{ "ticker": { "uuid": "774b65c7-40c8-469c-980d-7c5907ed706f", "symbol": "DWAW", "name": "ADVISORSHARES DORSEY WRIGHT FSM ALL CAP WORLD ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.064, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 57.858, "architecture_energy": 37.736, "architecture_maturity": 59.801, "architecture_confidence": 81.961, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 28.25, "rotation_up": 37.16, "upward_expansion": 60.18, "deceleration": 87.98, "rotation_down": 27.37, "downward_expansion": 21.51 }, "activity_lines": [ 50.25868, 50.310905, 49.791744, 48.664644 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 51.1633, "trend_reference": 47.392863, "distance_from_trend": 0.079557, "trend_direction": "Improving", "fair_value": 39.773142, "distance_from_fair_value": 0.286378, "fair_value_direction": "Weakening", "relative_strength": -1.65908, "relative_strength_direction": "Improving", "price_momentum": 0.120145, "excess_performance": -0.067309, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079557, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048553, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.286378, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.005158, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.016591, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.035728, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.120145, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.153439, "read": "Demand-led" } ], "volume": { "latest": 7406, "relative_activity": 0.776632, "balance": 1.153439, "dry_up": 0.382417, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.026948, "annualized_volatility": 0.178612, "from_high_reference": -0.014533, "from_low_reference": 0.250358 }, "levels": { "trend_reference": 47.392863, "fair_value_reference": 39.773142, "structural_low": 41.33, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.031041, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.008821, "regime_survival": 0.3, "best_return": 0.063072, "worst_return": -0.015494, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.053911, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.013919, "regime_survival": 0.0, "best_return": 0.131231, "worst_return": -0.111461, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.068805, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.055291, "regime_survival": 0.0, "best_return": 0.165081, "worst_return": -0.041663, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.038322, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.256316, "regime_survival": 0.0, "best_return": 0.043503, "worst_return": 0.033142, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-10-04", "tenure": "Developing", "return": 0.074725, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-01-03", "tenure": "Established", "return": 0.026737, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.046104, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.049728, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.126162, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.125578, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.0145, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-25", "tenure": "Developing", "return": 0.027032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-21", "tenure": "Established", "return": 0.021218, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.004761, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-20", "tenure": "Established", "return": -0.046004, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.120228, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.053222, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.030654, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 29.652637, "volume": 13259, "typical_volume": 29543.15, "trend": 30.686759, "fair_value": 32.712211, "relative_strength": -16.528431, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -17.732287, "energy": 13.737815, "activity_lines": [ 30.502385, 30.754636, 30.543429, 30.468531 ] }, { "date": "2023-08-25", "close": 29.951469, "volume": 13695, "typical_volume": 29078.7, "trend": 30.586563, "fair_value": 32.707512, "relative_strength": -16.760081, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.609024, "energy": 24.791172, "activity_lines": [ 30.194204, 30.599966, 30.504177, 30.421093 ] }, { "date": "2023-09-01", "close": 31.015239, "volume": 12494, "typical_volume": 28530.05, "trend": 30.503862, "fair_value": 32.716517, "relative_strength": -16.586348, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.377477, "energy": 16.01705, "activity_lines": [ 30.35602, 30.657484, 30.566561, 30.448749 ] }, { "date": "2023-09-08", "close": 30.632087, "volume": 13726, "typical_volume": 28342.2, "trend": 30.435465, "fair_value": 32.730071, "relative_strength": -16.19604, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.023588, "energy": 17.947278, "activity_lines": [ 30.448351, 30.628203, 30.589062, 30.457022 ] }, { "date": "2023-09-15", "close": 30.419918, "volume": 14233, "typical_volume": 28016.9, "trend": 30.356713, "fair_value": 32.742577, "relative_strength": -16.045649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.554789, "energy": 7.708921, "activity_lines": [ 30.481949, 30.564472, 30.589463, 30.456019 ] }, { "date": "2023-09-22", "close": 29.489071, "volume": 24397, "typical_volume": 28010.0, "trend": 30.281869, "fair_value": 32.744958, "relative_strength": -15.490567, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.195052, "energy": 14.435647, "activity_lines": [ 30.200216, 30.32869, 30.501361, 30.400042 ] }, { "date": "2023-09-29", "close": 29.541576, "volume": 16607, "typical_volume": 27703.5, "trend": 30.198527, "fair_value": 32.744642, "relative_strength": -15.090559, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.687912, "energy": 33.177149, "activity_lines": [ 29.946889, 30.138288, 30.418214, 30.352281 ] }, { "date": "2023-10-06", "close": 29.844116, "volume": 210420, "typical_volume": 37970.55, "trend": 30.203482, "fair_value": 32.73743, "relative_strength": -15.362639, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.55819, "energy": 39.235063, "activity_lines": [ 29.821735, 30.041821, 30.362602, 30.329416 ] }, { "date": "2023-10-13", "close": 29.863635, "volume": 40422, "typical_volume": 39714.15, "trend": 30.241644, "fair_value": 32.727861, "relative_strength": -15.017874, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.303153, "energy": 43.43489, "activity_lines": [ 29.781162, 29.986078, 30.308478, 30.30749 ] }, { "date": "2023-10-20", "close": 28.956015, "volume": 564675, "typical_volume": 66166.05, "trend": 30.245223, "fair_value": 32.714351, "relative_strength": -14.72224, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.085804, "energy": 63.352286, "activity_lines": [ 29.489279, 29.782554, 30.16703, 30.224546 ] }, { "date": "2023-10-27", "close": 28.175266, "volume": 42997, "typical_volume": 66609.45, "trend": 30.172027, "fair_value": 32.707809, "relative_strength": -14.329759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.329058, "energy": 72.645755, "activity_lines": [ 29.03474, 29.462316, 29.956268, 30.091001 ] }, { "date": "2023-11-03", "close": 29.912432, "volume": 56926, "typical_volume": 66379.75, "trend": 30.168449, "fair_value": 32.69457, "relative_strength": -14.029629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.30065, "energy": 50.295119, "activity_lines": [ 29.246844, 29.484787, 29.919786, 30.074253 ] }, { "date": "2023-11-10", "close": 30.449196, "volume": 17486, "typical_volume": 66245.65, "trend": 30.173329, "fair_value": 32.686264, "relative_strength": -14.457155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.738396, "energy": 24.36017, "activity_lines": [ 29.613145, 29.605562, 29.939527, 30.092365 ] }, { "date": "2023-11-17", "close": 31.210426, "volume": 13359, "typical_volume": 66433.05, "trend": 30.20586, "fair_value": 32.678491, "relative_strength": -13.549198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.279714, "energy": 9.478519, "activity_lines": [ 30.19285, 29.875034, 30.029974, 30.159275 ] }, { "date": "2023-11-24", "close": 31.503207, "volume": 22805, "typical_volume": 67089.3, "trend": 30.240928, "fair_value": 32.668124, "relative_strength": -12.974066, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.328123, "energy": 39.851483, "activity_lines": [ 30.780364, 30.187223, 30.146632, 30.242975 ] }, { "date": "2023-12-01", "close": 31.76671, "volume": 18001, "typical_volume": 67444.45, "trend": 30.317165, "fair_value": 32.655466, "relative_strength": -11.831449, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.861568, "energy": 60.967514, "activity_lines": [ 31.285899, 30.527626, 30.282491, 30.341412 ] }, { "date": "2023-12-08", "close": 31.825266, "volume": 34157, "typical_volume": 62773.45, "trend": 30.402234, "fair_value": 32.640021, "relative_strength": -11.64638, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.62921, "energy": 76.315563, "activity_lines": [ 31.571523, 30.837264, 30.422467, 30.438709 ] }, { "date": "2023-12-15", "close": 33.201335, "volume": 66833, "typical_volume": 63159.05, "trend": 30.516744, "fair_value": 32.623211, "relative_strength": -10.270439, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.875089, "energy": 90.000195, "activity_lines": [ 32.188314, 31.355575, 30.692817, 30.619296 ] }, { "date": "2023-12-22", "close": 33.499874, "volume": 19611, "typical_volume": 62077.45, "trend": 30.644133, "fair_value": 32.604215, "relative_strength": -9.711072, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.926762, "energy": 94.301869, "activity_lines": [ 32.721142, 31.867125, 30.985349, 30.811756 ] }, { "date": "2023-12-29", "close": 33.630816, "volume": 78472, "typical_volume": 64728.75, "trend": 30.764663, "fair_value": 32.591788, "relative_strength": -9.036703, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.324448, "energy": 92.618916, "activity_lines": [ 33.144988, 32.336369, 31.277553, 31.004446 ] }, { "date": "2024-01-05", "close": 32.62794, "volume": 65565, "typical_volume": 67344.05, "trend": 30.851238, "fair_value": 32.562372, "relative_strength": -8.203609, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.683716, "energy": 86.390192, "activity_lines": [ 33.092701, 32.538276, 31.458593, 31.124657 ] }, { "date": "2024-01-12", "close": 33.498124, "volume": 22208, "typical_volume": 67769.7, "trend": 30.935038, "fair_value": 32.538943, "relative_strength": -8.027937, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.122281, "energy": 82.341685, "activity_lines": [ 33.273061, 32.81744, 31.70834, 31.295424 ] }, { "date": "2024-01-19", "close": 34.251199, "volume": 4790, "typical_volume": 67384.5, "trend": 31.074319, "fair_value": 32.513816, "relative_strength": -7.905137, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.079679, "energy": 75.391715, "activity_lines": [ 33.592921, 33.168333, 32.01292, 31.50937 ] }, { "date": "2024-01-26", "close": 34.428253, "volume": 19862, "typical_volume": 67691.3, "trend": 31.193291, "fair_value": 32.502053, "relative_strength": -7.382744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.971359, "energy": 72.553209, "activity_lines": [ 33.901809, 33.48229, 32.318952, 31.725752 ] }, { "date": "2024-02-02", "close": 34.805386, "volume": 13498, "typical_volume": 67654.55, "trend": 31.34462, "fair_value": 32.476455, "relative_strength": -6.910685, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.249204, "energy": 91.205175, "activity_lines": [ 34.274515, 33.80631, 32.642826, 31.958791 ] }, { "date": "2024-02-09", "close": 35.668821, "volume": 10863, "typical_volume": 66977.85, "trend": 31.484915, "fair_value": 32.450413, "relative_strength": -5.770078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.492221, "energy": 94.674641, "activity_lines": [ 34.856729, 34.227279, 33.028047, 32.237772 ] }, { "date": "2024-02-16", "close": 35.271839, "volume": 18219, "typical_volume": 67058.45, "trend": 31.604556, "fair_value": 32.426772, "relative_strength": -4.83143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.481993, "energy": 89.265403, "activity_lines": [ 35.103889, 34.505123, 33.346034, 32.482089 ] }, { "date": "2024-02-23", "close": 35.781167, "volume": 9919, "typical_volume": 57033.4, "trend": 31.734305, "fair_value": 32.421076, "relative_strength": -4.240078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.077379, "energy": 84.39204, "activity_lines": [ 35.402579, 34.812906, 33.685241, 32.751548 ] }, { "date": "2024-03-01", "close": 36.740871, "volume": 14250, "typical_volume": 55724.8, "trend": 31.931936, "fair_value": 32.435606, "relative_strength": -3.070839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.489132, "energy": 74.333031, "activity_lines": [ 35.919171, 35.248275, 34.087577, 33.074552 ] }, { "date": "2024-03-08", "close": 36.416834, "volume": 2683, "typical_volume": 27625.2, "trend": 32.134358, "fair_value": 32.437955, "relative_strength": -2.025675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.800858, "energy": 69.197507, "activity_lines": [ 36.173577, 35.565801, 34.426303, 33.363901 ] }, { "date": "2024-03-15", "close": 35.847463, "volume": 9662, "typical_volume": 25958.45, "trend": 32.340852, "fair_value": 32.441211, "relative_strength": -2.155394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.337221, "energy": 66.229954, "activity_lines": [ 36.130762, 35.72915, 34.675276, 33.603456 ] }, { "date": "2024-03-22", "close": 36.968937, "volume": 5503, "typical_volume": 23387.3, "trend": 32.574767, "fair_value": 32.454321, "relative_strength": -1.802786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.004039, "energy": 69.963509, "activity_lines": [ 36.449863, 36.037866, 34.994522, 33.902042 ] }, { "date": "2024-03-29", "close": 36.750597, "volume": 2851, "typical_volume": 22655.55, "trend": 32.765946, "fair_value": 32.46136, "relative_strength": -1.581274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.333745, "energy": 65.387871, "activity_lines": [ 36.583044, 36.243779, 35.259371, 34.17145 ] }, { "date": "2024-04-05", "close": 36.68579, "volume": 1878, "typical_volume": 22081.5, "trend": 32.967736, "fair_value": 32.465341, "relative_strength": -0.698932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.891804, "energy": 62.479011, "activity_lines": [ 36.629994, 36.392465, 35.488041, 34.424343 ] }, { "date": "2024-04-12", "close": 36.182516, "volume": 8269, "typical_volume": 21354.7, "trend": 33.159823, "fair_value": 32.462492, "relative_strength": -1.270812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.465072, "energy": 57.949941, "activity_lines": [ 36.512858, 36.408601, 35.642707, 34.631749 ] }, { "date": "2024-04-19", "close": 34.150366, "volume": 4680, "typical_volume": 20688.65, "trend": 33.315199, "fair_value": 32.444579, "relative_strength": -1.194781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.092527, "energy": 26.797512, "activity_lines": [ 35.73396, 36.030216, 35.581553, 34.695655 ] }, { "date": "2024-04-26", "close": 35.440557, "volume": 5094, "typical_volume": 19235.5, "trend": 33.511832, "fair_value": 32.43673, "relative_strength": -1.059438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.601612, "energy": 24.010271, "activity_lines": [ 35.498265, 35.914019, 35.631923, 34.832775 ] }, { "date": "2024-05-03", "close": 35.676562, "volume": 9548, "typical_volume": 16371.25, "trend": 33.706247, "fair_value": 32.434784, "relative_strength": -1.196969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.03062, "energy": 24.227225, "activity_lines": [ 35.443131, 35.837665, 35.687554, 34.972435 ] }, { "date": "2024-05-10", "close": 36.373861, "volume": 5077, "typical_volume": 15644.55, "trend": 33.923254, "fair_value": 32.43853, "relative_strength": -0.572015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.832206, "energy": 25.568025, "activity_lines": [ 35.692031, 35.889994, 35.797808, 35.144539 ] }, { "date": "2024-05-17", "close": 36.93033, "volume": 2104, "typical_volume": 11826.15, "trend": 34.189065, "fair_value": 32.447917, "relative_strength": -1.050656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.25289, "energy": 39.403571, "activity_lines": [ 36.147217, 36.050173, 35.947373, 35.338544 ] }, { "date": "2024-05-24", "close": 37.483128, "volume": 6699, "typical_volume": 8882.85, "trend": 34.499327, "fair_value": 32.459062, "relative_strength": -0.836937, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.604794, "energy": 62.446039, "activity_lines": [ 36.736815, 36.301524, 36.133874, 35.551064 ] }, { "date": "2024-05-31", "close": 36.799128, "volume": 5110, "typical_volume": 8027.95, "trend": 34.728883, "fair_value": 32.462893, "relative_strength": -1.000771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.184046, "energy": 64.828056, "activity_lines": [ 36.876228, 36.398772, 36.232112, 35.699438 ] }, { "date": "2024-06-07", "close": 37.544561, "volume": 8811, "typical_volume": 8229.0, "trend": 34.965395, "fair_value": 32.473773, "relative_strength": -1.572009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.044304, "energy": 74.694436, "activity_lines": [ 37.173548, 36.63464, 36.385624, 35.881095 ] }, { "date": "2024-06-14", "close": 38.685883, "volume": 2218, "typical_volume": 7346.8, "trend": 35.214577, "fair_value": 32.502796, "relative_strength": -1.922432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.884646, "energy": 84.534517, "activity_lines": [ 37.726775, 37.063586, 36.632151, 36.121126 ] }, { "date": "2024-06-21", "close": 38.824827, "volume": 12475, "typical_volume": 7295.65, "trend": 35.458631, "fair_value": 32.525054, "relative_strength": -1.714931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.495371, "energy": 85.789191, "activity_lines": [ 38.172182, 37.48143, 36.871637, 36.354045 ] }, { "date": "2024-06-28", "close": 38.745431, "volume": 2592, "typical_volume": 6882.1, "trend": 35.691255, "fair_value": 32.546976, "relative_strength": -1.780271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.806824, "energy": 84.750316, "activity_lines": [ 38.464824, 37.836795, 37.08442, 36.566097 ] }, { "date": "2024-07-05", "close": 39.837131, "volume": 11650, "typical_volume": 6553.65, "trend": 35.958318, "fair_value": 32.577679, "relative_strength": -2.416622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.07836, "energy": 92.547419, "activity_lines": [ 39.037212, 38.307105, 37.386525, 36.833573 ] }, { "date": "2024-07-12", "close": 39.840902, "volume": 7226, "typical_volume": 6419.0, "trend": 36.179636, "fair_value": 32.614101, "relative_strength": -2.073309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.346832, "energy": 89.734065, "activity_lines": [ 39.408324, 38.698163, 37.667249, 37.084062 ] }, { "date": "2024-07-19", "close": 38.209505, "volume": 5410, "typical_volume": 5977.0, "trend": 36.336624, "fair_value": 32.637681, "relative_strength": -2.110154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.220589, "energy": 62.481242, "activity_lines": [ 39.082548, 38.716888, 37.77327, 37.215021 ] }, { "date": "2024-07-26", "close": 37.56441, "volume": 5765, "typical_volume": 6131.1, "trend": 36.467744, "fair_value": 32.655222, "relative_strength": -1.152295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.816808, "energy": 44.783275, "activity_lines": [ 38.573498, 38.584947, 37.81086, 37.294233 ] }, { "date": "2024-08-02", "close": 36.075728, "volume": 11696, "typical_volume": 6232.8, "trend": 36.58267, "fair_value": 32.662785, "relative_strength": -1.992631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.429175, "energy": 16.893852, "activity_lines": [ 37.652249, 38.170809, 37.701206, 37.268942 ] }, { "date": "2024-08-09", "close": 36.12535, "volume": 35110, "typical_volume": 7713.15, "trend": 36.670244, "fair_value": 32.670109, "relative_strength": -2.145669, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.083872, "energy": 25.177274, "activity_lines": [ 36.92552, 37.791281, 37.595191, 37.239438 ] }, { "date": "2024-08-16", "close": 37.489281, "volume": 11831, "typical_volume": 8162.15, "trend": 36.77818, "fair_value": 32.687659, "relative_strength": -3.6136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.774814, "energy": 28.215077, "activity_lines": [ 36.900888, 37.671992, 37.623092, 37.292279 ] }, { "date": "2024-08-23", "close": 38.00109, "volume": 3130, "typical_volume": 8224.75, "trend": 36.897275, "fair_value": 32.703238, "relative_strength": -3.225735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.712105, "energy": 22.428283, "activity_lines": [ 37.203633, 37.646764, 37.696218, 37.371176 ] }, { "date": "2024-08-30", "close": 38.090411, "volume": 6125, "typical_volume": 8117.55, "trend": 37.006776, "fair_value": 32.716949, "relative_strength": -2.175797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.382195, "energy": 13.211595, "activity_lines": [ 37.550046, 37.650226, 37.771588, 37.448153 ] }, { "date": "2024-09-06", "close": 36.52134, "volume": 5106, "typical_volume": 8138.85, "trend": 37.035193, "fair_value": 32.724527, "relative_strength": -0.407644, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.594109, "energy": 4.568393, "activity_lines": [ 37.338368, 37.381757, 37.688437, 37.416834 ] }, { "date": "2024-09-13", "close": 38.001288, "volume": 19598, "typical_volume": 8864.05, "trend": 37.126175, "fair_value": 32.743102, "relative_strength": -2.120612, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.320885, "energy": 18.871093, "activity_lines": [ 37.5903, 37.422806, 37.734944, 37.479163 ] }, { "date": "2024-09-20", "close": 38.507242, "volume": 19344, "typical_volume": 9353.85, "trend": 37.217044, "fair_value": 32.762731, "relative_strength": -2.20749, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.295129, "energy": 24.349538, "activity_lines": [ 37.88582, 37.589227, 37.817442, 37.568264 ] }, { "date": "2024-09-27", "close": 38.804978, "volume": 2967, "typical_volume": 9248.35, "trend": 37.285848, "fair_value": 32.791319, "relative_strength": -2.384904, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.870853, "energy": 36.357708, "activity_lines": [ 38.212721, 37.834029, 37.914817, 37.670711 ] }, { "date": "2024-10-04", "close": 38.824827, "volume": 10439, "typical_volume": 9665.1, "trend": 37.366114, "fair_value": 32.818992, "relative_strength": -2.38664, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.217822, "energy": 54.141698, "activity_lines": [ 38.492646, 38.071614, 38.002506, 37.77 ] }, { "date": "2024-10-11", "close": 39.331376, "volume": 17176, "typical_volume": 10188.95, "trend": 37.482244, "fair_value": 32.845927, "relative_strength": -2.263975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.833267, "energy": 65.09118, "activity_lines": [ 38.89246, 38.378381, 38.129416, 37.896791 ] }, { "date": "2024-10-18", "close": 39.608866, "volume": 8108, "typical_volume": 10338.85, "trend": 37.570242, "fair_value": 32.868455, "relative_strength": -1.746416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.889833, "energy": 73.261922, "activity_lines": [ 39.197434, 38.676408, 38.273952, 38.033993 ] }, { "date": "2024-10-25", "close": 39.238581, "volume": 1288, "typical_volume": 9962.7, "trend": 37.653175, "fair_value": 32.885504, "relative_strength": -2.764679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.931721, "energy": 69.966588, "activity_lines": [ 39.271809, 38.843774, 38.369843, 38.141628 ] }, { "date": "2024-11-01", "close": 38.76528, "volume": 2938, "typical_volume": 9998.7, "trend": 37.722491, "fair_value": 32.894661, "relative_strength": -2.327833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.955733, "energy": 64.513041, "activity_lines": [ 39.13966, 38.893279, 38.412592, 38.213376 ] }, { "date": "2024-11-08", "close": 40.866108, "volume": 4897, "typical_volume": 9619.8, "trend": 37.878611, "fair_value": 32.917482, "relative_strength": -2.348321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.082932, "energy": 78.453689, "activity_lines": [ 39.710434, 39.310859, 38.655041, 38.41619 ] }, { "date": "2024-11-15", "close": 40.154716, "volume": 8290, "typical_volume": 9904.7, "trend": 38.078756, "fair_value": 32.931317, "relative_strength": -0.640587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.742399, "energy": 71.117318, "activity_lines": [ 39.907992, 39.548628, 38.820018, 38.563036 ] }, { "date": "2024-11-22", "close": 41.363328, "volume": 2330, "typical_volume": 9438.7, "trend": 38.276182, "fair_value": 32.962047, "relative_strength": 0.476057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.579485, "energy": 84.126409, "activity_lines": [ 40.453531, 39.940083, 39.09339, 38.774944 ] }, { "date": "2024-11-29", "close": 41.746614, "volume": 3036, "typical_volume": 9229.2, "trend": 38.478517, "fair_value": 33.001363, "relative_strength": 0.624277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.391747, "energy": 91.688539, "activity_lines": [ 41.009868, 40.340098, 39.395998, 38.998842 ] }, { "date": "2024-12-06", "close": 42.19699, "volume": 3325, "typical_volume": 9124.95, "trend": 38.672621, "fair_value": 33.036947, "relative_strength": -1.487863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.821167, "energy": 93.482835, "activity_lines": [ 41.549129, 40.763102, 39.732424, 39.238744 ] }, { "date": "2024-12-13", "close": 41.464757, "volume": 2203, "typical_volume": 8946.85, "trend": 38.823769, "fair_value": 33.074567, "relative_strength": -3.838256, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.138952, "energy": 87.864427, "activity_lines": [ 41.615531, 40.9913, 39.980126, 39.418882 ] }, { "date": "2024-12-20", "close": 40.441139, "volume": 4434, "typical_volume": 8583.75, "trend": 38.922369, "fair_value": 33.0997, "relative_strength": -3.964459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.256283, "energy": 73.744719, "activity_lines": [ 41.300817, 40.985387, 40.111767, 39.523228 ] }, { "date": "2024-12-27", "close": 40.474783, "volume": 2858, "typical_volume": 6971.15, "trend": 39.044891, "fair_value": 33.123202, "relative_strength": -4.637699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.266151, "energy": 50.4374, "activity_lines": [ 40.978222, 40.965413, 40.225824, 39.623384 ] }, { "date": "2025-01-03", "close": 40.382981, "volume": 1286, "typical_volume": 6443.9, "trend": 39.139505, "fair_value": 33.15881, "relative_strength": -4.013466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.56904, "energy": 29.906088, "activity_lines": [ 40.684264, 40.913004, 40.310427, 39.709712 ] }, { "date": "2025-01-10", "close": 39.608866, "volume": 8783, "typical_volume": 6726.55, "trend": 39.170271, "fair_value": 33.190889, "relative_strength": -3.643721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.268719, "energy": 27.126741, "activity_lines": [ 40.223176, 40.69904, 40.307526, 39.739994 ] }, { "date": "2025-01-17", "close": 40.978454, "volume": 3128, "typical_volume": 6576.7, "trend": 39.242058, "fair_value": 33.250057, "relative_strength": -3.016909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.259208, "energy": 25.089574, "activity_lines": [ 40.391159, 40.718754, 40.427405, 39.856651 ] }, { "date": "2025-01-24", "close": 41.683097, "volume": 12707, "typical_volume": 6956.75, "trend": 39.339981, "fair_value": 33.314764, "relative_strength": -2.749249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.676848, "energy": 30.674296, "activity_lines": [ 40.826443, 40.864542, 40.60064, 40.014137 ] }, { "date": "2025-01-31", "close": 41.434983, "volume": 9163, "typical_volume": 6435.0, "trend": 39.393242, "fair_value": 33.372631, "relative_strength": -1.916469, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.785081, "energy": 38.352014, "activity_lines": [ 41.096225, 40.937429, 40.725666, 40.149299 ] }, { "date": "2025-02-07", "close": 41.911361, "volume": 13411, "typical_volume": 6138.35, "trend": 39.462258, "fair_value": 33.432578, "relative_strength": -0.862419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.68118, "energy": 62.715404, "activity_lines": [ 41.460787, 41.095628, 40.87971, 40.311758 ] }, { "date": "2025-02-14", "close": 41.951059, "volume": 22041, "typical_volume": 7092.05, "trend": 39.586976, "fair_value": 33.495828, "relative_strength": -3.474651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.796285, "energy": 72.751586, "activity_lines": [ 41.736689, 41.25805, 41.021325, 40.472326 ] }, { "date": "2025-02-21", "close": 40.153128, "volume": 5757, "typical_volume": 6857.95, "trend": 39.673267, "fair_value": 33.54637, "relative_strength": -5.354778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.421931, "energy": 34.301679, "activity_lines": [ 41.257135, 41.098046, 40.976726, 40.508852 ] }, { "date": "2025-02-28", "close": 39.827206, "volume": 5865, "typical_volume": 6292.4, "trend": 39.798316, "fair_value": 33.596429, "relative_strength": -2.708472, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.833912, "energy": 10.277204, "activity_lines": [ 40.723962, 40.902632, 40.894763, 40.518783 ] }, { "date": "2025-03-07", "close": 37.767764, "volume": 18666, "typical_volume": 6820.3, "trend": 39.853063, "fair_value": 33.637779, "relative_strength": -4.514962, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -39.942552, "energy": 36.474937, "activity_lines": [ 39.628034, 40.343936, 40.614301, 40.38778 ] }, { "date": "2025-03-14", "close": 36.940652, "volume": 16033, "typical_volume": 7557.55, "trend": 39.834775, "fair_value": 33.664485, "relative_strength": -4.104659, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.392484, "energy": 50.801807, "activity_lines": [ 38.500883, 39.684074, 40.263833, 40.199882 ] }, { "date": "2025-03-21", "close": 37.481639, "volume": 7470, "typical_volume": 7784.15, "trend": 39.81746, "fair_value": 33.691493, "relative_strength": -2.816876, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.156027, "energy": 74.454783, "activity_lines": [ 37.885442, 39.185162, 39.975831, 40.048067 ] }, { "date": "2025-03-28", "close": 36.664353, "volume": 4662, "typical_volume": 7772.4, "trend": 39.769925, "fair_value": 33.714075, "relative_strength": -2.546861, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.53209, "energy": 78.904577, "activity_lines": [ 37.295534, 38.576329, 39.616105, 39.844641 ] }, { "date": "2025-04-04", "close": 33.002889, "volume": 16387, "typical_volume": 8177.25, "trend": 39.652643, "fair_value": 33.713737, "relative_strength": -2.542639, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -95.205156, "energy": 96.887959, "activity_lines": [ 35.717723, 37.380214, 38.927676, 39.408058 ] }, { "date": "2025-04-11", "close": 35.194031, "volume": 13351, "typical_volume": 8728.3, "trend": 39.559068, "fair_value": 33.727761, "relative_strength": -3.199021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.156245, "energy": 84.271412, "activity_lines": [ 35.325247, 36.74031, 38.481983, 39.120405 ] }, { "date": "2025-04-18", "close": 35.150363, "volume": 10466, "typical_volume": 9099.8, "trend": 39.447172, "fair_value": 33.746207, "relative_strength": -0.988517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.157047, "energy": 78.192043, "activity_lines": [ 35.089797, 36.205938, 38.061509, 38.835973 ] }, { "date": "2025-04-25", "close": 36.982335, "volume": 4057, "typical_volume": 9136.4, "trend": 39.386418, "fair_value": 33.78302, "relative_strength": -1.996625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.921759, "energy": 56.618662, "activity_lines": [ 35.584357, 36.127579, 37.84692, 38.676951 ] }, { "date": "2025-05-02", "close": 38.438961, "volume": 8322, "typical_volume": 9442.35, "trend": 39.373555, "fair_value": 33.826486, "relative_strength": -1.437025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.758001, "energy": 33.143073, "activity_lines": [ 36.597746, 36.404402, 37.795888, 38.615825 ] }, { "date": "2025-05-09", "close": 38.242157, "volume": 6035, "typical_volume": 9522.4, "trend": 39.337248, "fair_value": 33.871499, "relative_strength": -1.664244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.89406, "energy": 23.91676, "activity_lines": [ 37.427226, 36.676609, 37.740522, 38.542831 ] }, { "date": "2025-05-16", "close": 39.61363, "volume": 10530, "typical_volume": 9906.0, "trend": 39.337407, "fair_value": 33.930407, "relative_strength": -4.543977, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.473147, "energy": 22.912665, "activity_lines": [ 38.36458, 37.226993, 37.826244, 38.560662 ] }, { "date": "2025-05-23", "close": 39.698187, "volume": 27081, "typical_volume": 11195.75, "trend": 39.352727, "fair_value": 33.979029, "relative_strength": -1.931248, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.90118, "energy": 24.826998, "activity_lines": [ 39.035479, 37.759191, 37.924119, 38.583939 ] }, { "date": "2025-05-30", "close": 40.273811, "volume": 6351, "typical_volume": 11074.15, "trend": 39.403011, "fair_value": 34.034763, "relative_strength": -2.293093, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.313769, "energy": 33.532825, "activity_lines": [ 39.595065, 38.34591, 38.080077, 38.643363 ] }, { "date": "2025-06-06", "close": 40.329885, "volume": 17258, "typical_volume": 11780.65, "trend": 39.385137, "fair_value": 34.098822, "relative_strength": -4.025512, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.362668, "energy": 40.874804, "activity_lines": [ 39.95391, 38.892058, 38.238208, 38.703162 ] }, { "date": "2025-06-13", "close": 40.023415, "volume": 57339, "typical_volume": 14012.25, "trend": 39.380761, "fair_value": 34.173674, "relative_strength": -4.097237, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.985646, "energy": 49.964382, "activity_lines": [ 40.084537, 39.315838, 38.370241, 38.744341 ] }, { "date": "2025-06-20", "close": 39.886059, "volume": 14481, "typical_volume": 14278.15, "trend": 39.331518, "fair_value": 34.238461, "relative_strength": -4.27176, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.142515, "energy": 44.347043, "activity_lines": [ 40.050628, 39.586998, 38.497095, 38.776941 ] }, { "date": "2025-06-27", "close": 40.819661, "volume": 60987, "typical_volume": 16656.95, "trend": 39.30062, "fair_value": 34.308024, "relative_strength": -5.779162, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.548748, "energy": 44.365616, "activity_lines": [ 40.309758, 39.942595, 38.720239, 38.87295 ] }, { "date": "2025-07-04", "close": 41.216643, "volume": 12937, "typical_volume": 16201.75, "trend": 39.267942, "fair_value": 34.382186, "relative_strength": -6.101781, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.38443, "energy": 54.386831, "activity_lines": [ 40.62645, 40.267292, 38.98639, 38.996564 ] }, { "date": "2025-07-11", "close": 40.814699, "volume": 13908, "typical_volume": 16609.3, "trend": 39.246273, "fair_value": 34.4557, "relative_strength": -6.511824, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.331188, "energy": 64.584957, "activity_lines": [ 40.746306, 40.44192, 39.217758, 39.096355 ] }, { "date": "2025-07-18", "close": 41.023114, "volume": 5947, "typical_volume": 16613.4, "trend": 39.265672, "fair_value": 34.528875, "relative_strength": -7.040363, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.485253, "energy": 69.175636, "activity_lines": [ 40.903312, 40.611247, 39.465824, 39.21099 ] }, { "date": "2025-07-25", "close": 41.420096, "volume": 6486, "typical_volume": 16004.4, "trend": 39.297183, "fair_value": 34.597931, "relative_strength": -6.794809, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.53075, "energy": 88.48922, "activity_lines": [ 41.125999, 40.80219, 39.746004, 39.349985 ] }, { "date": "2025-08-01", "close": 40.940641, "volume": 8957, "typical_volume": 15650.6, "trend": 39.315771, "fair_value": 34.665283, "relative_strength": -5.636112, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.45086, "energy": 83.735385, "activity_lines": [ 41.086598, 40.873115, 39.963129, 39.456015 ] }, { "date": "2025-08-08", "close": 41.856975, "volume": 7069, "typical_volume": 15630.55, "trend": 39.390708, "fair_value": 34.729237, "relative_strength": -6.816404, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.350555, "energy": 89.671014, "activity_lines": [ 41.344577, 41.088055, 40.248476, 39.619963 ] }, { "date": "2025-08-15", "close": 41.86422, "volume": 11976, "typical_volume": 15996.25, "trend": 39.420234, "fair_value": 34.796162, "relative_strength": -7.09417, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.152623, "energy": 90.108463, "activity_lines": [ 41.562282, 41.275528, 40.513678, 39.779545 ] }, { "date": "2025-08-22", "close": 41.595463, "volume": 2615, "typical_volume": 15307.65, "trend": 39.417313, "fair_value": 34.866467, "relative_strength": -6.665552, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.414333, "energy": 74.650695, "activity_lines": [ 41.620433, 41.386239, 40.728524, 39.919882 ] }, { "date": "2025-08-29", "close": 41.538992, "volume": 6643, "typical_volume": 14972.25, "trend": 39.42078, "fair_value": 34.941948, "relative_strength": -6.360104, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.958393, "energy": 63.8421, "activity_lines": [ 41.621604, 41.4581, 40.897074, 40.056765 ] }, { "date": "2025-09-05", "close": 41.599532, "volume": 6765, "typical_volume": 14787.2, "trend": 39.410385, "fair_value": 35.010537, "relative_strength": -6.923245, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.094345, "energy": 59.829074, "activity_lines": [ 41.635029, 41.510915, 41.041175, 40.197329 ] }, { "date": "2025-09-12", "close": 42.922375, "volume": 1696, "typical_volume": 14669.15, "trend": 39.442763, "fair_value": 35.097286, "relative_strength": -5.529438, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.560474, "energy": 69.288732, "activity_lines": [ 42.045475, 41.790067, 41.280551, 40.423909 ] }, { "date": "2025-09-19", "close": 43.552087, "volume": 3745, "typical_volume": 14440.3, "trend": 39.556061, "fair_value": 35.198865, "relative_strength": -5.995686, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.303429, "energy": 73.163506, "activity_lines": [ 42.594799, 42.152699, 41.551614, 40.689027 ] }, { "date": "2025-09-26", "close": 43.173962, "volume": 1165, "typical_volume": 14196.8, "trend": 39.66762, "fair_value": 35.301317, "relative_strength": -6.21165, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.372286, "energy": 83.802526, "activity_lines": [ 42.905556, 42.39681, 41.762317, 40.92244 ] }, { "date": "2025-10-03", "close": 43.367391, "volume": 6537, "typical_volume": 13997.15, "trend": 39.854274, "fair_value": 35.401214, "relative_strength": -6.727214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.426933, "energy": 88.091705, "activity_lines": [ 43.175556, 42.636984, 41.967957, 41.161135 ] }, { "date": "2025-10-10", "close": 42.602606, "volume": 2560, "typical_volume": 12771.1, "trend": 40.043006, "fair_value": 35.496955, "relative_strength": -6.061144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.766589, "energy": 68.553508, "activity_lines": [ 43.068735, 42.702701, 42.082885, 41.338447 ] }, { "date": "2025-10-17", "close": 43.119079, "volume": 3351, "typical_volume": 12621.1, "trend": 40.23092, "fair_value": 35.589361, "relative_strength": -6.981695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.713262, "energy": 59.786202, "activity_lines": [ 43.0672, 42.832105, 42.233171, 41.536903 ] }, { "date": "2025-10-24", "close": 43.766457, "volume": 4737, "typical_volume": 11995.05, "trend": 40.467657, "fair_value": 35.676009, "relative_strength": -7.397857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.384199, "energy": 62.222803, "activity_lines": [ 43.268344, 43.056266, 42.431562, 41.765002 ] }, { "date": "2025-10-31", "close": 43.920288, "volume": 5316, "typical_volume": 9393.9, "trend": 40.83157, "fair_value": 35.766228, "relative_strength": -8.608014, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.926996, "energy": 60.776109, "activity_lines": [ 43.506474, 43.27381, 42.62824, 41.987752 ] }, { "date": "2025-11-07", "close": 42.943415, "volume": 17789, "typical_volume": 9559.3, "trend": 41.089883, "fair_value": 35.841263, "relative_strength": -7.587369, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.504258, "energy": 50.751426, "activity_lines": [ 43.369224, 43.271472, 42.713325, 42.124 ] }, { "date": "2025-11-14", "close": 43.11104, "volume": 6011, "typical_volume": 6810.5, "trend": 41.355239, "fair_value": 35.918991, "relative_strength": -6.846005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.151203, "energy": 45.190721, "activity_lines": [ 43.316114, 43.274075, 42.799816, 42.254398 ] }, { "date": "2025-11-21", "close": 41.809337, "volume": 12634, "typical_volume": 6795.35, "trend": 41.516139, "fair_value": 35.983972, "relative_strength": -6.513209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.161377, "energy": 18.459875, "activity_lines": [ 42.795208, 43.012524, 42.751424, 42.283694 ] }, { "date": "2025-11-28", "close": 43.550202, "volume": 353, "typical_volume": 6117.6, "trend": 41.686514, "fair_value": 36.059182, "relative_strength": -6.925696, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.860724, "energy": 22.409917, "activity_lines": [ 42.941906, 43.08773, 42.866007, 42.414924 ] }, { "date": "2025-12-05", "close": 43.911455, "volume": 1448, "typical_volume": 5892.65, "trend": 41.875491, "fair_value": 36.143691, "relative_strength": -6.842464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.465778, "energy": 28.409951, "activity_lines": [ 43.223439, 43.228653, 43.001968, 42.558469 ] }, { "date": "2025-12-12", "close": 43.757525, "volume": 1797, "typical_volume": 5658.2, "trend": 42.01362, "fair_value": 36.229997, "relative_strength": -5.199083, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.5285, "energy": 34.172223, "activity_lines": [ 43.454251, 43.32818, 43.109515, 42.67989 ] }, { "date": "2025-12-19", "close": 44.076798, "volume": 2524, "typical_volume": 5336.55, "trend": 42.159574, "fair_value": 36.318606, "relative_strength": -4.869006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.473189, "energy": 52.946694, "activity_lines": [ 43.737213, 43.478664, 43.236338, 42.812999 ] }, { "date": "2025-12-26", "close": 44.695, "volume": 15592, "typical_volume": 5762.7, "trend": 42.306947, "fair_value": 36.411177, "relative_strength": -4.563082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.752466, "energy": 70.512779, "activity_lines": [ 44.161859, 43.714744, 43.407104, 42.976574 ] }, { "date": "2026-01-02", "close": 44.431, "volume": 7114, "typical_volume": 5519.6, "trend": 42.443651, "fair_value": 36.493547, "relative_strength": -3.316713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.033747, "energy": 67.660143, "activity_lines": [ 44.306127, 43.874171, 43.539212, 43.11361 ] }, { "date": "2026-01-09", "close": 45.1363, "volume": 12924, "typical_volume": 6035.05, "trend": 42.61408, "fair_value": 36.575404, "relative_strength": -3.743081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.980809, "energy": 75.669661, "activity_lines": [ 44.626775, 44.149751, 43.72627, 43.287329 ] }, { "date": "2026-01-16", "close": 45.2007, "volume": 17167, "typical_volume": 6561.25, "trend": 42.791235, "fair_value": 36.660097, "relative_strength": -2.614781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.108018, "energy": 77.564316, "activity_lines": [ 44.887233, 44.414932, 43.902599, 43.454208 ] }, { "date": "2026-01-23", "close": 45.2016, "volume": 9526, "typical_volume": 6699.3, "trend": 42.9373, "fair_value": 36.738586, "relative_strength": -2.678098, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.629113, "energy": 70.723499, "activity_lines": [ 45.05178, 44.639234, 44.061577, 43.609715 ] }, { "date": "2026-01-30", "close": 45.3549, "volume": 5620, "typical_volume": 6895.5, "trend": 43.075242, "fair_value": 36.814603, "relative_strength": -2.042861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.045947, "energy": 69.82104, "activity_lines": [ 45.19244, 44.8534, 44.218003, 43.76569 ] }, { "date": "2026-02-06", "close": 45.6756, "volume": 6097, "typical_volume": 7013.1, "trend": 43.237272, "fair_value": 36.897882, "relative_strength": 0.773681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.044167, "energy": 66.815613, "activity_lines": [ 45.396007, 45.061409, 44.393388, 43.933455 ] }, { "date": "2026-02-13", "close": 45.8889, "volume": 29582, "typical_volume": 8433.95, "trend": 43.399465, "fair_value": 36.981898, "relative_strength": 2.600421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.649735, "energy": 62.129283, "activity_lines": [ 45.5877, 45.269557, 44.578975, 44.104528 ] }, { "date": "2026-02-20", "close": 46.457, "volume": 20031, "typical_volume": 9108.65, "trend": 43.567361, "fair_value": 37.076273, "relative_strength": 2.705716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.656303, "energy": 79.958346, "activity_lines": [ 45.918587, 45.545042, 44.805739, 44.301788 ] }, { "date": "2026-02-27", "close": 46.5126, "volume": 6766, "typical_volume": 9318.95, "trend": 43.753093, "fair_value": 37.169035, "relative_strength": 3.14411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.968792, "energy": 86.268657, "activity_lines": [ 46.184253, 45.781555, 45.023086, 44.491803 ] }, { "date": "2026-03-06", "close": 43.6606, "volume": 3552, "typical_volume": 9329.0, "trend": 43.813214, "fair_value": 37.258555, "relative_strength": -1.851716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.09912, "energy": 30.566306, "activity_lines": [ 45.411853, 45.455235, 44.950194, 44.485836 ] }, { "date": "2026-03-13", "close": 42.9775, "volume": 19856, "typical_volume": 10084.95, "trend": 43.850323, "fair_value": 37.349957, "relative_strength": -2.279057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.507586, "energy": 12.221105, "activity_lines": [ 44.524707, 45.023522, 44.809667, 44.431919 ] }, { "date": "2026-03-20", "close": 42.0491, "volume": 37734, "typical_volume": 11705.85, "trend": 43.865445, "fair_value": 37.434575, "relative_strength": -2.320065, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -39.198087, "energy": 40.957937, "activity_lines": [ 43.507967, 44.449436, 44.584478, 44.315711 ] }, { "date": "2026-03-27", "close": 41.7749, "volume": 20562, "typical_volume": 11844.5, "trend": 43.873308, "fair_value": 37.507676, "relative_strength": 0.390461, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.59851, "energy": 49.56077, "activity_lines": [ 42.655813, 43.881627, 44.342085, 44.180837 ] }, { "date": "2026-04-03", "close": 43.2236, "volume": 5666, "typical_volume": 11827.25, "trend": 43.927444, "fair_value": 37.592316, "relative_strength": 0.013196, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.225683, "energy": 50.322141, "activity_lines": [ 42.5987, 43.639505, 44.243227, 44.13892 ] }, { "date": "2026-04-10", "close": 45.3733, "volume": 9256, "typical_volume": 11658.35, "trend": 44.009141, "fair_value": 37.688922, "relative_strength": 0.598315, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.228398, "energy": 21.648424, "activity_lines": [ 43.47742, 43.824202, 44.348567, 44.232201 ] }, { "date": "2026-04-17", "close": 46.9351, "volume": 2680, "typical_volume": 11774.7, "trend": 44.121909, "fair_value": 37.795977, "relative_strength": -1.814014, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 53.286945, "energy": 27.220692, "activity_lines": [ 44.76256, 44.292527, 44.585679, 44.420973 ] }, { "date": "2026-04-24", "close": 46.7974, "volume": 27980, "typical_volume": 13101.3, "trend": 44.24269, "fair_value": 37.900761, "relative_strength": -4.010848, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 58.421407, "energy": 45.570354, "activity_lines": [ 45.73796, 44.712916, 44.793557, 44.593585 ] }, { "date": "2026-05-01", "close": 47.4053, "volume": 1194, "typical_volume": 13071.15, "trend": 44.377287, "fair_value": 38.015669, "relative_strength": -4.028939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.26571, "energy": 57.800544, "activity_lines": [ 46.59944, 45.227315, 45.045589, 44.797625 ] }, { "date": "2026-05-08", "close": 49.2641, "volume": 3079, "typical_volume": 13098.9, "trend": 44.599337, "fair_value": 38.143816, "relative_strength": -5.231838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.517626, "energy": 86.813191, "activity_lines": [ 47.70516, 46.062435, 45.457278, 45.112903 ] }, { "date": "2026-05-15", "close": 48.4843, "volume": 28538, "typical_volume": 13746.2, "trend": 44.778177, "fair_value": 38.263805, "relative_strength": -6.235682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.407817, "energy": 82.89615, "activity_lines": [ 48.148247, 46.705745, 45.77, 45.363546 ] }, { "date": "2026-05-22", "close": 49.5518, "volume": 3557, "typical_volume": 13568.35, "trend": 44.971022, "fair_value": 38.391199, "relative_strength": -5.091252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.881947, "energy": 85.627599, "activity_lines": [ 48.739767, 47.455444, 46.166343, 45.671521 ] }, { "date": "2026-05-29", "close": 50.7395, "volume": 13744, "typical_volume": 13609.35, "trend": 45.198329, "fair_value": 38.524049, "relative_strength": -5.321506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.537827, "energy": 89.038939, "activity_lines": [ 49.55274, 48.301555, 46.651417, 46.043681 ] }, { "date": "2026-06-05", "close": 49.3292, "volume": 2253, "typical_volume": 12863.65, "trend": 45.411189, "fair_value": 38.647758, "relative_strength": -3.447954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.590348, "energy": 76.188311, "activity_lines": [ 49.632807, 48.73324, 46.975494, 46.310189 ] }, { "date": "2026-06-12", "close": 50.78, "volume": 1976, "typical_volume": 12486.15, "trend": 45.666821, "fair_value": 38.774654, "relative_strength": -2.700803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.819857, "energy": 79.898219, "activity_lines": [ 50.068213, 49.291356, 47.418083, 46.656564 ] }, { "date": "2026-06-19", "close": 51.4683, "volume": 30407, "typical_volume": 13725.5, "trend": 45.988786, "fair_value": 38.911805, "relative_strength": -3.78308, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.300211, "energy": 85.780351, "activity_lines": [ 50.631993, 49.837229, 47.89966, 47.030853 ] }, { "date": "2026-06-26", "close": 50.4775, "volume": 16598, "typical_volume": 14250.55, "trend": 46.219696, "fair_value": 39.037564, "relative_strength": -1.102817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.553531, "energy": 64.474379, "activity_lines": [ 50.666573, 50.092138, 48.257765, 47.320448 ] }, { "date": "2026-07-03", "close": 50.2591, "volume": 4851, "typical_volume": 13014.0, "trend": 46.431284, "fair_value": 39.165728, "relative_strength": -2.270831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.01182, "energy": 59.454054, "activity_lines": [ 50.56664, 50.242931, 48.572203, 47.581054 ] }, { "date": "2026-07-10", "close": 50.7092, "volume": 3793, "typical_volume": 12202.1, "trend": 46.663007, "fair_value": 39.289121, "relative_strength": -3.046276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.384208, "energy": 58.185936, "activity_lines": [ 50.648767, 50.41262, 48.908697, 47.857049 ] }, { "date": "2026-07-17", "close": 49.5016, "volume": 848, "typical_volume": 11906.2, "trend": 46.843833, "fair_value": 39.403345, "relative_strength": -1.190032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.551988, "energy": 43.715276, "activity_lines": [ 50.23636, 50.302675, 49.109933, 48.040184 ] }, { "date": "2026-07-24", "close": 49.9283, "volume": 3555, "typical_volume": 11906.35, "trend": 47.018277, "fair_value": 39.518984, "relative_strength": 1.290157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.570184, "energy": 37.000048, "activity_lines": [ 50.051413, 50.265993, 49.337574, 48.239182 ] }, { "date": "2026-07-31", "close": 49.6416, "volume": 2778, "typical_volume": 11052.45, "trend": 47.191963, "fair_value": 39.639686, "relative_strength": 0.212544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.407832, "energy": 30.811564, "activity_lines": [ 49.873567, 50.150929, 49.508064, 48.408428 ] }, { "date": "2026-08-07", "close": 51.1633, "volume": 7406, "typical_volume": 9536.05, "trend": 47.392863, "fair_value": 39.773142, "relative_strength": -1.65908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.857581, "energy": 37.735843, "activity_lines": [ 50.25868, 50.310905, 49.791744, 48.664644 ] } ], "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." } } }