{ "ticker": { "uuid": "7a624142-1bfb-4df0-9605-08af06baae4b", "symbol": "ULV-C", "name": "Invesco S&P 500 Low Volatility Index 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 68.713, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 61.928, "architecture_energy": 61.219, "architecture_maturity": 58.437, "architecture_confidence": 49.831, "architecture_tenure": "Developing", "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": 17.31, "rotation_up": 47.16, "upward_expansion": 76.17, "deceleration": 73.57, "rotation_down": 28.67, "downward_expansion": 16.5 }, "activity_lines": [ 38.948565, 38.897325, 38.198503, 37.837244 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 38.849998, "trend_reference": 37.433807, "distance_from_trend": 0.037832, "trend_direction": "Improving", "fair_value": 34.249919, "distance_from_fair_value": 0.134309, "fair_value_direction": "Improving", "relative_strength": -6.574935, "relative_strength_direction": "Improving", "price_momentum": 0.051911, "excess_performance": -0.068511, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.037832, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023534, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.134309, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.048091, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.065749, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049091, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.051911, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.044545, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 6.044545, "dry_up": 0.234723, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.0114, "annualized_volatility": 0.100416, "from_high_reference": -0.024285, "from_low_reference": 0.106477 }, "levels": { "trend_reference": 37.433807, "fair_value_reference": 34.249919, "structural_low": 35.93272, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.007364, "positive_rate": 0.542857, "directional_follow_through": 0.542857, "median_excess_return": -0.001352, "regime_survival": 0.714286, "best_return": 0.069678, "worst_return": -0.063821, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.005718, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": 0.008617, "regime_survival": 0.428571, "best_return": 0.07649, "worst_return": -0.071752, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.008833, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.009049, "regime_survival": 0.5, "best_return": 0.134112, "worst_return": -0.054395, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.030083, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.007289, "regime_survival": 0.25, "best_return": 0.253889, "worst_return": -0.007095, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": -0.004619, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-08-01", "tenure": "Developing", "return": 0.014586, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.01874, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": -0.007627, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": -0.001777, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.023895, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": 0.011245, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2025-12-05", "tenure": "New", "return": -0.055268, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": -0.000557, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.043307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": 0.042681, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-05-01", "tenure": "Developing", "return": -0.034663, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-12", "tenure": "Developing", "return": 0.040558, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.030776, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 28.876129, "volume": 380, "typical_volume": 2840.9, "trend": 28.858179, "fair_value": 26.923245, "relative_strength": 0.772524, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.131605, "energy": 15.214812, "activity_lines": [ 28.893501, 28.774124, 28.754243, 28.807657 ] }, { "date": "2023-08-25", "close": 28.648306, "volume": 600, "typical_volume": 2099.25, "trend": 28.848094, "fair_value": 26.956256, "relative_strength": -0.080634, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.246055, "energy": 14.717121, "activity_lines": [ 28.831197, 28.769603, 28.732663, 28.794116 ] }, { "date": "2023-09-01", "close": 28.99868, "volume": 1643, "typical_volume": 2031.4, "trend": 28.847495, "fair_value": 26.993072, "relative_strength": -2.280363, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.63994, "energy": 27.641957, "activity_lines": [ 28.870149, 28.825287, 28.747738, 28.803832 ] }, { "date": "2023-09-08", "close": 28.703938, "volume": 1555, "typical_volume": 1902.1, "trend": 28.850861, "fair_value": 27.028864, "relative_strength": -0.986612, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.124575, "energy": 14.768421, "activity_lines": [ 28.811543, 28.816823, 28.734876, 28.79457 ] }, { "date": "2023-09-15", "close": 28.760986, "volume": 2321, "typical_volume": 1927.75, "trend": 28.833249, "fair_value": 27.064156, "relative_strength": -3.314546, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.127777, "energy": 13.940742, "activity_lines": [ 28.785964, 28.811071, 28.731995, 28.788772 ] }, { "date": "2023-09-22", "close": 28.409195, "volume": 1801, "typical_volume": 1972.8, "trend": 28.81111, "fair_value": 27.096616, "relative_strength": -0.29551, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.164717, "energy": 29.254222, "activity_lines": [ 28.656493, 28.742826, 28.700554, 28.761413 ] }, { "date": "2023-09-29", "close": 27.692654, "volume": 756, "typical_volume": 1871.25, "trend": 28.773562, "fair_value": 27.123158, "relative_strength": -1.545793, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.228617, "energy": 71.89099, "activity_lines": [ 28.319304, 28.546996, 28.60542, 28.689255 ] }, { "date": "2023-10-06", "close": 27.587902, "volume": 1394, "typical_volume": 1919.7, "trend": 28.741626, "fair_value": 27.146833, "relative_strength": -0.400014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.791394, "energy": 87.580942, "activity_lines": [ 28.010908, 28.345259, 28.508586, 28.612761 ] }, { "date": "2023-10-13", "close": 27.959299, "volume": 900, "typical_volume": 1859.4, "trend": 28.72772, "fair_value": 27.171386, "relative_strength": -0.119681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.307694, "energy": 81.966041, "activity_lines": [ 27.920363, 28.236887, 28.453333, 28.562288 ] }, { "date": "2023-10-20", "close": 27.959299, "volume": 0, "typical_volume": 1591.45, "trend": 28.706281, "fair_value": 27.197904, "relative_strength": 1.677482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.306751, "energy": 82.25094, "activity_lines": [ 27.87946, 28.145875, 28.400498, 28.512712 ] }, { "date": "2023-10-27", "close": 27.767242, "volume": 1400, "typical_volume": 1268.45, "trend": 28.666178, "fair_value": 27.227074, "relative_strength": 3.001111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.868556, "energy": 86.335474, "activity_lines": [ 27.827984, 28.038166, 28.331195, 28.452129 ] }, { "date": "2023-11-03", "close": 27.767242, "volume": 0, "typical_volume": 1243.45, "trend": 28.613812, "fair_value": 27.253351, "relative_strength": -2.592664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.480497, "energy": 77.695277, "activity_lines": [ 27.819305, 27.950619, 28.265127, 28.394133 ] }, { "date": "2023-11-10", "close": 28.73065, "volume": 900, "typical_volume": 1008.45, "trend": 28.603937, "fair_value": 27.282734, "relative_strength": 1.599767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.511762, "energy": 24.26776, "activity_lines": [ 28.126789, 28.054257, 28.29409, 28.401671 ] }, { "date": "2023-11-17", "close": 28.96912, "volume": 900, "typical_volume": 1016.25, "trend": 28.580942, "fair_value": 27.315962, "relative_strength": -0.231127, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.037184, "energy": 15.867814, "activity_lines": [ 28.437581, 28.206126, 28.344277, 28.425232 ] }, { "date": "2023-11-24", "close": 29.026352, "volume": 1500, "typical_volume": 1086.25, "trend": 28.555183, "fair_value": 27.349642, "relative_strength": 0.320111, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.543648, "energy": 39.107118, "activity_lines": [ 28.700128, 28.363579, 28.396644, 28.453968 ] }, { "date": "2023-12-01", "close": 29.024788, "volume": 500, "typical_volume": 1069.35, "trend": 28.543859, "fair_value": 27.385168, "relative_strength": -1.340349, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.878718, "energy": 47.42482, "activity_lines": [ 28.891017, 28.515923, 28.447984, 28.484265 ] }, { "date": "2023-12-08", "close": 29.148985, "volume": 4575, "typical_volume": 1279.6, "trend": 28.534471, "fair_value": 27.422418, "relative_strength": -0.219375, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.589597, "energy": 69.773004, "activity_lines": [ 29.039468, 28.679656, 28.508927, 28.523305 ] }, { "date": "2023-12-15", "close": 28.795492, "volume": 600, "typical_volume": 1166.1, "trend": 28.53125, "fair_value": 27.454792, "relative_strength": -2.201104, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.83677, "energy": 70.324966, "activity_lines": [ 28.977973, 28.752638, 28.53271, 28.540145 ] }, { "date": "2023-12-22", "close": 28.62352, "volume": 300, "typical_volume": 1147.0, "trend": 28.536469, "fair_value": 27.486528, "relative_strength": -4.217674, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.797271, "energy": 41.745591, "activity_lines": [ 28.85483, 28.772397, 28.541131, 28.546098 ] }, { "date": "2023-12-29", "close": 28.721409, "volume": 0, "typical_volume": 1101.25, "trend": 28.549107, "fair_value": 27.519103, "relative_strength": -4.049159, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.427162, "energy": 32.900878, "activity_lines": [ 28.787357, 28.797877, 28.560259, 28.55803 ] }, { "date": "2024-01-05", "close": 29.306192, "volume": 800, "typical_volume": 1122.25, "trend": 28.577766, "fair_value": 27.554379, "relative_strength": -1.858215, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.32555, "energy": 43.765048, "activity_lines": [ 28.935142, 28.915825, 28.636224, 28.606874 ] }, { "date": "2024-01-12", "close": 29.421234, "volume": 658, "typical_volume": 1125.15, "trend": 28.609946, "fair_value": 27.590742, "relative_strength": -1.654985, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.160267, "energy": 58.499545, "activity_lines": [ 29.102513, 29.026708, 28.721097, 28.661291 ] }, { "date": "2024-01-19", "close": 29.603374, "volume": 2060, "typical_volume": 1146.0, "trend": 28.649458, "fair_value": 27.627517, "relative_strength": -0.673035, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.146242, "energy": 83.080951, "activity_lines": [ 29.312448, 29.140636, 28.819637, 28.725383 ] }, { "date": "2024-01-26", "close": 29.651314, "volume": 900, "typical_volume": 1113.25, "trend": 28.695082, "fair_value": 27.667044, "relative_strength": -1.55055, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.652191, "energy": 88.845218, "activity_lines": [ 29.484504, 29.247411, 28.919863, 28.790019 ] }, { "date": "2024-02-02", "close": 29.956396, "volume": 1469, "typical_volume": 1070.65, "trend": 28.732236, "fair_value": 27.705731, "relative_strength": -0.378744, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.806949, "energy": 92.394518, "activity_lines": [ 29.689735, 29.397253, 29.044632, 28.871394 ] }, { "date": "2024-02-09", "close": 29.77397, "volume": 3042, "typical_volume": 1132.7, "trend": 28.772787, "fair_value": 27.743599, "relative_strength": -0.669082, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.116444, "energy": 88.643854, "activity_lines": [ 29.751824, 29.497017, 29.146336, 28.938603 ] }, { "date": "2024-02-16", "close": 29.946791, "volume": 2115, "typical_volume": 1200.65, "trend": 28.823838, "fair_value": 27.784903, "relative_strength": -1.223763, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.571218, "energy": 90.230101, "activity_lines": [ 29.840335, 29.614581, 29.258, 29.014345 ] }, { "date": "2024-02-23", "close": 30.570881, "volume": 1551, "typical_volume": 1208.5, "trend": 28.8759, "fair_value": 27.832398, "relative_strength": 0.106421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.735409, "energy": 95.416394, "activity_lines": [ 30.101839, 29.83111, 29.418367, 29.127057 ] }, { "date": "2024-03-01", "close": 30.396454, "volume": 200, "typical_volume": 1173.5, "trend": 28.925312, "fair_value": 27.878309, "relative_strength": -1.12111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.450906, "energy": 90.790851, "activity_lines": [ 30.2407, 29.983646, 29.547917, 29.225158 ] }, { "date": "2024-03-08", "close": 30.579149, "volume": 1200, "typical_volume": 1233.5, "trend": 28.979231, "fair_value": 27.92475, "relative_strength": -1.324886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.985195, "energy": 90.161281, "activity_lines": [ 30.390784, 30.137164, 29.683261, 29.331857 ] }, { "date": "2024-03-15", "close": 30.742626, "volume": 1900, "typical_volume": 1258.5, "trend": 29.041448, "fair_value": 27.970723, "relative_strength": -1.229113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.617425, "energy": 92.870112, "activity_lines": [ 30.553843, 30.286627, 29.821699, 29.445624 ] }, { "date": "2024-03-22", "close": 30.800318, "volume": 672, "typical_volume": 1292.1, "trend": 29.113182, "fair_value": 28.014209, "relative_strength": -1.563736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.064707, "energy": 91.703592, "activity_lines": [ 30.671555, 30.420464, 29.951463, 29.5591 ] }, { "date": "2024-03-29", "close": 31.334341, "volume": 3600, "typical_volume": 1427.1, "trend": 29.191037, "fair_value": 28.05952, "relative_strength": -0.646044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.334643, "energy": 94.559164, "activity_lines": [ 30.910374, 30.626321, 30.117643, 29.7024 ] }, { "date": "2024-04-05", "close": 30.881758, "volume": 859, "typical_volume": 1425.05, "trend": 29.263631, "fair_value": 28.099478, "relative_strength": -2.422955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.31583, "energy": 81.813355, "activity_lines": [ 30.947434, 30.718418, 30.228321, 29.811479 ] }, { "date": "2024-04-12", "close": 30.467691, "volume": 2964, "typical_volume": 1498.25, "trend": 29.320521, "fair_value": 28.135089, "relative_strength": -2.10397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.101916, "energy": 65.822242, "activity_lines": [ 30.814118, 30.712858, 30.290457, 29.88916 ] }, { "date": "2024-04-19", "close": 30.602512, "volume": 1911, "typical_volume": 1568.8, "trend": 29.393632, "fair_value": 28.169696, "relative_strength": -1.213192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.434549, "energy": 62.453861, "activity_lines": [ 30.733173, 30.722515, 30.358569, 29.971869 ] }, { "date": "2024-04-26", "close": 30.916697, "volume": 1200, "typical_volume": 1400.05, "trend": 29.5011, "fair_value": 28.209562, "relative_strength": -0.88472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.937474, "energy": 53.559248, "activity_lines": [ 30.766298, 30.774233, 30.449091, 30.070132 ] }, { "date": "2024-05-03", "close": 30.916697, "volume": 400, "typical_volume": 1390.05, "trend": 29.61206, "fair_value": 28.247792, "relative_strength": -0.758298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.216684, "energy": 50.528757, "activity_lines": [ 30.791663, 30.808315, 30.531194, 30.161461 ] }, { "date": "2024-05-10", "close": 31.476017, "volume": 500, "typical_volume": 1400.05, "trend": 29.729284, "fair_value": 28.290542, "relative_strength": -0.559207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.82285, "energy": 68.242424, "activity_lines": [ 31.031312, 30.937805, 30.656466, 30.281716 ] }, { "date": "2024-05-17", "close": 31.630297, "volume": 1253, "typical_volume": 1462.7, "trend": 29.85165, "fair_value": 28.334573, "relative_strength": -0.75215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.134281, "energy": 79.548547, "activity_lines": [ 31.28277, 31.075717, 30.782847, 30.404362 ] }, { "date": "2024-05-24", "close": 31.263857, "volume": 1997, "typical_volume": 1522.55, "trend": 29.968204, "fair_value": 28.377144, "relative_strength": -1.228873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.121991, "energy": 82.235058, "activity_lines": [ 31.334574, 31.127892, 30.860478, 30.495472 ] }, { "date": "2024-05-31", "close": 31.086428, "volume": 800, "typical_volume": 1529.65, "trend": 30.078844, "fair_value": 28.417671, "relative_strength": -1.535026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.485573, "energy": 71.91757, "activity_lines": [ 31.283146, 31.13833, 30.911888, 30.567616 ] }, { "date": "2024-06-07", "close": 31.65621, "volume": 1600, "typical_volume": 1506.65, "trend": 30.176362, "fair_value": 28.461557, "relative_strength": 1.452335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.731316, "energy": 67.101523, "activity_lines": [ 31.41033, 31.247163, 31.009634, 30.669381 ] }, { "date": "2024-06-14", "close": 31.414776, "volume": 2283, "typical_volume": 1575.8, "trend": 30.257884, "fair_value": 28.502609, "relative_strength": 2.352505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.261934, "energy": 56.427712, "activity_lines": [ 31.407734, 31.306246, 31.074611, 30.749279 ] }, { "date": "2024-06-21", "close": 31.646549, "volume": 4090, "typical_volume": 1706.85, "trend": 30.345224, "fair_value": 28.544503, "relative_strength": 3.5038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.527828, "energy": 59.993462, "activity_lines": [ 31.486479, 31.397779, 31.153264, 30.83887 ] }, { "date": "2024-06-28", "close": 31.447218, "volume": 100, "typical_volume": 1559.75, "trend": 30.425972, "fair_value": 28.583497, "relative_strength": 1.296004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.34976, "energy": 57.302282, "activity_lines": [ 31.497697, 31.431636, 31.204885, 30.909966 ] }, { "date": "2024-07-05", "close": 31.147444, "volume": 1000, "typical_volume": 1504.0, "trend": 30.492587, "fair_value": 28.617288, "relative_strength": -0.445689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.821466, "energy": 44.738675, "activity_lines": [ 31.396767, 31.39563, 31.219988, 30.956513 ] }, { "date": "2024-07-12", "close": 31.921055, "volume": 490, "typical_volume": 1450.95, "trend": 30.596773, "fair_value": 28.652816, "relative_strength": -0.736121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.161518, "energy": 56.214836, "activity_lines": [ 31.549639, 31.496086, 31.30305, 31.048672 ] }, { "date": "2024-07-19", "close": 32.578621, "volume": 700, "typical_volume": 1475.95, "trend": 30.728609, "fair_value": 28.692208, "relative_strength": 1.160698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.065482, "energy": 67.734543, "activity_lines": [ 31.904043, 31.697838, 31.442309, 31.176533 ] }, { "date": "2024-07-26", "close": 32.897736, "volume": 1954, "typical_volume": 1513.65, "trend": 30.86782, "fair_value": 28.734359, "relative_strength": 1.555778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.098291, "energy": 92.031183, "activity_lines": [ 32.287229, 31.937564, 31.601568, 31.316477 ] }, { "date": "2024-08-02", "close": 33.317722, "volume": 1297, "typical_volume": 1483.5, "trend": 31.001538, "fair_value": 28.777443, "relative_strength": 5.469274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.96558, "energy": 96.276298, "activity_lines": [ 32.726998, 32.230606, 31.789785, 31.474535 ] }, { "date": "2024-08-09", "close": 32.843277, "volume": 1487, "typical_volume": 1524.25, "trend": 31.115606, "fair_value": 28.816781, "relative_strength": 3.503279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.951876, "energy": 87.909627, "activity_lines": [ 32.883919, 32.400042, 31.920555, 31.593357 ] }, { "date": "2024-08-16", "close": 33.327412, "volume": 300, "typical_volume": 1359.25, "trend": 31.23974, "fair_value": 28.852652, "relative_strength": 1.658516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.137523, "energy": 92.084195, "activity_lines": [ 33.089162, 32.625561, 32.087704, 31.736054 ] }, { "date": "2024-08-23", "close": 33.395176, "volume": 2000, "typical_volume": 1416.3, "trend": 31.364536, "fair_value": 28.893837, "relative_strength": 0.86636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.295187, "energy": 88.896173, "activity_lines": [ 33.223236, 32.833014, 32.251816, 31.875115 ] }, { "date": "2024-08-30", "close": 33.56308, "volume": 516, "typical_volume": 1293.9, "trend": 31.484759, "fair_value": 28.935393, "relative_strength": 1.076739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.679644, "energy": 77.489719, "activity_lines": [ 33.358841, 33.034989, 32.419951, 32.016956 ] }, { "date": "2024-09-06", "close": 33.65033, "volume": 400, "typical_volume": 1218.35, "trend": 31.613971, "fair_value": 28.97745, "relative_strength": 3.785625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.116358, "energy": 74.64125, "activity_lines": [ 33.479173, 33.217981, 32.581655, 32.156671 ] }, { "date": "2024-09-13", "close": 33.99934, "volume": 1800, "typical_volume": 1248.35, "trend": 31.749056, "fair_value": 29.023565, "relative_strength": 1.293626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.708134, "energy": 75.926832, "activity_lines": [ 33.693668, 33.424373, 32.762084, 32.310565 ] }, { "date": "2024-09-20", "close": 34.067196, "volume": 1273, "typical_volume": 1292.0, "trend": 31.865599, "fair_value": 29.071349, "relative_strength": 0.23762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.581679, "energy": 71.234078, "activity_lines": [ 33.853711, 33.591249, 32.934297, 32.460123 ] }, { "date": "2024-09-27", "close": 34.208416, "volume": 207, "typical_volume": 1277.35, "trend": 31.992665, "fair_value": 29.123736, "relative_strength": 0.262923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.905881, "energy": 71.009278, "activity_lines": [ 34.011508, 33.744781, 33.104957, 32.611272 ] }, { "date": "2024-10-04", "close": 34.363728, "volume": 2117, "typical_volume": 1320.55, "trend": 32.118817, "fair_value": 29.178766, "relative_strength": -0.125362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.475191, "energy": 76.077437, "activity_lines": [ 34.16686, 33.896919, 33.277397, 32.764244 ] }, { "date": "2024-10-11", "close": 35.014122, "volume": 4810, "typical_volume": 1461.2, "trend": 32.261201, "fair_value": 29.235935, "relative_strength": 0.490202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.267612, "energy": 87.136124, "activity_lines": [ 34.485633, 34.140657, 33.498763, 32.951038 ] }, { "date": "2024-10-18", "close": 35.441242, "volume": 339, "typical_volume": 1438.15, "trend": 32.415898, "fair_value": 29.293048, "relative_strength": 0.323724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.509232, "energy": 96.529288, "activity_lines": [ 34.855861, 34.431208, 33.742949, 33.156202 ] }, { "date": "2024-10-25", "close": 35.392704, "volume": 1067, "typical_volume": 1411.5, "trend": 32.551177, "fair_value": 29.350907, "relative_strength": 1.704062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.831728, "energy": 94.308985, "activity_lines": [ 35.113782, 34.665699, 33.961774, 33.348254 ] }, { "date": "2024-11-01", "close": 35.069012, "volume": 1750, "typical_volume": 1384.85, "trend": 32.690752, "fair_value": 29.404747, "relative_strength": 1.578082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.533137, "energy": 88.262235, "activity_lines": [ 35.175438, 34.803786, 34.13198, 33.510695 ] }, { "date": "2024-11-08", "close": 36.109035, "volume": 1100, "typical_volume": 1235.35, "trend": 32.878797, "fair_value": 29.462426, "relative_strength": 2.465335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.981649, "energy": 94.915391, "activity_lines": [ 35.526396, 35.100535, 34.383834, 33.731229 ] }, { "date": "2024-11-15", "close": 36.283978, "volume": 400, "typical_volume": 1250.35, "trend": 33.068179, "fair_value": 29.519812, "relative_strength": 2.388346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.518698, "energy": 90.97568, "activity_lines": [ 35.819314, 35.382801, 34.631099, 33.950918 ] }, { "date": "2024-11-22", "close": 36.701931, "volume": 2503, "typical_volume": 1325.5, "trend": 33.26102, "fair_value": 29.578689, "relative_strength": 1.316348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.915593, "energy": 76.080138, "activity_lines": [ 36.166893, 35.693175, 34.895137, 34.185354 ] }, { "date": "2024-11-29", "close": 37.155849, "volume": 2939, "typical_volume": 1447.95, "trend": 33.468992, "fair_value": 29.641184, "relative_strength": 1.714139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.856881, "energy": 76.213679, "activity_lines": [ 36.581732, 36.036941, 35.175955, 34.436633 ] }, { "date": "2024-12-06", "close": 36.698448, "volume": 2393, "typical_volume": 1532.6, "trend": 33.643073, "fair_value": 29.696441, "relative_strength": 0.297874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.101705, "energy": 68.057077, "activity_lines": [ 36.726561, 36.241385, 35.388284, 34.644985 ] }, { "date": "2024-12-13", "close": 36.328655, "volume": 3296, "typical_volume": 1599.7, "trend": 33.799685, "fair_value": 29.743427, "relative_strength": 0.880032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.831604, "energy": 67.462229, "activity_lines": [ 36.639497, 36.333322, 35.545776, 34.818249 ] }, { "date": "2024-12-20", "close": 35.89072, "volume": 600, "typical_volume": 1564.85, "trend": 33.953914, "fair_value": 29.78684, "relative_strength": 2.27609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.101626, "energy": 63.909996, "activity_lines": [ 36.391813, 36.309908, 35.645223, 34.953154 ] }, { "date": "2024-12-27", "close": 36.114552, "volume": 2845, "typical_volume": 1632.75, "trend": 34.121518, "fair_value": 29.829603, "relative_strength": 1.978439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.686903, "energy": 49.869003, "activity_lines": [ 36.244957, 36.311252, 35.753734, 35.09255 ] }, { "date": "2025-01-03", "close": 35.686195, "volume": 1026, "typical_volume": 1669.05, "trend": 34.255851, "fair_value": 29.873578, "relative_strength": -0.3764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.810444, "energy": 32.676269, "activity_lines": [ 35.994473, 36.222472, 35.805872, 35.193497 ] }, { "date": "2025-01-10", "close": 35.072277, "volume": 3944, "typical_volume": 1766.25, "trend": 34.377767, "fair_value": 29.918285, "relative_strength": -0.900567, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.914779, "energy": 28.263301, "activity_lines": [ 35.637328, 36.016733, 35.788309, 35.24617 ] }, { "date": "2025-01-17", "close": 36.426826, "volume": 2020, "typical_volume": 1841.45, "trend": 34.53711, "fair_value": 29.974629, "relative_strength": 1.643412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.207456, "energy": 27.472639, "activity_lines": [ 35.84011, 36.057217, 35.891765, 35.378367 ] }, { "date": "2025-01-24", "close": 36.163704, "volume": 1467, "typical_volume": 1894.8, "trend": 34.694326, "fair_value": 30.030817, "relative_strength": -0.699847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.985204, "energy": 21.988272, "activity_lines": [ 35.94864, 36.044083, 35.956525, 35.483308 ] }, { "date": "2025-01-31", "close": 36.887493, "volume": 2751, "typical_volume": 1942.35, "trend": 34.885661, "fair_value": 30.088036, "relative_strength": 0.998771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.412197, "energy": 42.952218, "activity_lines": [ 36.280234, 36.164733, 36.078248, 35.624803 ] }, { "date": "2025-02-07", "close": 36.65329, "volume": 3855, "typical_volume": 2071.45, "trend": 35.043402, "fair_value": 30.14476, "relative_strength": 0.681561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.515897, "energy": 50.853636, "activity_lines": [ 36.482231, 36.239428, 36.163914, 35.738844 ] }, { "date": "2025-02-14", "close": 36.458122, "volume": 2555, "typical_volume": 2188.85, "trend": 35.172719, "fair_value": 30.20461, "relative_strength": -0.042172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.264847, "energy": 49.059596, "activity_lines": [ 36.554699, 36.287774, 36.218677, 35.830116 ] }, { "date": "2025-02-21", "close": 37.024117, "volume": 1830, "typical_volume": 2174.5, "trend": 35.310265, "fair_value": 30.265881, "relative_strength": 2.805079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.969771, "energy": 68.387602, "activity_lines": [ 36.723442, 36.443398, 36.316631, 35.949561 ] }, { "date": "2025-02-28", "close": 38.313538, "volume": 2700, "typical_volume": 2069.0, "trend": 35.476792, "fair_value": 30.331508, "relative_strength": 5.213637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.958842, "energy": 87.035653, "activity_lines": [ 37.282173, 36.820818, 36.524719, 36.143321 ] }, { "date": "2025-03-07", "close": 37.981312, "volume": 5573, "typical_volume": 2330.7, "trend": 35.64806, "fair_value": 30.395894, "relative_strength": 6.79278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.047187, "energy": 84.181888, "activity_lines": [ 37.58684, 37.093782, 36.685455, 36.304902 ] }, { "date": "2025-03-14", "close": 37.209381, "volume": 1666, "typical_volume": 2360.65, "trend": 35.777459, "fair_value": 30.45705, "relative_strength": 5.344649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.478125, "energy": 69.670927, "activity_lines": [ 37.561275, 37.192453, 36.760578, 36.405633 ] }, { "date": "2025-03-21", "close": 37.199612, "volume": 3942, "typical_volume": 2470.25, "trend": 35.904274, "fair_value": 30.517906, "relative_strength": 3.44326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.350981, "energy": 57.40788, "activity_lines": [ 37.495381, 37.261654, 36.82612, 36.497385 ] }, { "date": "2025-03-28", "close": 37.876263, "volume": 1644, "typical_volume": 2497.45, "trend": 36.048046, "fair_value": 30.579091, "relative_strength": 6.050645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.845742, "energy": 50.806524, "activity_lines": [ 37.605605, 37.415204, 36.94596, 36.62461 ] }, { "date": "2025-04-04", "close": 35.557316, "volume": 6546, "typical_volume": 2804.75, "trend": 36.111612, "fair_value": 30.618944, "relative_strength": 6.072017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.385584, "energy": 11.408433, "activity_lines": [ 36.886036, 37.120774, 36.836531, 36.59295 ] }, { "date": "2025-04-11", "close": 35.439899, "volume": 24355, "typical_volume": 3897.35, "trend": 36.159631, "fair_value": 30.658993, "relative_strength": 3.800822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 1.459, "energy": 16.390153, "activity_lines": [ 36.311077, 36.81602, 36.719381, 36.549613 ] }, { "date": "2025-04-18", "close": 35.596447, "volume": 6757, "typical_volume": 4088.25, "trend": 36.210606, "fair_value": 30.69886, "relative_strength": 1.560249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -26.219158, "energy": 32.767343, "activity_lines": [ 35.957728, 36.56605, 36.623149, 36.513279 ] }, { "date": "2025-04-25", "close": 35.42033, "volume": 11602, "typical_volume": 4548.7, "trend": 36.251003, "fair_value": 30.743922, "relative_strength": -1.093764, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -28.103901, "energy": 38.360284, "activity_lines": [ 35.653202, 36.303273, 36.51757, 36.462293 ] }, { "date": "2025-05-02", "close": 35.920273, "volume": 2234, "typical_volume": 4495.6, "trend": 36.302888, "fair_value": 30.793734, "relative_strength": -1.018587, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.768691, "energy": 45.3643, "activity_lines": [ 35.633943, 36.150264, 36.465691, 36.440956 ] }, { "date": "2025-05-09", "close": 36.077045, "volume": 1339, "typical_volume": 4532.55, "trend": 36.338319, "fair_value": 30.843541, "relative_strength": -1.880802, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.971034, "energy": 32.303659, "activity_lines": [ 35.79734, 36.045829, 36.430688, 36.426385 ] }, { "date": "2025-05-16", "close": 36.312206, "volume": 700, "typical_volume": 4425.3, "trend": 36.367351, "fair_value": 30.90151, "relative_strength": -3.564185, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.02341, "energy": 18.150886, "activity_lines": [ 36.004476, 36.024814, 36.417193, 36.424701 ] }, { "date": "2025-05-23", "close": 35.567535, "volume": 1793, "typical_volume": 4463.65, "trend": 36.373179, "fair_value": 30.949135, "relative_strength": -5.173298, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.135093, "energy": 24.449312, "activity_lines": [ 35.905234, 35.898752, 36.331836, 36.3731 ] }, { "date": "2025-05-30", "close": 36.031254, "volume": 300, "typical_volume": 4281.45, "trend": 36.405253, "fair_value": 31.004375, "relative_strength": -4.995543, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.41323, "energy": 19.068816, "activity_lines": [ 35.962493, 35.886854, 36.291208, 36.35104 ] }, { "date": "2025-06-06", "close": 35.697632, "volume": 5432, "typical_volume": 4452.05, "trend": 36.39154, "fair_value": 31.061225, "relative_strength": -6.671093, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.083629, "energy": 23.984205, "activity_lines": [ 35.867816, 35.835541, 36.21424, 36.305387 ] }, { "date": "2025-06-13", "close": 35.403255, "volume": 360, "typical_volume": 4396.7, "trend": 36.362183, "fair_value": 31.122734, "relative_strength": -7.561191, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.383494, "energy": 48.563002, "activity_lines": [ 35.689856, 35.770315, 36.112708, 36.241627 ] }, { "date": "2025-06-20", "close": 35.265888, "volume": 3695, "typical_volume": 4443.9, "trend": 36.314314, "fair_value": 31.174317, "relative_strength": -7.727654, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.273083, "energy": 53.200024, "activity_lines": [ 35.511027, 35.682916, 36.001715, 36.170898 ] }, { "date": "2025-06-27", "close": 35.404308, "volume": 495, "typical_volume": 4275.9, "trend": 36.25593, "fair_value": 31.227625, "relative_strength": -7.904707, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.613391, "energy": 55.007381, "activity_lines": [ 35.448092, 35.623847, 35.911626, 36.112188 ] }, { "date": "2025-07-04", "close": 35.502575, "volume": 759, "typical_volume": 4186.1, "trend": 36.216067, "fair_value": 31.279775, "relative_strength": -8.752022, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.994606, "energy": 61.608111, "activity_lines": [ 35.428794, 35.586138, 35.836844, 36.063584 ] }, { "date": "2025-07-11", "close": 35.679443, "volume": 581, "typical_volume": 4123.65, "trend": 36.194427, "fair_value": 31.334787, "relative_strength": -8.096219, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.494848, "energy": 53.385183, "activity_lines": [ 35.503698, 35.579092, 35.783457, 36.028963 ] }, { "date": "2025-07-18", "close": 35.767879, "volume": 1546, "typical_volume": 4065.95, "trend": 36.190332, "fair_value": 31.390783, "relative_strength": -8.694625, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.316507, "energy": 27.997182, "activity_lines": [ 35.609293, 35.592504, 35.744896, 36.001444 ] }, { "date": "2025-07-25", "close": 36.219894, "volume": 6107, "typical_volume": 4092.65, "trend": 36.193844, "fair_value": 31.447836, "relative_strength": -7.993708, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.213035, "energy": 16.345376, "activity_lines": [ 35.841252, 35.693721, 35.761505, 36.003351 ] }, { "date": "2025-08-01", "close": 35.780266, "volume": 1529, "typical_volume": 4085.8, "trend": 36.196979, "fair_value": 31.497116, "relative_strength": -7.29848, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.767333, "energy": 20.362333, "activity_lines": [ 35.863067, 35.716685, 35.744633, 35.976669 ] }, { "date": "2025-08-08", "close": 36.232929, "volume": 1032, "typical_volume": 3940.3, "trend": 36.235668, "fair_value": 31.546372, "relative_strength": -8.416859, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.587928, "energy": 16.228978, "activity_lines": [ 36.010706, 35.818083, 35.777677, 35.978988 ] }, { "date": "2025-08-15", "close": 36.360863, "volume": 1200, "typical_volume": 3918.1, "trend": 36.233469, "fair_value": 31.591133, "relative_strength": -8.400748, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.671839, "energy": 24.671963, "activity_lines": [ 36.1523, 35.939075, 35.827509, 35.987066 ] }, { "date": "2025-08-22", "close": 36.911922, "volume": 3335, "typical_volume": 3757.55, "trend": 36.25841, "fair_value": 31.64092, "relative_strength": -8.252986, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.784108, "energy": 59.811663, "activity_lines": [ 36.432152, 36.148201, 35.937038, 36.030837 ] }, { "date": "2025-08-29", "close": 36.1758, "volume": 709, "typical_volume": 2575.25, "trend": 36.234686, "fair_value": 31.691667, "relative_strength": -10.603856, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.583276, "energy": 48.164126, "activity_lines": [ 36.39036, 36.196056, 35.970011, 36.025507 ] }, { "date": "2025-09-05", "close": 36.422161, "volume": 428, "typical_volume": 2258.8, "trend": 36.226982, "fair_value": 31.742081, "relative_strength": -11.231969, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.485332, "energy": 47.522682, "activity_lines": [ 36.433628, 36.27216, 36.022941, 36.037602 ] }, { "date": "2025-09-12", "close": 36.619251, "volume": 2219, "typical_volume": 1789.65, "trend": 36.232353, "fair_value": 31.792921, "relative_strength": -11.230203, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.136099, "energy": 47.084054, "activity_lines": [ 36.4998, 36.365592, 36.090711, 36.06291 ] }, { "date": "2025-09-19", "close": 35.899872, "volume": 1346, "typical_volume": 1745.25, "trend": 36.194878, "fair_value": 31.840883, "relative_strength": -14.131255, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.053736, "energy": 9.588507, "activity_lines": [ 36.300425, 36.307925, 36.084259, 36.041459 ] }, { "date": "2025-09-26", "close": 36.451729, "volume": 11745, "typical_volume": 2265.55, "trend": 36.132818, "fair_value": 31.900044, "relative_strength": -12.547242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.139814, "energy": 15.013765, "activity_lines": [ 36.315734, 36.346588, 36.130462, 36.05803 ] }, { "date": "2025-10-03", "close": 36.633678, "volume": 935, "typical_volume": 2277.3, "trend": 36.087897, "fair_value": 31.962887, "relative_strength": -13.899676, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.952073, "energy": 31.292565, "activity_lines": [ 36.422372, 36.405899, 36.192209, 36.090344 ] }, { "date": "2025-10-10", "close": 36.436298, "volume": 1514, "typical_volume": 2263.35, "trend": 36.062127, "fair_value": 32.022069, "relative_strength": -12.328795, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.448731, "energy": 25.570045, "activity_lines": [ 36.432692, 36.421799, 36.233627, 36.112821 ] }, { "date": "2025-10-17", "close": 36.386951, "volume": 1108, "typical_volume": 2303.75, "trend": 36.035039, "fair_value": 32.080036, "relative_strength": -12.932918, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.682717, "energy": 31.008501, "activity_lines": [ 36.425621, 36.416799, 36.266208, 36.133778 ] }, { "date": "2025-10-24", "close": 36.534992, "volume": 1202, "typical_volume": 2092.25, "trend": 35.99033, "fair_value": 32.13073, "relative_strength": -12.990139, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.291398, "energy": 34.105279, "activity_lines": [ 36.483383, 36.435915, 36.311195, 36.166033 ] }, { "date": "2025-10-31", "close": 35.661976, "volume": 10207, "typical_volume": 2584.6, "trend": 35.993818, "fair_value": 32.179306, "relative_strength": -14.492149, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.639138, "energy": 9.561506, "activity_lines": [ 36.207798, 36.293136, 36.26905, 36.144849 ] }, { "date": "2025-11-07", "close": 36.037571, "volume": 1364, "typical_volume": 2468.05, "trend": 36.013741, "fair_value": 32.227651, "relative_strength": -12.274404, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.23227, "energy": 12.793266, "activity_lines": [ 36.110062, 36.241372, 36.261444, 36.147672 ] }, { "date": "2025-11-14", "close": 36.442829, "volume": 1357, "typical_volume": 2511.15, "trend": 36.041953, "fair_value": 32.279973, "relative_strength": -12.184965, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.682378, "energy": 14.516151, "activity_lines": [ 36.187153, 36.265805, 36.28876, 36.175355 ] }, { "date": "2025-11-21", "close": 37.668457, "volume": 21671, "typical_volume": 3556.75, "trend": 36.116891, "fair_value": 32.333493, "relative_strength": -8.483754, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.832662, "energy": 38.303646, "activity_lines": [ 36.672351, 36.512704, 36.427856, 36.28029 ] }, { "date": "2025-11-28", "close": 36.863548, "volume": 8559, "typical_volume": 3955.65, "trend": 36.148334, "fair_value": 32.377406, "relative_strength": -13.593272, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.147663, "energy": 55.272811, "activity_lines": [ 36.803812, 36.594179, 36.479981, 36.328462 ] }, { "date": "2025-12-05", "close": 35.586586, "volume": 2945, "typical_volume": 4025.6, "trend": 36.131985, "fair_value": 32.411931, "relative_strength": -16.049589, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.839852, "energy": 19.244475, "activity_lines": [ 36.487715, 36.425957, 36.404852, 36.29222 ] }, { "date": "2025-12-12", "close": 35.527187, "volume": 2321, "typical_volume": 3836.3, "trend": 36.105818, "fair_value": 32.447939, "relative_strength": -16.395157, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.175582, "energy": 5.176135, "activity_lines": [ 36.156844, 36.262666, 36.324929, 36.253201 ] }, { "date": "2025-12-19", "close": 35.636082, "volume": 2384, "typical_volume": 3879.05, "trend": 36.108103, "fair_value": 32.484885, "relative_strength": -16.34003, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.619242, "energy": 26.311434, "activity_lines": [ 35.896298, 36.139292, 36.258675, 36.222895 ] }, { "date": "2025-12-26", "close": 35.507397, "volume": 4530, "typical_volume": 4053.95, "trend": 36.090641, "fair_value": 32.523416, "relative_strength": -16.864359, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.017704, "energy": 43.335191, "activity_lines": [ 35.64664, 36.00707, 36.180853, 36.18414 ] }, { "date": "2026-01-02", "close": 35.286438, "volume": 7610, "typical_volume": 4374.45, "trend": 36.076934, "fair_value": 32.558365, "relative_strength": -16.700179, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.380748, "energy": 60.940988, "activity_lines": [ 35.467399, 35.850666, 36.085441, 36.132256 ] }, { "date": "2026-01-09", "close": 35.951279, "volume": 9277, "typical_volume": 4671.55, "trend": 36.095202, "fair_value": 32.599501, "relative_strength": -16.650662, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.669122, "energy": 47.121997, "activity_lines": [ 35.614913, 35.837842, 36.058464, 36.124149 ] }, { "date": "2026-01-16", "close": 36.814583, "volume": 1315, "typical_volume": 4701.85, "trend": 36.146825, "fair_value": 32.651647, "relative_strength": -15.336822, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 10.105953, "energy": 8.388355, "activity_lines": [ 36.025881, 35.976723, 36.118281, 36.170561 ] }, { "date": "2026-01-23", "close": 36.040588, "volume": 3862, "typical_volume": 4873.55, "trend": 36.168034, "fair_value": 32.697094, "relative_strength": -16.974372, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.786375, "energy": 16.417703, "activity_lines": [ 36.093025, 35.96075, 36.101343, 36.163707 ] }, { "date": "2026-01-30", "close": 36.20726, "volume": 2506, "typical_volume": 4887.9, "trend": 36.191524, "fair_value": 32.743187, "relative_strength": -13.002231, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.119867, "energy": 20.07697, "activity_lines": [ 36.18876, 35.982395, 36.102095, 36.166238 ] }, { "date": "2026-02-06", "close": 36.932793, "volume": 3659, "typical_volume": 5003.55, "trend": 36.233302, "fair_value": 32.796584, "relative_strength": -12.363267, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.146915, "energy": 23.036319, "activity_lines": [ 36.479681, 36.162522, 36.173907, 36.214061 ] }, { "date": "2026-02-13", "close": 37.290596, "volume": 1503, "typical_volume": 4491.45, "trend": 36.284059, "fair_value": 32.847874, "relative_strength": -12.734704, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.823277, "energy": 45.161198, "activity_lines": [ 36.780113, 36.406445, 36.274877, 36.282274 ] }, { "date": "2026-02-20", "close": 37.578819, "volume": 1562, "typical_volume": 4522.8, "trend": 36.329357, "fair_value": 32.902396, "relative_strength": -13.529692, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 78.926891, "energy": 75.683741, "activity_lines": [ 37.087331, 36.67179, 36.399302, 36.365807 ] }, { "date": "2026-02-27", "close": 38.022991, "volume": 1474, "typical_volume": 4520.8, "trend": 36.404114, "fair_value": 32.961395, "relative_strength": -13.318013, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.739969, "energy": 87.230117, "activity_lines": [ 37.491658, 36.980592, 36.561529, 36.475074 ] }, { "date": "2026-03-06", "close": 37.395908, "volume": 1142, "typical_volume": 4522.5, "trend": 36.44288, "fair_value": 33.018126, "relative_strength": -10.96915, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.584436, "energy": 81.372141, "activity_lines": [ 37.554796, 37.13198, 36.656478, 36.53906 ] }, { "date": "2026-03-13", "close": 37.176929, "volume": 1143, "typical_volume": 4519.55, "trend": 36.470082, "fair_value": 33.074539, "relative_strength": -9.50557, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.887613, "energy": 75.058131, "activity_lines": [ 37.465699, 37.209217, 36.725767, 36.586418 ] }, { "date": "2026-03-20", "close": 35.93272, "volume": 961, "typical_volume": 4057.25, "trend": 36.437442, "fair_value": 33.121528, "relative_strength": -8.63763, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.66259, "energy": 22.22083, "activity_lines": [ 36.945589, 37.025861, 36.673503, 36.55175 ] }, { "date": "2026-03-27", "close": 36.34082, "volume": 411, "typical_volume": 4009.6, "trend": 36.442943, "fair_value": 33.168774, "relative_strength": -8.912004, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.477452, "energy": 20.36798, "activity_lines": [ 36.652038, 36.917043, 36.658816, 36.545516 ] }, { "date": "2026-04-03", "close": 36.944527, "volume": 1775, "typical_volume": 4030.5, "trend": 36.460355, "fair_value": 33.217533, "relative_strength": -10.030032, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.237514, "energy": 24.553376, "activity_lines": [ 36.642256, 36.926604, 36.700182, 36.577876 ] }, { "date": "2026-04-10", "close": 37.423031, "volume": 4382, "typical_volume": 3166.05, "trend": 36.487148, "fair_value": 33.271354, "relative_strength": -9.906611, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.160483, "energy": 27.692275, "activity_lines": [ 36.863873, 37.00673, 36.78473, 36.639984 ] }, { "date": "2026-04-17", "close": 37.104027, "volume": 700, "typical_volume": 2773.1, "trend": 36.527286, "fair_value": 33.319079, "relative_strength": -11.82845, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.831209, "energy": 22.037367, "activity_lines": [ 36.977347, 37.006751, 36.840065, 36.679783 ] }, { "date": "2026-04-24", "close": 36.286583, "volume": 1310, "typical_volume": 2691.35, "trend": 36.521781, "fair_value": 33.360665, "relative_strength": -12.145563, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.67646, "energy": 13.609751, "activity_lines": [ 36.823199, 36.855032, 36.816404, 36.664254 ] }, { "date": "2026-05-01", "close": 36.704994, "volume": 700, "typical_volume": 2610.3, "trend": 36.524159, "fair_value": 33.40772, "relative_strength": -10.601986, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.812219, "energy": 12.635948, "activity_lines": [ 36.784931, 36.797643, 36.829258, 36.676074 ] }, { "date": "2026-05-08", "close": 36.336151, "volume": 786, "typical_volume": 2530.4, "trend": 36.52082, "fair_value": 33.451986, "relative_strength": -11.48408, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.322786, "energy": 10.7764, "activity_lines": [ 36.599438, 36.689079, 36.801375, 36.663944 ] }, { "date": "2026-05-15", "close": 36.32618, "volume": 500, "typical_volume": 2328.9, "trend": 36.518795, "fair_value": 33.49964, "relative_strength": -10.405056, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.165206, "energy": 26.270034, "activity_lines": [ 36.451179, 36.609372, 36.769209, 36.651387 ] }, { "date": "2026-05-22", "close": 36.754837, "volume": 1311, "typical_volume": 2013.95, "trend": 36.526123, "fair_value": 33.552767, "relative_strength": -10.583544, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.558122, "energy": 20.7445, "activity_lines": [ 36.518929, 36.627052, 36.773969, 36.666616 ] }, { "date": "2026-05-29", "close": 37.071037, "volume": 1918, "typical_volume": 1646.0, "trend": 36.573092, "fair_value": 33.608721, "relative_strength": -10.136736, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.785217, "energy": 15.028145, "activity_lines": [ 36.715358, 36.709897, 36.80185, 36.701771 ] }, { "date": "2026-06-05", "close": 37.260735, "volume": 1221, "typical_volume": 1641.3, "trend": 36.613864, "fair_value": 33.665223, "relative_strength": -8.345497, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.871592, "energy": 26.866462, "activity_lines": [ 36.922723, 36.806537, 36.842466, 36.746135 ] }, { "date": "2026-06-12", "close": 37.80986, "volume": 320, "typical_volume": 1464.2, "trend": 36.659431, "fair_value": 33.725185, "relative_strength": -8.011022, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.180636, "energy": 61.021536, "activity_lines": [ 37.27608, 36.986291, 36.933255, 36.823296 ] }, { "date": "2026-06-19", "close": 37.690052, "volume": 500, "typical_volume": 1363.9, "trend": 36.660151, "fair_value": 33.784621, "relative_strength": -8.003191, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.517505, "energy": 75.866382, "activity_lines": [ 37.491254, 37.128529, 37.004209, 36.889788 ] }, { "date": "2026-06-26", "close": 38.66716, "volume": 0, "typical_volume": 1180.95, "trend": 36.720272, "fair_value": 33.851189, "relative_strength": -5.304662, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.105275, "energy": 90.909568, "activity_lines": [ 37.941206, 37.443568, 37.161159, 37.019273 ] }, { "date": "2026-07-03", "close": 39.517414, "volume": 0, "typical_volume": 1105.8, "trend": 36.851299, "fair_value": 33.919622, "relative_strength": -3.652702, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.521086, "energy": 98.102307, "activity_lines": [ 38.547088, 37.884778, 37.390827, 37.199733 ] }, { "date": "2026-07-10", "close": 39.747051, "volume": 8528, "typical_volume": 1454.1, "trend": 36.991961, "fair_value": 33.991351, "relative_strength": -2.940021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.203664, "energy": 97.30312, "activity_lines": [ 39.066424, 38.308998, 37.631762, 37.386556 ] }, { "date": "2026-07-17", "close": 38.978268, "volume": 100, "typical_volume": 1385.4, "trend": 37.103368, "fair_value": 34.059062, "relative_strength": -4.381912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.422574, "energy": 88.607985, "activity_lines": [ 39.163744, 38.538129, 37.789154, 37.514705 ] }, { "date": "2026-07-24", "close": 38.958302, "volume": 1000, "typical_volume": 1378.3, "trend": 37.218398, "fair_value": 34.12284, "relative_strength": -4.371726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.081642, "energy": 87.950171, "activity_lines": [ 39.176515, 38.715591, 37.940096, 37.634378 ] }, { "date": "2026-07-31", "close": 38.849998, "volume": 100, "typical_volume": 1326.15, "trend": 37.337183, "fair_value": 34.186531, "relative_strength": -3.895333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.227639, "energy": 77.851025, "activity_lines": [ 39.068635, 38.825505, 38.073283, 37.739643 ] }, { "date": "2026-08-07", "close": 38.849998, "volume": 0, "typical_volume": 1278.1, "trend": 37.433807, "fair_value": 34.249919, "relative_strength": -6.574935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.927922, "energy": 61.218697, "activity_lines": [ 38.948565, 38.897325, 38.198503, 37.837244 ] } ], "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." } } }