{ "ticker": { "uuid": "5a488657-89b3-4357-83a6-7028f4f68649", "symbol": "SEPP", "name": "PGIM S&P 500 BUFFER 12 ETF - SEPTEMBER", "exchange": "CBOE", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 60.355, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.19, "architecture_energy": 75.51, "architecture_maturity": 34.139, "architecture_confidence": 77.7, "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": 16.3, "rotation_up": 71.31, "upward_expansion": 93.91, "deceleration": 42.52, "rotation_down": 19.17, "downward_expansion": 15.91 }, "activity_lines": [ 32.79726, 32.592811, 32.317339, 31.930155 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 1.0 }, "latest_close": 33.035, "trend_reference": 31.487537, "distance_from_trend": 0.049145, "trend_direction": "Improving", "fair_value": 28.508227, "distance_from_fair_value": 0.158788, "fair_value_direction": "Improving", "relative_strength": -4.581783, "relative_strength_direction": "Improving", "price_momentum": 0.070032, "excess_performance": -0.055593, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049145, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022421, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.158788, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.021903, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.045818, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00276, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.070032, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.340761, "read": "Demand-led" } ], "volume": { "latest": 26114, "relative_activity": 1.304086, "balance": 1.340761, "dry_up": 1.202599, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.014361, "annualized_volatility": 0.090537, "from_high_reference": -0.019151, "from_low_reference": 0.142356 }, "levels": { "trend_reference": 31.487537, "fair_value_reference": 28.508227, "structural_low": 29.4866, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.015152, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.000389, "regime_survival": 0.875, "best_return": 0.035289, "worst_return": -0.027945, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.037821, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.029039, "regime_survival": 1.0, "best_return": 0.038163, "worst_return": 0.037479, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.077073, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.060806, "regime_survival": 1.0, "best_return": 0.077073, "worst_return": 0.077073, "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": "2026-03-27", "tenure": "Established", "return": -0.006696, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.022146, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.002013, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.039654, "active": true } ], "chart_path": [ { "date": "2024-05-17", "close": 25.1222, "volume": 32, "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": 25.1674, "volume": 4, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 25.1443, "volume": 1, "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": 25.2793, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 25.4119, "volume": 22936, "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": 25.48, "volume": 5553, "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": 25.5212, "volume": 2419, "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": 25.645, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 25.7149, "volume": 8000, "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": 25.6144, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 25.5736, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 25.4177, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 25.4734, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 25.859, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 25.96, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 25.995, "volume": 4381, "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": 25.32, "volume": 105548, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 25.9865, "volume": 9427, "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": 26.2164, "volume": 1780, "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": 26.3182, "volume": 4608, "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": 26.334, "volume": 651, "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": 26.4851, "volume": 2820, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 26.6311, "volume": 420, "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": 26.5026, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 26.3327, "volume": 1000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 26.985, "volume": 58, "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": 26.6616, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 26.9286, "volume": 1862, "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": 27.1251, "volume": 4000, "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": 27.215, "volume": 5, "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": 27.1555, "volume": 20, "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": 26.8644, "volume": 276, "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": 27.0315, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 27.0042, "volume": 10, "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": 26.7261, "volume": 954, "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": 27.2019, "volume": 3178, "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": 27.4216, "volume": 2500, "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": 27.3428, "volume": 1232, "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": 27.3399, "volume": 1544, "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": 27.59, "volume": 23401, "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": 27.378, "volume": 1305, "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": 27.233, "volume": 744, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 26.779, "volume": 2849, "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": 26.4263, "volume": 1880, "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": 26.487, "volume": 811, "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": 26.2601, "volume": 836, "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": 24.7218, "volume": 21631, "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": 25.5459, "volume": 5202, "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": 25.3593, "volume": 3925, "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": 26.0826, "volume": 5007, "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": 26.5649, "volume": 76624, "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": 26.5161, "volume": 6871, "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": 27.3522, "volume": 144365, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 26.9248, "volume": 1099, "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": 27.2652, "volume": 150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 27.5766, "volume": 14135, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 27.4815, "volume": 144, "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": 27.5166, "volume": 794, "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": 28.1588, "volume": 2258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 28.445, "volume": 4052, "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": 28.4497, "volume": 3010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 28.584, "volume": 68, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 28.8358, "volume": 14435, "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": 28.4806, "volume": 3671, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 28.9578, "volume": 756, "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": 29.135, "volume": 3007, "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": 29.2608, "volume": 4452, "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": 29.365, "volume": 30660, "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": 29.4568, "volume": 84970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 29.7289, "volume": 25086, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 29.8712, "volume": 37179, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 29.8302, "volume": 15529, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 30.015, "volume": 20376, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 29.5728, "volume": 721, "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": 29.8919, "volume": 2672, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 30.2155, "volume": 7396, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 30.2294, "volume": 5403, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 30.0204, "volume": 25743, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 30.032, "volume": 6786, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 29.7473, "volume": 3239, "typical_volume": 14757.95, "trend": 28.782727, "fair_value": 27.210674, "relative_strength": -1.918328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.716362, "energy": 53.460074, "activity_lines": [ 29.973333, 29.966369, 29.762855, 29.39467 ] }, { "date": "2025-11-28", "close": 30.355, "volume": 4172, "typical_volume": 14816.05, "trend": 28.909063, "fair_value": 27.249493, "relative_strength": -3.436106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.042721, "energy": 55.144114, "activity_lines": [ 30.07536, 30.041356, 29.845807, 29.496107 ] }, { "date": "2025-12-05", "close": 30.4602, "volume": 4017, "typical_volume": 15013.5, "trend": 29.040533, "fair_value": 27.288648, "relative_strength": -3.390327, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.17378, "energy": 59.622607, "activity_lines": [ 30.203153, 30.126675, 29.929705, 29.59618 ] }, { "date": "2025-12-12", "close": 30.4334, "volume": 4887, "typical_volume": 14536.1, "trend": 29.14324, "fair_value": 27.326536, "relative_strength": -2.884448, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.918142, "energy": 60.126532, "activity_lines": [ 30.306627, 30.195665, 30.002117, 29.686043 ] }, { "date": "2025-12-19", "close": 30.5061, "volume": 2424, "typical_volume": 14473.75, "trend": 29.262617, "fair_value": 27.364388, "relative_strength": -2.723078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.588449, "energy": 67.386117, "activity_lines": [ 30.4068, 30.270267, 30.073844, 29.773969 ] }, { "date": "2025-12-26", "close": 30.7296, "volume": 17758, "typical_volume": 15323.85, "trend": 29.378097, "fair_value": 27.403979, "relative_strength": -3.331781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.497315, "energy": 81.28462, "activity_lines": [ 30.549867, 30.368536, 30.157212, 29.868613 ] }, { "date": "2026-01-02", "close": 30.64, "volume": 13530, "typical_volume": 15850.0, "trend": 29.48021, "fair_value": 27.441607, "relative_strength": -2.553238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.419948, "energy": 71.427386, "activity_lines": [ 30.59758, 30.435284, 30.22361, 29.950026 ] }, { "date": "2026-01-09", "close": 30.8583, "volume": 16092, "typical_volume": 16432.0, "trend": 29.59277, "fair_value": 27.480879, "relative_strength": -3.31458, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.830545, "energy": 79.426556, "activity_lines": [ 30.69906, 30.534004, 30.303631, 30.038935 ] }, { "date": "2026-01-16", "close": 30.8449, "volume": 4664, "typical_volume": 15132.2, "trend": 29.703713, "fair_value": 27.519107, "relative_strength": -2.96067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.272911, "energy": 80.108688, "activity_lines": [ 30.769533, 30.618853, 30.37477, 30.119718 ] }, { "date": "2026-01-23", "close": 30.8029, "volume": 10426, "typical_volume": 11405.0, "trend": 29.79185, "fair_value": 27.556003, "relative_strength": -2.712877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.705256, "energy": 64.272987, "activity_lines": [ 30.798573, 30.681075, 30.43486, 30.190633 ] }, { "date": "2026-01-30", "close": 30.8462, "volume": 21613, "typical_volume": 11231.35, "trend": 29.87189, "fair_value": 27.592561, "relative_strength": -2.905468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.436469, "energy": 64.655449, "activity_lines": [ 30.82226, 30.737153, 30.492665, 30.258656 ] }, { "date": "2026-02-06", "close": 30.8729, "volume": 31563, "typical_volume": 10950.55, "trend": 29.952663, "fair_value": 27.628609, "relative_strength": -2.576872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.755456, "energy": 60.202174, "activity_lines": [ 30.847073, 30.778105, 30.547692, 30.323237 ] }, { "date": "2026-02-13", "close": 30.6511, "volume": 10596, "typical_volume": 10703.9, "trend": 30.021567, "fair_value": 27.661462, "relative_strength": -1.984585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.785975, "energy": 48.566467, "activity_lines": [ 30.782427, 30.769315, 30.576826, 30.368298 ] }, { "date": "2026-02-20", "close": 30.8622, "volume": 3983, "typical_volume": 9884.25, "trend": 30.089113, "fair_value": 27.695878, "relative_strength": -2.351429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.456279, "energy": 48.851807, "activity_lines": [ 30.80196, 30.795435, 30.622155, 30.422532 ] }, { "date": "2026-02-27", "close": 30.7902, "volume": 6882, "typical_volume": 10192.3, "trend": 30.1661, "fair_value": 27.728797, "relative_strength": -2.029667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.613634, "energy": 40.594243, "activity_lines": [ 30.79634, 30.800667, 30.656592, 30.467763 ] }, { "date": "2026-03-06", "close": 30.4545, "volume": 8429, "typical_volume": 10480.15, "trend": 30.21599, "fair_value": 27.757488, "relative_strength": -1.063753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.877414, "energy": 22.66315, "activity_lines": [ 30.679667, 30.739698, 30.653261, 30.48637 ] }, { "date": "2026-03-13", "close": 30.2079, "volume": 3141, "typical_volume": 10267.4, "trend": 30.251753, "fair_value": 27.783014, "relative_strength": -0.290507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.524951, "energy": 12.868762, "activity_lines": [ 30.506907, 30.638895, 30.623766, 30.485848 ] }, { "date": "2026-03-20", "close": 29.923, "volume": 9057, "typical_volume": 10450.1, "trend": 30.273827, "fair_value": 27.805075, "relative_strength": 0.637453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -21.665863, "energy": 32.514795, "activity_lines": [ 30.283513, 30.494147, 30.567173, 30.464638 ] }, { "date": "2026-03-27", "close": 29.5481, "volume": 19336, "typical_volume": 10129.75, "trend": 30.27993, "fair_value": 27.822861, "relative_strength": 1.69722, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -49.262548, "energy": 56.667559, "activity_lines": [ 29.983693, 30.298242, 30.476334, 30.417817 ] }, { "date": "2026-04-03", "close": 30.19, "volume": 4242, "typical_volume": 10002.55, "trend": 30.30437, "fair_value": 27.846772, "relative_strength": 0.607981, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.193549, "energy": 50.435017, "activity_lines": [ 29.985447, 30.242624, 30.448878, 30.412015 ] }, { "date": "2026-04-10", "close": 30.8586, "volume": 23770, "typical_volume": 11029.1, "trend": 30.342027, "fair_value": 27.87689, "relative_strength": -0.615972, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.41875, "energy": 18.104844, "activity_lines": [ 30.25008, 30.319713, 30.484346, 30.447772 ] }, { "date": "2026-04-17", "close": 31.5515, "volume": 25190, "typical_volume": 12080.0, "trend": 30.398037, "fair_value": 27.913272, "relative_strength": -2.598357, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 59.098632, "energy": 32.780224, "activity_lines": [ 30.71874, 30.522558, 30.580512, 30.525802 ] }, { "date": "2026-04-24", "close": 31.615, "volume": 16176, "typical_volume": 12687.95, "trend": 30.45753, "fair_value": 27.949564, "relative_strength": -2.773059, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.091553, "energy": 58.778957, "activity_lines": [ 31.118993, 30.724611, 30.677028, 30.604316 ] }, { "date": "2026-05-01", "close": 31.775, "volume": 24296, "typical_volume": 13658.4, "trend": 30.516197, "fair_value": 27.986704, "relative_strength": -3.055093, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.361102, "energy": 80.76094, "activity_lines": [ 31.45978, 30.938229, 30.783283, 30.689314 ] }, { "date": "2026-05-08", "close": 31.86, "volume": 22883, "typical_volume": 14681.35, "trend": 30.592437, "fair_value": 28.023947, "relative_strength": -4.85781, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.487989, "energy": 88.290964, "activity_lines": [ 31.68044, 31.150705, 30.891245, 30.776011 ] }, { "date": "2026-05-15", "close": 32.0497, "volume": 42502, "typical_volume": 15918.55, "trend": 30.664363, "fair_value": 28.062288, "relative_strength": -4.362335, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.260309, "energy": 91.177282, "activity_lines": [ 31.853, 31.378222, 31.010827, 30.870028 ] }, { "date": "2026-05-22", "close": 32.04, "volume": 34435, "typical_volume": 16963.8, "trend": 30.72518, "fair_value": 28.099813, "relative_strength": -5.057505, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.040958, "energy": 88.464847, "activity_lines": [ 31.94292, 31.574971, 31.123198, 30.958779 ] }, { "date": "2026-05-29", "close": 32.385, "volume": 8196, "typical_volume": 16569.0, "trend": 30.797033, "fair_value": 28.139862, "relative_strength": -5.250057, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.325754, "energy": 89.885362, "activity_lines": [ 32.115273, 31.801136, 31.26176, 31.065864 ] }, { "date": "2026-06-05", "close": 32.1752, "volume": 14512, "typical_volume": 17061.4, "trend": 30.86886, "fair_value": 28.177226, "relative_strength": -3.327193, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.121077, "energy": 79.763991, "activity_lines": [ 32.16636, 31.944393, 31.373071, 31.154778 ] }, { "date": "2026-06-12", "close": 32.2703, "volume": 7900, "typical_volume": 16935.1, "trend": 30.94347, "fair_value": 28.214777, "relative_strength": -3.464781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.967323, "energy": 70.06561, "activity_lines": [ 32.222467, 32.057175, 31.487104, 31.245194 ] }, { "date": "2026-06-19", "close": 32.4248, "volume": 851, "typical_volume": 15897.0, "trend": 31.03272, "fair_value": 28.25305, "relative_strength": -3.756788, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.720071, "energy": 77.119637, "activity_lines": [ 32.30272, 32.160224, 31.608864, 31.340763 ] }, { "date": "2026-06-26", "close": 31.48, "volume": 36412, "typical_volume": 16139.45, "trend": 31.07022, "fair_value": 28.282122, "relative_strength": -4.158706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.722586, "energy": 41.888112, "activity_lines": [ 32.043033, 32.063015, 31.633126, 31.36962 ] }, { "date": "2026-07-03", "close": 32.4984, "volume": 15254, "typical_volume": 16372.35, "trend": 31.13816, "fair_value": 28.319767, "relative_strength": -3.058383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.46279, "energy": 49.115042, "activity_lines": [ 32.160147, 32.152269, 31.751488, 31.461761 ] }, { "date": "2026-07-10", "close": 32.68, "volume": 8213, "typical_volume": 16583.85, "trend": 31.213047, "fair_value": 28.358353, "relative_strength": -3.713181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.645169, "energy": 54.904063, "activity_lines": [ 32.330233, 32.25848, 31.878348, 31.561234 ] }, { "date": "2026-07-17", "close": 32.52, "volume": 27682, "typical_volume": 17623.85, "trend": 31.280177, "fair_value": 28.394859, "relative_strength": -2.585767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.866088, "energy": 52.665201, "activity_lines": [ 32.413333, 32.319145, 31.981313, 31.645554 ] }, { "date": "2026-07-24", "close": 32.5909, "volume": 17003, "typical_volume": 18052.55, "trend": 31.34222, "fair_value": 28.431346, "relative_strength": -1.727674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.4172, "energy": 71.336073, "activity_lines": [ 32.50342, 32.380702, 32.082794, 31.730117 ] }, { "date": "2026-07-31", "close": 32.8228, "volume": 25528, "typical_volume": 19171.9, "trend": 31.41498, "fair_value": 28.469203, "relative_strength": -2.001709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.193595, "energy": 76.879156, "activity_lines": [ 32.659733, 32.474582, 32.196188, 31.825638 ] }, { "date": "2026-08-07", "close": 33.035, "volume": 26114, "typical_volume": 20024.75, "trend": 31.487537, "fair_value": 28.508227, "relative_strength": -4.581783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.190453, "energy": 75.510233, "activity_lines": [ 32.79726, 32.592811, 32.317339, 31.930155 ] } ], "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." } } }