{ "ticker": { "uuid": "41b9938c-bef7-446e-8f9a-5705ee7ee75d", "symbol": "EWG", "name": "ISHARES INC MSCI GERMANY ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.261, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 71.821, "architecture_energy": 61.067, "architecture_maturity": 36.912, "architecture_confidence": 75.938, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 32.48, "rotation_up": 61.95, "upward_expansion": 83.72, "deceleration": 48.34, "rotation_down": 18.12, "downward_expansion": 17.38 }, "activity_lines": [ 42.578, 42.086551, 41.805947, 41.520281 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 44.02, "trend_reference": 41.473706, "distance_from_trend": 0.061395, "trend_direction": "Improving", "fair_value": 34.67711, "distance_from_fair_value": 0.269425, "fair_value_direction": "Improving", "relative_strength": -4.825026, "relative_strength_direction": "Improving", "price_momentum": 0.031356, "excess_performance": -0.094269, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.061395, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008112, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.269425, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.018226, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04825, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045007, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.031356, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.25497, "read": "Demand-led" } ], "volume": { "latest": 4099863, "relative_activity": 0.546989, "balance": 1.25497, "dry_up": 0.6617, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.031731, "annualized_volatility": 0.21668, "from_high_reference": -0.002192, "from_low_reference": 0.182223 }, "levels": { "trend_reference": 41.473706, "fair_value_reference": 34.67711, "structural_low": 37.234946, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.000398, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.010053, "regime_survival": 0.5, "best_return": 0.093464, "worst_return": -0.052657, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.032937, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.019582, "regime_survival": 0.333333, "best_return": 0.162324, "worst_return": -0.107151, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.103782, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.039297, "regime_survival": 0.0, "best_return": 0.148541, "worst_return": -0.075728, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.275466, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.046536, "regime_survival": 0.5, "best_return": 0.337587, "worst_return": 0.213345, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-08-02", "tenure": "New", "return": -0.023648, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.081897, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-11-29", "tenure": "Established", "return": 0.018624, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-01-24", "tenure": "Developing", "return": 0.03504, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-04-11", "tenure": "Developing", "return": 0.050245, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.07861, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-09-19", "tenure": "Established", "return": 0.027736, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-07", "tenure": "Developing", "return": -0.017476, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": 0.013461, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.011143, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-01-23", "tenure": "New", "return": 0.021617, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": -0.05312, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.084086, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.060092, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.829625, "volume": 17968589, "typical_volume": 9353940.25, "trend": 26.226715, "fair_value": 26.210777, "relative_strength": -1.038594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.150495, "energy": 9.383382, "activity_lines": [ 26.499212, 26.716513, 26.688523, 26.507779 ] }, { "date": "2023-08-25", "close": 25.773146, "volume": 10541559, "typical_volume": 9512964.1, "trend": 26.231046, "fair_value": 26.209297, "relative_strength": -2.31333, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.852, "energy": 25.581752, "activity_lines": [ 26.16034, 26.531673, 26.603231, 26.478517 ] }, { "date": "2023-09-01", "close": 25.989648, "volume": 7764551, "typical_volume": 9451111.25, "trend": 26.229463, "fair_value": 26.211517, "relative_strength": -4.155387, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.159656, "energy": 26.208518, "activity_lines": [ 26.001571, 26.412383, 26.540513, 26.462943 ] }, { "date": "2023-09-08", "close": 25.518992, "volume": 7436740, "typical_volume": 9368976.45, "trend": 26.23204, "fair_value": 26.208188, "relative_strength": -4.874388, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.550865, "energy": 43.580771, "activity_lines": [ 25.799503, 26.212996, 26.436338, 26.417106 ] }, { "date": "2023-09-15", "close": 25.726081, "volume": 8173483, "typical_volume": 9404120.65, "trend": 26.229916, "fair_value": 26.206406, "relative_strength": -4.159483, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.116309, "energy": 49.88349, "activity_lines": [ 25.736749, 26.076249, 26.358018, 26.384463 ] }, { "date": "2023-09-22", "close": 25.142467, "volume": 23722885, "typical_volume": 9877211.05, "trend": 26.242236, "fair_value": 26.210299, "relative_strength": -3.750648, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.827453, "energy": 55.531393, "activity_lines": [ 25.528405, 25.839381, 26.229916, 26.314305 ] }, { "date": "2023-09-29", "close": 24.662397, "volume": 8538367, "typical_volume": 9973973.65, "trend": 26.211069, "fair_value": 26.207756, "relative_strength": -5.127667, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.689507, "energy": 63.70974, "activity_lines": [ 25.205849, 25.558014, 26.065065, 26.21238 ] }, { "date": "2023-10-06", "close": 24.558853, "volume": 10296386, "typical_volume": 10112065.45, "trend": 26.195996, "fair_value": 26.198878, "relative_strength": -6.154411, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.5489, "energy": 78.030692, "activity_lines": [ 24.922827, 25.307453, 25.898776, 26.105786 ] }, { "date": "2023-10-13", "close": 24.172914, "volume": 13354071, "typical_volume": 10365298.0, "trend": 26.19432, "fair_value": 26.190774, "relative_strength": -8.156843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.144838, "energy": 86.423723, "activity_lines": [ 24.606546, 25.043714, 25.706696, 25.975264 ] }, { "date": "2023-10-20", "close": 23.711671, "volume": 10147008, "typical_volume": 10336007.45, "trend": 26.15681, "fair_value": 26.18087, "relative_strength": -7.80933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.158115, "energy": 89.565931, "activity_lines": [ 24.226255, 24.739756, 25.480263, 25.815093 ] }, { "date": "2023-10-27", "close": 23.31632, "volume": 10624283, "typical_volume": 10136434.2, "trend": 26.064893, "fair_value": 26.185613, "relative_strength": -7.136874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.159642, "energy": 92.113823, "activity_lines": [ 23.848475, 24.413891, 25.228081, 25.631836 ] }, { "date": "2023-11-03", "close": 24.615331, "volume": 8862026, "typical_volume": 10162104.4, "trend": 26.012613, "fair_value": 26.185687, "relative_strength": -7.421153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.345668, "energy": 77.859487, "activity_lines": [ 24.025442, 24.369905, 25.113017, 25.538316 ] }, { "date": "2023-11-10", "close": 24.794181, "volume": 10691707, "typical_volume": 10516165.55, "trend": 25.949192, "fair_value": 26.179804, "relative_strength": -7.952247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.841639, "energy": 54.095993, "activity_lines": [ 24.265163, 24.37949, 25.027358, 25.459707 ] }, { "date": "2023-11-17", "close": 26.347347, "volume": 7476490, "typical_volume": 10549642.5, "trend": 25.93388, "fair_value": 26.182996, "relative_strength": -4.391371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.097907, "energy": 14.906529, "activity_lines": [ 25.006918, 24.693204, 25.096746, 25.485395 ] }, { "date": "2023-11-24", "close": 26.563849, "volume": 4071726, "typical_volume": 10465151.95, "trend": 25.921203, "fair_value": 26.184051, "relative_strength": -4.558421, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 2.999212, "energy": 25.926692, "activity_lines": [ 25.675877, 25.031221, 25.189353, 25.526038 ] }, { "date": "2023-12-01", "close": 27.043919, "volume": 8777964, "typical_volume": 10178486.45, "trend": 25.92178, "fair_value": 26.185926, "relative_strength": -3.639371, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 40.693516, "energy": 47.501218, "activity_lines": [ 26.314715, 25.441291, 25.325261, 25.598471 ] }, { "date": "2023-12-08", "close": 27.298073, "volume": 7951201, "typical_volume": 10351844.85, "trend": 25.950678, "fair_value": 26.190751, "relative_strength": -2.952799, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.929476, "energy": 55.729361, "activity_lines": [ 26.789764, 25.862999, 25.487525, 25.687264 ] }, { "date": "2023-12-15", "close": 27.552228, "volume": 7336498, "typical_volume": 10227634.65, "trend": 25.973696, "fair_value": 26.189496, "relative_strength": -4.313284, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.751343, "energy": 73.482841, "activity_lines": [ 27.170682, 26.282996, 25.674443, 25.79059 ] }, { "date": "2023-12-22", "close": 27.788984, "volume": 5577969, "typical_volume": 9899300.1, "trend": 26.027204, "fair_value": 26.190868, "relative_strength": -4.32913, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.792182, "energy": 75.648425, "activity_lines": [ 27.446649, 26.691614, 25.884581, 25.907705 ] }, { "date": "2023-12-29", "close": 27.949016, "volume": 3905936, "typical_volume": 9660971.95, "trend": 26.08513, "fair_value": 26.193656, "relative_strength": -4.07365, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.459365, "energy": 79.934041, "activity_lines": [ 27.679851, 27.063582, 26.104172, 26.031693 ] }, { "date": "2024-01-05", "close": 27.327717, "volume": 5773241, "typical_volume": 9051204.55, "trend": 26.125026, "fair_value": 26.186076, "relative_strength": -4.581685, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.831969, "energy": 65.826195, "activity_lines": [ 27.613609, 27.245544, 26.257502, 26.11186 ] }, { "date": "2024-01-12", "close": 27.506576, "volume": 6306754, "typical_volume": 8839464.3, "trend": 26.1348, "fair_value": 26.185638, "relative_strength": -5.509502, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.637008, "energy": 62.83171, "activity_lines": [ 27.588066, 27.387092, 26.420732, 26.200992 ] }, { "date": "2024-01-19", "close": 27.195927, "volume": 7869650, "typical_volume": 8844719.25, "trend": 26.164969, "fair_value": 26.179267, "relative_strength": -7.43137, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.748718, "energy": 51.052355, "activity_lines": [ 27.445074, 27.41959, 26.546123, 26.269452 ] }, { "date": "2024-01-26", "close": 27.666607, "volume": 7746189, "typical_volume": 8860191.7, "trend": 26.190745, "fair_value": 26.181965, "relative_strength": -6.572668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.002768, "energy": 43.907797, "activity_lines": [ 27.482728, 27.493998, 26.710595, 26.366332 ] }, { "date": "2024-02-02", "close": 27.515989, "volume": 8636156, "typical_volume": 8883325.35, "trend": 26.239427, "fair_value": 26.177147, "relative_strength": -8.140076, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.094319, "energy": 42.27689, "activity_lines": [ 27.478335, 27.517034, 26.850497, 26.451832 ] }, { "date": "2024-02-09", "close": 27.553644, "volume": 6145188, "typical_volume": 8004440.5, "trend": 26.241357, "fair_value": 26.170849, "relative_strength": -9.031053, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.401864, "energy": 41.115266, "activity_lines": [ 27.515362, 27.529605, 26.985461, 26.53662 ] }, { "date": "2024-02-16", "close": 27.779571, "volume": 7384425, "typical_volume": 7946743.4, "trend": 26.254269, "fair_value": 26.167442, "relative_strength": -7.719934, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.624842, "energy": 55.175804, "activity_lines": [ 27.612636, 27.573986, 27.130461, 26.635859 ] }, { "date": "2024-02-23", "close": 28.447937, "volume": 4804118, "typical_volume": 7672130.0, "trend": 26.279419, "fair_value": 26.172095, "relative_strength": -6.830473, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.846401, "energy": 74.447767, "activity_lines": [ 27.914499, 27.731133, 27.32427, 26.777386 ] }, { "date": "2024-03-01", "close": 28.975099, "volume": 8619074, "typical_volume": 7435380.15, "trend": 26.35948, "fair_value": 26.179739, "relative_strength": -5.794076, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.7077, "energy": 89.646485, "activity_lines": [ 28.308616, 27.967843, 27.549766, 26.951301 ] }, { "date": "2024-03-08", "close": 29.191612, "volume": 8118144, "typical_volume": 7333936.95, "trend": 26.450524, "fair_value": 26.182608, "relative_strength": -4.61271, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.769008, "energy": 92.201767, "activity_lines": [ 28.68767, 28.222353, 27.773015, 27.134019 ] }, { "date": "2024-03-15", "close": 29.34223, "volume": 7390063, "typical_volume": 7172225.95, "trend": 26.567611, "fair_value": 26.186165, "relative_strength": -3.896899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.986564, "energy": 92.364962, "activity_lines": [ 29.005223, 28.481655, 27.984514, 27.320581 ] }, { "date": "2024-03-22", "close": 29.455194, "volume": 6142516, "typical_volume": 7036250.45, "trend": 26.690346, "fair_value": 26.190613, "relative_strength": -5.415807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.617136, "energy": 90.604793, "activity_lines": [ 29.241191, 28.724868, 28.178076, 27.506877 ] }, { "date": "2024-03-29", "close": 29.88822, "volume": 4370872, "typical_volume": 6720208.7, "trend": 26.820298, "fair_value": 26.193728, "relative_strength": -4.13588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.018577, "energy": 90.584836, "activity_lines": [ 29.509793, 29.011385, 28.389832, 27.713191 ] }, { "date": "2024-04-05", "close": 29.511675, "volume": 10635525, "typical_volume": 6878160.45, "trend": 26.953388, "fair_value": 26.190822, "relative_strength": -4.24941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.608554, "energy": 74.671581, "activity_lines": [ 29.556861, 29.180487, 28.541468, 27.886828 ] }, { "date": "2024-04-12", "close": 28.476178, "volume": 9564403, "typical_volume": 7152794.3, "trend": 27.045058, "fair_value": 26.176891, "relative_strength": -5.936166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.277711, "energy": 56.630877, "activity_lines": [ 29.222991, 29.127771, 28.579418, 27.985073 ] }, { "date": "2024-04-19", "close": 28.250251, "volume": 19087789, "typical_volume": 7668285.55, "trend": 27.14865, "fair_value": 26.162901, "relative_strength": -3.445793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.992298, "energy": 38.106658, "activity_lines": [ 28.861508, 29.016519, 28.586745, 28.062827 ] }, { "date": "2024-04-26", "close": 29.144544, "volume": 6525390, "typical_volume": 7596995.0, "trend": 27.298055, "fair_value": 26.157529, "relative_strength": -2.691184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.640138, "energy": 28.846449, "activity_lines": [ 28.870922, 29.055201, 28.673498, 28.191595 ] }, { "date": "2024-05-03", "close": 29.135131, "volume": 7975837, "typical_volume": 7628961.95, "trend": 27.450598, "fair_value": 26.147323, "relative_strength": -2.999349, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.039857, "energy": 25.557997, "activity_lines": [ 28.897908, 29.067353, 28.750562, 28.310116 ] }, { "date": "2024-05-10", "close": 30.293005, "volume": 3432842, "typical_volume": 7521705.6, "trend": 27.654601, "fair_value": 26.144873, "relative_strength": -0.76657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.254967, "energy": 47.761306, "activity_lines": [ 29.361057, 29.277533, 28.930362, 28.493497 ] }, { "date": "2024-05-17", "close": 30.518932, "volume": 5465164, "typical_volume": 7599667.0, "trend": 27.88151, "fair_value": 26.143038, "relative_strength": -1.410975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.371312, "energy": 67.757725, "activity_lines": [ 29.847427, 29.504829, 29.119755, 28.678292 ] }, { "date": "2024-05-24", "close": 30.387141, "volume": 4182682, "typical_volume": 7520139.05, "trend": 28.117204, "fair_value": 26.139192, "relative_strength": -1.645532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.048052, "energy": 78.592635, "activity_lines": [ 30.153684, 29.68403, 29.284359, 28.839946 ] }, { "date": "2024-05-31", "close": 30.180042, "volume": 4368201, "typical_volume": 7423211.4, "trend": 28.302694, "fair_value": 26.131465, "relative_strength": -1.773248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.731049, "energy": 77.56389, "activity_lines": [ 30.248447, 29.806578, 29.41467, 28.973032 ] }, { "date": "2024-06-07", "close": 30.076492, "volume": 5320224, "typical_volume": 7295740.1, "trend": 28.478771, "fair_value": 26.123157, "relative_strength": -3.156529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.167832, "energy": 70.873961, "activity_lines": [ 30.239661, 29.89712, 29.522389, 29.087471 ] }, { "date": "2024-06-14", "close": 28.94707, "volume": 6695840, "typical_volume": 7243222.65, "trend": 28.565428, "fair_value": 26.114609, "relative_strength": -8.017445, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.000986, "energy": 33.098806, "activity_lines": [ 29.791644, 29.778889, 29.508826, 29.117684 ] }, { "date": "2024-06-21", "close": 29.111048, "volume": 4258477, "typical_volume": 7024338.7, "trend": 28.650335, "fair_value": 26.103499, "relative_strength": -7.841043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.876748, "energy": 17.947121, "activity_lines": [ 29.488015, 29.700738, 29.504784, 29.152885 ] }, { "date": "2024-06-28", "close": 29.535464, "volume": 6358149, "typical_volume": 7034986.75, "trend": 28.733387, "fair_value": 26.096352, "relative_strength": -6.2222, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.0381, "energy": 20.307684, "activity_lines": [ 29.419717, 29.688211, 29.533566, 29.20999 ] }, { "date": "2024-07-05", "close": 30.201025, "volume": 2803450, "typical_volume": 6805938.0, "trend": 28.830152, "fair_value": 26.092794, "relative_strength": -5.728889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.947697, "energy": 23.313577, "activity_lines": [ 29.63005, 29.773327, 29.616298, 29.304677 ] }, { "date": "2024-07-12", "close": 30.789419, "volume": 3515723, "typical_volume": 6741518.25, "trend": 28.938058, "fair_value": 26.096451, "relative_strength": -4.585577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.310063, "energy": 38.819681, "activity_lines": [ 30.035117, 29.946215, 29.743536, 29.431081 ] }, { "date": "2024-07-19", "close": 29.776609, "volume": 2844664, "typical_volume": 6452797.75, "trend": 29.004312, "fair_value": 26.092035, "relative_strength": -5.648867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.737319, "energy": 35.370538, "activity_lines": [ 30.055051, 29.904877, 29.763167, 29.485181 ] }, { "date": "2024-07-26", "close": 30.201025, "volume": 1958548, "typical_volume": 6144817.95, "trend": 29.079379, "fair_value": 26.090735, "relative_strength": -3.310562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.977179, "energy": 45.657794, "activity_lines": [ 30.161155, 29.950096, 29.819401, 29.562388 ] }, { "date": "2024-08-02", "close": 29.072465, "volume": 5075058, "typical_volume": 6029067.7, "trend": 29.137537, "fair_value": 26.080959, "relative_strength": -4.724323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.142444, "energy": 19.106484, "activity_lines": [ 29.818408, 29.795901, 29.763347, 29.561942 ] }, { "date": "2024-08-09", "close": 29.091757, "volume": 6605298, "typical_volume": 6052206.8, "trend": 29.190377, "fair_value": 26.067919, "relative_strength": -4.496699, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.369458, "energy": 9.760239, "activity_lines": [ 29.512957, 29.669118, 29.710414, 29.558989 ] }, { "date": "2024-08-16", "close": 30.287837, "volume": 2740871, "typical_volume": 5970706.75, "trend": 29.29344, "fair_value": 26.066667, "relative_strength": -4.221528, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.70485, "energy": 18.76905, "activity_lines": [ 29.680151, 29.779591, 29.773125, 29.629793 ] }, { "date": "2024-08-23", "close": 31.271709, "volume": 2514929, "typical_volume": 5564676.95, "trend": 29.413611, "fair_value": 26.069408, "relative_strength": -2.361783, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.033023, "energy": 31.76678, "activity_lines": [ 30.208741, 30.065106, 29.927635, 29.757423 ] }, { "date": "2024-08-30", "close": 31.474271, "volume": 2302845, "typical_volume": 5201599.05, "trend": 29.545553, "fair_value": 26.072882, "relative_strength": -1.914294, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.309612, "energy": 66.44263, "activity_lines": [ 30.705179, 30.345186, 30.093055, 29.890369 ] }, { "date": "2024-09-06", "close": 30.55792, "volume": 1785793, "typical_volume": 4336499.25, "trend": 29.645696, "fair_value": 26.074096, "relative_strength": -0.608709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.39037, "energy": 64.144802, "activity_lines": [ 30.811283, 30.415688, 30.156928, 29.955683 ] }, { "date": "2024-09-13", "close": 31.252418, "volume": 2173146, "typical_volume": 4118887.05, "trend": 29.761457, "fair_value": 26.082246, "relative_strength": -2.16569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.426052, "energy": 71.932057, "activity_lines": [ 31.049856, 30.593872, 30.275953, 30.059342 ] }, { "date": "2024-09-20", "close": 31.532146, "volume": 2015931, "typical_volume": 3820891.75, "trend": 29.864264, "fair_value": 26.092584, "relative_strength": -2.55078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.635117, "energy": 70.162179, "activity_lines": [ 31.237628, 30.8038, 30.411583, 30.17358 ] }, { "date": "2024-09-27", "close": 32.728226, "volume": 2577288, "typical_volume": 3778114.05, "trend": 29.989369, "fair_value": 26.116404, "relative_strength": 0.61669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.472126, "energy": 75.361406, "activity_lines": [ 31.741139, 31.217693, 30.64971, 30.358352 ] }, { "date": "2024-10-04", "close": 31.908333, "volume": 2722677, "typical_volume": 3640989.7, "trend": 30.079926, "fair_value": 26.136155, "relative_strength": -2.087614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.768474, "energy": 69.580203, "activity_lines": [ 31.874251, 31.428848, 30.798156, 30.482156 ] }, { "date": "2024-10-11", "close": 32.014437, "volume": 1465150, "typical_volume": 3505113.1, "trend": 30.168999, "fair_value": 26.151504, "relative_strength": -2.830024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.547923, "energy": 68.792247, "activity_lines": [ 32.013794, 31.628254, 30.950091, 30.606963 ] }, { "date": "2024-10-18", "close": 32.178415, "volume": 3280256, "typical_volume": 3450715.85, "trend": 30.259774, "fair_value": 26.167058, "relative_strength": -3.103264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.022766, "energy": 70.899082, "activity_lines": [ 32.110895, 31.803983, 31.109894, 30.736603 ] }, { "date": "2024-10-25", "close": 31.561084, "volume": 2888495, "typical_volume": 3329129.4, "trend": 30.315536, "fair_value": 26.178711, "relative_strength": -3.952462, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.007883, "energy": 45.851401, "activity_lines": [ 31.940486, 31.811349, 31.201387, 30.820558 ] }, { "date": "2024-11-01", "close": 31.291001, "volume": 2143515, "typical_volume": 3101513.15, "trend": 30.374847, "fair_value": 26.184341, "relative_strength": -3.355212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.625308, "energy": 33.251624, "activity_lines": [ 31.67812, 31.746459, 31.260089, 30.883492 ] }, { "date": "2024-11-08", "close": 30.963043, "volume": 3233401, "typical_volume": 3050259.35, "trend": 30.457742, "fair_value": 26.190241, "relative_strength": -8.54497, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.595869, "energy": 20.618219, "activity_lines": [ 31.402249, 31.621589, 31.276394, 30.92144 ] }, { "date": "2024-11-15", "close": 30.461461, "volume": 4571154, "typical_volume": 2960909.6, "trend": 30.531449, "fair_value": 26.194732, "relative_strength": -7.889202, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.726398, "energy": 19.504198, "activity_lines": [ 31.022204, 31.414818, 31.236112, 30.92168 ] }, { "date": "2024-11-22", "close": 30.297483, "volume": 3694479, "typical_volume": 3005461.05, "trend": 30.56988, "fair_value": 26.208447, "relative_strength": -9.632356, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.89351, "energy": 21.372693, "activity_lines": [ 30.691032, 31.179986, 31.175802, 30.906585 ] }, { "date": "2024-11-29", "close": 31.127022, "volume": 2204821, "typical_volume": 2939915.95, "trend": 30.636277, "fair_value": 26.228327, "relative_strength": -7.989957, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.867041, "energy": 18.847582, "activity_lines": [ 30.761767, 31.113343, 31.194038, 30.94253 ] }, { "date": "2024-12-06", "close": 32.207353, "volume": 7144446, "typical_volume": 3154905.05, "trend": 30.700088, "fair_value": 26.250277, "relative_strength": -5.389287, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.924926, "energy": 18.372286, "activity_lines": [ 31.221551, 31.250489, 31.313554, 31.043889 ] }, { "date": "2024-12-13", "close": 31.946916, "volume": 5167240, "typical_volume": 3315339.65, "trend": 30.747688, "fair_value": 26.273745, "relative_strength": -5.387696, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.930262, "energy": 26.717523, "activity_lines": [ 31.533432, 31.349753, 31.396691, 31.12433 ] }, { "date": "2024-12-20", "close": 30.866585, "volume": 2861984, "typical_volume": 3204685.95, "trend": 30.763669, "fair_value": 26.28588, "relative_strength": -6.646471, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.04034, "energy": 21.095211, "activity_lines": [ 31.419612, 31.251892, 31.368627, 31.132001 ] }, { "date": "2024-12-27", "close": 31.001627, "volume": 2039368, "typical_volume": 2976389.45, "trend": 30.791055, "fair_value": 26.297935, "relative_strength": -6.606999, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.986571, "energy": 19.621987, "activity_lines": [ 31.323797, 31.199453, 31.34488, 31.147353 ] }, { "date": "2025-01-03", "close": 30.548274, "volume": 3322961, "typical_volume": 3005493.95, "trend": 30.806781, "fair_value": 26.305204, "relative_strength": -7.255805, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.990273, "energy": 5.769317, "activity_lines": [ 31.029921, 31.085984, 31.268862, 31.13169 ] }, { "date": "2025-01-10", "close": 30.895523, "volume": 4835010, "typical_volume": 3121498.0, "trend": 30.87173, "fair_value": 26.31339, "relative_strength": -4.176897, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.97613, "energy": 15.449424, "activity_lines": [ 30.890379, 31.054065, 31.224675, 31.137415 ] }, { "date": "2025-01-17", "close": 31.975853, "volume": 4344599, "typical_volume": 3223585.7, "trend": 30.967223, "fair_value": 26.335505, "relative_strength": -3.542697, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.857131, "energy": 13.622693, "activity_lines": [ 31.198401, 31.22576, 31.285168, 31.208649 ] }, { "date": "2025-01-24", "close": 33.335912, "volume": 3438478, "typical_volume": 3306219.95, "trend": 31.093905, "fair_value": 26.369926, "relative_strength": -1.067348, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.008254, "energy": 53.044114, "activity_lines": [ 31.957848, 31.626324, 31.472801, 31.361467 ] }, { "date": "2025-01-31", "close": 33.403433, "volume": 4472822, "typical_volume": 3421203.75, "trend": 31.200652, "fair_value": 26.401933, "relative_strength": 0.176329, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.440842, "energy": 73.368049, "activity_lines": [ 32.575179, 31.986902, 31.653637, 31.510469 ] }, { "date": "2025-02-07", "close": 33.413079, "volume": 6488967, "typical_volume": 3644855.55, "trend": 31.288107, "fair_value": 26.436336, "relative_strength": 0.382582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.962197, "energy": 78.279038, "activity_lines": [ 33.035606, 32.292762, 31.825149, 31.653206 ] }, { "date": "2025-02-14", "close": 35.130032, "volume": 6317659, "typical_volume": 3831874.1, "trend": 31.466555, "fair_value": 26.483853, "relative_strength": 3.948379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.254672, "energy": 91.147342, "activity_lines": [ 33.877363, 32.86923, 32.151223, 31.901072 ] }, { "date": "2025-02-21", "close": 34.638096, "volume": 6950692, "typical_volume": 4043274.85, "trend": 31.614457, "fair_value": 26.534594, "relative_strength": 4.123961, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.147064, "energy": 86.901246, "activity_lines": [ 34.272842, 33.303116, 32.419009, 32.105688 ] }, { "date": "2025-02-28", "close": 34.792429, "volume": 8667033, "typical_volume": 4403369.0, "trend": 31.805122, "fair_value": 26.610186, "relative_strength": 5.552972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.519216, "energy": 84.955019, "activity_lines": [ 34.542281, 33.716132, 32.688495, 32.310718 ] }, { "date": "2025-03-07", "close": 37.435381, "volume": 22208654, "typical_volume": 5349788.9, "trend": 32.083243, "fair_value": 26.69805, "relative_strength": 16.879313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.874282, "energy": 95.761284, "activity_lines": [ 35.595603, 34.538306, 33.196461, 32.673961 ] }, { "date": "2025-03-14", "close": 37.25211, "volume": 20096908, "typical_volume": 6210209.55, "trend": 32.315386, "fair_value": 26.77221, "relative_strength": 18.684717, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.529549, "energy": 90.591199, "activity_lines": [ 36.319039, 35.21018, 33.66194, 33.007436 ] }, { "date": "2025-03-21", "close": 36.740882, "volume": 24881230, "typical_volume": 7347095.3, "trend": 32.497692, "fair_value": 26.846511, "relative_strength": 16.146922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.343032, "energy": 84.969216, "activity_lines": [ 36.61613, 35.667216, 34.051631, 33.292952 ] }, { "date": "2025-03-28", "close": 36.065676, "volume": 20208464, "typical_volume": 8195848.45, "trend": 32.650738, "fair_value": 26.914774, "relative_strength": 15.440887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.339937, "energy": 76.656663, "activity_lines": [ 36.580762, 35.895208, 34.351065, 33.523145 ] }, { "date": "2025-04-04", "close": 33.104413, "volume": 25474122, "typical_volume": 9240996.85, "trend": 32.735621, "fair_value": 26.969295, "relative_strength": 16.214717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.225731, "energy": 38.665005, "activity_lines": [ 35.463134, 35.510428, 34.344175, 33.552414 ] }, { "date": "2025-04-11", "close": 35.081803, "volume": 34012538, "typical_volume": 10756899.8, "trend": 32.863268, "fair_value": 27.039452, "relative_strength": 16.179128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.940377, "energy": 26.129923, "activity_lines": [ 35.117171, 35.489383, 34.513022, 33.70378 ] }, { "date": "2025-04-18", "close": 36.075322, "volume": 14510529, "typical_volume": 11372185.2, "trend": 33.014707, "fair_value": 27.116434, "relative_strength": 20.736762, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.514369, "energy": 25.167341, "activity_lines": [ 35.259286, 35.618461, 34.753708, 33.91101 ] }, { "date": "2025-04-25", "close": 37.9659, "volume": 13624319, "typical_volume": 11696178.85, "trend": 33.189296, "fair_value": 27.211685, "relative_strength": 21.026807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.345045, "energy": 39.586398, "activity_lines": [ 36.110047, 36.042877, 35.150886, 34.230442 ] }, { "date": "2025-05-02", "close": 38.911189, "volume": 12432069, "typical_volume": 12059420.3, "trend": 33.422724, "fair_value": 27.316355, "relative_strength": 20.068428, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.03938, "energy": 63.289818, "activity_lines": [ 37.194235, 36.587602, 35.610669, 34.599596 ] }, { "date": "2025-05-09", "close": 39.325959, "volume": 12634309, "typical_volume": 12548036.55, "trend": 33.666442, "fair_value": 27.421634, "relative_strength": 21.428217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.196519, "energy": 83.713702, "activity_lines": [ 38.22698, 37.130047, 36.076791, 34.98045 ] }, { "date": "2025-05-16", "close": 39.403125, "volume": 13933999, "typical_volume": 13142768.1, "trend": 33.907266, "fair_value": 27.525642, "relative_strength": 15.245869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.436424, "energy": 87.144817, "activity_lines": [ 38.870677, 37.604094, 36.50998, 35.350558 ] }, { "date": "2025-05-23", "close": 39.798603, "volume": 16873696, "typical_volume": 13820304.85, "trend": 34.181849, "fair_value": 27.624954, "relative_strength": 19.014047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.497697, "energy": 87.483988, "activity_lines": [ 39.358111, 38.11427, 36.940826, 35.730645 ] }, { "date": "2025-05-30", "close": 40.483456, "volume": 7243705, "typical_volume": 13940739.6, "trend": 34.488265, "fair_value": 27.728598, "relative_strength": 18.526827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.432401, "energy": 87.717171, "activity_lines": [ 39.825612, 38.702664, 37.392847, 36.1372 ] }, { "date": "2025-06-06", "close": 41.013975, "volume": 12712021, "typical_volume": 14359110.7, "trend": 34.823296, "fair_value": 27.845735, "relative_strength": 17.680082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.318144, "energy": 87.647316, "activity_lines": [ 40.302114, 39.31947, 37.849737, 36.558214 ] }, { "date": "2025-06-13", "close": 40.039749, "volume": 20180894, "typical_volume": 15196231.5, "trend": 35.142572, "fair_value": 27.963438, "relative_strength": 14.800914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.727909, "energy": 71.937241, "activity_lines": [ 40.31369, 39.669174, 38.170804, 36.894759 ] }, { "date": "2025-06-20", "close": 39.553857, "volume": 16541136, "typical_volume": 15799647.2, "trend": 35.451118, "fair_value": 28.0765, "relative_strength": 13.128689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.225512, "energy": 59.643806, "activity_lines": [ 40.115715, 39.804438, 38.413674, 37.179358 ] }, { "date": "2025-06-27", "close": 41.47566, "volume": 14006634, "typical_volume": 16175530.55, "trend": 35.796072, "fair_value": 28.207164, "relative_strength": 14.178753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.806526, "energy": 62.235179, "activity_lines": [ 40.548292, 40.20781, 38.810284, 37.568038 ] }, { "date": "2025-07-04", "close": 41.387414, "volume": 6804540, "typical_volume": 16199874.6, "trend": 36.102074, "fair_value": 28.339494, "relative_strength": 11.633716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.001817, "energy": 62.657908, "activity_lines": [ 40.83965, 40.496949, 39.160097, 37.92877 ] }, { "date": "2025-07-11", "close": 41.622737, "volume": 9200124, "typical_volume": 16312346.2, "trend": 36.424602, "fair_value": 28.476972, "relative_strength": 12.17499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.992098, "energy": 70.536961, "activity_lines": [ 41.149186, 40.766665, 39.502524, 38.284942 ] }, { "date": "2025-07-18", "close": 41.308973, "volume": 9298308, "typical_volume": 16343909.95, "trend": 36.772681, "fair_value": 28.607214, "relative_strength": 10.238182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.971015, "energy": 76.399991, "activity_lines": [ 41.313549, 40.930032, 39.781809, 38.600062 ] }, { "date": "2025-07-25", "close": 41.975721, "volume": 13017219, "typical_volume": 15884338.2, "trend": 37.138485, "fair_value": 28.737855, "relative_strength": 9.999114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.307979, "energy": 84.459159, "activity_lines": [ 41.615546, 41.178572, 40.093562, 38.935742 ] }, { "date": "2025-08-01", "close": 39.955867, "volume": 17527855, "typical_volume": 15755885.55, "trend": 37.452071, "fair_value": 28.855372, "relative_strength": 6.985899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.046333, "energy": 53.215061, "activity_lines": [ 41.082802, 41.01309, 40.191328, 39.117509 ] }, { "date": "2025-08-08", "close": 41.514881, "volume": 8858577, "typical_volume": 14954752.9, "trend": 37.80605, "fair_value": 28.979419, "relative_strength": 8.120758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.320113, "energy": 49.103297, "activity_lines": [ 41.171048, 41.128207, 40.424696, 39.379626 ] }, { "date": "2025-08-15", "close": 41.750204, "volume": 8019231, "typical_volume": 14345291.25, "trend": 38.131861, "fair_value": 29.112079, "relative_strength": 7.34804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.875711, "energy": 47.777258, "activity_lines": [ 41.329237, 41.267356, 40.657743, 39.634087 ] }, { "date": "2025-08-22", "close": 41.828645, "volume": 7436189, "typical_volume": 13443394.6, "trend": 38.414952, "fair_value": 29.253225, "relative_strength": 6.948924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.258514, "energy": 44.985419, "activity_lines": [ 41.505076, 41.407381, 40.871191, 39.872589 ] }, { "date": "2025-08-29", "close": 41.063845, "volume": 9840560, "typical_volume": 12234795.7, "trend": 38.670299, "fair_value": 29.391113, "relative_strength": 4.798717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.940655, "energy": 43.313789, "activity_lines": [ 41.391336, 41.375826, 40.970257, 40.043486 ] }, { "date": "2025-09-05", "close": 40.534369, "volume": 10147378, "typical_volume": 12016638.15, "trend": 38.907676, "fair_value": 29.519325, "relative_strength": 2.922355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.183738, "energy": 31.405309, "activity_lines": [ 41.161897, 41.220549, 40.990411, 40.163748 ] }, { "date": "2025-09-12", "close": 40.504953, "volume": 9831307, "typical_volume": 11826987.55, "trend": 39.08684, "fair_value": 29.652103, "relative_strength": 1.086867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.180133, "energy": 21.162528, "activity_lines": [ 40.884085, 41.077038, 40.98653, 40.266798 ] }, { "date": "2025-09-19", "close": 40.416707, "volume": 19189916, "typical_volume": 12164879.9, "trend": 39.27946, "fair_value": 29.793416, "relative_strength": -0.512384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.333244, "energy": 16.914885, "activity_lines": [ 40.644186, 40.933526, 40.962153, 40.352596 ] }, { "date": "2025-09-26", "close": 40.397097, "volume": 13850957, "typical_volume": 12225712.3, "trend": 39.466282, "fair_value": 29.936482, "relative_strength": -0.374453, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.944921, "energy": 16.968189, "activity_lines": [ 40.48665, 40.808377, 40.92874, 40.424702 ] }, { "date": "2025-10-03", "close": 41.603127, "volume": 10943314, "typical_volume": 12076178.05, "trend": 39.605207, "fair_value": 30.085811, "relative_strength": 1.282273, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.255293, "energy": 16.083218, "activity_lines": [ 40.826561, 40.919086, 41.005086, 40.562563 ] }, { "date": "2025-10-10", "close": 40.710861, "volume": 10624444, "typical_volume": 11763715.45, "trend": 39.720499, "fair_value": 30.228774, "relative_strength": 1.362848, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.119534, "energy": 10.378674, "activity_lines": [ 40.833098, 40.874339, 40.985979, 40.633895 ] }, { "date": "2025-10-17", "close": 40.573589, "volume": 12721391, "typical_volume": 12037599.75, "trend": 39.848256, "fair_value": 30.364458, "relative_strength": -0.873821, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.600312, "energy": 9.48307, "activity_lines": [ 40.782111, 40.790906, 40.949453, 40.688933 ] }, { "date": "2025-10-24", "close": 40.779497, "volume": 10703184, "typical_volume": 11937157.9, "trend": 40.005383, "fair_value": 30.495768, "relative_strength": -2.416329, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.636349, "energy": 15.151186, "activity_lines": [ 40.795185, 40.762026, 40.932109, 40.749013 ] }, { "date": "2025-10-31", "close": 39.936256, "volume": 9806608, "typical_volume": 11418443.6, "trend": 40.233111, "fair_value": 30.620792, "relative_strength": -5.199483, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.596607, "energy": 9.536522, "activity_lines": [ 40.502992, 40.597478, 40.835573, 40.744554 ] }, { "date": "2025-11-07", "close": 39.691128, "volume": 15349473, "typical_volume": 11358860.45, "trend": 40.386756, "fair_value": 30.729449, "relative_strength": -4.425462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.927358, "energy": 36.009141, "activity_lines": [ 40.159813, 40.422769, 40.716184, 40.709587 ] }, { "date": "2025-11-14", "close": 40.063723, "volume": 11409568, "typical_volume": 11229007.15, "trend": 40.519702, "fair_value": 30.839908, "relative_strength": -3.874897, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.753435, "energy": 41.482674, "activity_lines": [ 40.068299, 40.340762, 40.631626, 40.688746 ] }, { "date": "2025-11-21", "close": 38.632175, "volume": 9350099, "typical_volume": 11356285.1, "trend": 40.541911, "fair_value": 30.939253, "relative_strength": -5.703638, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.406226, "energy": 62.865933, "activity_lines": [ 39.542744, 40.007031, 40.417454, 40.56697 ] }, { "date": "2025-11-28", "close": 40.122554, "volume": 5811511, "typical_volume": 11186854.45, "trend": 40.58229, "fair_value": 31.045334, "relative_strength": -5.744142, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.197735, "energy": 57.483624, "activity_lines": [ 39.64341, 39.978329, 40.358343, 40.539915 ] }, { "date": "2025-12-05", "close": 40.603005, "volume": 10151990, "typical_volume": 11229538.55, "trend": 40.624858, "fair_value": 31.157313, "relative_strength": -5.099022, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -49.400403, "energy": 30.098487, "activity_lines": [ 39.948023, 40.04233, 40.352134, 40.541251 ] }, { "date": "2025-12-12", "close": 41.357999, "volume": 10027231, "typical_volume": 11080039.15, "trend": 40.690021, "fair_value": 31.277958, "relative_strength": -2.990914, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.478423, "energy": 8.37546, "activity_lines": [ 40.45985, 40.239859, 40.42119, 40.588551 ] }, { "date": "2025-12-19", "close": 41.279558, "volume": 11625966, "typical_volume": 10784944.7, "trend": 40.739386, "fair_value": 31.397336, "relative_strength": -3.523235, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.683691, "energy": 18.020309, "activity_lines": [ 40.834406, 40.427582, 40.485717, 40.626585 ] }, { "date": "2025-12-26", "close": 41.81884, "volume": 5096768, "typical_volume": 10596854.25, "trend": 40.783899, "fair_value": 31.520171, "relative_strength": -3.870383, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.515542, "energy": 32.166298, "activity_lines": [ 41.307666, 40.703017, 40.595301, 40.696228 ] }, { "date": "2026-01-02", "close": 41.730593, "volume": 8965601, "typical_volume": 10644172.75, "trend": 40.807786, "fair_value": 31.632868, "relative_strength": -3.332435, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.925959, "energy": 45.601519, "activity_lines": [ 41.539067, 40.939766, 40.695033, 40.757305 ] }, { "date": "2026-01-09", "close": 42.564029, "volume": 12522427, "typical_volume": 10898484.65, "trend": 40.891929, "fair_value": 31.742509, "relative_strength": -3.170633, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.495391, "energy": 64.506453, "activity_lines": [ 41.941077, 41.310756, 40.874233, 40.870611 ] }, { "date": "2026-01-16", "close": 42.495393, "volume": 12954282, "typical_volume": 11054170.75, "trend": 40.98998, "fair_value": 31.851828, "relative_strength": -3.204611, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.057783, "energy": 64.869197, "activity_lines": [ 42.189473, 41.621489, 41.043395, 40.97406 ] }, { "date": "2026-01-23", "close": 42.632665, "volume": 12199973, "typical_volume": 11156800.5, "trend": 41.028547, "fair_value": 31.960735, "relative_strength": -2.737626, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.918361, "energy": 71.484195, "activity_lines": [ 42.407801, 41.906194, 41.218813, 41.08004 ] }, { "date": "2026-01-30", "close": 42.269875, "volume": 14758060, "typical_volume": 11403138.15, "trend": 41.057962, "fair_value": 32.064791, "relative_strength": -4.090198, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.885476, "energy": 63.059585, "activity_lines": [ 42.414991, 42.07823, 41.349688, 41.160125 ] }, { "date": "2026-02-06", "close": 42.68169, "volume": 10026994, "typical_volume": 10944992.05, "trend": 41.093261, "fair_value": 32.175304, "relative_strength": -3.128343, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.576155, "energy": 55.164218, "activity_lines": [ 42.529384, 42.259, 41.511379, 41.264882 ] }, { "date": "2026-02-13", "close": 43.113115, "volume": 6549399, "typical_volume": 10579914.15, "trend": 41.153399, "fair_value": 32.286351, "relative_strength": -1.023621, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.953387, "energy": 54.453892, "activity_lines": [ 42.724179, 42.471682, 41.703373, 41.395195 ] }, { "date": "2026-02-20", "close": 43.456295, "volume": 3876650, "typical_volume": 10226580.95, "trend": 41.202751, "fair_value": 32.406116, "relative_strength": -1.484106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.432482, "energy": 65.863121, "activity_lines": [ 42.996761, 42.701122, 41.915117, 41.543769 ] }, { "date": "2026-02-27", "close": 43.475905, "volume": 5887214, "typical_volume": 9989719.45, "trend": 41.320086, "fair_value": 32.520722, "relative_strength": -1.068387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.485041, "energy": 73.881204, "activity_lines": [ 43.21182, 42.895977, 42.119903, 41.690424 ] }, { "date": "2026-03-06", "close": 40.024502, "volume": 16407161, "typical_volume": 10174007.95, "trend": 41.270406, "fair_value": 32.616962, "relative_strength": -6.904414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.355825, "energy": 16.452385, "activity_lines": [ 42.220196, 42.42337, 41.982819, 41.606838 ] }, { "date": "2026-03-13", "close": 39.063601, "volume": 17102323, "typical_volume": 10493964.9, "trend": 41.180853, "fair_value": 32.712093, "relative_strength": -7.533199, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -23.157738, "energy": 26.211308, "activity_lines": [ 41.057962, 41.808678, 41.756834, 41.464464 ] }, { "date": "2026-03-20", "close": 37.455561, "volume": 18236124, "typical_volume": 10915440.7, "trend": 41.035084, "fair_value": 32.792981, "relative_strength": -9.492626, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.564819, "energy": 49.565916, "activity_lines": [ 39.600921, 40.950106, 41.385873, 41.224122 ] }, { "date": "2026-03-27", "close": 37.337899, "volume": 17205569, "typical_volume": 11008245.5, "trend": 40.910885, "fair_value": 32.865187, "relative_strength": -7.528046, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.535315, "energy": 57.077661, "activity_lines": [ 38.48183, 40.163022, 41.01552, 40.985594 ] }, { "date": "2026-04-03", "close": 39.122431, "volume": 14439632, "typical_volume": 11159748.7, "trend": 40.863821, "fair_value": 32.948127, "relative_strength": -6.132745, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.514692, "energy": 68.557312, "activity_lines": [ 38.365476, 39.794171, 40.826328, 40.87021 ] }, { "date": "2026-04-10", "close": 40.789302, "volume": 13881209, "typical_volume": 11386304.2, "trend": 40.873299, "fair_value": 33.038464, "relative_strength": -5.352927, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.174788, "energy": 63.00608, "activity_lines": [ 39.094977, 39.79221, 40.800368, 40.865402 ] }, { "date": "2026-04-17", "close": 42.348316, "volume": 7674321, "typical_volume": 11479444.7, "trend": 40.937686, "fair_value": 33.138089, "relative_strength": -5.703865, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.12819, "energy": 9.461235, "activity_lines": [ 40.293163, 40.100626, 40.912613, 40.960565 ] }, { "date": "2026-04-24", "close": 41.524686, "volume": 10615241, "typical_volume": 11502607.25, "trend": 40.975272, "fair_value": 33.231554, "relative_strength": -7.705048, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.096273, "energy": 15.887233, "activity_lines": [ 40.997824, 40.265352, 40.935818, 40.998436 ] }, { "date": "2026-05-01", "close": 41.505076, "volume": 8732933, "typical_volume": 11437892.35, "trend": 40.972004, "fair_value": 33.324365, "relative_strength": -8.275926, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.936649, "energy": 22.012421, "activity_lines": [ 41.424674, 40.455393, 40.952767, 41.032616 ] }, { "date": "2026-05-08", "close": 41.81884, "volume": 8675024, "typical_volume": 11290345.25, "trend": 41.008937, "fair_value": 33.423004, "relative_strength": -9.325764, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.953932, "energy": 22.776033, "activity_lines": [ 41.6783, 40.737959, 40.998898, 41.087251 ] }, { "date": "2026-05-15", "close": 40.563784, "volume": 4485360, "typical_volume": 11259774.85, "trend": 41.00861, "fair_value": 33.510838, "relative_strength": -11.901017, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.971554, "energy": 10.814753, "activity_lines": [ 41.333813, 40.822461, 40.922932, 41.058532 ] }, { "date": "2026-05-22", "close": 42.073773, "volume": 7431674, "typical_volume": 11183078.5, "trend": 41.051752, "fair_value": 33.612697, "relative_strength": -9.046988, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.931234, "energy": 16.9549, "activity_lines": [ 41.507691, 41.171702, 40.99675, 41.127252 ] }, { "date": "2026-05-29", "close": 42.583639, "volume": 3509647, "typical_volume": 10732439.5, "trend": 41.139998, "fair_value": 33.717649, "relative_strength": -8.891579, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.19314, "energy": 20.493521, "activity_lines": [ 41.869826, 41.558915, 41.117493, 41.226083 ] }, { "date": "2026-06-05", "close": 41.289363, "volume": 5031318, "typical_volume": 10336291.3, "trend": 41.193273, "fair_value": 33.814819, "relative_strength": -9.017935, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.792915, "energy": 14.442409, "activity_lines": [ 41.72994, 41.617567, 41.114879, 41.23572 ] }, { "date": "2026-06-12", "close": 41.485465, "volume": 7308609, "typical_volume": 10091723.1, "trend": 41.240664, "fair_value": 33.906306, "relative_strength": -8.763865, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.970148, "energy": 16.796031, "activity_lines": [ 41.669802, 41.64003, 41.136683, 41.254571 ] }, { "date": "2026-06-19", "close": 41.52, "volume": 4804532, "typical_volume": 9594046.7, "trend": 41.336925, "fair_value": 34.003929, "relative_strength": -9.19652, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.459243, "energy": 10.389398, "activity_lines": [ 41.6434, 41.625807, 41.16724, 41.272592 ] }, { "date": "2026-06-26", "close": 40.63, "volume": 5646400, "typical_volume": 9375017.0, "trend": 41.35384, "fair_value": 34.091985, "relative_strength": -8.621771, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.282301, "energy": 9.981342, "activity_lines": [ 41.256584, 41.436481, 41.116605, 41.226984 ] }, { "date": "2026-07-03", "close": 42.31, "volume": 3179726, "typical_volume": 9206533.35, "trend": 41.41074, "fair_value": 34.19618, "relative_strength": -6.563057, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.642703, "energy": 4.137083, "activity_lines": [ 41.52602, 41.583851, 41.235741, 41.288672 ] }, { "date": "2026-07-10", "close": 41.49, "volume": 7446647, "typical_volume": 9385033.2, "trend": 41.41514, "fair_value": 34.285887, "relative_strength": -9.248736, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.012158, "energy": 3.807427, "activity_lines": [ 41.540364, 41.567853, 41.280605, 41.293786 ] }, { "date": "2026-07-17", "close": 41.16, "volume": 2836526, "typical_volume": 9232498.8, "trend": 41.411155, "fair_value": 34.374142, "relative_strength": -8.232603, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.683632, "energy": 2.970294, "activity_lines": [ 41.431333, 41.492128, 41.303405, 41.277325 ] }, { "date": "2026-07-24", "close": 41.12, "volume": 5012052, "typical_volume": 8662743.35, "trend": 41.38786, "fair_value": 34.46021, "relative_strength": -7.457436, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.232846, "energy": 3.814483, "activity_lines": [ 41.330667, 41.421109, 41.333423, 41.258541 ] }, { "date": "2026-07-31", "close": 42.85, "volume": 7890193, "typical_volume": 8202136.85, "trend": 41.425173, "fair_value": 34.564548, "relative_strength": -4.376716, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.982636, "energy": 22.319742, "activity_lines": [ 41.833333, 41.654523, 41.522986, 41.352872 ] }, { "date": "2026-08-07", "close": 44.02, "volume": 4099863, "typical_volume": 7495323.8, "trend": 41.473706, "fair_value": 34.67711, "relative_strength": -4.825026, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.821213, "energy": 61.067448, "activity_lines": [ 42.578, 42.086551, 41.805947, 41.520281 ] } ], "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." } } }