{ "ticker": { "uuid": "621023a2-3810-4fcf-8678-c217e900196f", "symbol": "ZWEN", "name": "BMO Covered Call Energy ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 58.616, "architecture_energy": 66.334, "architecture_maturity": 7.321, "architecture_confidence": 77.195, "architecture_tenure": "New", "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": 23.92, "rotation_up": 71.05, "upward_expansion": 87.45, "deceleration": 45.34, "rotation_down": 11.82, "downward_expansion": 16.45 }, "activity_lines": [ 35.073242, 34.431598, 34.131611, 33.819165 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 34.349998, "trend_reference": 32.980706, "distance_from_trend": 0.041518, "trend_direction": "Improving", "fair_value": 26.517264, "distance_from_fair_value": 0.295382, "fair_value_direction": "Improving", "relative_strength": 1.079501, "relative_strength_direction": "Weakening", "price_momentum": 0.141753, "excess_performance": 0.021332, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.041518, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075476, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.295382, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.001316, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.010795, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.032333, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.141753, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.636564, "read": "Demand-led" } ], "volume": { "latest": 26800, "relative_activity": 0.370166, "balance": 2.636564, "dry_up": 1.006906, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.037497, "annualized_volatility": 0.224326, "from_high_reference": -0.051231, "from_low_reference": 0.373653 }, "levels": { "trend_reference": 32.980706, "fair_value_reference": 26.517264, "structural_low": 29.866072, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.020127, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.006918, "regime_survival": 0.6, "best_return": 0.102744, "worst_return": -0.111725, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.055639, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.021064, "regime_survival": 0.6, "best_return": 0.171245, "worst_return": -0.066747, "sufficient": true }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.080759, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.001068, "regime_survival": 0.5, "best_return": 0.236412, "worst_return": -0.074895, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.051027, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.172569, "regime_survival": 1.0, "best_return": 0.051027, "worst_return": 0.051027, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.001919, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-13", "tenure": "Developing", "return": 0.068261, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": -0.012702, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.02741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": 0.050904, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-24", "tenure": "Developing", "return": 0.019886, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.017217, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": -0.051304, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.070177, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-05-01", "tenure": "Established", "return": 0.194329, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": 0.063926, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.017488, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.101401, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.042642, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.514978, "volume": 8300, "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": "2023-08-25", "close": 22.530529, "volume": 4400, "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": "2023-09-01", "close": 23.218628, "volume": 10400, "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": "2023-09-08", "close": 23.539581, "volume": 4300, "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": "2023-09-15", "close": 23.594383, "volume": 20500, "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": "2023-09-22", "close": 23.069887, "volume": 8100, "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": "2023-09-29", "close": 23.36882, "volume": 9700, "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": "2023-10-06", "close": 22.60405, "volume": 15500, "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": "2023-10-13", "close": 23.64476, "volume": 10700, "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": "2023-10-20", "close": 23.731497, "volume": 31600, "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": "2023-10-27", "close": 23.202009, "volume": 3700, "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": "2023-11-03", "close": 23.487869, "volume": 2700, "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": "2023-11-10", "close": 23.051144, "volume": 14200, "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": "2023-11-17", "close": 23.368765, "volume": 16600, "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": "2023-11-24", "close": 23.344934, "volume": 6600, "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": "2023-12-01", "close": 23.210476, "volume": 7200, "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": "2023-12-08", "close": 22.610613, "volume": 20400, "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": "2023-12-15", "close": 22.650602, "volume": 16500, "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": "2023-12-22", "close": 22.986523, "volume": 14900, "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": "2023-12-29", "close": 22.720453, "volume": 5700, "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": "2024-01-05", "close": 23.292906, "volume": 12300, "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": "2024-01-12", "close": 22.946209, "volume": 90300, "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": "2024-01-19", "close": 22.244764, "volume": 60300, "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": "2024-01-26", "close": 23.091337, "volume": 18700, "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": "2024-02-02", "close": 22.928886, "volume": 18500, "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": "2024-02-09", "close": 22.766447, "volume": 70400, "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": "2024-02-16", "close": 23.16444, "volume": 17200, "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": "2024-02-23", "close": 23.359371, "volume": 19000, "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": "2024-03-01", "close": 23.80101, "volume": 27300, "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": "2024-03-08", "close": 23.972822, "volume": 29500, "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": "2024-03-15", "close": 24.815559, "volume": 21400, "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": "2024-03-22", "close": 25.224649, "volume": 26600, "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": "2024-03-29", "close": 25.496389, "volume": 22400, "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": "2024-04-05", "close": 25.965952, "volume": 10500, "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": "2024-04-12", "close": 26.180141, "volume": 16900, "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": "2024-04-19", "close": 25.685865, "volume": 23100, "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": "2024-04-26", "close": 25.874561, "volume": 14000, "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": "2024-05-03", "close": 25.161358, "volume": 16600, "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": "2024-05-10", "close": 25.576012, "volume": 17600, "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": "2024-05-17", "close": 25.617479, "volume": 37600, "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": 25.061832, "volume": 28300, "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": 25.221151, "volume": 7700, "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": 24.70336, "volume": 30200, "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": 24.143824, "volume": 20900, "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": 24.473703, "volume": 16700, "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": 25.005257, "volume": 19700, "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": 24.904301, "volume": 12600, "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": 24.828575, "volume": 23600, "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": 25.249258, "volume": 16700, "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": 25.425945, "volume": 42700, "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": 24.697971, "volume": 34000, "typical_volume": 21920.0, "trend": 24.586281, "fair_value": 22.952717, "relative_strength": -2.257841, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 21.814476, "energy": 15.668009, "activity_lines": [ 25.033524, 24.927519, 25.057013, 24.959199 ] }, { "date": "2024-08-09", "close": 24.901386, "volume": 20200, "typical_volume": 21600.0, "trend": 24.651453, "fair_value": 22.976775, "relative_strength": -1.829911, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 27.055015, "energy": 15.770766, "activity_lines": [ 24.993583, 24.934074, 25.026204, 24.979528 ] }, { "date": "2024-08-16", "close": 25.29974, "volume": 11400, "typical_volume": 21050.0, "trend": 24.753286, "fair_value": 23.005104, "relative_strength": -3.411977, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 38.991544, "energy": 18.621439, "activity_lines": [ 25.08662, 25.018871, 25.034873, 25.021353 ] }, { "date": "2024-08-23", "close": 24.990377, "volume": 19100, "typical_volume": 21480.0, "trend": 24.816587, "fair_value": 23.029023, "relative_strength": -5.441246, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 26.208465, "energy": 10.17691, "activity_lines": [ 25.045126, 25.036576, 25.015016, 25.036649 ] }, { "date": "2024-08-30", "close": 24.987295, "volume": 66100, "typical_volume": 23940.0, "trend": 24.885201, "fair_value": 23.052335, "relative_strength": -5.600615, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 15.748031, "energy": 7.6611, "activity_lines": [ 25.019863, 25.03833, 24.99951, 25.047663 ] }, { "date": "2024-09-06", "close": 23.749029, "volume": 129700, "typical_volume": 29270.0, "trend": 24.917954, "fair_value": 23.060532, "relative_strength": -7.850891, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -46.501822, "energy": 42.080256, "activity_lines": [ 24.611088, 24.805606, 24.871754, 24.974361 ] }, { "date": "2024-09-13", "close": 23.766113, "volume": 128500, "typical_volume": 34995.0, "trend": 24.938009, "fair_value": 23.068736, "relative_strength": -10.65885, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -74.033329, "energy": 68.724118, "activity_lines": [ 24.271271, 24.598829, 24.754849, 24.900049 ] }, { "date": "2024-09-20", "close": 24.295578, "volume": 82000, "typical_volume": 38265.0, "trend": 24.969216, "fair_value": 23.082838, "relative_strength": -9.582918, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.56484, "energy": 65.121618, "activity_lines": [ 24.183626, 24.509012, 24.698409, 24.858602 ] }, { "date": "2024-09-27", "close": 23.973942, "volume": 182600, "typical_volume": 46515.0, "trend": 24.974981, "fair_value": 23.092964, "relative_strength": -10.815551, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.245968, "energy": 69.45709, "activity_lines": [ 24.055714, 24.370407, 24.615459, 24.79439 ] }, { "date": "2024-10-04", "close": 25.29961, "volume": 100500, "typical_volume": 49660.0, "trend": 25.019207, "fair_value": 23.117758, "relative_strength": -6.482141, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.967549, "energy": 24.430549, "activity_lines": [ 24.437454, 24.49602, 24.666393, 24.815334 ] }, { "date": "2024-10-11", "close": 25.592297, "volume": 49400, "typical_volume": 50715.0, "trend": 25.045098, "fair_value": 23.145253, "relative_strength": -6.320432, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.833057, "energy": 11.013544, "activity_lines": [ 24.895935, 24.677146, 24.746716, 24.852308 ] }, { "date": "2024-10-18", "close": 25.222136, "volume": 52800, "typical_volume": 52970.0, "trend": 25.045015, "fair_value": 23.168076, "relative_strength": -8.62728, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.596138, "energy": 16.015999, "activity_lines": [ 25.108144, 24.77471, 24.789258, 24.86373 ] }, { "date": "2024-10-25", "close": 25.222136, "volume": 48700, "typical_volume": 53895.0, "trend": 25.035873, "fair_value": 23.190402, "relative_strength": -6.953634, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.35291, "energy": 24.972904, "activity_lines": [ 25.223285, 24.866441, 24.831797, 24.875157 ] }, { "date": "2024-11-01", "close": 24.636179, "volume": 80500, "typical_volume": 56875.0, "trend": 24.991547, "fair_value": 23.205948, "relative_strength": -8.064272, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.082499, "energy": 15.440766, "activity_lines": [ 25.081337, 24.853046, 24.816059, 24.84937 ] }, { "date": "2024-11-08", "close": 25.616421, "volume": 56000, "typical_volume": 58840.0, "trend": 24.972756, "fair_value": 23.231592, "relative_strength": -6.127115, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.183033, "energy": 29.284594, "activity_lines": [ 25.221987, 25.024317, 24.891333, 24.889685 ] }, { "date": "2024-11-15", "close": 26.162928, "volume": 53700, "typical_volume": 60540.0, "trend": 24.988658, "fair_value": 23.262448, "relative_strength": -4.451524, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.992932, "energy": 42.366747, "activity_lines": [ 25.523685, 25.283514, 25.013214, 24.96647 ] }, { "date": "2024-11-22", "close": 26.535938, "volume": 35500, "typical_volume": 61685.0, "trend": 25.010704, "fair_value": 23.296547, "relative_strength": -5.00124, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.042079, "energy": 68.136414, "activity_lines": [ 25.911677, 25.566642, 25.165107, 25.066294 ] }, { "date": "2024-11-29", "close": 26.119268, "volume": 28600, "typical_volume": 61935.0, "trend": 25.042635, "fair_value": 23.325647, "relative_strength": -7.045945, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.946461, "energy": 70.117258, "activity_lines": [ 26.073193, 25.723652, 25.269548, 25.137815 ] }, { "date": "2024-12-06", "close": 25.65613, "volume": 56100, "typical_volume": 63905.0, "trend": 25.045305, "fair_value": 23.349427, "relative_strength": -8.667899, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.00902, "energy": 67.452844, "activity_lines": [ 26.020521, 25.763296, 25.323734, 25.177395 ] }, { "date": "2024-12-13", "close": 25.328436, "volume": 18000, "typical_volume": 62670.0, "trend": 25.035671, "fair_value": 23.369417, "relative_strength": -8.181599, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.764471, "energy": 44.601057, "activity_lines": [ 25.790621, 25.712775, 25.344773, 25.195661 ] }, { "date": "2024-12-20", "close": 24.371574, "volume": 103600, "typical_volume": 66150.0, "trend": 25.012662, "fair_value": 23.379439, "relative_strength": -9.050349, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.527978, "energy": 12.752607, "activity_lines": [ 25.260965, 25.487754, 25.275148, 25.152816 ] }, { "date": "2024-12-27", "close": 24.78228, "volume": 20400, "typical_volume": 66160.0, "trend": 24.998033, "fair_value": 23.393328, "relative_strength": -8.11475, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -4.632463, "energy": 19.651672, "activity_lines": [ 24.987635, 25.359602, 25.246191, 25.137953 ] }, { "date": "2025-01-03", "close": 25.786255, "volume": 23600, "typical_volume": 66770.0, "trend": 25.034129, "fair_value": 23.416788, "relative_strength": -5.30818, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.278264, "energy": 27.034682, "activity_lines": [ 25.165875, 25.421989, 25.313418, 25.188806 ] }, { "date": "2025-01-10", "close": 25.980005, "volume": 32600, "typical_volume": 67445.0, "trend": 25.095335, "fair_value": 23.441674, "relative_strength": -3.343058, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.975827, "energy": 23.043201, "activity_lines": [ 25.430898, 25.509346, 25.396781, 25.24983 ] }, { "date": "2025-01-17", "close": 27.142502, "volume": 53000, "typical_volume": 66790.0, "trend": 25.184295, "fair_value": 23.477259, "relative_strength": -0.260509, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.751031, "energy": 64.762822, "activity_lines": [ 26.061829, 25.783633, 25.586145, 25.381906 ] }, { "date": "2025-01-24", "close": 26.508415, "volume": 49400, "typical_volume": 62775.0, "trend": 25.234401, "fair_value": 23.506127, "relative_strength": -4.03394, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.838151, "energy": 69.441307, "activity_lines": [ 26.360459, 25.914885, 25.704857, 25.467333 ] }, { "date": "2025-01-31", "close": 25.819311, "volume": 81500, "typical_volume": 60425.0, "trend": 25.264901, "fair_value": 23.52795, "relative_strength": -6.638928, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.81342, "energy": 64.558633, "activity_lines": [ 26.286932, 25.914563, 25.7448, 25.505069 ] }, { "date": "2025-02-07", "close": 25.730583, "volume": 60100, "typical_volume": 59330.0, "trend": 25.294968, "fair_value": 23.548535, "relative_strength": -6.509885, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.26229, "energy": 55.484395, "activity_lines": [ 26.114694, 25.911138, 25.766516, 25.535113 ] }, { "date": "2025-02-14", "close": 25.970144, "volume": 63100, "typical_volume": 53355.0, "trend": 25.318997, "fair_value": 23.570957, "relative_strength": -5.670123, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.117989, "energy": 27.70097, "activity_lines": [ 26.026021, 25.958337, 25.804214, 25.578673 ] }, { "date": "2025-02-21", "close": 26.129852, "volume": 56400, "typical_volume": 51150.0, "trend": 25.342461, "fair_value": 23.594433, "relative_strength": -3.732372, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.264256, "energy": 19.089551, "activity_lines": [ 25.991241, 26.028865, 25.847616, 25.630986 ] }, { "date": "2025-02-28", "close": 26.410265, "volume": 53200, "typical_volume": 51340.0, "trend": 25.399538, "fair_value": 23.620032, "relative_strength": -3.533293, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.739689, "energy": 25.473759, "activity_lines": [ 26.117443, 26.135806, 25.913771, 25.699876 ] }, { "date": "2025-03-07", "close": 25.471512, "volume": 103100, "typical_volume": 53855.0, "trend": 25.418542, "fair_value": 23.636712, "relative_strength": -4.450953, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.826315, "energy": 14.648636, "activity_lines": [ 25.93727, 26.034997, 25.886626, 25.70452 ] }, { "date": "2025-03-14", "close": 26.168871, "volume": 45000, "typical_volume": 53670.0, "trend": 25.447513, "fair_value": 23.65932, "relative_strength": -0.889956, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.1827, "energy": 19.3911, "activity_lines": [ 26.012736, 26.048449, 25.924708, 25.752928 ] }, { "date": "2025-03-21", "close": 26.776829, "volume": 31900, "typical_volume": 51240.0, "trend": 25.507061, "fair_value": 23.686909, "relative_strength": -0.139498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.371115, "energy": 32.883787, "activity_lines": [ 26.261636, 26.165482, 26.016183, 25.838691 ] }, { "date": "2025-03-28", "close": 26.882479, "volume": 31700, "typical_volume": 50025.0, "trend": 25.570234, "fair_value": 23.71494, "relative_strength": 1.218802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.871004, "energy": 40.467958, "activity_lines": [ 26.491974, 26.287237, 26.107526, 25.927427 ] }, { "date": "2025-04-04", "close": 23.469259, "volume": 183500, "typical_volume": 56515.0, "trend": 25.560908, "fair_value": 23.712804, "relative_strength": -5.405672, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -29.527968, "energy": 17.136712, "activity_lines": [ 25.534397, 25.793134, 25.867772, 25.79188 ] }, { "date": "2025-04-11", "close": 22.721769, "volume": 168900, "typical_volume": 63185.0, "trend": 25.526097, "fair_value": 23.704261, "relative_strength": -9.571974, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.144103, "energy": 58.850313, "activity_lines": [ 24.523723, 25.218381, 25.569655, 25.60871 ] }, { "date": "2025-04-18", "close": 23.424227, "volume": 56300, "typical_volume": 64570.0, "trend": 25.497052, "fair_value": 23.701867, "relative_strength": -8.762355, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.770298, "energy": 75.486654, "activity_lines": [ 23.930518, 24.827666, 25.356602, 25.473106 ] }, { "date": "2025-04-25", "close": 23.879023, "volume": 49200, "typical_volume": 64225.0, "trend": 25.493888, "fair_value": 23.703368, "relative_strength": -8.589308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.26421, "energy": 75.215057, "activity_lines": [ 23.671888, 24.561576, 25.199696, 25.368717 ] }, { "date": "2025-05-02", "close": 23.991449, "volume": 65500, "typical_volume": 66600.0, "trend": 25.450282, "fair_value": 23.705789, "relative_strength": -9.025581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.612173, "energy": 73.703213, "activity_lines": [ 23.643921, 24.353947, 25.061959, 25.271785 ] }, { "date": "2025-05-09", "close": 24.263872, "volume": 90500, "typical_volume": 65945.0, "trend": 25.406002, "fair_value": 23.71044, "relative_strength": -8.860747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.193516, "energy": 51.152704, "activity_lines": [ 23.899497, 24.234729, 24.956535, 25.195243 ] }, { "date": "2025-05-16", "close": 25.108385, "volume": 73900, "typical_volume": 68620.0, "trend": 25.40221, "fair_value": 23.721993, "relative_strength": -7.625291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.029947, "energy": 25.655185, "activity_lines": [ 24.383602, 24.308085, 24.932053, 25.176042 ] }, { "date": "2025-05-23", "close": 24.154905, "volume": 98400, "typical_volume": 72360.0, "trend": 25.366636, "fair_value": 23.725542, "relative_strength": -10.50606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.951557, "energy": 21.982375, "activity_lines": [ 24.390773, 24.214683, 24.81521, 25.09557 ] }, { "date": "2025-05-30", "close": 24.163076, "volume": 64800, "typical_volume": 73970.0, "trend": 25.350865, "fair_value": 23.729099, "relative_strength": -11.141936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.512562, "energy": 19.53043, "activity_lines": [ 24.351957, 24.159384, 24.706915, 25.017921 ] }, { "date": "2025-06-06", "close": 24.556793, "volume": 97800, "typical_volume": 76210.0, "trend": 25.315544, "fair_value": 23.735774, "relative_strength": -10.240681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.426233, "energy": 18.366577, "activity_lines": [ 24.425442, 24.223193, 24.644768, 24.966691 ] }, { "date": "2025-06-13", "close": 25.509039, "volume": 109800, "typical_volume": 79230.0, "trend": 25.293748, "fair_value": 23.74996, "relative_strength": -6.759408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.923538, "energy": 11.181909, "activity_lines": [ 24.778653, 24.502422, 24.685624, 24.979174 ] }, { "date": "2025-06-20", "close": 25.728783, "volume": 82100, "typical_volume": 79260.0, "trend": 25.266843, "fair_value": 23.765665, "relative_strength": -5.643013, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.149788, "energy": 10.28097, "activity_lines": [ 25.1221, 24.784519, 24.752167, 25.007241 ] }, { "date": "2025-06-27", "close": 25.088152, "volume": 111600, "typical_volume": 81835.0, "trend": 25.232472, "fair_value": 23.776078, "relative_strength": -8.315494, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.33344, "energy": 16.385293, "activity_lines": [ 25.210645, 24.895463, 24.758128, 24.995713 ] }, { "date": "2025-07-04", "close": 25.401981, "volume": 61100, "typical_volume": 81735.0, "trend": 25.224001, "fair_value": 23.788781, "relative_strength": -8.071673, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.367564, "energy": 24.906455, "activity_lines": [ 25.341582, 25.033215, 24.797037, 25.006649 ] }, { "date": "2025-07-11", "close": 25.978882, "volume": 114500, "typical_volume": 84640.0, "trend": 25.245682, "fair_value": 23.805758, "relative_strength": -5.650403, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.201485, "energy": 46.344129, "activity_lines": [ 25.582226, 25.248167, 24.893595, 25.055351 ] }, { "date": "2025-07-18", "close": 25.318907, "volume": 98100, "typical_volume": 86885.0, "trend": 25.27726, "fair_value": 23.817398, "relative_strength": -8.705758, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.901917, "energy": 35.351528, "activity_lines": [ 25.508073, 25.306989, 24.928017, 25.060075 ] }, { "date": "2025-07-25", "close": 25.401981, "volume": 93200, "typical_volume": 86390.0, "trend": 25.297917, "fair_value": 23.829494, "relative_strength": -8.677601, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.457996, "energy": 30.534241, "activity_lines": [ 25.474286, 25.361733, 24.975547, 25.068121 ] }, { "date": "2025-08-01", "close": 25.266804, "volume": 156000, "typical_volume": 91940.0, "trend": 25.280602, "fair_value": 23.840382, "relative_strength": -7.259762, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 13.136485, "energy": 15.523895, "activity_lines": [ 25.417227, 25.386561, 25.010535, 25.066114 ] }, { "date": "2025-08-08", "close": 25.15052, "volume": 103100, "typical_volume": 95500.0, "trend": 25.252952, "fair_value": 23.850233, "relative_strength": -9.780407, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.077506, "energy": 3.795171, "activity_lines": [ 25.309497, 25.37003, 25.038744, 25.057722 ] }, { "date": "2025-08-15", "close": 25.415655, "volume": 104100, "typical_volume": 99120.0, "trend": 25.195391, "fair_value": 23.861915, "relative_strength": -8.983699, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.840092, "energy": 7.689991, "activity_lines": [ 25.306909, 25.383752, 25.099948, 25.068219 ] }, { "date": "2025-08-22", "close": 26.127327, "volume": 142600, "typical_volume": 97075.0, "trend": 25.182688, "fair_value": 23.878696, "relative_strength": -7.578924, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 38.442907, "energy": 24.636964, "activity_lines": [ 25.579094, 25.511253, 25.235915, 25.128343 ] }, { "date": "2025-08-29", "close": 26.430771, "volume": 61200, "typical_volume": 91690.0, "trend": 25.20307, "fair_value": 23.897461, "relative_strength": -7.003053, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.280089, "energy": 59.808689, "activity_lines": [ 25.898531, 25.682685, 25.388124, 25.208865 ] }, { "date": "2025-09-05", "close": 26.036978, "volume": 94700, "typical_volume": 93610.0, "trend": 25.213283, "fair_value": 23.913078, "relative_strength": -9.66626, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.363953, "energy": 62.161714, "activity_lines": [ 26.018119, 25.769754, 25.485167, 25.262666 ] }, { "date": "2025-09-12", "close": 26.346384, "volume": 69700, "typical_volume": 94635.0, "trend": 25.225824, "fair_value": 23.930711, "relative_strength": -9.129288, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.513777, "energy": 70.898529, "activity_lines": [ 26.189497, 25.895827, 25.599235, 25.335769 ] }, { "date": "2025-09-19", "close": 26.290131, "volume": 106200, "typical_volume": 96670.0, "trend": 25.231167, "fair_value": 23.947685, "relative_strength": -10.565296, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.825506, "energy": 66.541147, "activity_lines": [ 26.2624, 25.994502, 25.696197, 25.404434 ] }, { "date": "2025-09-26", "close": 27.527754, "volume": 104900, "typical_volume": 97390.0, "trend": 25.268417, "fair_value": 23.973257, "relative_strength": -6.194359, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.795224, "energy": 79.568065, "activity_lines": [ 26.689545, 26.312539, 25.900082, 25.552601 ] }, { "date": "2025-10-03", "close": 26.918438, "volume": 107900, "typical_volume": 99090.0, "trend": 25.316647, "fair_value": 23.994145, "relative_strength": -10.122356, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.631845, "energy": 73.036075, "activity_lines": [ 26.820223, 26.479632, 26.030394, 25.659054 ] }, { "date": "2025-10-10", "close": 25.98794, "volume": 126900, "typical_volume": 100515.0, "trend": 25.310616, "fair_value": 24.008186, "relative_strength": -11.119932, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.167622, "energy": 47.129195, "activity_lines": [ 26.608224, 26.449971, 26.063468, 25.702363 ] }, { "date": "2025-10-17", "close": 26.006834, "volume": 97000, "typical_volume": 102125.0, "trend": 25.28495, "fair_value": 24.022162, "relative_strength": -11.551778, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.678455, "energy": 36.409324, "activity_lines": [ 26.405792, 26.410633, 26.089612, 25.74728 ] }, { "date": "2025-10-24", "close": 26.554741, "volume": 144000, "typical_volume": 104435.0, "trend": 25.274025, "fair_value": 24.03975, "relative_strength": -10.139847, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.743035, "energy": 26.729529, "activity_lines": [ 26.408633, 26.455346, 26.159159, 25.829202 ] }, { "date": "2025-10-31", "close": 26.545815, "volume": 104000, "typical_volume": 104145.0, "trend": 25.376577, "fair_value": 24.057033, "relative_strength": -9.648634, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.414957, "energy": 21.562332, "activity_lines": [ 26.390857, 26.477725, 26.218341, 25.911253 ] }, { "date": "2025-11-07", "close": 27.002848, "volume": 100400, "typical_volume": 105060.0, "trend": 25.51928, "fair_value": 24.07721, "relative_strength": -6.778791, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.127484, "energy": 35.859876, "activity_lines": [ 26.590889, 26.575592, 26.316114, 26.016174 ] }, { "date": "2025-11-14", "close": 27.783607, "volume": 137300, "typical_volume": 106345.0, "trend": 25.664593, "fair_value": 24.102423, "relative_strength": -5.139503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.13135, "energy": 61.303921, "activity_lines": [ 27.045546, 26.805014, 26.482177, 26.162259 ] }, { "date": "2025-11-21", "close": 27.307535, "volume": 58800, "typical_volume": 106230.0, "trend": 25.778876, "fair_value": 24.124079, "relative_strength": -5.995021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.451101, "energy": 64.836203, "activity_lines": [ 27.221801, 26.916121, 26.590065, 26.268256 ] }, { "date": "2025-11-28", "close": 27.452055, "volume": 109300, "typical_volume": 105970.0, "trend": 25.89423, "fair_value": 24.146415, "relative_strength": -8.916407, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.005783, "energy": 69.281291, "activity_lines": [ 27.359516, 27.036028, 26.702642, 26.376203 ] }, { "date": "2025-12-05", "close": 27.485638, "volume": 100900, "typical_volume": 106110.0, "trend": 26.001622, "fair_value": 24.168676, "relative_strength": -8.375402, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.098965, "energy": 68.168839, "activity_lines": [ 27.448605, 27.140915, 26.811403, 26.478874 ] }, { "date": "2025-12-12", "close": 27.11622, "volume": 73000, "typical_volume": 105100.0, "trend": 26.06855, "fair_value": 24.188196, "relative_strength": -9.969453, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.368257, "energy": 43.382185, "activity_lines": [ 27.3519, 27.179402, 26.874663, 26.550784 ] }, { "date": "2025-12-19", "close": 26.358192, "volume": 129500, "typical_volume": 103775.0, "trend": 26.141993, "fair_value": 24.202473, "relative_strength": -12.833684, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.650296, "energy": 22.099218, "activity_lines": [ 26.99496, 27.076469, 26.857567, 26.56947 ] }, { "date": "2025-12-26", "close": 26.444551, "volume": 57600, "typical_volume": 101500.0, "trend": 26.218042, "fair_value": 24.217127, "relative_strength": -12.910589, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.770578, "energy": 17.157466, "activity_lines": [ 26.761834, 26.982506, 26.843498, 26.58899 ] }, { "date": "2026-01-02", "close": 27.27512, "volume": 87300, "typical_volume": 100660.0, "trend": 26.308653, "fair_value": 24.236984, "relative_strength": -9.530233, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.369261, "energy": 22.511386, "activity_lines": [ 26.863097, 27.031597, 26.90237, 26.657189 ] }, { "date": "2026-01-09", "close": 27.662001, "volume": 119000, "typical_volume": 99480.0, "trend": 26.380418, "fair_value": 24.259081, "relative_strength": -9.931611, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.000185, "energy": 23.080101, "activity_lines": [ 27.105116, 27.137932, 26.989232, 26.744502 ] }, { "date": "2026-01-16", "close": 28.300354, "volume": 85300, "typical_volume": 100685.0, "trend": 26.466137, "fair_value": 24.284986, "relative_strength": -8.623792, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.473001, "energy": 58.615276, "activity_lines": [ 27.548162, 27.340037, 27.129582, 26.868368 ] }, { "date": "2026-01-23", "close": 28.542154, "volume": 173000, "typical_volume": 104600.0, "trend": 26.581271, "fair_value": 24.326104, "relative_strength": -7.793402, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.239011, "energy": 77.875937, "activity_lines": [ 27.992865, 27.562514, 27.284058, 27.002305 ] }, { "date": "2026-01-30", "close": 29.018322, "volume": 74800, "typical_volume": 104855.0, "trend": 26.701815, "fair_value": 24.375699, "relative_strength": -2.462837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.626726, "energy": 85.06529, "activity_lines": [ 28.450694, 27.857776, 27.471954, 27.159534 ] }, { "date": "2026-02-06", "close": 30.085316, "volume": 110500, "typical_volume": 105070.0, "trend": 26.838696, "fair_value": 24.425947, "relative_strength": -0.407266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.302394, "energy": 94.050255, "activity_lines": [ 29.092603, 28.315931, 27.748745, 27.377824 ] }, { "date": "2026-02-13", "close": 30.674843, "volume": 43600, "typical_volume": 102005.0, "trend": 27.017228, "fair_value": 24.484924, "relative_strength": -0.116954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.454397, "energy": 96.160446, "activity_lines": [ 29.743674, 28.833396, 28.063609, 27.625318 ] }, { "date": "2026-02-20", "close": 31.01589, "volume": 34400, "typical_volume": 98330.0, "trend": 27.204358, "fair_value": 24.546856, "relative_strength": -0.977698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.688378, "energy": 95.100246, "activity_lines": [ 30.307571, 29.354884, 28.395967, 27.883296 ] }, { "date": "2026-02-27", "close": 31.456543, "volume": 44800, "typical_volume": 94225.0, "trend": 27.410683, "fair_value": 24.607681, "relative_strength": -0.84363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.855562, "energy": 94.607366, "activity_lines": [ 30.837317, 29.885587, 28.750781, 28.157631 ] }, { "date": "2026-03-06", "close": 32.192425, "volume": 96000, "typical_volume": 94175.0, "trend": 27.645413, "fair_value": 24.673511, "relative_strength": 5.451711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.368113, "energy": 95.40292, "activity_lines": [ 31.418065, 30.45739, 29.149638, 28.46613 ] }, { "date": "2026-03-13", "close": 33.065674, "volume": 70000, "typical_volume": 90475.0, "trend": 27.900413, "fair_value": 24.757693, "relative_strength": 10.229675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.648899, "energy": 95.349244, "activity_lines": [ 32.078288, 31.083459, 29.602206, 28.815824 ] }, { "date": "2026-03-20", "close": 33.929111, "volume": 81300, "typical_volume": 89340.0, "trend": 28.160473, "fair_value": 24.845587, "relative_strength": 17.503675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.841492, "energy": 95.86753, "activity_lines": [ 32.827633, 31.761233, 30.106002, 29.204773 ] }, { "date": "2026-03-27", "close": 35.655983, "volume": 184600, "typical_volume": 93550.0, "trend": 28.46798, "fair_value": 24.938876, "relative_strength": 20.923413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.250237, "energy": 95.167515, "activity_lines": [ 33.935652, 32.639037, 30.739103, 29.688354 ] }, { "date": "2026-04-03", "close": 34.945232, "volume": 118100, "typical_volume": 92590.0, "trend": 28.764922, "fair_value": 25.025049, "relative_strength": 14.301556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.621567, "energy": 82.327328, "activity_lines": [ 34.497413, 33.253874, 31.263308, 30.106241 ] }, { "date": "2026-04-10", "close": 33.997559, "volume": 170400, "typical_volume": 98170.0, "trend": 29.019961, "fair_value": 25.103117, "relative_strength": 9.158827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.166151, "energy": 67.968381, "activity_lines": [ 34.510705, 33.579988, 31.663156, 30.443831 ] }, { "date": "2026-04-17", "close": 32.349018, "volume": 130100, "typical_volume": 99210.0, "trend": 29.221924, "fair_value": 25.172454, "relative_strength": 1.954522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.141856, "energy": 63.38724, "activity_lines": [ 33.85414, 33.515835, 31.874143, 30.658608 ] }, { "date": "2026-04-24", "close": 33.168354, "volume": 56000, "typical_volume": 96965.0, "trend": 29.409944, "fair_value": 25.246179, "relative_strength": 5.87393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.037225, "energy": 47.963796, "activity_lines": [ 33.518464, 33.559495, 32.139842, 30.913217 ] }, { "date": "2026-05-01", "close": 34.088715, "volume": 71000, "typical_volume": 96865.0, "trend": 29.648953, "fair_value": 25.332227, "relative_strength": 8.745936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.680557, "energy": 42.126114, "activity_lines": [ 33.540293, 33.725156, 32.466135, 31.215073 ] }, { "date": "2026-05-08", "close": 32.884655, "volume": 57400, "typical_volume": 93260.0, "trend": 29.878844, "fair_value": 25.411871, "relative_strength": 4.312829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.901507, "energy": 30.970349, "activity_lines": [ 33.265253, 33.616027, 32.644553, 31.423828 ] }, { "date": "2026-05-15", "close": 34.562443, "volume": 134200, "typical_volume": 97090.0, "trend": 30.16403, "fair_value": 25.501831, "relative_strength": 10.301236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.695323, "energy": 40.890846, "activity_lines": [ 33.686847, 33.785985, 32.951681, 31.725996 ] }, { "date": "2026-05-22", "close": 34.986824, "volume": 65000, "typical_volume": 95975.0, "trend": 30.4451, "fair_value": 25.594951, "relative_strength": 9.403664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.199506, "energy": 49.970796, "activity_lines": [ 34.212243, 33.990013, 33.260571, 32.037144 ] }, { "date": "2026-05-29", "close": 33.177471, "volume": 82100, "typical_volume": 94130.0, "trend": 30.666155, "fair_value": 25.676812, "relative_strength": 2.791275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.392254, "energy": 38.069469, "activity_lines": [ 33.958667, 33.830137, 33.360418, 32.213426 ] }, { "date": "2026-06-05", "close": 34.379406, "volume": 6600, "typical_volume": 90195.0, "trend": 30.91204, "fair_value": 25.764906, "relative_strength": 7.460283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.721443, "energy": 41.316772, "activity_lines": [ 34.105128, 33.90246, 33.548472, 32.45299 ] }, { "date": "2026-06-12", "close": 34.468807, "volume": 9000, "typical_volume": 81995.0, "trend": 31.13488, "fair_value": 25.85529, "relative_strength": 6.069671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.896126, "energy": 38.970423, "activity_lines": [ 34.262011, 34.014249, 33.716092, 32.682459 ] }, { "date": "2026-06-19", "close": 32.730469, "volume": 3900, "typical_volume": 78450.0, "trend": 31.315645, "fair_value": 25.938406, "relative_strength": 0.703923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.611362, "energy": 20.27437, "activity_lines": [ 33.733837, 33.818639, 33.689934, 32.7854 ] }, { "date": "2026-06-26", "close": 32.597248, "volume": 23800, "typical_volume": 74115.0, "trend": 31.487151, "fair_value": 26.015838, "relative_strength": 0.278843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.606094, "energy": 10.621198, "activity_lines": [ 33.283388, 33.621845, 33.633411, 32.868084 ] }, { "date": "2026-07-03", "close": 32.636997, "volume": 3000, "typical_volume": 72085.0, "trend": 31.658863, "fair_value": 26.092833, "relative_strength": -0.333257, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.742694, "energy": 12.064431, "activity_lines": [ 33.005494, 33.427764, 33.568712, 32.942268 ] }, { "date": "2026-07-10", "close": 33.680508, "volume": 41200, "typical_volume": 72425.0, "trend": 31.877673, "fair_value": 26.175578, "relative_strength": 2.700117, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.093435, "energy": 15.97901, "activity_lines": [ 33.111468, 33.433074, 33.594052, 33.072697 ] }, { "date": "2026-07-17", "close": 34.654449, "volume": 124300, "typical_volume": 76400.0, "trend": 32.154215, "fair_value": 26.260759, "relative_strength": 5.671978, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.218984, "energy": 16.515334, "activity_lines": [ 33.588682, 33.622886, 33.699459, 33.251844 ] }, { "date": "2026-07-24", "close": 35.946411, "volume": 95500, "typical_volume": 76375.0, "trend": 32.470943, "fair_value": 26.353533, "relative_strength": 9.077056, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.30286, "energy": 54.228649, "activity_lines": [ 34.484174, 34.015423, 33.912683, 33.496501 ] }, { "date": "2026-07-31", "close": 35.880001, "volume": 45000, "typical_volume": 75125.0, "trend": 32.757773, "fair_value": 26.442494, "relative_strength": 9.129531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.569106, "energy": 71.831782, "activity_lines": [ 35.143134, 34.370721, 34.101705, 33.716441 ] }, { "date": "2026-08-07", "close": 34.349998, "volume": 26800, "typical_volume": 72400.0, "trend": 32.980706, "fair_value": 26.517264, "relative_strength": 1.079501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.616426, "energy": 66.333598, "activity_lines": [ 35.073242, 34.431598, 34.131611, 33.819165 ] } ], "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." } } }