{ "ticker": { "uuid": "6e242941-3279-4ea9-b880-59601db301dc", "symbol": "LDEM", "name": "ISHARES ESG MSCI EM LEADERS ETF", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.947, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -15.901, "architecture_energy": 15.036, "architecture_maturity": 20.839, "architecture_confidence": 63.019, "architecture_tenure": "Developing", "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": 63.72, "rotation_up": 17.77, "upward_expansion": 19.22, "deceleration": 53.04, "rotation_down": 43.15, "downward_expansion": 61.55 }, "activity_lines": [ 59.696953, 59.693958, 60.125933, 60.120314 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 60.9724, "trend_reference": 60.339391, "distance_from_trend": 0.010491, "trend_direction": "Improving", "fair_value": 48.858497, "distance_from_fair_value": 0.247939, "fair_value_direction": "Weakening", "relative_strength": -9.507718, "relative_strength_direction": "Weakening", "price_momentum": -0.022157, "excess_performance": -0.209611, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010491, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01195, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.247939, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.091651, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.095077, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024316, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.022157, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.494619, "read": "Supply-led" } ], "volume": { "latest": 10014, "relative_activity": 0.891473, "balance": 0.494619, "dry_up": 0.488779, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.036472, "annualized_volatility": 0.221297, "from_high_reference": -0.050558, "from_low_reference": 0.137155 }, "levels": { "trend_reference": 60.339391, "fair_value_reference": 48.858497, "structural_low": 55.498536, "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": 13, "median_return": 0.010433, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": -0.003437, "regime_survival": 0.538462, "best_return": 0.07044, "worst_return": -0.075949, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.006788, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.054113, "regime_survival": 0.333333, "best_return": 0.163374, "worst_return": -0.056796, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.040568, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.146849, "regime_survival": 0.25, "best_return": 0.232524, "worst_return": -0.047556, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.120994, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.19682, "regime_survival": 0.0, "best_return": 0.341705, "worst_return": -0.017867, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.013775, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-08", "tenure": "Developing", "return": 0.035246, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": -0.003481, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.093519, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": -0.084, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.07044, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-11-21", "tenure": "Extended", "return": 0.12815, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.007953, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-13", "tenure": "Developing", "return": -0.007132, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.004972, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.092264, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.000839, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.029296, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.047415, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 39.494149, "volume": 14796, "typical_volume": 24988.05, "trend": 40.997687, "fair_value": 46.268146, "relative_strength": -15.121555, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -11.451915, "energy": 7.280713, "activity_lines": [ 40.984357, 41.285399, 41.137079, 41.001909 ] }, { "date": "2023-08-25", "close": 39.945589, "volume": 43239, "typical_volume": 26301.1, "trend": 40.865716, "fair_value": 46.238889, "relative_strength": -15.2384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.712175, "energy": 25.600683, "activity_lines": [ 40.490965, 41.02465, 41.034715, 40.934031 ] }, { "date": "2023-09-01", "close": 40.419829, "volume": 106475, "typical_volume": 31142.3, "trend": 40.797823, "fair_value": 46.219261, "relative_strength": -16.977399, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.345694, "energy": 28.511674, "activity_lines": [ 40.266309, 40.892576, 40.983182, 40.905264 ] }, { "date": "2023-09-08", "close": 39.453109, "volume": 6296, "typical_volume": 24808.05, "trend": 40.720935, "fair_value": 46.196902, "relative_strength": -17.573653, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.824067, "energy": 44.19386, "activity_lines": [ 39.906677, 40.586061, 40.844352, 40.818509 ] }, { "date": "2023-09-15", "close": 39.927987, "volume": 12490, "typical_volume": 24574.0, "trend": 40.681599, "fair_value": 46.172318, "relative_strength": -15.85649, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.998684, "energy": 48.650643, "activity_lines": [ 39.873146, 40.390761, 40.756302, 40.767351 ] }, { "date": "2023-09-22", "close": 39.416629, "volume": 13529, "typical_volume": 24917.1, "trend": 40.669566, "fair_value": 46.15752, "relative_strength": -13.761579, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.926749, "energy": 50.184532, "activity_lines": [ 39.729311, 40.118559, 40.622628, 40.68574 ] }, { "date": "2023-09-29", "close": 39.013799, "volume": 215531, "typical_volume": 34942.3, "trend": 40.604885, "fair_value": 46.133151, "relative_strength": -14.406807, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.191376, "energy": 63.284099, "activity_lines": [ 39.456368, 39.82485, 40.457695, 40.578916 ] }, { "date": "2023-10-06", "close": 39.029029, "volume": 34728, "typical_volume": 32894.55, "trend": 40.597626, "fair_value": 46.096676, "relative_strength": -15.523148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.09545, "energy": 60.87628, "activity_lines": [ 39.250621, 39.581031, 40.299876, 40.477248 ] }, { "date": "2023-10-13", "close": 39.079189, "volume": 24732, "typical_volume": 32122.8, "trend": 40.60391, "fair_value": 46.061436, "relative_strength": -15.204826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.96804, "energy": 63.046387, "activity_lines": [ 39.154314, 39.422691, 40.152855, 40.379284 ] }, { "date": "2023-10-20", "close": 37.56527, "volume": 284250, "typical_volume": 45812.75, "trend": 40.515541, "fair_value": 46.012882, "relative_strength": -15.721644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.304215, "energy": 75.834502, "activity_lines": [ 38.578295, 39.041658, 39.865883, 40.183243 ] }, { "date": "2023-10-27", "close": 37.21871, "volume": 38794, "typical_volume": 47301.95, "trend": 40.382577, "fair_value": 45.970824, "relative_strength": -14.031942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.374539, "energy": 83.904312, "activity_lines": [ 38.04427, 38.656976, 39.559629, 39.970544 ] }, { "date": "2023-11-03", "close": 39.10892, "volume": 36570, "typical_volume": 48833.85, "trend": 40.315033, "fair_value": 45.918086, "relative_strength": -14.727766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.607594, "energy": 64.121183, "activity_lines": [ 38.286844, 38.657341, 39.451592, 39.888373 ] }, { "date": "2023-11-10", "close": 38.787349, "volume": 28190, "typical_volume": 48824.5, "trend": 40.227216, "fair_value": 45.860922, "relative_strength": -17.403185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.122668, "energy": 51.864423, "activity_lines": [ 38.415886, 38.614451, 39.32803, 39.789813 ] }, { "date": "2023-11-17", "close": 39.872629, "volume": 8181, "typical_volume": 48439.8, "trend": 40.202326, "fair_value": 45.806629, "relative_strength": -16.349018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.26891, "energy": 26.998879, "activity_lines": [ 38.922799, 38.798565, 39.31595, 39.766936 ] }, { "date": "2023-11-24", "close": 40.082389, "volume": 13507, "typical_volume": 48906.9, "trend": 40.185936, "fair_value": 45.748304, "relative_strength": -16.246913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.842343, "energy": 21.817212, "activity_lines": [ 39.446737, 39.01319, 39.328364, 39.759198 ] }, { "date": "2023-12-01", "close": 39.898621, "volume": 10441, "typical_volume": 49107.3, "trend": 40.152258, "fair_value": 45.686167, "relative_strength": -16.243012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.728397, "energy": 21.226431, "activity_lines": [ 39.741611, 39.191596, 39.32675, 39.740662 ] }, { "date": "2023-12-08", "close": 39.088309, "volume": 202313, "typical_volume": 56219.05, "trend": 40.115101, "fair_value": 45.617169, "relative_strength": -17.862381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.220876, "energy": 22.247319, "activity_lines": [ 39.58772, 39.213908, 39.259218, 39.67202 ] }, { "date": "2023-12-15", "close": 40.191829, "volume": 17746, "typical_volume": 56367.35, "trend": 40.111711, "fair_value": 45.550356, "relative_strength": -17.703136, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.271857, "energy": 12.830567, "activity_lines": [ 39.803043, 39.435506, 39.30877, 39.67697 ] }, { "date": "2023-12-22", "close": 40.089777, "volume": 35936, "typical_volume": 57975.1, "trend": 40.115781, "fair_value": 45.488173, "relative_strength": -18.031416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.726732, "energy": 11.152289, "activity_lines": [ 39.890717, 39.617407, 39.363064, 39.675555 ] }, { "date": "2023-12-29", "close": 41.108851, "volume": 14273, "typical_volume": 58100.85, "trend": 40.13783, "fair_value": 45.425985, "relative_strength": -15.609295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.319181, "energy": 33.996463, "activity_lines": [ 40.303606, 39.96622, 39.523367, 39.739624 ] }, { "date": "2024-01-05", "close": 40.19262, "volume": 28954, "typical_volume": 58808.75, "trend": 40.109584, "fair_value": 45.342511, "relative_strength": -14.06678, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.325557, "energy": 32.480777, "activity_lines": [ 40.342653, 40.084016, 39.595084, 39.743159 ] }, { "date": "2024-01-12", "close": 39.958887, "volume": 13378, "typical_volume": 57315.7, "trend": 40.032203, "fair_value": 45.254709, "relative_strength": -16.46701, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.823915, "energy": 26.308348, "activity_lines": [ 40.28419, 40.105245, 39.641214, 39.733436 ] }, { "date": "2024-01-19", "close": 38.967862, "volume": 11687, "typical_volume": 52576.3, "trend": 39.981372, "fair_value": 45.148346, "relative_strength": -19.969236, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -31.596205, "energy": 17.082453, "activity_lines": [ 39.837346, 39.930833, 39.592897, 39.664769 ] }, { "date": "2024-01-26", "close": 39.425977, "volume": 28141, "typical_volume": 53668.55, "trend": 39.934868, "fair_value": 45.059897, "relative_strength": -18.771588, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.444356, "energy": 18.541608, "activity_lines": [ 39.624806, 39.836433, 39.595124, 39.628937 ] }, { "date": "2024-02-02", "close": 39.229642, "volume": 7272, "typical_volume": 53407.65, "trend": 39.882123, "fair_value": 44.951937, "relative_strength": -19.504528, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.191071, "energy": 27.219679, "activity_lines": [ 39.391073, 39.714457, 39.578783, 39.583439 ] }, { "date": "2024-02-09", "close": 40.043031, "volume": 8928, "typical_volume": 53177.6, "trend": 39.808155, "fair_value": 44.838404, "relative_strength": -18.676883, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.394817, "energy": 16.733586, "activity_lines": [ 39.553751, 39.755874, 39.643232, 39.59382 ] }, { "date": "2024-02-16", "close": 40.407653, "volume": 21676, "typical_volume": 43484.85, "trend": 39.768229, "fair_value": 44.731839, "relative_strength": -16.076845, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.726425, "energy": 7.654753, "activity_lines": [ 39.847942, 39.86096, 39.739424, 39.632497 ] }, { "date": "2024-02-23", "close": 40.874931, "volume": 26866, "typical_volume": 43091.75, "trend": 39.689767, "fair_value": 44.652732, "relative_strength": -15.680349, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.182378, "energy": 47.822398, "activity_lines": [ 40.267975, 40.027018, 39.873482, 39.703897 ] }, { "date": "2024-03-01", "close": 40.720855, "volume": 8428, "typical_volume": 42276.55, "trend": 39.648122, "fair_value": 44.56975, "relative_strength": -16.997986, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.124865, "energy": 55.701553, "activity_lines": [ 40.509511, 40.152642, 39.984075, 39.770419 ] }, { "date": "2024-03-08", "close": 40.98731, "volume": 8219, "typical_volume": 28475.0, "trend": 39.653358, "fair_value": 44.487006, "relative_strength": -14.550164, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.228915, "energy": 64.194817, "activity_lines": [ 40.75354, 40.315238, 40.112228, 39.856818 ] }, { "date": "2024-03-15", "close": 41.099501, "volume": 4946, "typical_volume": 26782.6, "trend": 39.706869, "fair_value": 44.404054, "relative_strength": -12.794666, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.469614, "energy": 68.023573, "activity_lines": [ 40.917788, 40.500443, 40.23477, 39.950118 ] }, { "date": "2024-03-22", "close": 40.734879, "volume": 4847, "typical_volume": 25196.45, "trend": 39.733179, "fair_value": 44.327373, "relative_strength": -15.508777, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.094857, "energy": 57.199562, "activity_lines": [ 40.890065, 40.602863, 40.304106, 40.016441 ] }, { "date": "2024-03-29", "close": 40.97796, "volume": 5823, "typical_volume": 24078.1, "trend": 39.751783, "fair_value": 44.242607, "relative_strength": -13.984764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.776792, "energy": 52.388551, "activity_lines": [ 40.921553, 40.735372, 40.388851, 40.09675 ] }, { "date": "2024-04-05", "close": 40.931214, "volume": 9713, "typical_volume": 24154.7, "trend": 39.801054, "fair_value": 44.160756, "relative_strength": -12.809931, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.108357, "energy": 40.870246, "activity_lines": [ 40.930591, 40.822833, 40.458712, 40.172842 ] }, { "date": "2024-04-12", "close": 40.388955, "volume": 2595, "typical_volume": 23609.1, "trend": 39.816419, "fair_value": 44.071125, "relative_strength": -12.924558, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.704832, "energy": 26.059663, "activity_lines": [ 40.744851, 40.784335, 40.471888, 40.210771 ] }, { "date": "2024-04-19", "close": 39.510121, "volume": 7434, "typical_volume": 23458.75, "trend": 39.819536, "fair_value": 43.973383, "relative_strength": -9.409609, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.617428, "energy": 11.999122, "activity_lines": [ 40.306058, 40.56497, 40.399906, 40.19101 ] }, { "date": "2024-04-26", "close": 40.98731, "volume": 3719, "typical_volume": 13529.05, "trend": 39.885319, "fair_value": 43.887429, "relative_strength": -9.063498, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.084008, "energy": 21.315222, "activity_lines": [ 40.465619, 40.623874, 40.470458, 40.26635 ] }, { "date": "2024-05-03", "close": 42.632786, "volume": 12816, "typical_volume": 13282.55, "trend": 40.005445, "fair_value": 43.811419, "relative_strength": -5.872741, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.410612, "energy": 40.779191, "activity_lines": [ 41.156844, 40.971416, 40.68868, 40.443606 ] }, { "date": "2024-05-10", "close": 42.679532, "volume": 13406, "typical_volume": 12156.05, "trend": 40.125456, "fair_value": 43.743826, "relative_strength": -6.689611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.760548, "energy": 73.026857, "activity_lines": [ 41.753329, 41.295497, 40.89973, 40.616128 ] }, { "date": "2024-05-17", "close": 44.259563, "volume": 11424, "typical_volume": 12013.6, "trend": 40.348599, "fair_value": 43.685626, "relative_strength": -4.914072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.620314, "energy": 93.430379, "activity_lines": [ 42.759936, 41.871243, 41.248927, 40.882844 ] }, { "date": "2024-05-24", "close": 42.997408, "volume": 4152, "typical_volume": 10773.5, "trend": 40.541222, "fair_value": 43.609065, "relative_strength": -8.505537, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.744017, "energy": 85.101568, "activity_lines": [ 43.087785, 42.158011, 41.462915, 41.053735 ] }, { "date": "2024-05-31", "close": 41.791349, "volume": 17717, "typical_volume": 10990.45, "trend": 40.630637, "fair_value": 43.51715, "relative_strength": -9.267895, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.31246, "energy": 77.606387, "activity_lines": [ 42.781128, 42.190989, 41.548685, 41.134389 ] }, { "date": "2024-06-07", "close": 41.940938, "volume": 11206, "typical_volume": 10966.4, "trend": 40.735756, "fair_value": 43.427825, "relative_strength": -10.917543, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.278167, "energy": 50.135946, "activity_lines": [ 42.470731, 42.231956, 41.639975, 41.218924 ] }, { "date": "2024-06-14", "close": 42.199993, "volume": 4326, "typical_volume": 9775.65, "trend": 40.813335, "fair_value": 43.346559, "relative_strength": -12.948559, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.572955, "energy": 30.73597, "activity_lines": [ 42.29281, 42.302515, 41.74178, 41.313391 ] }, { "date": "2024-06-21", "close": 42.61455, "volume": 4123, "typical_volume": 9618.2, "trend": 40.89774, "fair_value": 43.25987, "relative_strength": -11.880401, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.260238, "energy": 26.522502, "activity_lines": [ 42.285043, 42.42538, 41.869856, 41.429599 ] }, { "date": "2024-06-28", "close": 42.497626, "volume": 12455, "typical_volume": 9794.55, "trend": 40.984374, "fair_value": 43.174824, "relative_strength": -11.68735, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.074287, "energy": 28.142392, "activity_lines": [ 42.347969, 42.48652, 41.970678, 41.532817 ] }, { "date": "2024-07-05", "close": 43.26465, "volume": 2257, "typical_volume": 8823.6, "trend": 41.123585, "fair_value": 43.102078, "relative_strength": -12.765326, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.95505, "energy": 43.276235, "activity_lines": [ 42.699889, 42.632801, 42.132862, 41.679932 ] }, { "date": "2024-07-12", "close": 44.527164, "volume": 3892, "typical_volume": 7674.9, "trend": 41.268096, "fair_value": 43.036606, "relative_strength": -9.589198, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.027781, "energy": 73.164172, "activity_lines": [ 43.374426, 42.967223, 42.40168, 41.899517 ] }, { "date": "2024-07-19", "close": 42.859515, "volume": 7420, "typical_volume": 7624.5, "trend": 41.360421, "fair_value": 42.966459, "relative_strength": -9.014695, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.197653, "energy": 56.979626, "activity_lines": [ 43.320666, 42.963994, 42.494283, 42.002189 ] }, { "date": "2024-07-26", "close": 42.765298, "volume": 10381, "typical_volume": 7732.6, "trend": 41.415636, "fair_value": 42.901615, "relative_strength": -6.42496, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.688694, "energy": 49.059562, "activity_lines": [ 43.191531, 42.940361, 42.567729, 42.092827 ] }, { "date": "2024-08-02", "close": 42.218837, "volume": 4379, "typical_volume": 7704.25, "trend": 41.483177, "fair_value": 42.831354, "relative_strength": -4.329762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.186233, "energy": 33.705045, "activity_lines": [ 42.870193, 42.844541, 42.580665, 42.144646 ] }, { "date": "2024-08-09", "close": 42.539176, "volume": 12711, "typical_volume": 8097.45, "trend": 41.569186, "fair_value": 42.761347, "relative_strength": -3.623487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.736856, "energy": 18.685268, "activity_lines": [ 42.674221, 42.82112, 42.618778, 42.212775 ] }, { "date": "2024-08-16", "close": 43.773424, "volume": 6694, "typical_volume": 8141.0, "trend": 41.729372, "fair_value": 42.712154, "relative_strength": -5.61725, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.178958, "energy": 25.459528, "activity_lines": [ 42.93803, 43.008511, 42.765848, 42.354984 ] }, { "date": "2024-08-23", "close": 44.376416, "volume": 10024, "typical_volume": 8156.55, "trend": 41.894386, "fair_value": 42.654246, "relative_strength": -4.970126, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.299684, "energy": 41.822504, "activity_lines": [ 43.453085, 43.272218, 42.957033, 42.525761 ] }, { "date": "2024-08-30", "close": 43.999546, "volume": 1964, "typical_volume": 8125.0, "trend": 42.053383, "fair_value": 42.58468, "relative_strength": -4.749258, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.768055, "energy": 60.544606, "activity_lines": [ 43.74139, 43.427833, 43.09592, 42.661578 ] }, { "date": "2024-09-06", "close": 42.934889, "volume": 6035, "typical_volume": 8055.05, "trend": 42.149778, "fair_value": 42.511249, "relative_strength": -1.126524, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.942522, "energy": 54.20195, "activity_lines": [ 43.592527, 43.364692, 43.116218, 42.718449 ] }, { "date": "2024-09-13", "close": 43.886485, "volume": 2367, "typical_volume": 7987.45, "trend": 42.265739, "fair_value": 42.453154, "relative_strength": -4.295272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.234042, "energy": 51.522057, "activity_lines": [ 43.713125, 43.466618, 43.210836, 42.830495 ] }, { "date": "2024-09-20", "close": 44.988829, "volume": 3434, "typical_volume": 7518.35, "trend": 42.402869, "fair_value": 42.40579, "relative_strength": -2.997268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.51539, "energy": 53.498788, "activity_lines": [ 44.111351, 43.757664, 43.396633, 43.006178 ] }, { "date": "2024-09-27", "close": 48.138047, "volume": 19886, "typical_volume": 7842.35, "trend": 42.650109, "fair_value": 42.38247, "relative_strength": 2.950873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.128786, "energy": 81.981142, "activity_lines": [ 45.478289, 44.612902, 43.871137, 43.376189 ] }, { "date": "2024-10-04", "close": 48.465453, "volume": 4667, "typical_volume": 7504.5, "trend": 42.89938, "fair_value": 42.356407, "relative_strength": 3.702083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.877131, "energy": 94.403302, "activity_lines": [ 46.703587, 45.431694, 44.350829, 43.751373 ] }, { "date": "2024-10-11", "close": 47.739979, "volume": 2253, "typical_volume": 7409.55, "trend": 43.12073, "fair_value": 42.31678, "relative_strength": 1.121271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.025156, "energy": 89.965704, "activity_lines": [ 47.389333, 46.014943, 44.7414, 44.06367 ] }, { "date": "2024-10-18", "close": 47.190879, "volume": 3042, "typical_volume": 6675.8, "trend": 43.33593, "fair_value": 42.272648, "relative_strength": -0.04071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.949085, "energy": 87.888938, "activity_lines": [ 47.571706, 46.397971, 45.057093, 44.32626 ] }, { "date": "2024-10-25", "close": 46.298452, "volume": 4993, "typical_volume": 6365.15, "trend": 43.513279, "fair_value": 42.231711, "relative_strength": -1.801666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.391593, "energy": 77.478435, "activity_lines": [ 47.236311, 46.534163, 45.26208, 44.51739 ] }, { "date": "2024-11-01", "close": 45.488182, "volume": 7022, "typical_volume": 6499.95, "trend": 43.665178, "fair_value": 42.183774, "relative_strength": -1.685138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.305459, "energy": 47.361448, "activity_lines": [ 46.543518, 46.477124, 45.369149, 44.644803 ] }, { "date": "2024-11-08", "close": 45.550365, "volume": 20764, "typical_volume": 7332.0, "trend": 43.837225, "fair_value": 42.130931, "relative_strength": -6.388123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.328835, "energy": 28.923386, "activity_lines": [ 46.04811, 46.411177, 45.466482, 44.766428 ] }, { "date": "2024-11-15", "close": 43.961859, "volume": 40727, "typical_volume": 8745.6, "trend": 43.985617, "fair_value": 42.075617, "relative_strength": -6.161141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.927032, "energy": 24.040668, "activity_lines": [ 45.217539, 46.028214, 45.398548, 44.774469 ] }, { "date": "2024-11-22", "close": 44.310464, "volume": 3636, "typical_volume": 8814.55, "trend": 44.096388, "fair_value": 42.038398, "relative_strength": -6.837276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.123665, "energy": 25.13139, "activity_lines": [ 44.755044, 45.689961, 45.356843, 44.795427 ] }, { "date": "2024-11-29", "close": 44.319886, "volume": 3083, "typical_volume": 8774.1, "trend": 44.152625, "fair_value": 42.001676, "relative_strength": -7.234596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.343237, "energy": 25.094662, "activity_lines": [ 44.487718, 45.345713, 45.311054, 44.809846 ] }, { "date": "2024-12-06", "close": 44.998251, "volume": 5830, "typical_volume": 8694.6, "trend": 44.229916, "fair_value": 41.961702, "relative_strength": -8.530098, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.611355, "energy": 21.132234, "activity_lines": [ 44.578418, 45.136967, 45.330859, 44.864403 ] }, { "date": "2024-12-13", "close": 45.054782, "volume": 4731, "typical_volume": 8412.1, "trend": 44.256423, "fair_value": 41.930072, "relative_strength": -8.83457, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.214417, "energy": 14.805997, "activity_lines": [ 44.720624, 44.995586, 45.345864, 44.91762 ] }, { "date": "2024-12-20", "close": 44.167571, "volume": 8951, "typical_volume": 8640.7, "trend": 44.295428, "fair_value": 41.890293, "relative_strength": -8.32923, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.872627, "energy": 12.164832, "activity_lines": [ 44.600131, 44.754906, 45.265469, 44.911888 ] }, { "date": "2024-12-27", "close": 44.019911, "volume": 14490, "typical_volume": 8729.65, "trend": 44.369714, "fair_value": 41.853304, "relative_strength": -9.147775, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.948582, "energy": 15.468086, "activity_lines": [ 44.416705, 44.552332, 45.161733, 44.894112 ] }, { "date": "2025-01-03", "close": 43.80883, "volume": 3980, "typical_volume": 8593.95, "trend": 44.431977, "fair_value": 41.815693, "relative_strength": -8.558989, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.639681, "energy": 37.185834, "activity_lines": [ 44.182288, 44.369033, 45.030842, 44.857926 ] }, { "date": "2025-01-10", "close": 42.782211, "volume": 4206, "typical_volume": 8303.05, "trend": 44.451384, "fair_value": 41.759405, "relative_strength": -8.433564, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.215159, "energy": 60.283012, "activity_lines": [ 43.639735, 44.044342, 44.802009, 44.75149 ] }, { "date": "2025-01-17", "close": 43.751263, "volume": 10825, "typical_volume": 8746.1, "trend": 44.489275, "fair_value": 41.715095, "relative_strength": -8.795498, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.906202, "energy": 55.572985, "activity_lines": [ 43.567936, 43.945042, 44.673059, 44.706321 ] }, { "date": "2025-01-24", "close": 44.432478, "volume": 4101, "typical_volume": 8649.4, "trend": 44.55377, "fair_value": 41.688069, "relative_strength": -8.570054, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.271176, "energy": 41.184266, "activity_lines": [ 43.81011, 44.002311, 44.610168, 44.702656 ] }, { "date": "2025-01-31", "close": 44.633964, "volume": 52058, "typical_volume": 11133.95, "trend": 44.599414, "fair_value": 41.652356, "relative_strength": -6.737151, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.012933, "energy": 18.448235, "activity_lines": [ 44.101785, 44.087656, 44.559335, 44.70783 ] }, { "date": "2025-02-07", "close": 45.248016, "volume": 4374, "typical_volume": 11180.95, "trend": 44.623442, "fair_value": 41.617086, "relative_strength": -5.456188, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 9.499528, "energy": 14.568044, "activity_lines": [ 44.557207, 44.278765, 44.563424, 44.749675 ] }, { "date": "2025-02-14", "close": 46.783148, "volume": 6472, "typical_volume": 10510.25, "trend": 44.75423, "fair_value": 41.595926, "relative_strength": -4.865704, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 48.122296, "energy": 41.140712, "activity_lines": [ 45.428394, 44.732114, 44.712482, 44.889011 ] }, { "date": "2025-02-21", "close": 47.54112, "volume": 12499, "typical_volume": 10901.85, "trend": 44.913424, "fair_value": 41.591765, "relative_strength": -1.027804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.109636, "energy": 74.3574, "activity_lines": [ 46.28551, 45.290824, 44.940179, 45.068811 ] }, { "date": "2025-02-28", "close": 45.919637, "volume": 24432, "typical_volume": 12010.8, "trend": 45.036784, "fair_value": 41.596615, "relative_strength": -1.001676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 33.686707, "energy": 60.061263, "activity_lines": [ 46.349474, 45.509512, 45.017851, 45.133728 ] }, { "date": "2025-03-07", "close": 47.099769, "volume": 25126, "typical_volume": 13115.0, "trend": 45.188804, "fair_value": 41.620783, "relative_strength": 4.883592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.829039, "energy": 72.51952, "activity_lines": [ 46.707671, 45.910914, 45.216585, 45.266823 ] }, { "date": "2025-03-14", "close": 47.540832, "volume": 18025, "typical_volume": 13766.6, "trend": 45.314384, "fair_value": 41.626129, "relative_strength": 8.455377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.91759, "energy": 74.930369, "activity_lines": [ 47.048502, 46.336512, 45.457759, 45.418567 ] }, { "date": "2025-03-21", "close": 47.262302, "volume": 8404, "typical_volume": 13835.7, "trend": 45.41058, "fair_value": 41.631574, "relative_strength": 7.405876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.591921, "energy": 51.774098, "activity_lines": [ 47.143636, 46.643614, 45.66649, 45.544239 ] }, { "date": "2025-03-28", "close": 46.648824, "volume": 3511, "typical_volume": 12973.05, "trend": 45.498889, "fair_value": 41.624688, "relative_strength": 8.392883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.895395, "energy": 47.43099, "activity_lines": [ 47.002333, 46.757718, 45.808346, 45.624126 ] }, { "date": "2025-04-04", "close": 43.547666, "volume": 20535, "typical_volume": 11963.45, "trend": 45.519315, "fair_value": 41.606349, "relative_strength": 12.040125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -14.894222, "energy": 10.785591, "activity_lines": [ 45.886798, 46.255292, 45.649623, 45.498241 ] }, { "date": "2025-04-11", "close": 44.869798, "volume": 19376, "typical_volume": 12750.45, "trend": 45.552092, "fair_value": 41.603194, "relative_strength": 7.245389, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.109376, "energy": 14.325105, "activity_lines": [ 45.370104, 46.009341, 45.61879, 45.456336 ] }, { "date": "2025-04-18", "close": 45.286395, "volume": 3529, "typical_volume": 12772.75, "trend": 45.562011, "fair_value": 41.615183, "relative_strength": 10.61042, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.660396, "energy": 19.021114, "activity_lines": [ 45.140941, 45.834847, 45.624969, 45.439195 ] }, { "date": "2025-04-25", "close": 46.859905, "volume": 7572, "typical_volume": 12859.85, "trend": 45.519406, "fair_value": 41.637314, "relative_strength": 7.482521, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.834114, "energy": 24.809767, "activity_lines": [ 45.586577, 45.945748, 45.776404, 45.52293 ] }, { "date": "2025-05-02", "close": 48.538956, "volume": 5718, "typical_volume": 12909.2, "trend": 45.521856, "fair_value": 41.680465, "relative_strength": 7.610165, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.599591, "energy": 34.706629, "activity_lines": [ 46.618723, 46.360535, 46.078884, 45.717739 ] }, { "date": "2025-05-09", "close": 48.030443, "volume": 46599, "typical_volume": 14791.6, "trend": 45.531539, "fair_value": 41.725567, "relative_strength": 6.641673, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.848548, "energy": 59.042187, "activity_lines": [ 47.355356, 46.664723, 46.316342, 45.879584 ] }, { "date": "2025-05-16", "close": 49.632737, "volume": 6551, "typical_volume": 14394.65, "trend": 45.612934, "fair_value": 41.775619, "relative_strength": 3.184965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.038761, "energy": 77.437551, "activity_lines": [ 48.327235, 47.221859, 46.688005, 46.144177 ] }, { "date": "2025-05-23", "close": 49.776656, "volume": 18725, "typical_volume": 15131.9, "trend": 45.728874, "fair_value": 41.821104, "relative_strength": 5.905047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.46461, "energy": 81.791158, "activity_lines": [ 49.029558, 47.759109, 47.046647, 46.412804 ] }, { "date": "2025-05-30", "close": 48.663685, "volume": 3397, "typical_volume": 15091.45, "trend": 45.834724, "fair_value": 41.856516, "relative_strength": 1.558818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.519063, "energy": 75.814271, "activity_lines": [ 49.06154, 48.053348, 47.270874, 46.602147 ] }, { "date": "2025-06-06", "close": 50.265979, "volume": 319503, "typical_volume": 30525.35, "trend": 45.991911, "fair_value": 41.906387, "relative_strength": 2.683371, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.049384, "energy": 80.284864, "activity_lines": [ 49.507368, 48.613434, 47.619693, 46.888034 ] }, { "date": "2025-06-13", "close": 50.323547, "volume": 6782, "typical_volume": 30659.4, "trend": 46.203968, "fair_value": 41.966862, "relative_strength": 3.23019, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.099029, "energy": 74.510473, "activity_lines": [ 49.85725, 49.11822, 47.942972, 47.167495 ] }, { "date": "2025-06-20", "close": 50.191549, "volume": 9372, "typical_volume": 28525.1, "trend": 46.400004, "fair_value": 42.018198, "relative_strength": 2.856864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.591546, "energy": 55.419475, "activity_lines": [ 50.01026, 49.475809, 48.225627, 47.424758 ] }, { "date": "2025-06-27", "close": 51.938355, "volume": 38311, "typical_volume": 30221.95, "trend": 46.653953, "fair_value": 42.087403, "relative_strength": 2.076514, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.741739, "energy": 70.600016, "activity_lines": [ 50.708284, 50.05424, 48.64818, 47.782071 ] }, { "date": "2025-07-04", "close": 52.763235, "volume": 24845, "typical_volume": 31140.6, "trend": 46.912785, "fair_value": 42.160443, "relative_strength": 2.03034, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.025973, "energy": 84.73438, "activity_lines": [ 51.537154, 50.661704, 49.117435, 48.176218 ] }, { "date": "2025-07-11", "close": 52.200375, "volume": 8117, "typical_volume": 30921.5, "trend": 47.150972, "fair_value": 42.241781, "relative_strength": 1.232325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.905505, "energy": 87.402623, "activity_lines": [ 51.905102, 51.059497, 49.504607, 48.517353 ] }, { "date": "2025-07-18", "close": 53.386068, "volume": 6929, "typical_volume": 30046.35, "trend": 47.458255, "fair_value": 42.324403, "relative_strength": 2.135915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.522446, "energy": 91.744314, "activity_lines": [ 52.53932, 51.606299, 49.982515, 48.919617 ] }, { "date": "2025-07-25", "close": 53.652941, "volume": 6268, "typical_volume": 29103.45, "trend": 47.779356, "fair_value": 42.408792, "relative_strength": 1.681647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.612005, "energy": 91.15277, "activity_lines": [ 53.058328, 52.104249, 50.450285, 49.319274 ] }, { "date": "2025-08-01", "close": 52.456185, "volume": 29512, "typical_volume": 29677.8, "trend": 48.067601, "fair_value": 42.484168, "relative_strength": 1.653248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.204729, "energy": 81.435835, "activity_lines": [ 52.947659, 52.311512, 50.772873, 49.621005 ] }, { "date": "2025-08-08", "close": 53.772501, "volume": 5899, "typical_volume": 29552.55, "trend": 48.433944, "fair_value": 42.56077, "relative_strength": 0.483912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.616536, "energy": 69.084075, "activity_lines": [ 53.241239, 52.709386, 51.197418, 49.989063 ] }, { "date": "2025-08-15", "close": 54.403291, "volume": 4492, "typical_volume": 29601.6, "trend": 48.789012, "fair_value": 42.650863, "relative_strength": 1.138631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.725866, "energy": 69.811382, "activity_lines": [ 53.677798, 53.129062, 51.651037, 50.374183 ] }, { "date": "2025-08-22", "close": 55.150633, "volume": 4923, "typical_volume": 28821.0, "trend": 49.146284, "fair_value": 42.742561, "relative_strength": 3.416813, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.296176, "energy": 70.526848, "activity_lines": [ 54.21661, 53.609395, 52.138905, 50.78461 ] }, { "date": "2025-08-29", "close": 54.348461, "volume": 4726, "typical_volume": 28088.5, "trend": 49.4701, "fair_value": 42.838493, "relative_strength": 2.142926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.753819, "energy": 65.32739, "activity_lines": [ 54.370393, 53.856112, 52.495124, 51.120234 ] }, { "date": "2025-09-05", "close": 54.864254, "volume": 8698, "typical_volume": 28346.95, "trend": 49.790642, "fair_value": 42.935566, "relative_strength": 2.119886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.712458, "energy": 66.588704, "activity_lines": [ 54.64974, 54.12103, 52.85533, 51.468244 ] }, { "date": "2025-09-12", "close": 56.562149, "volume": 9549, "typical_volume": 28445.8, "trend": 50.116608, "fair_value": 43.052075, "relative_strength": 3.301877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.014409, "energy": 72.471103, "activity_lines": [ 55.334513, 54.641459, 53.331631, 51.905115 ] }, { "date": "2025-09-19", "close": 57.198375, "volume": 8803, "typical_volume": 28600.05, "trend": 50.438517, "fair_value": 43.184401, "relative_strength": 2.217054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.094764, "energy": 83.748543, "activity_lines": [ 56.045386, 55.208493, 53.822324, 52.362004 ] }, { "date": "2025-09-26", "close": 56.557685, "volume": 11590, "typical_volume": 26849.6, "trend": 50.793118, "fair_value": 43.319161, "relative_strength": 1.622908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.800181, "energy": 83.9459, "activity_lines": [ 56.356356, 55.568166, 54.210763, 52.756789 ] }, { "date": "2025-10-03", "close": 57.826739, "volume": 6475, "typical_volume": 26845.8, "trend": 51.150684, "fair_value": 43.458198, "relative_strength": 2.748192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.24209, "energy": 90.882969, "activity_lines": [ 56.996541, 56.100909, 54.679459, 53.210571 ] }, { "date": "2025-10-10", "close": 55.30309, "volume": 6136, "typical_volume": 26216.35, "trend": 51.409426, "fair_value": 43.590729, "relative_strength": 0.616329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.447695, "energy": 64.370039, "activity_lines": [ 56.563624, 56.098921, 54.868788, 53.478468 ] }, { "date": "2025-10-17", "close": 57.620325, "volume": 6098, "typical_volume": 26351.4, "trend": 51.754693, "fair_value": 43.731574, "relative_strength": 2.338744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.011902, "energy": 64.389813, "activity_lines": [ 56.873863, 56.466486, 55.25249, 53.879171 ] }, { "date": "2025-10-24", "close": 58.525268, "volume": 7144, "typical_volume": 10733.45, "trend": 52.150575, "fair_value": 43.883698, "relative_strength": 1.709375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.057839, "energy": 67.460574, "activity_lines": [ 57.415205, 56.928625, 55.679727, 54.315982 ] }, { "date": "2025-10-31", "close": 58.047322, "volume": 3984, "typical_volume": 10593.55, "trend": 52.633897, "fair_value": 44.019733, "relative_strength": -1.00922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.089941, "energy": 60.411974, "activity_lines": [ 57.708772, 57.228921, 56.022114, 54.696418 ] }, { "date": "2025-11-07", "close": 56.972843, "volume": 24730, "typical_volume": 11361.45, "trend": 53.037332, "fair_value": 44.13759, "relative_strength": 0.148243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.223777, "energy": 55.999207, "activity_lines": [ 57.54487, 57.281189, 56.225391, 54.97635 ] }, { "date": "2025-11-14", "close": 57.607418, "volume": 38107, "typical_volume": 11351.25, "trend": 53.448032, "fair_value": 44.260017, "relative_strength": 1.292897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.272267, "energy": 50.98718, "activity_lines": [ 57.649419, 57.401119, 56.456811, 55.271194 ] }, { "date": "2025-11-21", "close": 55.993176, "volume": 7551, "typical_volume": 10486.55, "trend": 53.752475, "fair_value": 44.373382, "relative_strength": 1.447257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.003159, "energy": 33.319629, "activity_lines": [ 57.062266, 57.177674, 56.507499, 55.435397 ] }, { "date": "2025-11-28", "close": 57.037474, "volume": 4623, "typical_volume": 10311.85, "trend": 54.035759, "fair_value": 44.480249, "relative_strength": -1.625225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.761422, "energy": 25.285929, "activity_lines": [ 56.931689, 57.154447, 56.642262, 55.647332 ] }, { "date": "2025-12-05", "close": 57.450691, "volume": 5458, "typical_volume": 10238.3, "trend": 54.349767, "fair_value": 44.593398, "relative_strength": -2.018719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.294514, "energy": 26.762111, "activity_lines": [ 57.038037, 57.209275, 56.793346, 55.86765 ] }, { "date": "2025-12-12", "close": 56.98507, "volume": 7839, "typical_volume": 10316.85, "trend": 54.594845, "fair_value": 44.707299, "relative_strength": -1.086392, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.06694, "energy": 20.828885, "activity_lines": [ 57.028954, 57.163209, 56.88073, 56.03767 ] }, { "date": "2025-12-19", "close": 57.491086, "volume": 7591, "typical_volume": 9220.8, "trend": 54.851992, "fair_value": 44.823458, "relative_strength": -0.916204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.001485, "energy": 28.44683, "activity_lines": [ 57.187727, 57.224449, 57.000438, 56.224524 ] }, { "date": "2025-12-26", "close": 58.073057, "volume": 3850, "typical_volume": 9118.35, "trend": 55.165638, "fair_value": 44.948394, "relative_strength": -1.307026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.839219, "energy": 38.38935, "activity_lines": [ 57.548246, 57.35172, 57.151597, 56.432335 ] }, { "date": "2026-01-02", "close": 58.916646, "volume": 3055, "typical_volume": 9046.5, "trend": 55.453994, "fair_value": 45.058142, "relative_strength": 1.653476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.878396, "energy": 50.577539, "activity_lines": [ 58.051303, 57.624139, 57.362618, 56.674335 ] }, { "date": "2026-01-09", "close": 59.516574, "volume": 8420, "typical_volume": 9221.35, "trend": 55.760428, "fair_value": 45.163846, "relative_strength": 0.263351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.56143, "energy": 69.731321, "activity_lines": [ 58.629058, 57.99852, 57.609284, 56.936437 ] }, { "date": "2026-01-16", "close": 60.475546, "volume": 5400, "typical_volume": 9255.05, "trend": 56.103228, "fair_value": 45.273434, "relative_strength": 2.490882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.462765, "energy": 83.713429, "activity_lines": [ 59.388744, 58.520546, 57.926489, 57.240638 ] }, { "date": "2026-01-23", "close": 61.711812, "volume": 3024, "typical_volume": 8971.35, "trend": 56.42901, "fair_value": 45.387582, "relative_strength": 4.029384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.041846, "energy": 90.709383, "activity_lines": [ 60.327821, 59.203662, 58.332258, 57.602483 ] }, { "date": "2026-01-30", "close": 61.470829, "volume": 7702, "typical_volume": 8879.0, "trend": 56.719263, "fair_value": 45.509468, "relative_strength": 3.493987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.955883, "energy": 88.981538, "activity_lines": [ 60.905188, 59.768337, 58.682469, 57.927761 ] }, { "date": "2026-02-06", "close": 62.354004, "volume": 4424, "typical_volume": 8660.05, "trend": 57.057717, "fair_value": 45.641483, "relative_strength": 6.756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.917419, "energy": 91.947198, "activity_lines": [ 61.550429, 60.393997, 59.093417, 58.291293 ] }, { "date": "2026-02-13", "close": 62.661557, "volume": 7762, "typical_volume": 8468.65, "trend": 57.3669, "fair_value": 45.779646, "relative_strength": 8.296554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.492748, "energy": 90.908681, "activity_lines": [ 62.069031, 60.97891, 59.509105, 58.652831 ] }, { "date": "2026-02-20", "close": 63.863893, "volume": 3598, "typical_volume": 8324.8, "trend": 57.707265, "fair_value": 45.934045, "relative_strength": 8.818928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.75651, "energy": 93.158713, "activity_lines": [ 62.778745, 61.687688, 60.010235, 59.071992 ] }, { "date": "2026-02-27", "close": 62.398649, "volume": 8239, "typical_volume": 8429.95, "trend": 58.038681, "fair_value": 46.071509, "relative_strength": 6.335241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.466666, "energy": 79.164265, "activity_lines": [ 62.774155, 62.004987, 60.34307, 59.374662 ] }, { "date": "2026-03-06", "close": 58.152525, "volume": 29136, "typical_volume": 9581.85, "trend": 58.184681, "fair_value": 46.1927, "relative_strength": 0.331017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.86179, "energy": 34.620502, "activity_lines": [ 61.308401, 61.461036, 60.237723, 59.382007 ] }, { "date": "2026-03-13", "close": 57.658851, "volume": 20224, "typical_volume": 10235.85, "trend": 58.2932, "fair_value": 46.313009, "relative_strength": 0.539557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.004956, "energy": 16.285842, "activity_lines": [ 59.89931, 60.825881, 60.082826, 59.348082 ] }, { "date": "2026-03-20", "close": 56.284782, "volume": 17065, "typical_volume": 10889.9, "trend": 58.331005, "fair_value": 46.416012, "relative_strength": 0.151207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.544677, "energy": 28.816413, "activity_lines": [ 58.345205, 59.963764, 59.801191, 59.218507 ] }, { "date": "2026-03-27", "close": 56.004908, "volume": 75118, "typical_volume": 13409.3, "trend": 58.38622, "fair_value": 46.510866, "relative_strength": 2.983772, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.195146, "energy": 45.437768, "activity_lines": [ 57.122928, 59.109521, 59.501294, 59.068436 ] }, { "date": "2026-04-03", "close": 57.403384, "volume": 12978, "typical_volume": 12152.85, "trend": 58.470858, "fair_value": 46.615149, "relative_strength": 1.62251, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.367776, "energy": 40.272048, "activity_lines": [ 56.890742, 58.590831, 59.339195, 59.005027 ] }, { "date": "2026-04-10", "close": 60.202022, "volume": 15204, "typical_volume": 12535.5, "trend": 58.592187, "fair_value": 46.735535, "relative_strength": 2.040864, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.423926, "energy": 24.967712, "activity_lines": [ 57.924452, 58.659319, 59.444604, 59.116715 ] }, { "date": "2026-04-17", "close": 62.699654, "volume": 4104, "typical_volume": 12509.55, "trend": 58.775563, "fair_value": 46.877075, "relative_strength": 0.202729, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 48.763482, "energy": 21.439468, "activity_lines": [ 59.654074, 59.204991, 59.767841, 59.381713 ] }, { "date": "2026-04-24", "close": 61.751298, "volume": 6443, "typical_volume": 12558.8, "trend": 58.948683, "fair_value": 47.012827, "relative_strength": -3.315089, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.420383, "energy": 35.816791, "activity_lines": [ 60.731523, 59.57195, 59.973795, 59.573696 ] }, { "date": "2026-05-01", "close": 61.69951, "volume": 7192, "typical_volume": 12526.45, "trend": 59.077775, "fair_value": 47.146099, "relative_strength": -4.712769, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.653966, "energy": 42.668081, "activity_lines": [ 61.427275, 59.946043, 60.154338, 59.751169 ] }, { "date": "2026-05-08", "close": 63.355239, "volume": 3491, "typical_volume": 12321.45, "trend": 59.34618, "fair_value": 47.294511, "relative_strength": -7.07608, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.231066, "energy": 64.308672, "activity_lines": [ 62.295297, 60.660531, 60.47012, 60.027134 ] }, { "date": "2026-05-15", "close": 60.597972, "volume": 3862, "typical_volume": 12322.05, "trend": 59.445435, "fair_value": 47.424668, "relative_strength": -10.651798, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.85213, "energy": 56.433664, "activity_lines": [ 61.84744, 60.856304, 60.495381, 60.107895 ] }, { "date": "2026-05-22", "close": 60.51523, "volume": 11069, "typical_volume": 12722.75, "trend": 59.511767, "fair_value": 47.556383, "relative_strength": -11.599743, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.85548, "energy": 32.059448, "activity_lines": [ 61.345605, 60.992571, 60.500737, 60.176914 ] }, { "date": "2026-05-29", "close": 61.499203, "volume": 6721, "typical_volume": 12637.8, "trend": 59.62683, "fair_value": 47.69133, "relative_strength": -12.499283, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.578476, "energy": 29.118394, "activity_lines": [ 61.317389, 61.255808, 60.592194, 60.305135 ] }, { "date": "2026-06-05", "close": 58.212249, "volume": 8909, "typical_volume": 12813.25, "trend": 59.668144, "fair_value": 47.801409, "relative_strength": -13.04796, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.493343, "energy": 11.958246, "activity_lines": [ 60.210329, 60.82661, 60.361166, 60.213872 ] }, { "date": "2026-06-12", "close": 60.880822, "volume": 6091, "typical_volume": 12966.6, "trend": 59.777257, "fair_value": 47.920643, "relative_strength": -10.907664, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.157021, "energy": 17.388286, "activity_lines": [ 60.225276, 60.842472, 60.395065, 60.292109 ] }, { "date": "2026-06-19", "close": 62.1997, "volume": 4186, "typical_volume": 12790.8, "trend": 59.984141, "fair_value": 48.05979, "relative_strength": -11.13718, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.776674, "energy": 18.407494, "activity_lines": [ 60.844811, 61.034905, 60.558529, 60.448396 ] }, { "date": "2026-06-26", "close": 59.5001, "volume": 30312, "typical_volume": 14085.2, "trend": 60.066229, "fair_value": 48.179527, "relative_strength": -10.791779, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.085956, "energy": 11.944452, "activity_lines": [ 60.457698, 60.70018, 60.461417, 60.417168 ] }, { "date": "2026-07-03", "close": 58.8196, "volume": 4464, "typical_volume": 13920.3, "trend": 60.111859, "fair_value": 48.29496, "relative_strength": -12.338268, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.761403, "energy": 12.025626, "activity_lines": [ 59.911426, 60.299902, 60.313086, 60.33674 ] }, { "date": "2026-07-10", "close": 60.3944, "volume": 2556, "typical_volume": 13868.2, "trend": 60.225503, "fair_value": 48.411193, "relative_strength": -11.388529, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.37891, "energy": 7.744045, "activity_lines": [ 60.068728, 60.239254, 60.333031, 60.354968 ] }, { "date": "2026-07-17", "close": 58.6622, "volume": 6255, "typical_volume": 13769.0, "trend": 60.264541, "fair_value": 48.520531, "relative_strength": -9.98969, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.538268, "energy": 36.284705, "activity_lines": [ 59.503153, 59.88739, 60.204526, 60.25411 ] }, { "date": "2026-07-24", "close": 58.2441, "volume": 2124, "typical_volume": 12418.4, "trend": 60.270242, "fair_value": 48.616783, "relative_strength": -8.99551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.700221, "energy": 51.598984, "activity_lines": [ 58.94612, 59.544836, 60.053994, 60.123759 ] }, { "date": "2026-07-31", "close": 59.5353, "volume": 3569, "typical_volume": 11585.65, "trend": 60.290864, "fair_value": 48.72938, "relative_strength": -7.324086, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.473818, "energy": 39.108597, "activity_lines": [ 59.083193, 59.479843, 60.025998, 60.076343 ] }, { "date": "2026-08-07", "close": 60.9724, "volume": 10014, "typical_volume": 11233.1, "trend": 60.339391, "fair_value": 48.858497, "relative_strength": -9.507718, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.901246, "energy": 15.035708, "activity_lines": [ 59.696953, 59.693958, 60.125933, 60.120314 ] } ], "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." } } }