{ "ticker": { "uuid": "38dd8d5a-623b-4c76-bd5d-374862b0fd5f", "symbol": "IBDW", "name": "ISHARES TRUST IBONDS DEC 2031 TERM CORPORATE ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 74.778, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.843, "architecture_energy": 48.914, "architecture_maturity": 4.288, "architecture_confidence": 91.996, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 28.94, "rotation_up": 13.72, "upward_expansion": 9.99, "deceleration": 39.66, "rotation_down": 61.44, "downward_expansion": 85.66 }, "activity_lines": [ 20.586688, 20.622663, 20.657405, 20.684033 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 20.65, "trend_reference": 20.724723, "distance_from_trend": -0.003606, "trend_direction": "Weakening", "fair_value": 19.355453, "distance_from_fair_value": 0.066883, "fair_value_direction": "Weakening", "relative_strength": -11.038141, "relative_strength_direction": "Weakening", "price_momentum": -0.009108, "excess_performance": -0.134733, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.003606, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.000339, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.066883, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.019938, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.110381, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010192, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.009108, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.960268, "read": "Supply-led" } ], "volume": { "latest": 2579367, "relative_activity": 0.985074, "balance": 0.960268, "dry_up": 0.939009, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.007797, "annualized_volatility": 0.038876, "from_high_reference": -0.018841, "from_low_reference": 0.024665 }, "levels": { "trend_reference": 20.724723, "fair_value_reference": 19.355453, "structural_low": 20.459316, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.021691, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.003984, "regime_survival": 0.75, "best_return": 0.050598, "worst_return": -0.034654, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.024899, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.054345, "regime_survival": 0.5, "best_return": 0.040369, "worst_return": 0.009428, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.050178, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.112932, "regime_survival": 0.0, "best_return": 0.050178, "worst_return": 0.050178, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.115506, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.180118, "regime_survival": 0.0, "best_return": 0.115506, "worst_return": 0.115506, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-25", "end": "2023-12-01", "tenure": "Established", "return": 0.031478, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-08", "end": "2023-12-22", "tenure": "New", "return": 0.030527, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-02-09", "tenure": "Developing", "return": -0.015337, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-16", "end": "2024-03-22", "tenure": "Developing", "return": 0.012498, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-05-03", "tenure": "Developing", "return": -0.008708, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-06-14", "tenure": "Developing", "return": 0.020722, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-10-18", "tenure": "Established", "return": 0.041134, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": -0.006564, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.01737, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": 0.00636, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": 0.007705, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2026-05-08", "tenure": "Extended", "return": 0.084049, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": -0.003369, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.005448, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.191838, "volume": 281841, "typical_volume": 597955.8, "trend": 17.470574, "fair_value": 18.335186, "relative_strength": -7.959518, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.89318, "energy": 48.038174, "activity_lines": [ 17.345974, 17.404573, 17.44911, 17.469789 ] }, { "date": "2023-08-25", "close": 17.292019, "volume": 851027, "typical_volume": 625709.25, "trend": 17.459864, "fair_value": 18.326035, "relative_strength": -7.962194, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.775701, "energy": 52.498766, "activity_lines": [ 17.304784, 17.378332, 17.428178, 17.458269 ] }, { "date": "2023-09-01", "close": 17.369927, "volume": 429799, "typical_volume": 631256.3, "trend": 17.449155, "fair_value": 18.317721, "relative_strength": -9.599659, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -25.540943, "energy": 42.462283, "activity_lines": [ 17.310438, 17.369835, 17.41729, 17.452467 ] }, { "date": "2023-09-08", "close": 17.308704, "volume": 522034, "typical_volume": 646836.25, "trend": 17.449175, "fair_value": 18.309023, "relative_strength": -8.6049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.060909, "energy": 48.213528, "activity_lines": [ 17.30616, 17.352755, 17.402129, 17.443406 ] }, { "date": "2023-09-15", "close": 17.264011, "volume": 699180, "typical_volume": 617835.85, "trend": 17.451963, "fair_value": 18.300091, "relative_strength": -8.485081, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.99987, "energy": 34.824285, "activity_lines": [ 17.296035, 17.331369, 17.384113, 17.431459 ] }, { "date": "2023-09-22", "close": 17.168765, "volume": 443879, "typical_volume": 622385.55, "trend": 17.4564, "fair_value": 18.290504, "relative_strength": -6.00631, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.151414, "energy": 35.757211, "activity_lines": [ 17.25719, 17.292084, 17.359375, 17.413189 ] }, { "date": "2023-09-29", "close": 16.954483, "volume": 644319, "typical_volume": 630376.65, "trend": 17.451283, "fair_value": 18.279277, "relative_strength": -6.254761, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.915215, "energy": 59.574199, "activity_lines": [ 17.148456, 17.22051, 17.316681, 17.380807 ] }, { "date": "2023-10-06", "close": 16.723116, "volume": 1326161, "typical_volume": 663386.0, "trend": 17.435606, "fair_value": 18.266309, "relative_strength": -7.694392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.433827, "energy": 79.810461, "activity_lines": [ 16.985102, 17.1187, 17.255303, 17.333828 ] }, { "date": "2023-10-13", "close": 16.925128, "volume": 619390, "typical_volume": 663340.65, "trend": 17.418403, "fair_value": 18.255225, "relative_strength": -6.734071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.81123, "energy": 77.00473, "activity_lines": [ 16.932206, 17.068237, 17.216262, 17.300894 ] }, { "date": "2023-10-20", "close": 16.573802, "volume": 820714, "typical_volume": 686895.65, "trend": 17.381797, "fair_value": 18.241442, "relative_strength": -6.26966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.283049, "energy": 87.553539, "activity_lines": [ 16.787773, 16.963338, 17.145775, 17.246404 ] }, { "date": "2023-10-27", "close": 16.696766, "volume": 836284, "typical_volume": 698480.25, "trend": 17.350427, "fair_value": 18.228884, "relative_strength": -3.077773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.762862, "energy": 82.177535, "activity_lines": [ 16.730342, 16.894172, 17.09142, 17.202208 ] }, { "date": "2023-11-03", "close": 17.075783, "volume": 1112697, "typical_volume": 727413.15, "trend": 17.324851, "fair_value": 18.219585, "relative_strength": -6.1656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.349644, "energy": 49.521382, "activity_lines": [ 16.830717, 16.90292, 17.076541, 17.184489 ] }, { "date": "2023-11-10", "close": 17.093423, "volume": 3762002, "typical_volume": 896848.8, "trend": 17.304724, "fair_value": 18.210576, "relative_strength": -7.168424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.914731, "energy": 36.175801, "activity_lines": [ 16.928885, 16.918806, 17.06531, 17.169559 ] }, { "date": "2023-11-17", "close": 17.410948, "volume": 1101643, "typical_volume": 931288.6, "trend": 17.298327, "fair_value": 18.204229, "relative_strength": -7.386087, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.333601, "energy": 16.279598, "activity_lines": [ 17.108208, 16.997451, 17.086303, 17.176412 ] }, { "date": "2023-11-24", "close": 17.455049, "volume": 1136859, "typical_volume": 971536.4, "trend": 17.288253, "fair_value": 18.19833, "relative_strength": -7.870216, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.939152, "energy": 23.215475, "activity_lines": [ 17.269843, 17.082256, 17.11201, 17.186523 ] }, { "date": "2023-12-01", "close": 17.836341, "volume": 1031236, "typical_volume": 961908.85, "trend": 17.293339, "fair_value": 18.195502, "relative_strength": -6.442768, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.189418, "energy": 45.473524, "activity_lines": [ 17.499825, 17.232913, 17.172968, 17.221883 ] }, { "date": "2023-12-08", "close": 17.836341, "volume": 1410121, "typical_volume": 1008700.0, "trend": 17.299286, "fair_value": 18.192718, "relative_strength": -6.415425, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.945366, "energy": 64.051169, "activity_lines": [ 17.653836, 17.371433, 17.232494, 17.256916 ] }, { "date": "2023-12-15", "close": 18.291902, "volume": 2174437, "typical_volume": 1081856.7, "trend": 17.329889, "fair_value": 18.193481, "relative_strength": -5.967254, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.973818, "energy": 78.964666, "activity_lines": [ 17.908996, 17.576748, 17.334307, 17.320956 ] }, { "date": "2023-12-22", "close": 18.380827, "volume": 930149, "typical_volume": 1054692.3, "trend": 17.364317, "fair_value": 18.194911, "relative_strength": -6.084963, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.020685, "energy": 89.556817, "activity_lines": [ 18.1139, 17.769707, 17.440946, 17.388758 ] }, { "date": "2023-12-29", "close": 18.469753, "volume": 782556, "typical_volume": 1045816.4, "trend": 17.396564, "fair_value": 18.196993, "relative_strength": -5.698393, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.597543, "energy": 91.288404, "activity_lines": [ 18.283787, 17.952368, 17.551596, 17.460076 ] }, { "date": "2024-01-05", "close": 18.194085, "volume": 1407055, "typical_volume": 1102077.1, "trend": 17.42282, "fair_value": 18.196971, "relative_strength": -5.344358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.4145, "energy": 84.313131, "activity_lines": [ 18.294138, 18.050436, 17.630466, 17.511529 ] }, { "date": "2024-01-12", "close": 18.407505, "volume": 1287439, "typical_volume": 1123897.7, "trend": 17.453442, "fair_value": 18.198543, "relative_strength": -5.720513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.711888, "energy": 81.047593, "activity_lines": [ 18.351779, 18.160083, 17.72489, 17.575058 ] }, { "date": "2024-01-19", "close": 18.21187, "volume": 1212293, "typical_volume": 1163022.4, "trend": 17.476834, "fair_value": 18.198641, "relative_strength": -7.511961, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.328456, "energy": 60.913751, "activity_lines": [ 18.306131, 18.209947, 17.79537, 17.623988 ] }, { "date": "2024-01-26", "close": 18.21187, "volume": 1377274, "typical_volume": 1205784.4, "trend": 17.499938, "fair_value": 18.198739, "relative_strength": -8.166312, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.596394, "energy": 51.756583, "activity_lines": [ 18.265818, 18.239476, 17.86184, 17.67141 ] }, { "date": "2024-02-02", "close": 18.365042, "volume": 2017095, "typical_volume": 1271680.15, "trend": 17.537705, "fair_value": 18.199952, "relative_strength": -8.41652, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.352226, "energy": 53.843383, "activity_lines": [ 18.287826, 18.282292, 17.938598, 17.727223 ] }, { "date": "2024-02-09", "close": 18.18648, "volume": 1439797, "typical_volume": 1321476.05, "trend": 17.559396, "fair_value": 18.199855, "relative_strength": -10.257993, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.62347, "energy": 41.357783, "activity_lines": [ 18.257295, 18.276097, 17.993106, 17.76908 ] }, { "date": "2024-02-16", "close": 18.106128, "volume": 1560890, "typical_volume": 1367304.6, "trend": 17.576096, "fair_value": 18.199181, "relative_strength": -10.070629, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.865442, "energy": 37.612881, "activity_lines": [ 18.200486, 18.248926, 18.035116, 17.804353 ] }, { "date": "2024-02-23", "close": 18.159696, "volume": 1035640, "typical_volume": 1352778.55, "trend": 17.597184, "fair_value": 18.198898, "relative_strength": -10.951065, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.821815, "energy": 33.610781, "activity_lines": [ 18.181626, 18.22659, 18.076743, 17.842004 ] }, { "date": "2024-03-01", "close": 18.22484, "volume": 675582, "typical_volume": 1355588.15, "trend": 17.623196, "fair_value": 18.199082, "relative_strength": -11.186542, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.693065, "energy": 30.098554, "activity_lines": [ 18.187958, 18.218501, 18.117734, 17.882498 ] }, { "date": "2024-03-08", "close": 18.377236, "volume": 1259245, "typical_volume": 1377514.7, "trend": 17.658789, "fair_value": 18.200337, "relative_strength": -9.84217, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.590706, "energy": 40.01142, "activity_lines": [ 18.244224, 18.240957, 18.16705, 17.931146 ] }, { "date": "2024-03-15", "close": 18.197946, "volume": 916363, "typical_volume": 1381518.65, "trend": 17.692326, "fair_value": 18.20032, "relative_strength": -10.252152, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.800324, "energy": 37.943977, "activity_lines": [ 18.239914, 18.232498, 18.190702, 17.96593 ] }, { "date": "2024-03-22", "close": 18.332414, "volume": 1176179, "typical_volume": 1384692.75, "trend": 17.727006, "fair_value": 18.201238, "relative_strength": -11.127605, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.559324, "energy": 46.755381, "activity_lines": [ 18.279663, 18.248416, 18.220013, 18.007226 ] }, { "date": "2024-03-29", "close": 18.368272, "volume": 693259, "typical_volume": 1231255.6, "trend": 17.760284, "fair_value": 18.20239, "relative_strength": -10.898305, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.58777, "energy": 52.464383, "activity_lines": [ 18.316278, 18.27222, 18.246754, 18.048598 ] }, { "date": "2024-04-05", "close": 18.202759, "volume": 1007638, "typical_volume": 1226555.35, "trend": 17.790086, "fair_value": 18.202392, "relative_strength": -10.512248, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.622618, "energy": 38.272051, "activity_lines": [ 18.283817, 18.263087, 18.251662, 18.077145 ] }, { "date": "2024-04-12", "close": 18.058721, "volume": 910256, "typical_volume": 1215225.2, "trend": 17.816576, "fair_value": 18.201415, "relative_strength": -9.540317, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.096754, "energy": 19.24034, "activity_lines": [ 18.204815, 18.22793, 18.239082, 18.094476 ] }, { "date": "2024-04-19", "close": 17.94169, "volume": 802412, "typical_volume": 1203784.0, "trend": 17.842341, "fair_value": 18.19966, "relative_strength": -6.953992, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -2.905628, "energy": 11.415011, "activity_lines": [ 18.108038, 18.177065, 18.21248, 18.102548 ] }, { "date": "2024-04-26", "close": 17.950693, "volume": 653503, "typical_volume": 1165953.1, "trend": 17.875548, "fair_value": 18.197989, "relative_strength": -8.947115, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -4.222619, "energy": 21.548014, "activity_lines": [ 18.031345, 18.132287, 18.186235, 18.109539 ] }, { "date": "2024-05-03", "close": 18.208312, "volume": 917935, "typical_volume": 1103128.0, "trend": 17.925054, "fair_value": 18.198058, "relative_strength": -7.828163, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.168213, "energy": 19.946433, "activity_lines": [ 18.065974, 18.137175, 18.18398, 18.131007 ] }, { "date": "2024-05-10", "close": 18.181189, "volume": 738058, "typical_volume": 1093523.45, "trend": 17.966923, "fair_value": 18.197946, "relative_strength": -9.263721, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.640664, "energy": 13.828779, "activity_lines": [ 18.102225, 18.136248, 18.179541, 18.147532 ] }, { "date": "2024-05-17", "close": 18.316802, "volume": 555008, "typical_volume": 1082146.05, "trend": 18.025023, "fair_value": 18.198728, "relative_strength": -9.734578, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.97877, "energy": 19.657046, "activity_lines": [ 18.185119, 18.160772, 18.188967, 18.170105 ] }, { "date": "2024-05-24", "close": 18.271598, "volume": 714760, "typical_volume": 1047531.3, "trend": 18.077517, "fair_value": 18.199204, "relative_strength": -9.620369, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.579845, "energy": 27.837092, "activity_lines": [ 18.235739, 18.178175, 18.194817, 18.186013 ] }, { "date": "2024-05-31", "close": 18.289679, "volume": 573361, "typical_volume": 1011827.4, "trend": 18.11798, "fair_value": 18.199792, "relative_strength": -8.862989, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.8646, "energy": 29.597267, "activity_lines": [ 18.270392, 18.197527, 18.202019, 18.199701 ] }, { "date": "2024-06-07", "close": 18.340034, "volume": 2424997, "typical_volume": 1072462.6, "trend": 18.159534, "fair_value": 18.200697, "relative_strength": -9.440169, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.669449, "energy": 37.752465, "activity_lines": [ 18.299232, 18.226811, 18.214578, 18.214027 ] }, { "date": "2024-06-14", "close": 18.557935, "volume": 931003, "typical_volume": 1050149.05, "trend": 18.197767, "fair_value": 18.202987, "relative_strength": -9.568057, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.964984, "energy": 63.666168, "activity_lines": [ 18.391923, 18.296227, 18.24728, 18.23973 ] }, { "date": "2024-06-21", "close": 18.530698, "volume": 707270, "typical_volume": 984657.8, "trend": 18.233622, "fair_value": 18.191847, "relative_strength": -9.959976, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.101549, "energy": 66.047851, "activity_lines": [ 18.450419, 18.354232, 18.275739, 18.26121 ] }, { "date": "2024-06-28", "close": 18.421747, "volume": 1337244, "typical_volume": 979530.15, "trend": 18.253135, "fair_value": 18.17888, "relative_strength": -10.15703, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.88413, "energy": 60.702191, "activity_lines": [ 18.458339, 18.383848, 18.293034, 18.273347 ] }, { "date": "2024-07-05", "close": 18.618159, "volume": 647336, "typical_volume": 933852.45, "trend": 18.279196, "fair_value": 18.166651, "relative_strength": -10.618593, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.86706, "energy": 69.088134, "activity_lines": [ 18.521719, 18.440446, 18.327914, 18.296897 ] }, { "date": "2024-07-12", "close": 18.764041, "volume": 683453, "typical_volume": 916243.1, "trend": 18.294934, "fair_value": 18.154864, "relative_strength": -10.5006, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.70867, "energy": 74.517211, "activity_lines": [ 18.611828, 18.511432, 18.374249, 18.328177 ] }, { "date": "2024-07-19", "close": 18.6911, "volume": 931673, "typical_volume": 929047.65, "trend": 18.305276, "fair_value": 18.142194, "relative_strength": -8.807608, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.67422, "energy": 71.472999, "activity_lines": [ 18.649356, 18.559053, 18.410759, 18.353736 ] }, { "date": "2024-07-26", "close": 18.745806, "volume": 1705241, "typical_volume": 951347.45, "trend": 18.314478, "fair_value": 18.12933, "relative_strength": -7.563656, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.817593, "energy": 76.561539, "activity_lines": [ 18.696241, 18.607349, 18.45026, 18.382157 ] }, { "date": "2024-08-02", "close": 19.115412, "volume": 844870, "typical_volume": 947772.8, "trend": 18.345189, "fair_value": 18.119683, "relative_strength": -3.514583, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.830878, "energy": 90.735808, "activity_lines": [ 18.851988, 18.715045, 18.523206, 18.433831 ] }, { "date": "2024-08-09", "close": 19.005553, "volume": 881868, "typical_volume": 933057.25, "trend": 18.365124, "fair_value": 18.109134, "relative_strength": -3.899939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.768733, "energy": 85.721228, "activity_lines": [ 18.924871, 18.787426, 18.58132, 18.476435 ] }, { "date": "2024-08-16", "close": 19.152031, "volume": 1214979, "typical_volume": 959143.25, "trend": 18.396463, "fair_value": 18.099469, "relative_strength": -6.623222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.43587, "energy": 90.860191, "activity_lines": [ 19.020754, 18.873423, 18.650179, 18.527203 ] }, { "date": "2024-08-23", "close": 19.289355, "volume": 1140145, "typical_volume": 965768.6, "trend": 18.432379, "fair_value": 18.090739, "relative_strength": -6.99418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.714477, "energy": 92.846715, "activity_lines": [ 19.136546, 18.969624, 18.728385, 18.584809 ] }, { "date": "2024-08-30", "close": 19.206961, "volume": 1114417, "typical_volume": 975976.65, "trend": 18.460443, "fair_value": 18.081368, "relative_strength": -7.406472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.43434, "energy": 85.346433, "activity_lines": [ 19.184989, 19.037546, 18.793569, 18.634782 ] }, { "date": "2024-09-06", "close": 19.396697, "volume": 932586, "typical_volume": 982485.35, "trend": 18.500783, "fair_value": 18.07324, "relative_strength": -2.277515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.058698, "energy": 90.071402, "activity_lines": [ 19.265934, 19.127669, 18.871355, 18.695185 ] }, { "date": "2024-09-13", "close": 19.497818, "volume": 1495039, "typical_volume": 1024562.15, "trend": 18.547173, "fair_value": 18.06615, "relative_strength": -5.32159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.406392, "energy": 91.594406, "activity_lines": [ 19.361833, 19.218452, 18.951844, 18.75951 ] }, { "date": "2024-09-20", "close": 19.534588, "volume": 1061436, "typical_volume": 1031737.2, "trend": 18.593003, "fair_value": 18.059714, "relative_strength": -6.17485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.355084, "energy": 87.076141, "activity_lines": [ 19.437172, 19.299927, 19.028467, 18.823214 ] }, { "date": "2024-09-27", "close": 19.534588, "volume": 1603610, "typical_volume": 1075014.8, "trend": 18.636661, "fair_value": 18.053767, "relative_strength": -6.407978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.018104, "energy": 84.217019, "activity_lines": [ 19.487007, 19.367392, 19.098774, 18.883962 ] }, { "date": "2024-10-04", "close": 19.34369, "volume": 2032594, "typical_volume": 1148894.1, "trend": 18.668876, "fair_value": 18.048191, "relative_strength": -7.28854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.316493, "energy": 66.108239, "activity_lines": [ 19.45686, 19.384812, 19.144456, 18.929577 ] }, { "date": "2024-10-11", "close": 19.279088, "volume": 1472549, "typical_volume": 1186783.55, "trend": 18.704914, "fair_value": 18.041469, "relative_strength": -8.33613, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.186378, "energy": 61.677709, "activity_lines": [ 19.396064, 19.379615, 19.179095, 18.968945 ] }, { "date": "2024-10-18", "close": 19.292932, "volume": 1270031, "typical_volume": 1221617.05, "trend": 18.736932, "fair_value": 18.035959, "relative_strength": -8.723603, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.156281, "energy": 47.085446, "activity_lines": [ 19.347723, 19.37396, 19.210256, 19.006882 ] }, { "date": "2024-10-25", "close": 19.122198, "volume": 989863, "typical_volume": 1149860.35, "trend": 18.762062, "fair_value": 18.028202, "relative_strength": -8.264937, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.03839, "energy": 28.151133, "activity_lines": [ 19.25613, 19.332037, 19.220378, 19.031738 ] }, { "date": "2024-11-01", "close": 18.988004, "volume": 987264, "typical_volume": 1152673.4, "trend": 18.788237, "fair_value": 18.018341, "relative_strength": -7.307551, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.709138, "energy": 27.990104, "activity_lines": [ 19.147298, 19.266257, 19.213996, 19.046314 ] }, { "date": "2024-11-08", "close": 19.164076, "volume": 1565115, "typical_volume": 1195565.65, "trend": 18.825082, "fair_value": 18.011075, "relative_strength": -10.34397, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.599093, "energy": 26.895698, "activity_lines": [ 19.133596, 19.23797, 19.222334, 19.070562 ] }, { "date": "2024-11-15", "close": 18.99727, "volume": 1799987, "typical_volume": 1218702.8, "trend": 18.860268, "fair_value": 18.002766, "relative_strength": -8.907654, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.16611, "energy": 21.620094, "activity_lines": [ 19.076266, 19.180134, 19.21177, 19.081671 ] }, { "date": "2024-11-22", "close": 19.034338, "volume": 1209183, "typical_volume": 1246795.15, "trend": 18.89639, "fair_value": 17.995296, "relative_strength": -9.890216, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.375291, "energy": 20.817776, "activity_lines": [ 19.05008, 19.1363, 19.201996, 19.092901 ] }, { "date": "2024-11-29", "close": 19.284546, "volume": 738924, "typical_volume": 1249568.7, "trend": 18.932264, "fair_value": 17.987733, "relative_strength": -9.410276, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.765029, "energy": 14.052779, "activity_lines": [ 19.124537, 19.146385, 19.214069, 19.117944 ] }, { "date": "2024-12-06", "close": 19.371962, "volume": 2005063, "typical_volume": 1303238.2, "trend": 18.971957, "fair_value": 17.981485, "relative_strength": -9.421732, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.97481, "energy": 24.242903, "activity_lines": [ 19.217308, 19.17691, 19.231989, 19.146311 ] }, { "date": "2024-12-13", "close": 19.167263, "volume": 1794204, "typical_volume": 1307686.35, "trend": 19.000306, "fair_value": 17.97328, "relative_strength": -9.467826, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.293337, "energy": 22.727279, "activity_lines": [ 19.21625, 19.173174, 19.227171, 19.158912 ] }, { "date": "2024-12-20", "close": 18.996688, "volume": 1576785, "typical_volume": 1344282.1, "trend": 19.024475, "fair_value": 17.964292, "relative_strength": -8.235281, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.127394, "energy": 13.098832, "activity_lines": [ 19.158121, 19.141632, 19.204102, 19.158678 ] }, { "date": "2024-12-27", "close": 18.987344, "volume": 2273723, "typical_volume": 1413874.85, "trend": 19.047731, "fair_value": 17.955389, "relative_strength": -8.501322, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.513602, "energy": 6.763186, "activity_lines": [ 19.096915, 19.113526, 19.180708, 19.156283 ] }, { "date": "2025-01-03", "close": 18.996688, "volume": 1071403, "typical_volume": 1406696.05, "trend": 19.069619, "fair_value": 17.94917, "relative_strength": -7.611718, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.602705, "energy": 31.403215, "activity_lines": [ 19.041958, 19.092675, 19.15829, 19.15299 ] }, { "date": "2025-01-10", "close": 18.828493, "volume": 1307942, "typical_volume": 1415085.9, "trend": 19.078638, "fair_value": 17.942142, "relative_strength": -6.275558, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.082549, "energy": 58.516334, "activity_lines": [ 18.950126, 19.043525, 19.120594, 19.137433 ] }, { "date": "2025-01-17", "close": 19.015376, "volume": 2363714, "typical_volume": 1477550.75, "trend": 19.094794, "fair_value": 17.936772, "relative_strength": -7.72343, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.511046, "energy": 49.505758, "activity_lines": [ 18.956819, 19.031254, 19.10289, 19.133352 ] }, { "date": "2025-01-24", "close": 19.071441, "volume": 1094730, "typical_volume": 1485657.95, "trend": 19.11645, "fair_value": 17.932681, "relative_strength": -8.70335, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.572868, "energy": 37.647431, "activity_lines": [ 18.992327, 19.03188, 19.091439, 19.131845 ] }, { "date": "2025-01-31", "close": 19.155539, "volume": 1123820, "typical_volume": 1467097.0, "trend": 19.134363, "fair_value": 17.930669, "relative_strength": -7.062167, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.975881, "energy": 11.712048, "activity_lines": [ 19.050884, 19.046449, 19.089546, 19.134367 ] }, { "date": "2025-02-07", "close": 19.179306, "volume": 1878102, "typical_volume": 1507930.3, "trend": 19.148205, "fair_value": 17.929099, "relative_strength": -6.530911, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.608674, "energy": 16.962083, "activity_lines": [ 19.10615, 19.063134, 19.091546, 19.137266 ] }, { "date": "2025-02-14", "close": 19.254372, "volume": 1340401, "typical_volume": 1494769.85, "trend": 19.166981, "fair_value": 17.929063, "relative_strength": -7.271483, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.203269, "energy": 18.430423, "activity_lines": [ 19.174264, 19.095382, 19.102387, 19.144116 ] }, { "date": "2025-02-21", "close": 19.301288, "volume": 949197, "typical_volume": 1440600.0, "trend": 19.185497, "fair_value": 17.929855, "relative_strength": -5.317101, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.592876, "energy": 28.240962, "activity_lines": [ 19.229624, 19.138298, 19.11903, 19.152781 ] }, { "date": "2025-02-28", "close": 19.517102, "volume": 1027840, "typical_volume": 1418364.55, "trend": 19.198887, "fair_value": 17.930926, "relative_strength": -3.157938, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.582378, "energy": 59.111445, "activity_lines": [ 19.337862, 19.218016, 19.156429, 19.174175 ] }, { "date": "2025-03-07", "close": 19.445134, "volume": 1818235, "typical_volume": 1445774.75, "trend": 19.213539, "fair_value": 17.934977, "relative_strength": -0.308417, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.941251, "energy": 59.880464, "activity_lines": [ 19.392399, 19.275187, 19.185841, 19.190062 ] }, { "date": "2025-03-14", "close": 19.369766, "volume": 1190660, "typical_volume": 1455814.6, "trend": 19.220797, "fair_value": 17.938136, "relative_strength": 1.7121, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.758105, "energy": 58.87242, "activity_lines": [ 19.402508, 19.310331, 19.20735, 19.200141 ] }, { "date": "2025-03-21", "close": 19.520503, "volume": 980957, "typical_volume": 1455499.25, "trend": 19.228502, "fair_value": 17.944969, "relative_strength": 2.04262, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.308546, "energy": 65.349847, "activity_lines": [ 19.450165, 19.366098, 19.242036, 19.219477 ] }, { "date": "2025-03-28", "close": 19.539345, "volume": 1602262, "typical_volume": 1457356.6, "trend": 19.239581, "fair_value": 17.950232, "relative_strength": 3.693881, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.383773, "energy": 57.96857, "activity_lines": [ 19.48636, 19.412709, 19.275981, 19.239531 ] }, { "date": "2025-04-04", "close": 19.667476, "volume": 1578886, "typical_volume": 1446301.55, "trend": 19.248607, "fair_value": 17.960038, "relative_strength": 14.561941, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.14132, "energy": 69.347098, "activity_lines": [ 19.549396, 19.473091, 19.320342, 19.267137 ] }, { "date": "2025-04-11", "close": 19.137712, "volume": 1499214, "typical_volume": 1460803.1, "trend": 19.236604, "fair_value": 17.967594, "relative_strength": 5.489865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.619926, "energy": 27.204858, "activity_lines": [ 19.425818, 19.426314, 19.311057, 19.259983 ] }, { "date": "2025-04-18", "close": 19.445164, "volume": 1095820, "typical_volume": 1478647.9, "trend": 19.233623, "fair_value": 17.978963, "relative_strength": 8.702719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.224771, "energy": 27.009164, "activity_lines": [ 19.425219, 19.435762, 19.330562, 19.273438 ] }, { "date": "2025-04-25", "close": 19.601255, "volume": 981773, "typical_volume": 1427483.4, "trend": 19.235845, "fair_value": 17.991993, "relative_strength": 4.763643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.058887, "energy": 32.93041, "activity_lines": [ 19.471624, 19.468756, 19.364167, 19.297156 ] }, { "date": "2025-05-02", "close": 19.568696, "volume": 1138277, "typical_volume": 1394687.05, "trend": 19.243346, "fair_value": 18.006562, "relative_strength": 1.703331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.670307, "energy": 27.426564, "activity_lines": [ 19.501793, 19.489524, 19.39358, 19.318631 ] }, { "date": "2025-05-09", "close": 19.521199, "volume": 785039, "typical_volume": 1355099.75, "trend": 19.251416, "fair_value": 18.019634, "relative_strength": 1.935388, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.337942, "energy": 32.679881, "activity_lines": [ 19.514172, 19.496794, 19.416557, 19.336557 ] }, { "date": "2025-05-16", "close": 19.597194, "volume": 1415763, "typical_volume": 1312201.75, "trend": 19.261558, "fair_value": 18.03232, "relative_strength": -2.696952, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.083634, "energy": 35.131937, "activity_lines": [ 19.561635, 19.517806, 19.444275, 19.358865 ] }, { "date": "2025-05-23", "close": 19.559197, "volume": 1237620, "typical_volume": 1320512.6, "trend": 19.276125, "fair_value": 18.042777, "relative_strength": -0.288627, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.905142, "energy": 31.374067, "activity_lines": [ 19.5658, 19.529145, 19.465469, 19.378067 ] }, { "date": "2025-05-30", "close": 19.739685, "volume": 989581, "typical_volume": 1304594.55, "trend": 19.301181, "fair_value": 18.056196, "relative_strength": -1.032148, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.818087, "energy": 38.703598, "activity_lines": [ 19.622526, 19.569857, 19.501175, 19.407974 ] }, { "date": "2025-06-06", "close": 19.620638, "volume": 1369328, "typical_volume": 1254875.25, "trend": 19.316399, "fair_value": 18.071249, "relative_strength": -3.117963, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.712476, "energy": 31.541066, "activity_lines": [ 19.630341, 19.584938, 19.521204, 19.428585 ] }, { "date": "2025-06-13", "close": 19.754176, "volume": 1054328, "typical_volume": 1252855.15, "trend": 19.34163, "fair_value": 18.088405, "relative_strength": -2.02335, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.22674, "energy": 34.077072, "activity_lines": [ 19.679205, 19.62282, 19.551068, 19.456828 ] }, { "date": "2025-06-20", "close": 19.840023, "volume": 953394, "typical_volume": 1244333.85, "trend": 19.368486, "fair_value": 18.105418, "relative_strength": -1.379367, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.086836, "energy": 44.185541, "activity_lines": [ 19.741153, 19.674735, 19.585857, 19.488983 ] }, { "date": "2025-06-27", "close": 20.002177, "volume": 1096494, "typical_volume": 1205253.45, "trend": 19.392407, "fair_value": 18.121806, "relative_strength": -3.813889, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.234846, "energy": 50.166417, "activity_lines": [ 19.840964, 19.743363, 19.63283, 19.529866 ] }, { "date": "2025-07-04", "close": 20.001714, "volume": 1092303, "typical_volume": 1192848.55, "trend": 19.413398, "fair_value": 18.139376, "relative_strength": -5.312687, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.228741, "energy": 58.955841, "activity_lines": [ 19.911089, 19.801779, 19.67584, 19.569176 ] }, { "date": "2025-07-11", "close": 19.94904, "volume": 1247034, "typical_volume": 1207740.4, "trend": 19.439458, "fair_value": 18.155198, "relative_strength": -5.197141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.890669, "energy": 61.512524, "activity_lines": [ 19.946187, 19.843338, 19.710275, 19.603734 ] }, { "date": "2025-07-18", "close": 20.006503, "volume": 2044667, "typical_volume": 1258581.75, "trend": 19.473118, "fair_value": 18.169736, "relative_strength": -5.384297, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.246666, "energy": 60.639175, "activity_lines": [ 19.978546, 19.888428, 19.747098, 19.640317 ] }, { "date": "2025-07-25", "close": 20.063965, "volume": 4004683, "typical_volume": 1367904.15, "trend": 19.509006, "fair_value": 18.183126, "relative_strength": -6.350475, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.641835, "energy": 56.529961, "activity_lines": [ 20.013237, 19.935143, 19.787064, 19.678436 ] }, { "date": "2025-08-01", "close": 20.22984, "volume": 1319126, "typical_volume": 1374327.45, "trend": 19.550111, "fair_value": 18.199066, "relative_strength": -3.030923, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.034373, "energy": 63.373466, "activity_lines": [ 20.088291, 20.00353, 19.83988, 19.724942 ] }, { "date": "2025-08-08", "close": 20.181765, "volume": 1530955, "typical_volume": 1401827.35, "trend": 19.59522, "fair_value": 18.213456, "relative_strength": -5.368412, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.356018, "energy": 58.364757, "activity_lines": [ 20.132142, 20.050982, 19.884022, 19.765694 ] }, { "date": "2025-08-15", "close": 20.24907, "volume": 1840081, "typical_volume": 1413718.3, "trend": 19.636343, "fair_value": 18.230401, "relative_strength": -5.786538, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.161278, "energy": 66.855856, "activity_lines": [ 20.186424, 20.102634, 19.931425, 19.807878 ] }, { "date": "2025-08-22", "close": 20.325989, "volume": 2116243, "typical_volume": 1440586.15, "trend": 19.678161, "fair_value": 18.248426, "relative_strength": -5.526315, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.366027, "energy": 70.855785, "activity_lines": [ 20.246344, 20.156846, 19.982774, 19.852371 ] }, { "date": "2025-08-29", "close": 20.354834, "volume": 2049824, "typical_volume": 1468116.65, "trend": 19.718138, "fair_value": 18.268674, "relative_strength": -5.193223, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.343937, "energy": 66.052661, "activity_lines": [ 20.29458, 20.205905, 20.033734, 19.896027 ] }, { "date": "2025-09-05", "close": 20.512215, "volume": 1204853, "typical_volume": 1473568.3, "trend": 19.762568, "fair_value": 18.290171, "relative_strength": -4.526951, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.969424, "energy": 78.380998, "activity_lines": [ 20.375886, 20.274218, 20.093887, 19.947258 ] }, { "date": "2025-09-12", "close": 20.531521, "volume": 2782698, "typical_volume": 1563614.55, "trend": 19.80514, "fair_value": 18.312918, "relative_strength": -5.702752, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.252478, "energy": 73.083985, "activity_lines": [ 20.444801, 20.336769, 20.150798, 19.996868 ] }, { "date": "2025-09-19", "close": 20.531521, "volume": 3069920, "typical_volume": 1660196.7, "trend": 19.846147, "fair_value": 18.338506, "relative_strength": -6.644855, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.947457, "energy": 67.957153, "activity_lines": [ 20.490399, 20.389686, 20.203279, 20.043731 ] }, { "date": "2025-09-26", "close": 20.454298, "volume": 1297491, "typical_volume": 1685819.3, "trend": 19.877387, "fair_value": 18.365046, "relative_strength": -6.531586, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.276775, "energy": 60.072857, "activity_lines": [ 20.491427, 20.417973, 20.24382, 20.082967 ] }, { "date": "2025-10-03", "close": 20.534109, "volume": 1978914, "typical_volume": 1713976.85, "trend": 19.913686, "fair_value": 18.392105, "relative_strength": -7.014629, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.948133, "energy": 52.02794, "activity_lines": [ 20.510504, 20.452629, 20.287519, 20.125336 ] }, { "date": "2025-10-10", "close": 20.505037, "volume": 2525429, "typical_volume": 1778367.3, "trend": 19.951529, "fair_value": 18.420726, "relative_strength": -4.718357, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.744551, "energy": 46.379704, "activity_lines": [ 20.507939, 20.473451, 20.323988, 20.163488 ] }, { "date": "2025-10-17", "close": 20.631013, "volume": 2279091, "typical_volume": 1842842.8, "trend": 19.988546, "fair_value": 18.450961, "relative_strength": -5.644226, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.961954, "energy": 48.232818, "activity_lines": [ 20.547844, 20.512174, 20.367951, 20.207325 ] }, { "date": "2025-10-24", "close": 20.679466, "volume": 1601569, "typical_volume": 1854454.85, "trend": 20.02655, "fair_value": 18.479302, "relative_strength": -7.0616, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.297463, "energy": 52.921939, "activity_lines": [ 20.597267, 20.551538, 20.412283, 20.251901 ] }, { "date": "2025-10-31", "close": 20.543799, "volume": 2708095, "typical_volume": 1937143.2, "trend": 20.055761, "fair_value": 18.507382, "relative_strength": -8.132402, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.365231, "energy": 46.119934, "activity_lines": [ 20.591605, 20.558411, 20.438654, 20.285272 ] }, { "date": "2025-11-07", "close": 20.566302, "volume": 1749457, "typical_volume": 1976946.35, "trend": 20.10338, "fair_value": 18.532095, "relative_strength": -6.414365, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.960101, "energy": 42.955511, "activity_lines": [ 20.587478, 20.565415, 20.463407, 20.31821 ] }, { "date": "2025-11-14", "close": 20.517659, "volume": 1887641, "typical_volume": 2016503.7, "trend": 20.13913, "fair_value": 18.555772, "relative_strength": -6.643596, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.784275, "energy": 36.372474, "activity_lines": [ 20.56499, 20.559729, 20.480068, 20.344938 ] }, { "date": "2025-11-21", "close": 20.634402, "volume": 1875042, "typical_volume": 2055640.65, "trend": 20.173568, "fair_value": 18.578707, "relative_strength": -4.216073, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.245133, "energy": 35.527034, "activity_lines": [ 20.580574, 20.575171, 20.505394, 20.376891 ] }, { "date": "2025-11-28", "close": 20.712231, "volume": 1768906, "typical_volume": 2081734.25, "trend": 20.211686, "fair_value": 18.600196, "relative_strength": -7.168137, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.605713, "energy": 40.317425, "activity_lines": [ 20.621876, 20.602893, 20.535119, 20.411643 ] }, { "date": "2025-12-05", "close": 20.656363, "volume": 2104345, "typical_volume": 2084718.15, "trend": 20.249525, "fair_value": 18.622058, "relative_strength": -7.613022, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.96352, "energy": 38.569508, "activity_lines": [ 20.642371, 20.617171, 20.555889, 20.440332 ] }, { "date": "2025-12-12", "close": 20.627063, "volume": 2115832, "typical_volume": 1990275.6, "trend": 20.283854, "fair_value": 18.642968, "relative_strength": -7.110837, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.755118, "energy": 43.406674, "activity_lines": [ 20.645595, 20.622449, 20.570774, 20.464689 ] }, { "date": "2025-12-19", "close": 20.710409, "volume": 3261800, "typical_volume": 2087409.3, "trend": 20.322228, "fair_value": 18.665989, "relative_strength": -6.733733, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.94133, "energy": 46.98281, "activity_lines": [ 20.67255, 20.64119, 20.590916, 20.492209 ] }, { "date": "2025-12-26", "close": 20.75944, "volume": 2263535, "typical_volume": 2124038.3, "trend": 20.356219, "fair_value": 18.690836, "relative_strength": -7.708961, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.422135, "energy": 42.702241, "activity_lines": [ 20.702999, 20.665111, 20.613438, 20.520416 ] }, { "date": "2026-01-02", "close": 20.734924, "volume": 2110803, "typical_volume": 2137574.4, "trend": 20.393362, "fair_value": 18.712152, "relative_strength": -6.738042, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.963768, "energy": 41.241242, "activity_lines": [ 20.71694, 20.682241, 20.630875, 20.544849 ] }, { "date": "2026-01-09", "close": 20.739827, "volume": 2917922, "typical_volume": 2177658.35, "trend": 20.426217, "fair_value": 18.732357, "relative_strength": -8.021506, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.872766, "energy": 41.105039, "activity_lines": [ 20.731002, 20.699253, 20.646465, 20.567201 ] }, { "date": "2026-01-16", "close": 20.739827, "volume": 2878707, "typical_volume": 2219102.5, "trend": 20.456211, "fair_value": 18.752398, "relative_strength": -7.580245, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.596086, "energy": 40.114601, "activity_lines": [ 20.7395, 20.712701, 20.660085, 20.587434 ] }, { "date": "2026-01-23", "close": 20.75944, "volume": 2276642, "typical_volume": 2272691.95, "trend": 20.481453, "fair_value": 18.772566, "relative_strength": -7.077661, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.730611, "energy": 38.908178, "activity_lines": [ 20.747018, 20.72656, 20.673739, 20.606997 ] }, { "date": "2026-01-30", "close": 20.80847, "volume": 2517393, "typical_volume": 2259426.7, "trend": 20.508345, "fair_value": 18.792548, "relative_strength": -7.109586, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.133755, "energy": 42.238289, "activity_lines": [ 20.767611, 20.744938, 20.690885, 20.628095 ] }, { "date": "2026-02-06", "close": 20.839809, "volume": 4124265, "typical_volume": 2312143.95, "trend": 20.538037, "fair_value": 18.815188, "relative_strength": -6.670141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.227731, "energy": 45.661616, "activity_lines": [ 20.795382, 20.765849, 20.709698, 20.64948 ] }, { "date": "2026-02-13", "close": 20.953015, "volume": 2445643, "typical_volume": 2369551.55, "trend": 20.569587, "fair_value": 18.839371, "relative_strength": -4.873495, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.258651, "energy": 62.014919, "activity_lines": [ 20.853895, 20.805023, 20.737824, 20.676253 ] }, { "date": "2026-02-20", "close": 20.957937, "volume": 2005384, "typical_volume": 2370875.05, "trend": 20.599386, "fair_value": 18.864514, "relative_strength": -5.790523, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.619951, "energy": 71.793928, "activity_lines": [ 20.899837, 20.839698, 20.764043, 20.701307 ] }, { "date": "2026-02-27", "close": 21.007158, "volume": 2326380, "typical_volume": 2360922.6, "trend": 20.625297, "fair_value": 18.889509, "relative_strength": -4.947954, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.370806, "energy": 76.999263, "activity_lines": [ 20.947645, 20.877307, 20.792932, 20.727615 ] }, { "date": "2026-03-06", "close": 20.85951, "volume": 2994337, "typical_volume": 2396684.9, "trend": 20.647889, "fair_value": 18.913009, "relative_strength": -3.524982, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.154549, "energy": 65.566259, "activity_lines": [ 20.929722, 20.882675, 20.805369, 20.742726 ] }, { "date": "2026-03-13", "close": 20.627298, "volume": 3767925, "typical_volume": 2505002.7, "trend": 20.660496, "fair_value": 18.933433, "relative_strength": -2.932266, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.485939, "energy": 21.305747, "activity_lines": [ 20.830993, 20.844004, 20.794602, 20.741397 ] }, { "date": "2026-03-20", "close": 20.553188, "volume": 3275976, "typical_volume": 2533396.75, "trend": 20.66807, "fair_value": 18.951902, "relative_strength": -1.312115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 4.05053, "energy": 13.412613, "activity_lines": [ 20.721728, 20.793815, 20.777025, 20.734474 ] }, { "date": "2026-03-27", "close": 20.513663, "volume": 3722473, "typical_volume": 2632047.55, "trend": 20.673364, "fair_value": 18.970336, "relative_strength": 0.94182, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -32.830024, "energy": 38.019756, "activity_lines": [ 20.625943, 20.739832, 20.755639, 20.724513 ] }, { "date": "2026-04-03", "close": 20.724796, "volume": 1884509, "typical_volume": 2631890.95, "trend": 20.68045, "fair_value": 18.988809, "relative_strength": -0.937972, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -18.87714, "energy": 33.447747, "activity_lines": [ 20.630153, 20.72835, 20.754612, 20.727831 ] }, { "date": "2026-04-10", "close": 20.794242, "volume": 2328282, "typical_volume": 2654552.95, "trend": 20.689207, "fair_value": 19.008662, "relative_strength": -3.734857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -8.568945, "energy": 20.922038, "activity_lines": [ 20.676337, 20.730124, 20.759212, 20.735172 ] }, { "date": "2026-04-17", "close": 20.903372, "volume": 2571228, "typical_volume": 2694669.05, "trend": 20.701602, "fair_value": 19.029819, "relative_strength": -6.96426, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.399474, "energy": 16.637772, "activity_lines": [ 20.763249, 20.751999, 20.773445, 20.748989 ] }, { "date": "2026-04-24", "close": 20.863689, "volume": 1988616, "typical_volume": 2688882.6, "trend": 20.715249, "fair_value": 19.049732, "relative_strength": -7.25279, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.649858, "energy": 29.773978, "activity_lines": [ 20.818528, 20.765503, 20.782988, 20.759447 ] }, { "date": "2026-05-01", "close": 20.706531, "volume": 2819554, "typical_volume": 2724068.7, "trend": 20.720996, "fair_value": 19.069109, "relative_strength": -8.462648, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.877639, "energy": 22.038317, "activity_lines": [ 20.80072, 20.752056, 20.776576, 20.758884 ] }, { "date": "2026-05-08", "close": 20.746218, "volume": 1819664, "typical_volume": 2651961.9, "trend": 20.729035, "fair_value": 19.088905, "relative_strength": -10.0189, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.070147, "energy": 19.4381, "activity_lines": [ 20.783284, 20.750397, 20.773566, 20.760511 ] }, { "date": "2026-05-15", "close": 20.577549, "volume": 2446106, "typical_volume": 2661090.45, "trend": 20.727253, "fair_value": 19.109442, "relative_strength": -10.63409, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.319673, "energy": 18.359348, "activity_lines": [ 20.708197, 20.722815, 20.754321, 20.750738 ] }, { "date": "2026-05-22", "close": 20.612275, "volume": 2092749, "typical_volume": 2660187.75, "trend": 20.725014, "fair_value": 19.130367, "relative_strength": -10.901498, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.784819, "energy": 27.706508, "activity_lines": [ 20.659132, 20.706673, 20.73925, 20.74332 ] }, { "date": "2026-05-29", "close": 20.746218, "volume": 1819616, "typical_volume": 2605272.45, "trend": 20.731761, "fair_value": 19.151161, "relative_strength": -11.252684, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.526366, "energy": 21.886103, "activity_lines": [ 20.67412, 20.715158, 20.737519, 20.744688 ] }, { "date": "2026-06-05", "close": 20.609905, "volume": 2905178, "typical_volume": 2606596.0, "trend": 20.733214, "fair_value": 19.171696, "relative_strength": -9.280533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.243041, "energy": 33.960622, "activity_lines": [ 20.651503, 20.695349, 20.722776, 20.736826 ] }, { "date": "2026-06-12", "close": 20.714498, "volume": 2841458, "typical_volume": 2634836.8, "trend": 20.739776, "fair_value": 19.192374, "relative_strength": -9.021634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.803742, "energy": 29.178584, "activity_lines": [ 20.670191, 20.692806, 20.718612, 20.735619 ] }, { "date": "2026-06-19", "close": 20.704537, "volume": 3937611, "typical_volume": 2705847.7, "trend": 20.742113, "fair_value": 19.212851, "relative_strength": -9.562071, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.80925, "energy": 18.404808, "activity_lines": [ 20.687674, 20.688641, 20.713714, 20.733345 ] }, { "date": "2026-06-26", "close": 20.799169, "volume": 3305164, "typical_volume": 2664892.65, "trend": 20.745011, "fair_value": 19.233879, "relative_strength": -6.68158, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.327985, "energy": 9.197547, "activity_lines": [ 20.728234, 20.703311, 20.718324, 20.737026 ] }, { "date": "2026-07-03", "close": 20.687504, "volume": 3211994, "typical_volume": 2703210.2, "trend": 20.746049, "fair_value": 19.256029, "relative_strength": -8.888944, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.960264, "energy": 14.551672, "activity_lines": [ 20.719114, 20.699574, 20.712492, 20.733316 ] }, { "date": "2026-07-10", "close": 20.597862, "volume": 2839807, "typical_volume": 2744931.35, "trend": 20.745076, "fair_value": 19.275659, "relative_strength": -10.219286, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.065439, "energy": 19.206456, "activity_lines": [ 20.684027, 20.682742, 20.699387, 20.723756 ] }, { "date": "2026-07-17", "close": 20.637703, "volume": 2243259, "typical_volume": 2740775.3, "trend": 20.742652, "fair_value": 19.295098, "relative_strength": -8.37558, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.886328, "energy": 25.949762, "activity_lines": [ 20.663023, 20.675129, 20.691791, 20.716829 ] }, { "date": "2026-07-24", "close": 20.508219, "volume": 2633724, "typical_volume": 2722744.65, "trend": 20.734278, "fair_value": 19.314208, "relative_strength": -8.175065, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.541607, "energy": 52.378083, "activity_lines": [ 20.603978, 20.645947, 20.673623, 20.701704 ] }, { "date": "2026-07-31", "close": 20.5381, "volume": 2378639, "typical_volume": 2653280.35, "trend": 20.727718, "fair_value": 19.334039, "relative_strength": -8.724474, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.650715, "energy": 58.873426, "activity_lines": [ 20.567981, 20.623458, 20.659973, 20.689047 ] }, { "date": "2026-08-07", "close": 20.65, "volume": 2579367, "typical_volume": 2618449.9, "trend": 20.724723, "fair_value": 19.355453, "relative_strength": -11.038141, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.842609, "energy": 48.914061, "activity_lines": [ 20.586688, 20.622663, 20.657405, 20.684033 ] } ], "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." } } }