{ "ticker": { "uuid": "3c3dbab4-535d-4c14-8f51-937a39295932", "symbol": "MMSC", "name": "FIRST TR EXCHANGE TRADED FD VIII MULTI MANAGER SMALL CAP OPPORTUNITIES ET", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 48.834, "architecture_energy": 24.134, "architecture_maturity": 57.325, "architecture_confidence": 86.272, "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": 34.58, "rotation_up": 32.77, "upward_expansion": 60.17, "deceleration": 85.16, "rotation_down": 27.02, "downward_expansion": 19.17 }, "activity_lines": [ 27.9747, 28.134882, 27.858726, 27.198356 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 28.6743, "trend_reference": 26.474233, "distance_from_trend": 0.083102, "trend_direction": "Improving", "fair_value": 20.979808, "distance_from_fair_value": 0.366757, "fair_value_direction": "Weakening", "relative_strength": 1.616833, "relative_strength_direction": "Weakening", "price_momentum": 0.128909, "excess_performance": 0.003285, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083102, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05348, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.366757, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.008003, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.016168, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.035095, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.128909, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.227876, "read": "Demand-led" } ], "volume": { "latest": 9615, "relative_activity": 0.322389, "balance": 1.227876, "dry_up": 0.758436, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.042697, "annualized_volatility": 0.194249, "from_high_reference": -0.031928, "from_low_reference": 0.37329 }, "levels": { "trend_reference": 26.474233, "fair_value_reference": 20.979808, "structural_low": 22.46, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.005937, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.003516, "regime_survival": 0.333333, "best_return": 0.053871, "worst_return": -0.087662, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.042595, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.016384, "regime_survival": 0.0, "best_return": 0.127744, "worst_return": -0.229323, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.137665, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.007386, "regime_survival": 0.0, "best_return": 0.167228, "worst_return": -0.026128, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.182391, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.034861, "regime_survival": 0.0, "best_return": 0.218635, "worst_return": 0.146147, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-12-27", "tenure": "Established", "return": 0.084236, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-28", "tenure": "Developing", "return": -0.075658, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.005662, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-30", "tenure": "Developing", "return": 0.055003, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-20", "tenure": "New", "return": -0.020507, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-08-01", "tenure": "Developing", "return": 0.007884, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-11-21", "tenure": "Established", "return": 0.075204, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.004132, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-02-27", "tenure": "Developing", "return": 0.040358, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.032169, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.042164, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.003269, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.022201, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.051246, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.540842, "volume": 1534, "typical_volume": 6785.75, "trend": 15.364252, "fair_value": 16.098031, "relative_strength": -4.849771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.901854, "energy": 33.899353, "activity_lines": [ 15.965896, 16.023518, 15.769541, 15.553678 ] }, { "date": "2023-08-25", "close": 15.732694, "volume": 853, "typical_volume": 6656.65, "trend": 15.380299, "fair_value": 16.094303, "relative_strength": -4.28136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.79926, "energy": 23.374309, "activity_lines": [ 15.847047, 15.977802, 15.791199, 15.577448 ] }, { "date": "2023-09-01", "close": 16.470613, "volume": 450, "typical_volume": 4150.4, "trend": 15.404591, "fair_value": 16.098104, "relative_strength": -2.192799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.526537, "energy": 29.817023, "activity_lines": [ 16.009573, 16.06627, 15.877838, 15.647791 ] }, { "date": "2023-09-08", "close": 15.961501, "volume": 5536, "typical_volume": 2954.1, "trend": 15.425376, "fair_value": 16.096738, "relative_strength": -3.841573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.446955, "energy": 20.207251, "activity_lines": [ 15.999911, 16.04475, 15.908681, 15.683721 ] }, { "date": "2023-09-15", "close": 15.781204, "volume": 63012, "typical_volume": 5737.75, "trend": 15.433531, "fair_value": 16.093614, "relative_strength": -4.620573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.180598, "energy": 22.483571, "activity_lines": [ 15.944673, 15.992954, 15.91854, 15.706677 ] }, { "date": "2023-09-22", "close": 15.202762, "volume": 19970, "typical_volume": 6571.6, "trend": 15.432934, "fair_value": 16.08488, "relative_strength": -5.197108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.020119, "energy": 6.509297, "activity_lines": [ 15.713137, 15.835079, 15.868947, 15.691789 ] }, { "date": "2023-09-29", "close": 15.31851, "volume": 13115, "typical_volume": 7058.65, "trend": 15.424563, "fair_value": 16.077439, "relative_strength": -3.619154, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.065214, "energy": 20.643714, "activity_lines": [ 15.542722, 15.718536, 15.829241, 15.684407 ] }, { "date": "2023-10-06", "close": 15.116897, "volume": 1831, "typical_volume": 7049.85, "trend": 15.447985, "fair_value": 16.068203, "relative_strength": -5.107289, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.87248, "energy": 42.22286, "activity_lines": [ 15.332715, 15.582521, 15.767894, 15.664558 ] }, { "date": "2023-10-13", "close": 14.978637, "volume": 3799, "typical_volume": 7105.35, "trend": 15.470952, "fair_value": 16.057826, "relative_strength": -6.192907, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.281848, "energy": 60.41042, "activity_lines": [ 15.166869, 15.445304, 15.692941, 15.634277 ] }, { "date": "2023-10-20", "close": 14.565848, "volume": 747, "typical_volume": 6642.35, "trend": 15.475355, "fair_value": 16.043751, "relative_strength": -6.342039, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.291579, "energy": 67.918677, "activity_lines": [ 14.928951, 15.254866, 15.57852, 15.575883 ] }, { "date": "2023-10-27", "close": 14.144891, "volume": 1972, "typical_volume": 6602.25, "trend": 15.445979, "fair_value": 16.026005, "relative_strength": -6.462629, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.730541, "energy": 78.524152, "activity_lines": [ 14.631737, 15.014491, 15.427743, 15.490047 ] }, { "date": "2023-11-03", "close": 14.928532, "volume": 7942, "typical_volume": 6864.9, "trend": 15.456246, "fair_value": 16.015843, "relative_strength": -6.496173, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.012317, "energy": 63.468781, "activity_lines": [ 14.666263, 14.941978, 15.358485, 15.456663 ] }, { "date": "2023-11-10", "close": 14.835296, "volume": 1154, "typical_volume": 6740.9, "trend": 15.452902, "fair_value": 16.005012, "relative_strength": -8.096585, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.691492, "energy": 59.152766, "activity_lines": [ 14.695708, 14.867134, 15.284181, 15.416602 ] }, { "date": "2023-11-17", "close": 15.389533, "volume": 9888, "typical_volume": 7112.55, "trend": 15.460526, "fair_value": 15.999417, "relative_strength": -6.61181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.69856, "energy": 34.956256, "activity_lines": [ 14.928672, 14.922793, 15.265886, 15.412514 ] }, { "date": "2023-11-24", "close": 15.623719, "volume": 1487, "typical_volume": 7175.1, "trend": 15.48581, "fair_value": 15.996032, "relative_strength": -5.93313, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.895345, "energy": 20.222873, "activity_lines": [ 15.212305, 15.031431, 15.273273, 15.423042 ] }, { "date": "2023-12-01", "close": 15.964489, "volume": 8350, "typical_volume": 7553.5, "trend": 15.519164, "fair_value": 15.995751, "relative_strength": -4.491548, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 16.508096, "energy": 25.907249, "activity_lines": [ 15.539003, 15.20489, 15.313628, 15.453925 ] }, { "date": "2023-12-08", "close": 15.977936, "volume": 7252, "typical_volume": 7858.6, "trend": 15.558218, "fair_value": 15.995593, "relative_strength": -4.49963, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.0201, "energy": 36.683835, "activity_lines": [ 15.748877, 15.366945, 15.356949, 15.483523 ] }, { "date": "2023-12-15", "close": 16.635072, "volume": 10188, "typical_volume": 8346.05, "trend": 15.611895, "fair_value": 16.001203, "relative_strength": -2.763413, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.595256, "energy": 59.82442, "activity_lines": [ 16.107836, 15.636489, 15.464215, 15.552997 ] }, { "date": "2023-12-22", "close": 17.006123, "volume": 4311, "typical_volume": 8245.35, "trend": 15.680564, "fair_value": 16.009941, "relative_strength": -1.397579, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.068298, "energy": 75.2537, "activity_lines": [ 16.470494, 15.945894, 15.605859, 15.642947 ] }, { "date": "2023-12-29", "close": 16.971957, "volume": 1733, "typical_volume": 8256.2, "trend": 15.734613, "fair_value": 16.018234, "relative_strength": -1.823505, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.48624, "energy": 79.51037, "activity_lines": [ 16.71399, 16.212224, 15.740311, 15.726263 ] }, { "date": "2024-01-05", "close": 16.274081, "volume": 5178, "typical_volume": 8438.4, "trend": 15.757387, "fair_value": 16.020421, "relative_strength": -4.236892, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.753582, "energy": 80.487044, "activity_lines": [ 16.634979, 16.307919, 15.803809, 15.761068 ] }, { "date": "2024-01-12", "close": 16.780404, "volume": 3808, "typical_volume": 8586.15, "trend": 15.792281, "fair_value": 16.026862, "relative_strength": -2.91563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.658809, "energy": 76.136724, "activity_lines": [ 16.704102, 16.456961, 15.912037, 15.827069 ] }, { "date": "2024-01-19", "close": 16.962195, "volume": 3120, "typical_volume": 8719.65, "trend": 15.840606, "fair_value": 16.034721, "relative_strength": -2.87918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.212377, "energy": 66.170401, "activity_lines": [ 16.780325, 16.605386, 16.032589, 15.902547 ] }, { "date": "2024-01-26", "close": 17.186918, "volume": 7515, "typical_volume": 8818.6, "trend": 15.876861, "fair_value": 16.044323, "relative_strength": -2.447232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.130739, "energy": 62.594314, "activity_lines": [ 16.909647, 16.755998, 16.172202, 15.989406 ] }, { "date": "2024-02-02", "close": 17.56046, "volume": 3827, "typical_volume": 5859.35, "trend": 15.937833, "fair_value": 16.056853, "relative_strength": -1.556692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.056193, "energy": 90.036016, "activity_lines": [ 17.15143, 16.941847, 16.341555, 16.098025 ] }, { "date": "2024-02-09", "close": 18.266006, "volume": 38851, "typical_volume": 6803.4, "trend": 16.00275, "fair_value": 16.074961, "relative_strength": 1.091751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.00151, "energy": 95.153057, "activity_lines": [ 17.589161, 17.220764, 16.569631, 16.24823 ] }, { "date": "2024-02-16", "close": 18.478277, "volume": 84742, "typical_volume": 10384.75, "trend": 16.076568, "fair_value": 16.0945, "relative_strength": 2.707891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.310098, "energy": 95.743195, "activity_lines": [ 17.964855, 17.49643, 16.803336, 16.407941 ] }, { "date": "2024-02-23", "close": 18.408051, "volume": 7058, "typical_volume": 10646.1, "trend": 16.142391, "fair_value": 16.113158, "relative_strength": 0.784726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.919122, "energy": 91.791049, "activity_lines": [ 18.203948, 17.713866, 17.015306, 16.55836 ] }, { "date": "2024-03-01", "close": 19.224963, "volume": 133782, "typical_volume": 17145.25, "trend": 16.243912, "fair_value": 16.138052, "relative_strength": 4.321725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.287438, "energy": 96.075781, "activity_lines": [ 18.618955, 18.047597, 17.289405, 16.757235 ] }, { "date": "2024-03-08", "close": 19.244885, "volume": 99796, "typical_volume": 22097.7, "trend": 16.35111, "fair_value": 16.16271, "relative_strength": 4.678076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.220639, "energy": 91.73913, "activity_lines": [ 18.904733, 18.344606, 17.545181, 16.950846 ] }, { "date": "2024-03-15", "close": 18.860784, "volume": 26187, "typical_volume": 23308.45, "trend": 16.461775, "fair_value": 16.183954, "relative_strength": 2.657923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.207082, "energy": 75.15817, "activity_lines": [ 18.950182, 18.530454, 17.742095, 17.112761 ] }, { "date": "2024-03-22", "close": 19.344496, "volume": 41942, "typical_volume": 25008.45, "trend": 16.582168, "fair_value": 16.208646, "relative_strength": 2.985715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.32529, "energy": 71.003009, "activity_lines": [ 19.117217, 18.757218, 17.96262, 17.298743 ] }, { "date": "2024-03-29", "close": 19.461739, "volume": 10199, "typical_volume": 25460.7, "trend": 16.681872, "fair_value": 16.233864, "relative_strength": 3.243206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.80603, "energy": 68.904226, "activity_lines": [ 19.265584, 18.958679, 18.173282, 17.484522 ] }, { "date": "2024-04-05", "close": 19.131826, "volume": 35883, "typical_volume": 26760.45, "trend": 16.78755, "fair_value": 16.256156, "relative_strength": 2.365771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.123715, "energy": 63.694141, "activity_lines": [ 19.233735, 19.054709, 18.330494, 17.642583 ] }, { "date": "2024-04-12", "close": 18.652497, "volume": 17546, "typical_volume": 27563.4, "trend": 16.883259, "fair_value": 16.274449, "relative_strength": 1.294152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.069111, "energy": 57.497467, "activity_lines": [ 19.048319, 19.028227, 18.424235, 17.762902 ] }, { "date": "2024-04-19", "close": 17.836383, "volume": 15282, "typical_volume": 27910.0, "trend": 16.971047, "fair_value": 16.286281, "relative_strength": 0.000481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.139335, "energy": 34.789884, "activity_lines": [ 18.630357, 18.833505, 18.425828, 17.824394 ] }, { "date": "2024-04-26", "close": 18.514835, "volume": 25657, "typical_volume": 28830.25, "trend": 17.077591, "fair_value": 16.303037, "relative_strength": 1.11973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.905269, "energy": 25.924699, "activity_lines": [ 18.506839, 18.76995, 18.483121, 17.923993 ] }, { "date": "2024-05-03", "close": 18.801615, "volume": 8588, "typical_volume": 28750.25, "trend": 17.200415, "fair_value": 16.321684, "relative_strength": 2.07855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.085641, "energy": 25.854518, "activity_lines": [ 18.534226, 18.757871, 18.555647, 18.035221 ] }, { "date": "2024-05-10", "close": 19.219385, "volume": 9060, "typical_volume": 28987.7, "trend": 17.341773, "fair_value": 16.343148, "relative_strength": 2.411401, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.005461, "energy": 27.850736, "activity_lines": [ 18.744877, 18.814596, 18.657643, 18.165477 ] }, { "date": "2024-05-17", "close": 19.471899, "volume": 15117, "typical_volume": 29656.9, "trend": 17.505308, "fair_value": 16.366153, "relative_strength": 2.049818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.83797, "energy": 47.978468, "activity_lines": [ 19.033862, 18.917333, 18.773149, 18.302904 ] }, { "date": "2024-05-24", "close": 19.512242, "volume": 151336, "typical_volume": 36964.8, "trend": 17.68422, "fair_value": 16.389118, "relative_strength": 2.222166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.873665, "energy": 58.165296, "activity_lines": [ 19.281668, 19.023277, 18.880592, 18.432384 ] }, { "date": "2024-05-31", "close": 19.208129, "volume": 5899, "typical_volume": 37069.35, "trend": 17.826873, "fair_value": 16.409545, "relative_strength": 1.022451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.482267, "energy": 60.455299, "activity_lines": [ 19.31638, 19.062084, 18.943653, 18.530701 ] }, { "date": "2024-06-07", "close": 18.947845, "volume": 7517, "typical_volume": 37289.2, "trend": 17.963958, "fair_value": 16.427806, "relative_strength": -1.516654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.393233, "energy": 45.957348, "activity_lines": [ 19.21811, 19.056046, 18.970364, 18.603021 ] }, { "date": "2024-06-14", "close": 18.928122, "volume": 14246, "typical_volume": 37625.75, "trend": 18.081911, "fair_value": 16.445666, "relative_strength": -3.140714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.119094, "energy": 33.16406, "activity_lines": [ 19.103517, 19.055765, 18.985741, 18.665226 ] }, { "date": "2024-06-21", "close": 19.021358, "volume": 137291, "typical_volume": 44298.95, "trend": 18.195166, "fair_value": 16.463933, "relative_strength": -3.214244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.626979, "energy": 20.882414, "activity_lines": [ 19.039421, 19.07614, 19.001706, 18.725835 ] }, { "date": "2024-06-28", "close": 19.236119, "volume": 276049, "typical_volume": 56158.85, "trend": 18.30422, "fair_value": 16.483456, "relative_strength": -1.99188, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.447743, "energy": 22.346716, "activity_lines": [ 19.076947, 19.128856, 19.031168, 18.792993 ] }, { "date": "2024-07-05", "close": 19.228748, "volume": 8676, "typical_volume": 52355.55, "trend": 18.41258, "fair_value": 16.502653, "relative_strength": -3.782436, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.829863, "energy": 24.931261, "activity_lines": [ 19.130425, 19.154782, 19.055309, 18.85264 ] }, { "date": "2024-07-12", "close": 19.752902, "volume": 23515, "typical_volume": 53178.4, "trend": 18.516508, "fair_value": 16.525225, "relative_strength": -2.022445, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.313709, "energy": 47.480092, "activity_lines": [ 19.357246, 19.263029, 19.125795, 18.939113 ] }, { "date": "2024-07-19", "close": 19.334535, "volume": 45722, "typical_volume": 48775.4, "trend": 18.594122, "fair_value": 16.544599, "relative_strength": -2.110422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.865371, "energy": 44.374649, "activity_lines": [ 19.390942, 19.277913, 19.150033, 18.991889 ] }, { "date": "2024-07-26", "close": 19.593524, "volume": 26381, "typical_volume": 45104.65, "trend": 18.681507, "fair_value": 16.565482, "relative_strength": 0.055694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.236629, "energy": 50.192096, "activity_lines": [ 19.483872, 19.337792, 19.198415, 19.056366 ] }, { "date": "2024-08-02", "close": 18.547607, "volume": 67720, "typical_volume": 47181.3, "trend": 18.757292, "fair_value": 16.578966, "relative_strength": -3.13512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.80713, "energy": 13.77086, "activity_lines": [ 19.190019, 19.205292, 19.145525, 19.047727 ] }, { "date": "2024-08-09", "close": 18.83638, "volume": 46741, "typical_volume": 47421.25, "trend": 18.825824, "fair_value": 16.594219, "relative_strength": -1.583966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.566571, "energy": 11.873132, "activity_lines": [ 19.038325, 19.142836, 19.121629, 19.05283 ] }, { "date": "2024-08-16", "close": 19.587249, "volume": 12596, "typical_volume": 47541.1, "trend": 18.913326, "fair_value": 16.614306, "relative_strength": -1.556553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.922586, "energy": 17.484386, "activity_lines": [ 19.163078, 19.223661, 19.171663, 19.101954 ] }, { "date": "2024-08-23", "close": 20.131026, "volume": 25729, "typical_volume": 47033.4, "trend": 19.011463, "fair_value": 16.637751, "relative_strength": -0.207062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.597668, "energy": 28.279393, "activity_lines": [ 19.480134, 19.391728, 19.272889, 19.180515 ] }, { "date": "2024-08-30", "close": 20.071658, "volume": 26770, "typical_volume": 47494.6, "trend": 19.09517, "fair_value": 16.660492, "relative_strength": -0.69993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.470365, "energy": 55.00621, "activity_lines": [ 19.724301, 19.527131, 19.363702, 19.248915 ] }, { "date": "2024-09-06", "close": 18.836479, "volume": 82167, "typical_volume": 50838.85, "trend": 19.114185, "fair_value": 16.674808, "relative_strength": -2.712218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.600037, "energy": 35.193663, "activity_lines": [ 19.524866, 19.418859, 19.330121, 19.232225 ] }, { "date": "2024-09-13", "close": 19.802708, "volume": 68013, "typical_volume": 52956.65, "trend": 19.158333, "fair_value": 16.695252, "relative_strength": -1.623222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.747524, "energy": 43.136546, "activity_lines": [ 19.628249, 19.493531, 19.3838, 19.276646 ] }, { "date": "2024-09-20", "close": 20.480064, "volume": 66785, "typical_volume": 55866.5, "trend": 19.2274, "fair_value": 16.719828, "relative_strength": 0.303462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.817155, "energy": 48.539244, "activity_lines": [ 19.892995, 19.680923, 19.495856, 19.361919 ] }, { "date": "2024-09-27", "close": 20.410336, "volume": 35486, "typical_volume": 57187.8, "trend": 19.266913, "fair_value": 16.743638, "relative_strength": -0.569095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.151207, "energy": 43.612579, "activity_lines": [ 20.074978, 19.842416, 19.593278, 19.438238 ] }, { "date": "2024-10-04", "close": 20.583959, "volume": 17613, "typical_volume": 57312.6, "trend": 19.311548, "fair_value": 16.768256, "relative_strength": -0.001134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.961597, "energy": 64.274938, "activity_lines": [ 20.296215, 20.015918, 19.701565, 19.523208 ] }, { "date": "2024-10-11", "close": 20.874724, "volume": 13160, "typical_volume": 50403.8, "trend": 19.37868, "fair_value": 16.771232, "relative_strength": 0.211899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.800954, "energy": 71.579541, "activity_lines": [ 20.58022, 20.224277, 19.832248, 19.624058 ] }, { "date": "2024-10-18", "close": 21.057809, "volume": 15289, "typical_volume": 50873.3, "trend": 19.43579, "fair_value": 16.773025, "relative_strength": 0.172475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.536768, "energy": 75.57161, "activity_lines": [ 20.78937, 20.423614, 19.97388, 19.732389 ] }, { "date": "2024-10-25", "close": 20.5478, "volume": 14943, "typical_volume": 51244.6, "trend": 19.471992, "fair_value": 16.767971, "relative_strength": -1.347174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.611097, "energy": 65.546861, "activity_lines": [ 20.744844, 20.489832, 20.058132, 19.804132 ] }, { "date": "2024-11-01", "close": 20.430258, "volume": 16145, "typical_volume": 51339.55, "trend": 19.515273, "fair_value": 16.755931, "relative_strength": -0.588817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.086653, "energy": 55.513765, "activity_lines": [ 20.656622, 20.517214, 20.12357, 19.865955 ] }, { "date": "2024-11-08", "close": 22.362716, "volume": 33212, "typical_volume": 46135.6, "trend": 19.638947, "fair_value": 16.756976, "relative_strength": 3.69505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.721256, "energy": 78.362486, "activity_lines": [ 21.211224, 20.890511, 20.365899, 20.049661 ] }, { "date": "2024-11-15", "close": 21.127537, "volume": 85604, "typical_volume": 36613.35, "trend": 19.748652, "fair_value": 16.751438, "relative_strength": -0.030061, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.950689, "energy": 50.203489, "activity_lines": [ 21.235515, 20.997575, 20.474681, 20.145699 ] }, { "date": "2024-11-22", "close": 22.412522, "volume": 59351, "typical_volume": 39147.1, "trend": 19.878575, "fair_value": 16.761189, "relative_strength": 4.15355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.766176, "energy": 76.090326, "activity_lines": [ 21.671281, 21.296617, 20.696835, 20.317562 ] }, { "date": "2024-11-29", "close": 22.581861, "volume": 52946, "typical_volume": 40618.65, "trend": 20.004583, "fair_value": 16.778705, "relative_strength": 3.591335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.582189, "energy": 84.603837, "activity_lines": [ 22.07318, 21.578997, 20.919956, 20.491968 ] }, { "date": "2024-12-06", "close": 22.631666, "volume": 29223, "typical_volume": 39793.7, "trend": 20.118326, "fair_value": 16.79419, "relative_strength": 2.809624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.921467, "energy": 84.679547, "activity_lines": [ 22.356075, 21.832218, 21.134349, 20.661457 ] }, { "date": "2024-12-13", "close": 21.88, "volume": 23266, "typical_volume": 39637.95, "trend": 20.198596, "fair_value": 16.808317, "relative_strength": -0.035762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.130655, "energy": 78.573388, "activity_lines": [ 22.241655, 21.908384, 21.261455, 20.775113 ] }, { "date": "2024-12-20", "close": 21.0717, "volume": 34566, "typical_volume": 37980.25, "trend": 20.250578, "fair_value": 16.811792, "relative_strength": -1.89055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.287563, "energy": 47.704228, "activity_lines": [ 21.889983, 21.814022, 21.300691, 20.831442 ] }, { "date": "2024-12-27", "close": 20.9632, "volume": 6185, "typical_volume": 35952.45, "trend": 20.30908, "fair_value": 16.813437, "relative_strength": -2.980994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.765534, "energy": 26.554432, "activity_lines": [ 21.505866, 21.696352, 21.317575, 20.877418 ] }, { "date": "2025-01-03", "close": 21.28, "volume": 130514, "typical_volume": 41848.35, "trend": 20.386819, "fair_value": 16.828523, "relative_strength": -1.043638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.174164, "energy": 25.187784, "activity_lines": [ 21.323971, 21.638002, 21.354502, 20.940058 ] }, { "date": "2025-01-10", "close": 20.84, "volume": 16915, "typical_volume": 41407.65, "trend": 20.450548, "fair_value": 16.844168, "relative_strength": -1.189444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.936674, "energy": 23.255172, "activity_lines": [ 21.0822, 21.486339, 21.341464, 20.969296 ] }, { "date": "2025-01-17", "close": 21.5695, "volume": 12770, "typical_volume": 40707.65, "trend": 20.535486, "fair_value": 16.874989, "relative_strength": -0.680825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.22851, "energy": 20.163485, "activity_lines": [ 21.20304, 21.459862, 21.394526, 21.041486 ] }, { "date": "2025-01-24", "close": 21.9865, "volume": 17768, "typical_volume": 37487.7, "trend": 20.627166, "fair_value": 16.910423, "relative_strength": -0.514543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.429952, "energy": 21.080025, "activity_lines": [ 21.48358, 21.523626, 21.480169, 21.1351 ] }, { "date": "2025-01-31", "close": 21.56, "volume": 114405, "typical_volume": 39807.3, "trend": 20.704874, "fair_value": 16.939139, "relative_strength": -1.439493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.514175, "energy": 19.105433, "activity_lines": [ 21.560967, 21.494227, 21.510194, 21.195283 ] }, { "date": "2025-02-07", "close": 21.47, "volume": 112432, "typical_volume": 42089.65, "trend": 20.762111, "fair_value": 16.965686, "relative_strength": -1.618266, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.724339, "energy": 23.106596, "activity_lines": [ 21.568567, 21.463965, 21.523279, 21.244646 ] }, { "date": "2025-02-14", "close": 21.11, "volume": 85126, "typical_volume": 44571.65, "trend": 20.821293, "fair_value": 16.993033, "relative_strength": -4.540988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.303755, "energy": 15.939275, "activity_lines": [ 21.4435, 21.388464, 21.497364, 21.26709 ] }, { "date": "2025-02-21", "close": 19.9898, "volume": 93148, "typical_volume": 48348.4, "trend": 20.834502, "fair_value": 17.010611, "relative_strength": -7.970457, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -13.623499, "energy": 23.251185, "activity_lines": [ 20.927033, 21.136956, 21.361432, 21.213445 ] }, { "date": "2025-02-28", "close": 19.67, "volume": 49954, "typical_volume": 50188.1, "trend": 20.871915, "fair_value": 17.030718, "relative_strength": -8.328128, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.113057, "energy": 54.32358, "activity_lines": [ 20.40928, 20.861671, 21.197872, 21.138316 ] }, { "date": "2025-03-07", "close": 18.5438, "volume": 70808, "typical_volume": 52964.05, "trend": 20.862162, "fair_value": 17.045092, "relative_strength": -10.556026, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.660741, "energy": 73.287384, "activity_lines": [ 19.67056, 20.407107, 20.932792, 20.988115 ] }, { "date": "2025-03-14", "close": 18.41, "volume": 90075, "typical_volume": 56720.65, "trend": 20.822921, "fair_value": 17.050954, "relative_strength": -8.907107, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.513999, "energy": 78.78054, "activity_lines": [ 19.08832, 19.972205, 20.66694, 20.829911 ] }, { "date": "2025-03-21", "close": 18.6488, "volume": 25847, "typical_volume": 57205.75, "trend": 20.773513, "fair_value": 17.059248, "relative_strength": -7.970889, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.667817, "energy": 88.052696, "activity_lines": [ 18.78968, 19.632904, 20.434011, 20.689645 ] }, { "date": "2025-03-28", "close": 18.3791, "volume": 49208, "typical_volume": 58005.55, "trend": 20.717095, "fair_value": 17.064592, "relative_strength": -7.716432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.584016, "energy": 87.804074, "activity_lines": [ 18.56522, 19.284405, 20.18388, 20.535167 ] }, { "date": "2025-04-04", "close": 16.4, "volume": 169176, "typical_volume": 62184.15, "trend": 20.635879, "fair_value": 17.061928, "relative_strength": -9.203792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.598116, "energy": 94.97344, "activity_lines": [ 17.78844, 18.634078, 19.764232, 20.256645 ] }, { "date": "2025-04-11", "close": 17.3526, "volume": 64936, "typical_volume": 62463.4, "trend": 20.554208, "fair_value": 17.065352, "relative_strength": -8.867075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.488794, "energy": 80.957537, "activity_lines": [ 17.547193, 18.258524, 19.45782, 20.04482 ] }, { "date": "2025-04-18", "close": 17.4615, "volume": 17297, "typical_volume": 60680.95, "trend": 20.45359, "fair_value": 17.074636, "relative_strength": -6.817149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.101131, "energy": 70.774704, "activity_lines": [ 17.42166, 17.979267, 19.185875, 19.845291 ] }, { "date": "2025-04-25", "close": 18.2348, "volume": 21942, "typical_volume": 60316.9, "trend": 20.381072, "fair_value": 17.092515, "relative_strength": -6.782313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.54389, "energy": 59.651371, "activity_lines": [ 17.617127, 17.913493, 19.01196, 19.702143 ] }, { "date": "2025-05-02", "close": 18.91, "volume": 45251, "typical_volume": 61416.15, "trend": 20.325273, "fair_value": 17.117905, "relative_strength": -5.882741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.95913, "energy": 41.158611, "activity_lines": [ 18.06526, 18.022758, 18.923287, 19.607235 ] }, { "date": "2025-05-09", "close": 18.7616, "volume": 14249, "typical_volume": 60400.3, "trend": 20.254836, "fair_value": 17.144996, "relative_strength": -6.010655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.082346, "energy": 28.84729, "activity_lines": [ 18.428533, 18.124675, 18.834624, 19.506353 ] }, { "date": "2025-05-16", "close": 19.5632, "volume": 78857, "typical_volume": 64033.9, "trend": 20.205015, "fair_value": 17.178386, "relative_strength": -6.700727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.502051, "energy": 26.316724, "activity_lines": [ 18.901567, 18.388853, 18.833304, 19.461732 ] }, { "date": "2025-05-23", "close": 19.1925, "volume": 33313, "typical_volume": 59173.85, "trend": 20.159839, "fair_value": 17.20306, "relative_strength": -5.869114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.817864, "energy": 26.706563, "activity_lines": [ 19.10366, 18.567096, 18.803346, 19.396408 ] }, { "date": "2025-05-30", "close": 19.39, "volume": 31568, "typical_volume": 59906.5, "trend": 20.125163, "fair_value": 17.229336, "relative_strength": -6.355263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.180751, "energy": 22.707274, "activity_lines": [ 19.256187, 18.767022, 18.802138, 19.346741 ] }, { "date": "2025-06-06", "close": 20.1635, "volume": 7700, "typical_volume": 59653.0, "trend": 20.051856, "fair_value": 17.265123, "relative_strength": -4.084687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.889336, "energy": 24.836628, "activity_lines": [ 19.589533, 19.094107, 18.881501, 19.349214 ] }, { "date": "2025-06-13", "close": 19.711, "volume": 8085, "typical_volume": 59168.85, "trend": 20.004638, "fair_value": 17.305011, "relative_strength": -5.782383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.678402, "energy": 20.110547, "activity_lines": [ 19.68848, 19.306476, 18.924464, 19.327224 ] }, { "date": "2025-06-20", "close": 19.75, "volume": 6894, "typical_volume": 53793.3, "trend": 19.915888, "fair_value": 17.339252, "relative_strength": -5.333583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.032837, "energy": 22.790761, "activity_lines": [ 19.737133, 19.465736, 18.981978, 19.310795 ] }, { "date": "2025-06-27", "close": 20.534, "volume": 12898, "typical_volume": 48816.6, "trend": 19.847626, "fair_value": 17.381322, "relative_strength": -4.752988, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.801703, "energy": 51.773563, "activity_lines": [ 20.034667, 19.723953, 19.122777, 19.350673 ] }, { "date": "2025-07-04", "close": 20.724, "volume": 32249, "typical_volume": 46172.75, "trend": 19.784037, "fair_value": 17.421295, "relative_strength": -5.373298, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.244329, "energy": 60.955037, "activity_lines": [ 20.3061, 19.960851, 19.286128, 19.407214 ] }, { "date": "2025-07-11", "close": 20.4857, "volume": 21173, "typical_volume": 42574.0, "trend": 19.73756, "fair_value": 17.462777, "relative_strength": -6.055749, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.382801, "energy": 63.33539, "activity_lines": [ 20.409167, 20.109164, 19.428622, 19.452482 ] }, { "date": "2025-07-18", "close": 20.9035, "volume": 16441, "typical_volume": 40898.35, "trend": 19.731953, "fair_value": 17.503654, "relative_strength": -4.621501, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.19064, "energy": 72.623413, "activity_lines": [ 20.63002, 20.304791, 19.608546, 19.527704 ] }, { "date": "2025-07-25", "close": 20.962, "volume": 9986, "typical_volume": 37857.25, "trend": 19.731913, "fair_value": 17.540405, "relative_strength": -5.600104, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.110848, "energy": 76.359836, "activity_lines": [ 20.790873, 20.472111, 19.788167, 19.607062 ] }, { "date": "2025-08-01", "close": 20.6959, "volume": 8680, "typical_volume": 33787.5, "trend": 19.712443, "fair_value": 17.571864, "relative_strength": -4.390019, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.798703, "energy": 69.112579, "activity_lines": [ 20.782227, 20.565616, 19.93093, 19.669255 ] }, { "date": "2025-08-08", "close": 21.056, "volume": 30797, "typical_volume": 34035.0, "trend": 19.719643, "fair_value": 17.602453, "relative_strength": -4.943039, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.532413, "energy": 80.321758, "activity_lines": [ 20.88282, 20.69726, 20.097102, 19.755936 ] }, { "date": "2025-08-15", "close": 21.4737, "volume": 28777, "typical_volume": 33013.45, "trend": 19.71645, "fair_value": 17.638537, "relative_strength": -3.872762, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.150366, "energy": 85.215694, "activity_lines": [ 21.100513, 20.874558, 20.291593, 19.869101 ] }, { "date": "2025-08-22", "close": 21.9351, "volume": 9563, "typical_volume": 25032.8, "trend": 19.714737, "fair_value": 17.679772, "relative_strength": -1.968832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.146501, "energy": 82.092324, "activity_lines": [ 21.40614, 21.111925, 20.515291, 20.01224 ] }, { "date": "2025-08-29", "close": 22.06, "volume": 10014, "typical_volume": 22286.7, "trend": 19.731403, "fair_value": 17.726416, "relative_strength": -1.269501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.394155, "energy": 87.570381, "activity_lines": [ 21.684627, 21.331564, 20.724526, 20.163547 ] }, { "date": "2025-09-05", "close": 22.4022, "volume": 10961, "typical_volume": 21969.9, "trend": 19.762477, "fair_value": 17.76945, "relative_strength": -0.039461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.767119, "energy": 91.108951, "activity_lines": [ 22.00398, 21.57142, 20.943936, 20.335856 ] }, { "date": "2025-09-12", "close": 22.5313, "volume": 10931, "typical_volume": 21419.35, "trend": 19.809853, "fair_value": 17.818059, "relative_strength": -0.941639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.318872, "energy": 90.220911, "activity_lines": [ 22.252613, 21.800782, 21.152113, 20.51449 ] }, { "date": "2025-09-19", "close": 23.2951, "volume": 26307, "typical_volume": 20472.15, "trend": 19.92003, "fair_value": 17.878015, "relative_strength": 1.243999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.589745, "energy": 93.137668, "activity_lines": [ 22.657493, 22.136156, 21.412574, 20.739345 ] }, { "date": "2025-09-26", "close": 23.0636, "volume": 20015, "typical_volume": 20760.45, "trend": 20.03315, "fair_value": 17.936072, "relative_strength": 0.595104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.723937, "energy": 85.550838, "activity_lines": [ 22.86378, 22.37836, 21.630106, 20.942156 ] }, { "date": "2025-10-03", "close": 23.6126, "volume": 11626, "typical_volume": 17398.9, "trend": 20.20211, "fair_value": 17.995841, "relative_strength": 1.913164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.714386, "energy": 79.460601, "activity_lines": [ 23.177833, 22.681107, 21.879438, 21.173088 ] }, { "date": "2025-10-10", "close": 23.2216, "volume": 9098, "typical_volume": 16188.15, "trend": 20.362497, "fair_value": 18.05665, "relative_strength": 2.76139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.611525, "energy": 66.889449, "activity_lines": [ 23.258047, 22.864571, 22.072249, 21.367894 ] }, { "date": "2025-10-17", "close": 23.7191, "volume": 66499, "typical_volume": 17934.7, "trend": 20.531507, "fair_value": 18.117166, "relative_strength": 3.210099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.295889, "energy": 68.388141, "activity_lines": [ 23.449467, 23.092567, 22.293255, 21.584449 ] }, { "date": "2025-10-24", "close": 24.466, "volume": 15820, "typical_volume": 18340.7, "trend": 20.734403, "fair_value": 18.176426, "relative_strength": 4.426414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.80101, "energy": 71.398819, "activity_lines": [ 23.810667, 23.407944, 22.564779, 21.838287 ] }, { "date": "2025-10-31", "close": 24.3527, "volume": 10588, "typical_volume": 18465.85, "trend": 20.999493, "fair_value": 18.239445, "relative_strength": 3.238833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.155743, "energy": 68.056218, "activity_lines": [ 24.05604, 23.648315, 22.805025, 22.071726 ] }, { "date": "2025-11-07", "close": 23.7254, "volume": 20883, "typical_volume": 19165.3, "trend": 21.21192, "fair_value": 18.294741, "relative_strength": 2.382921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.518903, "energy": 60.690723, "activity_lines": [ 24.006373, 23.730675, 22.963424, 22.247591 ] }, { "date": "2025-11-14", "close": 22.9401, "volume": 15381, "typical_volume": 19289.45, "trend": 21.39454, "fair_value": 18.346069, "relative_strength": -1.016976, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.89768, "energy": 49.545198, "activity_lines": [ 23.68742, 23.639973, 23.028103, 22.359086 ] }, { "date": "2025-11-21", "close": 22.6395, "volume": 406223, "typical_volume": 37988.15, "trend": 21.541363, "fair_value": 18.393988, "relative_strength": -0.193839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.359737, "energy": 30.116881, "activity_lines": [ 23.287033, 23.484836, 23.052695, 22.439406 ] }, { "date": "2025-11-28", "close": 24.228, "volume": 55014, "typical_volume": 39680.2, "trend": 21.71863, "fair_value": 18.450554, "relative_strength": 3.144581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.189335, "energy": 30.674921, "activity_lines": [ 23.48812, 23.616551, 23.219452, 22.612737 ] }, { "date": "2025-12-05", "close": 24.38, "volume": 91103, "typical_volume": 43413.3, "trend": 21.90591, "fair_value": 18.513793, "relative_strength": 3.566969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.95782, "energy": 33.726017, "activity_lines": [ 23.75574, 23.75894, 23.382864, 22.784439 ] }, { "date": "2025-12-12", "close": 24.3281, "volume": 24370, "typical_volume": 44132.5, "trend": 22.06474, "fair_value": 18.577499, "relative_strength": 3.998558, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.554916, "energy": 41.948016, "activity_lines": [ 24.00424, 23.867958, 23.524779, 22.940709 ] }, { "date": "2025-12-19", "close": 24.2801, "volume": 44608, "typical_volume": 45928.9, "trend": 22.234327, "fair_value": 18.641527, "relative_strength": 3.690621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.863213, "energy": 46.734588, "activity_lines": [ 24.19656, 23.95524, 23.646093, 23.083635 ] }, { "date": "2025-12-26", "close": 24.518, "volume": 34736, "typical_volume": 46125.85, "trend": 22.40526, "fair_value": 18.707084, "relative_strength": 3.23958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.026656, "energy": 55.441034, "activity_lines": [ 24.378847, 24.066531, 23.772997, 23.230969 ] }, { "date": "2026-01-02", "close": 24.39, "volume": 29732, "typical_volume": 46173.6, "trend": 22.546143, "fair_value": 18.771594, "relative_strength": 3.812758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.243328, "energy": 48.590107, "activity_lines": [ 24.393233, 24.140024, 23.871225, 23.359017 ] }, { "date": "2026-01-09", "close": 25.53, "volume": 58902, "typical_volume": 48640.55, "trend": 22.74011, "fair_value": 18.839022, "relative_strength": 6.930865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.177902, "energy": 61.298408, "activity_lines": [ 24.77682, 24.422171, 24.064137, 23.551524 ] }, { "date": "2026-01-16", "close": 26.16, "volume": 66986, "typical_volume": 51489.15, "trend": 22.953777, "fair_value": 18.911345, "relative_strength": 9.871224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.488978, "energy": 77.43808, "activity_lines": [ 25.29374, 24.797458, 24.29993, 23.772162 ] }, { "date": "2026-01-23", "close": 25.85, "volume": 59671, "typical_volume": 53924.65, "trend": 23.130977, "fair_value": 18.979285, "relative_strength": 8.896143, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.133548, "energy": 78.435491, "activity_lines": [ 25.5852, 25.072116, 24.486676, 23.959015 ] }, { "date": "2026-01-30", "close": 25.2, "volume": 69466, "typical_volume": 56851.4, "trend": 23.280177, "fair_value": 19.039914, "relative_strength": 5.727337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.442851, "energy": 71.161554, "activity_lines": [ 25.555333, 25.175685, 24.595099, 24.0925 ] }, { "date": "2026-02-06", "close": 25.4, "volume": 107621, "typical_volume": 60917.1, "trend": 23.443987, "fair_value": 19.104415, "relative_strength": 6.737651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.576408, "energy": 57.260834, "activity_lines": [ 25.546667, 25.269064, 24.709861, 24.229263 ] }, { "date": "2026-02-13", "close": 25.03, "volume": 84561, "typical_volume": 64144.4, "trend": 23.581537, "fair_value": 19.16527, "relative_strength": 6.451177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.386924, "energy": 40.751022, "activity_lines": [ 25.347333, 25.27386, 24.779362, 24.331587 ] }, { "date": "2026-02-20", "close": 25.44, "volume": 57387, "typical_volume": 66432.45, "trend": 23.730803, "fair_value": 19.230778, "relative_strength": 6.799653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.251728, "energy": 32.160154, "activity_lines": [ 25.318, 25.341384, 24.878547, 24.451488 ] }, { "date": "2026-02-27", "close": 25.26, "volume": 51580, "typical_volume": 68556.55, "trend": 23.88294, "fair_value": 19.292896, "relative_strength": 6.378562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.230101, "energy": 29.099682, "activity_lines": [ 25.276667, 25.355964, 24.951887, 24.550145 ] }, { "date": "2026-03-06", "close": 24.02, "volume": 51277, "typical_volume": 67795.45, "trend": 23.98174, "fair_value": 19.354472, "relative_strength": 3.023861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.648504, "energy": 14.073037, "activity_lines": [ 24.861333, 25.127273, 24.897425, 24.558988 ] }, { "date": "2026-03-13", "close": 23.597, "volume": 47261, "typical_volume": 69367.5, "trend": 24.052517, "fair_value": 19.414134, "relative_strength": 2.60722, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.332773, "energy": 13.870738, "activity_lines": [ 24.383667, 24.830727, 24.801244, 24.534166 ] }, { "date": "2026-03-20", "close": 23.459, "volume": 85991, "typical_volume": 73137.65, "trend": 24.103313, "fair_value": 19.471988, "relative_strength": 3.721146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.961013, "energy": 31.370351, "activity_lines": [ 23.9802, 24.523509, 24.696059, 24.495875 ] }, { "date": "2026-03-27", "close": 23.2473, "volume": 42665, "typical_volume": 74226.75, "trend": 24.14289, "fair_value": 19.524688, "relative_strength": 4.946734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.831726, "energy": 37.060949, "activity_lines": [ 23.6109, 24.215455, 24.574968, 24.440648 ] }, { "date": "2026-04-03", "close": 24.1626, "volume": 89985, "typical_volume": 77956.95, "trend": 24.20157, "fair_value": 19.585855, "relative_strength": 5.230422, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.699958, "energy": 34.611888, "activity_lines": [ 23.69288, 24.126776, 24.543324, 24.44192 ] }, { "date": "2026-04-10", "close": 25.1814, "volume": 48387, "typical_volume": 60065.15, "trend": 24.289907, "fair_value": 19.651533, "relative_strength": 5.610427, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.545169, "energy": 9.792015, "activity_lines": [ 24.18762, 24.254015, 24.602888, 24.505134 ] }, { "date": "2026-04-17", "close": 26.8299, "volume": 34809, "typical_volume": 59054.9, "trend": 24.407733, "fair_value": 19.726335, "relative_strength": 7.41388, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.083527, "energy": 33.075638, "activity_lines": [ 25.154433, 24.681318, 24.807348, 24.669005 ] }, { "date": "2026-04-24", "close": 26.7422, "volume": 52032, "typical_volume": 57101.35, "trend": 24.530353, "fair_value": 19.80247, "relative_strength": 6.262754, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.292607, "energy": 50.55583, "activity_lines": [ 25.876487, 25.066678, 24.991065, 24.819616 ] }, { "date": "2026-05-01", "close": 26.8811, "volume": 19630, "typical_volume": 56864.35, "trend": 24.639303, "fair_value": 19.878862, "relative_strength": 5.615388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.08368, "energy": 70.788481, "activity_lines": [ 26.42596, 25.446162, 25.176762, 24.971277 ] }, { "date": "2026-05-08", "close": 27.44, "volume": 29812, "typical_volume": 56124.55, "trend": 24.779917, "fair_value": 19.959847, "relative_strength": 5.126353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.17633, "energy": 81.277785, "activity_lines": [ 26.91948, 25.901062, 25.40353, 25.151967 ] }, { "date": "2026-05-15", "close": 27.055, "volume": 11918, "typical_volume": 54983.65, "trend": 24.891113, "fair_value": 20.036964, "relative_strength": 3.248817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.917249, "energy": 76.467581, "activity_lines": [ 27.066173, 26.246325, 25.578585, 25.298746 ] }, { "date": "2026-05-22", "close": 27.755, "volume": 19891, "typical_volume": 54491.6, "trend": 25.000747, "fair_value": 20.119073, "relative_strength": 4.790698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.549417, "energy": 74.957157, "activity_lines": [ 27.321293, 26.66368, 25.808226, 25.483513 ] }, { "date": "2026-05-29", "close": 28.2384, "volume": 22596, "typical_volume": 52676.3, "trend": 25.13027, "fair_value": 20.201688, "relative_strength": 4.857973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.295865, "energy": 73.630438, "activity_lines": [ 27.675873, 27.093325, 26.06788, 25.692394 ] }, { "date": "2026-06-05", "close": 27.0884, "volume": 24034, "typical_volume": 50528.7, "trend": 25.24237, "fair_value": 20.27539, "relative_strength": 3.019795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.842476, "energy": 50.559973, "activity_lines": [ 27.547373, 27.226982, 26.205114, 25.818725 ] }, { "date": "2026-06-12", "close": 28.0696, "volume": 16538, "typical_volume": 48372.05, "trend": 25.413353, "fair_value": 20.354467, "relative_strength": 5.892926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.842574, "energy": 52.116963, "activity_lines": [ 27.73212, 27.4692, 26.431375, 26.001127 ] }, { "date": "2026-06-19", "close": 28.6602, "volume": 29153, "typical_volume": 46356.4, "trend": 25.614043, "fair_value": 20.438747, "relative_strength": 6.851267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.580391, "energy": 55.012792, "activity_lines": [ 28.07176, 27.747764, 26.703313, 26.210601 ] }, { "date": "2026-06-26", "close": 28.7097, "volume": 39691, "typical_volume": 42959.9, "trend": 25.763433, "fair_value": 20.519583, "relative_strength": 9.31308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.49043, "energy": 54.248909, "activity_lines": [ 28.320887, 27.972076, 26.963489, 26.410321 ] }, { "date": "2026-07-03", "close": 28.5899, "volume": 8489, "typical_volume": 39156.3, "trend": 25.903763, "fair_value": 20.60201, "relative_strength": 6.272231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.468085, "energy": 62.641073, "activity_lines": [ 28.466433, 28.140429, 27.196495, 26.592674 ] }, { "date": "2026-07-10", "close": 28.7539, "volume": 16375, "typical_volume": 37105.7, "trend": 26.05129, "fair_value": 20.681724, "relative_strength": 5.1691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.02916, "energy": 63.478822, "activity_lines": [ 28.643213, 28.305005, 27.428168, 26.776553 ] }, { "date": "2026-07-17", "close": 27.9777, "volume": 39143, "typical_volume": 36483.85, "trend": 26.174543, "fair_value": 20.756814, "relative_strength": 3.717032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.677427, "energy": 48.131429, "activity_lines": [ 28.450227, 28.294404, 27.570136, 26.900838 ] }, { "date": "2026-07-24", "close": 27.4779, "volume": 24456, "typical_volume": 35142.8, "trend": 26.273207, "fair_value": 20.827612, "relative_strength": 2.25284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.425511, "energy": 33.535968, "activity_lines": [ 28.096767, 28.183153, 27.651563, 26.984925 ] }, { "date": "2026-07-31", "close": 27.2765, "volume": 17265, "typical_volume": 33643.0, "trend": 26.369423, "fair_value": 20.898748, "relative_strength": 0.251312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.738137, "energy": 21.903672, "activity_lines": [ 27.754993, 28.027595, 27.697343, 27.049654 ] }, { "date": "2026-08-07", "close": 28.6743, "volume": 9615, "typical_volume": 29824.2, "trend": 26.474233, "fair_value": 20.979808, "relative_strength": 1.616833, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.834101, "energy": 24.133521, "activity_lines": [ 27.9747, 28.134882, 27.858726, 27.198356 ] } ], "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." } } }