{ "ticker": { "uuid": "3a9f49a8-3dfe-4f1d-86ab-9c4a6e047e32", "symbol": "EMGF", "name": "ISHARES EMERGING MARKETS EQUITY FACTOR ETF", "exchange": "CBOE", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 80.197, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 13.658, "architecture_energy": 15.715, "architecture_maturity": 56.597, "architecture_confidence": 92.605, "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": 55.09, "rotation_up": 20.73, "upward_expansion": 47.31, "deceleration": 84.7, "rotation_down": 39.33, "downward_expansion": 29.97 }, "activity_lines": [ 68.856667, 69.803664, 69.963297, 68.484698 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 70.21, "trend_reference": 66.576658, "distance_from_trend": 0.054574, "trend_direction": "Improving", "fair_value": 49.470339, "distance_from_fair_value": 0.419234, "fair_value_direction": "Weakening", "relative_strength": 1.335272, "relative_strength_direction": "Weakening", "price_momentum": 0.113641, "excess_performance": -0.011984, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054574, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.072393, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.419234, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.132385, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013353, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.122539, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.113641, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.112881, "read": "Demand-led" } ], "volume": { "latest": 781035, "relative_activity": 1.012094, "balance": 1.112881, "dry_up": 1.167393, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.058186, "annualized_volatility": 0.281567, "from_high_reference": -0.083181, "from_low_reference": 0.354338 }, "levels": { "trend_reference": 66.576658, "fair_value_reference": 49.470339, "structural_low": 57.490781, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.002451, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.006747, "regime_survival": 0.428571, "best_return": 0.157455, "worst_return": -0.047334, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.052512, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.037036, "regime_survival": 0.0, "best_return": 0.234147, "worst_return": 0.005644, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.08803, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.067171, "regime_survival": 0.0, "best_return": 0.295923, "worst_return": 0.026159, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.21981, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.011116, "regime_survival": 0.0, "best_return": 0.293895, "worst_return": 0.145725, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-15", "tenure": "New", "return": 0.012317, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-11-08", "tenure": "Extended", "return": 0.167631, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": -0.001999, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.039136, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.007852, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": 0.006777, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.015126, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.13283, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-12-05", "tenure": "Extended", "return": 0.179308, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": 0.007409, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-20", "tenure": "Established", "return": 0.02279, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.156943, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.005636, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.039532, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 36.236084, "volume": 207301, "typical_volume": 819563.05, "trend": 36.73342, "fair_value": 39.508695, "relative_strength": -7.73558, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.942429, "energy": 16.514764, "activity_lines": [ 37.298227, 37.457069, 37.145085, 36.890895 ] }, { "date": "2023-08-25", "close": 36.76914, "volume": 353245, "typical_volume": 819306.1, "trend": 36.65944, "fair_value": 39.508424, "relative_strength": -6.92699, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.095581, "energy": 19.375284, "activity_lines": [ 37.01563, 37.334456, 37.138213, 36.893199 ] }, { "date": "2023-09-01", "close": 37.471203, "volume": 216474, "typical_volume": 669310.75, "trend": 36.664259, "fair_value": 39.517463, "relative_strength": -7.290317, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.885615, "energy": 22.349954, "activity_lines": [ 37.027484, 37.359364, 37.196679, 36.945571 ] }, { "date": "2023-09-08", "close": 36.920286, "volume": 137132, "typical_volume": 593483.8, "trend": 36.667421, "fair_value": 39.525167, "relative_strength": -7.310835, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.685694, "energy": 18.293747, "activity_lines": [ 36.961735, 37.265848, 37.197885, 36.962089 ] }, { "date": "2023-09-15", "close": 37.329031, "volume": 138962, "typical_volume": 568999.6, "trend": 36.681863, "fair_value": 39.530471, "relative_strength": -5.964559, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.799364, "energy": 13.250528, "activity_lines": [ 37.100951, 37.246947, 37.233045, 37.004774 ] }, { "date": "2023-09-22", "close": 36.804771, "volume": 164760, "typical_volume": 561979.9, "trend": 36.714295, "fair_value": 39.541931, "relative_strength": -4.319015, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.055122, "energy": 5.405565, "activity_lines": [ 37.054159, 37.122872, 37.212193, 37.012703 ] }, { "date": "2023-09-29", "close": 36.342712, "volume": 225165, "typical_volume": 558725.4, "trend": 36.703187, "fair_value": 39.545619, "relative_strength": -4.699055, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.789381, "energy": 7.738151, "activity_lines": [ 36.815434, 36.941927, 37.145382, 36.98873 ] }, { "date": "2023-10-06", "close": 36.311612, "volume": 282251, "typical_volume": 532923.5, "trend": 36.737939, "fair_value": 39.539748, "relative_strength": -5.050188, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.571629, "energy": 26.000074, "activity_lines": [ 36.594771, 36.779562, 37.071962, 36.963467 ] }, { "date": "2023-10-13", "close": 36.271626, "volume": 194853, "typical_volume": 506912.0, "trend": 36.778978, "fair_value": 39.535398, "relative_strength": -5.406584, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.485027, "energy": 37.880401, "activity_lines": [ 36.438086, 36.659929, 36.993077, 36.933382 ] }, { "date": "2023-10-20", "close": 35.311966, "volume": 1275991, "typical_volume": 523683.25, "trend": 36.762236, "fair_value": 39.524479, "relative_strength": -5.49426, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.668207, "energy": 56.938546, "activity_lines": [ 36.004758, 36.396347, 36.821664, 36.838736 ] }, { "date": "2023-10-27", "close": 35.063165, "volume": 443829, "typical_volume": 512672.15, "trend": 36.714046, "fair_value": 39.520435, "relative_strength": -3.741456, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.289087, "energy": 64.908642, "activity_lines": [ 35.622967, 36.121133, 36.632173, 36.729119 ] }, { "date": "2023-11-03", "close": 36.778114, "volume": 239677, "typical_volume": 503325.3, "trend": 36.725022, "fair_value": 39.514051, "relative_strength": -4.436914, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.235845, "energy": 43.859444, "activity_lines": [ 35.928933, 36.179053, 36.615656, 36.733252 ] }, { "date": "2023-11-10", "close": 36.795886, "volume": 320294, "typical_volume": 504391.65, "trend": 36.736055, "fair_value": 39.508251, "relative_strength": -5.507639, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.290314, "energy": 22.070498, "activity_lines": [ 36.211796, 36.240042, 36.605995, 36.737824 ] }, { "date": "2023-11-17", "close": 37.684461, "volume": 208189, "typical_volume": 497639.4, "trend": 36.796344, "fair_value": 39.505481, "relative_strength": -5.261128, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 18.922779, "energy": 14.551387, "activity_lines": [ 36.758566, 36.474868, 36.679394, 36.799012 ] }, { "date": "2023-11-24", "close": 37.906604, "volume": 146088, "typical_volume": 409642.6, "trend": 36.858176, "fair_value": 39.50183, "relative_strength": -5.513713, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 28.777699, "energy": 31.95675, "activity_lines": [ 37.285194, 36.73619, 36.770389, 36.870641 ] }, { "date": "2023-12-01", "close": 38.27092, "volume": 424130, "typical_volume": 313985.3, "trend": 36.920721, "fair_value": 39.497172, "relative_strength": -5.22297, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.445144, "energy": 48.020436, "activity_lines": [ 37.760286, 37.053249, 36.890749, 36.961786 ] }, { "date": "2023-12-08", "close": 37.808861, "volume": 184534, "typical_volume": 300710.0, "trend": 36.995123, "fair_value": 39.491016, "relative_strength": -6.372027, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.548618, "energy": 55.080867, "activity_lines": [ 37.867507, 37.259641, 36.96723, 37.019086 ] }, { "date": "2023-12-15", "close": 38.742309, "volume": 231238, "typical_volume": 295313.0, "trend": 37.087743, "fair_value": 39.485254, "relative_strength": -6.056968, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.278843, "energy": 74.453256, "activity_lines": [ 38.217161, 37.609093, 37.131977, 37.131807 ] }, { "date": "2023-12-22", "close": 39.110488, "volume": 475811, "typical_volume": 309233.0, "trend": 37.19029, "fair_value": 39.48291, "relative_strength": -5.777839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.267951, "energy": 77.455365, "activity_lines": [ 38.55978, 37.981293, 37.333309, 37.262307 ] }, { "date": "2023-12-29", "close": 40.035241, "volume": 555625, "typical_volume": 321277.45, "trend": 37.308422, "fair_value": 39.479671, "relative_strength": -3.642051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.915274, "energy": 84.226286, "activity_lines": [ 39.115582, 38.470013, 37.617192, 37.445852 ] }, { "date": "2024-01-05", "close": 39.241261, "volume": 319520, "typical_volume": 326888.4, "trend": 37.38016, "fair_value": 39.460709, "relative_strength": -3.753285, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.775856, "energy": 77.617351, "activity_lines": [ 39.264814, 38.728496, 37.811767, 37.570551 ] }, { "date": "2024-01-12", "close": 39.180545, "volume": 332687, "typical_volume": 325860.5, "trend": 37.424106, "fair_value": 39.443104, "relative_strength": -5.338632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.114474, "energy": 74.96408, "activity_lines": [ 39.329118, 38.899975, 37.986249, 37.686705 ] }, { "date": "2024-01-19", "close": 38.587396, "volume": 475329, "typical_volume": 338803.25, "trend": 37.494782, "fair_value": 39.411065, "relative_strength": -7.47007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.792548, "energy": 51.846053, "activity_lines": [ 39.104261, 38.919927, 38.092758, 37.761756 ] }, { "date": "2024-01-26", "close": 39.278625, "volume": 437728, "typical_volume": 353833.05, "trend": 37.572848, "fair_value": 39.394618, "relative_strength": -6.421154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.35835, "energy": 43.841255, "activity_lines": [ 39.12014, 39.032985, 38.259783, 37.876843 ] }, { "date": "2024-02-02", "close": 39.344012, "volume": 449610, "typical_volume": 369365.45, "trend": 37.658082, "fair_value": 39.36653, "relative_strength": -7.326312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.338168, "energy": 43.367848, "activity_lines": [ 39.146607, 39.128946, 38.421805, 37.991112 ] }, { "date": "2024-02-09", "close": 40.12865, "volume": 455586, "typical_volume": 383906.75, "trend": 37.719118, "fair_value": 39.3367, "relative_strength": -6.527878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.720778, "energy": 51.013689, "activity_lines": [ 39.480701, 39.341434, 38.648959, 38.150503 ] }, { "date": "2024-02-16", "close": 40.586356, "volume": 406185, "typical_volume": 392957.75, "trend": 37.816144, "fair_value": 39.309911, "relative_strength": -4.912827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.068671, "energy": 73.457147, "activity_lines": [ 39.908204, 39.603364, 38.903877, 38.335486 ] }, { "date": "2024-02-23", "close": 41.053402, "volume": 332431, "typical_volume": 395466.75, "trend": 37.882532, "fair_value": 39.302456, "relative_strength": -5.164547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.465305, "energy": 85.64729, "activity_lines": [ 40.397669, 39.899712, 39.183067, 38.544342 ] }, { "date": "2024-03-01", "close": 41.174835, "volume": 352951, "typical_volume": 403371.65, "trend": 37.989992, "fair_value": 39.295678, "relative_strength": -5.559041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.113406, "energy": 87.161602, "activity_lines": [ 40.763211, 40.176119, 39.451242, 38.756748 ] }, { "date": "2024-03-08", "close": 41.52979, "volume": 277108, "typical_volume": 353427.5, "trend": 38.135645, "fair_value": 39.288583, "relative_strength": -4.282649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.921318, "energy": 87.462332, "activity_lines": [ 41.120657, 40.479529, 39.729874, 38.985122 ] }, { "date": "2024-03-15", "close": 41.268244, "volume": 379862, "typical_volume": 350229.15, "trend": 38.303384, "fair_value": 39.275422, "relative_strength": -4.610303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.71923, "energy": 81.772719, "activity_lines": [ 41.245203, 40.708213, 39.953988, 39.187225 ] }, { "date": "2024-03-22", "close": 41.455063, "volume": 289468, "typical_volume": 352718.7, "trend": 38.459581, "fair_value": 39.268641, "relative_strength": -6.009073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.05964, "energy": 68.411698, "activity_lines": [ 41.356049, 40.934008, 40.166347, 39.39056 ] }, { "date": "2024-03-29", "close": 41.604518, "volume": 176379, "typical_volume": 345522.95, "trend": 38.597358, "fair_value": 39.257741, "relative_strength": -5.771401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.265658, "energy": 64.088891, "activity_lines": [ 41.458799, 41.145623, 40.370668, 39.593459 ] }, { "date": "2024-04-05", "close": 41.866064, "volume": 981970, "typical_volume": 384212.0, "trend": 38.762218, "fair_value": 39.247195, "relative_strength": -4.120293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.664127, "energy": 63.486525, "activity_lines": [ 41.611991, 41.349935, 40.577, 39.804343 ] }, { "date": "2024-04-12", "close": 41.212198, "volume": 543494, "typical_volume": 404082.3, "trend": 38.891656, "fair_value": 39.229178, "relative_strength": -4.019578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.520556, "energy": 53.699027, "activity_lines": [ 41.501145, 41.388318, 40.701146, 39.962406 ] }, { "date": "2024-04-19", "close": 40.642401, "volume": 432371, "typical_volume": 404494.35, "trend": 39.019577, "fair_value": 39.204441, "relative_strength": -2.208095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.708354, "energy": 41.124203, "activity_lines": [ 41.221539, 41.289134, 40.755285, 40.075357 ] }, { "date": "2024-04-26", "close": 41.894087, "volume": 400451, "typical_volume": 415290.2, "trend": 39.204623, "fair_value": 39.190636, "relative_strength": -1.670267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.514568, "energy": 43.863652, "activity_lines": [ 41.400885, 41.408188, 40.91734, 40.26081 ] }, { "date": "2024-05-03", "close": 43.201817, "volume": 326154, "typical_volume": 420036.0, "trend": 39.434297, "fair_value": 39.18175, "relative_strength": 0.913736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.558076, "energy": 57.040977, "activity_lines": [ 41.986873, 41.741235, 41.184487, 40.518693 ] }, { "date": "2024-05-10", "close": 43.276545, "volume": 291803, "typical_volume": 410835.6, "trend": 39.667794, "fair_value": 39.181832, "relative_strength": -0.660134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.372761, "energy": 71.6043, "activity_lines": [ 42.491284, 42.048806, 41.437515, 40.76658 ] }, { "date": "2024-05-17", "close": 44.593616, "volume": 229320, "typical_volume": 394520.35, "trend": 39.977182, "fair_value": 39.190579, "relative_strength": 0.766518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.905821, "energy": 94.524098, "activity_lines": [ 43.340686, 42.557632, 41.79614, 41.084375 ] }, { "date": "2024-05-24", "close": 44.079865, "volume": 164073, "typical_volume": 386748.0, "trend": 40.277739, "fair_value": 39.185602, "relative_strength": -0.305722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.020765, "energy": 90.127578, "activity_lines": [ 43.79341, 42.917343, 42.08413, 41.349064 ] }, { "date": "2024-05-31", "close": 42.977635, "volume": 254898, "typical_volume": 382858.55, "trend": 40.48439, "fair_value": 39.169487, "relative_strength": -2.304056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.8692, "energy": 81.569043, "activity_lines": [ 43.649559, 43.025528, 42.244105, 41.523251 ] }, { "date": "2024-06-07", "close": 43.052362, "volume": 374457, "typical_volume": 377814.95, "trend": 40.692939, "fair_value": 39.155545, "relative_strength": -3.19687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.046713, "energy": 58.210308, "activity_lines": [ 43.458381, 43.119617, 42.393115, 41.688927 ] }, { "date": "2024-06-14", "close": 43.528345, "volume": 298585, "typical_volume": 370857.8, "trend": 40.887735, "fair_value": 39.151413, "relative_strength": -3.554548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.06995, "energy": 50.232506, "activity_lines": [ 43.435828, 43.273924, 42.566195, 41.871856 ] }, { "date": "2024-06-21", "close": 43.867453, "volume": 114241, "typical_volume": 354089.35, "trend": 41.08643, "fair_value": 39.144186, "relative_strength": -3.317011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.207796, "energy": 47.157686, "activity_lines": [ 43.509524, 43.459663, 42.751334, 42.064096 ] }, { "date": "2024-06-28", "close": 43.96165, "volume": 118180, "typical_volume": 337219.05, "trend": 41.276121, "fair_value": 39.138893, "relative_strength": -2.974507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.53915, "energy": 48.37271, "activity_lines": [ 43.66303, 43.614251, 42.923904, 42.249594 ] }, { "date": "2024-07-05", "close": 44.969556, "volume": 96731, "typical_volume": 321746.35, "trend": 41.514811, "fair_value": 39.143947, "relative_strength": -2.524911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.738631, "energy": 58.975482, "activity_lines": [ 44.160386, 43.891746, 43.174213, 42.48788 ] }, { "date": "2024-07-12", "close": 45.760809, "volume": 156351, "typical_volume": 312942.35, "trend": 41.748761, "fair_value": 39.15418, "relative_strength": -1.650034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.054829, "energy": 82.911401, "activity_lines": [ 44.788698, 44.257186, 43.479007, 42.761816 ] }, { "date": "2024-07-19", "close": 43.961838, "volume": 139324, "typical_volume": 302261.0, "trend": 41.910473, "fair_value": 39.157458, "relative_strength": -3.524706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.257881, "energy": 63.058051, "activity_lines": [ 44.63679, 44.249015, 43.590054, 42.904595 ] }, { "date": "2024-07-26", "close": 43.66022, "volume": 176300, "typical_volume": 297220.6, "trend": 42.031305, "fair_value": 39.160288, "relative_strength": -3.240193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.152526, "energy": 47.755901, "activity_lines": [ 44.355443, 44.173543, 43.659105, 43.017482 ] }, { "date": "2024-08-02", "close": 42.76535, "volume": 122411, "typical_volume": 284348.05, "trend": 42.148775, "fair_value": 39.154405, "relative_strength": -3.03867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.151125, "energy": 23.41073, "activity_lines": [ 43.789621, 43.952339, 43.632784, 43.064839 ] }, { "date": "2024-08-09", "close": 43.02571, "volume": 511644, "typical_volume": 295456.85, "trend": 42.276947, "fair_value": 39.150831, "relative_strength": -2.377915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.582103, "energy": 21.070725, "activity_lines": [ 43.39034, 43.802373, 43.624131, 43.121416 ] }, { "date": "2024-08-16", "close": 44.329017, "volume": 186005, "typical_volume": 295938.15, "trend": 42.468334, "fair_value": 39.166096, "relative_strength": -3.194505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.72762, "energy": 22.494046, "activity_lines": [ 43.555084, 43.888498, 43.732123, 43.253807 ] }, { "date": "2024-08-23", "close": 44.894198, "volume": 115833, "typical_volume": 252631.3, "trend": 42.65552, "fair_value": 39.174766, "relative_strength": -3.214119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.201168, "energy": 21.822418, "activity_lines": [ 44.003674, 44.054171, 43.880968, 43.410315 ] }, { "date": "2024-08-30", "close": 44.442054, "volume": 115026, "typical_volume": 231207.9, "trend": 42.825455, "fair_value": 39.171062, "relative_strength": -4.332501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.519387, "energy": 31.813078, "activity_lines": [ 44.239392, 44.112803, 43.972332, 43.525575 ] }, { "date": "2024-09-06", "close": 42.850127, "volume": 191492, "typical_volume": 219163.95, "trend": 42.916171, "fair_value": 39.159177, "relative_strength": -3.672099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.542394, "energy": 17.274851, "activity_lines": [ 43.892346, 43.871546, 43.896703, 43.527167 ] }, { "date": "2024-09-13", "close": 43.95223, "volume": 693323, "typical_volume": 233807.55, "trend": 43.028367, "fair_value": 39.16053, "relative_strength": -4.8481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.525883, "energy": 19.29357, "activity_lines": [ 43.907016, 43.850881, 43.915524, 43.594009 ] }, { "date": "2024-09-20", "close": 44.724644, "volume": 157536, "typical_volume": 225376.65, "trend": 43.150741, "fair_value": 39.169709, "relative_strength": -4.354745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.440306, "energy": 22.16668, "activity_lines": [ 44.117388, 43.989152, 43.998107, 43.703447 ] }, { "date": "2024-09-27", "close": 47.512869, "volume": 88680, "typical_volume": 215220.5, "trend": 43.362009, "fair_value": 39.199476, "relative_strength": 1.106989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.611943, "energy": 56.994583, "activity_lines": [ 45.230795, 44.653212, 44.338984, 43.984874 ] }, { "date": "2024-10-04", "close": 48.012113, "volume": 259394, "typical_volume": 216724.2, "trend": 43.578087, "fair_value": 39.232496, "relative_strength": 1.945152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.066215, "energy": 81.241534, "activity_lines": [ 46.336037, 45.343479, 44.707235, 44.284881 ] }, { "date": "2024-10-11", "close": 47.286797, "volume": 201188, "typical_volume": 218579.95, "trend": 43.778705, "fair_value": 39.256077, "relative_strength": -0.654359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.018394, "energy": 79.543644, "activity_lines": [ 46.961504, 45.822746, 44.99013, 44.524152 ] }, { "date": "2024-10-18", "close": 46.880715, "volume": 80847, "typical_volume": 209877.4, "trend": 43.95956, "fair_value": 39.276788, "relative_strength": -2.242146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.9349, "energy": 79.464515, "activity_lines": [ 47.155832, 46.145971, 45.219079, 44.724282 ] }, { "date": "2024-10-25", "close": 46.005721, "volume": 272972, "typical_volume": 204803.15, "trend": 44.106267, "fair_value": 39.297905, "relative_strength": -2.986105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.559947, "energy": 68.983032, "activity_lines": [ 46.863263, 46.240016, 45.346109, 44.856293 ] }, { "date": "2024-11-01", "close": 45.408136, "volume": 172100, "typical_volume": 198478.9, "trend": 44.224336, "fair_value": 39.31418, "relative_strength": -2.762388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.411285, "energy": 38.071707, "activity_lines": [ 46.286094, 46.194923, 45.402163, 44.940284 ] }, { "date": "2024-11-08", "close": 45.666612, "volume": 1094979, "typical_volume": 247515.8, "trend": 44.372816, "fair_value": 39.327434, "relative_strength": -6.464705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.515124, "energy": 23.054959, "activity_lines": [ 45.9354, 46.187481, 45.473882, 45.033334 ] }, { "date": "2024-11-15", "close": 43.97107, "volume": 256621, "typical_volume": 254437.85, "trend": 44.483772, "fair_value": 39.334231, "relative_strength": -7.81496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.484438, "energy": 18.359435, "activity_lines": [ 45.175891, 45.849494, 45.375554, 45.007415 ] }, { "date": "2024-11-22", "close": 44.338437, "volume": 330515, "typical_volume": 266127.05, "trend": 44.56525, "fair_value": 39.353176, "relative_strength": -8.353319, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.885845, "energy": 21.987101, "activity_lines": [ 44.759886, 45.557921, 45.312168, 44.998039 ] }, { "date": "2024-11-29", "close": 44.489152, "volume": 162645, "typical_volume": 266441.75, "trend": 44.608162, "fair_value": 39.367126, "relative_strength": -8.886371, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.308953, "energy": 19.733558, "activity_lines": [ 44.563605, 45.286728, 45.266141, 44.993129 ] }, { "date": "2024-12-06", "close": 44.988395, "volume": 402955, "typical_volume": 279623.3, "trend": 44.665223, "fair_value": 39.38103, "relative_strength": -8.460235, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.944867, "energy": 22.288619, "activity_lines": [ 44.634843, 45.110589, 45.273717, 45.01766 ] }, { "date": "2024-12-13", "close": 45.060173, "volume": 198491, "typical_volume": 280732.85, "trend": 44.680775, "fair_value": 39.398301, "relative_strength": -7.575519, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.684349, "energy": 13.132978, "activity_lines": [ 44.75799, 44.9934, 45.28324, 45.043141 ] }, { "date": "2024-12-20", "close": 44.259726, "volume": 327482, "typical_volume": 290986.4, "trend": 44.68677, "fair_value": 39.405673, "relative_strength": -7.326372, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.856074, "energy": 15.87448, "activity_lines": [ 44.65475, 44.784346, 45.209864, 45.015976 ] }, { "date": "2024-12-27", "close": 44.105242, "volume": 580436, "typical_volume": 294426.0, "trend": 44.724357, "fair_value": 39.411195, "relative_strength": -8.00403, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.01853, "energy": 19.962074, "activity_lines": [ 44.480772, 44.602242, 45.114659, 44.978458 ] }, { "date": "2025-01-03", "close": 43.883171, "volume": 207941, "typical_volume": 295522.8, "trend": 44.752051, "fair_value": 39.41448, "relative_strength": -7.756189, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.486155, "energy": 32.912105, "activity_lines": [ 44.248316, 44.430225, 44.993164, 44.924188 ] }, { "date": "2025-01-10", "close": 42.9273, "volume": 672832, "typical_volume": 323372.75, "trend": 44.732016, "fair_value": 39.406162, "relative_strength": -7.778872, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.65672, "energy": 58.189697, "activity_lines": [ 43.737636, 44.123004, 44.782756, 44.806462 ] }, { "date": "2025-01-17", "close": 43.84455, "volume": 473171, "typical_volume": 341280.0, "trend": 44.731253, "fair_value": 39.409579, "relative_strength": -8.334129, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.017527, "energy": 50.950246, "activity_lines": [ 43.670112, 44.027663, 44.669072, 44.749207 ] }, { "date": "2025-01-24", "close": 44.607316, "volume": 238265, "typical_volume": 343618.65, "trend": 44.752775, "fair_value": 39.426506, "relative_strength": -8.151182, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.720779, "energy": 44.06295, "activity_lines": [ 43.937884, 44.104135, 44.630877, 44.741211 ] }, { "date": "2025-01-31", "close": 44.269381, "volume": 215794, "typical_volume": 319742.2, "trend": 44.729436, "fair_value": 39.435953, "relative_strength": -7.759002, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.356844, "energy": 30.519599, "activity_lines": [ 44.069839, 44.107596, 44.552131, 44.710024 ] }, { "date": "2025-02-07", "close": 44.616971, "volume": 274909, "typical_volume": 325610.85, "trend": 44.691308, "fair_value": 39.443183, "relative_strength": -6.718747, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -7.416875, "energy": 8.348653, "activity_lines": [ 44.306715, 44.17551, 44.504978, 44.702768 ] }, { "date": "2025-02-14", "close": 45.592152, "volume": 199984, "typical_volume": 331176.05, "trend": 44.745652, "fair_value": 39.457803, "relative_strength": -5.905215, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.758002, "energy": 19.857873, "activity_lines": [ 44.819731, 44.418406, 44.551212, 44.760887 ] }, { "date": "2025-02-21", "close": 46.036295, "volume": 175748, "typical_volume": 326993.75, "trend": 44.824854, "fair_value": 39.480691, "relative_strength": -3.322681, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.139262, "energy": 31.433226, "activity_lines": [ 45.303138, 44.731079, 44.648892, 44.844154 ] }, { "date": "2025-02-28", "close": 44.288692, "volume": 712798, "typical_volume": 352574.25, "trend": 44.875632, "fair_value": 39.50322, "relative_strength": -5.936605, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.989807, "energy": 14.719697, "activity_lines": [ 45.057895, 44.708257, 44.589542, 44.809563 ] }, { "date": "2025-03-07", "close": 45.630774, "volume": 234177, "typical_volume": 360240.75, "trend": 44.962468, "fair_value": 39.544436, "relative_strength": 0.058561, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.309667, "energy": 22.717066, "activity_lines": [ 45.281253, 44.928924, 44.672286, 44.858282 ] }, { "date": "2025-03-14", "close": 45.901121, "volume": 201313, "typical_volume": 356657.8, "trend": 45.014871, "fair_value": 39.573994, "relative_strength": 3.000179, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.499355, "energy": 30.348007, "activity_lines": [ 45.503968, 45.171008, 44.78673, 44.91884 ] }, { "date": "2025-03-21", "close": 45.959052, "volume": 1012126, "typical_volume": 398659.1, "trend": 45.050366, "fair_value": 39.606037, "relative_strength": 2.584281, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.419877, "energy": 21.320475, "activity_lines": [ 45.660383, 45.386934, 44.907189, 44.979755 ] }, { "date": "2025-03-28", "close": 45.263874, "volume": 303374, "typical_volume": 359078.85, "trend": 45.07776, "fair_value": 39.629124, "relative_strength": 2.522759, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.299589, "energy": 22.37179, "activity_lines": [ 45.560612, 45.421342, 44.958817, 44.99353 ] }, { "date": "2025-04-04", "close": 42.232121, "volume": 1180882, "typical_volume": 405291.9, "trend": 45.05716, "fair_value": 39.635815, "relative_strength": 5.147563, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.47482, "energy": 24.926886, "activity_lines": [ 44.501752, 44.878716, 44.723624, 44.80994 ] }, { "date": "2025-04-11", "close": 43.149371, "volume": 1453763, "typical_volume": 461454.3, "trend": 45.030398, "fair_value": 39.65142, "relative_strength": 1.686523, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.859963, "energy": 34.80217, "activity_lines": [ 43.885746, 44.546049, 44.58407, 44.686857 ] }, { "date": "2025-04-18", "close": 43.47765, "volume": 222161, "typical_volume": 464430.1, "trend": 44.988832, "fair_value": 39.677912, "relative_strength": 3.939077, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.501595, "energy": 42.458108, "activity_lines": [ 43.544593, 44.293432, 44.481442, 44.58668 ] }, { "date": "2025-04-25", "close": 44.790766, "volume": 642715, "typical_volume": 476418.1, "trend": 44.898095, "fair_value": 39.714936, "relative_strength": 2.41924, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.336763, "energy": 35.017646, "activity_lines": [ 43.802711, 44.300278, 44.50869, 44.573902 ] }, { "date": "2025-05-02", "close": 46.461126, "volume": 281747, "typical_volume": 480580.9, "trend": 44.846395, "fair_value": 39.767439, "relative_strength": 3.306869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 0.373516, "energy": 1.4754, "activity_lines": [ 44.6955, 44.625397, 44.69596, 44.674742 ] }, { "date": "2025-05-09", "close": 46.374229, "volume": 283105, "typical_volume": 478362.05, "trend": 44.815976, "fair_value": 39.822203, "relative_strength": 3.605296, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.937963, "energy": 24.150964, "activity_lines": [ 45.479508, 44.926993, 44.868284, 44.773312 ] }, { "date": "2025-05-16", "close": 47.841829, "volume": 367902, "typical_volume": 467735.35, "trend": 44.848014, "fair_value": 39.882906, "relative_strength": 1.6307, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.436639, "energy": 59.935809, "activity_lines": [ 46.476575, 45.457506, 45.17031, 44.968528 ] }, { "date": "2025-05-23", "close": 48.044589, "volume": 772796, "typical_volume": 495978.1, "trend": 44.915976, "fair_value": 39.941357, "relative_strength": 4.75523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.673252, "energy": 75.008601, "activity_lines": [ 47.228398, 45.984683, 45.473853, 45.174759 ] }, { "date": "2025-05-30", "close": 47.637234, "volume": 145451, "typical_volume": 469609.05, "trend": 44.990279, "fair_value": 39.996628, "relative_strength": 2.097666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.653031, "energy": 75.485377, "activity_lines": [ 47.539973, 46.398823, 45.718784, 45.350324 ] }, { "date": "2025-06-06", "close": 49.154945, "volume": 584419, "typical_volume": 475171.45, "trend": 45.106557, "fair_value": 40.068206, "relative_strength": 3.626045, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.38694, "energy": 83.178391, "activity_lines": [ 48.167688, 47.058399, 46.08583, 45.619012 ] }, { "date": "2025-06-13", "close": 49.241842, "volume": 419797, "typical_volume": 484248.05, "trend": 45.282249, "fair_value": 40.149815, "relative_strength": 4.149248, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.945356, "energy": 82.10509, "activity_lines": [ 48.64478, 47.663027, 46.435865, 45.885805 ] }, { "date": "2025-06-20", "close": 48.908646, "volume": 156431, "typical_volume": 481279.9, "trend": 45.43459, "fair_value": 40.227864, "relative_strength": 3.592505, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.855259, "energy": 73.705497, "activity_lines": [ 48.819633, 48.079625, 46.732098, 46.119766 ] }, { "date": "2025-06-27", "close": 50.775463, "volume": 178066, "typical_volume": 476437.75, "trend": 45.644133, "fair_value": 40.319194, "relative_strength": 3.91853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.946944, "energy": 81.183671, "activity_lines": [ 49.545637, 48.73093, 47.184031, 46.464338 ] }, { "date": "2025-07-04", "close": 51.508506, "volume": 255345, "typical_volume": 479205.8, "trend": 45.86147, "fair_value": 40.415661, "relative_strength": 3.653434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.217577, "energy": 90.76395, "activity_lines": [ 50.33393, 49.382828, 47.676452, 46.842685 ] }, { "date": "2025-07-11", "close": 51.075229, "volume": 192094, "typical_volume": 480023.1, "trend": 46.061972, "fair_value": 40.514279, "relative_strength": 3.085744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.598933, "energy": 89.259044, "activity_lines": [ 50.719713, 49.833808, 48.099435, 47.179057 ] }, { "date": "2025-07-18", "close": 51.948332, "volume": 180213, "typical_volume": 453393.85, "trend": 46.318259, "fair_value": 40.614771, "relative_strength": 4.143421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.104052, "energy": 91.882502, "activity_lines": [ 51.268511, 50.359641, 48.581576, 47.558822 ] }, { "date": "2025-07-25", "close": 52.182906, "volume": 163734, "typical_volume": 449871.7, "trend": 46.587514, "fair_value": 40.712878, "relative_strength": 3.03258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.144273, "energy": 90.933021, "activity_lines": [ 51.715068, 50.826776, 49.049583, 47.937186 ] }, { "date": "2025-08-01", "close": 50.795011, "volume": 206961, "typical_volume": 450154.1, "trend": 46.817909, "fair_value": 40.802964, "relative_strength": 2.761987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.204319, "energy": 78.731421, "activity_lines": [ 51.480709, 50.962638, 49.354209, 48.208637 ] }, { "date": "2025-08-08", "close": 52.222001, "volume": 313099, "typical_volume": 415202.75, "trend": 47.127732, "fair_value": 40.89601, "relative_strength": 3.079783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.169858, "energy": 68.367766, "activity_lines": [ 51.720711, 51.307946, 49.771434, 48.557289 ] }, { "date": "2025-08-15", "close": 52.515219, "volume": 279959, "typical_volume": 414032.0, "trend": 47.416755, "fair_value": 40.995426, "relative_strength": 2.633903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.077857, "energy": 67.611431, "activity_lines": [ 52.010885, 51.623206, 50.186761, 48.904868 ] }, { "date": "2025-08-22", "close": 53.091879, "volume": 195549, "typical_volume": 364765.35, "trend": 47.699574, "fair_value": 41.097772, "relative_strength": 3.42479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.834006, "energy": 68.030435, "activity_lines": [ 52.39728, 51.982217, 50.622478, 49.271005 ] }, { "date": "2025-08-29", "close": 52.300193, "volume": 1223679, "typical_volume": 353261.15, "trend": 47.967267, "fair_value": 41.200409, "relative_strength": 1.892661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.013936, "energy": 63.782259, "activity_lines": [ 52.443543, 52.127285, 50.931083, 49.56782 ] }, { "date": "2025-09-05", "close": 52.81821, "volume": 793347, "typical_volume": 381820.45, "trend": 48.240642, "fair_value": 41.303301, "relative_strength": 2.52097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.006263, "energy": 64.44558, "activity_lines": [ 52.65466, 52.304874, 51.245448, 49.880784 ] }, { "date": "2025-09-12", "close": 54.548192, "volume": 200802, "typical_volume": 359724.8, "trend": 48.539177, "fair_value": 41.423908, "relative_strength": 4.145422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.002415, "energy": 71.327287, "activity_lines": [ 53.307557, 52.759863, 51.680094, 50.287722 ] }, { "date": "2025-09-19", "close": 55.163948, "volume": 3650968, "typical_volume": 528185.85, "trend": 48.843432, "fair_value": 41.559031, "relative_strength": 3.949373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.498117, "energy": 74.574421, "activity_lines": [ 54.010627, 53.271542, 52.12692, 50.715127 ] }, { "date": "2025-09-26", "close": 54.626383, "volume": 788759, "typical_volume": 553468.55, "trend": 49.188021, "fair_value": 41.698757, "relative_strength": 3.26876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.726221, "energy": 81.892774, "activity_lines": [ 54.357926, 53.611141, 52.481107, 51.088221 ] }, { "date": "2025-10-03", "close": 56.033826, "volume": 395376, "typical_volume": 554842.25, "trend": 49.53479, "fair_value": 41.843508, "relative_strength": 4.786856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.095121, "energy": 88.925668, "activity_lines": [ 55.072073, 54.157946, 52.93004, 51.529885 ] }, { "date": "2025-10-10", "close": 53.824923, "volume": 314314, "typical_volume": 531918.15, "trend": 49.798916, "fair_value": 41.979083, "relative_strength": 3.155338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.190131, "energy": 62.847369, "activity_lines": [ 54.80101, 54.233117, 53.129592, 51.806668 ] }, { "date": "2025-10-17", "close": 56.190209, "volume": 326764, "typical_volume": 540983.8, "trend": 50.139955, "fair_value": 42.122701, "relative_strength": 5.758714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.039341, "energy": 64.849752, "activity_lines": [ 55.251262, 54.68325, 53.526884, 52.21901 ] }, { "date": "2025-10-24", "close": 57.079635, "volume": 245172, "typical_volume": 524021.45, "trend": 50.533814, "fair_value": 42.277002, "relative_strength": 5.294823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.464978, "energy": 67.914529, "activity_lines": [ 55.888521, 55.222947, 53.968154, 52.666731 ] }, { "date": "2025-10-31", "close": 57.421722, "volume": 237076, "typical_volume": 514885.4, "trend": 51.040134, "fair_value": 42.424298, "relative_strength": 5.08526, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.493687, "energy": 68.149961, "activity_lines": [ 56.512097, 55.741853, 54.404268, 53.111112 ] }, { "date": "2025-11-07", "close": 56.463878, "volume": 634085, "typical_volume": 538768.1, "trend": 51.483951, "fair_value": 42.555707, "relative_strength": 4.866896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.0526, "energy": 62.263541, "activity_lines": [ 56.630035, 56.007881, 54.710207, 53.461031 ] }, { "date": "2025-11-14", "close": 56.89393, "volume": 314769, "typical_volume": 545603.25, "trend": 51.93116, "fair_value": 42.693322, "relative_strength": 5.295221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.094632, "energy": 60.896234, "activity_lines": [ 56.862654, 56.276397, 55.021125, 53.810062 ] }, { "date": "2025-11-21", "close": 55.105305, "volume": 742906, "typical_volume": 569981.3, "trend": 52.274978, "fair_value": 42.818814, "relative_strength": 3.776252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.558455, "energy": 48.347658, "activity_lines": [ 56.294464, 56.145604, 55.132563, 54.014846 ] }, { "date": "2025-11-28", "close": 56.229305, "volume": 234232, "typical_volume": 572088.2, "trend": 52.600584, "fair_value": 42.943845, "relative_strength": 1.93465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.243867, "energy": 36.579016, "activity_lines": [ 56.173268, 56.209046, 55.333921, 54.269963 ] }, { "date": "2025-12-05", "close": 56.659357, "volume": 249403, "typical_volume": 575547.7, "trend": 52.943422, "fair_value": 43.076616, "relative_strength": 2.181849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.417379, "energy": 35.611346, "activity_lines": [ 56.252111, 56.331309, 55.551693, 54.53182 ] }, { "date": "2025-12-12", "close": 56.004602, "volume": 392393, "typical_volume": 586980.65, "trend": 53.215514, "fair_value": 43.206324, "relative_strength": 1.422452, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.482335, "energy": 27.660542, "activity_lines": [ 56.163526, 56.297562, 55.684674, 54.729315 ] }, { "date": "2025-12-19", "close": 56.419524, "volume": 442593, "typical_volume": 598762.25, "trend": 53.494678, "fair_value": 43.3389, "relative_strength": 1.878149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.031767, "energy": 31.766396, "activity_lines": [ 56.243868, 56.339787, 55.838973, 54.936026 ] }, { "date": "2025-12-26", "close": 57.451105, "volume": 317436, "typical_volume": 598979.1, "trend": 53.821808, "fair_value": 43.475851, "relative_strength": 2.081561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.86134, "energy": 42.818813, "activity_lines": [ 56.699696, 56.522398, 56.064734, 55.191279 ] }, { "date": "2026-01-02", "close": 58.819933, "volume": 356605, "typical_volume": 602811.4, "trend": 54.143974, "fair_value": 43.611768, "relative_strength": 5.33034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.615547, "energy": 59.41617, "activity_lines": [ 57.455415, 56.930961, 56.39596, 55.513739 ] }, { "date": "2026-01-09", "close": 59.897339, "volume": 825898, "typical_volume": 634328.85, "trend": 54.499157, "fair_value": 43.749237, "relative_strength": 5.290782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.22629, "energy": 83.753964, "activity_lines": [ 58.397559, 57.503774, 56.799773, 55.884923 ] }, { "date": "2026-01-16", "close": 60.704551, "volume": 407905, "typical_volume": 593540.15, "trend": 54.892354, "fair_value": 43.888104, "relative_strength": 6.742521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.711128, "energy": 93.582268, "activity_lines": [ 59.39291, 58.178342, 57.248056, 56.285271 ] }, { "date": "2026-01-23", "close": 62.083298, "volume": 331752, "typical_volume": 570460.4, "trend": 55.269282, "fair_value": 44.036148, "relative_strength": 9.147262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.289207, "energy": 95.709992, "activity_lines": [ 60.534512, 59.026488, 57.787628, 56.749203 ] }, { "date": "2026-01-30", "close": 62.053541, "volume": 417283, "typical_volume": 581284.45, "trend": 55.620783, "fair_value": 44.194653, "relative_strength": 8.278029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.038927, "energy": 92.496597, "activity_lines": [ 61.288611, 59.774871, 58.280246, 57.186897 ] }, { "date": "2026-02-06", "close": 63.045446, "volume": 1071800, "typical_volume": 452326.05, "trend": 56.01979, "fair_value": 44.36273, "relative_strength": 9.812006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.095116, "energy": 93.569608, "activity_lines": [ 62.066515, 60.577269, 58.831592, 57.665908 ] }, { "date": "2026-02-13", "close": 64.523383, "volume": 529063, "typical_volume": 439341.25, "trend": 56.438958, "fair_value": 44.53983, "relative_strength": 13.350531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.84984, "energy": 94.436615, "activity_lines": [ 63.055365, 61.524454, 59.486163, 58.214527 ] }, { "date": "2026-02-20", "close": 65.748385, "volume": 361488, "typical_volume": 437646.85, "trend": 56.891141, "fair_value": 44.731603, "relative_strength": 13.751293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.061732, "energy": 94.614168, "activity_lines": [ 64.144145, 62.551383, 60.210272, 58.815135 ] }, { "date": "2026-02-27", "close": 65.981483, "volume": 513176, "typical_volume": 447589.95, "trend": 57.397357, "fair_value": 44.919459, "relative_strength": 14.182918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.518349, "energy": 91.758803, "activity_lines": [ 64.974369, 63.443535, 60.910321, 59.401609 ] }, { "date": "2026-03-06", "close": 60.436737, "volume": 969067, "typical_volume": 479705.1, "trend": 57.671181, "fair_value": 45.080791, "relative_strength": 6.468182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.353357, "energy": 62.396019, "activity_lines": [ 63.696466, 63.153697, 61.02441, 59.597698 ] }, { "date": "2026-03-13", "close": 59.821756, "volume": 1326736, "typical_volume": 533783.3, "trend": 57.914733, "fair_value": 45.239645, "relative_strength": 6.800254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.542339, "energy": 40.383199, "activity_lines": [ 62.321355, 62.69776, 61.059709, 59.736445 ] }, { "date": "2026-03-20", "close": 58.760419, "volume": 1007356, "typical_volume": 572297.3, "trend": 58.103684, "fair_value": 45.386736, "relative_strength": 6.630988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.536886, "energy": 23.129699, "activity_lines": [ 60.807379, 62.030637, 60.98087, 59.791005 ] }, { "date": "2026-03-27", "close": 58.145438, "volume": 765583, "typical_volume": 578872.2, "trend": 58.298525, "fair_value": 45.525432, "relative_strength": 7.69771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.855193, "energy": 26.413349, "activity_lines": [ 59.472606, 61.272371, 60.837086, 59.793699 ] }, { "date": "2026-04-03", "close": 59.861432, "volume": 1690026, "typical_volume": 647635.05, "trend": 58.533299, "fair_value": 45.675513, "relative_strength": 7.03785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.790892, "energy": 26.992817, "activity_lines": [ 59.216695, 60.872634, 60.848723, 59.894531 ] }, { "date": "2026-04-10", "close": 64.017512, "volume": 598681, "typical_volume": 640423.8, "trend": 58.848943, "fair_value": 45.852132, "relative_strength": 10.178297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.78705, "energy": 24.300305, "activity_lines": [ 60.754146, 61.268945, 61.242047, 60.248352 ] }, { "date": "2026-04-17", "close": 67.270959, "volume": 587569, "typical_volume": 658090.65, "trend": 59.252511, "fair_value": 46.053383, "relative_strength": 10.49774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.458503, "energy": 41.705189, "activity_lines": [ 63.137362, 62.221083, 61.902783, 60.791707 ] }, { "date": "2026-04-24", "close": 67.300716, "volume": 445920, "typical_volume": 667916.5, "trend": 59.674988, "fair_value": 46.253698, "relative_strength": 9.663266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.243859, "energy": 70.306239, "activity_lines": [ 65.033884, 63.101804, 62.513774, 61.310946 ] }, { "date": "2026-05-01", "close": 67.945454, "volume": 439633, "typical_volume": 670278.5, "trend": 60.072043, "fair_value": 46.455947, "relative_strength": 9.404771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.170912, "energy": 79.687204, "activity_lines": [ 66.575964, 64.049253, 63.135496, 61.844525 ] }, { "date": "2026-05-08", "close": 72.4487, "volume": 617741, "typical_volume": 679035.9, "trend": 60.692835, "fair_value": 46.692305, "relative_strength": 13.589184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.904192, "energy": 89.900939, "activity_lines": [ 68.965793, 65.775528, 64.129236, 62.643019 ] }, { "date": "2026-05-15", "close": 69.264686, "volume": 714699, "typical_volume": 698899.05, "trend": 61.128651, "fair_value": 46.905773, "relative_strength": 8.074518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.032461, "energy": 80.496563, "activity_lines": [ 69.455132, 66.805305, 64.743409, 63.196042 ] }, { "date": "2026-05-22", "close": 70.206996, "volume": 454177, "typical_volume": 703777.65, "trend": 61.56623, "fair_value": 47.12483, "relative_strength": 8.348152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.770098, "energy": 76.689503, "activity_lines": [ 69.908763, 67.845903, 65.391069, 63.781741 ] }, { "date": "2026-05-29", "close": 72.904976, "volume": 1278125, "typical_volume": 726389.0, "trend": 62.082338, "fair_value": 47.358252, "relative_strength": 10.541924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.551247, "energy": 75.698242, "activity_lines": [ 71.065985, 69.18822, 66.241456, 64.513273 ] }, { "date": "2026-06-05", "close": 69.076225, "volume": 1134540, "typical_volume": 762720.75, "trend": 62.50275, "fair_value": 47.563297, "relative_strength": 7.172466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.212109, "energy": 52.294935, "activity_lines": [ 70.573339, 69.577227, 66.665259, 64.964492 ] }, { "date": "2026-06-12", "close": 72.577647, "volume": 702066, "typical_volume": 781236.45, "trend": 63.02554, "fair_value": 47.785832, "relative_strength": 11.613221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.123556, "energy": 55.271042, "activity_lines": [ 71.172449, 70.404114, 67.382666, 65.614485 ] }, { "date": "2026-06-19", "close": 75.86, "volume": 611037, "typical_volume": 790924.15, "trend": 63.717364, "fair_value": 48.038351, "relative_strength": 15.123778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.78441, "energy": 62.847531, "activity_lines": [ 72.857081, 71.596589, 68.362705, 66.442515 ] }, { "date": "2026-06-26", "close": 71.76, "volume": 626519, "typical_volume": 768660.1, "trend": 64.235053, "fair_value": 48.261577, "relative_strength": 11.191019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.305131, "energy": 50.005448, "activity_lines": [ 72.735358, 71.828292, 68.886522, 66.961395 ] }, { "date": "2026-07-03", "close": 70.4, "volume": 464552, "typical_volume": 765434.55, "trend": 64.693075, "fair_value": 48.477045, "relative_strength": 6.51087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.533466, "energy": 45.478313, "activity_lines": [ 72.056768, 71.731103, 69.239318, 67.359133 ] }, { "date": "2026-07-10", "close": 71.62, "volume": 699656, "typical_volume": 782342.95, "trend": 65.213588, "fair_value": 48.690651, "relative_strength": 6.618327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.433616, "energy": 40.992553, "activity_lines": [ 71.951843, 71.799381, 69.68032, 67.806031 ] }, { "date": "2026-07-17", "close": 67.68, "volume": 1450719, "typical_volume": 829220.1, "trend": 65.588937, "fair_value": 48.882987, "relative_strength": 2.170879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.198995, "energy": 19.265272, "activity_lines": [ 70.364, 71.084486, 69.718124, 67.965155 ] }, { "date": "2026-07-24", "close": 67.54, "volume": 478573, "typical_volume": 804695.4, "trend": 65.925234, "fair_value": 49.065539, "relative_strength": 2.371378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.219302, "energy": 19.159731, "activity_lines": [ 69.056, 70.43084, 69.734507, 68.09103 ] }, { "date": "2026-07-31", "close": 68.05, "volume": 893191, "typical_volume": 783018.15, "trend": 66.232903, "fair_value": 49.258482, "relative_strength": 1.839772, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.312487, "energy": 17.60157, "activity_lines": [ 68.472667, 69.901279, 69.765636, 68.228112 ] }, { "date": "2026-08-07", "close": 70.21, "volume": 781035, "typical_volume": 771702.1, "trend": 66.576658, "fair_value": 49.470339, "relative_strength": 1.335272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.657519, "energy": 15.71462, "activity_lines": [ 68.856667, 69.803664, 69.963297, 68.484698 ] } ], "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." } } }