{ "ticker": { "uuid": "4107d522-74c6-457b-a9da-05502ff6f027", "symbol": "IMEU", "name": "iShares Core MSCI Europe UCITS ETF EUR (Dist)", "exchange": "AMS", "country": "NL", "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": "^AEX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.008, "architecture_energy": 71.793, "architecture_maturity": 40.699, "architecture_confidence": 85.452, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 5.24, "rotation_up": 66.13, "upward_expansion": 89.18, "deceleration": 50.17, "rotation_down": 22.7, "downward_expansion": 13.51 }, "activity_lines": [ 40.706333, 40.448091, 39.702578, 39.075776 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 41.294998, "trend_reference": 38.424039, "distance_from_trend": 0.074718, "trend_direction": "Improving", "fair_value": 32.351433, "distance_from_fair_value": 0.27645, "fair_value_direction": "Improving", "relative_strength": -0.140678, "relative_strength_direction": "Weakening", "price_momentum": 0.095563, "excess_performance": -0.021099, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.074718, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040562, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.27645, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.064135, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.001407, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007988, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.095563, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.08717, "read": "Demand-led" } ], "volume": { "latest": 1436335, "relative_activity": 2.017297, "balance": 3.08717, "dry_up": 1.210186, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.019392, "annualized_volatility": 0.149879, "from_high_reference": -0.00494, "from_low_reference": 0.244622 }, "levels": { "trend_reference": 38.424039, "fair_value_reference": 32.351433, "structural_low": 34.369355, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 39, "median_return": 0.011366, "positive_rate": 0.589744, "directional_follow_through": 0.589744, "median_excess_return": -0.000129, "regime_survival": 0.769231, "best_return": 0.073524, "worst_return": -0.05493, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.024722, "positive_rate": 0.785714, "directional_follow_through": 0.785714, "median_excess_return": 0.002739, "regime_survival": 0.571429, "best_return": 0.085911, "worst_return": -0.03159, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.07379, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": 0.019918, "regime_survival": 0.666667, "best_return": 0.152067, "worst_return": -0.114099, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.12234, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.026678, "regime_survival": 0.25, "best_return": 0.157483, "worst_return": -0.048728, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-11", "end": "2023-10-13", "tenure": "Developing", "return": -0.016319, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-20", "end": "2023-12-01", "tenure": "Developing", "return": 0.07501, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-08", "end": "2023-12-22", "tenure": "New", "return": 0.010539, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-06-28", "tenure": "Extended", "return": 0.09562, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-10-11", "tenure": "Established", "return": 0.013081, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": -0.035927, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-24", "tenure": "Developing", "return": 0.058512, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-28", "tenure": "Developing", "return": 0.009099, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.018217, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.095422, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.006167, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2026-03-20", "tenure": "Extended", "return": 0.043572, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.066396, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.093566, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.95472, "volume": 402809, "typical_volume": 403290.85, "trend": 26.293611, "fair_value": 24.021226, "relative_strength": 2.248974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.67703, "energy": 3.273112, "activity_lines": [ 26.436349, 26.488133, 26.544216, 26.450154 ] }, { "date": "2023-08-25", "close": 26.149904, "volume": 538001, "typical_volume": 420236.6, "trend": 26.308712, "fair_value": 24.064639, "relative_strength": 3.137477, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.809068, "energy": 14.917507, "activity_lines": [ 26.288039, 26.422656, 26.504161, 26.440883 ] }, { "date": "2023-09-01", "close": 26.521683, "volume": 363359, "typical_volume": 421582.55, "trend": 26.326994, "fair_value": 24.112576, "relative_strength": 2.761633, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.464789, "energy": 11.735642, "activity_lines": [ 26.30935, 26.438742, 26.499567, 26.454623 ] }, { "date": "2023-09-08", "close": 26.331146, "volume": 818453, "typical_volume": 409299.65, "trend": 26.343002, "fair_value": 24.15726, "relative_strength": 2.914796, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.627891, "energy": 12.294464, "activity_lines": [ 26.309206, 26.41293, 26.477252, 26.454891 ] }, { "date": "2023-09-15", "close": 26.754044, "volume": 267402, "typical_volume": 410030.1, "trend": 26.360496, "fair_value": 24.204573, "relative_strength": 4.134489, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.75442, "energy": 9.554331, "activity_lines": [ 26.460959, 26.469916, 26.497001, 26.48141 ] }, { "date": "2023-09-22", "close": 26.280025, "volume": 500890, "typical_volume": 426158.5, "trend": 26.376733, "fair_value": 24.25324, "relative_strength": 3.796867, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.435786, "energy": 6.355224, "activity_lines": [ 26.440201, 26.424223, 26.471378, 26.476218 ] }, { "date": "2023-09-29", "close": 26.103432, "volume": 654100, "typical_volume": 453064.05, "trend": 26.372388, "fair_value": 24.298414, "relative_strength": 3.185717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.720459, "energy": 10.49741, "activity_lines": [ 26.338891, 26.35192, 26.430772, 26.458586 ] }, { "date": "2023-10-06", "close": 25.833889, "volume": 205822, "typical_volume": 453927.9, "trend": 26.37648, "fair_value": 24.33928, "relative_strength": 2.331206, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.084107, "energy": 26.132154, "activity_lines": [ 26.150832, 26.243917, 26.367584, 26.423844 ] }, { "date": "2023-10-13", "close": 26.103432, "volume": 1267925, "typical_volume": 503915.3, "trend": 26.420312, "fair_value": 24.382806, "relative_strength": 2.348577, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.892474, "energy": 45.148104, "activity_lines": [ 26.098474, 26.208897, 26.335667, 26.406228 ] }, { "date": "2023-10-20", "close": 25.197226, "volume": 821426, "typical_volume": 535584.25, "trend": 26.425302, "fair_value": 24.422116, "relative_strength": 1.180698, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.641686, "energy": 65.301067, "activity_lines": [ 25.759228, 26.016233, 26.219682, 26.327319 ] }, { "date": "2023-10-27", "close": 24.941624, "volume": 585656, "typical_volume": 546260.75, "trend": 26.387532, "fair_value": 24.466295, "relative_strength": 0.419843, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.900672, "energy": 74.835642, "activity_lines": [ 25.438569, 25.801446, 26.086147, 26.231598 ] }, { "date": "2023-11-03", "close": 25.773479, "volume": 381054, "typical_volume": 555736.85, "trend": 26.374613, "fair_value": 24.507872, "relative_strength": 0.658537, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.380737, "energy": 63.603166, "activity_lines": [ 25.484421, 25.756326, 26.039256, 26.191982 ] }, { "date": "2023-11-10", "close": 25.722357, "volume": 479915, "typical_volume": 572130.15, "trend": 26.344991, "fair_value": 24.542528, "relative_strength": -0.882713, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.529929, "energy": 59.329526, "activity_lines": [ 25.53523, 25.708755, 25.992947, 26.149901 ] }, { "date": "2023-11-17", "close": 26.475893, "volume": 995872, "typical_volume": 611978.9, "trend": 26.337305, "fair_value": 24.580611, "relative_strength": 0.330512, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.452079, "energy": 19.334697, "activity_lines": [ 25.844654, 25.812724, 26.020309, 26.158346 ] }, { "date": "2023-11-24", "close": 26.737247, "volume": 300027, "typical_volume": 551843.2, "trend": 26.338331, "fair_value": 24.619266, "relative_strength": 0.353254, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.189941, "energy": 15.438817, "activity_lines": [ 26.216364, 25.96158, 26.07342, 26.184149 ] }, { "date": "2023-12-01", "close": 27.087269, "volume": 626636, "typical_volume": 567657.4, "trend": 26.352388, "fair_value": 24.659587, "relative_strength": 0.862491, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 31.834313, "energy": 33.598688, "activity_lines": [ 26.60208, 26.174381, 26.155627, 26.232467 ] }, { "date": "2023-12-08", "close": 27.455965, "volume": 890399, "typical_volume": 605674.05, "trend": 26.375857, "fair_value": 24.703511, "relative_strength": 0.813723, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.509432, "energy": 51.973929, "activity_lines": [ 26.967652, 26.439541, 26.270544, 26.303666 ] }, { "date": "2023-12-15", "close": 27.689318, "volume": 498362, "typical_volume": 605206.25, "trend": 26.3985, "fair_value": 24.747029, "relative_strength": 0.186228, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.671201, "energy": 73.346464, "activity_lines": [ 27.298843, 26.722537, 26.404729, 26.388405 ] }, { "date": "2023-12-22", "close": 27.745321, "volume": 465039, "typical_volume": 595670.6, "trend": 26.437569, "fair_value": 24.790852, "relative_strength": 1.318714, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.976796, "energy": 85.272993, "activity_lines": [ 27.51757, 26.981981, 26.541692, 26.475297 ] }, { "date": "2023-12-29", "close": 27.745321, "volume": 259759, "typical_volume": 566145.3, "trend": 26.474952, "fair_value": 24.834151, "relative_strength": 1.116315, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.345256, "energy": 85.10162, "activity_lines": [ 27.651669, 27.211572, 26.672701, 26.559668 ] }, { "date": "2024-01-05", "close": 27.721987, "volume": 246183, "typical_volume": 558314.0, "trend": 26.515694, "fair_value": 24.872893, "relative_strength": 2.032276, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.653076, "energy": 82.721395, "activity_lines": [ 27.710786, 27.390592, 26.795732, 26.640122 ] }, { "date": "2024-01-12", "close": 27.707985, "volume": 1074766, "typical_volume": 585152.25, "trend": 26.542025, "fair_value": 24.912564, "relative_strength": 1.494933, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.217887, "energy": 76.67472, "activity_lines": [ 27.72292, 27.516513, 26.909013, 26.717044 ] }, { "date": "2024-01-19", "close": 27.287954, "volume": 550297, "typical_volume": 594499.15, "trend": 26.580867, "fair_value": 24.94946, "relative_strength": 0.308371, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.791371, "energy": 53.752884, "activity_lines": [ 27.578242, 27.530893, 26.974873, 26.765168 ] }, { "date": "2024-01-26", "close": 28.151348, "volume": 500574, "typical_volume": 578605.2, "trend": 26.630711, "fair_value": 24.996244, "relative_strength": -1.444711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.81652, "energy": 58.443578, "activity_lines": [ 27.74812, 27.673788, 27.119311, 26.866489 ] }, { "date": "2024-02-02", "close": 28.165352, "volume": 647971, "typical_volume": 597633.65, "trend": 26.707994, "fair_value": 25.038516, "relative_strength": -1.982847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.124683, "energy": 61.469631, "activity_lines": [ 27.895598, 27.788766, 27.256415, 26.965499 ] }, { "date": "2024-02-09", "close": 28.216684, "volume": 366143, "typical_volume": 590896.3, "trend": 26.762468, "fair_value": 25.079602, "relative_strength": -5.110403, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.268957, "energy": 68.734883, "activity_lines": [ 28.032184, 27.887112, 27.391688, 27.062833 ] }, { "date": "2024-02-16", "close": 28.623678, "volume": 1243586, "typical_volume": 620370.6, "trend": 26.82208, "fair_value": 25.122745, "relative_strength": -4.404037, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.582315, "energy": 89.823876, "activity_lines": [ 28.271455, 28.038922, 27.5565, 27.182911 ] }, { "date": "2024-02-23", "close": 28.979429, "volume": 234690, "typical_volume": 621814.0, "trend": 26.882977, "fair_value": 25.171289, "relative_strength": -2.825077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.048705, "energy": 92.723132, "activity_lines": [ 28.568264, 28.234183, 27.743191, 27.322095 ] }, { "date": "2024-03-01", "close": 28.95603, "volume": 764378, "typical_volume": 596636.65, "trend": 26.965007, "fair_value": 25.218053, "relative_strength": -2.773016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.657281, "energy": 91.58489, "activity_lines": [ 28.744508, 28.401733, 27.912676, 27.455841 ] }, { "date": "2024-03-08", "close": 29.311773, "volume": 543450, "typical_volume": 582737.85, "trend": 27.057517, "fair_value": 25.262293, "relative_strength": -2.443882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.730409, "energy": 93.795935, "activity_lines": [ 28.985687, 28.61195, 28.102457, 27.607245 ] }, { "date": "2024-03-15", "close": 29.410072, "volume": 2028646, "typical_volume": 654887.35, "trend": 27.172696, "fair_value": 25.307025, "relative_strength": -0.958631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.352891, "energy": 91.572045, "activity_lines": [ 29.183205, 28.811559, 28.282006, 27.759023 ] }, { "date": "2024-03-22", "close": 29.76582, "volume": 771614, "typical_volume": 674415.35, "trend": 27.293226, "fair_value": 25.352628, "relative_strength": -2.555871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.96956, "energy": 91.341302, "activity_lines": [ 29.419746, 29.045157, 28.474159, 27.926321 ] }, { "date": "2024-03-29", "close": 29.962418, "volume": 464602, "typical_volume": 673649.7, "trend": 27.407917, "fair_value": 25.397587, "relative_strength": -2.490364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.544665, "energy": 85.508946, "activity_lines": [ 29.645677, 29.277085, 28.666023, 28.098527 ] }, { "date": "2024-04-05", "close": 29.559862, "volume": 363323, "typical_volume": 642022.25, "trend": 27.515541, "fair_value": 25.438281, "relative_strength": -3.628918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.763925, "energy": 67.129921, "activity_lines": [ 29.671891, 29.387195, 28.799358, 28.237362 ] }, { "date": "2024-04-12", "close": 29.583267, "volume": 2219769, "typical_volume": 738009.35, "trend": 27.609849, "fair_value": 25.477219, "relative_strength": -3.782701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.841726, "energy": 65.427399, "activity_lines": [ 29.66565, 29.47595, 28.920237, 28.370764 ] }, { "date": "2024-04-19", "close": 29.250921, "volume": 318707, "typical_volume": 722612.9, "trend": 27.708878, "fair_value": 25.515186, "relative_strength": -2.21516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.32875, "energy": 58.459648, "activity_lines": [ 29.530528, 29.478499, 28.995911, 28.476639 ] }, { "date": "2024-04-26", "close": 29.87348, "volume": 388274, "typical_volume": 697506.65, "trend": 27.834547, "fair_value": 25.557476, "relative_strength": -2.619888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.070731, "energy": 59.318735, "activity_lines": [ 29.613535, 29.575436, 29.120573, 28.616291 ] }, { "date": "2024-05-03", "close": 29.798586, "volume": 491870, "typical_volume": 697182.05, "trend": 27.966703, "fair_value": 25.596303, "relative_strength": -3.285989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.670721, "energy": 54.482402, "activity_lines": [ 29.664401, 29.636032, 29.226591, 28.743003 ] }, { "date": "2024-05-10", "close": 30.734768, "volume": 3269751, "typical_volume": 837417.65, "trend": 28.121081, "fair_value": 25.641624, "relative_strength": -2.687869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.105126, "energy": 66.020788, "activity_lines": [ 30.038249, 29.851949, 29.411725, 28.921588 ] }, { "date": "2024-05-17", "close": 30.895502, "volume": 910491, "typical_volume": 869954.25, "trend": 28.311024, "fair_value": 25.687362, "relative_strength": -2.389173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.954736, "energy": 84.327471, "activity_lines": [ 30.387348, 30.06475, 29.597931, 29.100583 ] }, { "date": "2024-05-24", "close": 30.796068, "volume": 992832, "typical_volume": 907286.7, "trend": 28.506172, "fair_value": 25.730872, "relative_strength": -2.860073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.410789, "energy": 85.566344, "activity_lines": [ 30.61582, 30.230677, 29.759666, 29.260908 ] }, { "date": "2024-05-31", "close": 30.672958, "volume": 246387, "typical_volume": 865867.75, "trend": 28.669488, "fair_value": 25.772227, "relative_strength": -1.959486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.302936, "energy": 82.237833, "activity_lines": [ 30.700246, 30.34902, 29.895038, 29.400701 ] }, { "date": "2024-06-07", "close": 31.10384, "volume": 535404, "typical_volume": 865123.1, "trend": 28.848871, "fair_value": 25.81439, "relative_strength": -2.679293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.348722, "energy": 80.852973, "activity_lines": [ 30.875001, 30.529213, 30.057328, 29.557756 ] }, { "date": "2024-06-14", "close": 30.365189, "volume": 1059489, "typical_volume": 893068.85, "trend": 28.978514, "fair_value": 25.853604, "relative_strength": -4.379604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.279998, "energy": 56.680095, "activity_lines": [ 30.716521, 30.554352, 30.131099, 29.655583 ] }, { "date": "2024-06-21", "close": 30.526176, "volume": 3248675, "typical_volume": 1023104.05, "trend": 29.104811, "fair_value": 25.891897, "relative_strength": -4.467515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.252615, "energy": 48.185586, "activity_lines": [ 30.636343, 30.594118, 30.20966, 29.755432 ] }, { "date": "2024-06-28", "close": 30.398333, "volume": 1032288, "typical_volume": 1056411.3, "trend": 29.21518, "fair_value": 25.92979, "relative_strength": -4.643835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.616658, "energy": 36.880926, "activity_lines": [ 30.538172, 30.593497, 30.264804, 29.838885 ] }, { "date": "2024-07-05", "close": 30.70137, "volume": 260729, "typical_volume": 1007268.45, "trend": 29.32336, "fair_value": 25.969178, "relative_strength": -4.639767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.837343, "energy": 31.631663, "activity_lines": [ 30.567529, 30.627112, 30.338419, 29.934768 ] }, { "date": "2024-07-12", "close": 31.118042, "volume": 1039049, "typical_volume": 1047486.4, "trend": 29.437651, "fair_value": 26.01227, "relative_strength": -4.422401, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.263841, "energy": 44.012616, "activity_lines": [ 30.733882, 30.721433, 30.441824, 30.050554 ] }, { "date": "2024-07-19", "close": 30.261021, "volume": 337664, "typical_volume": 1026150.7, "trend": 29.521508, "fair_value": 26.047692, "relative_strength": -3.131051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.607632, "energy": 29.090905, "activity_lines": [ 30.613615, 30.635941, 30.453424, 30.103675 ] }, { "date": "2024-07-26", "close": 30.445681, "volume": 507926, "typical_volume": 1024374.5, "trend": 29.61152, "fair_value": 26.084269, "relative_strength": -2.434958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.399161, "energy": 26.086208, "activity_lines": [ 30.561846, 30.592638, 30.476396, 30.163299 ] }, { "date": "2024-08-02", "close": 29.574453, "volume": 253422, "typical_volume": 935613.3, "trend": 29.673269, "fair_value": 26.112417, "relative_strength": -2.201776, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.170263, "energy": 6.377465, "activity_lines": [ 30.225034, 30.399108, 30.410994, 30.160908 ] }, { "date": "2024-08-09", "close": 29.683353, "volume": 2586932, "typical_volume": 1026379.2, "trend": 29.739114, "fair_value": 26.139123, "relative_strength": -2.278339, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.367273, "energy": 16.056098, "activity_lines": [ 29.979447, 30.247589, 30.355181, 30.161558 ] }, { "date": "2024-08-16", "close": 30.433481, "volume": 250617, "typical_volume": 1015679.95, "trend": 29.843965, "fair_value": 26.173109, "relative_strength": -2.182385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.644759, "energy": 16.678006, "activity_lines": [ 30.051771, 30.25045, 30.371202, 30.206356 ] }, { "date": "2024-08-23", "close": 30.830395, "volume": 80456, "typical_volume": 1001536.6, "trend": 29.933267, "fair_value": 26.208459, "relative_strength": -1.126432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.19172, "energy": 15.658597, "activity_lines": [ 30.302036, 30.337665, 30.422781, 30.269997 ] }, { "date": "2024-08-30", "close": 31.265568, "volume": 410280, "typical_volume": 911062.15, "trend": 30.036607, "fair_value": 26.246853, "relative_strength": -0.748921, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.998085, "energy": 30.954207, "activity_lines": [ 30.659401, 30.495545, 30.509755, 30.355952 ] }, { "date": "2024-09-06", "close": 30.160896, "volume": 232135, "typical_volume": 906733.55, "trend": 30.101414, "fair_value": 26.280046, "relative_strength": 0.105668, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.87274, "energy": 22.159555, "activity_lines": [ 30.593883, 30.439131, 30.48351, 30.36397 ] }, { "date": "2024-09-13", "close": 30.70606, "volume": 177779, "typical_volume": 896208.8, "trend": 30.170827, "fair_value": 26.318223, "relative_strength": -0.276814, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.508796, "energy": 26.874684, "activity_lines": [ 30.670991, 30.486156, 30.504853, 30.40298 ] }, { "date": "2024-09-20", "close": 30.543467, "volume": 194311, "typical_volume": 881330.85, "trend": 30.222962, "fair_value": 26.354655, "relative_strength": -0.468373, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.428325, "energy": 23.956742, "activity_lines": [ 30.62572, 30.503532, 30.506747, 30.427021 ] }, { "date": "2024-09-27", "close": 31.461641, "volume": 1268445, "typical_volume": 781265.55, "trend": 30.306482, "fair_value": 26.399894, "relative_strength": 0.388128, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.282146, "energy": 34.683278, "activity_lines": [ 30.879174, 30.698297, 30.592538, 30.506936 ] }, { "date": "2024-10-04", "close": 30.90691, "volume": 325146, "typical_volume": 751998.3, "trend": 30.359653, "fair_value": 26.439948, "relative_strength": -0.681633, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.364975, "energy": 35.928222, "activity_lines": [ 30.905635, 30.770371, 30.622037, 30.545673 ] }, { "date": "2024-10-11", "close": 31.102978, "volume": 176955, "typical_volume": 711204.45, "trend": 30.416083, "fair_value": 26.477215, "relative_strength": -0.413997, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.61795, "energy": 41.214043, "activity_lines": [ 31.021363, 30.869709, 30.670154, 30.59363 ] }, { "date": "2024-10-18", "close": 31.279915, "volume": 283007, "typical_volume": 713035.45, "trend": 30.466553, "fair_value": 26.514604, "relative_strength": 1.575656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.780938, "energy": 52.698219, "activity_lines": [ 31.133264, 30.973425, 30.733661, 30.649361 ] }, { "date": "2024-10-25", "close": 30.911692, "volume": 562450, "typical_volume": 714387.75, "trend": 30.498196, "fair_value": 26.548285, "relative_strength": 0.922624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.041866, "energy": 34.654995, "activity_lines": [ 31.084168, 30.981163, 30.759209, 30.678079 ] }, { "date": "2024-11-01", "close": 30.438263, "volume": 1589773, "typical_volume": 740901.95, "trend": 30.527476, "fair_value": 26.576348, "relative_strength": 1.118167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.948264, "energy": 15.967449, "activity_lines": [ 30.852713, 30.894129, 30.740584, 30.674213 ] }, { "date": "2024-11-08", "close": 30.156118, "volume": 1383634, "typical_volume": 647649.9, "trend": 30.546571, "fair_value": 26.601387, "relative_strength": 1.260944, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.322616, "energy": 11.167426, "activity_lines": [ 30.595435, 30.762925, 30.694739, 30.650254 ] }, { "date": "2024-11-15", "close": 29.946444, "volume": 409246, "typical_volume": 616497.8, "trend": 30.569755, "fair_value": 26.625224, "relative_strength": 1.929036, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.413962, "energy": 24.895746, "activity_lines": [ 30.318319, 30.613771, 30.630688, 30.611536 ] }, { "date": "2024-11-22", "close": 30.359299, "volume": 729110, "typical_volume": 639916.85, "trend": 30.585949, "fair_value": 26.659553, "relative_strength": 1.32601, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.073361, "energy": 22.899998, "activity_lines": [ 30.255923, 30.54358, 30.608108, 30.597958 ] }, { "date": "2024-11-29", "close": 30.431307, "volume": 435960, "typical_volume": 609762.4, "trend": 30.60704, "fair_value": 26.694288, "relative_strength": 1.378523, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.44859, "energy": 35.625222, "activity_lines": [ 30.278904, 30.492786, 30.594015, 30.587981 ] }, { "date": "2024-12-06", "close": 31.031387, "volume": 558713, "typical_volume": 620814.85, "trend": 30.616927, "fair_value": 26.728325, "relative_strength": 2.243415, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.948844, "energy": 6.276656, "activity_lines": [ 30.533938, 30.553137, 30.640343, 30.615359 ] }, { "date": "2024-12-13", "close": 30.834562, "volume": 880463, "typical_volume": 639441.7, "trend": 30.614896, "fair_value": 26.761552, "relative_strength": 1.404274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.074731, "energy": 11.206231, "activity_lines": [ 30.683821, 30.585524, 30.664257, 30.6294 ] }, { "date": "2024-12-20", "close": 30.032856, "volume": 282570, "typical_volume": 640899.1, "trend": 30.589455, "fair_value": 26.786253, "relative_strength": 0.868953, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.095187, "energy": 5.740689, "activity_lines": [ 30.52124, 30.473462, 30.609966, 30.591849 ] }, { "date": "2024-12-27", "close": 30.205673, "volume": 89138, "typical_volume": 516009.4, "trend": 30.573879, "fair_value": 26.810707, "relative_strength": 1.011008, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.080381, "energy": 15.441418, "activity_lines": [ 30.410504, 30.412279, 30.569951, 30.567089 ] }, { "date": "2025-01-03", "close": 30.311289, "volume": 176057, "typical_volume": 512281.4, "trend": 30.547461, "fair_value": 26.83598, "relative_strength": 0.880015, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.93074, "energy": 21.484566, "activity_lines": [ 30.345214, 30.389829, 30.537508, 30.550147 ] }, { "date": "2025-01-10", "close": 30.580128, "volume": 651785, "typical_volume": 540847.85, "trend": 30.554625, "fair_value": 26.864443, "relative_strength": 1.184479, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.170281, "energy": 29.17045, "activity_lines": [ 30.377539, 30.427176, 30.53125, 30.552255 ] }, { "date": "2025-01-17", "close": 31.295427, "volume": 964607, "typical_volume": 568564.2, "trend": 30.580267, "fair_value": 26.899834, "relative_strength": 0.885634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.388041, "energy": 17.327597, "activity_lines": [ 30.678381, 30.591998, 30.594307, 30.600049 ] }, { "date": "2025-01-24", "close": 31.698679, "volume": 693125, "typical_volume": 591613.7, "trend": 30.623612, "fair_value": 26.940181, "relative_strength": 3.60558, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.005933, "energy": 52.938466, "activity_lines": [ 31.082916, 30.809424, 30.695628, 30.672204 ] }, { "date": "2025-01-31", "close": 32.274757, "volume": 431662, "typical_volume": 604307.85, "trend": 30.676058, "fair_value": 26.985293, "relative_strength": 3.085583, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.382671, "energy": 75.579213, "activity_lines": [ 31.568422, 31.099732, 30.84449, 30.77873 ] }, { "date": "2025-02-07", "close": 32.45718, "volume": 414007, "typical_volume": 615292.65, "trend": 30.720696, "fair_value": 27.02888, "relative_strength": 3.309165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.054267, "energy": 83.142024, "activity_lines": [ 31.976796, 31.388382, 31.003255, 30.893641 ] }, { "date": "2025-02-14", "close": 33.078724, "volume": 432360, "typical_volume": 573488.4, "trend": 30.814619, "fair_value": 27.079393, "relative_strength": 2.691578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.017774, "energy": 91.435011, "activity_lines": [ 32.449293, 31.753206, 31.212103, 31.045772 ] }, { "date": "2025-02-21", "close": 33.208706, "volume": 903316, "typical_volume": 602396.9, "trend": 30.90672, "fair_value": 27.133031, "relative_strength": 3.998435, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.799364, "energy": 92.905689, "activity_lines": [ 32.798544, 32.104438, 31.425629, 31.200229 ] }, { "date": "2025-02-28", "close": 33.434978, "volume": 6838561, "typical_volume": 935477.2, "trend": 31.035404, "fair_value": 27.199407, "relative_strength": 6.343662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.713459, "energy": 92.072813, "activity_lines": [ 33.095667, 32.453645, 31.649744, 31.363342 ] }, { "date": "2025-03-07", "close": 33.184635, "volume": 942881, "typical_volume": 968470.9, "trend": 31.152114, "fair_value": 27.260699, "relative_strength": 6.628013, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.693279, "energy": 86.421704, "activity_lines": [ 33.193589, 32.695478, 31.838913, 31.502002 ] }, { "date": "2025-03-14", "close": 32.770615, "volume": 1254194, "typical_volume": 1003058.1, "trend": 31.230018, "fair_value": 27.310991, "relative_strength": 5.862778, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.88061, "energy": 61.066117, "activity_lines": [ 33.092846, 32.807871, 31.97958, 31.606422 ] }, { "date": "2025-03-21", "close": 32.992069, "volume": 2620363, "typical_volume": 1054587.6, "trend": 31.302074, "fair_value": 27.363241, "relative_strength": 5.382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.484194, "energy": 57.326641, "activity_lines": [ 33.045025, 32.915814, 32.132487, 31.720102 ] }, { "date": "2025-03-28", "close": 32.568417, "volume": 547570, "typical_volume": 1012784.4, "trend": 31.345502, "fair_value": 27.410709, "relative_strength": 4.761212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.987436, "energy": 41.6302, "activity_lines": [ 32.861764, 32.902876, 32.232884, 31.801802 ] }, { "date": "2025-04-04", "close": 29.862804, "volume": 779214, "typical_volume": 1031282.8, "trend": 31.335566, "fair_value": 27.439731, "relative_strength": 3.501357, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -1.403927, "energy": 16.73358, "activity_lines": [ 31.819317, 32.374863, 32.064117, 31.706144 ] }, { "date": "2025-04-11", "close": 29.318792, "volume": 3271599, "typical_volume": 1158407.25, "trend": 31.289324, "fair_value": 27.465661, "relative_strength": 4.176492, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.612866, "energy": 42.150424, "activity_lines": [ 30.833679, 31.781318, 31.843938, 31.57603 ] }, { "date": "2025-04-18", "close": 30.454956, "volume": 1092467, "typical_volume": 1191232.6, "trend": 31.286373, "fair_value": 27.501025, "relative_strength": 3.968462, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.220745, "energy": 40.184545, "activity_lines": [ 30.484484, 31.448093, 31.73692, 31.522199 ] }, { "date": "2025-04-25", "close": 31.427437, "volume": 465122, "typical_volume": 1186553.05, "trend": 31.285233, "fair_value": 27.543131, "relative_strength": 4.624882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.995133, "energy": 37.748095, "activity_lines": [ 30.613827, 31.328087, 31.722406, 31.5313 ] }, { "date": "2025-05-02", "close": 32.443241, "volume": 572224, "typical_volume": 1171141.1, "trend": 31.336444, "fair_value": 27.598426, "relative_strength": 4.873433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.562224, "energy": 17.284129, "activity_lines": [ 31.186081, 31.422797, 31.802749, 31.60601 ] }, { "date": "2025-05-09", "close": 32.578041, "volume": 677524, "typical_volume": 1190888.8, "trend": 31.385613, "fair_value": 27.652821, "relative_strength": 4.237356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.945116, "energy": 23.122206, "activity_lines": [ 31.811612, 31.555932, 31.888271, 31.686113 ] }, { "date": "2025-05-16", "close": 33.361034, "volume": 710556, "typical_volume": 1221959.7, "trend": 31.454984, "fair_value": 27.713122, "relative_strength": 3.74159, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.007146, "energy": 42.524689, "activity_lines": [ 32.517126, 31.847011, 32.036243, 31.81356 ] }, { "date": "2025-05-23", "close": 33.146866, "volume": 1869072, "typical_volume": 1306610.45, "trend": 31.529489, "fair_value": 27.766813, "relative_strength": 4.449201, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.259967, "energy": 44.783117, "activity_lines": [ 32.881767, 32.095943, 32.148792, 31.922714 ] }, { "date": "2025-05-30", "close": 33.351299, "volume": 358287, "typical_volume": 1291935.55, "trend": 31.626591, "fair_value": 27.823189, "relative_strength": 4.33545, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.571596, "energy": 64.150175, "activity_lines": [ 33.135092, 32.375204, 32.267309, 32.04025 ] }, { "date": "2025-06-06", "close": 33.711483, "volume": 811449, "typical_volume": 1284277.65, "trend": 31.745103, "fair_value": 27.888083, "relative_strength": 4.518717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.91573, "energy": 71.511482, "activity_lines": [ 33.380221, 32.713421, 32.406933, 32.174759 ] }, { "date": "2025-06-13", "close": 33.171204, "volume": 551589, "typical_volume": 1277200.85, "trend": 31.852595, "fair_value": 27.956355, "relative_strength": 3.491981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.64072, "energy": 59.560634, "activity_lines": [ 33.360708, 32.932622, 32.483596, 32.266765 ] }, { "date": "2025-06-20", "close": 32.655262, "volume": 848311, "typical_volume": 1298033.3, "trend": 31.929127, "fair_value": 28.017485, "relative_strength": 3.294763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.102549, "energy": 38.106876, "activity_lines": [ 33.129669, 32.997864, 32.504111, 32.31855 ] }, { "date": "2025-06-27", "close": 33.142002, "volume": 611202, "typical_volume": 1307893.05, "trend": 32.019483, "fair_value": 28.083852, "relative_strength": 3.332652, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.042317, "energy": 33.865982, "activity_lines": [ 33.107929, 33.09094, 32.569169, 32.3968 ] }, { "date": "2025-07-04", "close": 32.966774, "volume": 439812, "typical_volume": 1308265.65, "trend": 32.083996, "fair_value": 28.145433, "relative_strength": 3.914617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.980062, "energy": 25.27023, "activity_lines": [ 33.028104, 33.103301, 32.614278, 32.457916 ] }, { "date": "2025-07-11", "close": 33.331829, "volume": 293399, "typical_volume": 1277769.8, "trend": 32.167239, "fair_value": 28.210556, "relative_strength": 3.392953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.989982, "energy": 27.878903, "activity_lines": [ 33.095598, 33.154048, 32.694688, 32.538421 ] }, { "date": "2025-07-18", "close": 33.292892, "volume": 361252, "typical_volume": 953904.35, "trend": 32.275906, "fair_value": 28.271222, "relative_strength": 4.183053, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.3059, "energy": 33.893381, "activity_lines": [ 33.175424, 33.18156, 32.770802, 32.611044 ] }, { "date": "2025-07-25", "close": 33.458378, "volume": 439965, "typical_volume": 928758.55, "trend": 32.38433, "fair_value": 28.32837, "relative_strength": 5.255365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.69045, "energy": 49.258173, "activity_lines": [ 33.3023, 33.226162, 32.863354, 32.687333 ] }, { "date": "2025-08-01", "close": 32.426495, "volume": 916493, "typical_volume": 911873.5, "trend": 32.454837, "fair_value": 28.379704, "relative_strength": 4.201458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.212295, "energy": 20.560355, "activity_lines": [ 33.031673, 33.081379, 32.856328, 32.690053 ] }, { "date": "2025-08-08", "close": 33.283154, "volume": 205845, "typical_volume": 791147.6, "trend": 32.544938, "fair_value": 28.434818, "relative_strength": 5.959023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.504944, "energy": 23.77924, "activity_lines": [ 33.0943, 33.105451, 32.932527, 32.743493 ] }, { "date": "2025-08-15", "close": 33.754025, "volume": 502844, "typical_volume": 788911.3, "trend": 32.626891, "fair_value": 28.493933, "relative_strength": 6.691586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.520107, "energy": 35.037929, "activity_lines": [ 33.292792, 33.216374, 33.052185, 32.821498 ] }, { "date": "2025-08-22", "close": 34.216206, "volume": 325433, "typical_volume": 766222.25, "trend": 32.710808, "fair_value": 28.561157, "relative_strength": 5.916195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.685608, "energy": 48.252639, "activity_lines": [ 33.617197, 33.410557, 33.210214, 32.924035 ] }, { "date": "2025-08-29", "close": 33.572105, "volume": 1038765, "typical_volume": 654580.55, "trend": 32.754053, "fair_value": 28.626623, "relative_strength": 5.615954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.6599, "energy": 57.955035, "activity_lines": [ 33.665348, 33.46863, 33.28617, 32.979602 ] }, { "date": "2025-09-05", "close": 33.552433, "volume": 384997, "typical_volume": 619207.05, "trend": 32.790562, "fair_value": 28.690373, "relative_strength": 5.139086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.003772, "energy": 57.911214, "activity_lines": [ 33.69936, 33.506457, 33.339999, 33.031111 ] }, { "date": "2025-09-12", "close": 33.901527, "volume": 407469, "typical_volume": 616324.4, "trend": 32.817989, "fair_value": 28.760698, "relative_strength": 4.859789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.908117, "energy": 56.66749, "activity_lines": [ 33.774675, 33.600293, 33.412324, 33.102786 ] }, { "date": "2025-09-19", "close": 33.88678, "volume": 519050, "typical_volume": 613665.7, "trend": 32.840591, "fair_value": 28.837, "relative_strength": 2.308323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.36057, "energy": 38.693018, "activity_lines": [ 33.803848, 33.674452, 33.471464, 33.17174 ] }, { "date": "2025-09-26", "close": 33.906445, "volume": 260767, "typical_volume": 592827.85, "trend": 32.856307, "fair_value": 28.914266, "relative_strength": 1.349487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.141511, "energy": 38.315205, "activity_lines": [ 33.830726, 33.742096, 33.525603, 33.240505 ] }, { "date": "2025-10-03", "close": 34.909477, "volume": 229879, "typical_volume": 568794.0, "trend": 32.913801, "fair_value": 28.996632, "relative_strength": 1.701961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.404221, "energy": 63.273457, "activity_lines": [ 34.212599, 33.980955, 33.668942, 33.372967 ] }, { "date": "2025-10-10", "close": 34.506302, "volume": 501455, "typical_volume": 500413.15, "trend": 32.971658, "fair_value": 29.076616, "relative_strength": 2.626304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.698529, "energy": 62.834597, "activity_lines": [ 34.370923, 34.120125, 33.766511, 33.475709 ] }, { "date": "2025-10-17", "close": 34.698055, "volume": 585210, "typical_volume": 511759.3, "trend": 33.028524, "fair_value": 29.15569, "relative_strength": 1.442535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.881486, "energy": 67.631553, "activity_lines": [ 34.529572, 34.256345, 33.875868, 33.58709 ] }, { "date": "2025-10-24", "close": 35.155319, "volume": 405435, "typical_volume": 491458.6, "trend": 33.114754, "fair_value": 29.232664, "relative_strength": 0.271269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.098168, "energy": 78.548979, "activity_lines": [ 34.787541, 34.449979, 34.022361, 33.724303 ] }, { "date": "2025-10-31", "close": 35.032398, "volume": 367888, "typical_volume": 482273.55, "trend": 33.287074, "fair_value": 29.306594, "relative_strength": 0.605902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.885525, "energy": 76.672114, "activity_lines": [ 34.919967, 34.595785, 34.150272, 33.848021 ] }, { "date": "2025-11-07", "close": 34.629219, "volume": 601455, "typical_volume": 469930.75, "trend": 33.464088, "fair_value": 29.37291, "relative_strength": 1.507295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.073475, "energy": 63.219338, "activity_lines": [ 34.842937, 34.653446, 34.230922, 33.934612 ] }, { "date": "2025-11-14", "close": 35.25111, "volume": 372913, "typical_volume": 458016.3, "trend": 33.62396, "fair_value": 29.442664, "relative_strength": 3.077718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.986286, "energy": 61.845665, "activity_lines": [ 34.991888, 34.804957, 34.3614, 34.049903 ] }, { "date": "2025-11-21", "close": 34.437164, "volume": 1262835, "typical_volume": 499167.45, "trend": 33.724284, "fair_value": 29.504268, "relative_strength": 3.292478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.62235, "energy": 40.783668, "activity_lines": [ 34.819869, 34.777594, 34.404316, 34.102368 ] }, { "date": "2025-11-28", "close": 35.320171, "volume": 396859, "typical_volume": 504340.45, "trend": 33.820182, "fair_value": 29.570486, "relative_strength": 3.905258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.980712, "energy": 44.242158, "activity_lines": [ 34.959578, 34.901038, 34.524326, 34.205329 ] }, { "date": "2025-12-05", "close": 35.463226, "volume": 270864, "typical_volume": 499821.05, "trend": 33.916354, "fair_value": 29.639073, "relative_strength": 3.725944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.963534, "energy": 48.690492, "activity_lines": [ 35.135983, 35.024431, 34.648492, 34.311331 ] }, { "date": "2025-12-12", "close": 35.418835, "volume": 361728, "typical_volume": 495909.2, "trend": 33.984948, "fair_value": 29.712575, "relative_strength": 4.291032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.824656, "energy": 45.918883, "activity_lines": [ 35.268869, 35.111448, 34.758096, 34.408266 ] }, { "date": "2025-12-19", "close": 36.020653, "volume": 391789, "typical_volume": 469674.0, "trend": 34.080741, "fair_value": 29.788888, "relative_strength": 5.287252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.881446, "energy": 71.013487, "activity_lines": [ 35.549719, 35.298624, 34.91568, 34.539601 ] }, { "date": "2025-12-26", "close": 36.109447, "volume": 157519, "typical_volume": 467257.7, "trend": 34.172679, "fair_value": 29.866671, "relative_strength": 5.682134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.375459, "energy": 76.260207, "activity_lines": [ 35.808865, 35.474412, 35.064605, 34.670486 ] }, { "date": "2026-01-02", "close": 36.533684, "volume": 320833, "typical_volume": 458157.15, "trend": 34.266752, "fair_value": 29.939914, "relative_strength": 3.834222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.633682, "energy": 84.816637, "activity_lines": [ 36.097938, 35.701672, 35.240476, 34.822809 ] }, { "date": "2026-01-09", "close": 37.342693, "volume": 537885, "typical_volume": 468779.75, "trend": 34.405802, "fair_value": 30.01567, "relative_strength": 3.734366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.16906, "energy": 94.170514, "activity_lines": [ 36.575779, 36.050963, 35.480158, 35.021256 ] }, { "date": "2026-01-16", "close": 37.633739, "volume": 237600, "typical_volume": 428721.5, "trend": 34.571751, "fair_value": 30.093524, "relative_strength": 2.099129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.076639, "energy": 94.507355, "activity_lines": [ 37.025338, 36.411167, 35.732671, 35.22951 ] }, { "date": "2026-01-23", "close": 37.219368, "volume": 823442, "typical_volume": 450643.75, "trend": 34.707663, "fair_value": 30.167386, "relative_strength": 1.883799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.085969, "energy": 87.397438, "activity_lines": [ 37.189113, 36.641402, 35.926379, 35.400324 ] }, { "date": "2026-01-30", "close": 37.357494, "volume": 358582, "typical_volume": 448199.4, "trend": 34.854021, "fair_value": 30.240362, "relative_strength": 1.982821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.231266, "energy": 84.541589, "activity_lines": [ 37.319015, 36.860965, 36.11578, 35.571281 ] }, { "date": "2026-02-06", "close": 37.69294, "volume": 1209756, "typical_volume": 482734.7, "trend": 34.999391, "fair_value": 30.316273, "relative_strength": 3.400546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.422685, "energy": 72.018097, "activity_lines": [ 37.47753, 37.088422, 36.320672, 35.754437 ] }, { "date": "2026-02-13", "close": 37.806396, "volume": 2394026, "typical_volume": 589397.65, "trend": 35.149841, "fair_value": 30.390486, "relative_strength": 3.702797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.371504, "energy": 67.957415, "activity_lines": [ 37.59658, 37.293365, 36.518244, 35.935534 ] }, { "date": "2026-02-20", "close": 38.661816, "volume": 271020, "typical_volume": 591454.7, "trend": 35.323289, "fair_value": 30.472978, "relative_strength": 3.42546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.382318, "energy": 81.822284, "activity_lines": [ 37.969856, 37.611236, 36.778714, 36.162113 ] }, { "date": "2026-02-27", "close": 38.869514, "volume": 1384151, "typical_volume": 635589.5, "trend": 35.538057, "fair_value": 30.553977, "relative_strength": 2.948249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.698367, "energy": 91.235905, "activity_lines": [ 38.343826, 37.907907, 37.041096, 36.390902 ] }, { "date": "2026-03-06", "close": 36.752956, "volume": 1322425, "typical_volume": 672450.25, "trend": 35.653717, "fair_value": 30.624758, "relative_strength": 1.920067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.980437, "energy": 57.910836, "activity_lines": [ 37.902268, 37.767952, 37.081124, 36.469283 ] }, { "date": "2026-03-13", "close": 36.604595, "volume": 1069872, "typical_volume": 705672.1, "trend": 35.748736, "fair_value": 30.700502, "relative_strength": -0.670544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.583119, "energy": 38.76959, "activity_lines": [ 37.451558, 37.589322, 37.097237, 36.53063 ] }, { "date": "2026-03-20", "close": 35.18037, "volume": 1207443, "typical_volume": 747649.85, "trend": 35.780874, "fair_value": 30.765456, "relative_strength": -0.587394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 3.644341, "energy": 16.971173, "activity_lines": [ 36.598663, 37.150453, 36.970808, 36.493961 ] }, { "date": "2026-03-27", "close": 35.378181, "volume": 1011655, "typical_volume": 768159.85, "trend": 35.841077, "fair_value": 30.825094, "relative_strength": 0.067445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.349591, "energy": 29.068417, "activity_lines": [ 35.986773, 36.786864, 36.862514, 36.467981 ] }, { "date": "2026-04-03", "close": 36.713394, "volume": 804723, "typical_volume": 789750.35, "trend": 35.946442, "fair_value": 30.892737, "relative_strength": 2.066515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.818254, "energy": 24.277595, "activity_lines": [ 36.038863, 36.707051, 36.877817, 36.524259 ] }, { "date": "2026-04-10", "close": 37.880466, "volume": 463735, "typical_volume": 749795.35, "trend": 36.079074, "fair_value": 30.964977, "relative_strength": 1.634848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.634751, "energy": 21.008099, "activity_lines": [ 36.623719, 36.848633, 36.997306, 36.649035 ] }, { "date": "2026-04-17", "close": 38.622253, "volume": 770939, "typical_volume": 768499.35, "trend": 36.236923, "fair_value": 31.04136, "relative_strength": 2.159526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.513752, "energy": 29.827268, "activity_lines": [ 37.38067, 37.115577, 37.171044, 36.813111 ] }, { "date": "2026-04-24", "close": 37.727165, "volume": 938018, "typical_volume": 801857.05, "trend": 36.36428, "fair_value": 31.112006, "relative_strength": 0.043095, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.00618, "energy": 34.787567, "activity_lines": [ 37.704747, 37.202881, 37.243812, 36.909256 ] }, { "date": "2026-05-01", "close": 37.761784, "volume": 447146, "typical_volume": 806127.95, "trend": 36.459357, "fair_value": 31.183136, "relative_strength": 0.720369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.920852, "energy": 36.864418, "activity_lines": [ 37.870578, 37.297919, 37.309097, 36.999417 ] }, { "date": "2026-05-08", "close": 37.890358, "volume": 3317206, "typical_volume": 952398.8, "trend": 36.572159, "fair_value": 31.254536, "relative_strength": 0.658104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.053661, "energy": 48.751346, "activity_lines": [ 37.92036, 37.4327, 37.375469, 37.09174 ] }, { "date": "2026-05-15", "close": 37.61837, "volume": 496249, "typical_volume": 969335.3, "trend": 36.669503, "fair_value": 31.322538, "relative_strength": 0.561026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.540292, "energy": 29.999999, "activity_lines": [ 37.801014, 37.53583, 37.407035, 37.159237 ] }, { "date": "2026-05-22", "close": 38.924999, "volume": 691987, "typical_volume": 987893.0, "trend": 36.795159, "fair_value": 31.401716, "relative_strength": 0.549576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.726503, "energy": 36.617713, "activity_lines": [ 38.134685, 37.860795, 37.555856, 37.304753 ] }, { "date": "2026-05-29", "close": 38.965, "volume": 815231, "typical_volume": 1001760.3, "trend": 36.926245, "fair_value": 31.480826, "relative_strength": 1.557334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.763452, "energy": 41.218049, "activity_lines": [ 38.461507, 38.150843, 37.6971, 37.444743 ] }, { "date": "2026-06-05", "close": 38.849998, "volume": 72684, "typical_volume": 993514.5, "trend": 37.066938, "fair_value": 31.559994, "relative_strength": 0.601948, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.545702, "energy": 52.060751, "activity_lines": [ 38.667472, 38.35117, 37.819666, 37.568856 ] }, { "date": "2026-06-12", "close": 39.540001, "volume": 144770, "typical_volume": 959580.9, "trend": 37.209901, "fair_value": 31.640904, "relative_strength": -1.438484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.326853, "energy": 68.853615, "activity_lines": [ 39.030891, 38.613829, 38.002154, 37.728409 ] }, { "date": "2026-06-19", "close": 39.720001, "volume": 150489, "typical_volume": 949176.25, "trend": 37.385996, "fair_value": 31.728066, "relative_strength": -0.758608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.633574, "energy": 73.865743, "activity_lines": [ 39.344333, 38.857822, 38.190735, 37.890351 ] }, { "date": "2026-06-26", "close": 39.790001, "volume": 77972, "typical_volume": 892587.05, "trend": 37.53499, "fair_value": 31.812259, "relative_strength": 0.971791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.896626, "energy": 76.795851, "activity_lines": [ 39.541001, 39.081096, 38.374732, 38.045448 ] }, { "date": "2026-07-03", "close": 40.904999, "volume": 174174, "typical_volume": 781594.45, "trend": 37.716382, "fair_value": 31.908785, "relative_strength": 1.572318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.44604, "energy": 88.267286, "activity_lines": [ 40.051667, 39.485866, 38.654934, 38.262868 ] }, { "date": "2026-07-10", "close": 40.205002, "volume": 416558, "typical_volume": 788871.35, "trend": 37.875921, "fair_value": 31.996109, "relative_strength": -0.309461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.840659, "energy": 81.957569, "activity_lines": [ 40.199667, 39.705584, 38.853714, 38.423424 ] }, { "date": "2026-07-17", "close": 40.16, "volume": 601615, "typical_volume": 749744.55, "trend": 38.013899, "fair_value": 32.081524, "relative_strength": -1.140477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.19148, "energy": 79.287229, "activity_lines": [ 40.242334, 39.872698, 39.04086, 38.570784 ] }, { "date": "2026-07-24", "close": 40.384998, "volume": 486629, "typical_volume": 707954.75, "trend": 38.156418, "fair_value": 32.166347, "relative_strength": -0.415419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.017227, "energy": 75.907195, "activity_lines": [ 40.318666, 40.039454, 39.243289, 38.723758 ] }, { "date": "2026-07-31", "close": 40.610001, "volume": 922079, "typical_volume": 700565.1, "trend": 38.292295, "fair_value": 32.256827, "relative_strength": -0.708687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.133384, "energy": 59.502514, "activity_lines": [ 40.425667, 40.196818, 39.449851, 38.882053 ] }, { "date": "2026-08-07", "close": 41.294998, "volume": 1436335, "typical_volume": 712009.7, "trend": 38.424039, "fair_value": 32.351433, "relative_strength": -0.140678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.008166, "energy": 71.79279, "activity_lines": [ 40.706333, 40.448091, 39.702578, 39.075776 ] } ], "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." } } }