{ "ticker": { "uuid": "6af68364-2dad-4829-bba1-3e7d0aa95210", "symbol": "KNGX", "name": "Brompton International Cash Flow Kings ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 76.379, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 77.866, "architecture_energy": 77.47, "architecture_maturity": 19.268, "architecture_confidence": 70.636, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 23.88, "rotation_up": 75.9, "upward_expansion": 89.66, "deceleration": 44.78, "rotation_down": 9.27, "downward_expansion": 16.33 }, "activity_lines": [ 14.033333, 13.90153, 13.803776, 13.746593 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 14.2, "trend_reference": 13.642761, "distance_from_trend": 0.040845, "trend_direction": "Improving", "fair_value": 11.265928, "distance_from_fair_value": 0.260438, "fair_value_direction": "Improving", "relative_strength": -1.472489, "relative_strength_direction": "Weakening", "price_momentum": 0.044977, "excess_performance": -0.075444, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040845, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040194, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.260438, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.016742, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014725, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024761, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.044977, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.039474, "read": "Demand-led" } ], "volume": { "latest": 1300, "relative_activity": 0.302678, "balance": 4.039474, "dry_up": 0.512224, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.016583, "annualized_volatility": 0.135218, "from_high_reference": -0.006298, "from_low_reference": 14299.100705 }, "levels": { "trend_reference": 13.642761, "fair_value_reference": 11.265928, "structural_low": 13.129529, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.015667, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.007093, "regime_survival": 0.5, "best_return": 0.054491, "worst_return": -0.047755, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.033638, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.016875, "regime_survival": 1.0, "best_return": 0.048727, "worst_return": 0.018548, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.068179, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.035274, "regime_survival": 1.0, "best_return": 0.068179, "worst_return": 0.068179, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": -0.006389, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.057784, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": -0.033452, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": 0.041237, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.039616, "active": true } ], "chart_path": [ { "date": "2024-07-26", "close": 9.633737, "volume": 43077, "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": 9.487327, "volume": 86252, "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": 9.370202, "volume": 10670, "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": 9.702062, "volume": 20352, "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": 9.702062, "volume": 4940, "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": 9.760626, "volume": 7312, "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": 9.692301, "volume": 3656, "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": 9.555654, "volume": 2767, "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": 9.789907, "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": 9.731344, "volume": 4841, "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": 9.741104, "volume": 1483, "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": "2024-10-11", "close": 9.789907, "volume": 1285, "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": "2024-10-18", "close": 9.682541, "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": "2024-10-25", "close": 9.565413, "volume": 1878, "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": "2024-11-01", "close": 9.516609, "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": "2024-11-08", "close": 9.536133, "volume": 494, "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": "2024-11-15", "close": 9.243311, "volume": 494, "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": "2024-11-22", "close": 9.204268, "volume": 2075, "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": "2024-11-29", "close": 9.370202, "volume": 198, "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": "2024-12-06", "close": 9.419003, "volume": 1285, "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": "2024-12-13", "close": 9.458045, "volume": 2273, "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": "2024-12-20", "close": 9.223791, "volume": 6718, "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": "2024-12-27", "close": 9.253074, "volume": 198, "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": "2025-01-03", "close": 9.30407, "volume": 2390, "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": "2025-01-10", "close": 9.157931, "volume": 5900, "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": "2025-01-17", "close": 9.30407, "volume": 1400, "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": "2025-01-24", "close": 9.450205, "volume": 2000, "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": "2025-01-31", "close": 9.635314, "volume": 7100, "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": "2025-02-07", "close": 9.567116, "volume": 4200, "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": "2025-02-14", "close": 9.615829, "volume": 4000, "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": "2025-02-21", "close": 9.518404, "volume": 900, "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": "2025-02-28", "close": 9.761966, "volume": 2400, "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": "2025-03-07", "close": 9.947073, "volume": 600, "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": "2025-03-14", "close": 10.063982, "volume": 10700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 10.268574, "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": "2025-03-28", "close": 10.219862, "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": "2025-04-04", "close": 9.27385, "volume": 3500, "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": "2025-04-11", "close": 9.05818, "volume": 3800, "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": "2025-04-18", "close": 9.518931, "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": "2025-04-25", "close": 9.862044, "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": "2025-05-02", "close": 9.88165, "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": "2025-05-09", "close": 9.960077, "volume": 400, "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": "2025-05-16", "close": 10.185551, "volume": 2100, "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": "2025-05-23", "close": 10.254173, "volume": 100, "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": "2025-05-30", "close": 10.214961, "volume": 3900, "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": "2025-06-06", "close": 10.146339, "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": "2025-06-13", "close": 10.342402, "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": "2025-06-20", "close": 10.254173, "volume": 4500, "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": "2025-06-27", "close": 10.195354, "volume": 900, "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": "2025-07-04", "close": 10.329047, "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": "2025-07-11", "close": 10.477595, "volume": 200, "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": "2025-07-18", "close": 10.428079, "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": "2025-07-25", "close": 10.744982, "volume": 4600, "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": "2025-08-01", "close": 10.39837, "volume": 3300, "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": "2025-08-08", "close": 10.616241, "volume": 900, "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": "2025-08-15", "close": 10.982659, "volume": 2600, "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": "2025-08-22", "close": 11.151013, "volume": 1200, "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": "2025-08-29", "close": 10.883626, "volume": 600, "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": "2025-09-05", "close": 10.923239, "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": "2025-09-12", "close": 11.210433, "volume": 4400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 11.151013, "volume": 1800, "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": "2025-09-26", "close": 11.170819, "volume": 1700, "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": "2025-10-03", "close": 11.423914, "volume": 2000, "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": "2025-10-10", "close": 11.443763, "volume": 2600, "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": "2025-10-17", "close": 11.701818, "volume": 1100, "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": "2025-10-24", "close": 12.049201, "volume": 4300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 12.148453, "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": "2025-11-07", "close": 12.088902, "volume": 3300, "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": "2025-11-14", "close": 12.227855, "volume": 2500, "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": "2025-11-21", "close": 11.920174, "volume": 5600, "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": "2025-11-28", "close": 12.188153, "volume": 2900, "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": "2025-12-05", "close": 12.138527, "volume": 3200, "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": "2025-12-12", "close": 12.337032, "volume": 2700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 12.257631, "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": "2025-12-26", "close": 12.287406, "volume": 900, "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": "2026-01-02", "close": 12.340759, "volume": 1300, "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": "2026-01-09", "close": 12.760105, "volume": 2700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 12.790059, "volume": 2100, "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": "2026-01-23", "close": 12.889903, "volume": 3100, "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": "2026-01-30", "close": 13.284288, "volume": 7800, "typical_volume": 2605.0, "trend": 11.680534, "fair_value": 10.439197, "relative_strength": 6.70112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.795099, "energy": 50.319443, "activity_lines": [ 12.94748, 12.699666, 12.412223, 12.112352 ] }, { "date": "2026-02-06", "close": 13.588813, "volume": 20200, "typical_volume": 3525.0, "trend": 11.784241, "fair_value": 10.478081, "relative_strength": 7.082512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.902235, "energy": 54.6055, "activity_lines": [ 13.206077, 12.892653, 12.551159, 12.235466 ] }, { "date": "2026-02-13", "close": 13.878362, "volume": 19700, "typical_volume": 4425.0, "trend": 11.89925, "fair_value": 10.519548, "relative_strength": 7.148363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.890857, "energy": 59.973579, "activity_lines": [ 13.477986, 13.112818, 12.706062, 12.370571 ] }, { "date": "2026-02-20", "close": 13.858394, "volume": 9500, "typical_volume": 4800.0, "trend": 12.003031, "fair_value": 10.559775, "relative_strength": 4.480382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.644077, "energy": 95.271073, "activity_lines": [ 13.668689, 13.297719, 12.84617, 12.496967 ] }, { "date": "2026-02-27", "close": 14.00816, "volume": 15900, "typical_volume": 5465.0, "trend": 12.123357, "fair_value": 10.600827, "relative_strength": 3.882906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.560985, "energy": 94.901537, "activity_lines": [ 13.838092, 13.48219, 12.988949, 12.62633 ] }, { "date": "2026-03-06", "close": 13.259327, "volume": 22000, "typical_volume": 6510.0, "trend": 12.21146, "fair_value": 10.632104, "relative_strength": 2.068446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.257969, "energy": 88.147205, "activity_lines": [ 13.683333, 13.498681, 13.048199, 12.699619 ] }, { "date": "2026-03-13", "close": 13.334209, "volume": 2800, "typical_volume": 6435.0, "trend": 12.289845, "fair_value": 10.663524, "relative_strength": 4.354485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.58277, "energy": 84.592576, "activity_lines": [ 13.555199, 13.511116, 13.107165, 12.772054 ] }, { "date": "2026-03-20", "close": 13.199421, "volume": 7000, "typical_volume": 6760.0, "trend": 12.358125, "fair_value": 10.692672, "relative_strength": 7.284951, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.243827, "energy": 48.32208, "activity_lines": [ 13.399109, 13.480981, 13.147174, 12.830737 ] }, { "date": "2026-03-27", "close": 13.339202, "volume": 9200, "typical_volume": 7055.0, "trend": 12.439978, "fair_value": 10.722746, "relative_strength": 6.214935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.503735, "energy": 30.516664, "activity_lines": [ 13.334876, 13.468274, 13.195491, 12.894032 ] }, { "date": "2026-04-03", "close": 13.9, "volume": 5500, "typical_volume": 7205.0, "trend": 12.539203, "fair_value": 10.758446, "relative_strength": 6.739855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.137372, "energy": 44.030627, "activity_lines": [ 13.492188, 13.547545, 13.291263, 12.988227 ] }, { "date": "2026-04-10", "close": 14.11, "volume": 1400, "typical_volume": 6995.0, "trend": 12.635855, "fair_value": 10.795685, "relative_strength": 6.28252, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.357079, "energy": 60.097043, "activity_lines": [ 13.72671, 13.646633, 13.399073, 13.089569 ] }, { "date": "2026-04-17", "close": 14.05, "volume": 4000, "typical_volume": 7050.0, "trend": 12.732488, "fair_value": 10.831447, "relative_strength": 3.747167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.586643, "energy": 63.622873, "activity_lines": [ 13.884522, 13.719799, 13.490741, 13.180804 ] }, { "date": "2026-04-24", "close": 13.62, "volume": 5100, "typical_volume": 7145.0, "trend": 12.814128, "fair_value": 10.861757, "relative_strength": 1.870705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.328906, "energy": 57.34512, "activity_lines": [ 13.85128, 13.706397, 13.53259, 13.238063 ] }, { "date": "2026-05-01", "close": 13.53069, "volume": 5200, "typical_volume": 7270.0, "trend": 12.884354, "fair_value": 10.890455, "relative_strength": 1.219172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.196584, "energy": 49.287883, "activity_lines": [ 13.76023, 13.681455, 13.55888, 13.284292 ] }, { "date": "2026-05-08", "close": 13.58, "volume": 17200, "typical_volume": 8130.0, "trend": 12.955561, "fair_value": 10.919067, "relative_strength": 1.003623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.05505, "energy": 35.197186, "activity_lines": [ 13.672851, 13.671437, 13.584181, 13.329173 ] }, { "date": "2026-05-15", "close": 13.392621, "volume": 5800, "typical_volume": 8375.0, "trend": 13.011922, "fair_value": 10.945105, "relative_strength": 0.311594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.880164, "energy": 22.280444, "activity_lines": [ 13.544345, 13.635134, 13.585339, 13.35737 ] }, { "date": "2026-05-22", "close": 13.639172, "volume": 8100, "typical_volume": 8715.0, "trend": 13.064921, "fair_value": 10.973168, "relative_strength": 0.270227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.393716, "energy": 19.785178, "activity_lines": [ 13.545848, 13.641236, 13.604716, 13.397838 ] }, { "date": "2026-05-29", "close": 13.668757, "volume": 12000, "typical_volume": 9180.0, "trend": 13.115597, "fair_value": 11.000958, "relative_strength": -0.386634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.957852, "energy": 17.019331, "activity_lines": [ 13.584602, 13.647171, 13.620728, 13.436795 ] }, { "date": "2026-06-05", "close": 13.747654, "volume": 1000, "typical_volume": 9125.0, "trend": 13.170889, "fair_value": 11.028985, "relative_strength": 1.146835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.038584, "energy": 23.819494, "activity_lines": [ 13.646404, 13.658919, 13.639926, 13.477573 ] }, { "date": "2026-06-12", "close": 13.944895, "volume": 1000, "typical_volume": 9020.0, "trend": 13.228124, "fair_value": 11.058439, "relative_strength": 1.014206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.119881, "energy": 40.678547, "activity_lines": [ 13.759488, 13.699101, 13.67335, 13.527509 ] }, { "date": "2026-06-19", "close": 13.658896, "volume": 300, "typical_volume": 8645.0, "trend": 13.286081, "fair_value": 11.084443, "relative_strength": -1.162626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.794551, "energy": 34.001515, "activity_lines": [ 13.752914, 13.686468, 13.674511, 13.555301 ] }, { "date": "2026-06-26", "close": 13.58, "volume": 0, "typical_volume": 7635.0, "trend": 13.332476, "fair_value": 11.109152, "relative_strength": -1.794644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.739441, "energy": 28.578854, "activity_lines": [ 13.702289, 13.667692, 13.666375, 13.574263 ] }, { "date": "2026-07-03", "close": 13.69, "volume": 0, "typical_volume": 6650.0, "trend": 13.384192, "fair_value": 11.134454, "relative_strength": -1.781296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.466303, "energy": 25.588896, "activity_lines": [ 13.692275, 13.677462, 13.668758, 13.597329 ] }, { "date": "2026-07-10", "close": 13.72, "volume": 1300, "typical_volume": 6240.0, "trend": 13.430291, "fair_value": 11.159557, "relative_strength": -1.732003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.252954, "energy": 16.149449, "activity_lines": [ 13.690846, 13.691413, 13.674894, 13.618994 ] }, { "date": "2026-07-17", "close": 13.87, "volume": 2200, "typical_volume": 5555.0, "trend": 13.484036, "fair_value": 11.185619, "relative_strength": -0.596768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.589636, "energy": 28.270091, "activity_lines": [ 13.74126, 13.729195, 13.695975, 13.647363 ] }, { "date": "2026-07-24", "close": 13.76, "volume": 1500, "typical_volume": 4530.0, "trend": 13.533123, "fair_value": 11.210137, "relative_strength": -1.669997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.553963, "energy": 28.63309, "activity_lines": [ 13.76, 13.741704, 13.707237, 13.665167 ] }, { "date": "2026-07-31", "close": 14.19, "volume": 3800, "typical_volume": 4580.0, "trend": 13.594764, "fair_value": 11.238248, "relative_strength": 1.725497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.356358, "energy": 64.980174, "activity_lines": [ 13.915333, 13.825715, 13.757068, 13.707546 ] }, { "date": "2026-08-07", "close": 14.2, "volume": 1300, "typical_volume": 4295.0, "trend": 13.642761, "fair_value": 11.265928, "relative_strength": -1.472489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.866081, "energy": 77.469934, "activity_lines": [ 14.033333, 13.90153, 13.803776, 13.746593 ] } ], "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." } } }