{ "ticker": { "uuid": "3f8d05c4-903f-4560-9bbd-0228da8b6d0f", "symbol": "GWX", "name": "STATE STREET SPDR S&P INTERNATIONAL SMALL CAP ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.445, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": 15.069, "architecture_energy": 10.955, "architecture_maturity": 7.989, "architecture_confidence": 67.845, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 49.28, "rotation_up": 27.4, "upward_expansion": 26.21, "deceleration": 65.56, "rotation_down": 44.93, "downward_expansion": 32.54 }, "activity_lines": [ 43.996, 43.91605, 44.341819, 44.28283 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 45.63, "trend_reference": 44.213746, "distance_from_trend": 0.032032, "trend_direction": "Improving", "fair_value": 34.62265, "distance_from_fair_value": 0.317923, "fair_value_direction": "Weakening", "relative_strength": -3.680665, "relative_strength_direction": "Weakening", "price_momentum": 0.033522, "excess_performance": -0.092103, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032032, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030268, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.317923, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.075007, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036807, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.066665, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.033522, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.011045, "read": "Demand-led" } ], "volume": { "latest": 238170, "relative_activity": 0.725611, "balance": 1.011045, "dry_up": 0.759856, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.036982, "annualized_volatility": 0.212695, "from_high_reference": -0.02354, "from_low_reference": 0.215056 }, "levels": { "trend_reference": 44.213746, "fair_value_reference": 34.62265, "structural_low": 40.7, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.064901, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.006074, "regime_survival": 0.0, "best_return": 0.148676, "worst_return": -0.018874, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.161209, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.035175, "regime_survival": 0.0, "best_return": 0.288244, "worst_return": 0.034174, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.117293, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.138666, "regime_survival": 0.0, "best_return": 0.117293, "worst_return": 0.117293, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.251575, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.13151, "regime_survival": 0.0, "best_return": 0.251575, "worst_return": 0.251575, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-11-15", "tenure": "Established", "return": -0.021587, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": 0.019503, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": -0.020463, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-02-14", "tenure": "Developing", "return": 0.046735, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.007239, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.068568, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.039951, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-10-31", "tenure": "Established", "return": 0.178523, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": 0.042261, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-20", "tenure": "Established", "return": 0.018633, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.083297, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": -0.004375, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-24", "tenure": "Developing", "return": -0.000924, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.060177, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.797253, "volume": 231526, "typical_volume": 349043.55, "trend": 28.597897, "fair_value": 29.993443, "relative_strength": -6.8676, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.698607, "energy": 7.684124, "activity_lines": [ 28.608629, 28.771507, 28.724556, 28.642358 ] }, { "date": "2023-08-25", "close": 28.012084, "volume": 341105, "typical_volume": 355339.7, "trend": 28.551687, "fair_value": 30.00639, "relative_strength": -6.773456, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.163002, "energy": 19.67983, "activity_lines": [ 28.326235, 28.631443, 28.660364, 28.604563 ] }, { "date": "2023-09-01", "close": 28.72196, "volume": 172850, "typical_volume": 347999.75, "trend": 28.536805, "fair_value": 30.024883, "relative_strength": -6.680108, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.384497, "energy": 15.981645, "activity_lines": [ 28.365154, 28.640698, 28.66495, 28.615548 ] }, { "date": "2023-09-08", "close": 28.154993, "volume": 120461, "typical_volume": 343766.05, "trend": 28.514369, "fair_value": 30.038525, "relative_strength": -7.266149, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.277517, "energy": 20.484923, "activity_lines": [ 28.269881, 28.532773, 28.616351, 28.590915 ] }, { "date": "2023-09-15", "close": 28.282958, "volume": 175285, "typical_volume": 340088.75, "trend": 28.500798, "fair_value": 30.048364, "relative_strength": -6.615742, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.331716, "energy": 21.14716, "activity_lines": [ 28.268138, 28.454347, 28.582355, 28.575986 ] }, { "date": "2023-09-22", "close": 27.666486, "volume": 204312, "typical_volume": 322256.4, "trend": 28.493047, "fair_value": 30.061033, "relative_strength": -5.838089, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.50134, "energy": 31.95493, "activity_lines": [ 28.09235, 28.267402, 28.491241, 28.522159 ] }, { "date": "2023-09-29", "close": 27.218144, "volume": 183697, "typical_volume": 315749.55, "trend": 28.438462, "fair_value": 30.067617, "relative_strength": -6.630834, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.09444, "energy": 52.258861, "activity_lines": [ 27.775832, 28.031886, 28.363529, 28.439907 ] }, { "date": "2023-10-06", "close": 26.75112, "volume": 264987, "typical_volume": 298100.4, "trend": 28.398972, "fair_value": 30.065049, "relative_strength": -8.544179, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.625444, "energy": 74.66795, "activity_lines": [ 27.35657, 27.748988, 28.198085, 28.331046 ] }, { "date": "2023-10-13", "close": 26.36816, "volume": 435014, "typical_volume": 278435.15, "trend": 28.368487, "fair_value": 30.063416, "relative_strength": -10.134157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.51489, "energy": 85.406347, "activity_lines": [ 26.941043, 27.44724, 28.004911, 28.200026 ] }, { "date": "2023-10-20", "close": 25.704987, "volume": 398965, "typical_volume": 278524.7, "trend": 28.303017, "fair_value": 30.056537, "relative_strength": -10.146245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.202618, "energy": 91.459458, "activity_lines": [ 26.423581, 27.071277, 27.756656, 28.028188 ] }, { "date": "2023-10-27", "close": 25.471475, "volume": 261395, "typical_volume": 271744.45, "trend": 28.202476, "fair_value": 30.05663, "relative_strength": -8.626736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.783351, "energy": 92.812907, "activity_lines": [ 26.000146, 26.708307, 27.499588, 27.845507 ] }, { "date": "2023-11-03", "close": 27.320889, "volume": 354756, "typical_volume": 275866.25, "trend": 28.171246, "fair_value": 30.05806, "relative_strength": -7.288934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.67158, "energy": 74.481414, "activity_lines": [ 26.339516, 26.72388, 27.434069, 27.788631 ] }, { "date": "2023-11-10", "close": 26.825844, "volume": 335990, "typical_volume": 263667.85, "trend": 28.102359, "fair_value": 30.050395, "relative_strength": -9.987812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.017322, "energy": 51.235074, "activity_lines": [ 26.507022, 26.662012, 27.329998, 27.701831 ] }, { "date": "2023-11-17", "close": 27.675827, "volume": 272375, "typical_volume": 254803.15, "trend": 28.06947, "fair_value": 30.044635, "relative_strength": -9.057012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.267584, "energy": 28.792353, "activity_lines": [ 26.952874, 26.789161, 27.312216, 27.674313 ] }, { "date": "2023-11-24", "close": 27.965382, "volume": 178272, "typical_volume": 247914.95, "trend": 28.047732, "fair_value": 30.036582, "relative_strength": -8.822946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.344983, "energy": 25.271469, "activity_lines": [ 27.408067, 26.977669, 27.325924, 27.667597 ] }, { "date": "2023-12-01", "close": 28.376362, "volume": 333668, "typical_volume": 251172.5, "trend": 28.028689, "fair_value": 30.027923, "relative_strength": -8.057013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.305295, "energy": 22.528792, "activity_lines": [ 27.84956, 27.246675, 27.381219, 27.688799 ] }, { "date": "2023-12-08", "close": 28.217574, "volume": 356612, "typical_volume": 261927.05, "trend": 28.014777, "fair_value": 30.019048, "relative_strength": -8.567576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.476725, "energy": 33.153047, "activity_lines": [ 28.044464, 27.473903, 27.426641, 27.700985 ] }, { "date": "2023-12-15", "close": 28.862067, "volume": 573838, "typical_volume": 279273.3, "trend": 28.023944, "fair_value": 30.009545, "relative_strength": -8.423353, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.177917, "energy": 40.064561, "activity_lines": [ 28.394421, 27.80014, 27.538513, 27.755649 ] }, { "date": "2023-12-22", "close": 29.656629, "volume": 395956, "typical_volume": 289544.1, "trend": 28.077012, "fair_value": 30.00563, "relative_strength": -6.530131, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.827409, "energy": 64.476342, "activity_lines": [ 28.873483, 28.232462, 27.729305, 27.860984 ] }, { "date": "2023-12-29", "close": 30.015759, "volume": 225390, "typical_volume": 290822.7, "trend": 28.126719, "fair_value": 30.000392, "relative_strength": -5.493354, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.888551, "energy": 71.551269, "activity_lines": [ 29.340201, 28.670291, 27.950782, 27.986064 ] }, { "date": "2024-01-05", "close": 29.3164, "volume": 203274, "typical_volume": 289410.1, "trend": 28.146983, "fair_value": 29.984363, "relative_strength": -5.977336, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.342499, "energy": 69.446214, "activity_lines": [ 29.437109, 28.902585, 28.099649, 28.062818 ] }, { "date": "2024-01-12", "close": 29.524317, "volume": 1029100, "typical_volume": 323809.85, "trend": 28.160263, "fair_value": 29.974077, "relative_strength": -6.745235, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.932276, "energy": 68.087573, "activity_lines": [ 29.540652, 29.102775, 28.261084, 28.151678 ] }, { "date": "2024-01-19", "close": 28.758802, "volume": 785255, "typical_volume": 354430.1, "trend": 28.187333, "fair_value": 29.956037, "relative_strength": -9.861564, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.679453, "energy": 50.444421, "activity_lines": [ 29.301908, 29.123718, 28.342411, 28.190293 ] }, { "date": "2024-01-26", "close": 29.108482, "volume": 288829, "typical_volume": 362848.5, "trend": 28.207689, "fair_value": 29.946162, "relative_strength": -9.332434, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.429608, "energy": 39.236727, "activity_lines": [ 29.186609, 29.173094, 28.456866, 28.249722 ] }, { "date": "2024-02-02", "close": 29.099031, "volume": 606844, "typical_volume": 384426.45, "trend": 28.228353, "fair_value": 29.927902, "relative_strength": -10.294966, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.744595, "energy": 33.314343, "activity_lines": [ 29.104702, 29.194704, 28.56588, 28.307228 ] }, { "date": "2024-02-09", "close": 28.96672, "volume": 583822, "typical_volume": 403401.95, "trend": 28.211293, "fair_value": 29.90433, "relative_strength": -11.562065, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.27567, "energy": 26.166842, "activity_lines": [ 29.039806, 29.171645, 28.658407, 28.354865 ] }, { "date": "2024-02-16", "close": 29.240793, "volume": 325243, "typical_volume": 410479.25, "trend": 28.209906, "fair_value": 29.884356, "relative_strength": -10.079625, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.005558, "energy": 31.314045, "activity_lines": [ 29.08958, 29.187684, 28.770844, 28.421284 ] }, { "date": "2024-02-23", "close": 29.458162, "volume": 168114, "typical_volume": 405635.6, "trend": 28.207047, "fair_value": 29.870799, "relative_strength": -10.543251, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.662032, "energy": 39.782021, "activity_lines": [ 29.230712, 29.224641, 28.894352, 28.501817 ] }, { "date": "2024-03-01", "close": 29.798391, "volume": 195627, "typical_volume": 393666.25, "trend": 28.23639, "fair_value": 29.858084, "relative_strength": -10.008474, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.678562, "energy": 48.836772, "activity_lines": [ 29.43863, 29.312619, 29.037372, 28.604484 ] }, { "date": "2024-03-08", "close": 30.412693, "volume": 306798, "typical_volume": 389057.9, "trend": 28.291658, "fair_value": 29.844171, "relative_strength": -7.563202, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.707574, "energy": 70.444823, "activity_lines": [ 29.805321, 29.509712, 29.222562, 28.744891 ] }, { "date": "2024-03-15", "close": 30.110267, "volume": 228093, "typical_volume": 387392.8, "trend": 28.368759, "fair_value": 29.824636, "relative_strength": -8.10306, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.577985, "energy": 77.120425, "activity_lines": [ 29.983626, 29.6446, 29.356532, 28.862221 ] }, { "date": "2024-03-22", "close": 30.4883, "volume": 265694, "typical_volume": 382939.7, "trend": 28.451299, "fair_value": 29.809198, "relative_strength": -8.640904, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.669258, "energy": 85.105364, "activity_lines": [ 30.211706, 29.833788, 29.504416, 28.998965 ] }, { "date": "2024-03-29", "close": 30.696217, "volume": 284919, "typical_volume": 380386.15, "trend": 28.517108, "fair_value": 29.794814, "relative_strength": -8.015781, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.238583, "energy": 87.204904, "activity_lines": [ 30.425924, 30.043253, 29.657019, 29.143799 ] }, { "date": "2024-04-05", "close": 30.459947, "volume": 258576, "typical_volume": 379696.2, "trend": 28.593939, "fair_value": 29.776181, "relative_strength": -7.591834, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.97946, "energy": 78.553293, "activity_lines": [ 30.478849, 30.174533, 29.768689, 29.269143 ] }, { "date": "2024-04-12", "close": 29.883448, "volume": 260527, "typical_volume": 383808.95, "trend": 28.647289, "fair_value": 29.750447, "relative_strength": -7.644405, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.021054, "energy": 52.618243, "activity_lines": [ 30.295503, 30.176423, 29.812197, 29.352337 ] }, { "date": "2024-04-19", "close": 29.259695, "volume": 276759, "typical_volume": 380963.5, "trend": 28.700396, "fair_value": 29.720492, "relative_strength": -6.381113, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.831376, "energy": 30.355327, "activity_lines": [ 29.939523, 30.050641, 29.787166, 29.391847 ] }, { "date": "2024-04-26", "close": 29.656629, "volume": 248831, "typical_volume": 375574.45, "trend": 28.781679, "fair_value": 29.696206, "relative_strength": -7.232968, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.73409, "energy": 22.645908, "activity_lines": [ 29.772559, 29.991703, 29.795732, 29.45354 ] }, { "date": "2024-05-03", "close": 30.37489, "volume": 242804, "typical_volume": 359022.75, "trend": 28.902471, "fair_value": 29.671167, "relative_strength": -5.208243, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.057298, "energy": 25.336542, "activity_lines": [ 29.90046, 30.055796, 29.865852, 29.556327 ] }, { "date": "2024-05-10", "close": 30.535554, "volume": 170363, "typical_volume": 347743.1, "trend": 29.041384, "fair_value": 29.652348, "relative_strength": -6.109637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.183752, "energy": 25.893204, "activity_lines": [ 30.103337, 30.132434, 29.944068, 29.661688 ] }, { "date": "2024-05-17", "close": 31.055348, "volume": 149579, "typical_volume": 343952.55, "trend": 29.21973, "fair_value": 29.635131, "relative_strength": -5.755762, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.795923, "energy": 49.412905, "activity_lines": [ 30.474439, 30.290176, 30.067604, 29.791621 ] }, { "date": "2024-05-24", "close": 30.84743, "volume": 179407, "typical_volume": 342759.2, "trend": 29.398928, "fair_value": 29.613456, "relative_strength": -6.108595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.395301, "energy": 61.849772, "activity_lines": [ 30.698108, 30.398431, 30.166387, 29.896634 ] }, { "date": "2024-05-31", "close": 30.951389, "volume": 143031, "typical_volume": 298455.75, "trend": 29.519945, "fair_value": 29.58893, "relative_strength": -5.159652, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.444081, "energy": 66.718061, "activity_lines": [ 30.85058, 30.512184, 30.267781, 29.996792 ] }, { "date": "2024-06-07", "close": 30.554455, "volume": 453056, "typical_volume": 281845.8, "trend": 29.644232, "fair_value": 29.562109, "relative_strength": -7.236367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.669566, "energy": 60.180396, "activity_lines": [ 30.784425, 30.545348, 30.324576, 30.063535 ] }, { "date": "2024-06-14", "close": 30.148071, "volume": 149096, "typical_volume": 274859.15, "trend": 29.72664, "fair_value": 29.540862, "relative_strength": -9.62647, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.476333, "energy": 32.425148, "activity_lines": [ 30.570837, 30.507201, 30.334116, 30.096041 ] }, { "date": "2024-06-21", "close": 30.185874, "volume": 164585, "typical_volume": 252746.2, "trend": 29.800657, "fair_value": 29.514747, "relative_strength": -9.810324, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.689963, "energy": 18.951625, "activity_lines": [ 30.395682, 30.481598, 30.342307, 30.125669 ] }, { "date": "2024-06-28", "close": 30.421136, "volume": 277404, "typical_volume": 237425.3, "trend": 29.868816, "fair_value": 29.489971, "relative_strength": -8.793765, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.013192, "energy": 16.969869, "activity_lines": [ 30.356913, 30.493271, 30.367728, 30.1657 ] }, { "date": "2024-07-05", "close": 30.8141, "volume": 367214, "typical_volume": 239523.85, "trend": 29.955367, "fair_value": 29.46918, "relative_strength": -9.057441, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.823046, "energy": 18.043098, "activity_lines": [ 30.477551, 30.555275, 30.423649, 30.226686 ] }, { "date": "2024-07-12", "close": 31.676703, "volume": 335757, "typical_volume": 247906.0, "trend": 30.049188, "fair_value": 29.45713, "relative_strength": -7.113282, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.976548, "energy": 39.667879, "activity_lines": [ 30.894876, 30.753072, 30.55423, 30.33774 ] }, { "date": "2024-07-19", "close": 31.082465, "volume": 131470, "typical_volume": 244698.15, "trend": 30.096716, "fair_value": 29.439073, "relative_strength": -6.763049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.226681, "energy": 49.265179, "activity_lines": [ 31.039306, 30.819155, 30.617653, 30.404403 ] }, { "date": "2024-07-26", "close": 31.044128, "volume": 276258, "typical_volume": 243171.15, "trend": 30.130995, "fair_value": 29.419249, "relative_strength": -5.844925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.427703, "energy": 52.192258, "activity_lines": [ 31.108663, 30.868324, 30.67131, 30.465526 ] }, { "date": "2024-08-02", "close": 30.114433, "volume": 293600, "typical_volume": 246446.5, "trend": 30.157596, "fair_value": 29.393038, "relative_strength": -6.415706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.809964, "energy": 24.647052, "activity_lines": [ 30.810905, 30.748662, 30.633417, 30.464458 ] }, { "date": "2024-08-09", "close": 30.046958, "volume": 612543, "typical_volume": 263788.95, "trend": 30.175017, "fair_value": 29.364849, "relative_strength": -6.371125, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.158993, "energy": 10.607118, "activity_lines": [ 30.511103, 30.630059, 30.589079, 30.45732 ] }, { "date": "2024-08-16", "close": 31.216648, "volume": 733547, "typical_volume": 286220.35, "trend": 30.256945, "fair_value": 29.352105, "relative_strength": -6.220181, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.807918, "energy": 18.018197, "activity_lines": [ 30.652339, 30.740571, 30.658241, 30.524522 ] }, { "date": "2024-08-23", "close": 32.141359, "volume": 268558, "typical_volume": 286719.45, "trend": 30.358041, "fair_value": 29.336834, "relative_strength": -4.559716, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.238031, "energy": 30.10736, "activity_lines": [ 31.132484, 31.007172, 30.812993, 30.646097 ] }, { "date": "2024-08-30", "close": 31.906731, "volume": 189689, "typical_volume": 283177.55, "trend": 30.451631, "fair_value": 29.313072, "relative_strength": -5.275237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.629846, "energy": 50.68896, "activity_lines": [ 31.463826, 31.194872, 30.937393, 30.746012 ] }, { "date": "2024-09-06", "close": 30.516981, "volume": 410407, "typical_volume": 289859.95, "trend": 30.503307, "fair_value": 29.283163, "relative_strength": -5.259204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.137814, "energy": 42.74558, "activity_lines": [ 31.274411, 31.098602, 30.919801, 30.750228 ] }, { "date": "2024-09-13", "close": 31.724626, "volume": 188368, "typical_volume": 286836.8, "trend": 30.586101, "fair_value": 29.260882, "relative_strength": -5.058794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.056847, "energy": 51.05919, "activity_lines": [ 31.460708, 31.220161, 31.011235, 30.829023 ] }, { "date": "2024-09-20", "close": 32.088836, "volume": 219014, "typical_volume": 285647.3, "trend": 30.67379, "fair_value": 29.243479, "relative_strength": -5.048457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.625018, "energy": 45.600379, "activity_lines": [ 31.656563, 31.391386, 31.127509, 30.925974 ] }, { "date": "2024-09-27", "close": 32.626813, "volume": 195418, "typical_volume": 286900.05, "trend": 30.768071, "fair_value": 29.235265, "relative_strength": -3.768989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.436361, "energy": 49.534577, "activity_lines": [ 31.973599, 31.65293, 31.286856, 31.051975 ] }, { "date": "2024-10-04", "close": 32.242187, "volume": 177118, "typical_volume": 288277.0, "trend": 30.829054, "fair_value": 29.227629, "relative_strength": -4.942914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.757651, "energy": 59.096678, "activity_lines": [ 32.130062, 31.816464, 31.399615, 31.14708 ] }, { "date": "2024-10-11", "close": 32.021649, "volume": 123755, "typical_volume": 285494.4, "trend": 30.892767, "fair_value": 29.211986, "relative_strength": -6.464983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.979612, "energy": 55.85781, "activity_lines": [ 32.190649, 31.918117, 31.485718, 31.224021 ] }, { "date": "2024-10-18", "close": 31.849224, "volume": 134684, "typical_volume": 285077.05, "trend": 30.938131, "fair_value": 29.194674, "relative_strength": -7.543911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.420074, "energy": 45.210357, "activity_lines": [ 32.093449, 31.953744, 31.549808, 31.285728 ] }, { "date": "2024-10-25", "close": 30.810075, "volume": 193447, "typical_volume": 272096.6, "trend": 30.941926, "fair_value": 29.1708, "relative_strength": -9.417814, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.21637, "energy": 14.628166, "activity_lines": [ 31.64156, 31.767665, 31.510656, 31.277466 ] }, { "date": "2024-11-01", "close": 30.8141, "volume": 143577, "typical_volume": 271820.65, "trend": 30.953731, "fair_value": 29.144486, "relative_strength": -7.842869, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.768051, "energy": 14.72958, "activity_lines": [ 31.276264, 31.589711, 31.47067, 31.26922 ] }, { "date": "2024-11-08", "close": 30.996205, "volume": 155173, "typical_volume": 271350.05, "trend": 30.990823, "fair_value": 29.120184, "relative_strength": -11.217237, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.340783, "energy": 20.821799, "activity_lines": [ 31.092516, 31.468999, 31.444857, 31.27196 ] }, { "date": "2024-11-15", "close": 30.181524, "volume": 272422, "typical_volume": 271100.95, "trend": 31.021551, "fair_value": 29.095563, "relative_strength": -11.402378, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -33.362831, "energy": 34.927834, "activity_lines": [ 30.720274, 31.216718, 31.337595, 31.219747 ] }, { "date": "2024-11-22", "close": 30.469059, "volume": 299104, "typical_volume": 267695.45, "trend": 31.048632, "fair_value": 29.081838, "relative_strength": -11.700403, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.423955, "energy": 45.523071, "activity_lines": [ 30.566552, 31.022815, 31.258859, 31.184102 ] }, { "date": "2024-11-29", "close": 31.044128, "volume": 282501, "typical_volume": 265032.65, "trend": 31.07094, "fair_value": 29.072665, "relative_strength": -10.755459, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.056128, "energy": 36.537647, "activity_lines": [ 30.696531, 30.956299, 31.236535, 31.183812 ] }, { "date": "2024-12-06", "close": 31.063296, "volume": 277150, "typical_volume": 272316.65, "trend": 31.088531, "fair_value": 29.057903, "relative_strength": -11.146378, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.47248, "energy": 25.086022, "activity_lines": [ 30.817295, 30.912263, 31.219048, 31.183319 ] }, { "date": "2024-12-13", "close": 30.756593, "volume": 412152, "typical_volume": 279111.35, "trend": 31.078573, "fair_value": 29.044801, "relative_strength": -11.167612, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.475533, "energy": 15.604346, "activity_lines": [ 30.819212, 30.840889, 31.172443, 31.161903 ] }, { "date": "2024-12-20", "close": 29.89399, "volume": 306007, "typical_volume": 279731.7, "trend": 31.046791, "fair_value": 29.023063, "relative_strength": -11.664408, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -45.201768, "energy": 29.050974, "activity_lines": [ 30.549568, 30.63969, 31.045054, 31.085479 ] }, { "date": "2024-12-27", "close": 30.127215, "volume": 219378, "typical_volume": 260073.45, "trend": 31.019319, "fair_value": 28.999434, "relative_strength": -11.155042, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.719161, "energy": 43.830258, "activity_lines": [ 30.376836, 30.51958, 30.940927, 31.026151 ] }, { "date": "2025-01-03", "close": 30.321333, "volume": 373698, "typical_volume": 242081.0, "trend": 31.011548, "fair_value": 28.981067, "relative_strength": -9.747814, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.584023, "energy": 58.56297, "activity_lines": [ 30.291598, 30.466074, 30.854905, 30.98112 ] }, { "date": "2025-01-10", "close": 29.525447, "volume": 288877, "typical_volume": 243096.95, "trend": 30.990794, "fair_value": 28.956966, "relative_strength": -10.019957, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.025305, "energy": 72.539264, "activity_lines": [ 29.989252, 30.276747, 30.697348, 30.885242 ] }, { "date": "2025-01-17", "close": 30.098097, "volume": 343888, "typical_volume": 250806.9, "trend": 30.987868, "fair_value": 28.945891, "relative_strength": -10.593539, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.933022, "energy": 57.442921, "activity_lines": [ 29.980313, 30.214969, 30.606786, 30.827649 ] }, { "date": "2025-01-24", "close": 30.835748, "volume": 179429, "typical_volume": 239258.0, "trend": 31.001688, "fair_value": 28.946889, "relative_strength": -9.666535, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.031803, "energy": 33.128776, "activity_lines": [ 30.261157, 30.303638, 30.595089, 30.817835 ] }, { "date": "2025-01-31", "close": 30.796924, "volume": 302454, "typical_volume": 244962.3, "trend": 31.001116, "fair_value": 28.940695, "relative_strength": -8.593933, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.135932, "energy": 21.317585, "activity_lines": [ 30.466275, 30.373353, 30.578176, 30.804624 ] }, { "date": "2025-02-07", "close": 31.204573, "volume": 312331, "typical_volume": 249628.15, "trend": 30.985378, "fair_value": 28.937688, "relative_strength": -7.011509, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.388625, "energy": 15.531717, "activity_lines": [ 30.76263, 30.511225, 30.604505, 30.81775 ] }, { "date": "2025-02-14", "close": 31.7384, "volume": 322312, "typical_volume": 255972.85, "trend": 31.007243, "fair_value": 28.939824, "relative_strength": -6.573318, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.815771, "energy": 31.308813, "activity_lines": [ 31.178044, 30.743239, 30.685885, 30.866333 ] }, { "date": "2025-02-21", "close": 31.51031, "volume": 125608, "typical_volume": 253397.35, "trend": 31.022782, "fair_value": 28.940154, "relative_strength": -5.532747, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.016287, "energy": 32.803702, "activity_lines": [ 31.369898, 30.921508, 30.749772, 30.898788 ] }, { "date": "2025-02-28", "close": 30.991043, "volume": 285671, "typical_volume": 261493.15, "trend": 31.052002, "fair_value": 28.943583, "relative_strength": -5.971223, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.530328, "energy": 29.750309, "activity_lines": [ 31.294515, 30.99166, 30.767691, 30.896741 ] }, { "date": "2025-03-07", "close": 31.767517, "volume": 241026, "typical_volume": 266810.25, "trend": 31.109354, "fair_value": 28.954399, "relative_strength": -0.385536, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.74626, "energy": 40.963076, "activity_lines": [ 31.467604, 31.183044, 30.864468, 30.942903 ] }, { "date": "2025-03-14", "close": 31.796635, "volume": 316476, "typical_volume": 272961.7, "trend": 31.128687, "fair_value": 28.955244, "relative_strength": 2.139456, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.975352, "energy": 28.488244, "activity_lines": [ 31.585693, 31.349898, 30.964407, 30.987244 ] }, { "date": "2025-03-21", "close": 31.775282, "volume": 258812, "typical_volume": 278723.45, "trend": 31.116485, "fair_value": 28.956125, "relative_strength": 1.655874, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.415556, "energy": 28.859021, "activity_lines": [ 31.657193, 31.486045, 31.057614, 31.02896 ] }, { "date": "2025-03-28", "close": 31.282221, "volume": 221665, "typical_volume": 282048.05, "trend": 31.095668, "fair_value": 28.953501, "relative_strength": 1.687477, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.414672, "energy": 24.956646, "activity_lines": [ 31.561881, 31.491639, 31.099286, 31.039652 ] }, { "date": "2025-04-04", "close": 28.593677, "volume": 287246, "typical_volume": 282789.25, "trend": 31.031558, "fair_value": 28.938348, "relative_strength": 2.318973, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -48.335618, "energy": 28.3645, "activity_lines": [ 30.585593, 30.986878, 30.883544, 30.878233 ] }, { "date": "2025-04-11", "close": 30.554276, "volume": 597952, "typical_volume": 297731.65, "trend": 30.992546, "fair_value": 28.93714, "relative_strength": 3.53861, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -23.920449, "energy": 23.216381, "activity_lines": [ 30.422663, 30.879354, 30.862087, 30.847441 ] }, { "date": "2025-04-18", "close": 31.583105, "volume": 195125, "typical_volume": 293362.85, "trend": 30.975688, "fair_value": 28.948267, "relative_strength": 8.550032, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.697495, "energy": 16.180223, "activity_lines": [ 30.683559, 30.963301, 30.938208, 30.885542 ] }, { "date": "2025-04-25", "close": 32.446933, "volume": 218194, "typical_volume": 290415.05, "trend": 30.969692, "fair_value": 28.969751, "relative_strength": 6.61786, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.621717, "energy": 27.109518, "activity_lines": [ 31.246633, 31.197426, 31.094031, 30.980461 ] }, { "date": "2025-05-02", "close": 32.844876, "volume": 260520, "typical_volume": 282833.45, "trend": 30.989782, "fair_value": 28.997344, "relative_strength": 4.93652, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.078507, "energy": 54.299462, "activity_lines": [ 31.897577, 31.491022, 31.281166, 31.10144 ] }, { "date": "2025-05-09", "close": 33.301055, "volume": 151980, "typical_volume": 275132.1, "trend": 31.032429, "fair_value": 29.031419, "relative_strength": 6.863713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.851881, "energy": 74.998512, "activity_lines": [ 32.596404, 31.843294, 31.501801, 31.250555 ] }, { "date": "2025-05-16", "close": 33.621351, "volume": 429086, "typical_volume": 285617.5, "trend": 31.0915, "fair_value": 29.064219, "relative_strength": 2.570394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.004564, "energy": 81.436148, "activity_lines": [ 33.088172, 32.211802, 31.736717, 31.417582 ] }, { "date": "2025-05-23", "close": 34.042879, "volume": 159052, "typical_volume": 274885.2, "trend": 31.19926, "fair_value": 29.094575, "relative_strength": 6.570717, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.016505, "energy": 84.322367, "activity_lines": [ 33.515977, 32.623246, 31.99514, 31.607993 ] }, { "date": "2025-05-30", "close": 34.669591, "volume": 308547, "typical_volume": 275868.7, "trend": 31.327776, "fair_value": 29.129274, "relative_strength": 6.662395, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.958261, "energy": 88.534208, "activity_lines": [ 33.988701, 33.107796, 32.295528, 31.831886 ] }, { "date": "2025-06-06", "close": 35.164594, "volume": 405279, "typical_volume": 278938.25, "trend": 31.466722, "fair_value": 29.17518, "relative_strength": 6.396988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.221219, "energy": 91.917867, "activity_lines": [ 34.478249, 33.629722, 32.618563, 32.079422 ] }, { "date": "2025-06-13", "close": 35.193712, "volume": 199289, "typical_volume": 279931.25, "trend": 31.633795, "fair_value": 29.232291, "relative_strength": 6.766222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.434516, "energy": 89.751253, "activity_lines": [ 34.822855, 34.086355, 32.920245, 32.319873 ] }, { "date": "2025-06-20", "close": 35.057829, "volume": 309884, "typical_volume": 280302.75, "trend": 31.786754, "fair_value": 29.285443, "relative_strength": 6.419159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.155567, "energy": 85.365487, "activity_lines": [ 34.995989, 34.398281, 33.188234, 32.540779 ] }, { "date": "2025-06-27", "close": 36.402726, "volume": 221094, "typical_volume": 275740.9, "trend": 31.965374, "fair_value": 29.350416, "relative_strength": 6.69785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.640687, "energy": 87.748994, "activity_lines": [ 35.521657, 34.87285, 33.564018, 32.838583 ] }, { "date": "2025-07-04", "close": 36.835624, "volume": 330488, "typical_volume": 276149.7, "trend": 32.157785, "fair_value": 29.417233, "relative_strength": 6.068214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.085232, "energy": 92.659237, "activity_lines": [ 36.034302, 35.338499, 33.956278, 33.152793 ] }, { "date": "2025-07-11", "close": 36.786431, "volume": 228807, "typical_volume": 281309.65, "trend": 32.35878, "fair_value": 29.487402, "relative_strength": 6.15552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.207002, "energy": 92.59533, "activity_lines": [ 36.386147, 35.71541, 34.319579, 33.451415 ] }, { "date": "2025-07-18", "close": 36.806108, "volume": 254884, "typical_volume": 279770.3, "trend": 32.589184, "fair_value": 29.550189, "relative_strength": 5.493671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.16015, "energy": 90.810568, "activity_lines": [ 36.636428, 36.024233, 34.659631, 33.73834 ] }, { "date": "2025-07-25", "close": 37.603032, "volume": 224120, "typical_volume": 278925.0, "trend": 32.838378, "fair_value": 29.611507, "relative_strength": 6.11984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.716898, "energy": 94.443728, "activity_lines": [ 37.044857, 36.414224, 35.047889, 34.061814 ] }, { "date": "2025-08-01", "close": 36.786431, "volume": 188717, "typical_volume": 272537.05, "trend": 33.053881, "fair_value": 29.668581, "relative_strength": 6.31156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.066079, "energy": 82.57562, "activity_lines": [ 37.011406, 36.583347, 35.330587, 34.316527 ] }, { "date": "2025-08-08", "close": 37.96706, "volume": 120241, "typical_volume": 265608.5, "trend": 33.335268, "fair_value": 29.727344, "relative_strength": 6.968477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.221663, "energy": 72.98664, "activity_lines": [ 37.345918, 36.917247, 35.701966, 34.633506 ] }, { "date": "2025-08-15", "close": 38.135496, "volume": 176091, "typical_volume": 263329.8, "trend": 33.603181, "fair_value": 29.794229, "relative_strength": 6.315056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.933167, "energy": 71.92121, "activity_lines": [ 37.661146, 37.221819, 36.059901, 34.943198 ] }, { "date": "2025-08-22", "close": 38.65576, "volume": 132588, "typical_volume": 255596.9, "trend": 33.863848, "fair_value": 29.868116, "relative_strength": 7.378556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.262828, "energy": 72.541283, "activity_lines": [ 38.059857, 37.566967, 36.434751, 35.269171 ] }, { "date": "2025-08-29", "close": 38.468827, "volume": 152147, "typical_volume": 233306.65, "trend": 34.119578, "fair_value": 29.94709, "relative_strength": 6.81659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.643963, "energy": 69.614703, "activity_lines": [ 38.272948, 37.815181, 36.743883, 35.566267 ] }, { "date": "2025-09-05", "close": 38.808258, "volume": 210794, "typical_volume": 234090.1, "trend": 34.373035, "fair_value": 30.024807, "relative_strength": 7.29164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.049287, "energy": 69.679984, "activity_lines": [ 38.541462, 38.063091, 37.047653, 35.868762 ] }, { "date": "2025-09-12", "close": 39.629779, "volume": 200356, "typical_volume": 233198.2, "trend": 34.636081, "fair_value": 30.113435, "relative_strength": 7.751824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.696711, "energy": 73.488254, "activity_lines": [ 38.949028, 38.416633, 37.395257, 36.207907 ] }, { "date": "2025-09-19", "close": 39.590424, "volume": 161226, "typical_volume": 228233.5, "trend": 34.905418, "fair_value": 30.212316, "relative_strength": 6.240322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.596692, "energy": 70.80423, "activity_lines": [ 39.232628, 38.712215, 37.70491, 36.527542 ] }, { "date": "2025-09-26", "close": 39.492039, "volume": 207303, "typical_volume": 230999.65, "trend": 35.188784, "fair_value": 30.313738, "relative_strength": 6.208677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.213907, "energy": 68.729902, "activity_lines": [ 39.386438, 38.938928, 37.973071, 36.823453 ] }, { "date": "2025-10-03", "close": 40.10203, "volume": 237021, "typical_volume": 221396.4, "trend": 35.466601, "fair_value": 30.416801, "relative_strength": 6.549812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.478797, "energy": 71.643487, "activity_lines": [ 39.687826, 39.227714, 38.269846, 37.140437 ] }, { "date": "2025-10-10", "close": 38.695114, "volume": 192248, "typical_volume": 223056.2, "trend": 35.696551, "fair_value": 30.515501, "relative_strength": 5.240559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.070952, "energy": 63.613457, "activity_lines": [ 39.411362, 39.21526, 38.401768, 37.348728 ] }, { "date": "2025-10-17", "close": 39.5127, "volume": 148614, "typical_volume": 215059.55, "trend": 35.954465, "fair_value": 30.615019, "relative_strength": 5.469077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.744888, "energy": 57.82727, "activity_lines": [ 39.41497, 39.316755, 38.589402, 37.594931 ] }, { "date": "2025-10-24", "close": 39.890304, "volume": 120583, "typical_volume": 200824.75, "trend": 36.241401, "fair_value": 30.713058, "relative_strength": 4.275657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.474515, "energy": 58.626584, "activity_lines": [ 39.552251, 39.458802, 38.789936, 37.848856 ] }, { "date": "2025-10-31", "close": 39.246074, "volume": 406552, "typical_volume": 211187.9, "trend": 36.596481, "fair_value": 30.804814, "relative_strength": 1.766739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.156103, "energy": 45.664361, "activity_lines": [ 39.454796, 39.451811, 38.906611, 38.042706 ] }, { "date": "2025-11-07", "close": 38.645921, "volume": 616925, "typical_volume": 226539.95, "trend": 36.866202, "fair_value": 30.879349, "relative_strength": 1.688604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.163409, "energy": 36.956472, "activity_lines": [ 39.173688, 39.324969, 38.946832, 38.174928 ] }, { "date": "2025-11-14", "close": 39.147689, "volume": 470778, "typical_volume": 239024.15, "trend": 37.118355, "fair_value": 30.959881, "relative_strength": 2.648739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.875519, "energy": 30.467136, "activity_lines": [ 39.156911, 39.286137, 39.017754, 38.322121 ] }, { "date": "2025-11-21", "close": 38.134315, "volume": 290216, "typical_volume": 237010.55, "trend": 37.307934, "fair_value": 31.029553, "relative_strength": 1.73925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.666349, "energy": 18.032814, "activity_lines": [ 38.77217, 39.056884, 38.979093, 38.387666 ] }, { "date": "2025-11-28", "close": 39.914704, "volume": 249334, "typical_volume": 238036.9, "trend": 37.543595, "fair_value": 31.107959, "relative_strength": 2.476318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.555664, "energy": 21.871048, "activity_lines": [ 39.072784, 39.178528, 39.103809, 38.555845 ] }, { "date": "2025-12-05", "close": 40.052837, "volume": 474990, "typical_volume": 249042.2, "trend": 37.768655, "fair_value": 31.191442, "relative_strength": 2.255329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.025077, "energy": 33.808631, "activity_lines": [ 39.417816, 39.319391, 39.226783, 38.717732 ] }, { "date": "2025-12-12", "close": 40.279125, "volume": 260194, "typical_volume": 250845.9, "trend": 37.99058, "fair_value": 31.278063, "relative_strength": 3.163236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.508168, "energy": 40.581298, "activity_lines": [ 39.784494, 39.491201, 39.355848, 38.879698 ] }, { "date": "2025-12-19", "close": 40.44638, "volume": 211679, "typical_volume": 251994.0, "trend": 38.20403, "fair_value": 31.365158, "relative_strength": 3.181055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.823494, "energy": 59.975758, "activity_lines": [ 40.098042, 39.690202, 39.488099, 39.038136 ] }, { "date": "2025-12-26", "close": 41.05, "volume": 134679, "typical_volume": 252715.9, "trend": 38.416711, "fair_value": 31.454884, "relative_strength": 2.963109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.423578, "energy": 73.195613, "activity_lines": [ 40.526218, 39.96711, 39.66041, 39.221747 ] }, { "date": "2026-01-02", "close": 41.24, "volume": 179072, "typical_volume": 252864.95, "trend": 38.619224, "fair_value": 31.542172, "relative_strength": 4.224272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.079667, "energy": 75.680047, "activity_lines": [ 40.823348, 40.250613, 39.836135, 39.403895 ] }, { "date": "2026-01-09", "close": 42.03, "volume": 267807, "typical_volume": 259625.9, "trend": 38.847101, "fair_value": 31.627212, "relative_strength": 4.237808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.74433, "energy": 80.04776, "activity_lines": [ 41.295459, 40.653212, 40.072314, 39.623945 ] }, { "date": "2026-01-16", "close": 42.67, "volume": 191704, "typical_volume": 261603.75, "trend": 39.10084, "fair_value": 31.71494, "relative_strength": 5.817733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.231195, "energy": 87.083755, "activity_lines": [ 41.849092, 41.121558, 40.353378, 39.870584 ] }, { "date": "2026-01-23", "close": 43.78, "volume": 174908, "typical_volume": 259809.45, "trend": 39.346749, "fair_value": 31.80713, "relative_strength": 8.516265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.915947, "energy": 92.300171, "activity_lines": [ 42.613333, 41.718557, 40.720151, 40.172465 ] }, { "date": "2026-01-30", "close": 43.83, "volume": 217063, "typical_volume": 260644.8, "trend": 39.579895, "fair_value": 31.901115, "relative_strength": 7.800296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.95219, "energy": 91.714659, "activity_lines": [ 43.172, 42.240423, 41.068011, 40.461707 ] }, { "date": "2026-02-06", "close": 44.15, "volume": 694235, "typical_volume": 287295.25, "trend": 39.825347, "fair_value": 31.999332, "relative_strength": 8.395913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.274805, "energy": 90.96539, "activity_lines": [ 43.652, 42.716913, 41.426346, 40.756552 ] }, { "date": "2026-02-13", "close": 45.25, "volume": 375398, "typical_volume": 295700.0, "trend": 40.10681, "fair_value": 32.105485, "relative_strength": 12.041233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.049239, "energy": 92.661613, "activity_lines": [ 44.304667, 43.316398, 41.867731, 41.10653 ] }, { "date": "2026-02-20", "close": 45.8, "volume": 135157, "typical_volume": 290606.8, "trend": 40.380042, "fair_value": 32.220235, "relative_strength": 11.657915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.540773, "energy": 92.580005, "activity_lines": [ 44.926, 43.921389, 42.334077, 41.473833 ] }, { "date": "2026-02-27", "close": 46.43, "volume": 271583, "typical_volume": 294573.55, "trend": 40.701495, "fair_value": 32.332891, "relative_strength": 13.215645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.987367, "energy": 94.394987, "activity_lines": [ 45.548667, 44.540545, 42.833291, 41.864152 ] }, { "date": "2026-03-06", "close": 43.75, "volume": 529784, "typical_volume": 313632.05, "trend": 40.894259, "fair_value": 32.434264, "relative_strength": 8.516761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.216127, "energy": 66.062929, "activity_lines": [ 45.101333, 44.563636, 43.040434, 42.06083 ] }, { "date": "2026-03-13", "close": 42.17, "volume": 269974, "typical_volume": 321101.6, "trend": 41.028743, "fair_value": 32.529695, "relative_strength": 5.969869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.683636, "energy": 45.44076, "activity_lines": [ 44.132667, 44.250364, 43.076922, 42.143136 ] }, { "date": "2026-03-20", "close": 41.2, "volume": 289269, "typical_volume": 315237.45, "trend": 41.113551, "fair_value": 32.616432, "relative_strength": 5.210854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.947804, "energy": 20.634861, "activity_lines": [ 42.972667, 43.743818, 43.010175, 42.154185 ] }, { "date": "2026-03-27", "close": 41.23, "volume": 320125, "typical_volume": 300397.45, "trend": 41.20559, "fair_value": 32.698113, "relative_strength": 7.41539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.154507, "energy": 25.995609, "activity_lines": [ 42.092667, 43.257818, 42.936979, 42.161698 ] }, { "date": "2026-04-03", "close": 42.59, "volume": 524514, "typical_volume": 303084.25, "trend": 41.331648, "fair_value": 32.789987, "relative_strength": 7.018567, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.783349, "energy": 27.432723, "activity_lines": [ 41.970667, 43.045273, 42.981003, 42.251015 ] }, { "date": "2026-04-10", "close": 44.29, "volume": 268228, "typical_volume": 301984.85, "trend": 41.486989, "fair_value": 32.888689, "relative_strength": 7.171796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.550126, "energy": 21.928367, "activity_lines": [ 42.671333, 43.163455, 43.170539, 42.441876 ] }, { "date": "2026-04-17", "close": 46.04, "volume": 224135, "typical_volume": 300724.9, "trend": 41.701974, "fair_value": 33.000083, "relative_strength": 6.453759, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.290207, "energy": 35.671424, "activity_lines": [ 43.919333, 43.591455, 43.49743, 42.735619 ] }, { "date": "2026-04-24", "close": 44.664347, "volume": 200418, "typical_volume": 286996.3, "trend": 41.874385, "fair_value": 33.102947, "relative_strength": 2.627418, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 53.718346, "energy": 42.635973, "activity_lines": [ 44.450782, 43.734972, 43.664137, 42.926739 ] }, { "date": "2026-05-01", "close": 45.178298, "volume": 659895, "typical_volume": 306981.35, "trend": 42.043594, "fair_value": 33.20699, "relative_strength": 2.709769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.336244, "energy": 57.655992, "activity_lines": [ 44.922592, 43.982584, 43.857833, 43.139895 ] }, { "date": "2026-05-08", "close": 46.413758, "volume": 206011, "typical_volume": 306697.95, "trend": 42.300882, "fair_value": 33.320957, "relative_strength": 2.985837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.403012, "energy": 69.454246, "activity_lines": [ 45.543002, 44.466128, 44.145862, 43.421841 ] }, { "date": "2026-05-15", "close": 45.227716, "volume": 198649, "typical_volume": 309896.45, "trend": 42.491382, "fair_value": 33.427627, "relative_strength": 0.019209, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.460973, "energy": 55.3039, "activity_lines": [ 45.513147, 44.734324, 44.292519, 43.610669 ] }, { "date": "2026-05-22", "close": 45.632947, "volume": 194452, "typical_volume": 310665.45, "trend": 42.682804, "fair_value": 33.540245, "relative_strength": -0.015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.824271, "energy": 44.642298, "activity_lines": [ 45.555854, 45.04933, 44.457875, 43.813351 ] }, { "date": "2026-05-29", "close": 46.206201, "volume": 292007, "typical_volume": 311875.45, "trend": 42.914808, "fair_value": 33.653589, "relative_strength": -0.2593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.922245, "energy": 43.008507, "activity_lines": [ 45.816784, 45.405602, 44.656908, 44.040667 ] }, { "date": "2026-06-05", "close": 43.784699, "volume": 525192, "typical_volume": 328549.85, "trend": 43.086101, "fair_value": 33.750231, "relative_strength": -3.060562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.961586, "energy": 23.635765, "activity_lines": [ 45.167755, 45.230578, 44.605436, 44.096789 ] }, { "date": "2026-06-12", "close": 45.2376, "volume": 282268, "typical_volume": 333917.85, "trend": 43.289098, "fair_value": 33.853511, "relative_strength": -0.453478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.984361, "energy": 22.335781, "activity_lines": [ 45.095934, 45.27327, 44.687026, 44.235595 ] }, { "date": "2026-06-19", "close": 44.980624, "volume": 292060, "typical_volume": 337667.7, "trend": 43.517308, "fair_value": 33.962703, "relative_strength": -1.948548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.516007, "energy": 18.012556, "activity_lines": [ 45.016864, 45.2211, 44.737202, 44.344726 ] }, { "date": "2026-06-26", "close": 43.29, "volume": 510725, "typical_volume": 328492.2, "trend": 43.629818, "fair_value": 34.057525, "relative_strength": -3.321922, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.738792, "energy": 13.547682, "activity_lines": [ 44.390726, 44.848988, 44.620887, 44.330061 ] }, { "date": "2026-07-03", "close": 43.8062, "volume": 423659, "typical_volume": 330905.25, "trend": 43.75493, "fair_value": 34.155776, "relative_strength": -4.22107, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.541159, "energy": 14.593901, "activity_lines": [ 44.092851, 44.62073, 44.557829, 44.34144 ] }, { "date": "2026-07-10", "close": 43.9, "volume": 444695, "typical_volume": 346382.15, "trend": 43.875626, "fair_value": 34.248221, "relative_strength": -5.26476, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.071334, "energy": 12.907991, "activity_lines": [ 43.986243, 44.425129, 44.510579, 44.3508 ] }, { "date": "2026-07-17", "close": 42.99, "volume": 272258, "typical_volume": 346415.9, "trend": 43.960413, "fair_value": 34.33609, "relative_strength": -5.730137, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.986302, "energy": 26.813787, "activity_lines": [ 43.568615, 44.087316, 44.385711, 44.293663 ] }, { "date": "2026-07-24", "close": 43.25, "volume": 216851, "typical_volume": 330769.25, "trend": 44.033746, "fair_value": 34.42395, "relative_strength": -4.566184, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.881715, "energy": 35.05233, "activity_lines": [ 43.387493, 43.859025, 44.301985, 44.24783 ] }, { "date": "2026-07-31", "close": 43.04, "volume": 270363, "typical_volume": 330788.7, "trend": 44.093746, "fair_value": 34.514475, "relative_strength": -5.994238, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.972508, "energy": 35.748442, "activity_lines": [ 43.251747, 43.628511, 44.20064, 44.183717 ] }, { "date": "2026-08-07", "close": 45.63, "volume": 238170, "typical_volume": 328233.75, "trend": 44.213746, "fair_value": 34.62265, "relative_strength": -3.680665, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 15.068758, "energy": 10.954566, "activity_lines": [ 43.996, 43.91605, 44.341819, 44.28283 ] } ], "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." } } }