{ "ticker": { "uuid": "7aa8184c-36f4-4a37-bec7-3d734004c0ac", "symbol": "WXM", "name": "CI Morningstar Canada Momentum Index ETF Common", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 48.233, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 20.776, "architecture_energy": 18.799, "architecture_maturity": 63.319, "architecture_confidence": 79.149, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 51.52, "rotation_up": 27.38, "upward_expansion": 52.56, "deceleration": 79.43, "rotation_down": 34.08, "downward_expansion": 25.89 }, "activity_lines": [ 50.129999, 50.40583, 50.437131, 49.929525 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 50.529999, "trend_reference": 49.106681, "distance_from_trend": 0.028984, "trend_direction": "Improving", "fair_value": 34.199929, "distance_from_fair_value": 0.477488, "fair_value_direction": "Weakening", "relative_strength": -0.929045, "relative_strength_direction": "Weakening", "price_momentum": 0.080369, "excess_performance": -0.040053, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.028984, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055784, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.477488, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.099767, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00929, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.08438, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.080369, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.562779, "read": "Supply-led" } ], "volume": { "latest": 73500, "relative_activity": 0.779262, "balance": 0.562779, "dry_up": 2.032973, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.021415, "annualized_volatility": 0.135899, "from_high_reference": -0.023401, "from_low_reference": 0.361142 }, "levels": { "trend_reference": 49.106681, "fair_value_reference": 34.199929, "structural_low": 45.415397, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.017284, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.017445, "regime_survival": 0.333333, "best_return": 0.099444, "worst_return": -0.066877, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.061608, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.030381, "regime_survival": 0.0, "best_return": 0.120484, "worst_return": 0.046434, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.026993, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.01439, "regime_survival": 0.0, "best_return": 0.229351, "worst_return": 0.014972, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.28997, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.136512, "regime_survival": 0.0, "best_return": 0.517857, "worst_return": 0.062083, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-12-09", "end": "2022-12-23", "tenure": "New", "return": -0.017943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-12-30", "end": "2023-01-27", "tenure": "Developing", "return": 0.039567, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-02-03", "end": "2023-06-30", "tenure": "Established", "return": 0.009313, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-07", "end": "2023-09-08", "tenure": "Developing", "return": -0.019624, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-15", "end": "2023-11-24", "tenure": "Developing", "return": 0.018911, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2024-01-26", "tenure": "Developing", "return": 0.029767, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-02", "end": "2025-02-28", "tenure": "Extended", "return": 0.320054, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.044008, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.036727, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.044377, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2026-03-27", "tenure": "Extended", "return": 0.350005, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.044412, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.00107, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.008583, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.849165, "volume": 15700, "typical_volume": 31020.0, "trend": 23.692669, "fair_value": 22.32581, "relative_strength": -2.060813, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.373274, "energy": 35.259097, "activity_lines": [ 23.49274, 23.649725, 23.684934, 23.688932 ] }, { "date": "2023-08-25", "close": 23.253401, "volume": 20600, "typical_volume": 31635.0, "trend": 23.673113, "fair_value": 22.351794, "relative_strength": -0.316348, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.475802, "energy": 41.673558, "activity_lines": [ 23.338101, 23.574346, 23.64012, 23.660592 ] }, { "date": "2023-09-01", "close": 23.753893, "volume": 105000, "typical_volume": 34385.0, "trend": 23.675016, "fair_value": 22.385117, "relative_strength": -1.587082, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.718948, "energy": 36.511625, "activity_lines": [ 23.416383, 23.597095, 23.645023, 23.665803 ] }, { "date": "2023-09-08", "close": 23.08016, "volume": 16500, "typical_volume": 34805.0, "trend": 23.659555, "fair_value": 22.414181, "relative_strength": -2.050159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.491242, "energy": 55.969908, "activity_lines": [ 23.300887, 23.484224, 23.586752, 23.627426 ] }, { "date": "2023-09-15", "close": 23.214909, "volume": 31100, "typical_volume": 35965.0, "trend": 23.639671, "fair_value": 22.442574, "relative_strength": -3.98226, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.409945, "energy": 44.284582, "activity_lines": [ 23.267522, 23.411076, 23.545423, 23.598739 ] }, { "date": "2023-09-22", "close": 22.554636, "volume": 40100, "typical_volume": 36820.0, "trend": 23.607011, "fair_value": 22.468199, "relative_strength": -2.670786, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.891698, "energy": 58.040531, "activity_lines": [ 23.042299, 23.223829, 23.444175, 23.528737 ] }, { "date": "2023-09-29", "close": 22.409994, "volume": 43800, "typical_volume": 37070.0, "trend": 23.545651, "fair_value": 22.490532, "relative_strength": -2.040044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.094394, "energy": 78.089619, "activity_lines": [ 22.788497, 23.035762, 23.33421, 23.45151 ] }, { "date": "2023-10-06", "close": 22.26535, "volume": 163400, "typical_volume": 41370.0, "trend": 23.501756, "fair_value": 22.508035, "relative_strength": -1.114366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.945837, "energy": 82.287071, "activity_lines": [ 22.542707, 22.854756, 23.216856, 23.36891 ] }, { "date": "2023-10-13", "close": 22.516066, "volume": 32100, "typical_volume": 42575.0, "trend": 23.485958, "fair_value": 22.52614, "relative_strength": -1.045037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.388064, "energy": 77.06673, "activity_lines": [ 22.479726, 22.754799, 23.131688, 23.305317 ] }, { "date": "2023-10-20", "close": 22.255709, "volume": 7600, "typical_volume": 41200.0, "trend": 23.458813, "fair_value": 22.545533, "relative_strength": -0.383401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.203646, "energy": 77.260608, "activity_lines": [ 22.367566, 22.627911, 23.027057, 23.225946 ] }, { "date": "2023-10-27", "close": 21.821777, "volume": 25300, "typical_volume": 41515.0, "trend": 23.386827, "fair_value": 22.569416, "relative_strength": -0.321939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.308981, "energy": 75.727399, "activity_lines": [ 22.174708, 22.447265, 22.88854, 23.120331 ] }, { "date": "2023-11-03", "close": 23.104275, "volume": 80700, "typical_volume": 41370.0, "trend": 23.367504, "fair_value": 22.595431, "relative_strength": -0.239842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.857918, "energy": 41.468528, "activity_lines": [ 22.458206, 22.518481, 22.880348, 23.102101 ] }, { "date": "2023-11-10", "close": 23.142851, "volume": 33300, "typical_volume": 41445.0, "trend": 23.340194, "fair_value": 22.625063, "relative_strength": 0.785631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.984265, "energy": 24.991293, "activity_lines": [ 22.708278, 22.599421, 22.878408, 23.087608 ] }, { "date": "2023-11-17", "close": 23.499638, "volume": 32100, "typical_volume": 41670.0, "trend": 23.325416, "fair_value": 22.65645, "relative_strength": -0.302069, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.547192, "energy": 15.852662, "activity_lines": [ 23.018779, 22.756342, 22.90992, 23.097894 ] }, { "date": "2023-11-24", "close": 23.653923, "volume": 51300, "typical_volume": 42470.0, "trend": 23.319298, "fair_value": 22.685337, "relative_strength": 0.696537, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.86037, "energy": 24.560169, "activity_lines": [ 23.315136, 22.933688, 22.958115, 23.119088 ] }, { "date": "2023-12-01", "close": 23.779278, "volume": 10700, "typical_volume": 42550.0, "trend": 23.324713, "fair_value": 22.716743, "relative_strength": -0.483589, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.367197, "energy": 40.190656, "activity_lines": [ 23.560065, 23.125844, 23.017717, 23.148764 ] }, { "date": "2023-12-08", "close": 23.644278, "volume": 33900, "typical_volume": 41055.0, "trend": 23.321151, "fair_value": 22.747106, "relative_strength": -0.438637, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.342763, "energy": 52.727201, "activity_lines": [ 23.629493, 23.271188, 23.065303, 23.169382 ] }, { "date": "2023-12-15", "close": 23.422493, "volume": 27000, "typical_volume": 41870.0, "trend": 23.301564, "fair_value": 22.775456, "relative_strength": -2.251403, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.838621, "energy": 48.51753, "activity_lines": [ 23.588993, 23.353766, 23.094627, 23.17592 ] }, { "date": "2023-12-22", "close": 23.537859, "volume": 10000, "typical_volume": 41715.0, "trend": 23.298292, "fair_value": 22.803774, "relative_strength": -3.342515, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.175007, "energy": 38.146747, "activity_lines": [ 23.568305, 23.43628, 23.138715, 23.191165 ] }, { "date": "2023-12-29", "close": 23.702526, "volume": 7300, "typical_volume": 39375.0, "trend": 23.294433, "fair_value": 22.833681, "relative_strength": -2.941483, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.237597, "energy": 27.280855, "activity_lines": [ 23.599959, 23.530156, 23.198965, 23.217244 ] }, { "date": "2024-01-05", "close": 23.586292, "volume": 11800, "typical_volume": 39180.0, "trend": 23.295973, "fair_value": 22.8584, "relative_strength": -3.250656, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.425362, "energy": 24.679413, "activity_lines": [ 23.589627, 23.576593, 23.24784, 23.236074 ] }, { "date": "2024-01-12", "close": 24.04155, "volume": 13800, "typical_volume": 38840.0, "trend": 23.309172, "fair_value": 22.889177, "relative_strength": -1.601018, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.987073, "energy": 41.65692, "activity_lines": [ 23.743914, 23.673722, 23.336562, 23.284175 ] }, { "date": "2024-01-19", "close": 23.964058, "volume": 8100, "typical_volume": 33995.0, "trend": 23.340239, "fair_value": 22.919813, "relative_strength": -1.510791, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.888976, "energy": 51.561199, "activity_lines": [ 23.845885, 23.73972, 23.414151, 23.326426 ] }, { "date": "2024-01-26", "close": 24.487123, "volume": 27900, "typical_volume": 34565.0, "trend": 23.359226, "fair_value": 22.957118, "relative_strength": -0.416981, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.180102, "energy": 79.839647, "activity_lines": [ 24.086107, 23.88589, 23.540555, 23.400419 ] }, { "date": "2024-02-02", "close": 24.651791, "volume": 15100, "typical_volume": 33765.0, "trend": 23.396214, "fair_value": 22.988016, "relative_strength": 0.398048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.398347, "energy": 93.149939, "activity_lines": [ 24.317934, 24.044045, 23.675942, 23.48381 ] }, { "date": "2024-02-09", "close": 24.458065, "volume": 26500, "typical_volume": 33085.0, "trend": 23.412949, "fair_value": 23.015065, "relative_strength": -0.069109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.874308, "energy": 87.386157, "activity_lines": [ 24.421902, 24.148834, 23.786036, 23.552316 ] }, { "date": "2024-02-16", "close": 24.758339, "volume": 9700, "typical_volume": 31380.0, "trend": 23.430069, "fair_value": 23.043683, "relative_strength": -0.019788, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.149118, "energy": 91.00609, "activity_lines": [ 24.567842, 24.295877, 23.915664, 23.639116 ] }, { "date": "2024-02-23", "close": 24.971441, "volume": 21400, "typical_volume": 24280.0, "trend": 23.455254, "fair_value": 23.074734, "relative_strength": 0.094945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.836361, "energy": 90.676421, "activity_lines": [ 24.737031, 24.46141, 24.054405, 23.738559 ] }, { "date": "2024-03-01", "close": 25.339523, "volume": 13200, "typical_volume": 23335.0, "trend": 23.511959, "fair_value": 23.108085, "relative_strength": 0.918603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.30828, "energy": 84.406234, "activity_lines": [ 24.961754, 24.665704, 24.215315, 23.860125 ] }, { "date": "2024-03-08", "close": 25.58168, "volume": 12800, "typical_volume": 23595.0, "trend": 23.576735, "fair_value": 23.13742, "relative_strength": 1.041637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.813575, "energy": 85.262856, "activity_lines": [ 25.210371, 24.881269, 24.385843, 23.993655 ] }, { "date": "2024-03-15", "close": 25.620426, "volume": 16600, "typical_volume": 23160.0, "trend": 23.66911, "fair_value": 23.170083, "relative_strength": 0.699289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.434629, "energy": 88.321902, "activity_lines": [ 25.409909, 25.069713, 24.544223, 24.125506 ] }, { "date": "2024-03-22", "close": 25.688187, "volume": 13100, "typical_volume": 19780.0, "trend": 23.75027, "fair_value": 23.204949, "relative_strength": 0.3701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.779549, "energy": 87.329942, "activity_lines": [ 25.554544, 25.233492, 24.690967, 24.255769 ] }, { "date": "2024-03-29", "close": 25.707605, "volume": 2800, "typical_volume": 18255.0, "trend": 23.815393, "fair_value": 23.237625, "relative_strength": -0.327846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.863661, "energy": 82.080342, "activity_lines": [ 25.643662, 25.370864, 24.827257, 24.382049 ] }, { "date": "2024-04-05", "close": 25.727022, "volume": 36500, "typical_volume": 18475.0, "trend": 23.903622, "fair_value": 23.269594, "relative_strength": -0.660784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.980365, "energy": 71.295811, "activity_lines": [ 25.690175, 25.480064, 24.953182, 24.50538 ] }, { "date": "2024-04-12", "close": 25.57169, "volume": 8700, "typical_volume": 16345.0, "trend": 23.982182, "fair_value": 23.297422, "relative_strength": 0.376898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.891609, "energy": 65.091615, "activity_lines": [ 25.659077, 25.538479, 25.053708, 24.612997 ] }, { "date": "2024-04-19", "close": 25.212481, "volume": 33900, "typical_volume": 17505.0, "trend": 24.070776, "fair_value": 23.3236, "relative_strength": -0.61139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.156276, "energy": 54.886056, "activity_lines": [ 25.508909, 25.514858, 25.11089, 24.692371 ] }, { "date": "2024-04-26", "close": 25.581396, "volume": 25500, "typical_volume": 17085.0, "trend": 24.17649, "fair_value": 23.351728, "relative_strength": 0.084797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.82929, "energy": 51.030631, "activity_lines": [ 25.508908, 25.544596, 25.196383, 24.789831 ] }, { "date": "2024-05-03", "close": 25.561977, "volume": 65400, "typical_volume": 19005.0, "trend": 24.286377, "fair_value": 23.374923, "relative_strength": 0.083326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.569988, "energy": 43.71744, "activity_lines": [ 25.509554, 25.555838, 25.270802, 24.879217 ] }, { "date": "2024-05-10", "close": 26.095936, "volume": 8000, "typical_volume": 18905.0, "trend": 24.405706, "fair_value": 23.404331, "relative_strength": 0.507326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.681232, "energy": 57.665718, "activity_lines": [ 25.697895, 25.653426, 25.385887, 24.995963 ] }, { "date": "2024-05-17", "close": 26.134773, "volume": 9000, "typical_volume": 18990.0, "trend": 24.535008, "fair_value": 23.43381, "relative_strength": -0.017104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.675684, "energy": 70.662561, "activity_lines": [ 25.874588, 25.744323, 25.492488, 25.107515 ] }, { "date": "2024-05-24", "close": 26.309521, "volume": 51500, "typical_volume": 20975.0, "trend": 24.6846, "fair_value": 23.461797, "relative_strength": 1.316135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.358604, "energy": 87.19794, "activity_lines": [ 26.07199, 25.856936, 25.60415, 25.222 ] }, { "date": "2024-05-31", "close": 25.911478, "volume": 33400, "typical_volume": 21955.0, "trend": 24.778173, "fair_value": 23.485334, "relative_strength": 0.058227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.696099, "energy": 79.304309, "activity_lines": [ 26.063576, 25.884649, 25.664936, 25.301154 ] }, { "date": "2024-06-07", "close": 26.163895, "volume": 13200, "typical_volume": 22210.0, "trend": 24.878875, "fair_value": 23.509658, "relative_strength": 2.226931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.217325, "energy": 76.120491, "activity_lines": [ 26.117295, 25.954196, 25.740857, 25.390555 ] }, { "date": "2024-06-14", "close": 25.882355, "volume": 26000, "typical_volume": 22115.0, "trend": 24.958299, "fair_value": 23.537162, "relative_strength": 2.825221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.892804, "energy": 53.019642, "activity_lines": [ 26.03704, 25.964257, 25.779489, 25.455296 ] }, { "date": "2024-06-21", "close": 25.717314, "volume": 34400, "typical_volume": 23080.0, "trend": 25.027078, "fair_value": 23.558608, "relative_strength": 2.556777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.454438, "energy": 34.525239, "activity_lines": [ 25.91601, 25.941487, 25.795759, 25.504264 ] }, { "date": "2024-06-28", "close": 26.223448, "volume": 15700, "typical_volume": 22540.0, "trend": 25.108551, "fair_value": 23.583119, "relative_strength": 3.020556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.747936, "energy": 38.890812, "activity_lines": [ 25.991522, 26.008093, 25.855158, 25.581449 ] }, { "date": "2024-07-05", "close": 26.477001, "volume": 15900, "typical_volume": 22850.0, "trend": 25.202975, "fair_value": 23.61122, "relative_strength": 3.130401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.663025, "energy": 46.855062, "activity_lines": [ 26.15729, 26.102419, 25.930299, 25.669737 ] }, { "date": "2024-07-12", "close": 27.383951, "volume": 14200, "typical_volume": 22490.0, "trend": 25.335023, "fair_value": 23.648766, "relative_strength": 3.728649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.466951, "energy": 67.651524, "activity_lines": [ 26.587672, 26.345361, 26.083632, 25.810445 ] }, { "date": "2024-07-19", "close": 27.305933, "volume": 20000, "typical_volume": 22830.0, "trend": 25.460626, "fair_value": 23.684502, "relative_strength": 3.316022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.912514, "energy": 88.614936, "activity_lines": [ 26.910712, 26.540991, 26.218046, 25.9376 ] }, { "date": "2024-07-26", "close": 27.383951, "volume": 10600, "typical_volume": 22720.0, "trend": 25.58334, "fair_value": 23.716929, "relative_strength": 3.012033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.050449, "energy": 90.792072, "activity_lines": [ 27.164853, 26.728807, 26.350527, 26.061686 ] }, { "date": "2024-08-02", "close": 26.769569, "volume": 16400, "typical_volume": 22710.0, "trend": 25.689449, "fair_value": 23.745893, "relative_strength": 3.299429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.39789, "energy": 79.351583, "activity_lines": [ 27.10309, 26.782204, 26.415913, 26.138217 ] }, { "date": "2024-08-09", "close": 26.73056, "volume": 36400, "typical_volume": 23875.0, "trend": 25.779083, "fair_value": 23.771631, "relative_strength": 2.694586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.542481, "energy": 53.431125, "activity_lines": [ 26.991916, 26.820144, 26.472111, 26.205385 ] }, { "date": "2024-08-16", "close": 28.125111, "volume": 5800, "typical_volume": 24025.0, "trend": 25.917785, "fair_value": 23.8125, "relative_strength": 4.453165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.747617, "energy": 61.600328, "activity_lines": [ 27.328689, 27.096746, 26.656161, 26.356742 ] }, { "date": "2024-08-23", "close": 28.066597, "volume": 6800, "typical_volume": 22540.0, "trend": 26.037101, "fair_value": 23.847933, "relative_strength": 3.143541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.948971, "energy": 62.5069, "activity_lines": [ 27.596547, 27.327051, 26.823125, 26.495375 ] }, { "date": "2024-08-30", "close": 28.359161, "volume": 12400, "typical_volume": 22725.0, "trend": 26.16068, "fair_value": 23.883634, "relative_strength": 3.850337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.739683, "energy": 81.528941, "activity_lines": [ 27.911214, 27.570836, 27.006812, 26.645185 ] }, { "date": "2024-09-06", "close": 27.218166, "volume": 5500, "typical_volume": 21305.0, "trend": 26.252683, "fair_value": 23.912914, "relative_strength": 2.067548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.918207, "energy": 64.470921, "activity_lines": [ 27.780536, 27.559134, 27.06856, 26.71341 ] }, { "date": "2024-09-13", "close": 28.495691, "volume": 2500, "typical_volume": 20155.0, "trend": 26.377261, "fair_value": 23.951277, "relative_strength": 3.147493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.625445, "energy": 65.890319, "activity_lines": [ 28.045794, 27.761623, 27.242425, 26.85812 ] }, { "date": "2024-09-20", "close": 28.778503, "volume": 4400, "typical_volume": 17105.0, "trend": 26.504163, "fair_value": 23.99161, "relative_strength": 2.757089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.965186, "energy": 62.967834, "activity_lines": [ 28.287646, 27.97883, 27.429347, 27.013039 ] }, { "date": "2024-09-27", "close": 29.089657, "volume": 9600, "typical_volume": 17185.0, "trend": 26.629168, "fair_value": 24.034536, "relative_strength": 3.366225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.889699, "energy": 65.555795, "activity_lines": [ 28.589658, 28.227254, 27.630586, 27.179845 ] }, { "date": "2024-10-04", "close": 29.314703, "volume": 8400, "typical_volume": 17155.0, "trend": 26.753602, "fair_value": 24.0755, "relative_strength": 3.182661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.578199, "energy": 87.453342, "activity_lines": [ 28.89848, 28.484164, 27.839003, 27.353105 ] }, { "date": "2024-10-11", "close": 29.911562, "volume": 7800, "typical_volume": 14970.0, "trend": 26.89664, "fair_value": 24.118021, "relative_strength": 3.845509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.2623, "energy": 92.614015, "activity_lines": [ 29.342553, 28.814489, 28.08912, 27.556845 ] }, { "date": "2024-10-18", "close": 30.488855, "volume": 11300, "typical_volume": 13865.0, "trend": 27.056662, "fair_value": 24.162153, "relative_strength": 4.242678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.363302, "energy": 94.978923, "activity_lines": [ 29.799497, 29.19265, 28.377065, 27.788601 ] }, { "date": "2024-10-25", "close": 30.469286, "volume": 6100, "typical_volume": 13510.0, "trend": 27.215385, "fair_value": 24.207713, "relative_strength": 5.564333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.328589, "energy": 92.305374, "activity_lines": [ 30.11704, 29.49892, 28.64135, 28.00877 ] }, { "date": "2024-11-01", "close": 30.3323, "volume": 7700, "typical_volume": 12595.0, "trend": 27.368894, "fair_value": 24.249766, "relative_strength": 5.846219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.741457, "energy": 88.957131, "activity_lines": [ 30.276202, 29.737662, 28.872086, 28.209861 ] }, { "date": "2024-11-08", "close": 31.702148, "volume": 10800, "typical_volume": 11415.0, "trend": 27.573243, "fair_value": 24.300601, "relative_strength": 8.192325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.717003, "energy": 94.704928, "activity_lines": [ 30.809138, 30.184273, 29.212094, 28.489426 ] }, { "date": "2024-11-15", "close": 31.007439, "volume": 10000, "typical_volume": 11130.0, "trend": 27.766408, "fair_value": 24.351401, "relative_strength": 5.124861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.579475, "energy": 84.692931, "activity_lines": [ 30.951341, 30.443792, 29.45744, 28.710987 ] }, { "date": "2024-11-22", "close": 31.936981, "volume": 17600, "typical_volume": 11215.0, "trend": 27.978261, "fair_value": 24.41013, "relative_strength": 5.785654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.165381, "energy": 81.4855, "activity_lines": [ 31.330333, 30.803422, 29.768533, 28.980056 ] }, { "date": "2024-11-29", "close": 32.054386, "volume": 10300, "typical_volume": 11020.0, "trend": 28.194674, "fair_value": 24.474747, "relative_strength": 5.182725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.037063, "energy": 74.395486, "activity_lines": [ 31.651918, 31.12183, 30.064807, 29.243032 ] }, { "date": "2024-12-06", "close": 32.886089, "volume": 16800, "typical_volume": 10860.0, "trend": 28.421013, "fair_value": 24.540755, "relative_strength": 7.524131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.226591, "energy": 89.00675, "activity_lines": [ 32.145064, 31.531895, 30.418051, 29.545704 ] }, { "date": "2024-12-13", "close": 32.602337, "volume": 12700, "typical_volume": 10965.0, "trend": 28.636598, "fair_value": 24.607869, "relative_strength": 8.097022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.944216, "energy": 87.416002, "activity_lines": [ 32.373373, 31.821342, 30.717698, 29.815467 ] }, { "date": "2024-12-20", "close": 31.829344, "volume": 6800, "typical_volume": 10485.0, "trend": 28.820592, "fair_value": 24.666366, "relative_strength": 8.138562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.928155, "energy": 67.407178, "activity_lines": [ 32.284006, 31.910471, 30.918878, 30.02145 ] }, { "date": "2024-12-27", "close": 31.893213, "volume": 5800, "typical_volume": 8955.0, "trend": 29.019984, "fair_value": 24.723177, "relative_strength": 7.227544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.795764, "energy": 65.21104, "activity_lines": [ 32.161134, 31.976343, 31.102047, 30.219684 ] }, { "date": "2025-01-03", "close": 32.423786, "volume": 6500, "typical_volume": 8990.0, "trend": 29.228647, "fair_value": 24.784167, "relative_strength": 7.519376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.498749, "energy": 63.466286, "activity_lines": [ 32.218038, 32.113149, 31.311162, 30.439284 ] }, { "date": "2025-01-10", "close": 32.070072, "volume": 35200, "typical_volume": 10410.0, "trend": 29.434904, "fair_value": 24.840314, "relative_strength": 7.402794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.294711, "energy": 50.228216, "activity_lines": [ 32.132411, 32.150107, 31.46612, 30.622602 ] }, { "date": "2025-01-17", "close": 32.590813, "volume": 23600, "typical_volume": 10970.0, "trend": 29.66402, "fair_value": 24.905728, "relative_strength": 7.575661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.755059, "energy": 55.871923, "activity_lines": [ 32.274765, 32.250149, 31.651609, 30.826209 ] }, { "date": "2025-01-24", "close": 33.190166, "volume": 20700, "typical_volume": 11730.0, "trend": 29.896244, "fair_value": 24.971511, "relative_strength": 7.584207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.147993, "energy": 62.081036, "activity_lines": [ 32.617672, 32.443008, 31.874028, 31.053702 ] }, { "date": "2025-01-31", "close": 32.865929, "volume": 63900, "typical_volume": 14800.0, "trend": 30.109209, "fair_value": 25.031502, "relative_strength": 6.064925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.914227, "energy": 54.7578, "activity_lines": [ 32.761779, 32.537228, 32.037129, 31.245295 ] }, { "date": "2025-02-07", "close": 33.072262, "volume": 12000, "typical_volume": 15180.0, "trend": 30.298819, "fair_value": 25.091559, "relative_strength": 6.879314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.851984, "energy": 51.858634, "activity_lines": [ 32.909815, 32.652073, 32.19907, 31.436459 ] }, { "date": "2025-02-14", "close": 32.846275, "volume": 21800, "typical_volume": 15790.0, "trend": 30.483497, "fair_value": 25.154598, "relative_strength": 5.773493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.917273, "energy": 47.973953, "activity_lines": [ 32.93929, 32.707323, 32.319043, 31.600811 ] }, { "date": "2025-02-21", "close": 32.53186, "volume": 23500, "typical_volume": 16545.0, "trend": 30.655094, "fair_value": 25.215023, "relative_strength": 5.948408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.643595, "energy": 40.41502, "activity_lines": [ 32.812214, 32.70613, 32.391182, 31.732964 ] }, { "date": "2025-02-28", "close": 32.541683, "volume": 18400, "typical_volume": 17075.0, "trend": 30.847498, "fair_value": 25.274193, "relative_strength": 4.777068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.926372, "energy": 29.913528, "activity_lines": [ 32.692342, 32.708005, 32.448937, 31.854679 ] }, { "date": "2025-03-07", "close": 31.510025, "volume": 21800, "typical_volume": 17600.0, "trend": 31.006813, "fair_value": 25.323217, "relative_strength": 3.899635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.611005, "energy": 13.900157, "activity_lines": [ 32.271817, 32.509354, 32.395914, 31.897423 ] }, { "date": "2025-03-14", "close": 31.519852, "volume": 154800, "typical_volume": 25035.0, "trend": 31.119971, "fair_value": 25.369429, "relative_strength": 4.618957, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.15032, "energy": 11.457329, "activity_lines": [ 31.94496, 32.319456, 32.338965, 31.930522 ] }, { "date": "2025-03-21", "close": 32.168327, "volume": 11000, "typical_volume": 25200.0, "trend": 31.256696, "fair_value": 25.418833, "relative_strength": 4.799397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.797571, "energy": 14.104845, "activity_lines": [ 31.937756, 32.263899, 32.338773, 31.998158 ] }, { "date": "2025-03-28", "close": 32.005436, "volume": 20400, "typical_volume": 25680.0, "trend": 31.378238, "fair_value": 25.467734, "relative_strength": 4.931933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.432619, "energy": 14.32415, "activity_lines": [ 31.921452, 32.176938, 32.314324, 32.046464 ] }, { "date": "2025-04-04", "close": 30.123343, "volume": 49200, "typical_volume": 27640.0, "trend": 31.475077, "fair_value": 25.505111, "relative_strength": 5.193095, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.284588, "energy": 30.650342, "activity_lines": [ 31.312878, 31.758422, 32.109184, 31.965503 ] }, { "date": "2025-04-11", "close": 30.586477, "volume": 52200, "typical_volume": 29370.0, "trend": 31.54477, "fair_value": 25.544255, "relative_strength": 4.81424, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.834486, "energy": 37.869335, "activity_lines": [ 31.019905, 31.479873, 31.952362, 31.908174 ] }, { "date": "2025-04-18", "close": 31.70982, "volume": 11200, "typical_volume": 29415.0, "trend": 31.642481, "fair_value": 25.592463, "relative_strength": 5.692381, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.251793, "energy": 31.833475, "activity_lines": [ 31.162949, 31.447012, 31.908955, 31.918822 ] }, { "date": "2025-04-25", "close": 32.4193, "volume": 35900, "typical_volume": 30370.0, "trend": 31.753469, "fair_value": 25.646781, "relative_strength": 5.551797, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.336504, "energy": 14.125006, "activity_lines": [ 31.529822, 31.567919, 31.93476, 31.96894 ] }, { "date": "2025-05-02", "close": 33.118927, "volume": 17800, "typical_volume": 30625.0, "trend": 31.880276, "fair_value": 25.705823, "relative_strength": 6.186644, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.18145, "energy": 12.621282, "activity_lines": [ 32.113173, 31.823795, 32.029418, 32.057034 ] }, { "date": "2025-05-09", "close": 33.857971, "volume": 23800, "typical_volume": 31475.0, "trend": 32.011823, "fair_value": 25.773869, "relative_strength": 6.886769, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.306102, "energy": 45.706475, "activity_lines": [ 32.868639, 32.203368, 32.192001, 32.184627 ] }, { "date": "2025-05-16", "close": 34.429493, "volume": 8800, "typical_volume": 31625.0, "trend": 32.143178, "fair_value": 25.845819, "relative_strength": 5.856114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.360268, "energy": 72.112993, "activity_lines": [ 33.565637, 32.662921, 32.399355, 32.340606 ] }, { "date": "2025-05-23", "close": 34.626572, "volume": 7900, "typical_volume": 31695.0, "trend": 32.281754, "fair_value": 25.912063, "relative_strength": 6.579423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.995834, "energy": 80.44655, "activity_lines": [ 34.072127, 33.105226, 32.613401, 32.500825 ] }, { "date": "2025-05-30", "close": 35.138977, "volume": 10500, "typical_volume": 30460.0, "trend": 32.441977, "fair_value": 25.981171, "relative_strength": 6.644967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.517354, "energy": 85.231985, "activity_lines": [ 34.554968, 33.58421, 32.865758, 32.685162 ] }, { "date": "2025-06-06", "close": 35.306492, "volume": 30100, "typical_volume": 30785.0, "trend": 32.562122, "fair_value": 26.054777, "relative_strength": 5.885759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.465161, "energy": 87.681276, "activity_lines": [ 34.912336, 34.039639, 33.119455, 32.869969 ] }, { "date": "2025-06-13", "close": 35.621819, "volume": 30800, "typical_volume": 31290.0, "trend": 32.715934, "fair_value": 26.143622, "relative_strength": 6.288301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.848308, "energy": 88.976938, "activity_lines": [ 35.228975, 34.492381, 33.390251, 33.067369 ] }, { "date": "2025-06-20", "close": 35.966702, "volume": 10000, "typical_volume": 28595.0, "trend": 32.850258, "fair_value": 26.234797, "relative_strength": 7.077429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.982076, "energy": 90.076021, "activity_lines": [ 35.542986, 34.907857, 33.682314, 33.277096 ] }, { "date": "2025-06-27", "close": 35.895699, "volume": 43200, "typical_volume": 30155.0, "trend": 32.978302, "fair_value": 26.325157, "relative_strength": 5.851996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.781557, "energy": 86.226695, "activity_lines": [ 35.730848, 35.212601, 33.952849, 33.473576 ] }, { "date": "2025-07-04", "close": 36.202587, "volume": 21600, "typical_volume": 30145.0, "trend": 33.088852, "fair_value": 26.414721, "relative_strength": 5.122108, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.47322, "energy": 90.049409, "activity_lines": [ 35.936398, 35.497036, 34.239166, 33.681594 ] }, { "date": "2025-07-11", "close": 36.291679, "volume": 17600, "typical_volume": 29850.0, "trend": 33.21183, "fair_value": 26.509181, "relative_strength": 5.273398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.584612, "energy": 90.617025, "activity_lines": [ 36.100738, 35.728882, 34.517986, 33.888228 ] }, { "date": "2025-07-18", "close": 36.450073, "volume": 18500, "typical_volume": 29855.0, "trend": 33.365854, "fair_value": 26.597387, "relative_strength": 4.401281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.603483, "energy": 91.029476, "activity_lines": [ 36.252196, 35.931841, 34.793988, 34.097147 ] }, { "date": "2025-07-25", "close": 36.727261, "volume": 24500, "typical_volume": 29990.0, "trend": 33.526989, "fair_value": 26.680822, "relative_strength": 4.292321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.357211, "energy": 93.109694, "activity_lines": [ 36.440834, 36.138069, 35.077777, 34.314012 ] }, { "date": "2025-08-01", "close": 36.68766, "volume": 30400, "typical_volume": 23770.0, "trend": 33.669118, "fair_value": 26.765445, "relative_strength": 5.763769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.149468, "energy": 89.767232, "activity_lines": [ 36.565567, 36.295319, 35.33295, 34.517926 ] }, { "date": "2025-08-08", "close": 37.410328, "volume": 15800, "typical_volume": 24010.0, "trend": 33.847127, "fair_value": 26.848031, "relative_strength": 4.743909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.844692, "energy": 92.540634, "activity_lines": [ 36.878393, 36.546488, 35.63234, 34.759295 ] }, { "date": "2025-08-15", "close": 37.331127, "volume": 26300, "typical_volume": 24305.0, "trend": 34.005137, "fair_value": 26.930411, "relative_strength": 3.789511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.666985, "energy": 84.417681, "activity_lines": [ 37.084301, 36.741961, 35.899225, 34.984069 ] }, { "date": "2025-08-22", "close": 37.598415, "volume": 23100, "typical_volume": 23000.0, "trend": 34.152079, "fair_value": 27.014323, "relative_strength": 2.768408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.790835, "energy": 72.828281, "activity_lines": [ 37.31001, 36.949219, 36.166206, 35.215893 ] }, { "date": "2025-08-29", "close": 37.697411, "volume": 57100, "typical_volume": 23245.0, "trend": 34.313128, "fair_value": 27.105419, "relative_strength": 2.044696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.948584, "energy": 72.025525, "activity_lines": [ 37.492161, 37.138539, 36.40702, 35.444624 ] }, { "date": "2025-09-05", "close": 38.736866, "volume": 22600, "typical_volume": 23815.0, "trend": 34.501949, "fair_value": 27.201195, "relative_strength": 2.891692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.818745, "energy": 77.199269, "activity_lines": [ 37.95612, 37.485383, 36.712968, 35.730027 ] }, { "date": "2025-09-12", "close": 38.400284, "volume": 41100, "typical_volume": 24075.0, "trend": 34.687082, "fair_value": 27.298598, "relative_strength": 1.032095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.614984, "energy": 72.372057, "activity_lines": [ 38.171272, 37.719372, 36.953398, 35.981532 ] }, { "date": "2025-09-19", "close": 38.627968, "volume": 42900, "typical_volume": 25330.0, "trend": 34.890286, "fair_value": 27.405939, "relative_strength": -0.15919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.153607, "energy": 72.086156, "activity_lines": [ 38.396321, 37.954801, 37.187031, 36.235783 ] }, { "date": "2025-09-26", "close": 38.814888, "volume": 26500, "typical_volume": 25465.0, "trend": 35.099393, "fair_value": 27.513749, "relative_strength": 0.214488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.987081, "energy": 71.533983, "activity_lines": [ 38.59722, 38.181737, 37.412233, 36.488983 ] }, { "date": "2025-10-03", "close": 39.798931, "volume": 7700, "typical_volume": 25410.0, "trend": 35.37569, "fair_value": 27.626285, "relative_strength": 0.222026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.465542, "energy": 76.0342, "activity_lines": [ 39.045036, 38.544593, 37.707549, 36.792179 ] }, { "date": "2025-10-10", "close": 39.451038, "volume": 16600, "typical_volume": 25845.0, "trend": 35.640062, "fair_value": 27.738233, "relative_strength": 1.263659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.673265, "energy": 70.606947, "activity_lines": [ 39.236787, 38.788348, 37.944163, 37.055105 ] }, { "date": "2025-10-17", "close": 39.918209, "volume": 17600, "typical_volume": 26200.0, "trend": 35.898392, "fair_value": 27.851229, "relative_strength": 1.440369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.551424, "energy": 71.650556, "activity_lines": [ 39.536649, 39.0668, 38.202296, 37.331114 ] }, { "date": "2025-10-24", "close": 40.405258, "volume": 34200, "typical_volume": 26405.0, "trend": 36.178386, "fair_value": 27.962421, "relative_strength": 1.722387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.619757, "energy": 72.307309, "activity_lines": [ 39.897666, 39.388208, 38.484057, 37.62188 ] }, { "date": "2025-10-31", "close": 40.474838, "volume": 31500, "typical_volume": 26440.0, "trend": 36.523436, "fair_value": 28.075579, "relative_strength": 2.078209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.754854, "energy": 70.292173, "activity_lines": [ 40.16339, 39.666373, 38.748164, 37.89907 ] }, { "date": "2025-11-07", "close": 39.659775, "volume": 18400, "typical_volume": 26860.0, "trend": 36.825879, "fair_value": 28.178585, "relative_strength": 1.120473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.797072, "energy": 65.291258, "activity_lines": [ 40.046764, 39.744047, 38.911537, 38.101415 ] }, { "date": "2025-11-14", "close": 41.031464, "volume": 35600, "typical_volume": 26480.0, "trend": 37.1366, "fair_value": 28.292208, "relative_strength": 3.02659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.097972, "energy": 68.351635, "activity_lines": [ 40.396644, 40.03544, 39.187961, 38.372743 ] }, { "date": "2025-11-21", "close": 40.912189, "volume": 26400, "typical_volume": 26720.0, "trend": 37.419697, "fair_value": 28.402209, "relative_strength": 3.138818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.788158, "energy": 62.67108, "activity_lines": [ 40.601404, 40.263426, 39.428569, 38.616329 ] }, { "date": "2025-11-28", "close": 43.079063, "volume": 25400, "typical_volume": 27110.0, "trend": 37.751701, "fair_value": 28.524274, "relative_strength": 4.185083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.815319, "energy": 72.177412, "activity_lines": [ 41.46219, 40.839718, 39.853119, 38.98145 ] }, { "date": "2025-12-05", "close": 42.880264, "volume": 58100, "typical_volume": 29090.0, "trend": 38.052444, "fair_value": 28.648959, "relative_strength": 3.80524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.005346, "energy": 78.083643, "activity_lines": [ 42.078456, 41.298936, 40.226416, 39.312325 ] }, { "date": "2025-12-12", "close": 43.337494, "volume": 39000, "typical_volume": 29815.0, "trend": 38.349378, "fair_value": 28.779068, "relative_strength": 4.064918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.337238, "energy": 86.70125, "activity_lines": [ 42.68677, 41.767371, 40.612638, 39.653296 ] }, { "date": "2025-12-19", "close": 43.675449, "volume": 45500, "typical_volume": 30570.0, "trend": 38.651007, "fair_value": 28.911544, "relative_strength": 3.9988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.277376, "energy": 89.566067, "activity_lines": [ 43.162555, 42.232914, 40.999569, 39.996913 ] }, { "date": "2025-12-26", "close": 44.029804, "volume": 21900, "typical_volume": 30875.0, "trend": 38.947368, "fair_value": 29.046782, "relative_strength": 3.907561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.264281, "energy": 88.288939, "activity_lines": [ 43.580193, 42.686079, 41.386973, 40.343932 ] }, { "date": "2026-01-02", "close": 44.109554, "volume": 18600, "typical_volume": 30490.0, "trend": 39.240803, "fair_value": 29.180817, "relative_strength": 4.338949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.39611, "energy": 82.972832, "activity_lines": [ 43.816572, 43.078987, 41.750451, 40.676976 ] }, { "date": "2026-01-09", "close": 45.086441, "volume": 80000, "typical_volume": 33335.0, "trend": 39.556291, "fair_value": 29.317991, "relative_strength": 4.131779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.318817, "energy": 84.326356, "activity_lines": [ 44.309882, 43.58216, 42.174687, 41.054114 ] }, { "date": "2026-01-16", "close": 45.883904, "volume": 67200, "typical_volume": 33840.0, "trend": 39.886864, "fair_value": 29.460277, "relative_strength": 4.467714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.647734, "energy": 90.272498, "activity_lines": [ 44.921934, 44.146479, 42.639215, 41.462348 ] }, { "date": "2026-01-23", "close": 46.382317, "volume": 41000, "typical_volume": 34760.0, "trend": 40.236418, "fair_value": 29.604779, "relative_strength": 5.123586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.844605, "energy": 92.653311, "activity_lines": [ 45.530362, 44.688252, 43.112228, 41.881409 ] }, { "date": "2026-01-30", "close": 44.93692, "volume": 51800, "typical_volume": 35295.0, "trend": 40.527562, "fair_value": 29.740933, "relative_strength": 5.560994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.773904, "energy": 67.436134, "activity_lines": [ 45.476534, 44.869938, 43.411177, 42.184667 ] }, { "date": "2026-02-06", "close": 46.771076, "volume": 33200, "typical_volume": 34810.0, "trend": 40.876876, "fair_value": 29.889825, "relative_strength": 7.79859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.080992, "energy": 71.891287, "activity_lines": [ 45.973617, 45.31193, 43.85368, 42.587475 ] }, { "date": "2026-02-13", "close": 47.897491, "volume": 105700, "typical_volume": 38770.0, "trend": 41.258456, "fair_value": 30.044223, "relative_strength": 8.135184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.322641, "energy": 74.39214, "activity_lines": [ 46.668737, 45.891597, 44.364685, 43.040417 ] }, { "date": "2026-02-20", "close": 48.844475, "volume": 92600, "typical_volume": 43015.0, "trend": 41.662363, "fair_value": 30.206467, "relative_strength": 7.614869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.405898, "energy": 74.990305, "activity_lines": [ 47.492115, 46.55222, 44.922628, 43.529838 ] }, { "date": "2026-02-27", "close": 49.911079, "volume": 60400, "typical_volume": 45205.0, "trend": 42.103144, "fair_value": 30.370956, "relative_strength": 8.025522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.550637, "energy": 96.275367, "activity_lines": [ 48.473656, 47.306645, 45.539078, 44.062013 ] }, { "date": "2026-03-06", "close": 47.827713, "volume": 111900, "typical_volume": 49920.0, "trend": 42.45039, "fair_value": 30.526376, "relative_strength": 7.182242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.875703, "energy": 82.581098, "activity_lines": [ 48.525491, 47.568901, 45.907303, 44.43134 ] }, { "date": "2026-03-13", "close": 47.119968, "volume": 239400, "typical_volume": 60180.0, "trend": 42.776685, "fair_value": 30.681055, "relative_strength": 7.103456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.057153, "energy": 65.943948, "activity_lines": [ 48.148691, 47.633423, 46.170459, 44.732603 ] }, { "date": "2026-03-20", "close": 45.535015, "volume": 106900, "typical_volume": 63950.0, "trend": 43.041238, "fair_value": 30.825061, "relative_strength": 7.29493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.868205, "energy": 47.596161, "activity_lines": [ 47.220315, 47.355037, 46.250692, 44.91056 ] }, { "date": "2026-03-27", "close": 46.48, "volume": 55900, "typical_volume": 65825.0, "trend": 43.333991, "fair_value": 30.969283, "relative_strength": 7.071612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.945425, "energy": 27.216424, "activity_lines": [ 46.764431, 47.24031, 46.396828, 45.132416 ] }, { "date": "2026-04-03", "close": 47.959999, "volume": 56800, "typical_volume": 66885.0, "trend": 43.641429, "fair_value": 31.124899, "relative_strength": 6.426053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.538461, "energy": 26.890378, "activity_lines": [ 46.959513, 47.383836, 46.651439, 45.430868 ] }, { "date": "2026-04-10", "close": 49.66, "volume": 99200, "typical_volume": 70525.0, "trend": 44.016753, "fair_value": 31.289628, "relative_strength": 8.006566, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.643731, "energy": 43.620758, "activity_lines": [ 47.851333, 47.807769, 47.034962, 45.819163 ] }, { "date": "2026-04-17", "close": 50.09, "volume": 192700, "typical_volume": 78890.0, "trend": 44.398821, "fair_value": 31.457237, "relative_strength": 6.656517, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.223785, "energy": 56.497568, "activity_lines": [ 48.764334, 48.224008, 47.417781, 46.210985 ] }, { "date": "2026-04-24", "close": 49.806717, "volume": 133700, "typical_volume": 82670.0, "trend": 44.765215, "fair_value": 31.623707, "relative_strength": 7.19971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.697376, "energy": 65.906887, "activity_lines": [ 49.384906, 48.528398, 47.740235, 46.559882 ] }, { "date": "2026-05-01", "close": 49.986164, "volume": 93200, "typical_volume": 85380.0, "trend": 45.104789, "fair_value": 31.792741, "relative_strength": 7.398095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.907148, "energy": 75.14325, "activity_lines": [ 49.780512, 48.830701, 48.046796, 46.896717 ] }, { "date": "2026-05-08", "close": 50.414845, "volume": 98600, "typical_volume": 88035.0, "trend": 45.47025, "fair_value": 31.963663, "relative_strength": 7.508938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.739059, "energy": 75.710003, "activity_lines": [ 50.085269, 49.190188, 48.362524, 47.239301 ] }, { "date": "2026-05-15", "close": 50.195518, "volume": 65500, "typical_volume": 90215.0, "trend": 45.812826, "fair_value": 32.131518, "relative_strength": 7.576976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.67036, "energy": 59.993585, "activity_lines": [ 50.15326, 49.500638, 48.625271, 47.544157 ] }, { "date": "2026-05-22", "close": 50.65411, "volume": 86500, "typical_volume": 93610.0, "trend": 46.154455, "fair_value": 32.304711, "relative_strength": 6.355574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.368079, "energy": 55.297568, "activity_lines": [ 50.338413, 49.851418, 48.902333, 47.856498 ] }, { "date": "2026-05-29", "close": 51.202423, "volume": 81500, "typical_volume": 93685.0, "trend": 46.512041, "fair_value": 32.48025, "relative_strength": 6.393547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.605766, "energy": 56.497904, "activity_lines": [ 50.668731, 50.237634, 49.200451, 48.182174 ] }, { "date": "2026-06-05", "close": 50.693985, "volume": 47600, "typical_volume": 92705.0, "trend": 46.879848, "fair_value": 32.654313, "relative_strength": 6.223065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.317358, "energy": 52.654218, "activity_lines": [ 50.736522, 50.428362, 49.421022, 48.451976 ] }, { "date": "2026-06-12", "close": 50.863468, "volume": 22800, "typical_volume": 91795.0, "trend": 47.207581, "fair_value": 32.828787, "relative_strength": 4.815973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.076624, "energy": 52.598805, "activity_lines": [ 50.813619, 50.573288, 49.634829, 48.708984 ] }, { "date": "2026-06-19", "close": 50.93325, "volume": 10000, "typical_volume": 89705.0, "trend": 47.541617, "fair_value": 33.007641, "relative_strength": 4.722931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.357159, "energy": 55.329264, "activity_lines": [ 50.884069, 50.678111, 49.833944, 48.94935 ] }, { "date": "2026-06-26", "close": 50.599998, "volume": 7600, "typical_volume": 88425.0, "trend": 47.792315, "fair_value": 33.178682, "relative_strength": 3.858611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.891377, "energy": 46.815252, "activity_lines": [ 50.794252, 50.699193, 49.972766, 49.146665 ] }, { "date": "2026-07-03", "close": 51.220001, "volume": 18200, "typical_volume": 84050.0, "trend": 48.070306, "fair_value": 33.356105, "relative_strength": 4.168739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.407475, "energy": 50.832788, "activity_lines": [ 50.914711, 50.82373, 50.152403, 49.367806 ] }, { "date": "2026-07-10", "close": 51.360001, "volume": 49600, "typical_volume": 81900.0, "trend": 48.337723, "fair_value": 33.531771, "relative_strength": 4.121448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.61722, "energy": 53.91602, "activity_lines": [ 51.080665, 50.948025, 50.329552, 49.580044 ] }, { "date": "2026-07-17", "close": 49.860001, "volume": 112500, "typical_volume": 84505.0, "trend": 48.543875, "fair_value": 33.695971, "relative_strength": 1.088678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.208953, "energy": 33.513958, "activity_lines": [ 50.702217, 50.774615, 50.351865, 49.678256 ] }, { "date": "2026-07-24", "close": 50.099998, "volume": 74300, "typical_volume": 82625.0, "trend": 48.746214, "fair_value": 33.861895, "relative_strength": 1.160912, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.70041, "energy": 26.478888, "activity_lines": [ 50.470666, 50.654928, 50.397278, 49.778651 ] }, { "date": "2026-07-31", "close": 49.48, "volume": 506700, "typical_volume": 95990.0, "trend": 48.925229, "fair_value": 34.027547, "relative_strength": 0.25008, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.286232, "energy": 16.431367, "activity_lines": [ 50.088, 50.424251, 50.372824, 49.825992 ] }, { "date": "2026-08-07", "close": 50.529999, "volume": 73500, "typical_volume": 94320.0, "trend": 49.106681, "fair_value": 34.199929, "relative_strength": -0.929045, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.776267, "energy": 18.79882, "activity_lines": [ 50.129999, 50.40583, 50.437131, 49.929525 ] } ], "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." } } }