{ "ticker": { "uuid": "42c09d5c-780b-461c-96c5-54dbaea55e8c", "symbol": "IBGK", "name": "ISHARES IBONDS DEC 2054 TERM TREASURY ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 72.84, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -67.883, "architecture_energy": 78.182, "architecture_maturity": 40.467, "architecture_confidence": 82.426, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 13.74, "rotation_up": 8.46, "upward_expansion": 17.91, "deceleration": 37.02, "rotation_down": 80.85, "downward_expansion": 95.91 }, "activity_lines": [ 22.411441, 22.674284, 22.82417, 22.9423 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 22.3856, "trend_reference": 23.097861, "distance_from_trend": -0.030837, "trend_direction": "Weakening", "fair_value": 23.136362, "distance_from_fair_value": -0.032449, "fair_value_direction": "Weakening", "relative_strength": -15.806176, "relative_strength_direction": "Improving", "price_momentum": -0.037711, "excess_performance": -0.225165, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.030837, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.007078, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.032449, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.028432, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.158062, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011592, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.037711, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.578247, "read": "Supply-led" } ], "volume": { "latest": 3673, "relative_activity": 0.687506, "balance": 0.578247, "dry_up": 0.611979, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.016174, "annualized_volatility": 0.094675, "from_high_reference": -0.072537, "from_low_reference": 0.013064 }, "levels": { "trend_reference": 23.097861, "fair_value_reference": 23.136362, "structural_low": 22.096921, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.006477, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.05422, "regime_survival": 1.0, "best_return": 0.023773, "worst_return": -0.044912, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.010147, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.228308, "regime_survival": 1.0, "best_return": -0.010147, "worst_return": -0.010147, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-02-20", "tenure": "Developing", "return": 0.024939, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.04136, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.001825, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.037968, "active": true } ], "chart_path": [ { "date": "2024-06-14", "close": 23.50456, "volume": 6902, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 23.327798, "volume": 8828, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 22.833756, "volume": 37, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 23.056872, "volume": 683, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 23.387174, "volume": 16, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 23.179084, "volume": 2445, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 23.187281, "volume": 229, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 24.551285, "volume": 5809, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 24.100995, "volume": 20124, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 24.406284, "volume": 3253, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 24.617835, "volume": 31194, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 24.185487, "volume": 2108, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 24.955183, "volume": 18159, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 25.160415, "volume": 887, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 24.789673, "volume": 3071, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 24.734503, "volume": 838, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 24.069229, "volume": 11002, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 23.593472, "volume": 4392, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 23.64578, "volume": 92, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 23.229712, "volume": 1076, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 23.005035, "volume": 17613, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 23.408008, "volume": 2740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 22.806141, "volume": 15887, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 22.898736, "volume": 6494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 23.787648, "volume": 1161, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 23.961933, "volume": 29314, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 22.923862, "volume": 172, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 22.529511, "volume": 10943, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 22.227899, "volume": 197, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 22.257619, "volume": 1582, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 21.751338, "volume": 1693, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 22.201366, "volume": 1132, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 22.195834, "volume": 679, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 22.325217, "volume": 2492, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 22.774039, "volume": 1230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 22.749759, "volume": 920, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 22.854877, "volume": 533, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 23.630418, "volume": 484, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 23.104168, "volume": 4062, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 23.104734, "volume": 1651, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 23.208597, "volume": 897, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 23.063473, "volume": 170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 23.899549, "volume": 815, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 22.338684, "volume": 5130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 22.523497, "volume": 3445, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 22.859952, "volume": 3010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 22.632614, "volume": 2662, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 22.479358, "volume": 701, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 22.270071, "volume": 155, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 21.825526, "volume": 1835, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 22.241532, "volume": 1814, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 22.106199, "volume": 1480, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 22.337433, "volume": 568, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 22.383184, "volume": 971, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 22.602383, "volume": 915, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 22.596827, "volume": 2945, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 22.257635, "volume": 834, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 22.131852, "volume": 7469, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 22.419466, "volume": 1440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 22.855024, "volume": 292, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 22.718262, "volume": 1245, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 22.495747, "volume": 177, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 22.644828, "volume": 1870, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 22.536747, "volume": 3203, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 23.126875, "volume": 1380, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 23.485257, "volume": 425, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 23.255772, "volume": 215, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 23.213451, "volume": 544, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 23.392725, "volume": 7407, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 23.717901, "volume": 8824, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 23.876659, "volume": 97, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 23.944545, "volume": 12154, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 23.659228, "volume": 5824, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 23.549123, "volume": 19016, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 23.387528, "volume": 8220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 23.528681, "volume": 4386, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 23.699913, "volume": 495, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 23.27643, "volume": 2926, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 23.072438, "volume": 6054, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 23.187389, "volume": 230, "typical_volume": 4234.6, "trend": 22.990034, "fair_value": 23.147711, "relative_strength": -11.202388, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.599936, "energy": 16.310295, "activity_lines": [ 23.265633, 23.394297, 23.414545, 23.24629 ] }, { "date": "2025-12-26", "close": 23.260756, "volume": 3946, "typical_volume": 4369.65, "trend": 23.024009, "fair_value": 23.149107, "relative_strength": -11.792036, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.404171, "energy": 21.283826, "activity_lines": [ 23.234895, 23.34749, 23.411905, 23.263756 ] }, { "date": "2026-01-02", "close": 23.09313, "volume": 7256, "typical_volume": 4723.6, "trend": 23.056906, "fair_value": 23.148424, "relative_strength": -10.667061, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.74023, "energy": 22.162148, "activity_lines": [ 23.166143, 23.281404, 23.390717, 23.268215 ] }, { "date": "2026-01-09", "close": 23.302344, "volume": 5016, "typical_volume": 4880.9, "trend": 23.08907, "fair_value": 23.150278, "relative_strength": -11.565398, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.7449, "energy": 15.724967, "activity_lines": [ 23.207582, 23.268837, 23.38661, 23.28405 ] }, { "date": "2026-01-16", "close": 23.275273, "volume": 19400, "typical_volume": 5690.75, "trend": 23.118806, "fair_value": 23.151766, "relative_strength": -10.685229, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.196335, "energy": 11.139671, "activity_lines": [ 23.238269, 23.257837, 23.376794, 23.296063 ] }, { "date": "2026-01-23", "close": 23.297538, "volume": 1207, "typical_volume": 5682.1, "trend": 23.141978, "fair_value": 23.153481, "relative_strength": -10.616558, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.447243, "energy": 11.934756, "activity_lines": [ 23.262855, 23.255864, 23.365581, 23.307594 ] }, { "date": "2026-01-30", "close": 23.123242, "volume": 3444, "typical_volume": 5833.05, "trend": 23.159525, "fair_value": 23.15313, "relative_strength": -10.927633, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.252554, "energy": 4.503651, "activity_lines": [ 23.222, 23.223837, 23.336956, 23.306385 ] }, { "date": "2026-02-06", "close": 23.262871, "volume": 3448, "typical_volume": 5994.7, "trend": 23.193033, "fair_value": 23.154391, "relative_strength": -8.356662, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.91012, "energy": 11.05244, "activity_lines": [ 23.236855, 23.224569, 23.323353, 23.313053 ] }, { "date": "2026-02-13", "close": 23.837343, "volume": 2132, "typical_volume": 6074.1, "trend": 23.249883, "fair_value": 23.162152, "relative_strength": -4.760726, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.202822, "energy": 31.212411, "activity_lines": [ 23.431885, 23.337697, 23.364428, 23.354621 ] }, { "date": "2026-02-20", "close": 23.765657, "volume": 1232, "typical_volume": 5765.35, "trend": 23.294756, "fair_value": 23.168933, "relative_strength": -5.920488, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.761805, "energy": 51.662084, "activity_lines": [ 23.567353, 23.427592, 23.395704, 23.387897 ] }, { "date": "2026-02-27", "close": 24.119656, "volume": 7607, "typical_volume": 5704.5, "trend": 23.33691, "fair_value": 23.179496, "relative_strength": -3.967825, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.632552, "energy": 78.944111, "activity_lines": [ 23.788128, 23.569247, 23.458919, 23.441116 ] }, { "date": "2026-03-06", "close": 23.618214, "volume": 2342, "typical_volume": 5816.75, "trend": 23.366909, "fair_value": 23.184318, "relative_strength": -4.433932, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.669943, "energy": 70.590069, "activity_lines": [ 23.786948, 23.60278, 23.472465, 23.459265 ] }, { "date": "2026-03-13", "close": 23.122078, "volume": 325, "typical_volume": 5225.3, "trend": 23.387786, "fair_value": 23.183641, "relative_strength": -5.071868, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.623745, "energy": 27.89475, "activity_lines": [ 23.587391, 23.539608, 23.43999, 23.44347 ] }, { "date": "2026-03-20", "close": 22.950638, "volume": 1511, "typical_volume": 5009.65, "trend": 23.39798, "fair_value": 23.181136, "relative_strength": -3.477415, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.14246, "energy": 14.861695, "activity_lines": [ 23.340074, 23.444738, 23.395104, 23.415266 ] }, { "date": "2026-03-27", "close": 22.908742, "volume": 3461, "typical_volume": 4231.9, "trend": 23.41038, "fair_value": 23.178238, "relative_strength": -0.03279, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.533665, "energy": 47.441314, "activity_lines": [ 23.137905, 23.348646, 23.349602, 23.383703 ] }, { "date": "2026-04-03", "close": 23.269086, "volume": 4823, "typical_volume": 4062.05, "trend": 23.41512, "fair_value": 23.179194, "relative_strength": -1.556643, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.268003, "energy": 44.389144, "activity_lines": [ 23.112979, 23.324734, 23.341468, 23.374587 ] }, { "date": "2026-04-10", "close": 23.192892, "volume": 3515, "typical_volume": 4018.5, "trend": 23.405375, "fair_value": 23.179337, "relative_strength": -5.553998, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.431672, "energy": 50.411829, "activity_lines": [ 23.119359, 23.287487, 23.326641, 23.36025 ] }, { "date": "2026-04-17", "close": 23.334366, "volume": 1391, "typical_volume": 4063.3, "trend": 23.407995, "fair_value": 23.180935, "relative_strength": -9.863734, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.262112, "energy": 35.173543, "activity_lines": [ 23.201252, 23.274696, 23.326887, 23.355668 ] }, { "date": "2026-04-24", "close": 23.237438, "volume": 167, "typical_volume": 3925.35, "trend": 23.408794, "fair_value": 23.181512, "relative_strength": -11.595561, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.180803, "energy": 19.934915, "activity_lines": [ 23.236683, 23.242981, 23.319643, 23.344665 ] }, { "date": "2026-05-01", "close": 22.965456, "volume": 1218, "typical_volume": 3683.55, "trend": 23.394552, "fair_value": 23.179329, "relative_strength": -13.439745, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.275442, "energy": 29.684723, "activity_lines": [ 23.162333, 23.172723, 23.286681, 23.316062 ] }, { "date": "2026-05-08", "close": 23.085276, "volume": 11423, "typical_volume": 4243.2, "trend": 23.373464, "fair_value": 23.178389, "relative_strength": -16.96541, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.150366, "energy": 27.977181, "activity_lines": [ 23.124143, 23.138799, 23.26564, 23.296109 ] }, { "date": "2026-05-15", "close": 22.466322, "volume": 19919, "typical_volume": 5041.85, "trend": 23.326453, "fair_value": 23.171339, "relative_strength": -18.481559, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.714123, "energy": 69.379374, "activity_lines": [ 22.891888, 23.011145, 23.186137, 23.237584 ] }, { "date": "2026-05-22", "close": 22.717775, "volume": 6663, "typical_volume": 5012.2, "trend": 23.285561, "fair_value": 23.166892, "relative_strength": -18.098163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.600034, "energy": 69.183977, "activity_lines": [ 22.791889, 22.950154, 23.134366, 23.198314 ] }, { "date": "2026-05-29", "close": 22.96764, "volume": 4972, "typical_volume": 5010.0, "trend": 23.262508, "fair_value": 23.164957, "relative_strength": -19.047693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.208392, "energy": 61.895734, "activity_lines": [ 22.816285, 22.941943, 23.108178, 23.177803 ] }, { "date": "2026-06-05", "close": 22.918807, "volume": 21980, "typical_volume": 5139.0, "trend": 23.241497, "fair_value": 23.162591, "relative_strength": -15.012026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.764038, "energy": 58.790394, "activity_lines": [ 22.842389, 22.924544, 23.078933, 23.155629 ] }, { "date": "2026-06-12", "close": 23.090541, "volume": 662, "typical_volume": 5111.75, "trend": 23.231598, "fair_value": 23.161904, "relative_strength": -15.861992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.328555, "energy": 29.821387, "activity_lines": [ 22.928848, 22.938187, 23.067742, 23.14589 ] }, { "date": "2026-06-19", "close": 23.358558, "volume": 6263, "typical_volume": 5252.7, "trend": 23.225927, "fair_value": 23.16376, "relative_strength": -16.633178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.046936, "energy": 15.861372, "activity_lines": [ 23.104295, 23.003807, 23.083062, 23.154081 ] }, { "date": "2026-06-26", "close": 23.513647, "volume": 2548, "typical_volume": 5207.7, "trend": 23.219718, "fair_value": 23.16703, "relative_strength": -11.762806, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 18.020275, "energy": 24.80355, "activity_lines": [ 23.271956, 23.094612, 23.112031, 23.172643 ] }, { "date": "2026-07-03", "close": 23.032978, "volume": 226, "typical_volume": 5112.4, "trend": 23.211603, "fair_value": 23.165788, "relative_strength": -13.933088, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 4.590984, "energy": 17.817647, "activity_lines": [ 23.226336, 23.094763, 23.094028, 23.160596 ] }, { "date": "2026-07-10", "close": 22.747779, "volume": 4541, "typical_volume": 5277.85, "trend": 23.200781, "fair_value": 23.161953, "relative_strength": -16.126698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.870851, "energy": 23.244724, "activity_lines": [ 23.081294, 23.046777, 23.052694, 23.130671 ] }, { "date": "2026-07-17", "close": 22.76411, "volume": 4842, "typical_volume": 5139.6, "trend": 23.186672, "fair_value": 23.158337, "relative_strength": -12.114239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.039663, "energy": 30.607581, "activity_lines": [ 22.953097, 23.005719, 23.017762, 23.102499 ] }, { "date": "2026-07-24", "close": 22.457602, "volume": 750, "typical_volume": 5060.0, "trend": 23.1599, "fair_value": 23.152024, "relative_strength": -11.575669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.376925, "energy": 64.143085, "activity_lines": [ 22.744493, 22.914771, 22.960094, 23.055462 ] }, { "date": "2026-07-31", "close": 22.148703, "volume": 3813, "typical_volume": 5234.4, "trend": 23.128419, "fair_value": 23.143065, "relative_strength": -12.852145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.508105, "energy": 81.921112, "activity_lines": [ 22.492986, 22.767818, 22.878534, 22.990224 ] }, { "date": "2026-08-07", "close": 22.3856, "volume": 3673, "typical_volume": 5342.5, "trend": 23.097861, "fair_value": 23.136362, "relative_strength": -15.806176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.882548, "energy": 78.182383, "activity_lines": [ 22.411441, 22.674284, 22.82417, 22.9423 ] } ], "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." } } }