{ "ticker": { "uuid": "749365c5-cde6-4ef1-83b2-2e2d5fd1048f", "symbol": "FHEQ", "name": "FIDELITY HEDGED EQUITY ETF", "exchange": "CBOE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 86.801, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.643, "architecture_energy": 69.921, "architecture_maturity": 35.927, "architecture_confidence": 83.507, "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": 16.63, "rotation_up": 65.52, "upward_expansion": 88.85, "deceleration": 47.23, "rotation_down": 21.64, "downward_expansion": 13.18 }, "activity_lines": [ 33.669707, 33.384282, 33.037286, 32.453474 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 34.43, "trend_reference": 31.796914, "distance_from_trend": 0.082809, "trend_direction": "Improving", "fair_value": 28.594102, "distance_from_fair_value": 0.204094, "fair_value_direction": "Improving", "relative_strength": -1.641414, "relative_strength_direction": "Improving", "price_momentum": 0.108906, "excess_performance": -0.016719, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082809, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026117, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.204094, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.03748, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.016414, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013756, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.108906, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.142352, "read": "Demand-led" } ], "volume": { "latest": 282514, "relative_activity": 0.527473, "balance": 2.142352, "dry_up": 0.709261, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.022141, "annualized_volatility": 0.116118, "from_high_reference": -0.004626, "from_low_reference": 0.195338 }, "levels": { "trend_reference": 31.796914, "fair_value_reference": 28.594102, "structural_low": 28.803562, "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": 0.00834, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.001999, "regime_survival": 0.875, "best_return": 0.028068, "worst_return": -0.022151, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.021034, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.015795, "regime_survival": 0.5, "best_return": 0.023675, "worst_return": 0.018393, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.042503, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.032457, "regime_survival": 0.0, "best_return": 0.042503, "worst_return": 0.042503, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2026-02-20", "tenure": "Established", "return": 0.014118, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.0217, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.015577, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.075516, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.019291, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.045604, "active": true } ], "chart_path": [ { "date": "2024-04-12", "close": 24.344449, "volume": 206940, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 23.84308, "volume": 39473, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 24.10982, "volume": 6962, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 24.168822, "volume": 3115, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 24.519583, "volume": 1144, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 24.785929, "volume": 18782267, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 24.798635, "volume": 2517, "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": 24.689989, "volume": 1240594, "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": 24.969928, "volume": 10149, "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": 25.340488, "volume": 52263, "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": 25.521532, "volume": 6040, "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": 25.512361, "volume": 13541, "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": 25.891634, "volume": 47891, "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": 26.098528, "volume": 38687, "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": 25.657226, "volume": 86553, "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": 25.531788, "volume": 39780, "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": 25.306354, "volume": 31749, "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": 25.294718, "volume": 20072, "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": 25.960861, "volume": 6900, "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": 26.340036, "volume": 29733, "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": 26.33688, "volume": 22912, "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": 25.392642, "volume": 21882, "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": 26.152667, "volume": 19932, "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": 26.48638, "volume": 14070, "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": 26.622722, "volume": 47032, "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": 26.734069, "volume": 25373, "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": 27.034318, "volume": 35021, "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": 27.140132, "volume": 32651, "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": 26.917637, "volume": 56001, "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": 26.754718, "volume": 765404, "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": 27.725811, "volume": 39118, "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": 27.228952, "volume": 149004, "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": 27.535228, "volume": 62202, "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": 27.756538, "volume": 55154, "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": 28.118932, "volume": 66616, "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": 27.863833, "volume": 20087, "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": 27.532264, "volume": 135836, "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": 27.510187, "volume": 20063, "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": 27.373862, "volume": 205679, "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": 27.057058, "volume": 80276, "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": 27.48613, "volume": 3189181, "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": 27.819368, "volume": 33142, "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": 27.472864, "volume": 362507, "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": 27.433263, "volume": 94988, "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": 27.759967, "volume": 143813, "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": 27.344162, "volume": 81257, "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": 27.19566, "volume": 107097, "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": 26.700653, "volume": 202601, "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": 26.354149, "volume": 96827, "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": 26.400679, "volume": 50263, "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": 26.083197, "volume": 64255, "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": 25.165473, "volume": 130743, "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": 25.893798, "volume": 6958097, "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": 25.299411, "volume": 34226, "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": 26.018509, "volume": 55436, "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": 26.635021, "volume": 100605, "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": 26.396314, "volume": 68582, "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": 27.65047, "volume": 164883, "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": 27.105094, "volume": 108682, "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": 27.452341, "volume": 3390116, "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": 27.879455, "volume": 197312, "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": 27.779745, "volume": 84365, "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": 27.737083, "volume": 71091, "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": 28.572178, "volume": 81248, "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": 28.920135, "volume": 3423205, "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": 28.721303, "volume": 71332, "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": 28.820917, "volume": 559453, "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": 29.13885, "volume": 268667, "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": 28.602003, "volume": 258504, "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": 29.248208, "volume": 114432, "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": 29.526573, "volume": 193147, "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": 29.556398, "volume": 1336279, "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": 29.556398, "volume": 438654, "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": 29.705522, "volume": 98309, "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": 30.103186, "volume": 71230, "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": 30.530675, "volume": 295953, "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": 30.386334, "volume": 425041, "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": 30.600357, "volume": 555134, "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": 29.903537, "volume": 464118, "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": 30.311674, "volume": 500041, "typical_volume": 475375.75, "trend": 28.310005, "fair_value": 27.065346, "relative_strength": -2.206159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.113031, "energy": 59.501485, "activity_lines": [ 30.285129, 30.174298, 29.733417, 29.182078 ] }, { "date": "2025-10-24", "close": 30.719812, "volume": 456614, "typical_volume": 488340.85, "trend": 28.464559, "fair_value": 27.110462, "relative_strength": -2.703584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.846709, "energy": 61.447756, "activity_lines": [ 30.409561, 30.301888, 29.87054, 29.337549 ] }, { "date": "2025-10-31", "close": 30.968676, "volume": 843879, "typical_volume": 526316.55, "trend": 28.657999, "fair_value": 27.157514, "relative_strength": -2.526055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.060964, "energy": 63.067034, "activity_lines": [ 30.604339, 30.453031, 30.017838, 29.499105 ] }, { "date": "2025-11-07", "close": 30.441084, "volume": 585439, "typical_volume": 552033.95, "trend": 28.809575, "fair_value": 27.197075, "relative_strength": -2.540978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.563082, "energy": 54.368372, "activity_lines": [ 30.58443, 30.482571, 30.099704, 29.614143 ] }, { "date": "2025-11-14", "close": 30.560539, "volume": 340879, "typical_volume": 565015.5, "trend": 28.984946, "fair_value": 27.237116, "relative_strength": -2.235047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.294902, "energy": 51.118492, "activity_lines": [ 30.614957, 30.517744, 30.180071, 29.727108 ] }, { "date": "2025-11-21", "close": 29.993128, "volume": 354821, "typical_volume": 411596.3, "trend": 29.117434, "fair_value": 27.26954, "relative_strength": -2.120016, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.956164, "energy": 35.588048, "activity_lines": [ 30.412547, 30.434206, 30.19693, 29.792152 ] }, { "date": "2025-11-28", "close": 30.908949, "volume": 123256, "typical_volume": 414192.5, "trend": 29.259898, "fair_value": 27.311859, "relative_strength": -2.670745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.881537, "energy": 38.972403, "activity_lines": [ 30.536648, 30.519182, 30.2959, 29.907734 ] }, { "date": "2025-12-05", "close": 30.99854, "volume": 1042603, "typical_volume": 438350.0, "trend": 29.413305, "fair_value": 27.354234, "relative_strength": -2.650983, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.043548, "energy": 42.157448, "activity_lines": [ 30.678003, 30.61357, 30.392986, 30.019904 ] }, { "date": "2025-12-12", "close": 30.819358, "volume": 3744157, "typical_volume": 612124.5, "trend": 29.518935, "fair_value": 27.393611, "relative_strength": -2.596519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.858345, "energy": 39.006596, "activity_lines": [ 30.757639, 30.664247, 30.462637, 30.110617 ] }, { "date": "2025-12-19", "close": 30.819358, "volume": 653469, "typical_volume": 631872.75, "trend": 29.642744, "fair_value": 27.432102, "relative_strength": -2.640156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.845723, "energy": 43.071809, "activity_lines": [ 30.812058, 30.710943, 30.524285, 30.194515 ] }, { "date": "2025-12-26", "close": 31.148284, "volume": 194930, "typical_volume": 635897.65, "trend": 29.765942, "fair_value": 27.473393, "relative_strength": -2.920191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.839093, "energy": 52.378005, "activity_lines": [ 30.958864, 30.800793, 30.606701, 30.291647 ] }, { "date": "2026-01-02", "close": 30.819358, "volume": 236313, "typical_volume": 638055.95, "trend": 29.863939, "fair_value": 27.510162, "relative_strength": -2.874242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.09895, "energy": 39.418488, "activity_lines": [ 30.919017, 30.815627, 30.648743, 30.359609 ] }, { "date": "2026-01-09", "close": 31.148284, "volume": 1161355, "typical_volume": 629309.75, "trend": 29.976223, "fair_value": 27.549707, "relative_strength": -3.287989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.599423, "energy": 42.332988, "activity_lines": [ 30.994785, 30.888455, 30.715955, 30.44247 ] }, { "date": "2026-01-16", "close": 30.869195, "volume": 406431, "typical_volume": 627698.6, "trend": 30.080627, "fair_value": 27.5854, "relative_strength": -3.744629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.518648, "energy": 36.311844, "activity_lines": [ 30.967541, 30.907275, 30.749007, 30.500081 ] }, { "date": "2026-01-23", "close": 30.794439, "volume": 492393, "typical_volume": 647402.8, "trend": 30.154702, "fair_value": 27.619539, "relative_strength": -3.574637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.698518, "energy": 28.601352, "activity_lines": [ 30.912055, 30.904718, 30.768687, 30.546134 ] }, { "date": "2026-01-30", "close": 31.088479, "volume": 526385, "typical_volume": 670160.55, "trend": 30.226981, "fair_value": 27.656054, "relative_strength": -2.988788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.572926, "energy": 31.806108, "activity_lines": [ 30.956244, 30.951371, 30.811187, 30.606377 ] }, { "date": "2026-02-06", "close": 31.048609, "volume": 721994, "typical_volume": 691462.6, "trend": 30.304557, "fair_value": 27.691393, "relative_strength": -2.873777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.76095, "energy": 28.782117, "activity_lines": [ 30.99113, 30.970859, 30.845197, 30.659386 ] }, { "date": "2026-02-13", "close": 30.550236, "volume": 484918, "typical_volume": 694456.45, "trend": 30.362201, "fair_value": 27.720866, "relative_strength": -3.139008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.9072, "energy": 14.924741, "activity_lines": [ 30.844608, 30.897194, 30.829276, 30.675236 ] }, { "date": "2026-02-20", "close": 30.739618, "volume": 266776, "typical_volume": 680038.55, "trend": 30.41556, "fair_value": 27.751669, "relative_strength": -3.563123, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.88616, "energy": 14.226254, "activity_lines": [ 30.801084, 30.866114, 30.830612, 30.699585 ] }, { "date": "2026-02-27", "close": 30.545253, "volume": 287709, "typical_volume": 671218.1, "trend": 30.480335, "fair_value": 27.779887, "relative_strength": -3.621044, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.857268, "energy": 9.072769, "activity_lines": [ 30.701409, 30.801144, 30.812773, 30.707953 ] }, { "date": "2026-03-06", "close": 30.360855, "volume": 575476, "typical_volume": 674989.85, "trend": 30.517424, "fair_value": 27.805697, "relative_strength": -2.192534, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.06258, "energy": 13.21147, "activity_lines": [ 30.556881, 30.707632, 30.774317, 30.700244 ] }, { "date": "2026-03-13", "close": 29.882417, "volume": 238043, "typical_volume": 664061.3, "trend": 30.529285, "fair_value": 27.826259, "relative_strength": -2.175338, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.897571, "energy": 43.140002, "activity_lines": [ 30.301382, 30.541447, 30.690061, 30.659276 ] }, { "date": "2026-03-20", "close": 29.49269, "volume": 356692, "typical_volume": 639701.95, "trend": 30.527161, "fair_value": 27.842596, "relative_strength": -1.604458, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.742225, "energy": 63.935935, "activity_lines": [ 29.99372, 30.321438, 30.572676, 30.592399 ] }, { "date": "2026-03-27", "close": 29.033271, "volume": 272260, "typical_volume": 624043.0, "trend": 30.509724, "fair_value": 27.854156, "relative_strength": -0.855449, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.267821, "energy": 83.395066, "activity_lines": [ 29.603422, 30.048, 30.418566, 30.496019 ] }, { "date": "2026-04-03", "close": 29.49269, "volume": 2951238, "typical_volume": 754560.95, "trend": 30.50263, "fair_value": 27.869911, "relative_strength": -2.405421, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.265175, "energy": 76.967863, "activity_lines": [ 29.48002, 29.891474, 30.314913, 30.430404 ] }, { "date": "2026-04-10", "close": 30.381865, "volume": 938199, "typical_volume": 783729.85, "trend": 30.511919, "fair_value": 27.893835, "relative_strength": -2.783501, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.277524, "energy": 59.492203, "activity_lines": [ 29.72318, 29.920283, 30.301029, 30.422613 ] }, { "date": "2026-04-17", "close": 31.600024, "volume": 333436, "typical_volume": 794238.85, "trend": 30.547564, "fair_value": 27.928799, "relative_strength": -3.087363, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.993139, "energy": 7.033159, "activity_lines": [ 30.370992, 30.183424, 30.401308, 30.492813 ] }, { "date": "2026-04-24", "close": 31.719872, "volume": 185259, "typical_volume": 751371.65, "trend": 30.592015, "fair_value": 27.964229, "relative_strength": -3.10106, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.053635, "energy": 29.963483, "activity_lines": [ 30.944247, 30.458329, 30.509711, 30.568446 ] }, { "date": "2026-05-01", "close": 32.099392, "volume": 534531, "typical_volume": 590890.35, "trend": 30.641983, "fair_value": 28.002518, "relative_strength": -2.732652, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 66.529281, "energy": 55.035234, "activity_lines": [ 31.495529, 30.780972, 30.650824, 30.665696 ] }, { "date": "2026-05-08", "close": 32.718609, "volume": 341841, "typical_volume": 575308.95, "trend": 30.735819, "fair_value": 28.045785, "relative_strength": -3.016966, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.825073, "energy": 83.508823, "activity_lines": [ 32.048809, 31.191477, 30.844814, 30.799672 ] }, { "date": "2026-05-15", "close": 32.928344, "volume": 349071, "typical_volume": 583016.0, "trend": 30.823041, "fair_value": 28.090172, "relative_strength": -2.496639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.218262, "energy": 89.808695, "activity_lines": [ 32.45694, 31.6006, 31.049736, 30.941125 ] }, { "date": "2026-05-22", "close": 33.138078, "volume": 307337, "typical_volume": 586567.2, "trend": 30.90365, "fair_value": 28.135648, "relative_strength": -2.608189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.084423, "energy": 90.880797, "activity_lines": [ 32.765217, 32.001175, 31.266155, 31.090482 ] }, { "date": "2026-05-29", "close": 33.487636, "volume": 174374, "typical_volume": 537218.15, "trend": 30.987615, "fair_value": 28.183434, "relative_strength": -2.874735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.050731, "energy": 91.969752, "activity_lines": [ 33.087476, 32.406111, 31.504824, 31.257191 ] }, { "date": "2026-06-05", "close": 32.808495, "volume": 628167, "typical_volume": 548304.95, "trend": 31.066529, "fair_value": 28.224364, "relative_strength": -2.295714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.011043, "energy": 80.212615, "activity_lines": [ 33.065503, 32.614933, 31.667673, 31.374667 ] }, { "date": "2026-06-12", "close": 32.848445, "volume": 1187527, "typical_volume": 583061.65, "trend": 31.142792, "fair_value": 28.264926, "relative_strength": -2.616253, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.475795, "energy": 59.15701, "activity_lines": [ 33.009574, 32.762377, 31.825092, 31.489629 ] }, { "date": "2026-06-19", "close": 33.2, "volume": 185696, "typical_volume": 566027.2, "trend": 31.249688, "fair_value": 28.307839, "relative_strength": -2.367924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.623246, "energy": 57.765397, "activity_lines": [ 33.062174, 32.912727, 32.006212, 31.622352 ] }, { "date": "2026-06-26", "close": 32.41, "volume": 265391, "typical_volume": 543197.05, "trend": 31.299723, "fair_value": 28.343203, "relative_strength": -2.266418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.74847, "energy": 40.181412, "activity_lines": [ 32.833331, 32.868202, 32.102039, 31.697211 ] }, { "date": "2026-07-03", "close": 33.04, "volume": 224130, "typical_volume": 530157.65, "trend": 31.367772, "fair_value": 28.383346, "relative_strength": -2.380059, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.364822, "energy": 39.691176, "activity_lines": [ 32.863026, 32.923495, 32.251383, 31.809487 ] }, { "date": "2026-07-10", "close": 33.49, "volume": 313998, "typical_volume": 532518.75, "trend": 31.456793, "fair_value": 28.426623, "relative_strength": -2.292306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.366733, "energy": 49.407292, "activity_lines": [ 33.072563, 33.036604, 32.431727, 31.946405 ] }, { "date": "2026-07-17", "close": 33.17, "volume": 232698, "typical_volume": 529768.2, "trend": 31.535148, "fair_value": 28.466483, "relative_strength": -1.632585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.921854, "energy": 46.605019, "activity_lines": [ 33.13, 33.066248, 32.568499, 32.056935 ] }, { "date": "2026-07-24", "close": 33.09, "volume": 514301, "typical_volume": 526709.45, "trend": 31.599872, "fair_value": 28.505013, "relative_strength": -1.229638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.055678, "energy": 47.477544, "activity_lines": [ 33.139333, 33.073138, 32.685153, 32.157248 ] }, { "date": "2026-07-31", "close": 33.4489, "volume": 490003, "typical_volume": 539307.45, "trend": 31.687523, "fair_value": 28.545871, "relative_strength": -1.168106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.894538, "energy": 51.575744, "activity_lines": [ 33.275633, 33.142345, 32.822992, 32.27654 ] }, { "date": "2026-08-07", "close": 34.43, "volume": 282514, "typical_volume": 535598.55, "trend": 31.796914, "fair_value": 28.594102, "relative_strength": -1.641414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.642555, "energy": 69.921399, "activity_lines": [ 33.669707, 33.384282, 33.037286, 32.453474 ] } ], "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." } } }