{ "ticker": { "uuid": "4f295823-ceea-4ed9-969b-7f83fafb6925", "symbol": "WEEL", "name": "PEERLESS OPTION INCOME WHEEL ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 53.408, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 61.472, "architecture_energy": 42.107, "architecture_maturity": 35.152, "architecture_confidence": 77.22, "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": 27.99, "rotation_up": 55.66, "upward_expansion": 80.4, "deceleration": 49.74, "rotation_down": 15.54, "downward_expansion": 7.07 }, "activity_lines": [ 20.1587, 20.026691, 19.921832, 19.836594 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 20.5229, "trend_reference": 19.744954, "distance_from_trend": 0.0394, "trend_direction": "Improving", "fair_value": 17.890843, "distance_from_fair_value": 0.147118, "fair_value_direction": "Improving", "relative_strength": -5.729859, "relative_strength_direction": "Improving", "price_momentum": 0.056711, "excess_performance": -0.068914, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.0394, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011358, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.147118, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.024111, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057299, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005332, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.056711, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.02075, "read": "Demand-led" } ], "volume": { "latest": 118630, "relative_activity": 1.4205, "balance": 1.02075, "dry_up": 1.118397, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.03636, "annualized_volatility": 0.101382, "from_high_reference": -0.142736, "from_low_reference": 0.149433 }, "levels": { "trend_reference": 19.744954, "fair_value_reference": 17.890843, "structural_low": 18.98, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.004339, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.000641, "regime_survival": 0.875, "best_return": 0.023508, "worst_return": -0.00642, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.02496, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.0419, "regime_survival": 1.0, "best_return": 0.049027, "worst_return": 0.000893, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.049964, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.087915, "regime_survival": 1.0, "best_return": 0.049964, "worst_return": 0.049964, "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": "2025-11-21", "end": "2026-04-03", "tenure": "Established", "return": 0.034695, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.029227, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.041531, "active": true } ], "chart_path": [ { "date": "2024-05-17", "close": 15.991304, "volume": 862, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 15.990346, "volume": 38502, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 16.007271, "volume": 112072, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 15.980845, "volume": 13609, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 15.982761, "volume": 26145, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 16.083116, "volume": 44440, "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": 16.122316, "volume": 18024, "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": 16.178281, "volume": 15932, "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": 16.366537, "volume": 15665, "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": 16.264665, "volume": 29495, "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": 16.226024, "volume": 15376, "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": 15.910509, "volume": 10594, "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": 15.905, "volume": 44450, "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": 16.2867, "volume": 28893, "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": 16.422422, "volume": 42272, "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": 16.396396, "volume": 42793, "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": 16.057728, "volume": 15539, "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": 16.483657, "volume": 19122, "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": 16.650117, "volume": 8224, "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": 16.742208, "volume": 21166, "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": 16.837471, "volume": 17325, "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": 16.915556, "volume": 21173, "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": 16.903227, "volume": 28602, "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": 16.901829, "volume": 14513, "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": 16.895994, "volume": 14083, "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": 17.071725, "volume": 39568, "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": 16.788155, "volume": 17152, "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": 17.055039, "volume": 8213, "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": 17.14159, "volume": 17063, "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": 17.067615, "volume": 9697, "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": 16.923775, "volume": 8253, "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": 16.51001, "volume": 19917, "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": 16.588752, "volume": 14073, "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": 16.677792, "volume": 23859, "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": 16.441716, "volume": 7958, "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": 17.040008, "volume": 9336, "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": 17.249474, "volume": 15363, "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": 17.232502, "volume": 12458, "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": 17.287768, "volume": 15701, "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": 17.363418, "volume": 23310, "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": 17.094421, "volume": 8727, "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": 16.877279, "volume": 16220, "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": 16.6076, "volume": 17375, "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": 16.376301, "volume": 6599, "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": 16.535618, "volume": 9431, "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": 16.33051, "volume": 26501, "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": 14.844359, "volume": 16163, "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": 15.356081, "volume": 18471, "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": 15.477258, "volume": 34718, "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": 16.057885, "volume": 5925, "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": 16.416223, "volume": 6056, "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": 16.417191, "volume": 19988, "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": 17.003626, "volume": 6353, "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": 16.699408, "volume": 9617, "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": 16.876905, "volume": 12355, "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": 17.213067, "volume": 11217, "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": 17.252579, "volume": 5540, "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": 17.386252, "volume": 6719, "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": 17.579814, "volume": 42226, "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": 17.768614, "volume": 10194, "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": 17.85934, "volume": 9641, "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": 17.800368, "volume": 10618, "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": 18.010489, "volume": 11934, "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": 17.761447, "volume": 14846, "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": 18.068009, "volume": 13602, "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": 18.278039, "volume": 20643, "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": 18.39199, "volume": 16965, "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": 18.498955, "volume": 20444, "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": 18.521546, "volume": 11964, "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": 18.571536, "volume": 11768, "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": 18.600477, "volume": 177873, "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": 18.667959, "volume": 38048, "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": 18.747397, "volume": 31935, "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": 18.481232, "volume": 34472, "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": 18.780948, "volume": 128874, "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": 19.063654, "volume": 55596, "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": 19.009075, "volume": 34009, "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": 19.074495, "volume": 29828, "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": 19.016271, "volume": 36832, "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": 18.855806, "volume": 54760, "typical_volume": 38232.6, "trend": 18.022424, "fair_value": 17.064646, "relative_strength": -0.292777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.325243, "energy": 50.977331, "activity_lines": [ 18.976627, 18.904621, 18.716275, 18.454823 ] }, { "date": "2025-11-28", "close": 19.294118, "volume": 26636, "typical_volume": 39082.35, "trend": 18.118354, "fair_value": 17.09217, "relative_strength": -1.574867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.919227, "energy": 58.657147, "activity_lines": [ 19.073379, 18.989055, 18.791624, 18.536868 ] }, { "date": "2025-12-05", "close": 19.434303, "volume": 57592, "typical_volume": 41431.05, "trend": 18.218924, "fair_value": 17.120732, "relative_strength": -1.18713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.51638, "energy": 55.384582, "activity_lines": [ 19.201496, 19.086366, 18.873492, 18.621768 ] }, { "date": "2025-12-12", "close": 19.326828, "volume": 37740, "typical_volume": 42721.35, "trend": 18.296364, "fair_value": 17.147312, "relative_strength": -1.167095, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.84185, "energy": 51.721342, "activity_lines": [ 19.265439, 19.150202, 18.937344, 18.693245 ] }, { "date": "2025-12-19", "close": 19.299071, "volume": 24041, "typical_volume": 43181.1, "trend": 18.383019, "fair_value": 17.172928, "relative_strength": -1.434722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.172777, "energy": 48.201929, "activity_lines": [ 19.303308, 19.198456, 18.992283, 18.757936 ] }, { "date": "2025-12-26", "close": 19.324398, "volume": 132529, "typical_volume": 49127.45, "trend": 18.464603, "fair_value": 17.19824, "relative_strength": -2.681235, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.968219, "energy": 45.368783, "activity_lines": [ 19.330765, 19.236445, 19.042313, 18.81867 ] }, { "date": "2026-01-02", "close": 19.490822, "volume": 100937, "typical_volume": 53142.15, "trend": 18.540528, "fair_value": 17.224897, "relative_strength": -0.818957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.554905, "energy": 44.638632, "activity_lines": [ 19.382458, 19.294812, 19.10221, 18.884878 ] }, { "date": "2026-01-09", "close": 19.538818, "volume": 78555, "typical_volume": 56221.65, "trend": 18.616736, "fair_value": 17.251494, "relative_strength": -2.103133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.469647, "energy": 44.692777, "activity_lines": [ 19.437036, 19.354139, 19.160903, 18.949284 ] }, { "date": "2026-01-16", "close": 19.625114, "volume": 70528, "typical_volume": 58725.85, "trend": 18.691364, "fair_value": 17.278467, "relative_strength": -1.29679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.398002, "energy": 47.477932, "activity_lines": [ 19.513412, 19.419525, 19.222353, 19.01434 ] }, { "date": "2026-01-23", "close": 19.702684, "volume": 48676, "typical_volume": 60561.45, "trend": 18.762127, "fair_value": 17.305706, "relative_strength": -0.54944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.418435, "energy": 54.70271, "activity_lines": [ 19.595758, 19.489003, 19.285828, 19.079587 ] }, { "date": "2026-01-30", "close": 19.564028, "volume": 61069, "typical_volume": 63026.5, "trend": 18.821974, "fair_value": 17.330798, "relative_strength": -1.594497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.302155, "energy": 48.921489, "activity_lines": [ 19.604978, 19.520791, 19.330474, 19.131322 ] }, { "date": "2026-02-06", "close": 19.421494, "volume": 72499, "typical_volume": 57757.8, "trend": 18.874046, "fair_value": 17.353773, "relative_strength": -2.055498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.566078, "energy": 39.624695, "activity_lines": [ 19.550712, 19.513786, 19.356818, 19.170001 ] }, { "date": "2026-02-13", "close": 19.63481, "volume": 55154, "typical_volume": 58613.1, "trend": 18.935194, "fair_value": 17.378567, "relative_strength": 0.309363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.139768, "energy": 38.413549, "activity_lines": [ 19.572173, 19.543251, 19.399569, 19.219083 ] }, { "date": "2026-02-20", "close": 19.780253, "volume": 14995, "typical_volume": 57766.1, "trend": 18.994186, "fair_value": 17.404391, "relative_strength": -0.064159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.169347, "energy": 40.0247, "activity_lines": [ 19.635715, 19.595514, 19.451568, 19.273603 ] }, { "date": "2026-02-27", "close": 19.765709, "volume": 131950, "typical_volume": 62640.0, "trend": 19.060995, "fair_value": 17.429512, "relative_strength": 0.357992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.381223, "energy": 40.483023, "activity_lines": [ 19.684067, 19.636888, 19.497263, 19.323378 ] }, { "date": "2026-03-06", "close": 19.614642, "volume": 34421, "typical_volume": 57917.35, "trend": 19.112549, "fair_value": 17.452513, "relative_strength": 1.606999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.143084, "energy": 44.34303, "activity_lines": [ 19.677861, 19.642312, 19.522454, 19.359098 ] }, { "date": "2026-03-13", "close": 19.508759, "volume": 46218, "typical_volume": 57448.45, "trend": 19.153573, "fair_value": 17.473932, "relative_strength": 2.596869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.562503, "energy": 34.389768, "activity_lines": [ 19.632987, 19.623206, 19.533591, 19.384659 ] }, { "date": "2026-03-20", "close": 19.091823, "volume": 178026, "typical_volume": 64649.3, "trend": 19.176901, "fair_value": 17.490612, "relative_strength": 2.25984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.564478, "energy": 10.707619, "activity_lines": [ 19.443317, 19.527969, 19.5029, 19.380676 ] }, { "date": "2026-03-27", "close": 19.0, "volume": 76842, "typical_volume": 67000.0, "trend": 19.193602, "fair_value": 17.506013, "relative_strength": 4.075453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -7.476794, "energy": 19.899588, "activity_lines": [ 19.259237, 19.424163, 19.463071, 19.369263 ] }, { "date": "2026-04-03", "close": 19.51, "volume": 61680, "typical_volume": 68242.4, "trend": 19.226551, "fair_value": 17.526256, "relative_strength": 3.324189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.581021, "energy": 19.707033, "activity_lines": [ 19.297175, 19.42445, 19.472167, 19.389675 ] }, { "date": "2026-04-10", "close": 19.845, "volume": 52721, "typical_volume": 68140.45, "trend": 19.269, "fair_value": 17.549443, "relative_strength": 1.435328, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.343769, "energy": 18.659528, "activity_lines": [ 19.463827, 19.48915, 19.510817, 19.429575 ] }, { "date": "2026-04-17", "close": 20.425, "volume": 129443, "typical_volume": 73280.8, "trend": 19.329817, "fair_value": 17.577914, "relative_strength": -0.045223, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.120342, "energy": 49.143315, "activity_lines": [ 19.808455, 19.654195, 19.599995, 19.504156 ] }, { "date": "2026-04-24", "close": 19.704556, "volume": 71726, "typical_volume": 73987.5, "trend": 19.36437, "fair_value": 17.598763, "relative_strength": -3.962389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.471287, "energy": 39.741772, "activity_lines": [ 19.851852, 19.670006, 19.615174, 19.528333 ] }, { "date": "2026-05-01", "close": 19.686603, "volume": 59591, "typical_volume": 75080.05, "trend": 19.395677, "fair_value": 17.619034, "relative_strength": -4.817208, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.123282, "energy": 41.113342, "activity_lines": [ 19.848416, 19.681284, 19.627356, 19.549122 ] }, { "date": "2026-05-08", "close": 19.809945, "volume": 62696, "typical_volume": 77012.8, "trend": 19.439968, "fair_value": 17.6401, "relative_strength": -6.263099, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.902349, "energy": 48.270504, "activity_lines": [ 19.84032, 19.71669, 19.649572, 19.575849 ] }, { "date": "2026-05-15", "close": 19.617218, "volume": 100557, "typical_volume": 75414.2, "trend": 19.467843, "fair_value": 17.65893, "relative_strength": -7.219942, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.74963, "energy": 20.321744, "activity_lines": [ 19.747986, 19.716251, 19.651, 19.587284 ] }, { "date": "2026-05-22", "close": 19.797912, "volume": 97396, "typical_volume": 75237.15, "trend": 19.492318, "fair_value": 17.679109, "relative_strength": -7.014317, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.463491, "energy": 16.705806, "activity_lines": [ 19.731069, 19.748619, 19.668243, 19.608579 ] }, { "date": "2026-05-29", "close": 19.935907, "volume": 65583, "typical_volume": 74588.55, "trend": 19.523213, "fair_value": 17.700201, "relative_strength": -7.545436, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.538645, "energy": 24.490789, "activity_lines": [ 19.801955, 19.800819, 19.697165, 19.637198 ] }, { "date": "2026-06-05", "close": 19.634686, "volume": 52728, "typical_volume": 73698.55, "trend": 19.541886, "fair_value": 17.718112, "relative_strength": -6.451434, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.181077, "energy": 15.253734, "activity_lines": [ 19.757012, 19.782905, 19.695509, 19.64439 ] }, { "date": "2026-06-12", "close": 19.806646, "volume": 73528, "typical_volume": 74941.15, "trend": 19.568232, "fair_value": 17.737273, "relative_strength": -6.00592, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.820563, "energy": 18.266357, "activity_lines": [ 19.772849, 19.784716, 19.710185, 19.661471 ] }, { "date": "2026-06-19", "close": 19.839834, "volume": 32906, "typical_volume": 73533.0, "trend": 19.601033, "fair_value": 17.756387, "relative_strength": -6.525348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.346594, "energy": 22.688026, "activity_lines": [ 19.799969, 19.787168, 19.727526, 19.678994 ] }, { "date": "2026-06-26", "close": 19.81, "volume": 138049, "typical_volume": 76810.5, "trend": 19.618229, "fair_value": 17.774889, "relative_strength": -4.28126, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.348087, "energy": 19.32239, "activity_lines": [ 19.802304, 19.78429, 19.740713, 19.692475 ] }, { "date": "2026-07-03", "close": 19.7851, "volume": 152361, "typical_volume": 81670.85, "trend": 19.629922, "fair_value": 17.792837, "relative_strength": -6.291022, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.32056, "energy": 17.467934, "activity_lines": [ 19.795532, 19.788066, 19.749678, 19.703241 ] }, { "date": "2026-07-10", "close": 20.04, "volume": 68848, "typical_volume": 84363.5, "trend": 19.653694, "fair_value": 17.812723, "relative_strength": -6.209023, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.04217, "energy": 22.070657, "activity_lines": [ 19.883781, 19.836723, 19.782204, 19.729698 ] }, { "date": "2026-07-17", "close": 19.918, "volume": 50963, "typical_volume": 80314.15, "trend": 19.674325, "fair_value": 17.831191, "relative_strength": -5.196563, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.676746, "energy": 22.288917, "activity_lines": [ 19.904342, 19.856773, 19.801874, 19.74675 ] }, { "date": "2026-07-24", "close": 19.91, "volume": 77188, "typical_volume": 82452.5, "trend": 19.693845, "fair_value": 17.849267, "relative_strength": -4.569162, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.802805, "energy": 21.756746, "activity_lines": [ 19.914813, 19.873404, 19.820057, 19.761955 ] }, { "date": "2026-07-31", "close": 20.04, "volume": 126821, "typical_volume": 86482.65, "trend": 19.712151, "fair_value": 17.868153, "relative_strength": -4.854211, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.404555, "energy": 30.187334, "activity_lines": [ 19.96394, 19.908348, 19.849214, 19.784287 ] }, { "date": "2026-08-07", "close": 20.5229, "volume": 118630, "typical_volume": 83512.85, "trend": 19.744954, "fair_value": 17.890843, "relative_strength": -5.729859, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.472298, "energy": 42.107251, "activity_lines": [ 20.1587, 20.026691, 19.921832, 19.836594 ] } ], "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." } } }