{ "ticker": { "uuid": "720d7504-9fb6-4b9f-82c0-eb6685b96600", "symbol": "SPPW", "name": "State Street SPDR MSCI World UCITS ETF", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 85.674, "architecture_energy": 68.894, "architecture_maturity": 79.844, "architecture_confidence": 81.935, "architecture_tenure": "Established", "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": 9.78, "rotation_up": 57.98, "upward_expansion": 85.33, "deceleration": 68.31, "rotation_down": 28.37, "downward_expansion": 12.0 }, "activity_lines": [ 46.1144, 45.898036, 45.199857, 44.265331 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 47.026001, "trend_reference": 43.1766, "distance_from_trend": 0.089155, "trend_direction": "Improving", "fair_value": 36.496128, "distance_from_fair_value": 0.28852, "fair_value_direction": "Improving", "relative_strength": 4.249832, "relative_strength_direction": "Weakening", "price_momentum": 0.141713, "excess_performance": 0.077073, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089155, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041647, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28852, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041509, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.042498, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.048719, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.141713, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.591936, "read": "Demand-led" } ], "volume": { "latest": 482652, "relative_activity": 1.291125, "balance": 4.591936, "dry_up": 0.88202, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.017632, "annualized_volatility": 0.106284, "from_high_reference": -0.002397, "from_low_reference": 0.242464 }, "levels": { "trend_reference": 43.1766, "fair_value_reference": 36.496128, "structural_low": 39.181, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.010125, "positive_rate": 0.65, "directional_follow_through": 0.65, "median_excess_return": 0.00504, "regime_survival": 0.85, "best_return": 0.066544, "worst_return": -0.082239, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.027126, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.036646, "regime_survival": 0.538462, "best_return": 0.099613, "worst_return": -0.15355, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.086925, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.044779, "regime_survival": 0.428571, "best_return": 0.152066, "worst_return": -0.074454, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.065936, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.085587, "regime_survival": 0.0, "best_return": 0.234833, "worst_return": 0.014029, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-05-03", "tenure": "Established", "return": 0.109147, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.007051, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.014563, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.062261, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.084907, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.113537, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.126235, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.020768, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.028934, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-02-13", "tenure": "Established", "return": 0.075012, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": -0.001803, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.051675, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.057448, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.099509, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.617001, "volume": 331692, "typical_volume": 329175.65, "trend": 27.083433, "fair_value": 25.506228, "relative_strength": -1.667126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.999951, "energy": 37.302892, "activity_lines": [ 28.0854, 28.094691, 27.831562, 27.479376 ] }, { "date": "2023-08-25", "close": 27.983, "volume": 290949, "typical_volume": 322886.7, "trend": 27.138567, "fair_value": 25.555458, "relative_strength": -0.362851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.601659, "energy": 24.469589, "activity_lines": [ 28.004067, 28.079327, 27.880272, 27.537413 ] }, { "date": "2023-09-01", "close": 28.768, "volume": 255986, "typical_volume": 313726.4, "trend": 27.2008, "fair_value": 25.61274, "relative_strength": 1.353857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.064116, "energy": 35.200221, "activity_lines": [ 28.207867, 28.209637, 27.995572, 27.642538 ] }, { "date": "2023-09-08", "close": 28.688, "volume": 285456, "typical_volume": 309270.0, "trend": 27.266433, "fair_value": 25.669766, "relative_strength": 1.996798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.790811, "energy": 41.444615, "activity_lines": [ 28.386067, 28.304455, 28.0923, 27.738486 ] }, { "date": "2023-09-15", "close": 28.893999, "volume": 287726, "typical_volume": 292023.45, "trend": 27.340933, "fair_value": 25.728218, "relative_strength": 1.989363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.235718, "energy": 57.788194, "activity_lines": [ 28.607266, 28.426618, 28.198205, 27.84349 ] }, { "date": "2023-09-22", "close": 28.271999, "volume": 417007, "typical_volume": 292082.25, "trend": 27.407333, "fair_value": 25.783503, "relative_strength": 2.240914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.656655, "energy": 51.448084, "activity_lines": [ 28.567933, 28.415, 28.233257, 27.903559 ] }, { "date": "2023-09-29", "close": 28.172001, "volume": 479442, "typical_volume": 303829.05, "trend": 27.4592, "fair_value": 25.83608, "relative_strength": 3.290901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.774009, "energy": 37.647225, "activity_lines": [ 28.4516, 28.378273, 28.24979, 27.952892 ] }, { "date": "2023-10-06", "close": 27.872999, "volume": 377560, "typical_volume": 304570.3, "trend": 27.5232, "fair_value": 25.883676, "relative_strength": 3.51573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.020498, "energy": 17.954779, "activity_lines": [ 28.223, 28.290145, 28.230814, 27.979589 ] }, { "date": "2023-10-13", "close": 28.388, "volume": 375888, "typical_volume": 300894.1, "trend": 27.6153, "fair_value": 25.93317, "relative_strength": 5.899272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.652155, "energy": 18.98291, "activity_lines": [ 28.225733, 28.312218, 28.25759, 28.035383 ] }, { "date": "2023-10-20", "close": 27.473, "volume": 368159, "typical_volume": 310601.15, "trend": 27.6771, "fair_value": 25.979561, "relative_strength": 5.337973, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.257396, "energy": 13.169768, "activity_lines": [ 27.943467, 28.166382, 28.192028, 28.026202 ] }, { "date": "2023-10-27", "close": 26.955999, "volume": 504489, "typical_volume": 324886.0, "trend": 27.6966, "fair_value": 26.027667, "relative_strength": 4.297065, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.251625, "energy": 34.207542, "activity_lines": [ 27.5836, 27.937872, 28.078386, 27.979679 ] }, { "date": "2023-11-03", "close": 28.066, "volume": 284780, "typical_volume": 317683.75, "trend": 27.756567, "fair_value": 26.075744, "relative_strength": 5.073799, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.687384, "energy": 22.994635, "activity_lines": [ 27.681466, 27.9232, 28.074471, 28.003512 ] }, { "date": "2023-11-10", "close": 28.132999, "volume": 404089, "typical_volume": 331934.55, "trend": 27.812067, "fair_value": 26.120865, "relative_strength": 5.014754, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.161172, "energy": 17.097566, "activity_lines": [ 27.808733, 27.9192, 28.077314, 28.027798 ] }, { "date": "2023-11-17", "close": 28.542999, "volume": 454453, "typical_volume": 348073.65, "trend": 27.880333, "fair_value": 26.167462, "relative_strength": 1.991763, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.407583, "energy": 16.594855, "activity_lines": [ 28.055333, 28.00129, 28.116743, 28.074955 ] }, { "date": "2023-11-24", "close": 28.747, "volume": 492871, "typical_volume": 357601.4, "trend": 27.956733, "fair_value": 26.213692, "relative_strength": 2.057896, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.787578, "energy": 34.061603, "activity_lines": [ 28.359599, 28.123109, 28.173643, 28.130869 ] }, { "date": "2023-12-01", "close": 29.111, "volume": 276913, "typical_volume": 346006.75, "trend": 28.047667, "fair_value": 26.262308, "relative_strength": 1.091517, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.446952, "energy": 58.473246, "activity_lines": [ 28.700266, 28.313781, 28.26049, 28.205337 ] }, { "date": "2023-12-08", "close": 29.474001, "volume": 330378, "typical_volume": 353079.3, "trend": 28.1403, "fair_value": 26.314462, "relative_strength": 0.202546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.040456, "energy": 77.396286, "activity_lines": [ 29.018267, 28.5552, 28.3761, 28.297359 ] }, { "date": "2023-12-15", "close": 29.886, "volume": 286465, "typical_volume": 348715.4, "trend": 28.230467, "fair_value": 26.367917, "relative_strength": 1.679808, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.899566, "energy": 86.327468, "activity_lines": [ 29.379734, 28.847854, 28.525524, 28.409985 ] }, { "date": "2023-12-22", "close": 29.913, "volume": 312865, "typical_volume": 352638.55, "trend": 28.317667, "fair_value": 26.421269, "relative_strength": 2.057597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.757243, "energy": 88.517097, "activity_lines": [ 29.633334, 29.108818, 28.672271, 28.518535 ] }, { "date": "2023-12-29", "close": 30.0, "volume": 125292, "typical_volume": 347123.0, "trend": 28.3938, "fair_value": 26.474558, "relative_strength": 2.077752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.139114, "energy": 88.714424, "activity_lines": [ 29.8246, 29.357873, 28.819638, 28.627073 ] }, { "date": "2024-01-05", "close": 29.768, "volume": 427886, "typical_volume": 351932.7, "trend": 28.459433, "fair_value": 26.522994, "relative_strength": 2.194332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.119081, "energy": 83.741033, "activity_lines": [ 29.855, 29.5188, 28.935843, 28.715731 ] }, { "date": "2024-01-12", "close": 30.153, "volume": 1633611, "typical_volume": 419065.8, "trend": 28.526367, "fair_value": 26.573526, "relative_strength": 2.724485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.756842, "energy": 82.602649, "activity_lines": [ 29.969933, 29.6986, 29.078471, 28.824993 ] }, { "date": "2024-01-19", "close": 30.261, "volume": 567102, "typical_volume": 434621.6, "trend": 28.614533, "fair_value": 26.623763, "relative_strength": 3.88465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.711344, "energy": 81.014657, "activity_lines": [ 30.0756, 29.860091, 29.221052, 28.936905 ] }, { "date": "2024-01-26", "close": 30.975, "volume": 473478, "typical_volume": 444022.7, "trend": 28.7093, "fair_value": 26.682436, "relative_strength": 3.68873, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.302741, "energy": 89.140882, "activity_lines": [ 30.394267, 30.112709, 29.424524, 29.089193 ] }, { "date": "2024-02-02", "close": 31.382, "volume": 375550, "typical_volume": 448413.9, "trend": 28.830167, "fair_value": 26.737013, "relative_strength": 5.185212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.096202, "energy": 96.291567, "activity_lines": [ 30.7778, 30.395109, 29.655867, 29.261626 ] }, { "date": "2024-02-09", "close": 31.676001, "volume": 709329, "typical_volume": 463030.0, "trend": 28.956333, "fair_value": 26.792295, "relative_strength": 5.973083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.892966, "energy": 96.018867, "activity_lines": [ 31.1672, 30.683055, 29.903362, 29.445228 ] }, { "date": "2024-02-16", "close": 31.957001, "volume": 397077, "typical_volume": 458911.75, "trend": 29.077067, "fair_value": 26.849333, "relative_strength": 5.553931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.251195, "energy": 96.032301, "activity_lines": [ 31.523067, 30.975455, 30.16141, 29.638819 ] }, { "date": "2024-02-23", "close": 32.214001, "volume": 272838, "typical_volume": 453675.65, "trend": 29.1914, "fair_value": 26.91159, "relative_strength": 4.42083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.310611, "energy": 94.933571, "activity_lines": [ 31.844334, 31.269437, 30.42591, 29.841202 ] }, { "date": "2024-03-01", "close": 32.368, "volume": 309739, "typical_volume": 450368.2, "trend": 29.3269, "fair_value": 26.975904, "relative_strength": 2.921837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.257828, "energy": 93.224595, "activity_lines": [ 32.086734, 31.549091, 30.684405, 30.046144 ] }, { "date": "2024-03-08", "close": 32.41, "volume": 342912, "typical_volume": 449105.85, "trend": 29.4707, "fair_value": 27.034545, "relative_strength": 2.443521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.73062, "energy": 86.422502, "activity_lines": [ 32.250267, 31.791746, 30.927948, 30.245054 ] }, { "date": "2024-03-15", "close": 32.339001, "volume": 415806, "typical_volume": 444671.7, "trend": 29.6281, "fair_value": 27.092, "relative_strength": 1.448544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.592322, "energy": 69.155375, "activity_lines": [ 32.321601, 31.977673, 31.141219, 30.430106 ] }, { "date": "2024-03-22", "close": 33.199001, "volume": 680630, "typical_volume": 464464.2, "trend": 29.801967, "fair_value": 27.153494, "relative_strength": 2.483166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.449998, "energy": 75.851634, "activity_lines": [ 32.635401, 32.273219, 31.410762, 30.660486 ] }, { "date": "2024-03-29", "close": 33.375, "volume": 250861, "typical_volume": 456802.8, "trend": 29.955533, "fair_value": 27.213628, "relative_strength": 1.301417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.253367, "energy": 74.747499, "activity_lines": [ 32.925067, 32.545382, 31.672624, 30.891005 ] }, { "date": "2024-04-05", "close": 32.929001, "volume": 398006, "typical_volume": 453980.45, "trend": 30.0969, "fair_value": 27.269077, "relative_strength": 1.55337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.00277, "energy": 67.533755, "activity_lines": [ 32.988667, 32.679837, 31.867048, 31.082841 ] }, { "date": "2024-04-12", "close": 33.154999, "volume": 280987, "typical_volume": 443386.25, "trend": 30.238933, "fair_value": 27.32441, "relative_strength": 3.451075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.714618, "energy": 68.434479, "activity_lines": [ 33.0902, 32.819855, 32.06211, 31.280138 ] }, { "date": "2024-04-19", "close": 32.153999, "volume": 410711, "typical_volume": 450076.15, "trend": 30.368333, "fair_value": 27.374705, "relative_strength": 1.261736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.150437, "energy": 61.474154, "activity_lines": [ 32.8084, 32.745636, 32.140848, 31.40369 ] }, { "date": "2024-04-26", "close": 32.75, "volume": 507668, "typical_volume": 458940.65, "trend": 30.520933, "fair_value": 27.42859, "relative_strength": 0.579516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.833306, "energy": 48.759093, "activity_lines": [ 32.7376, 32.771091, 32.261857, 31.557346 ] }, { "date": "2024-05-03", "close": 32.691002, "volume": 257042, "typical_volume": 457469.5, "trend": 30.681533, "fair_value": 27.481282, "relative_strength": 1.110568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.052957, "energy": 41.795788, "activity_lines": [ 32.677067, 32.7714, 32.361648, 31.697351 ] }, { "date": "2024-05-10", "close": 33.328999, "volume": 373365, "typical_volume": 460494.5, "trend": 30.846233, "fair_value": 27.54016, "relative_strength": -1.2547, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.868904, "energy": 45.087405, "activity_lines": [ 32.8748, 32.879036, 32.508843, 31.868155 ] }, { "date": "2024-05-17", "close": 33.563999, "volume": 305646, "typical_volume": 469512.2, "trend": 31.049267, "fair_value": 27.600327, "relative_strength": -0.327245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.58596, "energy": 58.040518, "activity_lines": [ 33.1242, 33.011927, 32.662152, 32.043495 ] }, { "date": "2024-05-24", "close": 33.577999, "volume": 359971, "typical_volume": 466116.45, "trend": 31.27, "fair_value": 27.658737, "relative_strength": -0.320931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.769205, "energy": 60.605344, "activity_lines": [ 33.350999, 33.126381, 32.799824, 32.206639 ] }, { "date": "2024-05-31", "close": 33.109001, "volume": 397143, "typical_volume": 404293.05, "trend": 31.4381, "fair_value": 27.713551, "relative_strength": -0.741691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.358793, "energy": 54.910672, "activity_lines": [ 33.326533, 33.133036, 32.874686, 32.325284 ] }, { "date": "2024-06-07", "close": 33.956001, "volume": 426626, "typical_volume": 397269.25, "trend": 31.6322, "fair_value": 27.772058, "relative_strength": 1.378146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.144265, "energy": 62.832656, "activity_lines": [ 33.560467, 33.295327, 33.016138, 32.487729 ] }, { "date": "2024-06-14", "close": 34.323002, "volume": 291434, "typical_volume": 388167.05, "trend": 31.824867, "fair_value": 27.832481, "relative_strength": 5.425588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.934522, "energy": 68.20797, "activity_lines": [ 33.832401, 33.513782, 33.174948, 32.661329 ] }, { "date": "2024-06-21", "close": 34.578999, "volume": 711085, "typical_volume": 404943.8, "trend": 32.019267, "fair_value": 27.892083, "relative_strength": 5.0896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.84728, "energy": 76.1755, "activity_lines": [ 34.1234, 33.753437, 33.342195, 32.839015 ] }, { "date": "2024-06-28", "close": 34.754002, "volume": 351332, "typical_volume": 387043.95, "trend": 32.207367, "fair_value": 27.950558, "relative_strength": 5.022323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.661957, "energy": 87.530636, "activity_lines": [ 34.405068, 33.999019, 33.510886, 33.01545 ] }, { "date": "2024-07-05", "close": 34.799, "volume": 594322, "typical_volume": 396906.2, "trend": 32.384867, "fair_value": 28.00868, "relative_strength": 3.677259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.343453, "energy": 87.843584, "activity_lines": [ 34.623334, 34.20551, 33.669205, 33.182652 ] }, { "date": "2024-07-12", "close": 35.165001, "volume": 519646, "typical_volume": 409246.6, "trend": 32.560834, "fair_value": 28.069551, "relative_strength": 3.086679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.029015, "energy": 90.107307, "activity_lines": [ 34.850934, 34.441292, 33.848848, 33.362015 ] }, { "date": "2024-07-19", "close": 34.442001, "volume": 656804, "typical_volume": 426599.85, "trend": 32.7118, "fair_value": 28.122853, "relative_strength": 4.010877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.878715, "energy": 73.406838, "activity_lines": [ 34.756934, 34.500637, 33.945581, 33.483381 ] }, { "date": "2024-07-26", "close": 34.209, "volume": 691550, "typical_volume": 444031.75, "trend": 32.8521, "fair_value": 28.176128, "relative_strength": 1.811617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.804781, "energy": 54.593238, "activity_lines": [ 34.577334, 34.497382, 34.010248, 33.579975 ] }, { "date": "2024-08-02", "close": 33.089001, "volume": 569353, "typical_volume": 451709.1, "trend": 32.9628, "fair_value": 28.219545, "relative_strength": 2.588241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.524497, "energy": 19.013885, "activity_lines": [ 34.049067, 34.278764, 33.959681, 33.595258 ] }, { "date": "2024-08-09", "close": 33.215, "volume": 1206067, "typical_volume": 477980.95, "trend": 33.064867, "fair_value": 28.262673, "relative_strength": 2.513183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.793718, "energy": 20.838928, "activity_lines": [ 33.6738, 34.091946, 33.917543, 33.611529 ] }, { "date": "2024-08-16", "close": 34.330002, "volume": 567564, "typical_volume": 493816.1, "trend": 33.2005, "fair_value": 28.313712, "relative_strength": 2.379438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.953042, "energy": 24.861034, "activity_lines": [ 33.775801, 34.105928, 33.98152, 33.693151 ] }, { "date": "2024-08-23", "close": 34.424999, "volume": 578608, "typical_volume": 502846.2, "trend": 33.3155, "fair_value": 28.363917, "relative_strength": 0.890041, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.096115, "energy": 22.715859, "activity_lines": [ 33.965134, 34.130382, 34.049996, 33.772151 ] }, { "date": "2024-08-30", "close": 34.721001, "volume": 358071, "typical_volume": 506700.4, "trend": 33.4268, "fair_value": 28.415487, "relative_strength": 0.262463, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.432493, "energy": 29.495073, "activity_lines": [ 34.254267, 34.206801, 34.139539, 33.862828 ] }, { "date": "2024-09-06", "close": 33.5, "volume": 533060, "typical_volume": 512817.85, "trend": 33.4876, "fair_value": 28.460167, "relative_strength": -0.073692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.514868, "energy": 17.341558, "activity_lines": [ 34.102267, 34.058637, 34.105339, 33.867551 ] }, { "date": "2024-09-13", "close": 34.667, "volume": 492253, "typical_volume": 512047.1, "trend": 33.577934, "fair_value": 28.512904, "relative_strength": 1.170985, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.760741, "energy": 27.556377, "activity_lines": [ 34.311867, 34.145455, 34.175872, 33.943641 ] }, { "date": "2024-09-20", "close": 34.812, "volume": 539919, "typical_volume": 526190.95, "trend": 33.664534, "fair_value": 28.566365, "relative_strength": 1.437237, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.241135, "energy": 35.248376, "activity_lines": [ 34.473, 34.261037, 34.251086, 34.023258 ] }, { "date": "2024-09-27", "close": 35.283001, "volume": 472507, "typical_volume": 531148.05, "trend": 33.7617, "fair_value": 28.625724, "relative_strength": -1.149205, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.951114, "energy": 45.941404, "activity_lines": [ 34.759, 34.468673, 34.361058, 34.127676 ] }, { "date": "2024-10-04", "close": 35.521, "volume": 819913, "typical_volume": 556861.4, "trend": 33.8654, "fair_value": 28.684, "relative_strength": 1.323995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.115583, "energy": 63.982171, "activity_lines": [ 35.067134, 34.704291, 34.484391, 34.241179 ] }, { "date": "2024-10-11", "close": 36.07, "volume": 705223, "typical_volume": 574124.0, "trend": 33.989767, "fair_value": 28.742769, "relative_strength": 1.554896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.309306, "energy": 71.946638, "activity_lines": [ 35.504934, 35.015873, 34.650691, 34.383411 ] }, { "date": "2024-10-18", "close": 36.546001, "volume": 578017, "typical_volume": 583167.7, "trend": 34.101334, "fair_value": 28.803115, "relative_strength": 1.408065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.608186, "energy": 79.832317, "activity_lines": [ 35.930067, 35.3598, 34.850458, 34.548329 ] }, { "date": "2024-10-25", "close": 36.423, "volume": 776733, "typical_volume": 600673.05, "trend": 34.202934, "fair_value": 28.860128, "relative_strength": 2.034421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.58967, "energy": 79.748192, "activity_lines": [ 36.188934, 35.6208, 35.022143, 34.698114 ] }, { "date": "2024-11-01", "close": 35.886002, "volume": 781941, "typical_volume": 625198.4, "trend": 34.3015, "fair_value": 28.909885, "relative_strength": 1.602272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.215806, "energy": 75.701369, "activity_lines": [ 36.161401, 35.74611, 35.130939, 34.806699 ] }, { "date": "2024-11-08", "close": 37.363998, "volume": 859516, "typical_volume": 632619.95, "trend": 34.4418, "fair_value": 28.968148, "relative_strength": 5.895682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.575822, "energy": 84.963297, "activity_lines": [ 36.586333, 36.113582, 35.373053, 35.00428 ] }, { "date": "2024-11-15", "close": 37.277, "volume": 652945, "typical_volume": 647700.6, "trend": 34.612567, "fair_value": 29.023789, "relative_strength": 5.511893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.842613, "energy": 83.546151, "activity_lines": [ 36.8594, 36.417182, 35.593619, 35.187196 ] }, { "date": "2024-11-22", "close": 38.301998, "volume": 587665, "typical_volume": 647367.75, "trend": 34.797634, "fair_value": 29.091545, "relative_strength": 7.573529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.759767, "energy": 88.250977, "activity_lines": [ 37.393666, 36.838472, 35.899791, 35.425224 ] }, { "date": "2024-11-29", "close": 38.273998, "volume": 580101, "typical_volume": 650390.5, "trend": 34.983733, "fair_value": 29.161045, "relative_strength": 5.637935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.476237, "energy": 89.862683, "activity_lines": [ 37.801532, 37.188581, 36.186614, 35.649505 ] }, { "date": "2024-12-06", "close": 38.658001, "volume": 980370, "typical_volume": 666568.8, "trend": 35.161367, "fair_value": 29.228051, "relative_strength": 2.582202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.087678, "energy": 91.172048, "activity_lines": [ 38.213999, 37.545563, 36.495205, 35.886555 ] }, { "date": "2024-12-13", "close": 38.57, "volume": 641900, "typical_volume": 664086.3, "trend": 35.328234, "fair_value": 29.295506, "relative_strength": 2.12913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.323239, "energy": 89.410156, "activity_lines": [ 38.412333, 37.825181, 36.775338, 36.106467 ] }, { "date": "2024-12-20", "close": 38.042, "volume": 745093, "typical_volume": 672873.3, "trend": 35.477034, "fair_value": 29.356724, "relative_strength": 3.239649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.155978, "energy": 77.276111, "activity_lines": [ 38.354266, 37.953363, 36.984419, 36.281548 ] }, { "date": "2024-12-27", "close": 38.159, "volume": 226950, "typical_volume": 623917.45, "trend": 35.645367, "fair_value": 29.416904, "relative_strength": 2.914559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.670485, "energy": 62.1318, "activity_lines": [ 38.2842, 38.066963, 37.181057, 36.454579 ] }, { "date": "2025-01-03", "close": 38.397999, "volume": 481248, "typical_volume": 619601.65, "trend": 35.793434, "fair_value": 29.482327, "relative_strength": 3.820815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.811915, "energy": 57.989019, "activity_lines": [ 38.303333, 38.19469, 37.376914, 36.632168 ] }, { "date": "2025-01-10", "close": 38.042, "volume": 952462, "typical_volume": 638294.35, "trend": 35.9174, "fair_value": 29.547744, "relative_strength": 1.207003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.306878, "energy": 46.083053, "activity_lines": [ 38.195533, 38.221781, 37.519495, 36.777236 ] }, { "date": "2025-01-17", "close": 38.973, "volume": 778833, "typical_volume": 659332.45, "trend": 36.063867, "fair_value": 29.623141, "relative_strength": 0.230395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.71844, "energy": 55.457299, "activity_lines": [ 38.439133, 38.378945, 37.733519, 36.974372 ] }, { "date": "2025-01-24", "close": 39.035, "volume": 1055484, "typical_volume": 685453.65, "trend": 36.206567, "fair_value": 29.701603, "relative_strength": -1.914834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.151629, "energy": 56.088601, "activity_lines": [ 38.676533, 38.518127, 37.9332, 37.166058 ] }, { "date": "2025-01-31", "close": 39.514999, "volume": 1383746, "typical_volume": 730028.3, "trend": 36.363767, "fair_value": 29.782968, "relative_strength": -2.21194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.915509, "energy": 59.316171, "activity_lines": [ 39.007733, 38.712618, 38.152238, 37.379505 ] }, { "date": "2025-02-07", "close": 39.419998, "volume": 793961, "typical_volume": 742730.4, "trend": 36.5056, "fair_value": 29.861981, "relative_strength": -2.630594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.266814, "energy": 70.072138, "activity_lines": [ 39.216866, 38.867781, 38.339142, 37.576681 ] }, { "date": "2025-02-14", "close": 39.397999, "volume": 1565644, "typical_volume": 797387.25, "trend": 36.6708, "fair_value": 29.944327, "relative_strength": -5.71079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.668685, "energy": 68.97284, "activity_lines": [ 39.350532, 38.998108, 38.502009, 37.763288 ] }, { "date": "2025-02-21", "close": 39.384998, "volume": 735176, "typical_volume": 793150.4, "trend": 36.843333, "fair_value": 30.026314, "relative_strength": -4.705545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.093875, "energy": 65.437481, "activity_lines": [ 39.389465, 39.112617, 38.644042, 37.938397 ] }, { "date": "2025-02-28", "close": 38.536999, "volume": 731149, "typical_volume": 794446.7, "trend": 37.024933, "fair_value": 30.103141, "relative_strength": -7.737128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.183826, "energy": 45.689602, "activity_lines": [ 39.118265, 39.058126, 38.686914, 38.047666 ] }, { "date": "2025-03-07", "close": 36.191002, "volume": 743478, "typical_volume": 802719.75, "trend": 37.124133, "fair_value": 30.166, "relative_strength": -14.858826, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 1.308372, "energy": 11.835492, "activity_lines": [ 38.098266, 38.56809, 38.494609, 37.993864 ] }, { "date": "2025-03-14", "close": 35.744999, "volume": 963813, "typical_volume": 812073.75, "trend": 37.1713, "fair_value": 30.219705, "relative_strength": -15.60935, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.77505, "energy": 41.260594, "activity_lines": [ 37.1512, 38.032745, 38.261518, 37.904888 ] }, { "date": "2025-03-21", "close": 36.146, "volume": 1264552, "typical_volume": 836204.3, "trend": 37.228666, "fair_value": 30.272359, "relative_strength": -14.088708, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.516346, "energy": 47.389171, "activity_lines": [ 36.5828, 37.618545, 38.069847, 37.838739 ] }, { "date": "2025-03-28", "close": 35.743999, "volume": 614321, "typical_volume": 823944.55, "trend": 37.262766, "fair_value": 30.322455, "relative_strength": -13.223393, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.811758, "energy": 63.034022, "activity_lines": [ 36.0972, 37.165727, 37.838652, 37.742954 ] }, { "date": "2025-04-04", "close": 32.501999, "volume": 805654, "typical_volume": 831580.0, "trend": 37.2295, "fair_value": 30.3505, "relative_strength": -13.923535, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -66.962438, "energy": 84.938306, "activity_lines": [ 34.773666, 36.182163, 37.306409, 37.435808 ] }, { "date": "2025-04-11", "close": 32.082001, "volume": 1491117, "typical_volume": 876752.6, "trend": 37.143333, "fair_value": 30.377218, "relative_strength": -13.670714, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.720328, "energy": 94.112461, "activity_lines": [ 33.712466, 35.241018, 36.756904, 37.103711 ] }, { "date": "2025-04-18", "close": 32.59, "volume": 600240, "typical_volume": 877759.55, "trend": 37.069266, "fair_value": 30.411032, "relative_strength": -15.497617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.915728, "energy": 90.096022, "activity_lines": [ 33.094533, 34.527382, 36.2854, 36.809948 ] }, { "date": "2025-04-25", "close": 33.723, "volume": 496840, "typical_volume": 853583.05, "trend": 37.017266, "fair_value": 30.451885, "relative_strength": -16.381039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.417272, "energy": 81.667689, "activity_lines": [ 33.0646, 34.143927, 35.948866, 36.59406 ] }, { "date": "2025-05-02", "close": 34.945999, "volume": 477841, "typical_volume": 845380.1, "trend": 36.9981, "fair_value": 30.506327, "relative_strength": -16.248523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.035664, "energy": 57.494709, "activity_lines": [ 33.603866, 34.086018, 35.752309, 36.46043 ] }, { "date": "2025-05-09", "close": 35.181, "volume": 617290, "typical_volume": 838989.95, "trend": 36.968466, "fair_value": 30.562994, "relative_strength": -16.91997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.407394, "energy": 39.255922, "activity_lines": [ 34.274666, 34.151545, 35.59539, 36.343197 ] }, { "date": "2025-05-16", "close": 36.879002, "volume": 695078, "typical_volume": 862396.35, "trend": 36.979566, "fair_value": 30.636474, "relative_strength": -13.668877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.484003, "energy": 23.49673, "activity_lines": [ 35.332867, 34.586818, 35.613809, 36.337426 ] }, { "date": "2025-05-23", "close": 35.792, "volume": 537596, "typical_volume": 865213.75, "trend": 36.958533, "fair_value": 30.696218, "relative_strength": -15.470045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.120159, "energy": 27.216504, "activity_lines": [ 35.708934, 34.811946, 35.5348, 36.260808 ] }, { "date": "2025-05-30", "close": 36.272999, "volume": 566836, "typical_volume": 845932.45, "trend": 36.971433, "fair_value": 30.760083, "relative_strength": -15.394668, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.84849, "energy": 24.299009, "activity_lines": [ 36.031867, 35.123673, 35.514009, 36.21658 ] }, { "date": "2025-06-06", "close": 36.703999, "volume": 374310, "typical_volume": 825706.3, "trend": 36.949433, "fair_value": 30.831994, "relative_strength": -15.178874, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.692833, "energy": 21.299431, "activity_lines": [ 36.328466, 35.511454, 35.54269, 36.199327 ] }, { "date": "2025-06-13", "close": 36.257999, "volume": 494926, "typical_volume": 797678.4, "trend": 36.915466, "fair_value": 30.909596, "relative_strength": -13.058456, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.140948, "energy": 15.888658, "activity_lines": [ 36.359199, 35.800691, 35.5397, 36.154718 ] }, { "date": "2025-06-20", "close": 36.112999, "volume": 342178, "typical_volume": 745600.0, "trend": 36.8425, "fair_value": 30.97982, "relative_strength": -12.45262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.957198, "energy": 13.894748, "activity_lines": [ 36.269799, 35.995272, 35.536123, 36.102946 ] }, { "date": "2025-06-27", "close": 36.661999, "volume": 293726, "typical_volume": 720588.25, "trend": 36.788766, "fair_value": 31.055359, "relative_strength": -13.287249, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.572248, "energy": 12.093697, "activity_lines": [ 36.414466, 36.216381, 35.601033, 36.091301 ] }, { "date": "2025-07-04", "close": 36.719002, "volume": 731550, "typical_volume": 678883.55, "trend": 36.724133, "fair_value": 31.123474, "relative_strength": -11.927882, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.009839, "energy": 18.227914, "activity_lines": [ 36.520133, 36.373818, 35.684505, 36.0868 ] }, { "date": "2025-07-11", "close": 37.011002, "volume": 315935, "typical_volume": 657921.5, "trend": 36.672166, "fair_value": 31.194814, "relative_strength": -12.604455, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.830822, "energy": 37.02741, "activity_lines": [ 36.693401, 36.529873, 35.808543, 36.105307 ] }, { "date": "2025-07-18", "close": 37.327, "volume": 295684, "typical_volume": 636148.25, "trend": 36.648333, "fair_value": 31.264878, "relative_strength": -11.633363, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.485624, "energy": 47.363009, "activity_lines": [ 36.951534, 36.705837, 35.973981, 36.147555 ] }, { "date": "2025-07-25", "close": 37.597, "volume": 372775, "typical_volume": 617613.1, "trend": 36.6296, "fair_value": 31.331365, "relative_strength": -10.427475, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.63368, "energy": 56.148784, "activity_lines": [ 37.228401, 36.891873, 36.170895, 36.208759 ] }, { "date": "2025-08-01", "close": 37.186001, "volume": 623352, "typical_volume": 600590.05, "trend": 36.5892, "fair_value": 31.393955, "relative_strength": -8.121496, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.713088, "energy": 52.990011, "activity_lines": [ 37.269334, 36.990128, 36.321972, 36.244656 ] }, { "date": "2025-08-08", "close": 37.806, "volume": 534347, "typical_volume": 564079.8, "trend": 36.581333, "fair_value": 31.456679, "relative_strength": -9.125265, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.845646, "energy": 57.561403, "activity_lines": [ 37.482, 37.175764, 36.525233, 36.323159 ] }, { "date": "2025-08-15", "close": 38.175999, "volume": 272530, "typical_volume": 546990.25, "trend": 36.554766, "fair_value": 31.520083, "relative_strength": -8.663269, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.876164, "energy": 66.564286, "activity_lines": [ 37.745533, 37.4008, 36.755829, 36.426041 ] }, { "date": "2025-08-22", "close": 38.407001, "volume": 322017, "typical_volume": 522808.4, "trend": 36.533833, "fair_value": 31.588635, "relative_strength": -7.844904, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.980036, "energy": 81.221637, "activity_lines": [ 38.0084, 37.641073, 36.996843, 36.54554 ] }, { "date": "2025-08-29", "close": 38.194, "volume": 306769, "typical_volume": 463591.0, "trend": 36.4898, "fair_value": 31.660718, "relative_strength": -6.337804, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.364121, "energy": 82.346409, "activity_lines": [ 38.128267, 37.803546, 37.189453, 36.652647 ] }, { "date": "2025-09-05", "close": 38.189999, "volume": 414541, "typical_volume": 454306.05, "trend": 36.4488, "fair_value": 31.730968, "relative_strength": -4.908989, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.613573, "energy": 80.195388, "activity_lines": [ 38.207, 37.927455, 37.352576, 36.762338 ] }, { "date": "2025-09-12", "close": 38.891998, "volume": 362459, "typical_volume": 447587.0, "trend": 36.431933, "fair_value": 31.813147, "relative_strength": -3.342091, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.12035, "energy": 85.468567, "activity_lines": [ 38.452799, 38.151218, 37.55589, 36.919963 ] }, { "date": "2025-09-19", "close": 39.084, "volume": 553058, "typical_volume": 451347.85, "trend": 36.4219, "fair_value": 31.899865, "relative_strength": -2.395509, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.660064, "energy": 81.297358, "activity_lines": [ 38.690199, 38.370381, 37.752876, 37.091064 ] }, { "date": "2025-09-26", "close": 39.119999, "volume": 475234, "typical_volume": 444245.05, "trend": 36.441333, "fair_value": 31.988904, "relative_strength": -2.53598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.634908, "energy": 78.199502, "activity_lines": [ 38.879066, 38.558399, 37.933585, 37.265135 ] }, { "date": "2025-10-03", "close": 39.764, "volume": 595961, "typical_volume": 439289.2, "trend": 36.560433, "fair_value": 32.080981, "relative_strength": -3.280268, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.288028, "energy": 85.918765, "activity_lines": [ 39.235066, 38.830909, 38.156871, 37.479501 ] }, { "date": "2025-10-10", "close": 39.404999, "volume": 664256, "typical_volume": 445622.2, "trend": 36.682433, "fair_value": 32.17266, "relative_strength": -3.350064, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.96778, "energy": 70.635186, "activity_lines": [ 39.366733, 38.998745, 38.332228, 37.663021 ] }, { "date": "2025-10-17", "close": 39.314999, "volume": 461668, "typical_volume": 440363.8, "trend": 36.788066, "fair_value": 32.261538, "relative_strength": -1.674459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.775851, "energy": 61.285597, "activity_lines": [ 39.387399, 39.109872, 38.481809, 37.832864 ] }, { "date": "2025-10-24", "close": 40.088001, "volume": 279481, "typical_volume": 435622.35, "trend": 36.932867, "fair_value": 32.350782, "relative_strength": -1.186085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.591457, "energy": 65.622021, "activity_lines": [ 39.637533, 39.334109, 38.690524, 38.045763 ] }, { "date": "2025-10-31", "close": 40.862, "volume": 331438, "typical_volume": 427447.95, "trend": 37.211533, "fair_value": 32.448051, "relative_strength": 2.091135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.506212, "energy": 72.433403, "activity_lines": [ 40.078733, 39.664309, 38.956838, 38.299256 ] }, { "date": "2025-11-07", "close": 39.713001, "volume": 791732, "typical_volume": 449925.65, "trend": 37.4659, "fair_value": 32.534058, "relative_strength": 1.157454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.303847, "energy": 60.065708, "activity_lines": [ 40.0208, 39.740964, 39.0918, 38.460641 ] }, { "date": "2025-11-14", "close": 40.277, "volume": 438642, "typical_volume": 457171.45, "trend": 37.722133, "fair_value": 32.62391, "relative_strength": 1.574037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.457255, "energy": 59.452679, "activity_lines": [ 40.154267, 39.892545, 39.263333, 38.642002 ] }, { "date": "2025-11-21", "close": 39.521, "volume": 686087, "typical_volume": 454898.3, "trend": 37.9154, "fair_value": 32.706391, "relative_strength": 3.378413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.349445, "energy": 48.245311, "activity_lines": [ 39.9776, 39.868727, 39.345652, 38.758058 ] }, { "date": "2025-11-28", "close": 40.728001, "volume": 512037, "typical_volume": 464703.4, "trend": 38.108133, "fair_value": 32.796987, "relative_strength": 3.496678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.023806, "energy": 48.04873, "activity_lines": [ 40.189534, 40.052928, 39.529581, 38.939516 ] }, { "date": "2025-12-05", "close": 40.828999, "volume": 601527, "typical_volume": 479995.55, "trend": 38.2964, "fair_value": 32.891712, "relative_strength": 3.164075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.268614, "energy": 50.553701, "activity_lines": [ 40.392467, 40.2256, 39.705428, 39.115056 ] }, { "date": "2025-12-12", "close": 40.308998, "volume": 458085, "typical_volume": 484261.05, "trend": 38.410733, "fair_value": 32.988865, "relative_strength": 1.448136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.339632, "energy": 43.654964, "activity_lines": [ 40.424266, 40.272654, 39.815076, 39.244901 ] }, { "date": "2025-12-19", "close": 40.542999, "volume": 551604, "typical_volume": 480673.65, "trend": 38.5691, "fair_value": 33.087929, "relative_strength": 1.899855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.475407, "energy": 46.179965, "activity_lines": [ 40.494332, 40.352345, 39.934095, 39.382466 ] }, { "date": "2025-12-26", "close": 40.738998, "volume": 173239, "typical_volume": 462618.25, "trend": 38.717966, "fair_value": 33.189147, "relative_strength": 2.458664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.560831, "energy": 44.935904, "activity_lines": [ 40.611999, 40.446981, 40.055795, 39.52246 ] }, { "date": "2026-01-02", "close": 40.688, "volume": 506184, "typical_volume": 474300.95, "trend": 38.850766, "fair_value": 33.286558, "relative_strength": 1.824107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.783455, "energy": 41.597523, "activity_lines": [ 40.631466, 40.506454, 40.158671, 39.649559 ] }, { "date": "2026-01-09", "close": 41.720001, "volume": 999285, "typical_volume": 508164.35, "trend": 39.032833, "fair_value": 33.388686, "relative_strength": 1.698157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.398488, "energy": 53.370677, "activity_lines": [ 40.9976, 40.742654, 40.347871, 39.834671 ] }, { "date": "2026-01-16", "close": 41.944, "volume": 782598, "typical_volume": 531955.8, "trend": 39.2272, "fair_value": 33.493128, "relative_strength": 2.350886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.493149, "energy": 71.586173, "activity_lines": [ 41.379, 41.003981, 40.542628, 40.022488 ] }, { "date": "2026-01-23", "close": 41.229, "volume": 470824, "typical_volume": 534769.95, "trend": 39.379433, "fair_value": 33.588641, "relative_strength": 2.412982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.616706, "energy": 60.11336, "activity_lines": [ 41.413067, 41.094745, 40.651433, 40.151636 ] }, { "date": "2026-01-30", "close": 41.029999, "volume": 509589, "typical_volume": 542126.45, "trend": 39.523133, "fair_value": 33.679211, "relative_strength": 3.601981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.357677, "energy": 53.211022, "activity_lines": [ 41.335066, 41.132018, 40.726814, 40.258124 ] }, { "date": "2026-02-06", "close": 41.188999, "volume": 822640, "typical_volume": 555605.55, "trend": 39.6624, "fair_value": 33.771968, "relative_strength": 3.411517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.545012, "energy": 42.037075, "activity_lines": [ 41.290666, 41.170763, 40.807157, 40.3656 ] }, { "date": "2026-02-13", "close": 41.058998, "volume": 652315, "typical_volume": 564459.6, "trend": 39.7868, "fair_value": 33.864276, "relative_strength": 2.409545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.664653, "energy": 28.115592, "activity_lines": [ 41.169532, 41.17749, 40.865095, 40.455703 ] }, { "date": "2026-02-20", "close": 41.589001, "volume": 606924, "typical_volume": 565007.75, "trend": 39.919866, "fair_value": 33.96241, "relative_strength": 2.459275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.241421, "energy": 32.461171, "activity_lines": [ 41.269133, 41.2764, 40.964276, 40.571974 ] }, { "date": "2026-02-27", "close": 41.514, "volume": 473177, "typical_volume": 555453.8, "trend": 40.064133, "fair_value": 34.05791, "relative_strength": 2.261106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.163933, "energy": 37.126155, "activity_lines": [ 41.3674, 41.3384, 41.047623, 40.674821 ] }, { "date": "2026-03-06", "close": 41.412998, "volume": 746238, "typical_volume": 569682.3, "trend": 40.184366, "fair_value": 34.157013, "relative_strength": 9.095646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.891117, "energy": 34.651241, "activity_lines": [ 41.412999, 41.364381, 41.111309, 40.761845 ] }, { "date": "2026-03-13", "close": 40.880001, "volume": 584882, "typical_volume": 584952.35, "trend": 40.2745, "fair_value": 34.254801, "relative_strength": 8.108241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.2689, "energy": 25.789294, "activity_lines": [ 41.2554, 41.2812, 41.114242, 40.806724 ] }, { "date": "2026-03-20", "close": 39.763, "volume": 789956, "typical_volume": 607878.25, "trend": 40.3197, "fair_value": 34.345468, "relative_strength": 9.909006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -4.651854, "energy": 8.902266, "activity_lines": [ 40.746067, 40.991436, 41.007023, 40.773724 ] }, { "date": "2026-03-27", "close": 39.272999, "volume": 629249, "typical_volume": 599754.1, "trend": 40.355666, "fair_value": 34.428173, "relative_strength": 8.721773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -32.250985, "energy": 31.857865, "activity_lines": [ 40.1598, 40.648163, 40.858371, 40.706195 ] }, { "date": "2026-04-03", "close": 40.332001, "volume": 496033, "typical_volume": 602623.65, "trend": 40.427066, "fair_value": 34.518333, "relative_strength": 7.261832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.89783, "energy": 27.412955, "activity_lines": [ 40.080933, 40.546, 40.812671, 40.704669 ] }, { "date": "2026-04-10", "close": 41.249001, "volume": 575821, "typical_volume": 597110.35, "trend": 40.505633, "fair_value": 34.613083, "relative_strength": 6.570374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.230816, "energy": 17.10804, "activity_lines": [ 40.386534, 40.626873, 40.854043, 40.757697 ] }, { "date": "2026-04-17", "close": 42.611, "volume": 568147, "typical_volume": 599915.85, "trend": 40.6232, "fair_value": 34.716391, "relative_strength": 5.850313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.554267, "energy": 24.150176, "activity_lines": [ 41.157067, 40.9514, 41.0169, 40.893527 ] }, { "date": "2026-04-24", "close": 42.648998, "volume": 353219, "typical_volume": 587500.45, "trend": 40.740833, "fair_value": 34.820199, "relative_strength": 8.140952, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.242953, "energy": 49.621967, "activity_lines": [ 41.824866, 41.256982, 41.174409, 41.024223 ] }, { "date": "2026-05-01", "close": 42.77, "volume": 398541, "typical_volume": 584523.25, "trend": 40.841033, "fair_value": 34.925244, "relative_strength": 7.406234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.781811, "energy": 70.547246, "activity_lines": [ 42.3406, 41.555654, 41.334776, 41.155137 ] }, { "date": "2026-05-08", "close": 43.688, "volume": 646096, "typical_volume": 589247.85, "trend": 40.9838, "fair_value": 35.034173, "relative_strength": 9.121719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.467696, "energy": 84.463734, "activity_lines": [ 42.9292, 41.999763, 41.570852, 41.338813 ] }, { "date": "2026-05-15", "close": 44.252998, "volume": 608227, "typical_volume": 610997.25, "trend": 41.1484, "fair_value": 35.143609, "relative_strength": 11.936484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.064455, "energy": 88.738126, "activity_lines": [ 43.482399, 42.507072, 41.845762, 41.549729 ] }, { "date": "2026-05-22", "close": 44.884998, "volume": 536970, "typical_volume": 612536.55, "trend": 41.3083, "fair_value": 35.256352, "relative_strength": 8.889957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.589129, "energy": 91.942838, "activity_lines": [ 44.045999, 43.077654, 42.164128, 41.790799 ] }, { "date": "2026-05-29", "close": 45.123001, "volume": 596416, "typical_volume": 592393.1, "trend": 41.450333, "fair_value": 35.367936, "relative_strength": 8.165863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.972306, "energy": 92.304891, "activity_lines": [ 44.537333, 43.61869, 42.485176, 42.036909 ] }, { "date": "2026-06-05", "close": 45.09, "volume": 54330, "typical_volume": 555979.7, "trend": 41.629566, "fair_value": 35.478776, "relative_strength": 9.202688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.093701, "energy": 89.827457, "activity_lines": [ 44.852733, 44.056272, 42.786876, 42.271726 ] }, { "date": "2026-06-12", "close": 44.935001, "volume": 55367, "typical_volume": 535206.85, "trend": 41.784833, "fair_value": 35.586404, "relative_strength": 9.019226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.830533, "energy": 85.923031, "activity_lines": [ 44.9618, 44.359909, 43.058833, 42.48498 ] }, { "date": "2026-06-19", "close": 45.601002, "volume": 83534, "typical_volume": 513904.1, "trend": 41.9875, "fair_value": 35.701692, "relative_strength": 8.734886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.138686, "energy": 88.747336, "activity_lines": [ 45.209734, 44.700946, 43.376571, 42.731185 ] }, { "date": "2026-06-26", "close": 45.231998, "volume": 39192, "typical_volume": 474731.7, "trend": 42.137633, "fair_value": 35.811308, "relative_strength": 8.846331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.975817, "energy": 77.42393, "activity_lines": [ 45.2448, 44.895763, 43.6374, 42.940507 ] }, { "date": "2026-07-03", "close": 45.967999, "volume": 142007, "typical_volume": 449216.3, "trend": 42.308933, "fair_value": 35.928051, "relative_strength": 5.57401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.161194, "energy": 80.209508, "activity_lines": [ 45.502066, 45.176745, 43.949071, 43.187628 ] }, { "date": "2026-07-10", "close": 46.110001, "volume": 374431, "typical_volume": 437591.65, "trend": 42.5023, "fair_value": 36.04484, "relative_strength": 8.521586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.277039, "energy": 84.481761, "activity_lines": [ 45.750333, 45.4232, 44.25089, 43.432858 ] }, { "date": "2026-07-17", "close": 45.641998, "volume": 294491, "typical_volume": 428657.35, "trend": 42.672266, "fair_value": 36.155782, "relative_strength": 8.072048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.727563, "energy": 74.712365, "activity_lines": [ 45.774599, 45.523836, 44.486609, 43.635419 ] }, { "date": "2026-07-24", "close": 45.812, "volume": 303891, "typical_volume": 406540.0, "trend": 42.841366, "fair_value": 36.264936, "relative_strength": 6.986264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.862017, "energy": 65.274165, "activity_lines": [ 45.808399, 45.619854, 44.718862, 43.837983 ] }, { "date": "2026-07-31", "close": 45.438999, "volume": 237842, "typical_volume": 389188.0, "trend": 42.999733, "fair_value": 36.374782, "relative_strength": 3.702878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.463326, "energy": 60.070631, "activity_lines": [ 45.703799, 45.619709, 44.894642, 44.005572 ] }, { "date": "2026-08-07", "close": 47.026001, "volume": 482652, "typical_volume": 373822.8, "trend": 43.1766, "fair_value": 36.496128, "relative_strength": 4.249832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.673857, "energy": 68.894074, "activity_lines": [ 46.1144, 45.898036, 45.199857, 44.265331 ] } ], "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." } } }