{ "ticker": { "uuid": "4d069202-711c-43c8-b2d9-22f72a515a40", "symbol": "GLOW", "name": "VICTORYSHARES WESTEND GLOBAL EQUITY ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.678, "architecture_energy": 56.956, "architecture_maturity": 61.581, "architecture_confidence": 74.134, "architecture_tenure": "Established", "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": 20.69, "rotation_up": 53.68, "upward_expansion": 81.95, "deceleration": 64.91, "rotation_down": 27.8, "downward_expansion": 8.62 }, "activity_lines": [ 34.49136, 34.358677, 33.937734, 33.321044 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 35.2701, "trend_reference": 32.645441, "distance_from_trend": 0.080399, "trend_direction": "Improving", "fair_value": 28.513049, "distance_from_fair_value": 0.236981, "fair_value_direction": "Improving", "relative_strength": -2.012979, "relative_strength_direction": "Improving", "price_momentum": 0.105347, "excess_performance": -0.082106, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080399, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038317, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.236981, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034848, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.02013, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.050177, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.105347, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.258528, "read": "Demand-led" } ], "volume": { "latest": 68351, "relative_activity": 1.359488, "balance": 2.258528, "dry_up": 1.048337, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.021004, "annualized_volatility": 0.144243, "from_high_reference": 0.0, "from_low_reference": 0.246731 }, "levels": { "trend_reference": 32.645441, "fair_value_reference": 28.513049, "structural_low": 29.24426, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.005778, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.02249, "regime_survival": 0.833333, "best_return": 0.04728, "worst_return": -0.074119, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.005812, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.031934, "regime_survival": 0.5, "best_return": 0.044521, "worst_return": -0.056145, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.093214, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.04064, "regime_survival": 1.0, "best_return": 0.093214, "worst_return": 0.093214, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-13", "tenure": "Developing", "return": -0.023838, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.013011, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.068733, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.078781, "active": true } ], "chart_path": [ { "date": "2024-06-21", "close": 24.319261, "volume": 4, "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": 24.364546, "volume": 6, "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": 24.790613, "volume": 0, "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": 25.12694, "volume": 5802, "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": 24.59798, "volume": 2820, "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": 24.475341, "volume": 26952, "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": 23.959866, "volume": 19428, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 24.008042, "volume": 1162, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 24.916646, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 25.434271, "volume": 12, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 25.480004, "volume": 15, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 24.552442, "volume": 856, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 25.339091, "volume": 4177, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 25.617301, "volume": 43, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 25.927759, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 25.83854, "volume": 337, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 25.925462, "volume": 104, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 26.033709, "volume": 16321, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 25.548115, "volume": 10643, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 25.341417, "volume": 2388, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 26.135197, "volume": 226625, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 25.534988, "volume": 43126, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 25.976206, "volume": 6366, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 26.306531, "volume": 26598, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 26.482568, "volume": 14702, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 26.173669, "volume": 10885, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 25.50746, "volume": 2074, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 25.726377, "volume": 19, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 25.603027, "volume": 341, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 25.080363, "volume": 208, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 25.769703, "volume": 125, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 26.341772, "volume": 7212, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 26.322062, "volume": 4408, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 26.399028, "volume": 3163, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 26.778929, "volume": 4541, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 26.473826, "volume": 1675, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 26.322062, "volume": 46108, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 26.02642, "volume": 50838, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 25.504117, "volume": 2287, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 25.691358, "volume": 3733, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 25.307022, "volume": 686, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 23.138975, "volume": 5867, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 24.311726, "volume": 24249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 24.307184, "volume": 25302, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 25.319057, "volume": 2138, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 25.993212, "volume": 236901, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 25.881922, "volume": 1533, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 26.810057, "volume": 1743, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 26.365789, "volume": 3744, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 26.767299, "volume": 23123, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 27.142247, "volume": 15474, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 27.027402, "volume": 3084, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 26.890044, "volume": 908, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 27.817389, "volume": 2218, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 28.197174, "volume": 32823, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 27.904572, "volume": 2356, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 28.053119, "volume": 233, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 28.513029, "volume": 19451, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 27.760485, "volume": 9383, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 28.351996, "volume": 4363, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 28.762952, "volume": 5034, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 28.906841, "volume": 19686, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 28.71925, "volume": 7966, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 28.889301, "volume": 4122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 29.468325, "volume": 1462, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 29.779193, "volume": 73483, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 29.63798, "volume": 19275, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 30.150312, "volume": 14395, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 29.342557, "volume": 75509, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 30.019678, "volume": 157494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 30.471754, "volume": 145662, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 30.457962, "volume": 155773, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 30.055102, "volume": 62251, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 30.121485, "volume": 100438, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 29.547856, "volume": 203275, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 30.502911, "volume": 58462, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 30.643714, "volume": 27516, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 30.641481, "volume": 95519, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 30.70363, "volume": 35471, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 31.124311, "volume": 65682, "typical_volume": 66423.75, "trend": 29.186802, "fair_value": 26.894491, "relative_strength": -2.078427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.351357, "energy": 71.512398, "activity_lines": [ 30.810057, 30.545624, 30.237942, 29.825429 ] }, { "date": "2026-01-02", "close": 30.98173, "volume": 21117, "typical_volume": 67227.9, "trend": 29.314784, "fair_value": 26.944951, "relative_strength": -0.848951, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.488253, "energy": 66.078466, "activity_lines": [ 30.896231, 30.64648, 30.341218, 29.94123 ] }, { "date": "2026-01-09", "close": 31.557224, "volume": 67666, "typical_volume": 69626.9, "trend": 29.465779, "fair_value": 27.001198, "relative_strength": -1.212369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.045878, "energy": 79.105812, "activity_lines": [ 31.142314, 30.842699, 30.488738, 30.085904 ] }, { "date": "2026-01-16", "close": 31.522255, "volume": 84083, "typical_volume": 73432.75, "trend": 29.620186, "fair_value": 27.055669, "relative_strength": -0.506989, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.409269, "energy": 83.297259, "activity_lines": [ 31.315841, 31.012574, 30.620306, 30.21858 ] }, { "date": "2026-01-23", "close": 31.591294, "volume": 79625, "typical_volume": 77207.9, "trend": 29.745982, "fair_value": 27.109664, "relative_strength": -0.550819, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.267655, "energy": 78.942213, "activity_lines": [ 31.453662, 31.168325, 30.745102, 30.345748 ] }, { "date": "2026-01-30", "close": 31.649243, "volume": 18912, "typical_volume": 78080.4, "trend": 29.861051, "fair_value": 27.163071, "relative_strength": -0.241374, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.710974, "energy": 77.428376, "activity_lines": [ 31.551622, 31.307889, 30.86255, 30.468539 ] }, { "date": "2026-02-06", "close": 31.908615, "volume": 126749, "typical_volume": 80743.7, "trend": 29.99452, "fair_value": 27.218252, "relative_strength": 2.530223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.282228, "energy": 74.096811, "activity_lines": [ 31.701044, 31.456405, 30.994315, 30.60064 ] }, { "date": "2026-02-13", "close": 31.87924, "volume": 51792, "typical_volume": 82369.55, "trend": 30.122057, "fair_value": 27.271826, "relative_strength": 3.636089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.260912, "energy": 61.951257, "activity_lines": [ 31.778882, 31.574021, 31.113142, 30.722235 ] }, { "date": "2026-02-20", "close": 32.146805, "volume": 76748, "typical_volume": 85487.2, "trend": 30.243183, "fair_value": 27.327224, "relative_strength": 3.236669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.274654, "energy": 68.907766, "activity_lines": [ 31.924441, 31.717822, 31.246779, 30.852864 ] }, { "date": "2026-02-27", "close": 32.218142, "volume": 68212, "typical_volume": 85122.35, "trend": 30.391771, "fair_value": 27.382178, "relative_strength": 3.685945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.697443, "energy": 76.077223, "activity_lines": [ 32.052142, 31.847223, 31.377703, 30.98028 ] }, { "date": "2026-03-06", "close": 30.911992, "volume": 50658, "typical_volume": 79780.55, "trend": 30.477104, "fair_value": 27.421398, "relative_strength": 0.795462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.551661, "energy": 39.109291, "activity_lines": [ 31.702669, 31.711606, 31.370538, 31.013843 ] }, { "date": "2026-03-13", "close": 30.382358, "volume": 33248, "typical_volume": 74159.85, "trend": 30.531085, "fair_value": 27.453936, "relative_strength": 0.15996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.002497, "energy": 13.62642, "activity_lines": [ 31.225802, 31.483552, 31.308683, 31.00773 ] }, { "date": "2026-03-20", "close": 29.764102, "volume": 36916, "typical_volume": 68217.0, "trend": 30.55966, "fair_value": 27.479047, "relative_strength": 0.184015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.859152, "energy": 29.914168, "activity_lines": [ 30.6446, 31.153986, 31.188372, 30.958248 ] }, { "date": "2026-03-27", "close": 29.376843, "volume": 67221, "typical_volume": 68465.5, "trend": 30.58158, "fair_value": 27.499453, "relative_strength": 2.254283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.021366, "energy": 48.924817, "activity_lines": [ 30.075322, 30.786611, 31.034483, 30.881937 ] }, { "date": "2026-04-03", "close": 30.387653, "volume": 51249, "typical_volume": 66006.05, "trend": 30.631525, "fair_value": 27.530179, "relative_strength": 1.839849, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.46887, "energy": 40.093641, "activity_lines": [ 30.027643, 30.642028, 30.980092, 30.869425 ] }, { "date": "2026-04-10", "close": 31.4214, "volume": 34062, "typical_volume": 57545.4, "trend": 30.696627, "fair_value": 27.571139, "relative_strength": 0.897267, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.811467, "energy": 23.426214, "activity_lines": [ 30.44658, 30.707282, 31.022885, 30.920385 ] }, { "date": "2026-04-17", "close": 32.7009, "volume": 49923, "typical_volume": 57118.45, "trend": 30.794018, "fair_value": 27.624574, "relative_strength": -0.936326, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 53.456542, "energy": 25.402427, "activity_lines": [ 31.258056, 31.009316, 31.178614, 31.049693 ] }, { "date": "2026-04-24", "close": 32.4763, "volume": 13515, "typical_volume": 56418.4, "trend": 30.888628, "fair_value": 27.674592, "relative_strength": -3.560815, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 57.588195, "energy": 44.391611, "activity_lines": [ 31.840097, 31.256108, 31.302486, 31.158227 ] }, { "date": "2026-05-01", "close": 32.6944, "volume": 13797, "typical_volume": 52332.3, "trend": 30.973431, "fair_value": 27.725814, "relative_strength": -4.215204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.473191, "energy": 54.816256, "activity_lines": [ 32.314024, 31.531699, 31.438403, 31.274729 ] }, { "date": "2026-05-08", "close": 33.399, "volume": 116752, "typical_volume": 56396.35, "trend": 31.108646, "fair_value": 27.783119, "relative_strength": -7.030669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.12921, "energy": 80.164874, "activity_lines": [ 32.801647, 31.925443, 31.631648, 31.431217 ] }, { "date": "2026-05-15", "close": 33.0191, "volume": 37207, "typical_volume": 54972.6, "trend": 31.208627, "fair_value": 27.835479, "relative_strength": -7.613303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.292585, "energy": 76.982821, "activity_lines": [ 32.96188, 32.228644, 31.775878, 31.554472 ] }, { "date": "2026-05-22", "close": 33.6525, "volume": 61097, "typical_volume": 56971.6, "trend": 31.314652, "fair_value": 27.893073, "relative_strength": -6.790777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.113702, "energy": 79.217731, "activity_lines": [ 33.226733, 32.608697, 31.971408, 31.712141 ] }, { "date": "2026-05-29", "close": 34.2402, "volume": 26520, "typical_volume": 54914.3, "trend": 31.440726, "fair_value": 27.9553, "relative_strength": -7.641093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.70862, "energy": 81.691864, "activity_lines": [ 33.624047, 33.036148, 32.210192, 31.900886 ] }, { "date": "2026-06-05", "close": 33.282873, "volume": 44090, "typical_volume": 52914.65, "trend": 31.548319, "fair_value": 28.007024, "relative_strength": -5.838013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.916263, "energy": 64.755686, "activity_lines": [ 33.584658, 33.208156, 32.345026, 32.019735 ] }, { "date": "2026-06-12", "close": 33.991676, "volume": 57269, "typical_volume": 51796.85, "trend": 31.677325, "fair_value": 28.064569, "relative_strength": -5.845796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.061985, "energy": 65.462783, "activity_lines": [ 33.742305, 33.438018, 32.538981, 32.177371 ] }, { "date": "2026-06-19", "close": 34.307784, "volume": 41330, "typical_volume": 52917.75, "trend": 31.835989, "fair_value": 28.124028, "relative_strength": -7.269208, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.905775, "energy": 70.460259, "activity_lines": [ 33.96581, 33.659827, 32.751611, 32.347078 ] }, { "date": "2026-06-26", "close": 34.025538, "volume": 10921, "typical_volume": 47126.35, "trend": 31.95341, "fair_value": 28.179703, "relative_strength": -3.596348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.423088, "energy": 55.758575, "activity_lines": [ 34.00932, 33.777839, 32.924701, 32.488339 ] }, { "date": "2026-07-03", "close": 34.446716, "volume": 96658, "typical_volume": 49369.65, "trend": 32.080177, "fair_value": 28.238273, "relative_strength": -3.140978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.786804, "energy": 68.511273, "activity_lines": [ 34.168354, 33.948344, 33.127823, 32.649197 ] }, { "date": "2026-07-10", "close": 34.5807, "volume": 73100, "typical_volume": 49187.25, "trend": 32.211484, "fair_value": 28.296999, "relative_strength": -4.38865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.916751, "energy": 73.907174, "activity_lines": [ 34.358281, 34.107385, 33.331478, 32.810521 ] }, { "date": "2026-07-17", "close": 34.0573, "volume": 80416, "typical_volume": 49797.45, "trend": 32.323273, "fair_value": 28.349846, "relative_strength": -1.703704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.326786, "energy": 61.166991, "activity_lines": [ 34.287221, 34.136965, 33.473697, 32.929606 ] }, { "date": "2026-07-24", "close": 33.9082, "volume": 29611, "typical_volume": 48745.1, "trend": 32.416069, "fair_value": 28.400376, "relative_strength": -0.509062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.394523, "energy": 50.741034, "activity_lines": [ 34.162085, 34.127467, 33.592957, 33.03186 ] }, { "date": "2026-07-31", "close": 34.15, "volume": 32451, "typical_volume": 48705.25, "trend": 32.521678, "fair_value": 28.452175, "relative_strength": -0.321521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.384671, "energy": 42.254179, "activity_lines": [ 34.144188, 34.145767, 33.720978, 33.143726 ] }, { "date": "2026-08-07", "close": 35.2701, "volume": 68351, "typical_volume": 50277.0, "trend": 32.645441, "fair_value": 28.513049, "relative_strength": -2.012979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.678043, "energy": 56.95591, "activity_lines": [ 34.49136, 34.358677, 33.937734, 33.321044 ] } ], "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." } } }