{ "ticker": { "uuid": "40e375d7-0183-493a-a6cf-e15dd0eaaccd", "symbol": "QLVE", "name": "FLEXSHARES TRUST EMERGING MKTS QUALITY LOW VOLATILITY IDX", "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": 65.808, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 35.417, "architecture_energy": 19.2, "architecture_maturity": 48.074, "architecture_confidence": 83.459, "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": 50.58, "rotation_up": 24.41, "upward_expansion": 54.15, "deceleration": 90.23, "rotation_down": 28.44, "downward_expansion": 17.82 }, "activity_lines": [ 32.946053, 33.092574, 33.008341, 32.4911 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 33.275, "trend_reference": 31.893811, "distance_from_trend": 0.043306, "trend_direction": "Improving", "fair_value": 25.810634, "distance_from_fair_value": 0.289197, "fair_value_direction": "Weakening", "relative_strength": -2.511719, "relative_strength_direction": "Weakening", "price_momentum": 0.06587, "excess_performance": -0.059755, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043306, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04513, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.289197, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.070438, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025117, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.067198, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.06587, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.117507, "read": "Demand-led" } ], "volume": { "latest": 3333, "relative_activity": 1.184098, "balance": 2.117507, "dry_up": 0.397364, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.034952, "annualized_volatility": 0.213397, "from_high_reference": -0.047096, "from_low_reference": 0.231162 }, "levels": { "trend_reference": 31.893811, "fair_value_reference": 25.810634, "structural_low": 28.5015, "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": 0.016466, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": 0.004645, "regime_survival": 0.333333, "best_return": 0.106429, "worst_return": -0.030586, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.033556, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.012719, "regime_survival": 0.0, "best_return": 0.200933, "worst_return": 0.024172, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.117427, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.012968, "regime_survival": 0.0, "best_return": 0.177979, "worst_return": 0.033556, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.101693, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.080739, "regime_survival": 0.0, "best_return": 0.108751, "worst_return": 0.094635, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-05-10", "tenure": "New", "return": 0.049562, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-11-08", "tenure": "Established", "return": 0.051684, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": 0.001928, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.009676, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.0057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.041157, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": 0.023476, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.01945, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-12-05", "tenure": "Extended", "return": 0.118409, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.020517, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-13", "tenure": "Developing", "return": -0.003765, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.106191, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-17", "tenure": "Developing", "return": 0.01143, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.023887, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 20.557272, "volume": 3603, "typical_volume": 15969.95, "trend": 20.724418, "fair_value": 21.828824, "relative_strength": -6.480891, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.382308, "energy": 10.519764, "activity_lines": [ 20.954598, 21.062012, 20.980858, 20.852035 ] }, { "date": "2023-08-25", "close": 20.709924, "volume": 9141, "typical_volume": 16405.0, "trend": 20.700695, "fair_value": 21.827728, "relative_strength": -6.364202, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.52301, "energy": 21.411954, "activity_lines": [ 20.822641, 20.99345, 20.964543, 20.8511 ] }, { "date": "2023-09-01", "close": 20.928819, "volume": 5481, "typical_volume": 11115.2, "trend": 20.701831, "fair_value": 21.830843, "relative_strength": -7.522355, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.123258, "energy": 23.804929, "activity_lines": [ 20.799708, 20.97457, 20.968933, 20.865817 ] }, { "date": "2023-09-08", "close": 20.703445, "volume": 5572, "typical_volume": 11304.6, "trend": 20.704339, "fair_value": 21.832678, "relative_strength": -7.215421, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.527759, "energy": 18.117102, "activity_lines": [ 20.755686, 20.91244, 20.950394, 20.865921 ] }, { "date": "2023-09-15", "close": 20.872795, "volume": 999, "typical_volume": 11096.8, "trend": 20.717615, "fair_value": 21.833155, "relative_strength": -6.157014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.141771, "energy": 12.371629, "activity_lines": [ 20.796089, 20.887014, 20.947201, 20.87679 ] }, { "date": "2023-09-22", "close": 20.728568, "volume": 16649, "typical_volume": 11792.15, "trend": 20.744163, "fair_value": 21.836494, "relative_strength": -3.841229, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.41791, "energy": 8.389016, "activity_lines": [ 20.787461, 20.833612, 20.929246, 20.877496 ] }, { "date": "2023-09-29", "close": 20.42609, "volume": 6789, "typical_volume": 12067.15, "trend": 20.750055, "fair_value": 21.835562, "relative_strength": -4.399208, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.039767, "energy": 29.702127, "activity_lines": [ 20.666588, 20.738855, 20.882835, 20.856975 ] }, { "date": "2023-10-06", "close": 20.480234, "volume": 5046, "typical_volume": 11962.05, "trend": 20.774501, "fair_value": 21.830057, "relative_strength": -4.416037, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.129557, "energy": 34.192366, "activity_lines": [ 20.582685, 20.668937, 20.841861, 20.839568 ] }, { "date": "2023-10-13", "close": 20.371019, "volume": 7410, "typical_volume": 12186.6, "trend": 20.791851, "fair_value": 21.825119, "relative_strength": -5.178294, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.165327, "energy": 55.347404, "activity_lines": [ 20.492282, 20.602055, 20.791458, 20.813536 ] }, { "date": "2023-10-20", "close": 20.013284, "volume": 770, "typical_volume": 11991.1, "trend": 20.781865, "fair_value": 21.816575, "relative_strength": -4.443138, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.28111, "energy": 78.304115, "activity_lines": [ 20.304796, 20.483805, 20.707896, 20.763306 ] }, { "date": "2023-10-27", "close": 19.850947, "volume": 1376, "typical_volume": 11910.65, "trend": 20.756989, "fair_value": 21.810946, "relative_strength": -2.796071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.207467, "energy": 85.583186, "activity_lines": [ 20.120499, 20.351405, 20.61233, 20.703247 ] }, { "date": "2023-11-03", "close": 20.621675, "volume": 1065, "typical_volume": 11947.05, "trend": 20.755043, "fair_value": 21.803618, "relative_strength": -4.468903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.056896, "energy": 67.948472, "activity_lines": [ 20.251619, 20.37198, 20.595559, 20.694517 ] }, { "date": "2023-11-10", "close": 20.584898, "volume": 292, "typical_volume": 11927.45, "trend": 20.75384, "fair_value": 21.79581, "relative_strength": -5.79067, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.671193, "energy": 43.950862, "activity_lines": [ 20.357441, 20.387473, 20.578295, 20.68354 ] }, { "date": "2023-11-17", "close": 20.973744, "volume": 862, "typical_volume": 11014.9, "trend": 20.768319, "fair_value": 21.78869, "relative_strength": -6.038995, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.197658, "energy": 13.851207, "activity_lines": [ 20.585901, 20.479918, 20.599106, 20.697727 ] }, { "date": "2023-11-24", "close": 21.021015, "volume": 76, "typical_volume": 10878.9, "trend": 20.780445, "fair_value": 21.779894, "relative_strength": -6.638777, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.869756, "energy": 27.649096, "activity_lines": [ 20.789936, 20.576043, 20.62468, 20.71403 ] }, { "date": "2023-12-01", "close": 21.110263, "volume": 2331, "typical_volume": 10890.75, "trend": 20.790712, "fair_value": 21.769939, "relative_strength": -6.856793, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.186572, "energy": 37.641152, "activity_lines": [ 20.956539, 20.685701, 20.65759, 20.735309 ] }, { "date": "2023-12-08", "close": 20.893969, "volume": 227679, "typical_volume": 22151.1, "trend": 20.804344, "fair_value": 21.758991, "relative_strength": -7.808923, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.797594, "energy": 34.630055, "activity_lines": [ 20.967089, 20.749092, 20.671655, 20.741971 ] }, { "date": "2023-12-15", "close": 21.319162, "volume": 48119, "typical_volume": 24083.55, "trend": 20.825502, "fair_value": 21.749692, "relative_strength": -7.88453, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.325949, "energy": 56.451552, "activity_lines": [ 21.101217, 20.881284, 20.727914, 20.775185 ] }, { "date": "2023-12-22", "close": 21.393457, "volume": 7042, "typical_volume": 24390.3, "trend": 20.853197, "fair_value": 21.743475, "relative_strength": -8.141639, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.119323, "energy": 59.915528, "activity_lines": [ 21.211159, 21.011731, 20.79325, 20.811827 ] }, { "date": "2023-12-29", "close": 21.747684, "volume": 12217, "typical_volume": 18125.95, "trend": 20.886827, "fair_value": 21.736408, "relative_strength": -6.67514, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.49194, "energy": 71.243945, "activity_lines": [ 21.411196, 21.187994, 20.891034, 20.869536 ] }, { "date": "2024-01-05", "close": 21.640483, "volume": 6139, "typical_volume": 18252.75, "trend": 20.908722, "fair_value": 21.722959, "relative_strength": -5.378488, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.484923, "energy": 83.226061, "activity_lines": [ 21.527054, 21.31323, 20.974374, 20.918159 ] }, { "date": "2024-01-12", "close": 21.742557, "volume": 148107, "typical_volume": 25201.05, "trend": 20.925022, "fair_value": 21.70986, "relative_strength": -6.382741, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.939416, "energy": 84.832187, "activity_lines": [ 21.64159, 21.424489, 21.062277, 20.971955 ] }, { "date": "2024-01-19", "close": 21.421329, "volume": 783, "typical_volume": 24966.15, "trend": 20.945609, "fair_value": 21.69159, "relative_strength": -8.504555, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.737714, "energy": 74.514198, "activity_lines": [ 21.592476, 21.456963, 21.114669, 21.003974 ] }, { "date": "2024-01-26", "close": 21.696414, "volume": 3658, "typical_volume": 24870.45, "trend": 20.967865, "fair_value": 21.680682, "relative_strength": -7.944532, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.875161, "energy": 60.685606, "activity_lines": [ 21.628247, 21.524244, 21.190915, 21.052414 ] }, { "date": "2024-02-02", "close": 21.700516, "volume": 1744, "typical_volume": 24907.7, "trend": 20.99867, "fair_value": 21.664875, "relative_strength": -8.946267, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.34281, "energy": 56.359139, "activity_lines": [ 21.645188, 21.579132, 21.262824, 21.099681 ] }, { "date": "2024-02-09", "close": 22.052692, "volume": 1118, "typical_volume": 24131.15, "trend": 21.017799, "fair_value": 21.648069, "relative_strength": -8.465626, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.914457, "energy": 62.626039, "activity_lines": [ 21.782665, 21.685697, 21.364331, 21.167683 ] }, { "date": "2024-02-16", "close": 22.265042, "volume": 4216, "typical_volume": 24002.5, "trend": 21.051606, "fair_value": 21.633381, "relative_strength": -7.030918, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.881547, "energy": 87.804958, "activity_lines": [ 21.963446, 21.813736, 21.479757, 21.24815 ] }, { "date": "2024-02-23", "close": 22.524001, "volume": 3695, "typical_volume": 23934.95, "trend": 21.077762, "fair_value": 21.627319, "relative_strength": -7.244727, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.719957, "energy": 93.222396, "activity_lines": [ 22.195713, 21.96393, 21.611088, 21.343143 ] }, { "date": "2024-03-01", "close": 22.451477, "volume": 4414, "typical_volume": 23785.15, "trend": 21.122041, "fair_value": 21.620481, "relative_strength": -8.183056, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.716604, "energy": 90.206596, "activity_lines": [ 22.330294, 22.079032, 21.725781, 21.43177 ] }, { "date": "2024-03-08", "close": 22.65637, "volume": 2082, "typical_volume": 23850.75, "trend": 21.181971, "fair_value": 21.614976, "relative_strength": -6.852068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.380634, "energy": 90.412015, "activity_lines": [ 22.482836, 22.21215, 21.85008, 21.530759 ] }, { "date": "2024-03-15", "close": 22.512069, "volume": 3586, "typical_volume": 23961.25, "trend": 21.247131, "fair_value": 21.60827, "relative_strength": -7.1115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.700598, "energy": 82.439436, "activity_lines": [ 22.523553, 22.30251, 21.94805, 21.616572 ] }, { "date": "2024-03-22", "close": 22.491654, "volume": 3760, "typical_volume": 24096.0, "trend": 21.306522, "fair_value": 21.602289, "relative_strength": -8.893151, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.599858, "energy": 64.962517, "activity_lines": [ 22.526841, 22.373312, 22.031403, 21.696864 ] }, { "date": "2024-03-29", "close": 22.457163, "volume": 326566, "typical_volume": 40409.7, "trend": 21.357467, "fair_value": 21.594115, "relative_strength": -9.056826, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.719262, "energy": 63.243715, "activity_lines": [ 22.503524, 22.424222, 22.102567, 21.771098 ] }, { "date": "2024-04-05", "close": 22.515797, "volume": 2405, "typical_volume": 40486.85, "trend": 21.417879, "fair_value": 21.586607, "relative_strength": -7.708388, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.670348, "energy": 57.506584, "activity_lines": [ 22.504207, 22.46696, 22.1704, 21.845829 ] }, { "date": "2024-04-12", "close": 22.196247, "volume": 1377, "typical_volume": 40551.9, "trend": 21.461994, "fair_value": 21.575225, "relative_strength": -7.392952, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.413153, "energy": 41.80076, "activity_lines": [ 22.394086, 22.4367, 22.200456, 21.896047 ] }, { "date": "2024-04-19", "close": 21.913332, "volume": 4121, "typical_volume": 40641.4, "trend": 21.501486, "fair_value": 21.561129, "relative_strength": -5.432139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.86715, "energy": 26.104257, "activity_lines": [ 22.220335, 22.345987, 22.197972, 21.925165 ] }, { "date": "2024-04-26", "close": 22.40925, "volume": 383, "typical_volume": 29276.6, "trend": 21.567591, "fair_value": 21.552965, "relative_strength": -5.540067, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.900258, "energy": 24.94247, "activity_lines": [ 22.251805, 22.347975, 22.238894, 21.983731 ] }, { "date": "2024-05-03", "close": 22.880931, "volume": 149, "typical_volume": 26878.1, "trend": 21.647615, "fair_value": 21.546353, "relative_strength": -3.870045, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.398201, "energy": 41.374388, "activity_lines": [ 22.445996, 22.433101, 22.317522, 22.068462 ] }, { "date": "2024-05-10", "close": 22.999411, "volume": 140149, "typical_volume": 33533.45, "trend": 21.735228, "fair_value": 21.544198, "relative_strength": -4.895048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.372945, "energy": 56.04347, "activity_lines": [ 22.651429, 22.53328, 22.399997, 22.155675 ] }, { "date": "2024-05-17", "close": 23.532616, "volume": 8290, "typical_volume": 33337.1, "trend": 21.852539, "fair_value": 21.546487, "relative_strength": -4.046786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.286802, "energy": 90.966956, "activity_lines": [ 23.002357, 22.720443, 22.525606, 22.271635 ] }, { "date": "2024-05-24", "close": 23.311317, "volume": 2195, "typical_volume": 33139.9, "trend": 21.967885, "fair_value": 21.543661, "relative_strength": -4.724272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.230434, "energy": 89.623745, "activity_lines": [ 23.190426, 22.851437, 22.621639, 22.36575 ] }, { "date": "2024-05-31", "close": 22.722927, "volume": 4703, "typical_volume": 25969.7, "trend": 22.037926, "fair_value": 21.534902, "relative_strength": -6.527945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.990132, "energy": 79.174291, "activity_lines": [ 23.089167, 22.86092, 22.653679, 22.414463 ] }, { "date": "2024-06-07", "close": 23.019266, "volume": 16548, "typical_volume": 26757.95, "trend": 22.119072, "fair_value": 21.528939, "relative_strength": -6.235407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.620128, "energy": 62.633247, "activity_lines": [ 23.065775, 22.920077, 22.709273, 22.477775 ] }, { "date": "2024-06-14", "close": 23.10717, "volume": 6822, "typical_volume": 26916.15, "trend": 22.190186, "fair_value": 21.525729, "relative_strength": -7.152942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.580768, "energy": 49.804543, "activity_lines": [ 23.062463, 22.984998, 22.76563, 22.541523 ] }, { "date": "2024-06-21", "close": 23.24647, "volume": 4242, "typical_volume": 27041.05, "trend": 22.264368, "fair_value": 21.520478, "relative_strength": -6.956219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.436203, "energy": 47.158644, "activity_lines": [ 23.0984, 23.064493, 22.828536, 22.60967 ] }, { "date": "2024-06-28", "close": 23.324808, "volume": 2957, "typical_volume": 27133.0, "trend": 22.338186, "fair_value": 21.516933, "relative_strength": -6.387062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.355957, "energy": 52.337514, "activity_lines": [ 23.179526, 23.139136, 22.89154, 22.678086 ] }, { "date": "2024-07-05", "close": 23.762654, "volume": 664, "typical_volume": 26955.4, "trend": 22.433809, "fair_value": 21.51863, "relative_strength": -6.216743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.873605, "energy": 67.952768, "activity_lines": [ 23.405701, 23.267725, 22.990187, 22.769987 ] }, { "date": "2024-07-12", "close": 24.197216, "volume": 4659, "typical_volume": 27003.6, "trend": 22.529744, "fair_value": 21.524179, "relative_strength": -5.203756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.830392, "energy": 93.063303, "activity_lines": [ 23.707415, 23.450717, 23.123088, 22.883755 ] }, { "date": "2024-07-19", "close": 23.550157, "volume": 15769, "typical_volume": 27571.35, "trend": 22.601634, "fair_value": 21.527135, "relative_strength": -5.70071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.292191, "energy": 78.916273, "activity_lines": [ 23.714913, 23.49213, 23.186398, 22.949588 ] }, { "date": "2024-07-26", "close": 23.602507, "volume": 6216, "typical_volume": 27778.05, "trend": 22.663461, "fair_value": 21.531924, "relative_strength": -4.503637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.67831, "energy": 75.213355, "activity_lines": [ 23.710328, 23.533048, 23.249461, 23.014161 ] }, { "date": "2024-08-02", "close": 23.437952, "volume": 812, "typical_volume": 27639.35, "trend": 22.723377, "fair_value": 21.534937, "relative_strength": -2.953137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.087114, "energy": 52.804606, "activity_lines": [ 23.627156, 23.542776, 23.292347, 23.064128 ] }, { "date": "2024-08-09", "close": 23.671557, "volume": 4126, "typical_volume": 27657.65, "trend": 22.787677, "fair_value": 21.539004, "relative_strength": -1.875427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.221985, "energy": 40.421074, "activity_lines": [ 23.61431, 23.592675, 23.353073, 23.125301 ] }, { "date": "2024-08-16", "close": 24.161191, "volume": 5057, "typical_volume": 11582.2, "trend": 22.879006, "fair_value": 21.549928, "relative_strength": -3.526992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.055148, "energy": 52.899499, "activity_lines": [ 23.770747, 23.71435, 23.454811, 23.213915 ] }, { "date": "2024-08-23", "close": 24.533271, "volume": 799, "typical_volume": 11501.9, "trend": 22.973568, "fair_value": 21.558575, "relative_strength": -3.235612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.781447, "energy": 63.512961, "activity_lines": [ 24.053613, 23.882914, 23.583871, 23.320641 ] }, { "date": "2024-08-30", "close": 24.411308, "volume": 2344, "typical_volume": 11550.25, "trend": 23.063927, "fair_value": 21.562222, "relative_strength": -3.828421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.234582, "energy": 84.575383, "activity_lines": [ 24.230284, 24.003374, 23.691709, 23.413399 ] }, { "date": "2024-09-06", "close": 24.02037, "volume": 13143, "typical_volume": 12001.35, "trend": 23.129517, "fair_value": 21.565084, "relative_strength": -1.171876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.151243, "energy": 80.714781, "activity_lines": [ 24.222722, 24.031576, 23.751767, 23.475105 ] }, { "date": "2024-09-13", "close": 24.571548, "volume": 2787, "typical_volume": 12121.55, "trend": 23.2064, "fair_value": 21.573466, "relative_strength": -2.638379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.91635, "energy": 82.449867, "activity_lines": [ 24.360058, 24.147345, 23.854284, 23.568139 ] }, { "date": "2024-09-20", "close": 24.925401, "volume": 1767, "typical_volume": 12202.45, "trend": 23.286447, "fair_value": 21.585739, "relative_strength": -2.413771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.287887, "energy": 80.500797, "activity_lines": [ 24.555346, 24.312744, 23.980205, 23.679042 ] }, { "date": "2024-09-27", "close": 25.823821, "volume": 7011, "typical_volume": 5545.55, "trend": 23.398858, "fair_value": 21.604836, "relative_strength": 0.673628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.005813, "energy": 83.039359, "activity_lines": [ 24.99916, 24.628252, 24.181954, 23.842744 ] }, { "date": "2024-10-04", "close": 25.558239, "volume": 11701, "typical_volume": 5716.1, "trend": 23.495587, "fair_value": 21.621172, "relative_strength": -0.465676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.178648, "energy": 90.143664, "activity_lines": [ 25.26841, 24.854133, 24.34496, 23.982059 ] }, { "date": "2024-10-11", "close": 25.435946, "volume": 4729, "typical_volume": 5842.8, "trend": 23.59305, "fair_value": 21.634423, "relative_strength": -1.903138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.774732, "energy": 86.83825, "activity_lines": [ 25.420433, 25.02222, 24.486673, 24.107243 ] }, { "date": "2024-10-18", "close": 25.394899, "volume": 2389, "typical_volume": 5727.1, "trend": 23.689825, "fair_value": 21.647089, "relative_strength": -2.703387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.960528, "energy": 85.044139, "activity_lines": [ 25.464403, 25.146517, 24.614359, 24.223492 ] }, { "date": "2024-10-25", "close": 24.95402, "volume": 557, "typical_volume": 4927.55, "trend": 23.773053, "fair_value": 21.658818, "relative_strength": -3.230385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.70426, "energy": 61.900188, "activity_lines": [ 25.306522, 25.159321, 24.687334, 24.305053 ] }, { "date": "2024-11-01", "close": 24.736641, "volume": 4607, "typical_volume": 4816.8, "trend": 23.847081, "fair_value": 21.668483, "relative_strength": -2.528931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.556287, "energy": 43.612703, "activity_lines": [ 25.074274, 25.118186, 24.730393, 24.36722 ] }, { "date": "2024-11-08", "close": 24.74888, "volume": 2647, "typical_volume": 4737.05, "trend": 23.932169, "fair_value": 21.675577, "relative_strength": -6.665305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.437937, "energy": 30.356473, "activity_lines": [ 24.918585, 25.075579, 24.766858, 24.4254 ] }, { "date": "2024-11-15", "close": 24.006551, "volume": 14089, "typical_volume": 5293.65, "trend": 24.001943, "fair_value": 21.679945, "relative_strength": -7.293783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.773883, "energy": 23.980036, "activity_lines": [ 24.569409, 24.891865, 24.72547, 24.430199 ] }, { "date": "2024-11-22", "close": 24.225531, "volume": 17189, "typical_volume": 6119.9, "trend": 24.062486, "fair_value": 21.69081, "relative_strength": -7.73596, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.712581, "energy": 26.198359, "activity_lines": [ 24.38852, 24.748217, 24.701691, 24.444624 ] }, { "date": "2024-11-29", "close": 24.24596, "volume": 5520, "typical_volume": 6162.95, "trend": 24.107987, "fair_value": 21.701565, "relative_strength": -8.482925, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.115241, "energy": 25.049842, "activity_lines": [ 24.292399, 24.614575, 24.677654, 24.456461 ] }, { "date": "2024-12-06", "close": 24.401769, "volume": 9817, "typical_volume": 5865.35, "trend": 24.154732, "fair_value": 21.711472, "relative_strength": -8.456852, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.26037, "energy": 24.342051, "activity_lines": [ 24.295417, 24.521615, 24.668224, 24.475415 ] }, { "date": "2024-12-13", "close": 24.387742, "volume": 15782, "typical_volume": 6343.65, "trend": 24.183236, "fair_value": 21.722685, "relative_strength": -7.742202, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.568091, "energy": 18.564581, "activity_lines": [ 24.316085, 24.45196, 24.653402, 24.490448 ] }, { "date": "2024-12-20", "close": 23.988444, "volume": 12038, "typical_volume": 6904.95, "trend": 24.205807, "fair_value": 21.7294, "relative_strength": -7.345535, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -13.167249, "energy": 22.895607, "activity_lines": [ 24.22773, 24.330988, 24.596813, 24.47788 ] }, { "date": "2024-12-27", "close": 24.052846, "volume": 3876, "typical_volume": 6892.45, "trend": 24.250138, "fair_value": 21.735779, "relative_strength": -7.459046, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.53807, "energy": 36.794812, "activity_lines": [ 24.162049, 24.248042, 24.543736, 24.468012 ] }, { "date": "2025-01-03", "close": 24.090333, "volume": 10426, "typical_volume": 7160.9, "trend": 24.28584, "fair_value": 21.740987, "relative_strength": -6.583001, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.81171, "energy": 38.154828, "activity_lines": [ 24.120376, 24.196314, 24.492414, 24.457702 ] }, { "date": "2025-01-10", "close": 23.641829, "volume": 4399, "typical_volume": 7340.9, "trend": 24.303662, "fair_value": 21.739843, "relative_strength": -6.286029, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.741698, "energy": 62.206576, "activity_lines": [ 23.939576, 24.078743, 24.398714, 24.416153 ] }, { "date": "2025-01-17", "close": 23.975275, "volume": 8231, "typical_volume": 7635.25, "trend": 24.327956, "fair_value": 21.743643, "relative_strength": -7.483564, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.835533, "energy": 52.257019, "activity_lines": [ 23.920588, 24.041704, 24.341016, 24.394966 ] }, { "date": "2025-01-24", "close": 24.323428, "volume": 7527, "typical_volume": 7354.45, "trend": 24.361243, "fair_value": 21.75205, "relative_strength": -7.535978, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.037852, "energy": 29.219114, "activity_lines": [ 24.045149, 24.082032, 24.318552, 24.394674 ] }, { "date": "2025-01-31", "close": 24.214426, "volume": 8687, "typical_volume": 7649.45, "trend": 24.376302, "fair_value": 21.757145, "relative_strength": -6.834766, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.399696, "energy": 19.403128, "activity_lines": [ 24.111044, 24.096779, 24.284263, 24.385202 ] }, { "date": "2025-02-07", "close": 24.352457, "volume": 3797, "typical_volume": 7750.95, "trend": 24.381477, "fair_value": 21.76254, "relative_strength": -5.971266, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.562646, "energy": 11.37757, "activity_lines": [ 24.212177, 24.136825, 24.264821, 24.383664 ] }, { "date": "2025-02-14", "close": 24.765877, "volume": 5187, "typical_volume": 7659.75, "trend": 24.422001, "fair_value": 21.770099, "relative_strength": -5.584968, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.299961, "energy": 22.317275, "activity_lines": [ 24.433641, 24.250101, 24.287481, 24.408464 ] }, { "date": "2025-02-21", "close": 24.886029, "volume": 4102, "typical_volume": 7279.8, "trend": 24.464785, "fair_value": 21.781678, "relative_strength": -3.435037, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.634963, "energy": 34.190179, "activity_lines": [ 24.62022, 24.378604, 24.326621, 24.438401 ] }, { "date": "2025-02-28", "close": 24.133684, "volume": 7476, "typical_volume": 7417.15, "trend": 24.487976, "fair_value": 21.793825, "relative_strength": -5.288728, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.745965, "energy": 16.112819, "activity_lines": [ 24.4953, 24.361257, 24.297311, 24.41704 ] }, { "date": "2025-03-07", "close": 24.540856, "volume": 4038, "typical_volume": 7499.6, "trend": 24.516952, "fair_value": 21.812806, "relative_strength": -0.537746, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.24442, "energy": 19.787419, "activity_lines": [ 24.518754, 24.4153, 24.31298, 24.420452 ] }, { "date": "2025-03-14", "close": 24.473667, "volume": 1992, "typical_volume": 7571.35, "trend": 24.527368, "fair_value": 21.824144, "relative_strength": 1.550493, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.667786, "energy": 11.869986, "activity_lines": [ 24.49805, 24.448254, 24.326317, 24.417659 ] }, { "date": "2025-03-21", "close": 24.713491, "volume": 2724, "typical_volume": 7477.2, "trend": 24.533376, "fair_value": 21.838092, "relative_strength": 2.020702, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.749597, "energy": 12.61003, "activity_lines": [ 24.549206, 24.517843, 24.364782, 24.429667 ] }, { "date": "2025-03-28", "close": 24.418768, "volume": 3097, "typical_volume": 7499.7, "trend": 24.533624, "fair_value": 21.848996, "relative_strength": 2.292007, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.839965, "energy": 13.299537, "activity_lines": [ 24.505613, 24.514361, 24.375288, 24.422273 ] }, { "date": "2025-04-04", "close": 23.35281, "volume": 6393, "typical_volume": 7114.9, "trend": 24.511372, "fair_value": 21.854157, "relative_strength": 7.473091, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.3697, "energy": 32.598224, "activity_lines": [ 24.137852, 24.309005, 24.285846, 24.346091 ] }, { "date": "2025-04-11", "close": 23.746577, "volume": 7471, "typical_volume": 6629.0, "trend": 24.483873, "fair_value": 21.863258, "relative_strength": 3.397347, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.010397, "energy": 45.08469, "activity_lines": [ 23.953405, 24.19289, 24.237019, 24.29675 ] }, { "date": "2025-04-18", "close": 23.9871, "volume": 17, "typical_volume": 6353.85, "trend": 24.452597, "fair_value": 21.876971, "relative_strength": 5.903118, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.523534, "energy": 47.783189, "activity_lines": [ 23.902084, 24.129013, 24.213379, 24.2647 ] }, { "date": "2025-04-25", "close": 24.550217, "volume": 1461, "typical_volume": 5936.05, "trend": 24.410143, "fair_value": 21.894011, "relative_strength": 3.622797, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.019761, "energy": 28.713404, "activity_lines": [ 24.070907, 24.174165, 24.244603, 24.270998 ] }, { "date": "2025-05-02", "close": 25.337654, "volume": 898, "typical_volume": 5191.85, "trend": 24.40279, "fair_value": 21.919016, "relative_strength": 3.933129, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.825262, "energy": 22.175469, "activity_lines": [ 24.513093, 24.366407, 24.350114, 24.330837 ] }, { "date": "2025-05-09", "close": 25.272557, "volume": 70156, "typical_volume": 8097.75, "trend": 24.397344, "fair_value": 21.945247, "relative_strength": 4.107683, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.95157, "energy": 44.587899, "activity_lines": [ 24.872322, 24.538603, 24.444901, 24.386951 ] }, { "date": "2025-05-16", "close": 25.830466, "volume": 45431, "typical_volume": 10175.5, "trend": 24.411863, "fair_value": 21.974511, "relative_strength": 1.12842, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.003671, "energy": 77.679843, "activity_lines": [ 25.289537, 24.791529, 24.586708, 24.479411 ] }, { "date": "2025-05-23", "close": 25.795265, "volume": 1672, "typical_volume": 9737.8, "trend": 24.439904, "fair_value": 22.001964, "relative_strength": 3.624277, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.411068, "energy": 82.03419, "activity_lines": [ 25.556092, 25.014608, 24.716697, 24.568663 ] }, { "date": "2025-05-30", "close": 25.489066, "volume": 26958, "typical_volume": 10865.75, "trend": 24.464985, "fair_value": 22.027911, "relative_strength": 0.625736, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.34449, "energy": 78.067058, "activity_lines": [ 25.600037, 25.157985, 24.809406, 24.63635 ] }, { "date": "2025-06-06", "close": 25.993836, "volume": 30902, "typical_volume": 11999.3, "trend": 24.506484, "fair_value": 22.059687, "relative_strength": 0.960647, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.989144, "energy": 81.255661, "activity_lines": [ 25.749649, 25.379038, 24.941392, 24.734986 ] }, { "date": "2025-06-13", "close": 26.096353, "volume": 5369, "typical_volume": 11891.4, "trend": 24.576144, "fair_value": 22.095979, "relative_strength": 1.69484, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.308806, "energy": 75.666997, "activity_lines": [ 25.889687, 25.590092, 25.07353, 24.837558 ] }, { "date": "2025-06-20", "close": 25.929511, "volume": 1263, "typical_volume": 11520.2, "trend": 24.632943, "fair_value": 22.128752, "relative_strength": 1.18877, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.737473, "energy": 57.50286, "activity_lines": [ 25.919191, 25.720929, 25.181335, 24.924872 ] }, { "date": "2025-06-27", "close": 26.799009, "volume": 3167, "typical_volume": 11488.7, "trend": 24.718045, "fair_value": 22.168694, "relative_strength": 1.064682, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.729243, "energy": 74.140882, "activity_lines": [ 26.231926, 25.970166, 25.363782, 25.064618 ] }, { "date": "2025-07-04", "close": 27.028285, "volume": 3099, "typical_volume": 11384.3, "trend": 24.805595, "fair_value": 22.209669, "relative_strength": 0.236139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.436395, "energy": 89.65305, "activity_lines": [ 26.554169, 26.209965, 25.556415, 25.213666 ] }, { "date": "2025-07-11", "close": 26.755291, "volume": 2169, "typical_volume": 11287.65, "trend": 24.884514, "fair_value": 22.252414, "relative_strength": -0.465155, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.455808, "energy": 87.924423, "activity_lines": [ 26.6828, 26.355072, 25.712275, 25.339453 ] }, { "date": "2025-07-18", "close": 27.090461, "volume": 1983, "typical_volume": 11013.0, "trend": 24.987914, "fair_value": 22.295471, "relative_strength": 0.157595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.057967, "energy": 90.942169, "activity_lines": [ 26.87239, 26.535344, 25.891155, 25.481772 ] }, { "date": "2025-07-25", "close": 27.202184, "volume": 4948, "typical_volume": 11058.5, "trend": 25.092892, "fair_value": 22.337826, "relative_strength": -0.879355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.591047, "energy": 90.500005, "activity_lines": [ 27.032948, 26.702877, 26.066595, 25.624628 ] }, { "date": "2025-08-01", "close": 26.677571, "volume": 4095, "typical_volume": 11163.65, "trend": 25.179133, "fair_value": 22.376338, "relative_strength": -0.314172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.00429, "energy": 77.348857, "activity_lines": [ 26.933789, 26.750085, 26.179399, 25.726866 ] }, { "date": "2025-08-08", "close": 27.228318, "volume": 3196, "typical_volume": 11187.25, "trend": 25.298683, "fair_value": 22.415671, "relative_strength": -0.625733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.133567, "energy": 68.727997, "activity_lines": [ 27.026309, 26.881387, 26.33416, 25.859071 ] }, { "date": "2025-08-15", "close": 27.304192, "volume": 1929, "typical_volume": 11128.85, "trend": 25.409647, "fair_value": 22.457883, "relative_strength": -1.243474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.844992, "energy": 67.743429, "activity_lines": [ 27.130785, 26.994862, 26.484173, 25.988459 ] }, { "date": "2025-08-22", "close": 27.510249, "volume": 3074, "typical_volume": 10962.9, "trend": 25.515874, "fair_value": 22.5021, "relative_strength": -0.717451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.807981, "energy": 68.256247, "activity_lines": [ 27.267353, 27.121977, 26.640069, 26.123981 ] }, { "date": "2025-08-29", "close": 27.119995, "volume": 21364, "typical_volume": 11657.55, "trend": 25.612727, "fair_value": 22.546854, "relative_strength": -2.007322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.030193, "energy": 63.803873, "activity_lines": [ 27.24585, 27.152429, 26.739001, 26.227473 ] }, { "date": "2025-09-05", "close": 27.311867, "volume": 113, "typical_volume": 11662.35, "trend": 25.711374, "fair_value": 22.592788, "relative_strength": -1.52403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.795169, "energy": 63.520729, "activity_lines": [ 27.293784, 27.196122, 26.840143, 26.337095 ] }, { "date": "2025-09-12", "close": 28.044772, "volume": 3832, "typical_volume": 11780.9, "trend": 25.82067, "fair_value": 22.645814, "relative_strength": -0.374002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.206009, "energy": 71.992098, "activity_lines": [ 27.543734, 27.363746, 26.995253, 26.487637 ] }, { "date": "2025-09-19", "close": 28.353128, "volume": 78, "typical_volume": 11739.9, "trend": 25.93624, "fair_value": 22.705657, "relative_strength": -0.432966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.882107, "energy": 77.190012, "activity_lines": [ 27.842038, 27.568953, 27.163089, 26.651021 ] }, { "date": "2025-09-26", "close": 28.068027, "volume": 1779, "typical_volume": 8321.05, "trend": 26.067385, "fair_value": 22.766008, "relative_strength": -1.006619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.192881, "energy": 85.947614, "activity_lines": [ 27.975379, 27.693271, 27.289414, 26.788556 ] }, { "date": "2025-10-03", "close": 28.577765, "volume": 1069, "typical_volume": 6102.95, "trend": 26.201948, "fair_value": 22.828259, "relative_strength": -0.212451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.856336, "energy": 91.693076, "activity_lines": [ 28.241449, 27.892496, 27.450973, 26.950516 ] }, { "date": "2025-10-10", "close": 27.754945, "volume": 1301, "typical_volume": 6084.4, "trend": 26.311324, "fair_value": 22.888572, "relative_strength": -0.597237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.803652, "energy": 65.474445, "activity_lines": [ 28.13606, 27.917106, 27.521086, 27.050709 ] }, { "date": "2025-10-17", "close": 28.913937, "volume": 3048, "typical_volume": 4888.9, "trend": 26.451339, "fair_value": 22.954018, "relative_strength": 1.801934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.154197, "energy": 70.660708, "activity_lines": [ 28.387463, 28.132854, 27.692248, 27.21862 ] }, { "date": "2025-10-24", "close": 29.224084, "volume": 858, "typical_volume": 3386.7, "trend": 26.611516, "fair_value": 23.022926, "relative_strength": 0.961285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.185167, "energy": 72.952779, "activity_lines": [ 28.684304, 28.374344, 27.876638, 27.397507 ] }, { "date": "2025-10-31", "close": 29.153445, "volume": 12108, "typical_volume": 3723.65, "trend": 26.804871, "fair_value": 23.088752, "relative_strength": 0.056488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.942503, "energy": 69.543118, "activity_lines": [ 28.899535, 28.568084, 28.038919, 27.561502 ] }, { "date": "2025-11-07", "close": 28.959432, "volume": 652, "typical_volume": 3693.1, "trend": 26.978633, "fair_value": 23.14796, "relative_strength": 0.974896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.225721, "energy": 74.061652, "activity_lines": [ 28.977734, 28.696672, 28.168165, 27.700506 ] }, { "date": "2025-11-14", "close": 29.115973, "volume": 3426, "typical_volume": 3706.05, "trend": 27.149595, "fair_value": 23.208751, "relative_strength": 1.291306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.430865, "energy": 74.375837, "activity_lines": [ 29.082669, 28.820278, 28.297891, 27.838399 ] }, { "date": "2025-11-21", "close": 28.467501, "volume": 859, "typical_volume": 3594.05, "trend": 27.280171, "fair_value": 23.265534, "relative_strength": 0.882132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.917001, "energy": 55.327472, "activity_lines": [ 28.880711, 28.793178, 28.354825, 27.923425 ] }, { "date": "2025-11-28", "close": 28.782442, "volume": 224, "typical_volume": 3496.8, "trend": 27.394998, "fair_value": 23.320517, "relative_strength": -1.699014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.611322, "energy": 43.270454, "activity_lines": [ 28.813496, 28.815654, 28.434899, 28.020346 ] }, { "date": "2025-12-05", "close": 28.849657, "volume": 667, "typical_volume": 3431.0, "trend": 27.514234, "fair_value": 23.377404, "relative_strength": -1.863417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.7636, "energy": 38.428756, "activity_lines": [ 28.798129, 28.842545, 28.511723, 28.114195 ] }, { "date": "2025-12-12", "close": 28.653785, "volume": 13626, "typical_volume": 3864.9, "trend": 27.608345, "fair_value": 23.434189, "relative_strength": -2.019584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.51114, "energy": 30.035333, "activity_lines": [ 28.737724, 28.819612, 28.561514, 28.187714 ] }, { "date": "2025-12-19", "close": 28.821043, "volume": 1718, "typical_volume": 3746.05, "trend": 27.709204, "fair_value": 23.491864, "relative_strength": -1.62338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.171423, "energy": 32.316406, "activity_lines": [ 28.753447, 28.825707, 28.620322, 28.265953 ] }, { "date": "2025-12-26", "close": 29.241684, "volume": 2515, "typical_volume": 3712.0, "trend": 27.834291, "fair_value": 23.550865, "relative_strength": -1.657262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.39717, "energy": 45.111434, "activity_lines": [ 28.929047, 28.888899, 28.708985, 28.364822 ] }, { "date": "2026-01-02", "close": 29.727228, "volume": 2077, "typical_volume": 3719.4, "trend": 27.958738, "fair_value": 23.608961, "relative_strength": 0.915091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.586167, "energy": 59.860507, "activity_lines": [ 29.214882, 29.034412, 28.834302, 28.486947 ] }, { "date": "2026-01-09", "close": 30.090815, "volume": 26544, "typical_volume": 4892.9, "trend": 28.091887, "fair_value": 23.666838, "relative_strength": 0.448844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.111204, "energy": 81.97462, "activity_lines": [ 29.558927, 29.236884, 28.982709, 28.624501 ] }, { "date": "2026-01-16", "close": 30.313972, "volume": 1140, "typical_volume": 3881.7, "trend": 28.238035, "fair_value": 23.725217, "relative_strength": 1.400111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.760793, "energy": 93.212328, "activity_lines": [ 29.894614, 29.462887, 29.14008, 28.767861 ] }, { "date": "2026-01-23", "close": 30.707353, "volume": 54279, "typical_volume": 6590.0, "trend": 28.368313, "fair_value": 23.784741, "relative_strength": 2.891468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.291709, "energy": 94.758731, "activity_lines": [ 30.250749, 29.735786, 29.319706, 28.927172 ] }, { "date": "2026-01-30", "close": 30.766246, "volume": 11465, "typical_volume": 6971.65, "trend": 28.492912, "fair_value": 23.84802, "relative_strength": 2.509631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.076358, "energy": 84.838663, "activity_lines": [ 30.500761, 29.990458, 29.488772, 29.081877 ] }, { "date": "2026-02-06", "close": 31.218619, "volume": 3063, "typical_volume": 7120.9, "trend": 28.64169, "fair_value": 23.915907, "relative_strength": 4.026786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.556799, "energy": 83.747488, "activity_lines": [ 30.799926, 30.285585, 29.687963, 29.257729 ] }, { "date": "2026-02-13", "close": 31.596905, "volume": 2688, "typical_volume": 7166.35, "trend": 28.791904, "fair_value": 23.987205, "relative_strength": 6.409868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.943096, "energy": 72.005406, "activity_lines": [ 31.125761, 30.605196, 29.909535, 29.448388 ] }, { "date": "2026-02-20", "close": 31.927817, "volume": 5206, "typical_volume": 7373.2, "trend": 28.949426, "fair_value": 24.0641, "relative_strength": 6.122969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.225779, "energy": 72.372697, "activity_lines": [ 31.461494, 30.935024, 30.145818, 29.650705 ] }, { "date": "2026-02-27", "close": 31.882034, "volume": 3500, "typical_volume": 7483.15, "trend": 29.122908, "fair_value": 24.138668, "relative_strength": 6.250126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.602542, "energy": 84.721896, "activity_lines": [ 31.674376, 31.197, 30.361789, 29.839906 ] }, { "date": "2026-03-06", "close": 29.70816, "volume": 2276, "typical_volume": 7444.55, "trend": 29.205569, "fair_value": 24.202523, "relative_strength": 0.96186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.836256, "energy": 48.178091, "activity_lines": [ 31.084321, 31.008071, 30.351071, 29.877664 ] }, { "date": "2026-03-13", "close": 29.615301, "volume": 3053, "typical_volume": 7554.3, "trend": 29.282606, "fair_value": 24.265118, "relative_strength": 2.147196, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.105775, "energy": 23.801225, "activity_lines": [ 30.533852, 30.793778, 30.327727, 29.904098 ] }, { "date": "2026-03-20", "close": 29.003033, "volume": 1511, "typical_volume": 7024.45, "trend": 29.332365, "fair_value": 24.320824, "relative_strength": 1.851654, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.752808, "energy": 18.874676, "activity_lines": [ 29.886182, 30.470198, 30.244209, 29.886061 ] }, { "date": "2026-03-27", "close": 28.736079, "volume": 61, "typical_volume": 6994.9, "trend": 29.386235, "fair_value": 24.372996, "relative_strength": 3.179368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.436408, "energy": 36.851187, "activity_lines": [ 29.322452, 30.117859, 30.135983, 29.847591 ] }, { "date": "2026-04-03", "close": 29.260355, "volume": 509, "typical_volume": 6849.05, "trend": 29.451185, "fair_value": 24.427998, "relative_strength": 1.674056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.660328, "energy": 32.987667, "activity_lines": [ 29.146263, 29.889531, 30.078752, 29.83947 ] }, { "date": "2026-04-10", "close": 30.829012, "volume": 3148, "typical_volume": 6963.5, "trend": 29.543993, "fair_value": 24.493434, "relative_strength": 3.381691, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.22838, "energy": 21.933295, "activity_lines": [ 29.667739, 29.972724, 30.170229, 29.928362 ] }, { "date": "2026-04-17", "close": 32.089798, "volume": 7517, "typical_volume": 7328.15, "trend": 29.668548, "fair_value": 24.567475, "relative_strength": 3.001279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.084996, "energy": 27.117631, "activity_lines": [ 30.534753, 30.284008, 30.370536, 30.092607 ] }, { "date": "2026-04-24", "close": 32.082889, "volume": 997, "typical_volume": 7344.65, "trend": 29.802377, "fair_value": 24.640717, "relative_strength": 2.438106, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.630021, "energy": 49.008493, "activity_lines": [ 31.234497, 30.578197, 30.554435, 30.248371 ] }, { "date": "2026-05-01", "close": 32.125395, "volume": 2059, "typical_volume": 6766.3, "trend": 29.920631, "fair_value": 24.713301, "relative_strength": 1.647301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.289679, "energy": 74.621382, "activity_lines": [ 31.743087, 30.871279, 30.726987, 30.398244 ] }, { "date": "2026-05-08", "close": 33.7164, "volume": 4093, "typical_volume": 6885.05, "trend": 30.119346, "fair_value": 24.798118, "relative_strength": 4.208115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.461286, "energy": 89.623912, "activity_lines": [ 32.556057, 31.450041, 31.034531, 30.643132 ] }, { "date": "2026-05-15", "close": 32.61819, "volume": 7231, "typical_volume": 7120.85, "trend": 30.242822, "fair_value": 24.874616, "relative_strength": 0.595459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.941318, "energy": 80.493074, "activity_lines": [ 32.705887, 31.795777, 31.214172, 30.804348 ] }, { "date": "2026-05-22", "close": 32.737962, "volume": 7906, "typical_volume": 7412.3, "trend": 30.359951, "fair_value": 24.952663, "relative_strength": 0.139155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.093879, "energy": 76.690183, "activity_lines": [ 32.776363, 32.11038, 31.389142, 30.965324 ] }, { "date": "2026-05-29", "close": 33.85246, "volume": 2434, "typical_volume": 6206.8, "trend": 30.516585, "fair_value": 25.036725, "relative_strength": 2.019318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.675786, "energy": 76.442982, "activity_lines": [ 33.175128, 32.570844, 31.655918, 31.190648 ] }, { "date": "2026-06-05", "close": 32.456507, "volume": 2699, "typical_volume": 6284.75, "trend": 30.633154, "fair_value": 25.110269, "relative_strength": 0.317463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.345087, "energy": 50.060857, "activity_lines": [ 32.990603, 32.689326, 31.771833, 31.315804 ] }, { "date": "2026-06-12", "close": 33.753544, "volume": 7101, "typical_volume": 3925.85, "trend": 30.78774, "fair_value": 25.190397, "relative_strength": 3.676961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.5753, "energy": 53.432848, "activity_lines": [ 33.216349, 32.975989, 32.001072, 31.517119 ] }, { "date": "2026-06-19", "close": 34.8307, "volume": 600, "typical_volume": 3382.6, "trend": 30.999846, "fair_value": 25.280314, "relative_strength": 5.88336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.190983, "energy": 64.548726, "activity_lines": [ 33.798672, 33.376805, 32.318393, 31.777955 ] }, { "date": "2026-06-26", "close": 33.4829, "volume": 1212, "typical_volume": 3290.05, "trend": 31.156528, "fair_value": 25.360148, "relative_strength": 4.179588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.301329, "energy": 50.331039, "activity_lines": [ 33.784227, 33.459807, 32.487997, 31.938152 ] }, { "date": "2026-07-03", "close": 32.79, "volume": 719, "typical_volume": 3191.6, "trend": 31.287873, "fair_value": 25.437159, "relative_strength": -0.153551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.727228, "energy": 45.740422, "activity_lines": [ 33.489153, 33.391499, 32.580828, 32.043538 ] }, { "date": "2026-07-10", "close": 33.4837, "volume": 3536, "typical_volume": 3108.1, "trend": 31.44887, "fair_value": 25.514113, "relative_strength": 0.542544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.891995, "energy": 41.862836, "activity_lines": [ 33.496143, 33.436462, 32.734045, 32.185204 ] }, { "date": "2026-07-17", "close": 32.4926, "volume": 300, "typical_volume": 2948.1, "trend": 31.571255, "fair_value": 25.586176, "relative_strength": -0.905998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.194626, "energy": 22.708433, "activity_lines": [ 33.104287, 33.276528, 32.785462, 32.252541 ] }, { "date": "2026-07-24", "close": 32.4987, "volume": 547, "typical_volume": 2861.65, "trend": 31.679822, "fair_value": 25.655146, "relative_strength": -0.337864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.377257, "energy": 21.589025, "activity_lines": [ 32.798527, 33.139954, 32.834552, 32.312377 ] }, { "date": "2026-07-31", "close": 32.9627, "volume": 294, "typical_volume": 2723.7, "trend": 31.787672, "fair_value": 25.731041, "relative_strength": -0.043292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.38861, "energy": 17.74791, "activity_lines": [ 32.8029, 33.089916, 32.914545, 32.395143 ] }, { "date": "2026-08-07", "close": 33.275, "volume": 3333, "typical_volume": 2814.8, "trend": 31.893811, "fair_value": 25.810634, "relative_strength": -2.511719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.417394, "energy": 19.200372, "activity_lines": [ 32.946053, 33.092574, 33.008341, 32.4911 ] } ], "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." } } }