{ "ticker": { "uuid": "570246e2-dcb9-42a8-8d25-0925c86f0a0e", "symbol": "TRET", "name": "VanEck Global Real Estate UCITS ETF", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.582, "architecture_energy": 59.291, "architecture_maturity": 31.204, "architecture_confidence": 62.727, "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": 10.3, "rotation_up": 68.39, "upward_expansion": 83.19, "deceleration": 53.94, "rotation_down": 13.55, "downward_expansion": 9.86 }, "activity_lines": [ 42.342333, 42.029636, 41.234903, 40.777064 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 41.830002, "trend_reference": 40.219446, "distance_from_trend": 0.040044, "trend_direction": "Improving", "fair_value": 36.431458, "distance_from_fair_value": 0.148184, "fair_value_direction": "Improving", "relative_strength": -8.102619, "relative_strength_direction": "Weakening", "price_momentum": 0.073069, "excess_performance": -0.097823, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040044, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033329, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.148184, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023513, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.081026, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013226, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.073069, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.062341, "read": "Demand-led" } ], "volume": { "latest": 7720, "relative_activity": 1.608233, "balance": 1.062341, "dry_up": 2.036956, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.025263, "annualized_volatility": 0.155234, "from_high_reference": -0.044977, "from_low_reference": 0.165287 }, "levels": { "trend_reference": 40.219446, "fair_value_reference": 36.431458, "structural_low": 37.444411, "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": 31, "median_return": -0.001106, "positive_rate": 0.483871, "directional_follow_through": 0.483871, "median_excess_return": -0.019167, "regime_survival": 0.741935, "best_return": 0.054738, "worst_return": -0.075699, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.00377, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.006892, "regime_survival": 0.666667, "best_return": 0.11089, "worst_return": -0.067424, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.006525, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.003517, "regime_survival": 0.5, "best_return": 0.107686, "worst_return": -0.094871, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.0026, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.044797, "regime_survival": 0.666667, "best_return": 0.080697, "worst_return": -0.001706, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-02-02", "tenure": "Developing", "return": -0.037265, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-09", "end": "2024-03-15", "tenure": "Developing", "return": 0.007215, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-04-19", "tenure": "Developing", "return": -0.038931, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-06-28", "tenure": "Developing", "return": 0.036128, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2025-01-03", "tenure": "Extended", "return": 0.097528, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.069695, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.03901, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": 0.012444, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-08-08", "tenure": "Established", "return": -0.023148, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.023539, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": 0.0016, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2026-03-27", "tenure": "Extended", "return": 0.018963, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": 0.032378, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.044285, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 30.739773, "volume": 3148, "typical_volume": 2697.75, "trend": 31.609493, "fair_value": 33.322255, "relative_strength": -12.759299, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.445254, "energy": 11.321697, "activity_lines": [ 31.415411, 31.476584, 31.368777, 31.347782 ] }, { "date": "2023-08-25", "close": 31.225828, "volume": 1791, "typical_volume": 2707.35, "trend": 31.53602, "fair_value": 33.350997, "relative_strength": -12.005601, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.064695, "energy": 15.703987, "activity_lines": [ 31.272771, 31.441316, 31.367881, 31.323029 ] }, { "date": "2023-09-01", "close": 32.411453, "volume": 3166, "typical_volume": 2791.2, "trend": 31.478018, "fair_value": 33.388255, "relative_strength": -9.367902, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.075903, "energy": 10.823598, "activity_lines": [ 31.591663, 31.628554, 31.477275, 31.379509 ] }, { "date": "2023-09-08", "close": 31.861111, "volume": 1878, "typical_volume": 2804.75, "trend": 31.415626, "fair_value": 33.421541, "relative_strength": -8.853388, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.760841, "energy": 9.982106, "activity_lines": [ 31.709542, 31.678563, 31.525278, 31.404224 ] }, { "date": "2023-09-15", "close": 32.131664, "volume": 2639, "typical_volume": 2561.35, "trend": 31.374872, "fair_value": 33.453362, "relative_strength": -9.418997, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.608053, "energy": 43.105888, "activity_lines": [ 31.901903, 31.763736, 31.59438, 31.45042 ] }, { "date": "2023-09-22", "close": 31.141159, "volume": 3690, "typical_volume": 2623.25, "trend": 31.312829, "fair_value": 33.486671, "relative_strength": -10.533224, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.77156, "energy": 28.042461, "activity_lines": [ 31.724301, 31.653668, 31.56533, 31.435342 ] }, { "date": "2023-09-29", "close": 30.746798, "volume": 1867, "typical_volume": 2625.95, "trend": 31.235604, "fair_value": 33.510495, "relative_strength": -9.948649, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 1.022816, "energy": 4.005364, "activity_lines": [ 31.388486, 31.479633, 31.499387, 31.398824 ] }, { "date": "2023-10-06", "close": 30.063532, "volume": 2947, "typical_volume": 2640.55, "trend": 31.184107, "fair_value": 33.528018, "relative_strength": -9.960439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.378461, "energy": 35.768237, "activity_lines": [ 30.856851, 31.208164, 31.370399, 31.323207 ] }, { "date": "2023-10-13", "close": 30.78348, "volume": 2972, "typical_volume": 2600.15, "trend": 31.184453, "fair_value": 33.552663, "relative_strength": -8.595051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.691224, "energy": 33.180025, "activity_lines": [ 30.721727, 31.105494, 31.314083, 31.29736 ] }, { "date": "2023-10-20", "close": 29.499496, "volume": 1906, "typical_volume": 2542.25, "trend": 31.181222, "fair_value": 33.57153, "relative_strength": -9.057853, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.489304, "energy": 61.202514, "activity_lines": [ 30.23045, 30.784684, 31.134258, 31.188653 ] }, { "date": "2023-10-27", "close": 28.857506, "volume": 3980, "typical_volume": 2679.9, "trend": 31.114225, "fair_value": 33.591801, "relative_strength": -10.255961, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.880184, "energy": 80.57105, "activity_lines": [ 29.700654, 30.384153, 30.90267, 31.038736 ] }, { "date": "2023-11-03", "close": 30.870602, "volume": 2670, "typical_volume": 2683.4, "trend": 31.120769, "fair_value": 33.61879, "relative_strength": -8.193473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.255554, "energy": 56.307703, "activity_lines": [ 29.994134, 30.383862, 30.876442, 31.023018 ] }, { "date": "2023-11-10", "close": 29.880108, "volume": 1125, "typical_volume": 2651.6, "trend": 31.099236, "fair_value": 33.627673, "relative_strength": -10.151431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.486775, "energy": 51.860458, "activity_lines": [ 29.949196, 30.209939, 30.759389, 30.942975 ] }, { "date": "2023-11-17", "close": 30.687174, "volume": 2756, "typical_volume": 2699.4, "trend": 31.09278, "fair_value": 33.641223, "relative_strength": -10.425239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.902437, "energy": 31.441862, "activity_lines": [ 30.185508, 30.228781, 30.72152, 30.916391 ] }, { "date": "2023-11-24", "close": 30.778891, "volume": 1519, "typical_volume": 2671.3, "trend": 31.07441, "fair_value": 33.6552, "relative_strength": -9.524826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.276924, "energy": 19.487411, "activity_lines": [ 30.458812, 30.285643, 30.694301, 30.89614 ] }, { "date": "2023-12-01", "close": 32.026188, "volume": 4028, "typical_volume": 2794.15, "trend": 31.099263, "fair_value": 33.678986, "relative_strength": -7.018928, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.956676, "energy": 13.535565, "activity_lines": [ 31.06259, 30.593881, 30.788348, 30.957545 ] }, { "date": "2023-12-08", "close": 32.425228, "volume": 4079, "typical_volume": 2815.2, "trend": 31.14101, "fair_value": 33.70677, "relative_strength": -6.904813, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.747948, "energy": 30.174014, "activity_lines": [ 31.588135, 30.958581, 30.918209, 31.043091 ] }, { "date": "2023-12-15", "close": 34.31789, "volume": 19097, "typical_volume": 3566.65, "trend": 31.25408, "fair_value": 33.745697, "relative_strength": -1.040645, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.577961, "energy": 62.855692, "activity_lines": [ 32.640925, 31.636885, 31.227349, 31.248051 ] }, { "date": "2023-12-22", "close": 34.118908, "volume": 8937, "typical_volume": 3868.6, "trend": 31.373841, "fair_value": 33.783993, "relative_strength": -1.238093, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.426885, "energy": 84.364291, "activity_lines": [ 33.331537, 32.201658, 31.507206, 31.432878 ] }, { "date": "2023-12-29", "close": 34.5215, "volume": 1746, "typical_volume": 3797.05, "trend": 31.475584, "fair_value": 33.823231, "relative_strength": 0.236607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.838368, "energy": 88.286398, "activity_lines": [ 33.927563, 32.778985, 31.813532, 31.635953 ] }, { "date": "2024-01-05", "close": 33.836624, "volume": 2642, "typical_volume": 3771.75, "trend": 31.546105, "fair_value": 33.861813, "relative_strength": -1.787015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.308145, "energy": 84.302255, "activity_lines": [ 34.04579, 33.140481, 32.040409, 31.788278 ] }, { "date": "2024-01-12", "close": 34.146671, "volume": 5574, "typical_volume": 3960.9, "trend": 31.630747, "fair_value": 33.899454, "relative_strength": -0.743834, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.654857, "energy": 81.319503, "activity_lines": [ 34.14667, 33.467819, 32.282068, 31.956057 ] }, { "date": "2024-01-19", "close": 33.262814, "volume": 2351, "typical_volume": 3920.15, "trend": 31.727265, "fair_value": 33.931134, "relative_strength": -2.452334, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.297649, "energy": 55.510173, "activity_lines": [ 33.838169, 33.574891, 32.425641, 32.061352 ] }, { "date": "2024-01-26", "close": 33.489571, "volume": 1509, "typical_volume": 3901.7, "trend": 31.807265, "fair_value": 33.962064, "relative_strength": -1.822537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.534981, "energy": 44.634997, "activity_lines": [ 33.675591, 33.661688, 32.586755, 32.175049 ] }, { "date": "2024-02-02", "close": 33.23505, "volume": 2360, "typical_volume": 3887.75, "trend": 31.871817, "fair_value": 33.986527, "relative_strength": -3.337276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.91669, "energy": 36.453036, "activity_lines": [ 33.470129, 33.651255, 32.715875, 32.267164 ] }, { "date": "2024-02-09", "close": 33.119358, "volume": 3221, "typical_volume": 3864.3, "trend": 31.923578, "fair_value": 34.008179, "relative_strength": -4.743058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.615159, "energy": 27.205231, "activity_lines": [ 33.311867, 33.57513, 32.828723, 32.34765 ] }, { "date": "2024-02-16", "close": 33.480305, "volume": 2740, "typical_volume": 3907.95, "trend": 31.965566, "fair_value": 34.033461, "relative_strength": -5.213047, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.498985, "energy": 27.59777, "activity_lines": [ 33.321738, 33.544757, 32.966526, 32.448084 ] }, { "date": "2024-02-23", "close": 33.452538, "volume": 716, "typical_volume": 3796.4, "trend": 32.009051, "fair_value": 34.05827, "relative_strength": -7.779477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.215045, "energy": 25.529712, "activity_lines": [ 33.366777, 33.490151, 33.088668, 32.544018 ] }, { "date": "2024-03-01", "close": 33.642273, "volume": 4536, "typical_volume": 3874.6, "trend": 32.076274, "fair_value": 34.083006, "relative_strength": -7.645561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.782432, "energy": 30.041135, "activity_lines": [ 33.462413, 33.485776, 33.212742, 32.649387 ] }, { "date": "2024-03-08", "close": 33.94062, "volume": 2980, "typical_volume": 3928.3, "trend": 32.15647, "fair_value": 34.104307, "relative_strength": -7.909318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.155862, "energy": 40.872492, "activity_lines": [ 33.647318, 33.544312, 33.351617, 32.769668 ] }, { "date": "2024-03-15", "close": 33.35833, "volume": 2107, "typical_volume": 3834.65, "trend": 32.243756, "fair_value": 34.118923, "relative_strength": -10.569221, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.32117, "energy": 37.443392, "activity_lines": [ 33.591089, 33.507539, 33.413888, 32.847207 ] }, { "date": "2024-03-22", "close": 33.982544, "volume": 4661, "typical_volume": 3934.2, "trend": 32.335646, "fair_value": 34.135464, "relative_strength": -9.724819, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.946044, "energy": 42.141913, "activity_lines": [ 33.726999, 33.592956, 33.514174, 32.959387 ] }, { "date": "2024-03-29", "close": 34.695271, "volume": 2316, "typical_volume": 3993.75, "trend": 32.411773, "fair_value": 34.155683, "relative_strength": -8.683983, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.632943, "energy": 62.341805, "activity_lines": [ 34.067002, 33.810943, 33.667521, 33.111621 ] }, { "date": "2024-04-05", "close": 33.763603, "volume": 4293, "typical_volume": 4070.6, "trend": 32.47519, "fair_value": 34.168635, "relative_strength": -8.990045, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.058057, "energy": 40.67651, "activity_lines": [ 34.013601, 33.833492, 33.709209, 33.198836 ] }, { "date": "2024-04-12", "close": 33.740311, "volume": 2660, "typical_volume": 4127.65, "trend": 32.528811, "fair_value": 34.178012, "relative_strength": -8.23231, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.431044, "energy": 37.93822, "activity_lines": [ 33.944347, 33.846823, 33.734028, 33.280456 ] }, { "date": "2024-04-19", "close": 32.65958, "volume": 9579, "typical_volume": 4405.2, "trend": 32.579425, "fair_value": 34.180811, "relative_strength": -11.3503, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.315866, "energy": 12.307665, "activity_lines": [ 33.528203, 33.654471, 33.641818, 33.288893 ] }, { "date": "2024-04-26", "close": 33.120754, "volume": 1074, "typical_volume": 4254.95, "trend": 32.658557, "fair_value": 34.18484, "relative_strength": -10.658827, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.266687, "energy": 13.548319, "activity_lines": [ 33.312367, 33.554329, 33.590514, 33.323817 ] }, { "date": "2024-05-03", "close": 33.675091, "volume": 1413, "typical_volume": 3370.75, "trend": 32.778943, "fair_value": 34.19326, "relative_strength": -7.251503, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.938051, "energy": 16.064705, "activity_lines": [ 33.338762, 33.561512, 33.588692, 33.3894 ] }, { "date": "2024-05-10", "close": 33.894039, "volume": 1338, "typical_volume": 2990.8, "trend": 32.882628, "fair_value": 34.20551, "relative_strength": -9.155484, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.92624, "energy": 15.703534, "activity_lines": [ 33.506153, 33.604458, 33.610782, 33.461342 ] }, { "date": "2024-05-17", "close": 34.108322, "volume": 4020, "typical_volume": 3104.5, "trend": 33.036255, "fair_value": 34.217704, "relative_strength": -10.240492, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.208989, "energy": 25.623674, "activity_lines": [ 33.736275, 33.681786, 33.654352, 33.540419 ] }, { "date": "2024-05-24", "close": 33.185974, "volume": 1145, "typical_volume": 3029.65, "trend": 33.180538, "fair_value": 34.21967, "relative_strength": -10.077761, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.133882, "energy": 13.288063, "activity_lines": [ 33.634414, 33.588366, 33.612046, 33.550078 ] }, { "date": "2024-05-31", "close": 33.530689, "volume": 3248, "typical_volume": 2913.35, "trend": 33.269207, "fair_value": 34.219178, "relative_strength": -8.834256, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.108083, "energy": 14.620179, "activity_lines": [ 33.612365, 33.560755, 33.605669, 33.572669 ] }, { "date": "2024-06-07", "close": 33.921375, "volume": 2544, "typical_volume": 2923.0, "trend": 33.403916, "fair_value": 34.21523, "relative_strength": -7.904902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.271781, "energy": 17.59724, "activity_lines": [ 33.693216, 33.612394, 33.639433, 33.614744 ] }, { "date": "2024-06-14", "close": 34.204212, "volume": 1897, "typical_volume": 2942.4, "trend": 33.521151, "fair_value": 34.214205, "relative_strength": -1.309524, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.487763, "energy": 23.400813, "activity_lines": [ 33.851926, 33.729528, 33.696998, 33.666376 ] }, { "date": "2024-06-21", "close": 34.105221, "volume": 1212, "typical_volume": 2885.0, "trend": 33.632028, "fair_value": 34.212002, "relative_strength": -3.336304, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.912823, "energy": 37.771434, "activity_lines": [ 33.956962, 33.820653, 33.741732, 33.704058 ] }, { "date": "2024-06-28", "close": 34.317345, "volume": 2050, "typical_volume": 2826.45, "trend": 33.7084, "fair_value": 34.210752, "relative_strength": -2.162828, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.487498, "energy": 51.604049, "activity_lines": [ 34.132912, 33.943711, 33.802525, 33.748272 ] }, { "date": "2024-07-05", "close": 34.227779, "volume": 743, "typical_volume": 2726.6, "trend": 33.768485, "fair_value": 34.204934, "relative_strength": -4.605117, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.819513, "energy": 54.724477, "activity_lines": [ 34.203582, 34.020343, 33.849083, 33.78178 ] }, { "date": "2024-07-12", "close": 35.330833, "volume": 1889, "typical_volume": 2785.25, "trend": 33.80225, "fair_value": 34.202383, "relative_strength": -3.078835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.722852, "energy": 73.02882, "activity_lines": [ 34.595465, 34.277403, 33.997134, 33.882577 ] }, { "date": "2024-07-19", "close": 35.665524, "volume": 1769, "typical_volume": 2646.9, "trend": 33.853804, "fair_value": 34.201896, "relative_strength": -0.982821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.322868, "energy": 83.982055, "activity_lines": [ 35.004947, 34.565211, 34.168117, 34.002788 ] }, { "date": "2024-07-26", "close": 35.575958, "volume": 2878, "typical_volume": 2641.8, "trend": 33.888953, "fair_value": 34.200427, "relative_strength": 0.017333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.949691, "energy": 83.219632, "activity_lines": [ 35.287153, 34.804526, 34.320935, 34.113895 ] }, { "date": "2024-08-02", "close": 35.740948, "volume": 21754, "typical_volume": 3624.15, "trend": 33.95243, "fair_value": 34.197028, "relative_strength": 6.088707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.033336, "energy": 84.509307, "activity_lines": [ 35.526306, 35.047154, 34.481678, 34.233378 ] }, { "date": "2024-08-09", "close": 36.160488, "volume": 4454, "typical_volume": 3613.8, "trend": 34.019557, "fair_value": 34.198029, "relative_strength": 8.089999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.439111, "energy": 82.754396, "activity_lines": [ 35.810399, 35.319609, 34.671033, 34.375834 ] }, { "date": "2024-08-16", "close": 36.311329, "volume": 856, "typical_volume": 3540.8, "trend": 34.121175, "fair_value": 34.19902, "relative_strength": 4.420829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.919409, "energy": 76.059099, "activity_lines": [ 36.015925, 35.571674, 34.864382, 34.52369 ] }, { "date": "2024-08-23", "close": 37.192833, "volume": 3026, "typical_volume": 3477.45, "trend": 34.244617, "fair_value": 34.206231, "relative_strength": 5.023348, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.593571, "energy": 88.004903, "activity_lines": [ 36.44992, 35.94056, 35.133988, 34.721861 ] }, { "date": "2024-08-30", "close": 37.551094, "volume": 4334, "typical_volume": 3561.15, "trend": 34.388485, "fair_value": 34.213022, "relative_strength": 3.878361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.528529, "energy": 91.69768, "activity_lines": [ 36.901514, 36.320245, 35.421384, 34.935182 ] }, { "date": "2024-09-06", "close": 37.595211, "volume": 4454, "typical_volume": 3304.9, "trend": 34.53768, "fair_value": 34.223927, "relative_strength": 7.379008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.300466, "energy": 89.920325, "activity_lines": [ 37.236138, 36.645299, 35.694836, 35.142068 ] }, { "date": "2024-09-13", "close": 38.979347, "volume": 10232, "typical_volume": 3762.8, "trend": 34.720981, "fair_value": 34.24414, "relative_strength": 10.314431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.912252, "energy": 95.458118, "activity_lines": [ 37.908524, 37.162417, 36.076607, 35.428627 ] }, { "date": "2024-09-20", "close": 38.237335, "volume": 3856, "typical_volume": 3884.95, "trend": 34.880474, "fair_value": 34.261644, "relative_strength": 7.508628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.559435, "energy": 84.632986, "activity_lines": [ 38.145648, 37.458231, 36.359812, 35.655489 ] }, { "date": "2024-09-27", "close": 38.636883, "volume": 5269, "typical_volume": 4081.5, "trend": 35.046961, "fair_value": 34.283946, "relative_strength": 5.567188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.429581, "energy": 76.585131, "activity_lines": [ 38.387554, 37.773845, 36.659344, 35.897838 ] }, { "date": "2024-10-04", "close": 38.023296, "volume": 5911, "typical_volume": 4176.05, "trend": 35.183051, "fair_value": 34.299259, "relative_strength": 7.294973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.030385, "energy": 65.732065, "activity_lines": [ 38.328661, 37.923873, 36.877855, 36.089859 ] }, { "date": "2024-10-11", "close": 37.989998, "volume": 3688, "typical_volume": 4303.2, "trend": 35.33744, "fair_value": 34.30658, "relative_strength": 4.937213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.276326, "energy": 61.519529, "activity_lines": [ 38.227189, 38.023349, 37.074552, 36.270953 ] }, { "date": "2024-10-18", "close": 38.969833, "volume": 33476, "typical_volume": 5814.6, "trend": 35.503683, "fair_value": 34.317918, "relative_strength": 4.849278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.291336, "energy": 64.382344, "activity_lines": [ 38.42601, 38.260086, 37.34169, 36.505301 ] }, { "date": "2024-10-25", "close": 38.536995, "volume": 1790, "typical_volume": 5776.9, "trend": 35.63174, "fair_value": 34.326071, "relative_strength": 4.864161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.881929, "energy": 55.568255, "activity_lines": [ 38.481185, 38.367046, 37.541704, 36.700998 ] }, { "date": "2024-11-01", "close": 37.485809, "volume": 3037, "typical_volume": 5833.9, "trend": 35.755814, "fair_value": 34.323365, "relative_strength": 2.289605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.059175, "energy": 42.624594, "activity_lines": [ 38.165988, 38.242414, 37.619627, 36.820616 ] }, { "date": "2024-11-08", "close": 38.627373, "volume": 3254, "typical_volume": 5936.0, "trend": 35.918716, "fair_value": 34.326475, "relative_strength": 7.897585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.883602, "energy": 45.298199, "activity_lines": [ 38.30805, 38.320013, 37.790643, 37.005877 ] }, { "date": "2024-11-15", "close": 38.556023, "volume": 2470, "typical_volume": 5957.0, "trend": 36.115264, "fair_value": 34.324571, "relative_strength": 6.348415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.621429, "energy": 42.634238, "activity_lines": [ 38.386057, 38.36507, 37.93333, 37.176026 ] }, { "date": "2024-11-22", "close": 39.459747, "volume": 4651, "typical_volume": 6152.4, "trend": 36.326563, "fair_value": 34.334082, "relative_strength": 10.840033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.247372, "energy": 50.96923, "activity_lines": [ 38.727571, 38.556972, 38.141901, 37.391799 ] }, { "date": "2024-11-29", "close": 39.726112, "volume": 3011, "typical_volume": 6208.5, "trend": 36.528264, "fair_value": 34.346855, "relative_strength": 11.615552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.277943, "energy": 60.316774, "activity_lines": [ 39.125211, 38.788569, 38.350927, 37.611125 ] }, { "date": "2024-12-06", "close": 38.456963, "volume": 4878, "typical_volume": 6363.95, "trend": 36.680362, "fair_value": 34.346336, "relative_strength": 3.823395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.898465, "energy": 48.136267, "activity_lines": [ 39.020528, 38.762342, 38.418151, 37.735557 ] }, { "date": "2024-12-13", "close": 38.102474, "volume": 5739, "typical_volume": 6507.0, "trend": 36.8135, "fair_value": 34.340581, "relative_strength": 2.526351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.633535, "energy": 41.139387, "activity_lines": [ 38.732938, 38.674935, 38.438322, 37.827306 ] }, { "date": "2024-12-20", "close": 37.206676, "volume": 5881, "typical_volume": 5713.35, "trend": 36.947523, "fair_value": 34.329631, "relative_strength": 3.487045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.317204, "energy": 11.478524, "activity_lines": [ 38.181742, 38.423216, 38.361148, 37.852673 ] }, { "date": "2024-12-27", "close": 37.307274, "volume": 2560, "typical_volume": 5618.65, "trend": 37.07341, "fair_value": 34.31294, "relative_strength": 2.650934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 1.698844, "energy": 15.842653, "activity_lines": [ 37.754036, 38.204029, 38.286575, 37.875882 ] }, { "date": "2025-01-03", "close": 37.565952, "volume": 2937, "typical_volume": 5722.7, "trend": 37.194896, "fair_value": 34.304266, "relative_strength": 3.482855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.258531, "energy": 20.687108, "activity_lines": [ 37.556053, 38.062103, 38.231177, 37.907659 ] }, { "date": "2025-01-10", "close": 36.70369, "volume": 4143, "typical_volume": 5778.55, "trend": 37.278211, "fair_value": 34.29478, "relative_strength": -1.531424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.262905, "energy": 31.602183, "activity_lines": [ 37.21466, 37.781057, 38.087685, 37.875969 ] }, { "date": "2025-01-17", "close": 37.886906, "volume": 3738, "typical_volume": 5748.75, "trend": 37.404268, "fair_value": 34.294551, "relative_strength": -1.562756, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.034927, "energy": 21.83639, "activity_lines": [ 37.384558, 37.729362, 38.059209, 37.915239 ] }, { "date": "2025-01-24", "close": 37.628227, "volume": 7272, "typical_volume": 5889.65, "trend": 37.51463, "fair_value": 34.296803, "relative_strength": -1.942022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.151646, "energy": 15.324975, "activity_lines": [ 37.4826, 37.644098, 38.004497, 37.929688 ] }, { "date": "2025-01-31", "close": 38.413849, "volume": 10375, "typical_volume": 5896.8, "trend": 37.654166, "fair_value": 34.306558, "relative_strength": -0.586775, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.35523, "energy": 14.046987, "activity_lines": [ 37.814414, 37.718543, 38.02445, 37.987702 ] }, { "date": "2025-02-07", "close": 38.643787, "volume": 5262, "typical_volume": 5967.1, "trend": 37.764598, "fair_value": 34.316965, "relative_strength": -1.531781, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.362776, "energy": 24.459921, "activity_lines": [ 38.149101, 37.853811, 38.068995, 38.051549 ] }, { "date": "2025-02-14", "close": 39.261742, "volume": 15518, "typical_volume": 6479.55, "trend": 37.884472, "fair_value": 34.332649, "relative_strength": -2.348174, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.572318, "energy": 33.938592, "activity_lines": [ 38.617918, 38.121113, 38.170456, 38.148139 ] }, { "date": "2025-02-21", "close": 38.912045, "volume": 7937, "typical_volume": 6580.85, "trend": 37.995675, "fair_value": 34.344611, "relative_strength": -4.316121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.286749, "energy": 43.248831, "activity_lines": [ 38.799632, 38.310202, 38.235638, 38.214434 ] }, { "date": "2025-02-28", "close": 39.625805, "volume": 8733, "typical_volume": 6833.1, "trend": 38.12517, "fair_value": 34.355531, "relative_strength": -3.157202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.431928, "energy": 62.663412, "activity_lines": [ 39.150924, 38.614345, 38.364565, 38.319604 ] }, { "date": "2025-03-07", "close": 37.394077, "volume": 16409, "typical_volume": 5979.75, "trend": 38.166289, "fair_value": 34.350107, "relative_strength": -8.386136, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.731741, "energy": 25.137506, "activity_lines": [ 38.625134, 38.468736, 38.273157, 38.272436 ] }, { "date": "2025-03-14", "close": 36.471901, "volume": 8174, "typical_volume": 6298.95, "trend": 38.171642, "fair_value": 34.335546, "relative_strength": -10.724888, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.960607, "energy": 24.343556, "activity_lines": [ 37.859937, 38.15388, 38.101426, 38.163121 ] }, { "date": "2025-03-21", "close": 36.925747, "volume": 4806, "typical_volume": 6387.4, "trend": 38.162739, "fair_value": 34.322682, "relative_strength": -10.425205, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.360039, "energy": 41.512881, "activity_lines": [ 37.390815, 37.941434, 37.982752, 38.082741 ] }, { "date": "2025-03-28", "close": 37.171978, "volume": 5510, "typical_volume": 6500.2, "trend": 38.150102, "fair_value": 34.306051, "relative_strength": -9.072202, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.647251, "energy": 45.602889, "activity_lines": [ 37.159503, 37.769719, 37.890196, 38.018821 ] }, { "date": "2025-04-04", "close": 35.033104, "volume": 3413, "typical_volume": 6547.35, "trend": 38.064698, "fair_value": 34.272512, "relative_strength": -4.220615, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.813455, "energy": 78.28005, "activity_lines": [ 36.331237, 37.222117, 37.600868, 37.817724 ] }, { "date": "2025-04-11", "close": 33.140469, "volume": 11041, "typical_volume": 6866.85, "trend": 37.870069, "fair_value": 34.226923, "relative_strength": -7.69883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.511459, "energy": 88.083771, "activity_lines": [ 35.178273, 36.377584, 37.148064, 37.500032 ] }, { "date": "2025-04-18", "close": 35.235889, "volume": 1480, "typical_volume": 6790.3, "trend": 37.770021, "fair_value": 34.193609, "relative_strength": -7.214909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.214726, "energy": 77.726924, "activity_lines": [ 35.007356, 36.009915, 36.924917, 37.330085 ] }, { "date": "2025-04-25", "close": 35.588345, "volume": 4052, "typical_volume": 6749.0, "trend": 37.668403, "fair_value": 34.166357, "relative_strength": -9.6961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.502697, "energy": 73.950475, "activity_lines": [ 35.036325, 35.768291, 36.756718, 37.189331 ] }, { "date": "2025-05-02", "close": 36.370506, "volume": 5224, "typical_volume": 6723.25, "trend": 37.61331, "fair_value": 34.16093, "relative_strength": -9.985074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.191866, "energy": 47.2749, "activity_lines": [ 35.415175, 35.735668, 36.676672, 37.105596 ] }, { "date": "2025-05-09", "close": 36.452579, "volume": 12252, "typical_volume": 7041.8, "trend": 37.562063, "fair_value": 34.160383, "relative_strength": -12.0862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.25976, "energy": 27.735657, "activity_lines": [ 35.874813, 35.764176, 36.612689, 37.03071 ] }, { "date": "2025-05-16", "close": 36.83884, "volume": 5783, "typical_volume": 7202.95, "trend": 37.491029, "fair_value": 34.16854, "relative_strength": -13.87462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.176158, "energy": 21.656944, "activity_lines": [ 36.368574, 35.920609, 36.589084, 36.984051 ] }, { "date": "2025-05-23", "close": 35.689732, "volume": 4155, "typical_volume": 7263.85, "trend": 37.396121, "fair_value": 34.1628, "relative_strength": -13.973531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.497104, "energy": 22.105228, "activity_lines": [ 36.232741, 35.878208, 36.45827, 36.867838 ] }, { "date": "2025-05-30", "close": 36.457417, "volume": 7020, "typical_volume": 7407.7, "trend": 37.361841, "fair_value": 34.166154, "relative_strength": -13.365352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.090339, "energy": 19.02466, "activity_lines": [ 36.322546, 35.989608, 36.409504, 36.807276 ] }, { "date": "2025-06-06", "close": 36.350571, "volume": 4589, "typical_volume": 7450.25, "trend": 37.285948, "fair_value": 34.177782, "relative_strength": -14.584416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.126631, "energy": 16.663013, "activity_lines": [ 36.318799, 36.090096, 36.351735, 36.742033 ] }, { "date": "2025-06-13", "close": 35.916256, "volume": 1090, "typical_volume": 7141.15, "trend": 37.197955, "fair_value": 34.194861, "relative_strength": -12.898223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.390278, "energy": 21.018653, "activity_lines": [ 36.171608, 36.126553, 36.259918, 36.653666 ] }, { "date": "2025-06-20", "close": 36.116337, "volume": 1526, "typical_volume": 6698.7, "trend": 37.086508, "fair_value": 34.206378, "relative_strength": -11.781006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.432909, "energy": 20.743126, "activity_lines": [ 36.126866, 36.18333, 36.195309, 36.583884 ] }, { "date": "2025-06-27", "close": 35.686901, "volume": 2415, "typical_volume": 6556.35, "trend": 36.951868, "fair_value": 34.215059, "relative_strength": -13.732793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.691999, "energy": 23.630944, "activity_lines": [ 35.987145, 36.107922, 36.100742, 36.493587 ] }, { "date": "2025-07-04", "close": 35.6381, "volume": 4010, "typical_volume": 5980.95, "trend": 36.857906, "fair_value": 34.217696, "relative_strength": -13.417727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.868864, "energy": 33.177259, "activity_lines": [ 35.831347, 36.01544, 36.015608, 36.408828 ] }, { "date": "2025-07-11", "close": 35.594185, "volume": 3166, "typical_volume": 5742.4, "trend": 36.774296, "fair_value": 34.220246, "relative_strength": -14.296424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.434063, "energy": 45.508859, "activity_lines": [ 35.715531, 35.91407, 35.943546, 36.327297 ] }, { "date": "2025-07-18", "close": 35.89674, "volume": 1672, "typical_volume": 5389.35, "trend": 36.730632, "fair_value": 34.218392, "relative_strength": -13.826747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.861671, "energy": 46.766363, "activity_lines": [ 35.750992, 35.881824, 35.916099, 36.270681 ] }, { "date": "2025-07-25", "close": 35.940659, "volume": 4690, "typical_volume": 4803.4, "trend": 36.685078, "fair_value": 34.208305, "relative_strength": -14.327864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.612762, "energy": 37.458617, "activity_lines": [ 35.802394, 35.86767, 35.910592, 36.219715 ] }, { "date": "2025-08-01", "close": 35.701546, "volume": 12640, "typical_volume": 5026.7, "trend": 36.622931, "fair_value": 34.20239, "relative_strength": -12.867768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.553568, "energy": 28.057573, "activity_lines": [ 35.785804, 35.826371, 35.889233, 36.156261 ] }, { "date": "2025-08-08", "close": 36.311535, "volume": 3179, "typical_volume": 4945.35, "trend": 36.609859, "fair_value": 34.191175, "relative_strength": -14.532805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.673881, "energy": 12.115495, "activity_lines": [ 35.971567, 35.895764, 35.929637, 36.136171 ] }, { "date": "2025-08-15", "close": 36.072418, "volume": 2832, "typical_volume": 4811.45, "trend": 36.549376, "fair_value": 34.179345, "relative_strength": -16.748602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.549146, "energy": 13.834464, "activity_lines": [ 36.032728, 35.924334, 35.950193, 36.101497 ] }, { "date": "2025-08-22", "close": 37.155758, "volume": 5036, "typical_volume": 4892.6, "trend": 36.533627, "fair_value": 34.180526, "relative_strength": -15.149844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.751031, "energy": 17.657045, "activity_lines": [ 36.423121, 36.154932, 36.079159, 36.140619 ] }, { "date": "2025-08-29", "close": 36.921524, "volume": 2392, "typical_volume": 4460.15, "trend": 36.483883, "fair_value": 34.18666, "relative_strength": -13.099348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.354872, "energy": 42.510117, "activity_lines": [ 36.651501, 36.320406, 36.17571, 36.165644 ] }, { "date": "2025-09-05", "close": 36.953377, "volume": 3673, "typical_volume": 4569.8, "trend": 36.427536, "fair_value": 34.189316, "relative_strength": -11.387103, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.355032, "energy": 53.557531, "activity_lines": [ 36.825108, 36.477032, 36.25729, 36.195934 ] }, { "date": "2025-09-12", "close": 37.461006, "volume": 5840, "typical_volume": 4659.2, "trend": 36.367512, "fair_value": 34.194632, "relative_strength": -11.715332, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.909856, "energy": 66.997867, "activity_lines": [ 37.08447, 36.702927, 36.379036, 36.26261 ] }, { "date": "2025-09-19", "close": 37.012512, "volume": 4752, "typical_volume": 4635.6, "trend": 36.304194, "fair_value": 34.21746, "relative_strength": -11.810068, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.460868, "energy": 66.138292, "activity_lines": [ 37.117701, 36.814133, 36.449152, 36.304223 ] }, { "date": "2025-09-26", "close": 37.150509, "volume": 4895, "typical_volume": 4267.75, "trend": 36.221684, "fair_value": 34.248563, "relative_strength": -11.761466, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.967571, "energy": 62.202203, "activity_lines": [ 37.134259, 36.924643, 36.529353, 36.358824 ] }, { "date": "2025-10-03", "close": 37.559574, "volume": 3771, "typical_volume": 4167.15, "trend": 36.227201, "fair_value": 34.286337, "relative_strength": -11.598106, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.073371, "energy": 63.281316, "activity_lines": [ 37.287522, 37.086732, 36.645189, 36.445139 ] }, { "date": "2025-10-10", "close": 36.933662, "volume": 3252, "typical_volume": 4122.0, "trend": 36.242593, "fair_value": 34.321827, "relative_strength": -10.167061, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.699689, "energy": 38.381224, "activity_lines": [ 37.189611, 37.105584, 36.697982, 36.490717 ] }, { "date": "2025-10-17", "close": 37.65321, "volume": 3794, "typical_volume": 3960.7, "trend": 36.266841, "fair_value": 34.363939, "relative_strength": -7.407077, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.029086, "energy": 43.511142, "activity_lines": [ 37.332863, 37.232861, 36.81338, 36.581725 ] }, { "date": "2025-10-24", "close": 38.318546, "volume": 2278, "typical_volume": 3845.15, "trend": 36.30506, "fair_value": 34.401991, "relative_strength": -7.008986, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.946405, "energy": 55.492553, "activity_lines": [ 37.685081, 37.456713, 36.986449, 36.714093 ] }, { "date": "2025-10-31", "close": 37.372292, "volume": 5906, "typical_volume": 4085.95, "trend": 36.383033, "fair_value": 34.436158, "relative_strength": -10.367704, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.965241, "energy": 41.960559, "activity_lines": [ 37.634811, 37.467681, 37.060028, 36.782947 ] }, { "date": "2025-11-07", "close": 37.559574, "volume": 4341, "typical_volume": 4226.7, "trend": 36.530337, "fair_value": 34.46422, "relative_strength": -8.894535, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.387531, "energy": 46.38555, "activity_lines": [ 37.632184, 37.508764, 37.144509, 36.858853 ] }, { "date": "2025-11-14", "close": 37.579285, "volume": 4074, "typical_volume": 4309.65, "trend": 36.60845, "fair_value": 34.496769, "relative_strength": -10.588666, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.079793, "energy": 38.928168, "activity_lines": [ 37.636127, 37.541829, 37.223995, 36.926527 ] }, { "date": "2025-11-21", "close": 37.741924, "volume": 2697, "typical_volume": 4244.0, "trend": 36.680236, "fair_value": 34.527387, "relative_strength": -6.845708, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.829314, "energy": 34.437469, "activity_lines": [ 37.651241, 37.593085, 37.30996, 36.999654 ] }, { "date": "2025-11-28", "close": 38.545254, "volume": 3663, "typical_volume": 4268.85, "trend": 36.752727, "fair_value": 34.564798, "relative_strength": -5.816085, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.612471, "energy": 46.2844, "activity_lines": [ 37.928217, 37.785293, 37.462413, 37.119978 ] }, { "date": "2025-12-05", "close": 37.884212, "volume": 3419, "typical_volume": 4356.2, "trend": 36.800449, "fair_value": 34.598718, "relative_strength": -7.149831, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.947537, "energy": 39.02813, "activity_lines": [ 37.969733, 37.829444, 37.537858, 37.192977 ] }, { "date": "2025-12-12", "close": 37.193962, "volume": 3171, "typical_volume": 4280.25, "trend": 36.812286, "fair_value": 34.63515, "relative_strength": -8.566999, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.464239, "energy": 29.992323, "activity_lines": [ 37.747037, 37.734754, 37.5381, 37.218365 ] }, { "date": "2025-12-19", "close": 37.655785, "volume": 4418, "typical_volume": 3869.15, "trend": 36.877821, "fair_value": 34.676114, "relative_strength": -9.519538, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.437294, "energy": 24.49212, "activity_lines": [ 37.702656, 37.73068, 37.576357, 37.272784 ] }, { "date": "2025-12-26", "close": 37.243622, "volume": 1256, "typical_volume": 3773.0, "trend": 36.904028, "fair_value": 34.71455, "relative_strength": -9.726813, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.368052, "energy": 15.694367, "activity_lines": [ 37.515788, 37.638538, 37.566055, 37.296384 ] }, { "date": "2026-01-02", "close": 37.268452, "volume": 2234, "typical_volume": 3743.1, "trend": 36.934624, "fair_value": 34.749576, "relative_strength": -10.674737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.236005, "energy": 16.29106, "activity_lines": [ 37.370416, 37.558358, 37.553679, 37.319895 ] }, { "date": "2026-01-09", "close": 38.311272, "volume": 3510, "typical_volume": 3666.8, "trend": 37.014458, "fair_value": 34.786348, "relative_strength": -8.470024, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.659289, "energy": 19.996372, "activity_lines": [ 37.657771, 37.686873, 37.634923, 37.408711 ] }, { "date": "2026-01-16", "close": 39.160427, "volume": 4582, "typical_volume": 3776.3, "trend": 37.115927, "fair_value": 34.829676, "relative_strength": -6.233311, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.304568, "energy": 50.505663, "activity_lines": [ 38.199707, 37.952708, 37.791538, 37.547161 ] }, { "date": "2026-01-23", "close": 37.948765, "volume": 1978, "typical_volume": 3691.55, "trend": 37.191323, "fair_value": 34.858643, "relative_strength": -6.79331, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.103619, "energy": 46.824992, "activity_lines": [ 38.206658, 37.969135, 37.822094, 37.600892 ] }, { "date": "2026-01-30", "close": 37.809723, "volume": 3363, "typical_volume": 3567.7, "trend": 37.26371, "fair_value": 34.882093, "relative_strength": -8.11907, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.410206, "energy": 49.549907, "activity_lines": [ 38.14773, 37.953563, 37.834668, 37.640789 ] }, { "date": "2026-02-06", "close": 38.981655, "volume": 3475, "typical_volume": 3503.85, "trend": 37.376626, "fair_value": 34.915739, "relative_strength": -5.605964, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.684113, "energy": 60.400307, "activity_lines": [ 38.441706, 38.149837, 37.957195, 37.751624 ] }, { "date": "2026-02-13", "close": 40.27277, "volume": 7805, "typical_volume": 3649.35, "trend": 37.522494, "fair_value": 34.960088, "relative_strength": -1.211199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.672359, "energy": 70.54147, "activity_lines": [ 39.05184, 38.572925, 38.193308, 37.938472 ] }, { "date": "2026-02-20", "close": 40.66507, "volume": 10555, "typical_volume": 3988.55, "trend": 37.679974, "fair_value": 35.009207, "relative_strength": -2.196732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.826354, "energy": 84.090482, "activity_lines": [ 39.661974, 39.023911, 38.451914, 38.141219 ] }, { "date": "2026-02-27", "close": 41.270897, "volume": 5598, "typical_volume": 4105.85, "trend": 37.865619, "fair_value": 35.061819, "relative_strength": -1.971231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.101642, "energy": 93.262962, "activity_lines": [ 40.373741, 39.521937, 38.753431, 38.372892 ] }, { "date": "2026-03-06", "close": 40.619999, "volume": 3520, "typical_volume": 4092.15, "trend": 38.009235, "fair_value": 35.119585, "relative_strength": 3.274158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.507614, "energy": 87.263552, "activity_lines": [ 40.647066, 39.835889, 38.972304, 38.550594 ] }, { "date": "2026-03-13", "close": 40.16, "volume": 5246, "typical_volume": 4240.55, "trend": 38.145487, "fair_value": 35.179757, "relative_strength": 1.806512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.839246, "energy": 83.796092, "activity_lines": [ 40.579706, 40.004816, 39.13324, 38.689353 ] }, { "date": "2026-03-20", "close": 38.470001, "volume": 7725, "typical_volume": 4331.5, "trend": 38.189295, "fair_value": 35.236639, "relative_strength": 0.98692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.742104, "energy": 43.496474, "activity_lines": [ 39.870458, 39.813896, 39.124454, 38.710289 ] }, { "date": "2026-03-27", "close": 37.855, "volume": 5894, "typical_volume": 4409.15, "trend": 38.220411, "fair_value": 35.281432, "relative_strength": -1.675183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.080873, "energy": 17.06165, "activity_lines": [ 39.076393, 39.508273, 39.05187, 38.688722 ] }, { "date": "2026-04-03", "close": 38.65134, "volume": 5790, "typical_volume": 4494.95, "trend": 38.27701, "fair_value": 35.332566, "relative_strength": -4.208604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.254943, "energy": 25.349138, "activity_lines": [ 38.735113, 39.371173, 39.053721, 38.716523 ] }, { "date": "2026-04-10", "close": 39.16082, "volume": 1316, "typical_volume": 4425.9, "trend": 38.33367, "fair_value": 35.387917, "relative_strength": -6.683299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.223107, "energy": 25.99196, "activity_lines": [ 38.738297, 39.313932, 39.098989, 38.773543 ] }, { "date": "2026-04-17", "close": 40.450001, "volume": 3804, "typical_volume": 4432.95, "trend": 38.448253, "fair_value": 35.449258, "relative_strength": -5.784906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.978917, "energy": 25.085075, "activity_lines": [ 39.268487, 39.466522, 39.26028, 38.910081 ] }, { "date": "2026-04-24", "close": 39.818695, "volume": 1476, "typical_volume": 4335.8, "trend": 38.537193, "fair_value": 35.503673, "relative_strength": -4.649766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.055292, "energy": 30.177799, "activity_lines": [ 39.568908, 39.477632, 39.352376, 38.998496 ] }, { "date": "2026-05-01", "close": 39.902782, "volume": 2768, "typical_volume": 4315.65, "trend": 38.6153, "fair_value": 35.558943, "relative_strength": -5.363828, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.54248, "energy": 42.761563, "activity_lines": [ 39.807445, 39.512287, 39.443268, 39.086599 ] }, { "date": "2026-05-08", "close": 40.056126, "volume": 7472, "typical_volume": 4468.35, "trend": 38.719382, "fair_value": 35.615887, "relative_strength": -6.780042, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.926755, "energy": 52.913287, "activity_lines": [ 39.960578, 39.588682, 39.535865, 39.179555 ] }, { "date": "2026-05-15", "close": 39.47739, "volume": 5133, "typical_volume": 4662.2, "trend": 38.780188, "fair_value": 35.670705, "relative_strength": -7.592782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.942917, "energy": 39.441967, "activity_lines": [ 39.827146, 39.581939, 39.561915, 39.228459 ] }, { "date": "2026-05-22", "close": 39.981926, "volume": 4202, "typical_volume": 4760.6, "trend": 38.835634, "fair_value": 35.73132, "relative_strength": -6.959774, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.503536, "energy": 32.488214, "activity_lines": [ 39.840788, 39.687704, 39.625378, 39.305991 ] }, { "date": "2026-05-29", "close": 39.970001, "volume": 5183, "typical_volume": 4844.25, "trend": 38.922224, "fair_value": 35.785812, "relative_strength": -7.739104, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.620757, "energy": 30.081132, "activity_lines": [ 39.881661, 39.794539, 39.674785, 39.379176 ] }, { "date": "2026-06-05", "close": 39.735001, "volume": 643, "typical_volume": 4647.3, "trend": 38.994739, "fair_value": 35.837184, "relative_strength": -7.814354, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.098488, "energy": 24.540336, "activity_lines": [ 39.834113, 39.831374, 39.693911, 39.431613 ] }, { "date": "2026-06-12", "close": 40.834999, "volume": 203, "typical_volume": 4558.55, "trend": 39.103262, "fair_value": 35.896335, "relative_strength": -7.972028, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.353204, "energy": 39.509216, "activity_lines": [ 40.164416, 40.034027, 39.815064, 39.550339 ] }, { "date": "2026-06-19", "close": 39.860001, "volume": 473, "typical_volume": 4414.05, "trend": 39.173865, "fair_value": 35.957186, "relative_strength": -12.141156, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.622036, "energy": 31.511183, "activity_lines": [ 40.117795, 40.019705, 39.829615, 39.599161 ] }, { "date": "2026-06-26", "close": 41.84, "volume": 4888, "typical_volume": 4484.7, "trend": 39.28369, "fair_value": 36.026099, "relative_strength": -4.75277, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.968817, "energy": 65.723437, "activity_lines": [ 40.705667, 40.35267, 40.022975, 39.77117 ] }, { "date": "2026-07-03", "close": 41.91, "volume": 1374, "typical_volume": 4163.15, "trend": 39.417883, "fair_value": 36.094121, "relative_strength": -7.179608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.877663, "energy": 79.71608, "activity_lines": [ 41.193, 40.673089, 40.20939, 39.940609 ] }, { "date": "2026-07-10", "close": 41.419998, "volume": 6275, "typical_volume": 3949.15, "trend": 39.558751, "fair_value": 36.157285, "relative_strength": -7.697941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.560611, "energy": 73.15184, "activity_lines": [ 41.387666, 40.866394, 40.341342, 40.069778 ] }, { "date": "2026-07-17", "close": 43.009998, "volume": 4343, "typical_volume": 3886.4, "trend": 39.737224, "fair_value": 36.226447, "relative_strength": -2.667527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.180372, "energy": 88.5236, "activity_lines": [ 41.999999, 41.321204, 40.621128, 40.292439 ] }, { "date": "2026-07-24", "close": 43.294998, "volume": 19753, "typical_volume": 4698.05, "trend": 39.938937, "fair_value": 36.297902, "relative_strength": -1.767631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.714997, "energy": 90.887992, "activity_lines": [ 42.562332, 41.774125, 40.919775, 40.521973 ] }, { "date": "2026-07-31", "close": 42.165001, "volume": 7296, "typical_volume": 4800.55, "trend": 40.102155, "fair_value": 36.365463, "relative_strength": -4.827569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.897112, "energy": 73.839682, "activity_lines": [ 42.518999, 41.952181, 41.098065, 40.66559 ] }, { "date": "2026-08-07", "close": 41.830002, "volume": 7720, "typical_volume": 4800.3, "trend": 40.219446, "fair_value": 36.431458, "relative_strength": -8.102619, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.581535, "energy": 59.29076, "activity_lines": [ 42.342333, 42.029636, 41.234903, 40.777064 ] } ], "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." } } }