{ "ticker": { "uuid": "65f9afe0-3e43-4379-ac10-66c470e184db", "symbol": "ESEM", "name": "Invesco Markets II PLC - Invesco MSCI Emerging Markets ESG Universal Screened 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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 51.798, "architecture_energy": 28.185, "architecture_maturity": 68.384, "architecture_confidence": 93.434, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 32.36, "rotation_up": 31.32, "upward_expansion": 58.89, "deceleration": 88.16, "rotation_down": 27.53, "downward_expansion": 20.22 }, "activity_lines": [ 57.252665, 57.470545, 56.949642, 55.47914 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 58.599998, "trend_reference": 53.648333, "distance_from_trend": 0.092299, "trend_direction": "Improving", "fair_value": 39.611314, "distance_from_fair_value": 0.479375, "fair_value_direction": "Weakening", "relative_strength": 6.624112, "relative_strength_direction": "Weakening", "price_momentum": 0.169427, "excess_performance": 0.086544, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092299, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.081885, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.479375, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.038128, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.066241, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.149814, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.169427, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.546445, "read": "Demand-led" } ], "volume": { "latest": 9114, "relative_activity": 1.668406, "balance": 2.546445, "dry_up": 0.94802, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.035508, "annualized_volatility": 0.263236, "from_high_reference": -0.02674, "from_low_reference": 0.419918 }, "levels": { "trend_reference": 53.648333, "fair_value_reference": 39.611314, "structural_low": 45.845001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": -0.003727, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.002687, "regime_survival": 0.444444, "best_return": 0.133882, "worst_return": -0.028292, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.026579, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.017855, "regime_survival": 0.333333, "best_return": 0.226413, "worst_return": 0.008891, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.026337, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.036609, "regime_survival": 0.0, "best_return": 0.119515, "worst_return": 0.006801, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.067579, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.027658, "regime_survival": 0.0, "best_return": 0.083615, "worst_return": 0.051543, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.010469, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-11-01", "tenure": "Developing", "return": 0.062473, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-20", "tenure": "Developing", "return": -0.06488, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": 0.018497, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": 0.003646, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": 0.004657, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.008718, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.033486, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.058757, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.027695, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-03-20", "tenure": "Extended", "return": 0.27529, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.150978, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.042593, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.03956, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 30.924999, "volume": 0, "typical_volume": 277.6, "trend": 31.492833, "fair_value": 33.118317, "relative_strength": 2.749948, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.266523, "energy": 16.245046, "activity_lines": [ 31.978333, 32.135364, 31.871429, 31.633764 ] }, { "date": "2023-08-25", "close": 31.385, "volume": 17448, "typical_volume": 1150.0, "trend": 31.429833, "fair_value": 33.10181, "relative_strength": 3.167411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.302629, "energy": 20.360444, "activity_lines": [ 31.668666, 31.999, 31.850524, 31.626807 ] }, { "date": "2023-09-01", "close": 31.76, "volume": 0, "typical_volume": 1110.2, "trend": 31.3855, "fair_value": 33.089151, "relative_strength": 3.239193, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.578442, "energy": 25.465557, "activity_lines": [ 31.558666, 31.953, 31.864167, 31.648108 ] }, { "date": "2023-09-08", "close": 31.075001, "volume": 0, "typical_volume": 1110.2, "trend": 31.362833, "fair_value": 33.070327, "relative_strength": 2.145624, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.371279, "energy": 28.057531, "activity_lines": [ 31.347, 31.774455, 31.81031, 31.628075 ] }, { "date": "2023-09-15", "close": 31.405001, "volume": 4031, "typical_volume": 1311.75, "trend": 31.3685, "fair_value": 33.054908, "relative_strength": 0.911708, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.28873, "energy": 19.744163, "activity_lines": [ 31.353334, 31.665637, 31.786929, 31.630796 ] }, { "date": "2023-09-22", "close": 30.809999, "volume": 0, "typical_volume": 1311.75, "trend": 31.3745, "fair_value": 33.034312, "relative_strength": 0.632102, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.759469, "energy": 36.357317, "activity_lines": [ 31.186667, 31.448182, 31.704286, 31.594764 ] }, { "date": "2023-09-29", "close": 30.285, "volume": 0, "typical_volume": 1311.75, "trend": 31.3525, "fair_value": 33.009318, "relative_strength": -0.681911, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.121672, "energy": 51.216146, "activity_lines": [ 30.852667, 31.172636, 31.572643, 31.524473 ] }, { "date": "2023-10-06", "close": 29.99, "volume": 536, "typical_volume": 1338.55, "trend": 31.348, "fair_value": 32.982117, "relative_strength": -0.542814, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.249516, "energy": 63.886757, "activity_lines": [ 30.493667, 30.883818, 31.414643, 31.43657 ] }, { "date": "2023-10-13", "close": 30.295, "volume": 1166, "typical_volume": 1386.85, "trend": 31.368, "fair_value": 32.958125, "relative_strength": -0.218038, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.808782, "energy": 65.564762, "activity_lines": [ 30.354333, 30.717182, 31.290524, 31.368635 ] }, { "date": "2023-10-20", "close": 29.389999, "volume": 11063, "typical_volume": 1940.0, "trend": 31.328833, "fair_value": 32.926549, "relative_strength": 1.80402, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.89088, "energy": 83.845157, "activity_lines": [ 29.965333, 30.429636, 31.082357, 31.241022 ] }, { "date": "2023-10-27", "close": 29.275, "volume": 2685, "typical_volume": 2074.25, "trend": 31.258667, "fair_value": 32.894518, "relative_strength": 1.390478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.665317, "energy": 87.696991, "activity_lines": [ 29.672333, 30.164727, 30.872405, 31.108516 ] }, { "date": "2023-11-03", "close": 30.855, "volume": 446, "typical_volume": 2096.55, "trend": 31.249167, "fair_value": 32.876783, "relative_strength": 4.047974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.357617, "energy": 59.731266, "activity_lines": [ 30.008333, 30.217091, 30.825167, 31.082473 ] }, { "date": "2023-11-10", "close": 30.615, "volume": 2776, "typical_volume": 2235.35, "trend": 31.226833, "fair_value": 32.857285, "relative_strength": 3.29606, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.454972, "energy": 44.188096, "activity_lines": [ 30.226333, 30.235454, 30.763405, 31.041559 ] }, { "date": "2023-11-17", "close": 31.5, "volume": 7976, "typical_volume": 2633.3, "trend": 31.247667, "fair_value": 32.845684, "relative_strength": 4.298723, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.87681, "energy": 17.888601, "activity_lines": [ 30.697667, 30.435545, 30.789286, 31.059183 ] }, { "date": "2023-11-24", "close": 31.635, "volume": 1298, "typical_volume": 2698.2, "trend": 31.2735, "fair_value": 32.835424, "relative_strength": 3.182331, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.420507, "energy": 24.223379, "activity_lines": [ 31.133667, 30.652454, 30.828548, 31.084172 ] }, { "date": "2023-12-01", "close": 31.48, "volume": 1041, "typical_volume": 2750.25, "trend": 31.288833, "fair_value": 32.824034, "relative_strength": 2.493615, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 9.196223, "energy": 27.489501, "activity_lines": [ 31.368333, 30.837, 30.851833, 31.097495 ] }, { "date": "2023-12-08", "close": 31.17, "volume": 488, "typical_volume": 2738.15, "trend": 31.306167, "fair_value": 32.81025, "relative_strength": -0.242566, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.145677, "energy": 30.177001, "activity_lines": [ 31.352667, 30.953, 30.85219, 31.089828 ] }, { "date": "2023-12-15", "close": 31.98, "volume": 360, "typical_volume": 2565.7, "trend": 31.338667, "fair_value": 32.803389, "relative_strength": 1.196187, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.077562, "energy": 37.959847, "activity_lines": [ 31.586, 31.200182, 30.936048, 31.133301 ] }, { "date": "2023-12-22", "close": 32.125, "volume": 6737, "typical_volume": 2902.55, "trend": 31.384667, "fair_value": 32.797828, "relative_strength": 1.931466, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.021333, "energy": 51.651525, "activity_lines": [ 31.776667, 31.437545, 31.041714, 31.184032 ] }, { "date": "2023-12-29", "close": 32.674999, "volume": 3428, "typical_volume": 3073.95, "trend": 31.43, "fair_value": 32.796829, "relative_strength": 3.723162, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.673322, "energy": 59.665936, "activity_lines": [ 32.109, 31.741636, 31.202476, 31.26728 ] }, { "date": "2024-01-05", "close": 32.119999, "volume": 2616, "typical_volume": 3204.75, "trend": 31.439167, "fair_value": 32.791371, "relative_strength": 1.479428, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.547624, "energy": 54.409602, "activity_lines": [ 32.186999, 31.885091, 31.306143, 31.311796 ] }, { "date": "2024-01-12", "close": 31.924999, "volume": 2717, "typical_volume": 2468.2, "trend": 31.4165, "fair_value": 32.78444, "relative_strength": 0.514717, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.066251, "energy": 48.987427, "activity_lines": [ 32.157333, 31.941363, 31.385547, 31.34314 ] }, { "date": "2024-01-19", "close": 30.870001, "volume": 1876, "typical_volume": 2562.0, "trend": 31.4015, "fair_value": 32.769246, "relative_strength": -2.062098, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.63392, "energy": 13.635792, "activity_lines": [ 31.725666, 31.786363, 31.361905, 31.307882 ] }, { "date": "2024-01-26", "close": 31.495001, "volume": 1335, "typical_volume": 2628.75, "trend": 31.397667, "fair_value": 32.759213, "relative_strength": -2.067178, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.44473, "energy": 9.859939, "activity_lines": [ 31.576334, 31.740364, 31.402024, 31.313914 ] }, { "date": "2024-02-02", "close": 31.309999, "volume": 966, "typical_volume": 2475.5, "trend": 31.395333, "fair_value": 32.747891, "relative_strength": -1.251871, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.186804, "energy": 13.890133, "activity_lines": [ 31.407333, 31.660818, 31.422524, 31.308258 ] }, { "date": "2024-02-09", "close": 32.095001, "volume": 1961, "typical_volume": 2573.55, "trend": 31.369667, "fair_value": 32.74283, "relative_strength": 2.547101, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.974886, "energy": 16.113902, "activity_lines": [ 31.591, 31.729909, 31.518238, 31.353398 ] }, { "date": "2024-02-16", "close": 32.575001, "volume": 3072, "typical_volume": 2727.15, "trend": 31.372, "fair_value": 32.741539, "relative_strength": 1.992141, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.33679, "energy": 41.721255, "activity_lines": [ 31.936334, 31.875091, 31.653548, 31.431161 ] }, { "date": "2024-02-23", "close": 32.875, "volume": 3602, "typical_volume": 2880.45, "trend": 31.345833, "fair_value": 32.742557, "relative_strength": 1.181983, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.069944, "energy": 68.544476, "activity_lines": [ 32.338334, 32.049273, 31.806524, 31.528129 ] }, { "date": "2024-03-01", "close": 32.540001, "volume": 562, "typical_volume": 2850.25, "trend": 31.340667, "fair_value": 32.741023, "relative_strength": 0.130931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.447733, "energy": 69.518686, "activity_lines": [ 32.495001, 32.146273, 31.913857, 31.605172 ] }, { "date": "2024-03-08", "close": 32.985001, "volume": 2872, "typical_volume": 2440.7, "trend": 31.380667, "fair_value": 32.742857, "relative_strength": 0.142084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.253387, "energy": 75.303184, "activity_lines": [ 32.730334, 32.316637, 32.052881, 31.711258 ] }, { "date": "2024-03-15", "close": 33.0, "volume": 2619, "typical_volume": 2437.4, "trend": 31.449833, "fair_value": 32.744776, "relative_strength": -0.080456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.04578, "energy": 75.620439, "activity_lines": [ 32.859001, 32.484091, 32.176215, 31.815731 ] }, { "date": "2024-03-22", "close": 32.93, "volume": 1098, "typical_volume": 2470.0, "trend": 31.501333, "fair_value": 32.746148, "relative_strength": -0.053132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.704781, "energy": 60.513625, "activity_lines": [ 32.904, 32.622819, 32.275143, 31.911226 ] }, { "date": "2024-03-29", "close": 33.189999, "volume": 4124, "typical_volume": 2537.4, "trend": 31.549, "fair_value": 32.749412, "relative_strength": 0.059702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.162277, "energy": 65.843773, "activity_lines": [ 33.012, 32.790546, 32.388952, 32.020172 ] }, { "date": "2024-04-05", "close": 33.145, "volume": 4420, "typical_volume": 2359.6, "trend": 31.618, "fair_value": 32.752299, "relative_strength": 1.887142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.686391, "energy": 58.105344, "activity_lines": [ 33.084, 32.907909, 32.486214, 32.12314 ] }, { "date": "2024-04-12", "close": 32.724998, "volume": 6568, "typical_volume": 2623.1, "trend": 31.662, "fair_value": 32.752102, "relative_strength": 1.542186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.923603, "energy": 43.661618, "activity_lines": [ 32.975666, 32.918909, 32.535643, 32.194559 ] }, { "date": "2024-04-19", "close": 31.68, "volume": 3428, "typical_volume": 2742.45, "trend": 31.691, "fair_value": 32.744389, "relative_strength": -1.050702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.649456, "energy": 17.125957, "activity_lines": [ 32.536333, 32.714182, 32.480357, 32.19572 ] }, { "date": "2024-04-26", "close": 32.59, "volume": 12227, "typical_volume": 3329.4, "trend": 31.767833, "fair_value": 32.743286, "relative_strength": 1.241686, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.380483, "energy": 20.386854, "activity_lines": [ 32.488333, 32.682454, 32.510786, 32.25372 ] }, { "date": "2024-05-03", "close": 33.535, "volume": 5009, "typical_volume": 3561.85, "trend": 31.886, "fair_value": 32.748901, "relative_strength": 4.631204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.771463, "energy": 25.606673, "activity_lines": [ 32.778, 32.822272, 32.624452, 32.367731 ] }, { "date": "2024-05-10", "close": 34.154999, "volume": 15750, "typical_volume": 4012.5, "trend": 32.014667, "fair_value": 32.758803, "relative_strength": 2.030497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.393547, "energy": 46.699779, "activity_lines": [ 33.251333, 33.062818, 32.789762, 32.514118 ] }, { "date": "2024-05-17", "close": 34.895, "volume": 2562, "typical_volume": 3969.2, "trend": 32.198167, "fair_value": 32.773741, "relative_strength": 1.628879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.683203, "energy": 87.336521, "activity_lines": [ 33.904, 33.408545, 33.015881, 32.699946 ] }, { "date": "2024-05-24", "close": 34.365002, "volume": 1229, "typical_volume": 3899.85, "trend": 32.367833, "fair_value": 32.784792, "relative_strength": 0.846819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.074637, "energy": 85.751056, "activity_lines": [ 34.235334, 33.623182, 33.180952, 32.839742 ] }, { "date": "2024-05-31", "close": 33.389999, "volume": 1310, "typical_volume": 3829.5, "trend": 32.452333, "fair_value": 32.788966, "relative_strength": -2.609109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.294424, "energy": 78.178737, "activity_lines": [ 34.062667, 33.635727, 33.242476, 32.905688 ] }, { "date": "2024-06-07", "close": 34.125, "volume": 23209, "typical_volume": 4896.15, "trend": 32.569333, "fair_value": 32.798117, "relative_strength": -2.498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.639459, "energy": 69.176358, "activity_lines": [ 34.081667, 33.773545, 33.367024, 33.013602 ] }, { "date": "2024-06-14", "close": 33.549999, "volume": 4151, "typical_volume": 5036.95, "trend": 32.637667, "fair_value": 32.803231, "relative_strength": -2.416929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.936906, "energy": 39.584529, "activity_lines": [ 33.869666, 33.789818, 33.421309, 33.076871 ] }, { "date": "2024-06-21", "close": 34.035, "volume": 910, "typical_volume": 5034.15, "trend": 32.717667, "fair_value": 32.811554, "relative_strength": -0.772995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.112771, "energy": 30.332674, "activity_lines": [ 33.859666, 33.886909, 33.512, 33.167021 ] }, { "date": "2024-06-28", "close": 34.025002, "volume": 1032, "typical_volume": 4987.7, "trend": 32.8025, "fair_value": 32.819698, "relative_strength": -0.667845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.802526, "energy": 32.609027, "activity_lines": [ 33.903667, 33.958364, 33.588762, 33.251366 ] }, { "date": "2024-07-05", "close": 34.91, "volume": 4324, "typical_volume": 5050.3, "trend": 32.927167, "fair_value": 32.833633, "relative_strength": 1.796143, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.160456, "energy": 46.48499, "activity_lines": [ 34.265334, 34.148091, 33.740619, 33.387333 ] }, { "date": "2024-07-12", "close": 35.654999, "volume": 737, "typical_volume": 4907.05, "trend": 33.049667, "fair_value": 32.852318, "relative_strength": 1.000384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.208292, "energy": 77.159613, "activity_lines": [ 34.774, 34.431091, 33.952309, 33.563323 ] }, { "date": "2024-07-19", "close": 34.509998, "volume": 995, "typical_volume": 4928.7, "trend": 33.129167, "fair_value": 32.863224, "relative_strength": -0.659539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.141008, "energy": 68.769194, "activity_lines": [ 34.798999, 34.467363, 34.041714, 33.657537 ] }, { "date": "2024-07-26", "close": 34.080002, "volume": 1522, "typical_volume": 4861.2, "trend": 33.176, "fair_value": 32.871177, "relative_strength": -2.317523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.333402, "energy": 58.376599, "activity_lines": [ 34.616667, 34.419, 34.080786, 33.718882 ] }, { "date": "2024-08-02", "close": 33.924999, "volume": 200, "typical_volume": 4740.25, "trend": 33.236167, "fair_value": 32.87802, "relative_strength": 0.295162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.752473, "energy": 36.139217, "activity_lines": [ 34.379666, 34.357273, 34.099881, 33.767204 ] }, { "date": "2024-08-09", "close": 33.895, "volume": 4847, "typical_volume": 4927.7, "trend": 33.301833, "fair_value": 32.884581, "relative_strength": 0.295424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.458021, "energy": 20.247896, "activity_lines": [ 34.139333, 34.298091, 34.111714, 33.80971 ] }, { "date": "2024-08-16", "close": 34.865002, "volume": 511, "typical_volume": 4747.05, "trend": 33.435, "fair_value": 32.897276, "relative_strength": 0.428506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.27521, "energy": 23.071819, "activity_lines": [ 34.290001, 34.406091, 34.211333, 33.910559 ] }, { "date": "2024-08-23", "close": 35.035, "volume": 8466, "typical_volume": 4949.35, "trend": 33.553, "fair_value": 32.872853, "relative_strength": -0.360992, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.411095, "energy": 32.233409, "activity_lines": [ 34.550001, 34.531546, 34.319167, 34.013785 ] }, { "date": "2024-08-30", "close": 35.23, "volume": 1419, "typical_volume": 4691.9, "trend": 33.683667, "fair_value": 32.842083, "relative_strength": -0.501019, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.62622, "energy": 48.104752, "activity_lines": [ 34.84, 34.665455, 34.436572, 34.121979 ] }, { "date": "2024-09-06", "close": 34.174999, "volume": 3253, "typical_volume": 4683.15, "trend": 33.753, "fair_value": 32.807276, "relative_strength": 0.780276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.522015, "energy": 42.397748, "activity_lines": [ 34.701667, 34.585818, 34.441571, 34.153677 ] }, { "date": "2024-09-13", "close": 34.73, "volume": 2294, "typical_volume": 4186.5, "trend": 33.824833, "fair_value": 32.781186, "relative_strength": 1.263903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.965972, "energy": 37.806646, "activity_lines": [ 34.731667, 34.604364, 34.487548, 34.21671 ] }, { "date": "2024-09-20", "close": 35.514999, "volume": 3441, "typical_volume": 4108.1, "trend": 33.912833, "fair_value": 32.762628, "relative_strength": 4.322439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.540192, "energy": 51.216939, "activity_lines": [ 34.967666, 34.768909, 34.598095, 34.325753 ] }, { "date": "2024-09-27", "close": 37.994999, "volume": 4844, "typical_volume": 3562.8, "trend": 34.094667, "fair_value": 32.762853, "relative_strength": 8.619223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.154954, "energy": 79.720723, "activity_lines": [ 35.986999, 35.386909, 34.935405, 34.589118 ] }, { "date": "2024-10-04", "close": 38.014999, "volume": 2120, "typical_volume": 3540.7, "trend": 34.262333, "fair_value": 32.760865, "relative_strength": 10.524478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.466681, "energy": 91.784179, "activity_lines": [ 36.815666, 35.945181, 35.256333, 34.842043 ] }, { "date": "2024-10-11", "close": 36.935001, "volume": 2777, "typical_volume": 3618.1, "trend": 34.3935, "fair_value": 32.745096, "relative_strength": 5.812243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.490447, "energy": 83.777618, "activity_lines": [ 37.098666, 36.235545, 35.459547, 35.014473 ] }, { "date": "2024-10-18", "close": 36.880001, "volume": 1314, "typical_volume": 3618.3, "trend": 34.525167, "fair_value": 32.727789, "relative_strength": 4.069728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.706939, "energy": 84.200912, "activity_lines": [ 37.179334, 36.461182, 35.645286, 35.174892 ] }, { "date": "2024-10-25", "close": 36.485001, "volume": 3106, "typical_volume": 2613.15, "trend": 34.635, "fair_value": 32.712244, "relative_strength": 4.050896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.851448, "energy": 67.466653, "activity_lines": [ 36.985001, 36.560727, 35.776786, 35.301333 ] }, { "date": "2024-11-01", "close": 36.310001, "volume": 1490, "typical_volume": 2480.1, "trend": 34.7405, "fair_value": 32.695641, "relative_strength": 5.344937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.294732, "energy": 42.551382, "activity_lines": [ 36.667668, 36.599, 35.880381, 35.409398 ] }, { "date": "2024-11-08", "close": 36.759998, "volume": 6791, "typical_volume": 2774.15, "trend": 34.875, "fair_value": 32.677596, "relative_strength": 8.0272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.877286, "energy": 35.309475, "activity_lines": [ 36.612667, 36.695909, 36.01369, 35.539688 ] }, { "date": "2024-11-15", "close": 35.174999, "volume": 4062, "typical_volume": 2925.65, "trend": 34.9915, "fair_value": 32.65266, "relative_strength": 4.822737, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.014971, "energy": 19.412562, "activity_lines": [ 36.113, 36.476818, 35.983071, 35.559043 ] }, { "date": "2024-11-22", "close": 35.075001, "volume": 5981, "typical_volume": 3008.5, "trend": 35.074333, "fair_value": 32.639776, "relative_strength": 3.667327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.73241, "energy": 19.518424, "activity_lines": [ 35.697333, 36.221364, 35.937452, 35.56443 ] }, { "date": "2024-11-29", "close": 35.055, "volume": 2536, "typical_volume": 3098.45, "trend": 35.125, "fair_value": 32.625192, "relative_strength": 3.127419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.490424, "energy": 20.472789, "activity_lines": [ 35.395333, 35.956, 35.889143, 35.563183 ] }, { "date": "2024-12-06", "close": 35.720001, "volume": 5139, "typical_volume": 3305.65, "trend": 35.177167, "fair_value": 32.609776, "relative_strength": 4.785819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.841501, "energy": 20.987552, "activity_lines": [ 35.410334, 35.819909, 35.907024, 35.60157 ] }, { "date": "2024-12-13", "close": 35.529999, "volume": 662, "typical_volume": 3262.65, "trend": 35.198333, "fair_value": 32.597789, "relative_strength": 4.870905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.232757, "energy": 17.532275, "activity_lines": [ 35.401333, 35.690636, 35.901048, 35.624333 ] }, { "date": "2024-12-20", "close": 34.375, "volume": 4109, "typical_volume": 3458.1, "trend": 35.198667, "fair_value": 32.577212, "relative_strength": 4.124069, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.075357, "energy": 29.152631, "activity_lines": [ 35.089333, 35.396545, 35.778167, 35.571215 ] }, { "date": "2024-12-27", "close": 34.869999, "volume": 1399, "typical_volume": 3285.7, "trend": 35.248, "fair_value": 32.558398, "relative_strength": 3.708752, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.54966, "energy": 34.438253, "activity_lines": [ 34.995666, 35.239, 35.700286, 35.550011 ] }, { "date": "2025-01-03", "close": 35.279999, "volume": 6399, "typical_volume": 3580.1, "trend": 35.2865, "fair_value": 32.544039, "relative_strength": 4.501767, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.916705, "energy": 31.535648, "activity_lines": [ 35.052333, 35.192545, 35.656809, 35.552075 ] }, { "date": "2025-01-10", "close": 34.110001, "volume": 6269, "typical_volume": 3470.25, "trend": 35.305167, "fair_value": 32.515064, "relative_strength": -0.434627, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.834301, "energy": 52.095292, "activity_lines": [ 34.704, 34.955273, 35.499928, 35.476172 ] }, { "date": "2025-01-17", "close": 34.700001, "volume": 1399, "typical_volume": 3469.25, "trend": 35.327333, "fair_value": 32.492276, "relative_strength": -0.470785, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.72555, "energy": 36.244284, "activity_lines": [ 34.659667, 34.865273, 35.403643, 35.437129 ] }, { "date": "2025-01-24", "close": 35.514999, "volume": 4078, "typical_volume": 3510.5, "trend": 35.377, "fair_value": 32.486186, "relative_strength": -0.677784, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.762963, "energy": 17.96349, "activity_lines": [ 34.942333, 34.960909, 35.3875, 35.449236 ] }, { "date": "2025-01-31", "close": 35.66, "volume": 2961, "typical_volume": 3543.85, "trend": 35.402, "fair_value": 32.473654, "relative_strength": -2.75396, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.604486, "energy": 6.891502, "activity_lines": [ 35.197333, 35.076727, 35.378786, 35.467495 ] }, { "date": "2025-02-07", "close": 36.02, "volume": 5709, "typical_volume": 3657.25, "trend": 35.414167, "fair_value": 32.458109, "relative_strength": -1.721296, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.829925, "energy": 16.112059, "activity_lines": [ 35.519667, 35.247364, 35.399929, 35.507366 ] }, { "date": "2025-02-14", "close": 36.544998, "volume": 3185, "typical_volume": 3574.3, "trend": 35.482, "fair_value": 32.450096, "relative_strength": -2.181493, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.481413, "energy": 33.606371, "activity_lines": [ 35.967666, 35.495909, 35.468666, 35.580322 ] }, { "date": "2025-02-21", "close": 37.465, "volume": 10340, "typical_volume": 3985.3, "trend": 35.594833, "fair_value": 32.457981, "relative_strength": -0.583271, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.194236, "energy": 67.198913, "activity_lines": [ 36.559999, 35.896727, 35.631928, 35.708258 ] }, { "date": "2025-02-28", "close": 35.790001, "volume": 4145, "typical_volume": 4053.7, "trend": 35.657, "fair_value": 32.466795, "relative_strength": -5.386782, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.229839, "energy": 45.933676, "activity_lines": [ 36.409667, 35.957818, 35.638286, 35.720849 ] }, { "date": "2025-03-07", "close": 36.5, "volume": 8483, "typical_volume": 4412.15, "trend": 35.743833, "fair_value": 32.487436, "relative_strength": -4.016708, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.429571, "energy": 46.599584, "activity_lines": [ 36.477667, 36.122273, 35.717714, 35.775236 ] }, { "date": "2025-03-14", "close": 36.669998, "volume": 4107, "typical_volume": 4462.2, "trend": 35.804, "fair_value": 32.496538, "relative_strength": -2.384329, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 50.691045, "energy": 40.756933, "activity_lines": [ 36.546333, 36.288, 35.815143, 35.834989 ] }, { "date": "2025-03-21", "close": 36.705002, "volume": 1323, "typical_volume": 4453.85, "trend": 35.859667, "fair_value": 32.507949, "relative_strength": -3.464159, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.570957, "energy": 32.946167, "activity_lines": [ 36.583334, 36.434818, 35.915024, 35.893118 ] }, { "date": "2025-03-28", "close": 36.384998, "volume": 2311, "typical_volume": 4229.85, "trend": 35.898166, "fair_value": 32.513109, "relative_strength": -2.557378, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.344173, "energy": 31.649317, "activity_lines": [ 36.503, 36.476272, 35.982547, 35.927011 ] }, { "date": "2025-04-04", "close": 33.744999, "volume": 6693, "typical_volume": 4361.4, "trend": 35.883833, "fair_value": 32.505545, "relative_strength": -0.392019, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -25.259562, "energy": 17.219245, "activity_lines": [ 35.614666, 36.00709, 35.800428, 35.788097 ] }, { "date": "2025-04-11", "close": 34.115002, "volume": 6243, "typical_volume": 4374.5, "trend": 35.863333, "fair_value": 32.503141, "relative_strength": 4.254569, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.440424, "energy": 38.942424, "activity_lines": [ 34.986, 35.637364, 35.660357, 35.673978 ] }, { "date": "2025-04-18", "close": 34.875, "volume": 1472, "typical_volume": 4321.3, "trend": 35.842, "fair_value": 32.513269, "relative_strength": 2.601851, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.807043, "energy": 41.723501, "activity_lines": [ 34.769667, 35.433909, 35.597238, 35.610215 ] }, { "date": "2025-04-25", "close": 35.314999, "volume": 1061, "typical_volume": 4117.4, "trend": 35.752667, "fair_value": 32.525192, "relative_strength": 1.394375, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.411824, "energy": 40.393455, "activity_lines": [ 34.819666, 35.331273, 35.576881, 35.576215 ] }, { "date": "2025-05-02", "close": 37.389999, "volume": 1927, "typical_volume": 4180.65, "trend": 35.731833, "fair_value": 32.560641, "relative_strength": 4.568194, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.082999, "energy": 10.324494, "activity_lines": [ 35.654, 35.628272, 35.756071, 35.681849 ] }, { "date": "2025-05-09", "close": 37.009998, "volume": 4395, "typical_volume": 4194.95, "trend": 35.734333, "fair_value": 32.595929, "relative_strength": 4.823189, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.222064, "energy": 30.918049, "activity_lines": [ 36.294666, 35.857545, 35.890214, 35.764311 ] }, { "date": "2025-05-16", "close": 38.035, "volume": 1204, "typical_volume": 4185.2, "trend": 35.772833, "fair_value": 32.634455, "relative_strength": 5.43421, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.518394, "energy": 59.423403, "activity_lines": [ 37.059332, 36.250999, 36.109428, 35.912742 ] }, { "date": "2025-05-23", "close": 37.959999, "volume": 5758, "typical_volume": 4153.15, "trend": 35.822, "fair_value": 32.668365, "relative_strength": 6.241048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.261269, "energy": 72.115961, "activity_lines": [ 37.537666, 36.602908, 36.306428, 36.053849 ] }, { "date": "2025-05-30", "close": 37.915001, "volume": 733, "typical_volume": 3876.35, "trend": 35.8755, "fair_value": 32.699327, "relative_strength": 5.647727, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.55533, "energy": 76.198892, "activity_lines": [ 37.795333, 36.923181, 36.486381, 36.188881 ] }, { "date": "2025-06-06", "close": 38.845001, "volume": 1518, "typical_volume": 3882.3, "trend": 35.945, "fair_value": 32.740545, "relative_strength": 6.772218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.437, "energy": 82.707948, "activity_lines": [ 38.189667, 37.390545, 36.736785, 36.380462 ] }, { "date": "2025-06-13", "close": 38.970001, "volume": 2078, "typical_volume": 3782.3, "trend": 36.0715, "fair_value": 32.78968, "relative_strength": 8.756614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.307482, "energy": 82.208136, "activity_lines": [ 38.528667, 37.835909, 36.979357, 36.575624 ] }, { "date": "2025-06-20", "close": 38.439999, "volume": 1685, "typical_volume": 3718.5, "trend": 36.183666, "fair_value": 32.831571, "relative_strength": 9.470972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.063236, "energy": 72.156606, "activity_lines": [ 38.560334, 38.089909, 37.155, 36.72843 ] }, { "date": "2025-06-27", "close": 40.125, "volume": 1783, "typical_volume": 3522.2, "trend": 36.352666, "fair_value": 32.88891, "relative_strength": 12.853451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.102792, "energy": 78.802123, "activity_lines": [ 39.126667, 38.571636, 37.477881, 36.982709 ] }, { "date": "2025-07-04", "close": 40.064999, "volume": 1995, "typical_volume": 3462.7, "trend": 36.4975, "fair_value": 32.943365, "relative_strength": 12.440023, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.377239, "energy": 85.737915, "activity_lines": [ 39.528666, 38.947, 37.7755, 37.222215 ] }, { "date": "2025-07-11", "close": 40.330002, "volume": 340, "typical_volume": 2962.7, "trend": 36.6575, "fair_value": 33.00859, "relative_strength": 13.153615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.520134, "energy": 90.516766, "activity_lines": [ 39.875667, 39.284182, 38.081595, 37.469473 ] }, { "date": "2025-07-18", "close": 41.009998, "volume": 2116, "typical_volume": 2861.25, "trend": 36.878666, "fair_value": 33.072468, "relative_strength": 14.192553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.328625, "energy": 93.4146, "activity_lines": [ 40.350333, 39.691545, 38.438809, 37.750279 ] }, { "date": "2025-07-25", "close": 41.099998, "volume": 1422, "typical_volume": 2508.2, "trend": 37.086333, "fair_value": 33.136442, "relative_strength": 14.224205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.417516, "energy": 91.275264, "activity_lines": [ 40.718999, 40.042545, 38.779738, 38.022623 ] }, { "date": "2025-08-01", "close": 40.814999, "volume": 691, "typical_volume": 2337.4, "trend": 37.270833, "fair_value": 33.198141, "relative_strength": 14.148048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.249777, "energy": 87.963549, "activity_lines": [ 40.815332, 40.285999, 39.071619, 38.263182 ] }, { "date": "2025-08-08", "close": 41.290001, "volume": 2902, "typical_volume": 2416.35, "trend": 37.510166, "fair_value": 33.258526, "relative_strength": 14.721368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.406391, "energy": 87.52177, "activity_lines": [ 41.024, 40.563909, 39.389, 38.522484 ] }, { "date": "2025-08-15", "close": 41.799999, "volume": 1843, "typical_volume": 2392.95, "trend": 37.746833, "fair_value": 33.326827, "relative_strength": 13.709043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.360745, "energy": 87.319295, "activity_lines": [ 41.320999, 40.873181, 39.733119, 38.799247 ] }, { "date": "2025-08-22", "close": 41.945, "volume": 6966, "typical_volume": 2406.6, "trend": 37.961166, "fair_value": 33.39375, "relative_strength": 11.919231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.690582, "energy": 81.343615, "activity_lines": [ 41.568333, 41.15509, 40.065262, 39.070096 ] }, { "date": "2025-08-29", "close": 41.290001, "volume": 2810, "typical_volume": 2234.95, "trend": 38.148833, "fair_value": 33.462724, "relative_strength": 10.484054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.035586, "energy": 65.725524, "activity_lines": [ 41.535, 41.263818, 40.295976, 39.28486 ] }, { "date": "2025-09-05", "close": 41.610001, "volume": 1537, "typical_volume": 2238.2, "trend": 38.335166, "fair_value": 33.534551, "relative_strength": 9.354691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.400618, "energy": 65.631673, "activity_lines": [ 41.595667, 41.378909, 40.523, 39.508161 ] }, { "date": "2025-09-12", "close": 43.009998, "volume": 2224, "typical_volume": 2296.35, "trend": 38.550666, "fair_value": 33.621635, "relative_strength": 14.213638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.825536, "energy": 73.844545, "activity_lines": [ 42.07, 41.721545, 40.851285, 39.809763 ] }, { "date": "2025-09-19", "close": 43.845001, "volume": 690, "typical_volume": 2234.5, "trend": 38.763333, "fair_value": 33.722051, "relative_strength": 16.771654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.346366, "energy": 75.616856, "activity_lines": [ 42.708, 42.162454, 41.222452, 40.151333 ] }, { "date": "2025-09-26", "close": 43.195, "volume": 25475, "typical_volume": 3288.5, "trend": 39.010166, "fair_value": 33.823045, "relative_strength": 16.403155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.890704, "energy": 88.657777, "activity_lines": [ 42.993, 42.421273, 41.500976, 40.437247 ] }, { "date": "2025-10-03", "close": 44.735001, "volume": 1990, "typical_volume": 3327.8, "trend": 39.284666, "fair_value": 33.930417, "relative_strength": 14.698716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.567301, "energy": 95.008628, "activity_lines": [ 43.708, 42.920364, 41.896714, 40.806591 ] }, { "date": "2025-10-10", "close": 44.605, "volume": 2728, "typical_volume": 3176.3, "trend": 39.549167, "fair_value": 34.042756, "relative_strength": 14.224681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.403447, "energy": 91.971767, "activity_lines": [ 44.15, 43.329727, 42.248167, 41.149839 ] }, { "date": "2025-10-17", "close": 44.965, "volume": 2964, "typical_volume": 3287.85, "trend": 39.8245, "fair_value": 34.156314, "relative_strength": 13.26866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.363881, "energy": 80.934286, "activity_lines": [ 44.512334, 43.735637, 42.602262, 41.499247 ] }, { "date": "2025-10-24", "close": 45.43, "volume": 2475, "typical_volume": 3335.7, "trend": 40.126, "fair_value": 34.277372, "relative_strength": 14.699137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.040756, "energy": 73.476425, "activity_lines": [ 44.899333, 44.159273, 42.967071, 41.860892 ] }, { "date": "2025-10-31", "close": 45.564999, "volume": 605, "typical_volume": 3262.05, "trend": 40.52, "fair_value": 34.389936, "relative_strength": 17.681908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.069128, "energy": 71.328502, "activity_lines": [ 45.225666, 44.541454, 43.313381, 42.211796 ] }, { "date": "2025-11-07", "close": 44.759998, "volume": 2848, "typical_volume": 3320.2, "trend": 40.874833, "fair_value": 34.488141, "relative_strength": 14.637849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.573643, "energy": 66.695354, "activity_lines": [ 45.125666, 44.711454, 43.551619, 42.485344 ] }, { "date": "2025-11-14", "close": 45.419998, "volume": 4783, "typical_volume": 3470.2, "trend": 41.226333, "fair_value": 34.589583, "relative_strength": 12.845599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.254934, "energy": 66.881879, "activity_lines": [ 45.243999, 44.938363, 43.822619, 42.77858 ] }, { "date": "2025-11-21", "close": 43.630001, "volume": 15962, "typical_volume": 4168.55, "trend": 41.5035, "fair_value": 34.680865, "relative_strength": 8.112081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.354803, "energy": 48.245181, "activity_lines": [ 44.711333, 44.770545, 43.897928, 42.933656 ] }, { "date": "2025-11-28", "close": 44.68, "volume": 3356, "typical_volume": 4319.35, "trend": 41.7465, "fair_value": 34.770929, "relative_strength": 8.649389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.230008, "energy": 38.433389, "activity_lines": [ 44.617666, 44.782363, 44.056262, 43.138591 ] }, { "date": "2025-12-05", "close": 45.68, "volume": 1468, "typical_volume": 4286.95, "trend": 42.0355, "fair_value": 34.86782, "relative_strength": 9.873253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.895705, "energy": 44.19328, "activity_lines": [ 44.907333, 44.960818, 44.289119, 43.392365 ] }, { "date": "2025-12-12", "close": 45.360001, "volume": 7029, "typical_volume": 4567.3, "trend": 42.279667, "fair_value": 34.966827, "relative_strength": 9.202235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.121256, "energy": 42.794854, "activity_lines": [ 45.082667, 45.035909, 44.469262, 43.606849 ] }, { "date": "2025-12-19", "close": 45.445, "volume": 1925, "typical_volume": 4629.0, "trend": 42.529167, "fair_value": 35.066346, "relative_strength": 6.770413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.131934, "energy": 48.809899, "activity_lines": [ 45.246334, 45.115091, 44.637214, 43.811064 ] }, { "date": "2025-12-26", "close": 45.689999, "volume": 508, "typical_volume": 4509.3, "trend": 42.788333, "fair_value": 35.166795, "relative_strength": 6.491177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.324373, "energy": 51.90115, "activity_lines": [ 45.49, 45.223545, 44.806452, 44.014989 ] }, { "date": "2026-01-02", "close": 46.205002, "volume": 545, "typical_volume": 4444.4, "trend": 43.033667, "fair_value": 35.26234, "relative_strength": 7.206429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.841751, "energy": 61.847637, "activity_lines": [ 45.768001, 45.412455, 45.003786, 44.235419 ] }, { "date": "2026-01-09", "close": 47.895, "volume": 20030, "typical_volume": 5097.6, "trend": 43.331167, "fair_value": 35.361923, "relative_strength": 9.412033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.836994, "energy": 80.133637, "activity_lines": [ 46.507667, 45.894546, 45.341095, 44.549054 ] }, { "date": "2026-01-16", "close": 48.740002, "volume": 1246, "typical_volume": 5019.4, "trend": 43.6745, "fair_value": 35.46484, "relative_strength": 10.926931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.393208, "energy": 94.382007, "activity_lines": [ 47.381334, 46.48791, 45.730548, 44.898011 ] }, { "date": "2026-01-23", "close": 49.474998, "volume": 7458, "typical_volume": 5315.45, "trend": 43.986167, "fair_value": 35.568686, "relative_strength": 14.296174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.879605, "energy": 95.251566, "activity_lines": [ 48.274667, 47.142546, 46.154524, 45.272237 ] }, { "date": "2026-01-30", "close": 50.68, "volume": 6218, "typical_volume": 5515.15, "trend": 44.34, "fair_value": 35.681442, "relative_strength": 16.028977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.407676, "energy": 95.818286, "activity_lines": [ 49.301, 47.942546, 46.65581, 45.704097 ] }, { "date": "2026-02-06", "close": 50.110001, "volume": 4684, "typical_volume": 5714.85, "trend": 44.666, "fair_value": 35.799103, "relative_strength": 12.078613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.964169, "energy": 90.096686, "activity_lines": [ 49.804667, 48.510728, 47.066286, 46.076355 ] }, { "date": "2026-02-13", "close": 50.84, "volume": 5386, "typical_volume": 4710.4, "trend": 44.993667, "fair_value": 35.924776, "relative_strength": 11.722601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.759678, "energy": 87.559391, "activity_lines": [ 50.291333, 49.112909, 47.516452, 46.474677 ] }, { "date": "2026-02-20", "close": 52.240002, "volume": 6484, "typical_volume": 4935.1, "trend": 45.365, "fair_value": 36.063301, "relative_strength": 12.088885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.68892, "energy": 88.366454, "activity_lines": [ 51.048334, 49.875819, 48.063548, 46.942183 ] }, { "date": "2026-02-27", "close": 52.900002, "volume": 5090, "typical_volume": 5053.2, "trend": 45.767834, "fair_value": 36.204038, "relative_strength": 11.600712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.39378, "energy": 86.656447, "activity_lines": [ 51.792001, 50.633637, 48.637762, 47.428312 ] }, { "date": "2026-03-06", "close": 48.200001, "volume": 8042, "typical_volume": 5307.1, "trend": 45.998167, "fair_value": 36.319904, "relative_strength": 8.2718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.554955, "energy": 59.446116, "activity_lines": [ 50.740668, 50.401365, 48.724858, 47.585226 ] }, { "date": "2026-03-13", "close": 47.985001, "volume": 3729, "typical_volume": 5369.8, "trend": 46.204334, "fair_value": 36.437147, "relative_strength": 9.384442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.702293, "energy": 40.775448, "activity_lines": [ 49.783001, 50.084365, 48.776072, 47.713409 ] }, { "date": "2026-03-20", "close": 48.41, "volume": 12657, "typical_volume": 5972.4, "trend": 46.419834, "fair_value": 36.551538, "relative_strength": 14.273656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.451312, "energy": 24.277936, "activity_lines": [ 49.108668, 49.812274, 48.855596, 47.85571 ] }, { "date": "2026-03-27", "close": 46.794998, "volume": 7938, "typical_volume": 6226.9, "trend": 46.603333, "fair_value": 36.650353, "relative_strength": 7.735204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.576351, "energy": 25.107206, "activity_lines": [ 48.058, 49.237182, 48.767762, 47.879914 ] }, { "date": "2026-04-03", "close": 47.924999, "volume": 5689, "typical_volume": 6272.2, "trend": 46.813833, "fair_value": 36.757949, "relative_strength": 6.367058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.35427, "energy": 24.929068, "activity_lines": [ 47.746999, 48.902909, 48.777857, 47.965183 ] }, { "date": "2026-04-10", "close": 51.080002, "volume": 3034, "typical_volume": 5625.8, "trend": 47.082834, "fair_value": 36.88484, "relative_strength": 11.121416, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.707107, "energy": 23.084683, "activity_lines": [ 48.819333, 49.170455, 49.0765, 48.24042 ] }, { "date": "2026-04-17", "close": 53.860001, "volume": 9187, "typical_volume": 5917.35, "trend": 47.416667, "fair_value": 37.032179, "relative_strength": 14.400759, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.941542, "energy": 41.909722, "activity_lines": [ 50.626334, 49.936182, 49.604429, 48.677656 ] }, { "date": "2026-04-24", "close": 53.060001, "volume": 5919, "typical_volume": 6139.9, "trend": 47.7455, "fair_value": 37.174487, "relative_strength": 14.229578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.161181, "energy": 67.041746, "activity_lines": [ 51.775001, 50.488273, 50.012453, 49.041742 ] }, { "date": "2026-05-01", "close": 52.860001, "volume": 4002, "typical_volume": 5988.55, "trend": 48.016334, "fair_value": 37.314487, "relative_strength": 13.486759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.730413, "energy": 75.526681, "activity_lines": [ 52.547001, 50.963637, 50.366286, 49.37171 ] }, { "date": "2026-05-08", "close": 56.880001, "volume": 36375, "typical_volume": 7711.05, "trend": 48.4255, "fair_value": 37.482628, "relative_strength": 21.605499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.730246, "energy": 88.098476, "activity_lines": [ 54.254668, 52.158637, 51.067263, 49.94356 ] }, { "date": "2026-05-15", "close": 55.720001, "volume": 2862, "typical_volume": 7828.75, "trend": 48.784, "fair_value": 37.641058, "relative_strength": 17.333382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.374323, "energy": 83.554633, "activity_lines": [ 54.978668, 53.070364, 51.60331, 50.414173 ] }, { "date": "2026-05-22", "close": 56.060001, "volume": 4041, "typical_volume": 8003.55, "trend": 49.138334, "fair_value": 37.803333, "relative_strength": 14.935116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.864884, "energy": 82.135362, "activity_lines": [ 55.506668, 53.907183, 52.123977, 50.883592 ] }, { "date": "2026-05-29", "close": 59.049999, "volume": 5179, "typical_volume": 7261.0, "trend": 49.587834, "fair_value": 37.981122, "relative_strength": 19.908612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.730524, "energy": 88.409231, "activity_lines": [ 56.884667, 55.140819, 52.882477, 51.523054 ] }, { "date": "2026-06-05", "close": 57.139999, "volume": 165, "typical_volume": 7206.95, "trend": 50.0005, "fair_value": 38.143269, "relative_strength": 16.673289, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.788159, "energy": 78.766156, "activity_lines": [ 57.226666, 55.833728, 53.405953, 52.010291 ] }, { "date": "2026-06-12", "close": 58.220001, "volume": 61, "typical_volume": 6837.1, "trend": 50.427167, "fair_value": 38.307468, "relative_strength": 15.474701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.776641, "energy": 79.991985, "activity_lines": [ 57.643333, 56.534909, 53.992286, 52.540581 ] }, { "date": "2026-06-19", "close": 60.099998, "volume": 426, "typical_volume": 6547.5, "trend": 50.976167, "fair_value": 38.491955, "relative_strength": 17.938467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.658921, "energy": 86.844706, "activity_lines": [ 58.597333, 57.390727, 54.716024, 53.164635 ] }, { "date": "2026-06-26", "close": 57.389999, "volume": 77, "typical_volume": 6317.15, "trend": 51.399834, "fair_value": 38.657212, "relative_strength": 9.055465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.207684, "energy": 59.866118, "activity_lines": [ 58.355999, 57.589818, 55.13681, 53.57843 ] }, { "date": "2026-07-03", "close": 58.490002, "volume": 326, "typical_volume": 6064.15, "trend": 51.826834, "fair_value": 38.830994, "relative_strength": 8.808299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.038467, "energy": 59.194411, "activity_lines": [ 58.392667, 57.924727, 55.627691, 54.035861 ] }, { "date": "2026-07-10", "close": 57.919998, "volume": 3258, "typical_volume": 5902.85, "trend": 52.2455, "fair_value": 38.991603, "relative_strength": 8.792073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.931534, "energy": 56.166385, "activity_lines": [ 58.276666, 58.057272, 56.027857, 54.428968 ] }, { "date": "2026-07-17", "close": 55.32, "volume": 4102, "typical_volume": 5853.45, "trend": 52.574667, "fair_value": 39.137853, "relative_strength": 2.891851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.317048, "energy": 36.057323, "activity_lines": [ 57.242, 57.625091, 56.153357, 54.627323 ] }, { "date": "2026-07-24", "close": 56.369999, "volume": 6210, "typical_volume": 5761.85, "trend": 52.930667, "fair_value": 39.283429, "relative_strength": 4.698677, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.111833, "energy": 27.967639, "activity_lines": [ 56.750666, 57.412181, 56.367333, 54.872183 ] }, { "date": "2026-07-31", "close": 57.029999, "volume": 1289, "typical_volume": 5639.85, "trend": 53.2915, "fair_value": 39.439423, "relative_strength": 5.500216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.221707, "energy": 22.074852, "activity_lines": [ 56.727999, 57.307454, 56.605262, 55.136656 ] }, { "date": "2026-08-07", "close": 58.599998, "volume": 9114, "typical_volume": 5462.7, "trend": 53.648333, "fair_value": 39.611314, "relative_strength": 6.624112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.798257, "energy": 28.184814, "activity_lines": [ 57.252665, 57.470545, 56.949642, 55.47914 ] } ], "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." } } }