{ "ticker": { "uuid": "473649d5-df33-4f9e-b9dd-11495aee2380", "symbol": "NUAG", "name": "NUSHARES ETF TRUST NUVEEN ENHANCED YLD US AGGREGT BND 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": 68.118, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.443, "architecture_energy": 68.248, "architecture_maturity": 4.665, "architecture_confidence": 81.118, "architecture_tenure": "New", "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": 32.95, "rotation_up": 9.15, "upward_expansion": 15.34, "deceleration": 37.12, "rotation_down": 73.29, "downward_expansion": 91.0 }, "activity_lines": [ 20.640165, 20.72082, 20.775649, 20.805776 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 20.675, "trend_reference": 20.848283, "distance_from_trend": -0.008312, "trend_direction": "Weakening", "fair_value": 19.682194, "distance_from_fair_value": 0.050442, "fair_value_direction": "Weakening", "relative_strength": -11.441677, "relative_strength_direction": "Weakening", "price_momentum": -0.012702, "excess_performance": -0.138327, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.008312, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.000171, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.050442, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023024, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.114417, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.016025, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.012702, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.347738, "read": "Demand-led" } ], "volume": { "latest": 79021, "relative_activity": 0.768817, "balance": 1.347738, "dry_up": 0.536766, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.007731, "annualized_volatility": 0.043915, "from_high_reference": -0.023738, "from_low_reference": 0.022263 }, "levels": { "trend_reference": 20.848283, "fair_value_reference": 19.682194, "structural_low": 20.536479, "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": 17, "median_return": -0.004125, "positive_rate": 0.470588, "directional_follow_through": 0.529412, "median_excess_return": 0.014088, "regime_survival": 0.764706, "best_return": 0.048932, "worst_return": -0.042247, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.007149, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.020624, "regime_survival": 0.571429, "best_return": 0.069006, "worst_return": -0.075678, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.018909, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.022627, "regime_survival": 0.25, "best_return": 0.045213, "worst_return": -0.094194, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.072634, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.090624, "regime_survival": 0.0, "best_return": 0.101843, "worst_return": -0.095891, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-23", "end": "2024-03-22", "tenure": "Developing", "return": 0.008205, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-04-26", "tenure": "Developing", "return": -0.022678, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-06-14", "tenure": "Developing", "return": 0.020023, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-10-18", "tenure": "Established", "return": 0.035293, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-12-27", "tenure": "Developing", "return": -0.009562, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.002803, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.007084, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": 0.010404, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.015786, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-06-20", "tenure": "Developing", "return": 0.014879, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2026-04-03", "tenure": "Extended", "return": 0.039522, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-08", "tenure": "Developing", "return": -0.000491, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": -0.003151, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.005969, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.838193, "volume": 32433, "typical_volume": 31563.05, "trend": 18.130188, "fair_value": 19.364534, "relative_strength": -8.340889, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.00318, "energy": 59.902894, "activity_lines": [ 17.981491, 18.047164, 18.093923, 18.118747 ] }, { "date": "2023-08-25", "close": 17.904834, "volume": 46302, "typical_volume": 32723.2, "trend": 18.118111, "fair_value": 19.346306, "relative_strength": -8.521835, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.078236, "energy": 63.083618, "activity_lines": [ 17.933922, 18.014555, 18.070453, 18.104208 ] }, { "date": "2023-09-01", "close": 17.989393, "volume": 203957, "typical_volume": 41870.8, "trend": 18.107587, "fair_value": 19.328533, "relative_strength": -10.106775, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.196049, "energy": 60.475682, "activity_lines": [ 17.936192, 18.001566, 18.057605, 18.095904 ] }, { "date": "2023-09-08", "close": 17.962815, "volume": 137363, "typical_volume": 47902.15, "trend": 18.105564, "fair_value": 19.310744, "relative_strength": -8.917662, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.554177, "energy": 52.546304, "activity_lines": [ 17.940926, 17.987063, 18.043588, 18.086563 ] }, { "date": "2023-09-15", "close": 17.909657, "volume": 42458, "typical_volume": 48473.15, "trend": 18.104702, "fair_value": 19.292379, "relative_strength": -8.815343, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.789284, "energy": 35.143111, "activity_lines": [ 17.934372, 17.966643, 18.025767, 18.073924 ] }, { "date": "2023-09-22", "close": 17.830984, "volume": 32774, "typical_volume": 49134.45, "trend": 18.106051, "fair_value": 19.2739, "relative_strength": -6.202428, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.412003, "energy": 36.694546, "activity_lines": [ 17.904374, 17.932298, 18.002747, 18.056265 ] }, { "date": "2023-09-29", "close": 17.652818, "volume": 20614, "typical_volume": 48342.5, "trend": 18.100035, "fair_value": 19.25406, "relative_strength": -6.179655, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.694015, "energy": 56.553539, "activity_lines": [ 17.815468, 17.872167, 17.965094, 18.027024 ] }, { "date": "2023-10-06", "close": 17.458878, "volume": 18546, "typical_volume": 46750.65, "trend": 18.081935, "fair_value": 19.233208, "relative_strength": -7.346021, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.351776, "energy": 79.55158, "activity_lines": [ 17.678716, 17.787262, 17.911966, 17.985659 ] }, { "date": "2023-10-13", "close": 17.611332, "volume": 12117, "typical_volume": 44848.7, "trend": 18.06298, "fair_value": 19.213049, "relative_strength": -6.650631, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.65175, "energy": 79.015961, "activity_lines": [ 17.62815, 17.742809, 17.876194, 17.955298 ] }, { "date": "2023-10-20", "close": 17.316647, "volume": 28504, "typical_volume": 44394.1, "trend": 18.030575, "fair_value": 19.191573, "relative_strength": -5.771221, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.233192, "energy": 89.173212, "activity_lines": [ 17.502788, 17.652922, 17.814114, 17.907147 ] }, { "date": "2023-10-27", "close": 17.418787, "volume": 26260, "typical_volume": 43542.15, "trend": 18.002723, "fair_value": 19.171115, "relative_strength": -2.689409, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.589547, "energy": 83.948115, "activity_lines": [ 17.451006, 17.593146, 17.765612, 17.867677 ] }, { "date": "2023-11-03", "close": 17.711615, "volume": 41060, "typical_volume": 44702.0, "trend": 17.97829, "fair_value": 19.151038, "relative_strength": -6.30165, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.405307, "energy": 52.449641, "activity_lines": [ 17.524314, 17.594237, 17.748156, 17.848896 ] }, { "date": "2023-11-10", "close": 17.743559, "volume": 19841, "typical_volume": 45258.95, "trend": 17.96057, "fair_value": 19.131582, "relative_strength": -7.221445, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.317413, "energy": 42.163582, "activity_lines": [ 17.604349, 17.604649, 17.735775, 17.833752 ] }, { "date": "2023-11-17", "close": 18.010527, "volume": 30482, "typical_volume": 46045.55, "trend": 17.953344, "fair_value": 19.112864, "relative_strength": -7.746234, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.643853, "energy": 16.658366, "activity_lines": [ 17.754396, 17.66807, 17.750859, 17.836975 ] }, { "date": "2023-11-24", "close": 18.032834, "volume": 15390, "typical_volume": 46690.15, "trend": 17.941393, "fair_value": 19.094222, "relative_strength": -8.33699, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.598643, "energy": 23.212629, "activity_lines": [ 17.885265, 17.73468, 17.768822, 17.842103 ] }, { "date": "2023-12-01", "close": 18.388315, "volume": 31229, "typical_volume": 45702.7, "trend": 17.94363, "fair_value": 19.078346, "relative_strength": -7.101093, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 44.545253, "energy": 46.408191, "activity_lines": [ 18.086882, 17.863683, 17.820153, 17.870937 ] }, { "date": "2023-12-08", "close": 18.448413, "volume": 26206, "typical_volume": 43984.35, "trend": 17.949181, "fair_value": 19.062622, "relative_strength": -6.758705, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.950012, "energy": 68.43942, "activity_lines": [ 18.243896, 17.99348, 17.876284, 17.903504 ] }, { "date": "2023-12-15", "close": 18.89181, "volume": 18357, "typical_volume": 43321.3, "trend": 17.977085, "fair_value": 19.049568, "relative_strength": -6.435614, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 64.799119, "energy": 83.3124, "activity_lines": [ 18.499589, 18.189429, 17.973602, 17.964319 ] }, { "date": "2023-12-22", "close": 18.919686, "volume": 18152, "typical_volume": 41120.4, "trend": 18.008395, "fair_value": 19.03649, "relative_strength": -6.844798, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 87.457468, "energy": 94.935412, "activity_lines": [ 18.688025, 18.364393, 18.070086, 18.025131 ] }, { "date": "2023-12-29", "close": 18.998998, "volume": 7183, "typical_volume": 40461.4, "trend": 18.037526, "fair_value": 19.023871, "relative_strength": -6.489782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.037655, "energy": 93.529774, "activity_lines": [ 18.842287, 18.529989, 18.170026, 18.089041 ] }, { "date": "2024-01-05", "close": 18.748744, "volume": 22097, "typical_volume": 39944.6, "trend": 18.059748, "fair_value": 19.010857, "relative_strength": -5.961745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.179801, "energy": 87.878887, "activity_lines": [ 18.84872, 18.619496, 18.241144, 18.134926 ] }, { "date": "2024-01-12", "close": 18.946753, "volume": 28795, "typical_volume": 39069.25, "trend": 18.086696, "fair_value": 18.998752, "relative_strength": -6.433357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.387944, "energy": 87.26915, "activity_lines": [ 18.897128, 18.720824, 18.326784, 18.192153 ] }, { "date": "2024-01-19", "close": 18.757826, "volume": 37793, "typical_volume": 30761.05, "trend": 18.106228, "fair_value": 18.985332, "relative_strength": -8.139556, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.498207, "energy": 64.47857, "activity_lines": [ 18.849337, 18.765344, 18.38947, 18.235451 ] }, { "date": "2024-01-26", "close": 18.798291, "volume": 9977, "typical_volume": 24391.75, "trend": 18.127204, "fair_value": 18.972275, "relative_strength": -8.585013, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.218203, "energy": 58.740362, "activity_lines": [ 18.823967, 18.798781, 18.45235, 18.2801 ] }, { "date": "2024-02-02", "close": 18.930657, "volume": 46817, "typical_volume": 24609.7, "trend": 18.160543, "fair_value": 18.960578, "relative_strength": -8.952421, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.427969, "energy": 62.177072, "activity_lines": [ 18.850812, 18.841961, 18.523858, 18.331936 ] }, { "date": "2024-02-09", "close": 18.727725, "volume": 28618, "typical_volume": 24401.9, "trend": 18.17832, "fair_value": 18.947839, "relative_strength": -10.854515, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.318261, "energy": 47.494375, "activity_lines": [ 18.814569, 18.83192, 18.571177, 18.368528 ] }, { "date": "2024-02-16", "close": 18.641915, "volume": 117344, "typical_volume": 29238.4, "trend": 18.192063, "fair_value": 18.935596, "relative_strength": -10.659705, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.331026, "energy": 42.356356, "activity_lines": [ 18.751124, 18.800106, 18.606054, 18.398438 ] }, { "date": "2024-02-23", "close": 18.714371, "volume": 67286, "typical_volume": 31675.4, "trend": 18.210568, "fair_value": 18.924865, "relative_strength": -11.429804, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.763624, "energy": 36.257076, "activity_lines": [ 18.732153, 18.777948, 18.643121, 18.432135 ] }, { "date": "2024-03-01", "close": 18.767969, "volume": 14051, "typical_volume": 31772.1, "trend": 18.23419, "fair_value": 18.91547, "relative_strength": -11.707431, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.212239, "energy": 30.588945, "activity_lines": [ 18.733945, 18.768761, 18.679314, 18.468096 ] }, { "date": "2024-03-08", "close": 18.926406, "volume": 395903, "typical_volume": 50142.05, "trend": 18.266692, "fair_value": 18.90759, "relative_strength": -10.333782, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.978001, "energy": 40.516662, "activity_lines": [ 18.790572, 18.79114, 18.725089, 18.512756 ] }, { "date": "2024-03-15", "close": 18.741713, "volume": 12352, "typical_volume": 49446.65, "trend": 18.296809, "fair_value": 18.898866, "relative_strength": -10.720425, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.3595, "energy": 41.752049, "activity_lines": [ 18.785917, 18.781257, 18.745608, 18.543402 ] }, { "date": "2024-03-22", "close": 18.86792, "volume": 17823, "typical_volume": 48284.8, "trend": 18.328912, "fair_value": 18.890222, "relative_strength": -11.640661, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.038214, "energy": 46.30673, "activity_lines": [ 18.822399, 18.79445, 18.771847, 18.580248 ] }, { "date": "2024-03-29", "close": 18.908298, "volume": 66725, "typical_volume": 50629.0, "trend": 18.359542, "fair_value": 18.881582, "relative_strength": -11.388356, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.998824, "energy": 49.147228, "activity_lines": [ 18.857273, 18.816417, 18.796426, 18.617628 ] }, { "date": "2024-04-05", "close": 18.720403, "volume": 25959, "typical_volume": 50402.85, "trend": 18.384795, "fair_value": 18.871467, "relative_strength": -11.080346, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.425516, "energy": 36.295879, "activity_lines": [ 18.816587, 18.801485, 18.797564, 18.640909 ] }, { "date": "2024-04-12", "close": 18.628255, "volume": 64259, "typical_volume": 52846.3, "trend": 18.408748, "fair_value": 18.860243, "relative_strength": -9.842755, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.704111, "energy": 18.513087, "activity_lines": [ 18.748356, 18.771216, 18.786545, 18.656616 ] }, { "date": "2024-04-19", "close": 18.503119, "volume": 41083, "typical_volume": 53339.0, "trend": 18.431153, "fair_value": 18.848033, "relative_strength": -7.28034, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -4.879576, "energy": 13.144169, "activity_lines": [ 18.658289, 18.723692, 18.760773, 18.662705 ] }, { "date": "2024-04-26", "close": 18.479491, "volume": 61325, "typical_volume": 55094.95, "trend": 18.458709, "fair_value": 18.835803, "relative_strength": -9.417932, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -9.014674, "energy": 25.745155, "activity_lines": [ 18.576253, 18.675957, 18.732204, 18.665823 ] }, { "date": "2024-05-03", "close": 18.723264, "volume": 154031, "typical_volume": 61878.65, "trend": 18.500855, "fair_value": 18.824793, "relative_strength": -8.397006, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.801552, "energy": 20.440717, "activity_lines": [ 18.60137, 18.675496, 18.726704, 18.682891 ] }, { "date": "2024-05-10", "close": 18.732384, "volume": 265566, "typical_volume": 74249.35, "trend": 18.538223, "fair_value": 18.814368, "relative_strength": -9.637289, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.274734, "energy": 15.671961, "activity_lines": [ 18.641863, 18.676533, 18.722875, 18.697829 ] }, { "date": "2024-05-17", "close": 18.851217, "volume": 49643, "typical_volume": 76372.35, "trend": 18.589375, "fair_value": 18.804757, "relative_strength": -10.189122, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.419634, "energy": 18.44144, "activity_lines": [ 18.721168, 18.699822, 18.731255, 18.718022 ] }, { "date": "2024-05-24", "close": 18.817929, "volume": 21323, "typical_volume": 76333.65, "trend": 18.636014, "fair_value": 18.794775, "relative_strength": -10.001619, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.196257, "energy": 29.388255, "activity_lines": [ 18.774512, 18.718426, 18.737169, 18.732767 ] }, { "date": "2024-05-31", "close": 18.781723, "volume": 103135, "typical_volume": 80050.65, "trend": 18.671684, "fair_value": 18.784195, "relative_strength": -9.497884, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 28.686139, "energy": 25.557682, "activity_lines": [ 18.794801, 18.729062, 18.739305, 18.742168 ] }, { "date": "2024-06-07", "close": 18.851145, "volume": 110163, "typical_volume": 83669.15, "trend": 18.708603, "fair_value": 18.773399, "relative_strength": -9.968464, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.31831, "energy": 32.39881, "activity_lines": [ 18.818081, 18.753887, 18.748838, 18.753746 ] }, { "date": "2024-06-14", "close": 19.098163, "volume": 89172, "typical_volume": 87628.9, "trend": 18.744858, "fair_value": 18.763949, "relative_strength": -9.973977, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 77.354319, "energy": 65.144538, "activity_lines": [ 18.915176, 18.824663, 18.781453, 18.778879 ] }, { "date": "2024-06-21", "close": 19.038695, "volume": 41650, "typical_volume": 87370.55, "trend": 18.778387, "fair_value": 18.754699, "relative_strength": -10.495104, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.677734, "energy": 67.004112, "activity_lines": [ 18.968062, 18.877759, 18.806976, 18.797836 ] }, { "date": "2024-06-28", "close": 18.919761, "volume": 74376, "typical_volume": 89658.45, "trend": 18.796101, "fair_value": 18.743974, "relative_strength": -10.707972, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.01619, "energy": 61.047882, "activity_lines": [ 18.968806, 18.901767, 18.820657, 18.806957 ] }, { "date": "2024-07-05", "close": 19.102439, "volume": 26948, "typical_volume": 85138.65, "trend": 18.817902, "fair_value": 18.734003, "relative_strength": -11.231761, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.533734, "energy": 69.79545, "activity_lines": [ 19.023653, 18.951415, 18.850822, 18.826721 ] }, { "date": "2024-07-12", "close": 19.24034, "volume": 117520, "typical_volume": 87650.35, "trend": 18.82952, "fair_value": 18.724572, "relative_strength": -11.149717, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.39653, "energy": 74.974756, "activity_lines": [ 19.103086, 19.014809, 18.891927, 18.853975 ] }, { "date": "2024-07-19", "close": 19.158131, "volume": 19150, "typical_volume": 87905.3, "trend": 18.837468, "fair_value": 18.714375, "relative_strength": -9.487288, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.71574, "energy": 70.266841, "activity_lines": [ 19.12917, 19.053855, 18.922699, 18.875175 ] }, { "date": "2024-07-26", "close": 19.206117, "volume": 108012, "typical_volume": 73510.75, "trend": 18.844372, "fair_value": 18.704049, "relative_strength": -8.272349, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.141367, "energy": 75.594157, "activity_lines": [ 19.167251, 19.093884, 18.956182, 18.898959 ] }, { "date": "2024-08-02", "close": 19.602555, "volume": 24686, "typical_volume": 74127.45, "trend": 18.872833, "fair_value": 18.696918, "relative_strength": -4.150204, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.807076, "energy": 91.820735, "activity_lines": [ 19.326317, 19.199541, 19.02609, 18.947874 ] }, { "date": "2024-08-09", "close": 19.488953, "volume": 49377, "typical_volume": 75705.15, "trend": 18.890906, "fair_value": 18.688796, "relative_strength": -4.51687, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.660826, "energy": 87.564538, "activity_lines": [ 19.401996, 19.270277, 19.081079, 18.987624 ] }, { "date": "2024-08-16", "close": 19.599701, "volume": 124928, "typical_volume": 78615.3, "trend": 18.918968, "fair_value": 18.68133, "relative_strength": -7.384753, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.048436, "energy": 91.318981, "activity_lines": [ 19.488823, 19.34829, 19.143658, 19.033353 ] }, { "date": "2024-08-23", "close": 19.728308, "volume": 15163, "typical_volume": 78075.5, "trend": 18.949969, "fair_value": 18.674674, "relative_strength": -7.787206, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.701897, "energy": 93.320872, "activity_lines": [ 19.594562, 19.436075, 19.215193, 19.085568 ] }, { "date": "2024-08-30", "close": 19.627042, "volume": 17417, "typical_volume": 75733.4, "trend": 18.973182, "fair_value": 18.667376, "relative_strength": -8.252625, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.676881, "energy": 84.672274, "activity_lines": [ 19.628534, 19.493992, 19.272285, 19.12925 ] }, { "date": "2024-09-06", "close": 19.865874, "volume": 8851, "typical_volume": 74121.8, "trend": 19.01112, "fair_value": 18.661633, "relative_strength": -2.925784, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.823933, "energy": 90.442017, "activity_lines": [ 19.714054, 19.584636, 19.347366, 19.186843 ] }, { "date": "2024-09-13", "close": 19.96867, "volume": 33152, "typical_volume": 72713.15, "trend": 19.055345, "fair_value": 18.656629, "relative_strength": -5.929867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.023828, "energy": 92.728855, "activity_lines": [ 19.816286, 19.676767, 19.425747, 19.248621 ] }, { "date": "2024-09-20", "close": 19.985125, "volume": 86490, "typical_volume": 69336.1, "trend": 19.097704, "fair_value": 18.652207, "relative_strength": -6.848917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.921687, "energy": 88.713019, "activity_lines": [ 19.892021, 19.756141, 19.498605, 19.308607 ] }, { "date": "2024-09-27", "close": 19.973939, "volume": 17356, "typical_volume": 56925.6, "trend": 19.137903, "fair_value": 18.64798, "relative_strength": -7.098977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.1436, "energy": 87.068751, "activity_lines": [ 19.938333, 19.81994, 19.564388, 19.365138 ] }, { "date": "2024-10-04", "close": 19.779301, "volume": 53991, "typical_volume": 57143.0, "trend": 19.166332, "fair_value": 18.643652, "relative_strength": -7.932498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.301917, "energy": 71.486807, "activity_lines": [ 19.90339, 19.833516, 19.605723, 19.406518 ] }, { "date": "2024-10-11", "close": 19.69207, "volume": 19897, "typical_volume": 57071.7, "trend": 19.198011, "fair_value": 18.638207, "relative_strength": -9.037503, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.2441, "energy": 61.703635, "activity_lines": [ 19.829219, 19.820812, 19.63433, 19.440437 ] }, { "date": "2024-10-18", "close": 19.710629, "volume": 18056, "typical_volume": 52817.75, "trend": 19.226101, "fair_value": 18.633598, "relative_strength": -9.360884, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.372035, "energy": 45.764593, "activity_lines": [ 19.772822, 19.809853, 19.660542, 19.473509 ] }, { "date": "2024-10-25", "close": 19.541641, "volume": 79072, "typical_volume": 51263.2, "trend": 19.247213, "fair_value": 18.62705, "relative_strength": -8.841155, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.768638, "energy": 30.867504, "activity_lines": [ 19.677298, 19.76414, 19.666236, 19.493866 ] }, { "date": "2024-11-01", "close": 19.427869, "volume": 28177, "typical_volume": 48213.45, "trend": 19.270795, "fair_value": 18.618769, "relative_strength": -7.753581, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.91679, "energy": 29.784458, "activity_lines": [ 19.573416, 19.698796, 19.657807, 19.505522 ] }, { "date": "2024-11-08", "close": 19.614231, "volume": 11534, "typical_volume": 46707.65, "trend": 19.303661, "fair_value": 18.613047, "relative_strength": -10.721972, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.250378, "energy": 28.825201, "activity_lines": [ 19.568059, 19.672799, 19.665557, 19.527679 ] }, { "date": "2024-11-15", "close": 19.439977, "volume": 23396, "typical_volume": 44158.65, "trend": 19.334889, "fair_value": 18.605829, "relative_strength": -9.288849, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.609186, "energy": 25.891507, "activity_lines": [ 19.515622, 19.615352, 19.653971, 19.536473 ] }, { "date": "2024-11-22", "close": 19.470245, "volume": 33084, "typical_volume": 44465.45, "trend": 19.367915, "fair_value": 18.598858, "relative_strength": -10.28538, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.019284, "energy": 24.644055, "activity_lines": [ 19.49008, 19.571152, 19.64279, 19.545206 ] }, { "date": "2024-11-29", "close": 19.781781, "volume": 192138, "typical_volume": 48196.35, "trend": 19.403198, "fair_value": 18.593084, "relative_strength": -9.54417, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.556663, "energy": 15.362096, "activity_lines": [ 19.58441, 19.592657, 19.659527, 19.571907 ] }, { "date": "2024-12-06", "close": 19.839361, "volume": 128544, "typical_volume": 53666.05, "trend": 19.440098, "fair_value": 18.588612, "relative_strength": -9.683566, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.855013, "energy": 28.61125, "activity_lines": [ 19.681923, 19.628328, 19.67917, 19.600047 ] }, { "date": "2024-12-13", "close": 19.563897, "volume": 28207, "typical_volume": 49675.8, "trend": 19.463854, "fair_value": 18.581858, "relative_strength": -10.011689, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.218856, "energy": 20.856486, "activity_lines": [ 19.660183, 19.616362, 19.669335, 19.608034 ] }, { "date": "2024-12-20", "close": 19.392612, "volume": 198532, "typical_volume": 58368.1, "trend": 19.48301, "fair_value": 18.574541, "relative_strength": -8.759136, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.254852, "energy": 10.327162, "activity_lines": [ 19.584703, 19.57717, 19.641483, 19.603437 ] }, { "date": "2024-12-27", "close": 19.354784, "volume": 67815, "typical_volume": 59290.0, "trend": 19.502112, "fair_value": 18.566928, "relative_strength": -9.141242, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.855269, "energy": 23.733232, "activity_lines": [ 19.499771, 19.536544, 19.611028, 19.595165 ] }, { "date": "2025-01-03", "close": 19.370637, "volume": 107957, "typical_volume": 58441.45, "trend": 19.519428, "fair_value": 18.561509, "relative_strength": -8.209292, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.566924, "energy": 50.414719, "activity_lines": [ 19.427821, 19.505271, 19.582722, 19.586683 ] }, { "date": "2025-01-10", "close": 19.206241, "volume": 93433, "typical_volume": 62354.95, "trend": 19.523031, "fair_value": 18.555458, "relative_strength": -6.831184, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.718621, "energy": 67.696511, "activity_lines": [ 19.328482, 19.447217, 19.539849, 19.566477 ] }, { "date": "2025-01-17", "close": 19.391868, "volume": 33234, "typical_volume": 63145.8, "trend": 19.534803, "fair_value": 18.55065, "relative_strength": -8.276772, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.984845, "energy": 58.768831, "activity_lines": [ 19.333226, 19.426943, 19.517142, 19.558015 ] }, { "date": "2025-01-24", "close": 19.424935, "volume": 29132, "typical_volume": 64159.85, "trend": 19.551642, "fair_value": 18.546615, "relative_strength": -9.340103, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.402378, "energy": 58.100585, "activity_lines": [ 19.360462, 19.416723, 19.498704, 19.550927 ] }, { "date": "2025-01-31", "close": 19.473973, "volume": 20977, "typical_volume": 63551.1, "trend": 19.564027, "fair_value": 18.544258, "relative_strength": -7.85933, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.355681, "energy": 34.940316, "activity_lines": [ 19.401889, 19.415694, 19.487035, 19.545916 ] }, { "date": "2025-02-07", "close": 19.560057, "volume": 26217, "typical_volume": 60537.45, "trend": 19.574684, "fair_value": 18.543149, "relative_strength": -7.02112, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.804967, "energy": 18.349965, "activity_lines": [ 19.464064, 19.430248, 19.485921, 19.545659 ] }, { "date": "2025-02-14", "close": 19.611928, "volume": 13604, "typical_volume": 60349.85, "trend": 19.589811, "fair_value": 18.542731, "relative_strength": -7.854965, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.375499, "energy": 17.55763, "activity_lines": [ 19.530902, 19.458265, 19.491771, 19.548062 ] }, { "date": "2025-02-21", "close": 19.670306, "volume": 16630, "typical_volume": 58481.8, "trend": 19.605284, "fair_value": 18.543133, "relative_strength": -5.841924, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.977575, "energy": 17.994953, "activity_lines": [ 19.590153, 19.501031, 19.504905, 19.553256 ] }, { "date": "2025-02-28", "close": 19.874961, "volume": 30024, "typical_volume": 58988.15, "trend": 19.614364, "fair_value": 18.543929, "relative_strength": -3.747843, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.897591, "energy": 44.895797, "activity_lines": [ 19.69906, 19.579072, 19.538049, 19.570654 ] }, { "date": "2025-03-07", "close": 19.771404, "volume": 21385, "typical_volume": 59154.6, "trend": 19.623779, "fair_value": 18.546476, "relative_strength": -1.042119, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.136767, "energy": 52.277711, "activity_lines": [ 19.743446, 19.629515, 19.560459, 19.580786 ] }, { "date": "2025-03-14", "close": 19.74301, "volume": 340264, "typical_volume": 72214.2, "trend": 19.628556, "fair_value": 18.548974, "relative_strength": 1.231839, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.289645, "energy": 54.169709, "activity_lines": [ 19.758539, 19.66722, 19.579875, 19.588478 ] }, { "date": "2025-03-21", "close": 19.819957, "volume": 28141, "typical_volume": 72212.4, "trend": 19.631611, "fair_value": 18.554382, "relative_strength": 1.1965, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.699906, "energy": 62.751473, "activity_lines": [ 19.787084, 19.712145, 19.605661, 19.600827 ] }, { "date": "2025-03-28", "close": 19.780868, "volume": 1390837, "typical_volume": 141177.55, "trend": 19.636738, "fair_value": 18.558078, "relative_strength": 2.566456, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.597441, "energy": 42.180795, "activity_lines": [ 19.788731, 19.738805, 19.625858, 19.610456 ] }, { "date": "2025-04-04", "close": 19.951548, "volume": 23915, "typical_volume": 141203.5, "trend": 19.639594, "fair_value": 18.565504, "relative_strength": 13.582663, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.088168, "energy": 47.437035, "activity_lines": [ 19.8399, 19.789424, 19.661515, 19.630766 ] }, { "date": "2025-04-11", "close": 19.459293, "volume": 124749, "typical_volume": 145786.75, "trend": 19.622615, "fair_value": 18.57085, "relative_strength": 4.862039, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -3.757438, "energy": 10.977494, "activity_lines": [ 19.721879, 19.740968, 19.647856, 19.619134 ] }, { "date": "2025-04-18", "close": 19.635146, "volume": 6871, "typical_volume": 136523.4, "trend": 19.610949, "fair_value": 18.57891, "relative_strength": 7.355429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.410487, "energy": 17.008969, "activity_lines": [ 19.683283, 19.724753, 19.650996, 19.619942 ] }, { "date": "2025-04-25", "close": 19.786989, "volume": 55685, "typical_volume": 132880.45, "trend": 19.604717, "fair_value": 18.588132, "relative_strength": 3.475809, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.053029, "energy": 18.954588, "activity_lines": [ 19.702491, 19.734779, 19.669296, 19.6313 ] }, { "date": "2025-05-02", "close": 19.716837, "volume": 25872, "typical_volume": 132763.7, "trend": 19.602635, "fair_value": 18.598226, "relative_strength": 0.303805, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.837041, "energy": 19.498874, "activity_lines": [ 19.700514, 19.728868, 19.681165, 19.638533 ] }, { "date": "2025-05-09", "close": 19.659782, "volume": 12484, "typical_volume": 123461.3, "trend": 19.601559, "fair_value": 18.606525, "relative_strength": 0.530808, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.882533, "energy": 13.700577, "activity_lines": [ 19.683787, 19.711737, 19.686871, 19.64222 ] }, { "date": "2025-05-16", "close": 19.691977, "volume": 31552, "typical_volume": 121648.15, "trend": 19.600937, "fair_value": 18.614604, "relative_strength": -4.209692, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.46977, "energy": 15.137927, "activity_lines": [ 19.697243, 19.704373, 19.694371, 19.648054 ] }, { "date": "2025-05-23", "close": 19.5812, "volume": 30504, "typical_volume": 117775.5, "trend": 19.602256, "fair_value": 18.620675, "relative_strength": -2.147906, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.057369, "energy": 7.360116, "activity_lines": [ 19.658261, 19.678311, 19.689715, 19.64678 ] }, { "date": "2025-05-30", "close": 19.778941, "volume": 11446, "typical_volume": 113676.15, "trend": 19.613958, "fair_value": 18.629264, "relative_strength": -2.747969, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.936417, "energy": 11.796386, "activity_lines": [ 19.688789, 19.691144, 19.702889, 19.658179 ] }, { "date": "2025-06-06", "close": 19.740801, "volume": 5918, "typical_volume": 112310.35, "trend": 19.618177, "fair_value": 18.639931, "relative_strength": -4.365796, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.737715, "energy": 15.400869, "activity_lines": [ 19.70714, 19.697788, 19.709703, 19.666363 ] }, { "date": "2025-06-13", "close": 19.860356, "volume": 31092, "typical_volume": 112408.35, "trend": 19.63219, "fair_value": 18.652256, "relative_strength": -3.314063, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.309219, "energy": 31.799694, "activity_lines": [ 19.763746, 19.726898, 19.726243, 19.681987 ] }, { "date": "2025-06-20", "close": 19.927306, "volume": 38682, "typical_volume": 113293.6, "trend": 19.647425, "fair_value": 18.664254, "relative_strength": -2.730843, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.809788, "energy": 52.314649, "activity_lines": [ 19.829296, 19.769838, 19.747084, 19.701027 ] }, { "date": "2025-06-27", "close": 20.04686, "volume": 24317, "typical_volume": 113198.6, "trend": 19.656261, "fair_value": 18.675487, "relative_strength": -5.293071, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.716441, "energy": 66.015626, "activity_lines": [ 19.919009, 19.826007, 19.777154, 19.726797 ] }, { "date": "2025-07-04", "close": 20.075761, "volume": 16902, "typical_volume": 113363.5, "trend": 19.664141, "fair_value": 18.688206, "relative_strength": -6.594124, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.275645, "energy": 73.429398, "activity_lines": [ 19.987312, 19.879944, 19.807657, 19.753861 ] }, { "date": "2025-07-11", "close": 19.980251, "volume": 30489, "typical_volume": 114056.45, "trend": 19.67802, "fair_value": 18.699283, "relative_strength": -6.638656, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.13221, "energy": 74.3543, "activity_lines": [ 20.00399, 19.911266, 19.826856, 19.774256 ] }, { "date": "2025-07-18", "close": 19.980251, "volume": 29076, "typical_volume": 114009.05, "trend": 19.697608, "fair_value": 18.708815, "relative_strength": -7.045779, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.532755, "energy": 71.721356, "activity_lines": [ 20.004705, 19.937798, 19.844579, 19.793754 ] }, { "date": "2025-07-25", "close": 20.071442, "volume": 46488, "typical_volume": 115264.2, "trend": 19.721496, "fair_value": 18.71774, "relative_strength": -7.798873, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.935853, "energy": 72.915515, "activity_lines": [ 20.027823, 19.975084, 19.870485, 19.817873 ] }, { "date": "2025-08-01", "close": 20.246911, "volume": 9219, "typical_volume": 98711.95, "trend": 19.750705, "fair_value": 18.728968, "relative_strength": -4.440566, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.817673, "energy": 80.558295, "activity_lines": [ 20.099823, 20.037374, 19.911673, 19.851771 ] }, { "date": "2025-08-08", "close": 20.237272, "volume": 12801, "typical_volume": 97944.95, "trend": 19.785073, "fair_value": 18.739537, "relative_strength": -6.526138, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.885964, "energy": 81.83891, "activity_lines": [ 20.155272, 20.085807, 19.949545, 19.883162 ] }, { "date": "2025-08-15", "close": 20.263393, "volume": 14923, "typical_volume": 29149.25, "trend": 19.814124, "fair_value": 18.751795, "relative_strength": -7.089647, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.067473, "energy": 86.574217, "activity_lines": [ 20.208661, 20.130657, 19.987917, 19.914021 ] }, { "date": "2025-08-22", "close": 20.334337, "volume": 18628, "typical_volume": 28884.9, "trend": 19.844437, "fair_value": 18.765024, "relative_strength": -6.821985, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.442661, "energy": 90.561068, "activity_lines": [ 20.266822, 20.178903, 20.030747, 19.947583 ] }, { "date": "2025-08-29", "close": 20.348217, "volume": 12467, "typical_volume": 23270.8, "trend": 19.873579, "fair_value": 18.779737, "relative_strength": -6.523758, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.191952, "energy": 89.700524, "activity_lines": [ 20.306004, 20.221056, 20.073077, 19.980085 ] }, { "date": "2025-09-05", "close": 20.550699, "volume": 21148, "typical_volume": 23984.65, "trend": 19.9066, "fair_value": 18.79643, "relative_strength": -5.618847, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.724067, "energy": 94.996202, "activity_lines": [ 20.394229, 20.29237, 20.130457, 20.023771 ] }, { "date": "2025-09-12", "close": 20.666832, "volume": 12118, "typical_volume": 21806.3, "trend": 19.941764, "fair_value": 18.814847, "relative_strength": -6.310899, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.409639, "energy": 96.920679, "activity_lines": [ 20.500912, 20.375639, 20.194539, 20.072818 ] }, { "date": "2025-09-19", "close": 20.628121, "volume": 58184, "typical_volume": 23421.9, "trend": 19.973691, "fair_value": 18.834814, "relative_strength": -7.388499, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.987345, "energy": 92.473572, "activity_lines": [ 20.566053, 20.441123, 20.250743, 20.117099 ] }, { "date": "2025-09-26", "close": 20.584571, "volume": 30137, "typical_volume": 24304.55, "trend": 19.997344, "fair_value": 18.855967, "relative_strength": -7.094063, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.419058, "energy": 87.688001, "activity_lines": [ 20.592363, 20.486909, 20.298461, 20.15651 ] }, { "date": "2025-10-03", "close": 20.678202, "volume": 116386, "typical_volume": 28546.25, "trend": 20.027571, "fair_value": 18.87798, "relative_strength": -7.487466, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.827267, "energy": 88.681492, "activity_lines": [ 20.633201, 20.538731, 20.350692, 20.200437 ] }, { "date": "2025-10-10", "close": 20.705894, "volume": 129356, "typical_volume": 33488.85, "trend": 20.059667, "fair_value": 18.901467, "relative_strength": -4.920175, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.741104, "energy": 71.037186, "activity_lines": [ 20.661271, 20.584556, 20.400864, 20.2442 ] }, { "date": "2025-10-17", "close": 20.817926, "volume": 91350, "typical_volume": 37484.05, "trend": 20.092933, "fair_value": 18.926726, "relative_strength": -5.890195, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.28798, "energy": 73.477661, "activity_lines": [ 20.716338, 20.642406, 20.456351, 20.293119 ] }, { "date": "2025-10-24", "close": 20.866508, "volume": 27505, "typical_volume": 38563.4, "trend": 20.129121, "fair_value": 18.950631, "relative_strength": -7.28255, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.003318, "energy": 73.44791, "activity_lines": [ 20.777527, 20.698531, 20.511516, 20.343028 ] }, { "date": "2025-10-31", "close": 20.739902, "volume": 40171, "typical_volume": 39017.35, "trend": 20.155399, "fair_value": 18.974345, "relative_strength": -8.2813, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.611349, "energy": 66.939827, "activity_lines": [ 20.780621, 20.720671, 20.549263, 20.382433 ] }, { "date": "2025-11-07", "close": 20.724878, "volume": 39807, "typical_volume": 39073.6, "trend": 20.197585, "fair_value": 18.995368, "relative_strength": -6.708508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.085133, "energy": 65.820928, "activity_lines": [ 20.768351, 20.732706, 20.581392, 20.419173 ] }, { "date": "2025-11-14", "close": 20.685866, "volume": 307673, "typical_volume": 53241.4, "trend": 20.232609, "fair_value": 19.015537, "relative_strength": -6.865455, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.028657, "energy": 61.570333, "activity_lines": [ 20.739966, 20.730799, 20.606006, 20.450675 ] }, { "date": "2025-11-21", "close": 20.763889, "volume": 12970, "typical_volume": 53044.8, "trend": 20.265173, "fair_value": 19.034997, "relative_strength": -4.596328, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.163257, "energy": 53.161138, "activity_lines": [ 20.738924, 20.740621, 20.635009, 20.484951 ] }, { "date": "2025-11-28", "close": 20.868733, "volume": 165358, "typical_volume": 59788.25, "trend": 20.303569, "fair_value": 19.053351, "relative_strength": -7.387416, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.145499, "energy": 60.951282, "activity_lines": [ 20.776432, 20.76774, 20.67072, 20.523891 ] }, { "date": "2025-12-05", "close": 20.774663, "volume": 53515, "typical_volume": 61010.2, "trend": 20.340732, "fair_value": 19.071435, "relative_strength": -7.967142, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.101722, "energy": 56.308477, "activity_lines": [ 20.782435, 20.773381, 20.693241, 20.554284 ] }, { "date": "2025-12-12", "close": 20.735511, "volume": 16519, "typical_volume": 59511.75, "trend": 20.375516, "fair_value": 19.088476, "relative_strength": -7.483699, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.562623, "energy": 53.584413, "activity_lines": [ 20.77307, 20.768448, 20.70825, 20.579754 ] }, { "date": "2025-12-19", "close": 20.809864, "volume": 48402, "typical_volume": 61470.9, "trend": 20.416472, "fair_value": 19.10746, "relative_strength": -7.122416, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.753202, "energy": 55.406326, "activity_lines": [ 20.787781, 20.775991, 20.727179, 20.607776 ] }, { "date": "2025-12-26", "close": 20.842476, "volume": 102886, "typical_volume": 65975.15, "trend": 20.451923, "fair_value": 19.127787, "relative_strength": -8.140925, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.13341, "energy": 51.840113, "activity_lines": [ 20.805095, 20.787573, 20.746532, 20.63526 ] }, { "date": "2026-01-02", "close": 20.790218, "volume": 233252, "typical_volume": 76891.6, "trend": 20.486904, "fair_value": 19.145372, "relative_strength": -7.268493, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.000132, "energy": 44.317168, "activity_lines": [ 20.799751, 20.789207, 20.758027, 20.657086 ] }, { "date": "2026-01-09", "close": 20.844244, "volume": 68490, "typical_volume": 79384.7, "trend": 20.5197, "fair_value": 19.162206, "relative_strength": -8.302662, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.25872, "energy": 47.623388, "activity_lines": [ 20.817651, 20.802052, 20.772158, 20.68014 ] }, { "date": "2026-01-16", "close": 20.839332, "volume": 50388, "typical_volume": 81280.75, "trend": 20.550101, "fair_value": 19.178722, "relative_strength": -7.858696, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.630537, "energy": 45.762152, "activity_lines": [ 20.829274, 20.812106, 20.783393, 20.700761 ] }, { "date": "2026-01-23", "close": 20.873713, "volume": 43561, "typical_volume": 82401.4, "trend": 20.577663, "fair_value": 19.195431, "relative_strength": -7.270085, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.153144, "energy": 45.858892, "activity_lines": [ 20.845436, 20.82633, 20.795565, 20.721639 ] }, { "date": "2026-01-30", "close": 20.888447, "volume": 164903, "typical_volume": 90040.65, "trend": 20.604752, "fair_value": 19.211991, "relative_strength": -7.433062, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.753497, "energy": 49.389712, "activity_lines": [ 20.862253, 20.839818, 20.807601, 20.74169 ] }, { "date": "2026-02-06", "close": 20.940995, "volume": 229430, "typical_volume": 98602.95, "trend": 20.636777, "fair_value": 19.230692, "relative_strength": -6.875051, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.701998, "energy": 52.182617, "activity_lines": [ 20.893521, 20.860595, 20.823586, 20.763383 ] }, { "date": "2026-02-13", "close": 21.113532, "volume": 247271, "typical_volume": 109459.65, "trend": 20.674553, "fair_value": 19.251064, "relative_strength": -4.797702, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.813834, "energy": 78.698138, "activity_lines": [ 20.972249, 20.911429, 20.854514, 20.794142 ] }, { "date": "2026-02-20", "close": 21.114814, "volume": 756978, "typical_volume": 141489.25, "trend": 20.709332, "fair_value": 19.272374, "relative_strength": -5.710671, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.131914, "energy": 87.940019, "activity_lines": [ 21.033453, 20.956335, 20.883045, 20.822545 ] }, { "date": "2026-02-27", "close": 21.174659, "volume": 33625, "typical_volume": 136702.7, "trend": 20.740257, "fair_value": 19.293793, "relative_strength": -4.801654, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.355289, "energy": 93.331787, "activity_lines": [ 21.096239, 21.005225, 20.915196, 20.852567 ] }, { "date": "2026-03-06", "close": 20.982621, "volume": 45592, "typical_volume": 134414.8, "trend": 20.765102, "fair_value": 19.3129, "relative_strength": -3.553875, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.478972, "energy": 79.031062, "activity_lines": [ 21.074949, 21.012566, 20.926826, 20.868203 ] }, { "date": "2026-03-13", "close": 20.760085, "volume": 18069, "typical_volume": 133943.0, "trend": 20.781658, "fair_value": 19.329439, "relative_strength": -2.883779, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.115388, "energy": 28.823653, "activity_lines": [ 20.973203, 20.976898, 20.916477, 20.867879 ] }, { "date": "2026-03-20", "close": 20.663357, "volume": 20076, "typical_volume": 132938.25, "trend": 20.792626, "fair_value": 19.344661, "relative_strength": -1.348093, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 1.10861, "energy": 13.827957, "activity_lines": [ 20.851275, 20.924192, 20.897424, 20.860247 ] }, { "date": "2026-03-27", "close": 20.636455, "volume": 52563, "typical_volume": 133576.05, "trend": 20.802234, "fair_value": 19.359931, "relative_strength": 0.981528, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -35.107313, "energy": 40.777825, "activity_lines": [ 20.750391, 20.869882, 20.876172, 20.850171 ] }, { "date": "2026-04-03", "close": 20.839143, "volume": 97178, "typical_volume": 123051.3, "trend": 20.811848, "fair_value": 19.37528, "relative_strength": -0.924313, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -19.311385, "energy": 34.648639, "activity_lines": [ 20.74896, 20.856114, 20.874645, 20.852553 ] }, { "date": "2026-04-10", "close": 20.899109, "volume": 51745, "typical_volume": 124990.05, "trend": 20.819591, "fair_value": 19.392101, "relative_strength": -3.742417, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.800863, "energy": 24.286256, "activity_lines": [ 20.789885, 20.853878, 20.8781, 20.858182 ] }, { "date": "2026-04-17", "close": 21.022814, "volume": 1000562, "typical_volume": 166750.25, "trend": 20.832747, "fair_value": 19.41002, "relative_strength": -6.900668, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.999103, "energy": 16.735154, "activity_lines": [ 20.877613, 20.873939, 20.892692, 20.871294 ] }, { "date": "2026-04-24", "close": 20.978137, "volume": 83227, "typical_volume": 168235.85, "trend": 20.845866, "fair_value": 19.426602, "relative_strength": -7.20221, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.624185, "energy": 29.219915, "activity_lines": [ 20.932934, 20.884389, 20.902295, 20.880674 ] }, { "date": "2026-05-01", "close": 20.809466, "volume": 48270, "typical_volume": 169823.4, "trend": 20.850242, "fair_value": 19.442553, "relative_strength": -8.454503, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.038765, "energy": 20.436561, "activity_lines": [ 20.911045, 20.866634, 20.894865, 20.878325 ] }, { "date": "2026-05-08", "close": 20.888853, "volume": 74285, "typical_volume": 171117.55, "trend": 20.85634, "fair_value": 19.459264, "relative_strength": -9.839207, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 33.006736, "energy": 20.600136, "activity_lines": [ 20.904085, 20.868865, 20.894644, 20.880816 ] }, { "date": "2026-05-15", "close": 20.655652, "volume": 33375, "typical_volume": 167642.0, "trend": 20.850931, "fair_value": 19.475937, "relative_strength": -10.727931, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.704438, "energy": 24.428725, "activity_lines": [ 20.816077, 20.833892, 20.871838, 20.867869 ] }, { "date": "2026-05-22", "close": 20.749925, "volume": 34902, "typical_volume": 157724.5, "trend": 20.847045, "fair_value": 19.49369, "relative_strength": -10.749258, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.427249, "energy": 28.597822, "activity_lines": [ 20.775724, 20.822004, 20.858899, 20.861352 ] }, { "date": "2026-05-29", "close": 20.883892, "volume": 125422, "typical_volume": 160571.1, "trend": 20.851845, "fair_value": 19.511375, "relative_strength": -11.11282, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.462896, "energy": 19.082431, "activity_lines": [ 20.798219, 20.834659, 20.858911, 20.863729 ] }, { "date": "2026-06-05", "close": 20.780297, "volume": 48649, "typical_volume": 160484.15, "trend": 20.853692, "fair_value": 19.528671, "relative_strength": -8.993379, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.185156, "energy": 26.682126, "activity_lines": [ 20.792466, 20.824468, 20.848868, 20.859113 ] }, { "date": "2026-06-12", "close": 20.889877, "volume": 27467, "typical_volume": 159679.45, "trend": 20.860492, "fair_value": 19.54631, "relative_strength": -8.720468, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.632025, "energy": 6.176604, "activity_lines": [ 20.825183, 20.831586, 20.849542, 20.861448 ] }, { "date": "2026-06-19", "close": 20.914782, "volume": 25879, "typical_volume": 152728.25, "trend": 20.865522, "fair_value": 19.563892, "relative_strength": -9.120113, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.1113, "energy": 6.217341, "activity_lines": [ 20.866135, 20.84231, 20.852511, 20.86495 ] }, { "date": "2026-06-26", "close": 21.004438, "volume": 59488, "typical_volume": 144231.15, "trend": 20.870046, "fair_value": 19.582068, "relative_strength": -6.265589, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.885323, "energy": 21.063218, "activity_lines": [ 20.919696, 20.86905, 20.863893, 20.873913 ] }, { "date": "2026-07-03", "close": 20.835163, "volume": 34145, "typical_volume": 133574.85, "trend": 20.872062, "fair_value": 19.600688, "relative_strength": -8.736234, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.770425, "energy": 11.614919, "activity_lines": [ 20.899864, 20.865346, 20.858852, 20.871662 ] }, { "date": "2026-07-10", "close": 20.735568, "volume": 37815, "typical_volume": 97616.7, "trend": 20.872064, "fair_value": 19.616977, "relative_strength": -10.118195, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.163289, "energy": 14.33717, "activity_lines": [ 20.850083, 20.846134, 20.845651, 20.862856 ] }, { "date": "2026-07-17", "close": 20.755487, "volume": 19709, "typical_volume": 96920.9, "trend": 20.870252, "fair_value": 19.633169, "relative_strength": -8.374591, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.360732, "energy": 30.601903, "activity_lines": [ 20.809924, 20.831887, 20.836153, 20.855335 ] }, { "date": "2026-07-24", "close": 20.590559, "volume": 11147, "typical_volume": 95198.65, "trend": 20.861854, "fair_value": 19.648754, "relative_strength": -8.335708, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.174787, "energy": 58.609606, "activity_lines": [ 20.723747, 20.790078, 20.812944, 20.83729 ] }, { "date": "2026-07-31", "close": 20.552315, "volume": 110804, "typical_volume": 99835.4, "trend": 20.853924, "fair_value": 19.664735, "relative_strength": -9.187005, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.829683, "energy": 73.137605, "activity_lines": [ 20.646438, 20.742499, 20.787959, 20.81732 ] }, { "date": "2026-08-07", "close": 20.675, "volume": 79021, "typical_volume": 102782.65, "trend": 20.848283, "fair_value": 19.682194, "relative_strength": -11.441677, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.442926, "energy": 68.247696, "activity_lines": [ 20.640165, 20.72082, 20.775649, 20.805776 ] } ], "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." } } }