{ "ticker": { "uuid": "66dc6048-d7c7-4a6e-9ab0-c9f8bdaa643d", "symbol": "83038", "name": "Hang Seng Investment Index Funds Series IV - Hang Seng Stock Connect China A Low Carbon 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": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": -18.351, "architecture_energy": 28.532, "architecture_maturity": 22.23, "architecture_confidence": 62.993, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 49.33, "rotation_up": 16.91, "upward_expansion": 17.83, "deceleration": 68.92, "rotation_down": 61.19, "downward_expansion": 40.5 }, "activity_lines": [ 29.734667, 30.035273, 30.169429, 29.991183 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 29.66, "trend_reference": 29.830667, "distance_from_trend": -0.005721, "trend_direction": "Improving", "fair_value": 24.904241, "distance_from_fair_value": 0.190962, "fair_value_direction": "Weakening", "relative_strength": 0.719503, "relative_strength_direction": "Weakening", "price_momentum": 0.006789, "excess_performance": 0.04037, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005721, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.011209, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.190962, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.07108, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.007195, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.04886, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.006789, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.098862, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.098862, "dry_up": 1.235577, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.022875, "annualized_volatility": 0.136371, "from_high_reference": -0.055414, "from_low_reference": 0.131135 }, "levels": { "trend_reference": 29.830667, "fair_value_reference": 24.904241, "structural_low": 27.700001, "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": 2, "median_return": 0.025202, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.00082, "regime_survival": 0.5, "best_return": 0.059253, "worst_return": -0.00885, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.135157, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.061522, "regime_survival": 0.0, "best_return": 0.135157, "worst_return": 0.135157, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.148133, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.079545, "regime_survival": 0.0, "best_return": 0.148133, "worst_return": 0.148133, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.238518, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.153575, "regime_survival": 0.0, "best_return": 0.238518, "worst_return": 0.238518, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-02-14", "tenure": "Established", "return": 0.037007, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.053883, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.03325, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.028158, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-28", "tenure": "Established", "return": 0.120872, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-26", "tenure": "New", "return": 0.013831, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": -0.009415, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-27", "tenure": "Developing", "return": -0.046008, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.028429, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.016194, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": -0.004563, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-10", "tenure": "Developing", "return": 0.001315, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": 0.039256, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.866961, "volume": 24600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 22.295763, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 22.65752, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 22.619442, "volume": 38900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 22.333839, "volume": 22500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 22.508175, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 22.469435, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 21.98518, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 22.12077, "volume": 16100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 21.22974, "volume": 8200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 21.442812, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 21.578405, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 21.597775, "volume": 16400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 21.578405, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 21.404074, "volume": 16400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 20.900448, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 20.532413, "volume": 30100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 20.241859, "volume": 28300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 20.067528, "volume": 9000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 20.609896, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 20.048161, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 19.757607, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 19.563904, "volume": 41300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 19.970678, "volume": 16800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 19.021538, "volume": 18000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 19.931938, "volume": 62900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 20.416193, "volume": 37000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 20.861708, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 21.171631, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 21.210369, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 21.539665, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 21.404074, "volume": 500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 21.11352, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 21.210369, "volume": 68600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 20.784225, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 21.15226, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 21.345963, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 21.927069, "volume": 42800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 21.907698, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 22.12077, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 21.655888, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 21.500923, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 21.500923, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 21.26848, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 21.132891, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 20.900448, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 20.687376, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 21.036037, "volume": 35400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 21.578405, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 20.803595, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 20.745485, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 20.358082, "volume": 8700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 20.396822, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 20.377453, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 20.280603, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 19.931938, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 19.447681, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 19.641384, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 23.000576, "volume": 132700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 27.229204, "volume": 378200, "typical_volume": 27750.0, "trend": 21.265994, "fair_value": 21.77814, "relative_strength": -1.178774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.584659, "energy": 71.911509, "activity_lines": [ 23.059985, 21.776702, 21.2974, 21.276937 ] }, { "date": "2024-10-11", "close": 25.055611, "volume": 156700, "typical_volume": 35585.0, "trend": 21.383192, "fair_value": 21.818603, "relative_strength": -2.616647, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.15379, "energy": 71.503178, "activity_lines": [ 24.12847, 22.488464, 21.667105, 21.521429 ] }, { "date": "2024-10-18", "close": 24.68017, "volume": 28800, "typical_volume": 37025.0, "trend": 21.492395, "fair_value": 21.8535, "relative_strength": -1.93296, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.81147, "energy": 66.692094, "activity_lines": [ 24.730229, 23.053597, 21.984864, 21.734137 ] }, { "date": "2024-10-25", "close": 24.541851, "volume": 0, "typical_volume": 37025.0, "trend": 21.606673, "fair_value": 21.88589, "relative_strength": -1.405737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.22556, "energy": 87.121746, "activity_lines": [ 24.93705, 23.514999, 22.274311, 21.930876 ] }, { "date": "2024-11-01", "close": 24.126892, "volume": 0, "typical_volume": 37025.0, "trend": 21.70389, "fair_value": 21.912568, "relative_strength": -2.607287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.353846, "energy": 70.579695, "activity_lines": [ 24.678853, 23.825589, 22.509758, 22.093471 ] }, { "date": "2024-11-08", "close": 25.589128, "volume": 41700, "typical_volume": 39110.0, "trend": 21.864054, "fair_value": 21.955822, "relative_strength": 2.224274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.139952, "energy": 63.340861, "activity_lines": [ 24.832981, 24.333868, 22.870853, 22.344131 ] }, { "date": "2024-11-15", "close": 24.482573, "volume": 50400, "typical_volume": 41630.0, "trend": 21.975064, "fair_value": 21.985203, "relative_strength": 4.318209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.410801, "energy": 50.882366, "activity_lines": [ 24.727595, 24.544437, 23.105342, 22.513068 ] }, { "date": "2024-11-22", "close": 24.028093, "volume": 0, "typical_volume": 41630.0, "trend": 22.064468, "fair_value": 22.008684, "relative_strength": 3.376899, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.530355, "energy": 40.205393, "activity_lines": [ 24.508918, 24.589635, 23.27949, 22.645521 ] }, { "date": "2024-11-29", "close": 24.126892, "volume": 111800, "typical_volume": 45450.0, "trend": 22.137796, "fair_value": 22.032755, "relative_strength": 2.766635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.94303, "energy": 36.834151, "activity_lines": [ 24.366647, 24.569515, 23.447139, 22.778581 ] }, { "date": "2024-12-06", "close": 24.541851, "volume": 0, "typical_volume": 45450.0, "trend": 22.225601, "fair_value": 22.060947, "relative_strength": 2.242234, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.074379, "energy": 30.306676, "activity_lines": [ 24.390358, 24.543288, 23.639589, 22.933681 ] }, { "date": "2024-12-13", "close": 24.403532, "volume": 9900, "typical_volume": 45945.0, "trend": 22.301693, "fair_value": 22.086976, "relative_strength": 1.102937, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.105084, "energy": 26.691425, "activity_lines": [ 24.3403, 24.463889, 23.804755, 23.074193 ] }, { "date": "2024-12-20", "close": 24.383772, "volume": 0, "typical_volume": 45945.0, "trend": 22.392622, "fair_value": 22.112215, "relative_strength": 2.290878, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.114963, "energy": 25.717016, "activity_lines": [ 24.362695, 24.432274, 23.950896, 23.208521 ] }, { "date": "2024-12-27", "close": 24.68017, "volume": 0, "typical_volume": 45510.0, "trend": 22.498597, "fair_value": 22.140128, "relative_strength": 1.597268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.170938, "energy": 34.989058, "activity_lines": [ 24.490475, 24.466763, 24.10794, 23.356104 ] }, { "date": "2025-01-03", "close": 23.435293, "volume": 0, "typical_volume": 45510.0, "trend": 22.563076, "fair_value": 22.154054, "relative_strength": -1.873991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.423723, "energy": 24.359729, "activity_lines": [ 24.159825, 24.274912, 24.125843, 23.416536 ] }, { "date": "2025-01-10", "close": 23.356255, "volume": 128900, "typical_volume": 51955.0, "trend": 22.632669, "fair_value": 22.166844, "relative_strength": 1.350968, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.704243, "energy": 16.158381, "activity_lines": [ 23.848936, 24.088809, 24.12175, 23.467709 ] }, { "date": "2025-01-17", "close": 23.810734, "volume": 0, "typical_volume": 51955.0, "trend": 22.72193, "fair_value": 22.184148, "relative_strength": 0.680389, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 16.299122, "energy": 24.454694, "activity_lines": [ 23.768579, 23.999351, 24.146756, 23.543713 ] }, { "date": "2025-01-24", "close": 23.949053, "volume": 500, "typical_volume": 51980.0, "trend": 22.82355, "fair_value": 22.202532, "relative_strength": -1.075838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.404881, "energy": 22.188623, "activity_lines": [ 23.773848, 23.967376, 24.168125, 23.622883 ] }, { "date": "2025-01-31", "close": 23.968813, "volume": 0, "typical_volume": 51980.0, "trend": 22.932932, "fair_value": 22.220741, "relative_strength": -1.710366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.317642, "energy": 16.391396, "activity_lines": [ 23.814685, 23.948694, 24.172246, 23.696771 ] }, { "date": "2025-02-07", "close": 24.383772, "volume": 50400, "typical_volume": 54500.0, "trend": 23.044523, "fair_value": 22.242813, "relative_strength": -4.13563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.543823, "energy": 28.665427, "activity_lines": [ 24.041266, 24.006536, 24.194359, 23.790373 ] }, { "date": "2025-02-14", "close": 24.91729, "volume": 9900, "typical_volume": 48360.0, "trend": 23.155819, "fair_value": 22.269828, "relative_strength": -8.260135, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.498324, "energy": 52.024688, "activity_lines": [ 24.382454, 24.156712, 24.244699, 23.911197 ] }, { "date": "2025-02-21", "close": 24.93705, "volume": 9900, "typical_volume": 29945.0, "trend": 23.293601, "fair_value": 22.2965, "relative_strength": -11.278015, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.058677, "energy": 76.115739, "activity_lines": [ 24.62616, 24.303654, 24.287795, 24.026115 ] }, { "date": "2025-02-28", "close": 24.561611, "volume": 0, "typical_volume": 22110.0, "trend": 23.420805, "fair_value": 22.318927, "relative_strength": -10.27348, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.271125, "energy": 72.907311, "activity_lines": [ 24.669632, 24.372634, 24.306049, 24.107922 ] }, { "date": "2025-03-07", "close": 24.838249, "volume": 0, "typical_volume": 20670.0, "trend": 23.570144, "fair_value": 22.343626, "relative_strength": -13.715192, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.676758, "energy": 75.43127, "activity_lines": [ 24.764479, 24.488679, 24.353002, 24.19937 ] }, { "date": "2025-03-14", "close": 25.21369, "volume": 0, "typical_volume": 20670.0, "trend": 23.730706, "fair_value": 22.371491, "relative_strength": -11.079603, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.112928, "energy": 77.417644, "activity_lines": [ 24.926511, 24.670111, 24.434959, 24.305405 ] }, { "date": "2025-03-21", "close": 24.66041, "volume": 0, "typical_volume": 20670.0, "trend": 23.873471, "fair_value": 22.3935, "relative_strength": -11.670817, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.198154, "energy": 46.86577, "activity_lines": [ 24.848789, 24.718613, 24.461024, 24.365386 ] }, { "date": "2025-03-28", "close": 24.69993, "volume": 0, "typical_volume": 18585.0, "trend": 24.020782, "fair_value": 22.415466, "relative_strength": -10.210245, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.772011, "energy": 43.262186, "activity_lines": [ 24.801365, 24.750588, 24.488311, 24.418706 ] }, { "date": "2025-04-04", "close": 24.364012, "volume": 0, "typical_volume": 16065.0, "trend": 24.168518, "fair_value": 22.433848, "relative_strength": -8.894288, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.075118, "energy": 29.353476, "activity_lines": [ 24.657776, 24.70532, 24.487841, 24.44085 ] }, { "date": "2025-04-11", "close": 23.514334, "volume": 275000, "typical_volume": 29815.0, "trend": 24.304073, "fair_value": 22.443946, "relative_strength": -3.748344, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -21.528637, "energy": 22.504063, "activity_lines": [ 24.244135, 24.49802, 24.407013, 24.398645 ] }, { "date": "2025-04-18", "close": 23.593372, "volume": 0, "typical_volume": 24225.0, "trend": 24.435806, "fair_value": 22.454589, "relative_strength": -5.28006, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "down", "direction": -69.852538, "energy": 49.428687, "activity_lines": [ 23.9451, 24.313354, 24.336159, 24.352793 ] }, { "date": "2025-04-25", "close": 23.771214, "volume": 0, "typical_volume": 24225.0, "trend": 24.461494, "fair_value": 22.466668, "relative_strength": -6.911966, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.460774, "energy": 56.097858, "activity_lines": [ 23.813368, 24.175394, 24.284783, 24.309916 ] }, { "date": "2025-05-02", "close": 23.988573, "volume": 34900, "typical_volume": 25475.0, "trend": 24.353473, "fair_value": 22.480504, "relative_strength": -8.0639, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.16522, "energy": 56.073637, "activity_lines": [ 23.813368, 24.097791, 24.257778, 24.279405 ] }, { "date": "2025-05-09", "close": 24.126892, "volume": 0, "typical_volume": 25475.0, "trend": 24.322516, "fair_value": 22.495336, "relative_strength": -8.850376, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.015678, "energy": 51.097636, "activity_lines": [ 23.906898, 24.062582, 24.245922, 24.264787 ] }, { "date": "2025-05-16", "close": 24.561611, "volume": 44800, "typical_volume": 27715.0, "trend": 24.318564, "fair_value": 22.513785, "relative_strength": -8.985532, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.586815, "energy": 12.587423, "activity_lines": [ 24.161143, 24.114318, 24.276691, 24.280212 ] }, { "date": "2025-05-23", "close": 24.561611, "volume": 0, "typical_volume": 27715.0, "trend": 24.319222, "fair_value": 22.531907, "relative_strength": -9.788902, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.548711, "energy": 15.588935, "activity_lines": [ 24.345569, 24.171083, 24.308025, 24.295893 ] }, { "date": "2025-05-30", "close": 24.245453, "volume": 0, "typical_volume": 21270.0, "trend": 24.323174, "fair_value": 22.546938, "relative_strength": -9.535606, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.219832, "energy": 15.203994, "activity_lines": [ 24.36006, 24.18222, 24.303885, 24.291134 ] }, { "date": "2025-06-06", "close": 24.364012, "volume": 19900, "typical_volume": 22265.0, "trend": 24.282337, "fair_value": 22.562739, "relative_strength": -10.79567, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.774256, "energy": 19.21047, "activity_lines": [ 24.382455, 24.222459, 24.306802, 24.293768 ] }, { "date": "2025-06-13", "close": 24.443052, "volume": 0, "typical_volume": 22240.0, "trend": 24.28102, "fair_value": 22.578949, "relative_strength": -10.637846, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.926864, "energy": 23.161724, "activity_lines": [ 24.406167, 24.283176, 24.314612, 24.304137 ] }, { "date": "2025-06-20", "close": 24.344252, "volume": 29700, "typical_volume": 23725.0, "trend": 24.291559, "fair_value": 22.594037, "relative_strength": -9.420153, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.395661, "energy": 20.081688, "activity_lines": [ 24.375868, 24.324492, 24.31066, 24.308216 ] }, { "date": "2025-06-27", "close": 24.897532, "volume": 9100, "typical_volume": 21660.0, "trend": 24.317246, "fair_value": 22.613558, "relative_strength": -10.002759, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.615231, "energy": 37.435309, "activity_lines": [ 24.544487, 24.451315, 24.357613, 24.347311 ] }, { "date": "2025-07-04", "close": 25.253208, "volume": 34600, "typical_volume": 22895.0, "trend": 24.340958, "fair_value": 22.63574, "relative_strength": -7.145504, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.533167, "energy": 64.871415, "activity_lines": [ 24.809269, 24.619095, 24.435994, 24.407696 ] }, { "date": "2025-07-11", "close": 25.569368, "volume": 9900, "typical_volume": 22895.0, "trend": 24.37982, "fair_value": 22.660187, "relative_strength": -6.710428, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.965003, "energy": 93.07395, "activity_lines": [ 25.112255, 24.817413, 24.542886, 24.486948 ] }, { "date": "2025-07-18", "close": 25.786728, "volume": 0, "typical_volume": 22895.0, "trend": 24.426585, "fair_value": 22.686026, "relative_strength": -8.206286, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.965617, "energy": 96.349633, "activity_lines": [ 25.407337, 25.026509, 24.667468, 24.577717 ] }, { "date": "2025-07-25", "close": 26.201687, "volume": 0, "typical_volume": 22895.0, "trend": 24.477302, "fair_value": 22.714843, "relative_strength": -8.500614, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.623847, "energy": 97.164149, "activity_lines": [ 25.75116, 25.280873, 24.825736, 24.692239 ] }, { "date": "2025-08-01", "close": 25.806488, "volume": 0, "typical_volume": 22895.0, "trend": 24.556342, "fair_value": 22.739978, "relative_strength": -6.369416, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.371941, "energy": 88.492758, "activity_lines": [ 25.839421, 25.433564, 24.939873, 24.777993 ] }, { "date": "2025-08-08", "close": 26.162167, "volume": 0, "typical_volume": 22895.0, "trend": 24.649872, "fair_value": 22.767576, "relative_strength": -6.196638, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.715438, "energy": 91.888776, "activity_lines": [ 25.985645, 25.628289, 25.085062, 24.881595 ] }, { "date": "2025-08-15", "close": 26.616646, "volume": 0, "typical_volume": 22895.0, "trend": 24.743403, "fair_value": 22.798369, "relative_strength": -5.931704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.609067, "energy": 95.620189, "activity_lines": [ 26.222764, 25.870798, 25.266383, 25.008483 ] }, { "date": "2025-08-22", "close": 27.881281, "volume": 26400, "typical_volume": 24215.0, "trend": 24.874477, "fair_value": 22.83871, "relative_strength": -1.635069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.453463, "energy": 95.24235, "activity_lines": [ 26.81161, 26.302283, 25.559018, 25.210927 ] }, { "date": "2025-08-29", "close": 28.355522, "volume": 0, "typical_volume": 10465.0, "trend": 25.020701, "fair_value": 22.882149, "relative_strength": 1.075515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.715588, "energy": 98.663433, "activity_lines": [ 27.4189, 26.75748, 25.88007, 25.435511 ] }, { "date": "2025-09-05", "close": 28.316, "volume": 112100, "typical_volume": 16070.0, "trend": 25.151775, "fair_value": 22.924601, "relative_strength": -0.36797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.786049, "energy": 95.61197, "activity_lines": [ 27.869426, 27.13256, 26.174305, 25.648111 ] }, { "date": "2025-09-12", "close": 28.809999, "volume": 38300, "typical_volume": 17985.0, "trend": 25.281532, "fair_value": 22.970224, "relative_strength": -2.309877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.37026, "energy": 95.86594, "activity_lines": [ 28.317318, 27.535303, 26.493099, 25.884125 ] }, { "date": "2025-09-19", "close": 28.700001, "volume": 0, "typical_volume": 16240.0, "trend": 25.406963, "fair_value": 23.014299, "relative_strength": -3.267281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.647479, "energy": 90.789102, "activity_lines": [ 28.552022, 27.853378, 26.777422, 26.104672 ] }, { "date": "2025-09-26", "close": 29.02, "volume": 0, "typical_volume": 16240.0, "trend": 25.555576, "fair_value": 23.060144, "relative_strength": -0.621035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.73566, "energy": 81.793782, "activity_lines": [ 28.754502, 28.172714, 27.069787, 26.337771 ] }, { "date": "2025-10-03", "close": 29.719999, "volume": 9900, "typical_volume": 14495.0, "trend": 25.718301, "fair_value": 23.110598, "relative_strength": -1.848303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.265426, "energy": 76.712524, "activity_lines": [ 29.1144, 28.560536, 27.405517, 26.606443 ] }, { "date": "2025-10-10", "close": 29.379999, "volume": 0, "typical_volume": 14495.0, "trend": 25.857178, "fair_value": 23.157736, "relative_strength": 0.274336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.399914, "energy": 70.571149, "activity_lines": [ 29.269999, 28.82257, 27.684302, 26.842682 ] }, { "date": "2025-10-17", "close": 28.6, "volume": 0, "typical_volume": 14495.0, "trend": 25.988498, "fair_value": 23.19835, "relative_strength": 1.739504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.94871, "energy": 67.371442, "activity_lines": [ 29.094666, 28.877814, 27.865858, 27.019638 ] }, { "date": "2025-10-24", "close": 29.16, "volume": 0, "typical_volume": 13500.0, "trend": 26.137167, "fair_value": 23.242511, "relative_strength": 0.244878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.003771, "energy": 66.780307, "activity_lines": [ 29.12, 28.990551, 28.08001, 27.224251 ] }, { "date": "2025-10-31", "close": 29.48, "volume": 0, "typical_volume": 13500.0, "trend": 26.3077, "fair_value": 23.288374, "relative_strength": 2.405033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.712099, "energy": 66.785596, "activity_lines": [ 29.221333, 29.115227, 28.301801, 27.439918 ] }, { "date": "2025-11-07", "close": 29.639999, "volume": 0, "typical_volume": 12015.0, "trend": 26.511889, "fair_value": 23.334737, "relative_strength": 1.8308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.412296, "energy": 65.958255, "activity_lines": [ 29.345333, 29.239927, 28.514845, 27.654905 ] }, { "date": "2025-11-14", "close": 29.4, "volume": 81100, "typical_volume": 15615.0, "trend": 26.705443, "fair_value": 23.378688, "relative_strength": 0.016297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.301085, "energy": 63.515552, "activity_lines": [ 29.394666, 29.297636, 28.679813, 27.841234 ] }, { "date": "2025-11-21", "close": 28.200001, "volume": 0, "typical_volume": 13885.0, "trend": 26.853069, "fair_value": 23.413374, "relative_strength": 1.309868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.226199, "energy": 49.644943, "activity_lines": [ 29.042667, 29.117454, 28.709056, 27.937657 ] }, { "date": "2025-11-28", "close": 28.66, "volume": 0, "typical_volume": 13390.0, "trend": 27.008784, "fair_value": 23.450849, "relative_strength": 0.65333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.418993, "energy": 38.331365, "activity_lines": [ 28.870667, 29.032, 28.768075, 28.054234 ] }, { "date": "2025-12-05", "close": 28.92, "volume": 0, "typical_volume": 13390.0, "trend": 27.168554, "fair_value": 23.489638, "relative_strength": 0.909026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.59204, "energy": 28.287066, "activity_lines": [ 28.818667, 28.994545, 28.837139, 28.177538 ] }, { "date": "2025-12-12", "close": 28.98, "volume": 0, "typical_volume": 13390.0, "trend": 27.315834, "fair_value": 23.528302, "relative_strength": 1.729237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.677018, "energy": 28.024308, "activity_lines": [ 28.824, 28.969818, 28.896998, 28.294405 ] }, { "date": "2025-12-19", "close": 29.0, "volume": 0, "typical_volume": 13390.0, "trend": 27.46378, "fair_value": 23.566566, "relative_strength": 3.128409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.810063, "energy": 29.614209, "activity_lines": [ 28.88, 28.962182, 28.94553, 28.403061 ] }, { "date": "2025-12-26", "close": 29.32, "volume": 0, "typical_volume": 13390.0, "trend": 27.632931, "fair_value": 23.60652, "relative_strength": 3.917372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.368664, "energy": 44.216376, "activity_lines": [ 29.069333, 29.019636, 29.009332, 28.522817 ] }, { "date": "2026-01-02", "close": 29.74, "volume": 0, "typical_volume": 13390.0, "trend": 27.812131, "fair_value": 23.64882, "relative_strength": 3.430211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.846497, "energy": 56.674248, "activity_lines": [ 29.324, 29.140364, 29.098097, 28.658757 ] }, { "date": "2026-01-09", "close": 30.34, "volume": 0, "typical_volume": 12070.0, "trend": 28.008696, "fair_value": 23.69465, "relative_strength": 6.074056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.115904, "energy": 83.393214, "activity_lines": [ 29.706667, 29.359636, 29.229131, 28.821846 ] }, { "date": "2026-01-16", "close": 30.18, "volume": 0, "typical_volume": 12070.0, "trend": 28.203221, "fair_value": 23.738768, "relative_strength": 3.271399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.78535, "energy": 89.106858, "activity_lines": [ 29.941333, 29.534182, 29.333219, 28.96193 ] }, { "date": "2026-01-23", "close": 29.959999, "volume": 0, "typical_volume": 6465.0, "trend": 28.37197, "fair_value": 23.780804, "relative_strength": 3.018136, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.108499, "energy": 85.376429, "activity_lines": [ 30.022666, 29.658909, 29.407667, 29.07527 ] }, { "date": "2026-01-30", "close": 29.799999, "volume": 0, "typical_volume": 4550.0, "trend": 28.523529, "fair_value": 23.821201, "relative_strength": 0.254424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.62096, "energy": 81.892664, "activity_lines": [ 29.986666, 29.744363, 29.459047, 29.167401 ] }, { "date": "2026-02-06", "close": 29.459999, "volume": 0, "typical_volume": 4550.0, "trend": 28.653217, "fair_value": 23.858793, "relative_strength": 2.278033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.100083, "energy": 49.911675, "activity_lines": [ 29.805333, 29.738909, 29.473333, 29.227819 ] }, { "date": "2026-02-13", "close": 29.459999, "volume": 9900, "typical_volume": 5045.0, "trend": 28.775659, "fair_value": 23.895887, "relative_strength": 2.237113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.820534, "energy": 30.440072, "activity_lines": [ 29.642666, 29.718908, 29.484, 29.279869 ] }, { "date": "2026-02-20", "close": 29.559999, "volume": 0, "typical_volume": 4550.0, "trend": 28.887603, "fair_value": 23.933151, "relative_strength": 3.077221, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.339652, "energy": 23.818207, "activity_lines": [ 29.571999, 29.707272, 29.502095, 29.330472 ] }, { "date": "2026-02-27", "close": 29.700001, "volume": 0, "typical_volume": 4550.0, "trend": 29.017387, "fair_value": 23.970843, "relative_strength": 2.639628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.333752, "energy": 23.933011, "activity_lines": [ 29.589333, 29.710545, 29.534285, 29.382884 ] }, { "date": "2026-03-06", "close": 29.1, "volume": 15000, "typical_volume": 5300.0, "trend": 29.115315, "fair_value": 24.004149, "relative_strength": 3.783224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.100152, "energy": 14.309403, "activity_lines": [ 29.424, 29.592, 29.507809, 29.388214 ] }, { "date": "2026-03-13", "close": 29.379999, "volume": 0, "typical_volume": 5300.0, "trend": 29.207427, "fair_value": 24.038832, "relative_strength": 5.792536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.063988, "energy": 15.418586, "activity_lines": [ 29.398666, 29.528363, 29.505619, 29.405291 ] }, { "date": "2026-03-20", "close": 28.620001, "volume": 9000, "typical_volume": 5750.0, "trend": 29.232051, "fair_value": 24.068198, "relative_strength": 3.656702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.449643, "energy": 32.628535, "activity_lines": [ 29.125333, 29.333091, 29.43, 29.367392 ] }, { "date": "2026-03-27", "close": 28.200001, "volume": 0, "typical_volume": 5750.0, "trend": 29.226867, "fair_value": 24.094573, "relative_strength": 3.329721, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.536734, "energy": 52.029307, "activity_lines": [ 28.768, 29.092727, 29.318476, 29.300808 ] }, { "date": "2026-04-03", "close": 28.139999, "volume": 0, "typical_volume": 1695.0, "trend": 29.221, "fair_value": 24.118611, "relative_strength": 2.336578, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.274576, "energy": 74.109986, "activity_lines": [ 28.481333, 28.877454, 29.208095, 29.230688 ] }, { "date": "2026-04-10", "close": 28.940001, "volume": 0, "typical_volume": 1695.0, "trend": 29.225333, "fair_value": 24.148264, "relative_strength": 2.099651, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.152733, "energy": 75.740953, "activity_lines": [ 28.565334, 28.840727, 29.179905, 29.212559 ] }, { "date": "2026-04-17", "close": 29.639999, "volume": 0, "typical_volume": 1695.0, "trend": 29.256666, "fair_value": 24.184114, "relative_strength": 3.44779, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.461885, "energy": 32.487337, "activity_lines": [ 28.893333, 28.946909, 29.214857, 29.239312 ] }, { "date": "2026-04-24", "close": 30.0, "volume": 0, "typical_volume": 1695.0, "trend": 29.289333, "fair_value": 24.223492, "relative_strength": 5.303195, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.593246, "energy": 16.155321, "activity_lines": [ 29.324, 29.115273, 29.279428, 29.287269 ] }, { "date": "2026-05-01", "close": 30.120001, "volume": 24600, "typical_volume": 2925.0, "trend": 29.302667, "fair_value": 24.263273, "relative_strength": 6.359748, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 42.014431, "energy": 41.523328, "activity_lines": [ 29.702667, 29.295637, 29.350286, 29.34086 ] }, { "date": "2026-05-08", "close": 30.68, "volume": 0, "typical_volume": 2925.0, "trend": 29.346, "fair_value": 24.309817, "relative_strength": 5.605481, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 82.100519, "energy": 63.725035, "activity_lines": [ 30.14, 29.567637, 29.469048, 29.42972 ] }, { "date": "2026-05-15", "close": 30.540001, "volume": 0, "typical_volume": 2925.0, "trend": 29.410667, "fair_value": 24.355586, "relative_strength": 6.637252, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.132622, "energy": 80.970713, "activity_lines": [ 30.361334, 29.796364, 29.566476, 29.506753 ] }, { "date": "2026-05-22", "close": 30.42, "volume": 0, "typical_volume": 2925.0, "trend": 29.452667, "fair_value": 24.404613, "relative_strength": 7.422023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.492, "energy": 77.952538, "activity_lines": [ 30.436, 29.977091, 29.646667, 29.571871 ] }, { "date": "2026-05-29", "close": 30.9, "volume": 0, "typical_volume": 2925.0, "trend": 29.5, "fair_value": 24.456839, "relative_strength": 10.594973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.309333, "energy": 80.625029, "activity_lines": [ 30.618667, 30.226182, 29.769333, 29.665247 ] }, { "date": "2026-06-05", "close": 30.219999, "volume": 24000, "typical_volume": 4125.0, "trend": 29.519333, "fair_value": 24.505561, "relative_strength": 8.764523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.37826, "energy": 52.378494, "activity_lines": [ 30.514666, 30.310182, 29.824571, 29.711699 ] }, { "date": "2026-06-12", "close": 30.24, "volume": 16400, "typical_volume": 4945.0, "trend": 29.547333, "fair_value": 24.549651, "relative_strength": 9.53106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.815046, "energy": 44.867569, "activity_lines": [ 30.410666, 30.361091, 29.881524, 29.758193 ] }, { "date": "2026-06-19", "close": 31.16, "volume": 100, "typical_volume": 4950.0, "trend": 29.646, "fair_value": 24.603543, "relative_strength": 16.070392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.906191, "energy": 55.611724, "activity_lines": [ 30.642666, 30.541091, 30.024762, 29.862237 ] }, { "date": "2026-06-26", "close": 30.76, "volume": 76500, "typical_volume": 8775.0, "trend": 29.716, "fair_value": 24.654262, "relative_strength": 20.229593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.308197, "energy": 46.444593, "activity_lines": [ 30.7, 30.608, 30.123429, 29.934107 ] }, { "date": "2026-07-03", "close": 30.74, "volume": 6000, "typical_volume": 8580.0, "trend": 29.776667, "fair_value": 24.705462, "relative_strength": 16.146024, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.295719, "energy": 47.990465, "activity_lines": [ 30.728, 30.650909, 30.214, 30.000172 ] }, { "date": "2026-07-10", "close": 30.459999, "volume": 9000, "typical_volume": 9030.0, "trend": 29.826, "fair_value": 24.752305, "relative_strength": 10.782855, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.843012, "energy": 47.018343, "activity_lines": [ 30.673333, 30.629454, 30.271809, 30.044258 ] }, { "date": "2026-07-17", "close": 29.040001, "volume": 51400, "typical_volume": 11600.0, "trend": 29.827333, "fair_value": 24.791632, "relative_strength": 3.70192, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 5.581666, "energy": 12.383928, "activity_lines": [ 30.129333, 30.343636, 30.190095, 29.993548 ] }, { "date": "2026-07-24", "close": 30.18, "volume": 0, "typical_volume": 10850.0, "trend": 29.856, "fair_value": 24.829845, "relative_strength": 5.726128, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 26.971309, "energy": 21.591792, "activity_lines": [ 30.045333, 30.294909, 30.220095, 30.016301 ] }, { "date": "2026-07-31", "close": 29.66, "volume": 0, "typical_volume": 10850.0, "trend": 29.853333, "fair_value": 24.864846, "relative_strength": 0.050356, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 2.603745, "energy": 18.593697, "activity_lines": [ 29.853333, 30.158182, 30.195429, 30.003656 ] }, { "date": "2026-08-07", "close": 29.66, "volume": 0, "typical_volume": 10400.0, "trend": 29.830667, "fair_value": 24.904241, "relative_strength": 0.719503, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.351478, "energy": 28.532188, "activity_lines": [ 29.734667, 30.035273, 30.169429, 29.991183 ] } ], "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." } } }