071, "volume": 125118, "typical_volume": 64793.45, "trend": 11.899456, "fair_value": 10.849389, "relative_strength": 0.235881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.804727, "energy": 81.523795, "activity_lines": [ 12.405777, 12.326158, 12.186156, 12.074785 ] }, { "date": "2024-08-02", "close": 12.369276, "volume": 107542, "typical_volume": 62797.55, "trend": 11.936075, "fair_value": 10.857919, "relative_strength": 2.277428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.874448, "energy": 60.655484, "activity_lines": [ 12.405561, 12.346445, 12.213843, 12.105096 ] }, { "date": "2024-08-09", "close": 12.298001, "volume": 92348, "typical_volume": 66059.5, "trend": 11.966264, "fair_value": 10.865877, "relative_strength": 1.233139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.15231, "energy": 49.805559, "activity_lines": [ 12.371003, 12.348955, 12.232056, 12.128446 ] }, { "date": "2024-08-16", "close": 12.583098, "volume": 56304, "typical_volume": 67057.5, "trend": 12.007876, "fair_value": 10.875394, "relative_strength": 0.216237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.752402, "energy": 57.354721, "activity_lines": [ 12.432558, 12.398255, 12.275869, 12.168242 ] }, { "date": "2024-08-23", "close": 12.657613, "volume": 112308, "typical_volume": 68189.5, "trend": 12.048878, "fair_value": 10.885157, "relative_strength": -0.207075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.903, "energy": 61.97891, "activity_lines": [ 12.512472, 12.453684, 12.323977, 12.21016 ] }, { "date": "2024-08-30", "close": 12.599297, "volume": 92647, "typical_volume": 70825.9, "trend": 12.084947, "fair_value": 10.894162, "relative_strength": -0.946031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.668358, "energy": 59.731069, "activity_lines": [ 12.556101, 12.490265, 12.363052, 12.245671 ] }, { "date": "2024-09-06", "close": 12.443789, "volume": 64049, "typical_volume": 72017.5, "trend": 12.115405, "fair_value": 10.902458, "relative_strength": 0.233492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.578741, "energy": 55.596639, "activity_lines": [ 12.536878, 12.491738, 12.383764, 12.268822 ] }, { "date": "2024-09-13", "close": 12.725645, "volume": 77751, "typical_volume": 72702.65, "trend": 12.153658, "fair_value": 10.912869, "relative_strength": -0.97196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.645134, "energy": 60.725804, "activity_lines": [ 12.60664, 12.540216, 12.427585, 12.308193 ] }, { "date": "2024-09-20", "close": 12.829316, "volume": 61964, "typical_volume": 74251.8, "trend": 12.190884, "fair_value": 10.924252, "relative_strength": -1.421611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.679939, "energy": 61.861966, "activity_lines": [ 12.682449, 12.600062, 12.476771, 12.351783 ] }, { "date": "2024-09-27", "close": 12.900753, "volume": 33067, "typical_volume": 72941.0, "trend": 12.227396, "fair_value": 10.937177, "relative_strength": -1.243149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.154821, "energy": 65.910182, "activity_lines": [ 12.765656, 12.666653, 12.52825, 12.397581 ] }, { "date": "2024-10-04", "close": 12.829082, "volume": 87583, "typical_volume": 75056.1, "trend": 12.260238, "fair_value": 10.949622, "relative_strength": -2.576397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.524553, "energy": 75.257429, "activity_lines": [ 12.808763, 12.711198, 12.568635, 12.4364 ] }, { "date": "2024-10-11", "close": 12.985455, "volume": 93541, "typical_volume": 76917.95, "trend": 12.299573, "fair_value": 10.962606, "relative_strength": -2.587033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.882914, "energy": 83.244751, "activity_lines": [ 12.888676, 12.776992, 12.620522, 12.483188 ] }, { "date": "2024-10-18", "close": 13.073414, "volume": 89071, "typical_volume": 78824.4, "trend": 12.33629, "fair_value": 10.975728, "relative_strength": -3.254823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.589965, "energy": 87.558007, "activity_lines": [ 12.961797, 12.847576, 12.676589, 12.533113 ] }, { "date": "2024-10-25", "close": 12.959392, "volume": 86689, "typical_volume": 80447.95, "trend": 12.368446, "fair_value": 10.988041, "relative_strength": -2.609849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.03274, "energy": 68.974706, "activity_lines": [ 12.973727, 12.883329, 12.716784, 12.573314 ] }, { "date": "2024-11-01", "close": 12.897494, "volume": 57198, "typical_volume": 82041.8, "trend": 12.400792, "fair_value": 10.998796, "relative_strength": -2.206775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.021584, "energy": 58.527616, "activity_lines": [ 12.956351, 12.900987, 12.747349, 12.607446 ] }, { "date": "2024-11-08", "close": 13.154858, "volume": 72390, "typical_volume": 78824.55, "trend": 12.444187, "fair_value": 11.01095, "relative_strength": -2.229824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.405975, "energy": 63.302804, "activity_lines": [ 13.024982, 12.961077, 12.799123, 12.656095 ] }, { "date": "2024-11-15", "close": 13.060383, "volume": 57495, "typical_volume": 78794.75, "trend": 12.490875, "fair_value": 11.022498, "relative_strength": -3.377079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.589609, "energy": 56.950595, "activity_lines": [ 13.040402, 12.993889, 12.837464, 12.69585 ] }, { "date": "2024-11-22", "close": 13.10925, "volume": 95327, "typical_volume": 80313.95, "trend": 12.535219, "fair_value": 11.034843, "relative_strength": -5.019675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.187594, "energy": 57.083729, "activity_lines": [ 13.067116, 13.024374, 12.876411, 12.735745 ] }, { "date": "2024-11-29", "close": 13.373129, "volume": 142397, "typical_volume": 85199.6, "trend": 12.584924, "fair_value": 11.049402, "relative_strength": -3.804291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.581838, "energy": 74.548629, "activity_lines": [ 13.1794, 13.095863, 12.936705, 12.789803 ] }, { "date": "2024-12-06", "close": 13.477377, "volume": 105456, "typical_volume": 85512.25, "trend": 12.634023, "fair_value": 11.063739, "relative_strength": -3.142087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.403485, "energy": 88.963398, "activity_lines": [ 13.298852, 13.176419, 13.002701, 12.847381 ] }, { "date": "2024-12-13", "close": 13.373129, "volume": 99498, "typical_volume": 84231.25, "trend": 12.67589, "fair_value": 11.077369, "relative_strength": -2.228136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.669529, "energy": 86.722486, "activity_lines": [ 13.344895, 13.227536, 13.053663, 12.895065 ] }, { "date": "2024-12-20", "close": 13.190694, "volume": 96222, "typical_volume": 83665.25, "trend": 12.712105, "fair_value": 11.089152, "relative_strength": -0.895404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.564868, "energy": 74.937737, "activity_lines": [ 13.315575, 13.235592, 13.082778, 12.928278 ] }, { "date": "2024-12-27", "close": 13.265621, "volume": 43791, "typical_volume": 81237.4, "trend": 12.75361, "fair_value": 11.101337, "relative_strength": -1.096385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.790127, "energy": 58.207414, "activity_lines": [ 13.302543, 13.253539, 13.115117, 12.963989 ] }, { "date": "2025-01-03", "close": 13.28855, "volume": 126309, "typical_volume": 84737.65, "trend": 12.790725, "fair_value": 11.114799, "relative_strength": -1.991384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.859596, "energy": 49.167275, "activity_lines": [ 13.28673, 13.27216, 13.145032, 12.998501 ] }, { "date": "2025-01-10", "close": 13.095299, "volume": 137034, "typical_volume": 85973.95, "trend": 12.820432, "fair_value": 11.127217, "relative_strength": -2.175421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.808383, "energy": 30.672357, "activity_lines": [ 13.212138, 13.24966, 13.153183, 13.018151 ] }, { "date": "2025-01-17", "close": 13.350784, "volume": 112309, "typical_volume": 86957.05, "trend": 12.858011, "fair_value": 11.143199, "relative_strength": -1.42766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.314209, "energy": 34.748132, "activity_lines": [ 13.24818, 13.270016, 13.183582, 13.052368 ] }, { "date": "2025-01-24", "close": 13.455599, "volume": 134353, "typical_volume": 90472.25, "trend": 12.899513, "fair_value": 11.159815, "relative_strength": -2.172482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.869832, "energy": 45.689513, "activity_lines": [ 13.32065, 13.305866, 13.220385, 13.090922 ] }, { "date": "2025-01-31", "close": 13.537485, "volume": 123629, "typical_volume": 92766.15, "trend": 12.940289, "fair_value": 11.175982, "relative_strength": -1.770073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.178062, "energy": 51.943148, "activity_lines": [ 13.402755, 13.349419, 13.260168, 13.132081 ] }, { "date": "2025-02-07", "close": 13.458875, "volume": 151930, "typical_volume": 97264.45, "trend": 12.972721, "fair_value": 11.192074, "relative_strength": -1.92502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.392312, "energy": 45.788961, "activity_lines": [ 13.440532, 13.370893, 13.288599, 13.165538 ] }, { "date": "2025-02-14", "close": 13.524384, "volume": 123628, "typical_volume": 101792.5, "trend": 13.010037, "fair_value": 11.209267, "relative_strength": -1.554403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.301702, "energy": 47.821076, "activity_lines": [ 13.48879, 13.402719, 13.32027, 13.20113 ] }, { "date": "2025-02-21", "close": 13.445773, "volume": 97414, "typical_volume": 102284.05, "trend": 13.04376, "fair_value": 11.226267, "relative_strength": -0.774614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.313527, "energy": 42.040078, "activity_lines": [ 13.48224, 13.419398, 13.341486, 13.229242 ] }, { "date": "2025-02-28", "close": 13.521109, "volume": 125119, "typical_volume": 103862.95, "trend": 13.082155, "fair_value": 11.24412, "relative_strength": -1.13331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.651559, "energy": 40.058269, "activity_lines": [ 13.494468, 13.448453, 13.366939, 13.260038 ] }, { "date": "2025-03-07", "close": 13.390091, "volume": 332755, "typical_volume": 116047.15, "trend": 13.118558, "fair_value": 11.262263, "relative_strength": 0.433072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.366327, "energy": 31.785034, "activity_lines": [ 13.458657, 13.447679, 13.377364, 13.279905 ] }, { "date": "2025-03-14", "close": 13.252521, "volume": 197806, "typical_volume": 121603.0, "trend": 13.140872, "fair_value": 11.278083, "relative_strength": 0.234797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.747003, "energy": 16.610362, "activity_lines": [ 13.386815, 13.419629, 13.373179, 13.288548 ] }, { "date": "2025-03-21", "close": 13.337682, "volume": 145077, "typical_volume": 125996.95, "trend": 13.163541, "fair_value": 11.294936, "relative_strength": -0.761372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.778209, "energy": 15.022476, "activity_lines": [ 13.357117, 13.407718, 13.375709, 13.301245 ] }, { "date": "2025-03-28", "close": 13.215938, "volume": 137928, "typical_volume": 129273.85, "trend": 13.184096, "fair_value": 11.310638, "relative_strength": -0.809983, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.869342, "energy": 13.695511, "activity_lines": [ 13.299285, 13.369265, 13.364548, 13.304626 ] }, { "date": "2025-04-04", "close": 12.609975, "volume": 185294, "typical_volume": 135663.8, "trend": 13.189635, "fair_value": 11.323004, "relative_strength": 1.00215, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.396984, "energy": 38.394844, "activity_lines": [ 13.054787, 13.223088, 13.295385, 13.267586 ] }, { "date": "2025-04-11", "close": 12.629734, "volume": 494813, "typical_volume": 155638.1, "trend": 13.186438, "fair_value": 11.336123, "relative_strength": -0.510006, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.724466, "energy": 59.05443, "activity_lines": [ 12.877618, 13.095879, 13.230249, 13.231463 ] }, { "date": "2025-04-18", "close": 12.68572, "volume": 196317, "typical_volume": 158334.1, "trend": 13.181652, "fair_value": 11.350835, "relative_strength": -2.53209, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.565978, "energy": 65.118553, "activity_lines": [ 12.769801, 12.995354, 13.172728, 13.199159 ] }, { "date": "2025-04-25", "close": 12.952477, "volume": 184400, "typical_volume": 162281.3, "trend": 13.183376, "fair_value": 11.367199, "relative_strength": -2.525702, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.354213, "energy": 59.624177, "activity_lines": [ 12.78869, 12.957388, 13.143886, 13.184373 ] }, { "date": "2025-05-02", "close": 13.150073, "volume": 185592, "typical_volume": 166586.0, "trend": 13.194076, "fair_value": 11.386338, "relative_strength": -2.251667, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.448178, "energy": 40.546101, "activity_lines": [ 12.899125, 12.965746, 13.136362, 13.182225 ] }, { "date": "2025-05-09", "close": 13.206059, "volume": 104264, "typical_volume": 166988.1, "trend": 13.201429, "fair_value": 11.406345, "relative_strength": -3.038237, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.861903, "energy": 21.004287, "activity_lines": [ 13.032613, 12.98966, 13.135233, 13.182998 ] }, { "date": "2025-05-16", "close": 13.527154, "volume": 120352, "typical_volume": 170816.15, "trend": 13.216554, "fair_value": 11.429214, "relative_strength": -2.965079, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.530124, "energy": 21.691625, "activity_lines": [ 13.233393, 13.077683, 13.164611, 13.204012 ] }, { "date": "2025-05-23", "close": 13.271925, "volume": 101286, "typical_volume": 169565.0, "trend": 13.226971, "fair_value": 11.448311, "relative_strength": -4.356912, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.192285, "energy": 19.416459, "activity_lines": [ 13.289269, 13.116809, 13.168436, 13.207585 ] }, { "date": "2025-05-30", "close": 13.426708, "volume": 100094, "typical_volume": 167718.0, "trend": 13.244612, "fair_value": 11.469321, "relative_strength": -4.240206, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.051969, "energy": 23.85865, "activity_lines": [ 13.35766, 13.183724, 13.187081, 13.220471 ] }, { "date": "2025-06-06", "close": 13.489282, "volume": 164144, "typical_volume": 170309.75, "trend": 13.255759, "fair_value": 11.492436, "relative_strength": -4.571752, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.944274, "energy": 31.125572, "activity_lines": [ 13.415292, 13.260398, 13.210107, 13.236256 ] }, { "date": "2025-06-13", "close": 13.413535, "volume": 204359, "typical_volume": 173810.05, "trend": 13.267531, "fair_value": 11.516868, "relative_strength": -5.179824, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.565144, "energy": 31.193478, "activity_lines": [ 13.425062, 13.31833, 13.22526, 13.246435 ] }, { "date": "2025-06-20", "close": 13.46952, "volume": 132864, "typical_volume": 174271.8, "trend": 13.27954, "fair_value": 11.540974, "relative_strength": -4.557586, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.431803, "energy": 29.081145, "activity_lines": [ 13.439662, 13.37183, 13.245946, 13.259467 ] }, { "date": "2025-06-27", "close": 13.7069, "volume": 126609, "typical_volume": 173005.75, "trend": 13.290666, "fair_value": 11.566822, "relative_strength": -3.428283, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.134875, "energy": 46.470935, "activity_lines": [ 13.53723, 13.453222, 13.289562, 13.287038 ] }, { "date": "2025-07-04", "close": 13.769805, "volume": 126011, "typical_volume": 173124.9, "trend": 13.300413, "fair_value": 11.592402, "relative_strength": -4.100504, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.664992, "energy": 68.882276, "activity_lines": [ 13.626769, 13.527484, 13.337988, 13.31795 ] }, { "date": "2025-07-11", "close": 13.74332, "volume": 97414, "typical_volume": 173124.9, "trend": 13.312753, "fair_value": 11.61797, "relative_strength": -4.040804, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.727501, "energy": 75.810667, "activity_lines": [ 13.684606, 13.582071, 13.382724, 13.346525 ] }, { "date": "2025-07-18", "close": 13.796292, "volume": 187082, "typical_volume": 176223.05, "trend": 13.33294, "fair_value": 11.642596, "relative_strength": -4.55207, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.858437, "energy": 78.485347, "activity_lines": [ 13.743165, 13.635502, 13.431087, 13.377721 ] }, { "date": "2025-07-25", "close": 13.932036, "volume": 181421, "typical_volume": 168656.35, "trend": 13.355154, "fair_value": 11.666672, "relative_strength": -4.11199, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.923848, "energy": 86.375606, "activity_lines": [ 13.821455, 13.702882, 13.491068, 13.416373 ] }, { "date": "2025-08-01", "close": 13.806226, "volume": 155206, "typical_volume": 166526.35, "trend": 13.372409, "fair_value": 11.690079, "relative_strength": -3.150521, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.582139, "energy": 77.519041, "activity_lines": [ 13.826973, 13.740026, 13.536487, 13.445474 ] }, { "date": "2025-08-08", "close": 14.004876, "volume": 141800, "typical_volume": 166362.5, "trend": 13.402729, "fair_value": 11.713675, "relative_strength": -4.20699, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.260744, "energy": 80.739757, "activity_lines": [ 13.892086, 13.803574, 13.598187, 13.486278 ] }, { "date": "2025-08-15", "close": 14.114134, "volume": 164740, "typical_volume": 167703.1, "trend": 13.428174, "fair_value": 11.738287, "relative_strength": -3.827025, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.956133, "energy": 88.398179, "activity_lines": [ 13.977948, 13.876475, 13.667117, 13.532175 ] }, { "date": "2025-08-22", "close": 14.213459, "volume": 198501, "typical_volume": 168363.45, "trend": 13.453436, "fair_value": 11.764659, "relative_strength": -4.465454, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.512791, "energy": 89.330603, "activity_lines": [ 14.072196, 13.956074, 13.741228, 13.582839 ] }, { "date": "2025-08-29", "close": 14.163797, "volume": 181422, "typical_volume": 152693.9, "trend": 13.474313, "fair_value": 11.791976, "relative_strength": -5.418689, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.321466, "energy": 88.243761, "activity_lines": [ 14.12208, 14.0121, 13.802974, 13.628669 ] }, { "date": "2025-09-05", "close": 14.322718, "volume": 169406, "typical_volume": 151348.35, "trend": 13.503107, "fair_value": 11.819385, "relative_strength": -5.773963, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.800402, "energy": 90.036013, "activity_lines": [ 14.209487, 14.084397, 13.872551, 13.683405 ] }, { "date": "2025-09-12", "close": 14.49157, "volume": 210616, "typical_volume": 152659.15, "trend": 13.535347, "fair_value": 11.848823, "relative_strength": -5.265404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.904947, "energy": 90.269383, "activity_lines": [ 14.318744, 14.176197, 13.950413, 13.747176 ] }, { "date": "2025-09-19", "close": 14.551166, "volume": 154411, "typical_volume": 151100.1, "trend": 13.572193, "fair_value": 11.879865, "relative_strength": -6.256227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.054051, "energy": 86.667451, "activity_lines": [ 14.415421, 14.265711, 14.026622, 13.812713 ] }, { "date": "2025-09-26", "close": 14.590896, "volume": 114592, "typical_volume": 151616.5, "trend": 13.607853, "fair_value": 11.911556, "relative_strength": -5.810286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.507265, "energy": 85.681342, "activity_lines": [ 14.496206, 14.347759, 14.099944, 13.878436 ] }, { "date": "2025-10-03", "close": 14.795558, "volume": 200389, "typical_volume": 155618.35, "trend": 13.654702, "fair_value": 11.944538, "relative_strength": -6.559089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.983423, "energy": 89.145052, "activity_lines": [ 14.620049, 14.452572, 14.186162, 13.955062 ] }, { "date": "2025-10-10", "close": 14.585904, "volume": 147560, "typical_volume": 157932.05, "trend": 13.699148, "fair_value": 11.976694, "relative_strength": -5.820984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.693063, "energy": 67.816713, "activity_lines": [ 14.631889, 14.503566, 14.246373, 14.015139 ] }, { "date": "2025-10-17", "close": 14.775592, "volume": 121742, "typical_volume": 159014.45, "trend": 13.747078, "fair_value": 12.009628, "relative_strength": -5.286302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.413049, "energy": 69.560942, "activity_lines": [ 14.689414, 14.574872, 14.318393, 14.084587 ] }, { "date": "2025-10-24", "close": 14.905377, "volume": 167519, "typical_volume": 159183.2, "trend": 13.803393, "fair_value": 12.041427, "relative_strength": -5.088078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.694067, "energy": 71.055779, "activity_lines": [ 14.771265, 14.655762, 14.39635, 14.159316 ] }, { "date": "2025-10-31", "close": 14.925344, "volume": 163150, "typical_volume": 157122.75, "trend": 13.880572, "fair_value": 12.074546, "relative_strength": -4.534068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.51909, "energy": 69.041481, "activity_lines": [ 14.836158, 14.725897, 14.469465, 14.2317 ] }, { "date": "2025-11-07", "close": 14.805542, "volume": 108437, "typical_volume": 155901.4, "trend": 13.953099, "fair_value": 12.104434, "relative_strength": -4.067259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.613012, "energy": 64.99584, "activity_lines": [ 14.83882, 14.761306, 14.523971, 14.291376 ] }, { "date": "2025-11-14", "close": 14.845476, "volume": 202275, "typical_volume": 159684.7, "trend": 14.025091, "fair_value": 12.134459, "relative_strength": -4.998013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.588111, "energy": 58.408036, "activity_lines": [ 14.854128, 14.792308, 14.575919, 14.348949 ] }, { "date": "2025-11-21", "close": 14.745641, "volume": 230772, "typical_volume": 164922.75, "trend": 14.084863, "fair_value": 12.162692, "relative_strength": -5.024896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.978499, "energy": 50.332883, "activity_lines": [ 14.818853, 14.795653, 14.612937, 14.395436 ] }, { "date": "2025-11-28", "close": 15.025179, "volume": 201480, "typical_volume": 170126.05, "trend": 14.147366, "fair_value": 12.191683, "relative_strength": -6.844645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.73211, "energy": 51.759939, "activity_lines": [ 14.878754, 14.845204, 14.67193, 14.456101 ] }, { "date": "2025-12-05", "close": 14.875426, "volume": 140310, "typical_volume": 167787.45, "trend": 14.203012, "fair_value": 12.220371, "relative_strength": -7.391275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.121892, "energy": 45.968895, "activity_lines": [ 14.880751, 14.858908, 14.710558, 14.503073 ] }, { "date": "2025-12-12", "close": 14.845476, "volume": 162356, "typical_volume": 166834.2, "trend": 14.246956, "fair_value": 12.249481, "relative_strength": -8.010083, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.547486, "energy": 42.594164, "activity_lines": [ 14.876092, 14.861994, 14.741194, 14.544522 ] }, { "date": "2025-12-19", "close": 14.905377, "volume": 102081, "typical_volume": 164177.95, "trend": 14.301404, "fair_value": 12.279771, "relative_strength": -8.072352, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.56047, "energy": 44.110823, "activity_lines": [ 14.888738, 14.875063, 14.773185, 14.587001 ] }, { "date": "2025-12-26", "close": 14.975261, "volume": 68715, "typical_volume": 160523.7, "trend": 14.353023, "fair_value": 12.311009, "relative_strength": -8.113709, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.576763, "energy": 43.555142, "activity_lines": [ 14.920685, 14.89503, 14.806598, 14.630476 ] }, { "date": "2026-01-02", "close": 14.874893, "volume": 302948, "typical_volume": 167434.1, "trend": 14.39921, "fair_value": 12.340363, "relative_strength": -8.176374, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.586299, "energy": 38.381405, "activity_lines": [ 14.903868, 14.893118, 14.825831, 14.664145 ] }, { "date": "2026-01-09", "close": 15.143896, "volume": 317100, "typical_volume": 173364.05, "trend": 14.456889, "fair_value": 12.369982, "relative_strength": -8.383679, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.883733, "energy": 49.321427, "activity_lines": [ 14.986738, 14.94067, 14.867061, 14.712189 ] }, { "date": "2026-01-16", "close": 15.193712, "volume": 318400, "typical_volume": 180212.95, "trend": 14.514362, "fair_value": 12.39994, "relative_strength": -9.021078, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.226495, "energy": 61.156336, "activity_lines": [ 15.068315, 14.993305, 14.908605, 14.759726 ] }, { "date": "2026-01-23", "close": 15.099062, "volume": 295900, "typical_volume": 186537.65, "trend": 14.560767, "fair_value": 12.428651, "relative_strength": -9.622359, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.01493, "energy": 53.704444, "activity_lines": [ 15.095126, 15.021674, 14.93623, 14.797448 ] }, { "date": "2026-01-30", "close": 15.004414, "volume": 252200, "typical_volume": 188616.85, "trend": 14.601921, "fair_value": 12.456415, "relative_strength": -6.537815, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.019493, "energy": 47.33623, "activity_lines": [ 15.077476, 15.028224, 14.951144, 14.826071 ] }, { "date": "2026-02-06", "close": 15.123971, "volume": 246600, "typical_volume": 193226.3, "trend": 14.647942, "fair_value": 12.485986, "relative_strength": -7.157102, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.480574, "energy": 43.912372, "activity_lines": [ 15.097734, 15.051806, 14.975002, 14.859751 ] }, { "date": "2026-02-13", "close": 15.173785, "volume": 184600, "typical_volume": 196726.7, "trend": 14.693859, "fair_value": 12.515697, "relative_strength": -8.295886, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.200207, "energy": 45.923377, "activity_lines": [ 15.117992, 15.082649, 15.000877, 14.893677 ] }, { "date": "2026-02-20", "close": 15.343158, "volume": 231100, "typical_volume": 198262.25, "trend": 14.740896, "fair_value": 12.547452, "relative_strength": -9.028586, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.194589, "energy": 55.538131, "activity_lines": [ 15.192716, 15.138862, 15.040107, 14.935567 ] }, { "date": "2026-02-27", "close": 15.373048, "volume": 198100, "typical_volume": 200789.25, "trend": 14.793124, "fair_value": 12.5784, "relative_strength": -9.943798, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.72379, "energy": 77.455408, "activity_lines": [ 15.267439, 15.191461, 15.079575, 14.976351 ] }, { "date": "2026-03-06", "close": 14.904782, "volume": 268700, "typical_volume": 208137.15, "trend": 14.82312, "fair_value": 12.607006, "relative_strength": -9.053633, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.742707, "energy": 37.283276, "activity_lines": [ 15.167808, 15.150418, 15.070699, 14.983555 ] }, { "date": "2026-03-13", "close": 14.780244, "volume": 175300, "typical_volume": 208526.2, "trend": 14.845324, "fair_value": 12.634893, "relative_strength": -8.006472, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.448676, "energy": 11.634896, "activity_lines": [ 15.033306, 15.088013, 15.049347, 14.980789 ] }, { "date": "2026-03-20", "close": 14.526185, "volume": 120900, "typical_volume": 206413.7, "trend": 14.855748, "fair_value": 12.660692, "relative_strength": -5.794555, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -35.135931, "energy": 32.567693, "activity_lines": [ 14.837033, 14.981136, 15.004395, 14.960199 ] }, { "date": "2026-03-27", "close": 14.576, "volume": 201600, "typical_volume": 211071.85, "trend": 14.869488, "fair_value": 12.686024, "relative_strength": -7.092122, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -32.593099, "energy": 40.920697, "activity_lines": [ 14.700539, 14.894547, 14.966088, 14.942151 ] }, { "date": "2026-04-03", "close": 14.92, "volume": 191500, "typical_volume": 210533.1, "trend": 14.889398, "fair_value": 12.71334, "relative_strength": -7.859695, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.114113, "energy": 33.009409, "activity_lines": [ 14.729855, 14.881736, 14.961635, 14.94541 ] }, { "date": "2026-04-10", "close": 15.21, "volume": 190000, "typical_volume": 208494.5, "trend": 14.913346, "fair_value": 12.742474, "relative_strength": -7.400775, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 3.827157, "energy": 13.926953, "activity_lines": [ 14.886041, 14.924907, 14.984447, 14.966094 ] }, { "date": "2026-04-17", "close": 15.48, "volume": 281100, "typical_volume": 212475.5, "trend": 14.944307, "fair_value": 12.772876, "relative_strength": -7.27247, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.055694, "energy": 31.283433, "activity_lines": [ 15.111879, 15.013431, 15.030762, 15.002652 ] }, { "date": "2026-04-24", "close": 15.43, "volume": 285000, "typical_volume": 219710.0, "trend": 14.972277, "fair_value": 12.802595, "relative_strength": -6.109921, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.862562, "energy": 48.178667, "activity_lines": [ 15.2744, 15.086391, 15.070149, 15.033987 ] }, { "date": "2026-05-01", "close": 15.364185, "volume": 171200, "typical_volume": 220152.2, "trend": 14.991231, "fair_value": 12.832536, "relative_strength": -6.206878, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.051533, "energy": 54.988641, "activity_lines": [ 15.354728, 15.142726, 15.100628, 15.059271 ] }, { "date": "2026-05-08", "close": 15.623245, "volume": 168800, "typical_volume": 223488.15, "trend": 15.025809, "fair_value": 12.864159, "relative_strength": -4.911828, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.96967, "energy": 75.446168, "activity_lines": [ 15.468864, 15.245781, 15.153308, 15.100046 ] }, { "date": "2026-05-15", "close": 15.493715, "volume": 196400, "typical_volume": 229872.4, "trend": 15.049746, "fair_value": 12.89487, "relative_strength": -4.780117, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.455683, "energy": 69.097466, "activity_lines": [ 15.492941, 15.320735, 15.190234, 15.130234 ] }, { "date": "2026-05-22", "close": 15.712919, "volume": 171600, "typical_volume": 223305.0, "trend": 15.076665, "fair_value": 12.927329, "relative_strength": -5.003704, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.820593, "energy": 68.439443, "activity_lines": [ 15.571171, 15.424838, 15.245568, 15.173019 ] }, { "date": "2026-05-29", "close": 15.902231, "volume": 252400, "typical_volume": 220070.0, "trend": 15.109227, "fair_value": 12.960679, "relative_strength": -4.46952, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.056333, "energy": 73.629007, "activity_lines": [ 15.696977, 15.546402, 15.314941, 15.226282 ] }, { "date": "2026-06-05", "close": 15.762737, "volume": 73000, "typical_volume": 207800.0, "trend": 15.141134, "fair_value": 12.993397, "relative_strength": -4.127415, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.030547, "energy": 67.975484, "activity_lines": [ 15.744803, 15.617585, 15.367417, 15.268444 ] }, { "date": "2026-06-12", "close": 15.942086, "volume": 29800, "typical_volume": 194495.0, "trend": 15.177688, "fair_value": 13.02672, "relative_strength": -4.300146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.649558, "energy": 77.480011, "activity_lines": [ 15.825842, 15.699801, 15.434265, 15.320118 ] }, { "date": "2026-06-19", "close": 16.390459, "volume": 55700, "typical_volume": 184670.0, "trend": 15.232515, "fair_value": 13.063985, "relative_strength": -1.538482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.350487, "energy": 91.555824, "activity_lines": [ 16.035082, 15.844955, 15.539801, 15.398361 ] }, { "date": "2026-06-26", "close": 16.240999, "volume": 77800, "typical_volume": 176230.0, "trend": 15.273042, "fair_value": 13.098876, "relative_strength": -2.272967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.998062, "energy": 85.715193, "activity_lines": [ 16.13472, 15.941471, 15.624502, 15.463425 ] }, { "date": "2026-07-03", "close": 16.15, "volume": 12200, "typical_volume": 167610.0, "trend": 15.315528, "fair_value": 13.134074, "relative_strength": -3.358618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.951888, "energy": 83.177582, "activity_lines": [ 16.168819, 16.007606, 15.695217, 15.520003 ] }, { "date": "2026-07-10", "close": 16.120001, "volume": 148300, "typical_volume": 163470.0, "trend": 15.358012, "fair_value": 13.167784, "relative_strength": -3.49311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.42429, "energy": 79.139406, "activity_lines": [ 16.1764, 16.055196, 15.758427, 15.571904 ] }, { "date": "2026-07-17", "close": 15.91, "volume": 113400, "typical_volume": 159235.0, "trend": 15.3915, "fair_value": 13.199843, "relative_strength": -4.429009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.1522, "energy": 53.580868, "activity_lines": [ 16.090164, 16.050861, 15.797937, 15.607516 ] }, { "date": "2026-07-24", "close": 15.91, "volume": 123300, "typical_volume": 151965.0, "trend": 15.422658, "fair_value": 13.231639, "relative_strength": -4.49192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.466355, "energy": 38.676627, "activity_lines": [ 16.006067, 16.041313, 15.83489, 15.640968 ] }, { "date": "2026-07-31", "close": 15.93, "volume": 163800, "typical_volume": 151390.0, "trend": 15.457828, "fair_value": 13.26409, "relative_strength": -3.75284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.200749, "energy": 29.792804, "activity_lines": [ 15.960667, 16.027833, 15.868962, 15.6737 ] }, { "date": "2026-08-07", "close": 16.209999, "volume": 146600, "typical_volume": 152675.0, "trend": 15.493365, "fair_value": 13.298579, "relative_strength": -4.941261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.065698, "energy": 34.72334, "activity_lines": [ 16.029333, 16.061314, 15.924225, 15.722227 ] } ], "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." } } }