{ "ticker": { "uuid": "4294abf0-4b17-4797-9873-0ebb09cca21c", "symbol": "JPST", "name": "JP MORGAN ETF TRUST ULTRA SHORT INCOME 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.44, "architecture_energy": 68.119, "architecture_maturity": 100.0, "architecture_confidence": 73.116, "architecture_tenure": "Extended", "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": 23.8, "rotation_up": 65.08, "upward_expansion": 85.26, "deceleration": 51.89, "rotation_down": 20.08, "downward_expansion": 11.93 }, "activity_lines": [ 50.370431, 50.34436, 50.295923, 50.241317 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 50.44, "trend_reference": 50.158099, "distance_from_trend": 0.00562, "trend_direction": "Improving", "fair_value": 47.540575, "distance_from_fair_value": 0.060988, "fair_value_direction": "Weakening", "relative_strength": -9.875273, "relative_strength_direction": "Weakening", "price_momentum": 0.009391, "excess_performance": -0.116234, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.00562, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004809, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.060988, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.006863, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098753, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000292, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.009391, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.749631, "read": "Demand-led" } ], "volume": { "latest": 37826273, "relative_activity": 1.195891, "balance": 2.749631, "dry_up": 0.953794, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.001593, "annualized_volatility": 0.008699, "from_high_reference": -0.000198, "from_low_reference": 0.032799 }, "levels": { "trend_reference": 50.158099, "fair_value_reference": 47.540575, "structural_low": 49.970723, "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": 56, "median_return": 0.003529, "positive_rate": 0.892857, "directional_follow_through": 0.892857, "median_excess_return": -0.015851, "regime_survival": 0.982143, "best_return": 0.006425, "worst_return": -0.002071, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 17, "median_return": 0.011118, "positive_rate": 0.941176, "directional_follow_through": 0.941176, "median_excess_return": -0.033191, "regime_survival": 0.941176, "best_return": 0.018012, "worst_return": -0.001656, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.022197, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.06392, "regime_survival": 0.875, "best_return": 0.03183, "worst_return": -0.001156, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.044942, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.118284, "regime_survival": 0.75, "best_return": 0.06428, "worst_return": -0.005907, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2021-07-09", "end": "2021-11-05", "tenure": "Established", "return": -0.000239, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2021-11-12", "end": "2021-12-03", "tenure": "New", "return": -0.000699, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-12-10", "end": "2022-07-22", "tenure": "Extended", "return": -0.003186, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-07-29", "end": "2022-08-12", "tenure": "New", "return": 0.001591, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-08-19", "end": "2022-09-02", "tenure": "New", "return": 0.001444, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-09-09", "end": "2026-08-07", "tenure": "Extended", "return": 0.194302, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 43.796587, "volume": 19889685, "typical_volume": 19504294.45, "trend": 43.304615, "fair_value": 42.409904, "relative_strength": -5.963334, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.795807, "energy": 95.280607, "activity_lines": [ 43.749517, 43.668282, 43.549036, 43.450138 ] }, { "date": "2023-08-25", "close": 43.840279, "volume": 15922424, "typical_volume": 19167078.25, "trend": 43.337411, "fair_value": 42.421499, "relative_strength": -6.508051, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.836279, "energy": 95.611946, "activity_lines": [ 43.790407, 43.712401, 43.585586, 43.484697 ] }, { "date": "2023-09-01", "close": 43.916827, "volume": 14159324, "typical_volume": 18919103.7, "trend": 43.371029, "fair_value": 42.433441, "relative_strength": -8.474116, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.475472, "energy": 97.350857, "activity_lines": [ 43.841328, 43.762583, 43.626551, 43.522079 ] }, { "date": "2023-09-08", "close": 43.943156, "volume": 14026452, "typical_volume": 18816268.05, "trend": 43.404955, "fair_value": 42.445577, "relative_strength": -7.137032, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.046835, "energy": 95.529962, "activity_lines": [ 43.884498, 43.808936, 43.666703, 43.55899 ] }, { "date": "2023-09-15", "close": 43.978261, "volume": 15513763, "typical_volume": 18633151.65, "trend": 43.438913, "fair_value": 42.457859, "relative_strength": -6.742157, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.419, "energy": 93.317235, "activity_lines": [ 43.926104, 43.852891, 43.706792, 43.595977 ] }, { "date": "2023-09-22", "close": 44.030919, "volume": 22887822, "typical_volume": 18566130.35, "trend": 43.47491, "fair_value": 42.470797, "relative_strength": -3.57263, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.030062, "energy": 91.62945, "activity_lines": [ 43.971403, 43.897473, 43.748693, 43.634171 ] }, { "date": "2023-09-29", "close": 44.039695, "volume": 18493595, "typical_volume": 18656152.35, "trend": 43.510219, "fair_value": 42.483707, "relative_strength": -2.588547, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.076386, "energy": 73.990894, "activity_lines": [ 44.004005, 43.935645, 43.78833, 43.670609 ] }, { "date": "2023-10-06", "close": 44.085545, "volume": 34240596, "typical_volume": 19366399.8, "trend": 43.545056, "fair_value": 42.496778, "relative_strength": -2.678483, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.857083, "energy": 74.920855, "activity_lines": [ 44.038596, 43.974304, 43.829277, 43.707727 ] }, { "date": "2023-10-13", "close": 44.138426, "volume": 13176778, "typical_volume": 19056980.95, "trend": 43.579657, "fair_value": 42.510162, "relative_strength": -2.691338, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.826174, "energy": 76.356329, "activity_lines": [ 44.079566, 44.015004, 43.871695, 43.746009 ] }, { "date": "2023-10-20", "close": 44.191308, "volume": 17036052, "typical_volume": 18482235.5, "trend": 43.614021, "fair_value": 42.523778, "relative_strength": -0.010945, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.08387, "energy": 76.785473, "activity_lines": [ 44.125146, 44.058149, 43.915088, 43.78547 ] }, { "date": "2023-10-27", "close": 44.253003, "volume": 16531717, "typical_volume": 18162991.95, "trend": 43.651583, "fair_value": 42.537896, "relative_strength": 2.738963, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.866361, "energy": 89.237007, "activity_lines": [ 44.177087, 44.104859, 43.960462, 43.826695 ] }, { "date": "2023-11-03", "close": 44.316272, "volume": 21568485, "typical_volume": 18288723.6, "trend": 43.687573, "fair_value": 42.552319, "relative_strength": -2.578482, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.473689, "energy": 96.053501, "activity_lines": [ 44.235313, 44.154773, 44.007756, 43.869578 ] }, { "date": "2023-11-10", "close": 44.34283, "volume": 28242662, "typical_volume": 18526192.95, "trend": 43.725022, "fair_value": 42.56686, "relative_strength": -3.70022, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.31237, "energy": 90.167268, "activity_lines": [ 44.283953, 44.200862, 44.053256, 43.911853 ] }, { "date": "2023-11-17", "close": 44.431356, "volume": 18662309, "typical_volume": 18512941.4, "trend": 43.765135, "fair_value": 42.581916, "relative_strength": -5.509917, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.375444, "energy": 87.013337, "activity_lines": [ 44.344949, 44.255301, 44.102901, 43.957423 ] }, { "date": "2023-11-24", "close": 44.475619, "volume": 9869208, "typical_volume": 18198776.7, "trend": 43.804143, "fair_value": 42.597095, "relative_strength": -6.188948, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.335293, "energy": 83.477817, "activity_lines": [ 44.40117, 44.308912, 44.152137, 44.00326 ] }, { "date": "2023-12-01", "close": 44.600999, "volume": 24445921, "typical_volume": 18590712.4, "trend": 43.844835, "fair_value": 42.612983, "relative_strength": -6.548382, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.610915, "energy": 88.90601, "activity_lines": [ 44.480231, 44.376276, 44.208603, 44.05467 ] }, { "date": "2023-12-08", "close": 44.636566, "volume": 18971861, "typical_volume": 18818340.8, "trend": 43.886137, "fair_value": 42.629046, "relative_strength": -6.474433, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.255184, "energy": 91.493553, "activity_lines": [ 44.547948, 44.439741, 44.263645, 44.10575 ] }, { "date": "2023-12-15", "close": 44.743267, "volume": 26666025, "typical_volume": 19482726.85, "trend": 43.933009, "fair_value": 42.645771, "relative_strength": -8.149658, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.24942, "energy": 93.871991, "activity_lines": [ 44.629879, 44.511755, 44.323951, 44.161049 ] }, { "date": "2023-12-22", "close": 44.823293, "volume": 33276953, "typical_volume": 20200040.15, "trend": 43.984276, "fair_value": 42.662902, "relative_strength": -8.512104, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.769993, "energy": 94.613732, "activity_lines": [ 44.71179, 44.58636, 44.386762, 44.218486 ] }, { "date": "2023-12-29", "close": 44.873751, "volume": 17895270, "typical_volume": 20073845.1, "trend": 44.034283, "fair_value": 42.680308, "relative_strength": -8.406856, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.87858, "energy": 90.732096, "activity_lines": [ 44.784391, 44.657687, 44.449241, 44.275872 ] }, { "date": "2024-01-05", "close": 44.891618, "volume": 14270571, "typical_volume": 19792889.4, "trend": 44.084307, "fair_value": 42.697883, "relative_strength": -6.64759, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.067459, "energy": 88.815785, "activity_lines": [ 44.836405, 44.719855, 44.508166, 44.331184 ] }, { "date": "2024-01-12", "close": 44.998822, "volume": 18576112, "typical_volume": 19925573.8, "trend": 44.137326, "fair_value": 42.715985, "relative_strength": -7.893876, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.403026, "energy": 87.491617, "activity_lines": [ 44.904779, 44.789903, 44.572088, 44.390185 ] }, { "date": "2024-01-19", "close": 45.007756, "volume": 13600032, "typical_volume": 19897609.2, "trend": 44.189488, "fair_value": 42.734144, "relative_strength": -8.689612, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.72371, "energy": 79.310077, "activity_lines": [ 44.951981, 44.849166, 44.631343, 44.446341 ] }, { "date": "2024-01-26", "close": 45.070291, "volume": 17804976, "typical_volume": 20086535.4, "trend": 44.243156, "fair_value": 42.752758, "relative_strength": -9.244354, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.162144, "energy": 75.822136, "activity_lines": [ 45.002395, 44.907709, 44.691359, 44.503167 ] }, { "date": "2024-02-02", "close": 45.131594, "volume": 25181248, "typical_volume": 20569909.65, "trend": 44.298004, "fair_value": 42.771654, "relative_strength": -10.153276, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.583787, "energy": 76.322353, "activity_lines": [ 45.056778, 44.965781, 44.751846, 44.560486 ] }, { "date": "2024-02-09", "close": 45.149539, "volume": 19598384, "typical_volume": 20405437.75, "trend": 44.349968, "fair_value": 42.790559, "relative_strength": -11.064456, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.350169, "energy": 74.475264, "activity_lines": [ 45.099952, 45.015188, 44.80855, 44.615424 ] }, { "date": "2024-02-16", "close": 45.167484, "volume": 19817747, "typical_volume": 20471645.35, "trend": 44.401951, "fair_value": 42.809579, "relative_strength": -10.444558, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.232078, "energy": 73.385292, "activity_lines": [ 45.131913, 45.057886, 44.861636, 44.668167 ] }, { "date": "2024-02-23", "close": 45.212347, "volume": 12388382, "typical_volume": 19379034.65, "trend": 44.453398, "fair_value": 42.828993, "relative_strength": -11.473852, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.954632, "energy": 74.324906, "activity_lines": [ 45.167584, 45.099087, 44.913625, 44.72045 ] }, { "date": "2024-03-01", "close": 45.26977, "volume": 21047981, "typical_volume": 19772594.8, "trend": 44.504252, "fair_value": 42.848764, "relative_strength": -11.893783, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.729088, "energy": 78.970592, "activity_lines": [ 45.208757, 45.142199, 44.965717, 44.773119 ] }, { "date": "2024-03-08", "close": 45.341856, "volume": 18511929, "typical_volume": 19846388.65, "trend": 44.556635, "fair_value": 42.86921, "relative_strength": -11.1385, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.120312, "energy": 77.176377, "activity_lines": [ 45.260661, 45.190301, 45.019286, 44.827158 ] }, { "date": "2024-03-15", "close": 45.350867, "volume": 15088153, "typical_volume": 19774210.45, "trend": 44.608444, "fair_value": 42.889607, "relative_strength": -10.671572, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.843472, "energy": 89.011749, "activity_lines": [ 45.30155, 45.23153, 45.068235, 44.878399 ] }, { "date": "2024-03-22", "close": 45.422952, "volume": 13548957, "typical_volume": 19373234.05, "trend": 44.6612, "fair_value": 42.910413, "relative_strength": -12.084086, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.61382, "energy": 93.644999, "activity_lines": [ 45.353046, 45.277515, 45.118822, 44.930948 ] }, { "date": "2024-03-29", "close": 45.458995, "volume": 14507930, "typical_volume": 18686497.45, "trend": 44.712605, "fair_value": 42.931396, "relative_strength": -11.986234, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.840808, "energy": 90.922186, "activity_lines": [ 45.399524, 45.322342, 45.167571, 44.982419 ] }, { "date": "2024-04-05", "close": 45.513783, "volume": 21266643, "typical_volume": 18816714.15, "trend": 44.764959, "fair_value": 42.952783, "relative_strength": -10.754085, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.765334, "energy": 89.852471, "activity_lines": [ 45.447823, 45.368927, 45.216223, 45.034108 ] }, { "date": "2024-04-12", "close": 45.522834, "volume": 20813894, "typical_volume": 19363948.45, "trend": 44.816445, "fair_value": 42.974201, "relative_strength": -9.106233, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.333315, "energy": 84.39534, "activity_lines": [ 45.482871, 45.409093, 45.260582, 45.083003 ] }, { "date": "2024-04-19", "close": 45.559035, "volume": 23160897, "typical_volume": 19299697.25, "trend": 44.867382, "fair_value": 42.995771, "relative_strength": -5.885879, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.383411, "energy": 74.85529, "activity_lines": [ 45.51792, 45.448728, 45.303403, 45.130912 ] }, { "date": "2024-04-26", "close": 45.622387, "volume": 20312806, "typical_volume": 19366744.5, "trend": 44.920139, "fair_value": 43.017668, "relative_strength": -7.896542, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.97485, "energy": 76.810719, "activity_lines": [ 45.560209, 45.492436, 45.347695, 45.179622 ] }, { "date": "2024-05-03", "close": 45.710003, "volume": 25759413, "typical_volume": 19321413.9, "trend": 44.974287, "fair_value": 43.04009, "relative_strength": -7.953014, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.421423, "energy": 78.366179, "activity_lines": [ 45.618408, 45.543804, 45.395637, 45.230581 ] }, { "date": "2024-05-10", "close": 45.737276, "volume": 18526311, "typical_volume": 18583881.8, "trend": 45.027582, "fair_value": 43.062634, "relative_strength": -9.242547, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.91306, "energy": 77.145055, "activity_lines": [ 45.668964, 45.591081, 45.441573, 45.279806 ] }, { "date": "2024-05-17", "close": 45.800914, "volume": 16568762, "typical_volume": 18517556.4, "trend": 45.081236, "fair_value": 43.085533, "relative_strength": -10.263833, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.825351, "energy": 77.469113, "activity_lines": [ 45.725833, 45.64143, 45.489217, 45.329698 ] }, { "date": "2024-05-24", "close": 45.85546, "volume": 16580910, "typical_volume": 18633073.35, "trend": 45.134651, "fair_value": 43.108674, "relative_strength": -9.832479, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.479722, "energy": 79.940753, "activity_lines": [ 45.782345, 45.693349, 45.537641, 45.379648 ] }, { "date": "2024-05-31", "close": 45.891825, "volume": 12679700, "typical_volume": 18338252.75, "trend": 45.18717, "fair_value": 43.132109, "relative_strength": -9.119016, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.20583, "energy": 83.981063, "activity_lines": [ 45.831217, 45.742705, 45.584939, 45.428498 ] }, { "date": "2024-06-07", "close": 45.940351, "volume": 18940478, "typical_volume": 18605275.05, "trend": 45.24042, "fair_value": 43.155775, "relative_strength": -9.857713, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.760879, "energy": 86.907, "activity_lines": [ 45.878303, 45.79236, 45.632606, 45.47709 ] }, { "date": "2024-06-14", "close": 46.022534, "volume": 14132585, "typical_volume": 18421655.5, "trend": 45.29346, "fair_value": 43.180048, "relative_strength": -10.885245, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.793375, "energy": 77.805511, "activity_lines": [ 45.937426, 45.848205, 45.683659, 45.527549 ] }, { "date": "2024-06-21", "close": 46.040797, "volume": 21769431, "typical_volume": 18251064.65, "trend": 45.345632, "fair_value": 43.204518, "relative_strength": -11.112396, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.329436, "energy": 81.972035, "activity_lines": [ 45.983619, 45.89812, 45.731917, 45.575765 ] }, { "date": "2024-06-28", "close": 46.086454, "volume": 15459868, "typical_volume": 18044138.85, "trend": 45.395147, "fair_value": 43.229159, "relative_strength": -10.710806, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.073199, "energy": 76.154717, "activity_lines": [ 46.029039, 45.946919, 45.780193, 45.62356 ] }, { "date": "2024-07-05", "close": 46.155344, "volume": 15830122, "typical_volume": 17844757.6, "trend": 45.445773, "fair_value": 43.254162, "relative_strength": -11.947784, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.02698, "energy": 77.18714, "activity_lines": [ 46.082023, 45.998655, 45.830569, 45.672605 ] }, { "date": "2024-07-12", "close": 46.25622, "volume": 15677061, "typical_volume": 18009191.55, "trend": 45.496205, "fair_value": 43.279839, "relative_strength": -12.316754, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.436431, "energy": 78.370606, "activity_lines": [ 46.151064, 46.059041, 45.885849, 45.724891 ] }, { "date": "2024-07-19", "close": 46.283731, "volume": 16202434, "typical_volume": 17766914.2, "trend": 45.544886, "fair_value": 43.305665, "relative_strength": -10.259561, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.704079, "energy": 77.07402, "activity_lines": [ 46.208218, 46.114498, 45.938777, 45.7757 ] }, { "date": "2024-07-26", "close": 46.366266, "volume": 19141805, "typical_volume": 17798408.0, "trend": 45.594637, "fair_value": 43.33194, "relative_strength": -9.129589, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.279529, "energy": 77.624132, "activity_lines": [ 46.27547, 46.175026, 45.994737, 45.828692 ] }, { "date": "2024-08-02", "close": 46.487246, "volume": 23306253, "typical_volume": 18209313.0, "trend": 45.647824, "fair_value": 43.358978, "relative_strength": -6.688906, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.558834, "energy": 81.176287, "activity_lines": [ 46.361351, 46.247271, 46.057342, 45.886279 ] }, { "date": "2024-08-09", "close": 46.496458, "volume": 27581829, "typical_volume": 18910956.6, "trend": 45.697746, "fair_value": 43.386075, "relative_strength": -6.448296, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.088252, "energy": 89.76917, "activity_lines": [ 46.423584, 46.309704, 46.115412, 45.94103 ] }, { "date": "2024-08-16", "close": 46.560947, "volume": 21657517, "typical_volume": 19268435.95, "trend": 45.749519, "fair_value": 43.413612, "relative_strength": -9.590814, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.703554, "energy": 85.473988, "activity_lines": [ 46.484571, 46.372869, 46.174512, 45.99672 ] }, { "date": "2024-08-23", "close": 46.625436, "volume": 18776477, "typical_volume": 19143927.65, "trend": 45.801357, "fair_value": 43.441455, "relative_strength": -10.389312, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.842193, "energy": 89.406211, "activity_lines": [ 46.54674, 46.436475, 46.234507, 46.053231 ] }, { "date": "2024-08-30", "close": 46.680712, "volume": 19463937, "typical_volume": 19076429.8, "trend": 45.852994, "fair_value": 43.469595, "relative_strength": -10.23342, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.268311, "energy": 79.199151, "activity_lines": [ 46.604554, 46.49917, 46.294472, 46.109964 ] }, { "date": "2024-09-06", "close": 46.767827, "volume": 18897456, "typical_volume": 18863257.75, "trend": 45.906937, "fair_value": 43.49832, "relative_strength": -5.92048, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.092608, "energy": 77.558583, "activity_lines": [ 46.670443, 46.566069, 46.35722, 46.168985 ] }, { "date": "2024-09-13", "close": 46.832603, "volume": 21165857, "typical_volume": 18905910.3, "trend": 45.962441, "fair_value": 43.52738, "relative_strength": -9.098281, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.895249, "energy": 81.219889, "activity_lines": [ 46.739219, 46.632357, 46.420382, 46.228706 ] }, { "date": "2024-09-20", "close": 46.906632, "volume": 21145493, "typical_volume": 18675214.3, "trend": 46.018917, "fair_value": 43.556995, "relative_strength": -9.83149, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.941324, "energy": 81.147082, "activity_lines": [ 46.810261, 46.699791, 46.48483, 46.289621 ] }, { "date": "2024-09-27", "close": 46.9529, "volume": 20951124, "typical_volume": 18796454.95, "trend": 46.075022, "fair_value": 43.586788, "relative_strength": -9.829526, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.616739, "energy": 87.949465, "activity_lines": [ 46.87368, 46.763812, 46.547987, 46.349878 ] }, { "date": "2024-10-04", "close": 46.912026, "volume": 26487146, "typical_volume": 19292374.15, "trend": 46.127361, "fair_value": 43.616506, "relative_strength": -9.723374, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.379884, "energy": 79.794322, "activity_lines": [ 46.901644, 46.808235, 46.601463, 46.403879 ] }, { "date": "2024-10-11", "close": 46.958492, "volume": 22124011, "typical_volume": 19569529.2, "trend": 46.180948, "fair_value": 43.646575, "relative_strength": -10.231747, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.62967, "energy": 72.844366, "activity_lines": [ 46.929675, 46.851183, 46.654073, 46.4575 ] }, { "date": "2024-10-18", "close": 47.004958, "volume": 22841916, "typical_volume": 20077640.0, "trend": 46.233682, "fair_value": 43.67721, "relative_strength": -10.41796, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.045496, "energy": 74.357479, "activity_lines": [ 46.960485, 46.894011, 46.705855, 46.510662 ] }, { "date": "2024-10-25", "close": 47.004958, "volume": 18122840, "typical_volume": 20036758.1, "trend": 46.285214, "fair_value": 43.707898, "relative_strength": -9.012729, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.115751, "energy": 72.610445, "activity_lines": [ 46.979803, 46.927593, 46.752337, 46.560422 ] }, { "date": "2024-11-01", "close": 47.010032, "volume": 32936485, "typical_volume": 20976953.1, "trend": 46.335089, "fair_value": 43.738445, "relative_strength": -7.308353, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.311511, "energy": 71.632602, "activity_lines": [ 46.994258, 46.954026, 46.794233, 46.607184 ] }, { "date": "2024-11-08", "close": 47.075349, "volume": 26655738, "typical_volume": 21221268.45, "trend": 46.386839, "fair_value": 43.769517, "relative_strength": -10.942943, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.587269, "energy": 75.169315, "activity_lines": [ 47.026677, 46.985341, 46.837647, 46.654943 ] }, { "date": "2024-11-15", "close": 47.103343, "volume": 50513410, "typical_volume": 22973945.55, "trend": 46.438316, "fair_value": 43.800849, "relative_strength": -8.609968, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.915506, "energy": 74.89674, "activity_lines": [ 47.057539, 47.014571, 46.878801, 46.701169 ] }, { "date": "2024-11-22", "close": 47.140667, "volume": 20816014, "typical_volume": 23223240.15, "trend": 46.488925, "fair_value": 43.832447, "relative_strength": -9.644599, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.519888, "energy": 75.497117, "activity_lines": [ 47.091185, 47.044487, 46.918667, 46.746482 ] }, { "date": "2024-11-29", "close": 47.205985, "volume": 27640756, "typical_volume": 23821424.9, "trend": 46.538791, "fair_value": 43.864547, "relative_strength": -10.179816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.692283, "energy": 76.99573, "activity_lines": [ 47.137557, 47.080678, 46.960061, 46.792744 ] }, { "date": "2024-12-06", "close": 47.287813, "volume": 50070108, "typical_volume": 25514808.6, "trend": 46.590476, "fair_value": 43.897117, "relative_strength": -10.397614, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.204857, "energy": 82.236205, "activity_lines": [ 47.197803, 47.126304, 47.004727, 46.841068 ] }, { "date": "2024-12-13", "close": 47.306548, "volume": 26819299, "typical_volume": 25898683.3, "trend": 46.640664, "fair_value": 43.929722, "relative_strength": -9.468293, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.978302, "energy": 94.025936, "activity_lines": [ 47.245775, 47.169247, 47.046395, 46.887266 ] }, { "date": "2024-12-20", "close": 47.306548, "volume": 40450466, "typical_volume": 26755893.95, "trend": 46.689033, "fair_value": 43.962489, "relative_strength": -7.450328, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.695384, "energy": 89.418813, "activity_lines": [ 47.278334, 47.205016, 47.083585, 46.930226 ] }, { "date": "2024-12-27", "close": 47.362754, "volume": 15818615, "typical_volume": 26167733.25, "trend": 46.738064, "fair_value": 43.995545, "relative_strength": -7.612314, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.58732, "energy": 89.256571, "activity_lines": [ 47.316081, 47.244677, 47.122228, 46.973692 ] }, { "date": "2025-01-03", "close": 47.406738, "volume": 29789790, "typical_volume": 26574346.9, "trend": 46.786944, "fair_value": 44.028883, "relative_strength": -6.692721, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.081501, "energy": 76.127707, "activity_lines": [ 47.353684, 47.285829, 47.160933, 47.016832 ] }, { "date": "2025-01-10", "close": 47.42555, "volume": 21347354, "typical_volume": 26702890.75, "trend": 46.833711, "fair_value": 44.062422, "relative_strength": -4.515281, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.278412, "energy": 75.140701, "activity_lines": [ 47.384174, 47.323097, 47.197403, 47.058033 ] }, { "date": "2025-01-17", "close": 47.491393, "volume": 23935275, "typical_volume": 26926457.65, "trend": 46.882064, "fair_value": 44.096464, "relative_strength": -6.802692, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.386921, "energy": 76.919676, "activity_lines": [ 47.427429, 47.364781, 47.236334, 47.100464 ] }, { "date": "2025-01-24", "close": 47.529017, "volume": 21289718, "typical_volume": 27046070.75, "trend": 46.93015, "fair_value": 44.130693, "relative_strength": -8.001715, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.777677, "energy": 76.349051, "activity_lines": [ 47.470902, 47.405742, 47.274987, 47.142203 ] }, { "date": "2025-01-31", "close": 47.59486, "volume": 29899606, "typical_volume": 27482758.2, "trend": 46.978134, "fair_value": 44.165495, "relative_strength": -6.65017, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.31559, "energy": 77.232032, "activity_lines": [ 47.521492, 47.450934, 47.316287, 47.185087 ] }, { "date": "2025-02-07", "close": 47.61446, "volume": 26937533, "typical_volume": 27772360.2, "trend": 47.023408, "fair_value": 44.20053, "relative_strength": -6.193373, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.335038, "energy": 75.872228, "activity_lines": [ 47.563142, 47.491432, 47.355823, 47.22614 ] }, { "date": "2025-02-14", "close": 47.680552, "volume": 48714817, "typical_volume": 29160544.85, "trend": 47.069969, "fair_value": 44.235988, "relative_strength": -7.156277, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.832717, "energy": 84.264173, "activity_lines": [ 47.612974, 47.53652, 47.398283, 47.268537 ] }, { "date": "2025-02-21", "close": 47.737202, "volume": 18014468, "typical_volume": 28736910.95, "trend": 47.115667, "fair_value": 44.271971, "relative_strength": -5.304636, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.132713, "energy": 83.57771, "activity_lines": [ 47.664689, 47.584768, 47.442674, 47.311584 ] }, { "date": "2025-02-28", "close": 47.831619, "volume": 28420773, "typical_volume": 29051749.05, "trend": 47.160479, "fair_value": 44.308592, "relative_strength": -4.001964, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.656353, "energy": 93.268609, "activity_lines": [ 47.731489, 47.642352, 47.492127, 47.357775 ] }, { "date": "2025-03-07", "close": 47.863125, "volume": 36083974, "typical_volume": 29713851.95, "trend": 47.206035, "fair_value": 44.345845, "relative_strength": -0.741997, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.466549, "energy": 91.980414, "activity_lines": [ 47.788618, 47.696117, 47.540423, 47.403107 ] }, { "date": "2025-03-14", "close": 47.872601, "volume": 37603878, "typical_volume": 30687903.85, "trend": 47.249757, "fair_value": 44.383158, "relative_strength": 1.701213, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.817724, "energy": 87.882685, "activity_lines": [ 47.831021, 47.742508, 47.585535, 47.446111 ] }, { "date": "2025-03-21", "close": 47.938933, "volume": 24043970, "typical_volume": 30243278.1, "trend": 47.29354, "fair_value": 44.420949, "relative_strength": 1.401875, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.270135, "energy": 88.499786, "activity_lines": [ 47.878326, 47.792489, 47.632833, 47.490574 ] }, { "date": "2025-03-28", "close": 47.967361, "volume": 29251764, "typical_volume": 30373079.4, "trend": 47.336428, "fair_value": 44.458908, "relative_strength": 3.021068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.418942, "energy": 75.58726, "activity_lines": [ 47.917881, 47.838304, 47.678414, 47.534046 ] }, { "date": "2025-04-04", "close": 48.016839, "volume": 39103868, "typical_volume": 29802602.3, "trend": 47.378062, "fair_value": 44.497076, "relative_strength": 13.250685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.688935, "energy": 75.597055, "activity_lines": [ 47.958584, 47.884462, 47.724461, 47.577944 ] }, { "date": "2025-04-11", "close": 47.93123, "volume": 96537804, "typical_volume": 33588691.8, "trend": 47.414683, "fair_value": 44.53491, "relative_strength": 6.992341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.448753, "energy": 68.524653, "activity_lines": [ 47.958404, 47.906184, 47.758004, 47.613632 ] }, { "date": "2025-04-18", "close": 48.026351, "volume": 34266764, "typical_volume": 33919992.2, "trend": 47.452007, "fair_value": 44.5733, "relative_strength": 8.786618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.298682, "energy": 71.942039, "activity_lines": [ 47.98539, 47.939086, 47.796841, 47.653094 ] }, { "date": "2025-04-25", "close": 48.130983, "volume": 28496020, "typical_volume": 32841287.8, "trend": 47.491276, "fair_value": 44.612308, "relative_strength": 4.309749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.952643, "energy": 75.241295, "activity_lines": [ 48.037003, 47.983523, 47.841737, 47.696899 ] }, { "date": "2025-05-02", "close": 48.179926, "volume": 45093546, "typical_volume": 33755000.15, "trend": 47.53354, "fair_value": 44.651702, "relative_strength": 1.574815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.15654, "energy": 75.055097, "activity_lines": [ 48.092128, 48.028669, 47.887279, 47.741328 ] }, { "date": "2025-05-09", "close": 48.179926, "volume": 37429264, "typical_volume": 33603940.05, "trend": 47.574254, "fair_value": 44.69099, "relative_strength": 2.09379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.182151, "energy": 72.510058, "activity_lines": [ 48.133081, 48.065765, 47.928663, 47.783031 ] }, { "date": "2025-05-16", "close": 48.227667, "volume": 28280220, "typical_volume": 34227020.3, "trend": 47.615011, "fair_value": 44.730691, "relative_strength": -2.796619, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.614592, "energy": 73.170912, "activity_lines": [ 48.179076, 48.105208, 47.970434, 47.825186 ] }, { "date": "2025-05-23", "close": 48.26586, "volume": 23237876, "typical_volume": 33899424.6, "trend": 47.657041, "fair_value": 44.770475, "relative_strength": -0.084321, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.825345, "energy": 76.23169, "activity_lines": [ 48.218039, 48.144968, 48.011724, 47.867177 ] }, { "date": "2025-05-30", "close": 48.332697, "volume": 22273386, "typical_volume": 33945726.2, "trend": 47.70113, "fair_value": 44.810656, "relative_strength": -1.552174, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.461226, "energy": 75.22012, "activity_lines": [ 48.263314, 48.18973, 48.055288, 47.910767 ] }, { "date": "2025-06-06", "close": 48.353922, "volume": 28646959, "typical_volume": 34181310.4, "trend": 47.743749, "fair_value": 44.851135, "relative_strength": -2.968002, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.929557, "energy": 77.678984, "activity_lines": [ 48.302216, 48.231191, 48.096554, 47.952883 ] }, { "date": "2025-06-13", "close": 48.421014, "volume": 25311095, "typical_volume": 34382379.25, "trend": 47.787671, "fair_value": 44.892312, "relative_strength": -2.377638, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.067124, "energy": 74.600772, "activity_lines": [ 48.351882, 48.277823, 48.140102, 47.996577 ] }, { "date": "2025-06-20", "close": 48.468937, "volume": 18421993, "typical_volume": 33808498.6, "trend": 47.831947, "fair_value": 44.93385, "relative_strength": -2.032338, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.228719, "energy": 82.547453, "activity_lines": [ 48.401451, 48.325819, 48.183967, 48.04053 ] }, { "date": "2025-06-27", "close": 48.555197, "volume": 27114478, "typical_volume": 33817345.85, "trend": 47.876921, "fair_value": 44.976052, "relative_strength": -5.001995, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.969543, "energy": 83.720664, "activity_lines": [ 48.463688, 48.379722, 48.231885, 48.087191 ] }, { "date": "2025-07-04", "close": 48.579935, "volume": 24397276, "typical_volume": 32601468.8, "trend": 47.919992, "fair_value": 45.018197, "relative_strength": -6.396696, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.270013, "energy": 91.003611, "activity_lines": [ 48.514882, 48.428508, 48.277679, 48.132547 ] }, { "date": "2025-07-11", "close": 48.618414, "volume": 20673733, "typical_volume": 32734432.05, "trend": 47.96372, "fair_value": 45.060374, "relative_strength": -5.940685, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.792716, "energy": 94.586934, "activity_lines": [ 48.562419, 48.476127, 48.322855, 48.177607 ] }, { "date": "2025-07-18", "close": 48.676133, "volume": 18740756, "typical_volume": 32250431.2, "trend": 48.009373, "fair_value": 45.102706, "relative_strength": -6.253734, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.957018, "energy": 96.00802, "activity_lines": [ 48.611564, 48.526269, 48.369331, 48.223569 ] }, { "date": "2025-07-25", "close": 48.704993, "volume": 19274246, "typical_volume": 31409944.8, "trend": 48.054114, "fair_value": 45.145223, "relative_strength": -7.389425, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.829249, "energy": 95.314299, "activity_lines": [ 48.65332, 48.572635, 48.414535, 48.268447 ] }, { "date": "2025-08-01", "close": 48.809194, "volume": 39855794, "typical_volume": 31522540.6, "trend": 48.100863, "fair_value": 45.188248, "relative_strength": -4.677522, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.378419, "energy": 97.893633, "activity_lines": [ 48.714074, 48.629268, 48.465654, 48.317162 ] }, { "date": "2025-08-08", "close": 48.847817, "volume": 27756056, "typical_volume": 31708144.9, "trend": 48.148272, "fair_value": 45.231251, "relative_strength": -6.662663, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.328416, "energy": 97.110255, "activity_lines": [ 48.770768, 48.683045, 48.515991, 48.365353 ] }, { "date": "2025-08-15", "close": 48.886439, "volume": 19904268, "typical_volume": 31240770.1, "trend": 48.194773, "fair_value": 45.27434, "relative_strength": -7.300911, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.161404, "energy": 95.755243, "activity_lines": [ 48.822478, 48.734479, 48.565679, 48.412976 ] }, { "date": "2025-08-22", "close": 48.954028, "volume": 20556058, "typical_volume": 30313379.6, "trend": 48.242274, "fair_value": 45.3177, "relative_strength": -7.265207, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.283406, "energy": 95.502421, "activity_lines": [ 48.878849, 48.788519, 48.617427, 48.461961 ] }, { "date": "2025-08-29", "close": 48.992651, "volume": 30632289, "typical_volume": 27018103.85, "trend": 48.288867, "fair_value": 45.36108, "relative_strength": -6.982075, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.261278, "energy": 95.694566, "activity_lines": [ 48.929567, 48.83989, 48.668391, 48.510372 ] }, { "date": "2025-09-05", "close": 49.07872, "volume": 34161198, "typical_volume": 27012825.55, "trend": 48.337676, "fair_value": 45.404957, "relative_strength": -6.875212, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.560208, "energy": 80.494827, "activity_lines": [ 48.989799, 48.897388, 48.722497, 48.56133 ] }, { "date": "2025-09-12", "close": 49.117487, "volume": 24339770, "typical_volume": 26805013.05, "trend": 48.385573, "fair_value": 45.449245, "relative_strength": -8.033766, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.36606, "energy": 82.87475, "activity_lines": [ 49.044984, 48.952417, 48.775284, 48.611641 ] }, { "date": "2025-09-19", "close": 49.165945, "volume": 29017551, "typical_volume": 26001213.3, "trend": 48.433198, "fair_value": 45.493789, "relative_strength": -8.862688, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.280729, "energy": 76.593383, "activity_lines": [ 49.098344, 49.006481, 48.827988, 48.661987 ] }, { "date": "2025-09-26", "close": 49.175637, "volume": 28259902, "typical_volume": 25542745.2, "trend": 48.477999, "fair_value": 45.538342, "relative_strength": -8.393912, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.121585, "energy": 78.982674, "activity_lines": [ 49.136301, 49.052354, 48.876921, 48.709887 ] }, { "date": "2025-10-03", "close": 49.232012, "volume": 35363845, "typical_volume": 25896926.45, "trend": 48.523628, "fair_value": 45.583242, "relative_strength": -9.101272, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.958269, "energy": 88.821372, "activity_lines": [ 49.178276, 49.099394, 48.92648, 48.758533 ] }, { "date": "2025-10-10", "close": 49.261195, "volume": 30494825, "typical_volume": 26259773.9, "trend": 48.569915, "fair_value": 45.628383, "relative_strength": -6.646787, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.462606, "energy": 75.476688, "activity_lines": [ 49.214021, 49.142158, 48.974037, 48.806118 ] }, { "date": "2025-10-17", "close": 49.339017, "volume": 21945843, "typical_volume": 26243396.75, "trend": 48.616584, "fair_value": 45.673753, "relative_strength": -7.943484, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.216413, "energy": 77.230475, "activity_lines": [ 49.263541, 49.190853, 49.024265, 48.855737 ] }, { "date": "2025-10-24", "close": 49.358473, "volume": 25026057, "typical_volume": 26062351.65, "trend": 48.662955, "fair_value": 45.71941, "relative_strength": -9.455596, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.832753, "energy": 75.699108, "activity_lines": [ 49.304779, 49.234155, 49.071555, 48.903601 ] }, { "date": "2025-10-31", "close": 49.387656, "volume": 33626752, "typical_volume": 26478134.5, "trend": 48.708649, "fair_value": 45.764841, "relative_strength": -9.805859, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.337368, "energy": 75.18735, "activity_lines": [ 49.342908, 49.27418, 49.11684, 48.950356 ] }, { "date": "2025-11-07", "close": 49.420605, "volume": 35345604, "typical_volume": 27324315.05, "trend": 48.758294, "fair_value": 45.810159, "relative_strength": -8.122022, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.27408, "energy": 74.801291, "activity_lines": [ 49.377886, 49.312312, 49.16066, 48.996288 ] }, { "date": "2025-11-14", "close": 49.430368, "volume": 26433823, "typical_volume": 27290282.3, "trend": 48.805095, "fair_value": 45.855268, "relative_strength": -8.062603, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.483193, "energy": 73.107241, "activity_lines": [ 49.403546, 49.344438, 49.200878, 49.039648 ] }, { "date": "2025-11-21", "close": 49.518236, "volume": 29690084, "typical_volume": 27554922.7, "trend": 48.851337, "fair_value": 45.900669, "relative_strength": -5.983833, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.085947, "energy": 77.154113, "activity_lines": [ 49.447217, 49.386147, 49.245297, 49.085657 ] }, { "date": "2025-11-28", "close": 49.547525, "volume": 19497462, "typical_volume": 27496109.15, "trend": 48.896923, "fair_value": 45.94582, "relative_strength": -9.133035, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.741585, "energy": 76.338025, "activity_lines": [ 49.488703, 49.425894, 49.288038, 49.130572 ] }, { "date": "2025-12-05", "close": 49.586134, "volume": 28952530, "typical_volume": 28006697.85, "trend": 48.943797, "fair_value": 45.991001, "relative_strength": -9.226657, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.36948, "energy": 88.658784, "activity_lines": [ 49.530455, 49.465723, 49.330031, 49.175038 ] }, { "date": "2025-12-12", "close": 49.615528, "volume": 25168302, "typical_volume": 28301400.65, "trend": 48.990059, "fair_value": 46.036025, "relative_strength": -8.506441, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.842738, "energy": 84.400933, "activity_lines": [ 49.568773, 49.503434, 49.37049, 49.218375 ] }, { "date": "2025-12-19", "close": 49.674314, "volume": 29290234, "typical_volume": 27773122.65, "trend": 49.037007, "fair_value": 46.081099, "relative_strength": -8.332315, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.126813, "energy": 89.157892, "activity_lines": [ 49.613691, 49.544859, 49.412212, 49.262521 ] }, { "date": "2025-12-26", "close": 49.723302, "volume": 22595656, "typical_volume": 27515102.65, "trend": 49.083361, "fair_value": 46.126209, "relative_strength": -9.347784, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.619212, "energy": 84.082449, "activity_lines": [ 49.658676, 49.58768, 49.45448, 49.306798 ] }, { "date": "2026-01-02", "close": 49.771934, "volume": 24188119, "typical_volume": 27729295.2, "trend": 49.130628, "fair_value": 46.171413, "relative_strength": -8.129125, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.1437, "energy": 77.22014, "activity_lines": [ 49.706201, 49.632357, 49.49721, 49.351222 ] }, { "date": "2026-01-09", "close": 49.781767, "volume": 33904024, "typical_volume": 28396693.5, "trend": 49.175986, "fair_value": 46.216461, "relative_strength": -9.313643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.830684, "energy": 76.054463, "activity_lines": [ 49.742042, 49.671303, 49.536661, 49.393231 ] }, { "date": "2026-01-16", "close": 49.821097, "volume": 33246910, "typical_volume": 28527424.55, "trend": 49.221058, "fair_value": 46.261216, "relative_strength": -8.739985, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.606427, "energy": 88.179288, "activity_lines": [ 49.777952, 49.710235, 49.575915, 49.434851 ] }, { "date": "2026-01-23", "close": 49.870259, "volume": 26546608, "typical_volume": 28146695.05, "trend": 49.264894, "fair_value": 46.306177, "relative_strength": -8.177176, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.152356, "energy": 86.192678, "activity_lines": [ 49.816544, 49.750824, 49.615907, 49.476735 ] }, { "date": "2026-01-30", "close": 49.929254, "volume": 42206520, "typical_volume": 29040032.55, "trend": 49.309871, "fair_value": 46.351183, "relative_strength": -8.256691, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.778057, "energy": 77.433104, "activity_lines": [ 49.861738, 49.794141, 49.657747, 49.519597 ] }, { "date": "2026-02-06", "close": 49.970723, "volume": 38544574, "typical_volume": 29516383.7, "trend": 49.354948, "fair_value": 46.396345, "relative_strength": -7.824593, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.377221, "energy": 80.616166, "activity_lines": [ 49.907025, 49.837525, 49.699672, 49.562232 ] }, { "date": "2026-02-13", "close": 50.029919, "volume": 34031349, "typical_volume": 29804956.05, "trend": 49.400074, "fair_value": 46.441668, "relative_strength": -6.383203, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.251634, "energy": 77.611916, "activity_lines": [ 49.958791, 49.883977, 49.743402, 49.605779 ] }, { "date": "2026-02-20", "close": 50.04965, "volume": 21826459, "typical_volume": 29128086.75, "trend": 49.444896, "fair_value": 46.487172, "relative_strength": -7.20958, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.368254, "energy": 91.402683, "activity_lines": [ 50.000591, 49.925948, 49.784944, 49.647687 ] }, { "date": "2026-02-27", "close": 50.079248, "volume": 27221273, "typical_volume": 28964409.15, "trend": 49.487231, "fair_value": 46.532678, "relative_strength": -6.495139, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.356199, "energy": 91.395524, "activity_lines": [ 50.03702, 49.965408, 49.82541, 49.688613 ] }, { "date": "2026-03-06", "close": 50.044485, "volume": 34363339, "typical_volume": 29585283.95, "trend": 49.52712, "fair_value": 46.577575, "relative_strength": -4.441508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.648813, "energy": 68.990541, "activity_lines": [ 50.047929, 49.991184, 49.858671, 49.724565 ] }, { "date": "2026-03-13", "close": 50.004893, "volume": 43356365, "typical_volume": 30501799.35, "trend": 49.564402, "fair_value": 46.621835, "relative_strength": -2.80919, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.234321, "energy": 68.329587, "activity_lines": [ 50.037958, 50.003922, 49.884801, 49.755389 ] }, { "date": "2026-03-20", "close": 50.004893, "volume": 24721524, "typical_volume": 30056537.95, "trend": 49.599431, "fair_value": 46.66571, "relative_strength": -0.810078, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.665464, "energy": 67.297507, "activity_lines": [ 50.025709, 50.012424, 49.907853, 49.783807 ] }, { "date": "2026-03-27", "close": 50.014791, "volume": 30120256, "typical_volume": 29795270.55, "trend": 49.633502, "fair_value": 46.709868, "relative_strength": 1.687395, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.556064, "energy": 61.815715, "activity_lines": [ 50.018428, 50.01867, 49.928909, 49.810605 ] }, { "date": "2026-04-03", "close": 50.116621, "volume": 41443788, "typical_volume": 30545768.8, "trend": 49.668099, "fair_value": 46.753971, "relative_strength": -0.999649, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.993013, "energy": 72.298248, "activity_lines": [ 50.047415, 50.039908, 49.956833, 49.841774 ] }, { "date": "2026-04-10", "close": 50.156349, "volume": 35423547, "typical_volume": 30832441.95, "trend": 49.702728, "fair_value": 46.798439, "relative_strength": -3.960594, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.838556, "energy": 73.322779, "activity_lines": [ 50.087152, 50.06389, 49.985273, 49.873274 ] }, { "date": "2026-04-17", "close": 50.21594, "volume": 35139529, "typical_volume": 31614545.3, "trend": 49.737727, "fair_value": 46.843233, "relative_strength": -7.501448, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.475874, "energy": 75.217755, "activity_lines": [ 50.139296, 50.094578, 50.01635, 49.906384 ] }, { "date": "2026-04-24", "close": 50.255668, "volume": 27781533, "typical_volume": 31555995.45, "trend": 49.773729, "fair_value": 46.887787, "relative_strength": -7.501695, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.249981, "energy": 81.574096, "activity_lines": [ 50.190612, 50.12803, 50.048028, 49.9398 ] }, { "date": "2026-05-01", "close": 50.111906, "volume": 36039152, "typical_volume": 32099537.95, "trend": 49.803058, "fair_value": 46.930938, "relative_strength": -8.243723, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.693297, "energy": 67.316629, "activity_lines": [ 50.177289, 50.13124, 50.062825, 49.961618 ] }, { "date": "2026-05-08", "close": 50.161571, "volume": 29578697, "typical_volume": 32113961.1, "trend": 49.833071, "fair_value": 46.974298, "relative_strength": -9.846098, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.957701, "energy": 65.891031, "activity_lines": [ 50.174047, 50.142347, 50.079989, 49.984748 ] }, { "date": "2026-05-15", "close": 50.161571, "volume": 25549933, "typical_volume": 32261674.95, "trend": 49.860489, "fair_value": 47.018044, "relative_strength": -9.70751, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.079619, "energy": 61.854993, "activity_lines": [ 50.167809, 50.151958, 50.094833, 50.005941 ] }, { "date": "2026-05-22", "close": 50.19137, "volume": 30025932, "typical_volume": 32553565.6, "trend": 49.888253, "fair_value": 47.062314, "relative_strength": -10.046815, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.614154, "energy": 54.952815, "activity_lines": [ 50.171155, 50.164858, 50.110427, 50.027288 ] }, { "date": "2026-05-29", "close": 50.280767, "volume": 38397154, "typical_volume": 32778222.1, "trend": 49.918023, "fair_value": 47.106591, "relative_strength": -10.800137, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.655841, "energy": 64.597808, "activity_lines": [ 50.205938, 50.190621, 50.132538, 50.052612 ] }, { "date": "2026-06-05", "close": 50.239852, "volume": 40473963, "typical_volume": 33139574.75, "trend": 49.945331, "fair_value": 47.150495, "relative_strength": -8.265229, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.07935, "energy": 60.458022, "activity_lines": [ 50.22541, 50.20393, 50.148377, 50.073375 ] }, { "date": "2026-06-12", "close": 50.319582, "volume": 26274944, "typical_volume": 33125991.55, "trend": 49.974972, "fair_value": 47.194798, "relative_strength": -8.302709, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.034187, "energy": 68.911102, "activity_lines": [ 50.262929, 50.227643, 50.169814, 50.09752 ] }, { "date": "2026-06-19", "close": 50.329549, "volume": 25971775, "typical_volume": 32314254.3, "trend": 50.002015, "fair_value": 47.238943, "relative_strength": -8.772807, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.365499, "energy": 78.56273, "activity_lines": [ 50.293236, 50.249478, 50.190062, 50.120396 ] }, { "date": "2026-06-26", "close": 50.399312, "volume": 28655537, "typical_volume": 31819802.45, "trend": 50.030408, "fair_value": 47.283425, "relative_strength": -6.160647, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.69649, "energy": 83.637904, "activity_lines": [ 50.335598, 50.280847, 50.215047, 50.146028 ] }, { "date": "2026-07-03", "close": 50.250932, "volume": 33865408, "typical_volume": 31811505.4, "trend": 50.052568, "fair_value": 47.326788, "relative_strength": -8.155068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.211908, "energy": 58.532781, "activity_lines": [ 50.314638, 50.281905, 50.22386, 50.160256 ] }, { "date": "2026-07-10", "close": 50.280831, "volume": 27187962, "typical_volume": 32079580.55, "trend": 50.074745, "fair_value": 47.369674, "relative_strength": -9.047414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.993639, "energy": 52.345506, "activity_lines": [ 50.305633, 50.288485, 50.234468, 50.174982 ] }, { "date": "2026-07-17", "close": 50.330663, "volume": 28360626, "typical_volume": 32136548.2, "trend": 50.096623, "fair_value": 47.412768, "relative_strength": -7.26837, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.940973, "energy": 49.96977, "activity_lines": [ 50.310507, 50.301054, 50.248721, 50.191493 ] }, { "date": "2026-07-24", "close": 50.31073, "volume": 24744358, "typical_volume": 31655599.15, "trend": 50.116204, "fair_value": 47.455344, "relative_strength": -6.531517, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.413713, "energy": 38.953557, "activity_lines": [ 50.307998, 50.306924, 50.259878, 50.205306 ] }, { "date": "2026-07-31", "close": 50.370529, "volume": 29743533, "typical_volume": 30974957.55, "trend": 50.136157, "fair_value": 47.497821, "relative_strength": -7.142231, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.545598, "energy": 51.15083, "activity_lines": [ 50.326677, 50.320955, 50.275463, 50.221714 ] }, { "date": "2026-08-07", "close": 50.44, "volume": 37826273, "typical_volume": 31630195.0, "trend": 50.158099, "fair_value": 47.540575, "relative_strength": -9.875273, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.439715, "energy": 68.118558, "activity_lines": [ 50.370431, 50.34436, 50.295923, 50.241317 ] } ], "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." } } }