{ "ticker": { "uuid": "4d77f752-daac-42ae-9f45-c0f9c663c696", "symbol": "MDIV", "name": "Middlefield Global Dividend Growers ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 49.536, "architecture_energy": 31.144, "architecture_maturity": 66.421, "architecture_confidence": 82.855, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 28.86, "rotation_up": 29.28, "upward_expansion": 61.65, "deceleration": 88.33, "rotation_down": 28.34, "downward_expansion": 22.99 }, "activity_lines": [ 22.092956, 22.262364, 21.954569, 21.342097 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 22.49, "trend_reference": 20.58079, "distance_from_trend": 0.092767, "trend_direction": "Improving", "fair_value": 17.108529, "distance_from_fair_value": 0.314549, "fair_value_direction": "Weakening", "relative_strength": 2.013388, "relative_strength_direction": "Weakening", "price_momentum": 0.181207, "excess_performance": 0.060785, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092767, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.068022, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.314549, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.006394, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020134, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.020668, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.181207, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.589421, "read": "Supply-led" } ], "volume": { "latest": 7200, "relative_activity": 1.111969, "balance": 0.589421, "dry_up": 1.30888, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.02795, "annualized_volatility": 0.191603, "from_high_reference": -0.02724, "from_low_reference": 0.282578 }, "levels": { "trend_reference": 20.58079, "fair_value_reference": 17.108529, "structural_low": 17.9084, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.029734, "positive_rate": 0.454545, "directional_follow_through": 0.454545, "median_excess_return": -0.008177, "regime_survival": 0.454545, "best_return": 0.077594, "worst_return": -0.065406, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.032716, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.019509, "regime_survival": 0.0, "best_return": 0.109108, "worst_return": -0.177118, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.102395, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.002947, "regime_survival": 0.2, "best_return": 0.181886, "worst_return": -0.02259, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.056831, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.00765, "regime_survival": 0.333333, "best_return": 0.326919, "worst_return": -0.116666, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-13", "end": "2023-11-10", "tenure": "Developing", "return": 0.022765, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-17", "end": "2023-12-01", "tenure": "New", "return": -0.003663, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-08-09", "tenure": "Extended", "return": 0.23749, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.004724, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-17", "tenure": "Established", "return": 0.166505, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-03-07", "tenure": "Developing", "return": -0.105751, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.106596, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-20", "tenure": "Developing", "return": 0.067589, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.008948, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.006045, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-11-21", "tenure": "Developing", "return": 0.008477, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": 0.031151, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-07-24", "tenure": "Extended", "return": 0.154353, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.029291, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.30325, "volume": 10217, "typical_volume": 4162.6, "trend": 12.123464, "fair_value": 11.358133, "relative_strength": 6.460277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.742887, "energy": 34.527648, "activity_lines": [ 12.475047, 12.480398, 12.386185, 12.28377 ] }, { "date": "2023-08-25", "close": 12.340731, "volume": 2649, "typical_volume": 4181.55, "trend": 12.147615, "fair_value": 11.372459, "relative_strength": 6.43671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.416591, "energy": 21.004995, "activity_lines": [ 12.41132, 12.462051, 12.389293, 12.297787 ] }, { "date": "2023-09-01", "close": 12.649827, "volume": 95, "typical_volume": 4148.4, "trend": 12.179637, "fair_value": 11.391062, "relative_strength": 5.0812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.587976, "energy": 26.58469, "activity_lines": [ 12.468126, 12.49992, 12.420221, 12.330188 ] }, { "date": "2023-09-08", "close": 12.536878, "volume": 17691, "typical_volume": 4777.5, "trend": 12.210023, "fair_value": 11.409962, "relative_strength": 6.305403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.920032, "energy": 23.346391, "activity_lines": [ 12.492912, 12.508442, 12.437785, 12.353236 ] }, { "date": "2023-09-15", "close": 12.602768, "volume": 3595, "typical_volume": 4857.9, "trend": 12.237437, "fair_value": 11.428875, "relative_strength": 3.79003, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.959728, "energy": 38.368975, "activity_lines": [ 12.539703, 12.524723, 12.460212, 12.378574 ] }, { "date": "2023-09-22", "close": 12.150986, "volume": 7379, "typical_volume": 5094.4, "trend": 12.251312, "fair_value": 11.444944, "relative_strength": 4.10793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.502853, "energy": 12.800257, "activity_lines": [ 12.427801, 12.453612, 12.437973, 12.372997 ] }, { "date": "2023-09-29", "close": 12.085502, "volume": 3784, "typical_volume": 5250.45, "trend": 12.262089, "fair_value": 11.461162, "relative_strength": 4.576453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.278457, "energy": 16.698127, "activity_lines": [ 12.304223, 12.379326, 12.409218, 12.362299 ] }, { "date": "2023-10-06", "close": 12.123327, "volume": 3973, "typical_volume": 5326.1, "trend": 12.276874, "fair_value": 11.476289, "relative_strength": 6.233902, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.982096, "energy": 38.45305, "activity_lines": [ 12.210268, 12.321331, 12.384802, 12.353347 ] }, { "date": "2023-10-13", "close": 12.208437, "volume": 6906, "typical_volume": 5671.4, "trend": 12.292359, "fair_value": 11.491911, "relative_strength": 5.550388, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.558489, "energy": 43.219335, "activity_lines": [ 12.179783, 12.289918, 12.369268, 12.348932 ] }, { "date": "2023-10-20", "close": 11.934197, "volume": 5581, "typical_volume": 5765.95, "trend": 12.296259, "fair_value": 11.505878, "relative_strength": 4.797479, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.840963, "energy": 62.807291, "activity_lines": [ 12.07978, 12.214627, 12.327503, 12.325824 ] }, { "date": "2023-10-27", "close": 11.726151, "volume": 14096, "typical_volume": 5643.0, "trend": 12.284027, "fair_value": 11.520211, "relative_strength": 4.837154, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.583393, "energy": 73.842915, "activity_lines": [ 11.955001, 12.111456, 12.267333, 12.289043 ] }, { "date": "2023-11-03", "close": 12.30581, "volume": 8230, "typical_volume": 5718.65, "trend": 12.294185, "fair_value": 11.535736, "relative_strength": 3.749531, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.141315, "energy": 47.544156, "activity_lines": [ 12.051763, 12.124171, 12.264195, 12.290449 ] }, { "date": "2023-11-10", "close": 12.486356, "volume": 5392, "typical_volume": 5959.85, "trend": 12.306986, "fair_value": 11.550924, "relative_strength": 5.909986, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -22.93491, "energy": 19.775765, "activity_lines": [ 12.19402, 12.170347, 12.278423, 12.302847 ] }, { "date": "2023-11-17", "close": 12.875963, "volume": 2744, "typical_volume": 5997.7, "trend": 12.328173, "fair_value": 11.567271, "relative_strength": 6.133234, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.296773, "energy": 29.32473, "activity_lines": [ 12.441945, 12.290333, 12.328227, 12.339555 ] }, { "date": "2023-11-24", "close": 12.961485, "volume": 5487, "typical_volume": 6158.55, "trend": 12.351601, "fair_value": 11.584834, "relative_strength": 6.951471, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.418956, "energy": 59.47245, "activity_lines": [ 12.673874, 12.419703, 12.383455, 12.380414 ] }, { "date": "2023-12-01", "close": 12.828792, "volume": 4352, "typical_volume": 5718.7, "trend": 12.376153, "fair_value": 11.600977, "relative_strength": 3.849332, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.416253, "energy": 75.53799, "activity_lines": [ 12.793087, 12.518425, 12.422963, 12.4112 ] }, { "date": "2023-12-08", "close": 12.943336, "volume": 6338, "typical_volume": 5865.35, "trend": 12.399593, "fair_value": 11.618941, "relative_strength": 5.218583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.994547, "energy": 83.768032, "activity_lines": [ 12.876972, 12.625649, 12.472439, 12.447793 ] }, { "date": "2023-12-15", "close": 13.258324, "volume": 18448, "typical_volume": 6579.6, "trend": 12.431991, "fair_value": 11.638407, "relative_strength": 6.529909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.277044, "energy": 89.888053, "activity_lines": [ 13.023352, 12.774547, 12.550294, 12.503195 ] }, { "date": "2023-12-22", "close": 13.267869, "volume": 7946, "typical_volume": 6825.55, "trend": 12.468097, "fair_value": 11.65695, "relative_strength": 4.627605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.957051, "energy": 91.433783, "activity_lines": [ 13.121448, 12.904544, 12.626563, 12.557122 ] }, { "date": "2023-12-29", "close": 13.354028, "volume": 3217, "typical_volume": 6906.0, "trend": 12.505557, "fair_value": 11.67589, "relative_strength": 4.748292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.228306, "energy": 91.379371, "activity_lines": [ 13.222137, 13.030944, 12.70756, 12.614279 ] }, { "date": "2024-01-05", "close": 13.123949, "volume": 8420, "typical_volume": 6816.15, "trend": 12.539371, "fair_value": 11.692262, "relative_strength": 2.881122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.264046, "energy": 81.738223, "activity_lines": [ 13.219963, 13.089696, 12.762488, 12.654175 ] }, { "date": "2024-01-12", "close": 13.47865, "volume": 3027, "typical_volume": 6835.05, "trend": 12.57727, "fair_value": 11.710649, "relative_strength": 5.151863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.780896, "energy": 83.792893, "activity_lines": [ 13.316346, 13.187525, 12.847289, 12.714774 ] }, { "date": "2024-01-19", "close": 13.622449, "volume": 1041, "typical_volume": 6882.35, "trend": 12.625844, "fair_value": 11.729645, "relative_strength": 6.384627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.286826, "energy": 84.184366, "activity_lines": [ 13.424974, 13.290175, 12.940367, 12.782205 ] }, { "date": "2024-01-26", "close": 13.948391, "volume": 12771, "typical_volume": 6636.35, "trend": 12.680633, "fair_value": 11.75193, "relative_strength": 7.466142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.962405, "energy": 90.086049, "activity_lines": [ 13.617975, 13.431431, 13.059856, 12.867531 ] }, { "date": "2024-02-02", "close": 14.112039, "volume": 7189, "typical_volume": 6816.05, "trend": 12.740567, "fair_value": 11.772914, "relative_strength": 8.57343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.601883, "energy": 96.604883, "activity_lines": [ 13.820157, 13.582942, 13.188208, 12.959879 ] }, { "date": "2024-02-09", "close": 14.391199, "volume": 8041, "typical_volume": 6849.15, "trend": 12.799233, "fair_value": 11.797045, "relative_strength": 10.701288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.832444, "energy": 97.297801, "activity_lines": [ 14.064858, 13.76429, 13.33596, 13.066372 ] }, { "date": "2024-02-16", "close": 14.439326, "volume": 3500, "typical_volume": 6834.95, "trend": 12.860437, "fair_value": 11.821172, "relative_strength": 9.428596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.619394, "energy": 95.943601, "activity_lines": [ 14.241118, 13.925982, 13.477628, 13.172184 ] }, { "date": "2024-02-23", "close": 14.747366, "volume": 6149, "typical_volume": 6943.75, "trend": 12.927539, "fair_value": 11.849207, "relative_strength": 10.569463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.160388, "energy": 97.136158, "activity_lines": [ 14.456013, 14.11648, 13.637425, 13.293922 ] }, { "date": "2024-03-01", "close": 14.950658, "volume": 11163, "typical_volume": 7156.6, "trend": 13.007978, "fair_value": 11.87991, "relative_strength": 10.951085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.660108, "energy": 96.716695, "activity_lines": [ 14.663678, 14.316868, 13.804087, 13.424445 ] }, { "date": "2024-03-08", "close": 15.143946, "volume": 9649, "typical_volume": 7360.0, "trend": 13.096733, "fair_value": 11.910016, "relative_strength": 11.066269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.528411, "energy": 94.615328, "activity_lines": [ 14.868954, 14.521803, 13.976099, 13.56225 ] }, { "date": "2024-03-15", "close": 14.950658, "volume": 9082, "typical_volume": 7109.3, "trend": 13.18498, "fair_value": 11.938882, "relative_strength": 8.826136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.84963, "energy": 70.977102, "activity_lines": [ 14.941007, 14.65905, 14.114418, 13.681858 ] }, { "date": "2024-03-22", "close": 15.385556, "volume": 6905, "typical_volume": 7043.05, "trend": 13.286474, "fair_value": 11.969276, "relative_strength": 10.985859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.101179, "energy": 75.982331, "activity_lines": [ 15.120729, 14.842157, 14.278802, 13.82383 ] }, { "date": "2024-03-29", "close": 15.269399, "volume": 4352, "typical_volume": 6991.05, "trend": 13.373793, "fair_value": 11.99651, "relative_strength": 8.949427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.775752, "energy": 71.173774, "activity_lines": [ 15.19865, 14.969473, 14.417457, 13.951761 ] }, { "date": "2024-04-05", "close": 15.065677, "volume": 1325, "typical_volume": 6920.1, "trend": 13.458086, "fair_value": 12.021384, "relative_strength": 6.75781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.184688, "energy": 67.899888, "activity_lines": [ 15.173861, 15.029805, 14.523458, 14.060915 ] }, { "date": "2024-04-12", "close": 15.288801, "volume": 10879, "typical_volume": 7189.7, "trend": 13.547621, "fair_value": 12.047688, "relative_strength": 9.775039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.215458, "energy": 69.803808, "activity_lines": [ 15.215779, 15.11039, 14.640281, 14.179026 ] }, { "date": "2024-04-19", "close": 14.832851, "volume": 1609, "typical_volume": 7052.55, "trend": 13.637016, "fair_value": 12.07128, "relative_strength": 6.667532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.675936, "energy": 62.429971, "activity_lines": [ 15.096056, 15.086679, 14.702599, 14.261944 ] }, { "date": "2024-04-26", "close": 15.201492, "volume": 11352, "typical_volume": 7303.25, "trend": 13.740883, "fair_value": 12.097239, "relative_strength": 8.193928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.057148, "energy": 57.771135, "activity_lines": [ 15.107068, 15.121965, 14.790481, 14.362878 ] }, { "date": "2024-05-03", "close": 15.104105, "volume": 7095, "typical_volume": 6735.6, "trend": 13.840242, "fair_value": 12.124533, "relative_strength": 7.286456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.568575, "energy": 51.663525, "activity_lines": [ 15.097888, 15.125685, 14.858336, 14.450827 ] }, { "date": "2024-05-10", "close": 15.63971, "volume": 6054, "typical_volume": 6641.0, "trend": 13.954618, "fair_value": 12.156584, "relative_strength": 8.958827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.026913, "energy": 63.556381, "activity_lines": [ 15.278263, 15.220303, 14.968411, 14.566922 ] }, { "date": "2024-05-17", "close": 15.834482, "volume": 24786, "typical_volume": 7719.45, "trend": 14.084627, "fair_value": 12.188613, "relative_strength": 9.217189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.343845, "energy": 69.917818, "activity_lines": [ 15.485293, 15.337805, 15.085742, 14.688204 ] }, { "date": "2024-05-24", "close": 15.980556, "volume": 284, "typical_volume": 7312.65, "trend": 14.226441, "fair_value": 12.221258, "relative_strength": 10.594647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.52186, "energy": 82.333903, "activity_lines": [ 15.704636, 15.469311, 15.205172, 14.810522 ] }, { "date": "2024-05-31", "close": 15.746402, "volume": 12014, "typical_volume": 7762.0, "trend": 14.341127, "fair_value": 12.252242, "relative_strength": 8.915961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.328602, "energy": 82.61952, "activity_lines": [ 15.769414, 15.539518, 15.288699, 14.908584 ] }, { "date": "2024-06-07", "close": 16.254667, "volume": 11258, "typical_volume": 8272.85, "trend": 14.466738, "fair_value": 12.284303, "relative_strength": 13.334671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.798419, "energy": 90.006277, "activity_lines": [ 15.967286, 15.695576, 15.409834, 15.032038 ] }, { "date": "2024-06-14", "close": 16.479479, "volume": 18826, "typical_volume": 8575.6, "trend": 14.586855, "fair_value": 12.319028, "relative_strength": 16.362215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.856211, "energy": 90.015529, "activity_lines": [ 16.163391, 15.874595, 15.539845, 15.161892 ] }, { "date": "2024-06-21", "close": 16.499025, "volume": 21380, "typical_volume": 9285.15, "trend": 14.704773, "fair_value": 12.352709, "relative_strength": 16.479723, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.264716, "energy": 82.706928, "activity_lines": [ 16.310027, 16.031463, 15.659665, 15.285258 ] }, { "date": "2024-06-28", "close": 16.489008, "volume": 2271, "typical_volume": 8996.65, "trend": 14.82678, "fair_value": 12.386269, "relative_strength": 14.222513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.364103, "energy": 79.211401, "activity_lines": [ 16.409021, 16.164505, 15.767164, 15.40037 ] }, { "date": "2024-07-05", "close": 16.744047, "volume": 3311, "typical_volume": 8987.2, "trend": 14.95347, "fair_value": 12.420075, "relative_strength": 14.564835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.87876, "energy": 81.303054, "activity_lines": [ 16.559131, 16.313805, 15.888963, 15.524065 ] }, { "date": "2024-07-12", "close": 17.028502, "volume": 4635, "typical_volume": 8911.5, "trend": 15.079143, "fair_value": 12.455491, "relative_strength": 12.935016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.750969, "energy": 85.799658, "activity_lines": [ 16.73755, 16.486779, 16.026878, 15.657938 ] }, { "date": "2024-07-19", "close": 16.734236, "volume": 2649, "typical_volume": 8485.8, "trend": 15.194688, "fair_value": 12.487898, "relative_strength": 10.504073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.664225, "energy": 66.900704, "activity_lines": [ 16.766291, 16.57126, 16.125905, 15.764718 ] }, { "date": "2024-07-26", "close": 16.410536, "volume": 8231, "typical_volume": 8414.9, "trend": 15.296572, "fair_value": 12.517962, "relative_strength": 7.470016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.184704, "energy": 63.967444, "activity_lines": [ 16.670149, 16.576987, 16.18561, 15.84316 ] }, { "date": "2024-08-02", "close": 16.420877, "volume": 5581, "typical_volume": 8239.85, "trend": 15.40647, "fair_value": 12.548199, "relative_strength": 10.001894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.290901, "energy": 54.105278, "activity_lines": [ 16.583353, 16.57412, 16.240269, 15.915695 ] }, { "date": "2024-08-09", "close": 16.017248, "volume": 5770, "typical_volume": 8183.1, "trend": 15.49109, "fair_value": 12.575527, "relative_strength": 6.571107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.009837, "energy": 29.361833, "activity_lines": [ 16.366555, 16.48986, 16.249486, 15.9551 ] }, { "date": "2024-08-16", "close": 16.706375, "volume": 2649, "typical_volume": 8097.95, "trend": 15.593887, "fair_value": 12.606951, "relative_strength": 7.254503, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.611828, "energy": 29.544723, "activity_lines": [ 16.42792, 16.525971, 16.321326, 16.033506 ] }, { "date": "2024-08-23", "close": 16.844198, "volume": 5297, "typical_volume": 8296.55, "trend": 15.690414, "fair_value": 12.636575, "relative_strength": 6.756694, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.512786, "energy": 36.597514, "activity_lines": [ 16.556702, 16.578928, 16.399449, 16.114171 ] }, { "date": "2024-08-30", "close": 16.785301, "volume": 3879, "typical_volume": 7946.55, "trend": 15.779523, "fair_value": 12.666252, "relative_strength": 5.799448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.037165, "energy": 42.85254, "activity_lines": [ 16.65852, 16.614546, 16.463494, 16.184809 ] }, { "date": "2024-09-06", "close": 16.024578, "volume": 3216, "typical_volume": 8026.9, "trend": 15.833969, "fair_value": 12.690999, "relative_strength": 3.278068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.307138, "energy": 27.026263, "activity_lines": [ 16.481779, 16.506645, 16.447963, 16.200619 ] }, { "date": "2024-09-13", "close": 16.775427, "volume": 3217, "typical_volume": 7620.15, "trend": 15.911839, "fair_value": 12.719589, "relative_strength": 4.209541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.379621, "energy": 37.128232, "activity_lines": [ 16.581741, 16.543706, 16.498266, 16.261358 ] }, { "date": "2024-09-20", "close": 17.17061, "volume": 3216, "typical_volume": 7426.2, "trend": 15.992614, "fair_value": 12.752222, "relative_strength": 5.018725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.399504, "energy": 44.44232, "activity_lines": [ 16.762886, 16.652049, 16.578711, 16.342569 ] }, { "date": "2024-09-27", "close": 17.190226, "volume": 2932, "typical_volume": 7270.1, "trend": 16.067266, "fair_value": 12.784763, "relative_strength": 4.45578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.730896, "energy": 47.158166, "activity_lines": [ 16.919621, 16.761373, 16.651184, 16.419835 ] }, { "date": "2024-10-04", "close": 17.110922, "volume": 3690, "typical_volume": 6215.3, "trend": 16.132832, "fair_value": 12.820583, "relative_strength": 2.862161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.519782, "energy": 68.254978, "activity_lines": [ 17.026852, 16.847989, 16.70872, 16.487167 ] }, { "date": "2024-10-11", "close": 17.695824, "volume": 3217, "typical_volume": 6361.95, "trend": 16.224337, "fair_value": 12.859829, "relative_strength": 4.757148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.972168, "energy": 81.665932, "activity_lines": [ 17.307342, 17.028216, 16.815884, 16.588005 ] }, { "date": "2024-10-18", "close": 18.003145, "volume": 2649, "typical_volume": 5893.7, "trend": 16.31159, "fair_value": 12.900557, "relative_strength": 4.773442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.479259, "energy": 88.465585, "activity_lines": [ 17.578857, 17.241138, 16.944147, 16.702767 ] }, { "date": "2024-10-25", "close": 17.963491, "volume": 15136, "typical_volume": 6087.6, "trend": 16.401393, "fair_value": 12.940544, "relative_strength": 5.757252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.405557, "energy": 89.348523, "activity_lines": [ 17.755305, 17.410744, 17.057888, 16.809341 ] }, { "date": "2024-11-01", "close": 17.853849, "volume": 17974, "typical_volume": 6045.0, "trend": 16.494332, "fair_value": 12.977654, "relative_strength": 5.677649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.276028, "energy": 85.988794, "activity_lines": [ 17.842348, 17.537558, 17.15305, 16.903048 ] }, { "date": "2024-11-08", "close": 18.460588, "volume": 10501, "typical_volume": 5501.05, "trend": 16.600059, "fair_value": 13.016045, "relative_strength": 6.718796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.187781, "energy": 93.255605, "activity_lines": [ 18.087395, 17.756331, 17.299451, 17.029904 ] }, { "date": "2024-11-15", "close": 18.10251, "volume": 4730, "typical_volume": 5624.0, "trend": 16.709047, "fair_value": 13.051, "relative_strength": 3.84211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.387385, "energy": 83.361519, "activity_lines": [ 18.123105, 17.879539, 17.40241, 17.126836 ] }, { "date": "2024-11-22", "close": 18.400904, "volume": 12299, "typical_volume": 6073.4, "trend": 16.815694, "fair_value": 13.088084, "relative_strength": 3.035326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.690353, "energy": 78.619256, "activity_lines": [ 18.231168, 18.019219, 17.526103, 17.235988 ] }, { "date": "2024-11-29", "close": 18.530725, "volume": 7284, "typical_volume": 6205.85, "trend": 16.929915, "fair_value": 13.126383, "relative_strength": 2.670175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.022982, "energy": 79.121157, "activity_lines": [ 18.355986, 18.15295, 17.65427, 17.346635 ] }, { "date": "2024-12-06", "close": 18.820116, "volume": 13339, "typical_volume": 6740.35, "trend": 17.035928, "fair_value": 13.166318, "relative_strength": 3.823639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.096891, "energy": 82.250186, "activity_lines": [ 18.539453, 18.314568, 17.802845, 17.468584 ] }, { "date": "2024-12-13", "close": 19.28912, "volume": 17218, "typical_volume": 7189.7, "trend": 17.151083, "fair_value": 13.20866, "relative_strength": 7.823822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.361299, "energy": 94.550671, "activity_lines": [ 18.814837, 18.531825, 17.986155, 17.613951 ] }, { "date": "2024-12-20", "close": 19.139441, "volume": 5298, "typical_volume": 7175.55, "trend": 17.256379, "fair_value": 13.248733, "relative_strength": 9.497589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.577929, "energy": 90.20968, "activity_lines": [ 18.985092, 18.682264, 18.141501, 17.742232 ] }, { "date": "2024-12-27", "close": 19.508657, "volume": 3027, "typical_volume": 7038.4, "trend": 17.381788, "fair_value": 13.28991, "relative_strength": 10.277181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.825741, "energy": 93.500694, "activity_lines": [ 19.209291, 18.873585, 18.319066, 17.88754 ] }, { "date": "2025-01-03", "close": 18.408667, "volume": 3000, "typical_volume": 7055.95, "trend": 17.453588, "fair_value": 13.324641, "relative_strength": 2.612229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.394732, "energy": 63.395979, "activity_lines": [ 18.992976, 18.837535, 18.375243, 17.95379 ] }, { "date": "2025-01-10", "close": 18.105646, "volume": 9600, "typical_volume": 7271.1, "trend": 17.507793, "fair_value": 13.358418, "relative_strength": 1.925743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.776987, "energy": 44.13097, "activity_lines": [ 18.683791, 18.738297, 18.394456, 17.995859 ] }, { "date": "2025-01-17", "close": 18.692749, "volume": 8800, "typical_volume": 7517.15, "trend": 17.580917, "fair_value": 13.400412, "relative_strength": 3.708985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.468046, "energy": 32.451294, "activity_lines": [ 18.617939, 18.741226, 18.463576, 18.072307 ] }, { "date": "2025-01-24", "close": 19.137814, "volume": 26600, "typical_volume": 8686.35, "trend": 17.669211, "fair_value": 13.445805, "relative_strength": 4.253952, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.807249, "energy": 29.857149, "activity_lines": [ 18.7402, 18.820855, 18.566, 18.172752 ] }, { "date": "2025-01-31", "close": 18.929918, "volume": 4600, "typical_volume": 8755.5, "trend": 17.742073, "fair_value": 13.485669, "relative_strength": 2.663044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.811048, "energy": 29.047886, "activity_lines": [ 18.79327, 18.843862, 18.6338, 18.254088 ] }, { "date": "2025-02-07", "close": 18.426512, "volume": 9200, "typical_volume": 9054.7, "trend": 17.788674, "fair_value": 13.523466, "relative_strength": 0.182483, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.730346, "energy": 28.793608, "activity_lines": [ 18.717121, 18.765721, 18.643397, 18.298246 ] }, { "date": "2025-02-14", "close": 18.417017, "volume": 11100, "typical_volume": 9463.1, "trend": 17.844766, "fair_value": 13.562969, "relative_strength": -0.142755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.250502, "energy": 23.622519, "activity_lines": [ 18.636618, 18.687749, 18.646109, 18.338784 ] }, { "date": "2025-02-21", "close": 18.046587, "volume": 8200, "typical_volume": 9688.6, "trend": 17.899301, "fair_value": 13.601471, "relative_strength": -0.919243, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.125311, "energy": 10.470743, "activity_lines": [ 18.411879, 18.549755, 18.6077, 18.351805 ] }, { "date": "2025-02-28", "close": 17.790535, "volume": 31600, "typical_volume": 11107.75, "trend": 17.944957, "fair_value": 13.636836, "relative_strength": -3.290922, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.360798, "energy": 20.62676, "activity_lines": [ 18.144868, 18.387797, 18.540449, 18.344787 ] }, { "date": "2025-03-07", "close": 17.113977, "volume": 33000, "typical_volume": 12625.3, "trend": 17.981514, "fair_value": 13.671467, "relative_strength": -4.57, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.395248, "energy": 50.56112, "activity_lines": [ 17.742155, 18.127355, 18.408314, 18.291176 ] }, { "date": "2025-03-14", "close": 16.770935, "volume": 9000, "typical_volume": 12318.5, "trend": 17.983666, "fair_value": 13.698854, "relative_strength": -5.697467, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.838206, "energy": 68.140906, "activity_lines": [ 17.346159, 17.848081, 18.247742, 18.213074 ] }, { "date": "2025-03-21", "close": 16.866228, "volume": 40200, "typical_volume": 13429.8, "trend": 17.984401, "fair_value": 13.727296, "relative_strength": -6.677987, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.744402, "energy": 73.576595, "activity_lines": [ 17.092298, 17.61591, 18.101924, 18.140981 ] }, { "date": "2025-03-28", "close": 16.675648, "volume": 1100, "typical_volume": 12959.75, "trend": 17.980746, "fair_value": 13.754133, "relative_strength": -6.914609, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.564901, "energy": 75.586406, "activity_lines": [ 16.878296, 17.371623, 17.942659, 18.056545 ] }, { "date": "2025-04-04", "close": 14.983221, "volume": 18000, "typical_volume": 13623.25, "trend": 17.946034, "fair_value": 13.771735, "relative_strength": -10.643044, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -95.937418, "energy": 97.175773, "activity_lines": [ 16.191549, 16.856296, 17.63071, 17.863157 ] }, { "date": "2025-04-11", "close": 15.595172, "volume": 7500, "typical_volume": 13383.3, "trend": 17.906692, "fair_value": 13.795042, "relative_strength": -8.458204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.867051, "energy": 90.83566, "activity_lines": [ 15.895939, 16.527771, 17.391896, 17.711488 ] }, { "date": "2025-04-18", "close": 15.451745, "volume": 19700, "typical_volume": 14004.1, "trend": 17.849396, "fair_value": 13.817207, "relative_strength": -11.47049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.224192, "energy": 90.152271, "activity_lines": [ 15.653773, 16.233801, 17.152783, 17.553105 ] }, { "date": "2025-04-25", "close": 15.748158, "volume": 6700, "typical_volume": 13672.15, "trend": 17.801327, "fair_value": 13.843887, "relative_strength": -11.533692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.926852, "energy": 86.333005, "activity_lines": [ 15.598358, 16.04781, 16.956561, 17.417541 ] }, { "date": "2025-05-02", "close": 16.217472, "volume": 13600, "typical_volume": 13491.25, "trend": 17.771546, "fair_value": 13.875588, "relative_strength": -9.96869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.311294, "energy": 64.116951, "activity_lines": [ 15.773919, 15.995674, 16.819664, 17.315357 ] }, { "date": "2025-05-09", "close": 16.227072, "volume": 8700, "typical_volume": 13661.35, "trend": 17.722587, "fair_value": 13.907798, "relative_strength": -10.928739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.685494, "energy": 53.290918, "activity_lines": [ 15.983226, 15.97854, 16.698309, 17.215713 ] }, { "date": "2025-05-16", "close": 16.697283, "volume": 11100, "typical_volume": 14065.0, "trend": 17.679059, "fair_value": 13.946546, "relative_strength": -10.36657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.00044, "energy": 36.494968, "activity_lines": [ 16.266345, 16.075326, 16.635604, 17.149565 ] }, { "date": "2025-05-23", "close": 16.409401, "volume": 5200, "typical_volume": 14175.0, "trend": 17.627256, "fair_value": 13.979422, "relative_strength": -11.404643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.182619, "energy": 28.43565, "activity_lines": [ 16.38003, 16.127345, 16.558869, 17.067651 ] }, { "date": "2025-05-30", "close": 16.54331, "volume": 8600, "typical_volume": 14125.0, "trend": 17.583571, "fair_value": 14.013549, "relative_strength": -11.510135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.059224, "energy": 26.93707, "activity_lines": [ 16.474508, 16.210285, 16.504407, 16.997719 ] }, { "date": "2025-06-06", "close": 16.764788, "volume": 17200, "typical_volume": 14545.0, "trend": 17.527044, "fair_value": 14.050501, "relative_strength": -10.937209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.112473, "energy": 26.322347, "activity_lines": [ 16.589801, 16.339365, 16.478479, 16.944894 ] }, { "date": "2025-06-13", "close": 16.591459, "volume": 5700, "typical_volume": 13500.0, "trend": 17.476676, "fair_value": 14.090949, "relative_strength": -11.785523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.886776, "energy": 21.159034, "activity_lines": [ 16.610831, 16.43531, 16.445224, 16.884534 ] }, { "date": "2025-06-20", "close": 16.649235, "volume": 6900, "typical_volume": 13615.0, "trend": 17.418287, "fair_value": 14.129913, "relative_strength": -11.125381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.240266, "energy": 16.608552, "activity_lines": [ 16.626826, 16.512519, 16.429596, 16.831151 ] }, { "date": "2025-06-27", "close": 17.275148, "volume": 8000, "typical_volume": 13555.0, "trend": 17.376434, "fair_value": 14.174812, "relative_strength": -8.190754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.822762, "energy": 17.42782, "activity_lines": [ 16.854663, 16.684365, 16.48444, 16.821916 ] }, { "date": "2025-07-04", "close": 17.197851, "volume": 3800, "typical_volume": 13190.0, "trend": 17.322359, "fair_value": 14.218538, "relative_strength": -9.508796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.06432, "energy": 27.137839, "activity_lines": [ 16.999017, 16.809005, 16.537405, 16.810395 ] }, { "date": "2025-07-11", "close": 17.178528, "volume": 4700, "typical_volume": 13015.0, "trend": 17.252006, "fair_value": 14.262818, "relative_strength": -9.231591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.133814, "energy": 50.280254, "activity_lines": [ 17.093294, 16.903774, 16.594335, 16.801115 ] }, { "date": "2025-07-18", "close": 17.429733, "volume": 9300, "typical_volume": 11900.0, "trend": 17.195016, "fair_value": 14.30611, "relative_strength": -8.63511, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.370593, "energy": 68.812424, "activity_lines": [ 17.243724, 17.026742, 16.679323, 16.812581 ] }, { "date": "2025-07-25", "close": 17.632627, "volume": 7000, "typical_volume": 10600.0, "trend": 17.132481, "fair_value": 14.349223, "relative_strength": -7.980449, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.239551, "energy": 75.06454, "activity_lines": [ 17.4059, 17.164733, 16.785353, 16.840814 ] }, { "date": "2025-08-01", "close": 17.235195, "volume": 10700, "typical_volume": 10685.0, "trend": 17.093365, "fair_value": 14.389334, "relative_strength": -8.221148, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.602181, "energy": 65.688692, "activity_lines": [ 17.370039, 17.213458, 16.851062, 16.847441 ] }, { "date": "2025-08-08", "close": 17.60355, "volume": 5500, "typical_volume": 8950.0, "trend": 17.076629, "fair_value": 14.430444, "relative_strength": -8.540933, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.127992, "energy": 67.276565, "activity_lines": [ 17.459627, 17.314142, 16.949641, 16.880356 ] }, { "date": "2025-08-15", "close": 18.000982, "volume": 8800, "typical_volume": 9335.0, "trend": 17.05357, "fair_value": 14.473194, "relative_strength": -6.762302, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.803633, "energy": 79.506376, "activity_lines": [ 17.654645, 17.46781, 17.08256, 16.939992 ] }, { "date": "2025-08-22", "close": 17.923437, "volume": 6300, "typical_volume": 8750.0, "trend": 17.013091, "fair_value": 14.518057, "relative_strength": -8.333768, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.808801, "energy": 73.821611, "activity_lines": [ 17.768985, 17.584902, 17.201783, 16.996112 ] }, { "date": "2025-08-29", "close": 17.739225, "volume": 9900, "typical_volume": 8870.0, "trend": 16.973401, "fair_value": 14.564759, "relative_strength": -9.764543, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.712197, "energy": 83.188781, "activity_lines": [ 17.789008, 17.644283, 17.289461, 17.04296 ] }, { "date": "2025-09-05", "close": 17.826759, "volume": 5900, "typical_volume": 8180.0, "trend": 16.953409, "fair_value": 14.610026, "relative_strength": -10.612427, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.15184, "energy": 80.924568, "activity_lines": [ 17.831101, 17.699761, 17.375266, 17.098015 ] }, { "date": "2025-09-12", "close": 18.478359, "volume": 5900, "typical_volume": 8140.0, "trend": 16.955454, "fair_value": 14.661181, "relative_strength": -7.874597, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.915385, "energy": 80.39924, "activity_lines": [ 18.050957, 17.863683, 17.511818, 17.196399 ] }, { "date": "2025-09-19", "close": 18.351933, "volume": 12600, "typical_volume": 8090.0, "trend": 16.965632, "fair_value": 14.713807, "relative_strength": -9.733501, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.988335, "energy": 71.150467, "activity_lines": [ 18.170351, 17.981337, 17.623329, 17.286494 ] }, { "date": "2025-09-26", "close": 18.351933, "volume": 9500, "typical_volume": 8130.0, "trend": 16.984345, "fair_value": 14.766487, "relative_strength": -9.454684, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.359176, "energy": 81.219545, "activity_lines": [ 18.266348, 18.077655, 17.724675, 17.375933 ] }, { "date": "2025-10-03", "close": 18.88854, "volume": 15000, "typical_volume": 8325.0, "trend": 17.043498, "fair_value": 14.822148, "relative_strength": -8.752331, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.177346, "energy": 89.722672, "activity_lines": [ 18.512647, 18.254772, 17.867009, 17.498784 ] }, { "date": "2025-10-10", "close": 18.478765, "volume": 32200, "typical_volume": 9675.0, "trend": 17.100425, "fair_value": 14.875068, "relative_strength": -8.606101, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.589222, "energy": 65.052993, "activity_lines": [ 18.545734, 18.334549, 17.959882, 17.591382 ] }, { "date": "2025-10-17", "close": 18.654383, "volume": 32300, "typical_volume": 10860.0, "trend": 17.16003, "fair_value": 14.928311, "relative_strength": -8.251535, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.929988, "energy": 65.140002, "activity_lines": [ 18.593893, 18.423646, 18.059626, 17.691638 ] }, { "date": "2025-10-24", "close": 18.898294, "volume": 25700, "typical_volume": 11285.0, "trend": 17.234119, "fair_value": 14.979153, "relative_strength": -7.506764, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.129157, "energy": 68.167044, "activity_lines": [ 18.711621, 18.537985, 18.172547, 17.803784 ] }, { "date": "2025-10-31", "close": 19.16205, "volume": 21500, "typical_volume": 12075.0, "trend": 17.373413, "fair_value": 15.033358, "relative_strength": -5.652283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.394861, "energy": 69.494653, "activity_lines": [ 18.880843, 18.683964, 18.300429, 17.928166 ] }, { "date": "2025-11-07", "close": 18.339979, "volume": 35800, "typical_volume": 13520.0, "trend": 17.464906, "fair_value": 15.079412, "relative_strength": -8.299764, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.021825, "energy": 52.445731, "activity_lines": [ 18.722034, 18.657956, 18.337777, 17.990525 ] }, { "date": "2025-11-14", "close": 18.555285, "volume": 19300, "typical_volume": 14085.0, "trend": 17.568358, "fair_value": 15.126385, "relative_strength": -8.185866, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.500893, "energy": 46.018647, "activity_lines": [ 18.671564, 18.660171, 18.387579, 18.060872 ] }, { "date": "2025-11-21", "close": 17.977879, "volume": 25500, "typical_volume": 15170.0, "trend": 17.642682, "fair_value": 15.167813, "relative_strength": -10.224617, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.853553, "energy": 22.696543, "activity_lines": [ 18.423524, 18.544158, 18.376294, 18.087293 ] }, { "date": "2025-11-28", "close": 18.712807, "volume": 13300, "typical_volume": 15600.0, "trend": 17.72586, "fair_value": 15.213199, "relative_strength": -9.864029, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.542555, "energy": 23.557962, "activity_lines": [ 18.465561, 18.570868, 18.431288, 18.156334 ] }, { "date": "2025-12-05", "close": 18.359365, "volume": 12500, "typical_volume": 15760.0, "trend": 17.796936, "fair_value": 15.256494, "relative_strength": -10.986556, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.936114, "energy": 18.263124, "activity_lines": [ 18.402149, 18.526754, 18.445314, 18.197205 ] }, { "date": "2025-12-12", "close": 17.986284, "volume": 10800, "typical_volume": 15950.0, "trend": 17.839903, "fair_value": 15.299076, "relative_strength": -12.902884, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.873134, "energy": 11.516025, "activity_lines": [ 18.26789, 18.414672, 18.419382, 18.209421 ] }, { "date": "2025-12-19", "close": 17.996105, "volume": 11700, "typical_volume": 16000.0, "trend": 17.892793, "fair_value": 15.341837, "relative_strength": -12.94193, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.794312, "energy": 9.713371, "activity_lines": [ 18.160483, 18.32078, 18.392702, 18.219498 ] }, { "date": "2025-12-26", "close": 18.104101, "volume": 3000, "typical_volume": 15875.0, "trend": 17.944819, "fair_value": 15.385113, "relative_strength": -12.516124, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.18637, "energy": 14.452383, "activity_lines": [ 18.126354, 18.2553, 18.372683, 18.233131 ] }, { "date": "2026-01-02", "close": 18.241808, "volume": 10700, "typical_volume": 15970.0, "trend": 17.994053, "fair_value": 15.428865, "relative_strength": -11.100484, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.878624, "energy": 14.820614, "activity_lines": [ 18.129713, 18.224862, 18.363396, 18.252292 ] }, { "date": "2026-01-09", "close": 19.010092, "volume": 18800, "typical_volume": 16595.0, "trend": 18.074674, "fair_value": 15.476553, "relative_strength": -9.025989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.144447, "energy": 21.050461, "activity_lines": [ 18.420566, 18.346049, 18.426132, 18.317843 ] }, { "date": "2026-01-16", "close": 19.295732, "volume": 17800, "typical_volume": 16990.0, "trend": 18.162891, "fair_value": 15.526944, "relative_strength": -8.409906, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.388489, "energy": 53.794501, "activity_lines": [ 18.763251, 18.521933, 18.510897, 18.396621 ] }, { "date": "2026-01-23", "close": 18.96084, "volume": 21600, "typical_volume": 17775.0, "trend": 18.219081, "fair_value": 15.574025, "relative_strength": -9.794999, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.863142, "energy": 58.18368, "activity_lines": [ 18.907008, 18.61955, 18.556356, 18.448101 ] }, { "date": "2026-01-30", "close": 19.118898, "volume": 3800, "typical_volume": 17670.0, "trend": 18.283116, "fair_value": 15.621652, "relative_strength": -5.152908, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.838104, "energy": 68.095396, "activity_lines": [ 19.039136, 18.738531, 18.611468, 18.506154 ] }, { "date": "2026-02-06", "close": 19.039854, "volume": 12800, "typical_volume": 17680.0, "trend": 18.34516, "fair_value": 15.669181, "relative_strength": -6.746109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.631411, "energy": 68.88053, "activity_lines": [ 19.077263, 18.822395, 18.656001, 18.554976 ] }, { "date": "2026-02-13", "close": 18.950928, "volume": 10900, "typical_volume": 17750.0, "trend": 18.395866, "fair_value": 15.715146, "relative_strength": -8.453877, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.3058, "energy": 53.813442, "activity_lines": [ 19.032544, 18.884144, 18.688789, 18.594057 ] }, { "date": "2026-02-20", "close": 19.267107, "volume": 8900, "typical_volume": 17445.0, "trend": 18.450349, "fair_value": 15.76343, "relative_strength": -8.558076, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.735927, "energy": 56.325305, "activity_lines": [ 19.097163, 18.992624, 18.748838, 18.650267 ] }, { "date": "2026-02-27", "close": 19.67248, "volume": 3400, "typical_volume": 16005.0, "trend": 18.531592, "fair_value": 15.814137, "relative_strength": -7.690886, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.965893, "energy": 71.524422, "activity_lines": [ 19.298815, 19.151521, 18.84569, 18.729114 ] }, { "date": "2026-03-06", "close": 18.929188, "volume": 18700, "typical_volume": 15325.0, "trend": 18.57578, "fair_value": 15.860608, "relative_strength": -7.464366, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.477544, "energy": 42.50361, "activity_lines": [ 19.205259, 19.144795, 18.866069, 18.754765 ] }, { "date": "2026-03-13", "close": 18.503035, "volume": 23100, "typical_volume": 15195.0, "trend": 18.592515, "fair_value": 15.903936, "relative_strength": -7.713155, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.880746, "energy": 22.27822, "activity_lines": [ 18.982301, 19.045584, 18.844553, 18.750072 ] }, { "date": "2026-03-20", "close": 18.136343, "volume": 9500, "typical_volume": 14595.0, "trend": 18.599612, "fair_value": 15.944443, "relative_strength": -5.721578, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 2.828551, "energy": 11.431067, "activity_lines": [ 18.672899, 18.874953, 18.789996, 18.720641 ] }, { "date": "2026-03-27", "close": 18.265179, "volume": 6500, "typical_volume": 13130.0, "trend": 18.617144, "fair_value": 15.984008, "relative_strength": -6.664824, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -22.882084, "energy": 30.051038, "activity_lines": [ 18.460749, 18.743633, 18.752593, 18.699065 ] }, { "date": "2026-04-03", "close": 18.803322, "volume": 2000, "typical_volume": 12265.0, "trend": 18.649696, "fair_value": 16.027612, "relative_strength": -7.017127, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -11.121473, "energy": 23.527659, "activity_lines": [ 18.494774, 18.728894, 18.766799, 18.711077 ] }, { "date": "2026-04-10", "close": 19.827511, "volume": 11200, "typical_volume": 11550.0, "trend": 18.694667, "fair_value": 16.077132, "relative_strength": -3.441181, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.330179, "energy": 25.742831, "activity_lines": [ 18.92814, 18.903235, 18.877365, 18.787065 ] }, { "date": "2026-04-17", "close": 20.334637, "volume": 3400, "typical_volume": 11055.0, "trend": 18.760757, "fair_value": 16.129019, "relative_strength": -2.703836, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.404558, "energy": 69.851932, "activity_lines": [ 19.47066, 19.156898, 19.027421, 18.892869 ] }, { "date": "2026-04-24", "close": 20.453957, "volume": 6800, "typical_volume": 10770.0, "trend": 18.830825, "fair_value": 16.181553, "relative_strength": -0.749771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.077076, "energy": 85.597766, "activity_lines": [ 19.930846, 19.408713, 19.181118, 19.002108 ] }, { "date": "2026-05-01", "close": 20.540319, "volume": 3100, "typical_volume": 10385.0, "trend": 18.885884, "fair_value": 16.235707, "relative_strength": -0.160683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.229959, "energy": 89.107298, "activity_lines": [ 20.265312, 19.648902, 19.333065, 19.112398 ] }, { "date": "2026-05-08", "close": 21.525061, "volume": 22600, "typical_volume": 10930.0, "trend": 18.987427, "fair_value": 16.295226, "relative_strength": 4.080207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.509326, "energy": 96.706387, "activity_lines": [ 20.776349, 20.044987, 19.566636, 19.282667 ] }, { "date": "2026-05-15", "close": 21.614582, "volume": 8700, "typical_volume": 11215.0, "trend": 19.086101, "fair_value": 16.355022, "relative_strength": 5.281532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.182867, "energy": 94.403734, "activity_lines": [ 21.135777, 20.423664, 19.791927, 19.452161 ] }, { "date": "2026-05-22", "close": 21.614582, "volume": 10800, "typical_volume": 11220.0, "trend": 19.176644, "fair_value": 16.41547, "relative_strength": 3.355991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.419161, "energy": 91.34546, "activity_lines": [ 21.376068, 20.753517, 20.000502, 19.615289 ] }, { "date": "2026-05-29", "close": 21.962807, "volume": 5400, "typical_volume": 10550.0, "trend": 19.270002, "fair_value": 16.477858, "relative_strength": 4.123053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.2105, "energy": 91.99925, "activity_lines": [ 21.647103, 21.090109, 20.226181, 19.795041 ] }, { "date": "2026-06-05", "close": 21.563845, "volume": 10800, "typical_volume": 10200.0, "trend": 19.377464, "fair_value": 16.538463, "relative_strength": 3.313286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.030793, "energy": 82.130724, "activity_lines": [ 21.684562, 21.284591, 20.399802, 19.943031 ] }, { "date": "2026-06-12", "close": 21.484053, "volume": 0, "typical_volume": 9120.0, "trend": 19.47509, "fair_value": 16.597068, "relative_strength": 1.421654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.250046, "energy": 69.176467, "activity_lines": [ 21.627187, 21.404589, 20.555024, 20.07894 ] }, { "date": "2026-06-19", "close": 23.119793, "volume": 0, "typical_volume": 8930.0, "trend": 19.646487, "fair_value": 16.667289, "relative_strength": 8.93347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.315262, "energy": 80.172658, "activity_lines": [ 22.117794, 21.773254, 20.854016, 20.314082 ] }, { "date": "2026-06-26", "close": 23.053955, "volume": 0, "typical_volume": 8290.0, "trend": 19.791192, "fair_value": 16.736195, "relative_strength": 8.547979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.322446, "energy": 87.140374, "activity_lines": [ 22.486107, 22.070089, 21.127685, 20.533919 ] }, { "date": "2026-07-03", "close": 22.864704, "volume": 3000, "typical_volume": 7895.0, "trend": 19.94137, "fair_value": 16.803827, "relative_strength": 6.796725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.445476, "energy": 88.414307, "activity_lines": [ 22.695378, 22.283072, 21.364215, 20.73221 ] }, { "date": "2026-07-10", "close": 22.705158, "volume": 1300, "typical_volume": 7515.0, "trend": 20.098666, "fair_value": 16.868404, "relative_strength": 5.85244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.775602, "energy": 86.725705, "activity_lines": [ 22.791341, 22.423215, 21.566914, 20.910519 ] }, { "date": "2026-07-17", "close": 21.588348, "volume": 10100, "typical_volume": 7850.0, "trend": 20.218407, "fair_value": 16.926001, "relative_strength": 0.846761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.112163, "energy": 63.925182, "activity_lines": [ 22.438946, 22.320942, 21.646878, 21.006628 ] }, { "date": "2026-07-24", "close": 21.887495, "volume": 2100, "typical_volume": 7020.0, "trend": 20.34452, "fair_value": 16.984675, "relative_strength": 2.01273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.491029, "energy": 48.463545, "activity_lines": [ 22.179314, 22.271907, 21.746209, 21.114311 ] }, { "date": "2026-07-31", "close": 21.85, "volume": 14500, "typical_volume": 6590.0, "trend": 20.464793, "fair_value": 17.044371, "relative_strength": 2.308402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.337442, "energy": 31.013797, "activity_lines": [ 21.989336, 22.211094, 21.827882, 21.211438 ] }, { "date": "2026-08-07", "close": 22.49, "volume": 7200, "typical_volume": 6475.0, "trend": 20.58079, "fair_value": 17.108529, "relative_strength": 2.013388, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.535796, "energy": 31.143907, "activity_lines": [ 22.092956, 22.262364, 21.954569, 21.342097 ] } ], "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." } } }