{ "ticker": { "uuid": "61c35d40-1b88-4950-add8-66a3af095f3a", "symbol": "HEZU", "name": "ISHARES TRUST CURRENCY HEDGED MSCI EUROZONE ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.39, "architecture_energy": 55.245, "architecture_maturity": 100.0, "architecture_confidence": 80.804, "architecture_tenure": "Extended", "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": 10.99, "rotation_up": 57.27, "upward_expansion": 81.21, "deceleration": 58.57, "rotation_down": 23.95, "downward_expansion": 7.88 }, "activity_lines": [ 49.183333, 48.923332, 48.030396, 47.238893 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 50.27, "trend_reference": 46.443634, "distance_from_trend": 0.082387, "trend_direction": "Improving", "fair_value": 37.937528, "distance_from_fair_value": 0.325073, "fair_value_direction": "Improving", "relative_strength": 0.304031, "relative_strength_direction": "Improving", "price_momentum": 0.095207, "excess_performance": -0.030418, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082387, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038944, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325073, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.063962, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00304, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.045852, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.095207, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.885144, "read": "Supply-led" } ], "volume": { "latest": 128689, "relative_activity": 0.525982, "balance": 0.885144, "dry_up": 0.360599, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.026782, "annualized_volatility": 0.175662, "from_high_reference": -0.01412, "from_low_reference": 0.263759 }, "levels": { "trend_reference": 46.443634, "fair_value_reference": 37.937528, "structural_low": 41.98, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 42, "median_return": 0.008884, "positive_rate": 0.619048, "directional_follow_through": 0.619048, "median_excess_return": -0.006435, "regime_survival": 0.809524, "best_return": 0.087512, "worst_return": -0.095615, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.014036, "positive_rate": 0.785714, "directional_follow_through": 0.785714, "median_excess_return": -0.01249, "regime_survival": 0.571429, "best_return": 0.119654, "worst_return": -0.050326, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.071634, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": -0.006187, "regime_survival": 0.666667, "best_return": 0.118397, "worst_return": -0.162578, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.142122, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.009788, "regime_survival": 0.25, "best_return": 0.224823, "worst_return": -0.108858, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-04-21", "end": "2023-08-18", "tenure": "Established", "return": -0.018099, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-25", "end": "2023-10-13", "tenure": "Developing", "return": -0.032562, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-20", "end": "2023-11-24", "tenure": "Developing", "return": 0.093207, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-15", "tenure": "New", "return": 0.024618, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-06-21", "tenure": "Extended", "return": 0.097561, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-08-09", "tenure": "Developing", "return": -0.032729, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.015328, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-10-11", "tenure": "Developing", "return": 0.006992, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": -0.030501, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-17", "tenure": "Developing", "return": 0.066958, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-28", "tenure": "Developing", "return": 0.034114, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.013955, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.115145, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-08-07", "tenure": "Extended", "return": 0.273078, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 29.097132, "volume": 59122, "typical_volume": 235963.5, "trend": 29.25231, "fair_value": 25.931164, "relative_strength": -2.08409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.473874, "energy": 10.867796, "activity_lines": [ 29.649491, 29.737927, 29.694787, 29.516294 ] }, { "date": "2023-08-25", "close": 29.378273, "volume": 167592, "typical_volume": 214697.15, "trend": 29.287324, "fair_value": 25.986275, "relative_strength": -2.081192, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.40608, "energy": 16.592636, "activity_lines": [ 29.491054, 29.671337, 29.670826, 29.524421 ] }, { "date": "2023-09-01", "close": 29.696301, "volume": 450567, "typical_volume": 231853.0, "trend": 29.317308, "fair_value": 26.044998, "relative_strength": -3.611561, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.703686, "energy": 14.013707, "activity_lines": [ 29.492284, 29.673396, 29.675501, 29.550806 ] }, { "date": "2023-09-08", "close": 29.289053, "volume": 35244, "typical_volume": 229348.35, "trend": 29.341993, "fair_value": 26.100324, "relative_strength": -3.84726, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.192884, "energy": 12.672199, "activity_lines": [ 29.420178, 29.590571, 29.640391, 29.548983 ] }, { "date": "2023-09-15", "close": 29.593319, "volume": 260993, "typical_volume": 234563.95, "trend": 29.357511, "fair_value": 26.158063, "relative_strength": -2.831372, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.94013, "energy": 9.432416, "activity_lines": [ 29.471026, 29.577354, 29.635899, 29.565198 ] }, { "date": "2023-09-22", "close": 28.956702, "volume": 244660, "typical_volume": 241089.15, "trend": 29.372956, "fair_value": 26.215976, "relative_strength": -2.178745, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.507352, "energy": 19.581714, "activity_lines": [ 29.319655, 29.43828, 29.570442, 29.539339 ] }, { "date": "2023-09-29", "close": 28.778824, "volume": 317085, "typical_volume": 252058.7, "trend": 29.358774, "fair_value": 26.270945, "relative_strength": -2.220159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.033801, "energy": 37.375482, "activity_lines": [ 29.118353, 29.285675, 29.490742, 29.501008 ] }, { "date": "2023-10-06", "close": 28.614988, "volume": 568993, "typical_volume": 269057.45, "trend": 29.37145, "fair_value": 26.32121, "relative_strength": -3.319205, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.953768, "energy": 49.308071, "activity_lines": [ 28.902402, 29.128813, 29.39872, 29.453022 ] }, { "date": "2023-10-13", "close": 28.421663, "volume": 269921, "typical_volume": 264550.2, "trend": 29.40645, "fair_value": 26.370652, "relative_strength": -4.443572, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.306964, "energy": 70.694945, "activity_lines": [ 28.694097, 28.973484, 29.294471, 29.391746 ] }, { "date": "2023-10-20", "close": 27.626828, "volume": 193548, "typical_volume": 264884.25, "trend": 29.398713, "fair_value": 26.416294, "relative_strength": -4.87711, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.175365, "energy": 80.921557, "activity_lines": [ 28.278674, 28.695282, 29.119812, 29.276931 ] }, { "date": "2023-10-27", "close": 27.45878, "volume": 225804, "typical_volume": 265136.35, "trend": 29.347064, "fair_value": 26.469647, "relative_strength": -3.108579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.747682, "energy": 86.040506, "activity_lines": [ 27.938333, 28.425004, 28.938612, 29.151774 ] }, { "date": "2023-11-03", "close": 28.825634, "volume": 410404, "typical_volume": 275879.9, "trend": 29.340211, "fair_value": 26.522464, "relative_strength": -3.883888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.740604, "energy": 69.823475, "activity_lines": [ 28.153473, 28.433034, 28.896959, 29.118134 ] }, { "date": "2023-11-10", "close": 29.078408, "volume": 163527, "typical_volume": 265413.05, "trend": 29.326613, "fair_value": 26.567328, "relative_strength": -4.322468, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.403262, "energy": 42.472801, "activity_lines": [ 28.449749, 28.49707, 28.884846, 29.101243 ] }, { "date": "2023-11-17", "close": 29.967799, "volume": 489746, "typical_volume": 278114.65, "trend": 29.337757, "fair_value": 26.616413, "relative_strength": -3.595353, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.424447, "energy": 13.519799, "activity_lines": [ 29.011594, 28.734048, 28.95754, 29.14261 ] }, { "date": "2023-11-24", "close": 30.201849, "volume": 167857, "typical_volume": 259907.6, "trend": 29.360381, "fair_value": 26.664222, "relative_strength": -3.781773, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.169325, "energy": 34.251155, "activity_lines": [ 29.548381, 29.001239, 29.053035, 29.198358 ] }, { "date": "2023-12-01", "close": 30.613778, "volume": 454427, "typical_volume": 275005.0, "trend": 29.396736, "fair_value": 26.714025, "relative_strength": -3.274423, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.904742, "energy": 46.876952, "activity_lines": [ 30.050809, 29.332263, 29.182216, 29.279222 ] }, { "date": "2023-12-08", "close": 31.241033, "volume": 134538, "typical_volume": 267336.25, "trend": 29.455839, "fair_value": 26.769607, "relative_strength": -1.519729, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.325721, "energy": 72.975675, "activity_lines": [ 30.551989, 29.747205, 29.368171, 29.398209 ] }, { "date": "2023-12-15", "close": 31.36742, "volume": 1685605, "typical_volume": 342497.15, "trend": 29.50429, "fair_value": 26.824148, "relative_strength": -3.405543, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.297466, "energy": 90.01793, "activity_lines": [ 30.934271, 30.140358, 29.561125, 29.521537 ] }, { "date": "2023-12-22", "close": 31.327631, "volume": 300913, "typical_volume": 342825.15, "trend": 29.564133, "fair_value": 26.877865, "relative_strength": -4.346371, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.33149, "energy": 89.872184, "activity_lines": [ 31.150689, 30.476233, 29.746791, 29.639172 ] }, { "date": "2023-12-29", "close": 31.41253, "volume": 711390, "typical_volume": 365596.8, "trend": 29.624085, "fair_value": 26.932784, "relative_strength": -4.376306, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.249254, "energy": 89.197839, "activity_lines": [ 31.304752, 30.774708, 29.932372, 29.758423 ] }, { "date": "2024-01-05", "close": 30.922004, "volume": 225027, "typical_volume": 373892.05, "trend": 29.673932, "fair_value": 26.978924, "relative_strength": -4.243011, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.983409, "energy": 80.298843, "activity_lines": [ 31.214594, 30.915166, 30.063287, 29.84216 ] }, { "date": "2024-01-12", "close": 31.128685, "volume": 260226, "typical_volume": 378523.75, "trend": 29.712433, "fair_value": 27.029206, "relative_strength": -5.205341, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.43062, "energy": 59.877851, "activity_lines": [ 31.172781, 31.030234, 30.205196, 29.936015 ] }, { "date": "2024-01-19", "close": 31.016336, "volume": 286437, "typical_volume": 370317.25, "trend": 29.776305, "fair_value": 27.078111, "relative_strength": -6.477749, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.235472, "energy": 53.508865, "activity_lines": [ 31.101008, 31.083002, 30.32807, 30.020138 ] }, { "date": "2024-01-26", "close": 31.936072, "volume": 655996, "typical_volume": 401354.85, "trend": 29.838348, "fair_value": 27.137747, "relative_strength": -4.544855, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.803498, "energy": 60.337685, "activity_lines": [ 31.35922, 31.267759, 30.532251, 30.159477 ] }, { "date": "2024-02-02", "close": 31.998426, "volume": 478924, "typical_volume": 412251.4, "trend": 29.937048, "fair_value": 27.190834, "relative_strength": -5.537696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.426306, "energy": 77.574193, "activity_lines": [ 31.597653, 31.428067, 30.729767, 30.298837 ] }, { "date": "2024-02-09", "close": 32.308683, "volume": 184638, "typical_volume": 409250.3, "trend": 30.014298, "fair_value": 27.244408, "relative_strength": -5.751469, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.728098, "energy": 88.341452, "activity_lines": [ 31.900446, 31.61212, 30.945378, 30.451846 ] }, { "date": "2024-02-16", "close": 32.440748, "volume": 105283, "typical_volume": 398660.2, "trend": 30.089552, "fair_value": 27.299109, "relative_strength": -4.840798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.010521, "energy": 91.113727, "activity_lines": [ 32.154815, 31.789369, 31.157604, 30.608391 ] }, { "date": "2024-02-23", "close": 33.148237, "volume": 210975, "typical_volume": 380759.3, "trend": 30.17341, "fair_value": 27.360694, "relative_strength": -4.154008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.928273, "energy": 94.913206, "activity_lines": [ 32.557543, 32.073438, 31.419773, 30.805726 ] }, { "date": "2024-03-01", "close": 33.336901, "volume": 342215, "typical_volume": 384374.0, "trend": 30.297572, "fair_value": 27.420859, "relative_strength": -4.322478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.746056, "energy": 94.864287, "activity_lines": [ 32.881033, 32.359432, 31.678323, 31.009822 ] }, { "date": "2024-03-08", "close": 33.539715, "volume": 251556, "typical_volume": 387274.4, "trend": 30.424125, "fair_value": 27.477628, "relative_strength": -3.288551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.723099, "energy": 93.71046, "activity_lines": [ 33.178738, 32.645769, 31.932782, 31.218993 ] }, { "date": "2024-03-15", "close": 33.89346, "volume": 339010, "typical_volume": 392934.7, "trend": 30.584003, "fair_value": 27.537088, "relative_strength": -2.081187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.638372, "energy": 93.175641, "activity_lines": [ 33.491606, 32.957747, 32.192775, 31.442821 ] }, { "date": "2024-03-22", "close": 34.32267, "volume": 74988, "typical_volume": 376163.9, "trend": 30.748816, "fair_value": 27.597092, "relative_strength": -2.852967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.565285, "energy": 92.86516, "activity_lines": [ 33.841892, 33.293737, 32.463004, 31.684025 ] }, { "date": "2024-03-29", "close": 34.685848, "volume": 94058, "typical_volume": 372690.45, "trend": 30.915134, "fair_value": 27.656748, "relative_strength": -2.019095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.654398, "energy": 86.650293, "activity_lines": [ 34.187775, 33.637686, 32.741645, 31.938027 ] }, { "date": "2024-04-05", "close": 34.223433, "volume": 215342, "typical_volume": 358970.25, "trend": 31.079613, "fair_value": 27.712595, "relative_strength": -2.294393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.273784, "energy": 68.174007, "activity_lines": [ 34.277013, 33.830842, 32.949544, 32.151466 ] }, { "date": "2024-04-12", "close": 33.761395, "volume": 824888, "typical_volume": 391821.8, "trend": 31.218549, "fair_value": 27.762898, "relative_strength": -2.003618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.32688, "energy": 66.374561, "activity_lines": [ 34.153137, 33.898403, 33.093175, 32.324484 ] }, { "date": "2024-04-19", "close": 33.563298, "volume": 426332, "typical_volume": 390417.05, "trend": 31.372103, "fair_value": 27.813198, "relative_strength": 0.656323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.118797, "energy": 61.792723, "activity_lines": [ 33.948449, 33.897892, 33.200989, 32.475758 ] }, { "date": "2024-04-26", "close": 34.402003, "volume": 682122, "typical_volume": 417796.25, "trend": 31.559542, "fair_value": 27.869532, "relative_strength": 0.63685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.305482, "energy": 61.644588, "activity_lines": [ 34.04534, 34.027061, 33.374634, 32.671235 ] }, { "date": "2024-05-03", "close": 34.157589, "volume": 819702, "typical_volume": 374501.1, "trend": 31.744295, "fair_value": 27.92106, "relative_strength": -0.505743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.433461, "energy": 48.295956, "activity_lines": [ 34.055472, 34.076133, 33.50995, 32.838851 ] }, { "date": "2024-05-10", "close": 35.346171, "volume": 334676, "typical_volume": 376189.25, "trend": 31.975112, "fair_value": 27.98016, "relative_strength": 1.206971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.33211, "energy": 65.271321, "activity_lines": [ 34.497014, 34.322958, 33.745177, 33.07123 ] }, { "date": "2024-05-17", "close": 35.482481, "volume": 371811, "typical_volume": 359210.3, "trend": 32.236967, "fair_value": 28.040039, "relative_strength": 0.102449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.186011, "energy": 72.697665, "activity_lines": [ 34.909144, 34.558035, 33.974251, 33.297512 ] }, { "date": "2024-05-24", "close": 35.356076, "volume": 137045, "typical_volume": 354811.2, "trend": 32.50021, "fair_value": 28.097372, "relative_strength": -0.121573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.143052, "energy": 80.400987, "activity_lines": [ 35.1644, 34.734806, 34.171905, 33.498745 ] }, { "date": "2024-05-31", "close": 35.265989, "volume": 405199, "typical_volume": 362059.85, "trend": 32.714889, "fair_value": 28.152483, "relative_strength": 0.11118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.274558, "energy": 81.792724, "activity_lines": [ 35.270108, 34.868605, 34.339865, 33.677182 ] }, { "date": "2024-06-07", "close": 35.362491, "volume": 260150, "typical_volume": 360745.5, "trend": 32.924358, "fair_value": 28.206335, "relative_strength": -0.770918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.049149, "energy": 73.816654, "activity_lines": [ 35.350385, 35.002798, 34.497314, 33.847995 ] }, { "date": "2024-06-14", "close": 33.954775, "volume": 163678, "typical_volume": 336129.6, "trend": 33.057258, "fair_value": 28.253511, "relative_strength": -6.087728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.14308, "energy": 45.308723, "activity_lines": [ 34.881096, 34.86874, 34.499999, 33.914474 ] }, { "date": "2024-06-21", "close": 34.383986, "volume": 477282, "typical_volume": 336047.5, "trend": 33.196662, "fair_value": 28.301231, "relative_strength": -5.372638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.408324, "energy": 28.796053, "activity_lines": [ 34.647637, 34.817605, 34.533948, 34.000069 ] }, { "date": "2024-06-28", "close": 34.220697, "volume": 137341, "typical_volume": 333682.65, "trend": 33.316893, "fair_value": 28.348673, "relative_strength": -5.610807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.959723, "energy": 23.46457, "activity_lines": [ 34.432982, 34.725462, 34.540986, 34.066136 ] }, { "date": "2024-07-05", "close": 34.913711, "volume": 113973, "typical_volume": 334117.15, "trend": 33.439315, "fair_value": 28.401126, "relative_strength": -5.393931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.561196, "energy": 26.3732, "activity_lines": [ 34.525023, 34.747368, 34.60492, 34.169157 ] }, { "date": "2024-07-12", "close": 35.231547, "volume": 85968, "typical_volume": 327866.8, "trend": 33.56812, "fair_value": 28.4578, "relative_strength": -5.313997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.323083, "energy": 27.632423, "activity_lines": [ 34.746494, 34.817759, 34.687349, 34.284784 ] }, { "date": "2024-07-19", "close": 34.054786, "volume": 455443, "typical_volume": 333528.2, "trend": 33.659025, "fair_value": 28.503182, "relative_strength": -6.489637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.595756, "energy": 14.236619, "activity_lines": [ 34.584442, 34.654667, 34.647785, 34.316182 ] }, { "date": "2024-07-26", "close": 34.269084, "volume": 144131, "typical_volume": 328156.95, "trend": 33.754243, "fair_value": 28.550127, "relative_strength": -4.975948, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.243996, "energy": 11.338104, "activity_lines": [ 34.487155, 34.554018, 34.625211, 34.355541 ] }, { "date": "2024-08-02", "close": 32.935332, "volume": 116615, "typical_volume": 317037.2, "trend": 33.821354, "fair_value": 28.584773, "relative_strength": -6.550043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.036583, "energy": 19.234384, "activity_lines": [ 33.952944, 34.232931, 34.47214, 34.302708 ] }, { "date": "2024-08-09", "close": 33.100703, "volume": 985108, "typical_volume": 362543.2, "trend": 33.887088, "fair_value": 28.618108, "relative_strength": -5.944188, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.206056, "energy": 42.366674, "activity_lines": [ 33.559548, 33.985924, 34.339382, 34.256214 ] }, { "date": "2024-08-16", "close": 34.025218, "volume": 56673, "typical_volume": 360673.95, "trend": 33.987384, "fair_value": 28.660358, "relative_strength": -6.867241, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.331329, "energy": 39.539539, "activity_lines": [ 33.59519, 33.94638, 34.300491, 34.265126 ] }, { "date": "2024-08-23", "close": 34.546756, "volume": 277389, "typical_volume": 363776.3, "trend": 34.074407, "fair_value": 28.704337, "relative_strength": -6.584662, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.652896, "energy": 23.081271, "activity_lines": [ 33.885101, 34.025975, 34.314417, 34.301214 ] }, { "date": "2024-08-30", "close": 35.073014, "volume": 58913, "typical_volume": 325477.55, "trend": 34.176893, "fair_value": 28.751691, "relative_strength": -5.297254, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.305099, "energy": 18.075381, "activity_lines": [ 34.317632, 34.19049, 34.376922, 34.365641 ] }, { "date": "2024-09-06", "close": 33.642371, "volume": 78724, "typical_volume": 308097.15, "trend": 34.221349, "fair_value": 28.791866, "relative_strength": -5.117518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.410748, "energy": 11.84564, "activity_lines": [ 34.219688, 34.08236, 34.296931, 34.331155 ] }, { "date": "2024-09-13", "close": 34.374355, "volume": 115959, "typical_volume": 279789.0, "trend": 34.285803, "fair_value": 28.837588, "relative_strength": -6.615814, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.863534, "energy": 10.583776, "activity_lines": [ 34.318602, 34.117833, 34.286275, 34.341027 ] }, { "date": "2024-09-20", "close": 34.470669, "volume": 48175, "typical_volume": 241212.65, "trend": 34.329884, "fair_value": 28.882931, "relative_strength": -7.462244, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.023326, "energy": 9.245949, "activity_lines": [ 34.364711, 34.180624, 34.284924, 34.352954 ] }, { "date": "2024-09-27", "close": 35.718412, "volume": 1395632, "typical_volume": 294260.45, "trend": 34.409268, "fair_value": 28.940163, "relative_strength": -4.492311, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.766302, "energy": 30.010601, "activity_lines": [ 34.797037, 34.484112, 34.400914, 34.442536 ] }, { "date": "2024-10-04", "close": 35.173758, "volume": 111429, "typical_volume": 281241.35, "trend": 34.463736, "fair_value": 28.993524, "relative_strength": -6.027144, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.332334, "energy": 34.082725, "activity_lines": [ 34.969702, 34.658324, 34.463261, 34.491858 ] }, { "date": "2024-10-11", "close": 35.318229, "volume": 29653, "typical_volume": 275871.75, "trend": 34.511228, "fair_value": 29.04328, "relative_strength": -6.555506, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.107325, "energy": 49.467482, "activity_lines": [ 35.183807, 34.842355, 34.540836, 34.546987 ] }, { "date": "2024-10-18", "close": 35.366386, "volume": 37079, "typical_volume": 257465.75, "trend": 34.546019, "fair_value": 29.092561, "relative_strength": -7.06602, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.857892, "energy": 58.01088, "activity_lines": [ 35.302241, 34.991817, 34.623178, 34.602158 ] }, { "date": "2024-10-25", "close": 34.884817, "volume": 504643, "typical_volume": 269690.4, "trend": 34.552651, "fair_value": 29.136858, "relative_strength": -7.246715, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.906707, "energy": 42.42569, "activity_lines": [ 35.194016, 35.012526, 34.659178, 34.624016 ] }, { "date": "2024-11-01", "close": 34.494747, "volume": 27966, "typical_volume": 262904.8, "trend": 34.561695, "fair_value": 29.17462, "relative_strength": -6.811185, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.363726, "energy": 19.952719, "activity_lines": [ 34.928158, 34.946684, 34.660304, 34.62028 ] }, { "date": "2024-11-08", "close": 34.287673, "volume": 66020, "typical_volume": 242341.7, "trend": 34.579237, "fair_value": 29.210817, "relative_strength": -11.322956, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.29878, "energy": 12.862319, "activity_lines": [ 34.674854, 34.844138, 34.639137, 34.602601 ] }, { "date": "2024-11-15", "close": 34.191455, "volume": 335186, "typical_volume": 252233.95, "trend": 34.600176, "fair_value": 29.24711, "relative_strength": -9.451121, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.818443, "energy": 16.801635, "activity_lines": [ 34.448549, 34.738377, 34.609264, 34.577583 ] }, { "date": "2024-11-22", "close": 34.220253, "volume": 168463, "typical_volume": 254958.45, "trend": 34.594118, "fair_value": 29.292556, "relative_strength": -10.599588, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.819989, "energy": 19.311704, "activity_lines": [ 34.306961, 34.627868, 34.582274, 34.553072 ] }, { "date": "2024-11-29", "close": 34.383986, "volume": 141087, "typical_volume": 257714.4, "trend": 34.601664, "fair_value": 29.339811, "relative_strength": -10.940991, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.691986, "energy": 26.362922, "activity_lines": [ 34.29636, 34.549931, 34.57418, 34.539515 ] }, { "date": "2024-12-06", "close": 35.313221, "volume": 151725, "typical_volume": 242528.5, "trend": 34.600566, "fair_value": 29.388371, "relative_strength": -9.033372, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.37787, "energy": 3.665586, "activity_lines": [ 34.628893, 34.642522, 34.65862, 34.585422 ] }, { "date": "2024-12-13", "close": 35.289624, "volume": 58792, "typical_volume": 238261.55, "trend": 34.594137, "fair_value": 29.439059, "relative_strength": -8.302361, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.794008, "energy": 26.05822, "activity_lines": [ 34.898995, 34.73819, 34.73482, 34.629877 ] }, { "date": "2024-12-20", "close": 34.493415, "volume": 78724, "typical_volume": 236367.0, "trend": 34.565382, "fair_value": 29.480036, "relative_strength": -8.456736, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.157097, "energy": 18.821568, "activity_lines": [ 34.836897, 34.686985, 34.730331, 34.623379 ] }, { "date": "2024-12-27", "close": 34.814101, "volume": 120270, "typical_volume": 193125.1, "trend": 34.550319, "fair_value": 29.522348, "relative_strength": -7.971107, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.561753, "energy": 23.547262, "activity_lines": [ 34.861564, 34.709084, 34.748964, 34.639426 ] }, { "date": "2025-01-03", "close": 34.762997, "volume": 118798, "typical_volume": 196231.35, "trend": 34.530336, "fair_value": 29.562843, "relative_strength": -7.401362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.424267, "energy": 24.568091, "activity_lines": [ 34.829607, 34.731933, 34.754571, 34.653147 ] }, { "date": "2025-01-10", "close": 35.404467, "volume": 79935, "typical_volume": 186358.65, "trend": 34.578659, "fair_value": 29.608195, "relative_strength": -3.680462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.680388, "energy": 26.94675, "activity_lines": [ 34.986205, 34.873627, 34.817757, 34.709542 ] }, { "date": "2025-01-17", "close": 36.480855, "volume": 308279, "typical_volume": 198826.95, "trend": 34.648555, "fair_value": 29.665802, "relative_strength": -3.471192, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.951595, "energy": 62.215684, "activity_lines": [ 35.495517, 35.194488, 34.979372, 34.832265 ] }, { "date": "2025-01-24", "close": 36.927799, "volume": 175777, "typical_volume": 203679.6, "trend": 34.738791, "fair_value": 29.727044, "relative_strength": -3.793953, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.963151, "energy": 77.276739, "activity_lines": [ 36.074394, 35.556736, 35.176849, 34.979313 ] }, { "date": "2025-01-31", "close": 37.266328, "volume": 228400, "typical_volume": 209301.65, "trend": 34.817212, "fair_value": 29.7918, "relative_strength": -1.811137, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.785146, "energy": 86.401361, "activity_lines": [ 36.603822, 35.930782, 35.390922, 35.142379 ] }, { "date": "2025-02-07", "close": 37.60573, "volume": 365260, "typical_volume": 225155.9, "trend": 34.896351, "fair_value": 29.860414, "relative_strength": -0.662137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.39954, "energy": 88.950004, "activity_lines": [ 37.082902, 36.311155, 35.623548, 35.322284 ] }, { "date": "2025-02-14", "close": 38.803431, "volume": 701735, "typical_volume": 190461.05, "trend": 35.05464, "fair_value": 29.936897, "relative_strength": 1.066191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.695798, "energy": 95.536421, "activity_lines": [ 37.771701, 36.850715, 35.955312, 35.574353 ] }, { "date": "2025-02-21", "close": 38.536661, "volume": 168215, "typical_volume": 193300.35, "trend": 35.196892, "fair_value": 30.01508, "relative_strength": 2.062653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.050102, "energy": 91.307081, "activity_lines": [ 38.144978, 37.278312, 36.246978, 35.799 ] }, { "date": "2025-02-28", "close": 38.779091, "volume": 337737, "typical_volume": 208704.55, "trend": 35.391684, "fair_value": 30.112063, "relative_strength": 3.718452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.156358, "energy": 89.716225, "activity_lines": [ 38.462012, 37.690951, 36.545719, 36.03011 ] }, { "date": "2025-03-07", "close": 39.409409, "volume": 8197771, "typical_volume": 616739.15, "trend": 35.601974, "fair_value": 30.209627, "relative_strength": 8.678289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.546707, "energy": 91.501436, "activity_lines": [ 38.865732, 38.140271, 36.888011, 36.289318 ] }, { "date": "2025-03-14", "close": 38.837274, "volume": 705777, "typical_volume": 626795.85, "trend": 35.762376, "fair_value": 30.292764, "relative_strength": 9.532281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.109526, "energy": 65.795379, "activity_lines": [ 38.935869, 38.402016, 37.15656, 36.498047 ] }, { "date": "2025-03-21", "close": 38.856669, "volume": 769582, "typical_volume": 663876.65, "trend": 35.90604, "fair_value": 30.377178, "relative_strength": 8.958584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.110855, "energy": 63.236543, "activity_lines": [ 38.930367, 38.59321, 37.408136, 36.697679 ] }, { "date": "2025-03-28", "close": 38.187562, "volume": 278472, "typical_volume": 674499.25, "trend": 36.009858, "fair_value": 30.455573, "relative_strength": 8.633794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.510043, "energy": 54.281076, "activity_lines": [ 38.698281, 38.59998, 37.575216, 36.844873 ] }, { "date": "2025-04-04", "close": 34.745057, "volume": 1102040, "typical_volume": 712841.95, "trend": 36.046614, "fair_value": 30.51512, "relative_strength": 8.632724, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 7.915741, "energy": 15.131713, "activity_lines": [ 37.341966, 37.94981, 37.395867, 36.763273 ] }, { "date": "2025-04-11", "close": 35.229917, "volume": 693866, "typical_volume": 739112.1, "trend": 36.075133, "fair_value": 30.578159, "relative_strength": 4.266264, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 0.470091, "energy": 20.893088, "activity_lines": [ 36.416207, 37.427482, 37.26006, 36.710583 ] }, { "date": "2025-04-18", "close": 35.792354, "volume": 404877, "typical_volume": 752301.6, "trend": 36.119189, "fair_value": 30.644755, "relative_strength": 7.467354, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.121086, "energy": 33.958623, "activity_lines": [ 35.95656, 37.044441, 37.17301, 36.692339 ] }, { "date": "2025-04-25", "close": 37.576639, "volume": 614638, "typical_volume": 775447.25, "trend": 36.18113, "fair_value": 30.725383, "relative_strength": 7.869989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.148627, "energy": 25.009772, "activity_lines": [ 36.294669, 37.018785, 37.249185, 36.786368 ] }, { "date": "2025-05-02", "close": 38.60939, "volume": 487356, "typical_volume": 796875.45, "trend": 36.295651, "fair_value": 30.815754, "relative_strength": 7.666944, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.810679, "energy": 16.512662, "activity_lines": [ 37.062364, 37.203208, 37.412939, 36.94303 ] }, { "date": "2025-05-09", "close": 39.000866, "volume": 288570, "typical_volume": 807367.75, "trend": 36.418406, "fair_value": 30.905511, "relative_strength": 9.212267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.477026, "energy": 31.40072, "activity_lines": [ 37.932429, 37.457487, 37.598169, 37.11756 ] }, { "date": "2025-05-16", "close": 39.913663, "volume": 145058, "typical_volume": 808607.15, "trend": 36.569982, "fair_value": 31.001985, "relative_strength": 6.174162, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.908376, "energy": 50.984841, "activity_lines": [ 38.823039, 37.873695, 37.848867, 37.343061 ] }, { "date": "2025-05-23", "close": 39.486987, "volume": 215764, "typical_volume": 813455.45, "trend": 36.723387, "fair_value": 31.089479, "relative_strength": 7.75792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.115952, "energy": 63.450884, "activity_lines": [ 39.259174, 38.203159, 38.034646, 37.531255 ] }, { "date": "2025-05-30", "close": 39.85548, "volume": 152853, "typical_volume": 817101.35, "trend": 36.902078, "fair_value": 31.180536, "relative_strength": 6.869697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.213245, "energy": 69.660244, "activity_lines": [ 39.571831, 38.587808, 38.233024, 37.733325 ] }, { "date": "2025-06-06", "close": 40.350037, "volume": 217478, "typical_volume": 812561.3, "trend": 37.104157, "fair_value": 31.281824, "relative_strength": 6.425881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.570529, "energy": 70.489188, "activity_lines": [ 39.897417, 39.044216, 38.457308, 37.955774 ] }, { "date": "2025-06-13", "close": 39.283345, "volume": 153844, "typical_volume": 811464.65, "trend": 37.273887, "fair_value": 31.383144, "relative_strength": 3.906454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.003856, "energy": 49.822036, "activity_lines": [ 39.751397, 39.267363, 38.561577, 38.096367 ] }, { "date": "2025-06-20", "close": 38.98826, "volume": 88620, "typical_volume": 804475.65, "trend": 37.432821, "fair_value": 31.478585, "relative_strength": 3.239495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.845502, "energy": 37.524647, "activity_lines": [ 39.488183, 39.354343, 38.626526, 38.206972 ] }, { "date": "2025-06-27", "close": 39.7876, "volume": 229243, "typical_volume": 797674.8, "trend": 37.612941, "fair_value": 31.581888, "relative_strength": 1.789324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.978976, "energy": 35.564176, "activity_lines": [ 39.553109, 39.518324, 38.759404, 38.358893 ] }, { "date": "2025-07-04", "close": 39.926737, "volume": 345928, "typical_volume": 779884.45, "trend": 37.766725, "fair_value": 31.685129, "relative_strength": 0.438035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.960791, "energy": 34.427536, "activity_lines": [ 39.644373, 39.634963, 38.895142, 38.50817 ] }, { "date": "2025-07-11", "close": 40.184265, "volume": 253458, "typical_volume": 784146.6, "trend": 37.92988, "fair_value": 31.790961, "relative_strength": 1.341953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.386301, "energy": 39.772492, "activity_lines": [ 39.816729, 39.755695, 39.050058, 38.66414 ] }, { "date": "2025-07-18", "close": 40.025786, "volume": 197346, "typical_volume": 777127.05, "trend": 38.114292, "fair_value": 31.891672, "relative_strength": 0.275751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.204739, "energy": 49.22711, "activity_lines": [ 39.947311, 39.818979, 39.182034, 38.79936 ] }, { "date": "2025-07-25", "close": 40.441793, "volume": 309473, "typical_volume": 382712.15, "trend": 38.301882, "fair_value": 31.988618, "relative_strength": -0.188522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.044119, "energy": 62.849347, "activity_lines": [ 40.167065, 39.939266, 39.347694, 38.949522 ] }, { "date": "2025-08-01", "close": 39.173963, "volume": 182358, "typical_volume": 356541.2, "trend": 38.448914, "fair_value": 32.07729, "relative_strength": -0.938945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.017416, "energy": 40.483744, "activity_lines": [ 39.867307, 39.819436, 39.387692, 39.005785 ] }, { "date": "2025-08-08", "close": 40.501223, "volume": 153231, "typical_volume": 325723.65, "trend": 38.618806, "fair_value": 32.171377, "relative_strength": -0.088387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.776853, "energy": 40.772129, "activity_lines": [ 40.050879, 39.946617, 39.552493, 39.138192 ] }, { "date": "2025-08-15", "close": 41.16089, "volume": 105119, "typical_volume": 317056.0, "trend": 38.774807, "fair_value": 32.273032, "relative_strength": 0.495642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.826712, "energy": 56.083967, "activity_lines": [ 40.41604, 40.181997, 39.772287, 39.302197 ] }, { "date": "2025-08-22", "close": 41.432285, "volume": 1008618, "typical_volume": 312384.9, "trend": 38.924956, "fair_value": 32.383056, "relative_strength": 0.804676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.79756, "energy": 65.148625, "activity_lines": [ 40.806558, 40.451978, 40.00377, 39.473648 ] }, { "date": "2025-08-29", "close": 40.392268, "volume": 192887, "typical_volume": 287335.95, "trend": 39.029154, "fair_value": 32.490914, "relative_strength": -1.674918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.025997, "energy": 64.052682, "activity_lines": [ 40.756637, 40.493794, 40.10436, 39.568313 ] }, { "date": "2025-09-05", "close": 40.17436, "volume": 1558812, "typical_volume": 345032.7, "trend": 39.114775, "fair_value": 32.591587, "relative_strength": -2.507927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.274477, "energy": 51.599286, "activity_lines": [ 40.637382, 40.470463, 40.159614, 39.642197 ] }, { "date": "2025-09-12", "close": 40.847895, "volume": 245568, "typical_volume": 326579.2, "trend": 39.182924, "fair_value": 32.700585, "relative_strength": -2.413144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.360513, "energy": 42.297448, "activity_lines": [ 40.675945, 40.562561, 40.258148, 39.754011 ] }, { "date": "2025-09-19", "close": 41.100074, "volume": 247303, "typical_volume": 314576.55, "trend": 39.268371, "fair_value": 32.817828, "relative_strength": -3.024315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.595819, "energy": 39.037264, "activity_lines": [ 40.775457, 40.683761, 40.365121, 39.877698 ] }, { "date": "2025-09-26", "close": 41.42238, "volume": 109696, "typical_volume": 305632.85, "trend": 39.356481, "fair_value": 32.940624, "relative_strength": -1.966392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.465988, "energy": 46.086163, "activity_lines": [ 40.986458, 40.846911, 40.49093, 40.016667 ] }, { "date": "2025-10-03", "close": 42.511922, "volume": 234038, "typical_volume": 310081.85, "trend": 39.459898, "fair_value": 33.06709, "relative_strength": -0.540627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.947802, "energy": 75.20951, "activity_lines": [ 41.5613, 41.182768, 40.708974, 40.220243 ] }, { "date": "2025-10-10", "close": 41.570954, "volume": 152371, "typical_volume": 306912.2, "trend": 39.551021, "fair_value": 33.187895, "relative_strength": -0.39032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.431376, "energy": 68.871342, "activity_lines": [ 41.681176, 41.3099, 40.825028, 40.356441 ] }, { "date": "2025-10-17", "close": 42.451502, "volume": 110131, "typical_volume": 304776.1, "trend": 39.670848, "fair_value": 33.308211, "relative_strength": -0.101295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.997755, "energy": 77.61875, "activity_lines": [ 42.001462, 41.55355, 41.015021, 40.543568 ] }, { "date": "2025-10-24", "close": 42.678423, "volume": 128485, "typical_volume": 300326.45, "trend": 39.820544, "fair_value": 33.424244, "relative_strength": -1.534816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.645381, "energy": 79.845208, "activity_lines": [ 42.290481, 41.802999, 41.214264, 40.737605 ] }, { "date": "2025-10-31", "close": 42.700115, "volume": 194093, "typical_volume": 302338.9, "trend": 40.085712, "fair_value": 33.538734, "relative_strength": -2.222596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.113053, "energy": 77.084433, "activity_lines": [ 42.481507, 42.028801, 41.404485, 40.923384 ] }, { "date": "2025-11-07", "close": 42.353443, "volume": 1300948, "typical_volume": 362955.3, "trend": 40.323163, "fair_value": 33.642271, "relative_strength": -1.56452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.164489, "energy": 69.11185, "activity_lines": [ 42.471793, 42.16852, 41.545419, 41.069689 ] }, { "date": "2025-11-14", "close": 42.809069, "volume": 87336, "typical_volume": 355859.95, "trend": 40.557054, "fair_value": 33.748011, "relative_strength": -0.78554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.897407, "energy": 63.103775, "activity_lines": [ 42.624521, 42.355422, 41.713721, 41.23007 ] }, { "date": "2025-11-21", "close": 41.867408, "volume": 75933, "typical_volume": 342360.2, "trend": 40.700079, "fair_value": 33.845811, "relative_strength": -1.227432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.289403, "energy": 44.674451, "activity_lines": [ 42.38082, 42.323209, 41.777954, 41.314609 ] }, { "date": "2025-11-28", "close": 42.878404, "volume": 79005, "typical_volume": 333637.55, "trend": 40.84238, "fair_value": 33.949245, "relative_strength": -2.593452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.875305, "energy": 45.875687, "activity_lines": [ 42.513057, 42.456278, 41.92923, 41.455147 ] }, { "date": "2025-12-05", "close": 43.225076, "volume": 703727, "typical_volume": 358956.6, "trend": 40.983187, "fair_value": 34.057072, "relative_strength": -2.258906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.400596, "energy": 49.544611, "activity_lines": [ 42.74752, 42.620044, 42.100694, 41.608869 ] }, { "date": "2025-12-12", "close": 43.29441, "volume": 93494, "typical_volume": 348157.65, "trend": 41.095878, "fair_value": 34.170037, "relative_strength": -1.666525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.078001, "energy": 49.254174, "activity_lines": [ 42.970097, 42.76364, 42.263526, 41.75798 ] }, { "date": "2025-12-19", "close": 43.699026, "volume": 142789, "typical_volume": 346179.2, "trend": 41.23628, "fair_value": 34.28466, "relative_strength": -1.019331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.490026, "energy": 67.497998, "activity_lines": [ 43.264814, 42.966575, 42.451309, 41.925925 ] }, { "date": "2025-12-26", "close": 43.88, "volume": 70924, "typical_volume": 342063.85, "trend": 41.37043, "fair_value": 34.402212, "relative_strength": -2.135695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.493663, "energy": 72.882062, "activity_lines": [ 43.560526, 43.163723, 42.63478, 42.096488 ] }, { "date": "2026-01-02", "close": 44.58, "volume": 84474, "typical_volume": 341031.6, "trend": 41.511429, "fair_value": 34.513199, "relative_strength": 0.291185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.092168, "energy": 82.566127, "activity_lines": [ 43.955398, 43.462171, 42.868828, 42.303557 ] }, { "date": "2026-01-09", "close": 45.49, "volume": 204116, "typical_volume": 300806.5, "trend": 41.718318, "fair_value": 34.624392, "relative_strength": 0.617151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.149608, "energy": 92.418892, "activity_lines": [ 44.540164, 43.891499, 43.173261, 42.560239 ] }, { "date": "2026-01-16", "close": 45.74, "volume": 923725, "typical_volume": 337348.4, "trend": 41.943376, "fair_value": 34.738189, "relative_strength": 1.391869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.158412, "energy": 93.547724, "activity_lines": [ 45.057268, 44.315556, 43.482182, 42.819702 ] }, { "date": "2026-01-23", "close": 45.23, "volume": 550115, "typical_volume": 286913.55, "trend": 42.124789, "fair_value": 34.846536, "relative_strength": 0.491189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.381479, "energy": 75.223328, "activity_lines": [ 45.241333, 44.585313, 43.717065, 43.031742 ] }, { "date": "2026-01-30", "close": 45.25, "volume": 313930, "typical_volume": 290331.65, "trend": 42.302231, "fair_value": 34.952005, "relative_strength": 0.056643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.362602, "energy": 55.845609, "activity_lines": [ 45.33, 44.814689, 43.929779, 43.233369 ] }, { "date": "2026-02-06", "close": 45.9, "volume": 111771, "typical_volume": 283555.05, "trend": 42.492756, "fair_value": 35.063233, "relative_strength": 1.59865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.257982, "energy": 56.649003, "activity_lines": [ 45.544, 45.100745, 44.183435, 43.465483 ] }, { "date": "2026-02-13", "close": 45.64, "volume": 407770, "typical_volume": 298458.75, "trend": 42.679896, "fair_value": 35.16908, "relative_strength": 2.260661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.554658, "energy": 51.102594, "activity_lines": [ 45.583333, 45.28459, 44.389473, 43.668531 ] }, { "date": "2026-02-20", "close": 46.877, "volume": 121140, "typical_volume": 292813.85, "trend": 42.894403, "fair_value": 35.286924, "relative_strength": 3.770573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.532448, "energy": 59.443214, "activity_lines": [ 46.025, 45.649437, 44.693236, 43.939312 ] }, { "date": "2026-02-27", "close": 46.75, "volume": 151398, "typical_volume": 292765.2, "trend": 43.146938, "fair_value": 35.399397, "relative_strength": 3.943706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.1201, "energy": 66.126972, "activity_lines": [ 46.348533, 45.926055, 44.964117, 44.18806 ] }, { "date": "2026-03-06", "close": 43.955, "volume": 1584194, "typical_volume": 366468.35, "trend": 43.262063, "fair_value": 35.500168, "relative_strength": -0.179548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.746963, "energy": 37.279686, "activity_lines": [ 45.639067, 45.639018, 44.944147, 44.240193 ] }, { "date": "2026-03-13", "close": 43.87, "volume": 103908, "typical_volume": 365239.5, "trend": 43.352367, "fair_value": 35.605926, "relative_strength": 1.251511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.912024, "energy": 19.930671, "activity_lines": [ 44.9876, 45.335164, 44.908921, 44.279415 ] }, { "date": "2026-03-20", "close": 42.11, "volume": 68872, "typical_volume": 358978.45, "trend": 43.374958, "fair_value": 35.697279, "relative_strength": -0.890507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -1.31536, "energy": 16.786944, "activity_lines": [ 43.8848, 44.724218, 44.700402, 44.199262 ] }, { "date": "2026-03-27", "close": 42.28, "volume": 147527, "typical_volume": 301307.4, "trend": 43.437882, "fair_value": 35.782355, "relative_strength": 1.86676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -29.004281, "energy": 36.29076, "activity_lines": [ 43.074, 44.205636, 44.510884, 44.12862 ] }, { "date": "2026-04-03", "close": 44.16, "volume": 90917, "typical_volume": 301486.45, "trend": 43.570737, "fair_value": 35.879334, "relative_strength": 2.936484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -18.081788, "energy": 28.632105, "activity_lines": [ 43.196333, 44.091782, 44.500763, 44.175208 ] }, { "date": "2026-04-10", "close": 45.9318, "volume": 119420, "typical_volume": 303660.8, "trend": 43.7402, "fair_value": 35.984754, "relative_strength": 3.316814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.090118, "energy": 18.322668, "activity_lines": [ 44.081933, 44.319527, 44.652952, 44.327535 ] }, { "date": "2026-04-17", "close": 47.12, "volume": 973410, "typical_volume": 348381.05, "trend": 43.940864, "fair_value": 36.096847, "relative_strength": 1.482642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.287925, "energy": 27.458072, "activity_lines": [ 45.231813, 44.750913, 44.898948, 44.545586 ] }, { "date": "2026-04-24", "close": 45.98, "volume": 206921, "typical_volume": 323540.75, "trend": 44.092785, "fair_value": 36.20234, "relative_strength": -1.365595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.319817, "energy": 36.155788, "activity_lines": [ 45.785027, 44.952844, 45.016176, 44.677143 ] }, { "date": "2026-05-01", "close": 45.375541, "volume": 67730, "typical_volume": 322252.55, "trend": 44.188239, "fair_value": 36.303958, "relative_strength": -3.399581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.244138, "energy": 37.840007, "activity_lines": [ 45.878754, 45.038691, 45.062716, 44.759902 ] }, { "date": "2026-05-08", "close": 45.916312, "volume": 1472596, "typical_volume": 388742.9, "trend": 44.333084, "fair_value": 36.409396, "relative_strength": -4.28114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.119548, "energy": 48.279856, "activity_lines": [ 45.946368, 45.25016, 45.150849, 44.87139 ] }, { "date": "2026-05-15", "close": 45.178898, "volume": 127199, "typical_volume": 391556.65, "trend": 44.423997, "fair_value": 36.507248, "relative_strength": -5.82591, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.386035, "energy": 28.764044, "activity_lines": [ 45.651091, 45.342711, 45.158193, 44.925959 ] }, { "date": "2026-05-22", "close": 46.718716, "volume": 184798, "typical_volume": 396572.85, "trend": 44.558674, "fair_value": 36.617417, "relative_strength": -3.280324, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.135865, "energy": 30.273013, "activity_lines": [ 45.919279, 45.692977, 45.306002, 45.074005 ] }, { "date": "2026-05-29", "close": 47.022433, "volume": 72472, "typical_volume": 389990.65, "trend": 44.702751, "fair_value": 36.72901, "relative_strength": -3.8685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.965931, "energy": 34.739351, "activity_lines": [ 46.315459, 46.046669, 45.472551, 45.232957 ] }, { "date": "2026-06-05", "close": 46.791376, "volume": 318472, "typical_volume": 359728.0, "trend": 44.850682, "fair_value": 36.840323, "relative_strength": -1.748995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.42841, "energy": 40.442056, "activity_lines": [ 46.565125, 46.269034, 45.609798, 45.367707 ] }, { "date": "2026-06-12", "close": 48.236708, "volume": 115895, "typical_volume": 338017.0, "trend": 45.031604, "fair_value": 36.957394, "relative_strength": 0.758122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.082816, "energy": 65.355134, "activity_lines": [ 47.202178, 46.672161, 45.879689, 45.586161 ] }, { "date": "2026-06-19", "close": 49.180598, "volume": 178434, "typical_volume": 331242.2, "trend": 45.275377, "fair_value": 37.086114, "relative_strength": 1.798047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.269076, "energy": 77.239358, "activity_lines": [ 47.999169, 47.172783, 46.225157, 45.853838 ] }, { "date": "2026-06-26", "close": 48.24654, "volume": 101269, "typical_volume": 330717.1, "trend": 45.454314, "fair_value": 37.2026, "relative_strength": 2.273049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.163602, "energy": 71.605861, "activity_lines": [ 48.218027, 47.444507, 46.462949, 46.045526 ] }, { "date": "2026-07-03", "close": 49.1381, "volume": 57576, "typical_volume": 313207.4, "trend": 45.651415, "fair_value": 37.331451, "relative_strength": 1.911537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.722407, "energy": 77.936755, "activity_lines": [ 48.632216, 47.85785, 46.774478, 46.283189 ] }, { "date": "2026-07-10", "close": 48.81, "volume": 305746, "typical_volume": 322437.7, "trend": 45.835268, "fair_value": 37.452084, "relative_strength": -0.117912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.205149, "energy": 73.7702, "activity_lines": [ 48.795995, 48.154119, 47.038102, 46.486969 ] }, { "date": "2026-07-17", "close": 48.23, "volume": 109980, "typical_volume": 320366.8, "trend": 45.986301, "fair_value": 37.567769, "relative_strength": 0.231403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.593977, "energy": 53.254872, "activity_lines": [ 48.631865, 48.282488, 47.237282, 46.641468 ] }, { "date": "2026-07-24", "close": 48.47, "volume": 60953, "typical_volume": 244204.75, "trend": 46.139301, "fair_value": 37.682112, "relative_strength": 1.28194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.30359, "energy": 46.90011, "activity_lines": [ 48.548183, 48.412427, 47.452273, 46.801706 ] }, { "date": "2026-07-31", "close": 48.93, "volume": 53281, "typical_volume": 241673.4, "trend": 46.284301, "fair_value": 37.805945, "relative_strength": 1.080687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.799855, "energy": 45.664, "activity_lines": [ 48.665207, 48.566164, 47.689573, 46.981752 ] }, { "date": "2026-08-07", "close": 50.27, "volume": 128689, "typical_volume": 244664.25, "trend": 46.443634, "fair_value": 37.937528, "relative_strength": 0.304031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.389853, "energy": 55.24468, "activity_lines": [ 49.183333, 48.923332, 48.030396, 47.238893 ] } ], "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." } } }