{ "ticker": { "uuid": "475a3e9a-0826-45aa-9809-35760e8dc486", "symbol": "GJAN", "name": "FT VEST U.S. EQUITY MODERATE BUFFER ETF - JANUARY", "exchange": "CBOE", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 54.021, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.534, "architecture_energy": 60.01, "architecture_maturity": 100.0, "architecture_confidence": 79.413, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 10.95, "rotation_up": 62.31, "upward_expansion": 84.68, "deceleration": 53.71, "rotation_down": 23.81, "downward_expansion": 9.01 }, "activity_lines": [ 45.378473, 45.190035, 44.88171, 44.38577 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 45.8167, "trend_reference": 43.82528, "distance_from_trend": 0.04544, "trend_direction": "Improving", "fair_value": 38.75862, "distance_from_fair_value": 0.182103, "fair_value_direction": "Improving", "relative_strength": -5.034995, "relative_strength_direction": "Improving", "price_momentum": 0.063773, "excess_performance": -0.061852, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04544, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020359, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.182103, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.001042, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.05035, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000313, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.063773, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.827823, "read": "Demand-led" } ], "volume": { "latest": 71228, "relative_activity": 0.359505, "balance": 4.827823, "dry_up": 0.326306, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.013231, "annualized_volatility": 0.065025, "from_high_reference": -0.00138, "from_low_reference": 0.127935 }, "levels": { "trend_reference": 43.82528, "fair_value_reference": 38.75862, "structural_low": 41.07, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.007588, "positive_rate": 0.909091, "directional_follow_through": 0.909091, "median_excess_return": -0.007613, "regime_survival": 0.954545, "best_return": 0.053276, "worst_return": -0.038422, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.028616, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.02459, "regime_survival": 0.857143, "best_return": 0.05306, "worst_return": -0.026192, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.059175, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.040567, "regime_survival": 1.0, "best_return": 0.070416, "worst_return": 0.029985, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.112223, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.085778, "regime_survival": 1.0, "best_return": 0.127258, "worst_return": 0.097188, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": 0.003836, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.003863, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2025-03-07", "tenure": "Extended", "return": 0.015399, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.004499, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.029941, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.039992, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-06-13", "tenure": "Developing", "return": 0.003717, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.027781, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-08-07", "tenure": "Extended", "return": 0.140556, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 32.3857, "volume": 46394, "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": "2023-08-25", "close": 32.584, "volume": 170028, "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": "2023-09-01", "close": 33.0202, "volume": 113654, "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": "2023-09-08", "close": 32.8588, "volume": 22398, "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": "2023-09-15", "close": 32.86, "volume": 79380, "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": "2023-09-22", "close": 32.32, "volume": 54087, "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": "2023-09-29", "close": 32.2387, "volume": 28580, "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": "2023-10-06", "close": 32.31, "volume": 35923, "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": "2023-10-13", "close": 32.4608, "volume": 46419, "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": "2023-10-20", "close": 31.9853, "volume": 41938, "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": "2023-10-27", "close": 31.35, "volume": 48400, "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": "2023-11-03", "close": 32.7007, "volume": 28250, "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": "2023-11-10", "close": 33.0358, "volume": 104467, "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": "2023-11-17", "close": 33.5389, "volume": 47213, "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": "2023-11-24", "close": 33.74, "volume": 142031, "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": "2023-12-01", "close": 33.9264, "volume": 27018, "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": "2023-12-08", "close": 34.0197, "volume": 109201, "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": "2023-12-15", "close": 34.3139, "volume": 482770, "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": "2023-12-22", "close": 34.3666, "volume": 317758, "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": "2023-12-29", "close": 34.48, "volume": 22905, "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": "2024-01-05", "close": 34.43, "volume": 110941, "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": "2024-01-12", "close": 34.6, "volume": 193395, "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": "2024-01-19", "close": 34.63, "volume": 872650, "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": "2024-01-26", "close": 34.81, "volume": 2190829, "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": "2024-02-02", "close": 35.0, "volume": 929460, "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": "2024-02-09", "close": 35.22, "volume": 1270332, "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": "2024-02-16", "close": 35.165, "volume": 350468, "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": "2024-02-23", "close": 35.41, "volume": 612277, "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": "2024-03-01", "close": 35.57, "volume": 131360, "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": "2024-03-08", "close": 35.55, "volume": 84537, "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": "2024-03-15", "close": 35.47, "volume": 85551, "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": "2024-03-22", "close": 35.8, "volume": 98098, "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": 35.88, "volume": 69903, "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": 35.773, "volume": 80069, "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": 35.52, "volume": 148462, "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": 35.1154, "volume": 193901, "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": 35.62, "volume": 165484, "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": 35.77, "volume": 62760, "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": 36.07, "volume": 29008, "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": 36.3048, "volume": 43693, "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": 36.3661, "volume": 340284, "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": 36.39, "volume": 27463, "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": 36.5422, "volume": 102866, "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": 36.78, "volume": 134331, "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": 36.8, "volume": 321132, "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": 36.8931, "volume": 108043, "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": 37.08, "volume": 110688, "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": 37.25, "volume": 116283, "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": 37.0195, "volume": 220542, "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": 36.9618, "volume": 159094, "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": 36.63, "volume": 122664, "typical_volume": 132738.4, "trend": 35.93303, "fair_value": 33.54917, "relative_strength": -4.309406, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.321383, "energy": 54.382114, "activity_lines": [ 36.909047, 36.905856, 36.613801, 36.337672 ] }, { "date": "2024-08-09", "close": 36.7705, "volume": 116778, "typical_volume": 133672.4, "trend": 36.00538, "fair_value": 33.58894, "relative_strength": -3.819352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.350557, "energy": 33.796984, "activity_lines": [ 36.83646, 36.894191, 36.655916, 36.391702 ] }, { "date": "2024-08-16", "close": 37.3251, "volume": 55441, "typical_volume": 132949.3, "trend": 36.095217, "fair_value": 33.634502, "relative_strength": -5.924514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.151744, "energy": 41.555866, "activity_lines": [ 36.969373, 36.976444, 36.746229, 36.476845 ] }, { "date": "2024-08-23", "close": 37.4693, "volume": 31393, "typical_volume": 130515.5, "trend": 36.18386, "fair_value": 33.680705, "relative_strength": -6.663059, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.894707, "energy": 51.393098, "activity_lines": [ 37.145347, 37.07068, 36.843393, 36.565496 ] }, { "date": "2024-08-30", "close": 37.5813, "volume": 47912, "typical_volume": 125488.0, "trend": 36.269903, "fair_value": 33.72714, "relative_strength": -6.451481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.949853, "energy": 60.669614, "activity_lines": [ 37.328667, 37.172747, 36.943146, 36.655653 ] }, { "date": "2024-09-06", "close": 37.0625, "volume": 215868, "typical_volume": 126586.35, "trend": 36.33132, "fair_value": 33.76638, "relative_strength": -3.600067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.863077, "energy": 58.282889, "activity_lines": [ 37.297753, 37.166282, 36.983674, 36.706788 ] }, { "date": "2024-09-13", "close": 37.54, "volume": 26968, "typical_volume": 119660.55, "trend": 36.410487, "fair_value": 33.810259, "relative_strength": -5.913681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.453039, "energy": 62.72112, "activity_lines": [ 37.397173, 37.243555, 37.060407, 36.784768 ] }, { "date": "2024-09-20", "close": 37.73, "volume": 64017, "typical_volume": 119723.4, "trend": 36.48782, "fair_value": 33.855314, "relative_strength": -6.517139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.319321, "energy": 57.104604, "activity_lines": [ 37.508627, 37.347009, 37.146091, 36.869898 ] }, { "date": "2024-09-27", "close": 37.8156, "volume": 625997, "typical_volume": 149572.85, "trend": 36.562673, "fair_value": 33.900317, "relative_strength": -6.573298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.682951, "energy": 56.617668, "activity_lines": [ 37.62162, 37.4573, 37.230595, 36.955561 ] }, { "date": "2024-10-04", "close": 37.8, "volume": 106844, "typical_volume": 152730.4, "trend": 36.637673, "fair_value": 33.944134, "relative_strength": -6.597526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.493773, "energy": 63.283063, "activity_lines": [ 37.706327, 37.55028, 37.305301, 37.035388 ] }, { "date": "2024-10-11", "close": 37.9342, "volume": 82437, "typical_volume": 139838.05, "trend": 36.719813, "fair_value": 33.988468, "relative_strength": -7.060115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.761263, "energy": 66.879025, "activity_lines": [ 37.821187, 37.65242, 37.385668, 37.119035 ] }, { "date": "2024-10-18", "close": 38.0642, "volume": 93595, "typical_volume": 143144.65, "trend": 36.795287, "fair_value": 34.033256, "relative_strength": -7.240494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.151945, "energy": 70.123426, "activity_lines": [ 37.921267, 37.754484, 37.470948, 37.20577 ] }, { "date": "2024-10-25", "close": 38.05, "volume": 463875, "typical_volume": 161195.1, "trend": 36.86762, "fair_value": 34.076916, "relative_strength": -6.086356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.009263, "energy": 56.346795, "activity_lines": [ 37.981667, 37.830444, 37.546904, 37.286719 ] }, { "date": "2024-11-01", "close": 37.9789, "volume": 70535, "typical_volume": 158005.3, "trend": 36.94115, "fair_value": 34.118873, "relative_strength": -4.693501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.207718, "energy": 52.307959, "activity_lines": [ 37.997033, 37.880296, 37.608908, 37.358415 ] }, { "date": "2024-11-08", "close": 38.364, "volume": 224168, "typical_volume": 153157.1, "trend": 37.03595, "fair_value": 34.164034, "relative_strength": -7.795265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.837308, "energy": 70.020364, "activity_lines": [ 38.12988, 37.990902, 37.70188, 37.450211 ] }, { "date": "2024-11-15", "close": 38.3246, "volume": 153127, "typical_volume": 155411.3, "trend": 37.142923, "fair_value": 34.207829, "relative_strength": -5.673455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.335478, "energy": 73.859968, "activity_lines": [ 38.211993, 38.080113, 37.783651, 37.53335 ] }, { "date": "2024-11-22", "close": 38.28, "volume": 88299, "typical_volume": 154291.85, "trend": 37.23159, "fair_value": 34.250248, "relative_strength": -7.048312, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.866767, "energy": 68.861417, "activity_lines": [ 38.253213, 38.138267, 37.854358, 37.60671 ] }, { "date": "2024-11-29", "close": 38.52, "volume": 18266, "typical_volume": 149391.0, "trend": 37.323257, "fair_value": 34.294266, "relative_strength": -7.275473, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.052143, "energy": 78.068738, "activity_lines": [ 38.360047, 38.226604, 37.942208, 37.689833 ] }, { "date": "2024-12-06", "close": 38.5566, "volume": 30379, "typical_volume": 139882.85, "trend": 37.406143, "fair_value": 34.337759, "relative_strength": -7.694719, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.825001, "energy": 75.325744, "activity_lines": [ 38.447747, 38.307231, 38.027496, 37.769404 ] }, { "date": "2024-12-13", "close": 38.6017, "volume": 130110, "typical_volume": 138433.65, "trend": 37.482707, "fair_value": 34.380829, "relative_strength": -6.777453, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.776491, "energy": 76.377285, "activity_lines": [ 38.511967, 38.382585, 38.10976, 37.846536 ] }, { "date": "2024-12-20", "close": 38.5693, "volume": 129748, "typical_volume": 138787.85, "trend": 37.556147, "fair_value": 34.422714, "relative_strength": -4.89416, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.173293, "energy": 75.13999, "activity_lines": [ 38.54954, 38.437473, 38.181129, 37.916639 ] }, { "date": "2024-12-27", "close": 38.6738, "volume": 544672, "typical_volume": 160182.55, "trend": 37.632273, "fair_value": 34.464804, "relative_strength": -5.029505, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.270022, "energy": 68.866433, "activity_lines": [ 38.605633, 38.499813, 38.253216, 37.988746 ] }, { "date": "2025-01-03", "close": 38.6908, "volume": 50259, "typical_volume": 159923.45, "trend": 37.703893, "fair_value": 34.506235, "relative_strength": -4.250092, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.287707, "energy": 60.654463, "activity_lines": [ 38.64114, 38.55416, 38.317858, 38.057038 ] }, { "date": "2025-01-10", "close": 38.73, "volume": 221540, "typical_volume": 169430.8, "trend": 37.768893, "fair_value": 34.547243, "relative_strength": -2.073388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.190679, "energy": 59.609536, "activity_lines": [ 38.678327, 38.603984, 38.37973, 38.123238 ] }, { "date": "2025-01-17", "close": 38.83, "volume": 1341770, "typical_volume": 234123.7, "trend": 37.83656, "fair_value": 34.588423, "relative_strength": -4.419976, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.759131, "energy": 59.261486, "activity_lines": [ 38.737287, 38.658333, 38.445123, 38.191697 ] }, { "date": "2025-01-24", "close": 39.15, "volume": 1392875, "typical_volume": 292974.05, "trend": 37.91179, "fair_value": 34.631867, "relative_strength": -5.065989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.903829, "energy": 67.473062, "activity_lines": [ 38.887693, 38.762391, 38.535046, 38.276435 ] }, { "date": "2025-01-31", "close": 39.02, "volume": 847416, "typical_volume": 333996.45, "trend": 37.976457, "fair_value": 34.673264, "relative_strength": -4.227755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.017152, "energy": 66.057368, "activity_lines": [ 38.956053, 38.827805, 38.602648, 38.347932 ] }, { "date": "2025-02-07", "close": 39.0, "volume": 914898, "typical_volume": 376540.5, "trend": 38.03479, "fair_value": 34.713701, "relative_strength": -3.938852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.655421, "energy": 55.469983, "activity_lines": [ 38.994667, 38.876129, 38.661297, 38.413967 ] }, { "date": "2025-02-14", "close": 39.3, "volume": 880276, "typical_volume": 389254.45, "trend": 38.110807, "fair_value": 34.756167, "relative_strength": -4.431596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.838641, "energy": 60.152847, "activity_lines": [ 39.112667, 38.970271, 38.74247, 38.495594 ] }, { "date": "2025-02-21", "close": 38.99, "volume": 252708, "typical_volume": 396547.65, "trend": 38.178413, "fair_value": 34.795009, "relative_strength": -3.488071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.315358, "energy": 47.771751, "activity_lines": [ 39.089333, 38.994533, 38.78705, 38.552316 ] }, { "date": "2025-02-28", "close": 38.78, "volume": 285982, "typical_volume": 406724.9, "trend": 38.25008, "fair_value": 34.831236, "relative_strength": -2.939292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.572421, "energy": 37.285551, "activity_lines": [ 38.985333, 38.973553, 38.805964, 38.591128 ] }, { "date": "2025-03-07", "close": 38.16, "volume": 144921, "typical_volume": 409291.2, "trend": 38.296397, "fair_value": 34.861225, "relative_strength": -1.347121, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.906201, "energy": 10.474411, "activity_lines": [ 38.699333, 38.836015, 38.761802, 38.585316 ] }, { "date": "2025-03-14", "close": 37.79, "volume": 190586, "typical_volume": 395626.75, "trend": 38.311893, "fair_value": 34.887375, "relative_strength": 0.060845, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -10.672937, "energy": 21.200184, "activity_lines": [ 38.347333, 38.640545, 38.681947, 38.552646 ] }, { "date": "2025-03-21", "close": 37.94, "volume": 69951, "typical_volume": 395597.55, "trend": 38.327583, "fair_value": 34.914389, "relative_strength": 0.014463, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.124806, "energy": 31.420465, "activity_lines": [ 38.126, 38.488727, 38.617615, 38.528652 ] }, { "date": "2025-03-28", "close": 37.62, "volume": 85628, "typical_volume": 388670.55, "trend": 38.328873, "fair_value": 34.938123, "relative_strength": 0.706555, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.454327, "energy": 39.392595, "activity_lines": [ 37.888667, 38.293091, 38.522992, 38.483002 ] }, { "date": "2025-04-04", "close": 35.63, "volume": 121103, "typical_volume": 387069.35, "trend": 38.281123, "fair_value": 34.944139, "relative_strength": 4.870341, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -64.447362, "energy": 76.022074, "activity_lines": [ 37.079333, 37.757636, 38.242388, 38.308881 ] }, { "date": "2025-04-11", "close": 36.6968, "volume": 332497, "typical_volume": 399279.25, "trend": 38.253017, "fair_value": 34.959248, "relative_strength": 2.261957, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.005222, "energy": 64.078249, "activity_lines": [ 36.8356, 37.480145, 38.076216, 38.206667 ] }, { "date": "2025-04-18", "close": 36.48, "volume": 62810, "typical_volume": 401506.45, "trend": 38.21135, "fair_value": 34.972246, "relative_strength": 3.186306, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.467224, "energy": 61.183303, "activity_lines": [ 36.617147, 37.205476, 37.896935, 38.092278 ] }, { "date": "2025-04-25", "close": 37.4265, "volume": 90040, "typical_volume": 404489.5, "trend": 38.19838, "fair_value": 34.993045, "relative_strength": 1.292292, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.553738, "energy": 43.436484, "activity_lines": [ 36.801527, 37.148716, 37.817511, 38.041643 ] }, { "date": "2025-05-02", "close": 37.998, "volume": 54721, "typical_volume": 400720.05, "trend": 38.20498, "fair_value": 35.018297, "relative_strength": 0.023079, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.538195, "energy": 28.461396, "activity_lines": [ 37.21064, 37.229929, 37.797897, 38.028715 ] }, { "date": "2025-05-09", "close": 37.9389, "volume": 76697, "typical_volume": 398067.5, "trend": 38.205137, "fair_value": 35.042635, "relative_strength": 0.379438, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.147092, "energy": 17.344105, "activity_lines": [ 37.574853, 37.318433, 37.77553, 38.011549 ] }, { "date": "2025-05-16", "close": 39.005, "volume": 162066, "typical_volume": 378937.2, "trend": 38.236497, "fair_value": 35.075382, "relative_strength": -1.878898, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.826686, "energy": 16.32754, "activity_lines": [ 38.140507, 37.616065, 37.857697, 38.063153 ] }, { "date": "2025-05-23", "close": 38.43, "volume": 255003, "typical_volume": 389174.4, "trend": 38.249163, "fair_value": 35.102879, "relative_strength": -0.714989, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.210761, "energy": 14.166065, "activity_lines": [ 38.360613, 37.793789, 37.883526, 38.075637 ] }, { "date": "2025-05-30", "close": 38.9, "volume": 55376, "typical_volume": 380866.2, "trend": 38.279867, "fair_value": 35.13375, "relative_strength": -1.143306, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.542332, "energy": 21.363049, "activity_lines": [ 38.607387, 38.045331, 37.955358, 38.117626 ] }, { "date": "2025-06-06", "close": 39.2394, "volume": 62236, "typical_volume": 316889.5, "trend": 38.309047, "fair_value": 35.16686, "relative_strength": -1.795904, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.200213, "energy": 28.801442, "activity_lines": [ 38.86906, 38.341127, 38.058705, 38.179532 ] }, { "date": "2025-06-13", "close": 39.15, "volume": 95096, "typical_volume": 252000.55, "trend": 38.33656, "fair_value": 35.198725, "relative_strength": -1.582023, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.727872, "energy": 35.156081, "activity_lines": [ 39.018173, 38.591225, 38.151588, 38.233787 ] }, { "date": "2025-06-20", "close": 39.1311, "volume": 53710, "typical_volume": 212315.25, "trend": 38.36493, "fair_value": 35.229934, "relative_strength": -1.398159, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.371009, "energy": 34.617442, "activity_lines": [ 39.080247, 38.773887, 38.24267, 38.285048 ] }, { "date": "2025-06-27", "close": 39.8674, "volume": 86259, "typical_volume": 170883.3, "trend": 38.409843, "fair_value": 35.26645, "relative_strength": -2.806828, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.753613, "energy": 44.974778, "activity_lines": [ 39.379347, 39.046162, 38.403348, 38.381981 ] }, { "date": "2025-07-04", "close": 40.2182, "volume": 85730, "typical_volume": 131156.0, "trend": 38.46523, "fair_value": 35.305135, "relative_strength": -3.493174, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.811985, "energy": 63.227887, "activity_lines": [ 39.699553, 39.320629, 38.593305, 38.498649 ] }, { "date": "2025-07-11", "close": 40.1705, "volume": 63237, "typical_volume": 121682.45, "trend": 38.517523, "fair_value": 35.342851, "relative_strength": -3.259968, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.076262, "energy": 81.779246, "activity_lines": [ 39.91598, 39.535665, 38.774346, 38.608667 ] }, { "date": "2025-07-18", "close": 40.2989, "volume": 87206, "typical_volume": 111743.65, "trend": 38.575177, "fair_value": 35.380975, "relative_strength": -3.450009, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.473859, "energy": 85.644737, "activity_lines": [ 40.113133, 39.734547, 38.961995, 38.723594 ] }, { "date": "2025-07-25", "close": 40.6194, "volume": 282630, "typical_volume": 118629.1, "trend": 38.64003, "fair_value": 35.420963, "relative_strength": -3.998195, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.608082, "energy": 90.787004, "activity_lines": [ 40.340527, 39.948793, 39.172934, 38.85548 ] }, { "date": "2025-08-01", "close": 40.19, "volume": 254118, "typical_volume": 121805.7, "trend": 38.690003, "fair_value": 35.457092, "relative_strength": -2.523631, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.926715, "energy": 85.21233, "activity_lines": [ 40.325567, 40.055613, 39.331267, 38.955478 ] }, { "date": "2025-08-08", "close": 40.6907, "volume": 314615, "typical_volume": 134038.9, "trend": 38.75536, "fair_value": 35.496442, "relative_strength": -3.536354, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.847314, "energy": 84.629513, "activity_lines": [ 40.456, 40.221469, 39.525857, 39.084555 ] }, { "date": "2025-08-15", "close": 40.9031, "volume": 60315, "typical_volume": 132773.25, "trend": 38.824463, "fair_value": 35.53679, "relative_strength": -3.847641, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.934946, "energy": 87.044021, "activity_lines": [ 40.625733, 40.393385, 39.727577, 39.223119 ] }, { "date": "2025-08-22", "close": 41.0049, "volume": 70797, "typical_volume": 130257.95, "trend": 38.886293, "fair_value": 35.577295, "relative_strength": -3.777355, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.05593, "energy": 84.679599, "activity_lines": [ 40.78056, 40.553562, 39.923359, 39.363792 ] }, { "date": "2025-08-29", "close": 41.06, "volume": 177371, "typical_volume": 122501.65, "trend": 38.954293, "fair_value": 35.617609, "relative_strength": -3.501151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.691737, "energy": 87.693715, "activity_lines": [ 40.906687, 40.690031, 40.098793, 39.504031 ] }, { "date": "2025-09-05", "close": 41.12, "volume": 77593, "typical_volume": 123240.8, "trend": 39.02496, "fair_value": 35.657772, "relative_strength": -3.520916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.671216, "energy": 86.568865, "activity_lines": [ 41.02344, 40.802338, 40.259164, 39.643754 ] }, { "date": "2025-09-12", "close": 41.4135, "volume": 107479, "typical_volume": 124112.75, "trend": 39.09541, "fair_value": 35.69948, "relative_strength": -4.205895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.860582, "energy": 85.40993, "activity_lines": [ 41.176027, 40.945235, 40.425393, 39.797854 ] }, { "date": "2025-09-19", "close": 41.6, "volume": 203368, "typical_volume": 131545.1, "trend": 39.18241, "fair_value": 35.74193, "relative_strength": -4.823176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.877015, "energy": 77.367074, "activity_lines": [ 41.342593, 41.100307, 40.590398, 39.95944 ] }, { "date": "2025-09-26", "close": 41.6, "volume": 186641, "typical_volume": 137042.3, "trend": 39.27641, "fair_value": 35.783774, "relative_strength": -4.437931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.093643, "energy": 79.014044, "activity_lines": [ 41.4627, 41.229389, 40.73825, 40.115414 ] }, { "date": "2025-10-03", "close": 41.75, "volume": 86284, "typical_volume": 133253.2, "trend": 39.396077, "fair_value": 35.826087, "relative_strength": -5.030751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.673683, "energy": 83.935044, "activity_lines": [ 41.593133, 41.362087, 40.882954, 40.275 ] }, { "date": "2025-10-10", "close": 41.32, "volume": 223867, "typical_volume": 131696.4, "trend": 39.513743, "fair_value": 35.864777, "relative_strength": -3.594828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.386285, "energy": 66.262145, "activity_lines": [ 41.534233, 41.396047, 40.973635, 40.399124 ] }, { "date": "2025-10-17", "close": 41.6485, "volume": 86222, "typical_volume": 133238.7, "trend": 39.63736, "fair_value": 35.905222, "relative_strength": -4.401303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.194798, "energy": 66.175373, "activity_lines": [ 41.5715, 41.469189, 41.081839, 40.53685 ] }, { "date": "2025-10-24", "close": 41.97, "volume": 166287, "typical_volume": 138441.25, "trend": 39.78236, "fair_value": 35.947339, "relative_strength": -5.366728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.945577, "energy": 69.222999, "activity_lines": [ 41.700267, 41.583371, 41.207574, 40.687343 ] }, { "date": "2025-10-31", "close": 42.0, "volume": 111362, "typical_volume": 139254.55, "trend": 39.994693, "fair_value": 35.989081, "relative_strength": -5.808284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.303335, "energy": 67.843878, "activity_lines": [ 41.814367, 41.683609, 41.323164, 40.830417 ] }, { "date": "2025-11-07", "close": 41.86, "volume": 63912, "typical_volume": 139764.65, "trend": 40.1668, "fair_value": 36.029293, "relative_strength": -4.499747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.188236, "energy": 65.497534, "activity_lines": [ 41.855133, 41.7403, 41.411849, 40.950759 ] }, { "date": "2025-11-14", "close": 41.94, "volume": 75783, "typical_volume": 139240.85, "trend": 40.3488, "fair_value": 36.069502, "relative_strength": -4.346845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.098108, "energy": 65.376597, "activity_lines": [ 41.915233, 41.796991, 41.495158, 41.065159 ] }, { "date": "2025-11-21", "close": 41.6656, "volume": 212474, "typical_volume": 145578.05, "trend": 40.490103, "fair_value": 36.107314, "relative_strength": -3.060113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.43133, "energy": 53.962563, "activity_lines": [ 41.842533, 41.788882, 41.542464, 41.150114 ] }, { "date": "2025-11-28", "close": 42.32, "volume": 55675, "typical_volume": 145199.95, "trend": 40.63417, "fair_value": 36.149009, "relative_strength": -4.969568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.044711, "energy": 58.111719, "activity_lines": [ 41.986827, 41.895171, 41.645201, 41.268172 ] }, { "date": "2025-12-05", "close": 42.51, "volume": 57285, "typical_volume": 143703.9, "trend": 40.78654, "fair_value": 36.191416, "relative_strength": -4.801093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.039963, "energy": 61.147818, "activity_lines": [ 42.17112, 42.022915, 41.755799, 41.389193 ] }, { "date": "2025-12-12", "close": 42.5, "volume": 160697, "typical_volume": 137607.25, "trend": 40.90304, "fair_value": 36.233195, "relative_strength": -4.209138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.320409, "energy": 61.47781, "activity_lines": [ 42.31808, 42.132295, 41.854914, 41.499739 ] }, { "date": "2025-12-19", "close": 42.64, "volume": 95021, "typical_volume": 129652.4, "trend": 41.043373, "fair_value": 36.275345, "relative_strength": -3.914483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.98052, "energy": 73.941823, "activity_lines": [ 42.46904, 42.253493, 41.958408, 41.611801 ] }, { "date": "2025-12-26", "close": 42.8611, "volume": 170973, "typical_volume": 122470.3, "trend": 41.17541, "fair_value": 36.318389, "relative_strength": -4.67308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.442988, "energy": 81.676253, "activity_lines": [ 42.647033, 42.390891, 42.071292, 41.729074 ] }, { "date": "2026-01-02", "close": 42.86, "volume": 90409, "typical_volume": 123975.0, "trend": 41.296097, "fair_value": 36.360867, "relative_strength": -3.582761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.801913, "energy": 77.637327, "activity_lines": [ 42.74496, 42.506042, 42.173737, 41.837757 ] }, { "date": "2026-01-09", "close": 43.03, "volume": 905785, "typical_volume": 165724.4, "trend": 41.42543, "fair_value": 36.403894, "relative_strength": -4.565273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.400512, "energy": 81.547486, "activity_lines": [ 42.863553, 42.63592, 42.283053, 41.949622 ] }, { "date": "2026-01-16", "close": 43.08, "volume": 846812, "typical_volume": 199196.45, "trend": 41.55706, "fair_value": 36.446689, "relative_strength": -4.023311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.179319, "energy": 82.107772, "activity_lines": [ 42.964147, 42.756162, 42.387488, 42.056368 ] }, { "date": "2026-01-23", "close": 43.02, "volume": 1098423, "typical_volume": 250237.95, "trend": 41.662147, "fair_value": 36.526304, "relative_strength": -3.741168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.312181, "energy": 65.641755, "activity_lines": [ 43.006073, 42.843313, 42.476589, 42.150751 ] }, { "date": "2026-01-30", "close": 43.02, "volume": 575598, "typical_volume": 273643.9, "trend": 41.75554, "fair_value": 36.604768, "relative_strength": -4.024823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.326685, "energy": 59.15436, "activity_lines": [ 43.022667, 42.910827, 42.556643, 42.238355 ] }, { "date": "2026-02-06", "close": 43.07, "volume": 283904, "typical_volume": 277670.7, "trend": 41.85219, "fair_value": 36.68469, "relative_strength": -3.630679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.200605, "energy": 54.825289, "activity_lines": [ 43.045333, 42.962807, 42.633809, 42.323158 ] }, { "date": "2026-02-13", "close": 42.78, "volume": 582695, "typical_volume": 297473.4, "trend": 41.934893, "fair_value": 36.762511, "relative_strength": -2.963166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.124522, "energy": 44.567374, "activity_lines": [ 42.957333, 42.948424, 42.676355, 42.383017 ] }, { "date": "2026-02-20", "close": 43.06, "volume": 232807, "typical_volume": 304799.55, "trend": 42.016247, "fair_value": 36.845091, "relative_strength": -3.321392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.743747, "energy": 37.472604, "activity_lines": [ 42.979333, 42.98004, 42.73995, 42.455605 ] }, { "date": "2026-02-27", "close": 42.94, "volume": 426754, "typical_volume": 314943.9, "trend": 42.107913, "fair_value": 36.924581, "relative_strength": -3.008185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.536985, "energy": 31.960611, "activity_lines": [ 42.962667, 42.979656, 42.785877, 42.515202 ] }, { "date": "2026-03-06", "close": 42.44, "volume": 277004, "typical_volume": 324483.0, "trend": 42.166223, "fair_value": 37.00612, "relative_strength": -2.082914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.8339, "energy": 17.063847, "activity_lines": [ 42.784667, 42.882909, 42.776471, 42.536627 ] }, { "date": "2026-03-13", "close": 42.08, "volume": 351173, "typical_volume": 333727.3, "trend": 42.205453, "fair_value": 37.082722, "relative_strength": -1.305004, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -3.134287, "energy": 10.953961, "activity_lines": [ 42.525333, 42.728364, 42.729011, 42.531064 ] }, { "date": "2026-03-20", "close": 41.67, "volume": 374423, "typical_volume": 346880.35, "trend": 42.227623, "fair_value": 37.155479, "relative_strength": -0.362277, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -35.133233, "energy": 34.207829, "activity_lines": [ 42.195333, 42.513455, 42.641979, 42.496518 ] }, { "date": "2026-03-27", "close": 41.28, "volume": 449337, "typical_volume": 366151.6, "trend": 42.234957, "fair_value": 37.221569, "relative_strength": 1.061041, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -41.09503, "energy": 50.053148, "activity_lines": [ 41.809333, 42.252364, 42.519376, 42.435382 ] }, { "date": "2026-04-03", "close": 42.09, "volume": 951043, "typical_volume": 409914.6, "trend": 42.26729, "fair_value": 37.293043, "relative_strength": -0.158727, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -19.835852, "energy": 27.291558, "activity_lines": [ 41.812, 42.171273, 42.476677, 42.426029 ] }, { "date": "2026-04-10", "close": 42.97, "volume": 405409, "typical_volume": 419561.35, "trend": 42.319173, "fair_value": 37.369433, "relative_strength": -1.431073, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -2.227612, "energy": 11.404479, "activity_lines": [ 42.164667, 42.267091, 42.517074, 42.471366 ] }, { "date": "2026-04-17", "close": 43.89, "volume": 224664, "typical_volume": 428010.8, "trend": 42.395507, "fair_value": 37.451099, "relative_strength": -3.430357, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.584862, "energy": 23.61442, "activity_lines": [ 42.788667, 42.531091, 42.638878, 42.572709 ] }, { "date": "2026-04-24", "close": 43.94, "volume": 171056, "typical_volume": 433699.35, "trend": 42.473507, "fair_value": 37.532574, "relative_strength": -3.626343, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.748081, "energy": 42.043283, "activity_lines": [ 43.308667, 42.789273, 42.757968, 42.672354 ] }, { "date": "2026-05-01", "close": 44.19, "volume": 189959, "typical_volume": 435162.45, "trend": 42.55484, "fair_value": 37.61642, "relative_strength": -3.792332, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.323823, "energy": 57.793749, "activity_lines": [ 43.760667, 43.071818, 42.894058, 42.783095 ] }, { "date": "2026-05-08", "close": 44.5289, "volume": 56706, "typical_volume": 433246.7, "trend": 42.661803, "fair_value": 37.702438, "relative_strength": -5.066324, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.005154, "energy": 73.431994, "activity_lines": [ 44.131633, 43.395436, 43.054377, 42.910454 ] }, { "date": "2026-05-15", "close": 44.55, "volume": 89962, "typical_volume": 429196.15, "trend": 42.75852, "fair_value": 37.786797, "relative_strength": -5.044602, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.95052, "energy": 73.779288, "activity_lines": [ 44.34704, 43.694002, 43.20771, 43.032273 ] }, { "date": "2026-05-22", "close": 44.76, "volume": 61621, "typical_volume": 427756.75, "trend": 42.85152, "fair_value": 37.871642, "relative_strength": -5.221149, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.829743, "energy": 74.817031, "activity_lines": [ 44.527113, 43.992385, 43.373001, 43.161401 ] }, { "date": "2026-05-29", "close": 44.98, "volume": 48595, "typical_volume": 384897.25, "trend": 42.950853, "fair_value": 37.955796, "relative_strength": -5.911624, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.796237, "energy": 73.55447, "activity_lines": [ 44.72252, 44.282042, 43.550197, 43.298722 ] }, { "date": "2026-06-05", "close": 44.6472, "volume": 60298, "typical_volume": 345571.55, "trend": 43.04376, "fair_value": 38.037041, "relative_strength": -4.044036, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.302595, "energy": 53.420344, "activity_lines": [ 44.73766, 44.451007, 43.686411, 43.408164 ] }, { "date": "2026-06-12", "close": 44.72, "volume": 799698, "typical_volume": 330635.3, "trend": 43.136427, "fair_value": 38.116913, "relative_strength": -4.255497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.960996, "energy": 45.651741, "activity_lines": [ 44.746587, 44.571987, 43.822097, 43.516309 ] }, { "date": "2026-06-19", "close": 44.94, "volume": 51000, "typical_volume": 304405.4, "trend": 43.245573, "fair_value": 38.198848, "relative_strength": -4.48444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.238703, "energy": 45.227639, "activity_lines": [ 44.816107, 44.685149, 43.970639, 43.632668 ] }, { "date": "2026-06-26", "close": 44.6939, "volume": 48809, "typical_volume": 292650.65, "trend": 43.324703, "fair_value": 38.276805, "relative_strength": -2.56841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.186768, "energy": 39.422481, "activity_lines": [ 44.777593, 44.717747, 44.0866, 43.726109 ] }, { "date": "2026-07-03", "close": 44.992, "volume": 38894, "typical_volume": 265460.6, "trend": 43.407437, "fair_value": 38.357479, "relative_strength": -3.862375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.604733, "energy": 59.968702, "activity_lines": [ 44.842853, 44.789929, 44.22322, 43.833676 ] }, { "date": "2026-07-10", "close": 45.25, "volume": 56905, "typical_volume": 256665.5, "trend": 43.499103, "fair_value": 38.437521, "relative_strength": -4.461865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.38052, "energy": 72.02338, "activity_lines": [ 44.993313, 44.889893, 44.373877, 43.952551 ] }, { "date": "2026-07-17", "close": 45.04, "volume": 91790, "typical_volume": 239917.3, "trend": 43.579103, "fair_value": 38.515919, "relative_strength": -3.285202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.200195, "energy": 70.110639, "activity_lines": [ 45.033587, 44.932402, 44.494105, 44.051964 ] }, { "date": "2026-07-24", "close": 45.0152, "volume": 58957, "typical_volume": 229014.95, "trend": 43.650907, "fair_value": 38.593324, "relative_strength": -2.662289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.669357, "energy": 68.358778, "activity_lines": [ 45.04426, 44.961109, 44.601972, 44.144615 ] }, { "date": "2026-07-31", "close": 45.3045, "volume": 36626, "typical_volume": 213287.6, "trend": 43.73239, "fair_value": 38.674506, "relative_strength": -2.958446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.497995, "energy": 60.185471, "activity_lines": [ 45.146353, 45.033958, 44.725128, 44.251299 ] }, { "date": "2026-08-07", "close": 45.8167, "volume": 71228, "typical_volume": 198127.85, "trend": 43.82528, "fair_value": 38.75862, "relative_strength": -5.034995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.534381, "energy": 60.009804, "activity_lines": [ 45.378473, 45.190035, 44.88171, 44.38577 ] } ], "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." } } }