{ "ticker": { "uuid": "7a4623b9-1402-4606-b98f-6a212ba675ec", "symbol": "YSEP", "name": "FT VEST INTERNATIONAL EQUITY MODERATE BUFFER ETF - SEPTEMBER", "exchange": "CBOE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 58.123, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.535, "architecture_energy": 73.785, "architecture_maturity": 33.48, "architecture_confidence": 77.231, "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": 9.22, "rotation_up": 69.81, "upward_expansion": 90.49, "deceleration": 45.55, "rotation_down": 17.98, "downward_expansion": 14.83 }, "activity_lines": [ 27.89688, 27.748327, 27.505723, 27.266853 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 28.194, "trend_reference": 27.018723, "distance_from_trend": 0.043499, "trend_direction": "Improving", "fair_value": 23.315717, "distance_from_fair_value": 0.209227, "fair_value_direction": "Improving", "relative_strength": -4.781043, "relative_strength_direction": "Improving", "price_momentum": 0.048884, "excess_performance": -0.076741, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043499, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022803, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.209227, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011051, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04781, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006895, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048884, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.564518, "read": "Demand-led" } ], "volume": { "latest": 30123, "relative_activity": 0.487187, "balance": 5.564518, "dry_up": 0.765396, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.013475, "annualized_volatility": 0.083795, "from_high_reference": -0.002688, "from_low_reference": 0.149368 }, "levels": { "trend_reference": 27.018723, "fair_value_reference": 23.315717, "structural_low": 25.6, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": 0.009731, "positive_rate": 0.709677, "directional_follow_through": 0.709677, "median_excess_return": -0.010061, "regime_survival": 0.774194, "best_return": 0.04267, "worst_return": -0.034761, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.030408, "positive_rate": 0.727273, "directional_follow_through": 0.727273, "median_excess_return": -0.040733, "regime_survival": 0.636364, "best_return": 0.068223, "worst_return": -0.052241, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.014769, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.087303, "regime_survival": 0.2, "best_return": 0.110575, "worst_return": -0.020731, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.076986, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.165659, "regime_survival": 0.666667, "best_return": 0.156383, "worst_return": 0.063188, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-01", "tenure": "Developing", "return": -0.030815, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": -0.012993, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2024-12-06", "tenure": "New", "return": 0.009172, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2024-12-20", "tenure": "New", "return": -0.015413, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": -0.002517, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.011515, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.004351, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-03-21", "tenure": "Developing", "return": 0.015647, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-03-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.030387, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.034357, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2026-03-13", "tenure": "Extended", "return": 0.108009, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.047144, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.045182, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.3563, "volume": 13589, "typical_volume": 34296.6, "trend": 19.481863, "fair_value": 18.732323, "relative_strength": -3.589241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.003005, "energy": 10.318841, "activity_lines": [ 19.82232, 19.911309, 19.852209, 19.70071 ] }, { "date": "2023-08-25", "close": 19.4552, "volume": 13454, "typical_volume": 34417.5, "trend": 19.493787, "fair_value": 18.73948, "relative_strength": -3.882339, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.054863, "energy": 18.85081, "activity_lines": [ 19.65034, 19.826109, 19.82184, 19.69899 ] }, { "date": "2023-09-01", "close": 19.802, "volume": 14095, "typical_volume": 33426.25, "trend": 19.518017, "fair_value": 18.749897, "relative_strength": -4.60968, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.865044, "energy": 19.452343, "activity_lines": [ 19.64728, 19.814411, 19.823928, 19.718875 ] }, { "date": "2023-09-08", "close": 19.4853, "volume": 9630, "typical_volume": 30607.5, "trend": 19.53686, "fair_value": 18.757037, "relative_strength": -4.954117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.725159, "energy": 20.298278, "activity_lines": [ 19.57684, 19.741276, 19.79463, 19.716764 ] }, { "date": "2023-09-15", "close": 19.82, "volume": 76147, "typical_volume": 33986.05, "trend": 19.562027, "fair_value": 18.767258, "relative_strength": -3.208717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.148119, "energy": 13.617091, "activity_lines": [ 19.647593, 19.737375, 19.797875, 19.735031 ] }, { "date": "2023-09-22", "close": 19.4068, "volume": 75941, "typical_volume": 33217.4, "trend": 19.584537, "fair_value": 18.773349, "relative_strength": -2.414464, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.023517, "energy": 10.133868, "activity_lines": [ 19.588607, 19.654735, 19.76098, 19.725017 ] }, { "date": "2023-09-29", "close": 19.23, "volume": 163770, "typical_volume": 40967.15, "trend": 19.59065, "fair_value": 18.777657, "relative_strength": -2.643421, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.009685, "energy": 32.022584, "activity_lines": [ 19.46732, 19.55428, 19.708774, 19.702143 ] }, { "date": "2023-10-06", "close": 19.1149, "volume": 45307, "typical_volume": 42673.9, "trend": 19.605983, "fair_value": 18.780808, "relative_strength": -3.683131, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.951183, "energy": 46.943743, "activity_lines": [ 19.32268, 19.451535, 19.647559, 19.67145 ] }, { "date": "2023-10-13", "close": 19.14, "volume": 70737, "typical_volume": 44381.05, "trend": 19.629733, "fair_value": 18.784134, "relative_strength": -3.974866, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.556562, "energy": 58.972474, "activity_lines": [ 19.232213, 19.37626, 19.591925, 19.641386 ] }, { "date": "2023-10-20", "close": 18.76, "volume": 34712, "typical_volume": 42726.85, "trend": 19.631043, "fair_value": 18.783913, "relative_strength": -3.599254, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.560176, "energy": 77.393614, "activity_lines": [ 19.0381, 19.246253, 19.501957, 19.585274 ] }, { "date": "2023-10-27", "close": 18.5913, "volume": 53009, "typical_volume": 42514.35, "trend": 19.609563, "fair_value": 18.782162, "relative_strength": -2.097575, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.761848, "energy": 82.085391, "activity_lines": [ 18.85842, 19.107025, 19.400302, 19.518194 ] }, { "date": "2023-11-03", "close": 19.4198, "volume": 45539, "typical_volume": 40944.15, "trend": 19.612393, "fair_value": 18.787906, "relative_strength": -3.36137, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.544635, "energy": 58.063563, "activity_lines": [ 19.009273, 19.132344, 19.382933, 19.505951 ] }, { "date": "2023-11-10", "close": 19.2898, "volume": 35878, "typical_volume": 37760.0, "trend": 19.60388, "fair_value": 18.792388, "relative_strength": -5.247792, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.463834, "energy": 40.4782, "activity_lines": [ 19.10414, 19.134669, 19.356088, 19.485139 ] }, { "date": "2023-11-17", "close": 19.84, "volume": 35262, "typical_volume": 38487.5, "trend": 19.611037, "fair_value": 18.801658, "relative_strength": -4.692759, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.858978, "energy": 13.481356, "activity_lines": [ 19.370747, 19.246344, 19.383072, 19.500372 ] }, { "date": "2023-11-24", "close": 19.9402, "volume": 75655, "typical_volume": 42053.05, "trend": 19.620557, "fair_value": 18.811646, "relative_strength": -5.09796, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 16.155756, "energy": 27.055521, "activity_lines": [ 19.624087, 19.369787, 19.420104, 19.521609 ] }, { "date": "2023-12-01", "close": 20.0848, "volume": 103634, "typical_volume": 46224.95, "trend": 19.632473, "fair_value": 18.822717, "relative_strength": -5.133193, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.338939, "energy": 38.904167, "activity_lines": [ 19.846947, 19.517336, 19.46939, 19.55156 ] }, { "date": "2023-12-08", "close": 20.085, "volume": 86285, "typical_volume": 49844.45, "trend": 19.6473, "fair_value": 18.833598, "relative_strength": -5.24409, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.17886, "energy": 52.177631, "activity_lines": [ 19.970307, 19.652595, 19.51922, 19.580755 ] }, { "date": "2023-12-15", "close": 20.332, "volume": 33445, "typical_volume": 50982.95, "trend": 19.665533, "fair_value": 18.846405, "relative_strength": -6.176749, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.003495, "energy": 65.629062, "activity_lines": [ 20.131653, 19.817216, 19.593382, 19.624929 ] }, { "date": "2023-12-22", "close": 20.5807, "volume": 20024, "typical_volume": 51485.25, "trend": 19.700563, "fair_value": 18.861103, "relative_strength": -5.732596, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.04218, "energy": 75.432953, "activity_lines": [ 20.30642, 20.004927, 19.691435, 19.683972 ] }, { "date": "2023-12-29", "close": 20.7399, "volume": 9657, "typical_volume": 50788.5, "trend": 19.7359, "fair_value": 18.876891, "relative_strength": -5.175155, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.237154, "energy": 88.40033, "activity_lines": [ 20.484873, 20.195389, 19.801549, 19.751026 ] }, { "date": "2024-01-05", "close": 20.4683, "volume": 7895, "typical_volume": 50503.8, "trend": 19.7608, "fair_value": 18.890152, "relative_strength": -4.76416, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.94661, "energy": 82.029681, "activity_lines": [ 20.51948, 20.300471, 19.881987, 19.798278 ] }, { "date": "2024-01-12", "close": 20.6448, "volume": 23329, "typical_volume": 50997.55, "trend": 19.7813, "fair_value": 18.904654, "relative_strength": -5.521606, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.822868, "energy": 83.429535, "activity_lines": [ 20.587353, 20.403516, 19.97394, 19.85531 ] }, { "date": "2024-01-19", "close": 20.3999, "volume": 12039, "typical_volume": 50894.75, "trend": 19.808297, "fair_value": 18.91691, "relative_strength": -7.513334, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.087709, "energy": 65.647444, "activity_lines": [ 20.536273, 20.439762, 20.036903, 19.89522 ] }, { "date": "2024-01-26", "close": 20.645, "volume": 12114, "typical_volume": 51018.95, "trend": 19.831593, "fair_value": 18.930959, "relative_strength": -7.146003, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.904771, "energy": 55.092121, "activity_lines": [ 20.562367, 20.500387, 20.120363, 19.949201 ] }, { "date": "2024-02-02", "close": 20.6548, "volume": 11635, "typical_volume": 47793.35, "trend": 19.86604, "fair_value": 18.944861, "relative_strength": -8.2054, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.28518, "energy": 57.849656, "activity_lines": [ 20.58744, 20.548158, 20.199233, 20.002311 ] }, { "date": "2024-02-09", "close": 20.6652, "volume": 27266, "typical_volume": 45359.6, "trend": 19.881713, "fair_value": 18.958624, "relative_strength": -9.190075, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.713857, "energy": 55.345535, "activity_lines": [ 20.621653, 20.584827, 20.275119, 20.05387 ] }, { "date": "2024-02-16", "close": 20.815, "volume": 25631, "typical_volume": 38452.65, "trend": 19.90038, "fair_value": 18.973357, "relative_strength": -7.994031, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.278625, "energy": 73.1982, "activity_lines": [ 20.692673, 20.63818, 20.359279, 20.114082 ] }, { "date": "2024-02-23", "close": 21.065, "volume": 9326, "typical_volume": 36653.6, "trend": 19.923387, "fair_value": 18.989827, "relative_strength": -8.164572, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.214261, "energy": 86.114206, "activity_lines": [ 20.83568, 20.723715, 20.459701, 20.189218 ] }, { "date": "2024-03-01", "close": 21.1761, "volume": 3359, "typical_volume": 33284.7, "trend": 19.964933, "fair_value": 19.006907, "relative_strength": -8.324489, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.165174, "energy": 88.546416, "activity_lines": [ 20.97138, 20.816122, 20.561418, 20.270039 ] }, { "date": "2024-03-08", "close": 21.4599, "volume": 4833, "typical_volume": 31790.75, "trend": 20.0156, "fair_value": 19.025922, "relative_strength": -6.605861, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.23678, "energy": 93.651051, "activity_lines": [ 21.166273, 20.949304, 20.680467, 20.366488 ] }, { "date": "2024-03-15", "close": 21.3802, "volume": 7212, "typical_volume": 29500.9, "trend": 20.083063, "fair_value": 19.044032, "relative_strength": -6.659789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.123115, "energy": 90.923932, "activity_lines": [ 21.280927, 21.054904, 20.77907, 20.454527 ] }, { "date": "2024-03-22", "close": 21.5549, "volume": 3465, "typical_volume": 27397.2, "trend": 20.153053, "fair_value": 19.063199, "relative_strength": -7.689441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.895647, "energy": 91.859162, "activity_lines": [ 21.406147, 21.175687, 20.88103, 20.549484 ] }, { "date": "2024-03-29", "close": 21.595, "volume": 17806, "typical_volume": 26493.6, "trend": 20.21282, "fair_value": 19.08238, "relative_strength": -7.593279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.436352, "energy": 90.082303, "activity_lines": [ 21.495407, 21.287215, 20.976641, 20.642513 ] }, { "date": "2024-04-05", "close": 21.4088, "volume": 23027, "typical_volume": 25881.85, "trend": 20.276937, "fair_value": 19.099871, "relative_strength": -7.305015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.73166, "energy": 75.679627, "activity_lines": [ 21.487267, 21.343158, 21.043543, 20.719673 ] }, { "date": "2024-04-12", "close": 21.0499, "volume": 14336, "typical_volume": 22815.9, "trend": 20.317933, "fair_value": 19.114424, "relative_strength": -7.231441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.879274, "energy": 59.443093, "activity_lines": [ 21.34398, 21.31996, 21.068793, 20.769542 ] }, { "date": "2024-04-19", "close": 20.8057, "volume": 9762, "typical_volume": 18122.3, "trend": 20.364563, "fair_value": 19.126952, "relative_strength": -5.144042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.054603, "energy": 37.136838, "activity_lines": [ 21.146627, 21.245178, 21.065501, 20.80101 ] }, { "date": "2024-04-26", "close": 21.2071, "volume": 10076, "typical_volume": 14311.85, "trend": 20.430467, "fair_value": 19.142247, "relative_strength": -5.551049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.873115, "energy": 28.101928, "activity_lines": [ 21.121373, 21.240824, 21.097006, 20.855368 ] }, { "date": "2024-05-03", "close": 21.4254, "volume": 6754, "typical_volume": 12977.3, "trend": 20.507483, "fair_value": 19.158912, "relative_strength": -4.870969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.673658, "energy": 29.88061, "activity_lines": [ 21.192073, 21.269031, 21.143957, 20.919557 ] }, { "date": "2024-05-10", "close": 21.7452, "volume": 13217, "typical_volume": 12636.95, "trend": 20.594323, "fair_value": 19.177654, "relative_strength": -4.944864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.951193, "energy": 48.084512, "activity_lines": [ 21.38068, 21.348831, 21.216159, 20.999409 ] }, { "date": "2024-05-17", "close": 22.0386, "volume": 9744, "typical_volume": 12641.3, "trend": 20.70361, "fair_value": 19.198236, "relative_strength": -4.965779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.132595, "energy": 74.168784, "activity_lines": [ 21.64466, 21.471629, 21.310759, 21.092589 ] }, { "date": "2024-05-24", "close": 21.9099, "volume": 93373, "typical_volume": 16915.2, "trend": 20.81423, "fair_value": 19.217605, "relative_strength": -5.278115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.55727, "energy": 83.65984, "activity_lines": [ 21.799827, 21.560505, 21.386917, 21.170414 ] }, { "date": "2024-05-31", "close": 21.9323, "volume": 13370, "typical_volume": 16417.25, "trend": 20.89798, "fair_value": 19.236858, "relative_strength": -4.596132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.95573, "energy": 83.850352, "activity_lines": [ 21.888847, 21.643824, 21.458343, 21.242547 ] }, { "date": "2024-06-07", "close": 21.9798, "volume": 12485, "typical_volume": 16439.55, "trend": 20.987647, "fair_value": 19.256175, "relative_strength": -5.353611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.565264, "energy": 83.384988, "activity_lines": [ 21.945353, 21.728916, 21.528163, 21.312342 ] }, { "date": "2024-06-14", "close": 21.4928, "volume": 4185, "typical_volume": 16043.1, "trend": 21.04274, "fair_value": 19.271815, "relative_strength": -8.684662, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.878016, "energy": 49.186833, "activity_lines": [ 21.802567, 21.718467, 21.544078, 21.344933 ] }, { "date": "2024-06-21", "close": 21.5399, "volume": 9691, "typical_volume": 15945.9, "trend": 21.096063, "fair_value": 19.287566, "relative_strength": -8.81519, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.440415, "energy": 33.707629, "activity_lines": [ 21.692307, 21.715055, 21.560442, 21.377008 ] }, { "date": "2024-06-28", "close": 21.5801, "volume": 66579, "typical_volume": 17911.55, "trend": 21.145907, "fair_value": 19.303377, "relative_strength": -8.353546, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.898555, "energy": 23.407156, "activity_lines": [ 21.628693, 21.710042, 21.57642, 21.408236 ] }, { "date": "2024-07-05", "close": 22.0598, "volume": 7434, "typical_volume": 17001.7, "trend": 21.211733, "fair_value": 19.322256, "relative_strength": -7.847117, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.479167, "energy": 29.865702, "activity_lines": [ 21.746967, 21.778167, 21.633726, 21.467197 ] }, { "date": "2024-07-12", "close": 22.4099, "volume": 9739, "typical_volume": 17022.35, "trend": 21.280997, "fair_value": 19.343261, "relative_strength": -7.048563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.127735, "energy": 50.771846, "activity_lines": [ 21.97344, 21.894444, 21.718448, 21.544498 ] }, { "date": "2024-07-19", "close": 21.91, "volume": 9550, "typical_volume": 17331.9, "trend": 21.325307, "fair_value": 19.360603, "relative_strength": -7.072241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.396367, "energy": 49.599536, "activity_lines": [ 22.004607, 21.901929, 21.749156, 21.585078 ] }, { "date": "2024-07-26", "close": 21.8827, "volume": 7781, "typical_volume": 17479.3, "trend": 21.3634, "fair_value": 19.37753, "relative_strength": -6.201294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.895338, "energy": 48.856462, "activity_lines": [ 21.99886, 21.901455, 21.77377, 21.621039 ] }, { "date": "2024-08-02", "close": 21.2952, "volume": 11089, "typical_volume": 17673.15, "trend": 21.390963, "fair_value": 19.390315, "relative_strength": -6.521767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.104895, "energy": 15.511208, "activity_lines": [ 21.774427, 21.796996, 21.740417, 21.616639 ] }, { "date": "2024-08-09", "close": 21.3683, "volume": 11296, "typical_volume": 18064.7, "trend": 21.41508, "fair_value": 19.403414, "relative_strength": -5.993381, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.413296, "energy": 14.300723, "activity_lines": [ 21.593353, 21.717005, 21.714431, 21.615177 ] }, { "date": "2024-08-16", "close": 22.1232, "volume": 13031, "typical_volume": 17825.95, "trend": 21.472523, "fair_value": 19.421307, "relative_strength": -6.201872, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.213401, "energy": 21.623528, "activity_lines": [ 21.710013, 21.784524, 21.76123, 21.660862 ] }, { "date": "2024-08-23", "close": 22.7854, "volume": 8788, "typical_volume": 17114.0, "trend": 21.54387, "fair_value": 19.443295, "relative_strength": -4.552383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.720052, "energy": 35.124512, "activity_lines": [ 22.06652, 21.969835, 21.868579, 21.745564 ] }, { "date": "2024-08-30", "close": 22.8593, "volume": 14924, "typical_volume": 17143.4, "trend": 21.617353, "fair_value": 19.465477, "relative_strength": -4.334927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.017485, "energy": 71.429688, "activity_lines": [ 22.3893, 22.14508, 21.976411, 21.830431 ] }, { "date": "2024-09-06", "close": 21.9715, "volume": 12538, "typical_volume": 17282.2, "trend": 21.660897, "fair_value": 19.481645, "relative_strength": -3.921262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.026343, "energy": 63.042578, "activity_lines": [ 22.35104, 22.134918, 21.991075, 21.853279 ] }, { "date": "2024-09-13", "close": 22.4402, "volume": 9600, "typical_volume": 17258.4, "trend": 21.71507, "fair_value": 19.50061, "relative_strength": -5.42656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.874395, "energy": 65.545291, "activity_lines": [ 22.423927, 22.202858, 22.044826, 21.903556 ] }, { "date": "2024-09-20", "close": 22.685, "volume": 143312, "typical_volume": 24086.3, "trend": 21.76907, "fair_value": 19.517752, "relative_strength": -5.486258, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.921049, "energy": 59.095205, "activity_lines": [ 22.506953, 22.308391, 22.116019, 21.966132 ] }, { "date": "2024-09-27", "close": 22.9, "volume": 157335, "typical_volume": 31292.2, "trend": 21.826533, "fair_value": 19.538422, "relative_strength": -4.888943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.878391, "energy": 45.412471, "activity_lines": [ 22.624193, 22.448013, 22.20169, 22.039096 ] }, { "date": "2024-10-04", "close": 22.6052, "volume": 157507, "typical_volume": 38680.35, "trend": 21.86471, "fair_value": 19.557367, "relative_strength": -6.118557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.156487, "energy": 45.277912, "activity_lines": [ 22.635527, 22.516035, 22.253785, 22.089332 ] }, { "date": "2024-10-11", "close": 22.55, "volume": 283499, "typical_volume": 48186.65, "trend": 21.903703, "fair_value": 19.573874, "relative_strength": -7.157193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.818485, "energy": 42.026285, "activity_lines": [ 22.6454, 22.560884, 22.297926, 22.133545 ] }, { "date": "2024-10-18", "close": 22.51, "volume": 173312, "typical_volume": 56183.75, "trend": 21.93554, "fair_value": 19.589722, "relative_strength": -7.835362, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.869269, "energy": 37.490359, "activity_lines": [ 22.603373, 22.575645, 22.335209, 22.17266 ] }, { "date": "2024-10-25", "close": 22.2301, "volume": 79843, "typical_volume": 59551.65, "trend": 21.95671, "fair_value": 19.603747, "relative_strength": -7.790993, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.598398, "energy": 21.014014, "activity_lines": [ 22.463393, 22.518758, 22.343083, 22.191664 ] }, { "date": "2024-11-01", "close": 22.1549, "volume": 136202, "typical_volume": 66152.5, "trend": 21.98158, "fair_value": 19.615778, "relative_strength": -6.535594, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.353922, "energy": 16.170751, "activity_lines": [ 22.328673, 22.446255, 22.342604, 22.204451 ] }, { "date": "2024-11-08", "close": 22.1275, "volume": 92726, "typical_volume": 70304.25, "trend": 22.0175, "fair_value": 19.628199, "relative_strength": -10.582173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.990535, "energy": 16.203306, "activity_lines": [ 22.234493, 22.380233, 22.336363, 22.213865 ] }, { "date": "2024-11-15", "close": 21.84, "volume": 97112, "typical_volume": 71830.9, "trend": 22.051977, "fair_value": 19.639892, "relative_strength": -9.561745, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.286923, "energy": 18.643384, "activity_lines": [ 22.076327, 22.275244, 22.299942, 22.202413 ] }, { "date": "2024-11-22", "close": 21.84, "volume": 230741, "typical_volume": 82996.25, "trend": 22.073073, "fair_value": 19.655366, "relative_strength": -10.722677, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.182378, "energy": 33.541962, "activity_lines": [ 21.965493, 22.172645, 22.262284, 22.188737 ] }, { "date": "2024-11-29", "close": 22.035, "volume": 114139, "typical_volume": 88216.25, "trend": 22.093393, "fair_value": 19.672438, "relative_strength": -10.652888, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.186486, "energy": 32.295698, "activity_lines": [ 21.964327, 22.116415, 22.244244, 22.186281 ] }, { "date": "2024-12-06", "close": 22.2371, "volume": 52213, "typical_volume": 90349.4, "trend": 22.10979, "fair_value": 19.688247, "relative_strength": -10.291265, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.698669, "energy": 28.95902, "activity_lines": [ 22.043533, 22.108747, 22.247237, 22.195552 ] }, { "date": "2024-12-13", "close": 22.06, "volume": 74917, "typical_volume": 93706.2, "trend": 22.110503, "fair_value": 19.704057, "relative_strength": -10.169616, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.295782, "energy": 14.683946, "activity_lines": [ 22.058227, 22.080933, 22.231806, 22.19234 ] }, { "date": "2024-12-20", "close": 21.72, "volume": 68854, "typical_volume": 96594.45, "trend": 22.104173, "fair_value": 19.715987, "relative_strength": -9.589909, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.566574, "energy": 21.115174, "activity_lines": [ 21.964087, 22.001213, 22.183149, 22.167146 ] }, { "date": "2024-12-27", "close": 21.8098, "volume": 15938, "typical_volume": 96826.55, "trend": 22.10009, "fair_value": 19.728231, "relative_strength": -9.482123, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.270938, "energy": 25.97841, "activity_lines": [ 21.90788, 21.952911, 22.141022, 22.148155 ] }, { "date": "2025-01-03", "close": 21.7549, "volume": 69800, "typical_volume": 99665.0, "trend": 22.092593, "fair_value": 19.740099, "relative_strength": -8.916544, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.20207, "energy": 45.618305, "activity_lines": [ 21.835387, 21.907358, 22.091564, 22.125884 ] }, { "date": "2025-01-10", "close": 21.6848, "volume": 160829, "typical_volume": 107267.05, "trend": 22.098993, "fair_value": 19.751348, "relative_strength": -7.129577, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.503427, "energy": 53.695024, "activity_lines": [ 21.7582, 21.8577, 22.037183, 22.099575 ] }, { "date": "2025-01-17", "close": 21.9345, "volume": 83261, "typical_volume": 110683.9, "trend": 22.112147, "fair_value": 19.766919, "relative_strength": -8.478853, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.072004, "energy": 47.28188, "activity_lines": [ 21.801067, 21.861989, 22.011825, 22.088963 ] }, { "date": "2025-01-24", "close": 22.2482, "volume": 34072, "typical_volume": 111760.6, "trend": 22.134417, "fair_value": 19.786331, "relative_strength": -8.479687, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.670568, "energy": 18.720522, "activity_lines": [ 21.956867, 21.926824, 22.020746, 22.09774 ] }, { "date": "2025-01-31", "close": 22.3, "volume": 63806, "typical_volume": 114470.9, "trend": 22.142423, "fair_value": 19.804429, "relative_strength": -7.094012, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.18025, "energy": 14.910649, "activity_lines": [ 22.09472, 21.993655, 22.033283, 22.108423 ] }, { "date": "2025-02-07", "close": 22.345, "volume": 328784, "typical_volume": 123744.5, "trend": 22.14026, "fair_value": 19.823168, "relative_strength": -6.538065, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 22.710094, "energy": 28.765809, "activity_lines": [ 22.214893, 22.060304, 22.050774, 22.121492 ] }, { "date": "2025-02-14", "close": 22.6949, "volume": 78016, "typical_volume": 119778.55, "trend": 22.166423, "fair_value": 19.844674, "relative_strength": -6.239155, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.444257, "energy": 54.277444, "activity_lines": [ 22.41236, 22.184935, 22.103207, 22.157276 ] }, { "date": "2025-02-21", "close": 22.69, "volume": 70925, "typical_volume": 115449.45, "trend": 22.193333, "fair_value": 19.866997, "relative_strength": -4.540652, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.398747, "energy": 64.395116, "activity_lines": [ 22.540853, 22.300351, 22.15615, 22.191055 ] }, { "date": "2025-02-28", "close": 22.6447, "volume": 575318, "typical_volume": 130040.4, "trend": 22.238317, "fair_value": 19.895289, "relative_strength": -3.63419, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.017155, "energy": 63.146705, "activity_lines": [ 22.60388, 22.396076, 22.204376, 22.220175 ] }, { "date": "2025-03-07", "close": 23.17, "volume": 121334, "typical_volume": 127441.5, "trend": 22.298373, "fair_value": 19.927294, "relative_strength": 1.83856, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.88371, "energy": 78.140485, "activity_lines": [ 22.815573, 22.570498, 22.302179, 22.280284 ] }, { "date": "2025-03-14", "close": 23.05, "volume": 715093, "typical_volume": 159204.0, "trend": 22.329267, "fair_value": 19.953126, "relative_strength": 3.741032, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.969993, "energy": 72.56915, "activity_lines": [ 22.929267, 22.698371, 22.38541, 22.328776 ] }, { "date": "2025-03-21", "close": 23.05, "volume": 114981, "typical_volume": 158142.95, "trend": 22.338087, "fair_value": 19.97892, "relative_strength": 3.266178, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.025298, "energy": 81.794512, "activity_lines": [ 22.99596, 22.802696, 22.464737, 22.375275 ] }, { "date": "2025-03-28", "close": 22.79, "volume": 159279, "typical_volume": 161470.6, "trend": 22.335777, "fair_value": 20.002491, "relative_strength": 3.670176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.50006, "energy": 69.127444, "activity_lines": [ 22.952313, 22.834927, 22.51504, 22.404431 ] }, { "date": "2025-04-04", "close": 21.72, "volume": 135450, "typical_volume": 163387.5, "trend": 22.327393, "fair_value": 20.020533, "relative_strength": 8.592588, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 13.393287, "energy": 12.019311, "activity_lines": [ 22.545333, 22.657058, 22.460283, 22.364703 ] }, { "date": "2025-04-11", "close": 22.38, "volume": 336964, "typical_volume": 168698.65, "trend": 22.325387, "fair_value": 20.043333, "relative_strength": 5.876805, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 29.705255, "energy": 22.458877, "activity_lines": [ 22.42, 22.608793, 22.468955, 22.368097 ] }, { "date": "2025-04-18", "close": 22.7, "volume": 179821, "typical_volume": 171982.75, "trend": 22.325887, "fair_value": 20.069729, "relative_strength": 8.896652, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.285631, "energy": 25.612536, "activity_lines": [ 22.454, 22.617255, 22.505532, 22.392266 ] }, { "date": "2025-04-25", "close": 23.2, "volume": 158972, "typical_volume": 177320.7, "trend": 22.335887, "fair_value": 20.101087, "relative_strength": 6.404185, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.512909, "energy": 27.658532, "activity_lines": [ 22.678, 22.710171, 22.586561, 22.44866 ] }, { "date": "2025-05-02", "close": 23.4799, "volume": 291898, "typical_volume": 188169.75, "trend": 22.365043, "fair_value": 20.136031, "relative_strength": 4.67627, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.81966, "energy": 55.120528, "activity_lines": [ 22.9853, 22.844795, 22.689662, 22.522467 ] }, { "date": "2025-05-09", "close": 23.5, "volume": 93191, "typical_volume": 189386.6, "trend": 22.39671, "fair_value": 20.171404, "relative_strength": 5.247795, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.178819, "energy": 75.595338, "activity_lines": [ 23.253307, 22.968711, 22.787916, 22.59569 ] }, { "date": "2025-05-16", "close": 23.71, "volume": 136695, "typical_volume": 195424.45, "trend": 22.43671, "fair_value": 20.206954, "relative_strength": 0.96257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.939386, "energy": 83.322492, "activity_lines": [ 23.472647, 23.115258, 22.897693, 22.680419 ] }, { "date": "2025-05-23", "close": 23.7701, "volume": 44348, "typical_volume": 194151.85, "trend": 22.488043, "fair_value": 20.239531, "relative_strength": 3.899569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.412643, "energy": 83.485464, "activity_lines": [ 23.623353, 23.262915, 23.004146, 22.766444 ] }, { "date": "2025-05-30", "close": 23.9699, "volume": 32606, "typical_volume": 187740.7, "trend": 22.548543, "fair_value": 20.273922, "relative_strength": 3.018038, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.125072, "energy": 84.733699, "activity_lines": [ 23.76932, 23.433805, 23.120031, 22.862048 ] }, { "date": "2025-06-06", "close": 24.0959, "volume": 47544, "typical_volume": 185954.85, "trend": 22.614157, "fair_value": 20.3139, "relative_strength": 1.947052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.473022, "energy": 85.271777, "activity_lines": [ 23.90596, 23.61088, 23.237035, 22.961877 ] }, { "date": "2025-06-13", "close": 24.0451, "volume": 46248, "typical_volume": 186563.65, "trend": 22.68766, "fair_value": 20.358466, "relative_strength": 2.088018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.136963, "energy": 79.45347, "activity_lines": [ 23.9846, 23.754975, 23.338909, 23.054196 ] }, { "date": "2025-06-20", "close": 23.826, "volume": 42359, "typical_volume": 185491.3, "trend": 22.75386, "fair_value": 20.39821, "relative_strength": 1.318436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.367888, "energy": 59.980106, "activity_lines": [ 23.953867, 23.816958, 23.411359, 23.127637 ] }, { "date": "2025-06-27", "close": 24.3448, "volume": 263260, "typical_volume": 182215.1, "trend": 22.830853, "fair_value": 20.442939, "relative_strength": 0.078384, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.138747, "energy": 61.83759, "activity_lines": [ 24.088333, 23.946978, 23.525951, 23.230278 ] }, { "date": "2025-07-04", "close": 24.3601, "volume": 73040, "typical_volume": 181966.3, "trend": 22.90162, "fair_value": 20.488074, "relative_strength": -1.466108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.540568, "energy": 67.918865, "activity_lines": [ 24.189587, 24.049875, 23.632479, 23.32894 ] }, { "date": "2025-07-11", "close": 24.3104, "volume": 215131, "typical_volume": 189176.6, "trend": 22.976633, "fair_value": 20.534533, "relative_strength": -1.322351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.375671, "energy": 74.284768, "activity_lines": [ 24.24826, 24.122642, 23.726343, 23.419829 ] }, { "date": "2025-07-18", "close": 24.25, "volume": 23938, "typical_volume": 161607.6, "trend": 23.060967, "fair_value": 20.577375, "relative_strength": -2.104513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.203542, "energy": 79.000981, "activity_lines": [ 24.2725, 24.169327, 23.806739, 23.501981 ] }, { "date": "2025-07-25", "close": 24.67, "volume": 241291, "typical_volume": 167605.45, "trend": 23.156307, "fair_value": 20.619283, "relative_strength": -1.80291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.667691, "energy": 88.352414, "activity_lines": [ 24.42308, 24.27874, 23.91949, 23.60579 ] }, { "date": "2025-08-01", "close": 23.974, "volume": 18360, "typical_volume": 132768.8, "trend": 23.230277, "fair_value": 20.657731, "relative_strength": -2.122102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.334447, "energy": 53.95454, "activity_lines": [ 24.285393, 24.244153, 23.958813, 23.658544 ] }, { "date": "2025-08-08", "close": 24.6356, "volume": 44165, "typical_volume": 129228.0, "trend": 23.328637, "fair_value": 20.697688, "relative_strength": -1.769023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.495855, "energy": 56.938631, "activity_lines": [ 24.39296, 24.326149, 24.056745, 23.74921 ] }, { "date": "2025-08-15", "close": 24.95, "volume": 127969, "typical_volume": 127662.5, "trend": 23.429153, "fair_value": 20.742788, "relative_strength": -1.404703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.641674, "energy": 63.10115, "activity_lines": [ 24.58696, 24.453205, 24.17707, 23.853814 ] }, { "date": "2025-08-22", "close": 25.1556, "volume": 45387, "typical_volume": 123159.35, "trend": 23.526067, "fair_value": 20.79238, "relative_strength": -0.780575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.050871, "energy": 66.715816, "activity_lines": [ 24.806853, 24.602115, 24.30669, 23.965198 ] }, { "date": "2025-08-29", "close": 24.9199, "volume": 22274, "typical_volume": 107424.85, "trend": 23.613397, "fair_value": 20.844049, "relative_strength": -1.553759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.318992, "energy": 73.918209, "activity_lines": [ 24.887807, 24.687978, 24.397502, 24.055123 ] }, { "date": "2025-09-05", "close": 25.0147, "volume": 21373, "typical_volume": 99502.45, "trend": 23.702387, "fair_value": 20.89312, "relative_strength": -1.391954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.928813, "energy": 75.210403, "activity_lines": [ 24.9837, 24.771189, 24.485249, 24.145529 ] }, { "date": "2025-09-12", "close": 25.2854, "volume": 20466, "typical_volume": 92577.15, "trend": 23.788737, "fair_value": 20.947076, "relative_strength": -1.772228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.258849, "energy": 73.237276, "activity_lines": [ 25.100447, 24.891438, 24.587753, 24.247659 ] }, { "date": "2025-09-19", "close": 25.42, "volume": 153868, "typical_volume": 85675.65, "trend": 23.879737, "fair_value": 21.007588, "relative_strength": -2.353728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.450432, "energy": 67.749481, "activity_lines": [ 25.21874, 25.019336, 24.693147, 24.352902 ] }, { "date": "2025-09-26", "close": 25.31, "volume": 471447, "typical_volume": 104588.45, "trend": 23.96858, "fair_value": 21.068723, "relative_strength": -2.38934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.116295, "energy": 69.419709, "activity_lines": [ 25.269033, 25.10706, 24.778825, 24.445177 ] }, { "date": "2025-10-03", "close": 25.6906, "volume": 228056, "typical_volume": 109156.5, "trend": 24.0526, "fair_value": 21.131129, "relative_strength": -1.941493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.891197, "energy": 77.909253, "activity_lines": [ 25.4359, 25.244711, 24.892132, 24.556275 ] }, { "date": "2025-10-10", "close": 25.2498, "volume": 109876, "typical_volume": 112432.9, "trend": 24.125927, "fair_value": 21.191769, "relative_strength": -1.200008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.147163, "energy": 58.603499, "activity_lines": [ 25.404453, 25.28366, 24.954027, 24.633514 ] }, { "date": "2025-10-17", "close": 25.6, "volume": 104833, "typical_volume": 116044.25, "trend": 24.210927, "fair_value": 21.251962, "relative_strength": -1.522663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.358178, "energy": 58.604691, "activity_lines": [ 25.474067, 25.363085, 25.042228, 24.728615 ] }, { "date": "2025-10-24", "close": 25.64, "volume": 180075, "typical_volume": 122670.8, "trend": 24.305927, "fair_value": 21.309795, "relative_strength": -3.194212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.72242, "energy": 59.006337, "activity_lines": [ 25.53604, 25.432249, 25.126476, 24.820814 ] }, { "date": "2025-10-31", "close": 25.52, "volume": 102888, "typical_volume": 125502.8, "trend": 24.432593, "fair_value": 21.365999, "relative_strength": -4.239608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.179721, "energy": 53.618273, "activity_lines": [ 25.543347, 25.467049, 25.191943, 24.899141 ] }, { "date": "2025-11-07", "close": 25.4593, "volume": 175444, "typical_volume": 132157.05, "trend": 24.535237, "fair_value": 21.415908, "relative_strength": -2.912533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.959534, "energy": 52.938089, "activity_lines": [ 25.51642, 25.484187, 25.244605, 24.96538 ] }, { "date": "2025-11-14", "close": 25.64, "volume": 58208, "typical_volume": 121904.45, "trend": 24.633237, "fair_value": 21.466934, "relative_strength": -2.383398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.855898, "energy": 53.453423, "activity_lines": [ 25.565147, 25.524373, 25.3067, 25.036655 ] }, { "date": "2025-11-21", "close": 25.27, "volume": 185252, "typical_volume": 127515.05, "trend": 24.702237, "fair_value": 21.513737, "relative_strength": -1.96798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.965605, "energy": 35.266612, "activity_lines": [ 25.464527, 25.485916, 25.327388, 25.077737 ] }, { "date": "2025-11-28", "close": 25.66, "volume": 149879, "typical_volume": 124252.45, "trend": 24.774907, "fair_value": 21.561496, "relative_strength": -4.028662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.518604, "energy": 37.23833, "activity_lines": [ 25.515907, 25.518649, 25.380887, 25.139528 ] }, { "date": "2025-12-05", "close": 25.7105, "volume": 78716, "typical_volume": 126991.35, "trend": 24.84859, "fair_value": 21.610784, "relative_strength": -4.184339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.156223, "energy": 43.252613, "activity_lines": [ 25.582787, 25.5562, 25.432768, 25.199889 ] }, { "date": "2025-12-12", "close": 25.86, "volume": 70968, "typical_volume": 118475.2, "trend": 24.920257, "fair_value": 21.662515, "relative_strength": -3.118249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.415345, "energy": 47.334776, "activity_lines": [ 25.6868, 25.613651, 25.491933, 25.265141 ] }, { "date": "2025-12-19", "close": 25.9175, "volume": 83197, "typical_volume": 121717.05, "trend": 24.991837, "fair_value": 21.713588, "relative_strength": -3.063099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.669553, "energy": 57.924558, "activity_lines": [ 25.783267, 25.678476, 25.550907, 25.329479 ] }, { "date": "2025-12-26", "close": 26.0746, "volume": 50800, "typical_volume": 122048.8, "trend": 25.061993, "fair_value": 21.765612, "relative_strength": -3.88112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.081606, "energy": 72.217996, "activity_lines": [ 25.9136, 25.759725, 25.615589, 25.399335 ] }, { "date": "2026-01-02", "close": 26.1398, "volume": 16060, "typical_volume": 116453.35, "trend": 25.130123, "fair_value": 21.815235, "relative_strength": -2.685174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.855417, "energy": 76.815817, "activity_lines": [ 26.012027, 25.8442, 25.679627, 25.468871 ] }, { "date": "2026-01-09", "close": 26.38, "volume": 109597, "typical_volume": 119663.85, "trend": 25.207953, "fair_value": 21.863505, "relative_strength": -3.343394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.557952, "energy": 85.325182, "activity_lines": [ 26.158533, 25.96326, 25.760876, 25.549508 ] }, { "date": "2026-01-16", "close": 26.55, "volume": 546248, "typical_volume": 145862.55, "trend": 25.298753, "fair_value": 21.912435, "relative_strength": -2.441222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.817865, "energy": 91.451318, "activity_lines": [ 26.317073, 26.097593, 25.852485, 25.636092 ] }, { "date": "2026-01-23", "close": 26.61, "volume": 37557, "typical_volume": 146671.75, "trend": 25.37426, "fair_value": 21.960592, "relative_strength": -1.951996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.270039, "energy": 90.047648, "activity_lines": [ 26.449613, 26.223004, 25.942046, 25.720688 ] }, { "date": "2026-01-30", "close": 26.65, "volume": 141285, "typical_volume": 152712.7, "trend": 25.45059, "fair_value": 22.009149, "relative_strength": -2.242377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.382707, "energy": 88.492938, "activity_lines": [ 26.54932, 26.338051, 26.02782, 25.802994 ] }, { "date": "2026-02-06", "close": 26.88, "volume": 45854, "typical_volume": 147312.0, "trend": 25.536243, "fair_value": 22.060174, "relative_strength": -1.26822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.577878, "energy": 89.372818, "activity_lines": [ 26.687333, 26.469825, 26.129, 25.895214 ] }, { "date": "2026-02-13", "close": 26.9759, "volume": 25344, "typical_volume": 125006.85, "trend": 25.627107, "fair_value": 22.110885, "relative_strength": 0.27975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.497592, "energy": 86.851676, "activity_lines": [ 26.807967, 26.596855, 26.232362, 25.988095 ] }, { "date": "2026-02-20", "close": 27.059, "volume": 54266, "typical_volume": 116317.35, "trend": 25.70674, "fair_value": 22.164267, "relative_strength": -0.579588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.462593, "energy": 91.122895, "activity_lines": [ 26.916573, 26.715985, 26.335705, 26.080475 ] }, { "date": "2026-02-27", "close": 27.1262, "volume": 153335, "typical_volume": 118490.3, "trend": 25.811813, "fair_value": 22.216059, "relative_strength": 0.119023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.178263, "energy": 91.889437, "activity_lines": [ 27.013647, 26.825535, 26.438931, 26.172054 ] }, { "date": "2026-03-06", "close": 26.2699, "volume": 73510, "typical_volume": 116924.15, "trend": 25.86629, "fair_value": 22.264873, "relative_strength": -1.000189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.466749, "energy": 59.933574, "activity_lines": [ 26.790873, 26.757416, 26.45167, 26.201608 ] }, { "date": "2026-03-13", "close": 26.0382, "volume": 246157, "typical_volume": 120228.25, "trend": 25.902563, "fair_value": 22.31366, "relative_strength": -0.275416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.492982, "energy": 27.21584, "activity_lines": [ 26.516207, 26.64362, 26.439153, 26.212698 ] }, { "date": "2026-03-20", "close": 25.6555, "volume": 66745, "typical_volume": 118421.1, "trend": 25.919227, "fair_value": 22.358113, "relative_strength": 0.147036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.20379, "energy": 22.894204, "activity_lines": [ 26.170093, 26.462089, 26.388291, 26.196759 ] }, { "date": "2026-03-27", "close": 25.6838, "volume": 43957, "typical_volume": 111846.75, "trend": 25.94469, "fair_value": 22.399447, "relative_strength": 2.595915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.062986, "energy": 42.529302, "activity_lines": [ 25.92144, 26.298876, 26.33948, 26.18157 ] }, { "date": "2026-04-03", "close": 26.27, "volume": 30219, "typical_volume": 110447.3, "trend": 25.986533, "fair_value": 22.443903, "relative_strength": 1.628431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.367925, "energy": 33.625573, "activity_lines": [ 25.959867, 26.257995, 26.345428, 26.202558 ] }, { "date": "2026-04-10", "close": 26.9, "volume": 50828, "typical_volume": 103726.1, "trend": 26.040353, "fair_value": 22.491049, "relative_strength": 0.584178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.779523, "energy": 21.972104, "activity_lines": [ 26.265373, 26.33784, 26.408376, 26.261491 ] }, { "date": "2026-04-17", "close": 27.155, "volume": 62831, "typical_volume": 99373.7, "trend": 26.098187, "fair_value": 22.539317, "relative_strength": -2.59309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.566543, "energy": 34.924072, "activity_lines": [ 26.613873, 26.459504, 26.487848, 26.333404 ] }, { "date": "2026-04-24", "close": 26.865, "volume": 78213, "typical_volume": 99348.55, "trend": 26.15002, "fair_value": 22.585537, "relative_strength": -3.911523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.436673, "energy": 42.102745, "activity_lines": [ 26.791253, 26.52344, 26.532582, 26.382876 ] }, { "date": "2026-05-01", "close": 26.9752, "volume": 33881, "typical_volume": 97494.2, "trend": 26.19284, "fair_value": 22.631998, "relative_strength": -4.205362, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.17777, "energy": 52.904984, "activity_lines": [ 26.924733, 26.609429, 26.582313, 26.436113 ] }, { "date": "2026-05-08", "close": 27.175, "volume": 13840, "typical_volume": 94026.35, "trend": 26.257013, "fair_value": 22.680298, "relative_strength": -5.47051, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.131958, "energy": 69.752285, "activity_lines": [ 27.03872, 26.733269, 26.645763, 26.499478 ] }, { "date": "2026-05-15", "close": 26.945, "volume": 39728, "typical_volume": 93472.75, "trend": 26.301847, "fair_value": 22.726196, "relative_strength": -6.286454, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.580496, "energy": 55.146561, "activity_lines": [ 27.015707, 26.814404, 26.68132, 26.543865 ] }, { "date": "2026-05-22", "close": 27.2412, "volume": 140277, "typical_volume": 99683.6, "trend": 26.35522, "fair_value": 22.775628, "relative_strength": -5.846447, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.704257, "energy": 48.061899, "activity_lines": [ 27.088427, 26.937118, 26.740941, 26.604468 ] }, { "date": "2026-05-29", "close": 27.354, "volume": 85533, "typical_volume": 98480.4, "trend": 26.416353, "fair_value": 22.824821, "relative_strength": -6.580959, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.976213, "energy": 46.502581, "activity_lines": [ 27.193, 27.058469, 26.80606, 26.668905 ] }, { "date": "2026-06-05", "close": 27.0748, "volume": 21991, "typical_volume": 72267.55, "trend": 26.470203, "fair_value": 22.871959, "relative_strength": -4.973836, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.830351, "energy": 39.315842, "activity_lines": [ 27.171907, 27.098175, 26.839951, 26.711386 ] }, { "date": "2026-06-12", "close": 27.45, "volume": 378200, "typical_volume": 89299.7, "trend": 26.530537, "fair_value": 22.919524, "relative_strength": -4.024212, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.495579, "energy": 47.306687, "activity_lines": [ 27.26924, 27.180807, 26.907077, 26.774598 ] }, { "date": "2026-06-19", "close": 27.59, "volume": 10130, "typical_volume": 82741.95, "trend": 26.60787, "fair_value": 22.970806, "relative_strength": -4.252063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.665874, "energy": 60.068898, "activity_lines": [ 27.394907, 27.26744, 26.983535, 26.842951 ] }, { "date": "2026-06-26", "close": 27.38, "volume": 31313, "typical_volume": 82014.9, "trend": 26.665203, "fair_value": 23.01846, "relative_strength": -2.547305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.871624, "energy": 49.237054, "activity_lines": [ 27.407573, 27.303345, 27.035518, 26.892766 ] }, { "date": "2026-07-03", "close": 27.6424, "volume": 13130, "typical_volume": 81404.2, "trend": 26.7296, "fair_value": 23.069876, "relative_strength": -3.590004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.596766, "energy": 64.529015, "activity_lines": [ 27.498453, 27.382869, 27.11011, 26.955811 ] }, { "date": "2026-07-10", "close": 27.695, "volume": 13239, "typical_volume": 79352.85, "trend": 26.790767, "fair_value": 23.117953, "relative_strength": -4.577681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.059282, "energy": 68.418839, "activity_lines": [ 27.58764, 27.457822, 27.186537, 27.018095 ] }, { "date": "2026-07-17", "close": 27.6016, "volume": 47548, "typical_volume": 74063.5, "trend": 26.846903, "fair_value": 23.165047, "relative_strength": -3.314145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.913538, "energy": 57.594749, "activity_lines": [ 27.604347, 27.502705, 27.251041, 27.070406 ] }, { "date": "2026-07-24", "close": 27.635, "volume": 43581, "typical_volume": 72567.05, "trend": 26.898917, "fair_value": 23.211587, "relative_strength": -2.540491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.720678, "energy": 57.629342, "activity_lines": [ 27.62208, 27.545905, 27.316462, 27.121251 ] }, { "date": "2026-07-31", "close": 27.92, "volume": 68047, "typical_volume": 63661.55, "trend": 26.958257, "fair_value": 23.262806, "relative_strength": -2.524275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.7077, "energy": 62.319353, "activity_lines": [ 27.731813, 27.628378, 27.402525, 27.187128 ] }, { "date": "2026-08-07", "close": 28.194, "volume": 30123, "typical_volume": 61830.45, "trend": 27.018723, "fair_value": 23.315717, "relative_strength": -4.781043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.534903, "energy": 73.784869, "activity_lines": [ 27.89688, 27.748327, 27.505723, 27.266853 ] } ], "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." } } }