{ "ticker": { "uuid": "7d5f66cb-c15f-4f82-babb-16520bec91ac", "symbol": "NWG", "name": "Natwest Group PLC", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 82.828, "architecture_energy": 87.711, "architecture_maturity": 21.659, "architecture_confidence": 82.919, "architecture_tenure": "New", "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": 8.86, "rotation_up": 82.8, "upward_expansion": 98.34, "deceleration": 39.57, "rotation_down": 10.55, "downward_expansion": 20.34 }, "activity_lines": [ 18.614667, 18.112909, 17.250857, 16.762381 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 19.19, "trend_reference": 16.391465, "distance_from_trend": 0.170731, "trend_direction": "Improving", "fair_value": 10.663484, "distance_from_fair_value": 0.799599, "fair_value_direction": "Improving", "relative_strength": 8.875245, "relative_strength_direction": "Improving", "price_momentum": 0.107014, "excess_performance": -0.018611, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.170731, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034547, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.799599, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.162012, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.088752, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.131173, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.107014, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.628746, "read": "Demand-led" } ], "volume": { "latest": 23164757, "relative_activity": 1.114558, "balance": 4.628746, "dry_up": 1.060472, "accumulation_observations": 6, "distribution_observations": 0 }, "risk": { "range_context": 0.046184, "annualized_volatility": 0.334115, "from_high_reference": -0.011843, "from_low_reference": 0.478467 }, "levels": { "trend_reference": 16.391465, "fair_value_reference": 10.663484, "structural_low": 13.76, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 36, "median_return": 0.035384, "positive_rate": 0.638889, "directional_follow_through": 0.638889, "median_excess_return": 0.019128, "regime_survival": 0.805556, "best_return": 0.212687, "worst_return": -0.194611, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.081218, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.06383, "regime_survival": 0.769231, "best_return": 0.356983, "worst_return": -0.137411, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.189112, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.119586, "regime_survival": 0.571429, "best_return": 0.541715, "worst_return": 0.018244, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.27369, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.206823, "regime_survival": 0.25, "best_return": 1.045029, "worst_return": -0.02772, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-29", "end": "2024-02-02", "tenure": "Developing", "return": 0.003552, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-09", "end": "2024-02-23", "tenure": "New", "return": 0.114391, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2025-01-10", "tenure": "Extended", "return": 0.545059, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.055828, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-07-04", "tenure": "Established", "return": 0.2464, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": 0.087041, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": -0.063385, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-03", "tenure": "New", "return": 0.062054, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-02-20", "tenure": "Established", "return": 0.170952, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.098193, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.191505, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-06-19", "tenure": "Developing", "return": -0.007692, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": 0.031359, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.070871, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.858267, "volume": 8315043, "typical_volume": 7217775.5, "trend": 5.341133, "fair_value": 4.334263, "relative_strength": -11.7917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.970527, "energy": 39.210447, "activity_lines": [ 4.999647, 5.03434, 5.141364, 5.216719 ] }, { "date": "2023-08-25", "close": 4.808268, "volume": 5426071, "typical_volume": 7195321.6, "trend": 5.299185, "fair_value": 4.351143, "relative_strength": -13.283064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.18377, "energy": 58.481723, "activity_lines": [ 4.913374, 4.990981, 5.099578, 5.182341 ] }, { "date": "2023-09-01", "close": 4.941599, "volume": 5762983, "typical_volume": 7127016.55, "trend": 5.268213, "fair_value": 4.369485, "relative_strength": -12.990038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.336022, "energy": 50.32632, "activity_lines": [ 4.904322, 4.981988, 5.073646, 5.159271 ] }, { "date": "2023-09-08", "close": 4.724935, "volume": 3665439, "typical_volume": 6783260.45, "trend": 5.230541, "fair_value": 4.387649, "relative_strength": -15.547046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.826244, "energy": 59.773405, "activity_lines": [ 4.837712, 4.929459, 5.030414, 5.124221 ] }, { "date": "2023-09-15", "close": 4.949932, "volume": 5487220, "typical_volume": 6641279.65, "trend": 5.212388, "fair_value": 4.407769, "relative_strength": -11.148382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.093289, "energy": 40.231448, "activity_lines": [ 4.863267, 4.922521, 5.012589, 5.106117 ] }, { "date": "2023-09-22", "close": 4.941599, "volume": 5454337, "typical_volume": 6176819.25, "trend": 5.198398, "fair_value": 4.427742, "relative_strength": -8.612595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.76804, "energy": 32.177458, "activity_lines": [ 4.8916, 4.912734, 4.996102, 5.088647 ] }, { "date": "2023-09-29", "close": 4.858267, "volume": 6872145, "typical_volume": 6235649.4, "trend": 5.172225, "fair_value": 4.445642, "relative_strength": -9.569061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.452915, "energy": 33.317288, "activity_lines": [ 4.8866, 4.892387, 4.97385, 5.066703 ] }, { "date": "2023-10-06", "close": 4.691603, "volume": 6071244, "typical_volume": 6227351.3, "trend": 5.150948, "fair_value": 4.462055, "relative_strength": -13.054013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.110703, "energy": 37.36536, "activity_lines": [ 4.822712, 4.849767, 4.937868, 5.035695 ] }, { "date": "2023-10-13", "close": 4.63327, "volume": 6328950, "typical_volume": 6277870.3, "trend": 5.136595, "fair_value": 4.478233, "relative_strength": -14.441249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.997951, "energy": 54.618359, "activity_lines": [ 4.756046, 4.805086, 4.900041, 5.002296 ] }, { "date": "2023-10-20", "close": 4.483272, "volume": 8110339, "typical_volume": 6385731.7, "trend": 5.111544, "fair_value": 4.492144, "relative_strength": -15.085883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.602319, "energy": 71.932959, "activity_lines": [ 4.645492, 4.739481, 4.851723, 4.960146 ] }, { "date": "2023-10-27", "close": 3.683283, "volume": 12842727, "typical_volume": 6719458.25, "trend": 5.055213, "fair_value": 4.50088, "relative_strength": -28.259146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.943978, "energy": 93.399267, "activity_lines": [ 4.299386, 4.538423, 4.731725, 4.868 ] }, { "date": "2023-11-03", "close": 3.90828, "volume": 13658873, "typical_volume": 7125303.95, "trend": 5.003126, "fair_value": 4.510872, "relative_strength": -27.792241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.882263, "energy": 93.438635, "activity_lines": [ 4.112166, 4.399637, 4.641164, 4.794005 ] }, { "date": "2023-11-10", "close": 4.074944, "volume": 13969369, "typical_volume": 7429180.1, "trend": 4.950895, "fair_value": 4.519041, "relative_strength": -25.415808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.753498, "energy": 87.501743, "activity_lines": [ 4.043834, 4.307517, 4.573413, 4.734122 ] }, { "date": "2023-11-17", "close": 4.37494, "volume": 10423929, "typical_volume": 7559788.5, "trend": 4.911377, "fair_value": 4.527922, "relative_strength": -21.399133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.58344, "energy": 80.633186, "activity_lines": [ 4.11661, 4.285699, 4.537274, 4.696964 ] }, { "date": "2023-11-24", "close": 4.358274, "volume": 4558756, "typical_volume": 7524872.5, "trend": 4.876732, "fair_value": 4.535856, "relative_strength": -22.132504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.673192, "energy": 51.402559, "activity_lines": [ 4.201054, 4.267214, 4.502442, 4.66128 ] }, { "date": "2023-12-01", "close": 4.665445, "volume": 9738357, "typical_volume": 7662038.15, "trend": 4.852326, "fair_value": 4.54436, "relative_strength": -17.007369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.127262, "energy": 25.086974, "activity_lines": [ 4.396221, 4.315337, 4.499332, 4.647648 ] }, { "date": "2023-12-08", "close": 4.793617, "volume": 12684200, "typical_volume": 7999666.15, "trend": 4.835177, "fair_value": 4.556716, "relative_strength": -14.568396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.644673, "energy": 23.152108, "activity_lines": [ 4.568634, 4.391784, 4.510946, 4.643861 ] }, { "date": "2023-12-15", "close": 4.844886, "volume": 10869017, "typical_volume": 8208887.2, "trend": 4.81431, "fair_value": 4.568143, "relative_strength": -15.301575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.654753, "energy": 23.126568, "activity_lines": [ 4.699115, 4.478728, 4.529854, 4.644487 ] }, { "date": "2023-12-22", "close": 4.827796, "volume": 8975472, "typical_volume": 8228788.95, "trend": 4.79423, "fair_value": 4.578294, "relative_strength": -15.935747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.367027, "energy": 25.970903, "activity_lines": [ 4.772569, 4.559778, 4.548642, 4.645357 ] }, { "date": "2023-12-29", "close": 4.810707, "volume": 5409343, "typical_volume": 8231190.7, "trend": 4.77358, "fair_value": 4.588055, "relative_strength": -16.083765, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.256748, "energy": 31.422005, "activity_lines": [ 4.810137, 4.634184, 4.566539, 4.64642 ] }, { "date": "2024-01-05", "close": 4.88761, "volume": 6384227, "typical_volume": 8134649.9, "trend": 4.757665, "fair_value": 4.59859, "relative_strength": -12.9042, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.585649, "energy": 34.13596, "activity_lines": [ 4.843177, 4.716619, 4.59282, 4.653777 ] }, { "date": "2024-01-12", "close": 4.665445, "volume": 8561102, "typical_volume": 8291401.45, "trend": 4.734344, "fair_value": 4.608446, "relative_strength": -17.745871, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.204525, "energy": 22.587719, "activity_lines": [ 4.787351, 4.736764, 4.597803, 4.647827 ] }, { "date": "2024-01-19", "close": 4.605632, "volume": 8811269, "typical_volume": 8443815.75, "trend": 4.730739, "fair_value": 4.618432, "relative_strength": -19.057935, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.869674, "energy": 10.317682, "activity_lines": [ 4.720132, 4.732266, 4.59777, 4.639523 ] }, { "date": "2024-01-26", "close": 4.930333, "volume": 9388874, "typical_volume": 8729987.5, "trend": 4.729003, "fair_value": 4.631479, "relative_strength": -13.52217, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.59975, "energy": 18.335697, "activity_lines": [ 4.777097, 4.777157, 4.63026, 4.6524 ] }, { "date": "2024-02-02", "close": 4.827796, "volume": 9568248, "typical_volume": 8934038.9, "trend": 4.727376, "fair_value": 4.640977, "relative_strength": -15.860768, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 10.283608, "energy": 11.8499, "activity_lines": [ 4.793047, 4.793306, 4.652006, 4.658774 ] }, { "date": "2024-02-09", "close": 4.631266, "volume": 7917982, "typical_volume": 9057221.15, "trend": 4.708615, "fair_value": 4.648609, "relative_strength": -19.679925, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.21988, "energy": 8.643914, "activity_lines": [ 4.742348, 4.765186, 4.655617, 4.652573 ] }, { "date": "2024-02-16", "close": 5.06705, "volume": 12776060, "typical_volume": 9352416.9, "trend": 4.700852, "fair_value": 4.657729, "relative_strength": -11.29784, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 43.112586, "energy": 40.318647, "activity_lines": [ 4.854, 4.816921, 4.702209, 4.675698 ] }, { "date": "2024-02-23", "close": 5.161042, "volume": 8668221, "typical_volume": 9482265.75, "trend": 4.700835, "fair_value": 4.667126, "relative_strength": -10.599431, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.692406, "energy": 61.719209, "activity_lines": [ 4.970209, 4.880774, 4.756759, 4.705388 ] }, { "date": "2024-03-01", "close": 5.44302, "volume": 7121119, "typical_volume": 9521874.2, "trend": 4.716188, "fair_value": 4.677397, "relative_strength": -6.068009, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.567976, "energy": 80.773656, "activity_lines": [ 5.143383, 4.990147, 4.835928, 4.753271 ] }, { "date": "2024-03-08", "close": 5.62246, "volume": 8200341, "typical_volume": 9526374.3, "trend": 4.735828, "fair_value": 4.688585, "relative_strength": -2.2521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.57074, "energy": 91.130357, "activity_lines": [ 5.342191, 5.120959, 4.928331, 4.81174 ] }, { "date": "2024-03-15", "close": 5.588747, "volume": 7607321, "typical_volume": 9264604.0, "trend": 4.760177, "fair_value": 4.699744, "relative_strength": -2.414049, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.77906, "energy": 90.670223, "activity_lines": [ 5.476785, 5.230883, 5.012098, 4.866767 ] }, { "date": "2024-03-22", "close": 5.955369, "volume": 9413403, "typical_volume": 9052330.5, "trend": 4.798414, "fair_value": 4.712952, "relative_strength": 2.065601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.926383, "energy": 95.551581, "activity_lines": [ 5.669753, 5.394718, 5.121708, 4.943876 ] }, { "date": "2024-03-29", "close": 6.080557, "volume": 4861781, "typical_volume": 8596951.1, "trend": 4.836379, "fair_value": 4.726205, "relative_strength": 4.143143, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.075971, "energy": 94.605369, "activity_lines": [ 5.845229, 5.557861, 5.233492, 5.026595 ] }, { "date": "2024-04-05", "close": 6.393527, "volume": 11461316, "typical_volume": 8648820.45, "trend": 4.891999, "fair_value": 4.741748, "relative_strength": 10.718596, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.495629, "energy": 95.406945, "activity_lines": [ 6.063728, 5.75109, 5.365533, 5.127056 ] }, { "date": "2024-04-12", "close": 6.169977, "volume": 9224815, "typical_volume": 8882123.4, "trend": 4.932667, "fair_value": 4.75529, "relative_strength": 8.770741, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.529893, "energy": 86.299312, "activity_lines": [ 6.144343, 5.877071, 5.466671, 5.209506 ] }, { "date": "2024-04-19", "close": 6.250455, "volume": 7965750, "typical_volume": 8793493.05, "trend": 4.976296, "fair_value": 4.769774, "relative_strength": 13.890729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.997204, "energy": 79.143657, "activity_lines": [ 6.215283, 5.993281, 5.566846, 5.294525 ] }, { "date": "2024-04-26", "close": 7.010524, "volume": 8888457, "typical_volume": 8603705.9, "trend": 5.048038, "fair_value": 4.789083, "relative_strength": 24.312479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.307018, "energy": 83.643803, "activity_lines": [ 6.495465, 6.218245, 5.731861, 5.425766 ] }, { "date": "2024-05-03", "close": 6.956872, "volume": 6505839, "typical_volume": 8385547.0, "trend": 5.123547, "fair_value": 4.807053, "relative_strength": 22.558907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.175654, "energy": 83.865078, "activity_lines": [ 6.68742, 6.398119, 5.88121, 5.548916 ] }, { "date": "2024-05-10", "close": 7.2609, "volume": 5320288, "typical_volume": 8202787.8, "trend": 5.211134, "fair_value": 4.827541, "relative_strength": 25.383545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.170854, "energy": 91.071451, "activity_lines": [ 6.922296, 6.600618, 6.049457, 5.68681 ] }, { "date": "2024-05-17", "close": 7.430798, "volume": 4520402, "typical_volume": 8158340.75, "trend": 5.309385, "fair_value": 4.847886, "relative_strength": 26.061558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.603788, "energy": 95.162615, "activity_lines": [ 7.155981, 6.800956, 6.222298, 5.830014 ] }, { "date": "2024-05-24", "close": 7.162538, "volume": 8503593, "typical_volume": 8264309.05, "trend": 5.42536, "fair_value": 4.865611, "relative_strength": 21.42653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.382579, "energy": 85.899351, "activity_lines": [ 7.21619, 6.919641, 6.357114, 5.949572 ] }, { "date": "2024-05-31", "close": 7.386088, "volume": 9240403, "typical_volume": 8298274.1, "trend": 5.541287, "fair_value": 4.884721, "relative_strength": 25.462957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.198001, "energy": 83.556942, "activity_lines": [ 7.290111, 7.050357, 6.502388, 6.076071 ] }, { "date": "2024-06-07", "close": 7.296668, "volume": 4854118, "typical_volume": 8100416.55, "trend": 5.648678, "fair_value": 4.903827, "relative_strength": 22.191898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.676784, "energy": 67.071416, "activity_lines": [ 7.309187, 7.138801, 6.62619, 6.189321 ] }, { "date": "2024-06-14", "close": 7.099944, "volume": 5363254, "typical_volume": 7899135.55, "trend": 5.739511, "fair_value": 4.922999, "relative_strength": 16.827627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.998831, "energy": 63.518843, "activity_lines": [ 7.240035, 7.169366, 6.718442, 6.282951 ] }, { "date": "2024-06-21", "close": 7.403972, "volume": 36733768, "typical_volume": 9257411.55, "trend": 5.841035, "fair_value": 4.943029, "relative_strength": 20.523258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.066378, "energy": 65.760549, "activity_lines": [ 7.282957, 7.242366, 6.829317, 6.390336 ] }, { "date": "2024-06-28", "close": 7.180422, "volume": 18592254, "typical_volume": 9791125.15, "trend": 5.924867, "fair_value": 4.96248, "relative_strength": 16.589635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.529054, "energy": 58.190594, "activity_lines": [ 7.25315, 7.252283, 6.906635, 6.476748 ] }, { "date": "2024-07-05", "close": 7.61858, "volume": 12215998, "typical_volume": 9763122.05, "trend": 6.019033, "fair_value": 4.984644, "relative_strength": 20.874774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.144705, "energy": 65.396806, "activity_lines": [ 7.368204, 7.324957, 7.013543, 6.58602 ] }, { "date": "2024-07-12", "close": 7.61858, "volume": 15364663, "typical_volume": 10097944.15, "trend": 6.111489, "fair_value": 5.007567, "relative_strength": 19.340028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.400427, "energy": 65.724894, "activity_lines": [ 7.467758, 7.386576, 7.1083, 6.689216 ] }, { "date": "2024-07-19", "close": 7.833188, "volume": 10139570, "typical_volume": 10248866.7, "trend": 6.211669, "fair_value": 5.031865, "relative_strength": 24.659227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.773897, "energy": 68.340818, "activity_lines": [ 7.617388, 7.475183, 7.211795, 6.800294 ] }, { "date": "2024-07-26", "close": 8.521722, "volume": 10972792, "typical_volume": 10387489.25, "trend": 6.335369, "fair_value": 5.060008, "relative_strength": 35.792543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.072955, "energy": 94.49439, "activity_lines": [ 7.947646, 7.678573, 7.369482, 6.949329 ] }, { "date": "2024-08-02", "close": 7.52916, "volume": 18889408, "typical_volume": 10951593.6, "trend": 6.423421, "fair_value": 5.079894, "relative_strength": 22.000157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.623402, "energy": 61.700825, "activity_lines": [ 7.872533, 7.681662, 7.418833, 7.026348 ] }, { "date": "2024-08-09", "close": 7.872798, "volume": 15030739, "typical_volume": 11232460.4, "trend": 6.530333, "fair_value": 5.101114, "relative_strength": 26.847927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.500516, "energy": 57.372278, "activity_lines": [ 7.888717, 7.740565, 7.491671, 7.119856 ] }, { "date": "2024-08-16", "close": 8.336974, "volume": 7945145, "typical_volume": 11386628.6, "trend": 6.654711, "fair_value": 5.126655, "relative_strength": 28.364561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.92417, "energy": 62.688829, "activity_lines": [ 8.042678, 7.875014, 7.599587, 7.236414 ] }, { "date": "2024-08-23", "close": 8.437091, "volume": 10844937, "typical_volume": 11355809.65, "trend": 6.771603, "fair_value": 5.151829, "relative_strength": 27.278575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.968975, "energy": 60.996673, "activity_lines": [ 8.182119, 8.008751, 7.706292, 7.351406 ] }, { "date": "2024-08-30", "close": 8.391583, "volume": 10836689, "typical_volume": 11436403.35, "trend": 6.890396, "fair_value": 5.177095, "relative_strength": 25.470364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.320579, "energy": 60.157314, "activity_lines": [ 8.26613, 8.109903, 7.798932, 7.455921 ] }, { "date": "2024-09-06", "close": 7.891001, "volume": 9934308, "typical_volume": 11534831.25, "trend": 6.999054, "fair_value": 5.200209, "relative_strength": 22.31456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.59031, "energy": 51.591684, "activity_lines": [ 8.191957, 8.102083, 7.833319, 7.520476 ] }, { "date": "2024-09-13", "close": 8.136741, "volume": 12519125, "typical_volume": 11716364.65, "trend": 7.101377, "fair_value": 5.224322, "relative_strength": 20.643831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.119313, "energy": 45.316566, "activity_lines": [ 8.175574, 8.126024, 7.883297, 7.593875 ] }, { "date": "2024-09-20", "close": 8.264162, "volume": 10220287, "typical_volume": 11902087.05, "trend": 7.204814, "fair_value": 5.248579, "relative_strength": 20.258016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.405919, "energy": 41.947321, "activity_lines": [ 8.184069, 8.163711, 7.940047, 7.668894 ] }, { "date": "2024-09-27", "close": 8.500801, "volume": 10738755, "typical_volume": 12173010.4, "trend": 7.30674, "fair_value": 5.273729, "relative_strength": 22.351504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.772356, "energy": 43.267533, "activity_lines": [ 8.276297, 8.232685, 8.01311, 7.752506 ] }, { "date": "2024-10-04", "close": 8.382482, "volume": 17598222, "typical_volume": 12826901.4, "trend": 7.398741, "fair_value": 5.297832, "relative_strength": 19.656966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.207798, "energy": 42.17771, "activity_lines": [ 8.324839, 8.268009, 8.069, 7.821909 ] }, { "date": "2024-10-11", "close": 8.519004, "volume": 12965433, "typical_volume": 13049993.4, "trend": 7.496416, "fair_value": 5.32137, "relative_strength": 19.503806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.496116, "energy": 45.807871, "activity_lines": [ 8.419494, 8.330686, 8.133359, 7.894184 ] }, { "date": "2024-10-18", "close": 8.664628, "volume": 9528819, "typical_volume": 13064414.2, "trend": 7.586725, "fair_value": 5.346081, "relative_strength": 19.74982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.00963, "energy": 51.755198, "activity_lines": [ 8.520824, 8.401843, 8.205129, 7.969552 ] }, { "date": "2024-10-25", "close": 8.637324, "volume": 10866644, "typical_volume": 13365040.5, "trend": 7.67195, "fair_value": 5.372395, "relative_strength": 19.435452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.127995, "energy": 50.973262, "activity_lines": [ 8.577861, 8.453639, 8.26821, 8.037333 ] }, { "date": "2024-11-01", "close": 8.883064, "volume": 15362757, "typical_volume": 13865015.65, "trend": 7.754935, "fair_value": 5.401244, "relative_strength": 23.330788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.505791, "energy": 71.015069, "activity_lines": [ 8.691933, 8.544654, 8.34831, 8.115469 ] }, { "date": "2024-11-08", "close": 9.083297, "volume": 14835806, "typical_volume": 12770117.55, "trend": 7.852045, "fair_value": 5.431232, "relative_strength": 19.329804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.937912, "energy": 79.82395, "activity_lines": [ 8.847265, 8.663966, 8.43899, 8.20117 ] }, { "date": "2024-11-15", "close": 9.174312, "volume": 8335923, "typical_volume": 12257301.0, "trend": 7.949507, "fair_value": 5.46166, "relative_strength": 22.010946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.769834, "energy": 83.566536, "activity_lines": [ 8.986214, 8.78725, 8.53034, 8.286477 ] }, { "date": "2024-11-22", "close": 9.010485, "volume": 10925582, "typical_volume": 12192780.2, "trend": 8.016173, "fair_value": 5.492478, "relative_strength": 16.917387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.460359, "energy": 76.057786, "activity_lines": [ 9.026868, 8.857414, 8.596594, 8.354928 ] }, { "date": "2024-11-29", "close": 9.410951, "volume": 6350844, "typical_volume": 11742089.25, "trend": 8.097975, "fair_value": 5.525527, "relative_strength": 19.740623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.628969, "energy": 81.361426, "activity_lines": [ 9.177953, 8.984504, 8.694359, 8.444913 ] }, { "date": "2024-12-06", "close": 9.674895, "volume": 8969837, "typical_volume": 11683602.6, "trend": 8.178442, "fair_value": 5.559932, "relative_strength": 21.076818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.12714, "energy": 86.28751, "activity_lines": [ 9.365444, 9.138734, 8.808726, 8.54665 ] }, { "date": "2024-12-13", "close": 9.438256, "volume": 9028540, "typical_volume": 11586390.0, "trend": 8.245357, "fair_value": 5.592628, "relative_strength": 17.922144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.410261, "energy": 71.887357, "activity_lines": [ 9.421266, 9.22859, 8.891786, 8.627928 ] }, { "date": "2024-12-20", "close": 9.147008, "volume": 9025954, "typical_volume": 11093217.3, "trend": 8.311506, "fair_value": 5.622065, "relative_strength": 15.559896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.781654, "energy": 57.274632, "activity_lines": [ 9.356342, 9.246297, 8.942744, 8.686099 ] }, { "date": "2024-12-27", "close": 9.247124, "volume": 5492290, "typical_volume": 10616294.85, "trend": 8.373541, "fair_value": 5.651999, "relative_strength": 15.191631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.573132, "energy": 51.296562, "activity_lines": [ 9.326611, 9.270788, 8.995533, 8.746462 ] }, { "date": "2025-01-03", "close": 9.274429, "volume": 8323391, "typical_volume": 10635207.15, "trend": 8.439466, "fair_value": 5.679323, "relative_strength": 15.292793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.415879, "energy": 43.034306, "activity_lines": [ 9.290205, 9.289653, 9.044377, 8.804584 ] }, { "date": "2025-01-10", "close": 8.409786, "volume": 12790776, "typical_volume": 10732499.1, "trend": 8.483127, "fair_value": 5.700191, "relative_strength": 5.922399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.39371, "energy": 15.939972, "activity_lines": [ 8.974686, 9.139727, 9.006411, 8.802669 ] }, { "date": "2025-01-17", "close": 9.292632, "volume": 18051782, "typical_volume": 11093253.75, "trend": 8.546083, "fair_value": 5.728736, "relative_strength": 12.762248, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.328369, "energy": 21.444081, "activity_lines": [ 9.03779, 9.158922, 9.052656, 8.854895 ] }, { "date": "2025-01-24", "close": 9.620286, "volume": 12349129, "typical_volume": 11213994.8, "trend": 8.627411, "fair_value": 5.758805, "relative_strength": 13.857442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.079798, "energy": 27.367013, "activity_lines": [ 9.21982, 9.233886, 9.125814, 8.924198 ] }, { "date": "2025-01-31", "close": 9.811417, "volume": 14301266, "typical_volume": 11303101.85, "trend": 8.700506, "fair_value": 5.789139, "relative_strength": 16.274518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.883757, "energy": 40.71435, "activity_lines": [ 9.434008, 9.335492, 9.208941, 9.000586 ] }, { "date": "2025-02-07", "close": 10.139071, "volume": 13347775, "typical_volume": 11459476.25, "trend": 8.784522, "fair_value": 5.822053, "relative_strength": 19.139038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.20372, "energy": 73.747522, "activity_lines": [ 9.719795, 9.482108, 9.315299, 9.093396 ] }, { "date": "2025-02-14", "close": 9.866026, "volume": 12725828, "typical_volume": 11558829.9, "trend": 8.852284, "fair_value": 5.85461, "relative_strength": 13.323773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.636752, "energy": 72.2401, "activity_lines": [ 9.856925, 9.565842, 9.386724, 9.163171 ] }, { "date": "2025-02-21", "close": 10.384812, "volume": 13501814, "typical_volume": 11354009.5, "trend": 8.914387, "fair_value": 5.89054, "relative_strength": 20.088352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.003374, "energy": 80.43425, "activity_lines": [ 10.0699, 9.740426, 9.501056, 9.262044 ] }, { "date": "2025-02-28", "close": 11.131135, "volume": 96946692, "typical_volume": 15553072.45, "trend": 9.034452, "fair_value": 5.935913, "relative_strength": 28.596667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.534798, "energy": 88.681085, "activity_lines": [ 10.458837, 10.033494, 9.676932, 9.40506 ] }, { "date": "2025-03-07", "close": 11.067424, "volume": 34346625, "typical_volume": 16793962.75, "trend": 9.14094, "fair_value": 5.981021, "relative_strength": 30.520854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.772665, "energy": 86.173417, "activity_lines": [ 10.725815, 10.278903, 9.834301, 9.536219 ] }, { "date": "2025-03-14", "close": 11.076479, "volume": 41696605, "typical_volume": 18335460.8, "trend": 9.232257, "fair_value": 6.023763, "relative_strength": 32.183448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.231022, "energy": 83.186775, "activity_lines": [ 10.912076, 10.492863, 9.981091, 9.661093 ] }, { "date": "2025-03-21", "close": 11.28334, "volume": 24349214, "typical_volume": 18784783.65, "trend": 9.327132, "fair_value": 6.066736, "relative_strength": 32.530307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.77109, "energy": 82.786076, "activity_lines": [ 11.104798, 10.711669, 10.135967, 9.793421 ] }, { "date": "2025-03-28", "close": 11.245729, "volume": 18188053, "typical_volume": 18952396.0, "trend": 9.42227, "fair_value": 6.110065, "relative_strength": 32.635828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.594202, "energy": 68.418663, "activity_lines": [ 11.190495, 10.87139, 10.27583, 9.917201 ] }, { "date": "2025-04-04", "close": 10.079784, "volume": 21961365, "typical_volume": 19633668.1, "trend": 9.495229, "fair_value": 6.146567, "relative_strength": 29.520173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.866639, "energy": 45.382552, "activity_lines": [ 10.830149, 10.783611, 10.294355, 9.959621 ] }, { "date": "2025-04-11", "close": 10.916632, "volume": 36229405, "typical_volume": 20898859.25, "trend": 9.587893, "fair_value": 6.187985, "relative_strength": 31.396265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.033968, "energy": 37.681842, "activity_lines": [ 10.818843, 10.839631, 10.388267, 10.051325 ] }, { "date": "2025-04-18", "close": 11.537215, "volume": 23210019, "typical_volume": 21741818.0, "trend": 9.696994, "fair_value": 6.233332, "relative_strength": 39.280012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.184174, "energy": 45.831685, "activity_lines": [ 11.02445, 10.988389, 10.532205, 10.177087 ] }, { "date": "2025-04-25", "close": 12.09198, "volume": 23708977, "typical_volume": 22478775.0, "trend": 9.8167, "fair_value": 6.283877, "relative_strength": 38.204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.21162, "energy": 53.164464, "activity_lines": [ 11.384264, 11.212593, 10.718854, 10.331603 ] }, { "date": "2025-05-02", "close": 12.223619, "volume": 19593518, "typical_volume": 23007023.9, "trend": 9.944738, "fair_value": 6.336061, "relative_strength": 34.46741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.031676, "energy": 76.707588, "activity_lines": [ 11.734047, 11.42026, 10.906529, 10.486888 ] }, { "date": "2025-05-09", "close": 12.449285, "volume": 28250452, "typical_volume": 23968248.8, "trend": 10.075748, "fair_value": 6.389941, "relative_strength": 36.239793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.270383, "energy": 85.055289, "activity_lines": [ 12.09386, 11.635524, 11.102433, 10.648471 ] }, { "date": "2025-05-16", "close": 12.797188, "volume": 36240865, "typical_volume": 25505677.55, "trend": 10.2135, "fair_value": 6.445504, "relative_strength": 31.862422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.860185, "energy": 88.338408, "activity_lines": [ 12.411674, 11.890076, 11.315745, 10.824048 ] }, { "date": "2025-05-23", "close": 13.445981, "volume": 24422038, "typical_volume": 26310609.9, "trend": 10.373788, "fair_value": 6.502639, "relative_strength": 40.582265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.187534, "energy": 92.623342, "activity_lines": [ 12.820382, 12.231141, 11.573942, 11.032595 ] }, { "date": "2025-05-30", "close": 13.445981, "volume": 19847392, "typical_volume": 26663440.7, "trend": 10.525885, "fair_value": 6.560122, "relative_strength": 36.756038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.297305, "energy": 91.186043, "activity_lines": [ 13.101839, 12.529124, 11.812274, 11.230801 ] }, { "date": "2025-06-06", "close": 13.568217, "volume": 21931605, "typical_volume": 26857431.85, "trend": 10.675383, "fair_value": 6.619682, "relative_strength": 34.388879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.396358, "energy": 89.975493, "activity_lines": [ 13.333774, 12.810011, 12.038266, 11.427081 ] }, { "date": "2025-06-13", "close": 13.163897, "volume": 21696165, "typical_volume": 27324783.65, "trend": 10.808369, "fair_value": 6.677247, "relative_strength": 29.550073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.728724, "energy": 84.375177, "activity_lines": [ 13.341296, 12.975158, 12.205391, 11.58763 ] }, { "date": "2025-06-20", "close": 12.872411, "volume": 17933312, "typical_volume": 27506385.95, "trend": 10.9371, "fair_value": 6.732049, "relative_strength": 25.76684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.039502, "energy": 63.743842, "activity_lines": [ 13.204016, 13.031232, 12.327882, 11.720794 ] }, { "date": "2025-06-27", "close": 13.210911, "volume": 23863491, "typical_volume": 28032171.75, "trend": 11.063765, "fair_value": 6.789667, "relative_strength": 23.621958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.30845, "energy": 56.781339, "activity_lines": [ 13.174554, 13.113293, 12.468034, 11.867492 ] }, { "date": "2025-07-04", "close": 12.637341, "volume": 25823883, "typical_volume": 28687074.5, "trend": 11.162513, "fair_value": 6.844056, "relative_strength": 15.477098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.46042, "energy": 41.550407, "activity_lines": [ 12.969573, 13.060637, 12.538933, 11.969013 ] }, { "date": "2025-07-11", "close": 12.477494, "volume": 21388797, "typical_volume": 29081423.65, "trend": 11.263821, "fair_value": 6.897868, "relative_strength": 13.552994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.811554, "energy": 31.634486, "activity_lines": [ 12.765219, 12.969003, 12.581412, 12.05385 ] }, { "date": "2025-07-18", "close": 12.533911, "volume": 16639636, "typical_volume": 25066070.85, "trend": 11.376718, "fair_value": 6.950897, "relative_strength": 12.667137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.355599, "energy": 25.173027, "activity_lines": [ 12.652386, 12.88301, 12.619299, 12.135791 ] }, { "date": "2025-07-25", "close": 13.295536, "volume": 20552657, "typical_volume": 24376372.45, "trend": 11.511665, "fair_value": 7.005177, "relative_strength": 17.089579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.755593, "energy": 31.38784, "activity_lines": [ 12.835427, 12.933956, 12.723041, 12.259586 ] }, { "date": "2025-08-01", "close": 12.919425, "volume": 19534139, "typical_volume": 23268249.15, "trend": 11.633165, "fair_value": 7.056946, "relative_strength": 15.782862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.415175, "energy": 28.109767, "activity_lines": [ 12.864889, 12.907458, 12.780353, 12.350409 ] }, { "date": "2025-08-08", "close": 13.56355, "volume": 15775701, "typical_volume": 22839573.5, "trend": 11.804957, "fair_value": 7.111649, "relative_strength": 17.806809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.948477, "energy": 48.042142, "activity_lines": [ 13.128492, 13.007646, 12.890235, 12.47495 ] }, { "date": "2025-08-15", "close": 14.195303, "volume": 16219247, "typical_volume": 22741133.2, "trend": 11.968379, "fair_value": 7.171398, "relative_strength": 21.212734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.293029, "energy": 69.354971, "activity_lines": [ 13.540932, 13.220562, 13.049425, 12.629166 ] }, { "date": "2025-08-22", "close": 14.70262, "volume": 13695450, "typical_volume": 22327837.45, "trend": 12.13779, "fair_value": 7.235682, "relative_strength": 24.1852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.272677, "energy": 89.734073, "activity_lines": [ 14.007957, 13.514315, 13.242886, 12.805569 ] }, { "date": "2025-08-29", "close": 13.362538, "volume": 19992988, "typical_volume": 21516016.6, "trend": 12.256161, "fair_value": 7.292298, "relative_strength": 12.247747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.922178, "energy": 70.30564, "activity_lines": [ 13.883707, 13.53644, 13.286706, 12.884585 ] }, { "date": "2025-09-05", "close": 13.171097, "volume": 17551232, "typical_volume": 21233077.25, "trend": 12.357229, "fair_value": 7.345576, "relative_strength": 9.629523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.266535, "energy": 46.877922, "activity_lines": [ 13.691177, 13.514846, 13.300647, 12.943613 ] }, { "date": "2025-09-12", "close": 13.841139, "volume": 17442202, "typical_volume": 20919738.5, "trend": 12.489732, "fair_value": 7.402397, "relative_strength": 12.677716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.988115, "energy": 41.571083, "activity_lines": [ 13.705216, 13.615802, 13.37062, 13.039349 ] }, { "date": "2025-09-19", "close": 13.295534, "volume": 13829945, "typical_volume": 20631559.85, "trend": 12.586757, "fair_value": 7.460693, "relative_strength": 6.335443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.116036, "energy": 19.414558, "activity_lines": [ 13.518881, 13.59567, 13.380303, 13.091336 ] }, { "date": "2025-09-26", "close": 13.41997, "volume": 13507261, "typical_volume": 19894400.3, "trend": 12.663051, "fair_value": 7.521647, "relative_strength": 7.064835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.025891, "energy": 17.828265, "activity_lines": [ 13.434009, 13.583289, 13.396731, 13.145092 ] }, { "date": "2025-10-03", "close": 14.252735, "volume": 14537399, "typical_volume": 18809227.0, "trend": 12.769228, "fair_value": 7.587386, "relative_strength": 11.716663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.073324, "energy": 36.037732, "activity_lines": [ 13.712235, 13.706209, 13.487849, 13.247652 ] }, { "date": "2025-10-10", "close": 13.774135, "volume": 15269056, "typical_volume": 18351577.9, "trend": 12.85915, "fair_value": 7.650007, "relative_strength": 9.952516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.405151, "energy": 29.371109, "activity_lines": [ 13.771582, 13.724708, 13.526454, 13.312485 ] }, { "date": "2025-10-17", "close": 13.783707, "volume": 13168517, "typical_volume": 18017634.15, "trend": 12.942495, "fair_value": 7.711433, "relative_strength": 7.526671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.720349, "energy": 31.349193, "activity_lines": [ 13.793917, 13.729407, 13.564408, 13.372134 ] }, { "date": "2025-10-24", "close": 14.683476, "volume": 15931524, "typical_volume": 17717630.1, "trend": 13.057087, "fair_value": 7.779229, "relative_strength": 11.638123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.726634, "energy": 56.657424, "activity_lines": [ 14.120004, 13.893698, 13.686447, 13.484455 ] }, { "date": "2025-10-31", "close": 14.807913, "volume": 15807809, "typical_volume": 17423212.3, "trend": 13.214691, "fair_value": 7.846618, "relative_strength": 11.133686, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.702874, "energy": 64.823052, "activity_lines": [ 14.39504, 14.071737, 13.815025, 13.597412 ] }, { "date": "2025-11-07", "close": 15.238653, "volume": 15933533, "typical_volume": 17323223.35, "trend": 13.358759, "fair_value": 7.914306, "relative_strength": 15.422371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.601104, "energy": 76.404187, "activity_lines": [ 14.721126, 14.326179, 13.976798, 13.72799 ] }, { "date": "2025-11-14", "close": 15.181221, "volume": 12376949, "typical_volume": 16748896.25, "trend": 13.480226, "fair_value": 7.98052, "relative_strength": 14.071516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.381702, "energy": 79.650278, "activity_lines": [ 14.962341, 14.536067, 14.121834, 13.845568 ] }, { "date": "2025-11-21", "close": 14.578184, "volume": 12914284, "typical_volume": 16103416.3, "trend": 13.563099, "fair_value": 8.042517, "relative_strength": 10.9512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.992786, "energy": 67.428033, "activity_lines": [ 14.908738, 14.599765, 14.200054, 13.916404 ] }, { "date": "2025-11-28", "close": 16.013987, "volume": 9397278, "typical_volume": 15503840.35, "trend": 13.689445, "fair_value": 8.112612, "relative_strength": 16.676112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.056271, "energy": 81.017731, "activity_lines": [ 15.28077, 14.911116, 14.405776, 14.074526 ] }, { "date": "2025-12-05", "close": 15.803402, "volume": 11256498, "typical_volume": 15234683.45, "trend": 13.801249, "fair_value": 8.181358, "relative_strength": 13.998373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.898396, "energy": 75.161303, "activity_lines": [ 15.493907, 15.134753, 14.574602, 14.21091 ] }, { "date": "2025-12-12", "close": 15.79383, "volume": 8278898, "typical_volume": 14620995.5, "trend": 13.901137, "fair_value": 8.250795, "relative_strength": 13.789845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.417945, "energy": 70.183877, "activity_lines": [ 15.637487, 15.313315, 14.726947, 14.339464 ] }, { "date": "2025-12-19", "close": 16.569164, "volume": 9458287, "typical_volume": 14117202.9, "trend": 14.005243, "fair_value": 8.32445, "relative_strength": 18.263866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.790312, "energy": 88.67103, "activity_lines": [ 16.0025, 15.604826, 14.941237, 14.511595 ] }, { "date": "2025-12-26", "close": 16.952045, "volume": 5281761, "typical_volume": 13592505.9, "trend": 14.122112, "fair_value": 8.400659, "relative_strength": 18.316576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.89157, "energy": 90.619641, "activity_lines": [ 16.402611, 15.915134, 15.174612, 14.701711 ] }, { "date": "2026-01-02", "close": 17.057337, "volume": 5980088, "typical_volume": 13080547.95, "trend": 14.238416, "fair_value": 8.475734, "relative_strength": 19.288055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.830231, "energy": 91.328715, "activity_lines": [ 16.679561, 16.186979, 15.401879, 14.89108 ] }, { "date": "2026-01-09", "close": 16.521304, "volume": 13960266, "typical_volume": 13093788.75, "trend": 14.350329, "fair_value": 8.54471, "relative_strength": 12.777165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.265799, "energy": 82.86135, "activity_lines": [ 16.708277, 16.318203, 15.564467, 15.038363 ] }, { "date": "2026-01-16", "close": 16.770176, "volume": 12025107, "typical_volume": 12695394.7, "trend": 14.480255, "fair_value": 8.614779, "relative_strength": 13.990649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.161796, "energy": 66.41446, "activity_lines": [ 16.772091, 16.463524, 15.742096, 15.194483 ] }, { "date": "2026-01-23", "close": 16.923329, "volume": 8975899, "typical_volume": 12266628.05, "trend": 14.604002, "fair_value": 8.684373, "relative_strength": 14.552235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.000228, "energy": 62.56755, "activity_lines": [ 16.821865, 16.608844, 15.918084, 15.3521 ] }, { "date": "2026-01-30", "close": 17.44979, "volume": 18332120, "typical_volume": 12311123.95, "trend": 14.764417, "fair_value": 8.758597, "relative_strength": 16.734437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.094481, "energy": 63.926127, "activity_lines": [ 17.023516, 16.818211, 16.126344, 15.5357 ] }, { "date": "2026-02-06", "close": 17.334925, "volume": 20477289, "typical_volume": 12643491.15, "trend": 14.926331, "fair_value": 8.832186, "relative_strength": 15.368407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.84006, "energy": 58.80088, "activity_lines": [ 17.153695, 16.954481, 16.30648, 15.701539 ] }, { "date": "2026-02-13", "close": 15.382234, "volume": 26407472, "typical_volume": 13288501.7, "trend": 15.021275, "fair_value": 8.895569, "relative_strength": 3.140217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.328406, "energy": 30.860003, "activity_lines": [ 16.614472, 16.7117, 16.281411, 15.730952 ] }, { "date": "2026-02-20", "close": 16.128851, "volume": 17766021, "typical_volume": 13449932.8, "trend": 15.115719, "fair_value": 8.964592, "relative_strength": 6.391555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.054766, "energy": 24.834547, "activity_lines": [ 16.400058, 16.612325, 16.318104, 15.802408 ] }, { "date": "2026-02-27", "close": 15.889551, "volume": 18358185, "typical_volume": 13604389.25, "trend": 15.214723, "fair_value": 9.030272, "relative_strength": 4.952225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.11141, "energy": 23.094249, "activity_lines": [ 16.148633, 16.46335, 16.323072, 15.852333 ] }, { "date": "2026-03-06", "close": 14.855773, "volume": 21612011, "typical_volume": 14026563.95, "trend": 15.257797, "fair_value": 9.091335, "relative_strength": -0.120647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.676299, "energy": 24.81316, "activity_lines": [ 15.621534, 16.138771, 16.219512, 15.829175 ] }, { "date": "2026-03-13", "close": 14.329312, "volume": 22336636, "typical_volume": 14346819.55, "trend": 15.262264, "fair_value": 9.150729, "relative_strength": -2.338893, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.893113, "energy": 37.363252, "activity_lines": [ 15.091883, 15.756587, 16.060708, 15.769273 ] }, { "date": "2026-03-20", "close": 13.89, "volume": 26732578, "typical_volume": 14893058.0, "trend": 15.235177, "fair_value": 9.206211, "relative_strength": -3.695899, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.698871, "energy": 56.695265, "activity_lines": [ 14.616168, 15.344128, 15.86175, 15.680739 ] }, { "date": "2026-03-27", "close": 14.27, "volume": 25693898, "typical_volume": 15381076.25, "trend": 15.265426, "fair_value": 9.263241, "relative_strength": 1.020434, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.834743, "energy": 58.319782, "activity_lines": [ 14.366602, 15.048602, 15.703355, 15.61847 ] }, { "date": "2026-04-03", "close": 15.29, "volume": 17703498, "typical_volume": 15647403.7, "trend": 15.336056, "fair_value": 9.326184, "relative_strength": 4.3706, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.675765, "energy": 44.239902, "activity_lines": [ 14.58096, 14.983988, 15.646715, 15.620055 ] }, { "date": "2026-04-10", "close": 16.55, "volume": 16355445, "typical_volume": 15819461.75, "trend": 15.426351, "fair_value": 9.396108, "relative_strength": 8.698418, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.208481, "energy": 13.191967, "activity_lines": [ 15.255287, 15.178162, 15.709557, 15.698374 ] }, { "date": "2026-04-17", "close": 16.9, "volume": 13963311, "typical_volume": 16047763.4, "trend": 15.5465, "fair_value": 9.468798, "relative_strength": 6.053446, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.727975, "energy": 22.248097, "activity_lines": [ 15.933333, 15.452332, 15.796342, 15.793448 ] }, { "date": "2026-04-24", "close": 15.76, "volume": 18900665, "typical_volume": 16429971.75, "trend": 15.624501, "fair_value": 9.535223, "relative_strength": -1.615297, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.370666, "energy": 19.084207, "activity_lines": [ 16.06, 15.527137, 15.770338, 15.807223 ] }, { "date": "2026-05-01", "close": 15.38, "volume": 17847538, "typical_volume": 16908403.75, "trend": 15.662077, "fair_value": 9.599213, "relative_strength": -4.842908, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.578782, "energy": 15.530631, "activity_lines": [ 15.935333, 15.525982, 15.708349, 15.791448 ] }, { "date": "2026-05-08", "close": 15.83, "volume": 19980632, "typical_volume": 17434521.0, "trend": 15.730605, "fair_value": 9.666661, "relative_strength": -4.242048, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.778079, "energy": 10.55681, "activity_lines": [ 15.886667, 15.620262, 15.691188, 15.802282 ] }, { "date": "2026-05-15", "close": 14.98, "volume": 19433379, "typical_volume": 18142101.9, "trend": 15.770482, "fair_value": 9.727617, "relative_strength": -9.455907, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.067957, "energy": 23.400177, "activity_lines": [ 15.518667, 15.561078, 15.596595, 15.753856 ] }, { "date": "2026-05-22", "close": 15.66, "volume": 18996439, "typical_volume": 18792919.45, "trend": 15.803033, "fair_value": 9.793192, "relative_strength": -5.96651, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.497913, "energy": 18.469006, "activity_lines": [ 15.482, 15.623273, 15.576154, 15.746728 ] }, { "date": "2026-05-29", "close": 16.04, "volume": 13794040, "typical_volume": 18784608.15, "trend": 15.844102, "fair_value": 9.861204, "relative_strength": -4.911644, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.744656, "energy": 10.782419, "activity_lines": [ 15.654667, 15.730364, 15.598557, 15.762016 ] }, { "date": "2026-06-05", "close": 15.79, "volume": 16841380, "typical_volume": 19025421.8, "trend": 15.862481, "fair_value": 9.92803, "relative_strength": -3.867061, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.786384, "energy": 11.587856, "activity_lines": [ 15.725333, 15.752909, 15.599443, 15.758526 ] }, { "date": "2026-06-12", "close": 16.58, "volume": 24439272, "typical_volume": 19798590.45, "trend": 15.909106, "fair_value": 9.999921, "relative_strength": 0.366771, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.273833, "energy": 23.747688, "activity_lines": [ 16.032, 15.891455, 15.680235, 15.804817 ] }, { "date": "2026-06-19", "close": 16.77, "volume": 29444673, "typical_volume": 20354218.1, "trend": 15.982167, "fair_value": 10.077204, "relative_strength": 0.533875, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.136836, "energy": 38.736954, "activity_lines": [ 16.352, 16.041091, 15.780757, 15.860359 ] }, { "date": "2026-06-26", "close": 17.22, "volume": 44618307, "typical_volume": 21561269.0, "trend": 16.022367, "fair_value": 10.15565, "relative_strength": 5.572445, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.465075, "energy": 51.113857, "activity_lines": [ 16.702667, 16.268545, 15.927373, 15.940219 ] }, { "date": "2026-07-03", "close": 17.99, "volume": 15101863, "typical_volume": 20995988.55, "trend": 16.095254, "fair_value": 10.239711, "relative_strength": 7.610545, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.301895, "energy": 69.106146, "activity_lines": [ 17.206, 16.630182, 16.147869, 16.067163 ] }, { "date": "2026-07-10", "close": 17.76, "volume": 14399262, "typical_volume": 20827650.6, "trend": 16.160793, "fair_value": 10.320261, "relative_strength": 4.508599, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.143934, "energy": 79.16681, "activity_lines": [ 17.502667, 16.909455, 16.334043, 16.174566 ] }, { "date": "2026-07-17", "close": 17.92, "volume": 21850047, "typical_volume": 21002243.7, "trend": 16.205821, "fair_value": 10.401159, "relative_strength": 6.747146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.195199, "energy": 80.11149, "activity_lines": [ 17.721333, 17.174545, 16.527688, 16.288063 ] }, { "date": "2026-07-24", "close": 17.97, "volume": 16141914, "typical_volume": 20728738.85, "trend": 16.239753, "fair_value": 10.483264, "relative_strength": 7.382235, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.183321, "energy": 80.470275, "activity_lines": [ 17.867333, 17.410727, 16.716425, 16.401881 ] }, { "date": "2026-07-31", "close": 18.94, "volume": 27005885, "typical_volume": 20962201.3, "trend": 16.302508, "fair_value": 10.572736, "relative_strength": 11.539986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.245386, "energy": 83.363027, "activity_lines": [ 18.256667, 17.768909, 16.982714, 16.576091 ] }, { "date": "2026-08-07", "close": 19.19, "volume": 23164757, "typical_volume": 20783810.25, "trend": 16.391465, "fair_value": 10.663484, "relative_strength": 8.875245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.827593, "energy": 87.710788, "activity_lines": [ 18.614667, 18.112909, 17.250857, 16.762381 ] } ], "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." } } }