{ "ticker": { "uuid": "495061f3-98e8-4630-9ccb-a288a0a08f25", "symbol": "MVS", "name": "VanEck Small Companies Masters ETF", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 66.251, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 11.618, "architecture_energy": 10.645, "architecture_maturity": 17.394, "architecture_confidence": 75.434, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 62.25, "rotation_up": 28.75, "upward_expansion": 29.99, "deceleration": 38.66, "rotation_down": 24.42, "downward_expansion": 45.33 }, "activity_lines": [ 20.883333, 20.759512, 20.610192, 20.690432 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 21.879999, "trend_reference": 21.118035, "distance_from_trend": 0.036081, "trend_direction": "Weakening", "fair_value": 19.414528, "distance_from_fair_value": 0.126991, "fair_value_direction": "Improving", "relative_strength": -4.380817, "relative_strength_direction": "Improving", "price_momentum": 0.00413, "excess_performance": -0.059575, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036081, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.03276, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.126991, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.057258, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.043808, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007442, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.00413, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.157048, "read": "Demand-led" } ], "volume": { "latest": 43358, "relative_activity": 1.52561, "balance": 1.157048, "dry_up": 1.401007, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.031512, "annualized_volatility": 0.224413, "from_high_reference": -0.107667, "from_low_reference": 0.14916 }, "levels": { "trend_reference": 21.118035, "fair_value_reference": 19.414528, "structural_low": 19.040001, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.017241, "positive_rate": 0.384615, "directional_follow_through": 0.384615, "median_excess_return": -0.00947, "regime_survival": 0.384615, "best_return": 0.057703, "worst_return": -0.084261, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.021526, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.011452, "regime_survival": 0.0, "best_return": 0.106624, "worst_return": -0.092741, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.011747, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.023014, "regime_survival": 0.0, "best_return": 0.199451, "worst_return": -0.181288, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.058533, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.032475, "regime_survival": 0.0, "best_return": 0.073751, "worst_return": -0.107821, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-06-14", "tenure": "Developing", "return": -0.007357, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-07-26", "tenure": "Developing", "return": 0.020178, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-11-15", "tenure": "Established", "return": 0.011294, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-02-14", "tenure": "Established", "return": 0.021728, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.030485, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.026702, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.043181, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": 0.002003, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-11-14", "tenure": "Established", "return": 0.172841, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-19", "tenure": "Developing", "return": 0.053013, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-06", "tenure": "Developing", "return": -0.057517, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.044252, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-06-19", "tenure": "Established", "return": 0.094308, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.06771, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.736942, "volume": 12664, "typical_volume": 24384.7, "trend": 16.533458, "fair_value": 17.189099, "relative_strength": 1.460183, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.978755, "energy": 26.126742, "activity_lines": [ 16.856033, 16.782248, 16.602159, 16.527522 ] }, { "date": "2023-08-25", "close": 16.645334, "volume": 12259, "typical_volume": 24561.5, "trend": 16.507634, "fair_value": 17.197639, "relative_strength": 1.436095, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 40.038393, "energy": 22.857779, "activity_lines": [ 16.780304, 16.784299, 16.613663, 16.53474 ] }, { "date": "2023-09-01", "close": 16.965965, "volume": 97154, "typical_volume": 29101.45, "trend": 16.486819, "fair_value": 17.208653, "relative_strength": 1.152131, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.753889, "energy": 26.241609, "activity_lines": [ 16.826719, 16.837379, 16.653032, 16.564309 ] }, { "date": "2023-09-08", "close": 16.599531, "volume": 9001, "typical_volume": 24232.6, "trend": 16.483974, "fair_value": 17.217891, "relative_strength": 0.741639, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.206997, "energy": 16.364517, "activity_lines": [ 16.752211, 16.803401, 16.655694, 16.571581 ] }, { "date": "2023-09-15", "close": 16.910999, "volume": 83791, "typical_volume": 28112.9, "trend": 16.487327, "fair_value": 17.226777, "relative_strength": 1.004917, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.508182, "energy": 20.289319, "activity_lines": [ 16.791908, 16.822389, 16.6877, 16.599131 ] }, { "date": "2023-09-22", "close": 16.489597, "volume": 79887, "typical_volume": 31671.95, "trend": 16.478427, "fair_value": 17.234737, "relative_strength": 1.445068, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.297366, "energy": 12.045867, "activity_lines": [ 16.697856, 16.752099, 16.678069, 16.599278 ] }, { "date": "2023-09-29", "close": 16.333862, "volume": 10923, "typical_volume": 31669.05, "trend": 16.473301, "fair_value": 17.240237, "relative_strength": 0.79572, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.103853, "energy": 12.084601, "activity_lines": [ 16.568381, 16.667819, 16.654366, 16.589951 ] }, { "date": "2023-10-06", "close": 15.949103, "volume": 5957, "typical_volume": 31515.1, "trend": 16.458637, "fair_value": 17.238884, "relative_strength": -0.195626, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.822975, "energy": 25.874304, "activity_lines": [ 16.331419, 16.52341, 16.596245, 16.556132 ] }, { "date": "2023-10-13", "close": 16.214771, "volume": 13060, "typical_volume": 31830.65, "trend": 16.472851, "fair_value": 17.238138, "relative_strength": 0.065843, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.710831, "energy": 35.688906, "activity_lines": [ 16.250803, 16.446125, 16.566674, 16.540398 ] }, { "date": "2023-10-20", "close": 15.775048, "volume": 143147, "typical_volume": 38724.6, "trend": 16.480179, "fair_value": 17.236191, "relative_strength": -0.538926, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.402664, "energy": 59.089493, "activity_lines": [ 16.049264, 16.298718, 16.494773, 16.495379 ] }, { "date": "2023-10-27", "close": 15.390289, "volume": 19879, "typical_volume": 39369.55, "trend": 16.458841, "fair_value": 17.235747, "relative_strength": -1.86424, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.94247, "energy": 77.429563, "activity_lines": [ 15.795201, 16.10384, 16.387999, 16.425063 ] }, { "date": "2023-11-03", "close": 15.894143, "volume": 229535, "typical_volume": 46323.8, "trend": 16.452506, "fair_value": 17.234616, "relative_strength": -0.797216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.857986, "energy": 65.591551, "activity_lines": [ 15.782377, 16.025057, 16.332132, 16.388631 ] }, { "date": "2023-11-10", "close": 15.967428, "volume": 14035, "typical_volume": 46279.35, "trend": 16.431879, "fair_value": 17.233981, "relative_strength": -0.252127, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.779122, "energy": 58.354286, "activity_lines": [ 15.823296, 15.973257, 16.284917, 16.357336 ] }, { "date": "2023-11-17", "close": 16.29722, "volume": 42829, "typical_volume": 43139.05, "trend": 16.424037, "fair_value": 17.235695, "relative_strength": 0.775636, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.666774, "energy": 34.6024, "activity_lines": [ 15.972924, 15.999574, 16.268515, 16.348648 ] }, { "date": "2023-11-24", "close": 16.095676, "volume": 12254, "typical_volume": 42498.6, "trend": 16.407385, "fair_value": 17.234186, "relative_strength": -0.325178, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.116787, "energy": 20.303991, "activity_lines": [ 16.049875, 15.994743, 16.233398, 16.327464 ] }, { "date": "2023-12-01", "close": 16.379665, "volume": 15302, "typical_volume": 42855.25, "trend": 16.398406, "fair_value": 17.233348, "relative_strength": 0.965784, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.460209, "energy": 17.791164, "activity_lines": [ 16.200113, 16.05637, 16.225895, 16.325675 ] }, { "date": "2023-12-08", "close": 16.84687, "volume": 15012, "typical_volume": 42970.85, "trend": 16.399921, "fair_value": 17.236288, "relative_strength": 2.045584, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.035834, "energy": 19.560068, "activity_lines": [ 16.440127, 16.204943, 16.267162, 16.354608 ] }, { "date": "2023-12-15", "close": 17.396526, "volume": 77949, "typical_volume": 45783.25, "trend": 16.425435, "fair_value": 17.241237, "relative_strength": 1.854737, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.848877, "energy": 39.49832, "activity_lines": [ 16.799845, 16.444126, 16.360909, 16.418906 ] }, { "date": "2023-12-22", "close": 17.799606, "volume": 35654, "typical_volume": 47119.9, "trend": 16.48142, "fair_value": 17.249763, "relative_strength": 3.340827, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.535973, "energy": 76.035879, "activity_lines": [ 17.19865, 16.730279, 16.491081, 16.507562 ] }, { "date": "2023-12-29", "close": 17.76296, "volume": 10983, "typical_volume": 47063.75, "trend": 16.535287, "fair_value": 17.256591, "relative_strength": 1.91605, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.654565, "energy": 87.137467, "activity_lines": [ 17.48508, 16.980954, 16.612789, 16.590242 ] }, { "date": "2024-01-05", "close": 17.397776, "volume": 20314, "typical_volume": 47446.25, "trend": 16.581763, "fair_value": 17.260972, "relative_strength": 1.207126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.017735, "energy": 82.606621, "activity_lines": [ 17.538631, 17.129088, 16.696142, 16.645886 ] }, { "date": "2024-01-12", "close": 17.547598, "volume": 21721, "typical_volume": 47919.35, "trend": 16.625163, "fair_value": 17.267802, "relative_strength": 1.963052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.243753, "energy": 80.158968, "activity_lines": [ 17.574247, 17.267963, 16.790616, 16.708198 ] }, { "date": "2024-01-19", "close": 17.360323, "volume": 13255, "typical_volume": 43724.4, "trend": 16.67577, "fair_value": 17.271731, "relative_strength": 1.903934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.888835, "energy": 64.430938, "activity_lines": [ 17.500724, 17.342725, 16.862958, 16.755628 ] }, { "date": "2024-01-26", "close": 17.547598, "volume": 21382, "typical_volume": 44343.45, "trend": 16.71409, "fair_value": 17.279039, "relative_strength": 1.175429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.952838, "energy": 49.825378, "activity_lines": [ 17.492039, 17.426211, 16.951258, 16.811875 ] }, { "date": "2024-02-02", "close": 17.847235, "volume": 24905, "typical_volume": 41399.15, "trend": 16.768506, "fair_value": 17.285132, "relative_strength": 0.986411, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.097905, "energy": 56.822535, "activity_lines": [ 17.600034, 17.541443, 17.06358, 16.884981 ] }, { "date": "2024-02-09", "close": 17.931505, "volume": 11247, "typical_volume": 37967.15, "trend": 16.790308, "fair_value": 17.292775, "relative_strength": 2.101432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.929523, "energy": 57.377008, "activity_lines": [ 17.7305, 17.64015, 17.179469, 16.960013 ] }, { "date": "2024-02-16", "close": 17.912779, "volume": 53746, "typical_volume": 40108.3, "trend": 16.824922, "fair_value": 17.302318, "relative_strength": 1.771668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.880773, "energy": 70.44942, "activity_lines": [ 17.819143, 17.707237, 17.286709, 17.032431 ] }, { "date": "2024-02-23", "close": 18.100054, "volume": 21852, "typical_volume": 40903.05, "trend": 16.862114, "fair_value": 17.313752, "relative_strength": 2.969016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.941557, "energy": 77.337027, "activity_lines": [ 17.945865, 17.788994, 17.404266, 17.114697 ] }, { "date": "2024-03-01", "close": 18.193691, "volume": 59493, "typical_volume": 43224.7, "trend": 16.910062, "fair_value": 17.32754, "relative_strength": 2.065964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.771246, "energy": 76.588238, "activity_lines": [ 18.054484, 17.874985, 17.520498, 17.200605 ] }, { "date": "2024-03-08", "close": 18.64315, "volume": 15862, "typical_volume": 36860.45, "trend": 16.964441, "fair_value": 17.340436, "relative_strength": 3.165266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.145376, "energy": 87.389837, "activity_lines": [ 18.269849, 18.03553, 17.670113, 17.312417 ] }, { "date": "2024-03-15", "close": 18.465239, "volume": 4235, "typical_volume": 36078.25, "trend": 17.022051, "fair_value": 17.350172, "relative_strength": 4.403732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.75504, "energy": 84.701027, "activity_lines": [ 18.37285, 18.147724, 17.789126, 17.409243 ] }, { "date": "2024-03-22", "close": 18.652512, "volume": 12799, "typical_volume": 25241.45, "trend": 17.088957, "fair_value": 17.360576, "relative_strength": 3.9592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.34104, "energy": 86.412832, "activity_lines": [ 18.502693, 18.274559, 17.911331, 17.514434 ] }, { "date": "2024-03-29", "close": 18.895971, "volume": 9313, "typical_volume": 25005.35, "trend": 17.153291, "fair_value": 17.37318, "relative_strength": 3.494241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.117501, "energy": 86.043647, "activity_lines": [ 18.664374, 18.425571, 18.043589, 17.631016 ] }, { "date": "2024-04-05", "close": 18.549513, "volume": 8963, "typical_volume": 23312.05, "trend": 17.21829, "fair_value": 17.378991, "relative_strength": 3.076422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.269089, "energy": 63.93109, "activity_lines": [ 18.657508, 18.485669, 18.128904, 17.721094 ] }, { "date": "2024-04-12", "close": 18.380964, "volume": 17636, "typical_volume": 23581.15, "trend": 17.267289, "fair_value": 17.382341, "relative_strength": 1.855143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.478944, "energy": 57.657653, "activity_lines": [ 18.570737, 18.496905, 18.187443, 17.796106 ] }, { "date": "2024-04-19", "close": 17.678686, "volume": 19323, "typical_volume": 23782.2, "trend": 17.306925, "fair_value": 17.381189, "relative_strength": 0.754367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.706007, "energy": 30.66404, "activity_lines": [ 18.267352, 18.37075, 18.168215, 17.822647 ] }, { "date": "2024-04-26", "close": 17.819145, "volume": 16081, "typical_volume": 23835.65, "trend": 17.356435, "fair_value": 17.381203, "relative_strength": 1.37096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.896433, "energy": 25.728906, "activity_lines": [ 18.063224, 18.27473, 18.156178, 17.855694 ] }, { "date": "2024-05-03", "close": 17.753595, "volume": 17568, "typical_volume": 20816.6, "trend": 17.416585, "fair_value": 17.381434, "relative_strength": 0.277491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.531573, "energy": 23.982804, "activity_lines": [ 17.892804, 18.168494, 18.133269, 17.881317 ] }, { "date": "2024-05-10", "close": 17.912779, "volume": 18310, "typical_volume": 19949.4, "trend": 17.473185, "fair_value": 17.384068, "relative_strength": -0.387165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.663442, "energy": 22.793347, "activity_lines": [ 17.851603, 18.0975, 18.12382, 17.91333 ] }, { "date": "2024-05-17", "close": 17.856598, "volume": 11726, "typical_volume": 19986.55, "trend": 17.54257, "fair_value": 17.387032, "relative_strength": -1.531007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.444662, "energy": 18.938444, "activity_lines": [ 17.834124, 18.021399, 18.108481, 17.938066 ] }, { "date": "2024-05-24", "close": 17.65996, "volume": 14902, "typical_volume": 19715.95, "trend": 17.618226, "fair_value": 17.385813, "relative_strength": -1.547814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.98401, "energy": 17.609884, "activity_lines": [ 17.786058, 17.923846, 18.073969, 17.94564 ] }, { "date": "2024-05-31", "close": 17.631868, "volume": 35402, "typical_volume": 20400.0, "trend": 17.67615, "fair_value": 17.384148, "relative_strength": -1.397952, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.51516, "energy": 17.931102, "activity_lines": [ 17.729875, 17.835827, 18.035534, 17.94652 ] }, { "date": "2024-06-07", "close": 18.015781, "volume": 17057, "typical_volume": 20590.1, "trend": 17.744428, "fair_value": 17.382871, "relative_strength": -1.317023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.506565, "energy": 11.7807, "activity_lines": [ 17.814149, 17.836168, 18.03326, 17.968431 ] }, { "date": "2024-06-14", "close": 17.688049, "volume": 15283, "typical_volume": 20285.15, "trend": 17.790789, "fair_value": 17.379334, "relative_strength": -1.450491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.087806, "energy": 17.621433, "activity_lines": [ 17.771699, 17.792924, 17.996652, 17.964794 ] }, { "date": "2024-06-21", "close": 18.100054, "volume": 29142, "typical_volume": 20497.0, "trend": 17.857602, "fair_value": 17.379183, "relative_strength": -0.156981, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.530378, "energy": 5.894234, "activity_lines": [ 17.881567, 17.840253, 17.998614, 17.984747 ] }, { "date": "2024-06-28", "close": 17.950235, "volume": 5716, "typical_volume": 20220.45, "trend": 17.909954, "fair_value": 17.376696, "relative_strength": -0.648439, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.59121, "energy": 7.864917, "activity_lines": [ 17.925265, 17.86545, 17.985103, 17.990723 ] }, { "date": "2024-07-05", "close": 17.988386, "volume": 22403, "typical_volume": 18653.3, "trend": 17.948005, "fair_value": 17.376454, "relative_strength": -1.132442, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.322238, "energy": 6.177518, "activity_lines": [ 17.962327, 17.892647, 17.975137, 17.995783 ] }, { "date": "2024-07-12", "close": 18.398516, "volume": 11176, "typical_volume": 18119.5, "trend": 17.981404, "fair_value": 17.376733, "relative_strength": -0.574306, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.881079, "energy": 27.11858, "activity_lines": [ 18.112332, 17.991335, 18.003871, 18.024848 ] }, { "date": "2024-07-19", "close": 18.436665, "volume": 12727, "typical_volume": 15781.2, "trend": 18.00264, "fair_value": 17.377419, "relative_strength": -0.526516, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.327165, "energy": 43.719899, "activity_lines": [ 18.249538, 18.085233, 18.034817, 18.05422 ] }, { "date": "2024-07-26", "close": 18.465279, "volume": 16719, "typical_volume": 15824.05, "trend": 18.02605, "fair_value": 17.378288, "relative_strength": 0.229804, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.788038, "energy": 57.756745, "activity_lines": [ 18.346374, 18.174809, 18.06733, 18.084068 ] }, { "date": "2024-08-02", "close": 18.579733, "volume": 15537, "typical_volume": 16389.15, "trend": 18.065449, "fair_value": 17.377407, "relative_strength": 0.529978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.032743, "energy": 65.501743, "activity_lines": [ 18.457013, 18.274128, 18.111592, 18.119789 ] }, { "date": "2024-08-09", "close": 18.169605, "volume": 20994, "typical_volume": 16798.9, "trend": 18.086182, "fair_value": 17.371789, "relative_strength": 0.387498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.341353, "energy": 50.352378, "activity_lines": [ 18.388976, 18.282155, 18.116248, 18.126509 ] }, { "date": "2024-08-16", "close": 18.799103, "volume": 68839, "typical_volume": 19775.2, "trend": 18.134142, "fair_value": 17.37053, "relative_strength": 1.331242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.645258, "energy": 57.036051, "activity_lines": [ 18.51869, 18.394859, 18.183156, 18.172504 ] }, { "date": "2024-08-23", "close": 18.627422, "volume": 28457, "typical_volume": 20749.9, "trend": 18.170136, "fair_value": 17.367577, "relative_strength": -0.240093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.005069, "energy": 38.468876, "activity_lines": [ 18.564472, 18.462107, 18.234175, 18.204328 ] }, { "date": "2024-08-30", "close": 18.427128, "volume": 16561, "typical_volume": 20696.15, "trend": 18.189466, "fair_value": 17.360585, "relative_strength": -2.098561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.023065, "energy": 31.465065, "activity_lines": [ 18.530772, 18.475857, 18.265747, 18.220908 ] }, { "date": "2024-09-06", "close": 18.198219, "volume": 110640, "typical_volume": 25262.0, "trend": 18.198356, "fair_value": 17.354232, "relative_strength": -2.328457, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.752514, "energy": 23.482374, "activity_lines": [ 18.423312, 18.442041, 18.275298, 18.221473 ] }, { "date": "2024-09-13", "close": 18.54158, "volume": 27341, "typical_volume": 25825.0, "trend": 18.219316, "fair_value": 17.350297, "relative_strength": -1.520523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.408576, "energy": 20.876196, "activity_lines": [ 18.45574, 18.466146, 18.315077, 18.243617 ] }, { "date": "2024-09-20", "close": 18.760952, "volume": 13625, "typical_volume": 25627.85, "trend": 18.241346, "fair_value": 17.34901, "relative_strength": -1.647058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.391625, "energy": 28.379565, "activity_lines": [ 18.536494, 18.520078, 18.372307, 18.278561 ] }, { "date": "2024-09-27", "close": 19.514441, "volume": 29024, "typical_volume": 26163.55, "trend": 18.285371, "fair_value": 17.353958, "relative_strength": 2.21954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.922394, "energy": 58.058274, "activity_lines": [ 18.870955, 18.704418, 18.496502, 18.360696 ] }, { "date": "2024-10-04", "close": 19.142466, "volume": 19246, "typical_volume": 26539.55, "trend": 18.302015, "fair_value": 17.35436, "relative_strength": 0.990125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.479272, "energy": 63.715024, "activity_lines": [ 19.022289, 18.801531, 18.577644, 18.415993 ] }, { "date": "2024-10-11", "close": 19.69566, "volume": 73051, "typical_volume": 29447.0, "trend": 18.343029, "fair_value": 17.355878, "relative_strength": 3.009234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.107886, "energy": 76.604237, "activity_lines": [ 19.310331, 18.986912, 18.705347, 18.505905 ] }, { "date": "2024-10-18", "close": 19.647972, "volume": 16368, "typical_volume": 28495.3, "trend": 18.376211, "fair_value": 17.355901, "relative_strength": 1.835168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.979607, "energy": 77.370043, "activity_lines": [ 19.482649, 19.143333, 18.818816, 18.590095 ] }, { "date": "2024-10-25", "close": 19.562132, "volume": 17208, "typical_volume": 28502.85, "trend": 18.398416, "fair_value": 17.357481, "relative_strength": 2.170104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.089723, "energy": 69.292539, "activity_lines": [ 19.552593, 19.257267, 18.914508, 18.666606 ] }, { "date": "2024-11-01", "close": 19.199694, "volume": 27907, "typical_volume": 29134.05, "trend": 18.420089, "fair_value": 17.356197, "relative_strength": 1.346782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.534256, "energy": 53.577465, "activity_lines": [ 19.448313, 19.29143, 18.968319, 18.718301 ] }, { "date": "2024-11-08", "close": 19.247383, "volume": 56391, "typical_volume": 30496.5, "trend": 18.44897, "fair_value": 17.356138, "relative_strength": -0.586691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.452848, "energy": 40.617067, "activity_lines": [ 19.380913, 19.323859, 19.019473, 18.771675 ] }, { "date": "2024-11-15", "close": 18.789566, "volume": 115263, "typical_volume": 35973.85, "trend": 18.485999, "fair_value": 17.351631, "relative_strength": -2.800125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.70655, "energy": 22.930108, "activity_lines": [ 19.153912, 19.258134, 19.021562, 18.793649 ] }, { "date": "2024-11-22", "close": 18.894482, "volume": 16717, "typical_volume": 35689.55, "trend": 18.521843, "fair_value": 17.353307, "relative_strength": -3.494105, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.239807, "energy": 22.457988, "activity_lines": [ 19.02229, 19.200734, 19.029647, 18.820003 ] }, { "date": "2024-11-29", "close": 19.12339, "volume": 4063189, "typical_volume": 238290.2, "trend": 18.567503, "fair_value": 17.358179, "relative_strength": -2.776639, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.577988, "energy": 20.581233, "activity_lines": [ 19.017202, 19.178537, 19.055217, 18.858812 ] }, { "date": "2024-12-06", "close": 19.304611, "volume": 38724, "typical_volume": 239590.05, "trend": 18.613898, "fair_value": 17.361728, "relative_strength": -1.637209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.030593, "energy": 20.474074, "activity_lines": [ 19.101772, 19.182699, 19.094595, 18.906368 ] }, { "date": "2024-12-13", "close": 18.770489, "volume": 35974, "typical_volume": 240552.8, "trend": 18.644361, "fair_value": 17.36061, "relative_strength": -2.858839, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.671087, "energy": 11.939482, "activity_lines": [ 19.001306, 19.093563, 19.078971, 18.91647 ] }, { "date": "2024-12-20", "close": 18.312674, "volume": 50701, "typical_volume": 242311.0, "trend": 18.666118, "fair_value": 17.354775, "relative_strength": -2.455099, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.52568, "energy": 13.621684, "activity_lines": [ 18.780028, 18.927951, 19.018292, 18.895071 ] }, { "date": "2024-12-27", "close": 18.789566, "volume": 16457, "typical_volume": 242084.15, "trend": 18.704708, "fair_value": 17.349026, "relative_strength": -2.221554, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.468797, "energy": 15.886909, "activity_lines": [ 18.749507, 18.874193, 19.004304, 18.903036 ] }, { "date": "2025-01-03", "close": 18.858778, "volume": 6416, "typical_volume": 238963.0, "trend": 18.732808, "fair_value": 17.347288, "relative_strength": -1.696654, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.393731, "energy": 18.213098, "activity_lines": [ 18.749051, 18.848625, 18.993954, 18.912976 ] }, { "date": "2025-01-10", "close": 18.606552, "volume": 16392, "typical_volume": 238359.75, "trend": 18.763424, "fair_value": 17.346294, "relative_strength": -3.443897, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.864134, "energy": 35.510151, "activity_lines": [ 18.68216, 18.789987, 18.959299, 18.90483 ] }, { "date": "2025-01-17", "close": 18.95579, "volume": 36042, "typical_volume": 239333.8, "trend": 18.791949, "fair_value": 17.349844, "relative_strength": -1.777113, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.829062, "energy": 10.01529, "activity_lines": [ 18.77822, 18.805631, 18.958004, 18.917241 ] }, { "date": "2025-01-24", "close": 19.188614, "volume": 26893, "typical_volume": 235146.45, "trend": 18.833228, "fair_value": 17.359661, "relative_strength": -1.702351, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.913512, "energy": 17.945453, "activity_lines": [ 18.939534, 18.868908, 18.976366, 18.942832 ] }, { "date": "2025-01-31", "close": 19.372932, "volume": 23604, "typical_volume": 234959.6, "trend": 18.87938, "fair_value": 17.366434, "relative_strength": -2.15497, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.952901, "energy": 28.650503, "activity_lines": [ 19.103891, 18.958442, 19.007565, 18.977652 ] }, { "date": "2025-02-07", "close": 19.334129, "volume": 45451, "typical_volume": 236550.9, "trend": 18.910567, "fair_value": 17.371367, "relative_strength": -2.051088, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.640109, "energy": 37.537748, "activity_lines": [ 19.216423, 19.032222, 19.03111, 19.00699 ] }, { "date": "2025-02-14", "close": 19.305025, "volume": 38348, "typical_volume": 237017.1, "trend": 18.939512, "fair_value": 17.375453, "relative_strength": -2.639348, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.134012, "energy": 46.907316, "activity_lines": [ 19.287564, 19.096878, 19.049154, 19.032439 ] }, { "date": "2025-02-21", "close": 19.411737, "volume": 24285, "typical_volume": 237269.05, "trend": 18.971061, "fair_value": 17.383683, "relative_strength": 0.985824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.770086, "energy": 56.505804, "activity_lines": [ 19.34771, 19.18093, 19.078357, 19.062905 ] }, { "date": "2025-02-28", "close": 18.819975, "volume": 67421, "typical_volume": 236987.55, "trend": 18.979069, "fair_value": 17.388613, "relative_strength": -0.571556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.87715, "energy": 18.785569, "activity_lines": [ 19.180206, 19.145729, 19.049921, 19.053158 ] }, { "date": "2025-03-07", "close": 18.528944, "volume": 74127, "typical_volume": 239875.5, "trend": 18.991047, "fair_value": 17.391896, "relative_strength": 0.689459, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.345564, "energy": 13.600584, "activity_lines": [ 18.940267, 19.04839, 18.997937, 19.024118 ] }, { "date": "2025-03-14", "close": 18.034191, "volume": 196026, "typical_volume": 248816.4, "trend": 18.96555, "fair_value": 17.389594, "relative_strength": 0.071615, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.695469, "energy": 58.039953, "activity_lines": [ 18.591677, 18.865834, 18.904163, 18.962385 ] }, { "date": "2025-03-21", "close": 18.422232, "volume": 47486, "typical_volume": 249795.35, "trend": 18.95871, "fair_value": 17.389284, "relative_strength": 0.465905, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.694737, "energy": 63.806015, "activity_lines": [ 18.459096, 18.768824, 18.85462, 18.927332 ] }, { "date": "2025-03-28", "close": 18.451336, "volume": 49511, "typical_volume": 249451.35, "trend": 18.959517, "fair_value": 17.38993, "relative_strength": 0.051808, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.179092, "energy": 68.189276, "activity_lines": [ 18.39507, 18.680456, 18.811552, 18.894598 ] }, { "date": "2025-04-04", "close": 17.461832, "volume": 11040, "typical_volume": 244240.2, "trend": 18.934971, "fair_value": 17.384452, "relative_strength": -1.344307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.362356, "energy": 83.06863, "activity_lines": [ 18.065235, 18.421351, 18.678036, 18.797974 ] }, { "date": "2025-04-11", "close": 17.704357, "volume": 370446, "typical_volume": 261926.65, "trend": 18.907063, "fair_value": 17.379925, "relative_strength": 0.341971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.284857, "energy": 71.658288, "activity_lines": [ 17.906785, 18.237737, 18.57394, 18.718579 ] }, { "date": "2025-04-18", "close": 18.111799, "volume": 21573, "typical_volume": 59845.85, "trend": 18.885425, "fair_value": 17.377241, "relative_strength": 0.401869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.60134, "energy": 58.584912, "activity_lines": [ 17.939122, 18.158541, 18.514315, 18.667272 ] }, { "date": "2025-04-25", "close": 18.218512, "volume": 22958, "typical_volume": 59057.55, "trend": 18.842227, "fair_value": 17.376285, "relative_strength": -0.842063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.291791, "energy": 48.290508, "activity_lines": [ 18.001855, 18.120972, 18.469671, 18.624245 ] }, { "date": "2025-05-02", "close": 18.810272, "volume": 151510, "typical_volume": 64834.35, "trend": 18.831154, "fair_value": 17.383897, "relative_strength": -0.9381, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.293957, "energy": 21.602458, "activity_lines": [ 18.275423, 18.21075, 18.486557, 18.622184 ] }, { "date": "2025-05-09", "close": 19.421438, "volume": 89123, "typical_volume": 66755.45, "trend": 18.822013, "fair_value": 17.398665, "relative_strength": 2.324158, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.265923, "energy": 15.57513, "activity_lines": [ 18.728785, 18.422585, 18.561459, 18.660266 ] }, { "date": "2025-05-16", "close": 19.217716, "volume": 258106, "typical_volume": 78837.9, "trend": 18.807672, "fair_value": 17.411414, "relative_strength": -0.129498, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 13.964015, "energy": 26.541745, "activity_lines": [ 18.983598, 18.586444, 18.61168, 18.685796 ] }, { "date": "2025-05-23", "close": 19.372932, "volume": 29750, "typical_volume": 80004.6, "trend": 18.801365, "fair_value": 17.426585, "relative_strength": 0.443397, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.604075, "energy": 36.34342, "activity_lines": [ 19.18926, 18.766001, 18.674644, 18.722264 ] }, { "date": "2025-05-30", "close": 19.576654, "volume": 26653, "typical_volume": 80517.65, "trend": 18.81393, "fair_value": 17.441251, "relative_strength": 0.585052, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.053068, "energy": 54.190871, "activity_lines": [ 19.378753, 18.958258, 18.754562, 18.772283 ] }, { "date": "2025-06-06", "close": 19.392334, "volume": 17224, "typical_volume": 79576.75, "trend": 18.818762, "fair_value": 17.461542, "relative_strength": -1.29752, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.68607, "energy": 55.122839, "activity_lines": [ 19.416263, 19.096012, 18.812306, 18.809599 ] }, { "date": "2025-06-13", "close": 19.411737, "volume": 16443, "typical_volume": 79054.25, "trend": 18.839501, "fair_value": 17.489806, "relative_strength": -1.549721, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.525976, "energy": 61.266591, "activity_lines": [ 19.421438, 19.220185, 18.869819, 18.847855 ] }, { "date": "2025-06-20", "close": 19.15951, "volume": 131515, "typical_volume": 84449.8, "trend": 18.848335, "fair_value": 17.514039, "relative_strength": -2.293957, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.606965, "energy": 42.137059, "activity_lines": [ 19.343183, 19.263046, 18.902248, 18.868501 ] }, { "date": "2025-06-27", "close": 19.16921, "volume": 22831, "typical_volume": 83318.8, "trend": 18.849863, "fair_value": 17.535731, "relative_strength": -2.29589, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.270298, "energy": 29.146902, "activity_lines": [ 19.272042, 19.281213, 18.936617, 18.889203 ] }, { "date": "2025-07-04", "close": 19.345421, "volume": 21645, "typical_volume": 82483.65, "trend": 18.851223, "fair_value": 17.555402, "relative_strength": -2.374016, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.414517, "energy": 28.678794, "activity_lines": [ 19.273219, 19.312193, 18.988554, 18.921174 ] }, { "date": "2025-07-11", "close": 19.444019, "volume": 43740, "typical_volume": 83456.4, "trend": 18.873674, "fair_value": 17.577927, "relative_strength": -1.577246, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.156382, "energy": 32.302889, "activity_lines": [ 19.322678, 19.340611, 19.049688, 18.959419 ] }, { "date": "2025-07-18", "close": 19.986322, "volume": 32220, "typical_volume": 81696.35, "trend": 18.929462, "fair_value": 17.598276, "relative_strength": -0.852875, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.274185, "energy": 68.721323, "activity_lines": [ 19.549459, 19.456106, 19.162317, 19.031203 ] }, { "date": "2025-07-25", "close": 20.094782, "volume": 38661, "typical_volume": 79923.05, "trend": 18.972969, "fair_value": 17.617183, "relative_strength": 0.734322, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.691947, "energy": 79.954184, "activity_lines": [ 19.774087, 19.581051, 19.279721, 19.106385 ] }, { "date": "2025-08-01", "close": 20.134224, "volume": 80742, "typical_volume": 74158.85, "trend": 19.015484, "fair_value": 17.635442, "relative_strength": 1.001501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.900748, "energy": 85.09352, "activity_lines": [ 19.949512, 19.697221, 19.393425, 19.181304 ] }, { "date": "2025-08-08", "close": 21.130089, "volume": 68662, "typical_volume": 75217.65, "trend": 19.099602, "fair_value": 17.660254, "relative_strength": 4.195896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.735457, "energy": 97.293948, "activity_lines": [ 20.392557, 19.980615, 19.591974, 19.317731 ] }, { "date": "2025-08-15", "close": 21.376591, "volume": 60890, "typical_volume": 75786.6, "trend": 19.180296, "fair_value": 17.686196, "relative_strength": 3.831989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.79706, "energy": 97.290793, "activity_lines": [ 20.798791, 20.280583, 19.801104, 19.464633 ] }, { "date": "2025-08-22", "close": 21.50477, "volume": 42147, "typical_volume": 77341.95, "trend": 19.257501, "fair_value": 17.714029, "relative_strength": 4.05255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.782814, "energy": 95.783358, "activity_lines": [ 21.118914, 20.567779, 20.008512, 19.614599 ] }, { "date": "2025-08-29", "close": 22.037214, "volume": 84120, "typical_volume": 63025.65, "trend": 19.34631, "fair_value": 17.749155, "relative_strength": 6.402452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.854757, "energy": 96.970489, "activity_lines": [ 21.515288, 20.913729, 20.247376, 19.793936 ] }, { "date": "2025-09-05", "close": 22.224556, "volume": 90794, "typical_volume": 66486.7, "trend": 19.442658, "fair_value": 17.784246, "relative_strength": 8.328137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.537037, "energy": 95.41911, "activity_lines": [ 21.844614, 21.241418, 20.483451, 19.979629 ] }, { "date": "2025-09-12", "close": 22.392174, "volume": 100519, "typical_volume": 70364.75, "trend": 19.545563, "fair_value": 17.822435, "relative_strength": 9.008043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.370368, "energy": 93.712005, "activity_lines": [ 22.090458, 21.544032, 20.715904, 20.16992 ] }, { "date": "2025-09-19", "close": 22.382317, "volume": 59191, "typical_volume": 65748.8, "trend": 19.644582, "fair_value": 17.866186, "relative_strength": 9.852805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.578501, "energy": 85.873914, "activity_lines": [ 22.248876, 21.789458, 20.927544, 20.352937 ] }, { "date": "2025-09-26", "close": 22.244274, "volume": 91627, "typical_volume": 65874.0, "trend": 19.758725, "fair_value": 17.911583, "relative_strength": 8.859126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.26658, "energy": 68.123524, "activity_lines": [ 22.294232, 21.956361, 21.109027, 20.520659 ] }, { "date": "2025-10-03", "close": 22.835876, "volume": 72629, "typical_volume": 56600.15, "trend": 19.90229, "fair_value": 17.956104, "relative_strength": 9.097795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.913816, "energy": 72.834247, "activity_lines": [ 22.487489, 22.189775, 21.333411, 20.719185 ] }, { "date": "2025-10-10", "close": 22.697838, "volume": 78195, "typical_volume": 59022.4, "trend": 20.057745, "fair_value": 18.002384, "relative_strength": 8.668501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.023203, "energy": 68.717395, "activity_lines": [ 22.581488, 22.348253, 21.527419, 20.899542 ] }, { "date": "2025-10-17", "close": 23.21056, "volume": 424681, "typical_volume": 78923.8, "trend": 20.217356, "fair_value": 18.053919, "relative_strength": 10.476361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.295506, "energy": 72.175133, "activity_lines": [ 22.814843, 22.553342, 21.754425, 21.10295 ] }, { "date": "2025-10-24", "close": 23.072517, "volume": 28644, "typical_volume": 79494.8, "trend": 20.371395, "fair_value": 18.101026, "relative_strength": 9.37235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.92371, "energy": 68.594425, "activity_lines": [ 22.947624, 22.695506, 21.95098, 21.287154 ] }, { "date": "2025-10-31", "close": 22.924618, "volume": 31389, "typical_volume": 80242.1, "trend": 20.553488, "fair_value": 18.144597, "relative_strength": 10.152879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.688587, "energy": 64.976497, "activity_lines": [ 22.985093, 22.779944, 22.115925, 21.451878 ] }, { "date": "2025-11-07", "close": 22.254133, "volume": 73850, "typical_volume": 77358.85, "trend": 20.705147, "fair_value": 18.178752, "relative_strength": 8.106495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.009459, "energy": 60.341199, "activity_lines": [ 22.75371, 22.71666, 22.200286, 21.561597 ] }, { "date": "2025-11-14", "close": 22.471056, "volume": 37878, "typical_volume": 78111.2, "trend": 20.850456, "fair_value": 18.215703, "relative_strength": 10.566399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.717292, "energy": 45.304142, "activity_lines": [ 22.633417, 22.688873, 22.29057, 21.675527 ] }, { "date": "2025-11-21", "close": 21.761131, "volume": 54920, "typical_volume": 79774.95, "trend": 20.968543, "fair_value": 18.247485, "relative_strength": 9.547239, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.832491, "energy": 25.023574, "activity_lines": [ 22.291602, 22.527526, 22.297519, 21.73428 ] }, { "date": "2025-11-28", "close": 23.052797, "volume": 73575, "typical_volume": 81266.7, "trend": 21.10996, "fair_value": 18.287041, "relative_strength": 13.010588, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.321398, "energy": 28.771323, "activity_lines": [ 22.476971, 22.612502, 22.41598, 21.868748 ] }, { "date": "2025-12-05", "close": 22.668257, "volume": 28890, "typical_volume": 81100.2, "trend": 21.218188, "fair_value": 18.326438, "relative_strength": 10.562821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.515714, "energy": 26.798026, "activity_lines": [ 22.535474, 22.61537, 22.480634, 21.969283 ] }, { "date": "2025-12-12", "close": 22.707697, "volume": 51748, "typical_volume": 81754.55, "trend": 21.33452, "fair_value": 18.365525, "relative_strength": 9.647438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.09239, "energy": 31.458977, "activity_lines": [ 22.624215, 22.617701, 22.536273, 22.065381 ] }, { "date": "2025-12-19", "close": 22.914757, "volume": 68374, "typical_volume": 81136.15, "trend": 21.452581, "fair_value": 18.407233, "relative_strength": 11.272833, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.646109, "energy": 41.587237, "activity_lines": [ 22.751738, 22.66001, 22.599189, 22.167331 ] }, { "date": "2025-12-26", "close": 23.427481, "volume": 24758, "typical_volume": 78940.95, "trend": 21.580942, "fair_value": 18.451834, "relative_strength": 11.569509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.502324, "energy": 48.052698, "activity_lines": [ 23.020589, 22.791597, 22.697696, 22.294744 ] }, { "date": "2026-01-02", "close": 23.469999, "volume": 14327, "typical_volume": 76612.8, "trend": 21.716864, "fair_value": 18.494754, "relative_strength": 11.856882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.968642, "energy": 58.904006, "activity_lines": [ 23.192523, 22.92697, 22.789312, 22.416619 ] }, { "date": "2026-01-09", "close": 23.709999, "volume": 21194, "typical_volume": 75565.15, "trend": 21.86014, "fair_value": 18.536281, "relative_strength": 12.700867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.370819, "energy": 70.32487, "activity_lines": [ 23.416643, 23.098753, 22.893816, 22.545208 ] }, { "date": "2026-01-16", "close": 24.110001, "volume": 15769, "typical_volume": 72147.6, "trend": 22.025156, "fair_value": 18.580142, "relative_strength": 11.826532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.785206, "energy": 80.379644, "activity_lines": [ 23.704648, 23.328984, 23.025915, 22.690361 ] }, { "date": "2026-01-23", "close": 24.450001, "volume": 15411, "typical_volume": 68378.45, "trend": 22.201182, "fair_value": 18.625205, "relative_strength": 13.533476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.288526, "energy": 85.085149, "activity_lines": [ 24.012499, 23.58729, 23.180525, 22.846802 ] }, { "date": "2026-01-30", "close": 23.59, "volume": 15749, "typical_volume": 64139.95, "trend": 22.342668, "fair_value": 18.663664, "relative_strength": 9.092929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.5278, "energy": 68.420873, "activity_lines": [ 23.931334, 23.653252, 23.242632, 22.936403 ] }, { "date": "2026-02-06", "close": 21.790001, "volume": 34309, "typical_volume": 62895.85, "trend": 22.420868, "fair_value": 18.69639, "relative_strength": 2.437326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.537693, "energy": 17.606974, "activity_lines": [ 23.239334, 23.358688, 23.127607, 22.900747 ] }, { "date": "2026-02-13", "close": 21.940001, "volume": 25461, "typical_volume": 59587.55, "trend": 22.48599, "fair_value": 18.729272, "relative_strength": 0.566005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 2.915703, "energy": 15.159791, "activity_lines": [ 22.709334, 23.114358, 23.029688, 22.869724 ] }, { "date": "2026-02-20", "close": 22.440001, "volume": 19012, "typical_volume": 56906.7, "trend": 22.564164, "fair_value": 18.765704, "relative_strength": 0.898586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -15.559077, "energy": 29.723604, "activity_lines": [ 22.464001, 22.974177, 22.980837, 22.866757 ] }, { "date": "2026-02-27", "close": 23.209999, "volume": 21334, "typical_volume": 54063.65, "trend": 22.66669, "fair_value": 18.808796, "relative_strength": 2.853163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -7.73394, "energy": 25.986519, "activity_lines": [ 22.586667, 22.978864, 23.007204, 22.908423 ] }, { "date": "2026-03-06", "close": 22.08, "volume": 21964, "typical_volume": 33927.8, "trend": 22.698354, "fair_value": 18.845276, "relative_strength": 1.558196, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -26.465884, "energy": 28.686793, "activity_lines": [ 22.415333, 22.772728, 22.923514, 22.870572 ] }, { "date": "2026-03-13", "close": 20.790001, "volume": 33770, "typical_volume": 34184.1, "trend": 22.678801, "fair_value": 18.877338, "relative_strength": -1.854538, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.777814, "energy": 57.092408, "activity_lines": [ 21.914667, 22.356546, 22.72235, 22.747453 ] }, { "date": "2026-03-20", "close": 19.870001, "volume": 17747, "typical_volume": 33502.0, "trend": 22.624309, "fair_value": 18.904997, "relative_strength": -4.123647, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -87.779349, "energy": 82.82339, "activity_lines": [ 21.174001, 21.821819, 22.444436, 22.56624 ] }, { "date": "2026-03-27", "close": 19.43, "volume": 26524, "typical_volume": 31135.7, "trend": 22.537401, "fair_value": 18.926789, "relative_strength": -7.192533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.771712, "energy": 91.82695, "activity_lines": [ 20.424667, 21.27691, 22.139163, 22.360155 ] }, { "date": "2026-04-03", "close": 19.67, "volume": 13001, "typical_volume": 29891.85, "trend": 22.45225, "fair_value": 18.949775, "relative_strength": -6.749495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.152509, "energy": 88.940427, "activity_lines": [ 19.956, 20.860728, 21.870195, 22.175162 ] }, { "date": "2026-04-10", "close": 20.52, "volume": 35220, "typical_volume": 28906.85, "trend": 22.389844, "fair_value": 18.974991, "relative_strength": -6.838785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.34666, "energy": 79.596529, "activity_lines": [ 20.006667, 20.686, 21.695519, 22.050501 ] }, { "date": "2026-04-17", "close": 20.950001, "volume": 45252, "typical_volume": 27490.7, "trend": 22.3421, "fair_value": 19.003309, "relative_strength": -4.759743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.909425, "energy": 50.841645, "activity_lines": [ 20.304667, 20.645273, 21.567704, 21.957608 ] }, { "date": "2026-04-24", "close": 20.719999, "volume": 36836, "typical_volume": 27888.0, "trend": 22.291291, "fair_value": 19.02975, "relative_strength": -4.139601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.068085, "energy": 38.924823, "activity_lines": [ 20.515333, 20.578, 21.427999, 21.852956 ] }, { "date": "2026-05-01", "close": 19.880438, "volume": 15374, "typical_volume": 26069.3, "trend": 22.192776, "fair_value": 19.050464, "relative_strength": -7.42204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.683782, "energy": 33.889086, "activity_lines": [ 20.389479, 20.380262, 21.217612, 21.697417 ] }, { "date": "2026-05-08", "close": 20.403608, "volume": 35075, "typical_volume": 24404.35, "trend": 22.116302, "fair_value": 19.073555, "relative_strength": -5.12502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.200738, "energy": 30.093427, "activity_lines": [ 20.407986, 20.324182, 21.070514, 21.581987 ] }, { "date": "2026-05-15", "close": 20.32464, "volume": 21371, "typical_volume": 24235.0, "trend": 22.020104, "fair_value": 19.097231, "relative_strength": -4.286926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.608259, "energy": 31.847599, "activity_lines": [ 20.351263, 20.304771, 20.927854, 21.466396 ] }, { "date": "2026-05-22", "close": 19.791597, "volume": 47746, "typical_volume": 25905.95, "trend": 21.91074, "fair_value": 19.120767, "relative_strength": -7.056775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.756122, "energy": 41.099652, "activity_lines": [ 20.129883, 20.220357, 20.749202, 21.322621 ] }, { "date": "2026-05-29", "close": 20.601032, "volume": 45412, "typical_volume": 27116.85, "trend": 21.833288, "fair_value": 19.149319, "relative_strength": -4.112011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.834689, "energy": 32.338725, "activity_lines": [ 20.255541, 20.301267, 20.665157, 21.238124 ] }, { "date": "2026-06-05", "close": 20.403608, "volume": 7343, "typical_volume": 26695.55, "trend": 21.771603, "fair_value": 19.177524, "relative_strength": -3.923523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.509523, "energy": 30.416365, "activity_lines": [ 20.323323, 20.33299, 20.577113, 21.145886 ] }, { "date": "2026-06-12", "close": 20.581289, "volume": 2442, "typical_volume": 26047.1, "trend": 21.708611, "fair_value": 19.205317, "relative_strength": -5.105567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.055007, "energy": 23.594345, "activity_lines": [ 20.415454, 20.379317, 20.523641, 21.069092 ] }, { "date": "2026-06-19", "close": 21.262398, "volume": 3338, "typical_volume": 25426.55, "trend": 21.691987, "fair_value": 19.240063, "relative_strength": -2.358139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.212789, "energy": 15.670254, "activity_lines": [ 20.722775, 20.532913, 20.553459, 21.040304 ] }, { "date": "2026-06-26", "close": 20.492449, "volume": 6907, "typical_volume": 24056.45, "trend": 21.606642, "fair_value": 19.266309, "relative_strength": -5.265434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.174069, "energy": 13.21811, "activity_lines": [ 20.71093, 20.53302, 20.521032, 20.962914 ] }, { "date": "2026-07-03", "close": 20.65, "volume": 15699, "typical_volume": 23568.35, "trend": 21.539367, "fair_value": 19.29474, "relative_strength": -5.466178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.122367, "energy": 12.426376, "activity_lines": [ 20.704878, 20.570091, 20.509789, 20.901195 ] }, { "date": "2026-07-10", "close": 20.690001, "volume": 51595, "typical_volume": 25197.5, "trend": 21.47211, "fair_value": 19.316616, "relative_strength": -4.931729, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.018175, "energy": 12.450831, "activity_lines": [ 20.708896, 20.615709, 20.508498, 20.846398 ] }, { "date": "2026-07-17", "close": 20.379999, "volume": 47205, "typical_volume": 26491.05, "trend": 21.387618, "fair_value": 19.339088, "relative_strength": -6.282317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.971182, "energy": 16.915082, "activity_lines": [ 20.590486, 20.590242, 20.486017, 20.775939 ] }, { "date": "2026-07-24", "close": 20.16, "volume": 36842, "typical_volume": 27234.95, "trend": 21.278702, "fair_value": 19.359445, "relative_strength": -7.021348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.211912, "energy": 25.840741, "activity_lines": [ 20.412163, 20.525206, 20.456059, 20.696738 ] }, { "date": "2026-07-31", "close": 20.48, "volume": 31862, "typical_volume": 27139.55, "trend": 21.179035, "fair_value": 19.383321, "relative_strength": -7.666373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.308525, "energy": 24.162741, "activity_lines": [ 20.414, 20.521345, 20.465721, 20.645209 ] }, { "date": "2026-08-07", "close": 21.879999, "volume": 43358, "typical_volume": 28420.1, "trend": 21.118035, "fair_value": 19.414528, "relative_strength": -4.380817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.617979, "energy": 10.644617, "activity_lines": [ 20.883333, 20.759512, 20.610192, 20.690432 ] } ], "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." } } }