{ "ticker": { "uuid": "41cee128-224f-4c4d-84c0-7b4c9688fdfb", "symbol": "SXLU", "name": "State Street SPDR S&P U.S. Utilities Select Sector UCITS ETF", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 9.063, "architecture_energy": 5.686, "architecture_maturity": 37.295, "architecture_confidence": 64.089, "architecture_tenure": "Developing", "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": 56.07, "rotation_up": 29.98, "upward_expansion": 64.07, "deceleration": 81.31, "rotation_down": 28.56, "downward_expansion": 16.4 }, "activity_lines": [ 49.390001, 49.709455, 49.420786, 49.389914 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 47.77, "trend_reference": 49.019167, "distance_from_trend": -0.025483, "trend_direction": "Improving", "fair_value": 42.654872, "distance_from_fair_value": 0.119919, "fair_value_direction": "Weakening", "relative_strength": -14.604448, "relative_strength_direction": "Weakening", "price_momentum": 0.046326, "excess_performance": -0.124566, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.025483, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.021084, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.119919, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.038963, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.146044, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.05244, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.046326, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.643123, "read": "Supply-led" } ], "volume": { "latest": 6905, "relative_activity": 0.660895, "balance": 0.643123, "dry_up": 0.745505, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.029541, "annualized_volatility": 0.197528, "from_high_reference": -0.081346, "from_low_reference": 0.101834 }, "levels": { "trend_reference": 49.019167, "fair_value_reference": 42.654872, "structural_low": 45.380001, "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": 31, "median_return": -0.005644, "positive_rate": 0.387097, "directional_follow_through": 0.387097, "median_excess_return": 0.011874, "regime_survival": 0.709677, "best_return": 0.136889, "worst_return": -0.165703, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.002626, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.021476, "regime_survival": 0.2, "best_return": 0.138285, "worst_return": -0.08641, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.081118, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.01898, "regime_survival": 0.5, "best_return": 0.203245, "worst_return": -0.058869, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.220847, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.106056, "regime_survival": 0.0, "best_return": 0.296431, "worst_return": -0.072751, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": 0.050806, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-21", "tenure": "Developing", "return": -0.039632, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.08538, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.026111, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-08-01", "tenure": "Developing", "return": 0.042382, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.045951, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": 0.052444, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.025552, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": -0.053017, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": -0.013102, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": 0.085241, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-05-01", "tenure": "Developing", "return": -0.007737, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-08", "end": "2026-07-03", "tenure": "Developing", "return": 0.04648, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.046507, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 34.25, "volume": 7588, "typical_volume": 29022.1, "trend": 35.843833, "fair_value": 34.243365, "relative_strength": -16.458008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.992827, "energy": 66.44697, "activity_lines": [ 34.665666, 34.946818, 35.30881, 35.552785 ] }, { "date": "2023-08-25", "close": 34.759998, "volume": 2873, "typical_volume": 23758.75, "trend": 35.779333, "fair_value": 34.294583, "relative_strength": -15.715453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.587828, "energy": 68.042781, "activity_lines": [ 34.584332, 34.875545, 35.220428, 35.48286 ] }, { "date": "2023-09-01", "close": 34.134998, "volume": 14947, "typical_volume": 22284.45, "trend": 35.713166, "fair_value": 34.339551, "relative_strength": -17.655424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.91218, "energy": 71.638897, "activity_lines": [ 34.381999, 34.713817, 35.083309, 35.376774 ] }, { "date": "2023-09-08", "close": 34.43, "volume": 16851, "typical_volume": 20372.4, "trend": 35.643666, "fair_value": 34.387532, "relative_strength": -14.833301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.979544, "energy": 60.498463, "activity_lines": [ 34.393999, 34.629726, 34.985714, 35.293989 ] }, { "date": "2023-09-15", "close": 35.84, "volume": 3760, "typical_volume": 18735.95, "trend": 35.603333, "fair_value": 34.444551, "relative_strength": -12.491111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.99865, "energy": 17.552964, "activity_lines": [ 34.872999, 34.810454, 35.034143, 35.306656 ] }, { "date": "2023-09-22", "close": 35.240002, "volume": 1882, "typical_volume": 17770.9, "trend": 35.5705, "fair_value": 34.494744, "relative_strength": -12.067391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.971154, "energy": 16.179233, "activity_lines": [ 35.058667, 34.870727, 35.028905, 35.283215 ] }, { "date": "2023-09-29", "close": 33.125, "volume": 19831, "typical_volume": 17356.0, "trend": 35.4795, "fair_value": 34.52609, "relative_strength": -15.534735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.528772, "energy": 35.501222, "activity_lines": [ 34.473334, 34.540273, 34.827381, 35.125441 ] }, { "date": "2023-10-06", "close": 31.23, "volume": 80543, "typical_volume": 20720.7, "trend": 35.338, "fair_value": 34.537949, "relative_strength": -18.350591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.079627, "energy": 67.976887, "activity_lines": [ 33.365334, 33.918818, 34.463452, 34.85128 ] }, { "date": "2023-10-13", "close": 33.32, "volume": 21406, "typical_volume": 20334.0, "trend": 35.236333, "fair_value": 34.562532, "relative_strength": -13.50253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.261914, "energy": 70.224268, "activity_lines": [ 33.147667, 33.761818, 34.320048, 34.721086 ] }, { "date": "2023-10-20", "close": 32.84, "volume": 15174, "typical_volume": 17612.0, "trend": 35.160167, "fair_value": 34.580994, "relative_strength": -11.366496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.638121, "energy": 77.002927, "activity_lines": [ 32.844, 33.536909, 34.138381, 34.566484 ] }, { "date": "2023-10-27", "close": 33.014999, "volume": 36970, "typical_volume": 17844.5, "trend": 35.0565, "fair_value": 34.603333, "relative_strength": -10.025272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.418407, "energy": 71.831874, "activity_lines": [ 32.798666, 33.372909, 33.985405, 34.428086 ] }, { "date": "2023-11-03", "close": 34.41, "volume": 10885, "typical_volume": 17914.4, "trend": 34.969333, "fair_value": 34.633397, "relative_strength": -10.17975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.469699, "energy": 33.630539, "activity_lines": [ 33.366666, 33.485, 33.979428, 34.386376 ] }, { "date": "2023-11-10", "close": 33.365002, "volume": 42656, "typical_volume": 19431.65, "trend": 34.863667, "fair_value": 34.651506, "relative_strength": -11.906794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.875887, "energy": 25.408488, "activity_lines": [ 33.500667, 33.413455, 33.881667, 34.282871 ] }, { "date": "2023-11-17", "close": 33.695, "volume": 22062, "typical_volume": 19686.8, "trend": 34.757, "fair_value": 34.678622, "relative_strength": -13.531808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.923318, "energy": 17.767416, "activity_lines": [ 33.602334, 33.415909, 33.825286, 34.207473 ] }, { "date": "2023-11-24", "close": 33.779999, "volume": 4758, "typical_volume": 18915.95, "trend": 34.664, "fair_value": 34.708622, "relative_strength": -12.560881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.049223, "energy": 18.756725, "activity_lines": [ 33.707333, 33.447182, 33.782714, 34.144441 ] }, { "date": "2023-12-01", "close": 34.235001, "volume": 17590, "typical_volume": 18923.9, "trend": 34.5945, "fair_value": 34.746923, "relative_strength": -12.298631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.731922, "energy": 13.648455, "activity_lines": [ 33.901334, 33.598637, 33.79031, 34.116763 ] }, { "date": "2023-12-08", "close": 34.66, "volume": 9489, "typical_volume": 18306.85, "trend": 34.519167, "fair_value": 34.789808, "relative_strength": -12.003045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.391731, "energy": 8.480772, "activity_lines": [ 34.155667, 33.845637, 33.841548, 34.120989 ] }, { "date": "2023-12-15", "close": 34.794998, "volume": 24968, "typical_volume": 18713.3, "trend": 34.487667, "fair_value": 34.832628, "relative_strength": -10.972792, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.941359, "energy": 12.863396, "activity_lines": [ 34.438333, 34.089273, 33.912357, 34.138785 ] }, { "date": "2023-12-22", "close": 33.825001, "volume": 5010, "typical_volume": 18702.05, "trend": 34.452333, "fair_value": 34.871987, "relative_strength": -12.748137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.263686, "energy": 13.906332, "activity_lines": [ 34.302333, 34.091727, 33.895929, 34.096032 ] }, { "date": "2023-12-29", "close": 34.02, "volume": 24, "typical_volume": 17963.35, "trend": 34.4075, "fair_value": 34.911859, "relative_strength": -11.584218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.427028, "energy": 11.904735, "activity_lines": [ 34.222667, 34.120455, 33.900738, 34.06814 ] }, { "date": "2024-01-05", "close": 35.064999, "volume": 4713, "typical_volume": 17819.6, "trend": 34.376833, "fair_value": 34.95734, "relative_strength": -8.594553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.65942, "energy": 28.038032, "activity_lines": [ 34.475333, 34.317727, 34.007071, 34.110559 ] }, { "date": "2024-01-12", "close": 34.380001, "volume": 6037, "typical_volume": 17977.8, "trend": 34.321667, "fair_value": 34.994295, "relative_strength": -9.989234, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.761443, "energy": 10.005976, "activity_lines": [ 34.444333, 34.353182, 34.044286, 34.110763 ] }, { "date": "2024-01-19", "close": 33.305, "volume": 50802, "typical_volume": 19770.55, "trend": 34.25, "fair_value": 35.026154, "relative_strength": -11.831681, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.164301, "energy": 16.649901, "activity_lines": [ 34.073667, 34.193727, 33.980929, 34.045172 ] }, { "date": "2024-01-26", "close": 33.605, "volume": 24666, "typical_volume": 20161.3, "trend": 34.207, "fair_value": 35.059808, "relative_strength": -10.928602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.159738, "energy": 18.023156, "activity_lines": [ 33.902333, 34.089909, 33.950095, 34.003559 ] }, { "date": "2024-02-02", "close": 34.0, "volume": 26022, "typical_volume": 21274.4, "trend": 34.1665, "fair_value": 35.090192, "relative_strength": -10.552945, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.562661, "energy": 21.73991, "activity_lines": [ 33.877333, 34.059545, 33.96081, 33.990204 ] }, { "date": "2024-02-09", "close": 33.115002, "volume": 12999, "typical_volume": 21830.25, "trend": 34.107, "fair_value": 35.119583, "relative_strength": -13.735602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.016083, "energy": 38.897615, "activity_lines": [ 33.558667, 33.864273, 33.896, 33.922366 ] }, { "date": "2024-02-16", "close": 33.860001, "volume": 64422, "typical_volume": 24059.8, "trend": 34.033333, "fair_value": 35.156635, "relative_strength": -13.032171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.328894, "energy": 31.836345, "activity_lines": [ 33.618334, 33.824819, 33.912262, 33.90643 ] }, { "date": "2024-02-23", "close": 34.09, "volume": 3847, "typical_volume": 20225.0, "trend": 33.973833, "fair_value": 35.201442, "relative_strength": -14.634735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.949587, "energy": 16.508643, "activity_lines": [ 33.789334, 33.841728, 33.946929, 33.910086 ] }, { "date": "2024-03-01", "close": 33.68, "volume": 44624, "typical_volume": 21385.9, "trend": 33.950333, "fair_value": 35.24266, "relative_strength": -15.905923, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.238216, "energy": 19.245938, "activity_lines": [ 33.771334, 33.79691, 33.928929, 33.891129 ] }, { "date": "2024-03-08", "close": 34.615002, "volume": 16125, "typical_volume": 21433.45, "trend": 33.956167, "fair_value": 35.281442, "relative_strength": -14.430111, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.433042, "energy": 13.198619, "activity_lines": [ 34.060001, 33.924728, 33.998262, 33.934011 ] }, { "date": "2024-03-15", "close": 34.584999, "volume": 86877, "typical_volume": 23928.8, "trend": 33.967333, "fair_value": 35.318462, "relative_strength": -15.306347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.227358, "energy": 29.695612, "activity_lines": [ 34.297667, 34.036273, 34.056286, 33.974581 ] }, { "date": "2024-03-22", "close": 35.455002, "volume": 38962, "typical_volume": 25332.65, "trend": 33.9905, "fair_value": 35.355737, "relative_strength": -13.750179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.576619, "energy": 63.700776, "activity_lines": [ 34.727334, 34.314728, 34.189691, 34.070559 ] }, { "date": "2024-03-29", "close": 36.360001, "volume": 6451, "typical_volume": 23522.4, "trend": 34.064667, "fair_value": 35.395641, "relative_strength": -12.178488, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.449976, "energy": 79.975783, "activity_lines": [ 35.352334, 34.738183, 34.40431, 34.223431 ] }, { "date": "2024-04-05", "close": 35.955002, "volume": 30642, "typical_volume": 23951.4, "trend": 34.1155, "fair_value": 35.431442, "relative_strength": -10.833142, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.24639, "energy": 80.204624, "activity_lines": [ 35.691001, 35.032456, 34.566096, 34.345388 ] }, { "date": "2024-04-12", "close": 36.389999, "volume": 41749, "typical_volume": 25800.95, "trend": 34.133834, "fair_value": 35.465769, "relative_strength": -8.749252, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.372018, "energy": 86.608265, "activity_lines": [ 36.023001, 35.363092, 34.758548, 34.492129 ] }, { "date": "2024-04-19", "close": 36.689999, "volume": 16108, "typical_volume": 25726.85, "trend": 34.182167, "fair_value": 35.504039, "relative_strength": -8.054023, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.380362, "energy": 88.161226, "activity_lines": [ 36.336667, 35.704819, 34.967143, 34.657043 ] }, { "date": "2024-04-26", "close": 37.224998, "volume": 15519, "typical_volume": 26028.35, "trend": 34.318833, "fair_value": 35.546506, "relative_strength": -7.206601, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.210835, "energy": 91.313507, "activity_lines": [ 36.688333, 36.078818, 35.215, 34.853355 ] }, { "date": "2024-05-03", "close": 37.889999, "volume": 26059, "typical_volume": 26082.9, "trend": 34.540833, "fair_value": 35.595032, "relative_strength": -3.485743, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.386111, "energy": 93.013152, "activity_lines": [ 37.143666, 36.512545, 35.513976, 35.083753 ] }, { "date": "2024-05-10", "close": 39.735001, "volume": 217536, "typical_volume": 36709.2, "trend": 34.754667, "fair_value": 35.65609, "relative_strength": -1.457932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.17661, "energy": 97.376712, "activity_lines": [ 38.111999, 37.212636, 35.973929, 35.41886 ] }, { "date": "2024-05-17", "close": 39.935001, "volume": 35501, "typical_volume": 38483.05, "trend": 34.991167, "fair_value": 35.719808, "relative_strength": -2.763768, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.528208, "energy": 96.536221, "activity_lines": [ 38.895, 37.839, 36.424786, 35.753076 ] }, { "date": "2024-05-24", "close": 39.564999, "volume": 15816, "typical_volume": 39038.2, "trend": 35.2095, "fair_value": 35.783237, "relative_strength": -0.867632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.867911, "energy": 90.842258, "activity_lines": [ 39.318333, 38.301363, 36.812238, 36.048161 ] }, { "date": "2024-05-31", "close": 39.68, "volume": 10712, "typical_volume": 39271.95, "trend": 35.385167, "fair_value": 35.845769, "relative_strength": -0.323768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.142317, "energy": 89.372506, "activity_lines": [ 39.588333, 38.694091, 37.189214, 36.336581 ] }, { "date": "2024-06-07", "close": 39.014999, "volume": 28744, "typical_volume": 38169.05, "trend": 35.5735, "fair_value": 35.902244, "relative_strength": -2.144532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.964113, "energy": 72.685274, "activity_lines": [ 39.473, 38.889091, 37.477619, 36.570764 ] }, { "date": "2024-06-14", "close": 39.055, "volume": 30613, "typical_volume": 38466.4, "trend": 35.752167, "fair_value": 35.957981, "relative_strength": 4.108474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.296769, "energy": 63.977317, "activity_lines": [ 39.296, 39.043091, 37.742643, 36.795376 ] }, { "date": "2024-06-21", "close": 38.98, "volume": 226408, "typical_volume": 48485.7, "trend": 35.9255, "fair_value": 36.017628, "relative_strength": 2.126603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.953233, "energy": 58.195789, "activity_lines": [ 39.139333, 39.127091, 37.974571, 37.003624 ] }, { "date": "2024-06-28", "close": 38.435001, "volume": 44197, "typical_volume": 50045.6, "trend": 36.0655, "fair_value": 36.070833, "relative_strength": 1.300007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.906586, "energy": 44.653739, "activity_lines": [ 38.864667, 39.064909, 38.130881, 37.165527 ] }, { "date": "2024-07-05", "close": 38.224998, "volume": 96355, "typical_volume": 51642.25, "trend": 36.184333, "fair_value": 36.121891, "relative_strength": -1.488772, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.062702, "energy": 35.376458, "activity_lines": [ 38.595333, 38.932818, 38.241857, 37.304849 ] }, { "date": "2024-07-12", "close": 39.52, "volume": 40601, "typical_volume": 53479.95, "trend": 36.341833, "fair_value": 36.174455, "relative_strength": 0.228357, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.940619, "energy": 39.424414, "activity_lines": [ 38.854666, 39.018, 38.455381, 37.520054 ] }, { "date": "2024-07-19", "close": 38.759998, "volume": 140691, "typical_volume": 58283.3, "trend": 36.506333, "fair_value": 36.224038, "relative_strength": -0.453651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.781455, "energy": 31.757334, "activity_lines": [ 38.826999, 38.935363, 38.570666, 37.676064 ] }, { "date": "2024-07-26", "close": 39.540001, "volume": 57662, "typical_volume": 60360.15, "trend": 36.690333, "fair_value": 36.276282, "relative_strength": 2.844123, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.757751, "energy": 43.745608, "activity_lines": [ 39.079, 39.012272, 38.736047, 37.871785 ] }, { "date": "2024-08-02", "close": 40.605, "volume": 98109, "typical_volume": 60921.75, "trend": 36.875, "fair_value": 36.330673, "relative_strength": 11.405366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.736734, "energy": 56.630374, "activity_lines": [ 39.648666, 39.29, 38.979404, 38.124344 ] }, { "date": "2024-08-09", "close": 40.5, "volume": 60163, "typical_volume": 61981.8, "trend": 37.079, "fair_value": 36.382147, "relative_strength": 11.839575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.989435, "energy": 61.313416, "activity_lines": [ 40.038667, 39.529727, 39.184095, 38.358215 ] }, { "date": "2024-08-16", "close": 40.834999, "volume": 7560, "typical_volume": 62037.25, "trend": 37.33, "fair_value": 36.430577, "relative_strength": 8.463856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.764525, "energy": 76.002084, "activity_lines": [ 40.388666, 39.815454, 39.396666, 38.600537 ] }, { "date": "2024-08-23", "close": 40.77, "volume": 7207, "typical_volume": 60865.5, "trend": 37.568833, "fair_value": 36.483269, "relative_strength": 6.36848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.036067, "energy": 78.78221, "activity_lines": [ 40.629333, 40.056272, 39.581738, 38.822473 ] }, { "date": "2024-08-30", "close": 41.375, "volume": 22448, "typical_volume": 59900.45, "trend": 37.814667, "fair_value": 36.537981, "relative_strength": 5.654503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.842462, "energy": 78.39954, "activity_lines": [ 40.937666, 40.375909, 39.8015, 39.068032 ] }, { "date": "2024-09-06", "close": 41.514999, "volume": 18335, "typical_volume": 60011.8, "trend": 38.094667, "fair_value": 36.596442, "relative_strength": 9.40667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.643428, "energy": 77.053482, "activity_lines": [ 41.170333, 40.677454, 40.010857, 39.306763 ] }, { "date": "2024-09-13", "close": 42.525002, "volume": 44479, "typical_volume": 61459.8, "trend": 38.3835, "fair_value": 36.664936, "relative_strength": 11.093976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.076961, "energy": 85.710109, "activity_lines": [ 41.679, 41.106636, 40.293428, 39.592591 ] }, { "date": "2024-09-20", "close": 42.889999, "volume": 94889, "typical_volume": 64901.3, "trend": 38.676833, "fair_value": 36.739135, "relative_strength": 11.333901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.810629, "energy": 89.701417, "activity_lines": [ 42.174333, 41.524, 40.585524, 39.883333 ] }, { "date": "2024-09-27", "close": 43.75, "volume": 80607, "typical_volume": 58054.85, "trend": 39.0125, "fair_value": 36.820385, "relative_strength": 10.248893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.487345, "energy": 93.546247, "activity_lines": [ 42.819333, 42.036454, 40.935714, 40.210634 ] }, { "date": "2024-10-04", "close": 44.810001, "volume": 37431, "typical_volume": 58151.35, "trend": 39.352333, "fair_value": 36.904872, "relative_strength": 16.315544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.027712, "energy": 95.315926, "activity_lines": [ 43.619, 42.650909, 41.367738, 40.584667 ] }, { "date": "2024-10-11", "close": 43.794998, "volume": 45854, "typical_volume": 59653.25, "trend": 39.659333, "fair_value": 36.981474, "relative_strength": 11.135116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.959291, "energy": 85.150354, "activity_lines": [ 43.851333, 42.985, 41.679881, 40.87129 ] }, { "date": "2024-10-18", "close": 45.689999, "volume": 46424, "typical_volume": 61438.85, "trend": 40.0005, "fair_value": 37.066058, "relative_strength": 12.808912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.295657, "energy": 88.336598, "activity_lines": [ 44.563333, 43.605636, 42.152357, 41.260365 ] }, { "date": "2024-10-25", "close": 45.555, "volume": 163712, "typical_volume": 68187.25, "trend": 40.307, "fair_value": 37.149135, "relative_strength": 13.6698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.551334, "energy": 80.497827, "activity_lines": [ 45.019333, 44.107363, 42.583357, 41.61872 ] }, { "date": "2024-11-01", "close": 44.275002, "volume": 22750, "typical_volume": 67794.1, "trend": 40.584333, "fair_value": 37.223942, "relative_strength": 10.65267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.064211, "energy": 65.8457, "activity_lines": [ 44.871, 44.290546, 42.861309, 41.87472 ] }, { "date": "2024-11-08", "close": 44.5, "volume": 50336, "typical_volume": 58990.5, "trend": 40.854666, "fair_value": 37.299583, "relative_strength": 13.76439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.204335, "energy": 64.372139, "activity_lines": [ 44.762667, 44.450909, 43.135833, 42.127344 ] }, { "date": "2024-11-15", "close": 45.325001, "volume": 72796, "typical_volume": 60420.45, "trend": 41.1425, "fair_value": 37.376731, "relative_strength": 14.254439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.426458, "energy": 63.015576, "activity_lines": [ 44.950001, 44.704455, 43.462643, 42.415753 ] }, { "date": "2024-11-22", "close": 47.654999, "volume": 67689, "typical_volume": 58987.15, "trend": 41.490167, "fair_value": 37.469359, "relative_strength": 22.071147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.169639, "energy": 69.563349, "activity_lines": [ 45.812, 45.312364, 43.978548, 42.835914 ] }, { "date": "2024-11-29", "close": 47.630001, "volume": 42766, "typical_volume": 59095.4, "trend": 41.814833, "fair_value": 37.561506, "relative_strength": 21.733803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.50658, "energy": 70.742891, "activity_lines": [ 46.534667, 45.822455, 44.447167, 43.232032 ] }, { "date": "2024-12-06", "close": 45.779999, "volume": 24812, "typical_volume": 53301.45, "trend": 42.016333, "fair_value": 37.634359, "relative_strength": 12.18359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.585842, "energy": 61.751862, "activity_lines": [ 46.502333, 45.91, 44.700976, 43.487849 ] }, { "date": "2024-12-13", "close": 45.014999, "volume": 37587, "typical_volume": 52297.7, "trend": 42.185666, "fair_value": 37.697308, "relative_strength": 9.609785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.869163, "energy": 55.40164, "activity_lines": [ 46.114666, 45.821545, 44.8485, 43.681312 ] }, { "date": "2024-12-20", "close": 44.400002, "volume": 24740, "typical_volume": 48629.25, "trend": 42.346833, "fair_value": 37.757596, "relative_strength": 11.343125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.135343, "energy": 35.757063, "activity_lines": [ 45.487667, 45.617546, 44.911381, 43.824172 ] }, { "date": "2024-12-27", "close": 44.68, "volume": 6220, "typical_volume": 45932.1, "trend": 42.5135, "fair_value": 37.816731, "relative_strength": 10.413364, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.330748, "energy": 24.768374, "activity_lines": [ 45.015667, 45.453455, 44.982857, 43.974699 ] }, { "date": "2025-01-03", "close": 45.924999, "volume": 32618, "typical_volume": 47185.0, "trend": 42.743833, "fair_value": 37.886891, "relative_strength": 13.243516, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.055656, "energy": 25.634333, "activity_lines": [ 45.157, 45.534091, 45.153, 44.194796 ] }, { "date": "2025-01-10", "close": 45.115002, "volume": 73361, "typical_volume": 50492.7, "trend": 42.945833, "fair_value": 37.956314, "relative_strength": 7.921438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.663203, "energy": 20.149735, "activity_lines": [ 45.142001, 45.460728, 45.221762, 44.347774 ] }, { "date": "2025-01-17", "close": 46.950001, "volume": 79500, "typical_volume": 53345.3, "trend": 43.2115, "fair_value": 38.035609, "relative_strength": 8.322526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.867494, "energy": 39.451138, "activity_lines": [ 45.783001, 45.705728, 45.444596, 44.606108 ] }, { "date": "2025-01-24", "close": 46.174999, "volume": 100087, "typical_volume": 57432.9, "trend": 43.4695, "fair_value": 38.115096, "relative_strength": 6.441596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.139168, "energy": 39.721974, "activity_lines": [ 46.036667, 45.765273, 45.567072, 44.797301 ] }, { "date": "2025-01-31", "close": 46.105, "volume": 29204, "typical_volume": 56669.15, "trend": 43.732167, "fair_value": 38.194199, "relative_strength": 5.224948, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.666634, "energy": 36.873397, "activity_lines": [ 46.148667, 45.796637, 45.660691, 44.967333 ] }, { "date": "2025-02-07", "close": 46.255001, "volume": 19063, "typical_volume": 52877.85, "trend": 43.956667, "fair_value": 38.276603, "relative_strength": 3.596158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.116506, "energy": 38.876296, "activity_lines": [ 46.215667, 45.883455, 45.751548, 45.130097 ] }, { "date": "2025-02-14", "close": 46.369999, "volume": 22723, "typical_volume": 49983.65, "trend": 44.210333, "fair_value": 38.361378, "relative_strength": 1.084133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.905129, "energy": 34.521409, "activity_lines": [ 46.299, 46.016182, 45.837333, 45.285796 ] }, { "date": "2025-02-21", "close": 46.98, "volume": 25716, "typical_volume": 49397.9, "trend": 44.458333, "fair_value": 38.446635, "relative_strength": 0.9433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.352176, "energy": 40.26732, "activity_lines": [ 46.502, 46.249091, 45.968738, 45.464484 ] }, { "date": "2025-02-28", "close": 46.060001, "volume": 78353, "typical_volume": 51022.85, "trend": 44.640167, "fair_value": 38.509423, "relative_strength": -1.895629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.350148, "energy": 32.592937, "activity_lines": [ 46.396334, 46.279, 46.002191, 45.567817 ] }, { "date": "2025-03-07", "close": 43.115002, "volume": 45924, "typical_volume": 50997.85, "trend": 44.727333, "fair_value": 38.550577, "relative_strength": -8.138421, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -6.754604, "energy": 8.385704, "activity_lines": [ 45.316668, 45.743273, 45.744381, 45.46942 ] }, { "date": "2025-03-14", "close": 43.93, "volume": 21674, "typical_volume": 43895.95, "trend": 44.8305, "fair_value": 38.600032, "relative_strength": -6.725343, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -20.863078, "energy": 23.329267, "activity_lines": [ 44.708001, 45.384182, 45.576453, 45.417979 ] }, { "date": "2025-03-21", "close": 44.345001, "volume": 19357, "typical_volume": 43726.3, "trend": 44.949667, "fair_value": 38.644295, "relative_strength": -6.915459, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -17.180961, "energy": 28.641962, "activity_lines": [ 44.392668, 45.136819, 45.455786, 45.386656 ] }, { "date": "2025-03-28", "close": 44.389999, "volume": 7753, "typical_volume": 41597.15, "trend": 45.050167, "fair_value": 38.683333, "relative_strength": -6.253677, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.184734, "energy": 39.282513, "activity_lines": [ 44.227334, 44.911637, 45.339072, 45.350549 ] }, { "date": "2025-04-04", "close": 42.889999, "volume": 55250, "typical_volume": 40719.85, "trend": 45.096, "fair_value": 38.699712, "relative_strength": 0.983407, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.901725, "energy": 57.068114, "activity_lines": [ 43.734666, 44.460273, 45.080024, 45.211183 ] }, { "date": "2025-04-11", "close": 40.599998, "volume": 42839, "typical_volume": 39477.35, "trend": 45.031833, "fair_value": 38.702724, "relative_strength": -2.839668, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.616855, "energy": 77.776807, "activity_lines": [ 42.689999, 43.652272, 44.614476, 44.921118 ] }, { "date": "2025-04-18", "close": 42.32, "volume": 20172, "typical_volume": 38347.65, "trend": 45.012833, "fair_value": 38.720481, "relative_strength": -4.359702, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.031994, "energy": 72.478171, "activity_lines": [ 42.386333, 43.257091, 44.346333, 44.746161 ] }, { "date": "2025-04-25", "close": 42.185001, "volume": 11596, "typical_volume": 37686.85, "trend": 44.960667, "fair_value": 38.740385, "relative_strength": -8.217984, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.135119, "energy": 72.366381, "activity_lines": [ 42.145, 42.908909, 44.090619, 44.563721 ] }, { "date": "2025-05-02", "close": 43.185001, "volume": 6375, "typical_volume": 36126.25, "trend": 44.9065, "fair_value": 38.769519, "relative_strength": -8.444688, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.373964, "energy": 61.235249, "activity_lines": [ 42.381, 42.818636, 43.947262, 44.449161 ] }, { "date": "2025-05-09", "close": 43.619999, "volume": 15761, "typical_volume": 35677.3, "trend": 44.900667, "fair_value": 38.799904, "relative_strength": -9.915753, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.384553, "energy": 35.296818, "activity_lines": [ 42.842333, 42.876454, 43.854048, 44.366161 ] }, { "date": "2025-05-16", "close": 44.990002, "volume": 40605, "typical_volume": 37396.55, "trend": 44.877334, "fair_value": 38.842532, "relative_strength": -9.995079, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.470197, "energy": 16.51485, "activity_lines": [ 43.711667, 43.227727, 43.895024, 44.371925 ] }, { "date": "2025-05-23", "close": 43.424999, "volume": 19642, "typical_volume": 36747.75, "trend": 44.806334, "fair_value": 38.866603, "relative_strength": -10.460992, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.191654, "energy": 20.648846, "activity_lines": [ 43.766667, 43.260364, 43.785476, 44.278226 ] }, { "date": "2025-05-30", "close": 44.005001, "volume": 24588, "typical_volume": 34309.1, "trend": 44.797334, "fair_value": 38.895609, "relative_strength": -10.576575, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.35157, "energy": 19.915007, "activity_lines": [ 43.941334, 43.407637, 43.743072, 44.226527 ] }, { "date": "2025-06-06", "close": 43.535, "volume": 20437, "typical_volume": 31355.95, "trend": 44.765167, "fair_value": 38.928013, "relative_strength": -12.580669, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.7745, "energy": 18.024327, "activity_lines": [ 43.838, 43.475637, 43.661191, 44.145086 ] }, { "date": "2025-06-13", "close": 43.389999, "volume": 7913, "typical_volume": 26747.25, "trend": 44.700667, "fair_value": 38.98016, "relative_strength": -10.168122, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.385225, "energy": 15.897919, "activity_lines": [ 43.663, 43.532818, 43.581762, 44.056366 ] }, { "date": "2025-06-20", "close": 43.32, "volume": 17910, "typical_volume": 26182.55, "trend": 44.556167, "fair_value": 39.019615, "relative_strength": -9.743957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.369265, "energy": 17.32991, "activity_lines": [ 43.48, 43.568182, 43.508929, 43.96729 ] }, { "date": "2025-06-27", "close": 43.02, "volume": 15181, "typical_volume": 25988.45, "trend": 44.4025, "fair_value": 39.044231, "relative_strength": -11.414522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.670032, "energy": 22.927409, "activity_lines": [ 43.308333, 43.499545, 43.420786, 43.868183 ] }, { "date": "2025-07-04", "close": 42.759998, "volume": 33367, "typical_volume": 26520.65, "trend": 44.301833, "fair_value": 39.066859, "relative_strength": -11.620005, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.930614, "energy": 29.650136, "activity_lines": [ 43.076999, 43.370909, 43.323286, 43.762215 ] }, { "date": "2025-07-11", "close": 43.41, "volume": 34232, "typical_volume": 26946.45, "trend": 44.248333, "fair_value": 39.091346, "relative_strength": -11.213925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.395479, "energy": 29.504138, "activity_lines": [ 43.145333, 43.35, 43.304881, 43.704677 ] }, { "date": "2025-07-18", "close": 44.400002, "volume": 17827, "typical_volume": 23920.15, "trend": 44.248333, "fair_value": 39.126603, "relative_strength": -9.671512, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.070508, "energy": 8.196981, "activity_lines": [ 43.552, 43.505, 43.397762, 43.714462 ] }, { "date": "2025-07-25", "close": 44.395, "volume": 13723, "typical_volume": 22310.1, "trend": 44.238833, "fair_value": 39.144904, "relative_strength": -10.487843, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.215903, "energy": 8.813011, "activity_lines": [ 43.889667, 43.644909, 43.498071, 43.723925 ] }, { "date": "2025-08-01", "close": 45.869999, "volume": 16764, "typical_volume": 22064.6, "trend": 44.237, "fair_value": 39.172083, "relative_strength": -5.522169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.680132, "energy": 44.283931, "activity_lines": [ 44.647333, 44.063818, 43.732762, 43.829161 ] }, { "date": "2025-08-08", "close": 45.810001, "volume": 9847, "typical_volume": 21589.1, "trend": 44.260167, "fair_value": 39.192853, "relative_strength": -9.206708, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.599658, "energy": 60.279683, "activity_lines": [ 45.195, 44.427364, 43.9525, 43.930645 ] }, { "date": "2025-08-15", "close": 45.759998, "volume": 13804, "typical_volume": 21891.65, "trend": 44.2205, "fair_value": 39.202692, "relative_strength": -11.266315, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.166266, "energy": 66.489524, "activity_lines": [ 45.522666, 44.749, 44.1605, 44.027409 ] }, { "date": "2025-08-22", "close": 45.41, "volume": 26392, "typical_volume": 20448.75, "trend": 44.195, "fair_value": 39.213526, "relative_strength": -13.05317, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.827118, "energy": 66.27691, "activity_lines": [ 45.577, 44.966545, 44.328643, 44.10415 ] }, { "date": "2025-08-29", "close": 44.564999, "volume": 1077, "typical_volume": 18360.65, "trend": 44.143667, "fair_value": 39.221186, "relative_strength": -12.211777, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.012602, "energy": 50.448391, "activity_lines": [ 45.282333, 44.993727, 44.404309, 44.128021 ] }, { "date": "2025-09-05", "close": 43.705002, "volume": 16411, "typical_volume": 18172.6, "trend": 44.058667, "fair_value": 39.218045, "relative_strength": -12.413905, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 30.504648, "energy": 21.203702, "activity_lines": [ 44.689667, 44.841909, 44.37919, 44.09972 ] }, { "date": "2025-09-12", "close": 45.0, "volume": 4425, "typical_volume": 17814.05, "trend": 44.013, "fair_value": 39.22391, "relative_strength": -11.550985, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.46558, "energy": 21.796748, "activity_lines": [ 44.673, 44.913091, 44.470809, 44.160452 ] }, { "date": "2025-09-19", "close": 44.314999, "volume": 29033, "typical_volume": 18946.95, "trend": 43.924167, "fair_value": 39.236378, "relative_strength": -12.058937, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.157044, "energy": 23.045745, "activity_lines": [ 44.482, 44.819, 44.483786, 44.179935 ] }, { "date": "2025-09-26", "close": 45.904999, "volume": 13265, "typical_volume": 18822.15, "trend": 43.919, "fair_value": 39.279904, "relative_strength": -9.348647, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.339368, "energy": 24.636991, "activity_lines": [ 44.917333, 44.997545, 44.642809, 44.307731 ] }, { "date": "2025-10-03", "close": 47.360001, "volume": 17724, "typical_volume": 17678.1, "trend": 44.0605, "fair_value": 39.340705, "relative_strength": -7.44019, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 80.943899, "energy": 67.073758, "activity_lines": [ 45.804667, 45.413273, 44.929524, 44.529731 ] }, { "date": "2025-10-10", "close": 48.724998, "volume": 29255, "typical_volume": 18158.75, "trend": 44.220333, "fair_value": 39.417276, "relative_strength": -1.84425, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.748955, "energy": 87.028731, "activity_lines": [ 46.960666, 46.023272, 45.334952, 44.830666 ] }, { "date": "2025-10-17", "close": 48.654999, "volume": 29757, "typical_volume": 18417.2, "trend": 44.364, "fair_value": 39.492404, "relative_strength": -1.090772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.511744, "energy": 92.171584, "activity_lines": [ 47.758666, 46.568636, 45.708476, 45.116774 ] }, { "date": "2025-10-24", "close": 48.209999, "volume": 129998, "typical_volume": 23895.25, "trend": 44.491333, "fair_value": 39.554327, "relative_strength": -3.40061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.596656, "energy": 87.945105, "activity_lines": [ 48.164666, 46.981363, 46.017476, 45.364903 ] }, { "date": "2025-10-31", "close": 47.895, "volume": 21932, "typical_volume": 24596.2, "trend": 44.658166, "fair_value": 39.614519, "relative_strength": -5.301367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.500958, "energy": 86.877414, "activity_lines": [ 48.205999, 47.292272, 46.274214, 45.584494 ] }, { "date": "2025-11-07", "close": 47.419998, "volume": 14824, "typical_volume": 24441.9, "trend": 44.8855, "fair_value": 39.675865, "relative_strength": -5.351233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.693025, "energy": 68.037177, "activity_lines": [ 47.956332, 47.471636, 46.464261, 45.762677 ] }, { "date": "2025-11-14", "close": 47.724998, "volume": 39443, "typical_volume": 25655.0, "trend": 45.065666, "fair_value": 39.737724, "relative_strength": -6.704251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.512899, "energy": 51.155552, "activity_lines": [ 47.804332, 47.654544, 46.663833, 45.94587 ] }, { "date": "2025-11-21", "close": 47.48, "volume": 54023, "typical_volume": 26687.8, "trend": 45.242166, "fair_value": 39.790705, "relative_strength": -3.79008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.029067, "energy": 39.366715, "activity_lines": [ 47.637332, 47.719817, 46.817666, 46.101634 ] }, { "date": "2025-11-28", "close": 48.474998, "volume": 25852, "typical_volume": 26268.8, "trend": 45.4185, "fair_value": 39.852949, "relative_strength": -2.852023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.911271, "energy": 43.083167, "activity_lines": [ 47.880332, 47.920908, 47.043785, 46.310204 ] }, { "date": "2025-12-05", "close": 46.465, "volume": 41219, "typical_volume": 27438.4, "trend": 45.513333, "fair_value": 39.901795, "relative_strength": -6.656976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.535832, "energy": 28.407584, "activity_lines": [ 47.435666, 47.680908, 47.054356, 46.37772 ] }, { "date": "2025-12-12", "close": 45.375, "volume": 21150, "typical_volume": 27809.75, "trend": 45.526166, "fair_value": 39.949744, "relative_strength": -8.636977, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.207786, "energy": 15.071982, "activity_lines": [ 46.722999, 47.232545, 46.951285, 46.368795 ] }, { "date": "2025-12-19", "close": 45.814999, "volume": 17209, "typical_volume": 27832.0, "trend": 45.605833, "fair_value": 39.996955, "relative_strength": -9.872608, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.694663, "energy": 18.79385, "activity_lines": [ 46.293333, 46.900272, 46.885452, 46.387429 ] }, { "date": "2025-12-26", "close": 45.224998, "volume": 2206, "typical_volume": 27449.95, "trend": 45.646499, "fair_value": 40.04141, "relative_strength": -10.285382, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.84687, "energy": 29.811327, "activity_lines": [ 45.794332, 46.513635, 46.76369, 46.362859 ] }, { "date": "2026-01-02", "close": 45.904999, "volume": 4257, "typical_volume": 26972.6, "trend": 45.725499, "fair_value": 40.086859, "relative_strength": -9.964086, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.272599, "energy": 33.126131, "activity_lines": [ 45.672332, 46.312999, 46.709475, 46.379537 ] }, { "date": "2026-01-09", "close": 45.794998, "volume": 34023, "typical_volume": 27354.15, "trend": 45.805666, "fair_value": 40.136282, "relative_strength": -10.42219, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.5271, "energy": 36.480634, "activity_lines": [ 45.684999, 46.134272, 46.644094, 46.384021 ] }, { "date": "2026-01-16", "close": 46.825001, "volume": 43351, "typical_volume": 29467.85, "trend": 45.922499, "fair_value": 40.201763, "relative_strength": -8.139484, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 8.813008, "energy": 15.47402, "activity_lines": [ 46.085666, 46.180999, 46.674975, 46.449784 ] }, { "date": "2026-01-23", "close": 45.195, "volume": 21344, "typical_volume": 29714.5, "trend": 45.994999, "fair_value": 40.25625, "relative_strength": -9.002338, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.083425, "energy": 18.366717, "activity_lines": [ 45.846333, 45.942181, 46.539856, 46.402849 ] }, { "date": "2026-01-30", "close": 45.224998, "volume": 32770, "typical_volume": 31131.75, "trend": 46.077166, "fair_value": 40.314615, "relative_strength": -9.908569, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.041759, "energy": 19.473485, "activity_lines": [ 45.658333, 45.754817, 46.400499, 46.353171 ] }, { "date": "2026-02-06", "close": 45.654999, "volume": 61253, "typical_volume": 32742.75, "trend": 46.151999, "fair_value": 40.373205, "relative_strength": -9.345675, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.883375, "energy": 18.866558, "activity_lines": [ 45.613666, 45.686635, 46.301023, 46.325935 ] }, { "date": "2026-02-13", "close": 48.945, "volume": 7476, "typical_volume": 32453.3, "trend": 46.303499, "fair_value": 40.449455, "relative_strength": -1.611281, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 36.534749, "energy": 18.793757, "activity_lines": [ 46.682333, 46.267908, 46.508499, 46.506128 ] }, { "date": "2026-02-20", "close": 49.080002, "volume": 29505, "typical_volume": 33042.35, "trend": 46.459666, "fair_value": 40.531859, "relative_strength": -3.268873, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.361483, "energy": 47.747207, "activity_lines": [ 47.586, 46.828636, 46.714357, 46.685257 ] }, { "date": "2026-02-27", "close": 50.41, "volume": 9588, "typical_volume": 32059.0, "trend": 46.610999, "fair_value": 40.62516, "relative_strength": -1.984891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.771257, "energy": 79.28301, "activity_lines": [ 48.782667, 47.563818, 47.03869, 46.940118 ] }, { "date": "2026-03-06", "close": 50.330002, "volume": 14176, "typical_volume": 31279.95, "trend": 46.761666, "fair_value": 40.720385, "relative_strength": 4.595377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.874988, "energy": 86.803433, "activity_lines": [ 49.605001, 48.200909, 47.347381, 47.180053 ] }, { "date": "2026-03-13", "close": 51.380001, "volume": 22285, "typical_volume": 25894.3, "trend": 46.949, "fair_value": 40.816603, "relative_strength": 6.336935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.926131, "energy": 92.214026, "activity_lines": [ 50.437001, 48.936091, 47.748095, 47.47801 ] }, { "date": "2026-03-20", "close": 49.095001, "volume": 9254, "typical_volume": 25260.4, "trend": 47.071833, "fair_value": 40.906154, "relative_strength": 5.090056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.261684, "energy": 79.673284, "activity_lines": [ 50.125668, 49.156273, 47.916095, 47.616462 ] }, { "date": "2026-03-27", "close": 50.200001, "volume": 23591, "typical_volume": 25698.75, "trend": 47.259666, "fair_value": 40.996378, "relative_strength": 6.101391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.049848, "energy": 62.769061, "activity_lines": [ 50.172668, 49.517364, 48.183619, 47.818279 ] }, { "date": "2026-04-03", "close": 50.490002, "volume": 13719, "typical_volume": 24412.55, "trend": 47.485833, "fair_value": 41.082692, "relative_strength": 1.696334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.736023, "energy": 51.796091, "activity_lines": [ 50.241668, 49.869819, 48.465524, 48.026688 ] }, { "date": "2026-04-10", "close": 50.709999, "volume": 11012, "typical_volume": 22262.0, "trend": 47.676166, "fair_value": 41.173558, "relative_strength": -1.895064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.385686, "energy": 46.050058, "activity_lines": [ 50.378667, 50.166001, 48.755215, 48.234699 ] }, { "date": "2026-04-17", "close": 48.689999, "volume": 10615, "typical_volume": 21500.15, "trend": 47.822, "fair_value": 41.249167, "relative_strength": -7.938404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.396248, "energy": 34.358419, "activity_lines": [ 49.817, 49.995182, 48.837143, 48.300107 ] }, { "date": "2026-04-24", "close": 49.674999, "volume": 12637, "typical_volume": 20071.05, "trend": 47.947666, "fair_value": 41.333173, "relative_strength": -3.535948, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.873682, "energy": 29.669581, "activity_lines": [ 49.763, 49.948273, 49.011857, 48.419656 ] }, { "date": "2026-05-01", "close": 50.02, "volume": 3655, "typical_volume": 19196.3, "trend": 48.036333, "fair_value": 41.420994, "relative_strength": -3.899998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.133946, "energy": 26.643862, "activity_lines": [ 49.785333, 49.950818, 49.204143, 48.553355 ] }, { "date": "2026-05-08", "close": 48.084999, "volume": 12898, "typical_volume": 18980.75, "trend": 48.015, "fair_value": 41.492564, "relative_strength": -9.360402, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.20776, "energy": 18.551196, "activity_lines": [ 49.174666, 49.584454, 49.190024, 48.556495 ] }, { "date": "2026-05-15", "close": 47.790001, "volume": 14050, "typical_volume": 19572.95, "trend": 47.986166, "fair_value": 41.569808, "relative_strength": -9.381021, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.909848, "energy": 15.08725, "activity_lines": [ 48.626, 49.206727, 49.137, 48.541978 ] }, { "date": "2026-05-22", "close": 48.884998, "volume": 22649, "typical_volume": 20492.55, "trend": 48.008666, "fair_value": 41.659551, "relative_strength": -7.858225, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.703717, "energy": 15.083664, "activity_lines": [ 48.636999, 49.074272, 49.176048, 48.599968 ] }, { "date": "2026-05-29", "close": 47.845001, "volume": 21599, "typical_volume": 19871.35, "trend": 48.007, "fair_value": 41.739551, "relative_strength": -10.539239, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.06837, "energy": 15.96088, "activity_lines": [ 48.288333, 48.798091, 49.101857, 48.589409 ] }, { "date": "2026-06-05", "close": 48.380001, "volume": 14085, "typical_volume": 18408.05, "trend": 48.039, "fair_value": 41.819006, "relative_strength": -9.110085, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.875856, "energy": 15.546783, "activity_lines": [ 48.24, 48.641909, 49.068857, 48.613473 ] }, { "date": "2026-06-12", "close": 48.105, "volume": 4460, "typical_volume": 17563.85, "trend": 48.051667, "fair_value": 41.896378, "relative_strength": -12.178761, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.978192, "energy": 15.71328, "activity_lines": [ 48.209334, 48.468818, 49.002262, 48.617731 ] }, { "date": "2026-06-19", "close": 49.044998, "volume": 1772, "typical_volume": 16013.95, "trend": 48.103833, "fair_value": 41.983494, "relative_strength": -12.474423, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.676576, "energy": 11.057873, "activity_lines": [ 48.490666, 48.51, 49.011333, 48.681817 ] }, { "date": "2026-06-26", "close": 51.130001, "volume": 1253, "typical_volume": 13013.95, "trend": 48.192333, "fair_value": 42.087564, "relative_strength": -5.788733, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.350406, "energy": 30.850799, "activity_lines": [ 49.383333, 48.960545, 49.200786, 48.877054 ] }, { "date": "2026-07-03", "close": 50.32, "volume": 883, "typical_volume": 12684.3, "trend": 48.320833, "fair_value": 42.184391, "relative_strength": -9.801842, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 47.534367, "energy": 39.547381, "activity_lines": [ 49.856333, 49.219454, 49.287024, 49.014323 ] }, { "date": "2026-07-10", "close": 50.099998, "volume": 8925, "typical_volume": 11655.3, "trend": 48.478333, "fair_value": 42.281827, "relative_strength": -9.630879, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.22643, "energy": 52.425519, "activity_lines": [ 50.090999, 49.426636, 49.345762, 49.129107 ] }, { "date": "2026-07-17", "close": 50.650002, "volume": 5557, "typical_volume": 11453.75, "trend": 48.6395, "fair_value": 42.375288, "relative_strength": -7.137672, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.289437, "energy": 66.283665, "activity_lines": [ 50.394333, 49.732364, 49.452024, 49.269215 ] }, { "date": "2026-07-24", "close": 51.580002, "volume": 1978, "typical_volume": 10843.85, "trend": 48.851333, "fair_value": 42.475961, "relative_strength": -5.122762, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.965142, "energy": 71.988726, "activity_lines": [ 50.838001, 50.160546, 49.645714, 49.458925 ] }, { "date": "2026-07-31", "close": 48.965, "volume": 16716, "typical_volume": 10565.4, "trend": 48.953333, "fair_value": 42.569423, "relative_strength": -10.228068, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.884961, "energy": 30.449148, "activity_lines": [ 50.241001, 50.044364, 49.584405, 49.466258 ] }, { "date": "2026-08-07", "close": 47.77, "volume": 6905, "typical_volume": 10447.95, "trend": 49.019167, "fair_value": 42.654872, "relative_strength": -14.604448, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.063052, "energy": 5.68646, "activity_lines": [ 49.390001, 49.709455, 49.420786, 49.389914 ] } ], "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." } } }