{ "ticker": { "uuid": "77898452-f38c-4b6f-a43a-c8decb1b4030", "symbol": "WDESG", "name": "UBS MSCI World Selection UCITS ETF USD acc", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.086, "architecture_energy": 70.354, "architecture_maturity": 89.405, "architecture_confidence": 65.963, "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": 14.44, "rotation_up": 55.59, "upward_expansion": 83.0, "deceleration": 71.36, "rotation_down": 29.17, "downward_expansion": 12.0 }, "activity_lines": [ 244.639337, 243.583821, 239.756716, 234.584324 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 250.350006, "trend_reference": 228.803, "distance_from_trend": 0.094173, "trend_direction": "Improving", "fair_value": 208.322647, "distance_from_fair_value": 0.201742, "fair_value_direction": "Improving", "relative_strength": -2.794733, "relative_strength_direction": "Weakening", "price_momentum": 0.147237, "excess_performance": -0.023655, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094173, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040838, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.201742, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060402, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.027947, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002302, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.147237, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.314265, "read": "Demand-led" } ], "volume": { "latest": 3592, "relative_activity": 0.976233, "balance": 3.314265, "dry_up": 0.948307, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.015885, "annualized_volatility": 0.113202, "from_high_reference": -0.001754, "from_low_reference": 0.253568 }, "levels": { "trend_reference": 228.803, "fair_value_reference": 208.322647, "structural_low": 205.550003, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.007791, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.007025, "regime_survival": 1.0, "best_return": 0.052875, "worst_return": 0.00345, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.063768, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.017627, "regime_survival": 1.0, "best_return": 0.063768, "worst_return": 0.063768, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.058083, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.062382, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.104031, "active": true } ], "chart_path": [ { "date": "2024-08-30", "close": 187.729996, "volume": 55413, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 180.160004, "volume": 31036, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 187.639999, "volume": 8968, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 187.940002, "volume": 9695, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 191.080002, "volume": 16518, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 191.850006, "volume": 6155, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 194.580002, "volume": 31326, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 196.949997, "volume": 6970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 196.610001, "volume": 15315, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 192.940002, "volume": 20709, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 201.419998, "volume": 7481, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 201.0, "volume": 5250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 206.089996, "volume": 3720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 205.660004, "volume": 2376, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 207.75, "volume": 3227, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 206.580002, "volume": 1829, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 203.509995, "volume": 3157, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 203.770004, "volume": 988, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 205.179993, "volume": 308, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 203.210007, "volume": 1349, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 208.630005, "volume": 1985, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 208.970001, "volume": 4084, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 209.130005, "volume": 8688, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 207.320007, "volume": 2818, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 206.139999, "volume": 2144, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 207.600006, "volume": 4563, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 201.699997, "volume": 1721, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 189.809998, "volume": 4605, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 187.809998, "volume": 18196, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 189.589996, "volume": 2946, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 186.949997, "volume": 2178, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 172.080002, "volume": 1966, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 168.800003, "volume": 3076, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 171.229996, "volume": 1191, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 177.110001, "volume": 3248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 183.600006, "volume": 1718, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 185.199997, "volume": 2252, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 195.0, "volume": 2586, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 189.669998, "volume": 2602, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 192.759995, "volume": 3740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 194.369995, "volume": 1740, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 192.050003, "volume": 2254, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 190.539993, "volume": 2470, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 193.910004, "volume": 1847, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 194.020004, "volume": 5082, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 195.649994, "volume": 4022, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 197.740005, "volume": 2666, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 199.360001, "volume": 17519, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 197.610001, "volume": 3155, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 200.080002, "volume": 2294, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 202.100006, "volume": 1338, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 202.899994, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 201.570007, "volume": 1262, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 200.490005, "volume": 1642, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 204.669998, "volume": 3037, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 205.830002, "volume": 5188, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 205.860001, "volume": 6562, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 210.520004, "volume": 4183, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 209.479996, "volume": 5751, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 209.360001, "volume": 1985, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 212.679993, "volume": 1105, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 217.5, "volume": 1648, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 210.699997, "volume": 1865, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 214.179993, "volume": 3255, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 210.509995, "volume": 3283, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 216.119995, "volume": 3567, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 217.029999, "volume": 4635, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 214.119995, "volume": 1432, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 215.919998, "volume": 3250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 217.360001, "volume": 402, "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": "2026-01-02", "close": 216.809998, "volume": 482, "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": "2026-01-09", "close": 223.029999, "volume": 1757, "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": "2026-01-16", "close": 223.860001, "volume": 3017, "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": "2026-01-23", "close": 221.199997, "volume": 3373, "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": "2026-01-30", "close": 218.710007, "volume": 3924, "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": "2026-02-06", "close": 218.220001, "volume": 5293, "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": "2026-02-13", "close": 218.089996, "volume": 3636, "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": "2026-02-20", "close": 220.449997, "volume": 3678, "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": "2026-02-27", "close": 219.5, "volume": 5719, "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": "2026-03-06", "close": 218.479996, "volume": 2476, "typical_volume": 2889.85, "trend": 213.241666, "fair_value": 201.791625, "relative_strength": 1.900549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.44465, "energy": 23.699672, "activity_lines": [ 219.076664, 219.502726, 218.528427, 216.586386 ] }, { "date": "2026-03-13", "close": 215.759995, "volume": 3268, "typical_volume": 2998.0, "trend": 213.696999, "fair_value": 201.964074, "relative_strength": 0.253306, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.448499, "energy": 14.499399, "activity_lines": [ 218.013997, 218.761816, 218.389046, 216.748859 ] }, { "date": "2026-03-20", "close": 209.520004, "volume": 2377, "typical_volume": 3034.45, "trend": 213.917666, "fair_value": 202.056219, "relative_strength": 0.694518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.330215, "energy": 20.925584, "activity_lines": [ 215.035332, 216.905454, 217.640713, 216.479375 ] }, { "date": "2026-03-27", "close": 205.789993, "volume": 1621, "typical_volume": 3022.25, "trend": 214.058332, "fair_value": 202.101205, "relative_strength": -2.293045, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.156133, "energy": 50.206193, "activity_lines": [ 211.384664, 214.616543, 216.575141, 215.955009 ] }, { "date": "2026-04-03", "close": 212.080002, "volume": 1971, "typical_volume": 2958.05, "trend": 214.444665, "fair_value": 202.22, "relative_strength": -4.142734, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.346734, "energy": 47.869848, "activity_lines": [ 210.807999, 213.799817, 216.131999, 215.827375 ] }, { "date": "2026-04-10", "close": 216.509995, "volume": 833, "typical_volume": 2835.55, "trend": 214.839332, "fair_value": 202.388117, "relative_strength": -6.064685, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.569657, "energy": 39.827397, "activity_lines": [ 212.202664, 213.954361, 216.12076, 215.960622 ] }, { "date": "2026-04-17", "close": 224.740005, "volume": 1733, "typical_volume": 2743.85, "trend": 215.469665, "fair_value": 202.648023, "relative_strength": -4.947531, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 47.452669, "energy": 19.138041, "activity_lines": [ 216.472, 215.645272, 216.864761, 216.599375 ] }, { "date": "2026-04-24", "close": 225.309998, "volume": 746, "typical_volume": 2549.4, "trend": 216.117998, "fair_value": 202.908506, "relative_strength": -2.275365, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 60.358742, "energy": 43.046167, "activity_lines": [ 220.332666, 217.321272, 217.621999, 217.234235 ] }, { "date": "2026-05-01", "close": 226.759995, "volume": 713, "typical_volume": 2513.45, "trend": 216.659331, "fair_value": 203.179545, "relative_strength": -2.81439, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.583208, "energy": 61.029638, "activity_lines": [ 223.623998, 219.129635, 218.477903, 217.920816 ] }, { "date": "2026-05-08", "close": 232.270004, "volume": 19214, "typical_volume": 3311.65, "trend": 217.418998, "fair_value": 203.506404, "relative_strength": -2.564561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.979494, "energy": 87.765048, "activity_lines": [ 227.354, 221.82509, 219.79838, 218.927956 ] }, { "date": "2026-05-15", "close": 235.050003, "volume": 7276, "typical_volume": 3655.35, "trend": 218.275332, "fair_value": 203.856889, "relative_strength": -1.044842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.09639, "energy": 93.111445, "activity_lines": [ 230.664668, 224.793818, 221.305761, 220.06544 ] }, { "date": "2026-05-22", "close": 237.940002, "volume": 4565, "typical_volume": 3859.5, "trend": 219.117332, "fair_value": 204.231428, "relative_strength": -0.627727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.998457, "energy": 94.565115, "activity_lines": [ 233.702668, 227.986728, 223.004143, 221.334128 ] }, { "date": "2026-05-29", "close": 238.75, "volume": 12150, "typical_volume": 4379.15, "trend": 219.825665, "fair_value": 204.60663, "relative_strength": -1.323076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.513145, "energy": 92.799484, "activity_lines": [ 236.130668, 230.923637, 224.679047, 222.600752 ] }, { "date": "2026-06-05", "close": 238.970001, "volume": 614, "typical_volume": 4259.0, "trend": 220.767999, "fair_value": 204.976129, "relative_strength": -0.948051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.696912, "energy": 90.556664, "activity_lines": [ 237.736001, 233.369092, 226.300048, 223.835871 ] }, { "date": "2026-06-12", "close": 239.149994, "volume": 313, "typical_volume": 4106.0, "trend": 221.600332, "fair_value": 205.339681, "relative_strength": -3.874744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.491392, "energy": 88.529508, "activity_lines": [ 238.587332, 235.244, 227.866237, 225.021806 ] }, { "date": "2026-06-19", "close": 242.020004, "volume": 310, "typical_volume": 3925.3, "trend": 222.650666, "fair_value": 205.725789, "relative_strength": -5.104987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.893726, "energy": 90.979097, "activity_lines": [ 239.936667, 237.148546, 229.620286, 226.339204 ] }, { "date": "2026-06-26", "close": 240.610001, "volume": 473, "typical_volume": 3684.3, "trend": 223.466999, "fair_value": 206.089167, "relative_strength": -2.670783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.825043, "energy": 84.418721, "activity_lines": [ 240.351334, 238.33291, 231.129048, 227.497871 ] }, { "date": "2026-07-03", "close": 244.580002, "volume": 350, "typical_volume": 3520.0, "trend": 224.385333, "fair_value": 206.485979, "relative_strength": -3.873607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.49457, "energy": 88.763097, "activity_lines": [ 241.911334, 239.950546, 232.909286, 228.86 ] }, { "date": "2026-07-10", "close": 244.880005, "volume": 6750, "typical_volume": 3673.6, "trend": 225.410666, "fair_value": 206.877755, "relative_strength": -3.292887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.103938, "energy": 88.381173, "activity_lines": [ 243.182669, 241.272365, 234.591953, 230.182237 ] }, { "date": "2026-07-17", "close": 241.880005, "volume": 3787, "typical_volume": 3577.0, "trend": 226.276, "fair_value": 207.231313, "relative_strength": -3.035719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.957579, "energy": 81.575058, "activity_lines": [ 243.060004, 241.719275, 235.872573, 231.244775 ] }, { "date": "2026-07-24", "close": 241.440002, "volume": 3847, "typical_volume": 3645.55, "trend": 227.078667, "fair_value": 207.5734, "relative_strength": -2.971694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.004571, "energy": 65.51434, "activity_lines": [ 242.60867, 241.911457, 237.004716, 232.223097 ] }, { "date": "2026-07-31", "close": 241.220001, "volume": 2731, "typical_volume": 3618.7, "trend": 227.892334, "fair_value": 207.906535, "relative_strength": -3.624496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.752324, "energy": 60.749757, "activity_lines": [ 242.122669, 241.947457, 238.006573, 233.135442 ] }, { "date": "2026-08-07", "close": 250.350006, "volume": 3592, "typical_volume": 3679.45, "trend": 228.803, "fair_value": 208.322647, "relative_strength": -2.794733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.086177, "energy": 70.35429, "activity_lines": [ 244.639337, 243.583821, 239.756716, 234.584324 ] } ], "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." } } }