{ "ticker": { "uuid": "7699c2ac-a29a-4208-a76c-819e194d172c", "symbol": "FEBW", "name": "ALLIANZIM U.S. EQUITY BUFFER20 FEB 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.459, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.301, "architecture_energy": 73.877, "architecture_maturity": 41.687, "architecture_confidence": 80.253, "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": 7.31, "rotation_up": 65.49, "upward_expansion": 89.1, "deceleration": 51.63, "rotation_down": 25.2, "downward_expansion": 13.44 }, "activity_lines": [ 35.820707, 35.693869, 35.478574, 35.146666 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 36.1058, "trend_reference": 34.76711, "distance_from_trend": 0.038504, "trend_direction": "Improving", "fair_value": 31.038456, "distance_from_fair_value": 0.16326, "fair_value_direction": "Improving", "relative_strength": -5.756985, "relative_strength_direction": "Improving", "price_momentum": 0.053996, "excess_performance": -0.071629, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.038504, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018781, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.16326, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00059, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.05757, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000637, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.053996, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.698396, "read": "Demand-led" } ], "volume": { "latest": 49919, "relative_activity": 0.321154, "balance": 2.698396, "dry_up": 0.240015, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.008099, "annualized_volatility": 0.053246, "from_high_reference": -0.00067, "from_low_reference": 0.118519 }, "levels": { "trend_reference": 34.76711, "fair_value_reference": 31.038456, "structural_low": 32.9514, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.006237, "positive_rate": 0.842105, "directional_follow_through": 0.842105, "median_excess_return": -0.006427, "regime_survival": 0.894737, "best_return": 0.015186, "worst_return": -0.030564, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.021429, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.01782, "regime_survival": 0.714286, "best_return": 0.035645, "worst_return": 0.001408, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.045104, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.030304, "regime_survival": 1.0, "best_return": 0.049786, "worst_return": 0.030558, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.081865, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.076707, "regime_survival": 1.0, "best_return": 0.081865, "worst_return": 0.081865, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-23", "tenure": "New", "return": 0.017139, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2025-03-07", "tenure": "Extended", "return": 0.015741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.004292, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.023681, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.033434, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-06-06", "tenure": "New", "return": 0.005908, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.024931, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-03-06", "tenure": "Extended", "return": 0.055985, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.036251, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.031594, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 26.279245, "volume": 27673, "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": "2023-08-25", "close": 26.389175, "volume": 20058, "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": "2023-09-01", "close": 26.72855, "volume": 26220, "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": "2023-09-08", "close": 26.606738, "volume": 32006, "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": "2023-09-15", "close": 26.628704, "volume": 14391, "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": "2023-09-22", "close": 26.244, "volume": 6050, "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": "2023-09-29", "close": 26.132971, "volume": 27559, "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": "2023-10-06", "close": 26.268562, "volume": 99227, "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": "2023-10-13", "close": 26.314291, "volume": 51654, "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": "2023-10-20", "close": 25.973818, "volume": 6494, "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": "2023-10-27", "close": 25.525112, "volume": 160710, "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": "2023-11-03", "close": 26.487922, "volume": 12626, "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": "2023-11-10", "close": 26.718765, "volume": 36802, "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": "2023-11-17", "close": 27.076412, "volume": 49588, "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": "2023-11-24", "close": 27.267916, "volume": 12988, "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": "2023-12-01", "close": 27.40051, "volume": 19791, "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": "2023-12-08", "close": 27.466808, "volume": 132638, "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": "2023-12-15", "close": 27.700846, "volume": 40103, "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": "2023-12-22", "close": 27.764148, "volume": 44296, "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": "2023-12-29", "close": 27.816966, "volume": 36804, "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": "2024-01-05", "close": 27.816667, "volume": 19772, "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": "2024-01-12", "close": 27.916812, "volume": 34030, "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": "2024-01-19", "close": 27.96, "volume": 35171, "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": "2024-01-26", "close": 28.0399, "volume": 23376, "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": "2024-02-02", "close": 28.3282, "volume": 1188778, "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": "2024-02-09", "close": 28.47, "volume": 492232, "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": "2024-02-16", "close": 28.43, "volume": 4466203, "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": "2024-02-23", "close": 28.61, "volume": 264616, "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": "2024-03-01", "close": 28.68, "volume": 235364, "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": "2024-03-08", "close": 28.679, "volume": 90108, "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": "2024-03-15", "close": 28.67, "volume": 243400, "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": "2024-03-22", "close": 28.925, "volume": 97549, "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": "2024-03-29", "close": 28.958, "volume": 142373, "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": "2024-04-05", "close": 28.8394, "volume": 142434, "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": "2024-04-12", "close": 28.6895, "volume": 97169, "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": 28.3991, "volume": 172373, "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": 28.7538, "volume": 188004, "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": 28.8351, "volume": 75293, "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": 29.0524, "volume": 60835, "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": 29.2491, "volume": 159474, "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": 29.2849, "volume": 106831, "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": 29.2697, "volume": 94649, "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": 29.415, "volume": 3202750, "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": 29.55, "volume": 45690, "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": 29.6099, "volume": 37186, "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": 29.6346, "volume": 1498978, "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": 29.812, "volume": 20698, "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": 29.9046, "volume": 11765, "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": 29.7749, "volume": 31011, "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": 29.7364, "volume": 123345, "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": 29.5129, "volume": 205300, "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": 29.6166, "volume": 21597, "typical_volume": 321887.75, "trend": 29.023, "fair_value": 27.228762, "relative_strength": -4.080955, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.525388, "energy": 33.843624, "activity_lines": [ 29.653213, 29.681242, 29.499235, 29.307537 ] }, { "date": "2024-08-16", "close": 30.0049, "volume": 13741, "typical_volume": 315456.15, "trend": 29.091163, "fair_value": 27.263036, "relative_strength": -6.345831, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.62229, "energy": 45.262632, "activity_lines": [ 29.75182, 29.744553, 29.566854, 29.370885 ] }, { "date": "2024-08-23", "close": 30.1242, "volume": 33120, "typical_volume": 309990.45, "trend": 29.16064, "fair_value": 27.297928, "relative_strength": -7.057804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.273601, "energy": 51.34036, "activity_lines": [ 29.883507, 29.818829, 29.64085, 29.437533 ] }, { "date": "2024-08-30", "close": 30.1947, "volume": 87439, "typical_volume": 309503.95, "trend": 29.222857, "fair_value": 27.332829, "relative_strength": -6.894422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.577116, "energy": 61.914101, "activity_lines": [ 30.015407, 29.895484, 29.715443, 29.504246 ] }, { "date": "2024-09-06", "close": 29.8447, "volume": 6780, "typical_volume": 301224.3, "trend": 29.26868, "fair_value": 27.362732, "relative_strength": -3.830809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.870797, "energy": 62.667211, "activity_lines": [ 30.000087, 29.897869, 29.749534, 29.544365 ] }, { "date": "2024-09-13", "close": 30.2046, "volume": 9551, "typical_volume": 292301.65, "trend": 29.327833, "fair_value": 27.396166, "relative_strength": -6.20235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.777616, "energy": 66.355517, "activity_lines": [ 30.082613, 29.961871, 29.811018, 29.604747 ] }, { "date": "2024-09-20", "close": 30.3238, "volume": 11676, "typical_volume": 289120.8, "trend": 29.38496, "fair_value": 27.430208, "relative_strength": -6.888624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.253048, "energy": 61.591517, "activity_lines": [ 30.165673, 30.040407, 29.876946, 29.669003 ] }, { "date": "2024-09-27", "close": 30.3745, "volume": 16379, "typical_volume": 286898.0, "trend": 29.441443, "fair_value": 27.46405, "relative_strength": -6.983492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.691967, "energy": 56.621344, "activity_lines": [ 30.244373, 30.12054, 29.940613, 29.732845 ] }, { "date": "2024-10-04", "close": 30.3753, "volume": 36792, "typical_volume": 280763.9, "trend": 29.497987, "fair_value": 27.497133, "relative_strength": -6.945219, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.743115, "energy": 66.193686, "activity_lines": [ 30.306653, 30.189916, 29.99806, 29.793093 ] }, { "date": "2024-10-11", "close": 30.4601, "volume": 16749, "typical_volume": 276259.8, "trend": 29.557657, "fair_value": 27.530424, "relative_strength": -7.458955, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.326331, "energy": 67.217805, "activity_lines": [ 30.38516, 30.263095, 30.058221, 29.855165 ] }, { "date": "2024-10-18", "close": 30.5648, "volume": 15068, "typical_volume": 272280.75, "trend": 29.612317, "fair_value": 27.56414, "relative_strength": -7.616976, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.391987, "energy": 69.971038, "activity_lines": [ 30.45754, 30.338087, 30.122758, 29.920142 ] }, { "date": "2024-10-25", "close": 30.5501, "volume": 13773, "typical_volume": 112831.9, "trend": 29.665387, "fair_value": 27.596953, "relative_strength": -6.450974, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.062153, "energy": 52.34813, "activity_lines": [ 30.501007, 30.393167, 30.179727, 29.980644 ] }, { "date": "2024-11-01", "close": 30.4998, "volume": 26119, "typical_volume": 111853.35, "trend": 29.720733, "fair_value": 27.628505, "relative_strength": -5.026155, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.294959, "energy": 49.904375, "activity_lines": [ 30.51262, 30.429189, 30.2265, 30.034477 ] }, { "date": "2024-11-08", "close": 30.775, "volume": 32399, "typical_volume": 111614.0, "trend": 29.79025, "fair_value": 27.662338, "relative_strength": -8.204272, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.870494, "energy": 58.493859, "activity_lines": [ 30.607613, 30.508418, 30.29496, 30.102495 ] }, { "date": "2024-11-15", "close": 30.7498, "volume": 21801, "typical_volume": 37755.15, "trend": 29.868607, "fair_value": 27.695184, "relative_strength": -6.06131, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.690002, "energy": 57.6571, "activity_lines": [ 30.66756, 30.572515, 30.355472, 30.164401 ] }, { "date": "2024-11-22", "close": 30.821, "volume": 19983, "typical_volume": 37719.4, "trend": 29.937513, "fair_value": 27.728087, "relative_strength": -7.100949, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.60647, "energy": 70.937771, "activity_lines": [ 30.731927, 30.6331, 30.417454, 30.225846 ] }, { "date": "2024-11-29", "close": 30.885, "volume": 8526, "typical_volume": 37557.45, "trend": 30.005843, "fair_value": 27.760972, "relative_strength": -7.701466, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.438637, "energy": 76.675819, "activity_lines": [ 30.800547, 30.694115, 30.480727, 30.286974 ] }, { "date": "2024-12-06", "close": 30.939, "volume": 188932, "typical_volume": 45453.5, "trend": 30.06873, "fair_value": 27.793735, "relative_strength": -8.034787, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.396277, "energy": 76.48004, "activity_lines": [ 30.86484, 30.754744, 30.544474, 30.347178 ] }, { "date": "2024-12-13", "close": 30.9643, "volume": 15100, "typical_volume": 40041.25, "trend": 30.125903, "fair_value": 27.826088, "relative_strength": -7.142348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.521074, "energy": 76.044447, "activity_lines": [ 30.908287, 30.809709, 30.605088, 30.404956 ] }, { "date": "2024-12-20", "close": 30.9247, "volume": 19404, "typical_volume": 30746.45, "trend": 30.180563, "fair_value": 27.857387, "relative_strength": -5.294311, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.267719, "energy": 67.000612, "activity_lines": [ 30.925913, 30.846765, 30.656082, 30.456492 ] }, { "date": "2024-12-27", "close": 30.984, "volume": 13457, "typical_volume": 30339.45, "trend": 30.237707, "fair_value": 27.888653, "relative_strength": -5.491338, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.660529, "energy": 57.941002, "activity_lines": [ 30.951647, 30.886156, 30.706002, 30.508326 ] }, { "date": "2025-01-03", "close": 31.0552, "volume": 56429, "typical_volume": 32473.85, "trend": 30.29238, "fair_value": 27.920005, "relative_strength": -4.526344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.987328, "energy": 54.910734, "activity_lines": [ 30.990247, 30.930871, 30.756191, 30.561068 ] }, { "date": "2025-01-10", "close": 31.035, "volume": 59440, "typical_volume": 33789.85, "trend": 30.34188, "fair_value": 27.950544, "relative_strength": -2.505155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.857342, "energy": 52.001149, "activity_lines": [ 31.010767, 30.962729, 30.799455, 30.608979 ] }, { "date": "2025-01-17", "close": 31.1032, "volume": 21015, "typical_volume": 30468.65, "trend": 30.391657, "fair_value": 27.981152, "relative_strength": -4.863366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.395891, "energy": 52.336285, "activity_lines": [ 31.04762, 30.997256, 30.844877, 30.658096 ] }, { "date": "2025-01-24", "close": 31.1596, "volume": 48289, "typical_volume": 32544.1, "trend": 30.44249, "fair_value": 28.011714, "relative_strength": -6.088122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.178071, "energy": 85.719374, "activity_lines": [ 31.094013, 31.036071, 30.891344, 30.707641 ] }, { "date": "2025-01-31", "close": 31.2076, "volume": 529303, "typical_volume": 58531.7, "trend": 30.48901, "fair_value": 28.042151, "relative_strength": -4.774819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.002787, "energy": 82.811863, "activity_lines": [ 31.140747, 31.076162, 30.936121, 30.757003 ] }, { "date": "2025-02-07", "close": 31.22, "volume": 580636, "typical_volume": 86979.7, "trend": 30.532857, "fair_value": 28.072131, "relative_strength": -4.382571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.584233, "energy": 41.437214, "activity_lines": [ 31.176707, 31.111478, 30.977303, 30.804163 ] }, { "date": "2025-02-14", "close": 31.41, "volume": 237175, "typical_volume": 98019.5, "trend": 30.58736, "fair_value": 28.103326, "relative_strength": -5.003658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.107362, "energy": 45.321908, "activity_lines": [ 31.265013, 31.175249, 31.032312, 30.860753 ] }, { "date": "2025-02-21", "close": 31.1956, "volume": 106546, "typical_volume": 101507.2, "trend": 30.636, "fair_value": 28.131958, "relative_strength": -3.944865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.664525, "energy": 38.164716, "activity_lines": [ 31.256853, 31.191475, 31.061972, 30.899995 ] }, { "date": "2025-02-28", "close": 31.1174, "volume": 245718, "typical_volume": 112955.65, "trend": 30.689483, "fair_value": 28.159348, "relative_strength": -3.109879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.408327, "energy": 30.367494, "activity_lines": [ 31.216467, 31.189276, 31.080278, 30.931053 ] }, { "date": "2025-03-07", "close": 30.67, "volume": 49142, "typical_volume": 114659.35, "trend": 30.724597, "fair_value": 28.182172, "relative_strength": -1.35199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.851993, "energy": 10.855325, "activity_lines": [ 31.02976, 31.102229, 31.052844, 30.929796 ] }, { "date": "2025-03-14", "close": 30.45, "volume": 88458, "typical_volume": 118393.6, "trend": 30.739433, "fair_value": 28.202603, "relative_strength": 0.317362, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.722656, "energy": 10.707389, "activity_lines": [ 30.80556, 30.980891, 31.003957, 30.91208 ] }, { "date": "2025-03-21", "close": 30.54, "volume": 54535, "typical_volume": 119814.4, "trend": 30.753293, "fair_value": 28.223472, "relative_strength": 0.177177, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.250854, "energy": 21.605717, "activity_lines": [ 30.662693, 30.88692, 30.964118, 30.899213 ] }, { "date": "2025-03-28", "close": 30.3193, "volume": 74589, "typical_volume": 121923.9, "trend": 30.757447, "fair_value": 28.242019, "relative_strength": 0.996261, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.092884, "energy": 29.557256, "activity_lines": [ 30.50426, 30.761822, 30.903068, 30.871214 ] }, { "date": "2025-04-04", "close": 29.015, "volume": 63853, "typical_volume": 124026.5, "trend": 30.72979, "fair_value": 28.2488, "relative_strength": 6.247174, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.533624, "energy": 58.071983, "activity_lines": [ 29.96948, 30.413831, 30.71997, 30.758798 ] }, { "date": "2025-04-11", "close": 29.7021, "volume": 90675, "typical_volume": 127561.1, "trend": 30.71304, "fair_value": 28.261437, "relative_strength": 2.970793, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.398978, "energy": 59.816327, "activity_lines": [ 29.803893, 30.22976, 30.61057, 30.692495 ] }, { "date": "2025-04-18", "close": 29.5598, "volume": 16705, "typical_volume": 127970.05, "trend": 30.687573, "fair_value": 28.27263, "relative_strength": 4.014732, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.991498, "energy": 58.853383, "activity_lines": [ 29.6554, 30.047189, 30.492946, 30.618092 ] }, { "date": "2025-04-25", "close": 30.199, "volume": 7826, "typical_volume": 118914.75, "trend": 30.681723, "fair_value": 28.289095, "relative_strength": 1.676626, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.206879, "energy": 42.806048, "activity_lines": [ 29.77932, 30.011022, 30.442509, 30.586572 ] }, { "date": "2025-05-02", "close": 30.5829, "volume": 33250, "typical_volume": 119822.25, "trend": 30.688643, "fair_value": 28.308534, "relative_strength": 0.153025, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.515362, "energy": 25.546898, "activity_lines": [ 30.05394, 30.066673, 30.432158, 30.580196 ] }, { "date": "2025-05-09", "close": 30.5481, "volume": 15990, "typical_volume": 119651.55, "trend": 30.691577, "fair_value": 28.327354, "relative_strength": 0.552652, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.477878, "energy": 16.82463, "activity_lines": [ 30.299387, 30.127136, 30.420308, 30.571129 ] }, { "date": "2025-05-16", "close": 31.2475, "volume": 55746, "typical_volume": 121766.0, "trend": 30.714333, "fair_value": 28.351688, "relative_strength": -2.196573, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.194176, "energy": 15.994961, "activity_lines": [ 30.67576, 30.325115, 30.476861, 30.606995 ] }, { "date": "2025-05-23", "close": 30.922, "volume": 45651, "typical_volume": 121227.1, "trend": 30.72673, "fair_value": 28.37293, "relative_strength": -0.600315, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.60311, "energy": 15.58842, "activity_lines": [ 30.840607, 30.453411, 30.50116, 30.620392 ] }, { "date": "2025-05-30", "close": 31.1612, "volume": 27537, "typical_volume": 119631.95, "trend": 30.748777, "fair_value": 28.395785, "relative_strength": -1.460851, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.379578, "energy": 24.411179, "activity_lines": [ 30.994373, 30.616616, 30.548874, 30.648423 ] }, { "date": "2025-06-06", "close": 31.4321, "volume": 54188, "typical_volume": 121290.6, "trend": 30.77068, "fair_value": 28.420471, "relative_strength": -2.105196, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.857157, "energy": 35.712768, "activity_lines": [ 31.174293, 30.817782, 30.621787, 30.692508 ] }, { "date": "2025-06-13", "close": 31.322, "volume": 26862, "typical_volume": 120219.25, "trend": 30.789753, "fair_value": 28.44387, "relative_strength": -2.004618, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.143144, "energy": 38.061132, "activity_lines": [ 31.2609, 30.978696, 30.682648, 30.728077 ] }, { "date": "2025-06-20", "close": 31.3571, "volume": 28821, "typical_volume": 95195.15, "trend": 30.807623, "fair_value": 28.467176, "relative_strength": -1.656332, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.507353, "energy": 36.521532, "activity_lines": [ 31.307613, 31.104047, 30.746078, 30.76468 ] }, { "date": "2025-06-27", "close": 31.8733, "volume": 67985, "typical_volume": 69562.6, "trend": 30.840567, "fair_value": 28.494209, "relative_strength": -3.27685, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.893366, "energy": 47.914599, "activity_lines": [ 31.519087, 31.293162, 30.857959, 30.833434 ] }, { "date": "2025-07-04", "close": 32.1029, "volume": 17258, "typical_volume": 58566.75, "trend": 30.879363, "fair_value": 28.522623, "relative_strength": -4.098924, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.512443, "energy": 77.945737, "activity_lines": [ 31.743673, 31.481958, 30.988595, 30.914874 ] }, { "date": "2025-07-11", "close": 32.0838, "volume": 16813, "typical_volume": 54080.1, "trend": 30.91668, "fair_value": 28.550445, "relative_strength": -3.801166, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.52631, "energy": 86.424377, "activity_lines": [ 31.899113, 31.632665, 31.114112, 30.99258 ] }, { "date": "2025-07-18", "close": 32.1713, "volume": 13498, "typical_volume": 42469.1, "trend": 30.958233, "fair_value": 28.578514, "relative_strength": -4.021603, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.158062, "energy": 89.625848, "activity_lines": [ 32.040273, 31.771993, 31.243734, 31.073523 ] }, { "date": "2025-07-25", "close": 32.4091, "volume": 15959, "typical_volume": 40809.95, "trend": 31.005737, "fair_value": 28.60798, "relative_strength": -4.604877, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.808984, "energy": 92.256962, "activity_lines": [ 32.20408, 31.925044, 31.390984, 31.167128 ] }, { "date": "2025-08-01", "close": 32.0911, "volume": 48687, "typical_volume": 38821.4, "trend": 31.040267, "fair_value": 28.634569, "relative_strength": -3.04849, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.350047, "energy": 85.915422, "activity_lines": [ 32.191753, 31.999156, 31.499668, 31.237151 ] }, { "date": "2025-08-08", "close": 32.4424, "volume": 15466, "typical_volume": 36867.95, "trend": 31.08718, "fair_value": 28.663416, "relative_strength": -4.180385, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.463562, "energy": 86.821111, "activity_lines": [ 32.282007, 32.115885, 31.633993, 31.327611 ] }, { "date": "2025-08-15", "close": 32.6138, "volume": 10011, "typical_volume": 33639.05, "trend": 31.137533, "fair_value": 28.693118, "relative_strength": -4.468993, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.823748, "energy": 89.912005, "activity_lines": [ 32.40676, 32.240484, 31.775584, 31.426103 ] }, { "date": "2025-08-22", "close": 32.6822, "volume": 12384, "typical_volume": 31065.6, "trend": 31.188287, "fair_value": 28.722887, "relative_strength": -4.421012, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.813765, "energy": 85.694958, "activity_lines": [ 32.51898, 32.356033, 31.912762, 31.525759 ] }, { "date": "2025-08-29", "close": 32.6666, "volume": 22259, "typical_volume": 27644.8, "trend": 31.23692, "fair_value": 28.7521, "relative_strength": -4.303422, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.034671, "energy": 87.589152, "activity_lines": [ 32.59194, 32.444015, 32.030992, 31.621134 ] }, { "date": "2025-09-05", "close": 32.7461, "volume": 22267, "typical_volume": 27922.9, "trend": 31.28779, "fair_value": 28.781467, "relative_strength": -4.20979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.640513, "energy": 86.356146, "activity_lines": [ 32.674233, 32.522642, 32.142677, 31.7185 ] }, { "date": "2025-09-12", "close": 32.9526, "volume": 32197, "typical_volume": 29141.45, "trend": 31.33921, "fair_value": 28.811914, "relative_strength": -4.948571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.001121, "energy": 79.356129, "activity_lines": [ 32.781693, 32.622945, 32.258856, 31.825907 ] }, { "date": "2025-09-19", "close": 33.0588, "volume": 39368, "typical_volume": 29447.35, "trend": 31.401317, "fair_value": 28.842688, "relative_strength": -5.661752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.028743, "energy": 70.392514, "activity_lines": [ 32.89054, 32.727109, 32.372036, 31.936849 ] }, { "date": "2025-09-26", "close": 33.0593, "volume": 44021, "typical_volume": 30848.9, "trend": 31.466047, "fair_value": 28.873024, "relative_strength": -5.25973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.789171, "energy": 69.504871, "activity_lines": [ 32.969887, 32.813636, 32.473474, 32.043815 ] }, { "date": "2025-10-03", "close": 33.1884, "volume": 16846, "typical_volume": 28903.9, "trend": 31.549993, "fair_value": 28.903848, "relative_strength": -5.800511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.63606, "energy": 70.849488, "activity_lines": [ 33.067127, 32.907491, 32.57525, 32.154935 ] }, { "date": "2025-10-10", "close": 32.9301, "volume": 15876, "typical_volume": 27415.15, "trend": 31.632663, "fair_value": 28.932403, "relative_strength": -4.119568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.953218, "energy": 65.416825, "activity_lines": [ 33.04348, 32.940213, 32.643182, 32.243974 ] }, { "date": "2025-10-17", "close": 33.133, "volume": 82262, "typical_volume": 30151.4, "trend": 31.719097, "fair_value": 28.961984, "relative_strength": -5.073977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.7447, "energy": 65.502037, "activity_lines": [ 33.0752, 32.994571, 32.720877, 32.34077 ] }, { "date": "2025-10-24", "close": 33.3659, "volume": 45293, "typical_volume": 29706.65, "trend": 31.82065, "fair_value": 28.992781, "relative_strength": -6.07984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.990225, "energy": 69.482332, "activity_lines": [ 33.172527, 33.078718, 32.811362, 32.447015 ] }, { "date": "2025-10-31", "close": 33.3954, "volume": 26591, "typical_volume": 29693.1, "trend": 31.966663, "fair_value": 29.023355, "relative_strength": -6.48505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.096626, "energy": 67.808252, "activity_lines": [ 33.259213, 33.154555, 32.895449, 32.548612 ] }, { "date": "2025-11-07", "close": 33.2782, "volume": 23987, "typical_volume": 29451.4, "trend": 32.085867, "fair_value": 29.052698, "relative_strength": -5.18691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.056127, "energy": 64.030149, "activity_lines": [ 33.284427, 33.196115, 32.9585, 32.633227 ] }, { "date": "2025-11-14", "close": 33.339, "volume": 21314, "typical_volume": 27117.85, "trend": 32.21184, "fair_value": 29.082057, "relative_strength": -5.026657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.027244, "energy": 62.787961, "activity_lines": [ 33.32392, 33.237609, 33.018194, 32.714075 ] }, { "date": "2025-11-21", "close": 33.1496, "volume": 10826, "typical_volume": 26796.25, "trend": 32.310193, "fair_value": 29.109727, "relative_strength": -3.643899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.169028, "energy": 53.659124, "activity_lines": [ 33.27302, 33.233887, 33.05287, 32.774575 ] }, { "date": "2025-11-28", "close": 33.595, "volume": 16797, "typical_volume": 26795.45, "trend": 32.410597, "fair_value": 29.140033, "relative_strength": -5.735694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.871471, "energy": 57.020968, "activity_lines": [ 33.36948, 33.307565, 33.124981, 32.857466 ] }, { "date": "2025-12-05", "close": 33.7199, "volume": 18397, "typical_volume": 27040.4, "trend": 32.516323, "fair_value": 29.17077, "relative_strength": -5.621088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.263043, "energy": 62.187402, "activity_lines": [ 33.4923, 33.394204, 33.201791, 32.941937 ] }, { "date": "2025-12-12", "close": 33.7432, "volume": 15199, "typical_volume": 27002.4, "trend": 32.599513, "fair_value": 29.201253, "relative_strength": -4.928156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.287968, "energy": 63.905503, "activity_lines": [ 33.601253, 33.473067, 33.273446, 33.021091 ] }, { "date": "2025-12-19", "close": 33.8189, "volume": 16401, "typical_volume": 25388.1, "trend": 32.696077, "fair_value": 29.231834, "relative_strength": -4.716287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.015973, "energy": 88.972941, "activity_lines": [ 33.70444, 33.555607, 33.345958, 33.099761 ] }, { "date": "2025-12-26", "close": 33.9671, "volume": 4952, "typical_volume": 24862.4, "trend": 32.789607, "fair_value": 29.262987, "relative_strength": -5.525132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.542401, "energy": 91.083801, "activity_lines": [ 33.825033, 33.648933, 33.424356, 33.181762 ] }, { "date": "2026-01-02", "close": 33.994, "volume": 11310, "typical_volume": 24927.35, "trend": 32.875003, "fair_value": 29.293908, "relative_strength": -4.344974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.903862, "energy": 89.367169, "activity_lines": [ 33.900093, 33.731984, 33.498055, 33.259465 ] }, { "date": "2026-01-09", "close": 34.1039, "volume": 18490, "typical_volume": 25232.65, "trend": 32.967733, "fair_value": 29.325142, "relative_strength": -5.369512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.695105, "energy": 90.378153, "activity_lines": [ 33.985187, 33.823596, 33.575649, 33.338749 ] }, { "date": "2026-01-16", "close": 34.1579, "volume": 18482, "typical_volume": 25043.8, "trend": 33.061093, "fair_value": 29.356321, "relative_strength": -4.774006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.89258, "energy": 85.507769, "activity_lines": [ 34.06268, 33.912145, 33.651616, 33.415534 ] }, { "date": "2026-01-23", "close": 34.1898, "volume": 76126, "typical_volume": 27736.75, "trend": 33.13831, "fair_value": 29.387305, "relative_strength": -4.26929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.839445, "energy": 76.92484, "activity_lines": [ 34.12316, 33.9905, 33.723519, 33.488353 ] }, { "date": "2026-01-30", "close": 34.265, "volume": 252622, "typical_volume": 38758.0, "trend": 33.21038, "fair_value": 29.445856, "relative_strength": -4.334091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.469171, "energy": 66.505712, "activity_lines": [ 34.18398, 34.067058, 33.79571, 33.561043 ] }, { "date": "2026-02-06", "close": 34.2561, "volume": 449342, "typical_volume": 59256.7, "trend": 33.28279, "fair_value": 29.504989, "relative_strength": -4.066014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.592026, "energy": 61.542484, "activity_lines": [ 34.221973, 34.121718, 33.860803, 33.628509 ] }, { "date": "2026-02-13", "close": 34.0503, "volume": 141071, "typical_volume": 64109.2, "trend": 33.345423, "fair_value": 29.563057, "relative_strength": -3.323488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.205374, "energy": 52.42591, "activity_lines": [ 34.173893, 34.12694, 33.900595, 33.678026 ] }, { "date": "2026-02-20", "close": 34.2571, "volume": 84818, "typical_volume": 67507.8, "trend": 33.407023, "fair_value": 29.62449, "relative_strength": -3.715246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.6131, "energy": 51.150469, "activity_lines": [ 34.19832, 34.163755, 33.955363, 33.736843 ] }, { "date": "2026-02-27", "close": 34.14, "volume": 108582, "typical_volume": 72143.1, "trend": 33.47532, "fair_value": 29.683456, "relative_strength": -3.447478, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.43125, "energy": 43.049027, "activity_lines": [ 34.1771, 34.169935, 33.99389, 33.784132 ] }, { "date": "2026-03-06", "close": 33.88, "volume": 46291, "typical_volume": 70344.55, "trend": 33.52324, "fair_value": 29.744531, "relative_strength": -2.115878, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.791404, "energy": 26.930524, "activity_lines": [ 34.072533, 34.123004, 34.001893, 33.810241 ] }, { "date": "2026-03-13", "close": 33.643, "volume": 38232, "typical_volume": 69991.5, "trend": 33.557547, "fair_value": 29.802073, "relative_strength": -1.174346, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.486593, "energy": 14.78313, "activity_lines": [ 33.914633, 34.034565, 33.983768, 33.817967 ] }, { "date": "2026-03-20", "close": 33.3475, "volume": 28104, "typical_volume": 70067.15, "trend": 33.579723, "fair_value": 29.856687, "relative_strength": -0.121518, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.337274, "energy": 21.974178, "activity_lines": [ 33.699107, 33.898782, 33.93618, 33.804416 ] }, { "date": "2026-03-27", "close": 33.0995, "volume": 42102, "typical_volume": 70972.9, "trend": 33.594153, "fair_value": 29.907383, "relative_strength": 1.512952, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.064298, "energy": 39.742005, "activity_lines": [ 33.447767, 33.73166, 33.865201, 33.773434 ] }, { "date": "2026-04-03", "close": 33.662, "volume": 38177, "typical_volume": 71816.05, "trend": 33.624683, "fair_value": 29.961044, "relative_strength": 0.068658, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.863187, "energy": 30.495195, "activity_lines": [ 33.4611, 33.686055, 33.848645, 33.777811 ] }, { "date": "2026-04-10", "close": 34.195, "volume": 32650, "typical_volume": 72907.25, "trend": 33.666097, "fair_value": 30.017482, "relative_strength": -1.663135, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.254516, "energy": 19.111555, "activity_lines": [ 33.683967, 33.746955, 33.881313, 33.814605 ] }, { "date": "2026-04-17", "close": 34.7898, "volume": 22535, "typical_volume": 73194.15, "trend": 33.723797, "fair_value": 30.077962, "relative_strength": -3.993283, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.396573, "energy": 28.946244, "activity_lines": [ 34.0841, 33.917273, 33.96565, 33.887102 ] }, { "date": "2026-04-24", "close": 34.8626, "volume": 118227, "typical_volume": 78185.65, "trend": 33.783907, "fair_value": 30.137848, "relative_strength": -4.064338, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.983567, "energy": 50.098686, "activity_lines": [ 34.432047, 34.091124, 34.051231, 33.960574 ] }, { "date": "2026-05-01", "close": 35.0, "volume": 2240207, "typical_volume": 189436.05, "trend": 33.844293, "fair_value": 30.199327, "relative_strength": -4.365769, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.295865, "energy": 77.270166, "activity_lines": [ 34.724787, 34.275187, 34.144456, 34.039031 ] }, { "date": "2026-05-08", "close": 35.185, "volume": 48153, "typical_volume": 191023.65, "trend": 33.919457, "fair_value": 30.262238, "relative_strength": -5.820648, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.308675, "energy": 85.212237, "activity_lines": [ 34.952493, 34.47938, 34.249316, 34.125528 ] }, { "date": "2026-05-15", "close": 35.2, "volume": 35265, "typical_volume": 192539.3, "trend": 33.988357, "fair_value": 30.323776, "relative_strength": -5.778814, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.831417, "energy": 84.972479, "activity_lines": [ 35.083667, 34.6673, 34.349099, 34.208144 ] }, { "date": "2026-05-22", "close": 35.365, "volume": 103791, "typical_volume": 197163.35, "trend": 34.054993, "fair_value": 30.38605, "relative_strength": -5.923046, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.379169, "energy": 86.195493, "activity_lines": [ 35.20284, 34.86122, 34.458725, 34.29696 ] }, { "date": "2026-05-29", "close": 35.5315, "volume": 32555, "typical_volume": 197866.6, "trend": 34.126197, "fair_value": 30.447873, "relative_strength": -6.602725, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.258662, "energy": 86.675054, "activity_lines": [ 35.339167, 35.054104, 34.57768, 34.392218 ] }, { "date": "2026-06-05", "close": 35.31, "volume": 50319, "typical_volume": 199458.45, "trend": 34.193923, "fair_value": 30.507811, "relative_strength": -4.613484, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.406987, "energy": 73.48996, "activity_lines": [ 35.357067, 35.167005, 34.668741, 34.468593 ] }, { "date": "2026-06-12", "close": 35.3946, "volume": 39039, "typical_volume": 197604.1, "trend": 34.262443, "fair_value": 30.566595, "relative_strength": -4.731061, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.69689, "energy": 65.519846, "activity_lines": [ 35.3825, 35.255098, 34.762373, 34.546056 ] }, { "date": "2026-06-19", "close": 35.5275, "volume": 35691, "typical_volume": 186757.55, "trend": 34.341707, "fair_value": 30.626914, "relative_strength": -5.044002, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.050032, "energy": 64.805722, "activity_lines": [ 35.43826, 35.335853, 34.862926, 34.627672 ] }, { "date": "2026-06-26", "close": 35.35, "volume": 43395, "typical_volume": 166460.2, "trend": 34.400207, "fair_value": 30.684369, "relative_strength": -3.072248, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.995225, "energy": 55.987042, "activity_lines": [ 35.41302, 35.360107, 34.940561, 34.692723 ] }, { "date": "2026-07-03", "close": 35.53, "volume": 41149, "typical_volume": 161464.1, "trend": 34.460543, "fair_value": 30.743579, "relative_strength": -4.489964, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.894477, "energy": 59.154914, "activity_lines": [ 35.44878, 35.406904, 35.030131, 34.765613 ] }, { "date": "2026-07-10", "close": 35.75, "volume": 36240, "typical_volume": 159035.2, "trend": 34.527437, "fair_value": 30.802567, "relative_strength": -5.022675, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.438928, "energy": 80.075595, "activity_lines": [ 35.557973, 35.481565, 35.133607, 34.848804 ] }, { "date": "2026-07-17", "close": 35.6233, "volume": 25690, "typical_volume": 154890.6, "trend": 34.587583, "fair_value": 30.86029, "relative_strength": -3.729739, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.244125, "energy": 77.860077, "activity_lines": [ 35.5956, 35.519555, 35.217907, 34.919505 ] }, { "date": "2026-07-24", "close": 35.595, "volume": 33817, "typical_volume": 154266.9, "trend": 34.641847, "fair_value": 30.917381, "relative_strength": -3.116592, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.564822, "energy": 75.297102, "activity_lines": [ 35.608547, 35.544429, 35.292448, 34.9845 ] }, { "date": "2026-07-31", "close": 35.75, "volume": 39802, "typical_volume": 154345.4, "trend": 34.70038, "fair_value": 30.976969, "relative_strength": -3.588282, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.326652, "energy": 72.504362, "activity_lines": [ 35.66866, 35.590304, 35.373585, 35.055993 ] }, { "date": "2026-08-07", "close": 36.1058, "volume": 49919, "typical_volume": 155436.15, "trend": 34.76711, "fair_value": 31.038456, "relative_strength": -5.756985, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.301203, "energy": 73.876894, "activity_lines": [ 35.820707, 35.693869, 35.478574, 35.146666 ] } ], "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." } } }