{ "ticker": { "uuid": "65f20499-d04c-4272-81f4-2d45da6db29c", "symbol": "GBRE", "name": "State Street SPDR Dow Jones Global Real Estate UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "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": 67.889, "architecture_energy": 67.467, "architecture_maturity": 22.463, "architecture_confidence": 67.267, "architecture_tenure": "Developing", "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": 4.03, "rotation_up": 76.38, "upward_expansion": 87.67, "deceleration": 54.81, "rotation_down": 12.21, "downward_expansion": 12.0 }, "activity_lines": [ 31.814333, 31.497153, 30.766529, 30.252272 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 31.635, "trend_reference": 29.611688, "distance_from_trend": 0.068328, "trend_direction": "Improving", "fair_value": 27.851176, "distance_from_fair_value": 0.135859, "fair_value_direction": "Improving", "relative_strength": -0.711497, "relative_strength_direction": "Weakening", "price_momentum": 0.118587, "excess_performance": 0.035704, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.068328, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03947, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.135859, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.05995, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.007115, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.032184, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.118587, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.123715, "read": "Demand-led" } ], "volume": { "latest": 451, "relative_activity": 0.49859, "balance": 2.123715, "dry_up": 1.093638, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.018641, "annualized_volatility": 0.131154, "from_high_reference": -0.047569, "from_low_reference": 0.179955 }, "levels": { "trend_reference": 29.611688, "fair_value_reference": 27.851176, "structural_low": 27.65, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.005412, "positive_rate": 0.535714, "directional_follow_through": 0.535714, "median_excess_return": -0.002114, "regime_survival": 0.678571, "best_return": 0.077636, "worst_return": -0.11439, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.02076, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.001305, "regime_survival": 0.5, "best_return": 0.08932, "worst_return": -0.148953, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.07425, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.006849, "regime_survival": 0.6, "best_return": 0.076964, "worst_return": -0.137698, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.020559, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.023554, "regime_survival": 0.0, "best_return": 0.114789, "worst_return": -0.073671, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-04-19", "tenure": "Developing", "return": -0.019766, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.047069, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-07", "tenure": "New", "return": -0.009009, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.059121, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-12-20", "tenure": "Established", "return": 0.014819, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-03-28", "tenure": "Established", "return": -0.012852, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-08-15", "tenure": "Established", "return": 0.020474, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-12", "tenure": "New", "return": 0.001954, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": 0.01429, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-12-26", "tenure": "Developing", "return": 0.003505, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.034961, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-05-29", "tenure": "Established", "return": 0.057166, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": 0.029725, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.05053, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.111536, "volume": 269, "typical_volume": 5356.95, "trend": 26.500576, "fair_value": 29.335574, "relative_strength": -5.369038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.662258, "energy": 44.899538, "activity_lines": [ 25.718948, 25.905862, 25.949931, 26.074939 ] }, { "date": "2023-08-25", "close": 25.468742, "volume": 263, "typical_volume": 5354.95, "trend": 26.392583, "fair_value": 29.343213, "relative_strength": -4.680863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.909679, "energy": 52.32021, "activity_lines": [ 25.566165, 25.814316, 25.902984, 26.008369 ] }, { "date": "2023-09-01", "close": 25.89554, "volume": 2450, "typical_volume": 5204.95, "trend": 26.273225, "fair_value": 29.351213, "relative_strength": -3.791595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.169487, "energy": 50.680413, "activity_lines": [ 25.620288, 25.816424, 25.8994, 25.976302 ] }, { "date": "2023-09-08", "close": 25.793482, "volume": 0, "typical_volume": 5039.3, "trend": 26.179864, "fair_value": 29.36273, "relative_strength": -2.759046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.477421, "energy": 47.712756, "activity_lines": [ 25.66606, 25.787915, 25.885596, 25.945351 ] }, { "date": "2023-09-15", "close": 25.992962, "volume": 1, "typical_volume": 4539.7, "trend": 26.100922, "fair_value": 29.373012, "relative_strength": -3.906767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.283152, "energy": 19.830373, "activity_lines": [ 25.791625, 25.799554, 25.891105, 25.933292 ] }, { "date": "2023-09-22", "close": 25.24851, "volume": 164, "typical_volume": 4216.1, "trend": 26.005848, "fair_value": 29.38465, "relative_strength": -4.805157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.716477, "energy": 29.110279, "activity_lines": [ 25.656978, 25.684274, 25.826174, 25.878298 ] }, { "date": "2023-09-29", "close": 25.047569, "volume": 1, "typical_volume": 4212.2, "trend": 25.906818, "fair_value": 29.389769, "relative_strength": -4.900475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.863246, "energy": 50.354605, "activity_lines": [ 25.446218, 25.546838, 25.747162, 25.816474 ] }, { "date": "2023-10-06", "close": 24.285868, "volume": 7545, "typical_volume": 4584.4, "trend": 25.820785, "fair_value": 29.385833, "relative_strength": -6.475565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.955241, "energy": 80.845333, "activity_lines": [ 25.009637, 25.296197, 25.600197, 25.711896 ] }, { "date": "2023-10-13", "close": 24.818592, "volume": 66, "typical_volume": 4222.2, "trend": 25.77734, "fair_value": 29.389484, "relative_strength": -4.779132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.017981, "energy": 78.591574, "activity_lines": [ 24.857941, 25.178682, 25.511067, 25.647239 ] }, { "date": "2023-10-20", "close": 23.416679, "volume": 2177, "typical_volume": 3620.6, "trend": 25.728721, "fair_value": 29.385985, "relative_strength": -5.17197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.78523, "energy": 94.442744, "activity_lines": [ 24.303934, 24.827627, 25.290794, 25.494938 ] }, { "date": "2023-10-27", "close": 23.45406, "volume": 11485, "typical_volume": 3566.9, "trend": 25.621858, "fair_value": 29.388597, "relative_strength": -4.568345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.137745, "energy": 94.51625, "activity_lines": [ 23.93414, 24.52692, 25.085824, 25.348186 ] }, { "date": "2023-11-03", "close": 24.813919, "volume": 7860, "typical_volume": 3788.65, "trend": 25.581023, "fair_value": 29.393721, "relative_strength": -1.329944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.06385, "energy": 74.897502, "activity_lines": [ 24.137262, 24.503596, 25.024557, 25.29606 ] }, { "date": "2023-11-10", "close": 24.351292, "volume": 67, "typical_volume": 3791.9, "trend": 25.533046, "fair_value": 29.384166, "relative_strength": -2.744421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.46961, "energy": 55.331824, "activity_lines": [ 24.201751, 24.408064, 24.926553, 25.216723 ] }, { "date": "2023-11-17", "close": 25.038227, "volume": 7737, "typical_volume": 4174.65, "trend": 25.505667, "fair_value": 29.378291, "relative_strength": -1.569129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.29872, "energy": 34.426232, "activity_lines": [ 24.490857, 24.465507, 24.898166, 25.184799 ] }, { "date": "2023-11-24", "close": 25.084957, "volume": 86, "typical_volume": 3873.45, "trend": 25.47218, "fair_value": 29.371798, "relative_strength": -2.528329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.633626, "energy": 26.224206, "activity_lines": [ 24.780898, 24.545177, 24.878843, 25.157657 ] }, { "date": "2023-12-01", "close": 25.47282, "volume": 80, "typical_volume": 3686.35, "trend": 25.444261, "fair_value": 29.368431, "relative_strength": -0.97582, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.525005, "energy": 21.138213, "activity_lines": [ 25.089007, 24.711878, 24.902991, 25.157698 ] }, { "date": "2023-12-08", "close": 25.96349, "volume": 71, "typical_volume": 3518.85, "trend": 25.442665, "fair_value": 29.37063, "relative_strength": -0.635568, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.993952, "energy": 24.45486, "activity_lines": [ 25.42609, 24.963713, 24.976568, 25.191197 ] }, { "date": "2023-12-15", "close": 27.18783, "volume": 4083, "typical_volume": 3341.3, "trend": 25.489699, "fair_value": 29.377895, "relative_strength": 3.003152, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 48.192286, "energy": 54.885374, "activity_lines": [ 26.094647, 25.421502, 25.16901, 25.303788 ] }, { "date": "2023-12-22", "close": 26.918144, "volume": 3346, "typical_volume": 2474.05, "trend": 25.543077, "fair_value": 29.384313, "relative_strength": 2.374257, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.529178, "energy": 67.983253, "activity_lines": [ 26.484207, 25.777494, 25.331447, 25.395946 ] }, { "date": "2023-12-29", "close": 26.701937, "volume": 125, "typical_volume": 2393.8, "trend": 25.570388, "fair_value": 29.388142, "relative_strength": 1.749932, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.341165, "energy": 67.635585, "activity_lines": [ 26.67637, 26.056002, 25.468887, 25.470711 ] }, { "date": "2024-01-05", "close": 26.452822, "volume": 48, "typical_volume": 2382.75, "trend": 25.570997, "fair_value": 29.393619, "relative_strength": 0.409123, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.600257, "energy": 70.497469, "activity_lines": [ 26.677696, 26.229485, 25.578365, 25.527642 ] }, { "date": "2024-01-12", "close": 26.60323, "volume": 3301, "typical_volume": 2534.65, "trend": 25.579379, "fair_value": 29.398634, "relative_strength": 0.73203, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.800173, "energy": 69.659507, "activity_lines": [ 26.663824, 26.375791, 25.69578, 25.594238 ] }, { "date": "2024-01-19", "close": 26.297712, "volume": 47, "typical_volume": 2414.5, "trend": 25.614898, "fair_value": 29.400291, "relative_strength": 0.332122, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.042433, "energy": 48.348066, "activity_lines": [ 26.505464, 26.434016, 25.778696, 25.640582 ] }, { "date": "2024-01-26", "close": 26.415224, "volume": 3471, "typical_volume": 2588.05, "trend": 25.628509, "fair_value": 29.400716, "relative_strength": -1.166427, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.528961, "energy": 36.614361, "activity_lines": [ 26.445616, 26.478218, 25.870888, 25.692216 ] }, { "date": "2024-02-02", "close": 26.058002, "volume": 3406, "typical_volume": 2758.3, "trend": 25.615214, "fair_value": 29.393844, "relative_strength": -0.971677, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.319634, "energy": 30.36633, "activity_lines": [ 26.300222, 26.432433, 25.926099, 25.719925 ] }, { "date": "2024-02-09", "close": 26.523329, "volume": 145, "typical_volume": 2757.35, "trend": 25.631346, "fair_value": 29.388136, "relative_strength": 2.29191, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.82391, "energy": 30.354517, "activity_lines": [ 26.352865, 26.453562, 26.025316, 25.778513 ] }, { "date": "2024-02-16", "close": 26.659634, "volume": 3370, "typical_volume": 2925.8, "trend": 25.638723, "fair_value": 29.383777, "relative_strength": 0.961526, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.304984, "energy": 37.342082, "activity_lines": [ 26.446243, 26.480373, 26.131445, 25.844854 ] }, { "date": "2024-02-23", "close": 26.772438, "volume": 100, "typical_volume": 2553.55, "trend": 25.655118, "fair_value": 29.375806, "relative_strength": -0.101177, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.503143, "energy": 45.157835, "activity_lines": [ 26.573463, 26.515037, 26.24064, 25.917997 ] }, { "date": "2024-03-01", "close": 26.781837, "volume": 3593, "typical_volume": 2729.9, "trend": 25.681414, "fair_value": 29.369349, "relative_strength": 0.102096, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.151088, "energy": 54.123771, "activity_lines": [ 26.672167, 26.558963, 26.338889, 25.990688 ] }, { "date": "2024-03-08", "close": 27.157856, "volume": 10036, "typical_volume": 3122.85, "trend": 25.726275, "fair_value": 29.357834, "relative_strength": 0.308083, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.977515, "energy": 70.109933, "activity_lines": [ 26.871769, 26.673733, 26.463601, 26.085943 ] }, { "date": "2024-03-15", "close": 26.748934, "volume": 3476, "typical_volume": 2722.4, "trend": 25.780855, "fair_value": 29.340313, "relative_strength": -1.308552, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.088316, "energy": 71.976579, "activity_lines": [ 26.861741, 26.705865, 26.531553, 26.151921 ] }, { "date": "2024-03-22", "close": 27.586847, "volume": 6801, "typical_volume": 2669.45, "trend": 25.851458, "fair_value": 29.326148, "relative_strength": 1.969879, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.389956, "energy": 83.245894, "activity_lines": [ 27.115977, 26.884961, 26.663617, 26.268436 ] }, { "date": "2024-03-29", "close": 28.078962, "volume": 3298, "typical_volume": 2831.0, "trend": 25.924239, "fair_value": 29.314491, "relative_strength": 3.10065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.254895, "energy": 91.080669, "activity_lines": [ 27.472437, 27.135649, 26.829344, 26.412146 ] }, { "date": "2024-04-05", "close": 27.213026, "volume": 594, "typical_volume": 2473.85, "trend": 25.971557, "fair_value": 29.296694, "relative_strength": 1.919606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.579683, "energy": 66.564971, "activity_lines": [ 27.45315, 27.196507, 26.89485, 26.495294 ] }, { "date": "2024-04-12", "close": 27.170441, "volume": 4548, "typical_volume": 2696.95, "trend": 26.010806, "fair_value": 29.276714, "relative_strength": 2.702433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.90773, "energy": 52.702442, "activity_lines": [ 27.390922, 27.235117, 26.945944, 26.572641 ] }, { "date": "2024-04-19", "close": 26.252457, "volume": 7729, "typical_volume": 3079.4, "trend": 26.044271, "fair_value": 29.249221, "relative_strength": -0.092641, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.704105, "energy": 24.773051, "activity_lines": [ 27.02186, 27.086594, 26.89968, 26.588232 ] }, { "date": "2024-04-26", "close": 26.640469, "volume": 7115, "typical_volume": 3431.6, "trend": 26.097368, "fair_value": 29.223878, "relative_strength": 0.899655, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.918698, "energy": 22.531457, "activity_lines": [ 26.815234, 27.013544, 26.886658, 26.626696 ] }, { "date": "2024-05-03", "close": 27.047413, "volume": 745, "typical_volume": 3264.7, "trend": 26.189419, "fair_value": 29.203334, "relative_strength": 2.985515, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.407966, "energy": 23.448519, "activity_lines": [ 26.807348, 27.014833, 26.909168, 26.687989 ] }, { "date": "2024-05-10", "close": 27.298203, "volume": 459, "typical_volume": 3120.35, "trend": 26.272073, "fair_value": 29.186252, "relative_strength": -0.371248, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.470589, "energy": 24.627965, "activity_lines": [ 26.951829, 27.05672, 26.956231, 26.759524 ] }, { "date": "2024-05-17", "close": 27.894421, "volume": 391, "typical_volume": 3133.65, "trend": 26.421331, "fair_value": 29.172373, "relative_strength": -0.672846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.684642, "energy": 42.438099, "activity_lines": [ 27.28937, 27.197622, 27.058268, 26.864191 ] }, { "date": "2024-05-24", "close": 27.312399, "volume": 347, "typical_volume": 3148.6, "trend": 26.549942, "fair_value": 29.150523, "relative_strength": -1.939535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.314977, "energy": 44.861911, "activity_lines": [ 27.384639, 27.219309, 27.099195, 26.92168 ] }, { "date": "2024-05-31", "close": 27.127855, "volume": 198, "typical_volume": 2993.45, "trend": 26.627074, "fair_value": 29.122576, "relative_strength": -3.162362, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.676631, "energy": 39.2184, "activity_lines": [ 27.34773, 27.197199, 27.118454, 26.958964 ] }, { "date": "2024-06-07", "close": 27.066343, "volume": 423, "typical_volume": 3012.25, "trend": 26.717575, "fair_value": 29.089658, "relative_strength": -5.274324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.022671, "energy": 30.581613, "activity_lines": [ 27.257825, 27.172249, 27.129355, 26.987304 ] }, { "date": "2024-06-14", "close": 26.75877, "volume": 1527, "typical_volume": 2915.05, "trend": 26.774927, "fair_value": 29.054796, "relative_strength": -4.643728, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.719422, "energy": 10.354193, "activity_lines": [ 27.064134, 27.109789, 27.107305, 26.989962 ] }, { "date": "2024-06-21", "close": 26.905458, "volume": 4185, "typical_volume": 2954.0, "trend": 26.83561, "fair_value": 29.021785, "relative_strength": -3.860776, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.377265, "energy": 12.471258, "activity_lines": [ 26.955301, 27.082258, 27.097588, 26.998383 ] }, { "date": "2024-06-28", "close": 27.19512, "volume": 107, "typical_volume": 2952.1, "trend": 26.89302, "fair_value": 28.990206, "relative_strength": -2.640874, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.74201, "energy": 16.231402, "activity_lines": [ 27.008952, 27.112211, 27.111423, 27.021577 ] }, { "date": "2024-07-05", "close": 27.362192, "volume": 616, "typical_volume": 2814.4, "trend": 26.939643, "fair_value": 28.957945, "relative_strength": -2.018734, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.007556, "energy": 16.339292, "activity_lines": [ 27.126113, 27.155401, 27.13797, 27.051847 ] }, { "date": "2024-07-12", "close": 28.340776, "volume": 628, "typical_volume": 2840.8, "trend": 26.978075, "fair_value": 28.928564, "relative_strength": -1.419112, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.319554, "energy": 65.08472, "activity_lines": [ 27.553846, 27.363394, 27.254371, 27.142242 ] }, { "date": "2024-07-19", "close": 28.321684, "volume": 4023, "typical_volume": 2862.3, "trend": 27.02486, "fair_value": 28.899259, "relative_strength": 0.093046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.295453, "energy": 81.014192, "activity_lines": [ 27.890253, 27.544399, 27.361484, 27.228927 ] }, { "date": "2024-07-26", "close": 27.958891, "volume": 447, "typical_volume": 2382.85, "trend": 27.066758, "fair_value": 28.868731, "relative_strength": -1.707398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.146321, "energy": 76.034991, "activity_lines": [ 28.001535, 27.640834, 27.426714, 27.289187 ] }, { "date": "2024-08-02", "close": 27.643833, "volume": 94, "typical_volume": 2213.75, "trend": 27.106459, "fair_value": 28.833526, "relative_strength": 0.191752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.89467, "energy": 71.618772, "activity_lines": [ 27.937568, 27.678813, 27.458123, 27.326417 ] }, { "date": "2024-08-09", "close": 28.164158, "volume": 665, "typical_volume": 1906.95, "trend": 27.158489, "fair_value": 28.801911, "relative_strength": 2.122685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.52605, "energy": 58.391039, "activity_lines": [ 28.017129, 27.80537, 27.534826, 27.394656 ] }, { "date": "2024-08-16", "close": 28.483986, "volume": 3589, "typical_volume": 1921.5, "trend": 27.231365, "fair_value": 28.773872, "relative_strength": 0.530333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.812953, "energy": 48.794251, "activity_lines": [ 28.149835, 27.971236, 27.63924, 27.480172 ] }, { "date": "2024-08-23", "close": 28.779947, "volume": 1, "typical_volume": 1891.85, "trend": 27.310189, "fair_value": 28.747307, "relative_strength": 0.263816, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.745698, "energy": 55.342469, "activity_lines": [ 28.371647, 28.165138, 27.769911, 27.580081 ] }, { "date": "2024-08-30", "close": 28.870646, "volume": 3421, "typical_volume": 1835.5, "trend": 27.403944, "fair_value": 28.714538, "relative_strength": -0.127207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.382936, "energy": 76.318222, "activity_lines": [ 28.593142, 28.338782, 27.90176, 27.680755 ] }, { "date": "2024-09-06", "close": 28.608099, "volume": 19146, "typical_volume": 2406.35, "trend": 27.473436, "fair_value": 28.685599, "relative_strength": 3.315706, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.666687, "energy": 72.437357, "activity_lines": [ 28.666337, 28.428959, 28.000507, 27.758443 ] }, { "date": "2024-09-13", "close": 29.777628, "volume": 6, "typical_volume": 2050.9, "trend": 27.57737, "fair_value": 28.663619, "relative_strength": 6.252517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.273139, "energy": 85.485629, "activity_lines": [ 29.06509, 28.706088, 28.199421, 27.9071 ] }, { "date": "2024-09-20", "close": 29.787176, "volume": 5706, "typical_volume": 2298.95, "trend": 27.677861, "fair_value": 28.644666, "relative_strength": 7.025684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.617038, "energy": 84.482244, "activity_lines": [ 29.359462, 28.941035, 28.384305, 28.049668 ] }, { "date": "2024-09-27", "close": 29.656733, "volume": 273, "typical_volume": 2289.65, "trend": 27.773691, "fair_value": 28.627974, "relative_strength": 3.824802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.857097, "energy": 75.746669, "activity_lines": [ 29.523473, 29.125968, 28.54372, 28.177337 ] }, { "date": "2024-10-04", "close": 29.334846, "volume": 9332, "typical_volume": 2736.7, "trend": 27.846257, "fair_value": 28.6076, "relative_strength": 4.55044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.605425, "energy": 68.770625, "activity_lines": [ 29.521736, 29.228101, 28.661247, 28.278057 ] }, { "date": "2024-10-11", "close": 29.056198, "volume": 6354, "typical_volume": 3037.05, "trend": 27.923166, "fair_value": 28.579159, "relative_strength": 2.123258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.405418, "energy": 53.735084, "activity_lines": [ 29.39617, 29.254555, 28.745378, 28.356118 ] }, { "date": "2024-10-18", "close": 29.959402, "volume": 1042, "typical_volume": 3079.25, "trend": 28.002251, "fair_value": 28.556082, "relative_strength": 3.680815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.292245, "energy": 55.621837, "activity_lines": [ 29.541799, 29.419547, 28.907224, 28.487488 ] }, { "date": "2024-10-25", "close": 29.752819, "volume": 5290, "typical_volume": 3322.6, "trend": 28.058046, "fair_value": 28.53114, "relative_strength": 4.027181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.873914, "energy": 50.422, "activity_lines": [ 29.606448, 29.514339, 29.035912, 28.600428 ] }, { "date": "2024-11-01", "close": 29.017767, "volume": 10009, "typical_volume": 3746.7, "trend": 28.118204, "fair_value": 28.498589, "relative_strength": 3.228078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.194979, "energy": 37.319453, "activity_lines": [ 29.428371, 29.452415, 29.081803, 28.662345 ] }, { "date": "2024-11-08", "close": 29.680756, "volume": 6473, "typical_volume": 3861.1, "trend": 28.201881, "fair_value": 28.468355, "relative_strength": 6.920638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.126706, "energy": 44.807459, "activity_lines": [ 29.513887, 29.50671, 29.180078, 28.763155 ] }, { "date": "2024-11-15", "close": 29.402109, "volume": 15783, "typical_volume": 4644.9, "trend": 28.30687, "fair_value": 28.436023, "relative_strength": 7.298998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.825501, "energy": 32.539803, "activity_lines": [ 29.483461, 29.495613, 29.238599, 28.840589 ] }, { "date": "2024-11-22", "close": 29.675953, "volume": 9199, "typical_volume": 5074.05, "trend": 28.408053, "fair_value": 28.408458, "relative_strength": 7.272642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.290776, "energy": 34.901646, "activity_lines": [ 29.521255, 29.51987, 29.312692, 28.928917 ] }, { "date": "2024-11-29", "close": 30.46385, "volume": 8657, "typical_volume": 5475.5, "trend": 28.521934, "fair_value": 28.391001, "relative_strength": 9.451478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.15878, "energy": 50.882906, "activity_lines": [ 29.840578, 29.689228, 29.450804, 29.061549 ] }, { "date": "2024-12-06", "close": 29.45015, "volume": 7414, "typical_volume": 5645.05, "trend": 28.593666, "fair_value": 28.360937, "relative_strength": 5.528845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.017669, "energy": 37.595755, "activity_lines": [ 29.774599, 29.661975, 29.482264, 29.121434 ] }, { "date": "2024-12-13", "close": 29.488586, "volume": 548, "typical_volume": 5650.1, "trend": 28.646804, "fair_value": 28.329699, "relative_strength": 6.36589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.15622, "energy": 36.365151, "activity_lines": [ 29.692606, 29.645466, 29.51201, 29.179171 ] }, { "date": "2024-12-20", "close": 28.741373, "volume": 380, "typical_volume": 5664.4, "trend": 28.694437, "fair_value": 28.293571, "relative_strength": 6.393266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.312311, "energy": 12.594881, "activity_lines": [ 29.374354, 29.490305, 29.463309, 29.185272 ] }, { "date": "2024-12-27", "close": 28.982979, "volume": 434, "typical_volume": 5652.85, "trend": 28.756274, "fair_value": 28.254055, "relative_strength": 5.306965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.453338, "energy": 13.864015, "activity_lines": [ 29.180686, 29.384796, 29.432392, 29.203888 ] }, { "date": "2025-01-03", "close": 28.82835, "volume": 12992, "typical_volume": 6123.0, "trend": 28.815008, "fair_value": 28.215774, "relative_strength": 4.335275, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.244041, "energy": 16.156457, "activity_lines": [ 28.981674, 29.268927, 29.382849, 29.208538 ] }, { "date": "2025-01-10", "close": 28.461111, "volume": 5390, "typical_volume": 6392.45, "trend": 28.871753, "fair_value": 28.181387, "relative_strength": 1.503529, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.775411, "energy": 29.792923, "activity_lines": [ 28.769282, 29.103095, 29.296691, 29.185706 ] }, { "date": "2025-01-17", "close": 29.316391, "volume": 21604, "typical_volume": 7301.6, "trend": 28.952117, "fair_value": 28.156933, "relative_strength": 2.75217, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.796435, "energy": 19.441319, "activity_lines": [ 28.907919, 29.102889, 29.293507, 29.214392 ] }, { "date": "2025-01-24", "close": 29.388876, "volume": 495, "typical_volume": 6369.05, "trend": 29.025242, "fair_value": 28.138079, "relative_strength": 0.45733, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.434834, "energy": 10.970179, "activity_lines": [ 29.082197, 29.122487, 29.295103, 29.24257 ] }, { "date": "2025-01-31", "close": 29.688465, "volume": 4925, "typical_volume": 6615.0, "trend": 29.102785, "fair_value": 28.11524, "relative_strength": -1.045093, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.674163, "energy": 17.108264, "activity_lines": [ 29.313172, 29.196797, 29.321514, 29.285358 ] }, { "date": "2025-02-07", "close": 29.760948, "volume": 3519, "typical_volume": 6505.65, "trend": 29.150124, "fair_value": 28.093864, "relative_strength": -0.751463, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.726005, "energy": 28.683246, "activity_lines": [ 29.521275, 29.284058, 29.355253, 29.327821 ] }, { "date": "2025-02-14", "close": 29.88658, "volume": 13206, "typical_volume": 7152.3, "trend": 29.202287, "fair_value": 28.076689, "relative_strength": -2.222928, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.433603, "energy": 37.026649, "activity_lines": [ 29.709082, 29.406941, 29.401081, 29.375334 ] }, { "date": "2025-02-21", "close": 29.785107, "volume": 4244, "typical_volume": 6897.9, "trend": 29.263161, "fair_value": 28.05932, "relative_strength": -3.350953, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.467929, "energy": 44.555124, "activity_lines": [ 29.768034, 29.503439, 29.436151, 29.412935 ] }, { "date": "2025-02-28", "close": 30.104029, "volume": 2843, "typical_volume": 6722.35, "trend": 29.345167, "fair_value": 28.04428, "relative_strength": -2.723902, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.711964, "energy": 55.674938, "activity_lines": [ 29.902045, 29.652532, 29.49945, 29.467185 ] }, { "date": "2025-03-07", "close": 29.011972, "volume": 3806, "typical_volume": 6860.55, "trend": 29.373428, "fair_value": 28.017218, "relative_strength": -6.685001, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.825882, "energy": 20.242175, "activity_lines": [ 29.62436, 29.578294, 29.453754, 29.445688 ] }, { "date": "2025-03-14", "close": 28.519094, "volume": 3786, "typical_volume": 6785.35, "trend": 29.374598, "fair_value": 27.982404, "relative_strength": -7.072591, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.617903, "energy": 12.94848, "activity_lines": [ 29.227483, 29.413914, 29.365628, 29.39057 ] }, { "date": "2025-03-21", "close": 28.543257, "volume": 596, "typical_volume": 6314.7, "trend": 29.366708, "fair_value": 27.949237, "relative_strength": -7.984446, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.935927, "energy": 41.988516, "activity_lines": [ 28.921449, 29.25955, 29.285679, 29.336935 ] }, { "date": "2025-03-28", "close": 28.610493, "volume": 4025, "typical_volume": 6192.3, "trend": 29.358037, "fair_value": 27.911802, "relative_strength": -5.953721, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.941023, "energy": 53.677415, "activity_lines": [ 28.727383, 29.115918, 29.214393, 29.288147 ] }, { "date": "2025-04-04", "close": 26.402203, "volume": 31803, "typical_volume": 6993.3, "trend": 29.284507, "fair_value": 27.858148, "relative_strength": -4.256602, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.2432, "energy": 85.963854, "activity_lines": [ 27.875528, 28.583612, 28.93789, 29.097448 ] }, { "date": "2025-04-11", "close": 24.617086, "volume": 30076, "typical_volume": 8037.15, "trend": 29.112489, "fair_value": 27.792994, "relative_strength": -7.332987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.774601, "energy": 96.621656, "activity_lines": [ 26.675422, 27.781044, 28.505662, 28.796324 ] }, { "date": "2025-04-18", "close": 26.227093, "volume": 12450, "typical_volume": 8226.8, "trend": 28.993819, "fair_value": 27.732916, "relative_strength": -4.779902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.943598, "energy": 88.736395, "activity_lines": [ 26.304977, 27.36341, 28.250857, 28.61017 ] }, { "date": "2025-04-25", "close": 26.630814, "volume": 8049, "typical_volume": 8258.55, "trend": 28.892955, "fair_value": 27.681416, "relative_strength": -5.49887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.688396, "energy": 86.779567, "activity_lines": [ 26.221907, 27.083432, 28.054676, 28.457718 ] }, { "date": "2025-05-02", "close": 27.277737, "volume": 142, "typical_volume": 8238.25, "trend": 28.824385, "fair_value": 27.642859, "relative_strength": -5.532381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.201739, "energy": 74.105433, "activity_lines": [ 26.481973, 26.980273, 27.933533, 28.35351 ] }, { "date": "2025-05-09", "close": 27.253416, "volume": 6066, "typical_volume": 8522.55, "trend": 28.764292, "fair_value": 27.608558, "relative_strength": -4.263757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.706876, "energy": 45.521182, "activity_lines": [ 26.822783, 26.91828, 27.820602, 28.252157 ] }, { "date": "2025-05-16", "close": 27.657133, "volume": 8041, "typical_volume": 8902.9, "trend": 28.68755, "fair_value": 27.583752, "relative_strength": -4.738695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.411938, "energy": 26.362867, "activity_lines": [ 27.241417, 26.981519, 27.753205, 28.180728 ] }, { "date": "2025-05-23", "close": 26.51894, "volume": 7859, "typical_volume": 8646.25, "trend": 28.579754, "fair_value": 27.550617, "relative_strength": -7.550747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.760685, "energy": 27.299521, "activity_lines": [ 27.077985, 26.862448, 27.583722, 28.040817 ] }, { "date": "2025-05-30", "close": 27.379881, "volume": 18492, "typical_volume": 9301.35, "trend": 28.525158, "fair_value": 27.522858, "relative_strength": -4.754471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.56274, "energy": 21.746941, "activity_lines": [ 27.182076, 26.936278, 27.507231, 27.963406 ] }, { "date": "2025-06-06", "close": 27.511211, "volume": 606, "typical_volume": 8251.45, "trend": 28.45284, "fair_value": 27.50087, "relative_strength": -5.386482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.190035, "energy": 20.281362, "activity_lines": [ 27.280005, 27.055138, 27.448396, 27.89799 ] }, { "date": "2025-06-13", "close": 27.088036, "volume": 10726, "typical_volume": 8763.0, "trend": 28.375704, "fair_value": 27.489636, "relative_strength": -5.159934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.02521, "energy": 23.963111, "activity_lines": [ 27.221312, 27.117044, 27.357855, 27.809938 ] }, { "date": "2025-06-20", "close": 27.282602, "volume": 1502, "typical_volume": 8591.85, "trend": 28.295925, "fair_value": 27.475426, "relative_strength": -2.315101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.771738, "energy": 17.194481, "activity_lines": [ 27.238499, 27.201856, 27.296801, 27.739416 ] }, { "date": "2025-06-27", "close": 26.736782, "volume": 293, "typical_volume": 8430.55, "trend": 28.17169, "fair_value": 27.457775, "relative_strength": -5.113154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.843538, "energy": 26.501275, "activity_lines": [ 27.098715, 27.138965, 27.19522, 27.638826 ] }, { "date": "2025-07-04", "close": 26.521006, "volume": 7752, "typical_volume": 8157.85, "trend": 28.074052, "fair_value": 27.43542, "relative_strength": -5.767086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.958391, "energy": 35.326184, "activity_lines": [ 26.872483, 27.027574, 27.087489, 27.53233 ] }, { "date": "2025-07-11", "close": 26.349363, "volume": 6347, "typical_volume": 8263.0, "trend": 27.969411, "fair_value": 27.414246, "relative_strength": -6.037435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.03382, "energy": 56.761593, "activity_lines": [ 26.646295, 26.886972, 26.979439, 27.42106 ] }, { "date": "2025-07-18", "close": 26.579851, "volume": 125077, "typical_volume": 14374.7, "trend": 27.89736, "fair_value": 27.390421, "relative_strength": -5.491493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.597679, "energy": 63.711166, "activity_lines": [ 26.574393, 26.805156, 26.9097, 27.331411 ] }, { "date": "2025-07-25", "close": 26.815248, "volume": 23049, "typical_volume": 15336.85, "trend": 27.825102, "fair_value": 27.362764, "relative_strength": -4.405583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.994501, "energy": 59.181968, "activity_lines": [ 26.614835, 26.778387, 26.879162, 27.261597 ] }, { "date": "2025-08-01", "close": 27.035929, "volume": 22910, "typical_volume": 16293.05, "trend": 27.765355, "fair_value": 27.338052, "relative_strength": -2.609106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.895036, "energy": 32.89238, "activity_lines": [ 26.759995, 26.807048, 26.880102, 27.210683 ] }, { "date": "2025-08-08", "close": 26.967272, "volume": 479, "typical_volume": 16287.2, "trend": 27.71556, "fair_value": 27.309175, "relative_strength": -3.028627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.832038, "energy": 19.859633, "activity_lines": [ 26.862326, 26.813826, 26.881565, 27.159193 ] }, { "date": "2025-08-15", "close": 26.942753, "volume": 295, "typical_volume": 16100.7, "trend": 27.636439, "fair_value": 27.281181, "relative_strength": -4.699087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.481599, "energy": 17.417039, "activity_lines": [ 26.926732, 26.823649, 26.888198, 27.109335 ] }, { "date": "2025-08-22", "close": 27.604795, "volume": 8417, "typical_volume": 14931.4, "trend": 27.57697, "fair_value": 27.260029, "relative_strength": -3.810804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.773551, "energy": 13.976542, "activity_lines": [ 27.172261, 26.964178, 26.965825, 27.107293 ] }, { "date": "2025-08-29", "close": 27.447868, "volume": 4187, "typical_volume": 13636.95, "trend": 27.502283, "fair_value": 27.242663, "relative_strength": -3.696385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.315022, "energy": 19.154798, "activity_lines": [ 27.29715, 27.066779, 27.022779, 27.098964 ] }, { "date": "2025-09-05", "close": 27.487099, "volume": 948, "typical_volume": 13061.85, "trend": 27.426488, "fair_value": 27.226646, "relative_strength": -4.84417, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.546513, "energy": 30.839909, "activity_lines": [ 27.392942, 27.173509, 27.06999, 27.097985 ] }, { "date": "2025-09-12", "close": 27.658739, "volume": 4249, "typical_volume": 12871.85, "trend": 27.352227, "fair_value": 27.221054, "relative_strength": -2.697697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.983672, "energy": 55.597165, "activity_lines": [ 27.515869, 27.297804, 27.127547, 27.112968 ] }, { "date": "2025-09-19", "close": 27.33017, "volume": 74, "typical_volume": 12868.45, "trend": 27.270396, "fair_value": 27.221273, "relative_strength": -2.993815, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.399791, "energy": 46.355004, "activity_lines": [ 27.483176, 27.341672, 27.148917, 27.111545 ] }, { "date": "2025-09-26", "close": 27.434214, "volume": 42, "typical_volume": 12567.25, "trend": 27.181402, "fair_value": 27.227634, "relative_strength": -1.054547, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.610839, "energy": 42.511359, "activity_lines": [ 27.459336, 27.386625, 27.179947, 27.122114 ] }, { "date": "2025-10-03", "close": 27.720707, "volume": 618, "typical_volume": 12196.1, "trend": 27.13836, "fair_value": 27.235569, "relative_strength": -4.455736, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.619729, "energy": 58.109372, "activity_lines": [ 27.542365, 27.468134, 27.2374, 27.156908 ] }, { "date": "2025-10-10", "close": 27.187237, "volume": 402, "typical_volume": 11823.25, "trend": 27.093965, "fair_value": 27.242211, "relative_strength": -5.935399, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.128068, "energy": 25.279725, "activity_lines": [ 27.429382, 27.436185, 27.243745, 27.160062 ] }, { "date": "2025-10-17", "close": 27.26627, "volume": 351, "typical_volume": 10916.2, "trend": 27.051398, "fair_value": 27.248689, "relative_strength": -6.666237, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.977726, "energy": 20.944805, "activity_lines": [ 27.362734, 27.415855, 27.254433, 27.171178 ] }, { "date": "2025-10-24", "close": 27.933107, "volume": 441, "typical_volume": 10907.95, "trend": 27.028819, "fair_value": 27.250822, "relative_strength": -3.627044, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.308912, "energy": 39.163709, "activity_lines": [ 27.54453, 27.511332, 27.329171, 27.228062 ] }, { "date": "2025-10-31", "close": 27.542883, "volume": 213, "typical_volume": 10382.3, "trend": 27.066841, "fair_value": 27.252346, "relative_strength": -2.240184, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.832709, "energy": 29.244463, "activity_lines": [ 27.556056, 27.517852, 27.364736, 27.261228 ] }, { "date": "2025-11-07", "close": 27.765163, "volume": 273, "typical_volume": 10320.85, "trend": 27.171777, "fair_value": 27.247461, "relative_strength": -1.751047, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.510934, "energy": 42.405348, "activity_lines": [ 27.63443, 27.565913, 27.419305, 27.306281 ] }, { "date": "2025-11-14", "close": 27.453972, "volume": 97, "typical_volume": 10311.05, "trend": 27.212673, "fair_value": 27.247076, "relative_strength": -5.152987, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.378068, "energy": 36.021842, "activity_lines": [ 27.60611, 27.551625, 27.441938, 27.324487 ] }, { "date": "2025-11-21", "close": 27.720707, "volume": 131, "typical_volume": 9930.0, "trend": 27.249003, "fair_value": 27.246536, "relative_strength": -3.946227, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.420551, "energy": 33.491135, "activity_lines": [ 27.648919, 27.586436, 27.486559, 27.357263 ] }, { "date": "2025-11-28", "close": 28.387547, "volume": 511, "typical_volume": 9638.2, "trend": 27.285997, "fair_value": 27.250155, "relative_strength": -2.869593, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.019, "energy": 60.522872, "activity_lines": [ 27.883713, 27.741364, 27.588976, 27.430718 ] }, { "date": "2025-12-05", "close": 27.928167, "volume": 167, "typical_volume": 3392.7, "trend": 27.308488, "fair_value": 27.252809, "relative_strength": -4.923604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.806534, "energy": 48.469613, "activity_lines": [ 27.935083, 27.793543, 27.637937, 27.472148 ] }, { "date": "2025-12-12", "close": 27.419394, "volume": 1724, "typical_volume": 2326.45, "trend": 27.300564, "fair_value": 27.255114, "relative_strength": -5.988335, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.524214, "energy": 32.0708, "activity_lines": [ 27.791178, 27.744237, 27.632023, 27.479303 ] }, { "date": "2025-12-19", "close": 27.528065, "volume": 629, "typical_volume": 1212.4, "trend": 27.334201, "fair_value": 27.261257, "relative_strength": -7.31112, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.058017, "energy": 24.236987, "activity_lines": [ 27.706547, 27.720168, 27.633582, 27.493981 ] }, { "date": "2025-12-26", "close": 27.282526, "volume": 213, "typical_volume": 1199.1, "trend": 27.330956, "fair_value": 27.266412, "relative_strength": -8.285339, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.068267, "energy": 13.818633, "activity_lines": [ 27.53513, 27.645259, 27.609412, 27.490647 ] }, { "date": "2026-01-02", "close": 27.570704, "volume": 135, "typical_volume": 1191.1, "trend": 27.332939, "fair_value": 27.270543, "relative_strength": -7.169512, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.268983, "energy": 18.762972, "activity_lines": [ 27.488985, 27.62245, 27.611187, 27.506115 ] }, { "date": "2026-01-09", "close": 28.216621, "volume": 9007, "typical_volume": 1220.6, "trend": 27.370559, "fair_value": 27.269674, "relative_strength": -5.835355, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.855846, "energy": 20.217459, "activity_lines": [ 27.712602, 27.72367, 27.671487, 27.563126 ] }, { "date": "2026-01-16", "close": 28.534611, "volume": 136, "typical_volume": 1018.05, "trend": 27.412292, "fair_value": 27.274828, "relative_strength": -4.454239, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.267005, "energy": 51.017497, "activity_lines": [ 28.022985, 27.870456, 27.759159, 27.638227 ] }, { "date": "2026-01-23", "close": 27.804226, "volume": 760, "typical_volume": 1008.65, "trend": 27.447874, "fair_value": 27.269032, "relative_strength": -4.785188, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.466184, "energy": 48.865896, "activity_lines": [ 28.015558, 27.870455, 27.772095, 27.663513 ] }, { "date": "2026-01-30", "close": 27.401772, "volume": 408, "typical_volume": 816.6, "trend": 27.477233, "fair_value": 27.255733, "relative_strength": -6.229488, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.072715, "energy": 29.272271, "activity_lines": [ 27.85557, 27.790912, 27.745193, 27.660538 ] }, { "date": "2026-02-06", "close": 28.28121, "volume": 7281, "typical_volume": 1176.95, "trend": 27.541628, "fair_value": 27.253726, "relative_strength": -4.760736, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.399408, "energy": 39.170439, "activity_lines": [ 27.980777, 27.877066, 27.803269, 27.712408 ] }, { "date": "2026-02-13", "close": 28.8526, "volume": 14214, "typical_volume": 1885.55, "trend": 27.617386, "fair_value": 27.256876, "relative_strength": -3.87157, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.905687, "energy": 40.340348, "activity_lines": [ 28.249081, 28.069042, 27.911236, 27.796987 ] }, { "date": "2026-02-20", "close": 29.210339, "volume": 24, "typical_volume": 1855.85, "trend": 27.697222, "fair_value": 27.263989, "relative_strength": -4.338333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.959062, "energy": 67.936265, "activity_lines": [ 28.594233, 28.309255, 28.046518, 27.899758 ] }, { "date": "2026-02-27", "close": 29.508453, "volume": 34, "typical_volume": 1837.45, "trend": 27.77964, "fair_value": 27.27354, "relative_strength": -4.252764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.089617, "energy": 84.572646, "activity_lines": [ 28.993708, 28.571106, 28.203099, 28.016611 ] }, { "date": "2026-03-06", "close": 29.091091, "volume": 851, "typical_volume": 1862.45, "trend": 27.850434, "fair_value": 27.287798, "relative_strength": 1.012862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.603513, "energy": 79.824371, "activity_lines": [ 29.140446, 28.721067, 28.308877, 28.101221 ] }, { "date": "2026-03-13", "close": 28.614107, "volume": 214, "typical_volume": 1851.1, "trend": 27.906145, "fair_value": 27.303774, "relative_strength": 1.321486, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.408033, "energy": 73.659569, "activity_lines": [ 29.015569, 28.751421, 28.360539, 28.15049 ] }, { "date": "2026-03-20", "close": 27.764479, "volume": 65, "typical_volume": 1843.7, "trend": 27.911468, "fair_value": 27.322294, "relative_strength": 2.385427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.572395, "energy": 25.307322, "activity_lines": [ 28.585289, 28.608326, 28.328041, 28.141351 ] }, { "date": "2026-03-27", "close": 27.65, "volume": 2501, "typical_volume": 1955.1, "trend": 27.918206, "fair_value": 27.328641, "relative_strength": -0.033761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.164098, "energy": 15.870199, "activity_lines": [ 28.189391, 28.452637, 28.283585, 28.124482 ] }, { "date": "2026-04-03", "close": 28.615, "volume": 2657, "typical_volume": 2083.1, "trend": 27.955803, "fair_value": 27.345154, "relative_strength": 0.228715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.709422, "energy": 24.134869, "activity_lines": [ 28.219183, 28.488486, 28.331582, 28.169436 ] }, { "date": "2026-04-10", "close": 29.235001, "volume": 28, "typical_volume": 2077.95, "trend": 28.008345, "fair_value": 27.367233, "relative_strength": 0.812532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.697773, "energy": 25.781522, "activity_lines": [ 28.515205, 28.622322, 28.433098, 28.251965 ] }, { "date": "2026-04-17", "close": 29.92, "volume": 510, "typical_volume": 2077.9, "trend": 28.094672, "fair_value": 27.393262, "relative_strength": 1.322368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.956717, "energy": 51.502176, "activity_lines": [ 29.029966, 28.847371, 28.592642, 28.375298 ] }, { "date": "2026-04-24", "close": 29.587254, "volume": 4022, "typical_volume": 2270.65, "trend": 28.16644, "fair_value": 27.415683, "relative_strength": 2.136121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.512742, "energy": 71.516366, "activity_lines": [ 29.346752, 28.982125, 28.713197, 28.471593 ] }, { "date": "2026-05-01", "close": 29.423458, "volume": 51, "typical_volume": 2187.0, "trend": 28.223199, "fair_value": 27.435638, "relative_strength": 1.816897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.421009, "energy": 73.810121, "activity_lines": [ 29.487421, 29.073741, 28.810253, 28.552691 ] }, { "date": "2026-05-08", "close": 29.542582, "volume": 116, "typical_volume": 2161.35, "trend": 28.30171, "fair_value": 27.458274, "relative_strength": 2.506919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.865714, "energy": 74.385852, "activity_lines": [ 29.549567, 29.18314, 28.909111, 28.637813 ] }, { "date": "2026-05-15", "close": 29.140539, "volume": 275, "typical_volume": 2164.45, "trend": 28.364186, "fair_value": 27.479837, "relative_strength": 0.23084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.071456, "energy": 57.139444, "activity_lines": [ 29.41586, 29.218821, 28.960086, 28.691931 ] }, { "date": "2026-05-22", "close": 29.775866, "volume": 1857, "typical_volume": 2250.55, "trend": 28.425611, "fair_value": 27.50842, "relative_strength": 0.242022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.531448, "energy": 46.848076, "activity_lines": [ 29.500227, 29.369116, 29.062721, 28.783007 ] }, { "date": "2026-05-29", "close": 29.393677, "volume": 178, "typical_volume": 1809.1, "trend": 28.487304, "fair_value": 27.530927, "relative_strength": -1.27349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.82907, "energy": 37.579687, "activity_lines": [ 29.466806, 29.428799, 29.118455, 28.845463 ] }, { "date": "2026-06-05", "close": 29.388714, "volume": 1, "typical_volume": 1802.35, "trend": 28.541423, "fair_value": 27.549864, "relative_strength": -0.125708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.261362, "energy": 31.183128, "activity_lines": [ 29.444636, 29.457959, 29.168113, 28.903618 ] }, { "date": "2026-06-12", "close": 30.262285, "volume": 1560, "typical_volume": 1842.35, "trend": 28.635033, "fair_value": 27.574932, "relative_strength": 0.463676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.105034, "energy": 50.851011, "activity_lines": [ 29.715972, 29.614336, 29.2969, 29.014641 ] }, { "date": "2026-06-19", "close": 30.113379, "volume": 14, "typical_volume": 1822.65, "trend": 28.714789, "fair_value": 27.606221, "relative_strength": -0.412105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.652825, "energy": 64.824224, "activity_lines": [ 29.889693, 29.713689, 29.399801, 29.110019 ] }, { "date": "2026-06-26", "close": 31.325001, "volume": 39, "typical_volume": 1460.55, "trend": 28.812704, "fair_value": 27.640312, "relative_strength": 0.699585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.362128, "energy": 89.358106, "activity_lines": [ 30.402432, 30.017367, 29.605182, 29.278419 ] }, { "date": "2026-07-03", "close": 31.225, "volume": 35, "typical_volume": 751.6, "trend": 28.922598, "fair_value": 27.670877, "relative_strength": -1.328694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.599681, "energy": 93.548427, "activity_lines": [ 30.778562, 30.277317, 29.786544, 29.434051 ] }, { "date": "2026-07-10", "close": 30.969999, "volume": 290, "typical_volume": 764.9, "trend": 29.040952, "fair_value": 27.702484, "relative_strength": -0.806554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.100715, "energy": 88.209297, "activity_lines": [ 30.947603, 30.461125, 29.932324, 29.566142 ] }, { "date": "2026-07-17", "close": 32.02, "volume": 3, "typical_volume": 763.35, "trend": 29.190683, "fair_value": 27.738264, "relative_strength": 1.767262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.096737, "energy": 97.125085, "activity_lines": [ 31.361225, 30.807725, 30.169725, 29.758338 ] }, { "date": "2026-07-24", "close": 32.23, "volume": 2120, "typical_volume": 826.8, "trend": 29.355599, "fair_value": 27.776401, "relative_strength": 2.546648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.495796, "energy": 96.315235, "activity_lines": [ 31.727667, 31.147462, 30.415165, 29.954423 ] }, { "date": "2026-07-31", "close": 31.834999, "volume": 1383, "typical_volume": 885.25, "trend": 29.497742, "fair_value": 27.81385, "relative_strength": 1.213951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.977574, "energy": 82.431834, "activity_lines": [ 31.821333, 31.359208, 30.60804, 30.114385 ] }, { "date": "2026-08-07", "close": 31.635, "volume": 451, "typical_volume": 904.55, "trend": 29.611688, "fair_value": 27.851176, "relative_strength": -0.711497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.889434, "energy": 67.467269, "activity_lines": [ 31.814333, 31.497153, 30.766529, 30.252272 ] } ], "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." } } }