{ "ticker": { "uuid": "44d0633d-9522-4ac3-a03d-1ce477e76b91", "symbol": "IBAT", "name": "ISHARES ENERGY STORAGE & MATERIALS 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 88.485, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 1.488, "architecture_energy": 20.354, "architecture_maturity": 49.902, "architecture_confidence": 83.323, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 58.87, "rotation_up": 14.77, "upward_expansion": 42.2, "deceleration": 84.33, "rotation_down": 44.52, "downward_expansion": 36.2 }, "activity_lines": [ 39.235467, 40.531485, 41.735734, 40.541859 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 40.6771, "trend_reference": 38.548867, "distance_from_trend": 0.055209, "trend_direction": "Improving", "fair_value": 27.515966, "distance_from_fair_value": 0.478309, "fair_value_direction": "Weakening", "relative_strength": 4.656527, "relative_strength_direction": "Weakening", "price_momentum": 0.232196, "excess_performance": 0.044742, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055209, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.114022, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.478309, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.230787, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.046565, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.218081, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.232196, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.731301, "read": "Supply-led" } ], "volume": { "latest": 189708, "relative_activity": 0.878001, "balance": 0.731301, "dry_up": 0.856084, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.090666, "annualized_volatility": 0.372543, "from_high_reference": -0.1552, "from_low_reference": 0.688834 }, "levels": { "trend_reference": 38.548867, "fair_value_reference": 27.515966, "structural_low": 31.292199, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.057222, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.057404, "regime_survival": 0.5, "best_return": 0.259557, "worst_return": -0.019356, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.196283, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.102798, "regime_survival": 0.0, "best_return": 0.266751, "worst_return": 0.125816, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.46545, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.288225, "regime_survival": 0.0, "best_return": 0.46545, "worst_return": 0.46545, "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": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-12-05", "tenure": "Developing", "return": 0.120058, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": 0.05941, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": 0.022321, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.102914, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-03", "tenure": "Developing", "return": 0.08866, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.019356, "active": true } ], "chart_path": [ { "date": "2024-03-22", "close": 25.066141, "volume": 645, "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": "2024-03-29", "close": 24.858386, "volume": 12298, "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": "2024-04-05", "close": 24.077121, "volume": 3326, "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": "2024-04-12", "close": 23.245324, "volume": 574, "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": "2024-04-19", "close": 22.671038, "volume": 209, "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": "2024-04-26", "close": 23.052699, "volume": 2503, "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": "2024-05-03", "close": 24.054716, "volume": 3956, "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": "2024-05-10", "close": 23.614666, "volume": 399, "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": "2024-05-17", "close": 24.044144, "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": "2024-05-24", "close": 24.136286, "volume": 2844, "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": "2024-05-31", "close": 23.671891, "volume": 5531, "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": "2024-06-07", "close": 23.868881, "volume": 4923, "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": "2024-06-14", "close": 23.420205, "volume": 1122, "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": 23.445318, "volume": 847, "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": 22.958405, "volume": 868, "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": 23.4418, "volume": 3054, "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": 24.55575, "volume": 6474, "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": 23.556029, "volume": 5394, "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": 23.353857, "volume": 1016, "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": 22.474423, "volume": 2988, "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": 22.030113, "volume": 1152, "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": 22.944041, "volume": 3155, "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": 23.774031, "volume": 985, "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": 23.969461, "volume": 2977, "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": 22.748025, "volume": 1544, "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": 23.759374, "volume": 867, "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": 24.205931, "volume": 1768, "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": 25.34128, "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": "2024-10-04", "close": 24.839123, "volume": 1494, "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": 24.643693, "volume": 2248, "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": 23.969461, "volume": 1779, "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": 23.480886, "volume": 3502, "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": 23.190966, "volume": 3225, "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": 22.738253, "volume": 819, "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": 22.288765, "volume": 978, "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": 23.080255, "volume": 845, "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": 23.138884, "volume": 12947, "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": 23.065598, "volume": 1431, "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": 22.738253, "volume": 525, "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": 21.919986, "volume": 2738, "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": 21.879221, "volume": 4615, "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": 21.895134, "volume": 12078, "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": 21.413814, "volume": 1626, "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": 21.850931, "volume": 2183, "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": 22.612202, "volume": 2227, "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": 21.796906, "volume": 1347, "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": 21.50831, "volume": 14696, "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": 22.160351, "volume": 1053, "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": 22.329697, "volume": 547, "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": 21.63974, "volume": 13305, "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": 22.349637, "volume": 7188, "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": 21.84602, "volume": 1102, "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": 21.831089, "volume": 4362, "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": 21.148597, "volume": 348, "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": 19.016941, "volume": 5090, "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": 19.630672, "volume": 2824, "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": 19.77831, "volume": 2121, "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": 20.378977, "volume": 4704, "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": 20.3611, "volume": 3545, "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": 20.573961, "volume": 536, "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": 20.814621, "volume": 4158, "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": 20.380549, "volume": 3232, "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": 20.627986, "volume": 1952, "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": 21.079838, "volume": 4563, "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": 21.109306, "volume": 1074, "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": 20.62545, "volume": 733, "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": 21.669834, "volume": 1975, "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": 22.695077, "volume": 6318, "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": 22.593614, "volume": 4695, "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": 22.975464, "volume": 4675, "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": 24.106334, "volume": 18273, "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": 23.140006, "volume": 5129, "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": 24.063091, "volume": 6367, "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": 24.842859, "volume": 8835, "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": 25.384193, "volume": 15287, "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": 25.212013, "volume": 2930, "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": 25.658926, "volume": 2332, "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": 26.460117, "volume": 5930, "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": 27.810576, "volume": 87811, "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": 27.220445, "volume": 9293, "typical_volume": 9778.1, "trend": 22.512853, "fair_value": 22.948817, "relative_strength": 5.011135, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.951649, "energy": 72.138552, "activity_lines": [ 26.88365, 26.071512, 24.649255, 23.614009 ] }, { "date": "2025-10-03", "close": 29.129694, "volume": 10016, "typical_volume": 10071.0, "trend": 22.738855, "fair_value": 23.025124, "relative_strength": 11.178332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.161878, "energy": 84.438325, "activity_lines": [ 27.769409, 26.751482, 25.192701, 24.040902 ] }, { "date": "2025-10-10", "close": 27.570259, "volume": 16951, "typical_volume": 10756.95, "trend": 22.929663, "fair_value": 23.080553, "relative_strength": 7.832996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.892502, "energy": 67.444512, "activity_lines": [ 27.874178, 27.056585, 25.548033, 24.352605 ] }, { "date": "2025-10-17", "close": 29.990195, "volume": 43425, "typical_volume": 12830.6, "trend": 23.201633, "fair_value": 23.163801, "relative_strength": 14.448272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.912612, "energy": 73.563443, "activity_lines": [ 28.658171, 27.721127, 26.099599, 24.808124 ] }, { "date": "2025-10-24", "close": 31.065128, "volume": 31264, "typical_volume": 14165.65, "trend": 23.532185, "fair_value": 23.257865, "relative_strength": 15.882577, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.32816, "energy": 74.667461, "activity_lines": [ 29.565135, 28.473345, 26.708958, 25.315446 ] }, { "date": "2025-10-31", "close": 31.795007, "volume": 63932, "typical_volume": 17308.55, "trend": 23.95812, "fair_value": 23.358302, "relative_strength": 16.208942, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.978754, "energy": 73.863656, "activity_lines": [ 30.498423, 29.245136, 27.340279, 25.848531 ] }, { "date": "2025-11-07", "close": 31.560442, "volume": 69603, "typical_volume": 20752.05, "trend": 24.355779, "fair_value": 23.453675, "relative_strength": 18.625662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.868798, "energy": 76.863498, "activity_lines": [ 31.048551, 29.857719, 27.898377, 26.339004 ] }, { "date": "2025-11-14", "close": 30.409139, "volume": 34709, "typical_volume": 22388.75, "trend": 24.71014, "fair_value": 23.533623, "relative_strength": 14.220849, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.201231, "energy": 66.295762, "activity_lines": [ 31.052862, 30.145548, 28.294756, 26.729543 ] }, { "date": "2025-11-21", "close": 28.413998, "volume": 45365, "typical_volume": 24341.1, "trend": 24.977974, "fair_value": 23.589082, "relative_strength": 10.015168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.175401, "energy": 56.06556, "activity_lines": [ 30.202868, 29.984257, 28.459505, 26.968501 ] }, { "date": "2025-11-28", "close": 29.907379, "volume": 38585, "typical_volume": 26035.6, "trend": 25.296183, "fair_value": 23.660074, "relative_strength": 10.211954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.550901, "energy": 40.799764, "activity_lines": [ 29.955746, 30.058965, 28.739249, 27.286528 ] }, { "date": "2025-12-05", "close": 30.488485, "volume": 13747, "typical_volume": 26489.2, "trend": 25.626667, "fair_value": 23.735945, "relative_strength": 11.005372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.025136, "energy": 35.042121, "activity_lines": [ 29.97951, 30.201204, 29.039508, 27.621515 ] }, { "date": "2025-12-12", "close": 29.556176, "volume": 24579, "typical_volume": 26804.5, "trend": 25.918053, "fair_value": 23.799904, "relative_strength": 9.447385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.19737, "energy": 27.300769, "activity_lines": [ 29.779606, 30.114514, 29.215199, 27.875031 ] }, { "date": "2025-12-19", "close": 28.633059, "volume": 67189, "typical_volume": 29907.5, "trend": 26.193136, "fair_value": 23.852438, "relative_strength": 5.259591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.412206, "energy": 25.901735, "activity_lines": [ 29.405614, 29.85223, 29.277023, 28.050193 ] }, { "date": "2025-12-26", "close": 28.983229, "volume": 13483, "typical_volume": 30263.3, "trend": 26.471644, "fair_value": 23.907608, "relative_strength": 5.0435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.412975, "energy": 21.104114, "activity_lines": [ 29.266751, 29.634289, 29.34604, 28.230199 ] }, { "date": "2026-01-02", "close": 29.210103, "volume": 10207, "typical_volume": 30331.9, "trend": 26.742653, "fair_value": 23.964018, "relative_strength": 7.481943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.73882, "energy": 18.301346, "activity_lines": [ 29.165563, 29.475907, 29.413234, 28.406874 ] }, { "date": "2026-01-09", "close": 30.412094, "volume": 339263, "typical_volume": 46530.7, "trend": 27.052746, "fair_value": 24.031892, "relative_strength": 9.199719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.727012, "energy": 18.912744, "activity_lines": [ 29.511524, 29.569797, 29.574107, 28.643612 ] }, { "date": "2026-01-16", "close": 31.312118, "volume": 167165, "typical_volume": 54742.45, "trend": 27.408968, "fair_value": 24.107728, "relative_strength": 13.000517, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.743392, "energy": 39.509388, "activity_lines": [ 30.162586, 29.852471, 29.796754, 28.91841 ] }, { "date": "2026-01-23", "close": 32.304067, "volume": 190450, "typical_volume": 64148.35, "trend": 27.763443, "fair_value": 24.192226, "relative_strength": 15.859026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.982828, "energy": 66.284982, "activity_lines": [ 31.027235, 30.320014, 30.084824, 29.234223 ] }, { "date": "2026-01-30", "close": 32.191028, "volume": 108936, "typical_volume": 69298.65, "trend": 28.079975, "fair_value": 24.273847, "relative_strength": 15.125741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.929942, "energy": 75.519248, "activity_lines": [ 31.60947, 30.732552, 30.330485, 29.519874 ] }, { "date": "2026-02-06", "close": 33.011876, "volume": 113628, "typical_volume": 70589.5, "trend": 28.42725, "fair_value": 24.36211, "relative_strength": 19.771545, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.279456, "energy": 81.571874, "activity_lines": [ 32.251468, 31.225662, 30.627032, 29.838061 ] }, { "date": "2026-02-13", "close": 33.961298, "volume": 106850, "typical_volume": 75467.35, "trend": 28.793444, "fair_value": 24.458101, "relative_strength": 24.005418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.033374, "energy": 86.482421, "activity_lines": [ 32.956489, 31.834948, 30.989232, 30.195096 ] }, { "date": "2026-02-20", "close": 34.52898, "volume": 73366, "typical_volume": 78634.85, "trend": 29.140866, "fair_value": 24.557813, "relative_strength": 23.915156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.625419, "energy": 90.065328, "activity_lines": [ 33.614123, 32.484307, 31.373398, 30.565131 ] }, { "date": "2026-02-27", "close": 35.883448, "volume": 68007, "typical_volume": 81187.65, "trend": 29.565647, "fair_value": 24.668849, "relative_strength": 28.220654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.397379, "energy": 94.152031, "activity_lines": [ 34.508789, 33.289518, 31.86085, 31.000136 ] }, { "date": "2026-03-06", "close": 32.350975, "volume": 93637, "typical_volume": 83698.25, "trend": 29.84191, "fair_value": 24.743432, "relative_strength": 16.649078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.699895, "energy": 65.568582, "activity_lines": [ 33.987339, 33.320637, 31.97229, 31.179835 ] }, { "date": "2026-03-13", "close": 33.274802, "volume": 72807, "typical_volume": 85775.4, "trend": 30.122975, "fair_value": 24.825465, "relative_strength": 20.683198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.621924, "energy": 50.192248, "activity_lines": [ 33.763167, 33.458492, 32.160471, 31.401311 ] }, { "date": "2026-03-20", "close": 32.586214, "volume": 79606, "typical_volume": 86559.1, "trend": 30.363042, "fair_value": 24.899377, "relative_strength": 20.038603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.69096, "energy": 35.464753, "activity_lines": [ 33.291939, 33.397246, 32.272549, 31.56023 ] }, { "date": "2026-03-27", "close": 33.025122, "volume": 81180, "typical_volume": 87137.95, "trend": 30.623479, "fair_value": 24.976035, "relative_strength": 25.021917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.747892, "energy": 21.611837, "activity_lines": [ 33.058685, 33.376271, 32.422662, 31.731977 ] }, { "date": "2026-04-03", "close": 34.142458, "volume": 37764, "typical_volume": 87290.7, "trend": 30.906264, "fair_value": 25.061702, "relative_strength": 23.636257, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.722233, "energy": 27.651372, "activity_lines": [ 33.298133, 33.527303, 32.672212, 31.959008 ] }, { "date": "2026-04-10", "close": 37.656208, "volume": 54663, "typical_volume": 87755.6, "trend": 31.279467, "fair_value": 25.178318, "relative_strength": 29.576753, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.50477, "energy": 51.928034, "activity_lines": [ 34.824898, 34.283774, 33.238627, 32.394488 ] }, { "date": "2026-04-17", "close": 39.727748, "volume": 174699, "typical_volume": 94561.3, "trend": 31.676706, "fair_value": 25.311799, "relative_strength": 27.893023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.963047, "energy": 84.350069, "activity_lines": [ 36.688494, 35.317521, 33.958322, 32.939539 ] }, { "date": "2026-04-24", "close": 41.281402, "volume": 314399, "typical_volume": 109593.9, "trend": 32.145404, "fair_value": 25.456977, "relative_strength": 29.048387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.540491, "energy": 94.484015, "activity_lines": [ 38.639778, 36.511644, 34.77922, 33.559197 ] }, { "date": "2026-05-01", "close": 43.004365, "volume": 128966, "typical_volume": 114813.25, "trend": 32.607893, "fair_value": 25.615062, "relative_strength": 31.235076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.641173, "energy": 95.410237, "activity_lines": [ 40.585703, 37.88594, 35.712814, 34.259775 ] }, { "date": "2026-05-08", "close": 44.060054, "volume": 425572, "typical_volume": 132732.4, "trend": 33.157553, "fair_value": 25.779749, "relative_strength": 26.464583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.530892, "energy": 94.856087, "activity_lines": [ 42.218243, 39.298082, 36.682912, 34.998624 ] }, { "date": "2026-05-15", "close": 43.771233, "volume": 265259, "typical_volume": 145321.2, "trend": 33.616921, "fair_value": 25.938966, "relative_strength": 24.979321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.436956, "energy": 91.136424, "activity_lines": [ 43.093335, 40.509046, 37.552041, 35.683377 ] }, { "date": "2026-05-22", "close": 44.866759, "volume": 471159, "typical_volume": 168368.8, "trend": 34.076976, "fair_value": 26.104999, "relative_strength": 25.47803, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.91847, "energy": 88.34499, "activity_lines": [ 43.925935, 41.711554, 38.455087, 36.409173 ] }, { "date": "2026-05-29", "close": 47.585655, "volume": 223282, "typical_volume": 162569.75, "trend": 34.60333, "fair_value": 26.291788, "relative_strength": 28.123334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.39253, "energy": 86.914211, "activity_lines": [ 45.322232, 43.197645, 39.542519, 37.280701 ] }, { "date": "2026-06-05", "close": 43.342983, "volume": 342359, "typical_volume": 171329.45, "trend": 34.996082, "fair_value": 26.438781, "relative_strength": 21.205081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.312325, "energy": 66.12224, "activity_lines": [ 44.884022, 43.639624, 40.144109, 37.84455 ] }, { "date": "2026-06-12", "close": 43.313105, "volume": 235111, "typical_volume": 173562.5, "trend": 35.426214, "fair_value": 26.583006, "relative_strength": 17.504052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.745498, "energy": 62.141966, "activity_lines": [ 44.413278, 43.888573, 40.685563, 38.381132 ] }, { "date": "2026-06-19", "close": 46.56, "volume": 315011, "typical_volume": 183866.25, "trend": 36.031081, "fair_value": 26.752302, "relative_strength": 21.942634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.686701, "energy": 63.641367, "activity_lines": [ 45.074629, 44.561127, 41.483822, 39.09944 ] }, { "date": "2026-06-26", "close": 42.57, "volume": 200487, "typical_volume": 188209.2, "trend": 36.453168, "fair_value": 26.885224, "relative_strength": 15.857105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.426135, "energy": 40.363138, "activity_lines": [ 44.220062, 44.346339, 41.833657, 39.521306 ] }, { "date": "2026-07-03", "close": 43.25, "volume": 112019, "typical_volume": 188467.65, "trend": 36.878552, "fair_value": 27.021597, "relative_strength": 15.857758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.92905, "energy": 35.169593, "activity_lines": [ 43.74528, 44.203511, 42.202739, 39.959811 ] }, { "date": "2026-07-10", "close": 41.48, "volume": 199543, "typical_volume": 194776.5, "trend": 37.276013, "fair_value": 27.141088, "relative_strength": 8.491648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.389247, "energy": 26.886069, "activity_lines": [ 42.96954, 43.703072, 42.359017, 40.256679 ] }, { "date": "2026-07-17", "close": 38.4579, "volume": 254001, "typical_volume": 204076.2, "trend": 37.603507, "fair_value": 27.233849, "relative_strength": 4.411269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.638062, "energy": 18.91492, "activity_lines": [ 41.310633, 42.680876, 42.194376, 40.33293 ] }, { "date": "2026-07-24", "close": 38.4057, "volume": 92085, "typical_volume": 203998.6, "trend": 37.91759, "fair_value": 27.324677, "relative_strength": 5.447719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.316361, "energy": 17.55877, "activity_lines": [ 39.958007, 41.751046, 42.012505, 40.384684 ] }, { "date": "2026-07-31", "close": 37.8834, "volume": 204096, "typical_volume": 210563.05, "trend": 38.2067, "fair_value": 27.409828, "relative_strength": 2.95677, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.545735, "energy": 24.664055, "activity_lines": [ 38.9749, 40.823808, 41.752059, 40.382478 ] }, { "date": "2026-08-07", "close": 40.6771, "volume": 189708, "typical_volume": 216068.15, "trend": 38.548867, "fair_value": 27.515966, "relative_strength": 4.656527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.487885, "energy": 20.353569, "activity_lines": [ 39.235467, 40.531485, 41.735734, 40.541859 ] } ], "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." } } }