{ "ticker": { "uuid": "7923fa97-1ef2-4121-b1eb-ada4144c36fe", "symbol": "XFLI", "name": "iShares Flexible Monthly Income ETF CAD", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 66.221, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 33.7, "architecture_energy": 27.951, "architecture_maturity": 57.675, "architecture_confidence": 72.257, "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": 39.57, "rotation_up": 22.92, "upward_expansion": 56.86, "deceleration": 91.14, "rotation_down": 33.39, "downward_expansion": 20.52 }, "activity_lines": [ 40.045882, 40.235511, 40.012776, 39.809151 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 39.939999, "trend_reference": 39.605947, "distance_from_trend": 0.008434, "trend_direction": "Improving", "fair_value": 38.766099, "distance_from_fair_value": 0.030282, "fair_value_direction": "Improving", "relative_strength": -10.299163, "relative_strength_direction": "Improving", "price_momentum": 0.016088, "excess_performance": -0.104334, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008434, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005973, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.030282, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.013798, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.102992, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006164, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.016088, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.626651, "read": "Supply-led" } ], "volume": { "latest": 5700, "relative_activity": 0.529986, "balance": 0.626651, "dry_up": 1.020456, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.010541, "annualized_volatility": 0.06307, "from_high_reference": -0.029803, "from_low_reference": 0.039641 }, "levels": { "trend_reference": 39.605947, "fair_value_reference": 38.766099, "structural_low": 38.601637, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 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": "Intermediate", "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": "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": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-06-05", "tenure": "Developing", "return": 0.006499, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.026564, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.014992, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2024-09-27", "close": 36.169727, "volume": 3200, "typical_volume": null, "trend": null, "fair_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": 36.359901, "volume": 7100, "typical_volume": null, "trend": null, "fair_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": 36.794586, "volume": 4200, "typical_volume": null, "trend": null, "fair_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": 36.876087, "volume": 2900, "typical_volume": null, "trend": null, "fair_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": 37.039097, "volume": 5600, "typical_volume": null, "trend": null, "fair_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": 37.116425, "volume": 4600, "typical_volume": null, "trend": null, "fair_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": 37.225597, "volume": 22800, "typical_volume": null, "trend": null, "fair_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": 37.571285, "volume": 4000, "typical_volume": null, "trend": null, "fair_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": 37.337547, "volume": 12400, "typical_volume": null, "trend": null, "fair_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": 37.657452, "volume": 7000, "typical_volume": null, "trend": null, "fair_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": 38.105312, "volume": 12000, "typical_volume": null, "trend": null, "fair_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": 38.242424, "volume": 9000, "typical_volume": null, "trend": null, "fair_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": 38.34296, "volume": 7100, "typical_volume": null, "trend": null, "fair_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": 38.580605, "volume": 6500, "typical_volume": null, "trend": null, "fair_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": 38.711895, "volume": 19300, "typical_volume": null, "trend": null, "fair_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": 38.416023, "volume": 7800, "typical_volume": null, "trend": null, "fair_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": 38.693409, "volume": 4200, "typical_volume": null, "trend": null, "fair_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": 38.684158, "volume": 10200, "typical_volume": null, "trend": null, "fair_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": 39.162148, "volume": 10900, "typical_volume": null, "trend": null, "fair_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": 38.62339, "volume": 11400, "typical_volume": null, "trend": null, "fair_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": 38.363304, "volume": 8900, "typical_volume": null, "trend": null, "fair_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": 38.604816, "volume": 5200, "typical_volume": null, "trend": null, "fair_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": 39.419655, "volume": 13500, "typical_volume": null, "trend": null, "fair_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": 38.999699, "volume": 18800, "typical_volume": null, "trend": null, "fair_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": 38.93438, "volume": 28800, "typical_volume": null, "trend": null, "fair_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": 38.990368, "volume": 32800, "typical_volume": null, "trend": null, "fair_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": 38.826225, "volume": 12900, "typical_volume": null, "trend": null, "fair_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": 38.169899, "volume": 31700, "typical_volume": null, "trend": null, "fair_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": 36.85725, "volume": 20200, "typical_volume": null, "trend": null, "fair_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": 37.185421, "volume": 1600, "typical_volume": null, "trend": null, "fair_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": 37.581505, "volume": 8000, "typical_volume": null, "trend": null, "fair_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": 37.459023, "volume": 9600, "typical_volume": null, "trend": null, "fair_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": 37.760517, "volume": 6100, "typical_volume": null, "trend": null, "fair_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": 38.1091, "volume": 5900, "typical_volume": null, "trend": null, "fair_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": 37.338905, "volume": 13000, "typical_volume": null, "trend": null, "fair_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": 37.656017, "volume": 6300, "typical_volume": null, "trend": null, "fair_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": 37.466702, "volume": 3700, "typical_volume": null, "trend": null, "fair_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": 37.286839, "volume": 9800, "typical_volume": null, "trend": null, "fair_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": 37.731747, "volume": 11500, "typical_volume": null, "trend": null, "fair_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": 38.007351, "volume": 3700, "typical_volume": null, "trend": null, "fair_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": 37.683964, "volume": 22300, "typical_volume": null, "trend": null, "fair_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": 37.82663, "volume": 5500, "typical_volume": null, "trend": null, "fair_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": 37.940758, "volume": 5600, "typical_volume": null, "trend": null, "fair_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": 38.054909, "volume": 13300, "typical_volume": null, "trend": null, "fair_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": 38.369312, "volume": 7700, "typical_volume": null, "trend": null, "fair_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": 38.38842, "volume": 1000, "typical_volume": null, "trend": null, "fair_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": 38.646454, "volume": 7000, "typical_volume": null, "trend": null, "fair_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": 38.732464, "volume": 5600, "typical_volume": null, "trend": null, "fair_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": 38.54908, "volume": 11000, "typical_volume": null, "trend": null, "fair_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": 38.856319, "volume": 3400, "typical_volume": null, "trend": null, "fair_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": 39.105946, "volume": 5700, "typical_volume": null, "trend": null, "fair_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": 38.933128, "volume": 8900, "typical_volume": null, "trend": null, "fair_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": 39.303547, "volume": 21400, "typical_volume": null, "trend": null, "fair_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": 39.467503, "volume": 7100, "typical_volume": null, "trend": null, "fair_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": 39.448223, "volume": 6900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 39.747215, "volume": 17700, "typical_volume": null, "trend": null, "fair_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": 39.718277, "volume": 3800, "typical_volume": null, "trend": null, "fair_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": 39.750576, "volume": 3600, "typical_volume": null, "trend": null, "fair_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": 39.799015, "volume": 10200, "typical_volume": null, "trend": null, "fair_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": 39.789326, "volume": 2100, "typical_volume": null, "trend": null, "fair_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": 40.015835, "volume": 5700, "typical_volume": null, "trend": null, "fair_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": 40.200729, "volume": 12300, "typical_volume": null, "trend": null, "fair_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": 39.393021, "volume": 20900, "typical_volume": null, "trend": null, "fair_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": 39.188656, "volume": 12900, "typical_volume": null, "trend": null, "fair_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": 39.363827, "volume": 7900, "typical_volume": null, "trend": null, "fair_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": 39.042683, "volume": 6600, "typical_volume": null, "trend": null, "fair_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": 39.239613, "volume": 9400, "typical_volume": null, "trend": null, "fair_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": 39.885136, "volume": 10800, "typical_volume": null, "trend": null, "fair_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": 39.914474, "volume": 12600, "typical_volume": null, "trend": null, "fair_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": 39.308079, "volume": 36100, "typical_volume": null, "trend": null, "fair_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": 39.101326, "volume": 14900, "typical_volume": null, "trend": null, "fair_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": 39.307636, "volume": 16900, "typical_volume": null, "trend": null, "fair_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": 39.346939, "volume": 10800, "typical_volume": null, "trend": null, "fair_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": 39.553249, "volume": 7200, "typical_volume": null, "trend": null, "fair_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": 39.469978, "volume": 11500, "typical_volume": null, "trend": null, "fair_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": 38.828587, "volume": 24100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-13", "close": 38.946999, "volume": 4400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-20", "close": 38.710182, "volume": 260400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-27", "close": 39.109806, "volume": 6000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-03", "close": 39.575634, "volume": 8300, "typical_volume": 24985.0, "trend": 39.418838, "fair_value": 38.525903, "relative_strength": -9.898439, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -37.002376, "energy": 25.516181, "activity_lines": [ 39.144702, 39.169943, 39.268314, 39.359062 ] }, { "date": "2026-04-10", "close": 39.535988, "volume": 13300, "typical_volume": 25365.0, "trend": 39.433173, "fair_value": 38.538373, "relative_strength": -11.056519, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -19.919053, "energy": 11.372779, "activity_lines": [ 39.31195, 39.231935, 39.283634, 39.36662 ] }, { "date": "2026-04-17", "close": 39.298122, "volume": 16600, "typical_volume": 25580.0, "trend": 39.445339, "fair_value": 38.547638, "relative_strength": -12.766442, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -23.40455, "energy": 20.273707, "activity_lines": [ 39.352751, 39.242775, 39.278586, 39.357907 ] }, { "date": "2026-04-24", "close": 39.114231, "volume": 7900, "typical_volume": 24930.0, "trend": 39.439029, "fair_value": 38.554464, "relative_strength": -11.566097, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -31.266784, "energy": 23.606606, "activity_lines": [ 39.308845, 39.220354, 39.260323, 39.336546 ] }, { "date": "2026-05-01", "close": 38.784176, "volume": 15100, "typical_volume": 25040.0, "trend": 39.416251, "fair_value": 38.557199, "relative_strength": -11.821256, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -64.19527, "energy": 30.576841, "activity_lines": [ 39.127985, 39.142153, 39.211953, 39.294297 ] }, { "date": "2026-05-08", "close": 39.200462, "volume": 12400, "typical_volume": 25265.0, "trend": 39.407993, "fair_value": 38.564767, "relative_strength": -10.915599, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -45.91534, "energy": 35.596316, "activity_lines": [ 39.107596, 39.153625, 39.205156, 39.280375 ] }, { "date": "2026-05-15", "close": 39.150902, "volume": 27000, "typical_volume": 26285.0, "trend": 39.388115, "fair_value": 38.571582, "relative_strength": -9.969664, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -47.720107, "energy": 40.243384, "activity_lines": [ 39.095698, 39.160985, 39.194417, 39.263789 ] }, { "date": "2026-05-22", "close": 39.434601, "volume": 9000, "typical_volume": 26265.0, "trend": 39.37866, "fair_value": 38.581502, "relative_strength": -10.595961, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -21.067673, "energy": 13.965939, "activity_lines": [ 39.204039, 39.214067, 39.210181, 39.266788 ] }, { "date": "2026-05-29", "close": 39.514244, "volume": 23600, "typical_volume": 26905.0, "trend": 39.370782, "fair_value": 38.592102, "relative_strength": -10.77729, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -1.022376, "energy": 9.360713, "activity_lines": [ 39.329829, 39.272764, 39.232602, 39.275535 ] }, { "date": "2026-06-05", "close": 39.832825, "volume": 2200, "typical_volume": 26385.0, "trend": 39.371909, "fair_value": 38.606042, "relative_strength": -8.770222, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 35.294336, "energy": 42.419574, "activity_lines": [ 39.535145, 39.374766, 39.28713, 39.305344 ] }, { "date": "2026-06-12", "close": 40.101631, "volume": 2900, "typical_volume": 24725.0, "trend": 39.382319, "fair_value": 38.62266, "relative_strength": -9.176545, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.376064, "energy": 68.693533, "activity_lines": [ 39.760153, 39.512495, 39.367647, 39.352423 ] }, { "date": "2026-06-19", "close": 41.166893, "volume": 3600, "typical_volume": 24160.0, "trend": 39.420688, "fair_value": 38.650618, "relative_strength": -6.495504, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 95.808747, "energy": 95.518205, "activity_lines": [ 40.28017, 39.834345, 39.545839, 39.467557 ] }, { "date": "2026-06-26", "close": 40.629128, "volume": 1600, "typical_volume": 23395.0, "trend": 39.434968, "fair_value": 38.672124, "relative_strength": -7.374989, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.528631, "energy": 91.184704, "activity_lines": [ 40.486533, 40.028767, 39.66298, 39.545521 ] }, { "date": "2026-07-03", "close": 40.639084, "volume": 1600, "typical_volume": 22935.0, "trend": 39.476503, "fair_value": 38.693274, "relative_strength": -7.71508, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.735938, "energy": 88.9653, "activity_lines": [ 40.61658, 40.200799, 39.774775, 39.623206 ] }, { "date": "2026-07-10", "close": 40.479828, "volume": 20100, "typical_volume": 23580.0, "trend": 39.519542, "fair_value": 38.71228, "relative_strength": -7.868648, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.74509, "energy": 87.122115, "activity_lines": [ 40.618552, 40.31615, 39.865251, 39.687936 ] }, { "date": "2026-07-17", "close": 40.061794, "volume": 15300, "typical_volume": 23770.0, "trend": 39.542808, "fair_value": 38.726485, "relative_strength": -8.35474, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.180382, "energy": 55.228833, "activity_lines": [ 40.438046, 40.324666, 39.911501, 39.72292 ] }, { "date": "2026-07-24", "close": 40.101608, "volume": 9300, "typical_volume": 23030.0, "trend": 39.578105, "fair_value": 38.74081, "relative_strength": -8.179998, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.130452, "energy": 38.892287, "activity_lines": [ 40.273466, 40.324759, 39.958725, 39.758972 ] }, { "date": "2026-07-31", "close": 40.02, "volume": 13600, "typical_volume": 23490.0, "trend": 39.604118, "fair_value": 38.753997, "relative_strength": -7.586237, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.57939, "energy": 25.024692, "activity_lines": [ 40.152704, 40.29273, 39.992115, 39.787481 ] }, { "date": "2026-08-07", "close": 39.939999, "volume": 5700, "typical_volume": 10755.0, "trend": 39.605947, "fair_value": 38.766099, "relative_strength": -10.299163, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.700152, "energy": 27.950777, "activity_lines": [ 40.045882, 40.235511, 40.012776, 39.809151 ] } ], "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." } } }