{ "ticker": { "uuid": "66888025-26ab-44b0-8fbf-933fd742394a", "symbol": "3115", "name": "iShares Asia Trust - iShares Core Hang Seng Index ETF", "exchange": "HKG", "country": "HK", "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": "^HSI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 78.546, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 13.964, "architecture_energy": 28.743, "architecture_maturity": 74.117, "architecture_confidence": 87.907, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 41.17, "rotation_up": 63.21, "upward_expansion": 30.36, "deceleration": 38.36, "rotation_down": 14.75, "downward_expansion": 28.69 }, "activity_lines": [ 93.090667, 90.728727, 90.985592, 91.689479 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 94.300003, "trend_reference": 93.001911, "distance_from_trend": 0.013958, "trend_direction": "Weakening", "fair_value": 76.187505, "distance_from_fair_value": 0.237736, "fair_value_direction": "Weakening", "relative_strength": 1.038614, "relative_strength_direction": "Improving", "price_momentum": -0.023, "excess_performance": 0.010581, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.013958, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.01645, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.237736, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.056042, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.010386, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.008381, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.023, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.707151, "read": "Supply-led" } ], "volume": { "latest": 166118, "relative_activity": 0.736778, "balance": 0.707151, "dry_up": 0.851619, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.035409, "annualized_volatility": 0.152759, "from_high_reference": -0.080449, "from_low_reference": 0.143862 }, "levels": { "trend_reference": 93.001911, "fair_value_reference": 76.187505, "structural_low": 82.440002, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": -0.001468, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.001078, "regime_survival": 0.807692, "best_return": 0.159825, "worst_return": -0.091131, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.042307, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": 0.004916, "regime_survival": 0.7, "best_return": 0.22132, "worst_return": -0.131829, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.085917, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.010016, "regime_survival": 0.4, "best_return": 0.165143, "worst_return": -0.127716, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.019873, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.03467, "regime_survival": 0.0, "best_return": 0.056545, "worst_return": -0.202661, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-05-10", "tenure": "Developing", "return": 0.143566, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.076019, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-09-27", "tenure": "Established", "return": 0.16692, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.142857, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-02-07", "tenure": "Developing", "return": 0.103664, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.06709, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.100077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-10-31", "tenure": "Established", "return": 0.118616, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2026-01-23", "tenure": "Developing", "return": 0.023708, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": -0.060381, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-04-03", "tenure": "New", "return": -0.01551, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": -0.004445, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": -0.04835, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.045686, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 60.098434, "volume": 213700, "typical_volume": 210239.4, "trend": 65.186688, "fair_value": 73.626961, "relative_strength": 2.079508, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.277227, "energy": 23.106284, "activity_lines": [ 63.248273, 63.550376, 63.705237, 64.167716 ] }, { "date": "2023-08-25", "close": 60.098434, "volume": 140505, "typical_volume": 211044.65, "trend": 64.723506, "fair_value": 73.507329, "relative_strength": 1.084787, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.820957, "energy": 47.693993, "activity_lines": [ 61.979588, 62.894811, 63.319633, 63.839441 ] }, { "date": "2023-09-01", "close": 61.775433, "volume": 234510, "typical_volume": 213804.65, "trend": 64.431084, "fair_value": 73.409935, "relative_strength": 2.348318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.445266, "energy": 54.126963, "activity_lines": [ 61.505655, 62.651713, 63.124418, 63.649243 ] }, { "date": "2023-09-08", "close": 61.082756, "volume": 179700, "typical_volume": 215617.15, "trend": 64.163935, "fair_value": 73.31493, "relative_strength": 2.143828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.561481, "energy": 58.297473, "activity_lines": [ 61.125291, 62.29709, 62.887478, 63.433222 ] }, { "date": "2023-09-15", "close": 60.991615, "volume": 13540, "typical_volume": 206504.15, "trend": 63.951177, "fair_value": 73.220425, "relative_strength": 2.044922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.684855, "energy": 54.742611, "activity_lines": [ 60.994047, 61.95705, 62.663008, 63.228556 ] }, { "date": "2023-09-22", "close": 60.973392, "volume": 230600, "typical_volume": 209724.15, "trend": 63.807938, "fair_value": 73.148348, "relative_strength": 2.655724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.868145, "energy": 42.648885, "activity_lines": [ 61.048733, 61.619332, 62.457783, 63.036441 ] }, { "date": "2023-09-29", "close": 59.970844, "volume": 149484, "typical_volume": 210693.35, "trend": 63.564782, "fair_value": 73.064641, "relative_strength": 2.309788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.678116, "energy": 38.592154, "activity_lines": [ 60.710905, 61.169593, 62.179182, 62.788887 ] }, { "date": "2023-10-06", "close": 58.895378, "volume": 122437, "typical_volume": 204670.2, "trend": 63.423004, "fair_value": 72.961793, "relative_strength": 2.273314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.739865, "energy": 50.120695, "activity_lines": [ 60.023095, 60.59093, 61.818296, 62.487635 ] }, { "date": "2023-10-13", "close": 59.970844, "volume": 1187300, "typical_volume": 260259.2, "trend": 63.291081, "fair_value": 72.85901, "relative_strength": 2.165478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.409111, "energy": 47.094237, "activity_lines": [ 59.885778, 60.348662, 61.583113, 62.264915 ] }, { "date": "2023-10-20", "close": 57.746998, "volume": 53486, "typical_volume": 243755.5, "trend": 63.044527, "fair_value": 72.732, "relative_strength": 1.992679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.13297, "energy": 62.760193, "activity_lines": [ 59.081305, 59.798501, 61.143926, 61.907232 ] }, { "date": "2023-10-27", "close": 58.74955, "volume": 60600, "typical_volume": 240650.5, "trend": 62.773356, "fair_value": 72.6293, "relative_strength": 2.343442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.953229, "energy": 61.737276, "activity_lines": [ 58.827325, 59.541981, 60.822057, 61.630137 ] }, { "date": "2023-11-03", "close": 59.642735, "volume": 208000, "typical_volume": 248104.0, "trend": 62.543444, "fair_value": 72.499852, "relative_strength": 2.267415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.651944, "energy": 45.827713, "activity_lines": [ 59.019329, 59.472383, 60.610434, 61.428161 ] }, { "date": "2023-11-10", "close": 58.038647, "volume": 2833125, "typical_volume": 387356.75, "trend": 62.249181, "fair_value": 72.351129, "relative_strength": 2.11851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.14589, "energy": 47.760395, "activity_lines": [ 58.698511, 59.119418, 60.27638, 61.137529 ] }, { "date": "2023-11-17", "close": 58.895378, "volume": 21400, "typical_volume": 383256.75, "trend": 62.028211, "fair_value": 72.202236, "relative_strength": 2.070925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.528318, "energy": 36.880088, "activity_lines": [ 58.720385, 58.990163, 60.045489, 60.921155 ] }, { "date": "2023-11-24", "close": 59.515141, "volume": 98700, "typical_volume": 384231.75, "trend": 61.832131, "fair_value": 72.047214, "relative_strength": 2.451421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.160474, "energy": 28.792067, "activity_lines": [ 59.020545, 59.013364, 59.892199, 60.759021 ] }, { "date": "2023-12-01", "close": 56.872044, "volume": 146100, "typical_volume": 387831.75, "trend": 61.540693, "fair_value": 71.877691, "relative_strength": 2.077655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.369367, "energy": 43.819665, "activity_lines": [ 58.321796, 58.582846, 59.495692, 60.439016 ] }, { "date": "2023-12-08", "close": 55.213276, "volume": 188280, "typical_volume": 387845.7, "trend": 61.241116, "fair_value": 71.702975, "relative_strength": 2.033926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.292955, "energy": 62.468265, "activity_lines": [ 57.195292, 57.925304, 58.979139, 60.030795 ] }, { "date": "2023-12-15", "close": 56.654385, "volume": 78800, "typical_volume": 323505.7, "trend": 61.00348, "fair_value": 71.53905, "relative_strength": 1.779586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.649348, "energy": 58.470399, "activity_lines": [ 56.844455, 57.616284, 58.639937, 59.734877 ] }, { "date": "2023-12-22", "close": 55.118629, "volume": 115700, "typical_volume": 320278.75, "trend": 60.787196, "fair_value": 71.365614, "relative_strength": 1.696503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.700859, "energy": 71.541246, "activity_lines": [ 56.073983, 57.06878, 58.202034, 59.355209 ] }, { "date": "2023-12-29", "close": 57.553364, "volume": 240710, "typical_volume": 325833.85, "trend": 60.627888, "fair_value": 71.190579, "relative_strength": 1.722489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.460015, "energy": 53.84989, "activity_lines": [ 56.366872, 57.052177, 58.044375, 59.146575 ] }, { "date": "2024-01-05", "close": 55.79287, "volume": 51900, "typical_volume": 317743.85, "trend": 60.353072, "fair_value": 70.992601, "relative_strength": 1.603879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.191748, "energy": 44.272054, "activity_lines": [ 56.203716, 56.719006, 57.749138, 58.834638 ] }, { "date": "2024-01-12", "close": 54.893883, "volume": 276600, "typical_volume": 324548.6, "trend": 59.982396, "fair_value": 70.774152, "relative_strength": 1.692335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.08782, "energy": 47.768285, "activity_lines": [ 55.812842, 56.276139, 57.388785, 58.482432 ] }, { "date": "2024-01-19", "close": 51.691273, "volume": 597200, "typical_volume": 342683.1, "trend": 59.619826, "fair_value": 70.519076, "relative_strength": 1.547209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.602112, "energy": 63.49928, "activity_lines": [ 54.375724, 55.337323, 56.748206, 57.947521 ] }, { "date": "2024-01-26", "close": 53.957451, "volume": 332156, "typical_volume": 350305.9, "trend": 59.325201, "fair_value": 70.301007, "relative_strength": 1.651665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.121168, "energy": 58.419977, "activity_lines": [ 54.024873, 54.925946, 56.371472, 57.582207 ] }, { "date": "2024-02-02", "close": 52.515339, "volume": 658300, "typical_volume": 382543.9, "trend": 59.032329, "fair_value": 70.054821, "relative_strength": 1.528771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.021056, "energy": 67.691068, "activity_lines": [ 53.27073, 54.342148, 55.891325, 57.142861 ] }, { "date": "2024-02-09", "close": 53.133389, "volume": 357911, "typical_volume": 388909.45, "trend": 58.642183, "fair_value": 69.796778, "relative_strength": 1.267624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.024888, "energy": 59.552679, "activity_lines": [ 53.058472, 53.997991, 55.510403, 56.762284 ] }, { "date": "2024-02-16", "close": 55.287189, "volume": 105600, "typical_volume": 386715.25, "trend": 58.363932, "fair_value": 69.54255, "relative_strength": 1.468786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.045596, "energy": 40.157906, "activity_lines": [ 53.741446, 54.11341, 55.371938, 56.545833 ] }, { "date": "2024-02-23", "close": 56.691841, "volume": 436930, "typical_volume": 402439.9, "trend": 58.032248, "fair_value": 69.327578, "relative_strength": 1.571447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.74653, "energy": 23.309794, "activity_lines": [ 54.866417, 54.482876, 55.389553, 56.437956 ] }, { "date": "2024-03-01", "close": 56.017609, "volume": 351240, "typical_volume": 360636.9, "trend": 57.72366, "fair_value": 69.107728, "relative_strength": 1.126873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.375963, "energy": 18.836891, "activity_lines": [ 55.433273, 54.729073, 55.353448, 56.307979 ] }, { "date": "2024-03-08", "close": 55.568123, "volume": 159379, "typical_volume": 365931.55, "trend": 57.446875, "fair_value": 68.890825, "relative_strength": 1.687644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.352463, "energy": 20.2769, "activity_lines": [ 55.712956, 54.877201, 55.293359, 56.168912 ] }, { "date": "2024-03-15", "close": 56.616928, "volume": 121778, "typical_volume": 368990.45, "trend": 57.330825, "fair_value": 68.677315, "relative_strength": 1.265254, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.638489, "energy": 16.570789, "activity_lines": [ 56.138722, 55.252116, 55.343533, 56.115367 ] }, { "date": "2024-03-22", "close": 56.036339, "volume": 262880, "typical_volume": 371734.45, "trend": 57.195421, "fair_value": 68.472573, "relative_strength": 1.498704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.0654, "energy": 11.747726, "activity_lines": [ 56.138722, 55.506486, 55.348568, 56.031852 ] }, { "date": "2024-03-29", "close": 56.129982, "volume": 332900, "typical_volume": 246723.2, "trend": 57.00724, "fair_value": 68.255108, "relative_strength": 1.343707, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.212344, "energy": 9.96434, "activity_lines": [ 56.119994, 55.75711, 55.379694, 55.963114 ] }, { "date": "2024-04-05", "close": 56.691841, "volume": 321732, "typical_volume": 261739.8, "trend": 56.860876, "fair_value": 68.046242, "relative_strength": 1.173148, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.168479, "energy": 9.512542, "activity_lines": [ 56.326009, 56.029187, 55.47342, 55.942766 ] }, { "date": "2024-04-12", "close": 56.766758, "volume": 111011, "typical_volume": 262355.35, "trend": 56.720047, "fair_value": 67.831472, "relative_strength": 1.248735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.275987, "energy": 10.041713, "activity_lines": [ 56.512047, 56.265169, 55.584773, 55.936694 ] }, { "date": "2024-04-19", "close": 55.043716, "volume": 234260, "typical_volume": 266763.35, "trend": 56.522391, "fair_value": 67.604547, "relative_strength": 1.111588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.259047, "energy": 11.890445, "activity_lines": [ 56.043829, 56.110572, 55.545115, 55.828543 ] }, { "date": "2024-04-26", "close": 60.081749, "volume": 217700, "typical_volume": 268234.35, "trend": 56.526088, "fair_value": 67.417132, "relative_strength": 1.375776, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.865882, "energy": 35.801585, "activity_lines": [ 57.359836, 56.837247, 55.993976, 56.058179 ] }, { "date": "2024-05-03", "close": 62.778671, "volume": 698550, "typical_volume": 299221.85, "trend": 56.655531, "fair_value": 67.248116, "relative_strength": 1.125211, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 56.82567, "energy": 64.471719, "activity_lines": [ 59.305124, 57.967099, 56.676504, 56.461572 ] }, { "date": "2024-05-10", "close": 64.745193, "volume": 219710, "typical_volume": 304422.35, "trend": 56.814676, "fair_value": 67.104195, "relative_strength": 1.52724, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 88.136353, "energy": 88.082996, "activity_lines": [ 61.462672, 59.34383, 57.517156, 56.983485 ] }, { "date": "2024-05-17", "close": 66.861542, "volume": 680600, "typical_volume": 326416.85, "trend": 57.118494, "fair_value": 66.964682, "relative_strength": 1.601287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.500136, "energy": 95.604925, "activity_lines": [ 63.788781, 60.946669, 58.513524, 57.63167 ] }, { "date": "2024-05-24", "close": 63.415451, "volume": 207520, "typical_volume": 334197.85, "trend": 57.274025, "fair_value": 66.786149, "relative_strength": 1.186299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.103726, "energy": 86.710054, "activity_lines": [ 64.293206, 61.71761, 59.137368, 58.037925 ] }, { "date": "2024-05-31", "close": 61.898426, "volume": 102932, "typical_volume": 325514.45, "trend": 57.349214, "fair_value": 66.602886, "relative_strength": 1.579441, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.453797, "energy": 81.714448, "activity_lines": [ 63.733841, 62.08912, 59.580436, 58.336274 ] }, { "date": "2024-06-07", "close": 62.797413, "volume": 106690, "typical_volume": 300988.95, "trend": 57.50784, "fair_value": 66.425498, "relative_strength": 1.375159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.231023, "energy": 55.786594, "activity_lines": [ 63.353027, 62.517498, 60.075767, 58.687771 ] }, { "date": "2024-06-14", "close": 61.778763, "volume": 181688, "typical_volume": 293465.55, "trend": 57.603953, "fair_value": 66.242975, "relative_strength": 2.007271, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.657704, "energy": 37.769569, "activity_lines": [ 62.631413, 62.639441, 60.421197, 58.963314 ] }, { "date": "2024-06-21", "close": 62.15604, "volume": 65683, "typical_volume": 263834.7, "trend": 57.691983, "fair_value": 66.05088, "relative_strength": 2.057713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.796466, "energy": 29.876393, "activity_lines": [ 62.23332, 62.73749, 60.765314, 59.256997 ] }, { "date": "2024-06-28", "close": 61.099667, "volume": 170465, "typical_volume": 254462.4, "trend": 57.832903, "fair_value": 65.872368, "relative_strength": 2.003195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.965621, "energy": 25.081612, "activity_lines": [ 61.796802, 62.545485, 60.962916, 59.476848 ] }, { "date": "2024-07-05", "close": 61.778763, "volume": 25700, "typical_volume": 250467.4, "trend": 58.051753, "fair_value": 65.716332, "relative_strength": 2.589976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.879763, "energy": 21.368037, "activity_lines": [ 61.741036, 62.366843, 61.187259, 59.731419 ] }, { "date": "2024-07-12", "close": 63.665142, "volume": 265738, "typical_volume": 241907.8, "trend": 58.285445, "fair_value": 65.557053, "relative_strength": 2.786802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.568638, "energy": 28.01731, "activity_lines": [ 62.32204, 62.500325, 61.560344, 60.093573 ] }, { "date": "2024-07-19", "close": 60.533752, "volume": 157341, "typical_volume": 232212.85, "trend": 58.465949, "fair_value": 65.394709, "relative_strength": 2.563563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.423257, "energy": 18.575112, "activity_lines": [ 61.801399, 62.048345, 61.601996, 60.238626 ] }, { "date": "2024-07-26", "close": 59.326477, "volume": 108173, "typical_volume": 229652.55, "trend": 58.525053, "fair_value": 65.251949, "relative_strength": 2.777502, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.625374, "energy": 8.965981, "activity_lines": [ 60.961334, 61.453433, 61.507164, 60.294143 ] }, { "date": "2024-08-02", "close": 58.911476, "volume": 125278, "typical_volume": 229827.55, "trend": 58.629006, "fair_value": 65.101623, "relative_strength": 2.436176, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.413924, "energy": 9.935888, "activity_lines": [ 60.171573, 60.920067, 61.354912, 60.319074 ] }, { "date": "2024-08-09", "close": 59.609432, "volume": 111861, "typical_volume": 222276.6, "trend": 58.786191, "fair_value": 64.952313, "relative_strength": 2.690905, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.30594, "energy": 16.771032, "activity_lines": [ 59.760343, 60.595492, 61.258204, 60.382327 ] }, { "date": "2024-08-16", "close": 60.778988, "volume": 73988, "typical_volume": 209331.0, "trend": 59.089115, "fair_value": 64.840723, "relative_strength": 2.582955, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.096137, "energy": 15.294765, "activity_lines": [ 59.883587, 60.525182, 61.255869, 60.510895 ] }, { "date": "2024-08-23", "close": 61.514671, "volume": 84800, "typical_volume": 197484.4, "trend": 59.341022, "fair_value": 64.722028, "relative_strength": 2.649917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.695135, "energy": 10.53892, "activity_lines": [ 60.444469, 60.625332, 61.30146, 60.667382 ] }, { "date": "2024-08-30", "close": 65.268547, "volume": 220604, "typical_volume": 202964.05, "trend": 59.766129, "fair_value": 64.615798, "relative_strength": 6.470654, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.810242, "energy": 33.491029, "activity_lines": [ 62.191248, 61.412806, 61.681597, 61.049803 ] }, { "date": "2024-09-06", "close": 61.005348, "volume": 129490, "typical_volume": 197725.55, "trend": 60.028528, "fair_value": 64.476663, "relative_strength": 2.542235, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.913009, "energy": 24.56445, "activity_lines": [ 62.120823, 61.368561, 61.615231, 61.129753 ] }, { "date": "2024-09-13", "close": 61.118534, "volume": 107404, "typical_volume": 192210.75, "trend": 60.222906, "fair_value": 64.364462, "relative_strength": 3.081736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.466155, "energy": 23.1463, "activity_lines": [ 61.948536, 61.346611, 61.531256, 61.200076 ] }, { "date": "2024-09-20", "close": 64.098999, "volume": 175345, "typical_volume": 166050.5, "trend": 60.469811, "fair_value": 64.286312, "relative_strength": 2.764386, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 58.793398, "energy": 40.788918, "activity_lines": [ 62.669129, 61.878568, 61.726197, 61.450146 ] }, { "date": "2024-09-27", "close": 72.531097, "volume": 1238255, "typical_volume": 216977.75, "trend": 61.020261, "fair_value": 64.25541, "relative_strength": 2.818872, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.606572, "energy": 74.10789, "activity_lines": [ 65.979088, 63.935745, 62.717908, 62.228294 ] }, { "date": "2024-10-04", "close": 79.755913, "volume": 2201017, "typical_volume": 292998.6, "trend": 61.826521, "fair_value": 64.265913, "relative_strength": 2.515027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.647352, "energy": 92.877214, "activity_lines": [ 70.962891, 67.088392, 64.360621, 63.437046 ] }, { "date": "2024-10-11", "close": 74.700424, "volume": 1559596, "typical_volume": 360602.4, "trend": 62.429304, "fair_value": 64.233527, "relative_strength": 2.64007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.246514, "energy": 87.323898, "activity_lines": [ 73.295706, 68.950414, 65.460457, 64.26762 ] }, { "date": "2024-10-18", "close": 72.946098, "volume": 556308, "typical_volume": 383271.2, "trend": 62.992962, "fair_value": 64.173054, "relative_strength": 2.30489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.038738, "energy": 85.860837, "activity_lines": [ 74.130741, 70.206396, 66.339477, 64.946123 ] }, { "date": "2024-10-25", "close": 72.267006, "volume": 210785, "typical_volume": 388475.95, "trend": 63.530863, "fair_value": 64.122504, "relative_strength": 2.329231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.872896, "energy": 82.991931, "activity_lines": [ 73.950908, 71.096423, 67.101213, 65.544448 ] }, { "date": "2024-11-01", "close": 71.908592, "volume": 91934, "typical_volume": 383988.25, "trend": 64.038088, "fair_value": 64.080474, "relative_strength": 2.162876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.741896, "energy": 54.33972, "activity_lines": [ 73.107069, 71.71241, 67.783721, 66.084947 ] }, { "date": "2024-11-08", "close": 73.002701, "volume": 286817, "typical_volume": 395044.95, "trend": 64.579286, "fair_value": 64.037052, "relative_strength": 2.522567, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.799399, "energy": 46.742592, "activity_lines": [ 72.669434, 72.338345, 68.522192, 66.663309 ] }, { "date": "2024-11-15", "close": 68.362206, "volume": 302800, "typical_volume": 401661.7, "trend": 65.023236, "fair_value": 63.96841, "relative_strength": 2.356444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.171532, "energy": 30.182896, "activity_lines": [ 71.135181, 71.979933, 68.767061, 66.907368 ] }, { "date": "2024-11-22", "close": 67.532204, "volume": 97526, "typical_volume": 405253.0, "trend": 65.271585, "fair_value": 63.912667, "relative_strength": 2.076322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.541274, "energy": 22.165223, "activity_lines": [ 69.746809, 71.336851, 68.898299, 67.069237 ] }, { "date": "2024-11-29", "close": 68.154709, "volume": 68079, "typical_volume": 395370.05, "trend": 65.450786, "fair_value": 63.868836, "relative_strength": 1.916352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.38552, "energy": 22.899739, "activity_lines": [ 68.926865, 70.690339, 69.061426, 67.255245 ] }, { "date": "2024-12-06", "close": 70.041084, "volume": 352657, "typical_volume": 405135.85, "trend": 65.627315, "fair_value": 63.831212, "relative_strength": 2.322421, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.940099, "energy": 23.177575, "activity_lines": [ 69.009865, 70.313064, 69.382828, 67.551393 ] }, { "date": "2024-12-13", "close": 70.313309, "volume": 150100, "typical_volume": 407232.2, "trend": 65.742374, "fair_value": 63.81095, "relative_strength": 2.094357, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.213349, "energy": 19.134168, "activity_lines": [ 69.308108, 70.030558, 69.684884, 67.853716 ] }, { "date": "2024-12-20", "close": 69.477173, "volume": 89697, "typical_volume": 405453.15, "trend": 65.944432, "fair_value": 63.783858, "relative_strength": 2.076591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.230442, "energy": 11.692029, "activity_lines": [ 69.506932, 69.767711, 69.854989, 68.09467 ] }, { "date": "2024-12-27", "close": 70.702217, "volume": 37600, "typical_volume": 401740.1, "trend": 66.237892, "fair_value": 63.760544, "relative_strength": 1.883366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.09184, "energy": 22.425273, "activity_lines": [ 70.039772, 69.822567, 70.091452, 68.401624 ] }, { "date": "2025-01-03", "close": 69.613289, "volume": 260500, "typical_volume": 411065.7, "trend": 66.465087, "fair_value": 63.729457, "relative_strength": 1.906051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.454179, "energy": 20.9715, "activity_lines": [ 69.998302, 69.720234, 70.171385, 68.619392 ] }, { "date": "2025-01-10", "close": 67.357658, "volume": 112260, "typical_volume": 412438.7, "trend": 66.651051, "fair_value": 63.666145, "relative_strength": 2.116336, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.814761, "energy": 7.23757, "activity_lines": [ 69.107717, 69.256036, 69.994429, 68.676977 ] }, { "date": "2025-01-17", "close": 69.146614, "volume": 777847, "typical_volume": 440300.85, "trend": 66.88407, "fair_value": 63.602984, "relative_strength": 1.958883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.046717, "energy": 10.201783, "activity_lines": [ 68.992345, 69.199846, 69.960025, 68.837981 ] }, { "date": "2025-01-24", "close": 70.955002, "volume": 442941, "typical_volume": 455973.4, "trend": 67.212581, "fair_value": 63.579706, "relative_strength": 2.02455, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.333605, "energy": 15.619191, "activity_lines": [ 69.557549, 69.542566, 70.079381, 69.100622 ] }, { "date": "2025-01-31", "close": 71.499458, "volume": 21700, "typical_volume": 451688.2, "trend": 67.536604, "fair_value": 63.53921, "relative_strength": 1.912278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.387439, "energy": 21.694793, "activity_lines": [ 70.205716, 69.937135, 70.203211, 69.377195 ] }, { "date": "2025-02-07", "close": 74.53289, "volume": 357732, "typical_volume": 460807.55, "trend": 67.898862, "fair_value": 63.51216, "relative_strength": 1.583556, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.913459, "energy": 55.529312, "activity_lines": [ 71.811878, 70.811106, 70.566507, 69.828568 ] }, { "date": "2025-02-14", "close": 79.705269, "volume": 570820, "typical_volume": 427435.8, "trend": 68.537913, "fair_value": 63.528791, "relative_strength": 1.41425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.873662, "energy": 85.767116, "activity_lines": [ 74.814193, 72.509542, 71.372724, 70.590272 ] }, { "date": "2025-02-21", "close": 82.699814, "volume": 587989, "typical_volume": 346784.4, "trend": 69.317024, "fair_value": 63.596078, "relative_strength": 1.306258, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.358694, "energy": 96.053601, "activity_lines": [ 77.991516, 74.576729, 72.429974, 71.503943 ] }, { "date": "2025-02-28", "close": 80.813644, "volume": 517672, "typical_volume": 294688.2, "trend": 70.047096, "fair_value": 63.669946, "relative_strength": 1.229544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.078899, "energy": 91.562986, "activity_lines": [ 79.636568, 76.075766, 73.29357, 72.24566 ] }, { "date": "2025-03-07", "close": 85.752678, "volume": 333254, "typical_volume": 283535.5, "trend": 70.918538, "fair_value": 63.799804, "relative_strength": 1.618732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.954061, "energy": 95.421995, "activity_lines": [ 82.270722, 78.266692, 74.59844, 73.258923 ] }, { "date": "2025-03-14", "close": 84.974884, "volume": 226522, "typical_volume": 284322.35, "trend": 71.725068, "fair_value": 63.90725, "relative_strength": 1.747116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.638449, "energy": 90.963184, "activity_lines": [ 83.695397, 80.042556, 75.76825, 74.165784 ] }, { "date": "2025-03-21", "close": 84.022072, "volume": 553060, "typical_volume": 307378.65, "trend": 72.475314, "fair_value": 64.010624, "relative_strength": 1.669555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.449486, "energy": 72.15436, "activity_lines": [ 84.106335, 81.36588, 76.786803, 74.95914 ] }, { "date": "2025-03-28", "close": 83.010933, "volume": 242563, "typical_volume": 305165.95, "trend": 73.066727, "fair_value": 64.09473, "relative_strength": 1.49022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.480006, "energy": 63.245349, "activity_lines": [ 83.89244, 82.202371, 77.651373, 75.638857 ] }, { "date": "2025-04-04", "close": 80.930305, "volume": 261746, "typical_volume": 303113.25, "trend": 73.730893, "fair_value": 64.168893, "relative_strength": 1.359241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.559661, "energy": 53.932455, "activity_lines": [ 82.964261, 82.408487, 78.27013, 76.146184 ] }, { "date": "2025-04-11", "close": 74.35788, "volume": 1104565, "typical_volume": 353465.2, "trend": 74.172204, "fair_value": 64.207715, "relative_strength": 1.654573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.759127, "energy": 22.906947, "activity_lines": [ 79.837496, 81.238248, 78.203094, 76.186635 ] }, { "date": "2025-04-18", "close": 75.777374, "volume": 194045, "typical_volume": 359763.5, "trend": 74.561483, "fair_value": 64.273516, "relative_strength": 1.185865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.219696, "energy": 23.192972, "activity_lines": [ 77.94355, 80.274128, 78.238745, 76.290195 ] }, { "date": "2025-04-25", "close": 77.99411, "volume": 142116, "typical_volume": 349236.45, "trend": 74.743584, "fair_value": 64.343229, "relative_strength": 1.290896, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.102502, "energy": 23.885977, "activity_lines": [ 77.401682, 79.690423, 78.449214, 76.511654 ] }, { "date": "2025-05-02", "close": 80.09417, "volume": 149105, "typical_volume": 349186.7, "trend": 74.754859, "fair_value": 64.449716, "relative_strength": 1.506765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.00052, "energy": 23.126122, "activity_lines": [ 77.961698, 79.51966, 78.821818, 76.856854 ] }, { "date": "2025-05-09", "close": 81.396996, "volume": 502163, "typical_volume": 369810.0, "trend": 74.978078, "fair_value": 64.565685, "relative_strength": 1.43926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.04396, "energy": 17.950222, "activity_lines": [ 79.150441, 79.633149, 79.271925, 77.285378 ] }, { "date": "2025-05-16", "close": 83.360939, "volume": 297534, "typical_volume": 382806.7, "trend": 75.325239, "fair_value": 64.67727, "relative_strength": 1.678344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.72425, "energy": 35.053708, "activity_lines": [ 80.962719, 80.093112, 79.852314, 77.826208 ] }, { "date": "2025-05-23", "close": 84.002625, "volume": 178800, "typical_volume": 378721.7, "trend": 75.716427, "fair_value": 64.792855, "relative_strength": 1.264761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.701962, "energy": 50.740133, "activity_lines": [ 82.388688, 80.713232, 80.433535, 78.38604 ] }, { "date": "2025-05-30", "close": 83.030373, "volume": 229553, "typical_volume": 384586.35, "trend": 76.087153, "fair_value": 64.894286, "relative_strength": 1.352976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.116535, "energy": 56.769301, "activity_lines": [ 82.942223, 81.174256, 80.853641, 78.857907 ] }, { "date": "2025-06-06", "close": 85.208221, "volume": 270303, "typical_volume": 359209.15, "trend": 76.494003, "fair_value": 64.992476, "relative_strength": 1.723275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.261588, "energy": 66.382001, "activity_lines": [ 83.885956, 82.049284, 81.406528, 79.446363 ] }, { "date": "2025-06-13", "close": 85.52243, "volume": 259692, "typical_volume": 350046.7, "trend": 77.066011, "fair_value": 65.108184, "relative_strength": 1.595403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.288016, "energy": 65.335634, "activity_lines": [ 84.593489, 82.941489, 81.912857, 80.028842 ] }, { "date": "2025-06-20", "close": 84.226334, "volume": 287399, "typical_volume": 363331.65, "trend": 77.622482, "fair_value": 65.201861, "relative_strength": 1.522311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.633086, "energy": 53.136742, "activity_lines": [ 84.593962, 83.514548, 82.226379, 80.490799 ] }, { "date": "2025-06-27", "close": 87.093445, "volume": 178991, "typical_volume": 354394.6, "trend": 78.253773, "fair_value": 65.30858, "relative_strength": 1.643578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.776573, "energy": 57.099263, "activity_lines": [ 85.492444, 84.429473, 82.752355, 81.101828 ] }, { "date": "2025-07-04", "close": 86.150833, "volume": 203883, "typical_volume": 336047.75, "trend": 78.790765, "fair_value": 65.411301, "relative_strength": 2.017871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.666867, "energy": 45.755907, "activity_lines": [ 85.870669, 84.967267, 83.128746, 81.611316 ] }, { "date": "2025-07-11", "close": 87.034538, "volume": 146324, "typical_volume": 313964.5, "trend": 79.348139, "fair_value": 65.548868, "relative_strength": 2.040452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.912581, "energy": 56.391277, "activity_lines": [ 86.33543, 85.517431, 83.558606, 82.143173 ] }, { "date": "2025-07-18", "close": 89.253601, "volume": 754091, "typical_volume": 325785.45, "trend": 80.007353, "fair_value": 65.6943, "relative_strength": 1.683891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.33923, "energy": 70.962019, "activity_lines": [ 87.418125, 86.344872, 84.179165, 82.782235 ] }, { "date": "2025-07-25", "close": 91.315567, "volume": 488443, "typical_volume": 333544.9, "trend": 80.694465, "fair_value": 65.862602, "relative_strength": 1.665751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.713218, "energy": 81.8558, "activity_lines": [ 88.939398, 87.404369, 84.95591, 83.511797 ] }, { "date": "2025-08-01", "close": 88.094978, "volume": 235203, "typical_volume": 333978.95, "trend": 81.310521, "fair_value": 66.008329, "relative_strength": 1.538883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.256669, "energy": 70.300408, "activity_lines": [ 88.914525, 87.733675, 85.399443, 83.989249 ] }, { "date": "2025-08-08", "close": 89.449982, "volume": 193700, "typical_volume": 316010.95, "trend": 82.046932, "fair_value": 66.163991, "relative_strength": 1.583955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.509532, "energy": 63.809266, "activity_lines": [ 89.274551, 88.234939, 85.957167, 84.514376 ] }, { "date": "2025-08-15", "close": 91.001366, "volume": 203929, "typical_volume": 314079.25, "trend": 82.775424, "fair_value": 66.336638, "relative_strength": 1.600952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.534399, "energy": 59.001877, "activity_lines": [ 89.931762, 88.901552, 86.636794, 85.092081 ] }, { "date": "2025-08-22", "close": 91.237015, "volume": 205115, "typical_volume": 311247.7, "trend": 83.451491, "fair_value": 66.502506, "relative_strength": 1.526955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.095978, "energy": 53.483357, "activity_lines": [ 90.403067, 89.505681, 87.300814, 85.63799 ] }, { "date": "2025-08-29", "close": 90.608604, "volume": 355600, "typical_volume": 273799.45, "trend": 84.088462, "fair_value": 66.679334, "relative_strength": 1.887496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.609852, "energy": 49.252885, "activity_lines": [ 90.532675, 89.891651, 87.855906, 86.09974 ] }, { "date": "2025-09-05", "close": 91.885063, "volume": 183756, "typical_volume": 273285.0, "trend": 84.666868, "fair_value": 66.863776, "relative_strength": 1.874209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.204602, "energy": 52.806255, "activity_lines": [ 91.134899, 90.393664, 88.455181, 86.602746 ] }, { "date": "2025-09-12", "close": 95.596596, "volume": 213856, "typical_volume": 276872.0, "trend": 85.196579, "fair_value": 67.084047, "relative_strength": 2.035013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.311598, "energy": 67.091268, "activity_lines": [ 92.721629, 91.48338, 89.331232, 87.30789 ] }, { "date": "2025-09-19", "close": 96.08754, "volume": 500515, "typical_volume": 294442.5, "trend": 85.642837, "fair_value": 67.324723, "relative_strength": 1.89243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.084663, "energy": 75.629617, "activity_lines": [ 94.062233, 92.490618, 90.170218, 88.010532 ] }, { "date": "2025-09-26", "close": 94.575432, "volume": 293989, "typical_volume": 284033.8, "trend": 86.101563, "fair_value": 67.570808, "relative_strength": 1.83171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.841319, "energy": 75.380756, "activity_lines": [ 94.559723, 93.058328, 90.789035, 88.586829 ] }, { "date": "2025-10-03", "close": 98.286972, "volume": 256005, "typical_volume": 281957.35, "trend": 86.519373, "fair_value": 67.829558, "relative_strength": 1.816647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.745939, "energy": 83.713997, "activity_lines": [ 96.071831, 94.204102, 91.698578, 89.372984 ] }, { "date": "2025-10-10", "close": 96.833778, "volume": 249700, "typical_volume": 285502.35, "trend": 86.914669, "fair_value": 68.103177, "relative_strength": 3.462619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.403272, "energy": 69.668005, "activity_lines": [ 96.58765, 94.958906, 92.398645, 90.03843 ] }, { "date": "2025-10-17", "close": 91.315567, "volume": 363847, "typical_volume": 292217.05, "trend": 87.157786, "fair_value": 68.349258, "relative_strength": 1.537517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.536305, "energy": 45.443771, "activity_lines": [ 94.934151, 94.551512, 92.512067, 90.322359 ] }, { "date": "2025-10-24", "close": 93.947029, "volume": 455306, "typical_volume": 301467.2, "trend": 87.522322, "fair_value": 68.640708, "relative_strength": 0.773216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.486498, "energy": 35.870531, "activity_lines": [ 94.443208, 94.588646, 92.836652, 90.760374 ] }, { "date": "2025-10-31", "close": 93.96666, "volume": 330095, "typical_volume": 304987.35, "trend": 87.956867, "fair_value": 68.9056, "relative_strength": 1.714424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.181594, "energy": 25.220077, "activity_lines": [ 94.10151, 94.575791, 93.121492, 91.176138 ] }, { "date": "2025-11-07", "close": 95.0271, "volume": 274469, "typical_volume": 304340.85, "trend": 88.645841, "fair_value": 69.152082, "relative_strength": 1.494116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.492417, "energy": 20.971898, "activity_lines": [ 94.153876, 94.706114, 93.467116, 91.632282 ] }, { "date": "2025-11-14", "close": 96.362473, "volume": 394765, "typical_volume": 315129.55, "trend": 89.332011, "fair_value": 69.393272, "relative_strength": 1.580989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.090022, "energy": 30.544511, "activity_lines": [ 94.868691, 94.998896, 93.888487, 92.130129 ] }, { "date": "2025-11-21", "close": 91.315567, "volume": 348585, "typical_volume": 322364.65, "trend": 89.77606, "fair_value": 69.61108, "relative_strength": 1.363337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.897271, "energy": 17.316122, "activity_lines": [ 93.932625, 94.292651, 93.785061, 92.258101 ] }, { "date": "2025-11-28", "close": 93.888115, "volume": 456382, "typical_volume": 337867.55, "trend": 90.235858, "fair_value": 69.821534, "relative_strength": 1.577435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.928774, "energy": 17.559352, "activity_lines": [ 93.854075, 94.131979, 93.902046, 92.523395 ] }, { "date": "2025-12-05", "close": 94.870003, "volume": 192423, "typical_volume": 309784.15, "trend": 90.684958, "fair_value": 70.014665, "relative_strength": 1.688866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.804118, "energy": 18.464705, "activity_lines": [ 94.106748, 94.189821, 94.079909, 92.822372 ] }, { "date": "2025-12-12", "close": 94.32, "volume": 384320, "typical_volume": 304578.0, "trend": 91.05026, "fair_value": 70.211923, "relative_strength": 1.460668, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.74408, "energy": 11.8189, "activity_lines": [ 94.115864, 94.142307, 94.178645, 93.056891 ] }, { "date": "2025-12-19", "close": 93.459999, "volume": 305363, "typical_volume": 308086.0, "trend": 91.365506, "fair_value": 70.40053, "relative_strength": 1.593084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.68409, "energy": 11.918726, "activity_lines": [ 93.885453, 94.010556, 94.181169, 93.212358 ] }, { "date": "2025-12-26", "close": 93.900002, "volume": 132206, "typical_volume": 305011.3, "trend": 91.727827, "fair_value": 70.587772, "relative_strength": 1.499621, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.476155, "energy": 11.719738, "activity_lines": [ 93.995208, 94.020147, 94.200051, 93.375873 ] }, { "date": "2026-01-02", "close": 95.639999, "volume": 102200, "typical_volume": 299924.85, "trend": 92.075553, "fair_value": 70.760708, "relative_strength": 1.282335, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.78933, "energy": 19.994232, "activity_lines": [ 94.512667, 94.299112, 94.363456, 93.628272 ] }, { "date": "2026-01-09", "close": 95.080002, "volume": 459312, "typical_volume": 312634.7, "trend": 92.394139, "fair_value": 70.91436, "relative_strength": 1.049239, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.728825, "energy": 19.675756, "activity_lines": [ 94.726667, 94.445477, 94.45144, 93.822107 ] }, { "date": "2026-01-16", "close": 97.459999, "volume": 457449, "typical_volume": 317727.15, "trend": 92.835261, "fair_value": 71.07792, "relative_strength": 1.158711, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.849875, "energy": 43.437913, "activity_lines": [ 95.72, 95.004327, 94.74779, 94.148937 ] }, { "date": "2026-01-23", "close": 97.279999, "volume": 285533, "typical_volume": 322816.0, "trend": 93.174813, "fair_value": 71.22719, "relative_strength": 1.277557, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.669429, "energy": 52.380557, "activity_lines": [ 96.444, 95.486215, 94.994371, 94.435694 ] }, { "date": "2026-01-30", "close": 99.699997, "volume": 537225, "typical_volume": 338984.45, "trend": 93.626451, "fair_value": 71.414062, "relative_strength": 1.323407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.275295, "energy": 65.543375, "activity_lines": [ 97.719999, 96.39142, 95.445738, 94.856674 ] }, { "date": "2026-02-06", "close": 96.519997, "volume": 323703, "typical_volume": 330143.85, "trend": 93.942633, "fair_value": 71.589848, "relative_strength": 1.088459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.639517, "energy": 56.608906, "activity_lines": [ 97.549331, 96.565999, 95.574708, 95.043354 ] }, { "date": "2026-02-13", "close": 96.720001, "volume": 257612, "typical_volume": 328325.0, "trend": 94.191513, "fair_value": 71.777962, "relative_strength": 1.207259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.175337, "energy": 42.901015, "activity_lines": [ 97.386665, 96.72909, 95.720667, 95.222539 ] }, { "date": "2026-02-20", "close": 96.139999, "volume": 56700, "typical_volume": 318359.75, "trend": 94.352328, "fair_value": 71.975842, "relative_strength": 1.122555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.530205, "energy": 30.1294, "activity_lines": [ 96.921332, 96.75309, 95.801175, 95.348248 ] }, { "date": "2026-02-27", "close": 97.059998, "volume": 221833, "typical_volume": 316966.4, "trend": 94.651162, "fair_value": 72.166833, "relative_strength": 1.191629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.372562, "energy": 19.855741, "activity_lines": [ 96.850665, 96.911272, 95.979526, 95.522936 ] }, { "date": "2026-03-06", "close": 93.68, "volume": 1038292, "typical_volume": 350688.65, "trend": 94.792162, "fair_value": 72.362546, "relative_strength": 0.926117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.876465, "energy": 11.385545, "activity_lines": [ 95.667999, 96.389454, 95.834895, 95.460281 ] }, { "date": "2026-03-13", "close": 92.839996, "volume": 144097, "typical_volume": 335128.2, "trend": 94.85345, "fair_value": 72.547876, "relative_strength": 1.113296, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.63054, "energy": 14.323638, "activity_lines": [ 94.606665, 95.718908, 95.599004, 95.334334 ] }, { "date": "2026-03-20", "close": 92.139999, "volume": 111094, "typical_volume": 324178.15, "trend": 94.88355, "fair_value": 72.72093, "relative_strength": 1.045362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.615649, "energy": 24.068381, "activity_lines": [ 93.557332, 94.971998, 95.301719, 95.159273 ] }, { "date": "2026-03-27", "close": 91.0, "volume": 354256, "typical_volume": 328167.5, "trend": 94.896596, "fair_value": 72.875515, "relative_strength": 1.040991, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.697855, "energy": 42.697424, "activity_lines": [ 92.433332, 94.071271, 94.904561, 94.908721 ] }, { "date": "2026-04-03", "close": 91.400002, "volume": 298010, "typical_volume": 323329.75, "trend": 94.880427, "fair_value": 73.034873, "relative_strength": 0.76767, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.5927, "energy": 58.586967, "activity_lines": [ 91.785333, 93.360727, 94.564675, 94.683135 ] }, { "date": "2026-04-10", "close": 93.80014, "volume": 248133, "typical_volume": 318307.15, "trend": 94.820545, "fair_value": 73.207525, "relative_strength": 0.274671, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.325222, "energy": 48.666656, "activity_lines": [ 92.314713, 93.19348, 94.477004, 94.613439 ] }, { "date": "2026-04-17", "close": 94.733376, "volume": 189403, "typical_volume": 304958.2, "trend": 94.775407, "fair_value": 73.394761, "relative_strength": 0.197137, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.532136, "energy": 27.422614, "activity_lines": [ 93.147163, 93.303182, 94.466381, 94.607815 ] }, { "date": "2026-04-24", "close": 94.157547, "volume": 228844, "typical_volume": 306779.25, "trend": 94.761477, "fair_value": 73.57912, "relative_strength": 0.246148, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.544933, "energy": 15.66408, "activity_lines": [ 93.661444, 93.340672, 94.396893, 94.567953 ] }, { "date": "2026-05-01", "close": 93.383156, "volume": 166600, "typical_volume": 295893.25, "trend": 94.598017, "fair_value": 73.75712, "relative_strength": 0.165049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.016257, "energy": 16.794126, "activity_lines": [ 93.783092, 93.283954, 94.257046, 94.479029 ] }, { "date": "2026-05-08", "close": 95.686462, "volume": 1077741, "typical_volume": 334512.15, "trend": 94.559773, "fair_value": 73.958953, "relative_strength": 0.200534, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.024635, "energy": 13.558571, "activity_lines": [ 94.513631, 93.696143, 94.341022, 94.549251 ] }, { "date": "2026-05-15", "close": 94.27668, "volume": 291420, "typical_volume": 342472.85, "trend": 94.658477, "fair_value": 74.154422, "relative_strength": 0.330847, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.76521, "energy": 13.64285, "activity_lines": [ 94.488479, 93.876982, 94.280131, 94.530987 ] }, { "date": "2026-05-22", "close": 93.14489, "volume": 243247, "typical_volume": 349525.2, "trend": 94.631739, "fair_value": 74.356587, "relative_strength": 0.465406, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.675252, "energy": 13.619234, "activity_lines": [ 94.054294, 93.841192, 94.109657, 94.433337 ] }, { "date": "2026-05-29", "close": 91.735107, "volume": 177895, "typical_volume": 335454.35, "trend": 94.557354, "fair_value": 74.545065, "relative_strength": 0.567838, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.476859, "energy": 22.4872, "activity_lines": [ 93.256081, 93.543534, 93.816799, 94.246457 ] }, { "date": "2026-06-05", "close": 91.059998, "volume": 15131, "typical_volume": 313338.45, "trend": 94.425117, "fair_value": 74.718287, "relative_strength": 0.67369, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.458551, "energy": 44.865263, "activity_lines": [ 92.394327, 93.13049, 93.475574, 94.020821 ] }, { "date": "2026-06-12", "close": 90.18, "volume": 6720, "typical_volume": 299397.8, "trend": 94.219034, "fair_value": 74.873196, "relative_strength": 0.647564, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.818905, "energy": 61.994256, "activity_lines": [ 91.394118, 92.556357, 93.081015, 93.746943 ] }, { "date": "2026-06-19", "close": 87.220001, "volume": 147269, "typical_volume": 279900.0, "trend": 94.082515, "fair_value": 75.031219, "relative_strength": 0.536405, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.430819, "energy": 77.002936, "activity_lines": [ 89.77434, 91.466223, 92.438361, 93.295392 ] }, { "date": "2026-06-26", "close": 83.059998, "volume": 92300, "typical_volume": 268329.85, "trend": 93.721578, "fair_value": 75.161115, "relative_strength": 0.991056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.785613, "energy": 90.090229, "activity_lines": [ 87.23834, 89.739364, 91.458945, 92.584262 ] }, { "date": "2026-07-03", "close": 85.68, "volume": 17100, "typical_volume": 256304.25, "trend": 93.415245, "fair_value": 75.317388, "relative_strength": 1.114997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.798503, "energy": 85.744122, "activity_lines": [ 86.248, 88.701113, 90.793148, 92.065451 ] }, { "date": "2026-07-10", "close": 88.739998, "volume": 187198, "typical_volume": 262829.15, "trend": 93.229245, "fair_value": 75.470607, "relative_strength": 1.117007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.837578, "energy": 78.465478, "activity_lines": [ 86.681332, 88.373361, 90.471351, 91.763822 ] }, { "date": "2026-07-17", "close": 90.0, "volume": 229881, "typical_volume": 263231.55, "trend": 93.113911, "fair_value": 75.639615, "relative_strength": 0.89958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.271968, "energy": 50.202823, "activity_lines": [ 87.689333, 88.359123, 90.304792, 91.555483 ] }, { "date": "2026-07-24", "close": 91.720001, "volume": 141978, "typical_volume": 218415.85, "trend": 93.041245, "fair_value": 75.80037, "relative_strength": 1.134655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.071972, "energy": 23.605741, "activity_lines": [ 89.282666, 88.761002, 90.335662, 91.465554 ] }, { "date": "2026-07-31", "close": 95.239998, "volume": 230066, "typical_volume": 222714.3, "trend": 93.027911, "fair_value": 75.992451, "relative_strength": 1.233082, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.834277, "energy": 18.640562, "activity_lines": [ 91.749333, 89.849365, 90.711103, 91.607409 ] }, { "date": "2026-08-07", "close": 94.300003, "volume": 166118, "typical_volume": 225465.5, "trend": 93.001911, "fair_value": 76.187505, "relative_strength": 1.038614, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 13.964135, "energy": 28.743303, "activity_lines": [ 93.090667, 90.728727, 90.985592, 91.689479 ] } ], "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." } } }