{ "ticker": { "uuid": "746bf22a-4a98-4333-92cb-f8d17719f568", "symbol": "FGEP", "name": "Fidelity Global Equity+ Fund ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 85.949, "architecture_energy": 70.06, "architecture_maturity": 100.0, "architecture_confidence": 77.939, "architecture_tenure": "Extended", "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": 11.22, "rotation_up": 61.08, "upward_expansion": 85.33, "deceleration": 67.47, "rotation_down": 26.19, "downward_expansion": 12.0 }, "activity_lines": [ 15.642667, 15.519091, 15.196048, 14.823764 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 16.040001, "trend_reference": 14.375, "distance_from_trend": 0.115826, "trend_direction": "Improving", "fair_value": 12.103319, "distance_from_fair_value": 0.325256, "fair_value_direction": "Improving", "relative_strength": 4.666701, "relative_strength_direction": "Improving", "price_momentum": 0.178545, "excess_performance": 0.058124, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.115826, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06282, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325256, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070998, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.046667, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.02329, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.178545, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.771579, "read": "Supply-led" } ], "volume": { "latest": 248600, "relative_activity": 1.056366, "balance": 0.771579, "dry_up": 1.361463, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.022971, "annualized_volatility": 0.130688, "from_high_reference": -0.000623, "from_low_reference": 0.323432 }, "levels": { "trend_reference": 14.375, "fair_value_reference": 12.103319, "structural_low": 12.94, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.01182, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.003922, "regime_survival": 1.0, "best_return": 0.060223, "worst_return": -0.011756, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.085517, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.032614, "regime_survival": 1.0, "best_return": 0.139202, "worst_return": 0.031832, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.175466, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.06729, "regime_survival": 1.0, "best_return": 0.175466, "worst_return": 0.175466, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.003903, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-08-07", "tenure": "Extended", "return": 0.245342, "active": true } ], "chart_path": [ { "date": "2024-05-24", "close": 10.05, "volume": 75300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 9.92, "volume": 236700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 10.08, "volume": 206700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 10.11, "volume": 255600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 10.09, "volume": 207500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 10.08, "volume": 128700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 10.24, "volume": 73900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 10.4, "volume": 120400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 10.23, "volume": 789200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 10.26, "volume": 227200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 10.14, "volume": 125100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 9.94, "volume": 101400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 10.21, "volume": 32300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 10.22, "volume": 43300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 10.14, "volume": 70800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 9.93, "volume": 56100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 10.26, "volume": 62400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 10.35, "volume": 82400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 10.46, "volume": 53500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 10.44, "volume": 59800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 10.6, "volume": 58400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 10.73, "volume": 50800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 10.61, "volume": 83700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 10.6, "volume": 85500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 10.89, "volume": 306900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 10.77, "volume": 379100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 10.86, "volume": 258100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 11.09, "volume": 121400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 11.29, "volume": 97400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 11.21, "volume": 77300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 11.05, "volume": 68200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 11.11, "volume": 56400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 11.15, "volume": 41200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 10.97, "volume": 119500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 11.23, "volume": 126200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 11.39, "volume": 222600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 11.46, "volume": 125900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 11.19, "volume": 332200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 11.38, "volume": 176300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 11.145, "volume": 69200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 11.26, "volume": 280300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 11.05, "volume": 259400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 10.9, "volume": 146700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 10.99, "volume": 126700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 10.81, "volume": 161200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 10.04, "volume": 214900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 10.3, "volume": 185000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 10.34, "volume": 152100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 10.67, "volume": 89400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 10.88, "volume": 112500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 10.95, "volume": 157700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 11.28, "volume": 129700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 11.08, "volume": 149100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 11.23, "volume": 222700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 11.42, "volume": 132500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 11.34, "volume": 106200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 11.38, "volume": 157700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 11.63, "volume": 132000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 11.8, "volume": 257200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 11.84, "volume": 273700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 12.0, "volume": 160600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 12.15, "volume": 166500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 11.91, "volume": 144000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 12.2, "volume": 224300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 12.34, "volume": 158800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 12.42, "volume": 202700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 12.28, "volume": 261100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 12.49, "volume": 188500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 12.57, "volume": 677300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 12.52, "volume": 217700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 12.5, "volume": 280300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 12.71, "volume": 293400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 12.48, "volume": 254400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 12.72, "volume": 147500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 12.8, "volume": 239000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 12.66, "volume": 275300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 12.56, "volume": 157900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 12.61, "volume": 76800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 12.51, "volume": 77800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 12.81, "volume": 248600, "typical_volume": 222625.0, "trend": 12.106333, "fair_value": 11.183813, "relative_strength": -5.940537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.697989, "energy": 31.615627, "activity_lines": [ 12.646667, 12.648909, 12.574048, 12.40228 ] }, { "date": "2025-12-05", "close": 12.86, "volume": 174400, "typical_volume": 223315.0, "trend": 12.17, "fair_value": 11.204506, "relative_strength": -5.237447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.348694, "energy": 40.582231, "activity_lines": [ 12.723333, 12.689636, 12.611952, 12.450903 ] }, { "date": "2025-12-12", "close": 12.88, "volume": 173100, "typical_volume": 223645.0, "trend": 12.223333, "fair_value": 11.224939, "relative_strength": -5.593707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.396066, "energy": 43.280942, "activity_lines": [ 12.793333, 12.727455, 12.647667, 12.49671 ] }, { "date": "2025-12-19", "close": 12.93, "volume": 136500, "typical_volume": 223270.0, "trend": 12.285, "fair_value": 11.245482, "relative_strength": -5.73281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.092084, "energy": 56.508871, "activity_lines": [ 12.858667, 12.771273, 12.684667, 12.542301 ] }, { "date": "2025-12-26", "close": 12.96, "volume": 86900, "typical_volume": 216400.0, "trend": 12.342667, "fair_value": 11.265893, "relative_strength": -6.054501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.132308, "energy": 62.627008, "activity_lines": [ 12.912667, 12.812364, 12.719667, 12.585849 ] }, { "date": "2026-01-02", "close": 13.0, "volume": 98300, "typical_volume": 213375.0, "trend": 12.395333, "fair_value": 11.286294, "relative_strength": -5.26433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.169886, "energy": 61.082748, "activity_lines": [ 12.95, 12.856364, 12.754857, 12.628258 ] }, { "date": "2026-01-09", "close": 13.4, "volume": 269500, "typical_volume": 216715.0, "trend": 12.464, "fair_value": 11.310872, "relative_strength": -4.396834, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.540737, "energy": 77.203493, "activity_lines": [ 13.108, 12.969455, 12.825, 12.693075 ] }, { "date": "2026-01-16", "close": 13.52, "volume": 273800, "typical_volume": 217350.0, "trend": 12.535333, "fair_value": 11.336264, "relative_strength": -4.623781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.096684, "energy": 86.552968, "activity_lines": [ 13.27, 13.090909, 12.901905, 12.761204 ] }, { "date": "2026-01-23", "close": 13.52, "volume": 187200, "typical_volume": 217285.0, "trend": 12.598333, "fair_value": 11.36108, "relative_strength": -4.756352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.961749, "energy": 87.127959, "activity_lines": [ 13.389333, 13.194909, 12.972905, 12.824731 ] }, { "date": "2026-01-30", "close": 13.3, "volume": 317000, "typical_volume": 199270.0, "trend": 12.648333, "fair_value": 11.382865, "relative_strength": -2.580243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.480115, "energy": 79.753205, "activity_lines": [ 13.396, 13.242364, 13.018048, 12.87 ] }, { "date": "2026-02-06", "close": 13.61, "volume": 261400, "typical_volume": 201455.0, "trend": 12.707333, "fair_value": 11.407611, "relative_strength": -1.899296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.34242, "energy": 83.534911, "activity_lines": [ 13.483333, 13.331818, 13.089238, 12.932043 ] }, { "date": "2026-02-13", "close": 13.64, "volume": 398100, "typical_volume": 207345.0, "trend": 12.762, "fair_value": 11.432143, "relative_strength": -3.326054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.273848, "energy": 68.008892, "activity_lines": [ 13.54, 13.412182, 13.158095, 12.992215 ] }, { "date": "2026-02-20", "close": 13.9, "volume": 411900, "typical_volume": 213270.0, "trend": 12.820333, "fair_value": 11.458967, "relative_strength": -3.510222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.441201, "energy": 71.827432, "activity_lines": [ 13.667333, 13.525636, 13.246286, 13.065634 ] }, { "date": "2026-02-27", "close": 14.01, "volume": 325200, "typical_volume": 216810.0, "trend": 12.890333, "fair_value": 11.486398, "relative_strength": -4.07291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.832883, "energy": 89.681584, "activity_lines": [ 13.806, 13.640545, 13.339286, 13.142387 ] }, { "date": "2026-03-06", "close": 13.45, "volume": 299600, "typical_volume": 224415.0, "trend": 12.932, "fair_value": 11.507287, "relative_strength": -4.23801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.26746, "energy": 59.234303, "activity_lines": [ 13.725333, 13.634, 13.371667, 13.178495 ] }, { "date": "2026-03-13", "close": 13.29, "volume": 297200, "typical_volume": 227325.0, "trend": 12.963667, "fair_value": 11.526053, "relative_strength": -3.646694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.075154, "energy": 43.497937, "activity_lines": [ 13.581333, 13.589455, 13.385333, 13.201591 ] }, { "date": "2026-03-20", "close": 13.01, "volume": 256100, "typical_volume": 226365.0, "trend": 12.983333, "fair_value": 11.54151, "relative_strength": -1.878603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.470469, "energy": 17.253799, "activity_lines": [ 13.365333, 13.488727, 13.37, 13.204581 ] }, { "date": "2026-03-27", "close": 13.05, "volume": 219200, "typical_volume": 229430.0, "trend": 13.009, "fair_value": 11.557062, "relative_strength": -3.433871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.945835, "energy": 23.110848, "activity_lines": [ 13.204667, 13.402364, 13.35681, 13.208882 ] }, { "date": "2026-04-03", "close": 13.45, "volume": 173400, "typical_volume": 234260.0, "trend": 13.041, "fair_value": 11.576378, "relative_strength": -3.806939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.916831, "energy": 24.338764, "activity_lines": [ 13.234, 13.397273, 13.379381, 13.237333 ] }, { "date": "2026-04-10", "close": 13.84, "volume": 173600, "typical_volume": 239050.0, "trend": 13.083333, "fair_value": 11.599242, "relative_strength": -2.62881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.945333, "energy": 23.704211, "activity_lines": [ 13.430667, 13.464364, 13.435095, 13.288882 ] }, { "date": "2026-04-17", "close": 14.11, "volume": 251100, "typical_volume": 239175.0, "trend": 13.136333, "fair_value": 11.62435, "relative_strength": -2.535672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.434189, "energy": 44.315225, "activity_lines": [ 13.691333, 13.570727, 13.51019, 13.355118 ] }, { "date": "2026-04-24", "close": 14.15, "volume": 240400, "typical_volume": 242475.0, "trend": 13.191333, "fair_value": 11.649356, "relative_strength": -0.919271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.771953, "energy": 73.292122, "activity_lines": [ 13.910667, 13.675273, 13.582905, 13.420516 ] }, { "date": "2026-05-01", "close": 14.26, "volume": 328200, "typical_volume": 250230.0, "trend": 13.243, "fair_value": 11.674951, "relative_strength": -0.047617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.615426, "energy": 80.903587, "activity_lines": [ 14.090667, 13.790545, 13.659952, 13.489462 ] }, { "date": "2026-05-08", "close": 14.68, "volume": 465900, "typical_volume": 266700.0, "trend": 13.316333, "fair_value": 11.704126, "relative_strength": 2.337722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.664629, "energy": 88.819026, "activity_lines": [ 14.33, 13.975636, 13.770429, 13.582172 ] }, { "date": "2026-05-15", "close": 14.57, "volume": 261300, "typical_volume": 275420.0, "trend": 13.378, "fair_value": 11.731683, "relative_strength": 2.321788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.182227, "energy": 86.258206, "activity_lines": [ 14.450667, 14.128545, 13.862095, 13.663054 ] }, { "date": "2026-05-22", "close": 14.82, "volume": 239600, "typical_volume": 282485.0, "trend": 13.445333, "fair_value": 11.761095, "relative_strength": 2.142842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.784596, "energy": 89.450025, "activity_lines": [ 14.606, 14.306545, 13.969905, 13.756086 ] }, { "date": "2026-05-29", "close": 15.06, "volume": 234800, "typical_volume": 280750.0, "trend": 13.525333, "fair_value": 11.792217, "relative_strength": 2.888918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.44696, "energy": 91.192815, "activity_lines": [ 14.794, 14.500364, 14.091905, 13.860258 ] }, { "date": "2026-06-05", "close": 14.91, "volume": 265600, "typical_volume": 280340.0, "trend": 13.603667, "fair_value": 11.821355, "relative_strength": 2.911254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.222695, "energy": 84.968722, "activity_lines": [ 14.871333, 14.629636, 14.191714, 13.949591 ] }, { "date": "2026-06-12", "close": 15.14, "volume": 48000, "typical_volume": 273380.0, "trend": 13.688, "fair_value": 11.852083, "relative_strength": 2.904493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.05829, "energy": 87.775054, "activity_lines": [ 14.982, 14.766909, 14.30681, 14.04871 ] }, { "date": "2026-06-19", "close": 15.45, "volume": 45000, "typical_volume": 259780.0, "trend": 13.786, "fair_value": 11.885092, "relative_strength": 4.859296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.396603, "energy": 91.910731, "activity_lines": [ 15.165333, 14.929818, 14.443714, 14.162387 ] }, { "date": "2026-06-26", "close": 15.18, "volume": 78400, "typical_volume": 250630.0, "trend": 13.865, "fair_value": 11.915045, "relative_strength": 3.002304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.474451, "energy": 80.677136, "activity_lines": [ 15.2, 15.014364, 14.544667, 14.252323 ] }, { "date": "2026-07-03", "close": 15.58, "volume": 55700, "typical_volume": 233510.0, "trend": 13.955667, "fair_value": 11.948063, "relative_strength": 4.886961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.675119, "energy": 85.983464, "activity_lines": [ 15.344, 15.152182, 14.676238, 14.362968 ] }, { "date": "2026-07-10", "close": 15.44, "volume": 344900, "typical_volume": 230160.0, "trend": 14.041, "fair_value": 11.979241, "relative_strength": 3.777545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.022804, "energy": 77.92613, "activity_lines": [ 15.406667, 15.238545, 14.785238, 14.458731 ] }, { "date": "2026-07-17", "close": 15.42, "volume": 347700, "typical_volume": 231285.0, "trend": 14.124, "fair_value": 12.00969, "relative_strength": 3.774562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.600002, "energy": 64.719131, "activity_lines": [ 15.427333, 15.299818, 14.885, 14.547699 ] }, { "date": "2026-07-24", "close": 15.24, "volume": 313600, "typical_volume": 231985.0, "trend": 14.2, "fair_value": 12.038026, "relative_strength": 2.30959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.148763, "energy": 61.185238, "activity_lines": [ 15.369333, 15.314909, 14.960905, 14.619699 ] }, { "date": "2026-07-31", "close": 15.61, "volume": 371700, "typical_volume": 235710.0, "trend": 14.287, "fair_value": 12.069087, "relative_strength": 5.207559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.366962, "energy": 61.259379, "activity_lines": [ 15.448667, 15.385091, 15.063524, 14.710667 ] }, { "date": "2026-08-07", "close": 16.040001, "volume": 248600, "typical_volume": 235335.0, "trend": 14.375, "fair_value": 12.103319, "relative_strength": 4.666701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.949228, "energy": 70.059589, "activity_lines": [ 15.642667, 15.519091, 15.196048, 14.823764 ] } ], "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." } } }