{ "ticker": { "uuid": "7e66a40c-8487-4ead-966b-3c2158a0abff", "symbol": "TAFI", "name": "AB ACTIVE ETFS INC TAX AWARE SHORT DURATION MUNICIPAL ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 77.806, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -43.103, "architecture_energy": 25.326, "architecture_maturity": 6.263, "architecture_confidence": 81.839, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 51.68, "rotation_up": 13.92, "upward_expansion": 3.6, "deceleration": 50.17, "rotation_down": 53.59, "downward_expansion": 72.27 }, "activity_lines": [ 25.043822, 25.070389, 25.071208, 25.071886 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 25.08, "trend_reference": 25.074471, "distance_from_trend": 0.000221, "trend_direction": "Improving", "fair_value": 24.038599, "distance_from_fair_value": 0.043322, "fair_value_direction": "Weakening", "relative_strength": -10.514556, "relative_strength_direction": "Weakening", "price_momentum": -0.000531, "excess_performance": -0.126156, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.000221, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003278, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.043322, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.008004, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.105146, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00336, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.000531, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.467903, "read": "Demand-led" } ], "volume": { "latest": 2123602, "relative_activity": 0.949698, "balance": 1.467903, "dry_up": 0.766287, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.004809, "annualized_volatility": 0.017121, "from_high_reference": -0.017331, "from_low_reference": 0.023449 }, "levels": { "trend_reference": 25.074471, "fair_value_reference": 24.038599, "structural_low": 24.907116, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.007676, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.02726, "regime_survival": 0.333333, "best_return": 0.008339, "worst_return": 0.004855, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.008386, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.050762, "regime_survival": 0.0, "best_return": 0.01969, "worst_return": -0.002919, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.022472, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.05825, "regime_survival": 0.0, "best_return": 0.022472, "worst_return": 0.022472, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.045974, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.163688, "regime_survival": 0.0, "best_return": 0.045974, "worst_return": 0.045974, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-04-12", "tenure": "New", "return": -0.003995, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-06-14", "tenure": "Developing", "return": 0.007777, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-11-01", "tenure": "Established", "return": 0.015853, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": 0.003982, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.004866, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.006007, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.010515, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": 0.011166, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2026-03-20", "tenure": "Extended", "return": 0.032555, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-07-31", "tenure": "Established", "return": 0.001924, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.675048, "volume": 253788, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 22.624872, "volume": 199474, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 22.651329, "volume": 947332, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 22.669626, "volume": 277274, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 22.651329, "volume": 346296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 22.596439, "volume": 154440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 22.504955, "volume": 315882, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 22.462495, "volume": 742959, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 22.554216, "volume": 813554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 22.462495, "volume": 440117, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 22.462954, "volume": 441439, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 22.635562, "volume": 809000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 22.718341, "volume": 1791150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 22.828714, "volume": 1105861, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 22.861182, "volume": 441017, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 23.052862, "volume": 1408744, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 23.071304, "volume": 1040414, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 23.218843, "volume": 914351, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 23.246506, "volume": 737854, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 23.278503, "volume": 550842, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 23.278503, "volume": 845714, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 23.287752, "volume": 1065069, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 23.223012, "volume": 900171, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 23.195267, "volume": 964888, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 23.258462, "volume": 1047892, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 23.263097, "volume": 1032149, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 23.258462, "volume": 614202, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 23.286272, "volume": 825507, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 23.30852, "volume": 462340, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 23.354989, "volume": 816635, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 23.299227, "volume": 540915, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 23.336401, "volume": 632255, "typical_volume": 886898.5, "trend": 22.975921, "fair_value": 22.643752, "relative_strength": -12.704239, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.40783, "energy": 61.177468, "activity_lines": [ 23.323146, 23.300143, 23.259633, 23.140896 ] }, { "date": "2024-03-29", "close": 23.317814, "volume": 987166, "typical_volume": 846699.3, "trend": 22.998137, "fair_value": 22.652074, "relative_strength": -12.706837, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.200972, "energy": 55.177239, "activity_lines": [ 23.32339, 23.307315, 23.272633, 23.162954 ] }, { "date": "2024-04-05", "close": 23.280453, "volume": 616138, "typical_volume": 822213.15, "trend": 23.018498, "fair_value": 22.659737, "relative_strength": -11.687559, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.515768, "energy": 45.707286, "activity_lines": [ 23.309078, 23.305969, 23.279221, 23.181168 ] }, { "date": "2024-04-12", "close": 23.243175, "volume": 935762, "typical_volume": 846950.4, "trend": 23.038226, "fair_value": 22.666767, "relative_strength": -10.1672, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.570816, "energy": 33.025696, "activity_lines": [ 23.284211, 23.296298, 23.280107, 23.195663 ] }, { "date": "2024-04-19", "close": 23.252494, "volume": 871193, "typical_volume": 820072.85, "trend": 23.060094, "fair_value": 22.67374, "relative_strength": -6.976588, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.929491, "energy": 22.666792, "activity_lines": [ 23.269904, 23.288598, 23.280061, 23.209487 ] }, { "date": "2024-04-26", "close": 23.243175, "volume": 619295, "typical_volume": 799016.9, "trend": 23.084702, "fair_value": 22.680439, "relative_strength": -9.080815, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.683554, "energy": 19.636578, "activity_lines": [ 23.255606, 23.279397, 23.278178, 23.221299 ] }, { "date": "2024-05-03", "close": 23.294343, "volume": 618371, "typical_volume": 784217.9, "trend": 23.11243, "fair_value": 22.687577, "relative_strength": -9.063638, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.049365, "energy": 15.621993, "activity_lines": [ 23.26458, 23.279777, 23.280349, 23.234824 ] }, { "date": "2024-05-10", "close": 23.341063, "volume": 458624, "typical_volume": 770256.4, "trend": 23.138658, "fair_value": 22.695089, "relative_strength": -10.166563, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.327996, "energy": 31.292487, "activity_lines": [ 23.290692, 23.288505, 23.28661, 23.249575 ] }, { "date": "2024-05-17", "close": 23.313031, "volume": 768132, "typical_volume": 781120.9, "trend": 23.167009, "fair_value": 22.702111, "relative_strength": -11.370594, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.966673, "energy": 31.722487, "activity_lines": [ 23.303419, 23.291545, 23.289751, 23.260824 ] }, { "date": "2024-05-24", "close": 23.313031, "volume": 721720, "typical_volume": 774921.2, "trend": 23.195345, "fair_value": 22.708975, "relative_strength": -11.01077, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.397478, "energy": 34.937181, "activity_lines": [ 23.311489, 23.295347, 23.292728, 23.270245 ] }, { "date": "2024-05-31", "close": 23.266312, "volume": 357875, "typical_volume": 739561.5, "trend": 23.21637, "fair_value": 22.715168, "relative_strength": -10.512697, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.484652, "energy": 24.281815, "activity_lines": [ 23.29995, 23.290404, 23.291091, 23.274824 ] }, { "date": "2024-06-07", "close": 23.348998, "volume": 593805, "typical_volume": 724243.2, "trend": 23.237392, "fair_value": 22.722133, "relative_strength": -10.977798, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.265194, "energy": 30.90405, "activity_lines": [ 23.31443, 23.30177, 23.29743, 23.28338 ] }, { "date": "2024-06-14", "close": 23.433324, "volume": 2000949, "typical_volume": 776046.25, "trend": 23.257546, "fair_value": 22.729863, "relative_strength": -11.794797, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.347677, "energy": 49.300076, "activity_lines": [ 23.353376, 23.3279, 23.311201, 23.296021 ] }, { "date": "2024-06-21", "close": 23.433324, "volume": 210330, "typical_volume": 734168.15, "trend": 23.276617, "fair_value": 22.737427, "relative_strength": -12.014033, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.56453, "energy": 64.08226, "activity_lines": [ 23.386171, 23.351251, 23.323839, 23.307362 ] }, { "date": "2024-06-28", "close": 23.395846, "volume": 1499175, "typical_volume": 757519.45, "trend": 23.28805, "fair_value": 22.744432, "relative_strength": -11.801803, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.77791, "energy": 65.631822, "activity_lines": [ 23.398454, 23.36433, 23.332074, 23.315054 ] }, { "date": "2024-07-05", "close": 23.489173, "volume": 664954, "typical_volume": 760057.05, "trend": 23.301979, "fair_value": 22.752271, "relative_strength": -12.768263, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.756039, "energy": 76.321293, "activity_lines": [ 23.436324, 23.391772, 23.348565, 23.328029 ] }, { "date": "2024-07-12", "close": 23.526756, "volume": 901208, "typical_volume": 763842.1, "trend": 23.312243, "fair_value": 22.760339, "relative_strength": -13.145432, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.857194, "energy": 79.839535, "activity_lines": [ 23.471865, 23.421574, 23.367538, 23.342531 ] }, { "date": "2024-07-19", "close": 23.545547, "volume": 464801, "typical_volume": 763965.15, "trend": 23.322211, "fair_value": 22.768433, "relative_strength": -11.047583, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.280908, "energy": 81.095279, "activity_lines": [ 23.50182, 23.450567, 23.387154, 23.357583 ] }, { "date": "2024-07-26", "close": 23.573734, "volume": 1150334, "typical_volume": 780650.1, "trend": 23.332052, "fair_value": 22.776651, "relative_strength": -9.941442, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.255084, "energy": 84.572701, "activity_lines": [ 23.533688, 23.480967, 23.408327, 23.37381 ] }, { "date": "2024-08-02", "close": 23.71578, "volume": 958745, "typical_volume": 801541.6, "trend": 23.346628, "fair_value": 22.786137, "relative_strength": -7.177658, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.823198, "energy": 93.237183, "activity_lines": [ 23.603544, 23.532453, 23.441986, 23.398567 ] }, { "date": "2024-08-09", "close": 23.668669, "volume": 1059538, "typical_volume": 822905.75, "trend": 23.359325, "fair_value": 22.794962, "relative_strength": -7.10947, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.819076, "energy": 88.693145, "activity_lines": [ 23.636368, 23.568051, 23.469174, 23.419344 ] }, { "date": "2024-08-16", "close": 23.734625, "volume": 423289, "typical_volume": 794711.9, "trend": 23.376379, "fair_value": 22.804266, "relative_strength": -10.076696, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.461566, "energy": 91.281271, "activity_lines": [ 23.67921, 23.608326, 23.501062, 23.443557 ] }, { "date": "2024-08-23", "close": 23.772314, "volume": 660122, "typical_volume": 796911.1, "trend": 23.395614, "fair_value": 22.813757, "relative_strength": -10.831868, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.760846, "energy": 91.257937, "activity_lines": [ 23.720758, 23.648441, 23.534555, 23.469101 ] }, { "date": "2024-08-30", "close": 23.781736, "volume": 922154, "typical_volume": 796230.7, "trend": 23.413056, "fair_value": 22.823154, "relative_strength": -10.726182, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.860489, "energy": 85.823675, "activity_lines": [ 23.750329, 23.684107, 23.566602, 23.494012 ] }, { "date": "2024-09-06", "close": 23.836015, "volume": 1269855, "typical_volume": 816163.8, "trend": 23.432153, "fair_value": 22.832893, "relative_strength": -6.375626, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.582505, "energy": 90.502386, "activity_lines": [ 23.784125, 23.723306, 23.601255, 23.5213 ] }, { "date": "2024-09-13", "close": 23.876167, "volume": 611275, "typical_volume": 815762.8, "trend": 23.452744, "fair_value": 22.842829, "relative_strength": -9.492995, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.568876, "energy": 91.625942, "activity_lines": [ 23.82329, 23.761803, 23.636953, 23.549946 ] }, { "date": "2024-09-20", "close": 23.883252, "volume": 624767, "typical_volume": 816082.6, "trend": 23.472643, "fair_value": 22.852645, "relative_strength": -10.324979, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.442316, "energy": 88.279012, "activity_lines": [ 23.850984, 23.794552, 23.670311, 23.57772 ] }, { "date": "2024-09-27", "close": 23.911595, "volume": 1406903, "typical_volume": 863496.55, "trend": 23.492745, "fair_value": 22.862541, "relative_strength": -10.300551, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.809937, "energy": 88.226884, "activity_lines": [ 23.878217, 23.825972, 23.703564, 23.60604 ] }, { "date": "2024-10-04", "close": 23.87226, "volume": 504159, "typical_volume": 850297.9, "trend": 23.509988, "fair_value": 22.871891, "relative_strength": -10.26459, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.798228, "energy": 71.750511, "activity_lines": [ 23.883052, 23.843585, 23.730355, 23.630525 ] }, { "date": "2024-10-11", "close": 23.891206, "volume": 793442, "typical_volume": 853884.0, "trend": 23.52972, "fair_value": 22.881242, "relative_strength": -10.7816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.08836, "energy": 66.069449, "activity_lines": [ 23.888168, 23.859215, 23.756286, 23.655119 ] }, { "date": "2024-10-18", "close": 23.900679, "volume": 875837, "typical_volume": 879782.1, "trend": 23.54853, "fair_value": 22.89051, "relative_strength": -11.023412, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.497253, "energy": 64.56547, "activity_lines": [ 23.892763, 23.873377, 23.780367, 23.679052 ] }, { "date": "2024-10-25", "close": 23.815421, "volume": 561152, "typical_volume": 878149.45, "trend": 23.565117, "fair_value": 22.898842, "relative_strength": -9.951744, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.636871, "energy": 49.72677, "activity_lines": [ 23.867304, 23.86782, 23.793307, 23.696271 ] }, { "date": "2024-11-01", "close": 23.804811, "volume": 660150, "typical_volume": 811109.5, "trend": 23.582595, "fair_value": 22.906931, "relative_strength": -8.30264, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.639601, "energy": 43.091819, "activity_lines": [ 23.84283, 23.858865, 23.803016, 23.711735 ] }, { "date": "2024-11-08", "close": 23.852307, "volume": 675832, "typical_volume": 834384.6, "trend": 23.6029, "fair_value": 22.915298, "relative_strength": -11.827868, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.225398, "energy": 34.960653, "activity_lines": [ 23.841307, 23.857955, 23.815479, 23.729136 ] }, { "date": "2024-11-15", "close": 23.852307, "volume": 959007, "typical_volume": 807376.2, "trend": 23.622893, "fair_value": 22.923517, "relative_strength": -9.547289, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.556636, "energy": 29.177273, "activity_lines": [ 23.841114, 23.855761, 23.825946, 23.745227 ] }, { "date": "2024-11-22", "close": 23.871305, "volume": 581327, "typical_volume": 803194.85, "trend": 23.643831, "fair_value": 22.931759, "relative_strength": -10.54594, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.397848, "energy": 32.729975, "activity_lines": [ 23.849848, 23.856726, 23.83605, 23.761253 ] }, { "date": "2024-11-29", "close": 23.947298, "volume": 505866, "typical_volume": 783427.75, "trend": 23.665596, "fair_value": 22.940513, "relative_strength": -10.883191, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.581581, "energy": 48.611233, "activity_lines": [ 23.88587, 23.871595, 23.851571, 23.780832 ] }, { "date": "2024-12-06", "close": 23.991449, "volume": 788333, "typical_volume": 799604.35, "trend": 23.687276, "fair_value": 22.949496, "relative_strength": -11.056558, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.286081, "energy": 56.55566, "activity_lines": [ 23.927818, 23.893328, 23.869295, 23.801855 ] }, { "date": "2024-12-13", "close": 23.915256, "volume": 514497, "typical_volume": 767812.5, "trend": 23.70735, "fair_value": 22.95768, "relative_strength": -10.40859, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.914415, "energy": 50.263103, "activity_lines": [ 23.931926, 23.899756, 23.877639, 23.816563 ] }, { "date": "2024-12-20", "close": 23.85811, "volume": 642909, "typical_volume": 752020.7, "trend": 23.725519, "fair_value": 22.965247, "relative_strength": -8.580004, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.36406, "energy": 41.852445, "activity_lines": [ 23.912788, 23.895011, 23.878914, 23.826289 ] }, { "date": "2024-12-27", "close": 23.867635, "volume": 600791, "typical_volume": 729083.35, "trend": 23.745563, "fair_value": 22.972766, "relative_strength": -8.759622, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.664583, "energy": 32.178217, "activity_lines": [ 23.896439, 23.892601, 23.880418, 23.835458 ] }, { "date": "2025-01-03", "close": 23.874703, "volume": 993151, "typical_volume": 757576.45, "trend": 23.763087, "fair_value": 22.980221, "relative_strength": -7.855566, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.566671, "energy": 17.285375, "activity_lines": [ 23.88269, 23.892076, 23.881648, 23.84379 ] }, { "date": "2025-01-10", "close": 23.874703, "volume": 1050298, "typical_volume": 777085.25, "trend": 23.777799, "fair_value": 22.987552, "relative_strength": -5.690403, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.243173, "energy": 16.780627, "activity_lines": [ 23.873781, 23.890473, 23.882211, 23.850991 ] }, { "date": "2025-01-17", "close": 23.932072, "volume": 918507, "typical_volume": 776902.9, "trend": 23.794424, "fair_value": 22.995231, "relative_strength": -7.813474, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.275421, "energy": 19.786191, "activity_lines": [ 23.891777, 23.89803, 23.88775, 23.860944 ] }, { "date": "2025-01-24", "close": 23.970317, "volume": 746855, "typical_volume": 750752.9, "trend": 23.813573, "fair_value": 23.003095, "relative_strength": -8.890323, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.770853, "energy": 31.947224, "activity_lines": [ 23.921402, 23.911091, 23.896216, 23.872292 ] }, { "date": "2025-01-31", "close": 24.018124, "volume": 873650, "typical_volume": 763871.65, "trend": 23.831205, "fair_value": 23.011215, "relative_strength": -7.457292, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.495424, "energy": 50.386364, "activity_lines": [ 23.959481, 23.930698, 23.908595, 23.885489 ] }, { "date": "2025-02-07", "close": 24.057969, "volume": 888385, "typical_volume": 777052.55, "trend": 23.848912, "fair_value": 23.019523, "relative_strength": -6.852473, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.927915, "energy": 65.92906, "activity_lines": [ 24.000809, 23.95488, 23.924093, 23.900119 ] }, { "date": "2025-02-14", "close": 24.077139, "volume": 774785, "typical_volume": 745446.65, "trend": 23.866632, "fair_value": 23.02785, "relative_strength": -7.827423, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.446619, "energy": 70.814966, "activity_lines": [ 24.03631, 23.980536, 23.940585, 23.914843 ] }, { "date": "2025-02-21", "close": 24.115479, "volume": 463565, "typical_volume": 743416.95, "trend": 23.88469, "fair_value": 23.036348, "relative_strength": -5.915088, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.450533, "energy": 74.019897, "activity_lines": [ 24.071095, 24.011604, 23.95994, 23.930898 ] }, { "date": "2025-02-28", "close": 24.182572, "volume": 957498, "typical_volume": 751619.75, "trend": 23.90025, "fair_value": 23.045233, "relative_strength": -4.509529, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.271535, "energy": 77.584558, "activity_lines": [ 24.116017, 24.051231, 23.984526, 23.950116 ] }, { "date": "2025-03-07", "close": 24.160259, "volume": 908949, "typical_volume": 753275.35, "trend": 23.916636, "fair_value": 23.05381, "relative_strength": -1.382634, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.148723, "energy": 69.944998, "activity_lines": [ 24.139351, 24.080901, 24.0056, 23.966891 ] }, { "date": "2025-03-14", "close": 24.102598, "volume": 1140173, "typical_volume": 782226.4, "trend": 23.928902, "fair_value": 23.061816, "relative_strength": 0.82484, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.45419, "energy": 54.621868, "activity_lines": [ 24.133989, 24.094768, 24.019946, 23.978888 ] }, { "date": "2025-03-21", "close": 24.121818, "volume": 605626, "typical_volume": 779500.2, "trend": 23.940552, "fair_value": 23.069846, "relative_strength": 0.51074, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.992031, "energy": 46.365163, "activity_lines": [ 24.132059, 24.107985, 24.034755, 23.991334 ] }, { "date": "2025-03-28", "close": 24.102598, "volume": 951910, "typical_volume": 793304.1, "trend": 23.951247, "fair_value": 23.077612, "relative_strength": 2.015936, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.21108, "energy": 37.733346, "activity_lines": [ 24.120743, 24.113214, 24.046225, 24.001789 ] }, { "date": "2025-04-04", "close": 24.257981, "volume": 967052, "typical_volume": 793706.35, "trend": 23.965313, "fair_value": 23.08642, "relative_strength": 12.781671, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.166307, "energy": 44.604221, "activity_lines": [ 24.16208, 24.143595, 24.0713, 24.021578 ] }, { "date": "2025-04-11", "close": 23.805011, "volume": 2162815, "typical_volume": 872780.75, "trend": 23.962941, "fair_value": 23.091743, "relative_strength": 4.805702, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.111794, "energy": 8.301653, "activity_lines": [ 24.0474, 24.086387, 24.051304, 24.011236 ] }, { "date": "2025-04-18", "close": 23.930301, "volume": 1139857, "typical_volume": 904480.3, "trend": 23.964509, "fair_value": 23.097909, "relative_strength": 6.965755, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.319664, "energy": 14.362171, "activity_lines": [ 23.998167, 24.055834, 24.043556, 24.00913 ] }, { "date": "2025-04-25", "close": 23.997765, "volume": 1404373, "typical_volume": 935282.3, "trend": 23.967382, "fair_value": 23.104477, "relative_strength": 2.674016, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.833698, "energy": 15.622898, "activity_lines": [ 23.982908, 24.039869, 24.042315, 24.011276 ] }, { "date": "2025-05-02", "close": 24.062215, "volume": 1142360, "typical_volume": 966675.45, "trend": 23.973714, "fair_value": 23.111417, "relative_strength": 0.188783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.707304, "energy": 19.169513, "activity_lines": [ 23.997403, 24.037065, 24.047181, 24.017394 ] }, { "date": "2025-05-09", "close": 24.120196, "volume": 1274435, "typical_volume": 998251.75, "trend": 23.981347, "fair_value": 23.118675, "relative_strength": 0.981967, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.627381, "energy": 12.876079, "activity_lines": [ 24.033917, 24.045771, 24.056869, 24.026844 ] }, { "date": "2025-05-16", "close": 24.129859, "volume": 987535, "typical_volume": 1017588.95, "trend": 23.988986, "fair_value": 23.125898, "relative_strength": -3.880274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.567824, "energy": 23.141254, "activity_lines": [ 24.082837, 24.057368, 24.06623, 24.036426 ] }, { "date": "2025-05-23", "close": 24.139523, "volume": 1051866, "typical_volume": 1020524.7, "trend": 23.999789, "fair_value": 23.133086, "relative_strength": -1.205368, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.565102, "energy": 32.768514, "activity_lines": [ 24.113322, 24.071275, 24.075262, 24.046138 ] }, { "date": "2025-05-30", "close": 24.197504, "volume": 350115, "typical_volume": 985515.55, "trend": 24.012879, "fair_value": 23.140582, "relative_strength": -2.53444, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.69964, "energy": 50.909223, "activity_lines": [ 24.149186, 24.095053, 24.088555, 24.058894 ] }, { "date": "2025-06-06", "close": 24.217935, "volume": 1165022, "typical_volume": 997841.3, "trend": 24.025067, "fair_value": 23.148116, "relative_strength": -3.870268, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.998066, "energy": 58.986099, "activity_lines": [ 24.178545, 24.121169, 24.102257, 24.072123 ] }, { "date": "2025-06-13", "close": 24.247008, "volume": 534250, "typical_volume": 987211.05, "trend": 24.038223, "fair_value": 23.155747, "relative_strength": -3.272462, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.411376, "energy": 60.461262, "activity_lines": [ 24.207213, 24.150474, 24.117367, 24.086442 ] }, { "date": "2025-06-20", "close": 24.334228, "volume": 629839, "typical_volume": 975020.5, "trend": 24.053654, "fair_value": 23.163875, "relative_strength": -2.651753, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.827977, "energy": 68.225239, "activity_lines": [ 24.256501, 24.195837, 24.139465, 24.105539 ] }, { "date": "2025-06-27", "close": 24.324537, "volume": 917055, "typical_volume": 976454.0, "trend": 24.066229, "fair_value": 23.171825, "relative_strength": -5.784388, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.726537, "energy": 67.217742, "activity_lines": [ 24.288933, 24.229816, 24.159136, 24.123015 ] }, { "date": "2025-07-04", "close": 24.382058, "volume": 945846, "typical_volume": 985007.05, "trend": 24.079249, "fair_value": 23.180057, "relative_strength": -6.971129, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.120294, "energy": 74.051311, "activity_lines": [ 24.328205, 24.267085, 24.183015, 24.143391 ] }, { "date": "2025-07-11", "close": 24.411212, "volume": 1271165, "typical_volume": 1025387.05, "trend": 24.095781, "fair_value": 23.188376, "relative_strength": -6.457484, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.436088, "energy": 86.490475, "activity_lines": [ 24.364891, 24.302668, 24.208219, 24.164808 ] }, { "date": "2025-07-18", "close": 24.401494, "volume": 901061, "typical_volume": 1022565.2, "trend": 24.113894, "fair_value": 23.196518, "relative_strength": -6.890484, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.283979, "energy": 85.953079, "activity_lines": [ 24.385453, 24.330139, 24.231089, 24.184532 ] }, { "date": "2025-07-25", "close": 24.430647, "volume": 876069, "typical_volume": 1020921.2, "trend": 24.132661, "fair_value": 23.204745, "relative_strength": -7.93945, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.034549, "energy": 87.90782, "activity_lines": [ 24.405433, 24.357795, 24.255693, 24.204968 ] }, { "date": "2025-08-01", "close": 24.505378, "volume": 1323414, "typical_volume": 1030083.25, "trend": 24.153683, "fair_value": 23.213359, "relative_strength": -5.126431, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.571475, "energy": 91.235934, "activity_lines": [ 24.443896, 24.393571, 24.286126, 24.229014 ] }, { "date": "2025-08-08", "close": 24.515121, "volume": 991593, "typical_volume": 1049381.6, "trend": 24.175031, "fair_value": 23.221923, "relative_strength": -7.112742, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.838828, "energy": 84.84295, "activity_lines": [ 24.473551, 24.424465, 24.31557, 24.252332 ] }, { "date": "2025-08-15", "close": 24.544352, "volume": 782031, "typical_volume": 1040887.65, "trend": 24.19544, "fair_value": 23.230566, "relative_strength": -7.68368, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.858846, "energy": 83.114737, "activity_lines": [ 24.504078, 24.4549, 24.345924, 24.27616 ] }, { "date": "2025-08-22", "close": 24.554096, "volume": 1358660, "typical_volume": 1060468.05, "trend": 24.214899, "fair_value": 23.239161, "relative_strength": -7.709985, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.059685, "energy": 78.390381, "activity_lines": [ 24.528977, 24.481171, 24.375104, 24.299299 ] }, { "date": "2025-08-29", "close": 24.612558, "volume": 1151446, "typical_volume": 1009899.6, "trend": 24.234714, "fair_value": 23.248021, "relative_strength": -7.255771, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.497701, "energy": 76.143545, "activity_lines": [ 24.56319, 24.512489, 24.40844, 24.324954 ] }, { "date": "2025-09-05", "close": 24.68633, "volume": 1489413, "typical_volume": 1027377.4, "trend": 24.255659, "fair_value": 23.257241, "relative_strength": -7.009196, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.618216, "energy": 82.079642, "activity_lines": [ 24.609866, 24.552159, 24.444957, 24.354091 ] }, { "date": "2025-09-12", "close": 24.78402, "volume": 1575497, "typical_volume": 1035933.6, "trend": 24.279222, "fair_value": 23.273907, "relative_strength": -7.855963, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.448888, "energy": 90.410504, "activity_lines": [ 24.677043, 24.603012, 24.487178, 24.388178 ] }, { "date": "2025-09-19", "close": 24.774251, "volume": 1067905, "typical_volume": 1032210.85, "trend": 24.301181, "fair_value": 23.292008, "relative_strength": -8.793446, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.687722, "energy": 90.751607, "activity_lines": [ 24.723036, 24.644781, 24.524725, 24.420116 ] }, { "date": "2025-09-26", "close": 24.715637, "volume": 1844186, "typical_volume": 1060698.4, "trend": 24.31895, "fair_value": 23.310483, "relative_strength": -8.535702, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.76107, "energy": 76.907986, "activity_lines": [ 24.734164, 24.669293, 24.553298, 24.446855 ] }, { "date": "2025-10-03", "close": 24.738643, "volume": 947667, "typical_volume": 1058705.0, "trend": 24.338229, "fair_value": 23.328458, "relative_strength": -9.239206, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.055256, "energy": 65.960375, "activity_lines": [ 24.742192, 24.692275, 24.581227, 24.473932 ] }, { "date": "2025-10-10", "close": 24.738643, "volume": 1395411, "typical_volume": 1075882.25, "trend": 24.359431, "fair_value": 23.346438, "relative_strength": -6.820199, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.8462, "energy": 63.474357, "activity_lines": [ 24.741815, 24.709658, 24.606258, 24.499765 ] }, { "date": "2025-10-17", "close": 24.816992, "volume": 1242057, "typical_volume": 1120479.35, "trend": 24.382603, "fair_value": 23.365342, "relative_strength": -7.949452, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.958857, "energy": 65.831079, "activity_lines": [ 24.764066, 24.737045, 24.635897, 24.529285 ] }, { "date": "2025-10-24", "close": 24.777817, "volume": 1314838, "typical_volume": 1127970.15, "trend": 24.40511, "fair_value": 23.38428, "relative_strength": -9.623991, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.23907, "energy": 60.42247, "activity_lines": [ 24.77106, 24.75182, 24.658855, 24.554783 ] }, { "date": "2025-10-31", "close": 24.797405, "volume": 1707149, "typical_volume": 1186615.1, "trend": 24.423091, "fair_value": 23.403204, "relative_strength": -9.940765, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.857411, "energy": 60.76983, "activity_lines": [ 24.784347, 24.765912, 24.681012, 24.580092 ] }, { "date": "2025-11-07", "close": 24.783792, "volume": 1871816, "typical_volume": 1248713.95, "trend": 24.455717, "fair_value": 23.420984, "relative_strength": -8.3532, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.232146, "energy": 57.760993, "activity_lines": [ 24.787644, 24.773105, 24.699252, 24.603363 ] }, { "date": "2025-11-14", "close": 24.783792, "volume": 1096795, "typical_volume": 1257700.95, "trend": 24.484167, "fair_value": 23.438193, "relative_strength": -8.294692, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.379276, "energy": 52.122348, "activity_lines": [ 24.787931, 24.777185, 24.715352, 24.624529 ] }, { "date": "2025-11-21", "close": 24.793611, "volume": 946851, "typical_volume": 1257751.2, "trend": 24.510695, "fair_value": 23.454808, "relative_strength": -6.330492, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.01264, "energy": 50.118352, "activity_lines": [ 24.788482, 24.781278, 24.730199, 24.644493 ] }, { "date": "2025-11-28", "close": 24.823069, "volume": 918775, "typical_volume": 1240131.7, "trend": 24.536057, "fair_value": 23.47077, "relative_strength": -9.392854, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.299199, "energy": 50.805664, "activity_lines": [ 24.80041, 24.790553, 24.745892, 24.664647 ] }, { "date": "2025-12-05", "close": 24.817227, "volume": 1062988, "typical_volume": 1248228.05, "trend": 24.559291, "fair_value": 23.48638, "relative_strength": -9.555033, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.936914, "energy": 49.424885, "activity_lines": [ 24.807375, 24.797878, 24.759068, 24.682787 ] }, { "date": "2025-12-12", "close": 24.836915, "volume": 1419512, "typical_volume": 1275400.2, "trend": 24.58286, "fair_value": 23.502031, "relative_strength": -8.80242, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.122734, "energy": 52.267984, "activity_lines": [ 24.81958, 24.806935, 24.772139, 24.700698 ] }, { "date": "2025-12-19", "close": 24.856604, "volume": 1455993, "typical_volume": 1282029.15, "trend": 24.606763, "fair_value": 23.518094, "relative_strength": -8.65127, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.23128, "energy": 54.25386, "activity_lines": [ 24.834807, 24.817786, 24.785151, 24.718359 ] }, { "date": "2025-12-26", "close": 24.866448, "volume": 1189136, "typical_volume": 1291906.3, "trend": 24.629061, "fair_value": 23.534147, "relative_strength": -9.703777, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.06031, "energy": 68.213649, "activity_lines": [ 24.848462, 24.828281, 24.797427, 24.735113 ] }, { "date": "2026-01-02", "close": 24.903197, "volume": 1453412, "typical_volume": 1325475.35, "trend": 24.651903, "fair_value": 23.549745, "relative_strength": -8.433123, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.146888, "energy": 75.492306, "activity_lines": [ 24.86951, 24.844559, 24.811531, 24.752799 ] }, { "date": "2026-01-09", "close": 24.972318, "volume": 1395780, "typical_volume": 1327331.35, "trend": 24.67608, "fair_value": 23.565298, "relative_strength": -9.374475, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.983726, "energy": 85.963996, "activity_lines": [ 24.908256, 24.871125, 24.830508, 24.773471 ] }, { "date": "2026-01-16", "close": 25.02169, "volume": 2400880, "typical_volume": 1389803.05, "trend": 24.698995, "fair_value": 23.580967, "relative_strength": -8.686901, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.612914, "energy": 92.749597, "activity_lines": [ 24.953121, 24.903487, 24.852197, 24.795768 ] }, { "date": "2026-01-23", "close": 25.02169, "volume": 1120802, "typical_volume": 1371372.5, "trend": 24.722234, "fair_value": 23.596314, "relative_strength": -8.205239, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.375796, "energy": 90.907443, "activity_lines": [ 24.985667, 24.931524, 24.871937, 24.816587 ] }, { "date": "2026-01-30", "close": 25.041438, "volume": 1901801, "typical_volume": 1387687.7, "trend": 24.744213, "fair_value": 23.611624, "relative_strength": -8.309846, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.084782, "energy": 90.775759, "activity_lines": [ 25.01379, 24.958826, 24.89196, 24.837181 ] }, { "date": "2026-02-06", "close": 25.093326, "volume": 2176581, "typical_volume": 1443121.5, "trend": 24.76695, "fair_value": 23.627763, "relative_strength": -7.752391, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.734239, "energy": 92.682842, "activity_lines": [ 25.047543, 24.991056, 24.9157, 24.859704 ] }, { "date": "2026-02-13", "close": 25.177466, "volume": 1794927, "typical_volume": 1440658.55, "trend": 24.792816, "fair_value": 23.645362, "relative_strength": -6.100313, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.297795, "energy": 95.69236, "activity_lines": [ 25.096668, 25.033671, 24.945934, 24.886189 ] }, { "date": "2026-02-20", "close": 25.182415, "volume": 1376958, "typical_volume": 1462123.1, "trend": 24.817875, "fair_value": 23.663483, "relative_strength": -6.939656, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.311154, "energy": 94.161598, "activity_lines": [ 25.133766, 25.070636, 24.97444, 24.911325 ] }, { "date": "2026-02-27", "close": 25.22201, "volume": 1555546, "typical_volume": 1470129.85, "trend": 24.841762, "fair_value": 23.681558, "relative_strength": -6.123176, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.387566, "energy": 94.477186, "activity_lines": [ 25.173347, 25.108518, 25.004603, 24.937398 ] }, { "date": "2026-03-06", "close": 25.145272, "volume": 1510677, "typical_volume": 1483560.85, "trend": 24.862767, "fair_value": 23.698674, "relative_strength": -4.27727, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.28297, "energy": 82.437935, "activity_lines": [ 25.173994, 25.125804, 25.025157, 24.956979 ] }, { "date": "2026-03-13", "close": 25.07581, "volume": 1457728, "typical_volume": 1490705.35, "trend": 24.880483, "fair_value": 23.714627, "relative_strength": -2.826004, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.701423, "energy": 65.031963, "activity_lines": [ 25.144564, 25.125391, 25.037531, 24.970724 ] }, { "date": "2026-03-20", "close": 25.006348, "volume": 1817627, "typical_volume": 1496229.25, "trend": 24.895558, "fair_value": 23.730045, "relative_strength": -1.08959, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.615416, "energy": 44.649544, "activity_lines": [ 25.093149, 25.10921, 25.041872, 24.978844 ] }, { "date": "2026-03-27", "close": 24.946809, "volume": 1910090, "typical_volume": 1498142.95, "trend": 24.906699, "fair_value": 23.744851, "relative_strength": 1.154369, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.411897, "energy": 26.392406, "activity_lines": [ 25.033295, 25.081585, 25.039547, 24.982151 ] }, { "date": "2026-04-03", "close": 25.01064, "volume": 2064291, "typical_volume": 1546517.75, "trend": 24.91751, "fair_value": 23.759606, "relative_strength": -1.440562, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.137822, "energy": 30.069603, "activity_lines": [ 25.010425, 25.066927, 25.042524, 24.988857 ] }, { "date": "2026-04-10", "close": 25.060383, "volume": 2831383, "typical_volume": 1640744.35, "trend": 24.926722, "fair_value": 23.774564, "relative_strength": -4.288366, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.23595, "energy": 26.17275, "activity_lines": [ 25.018227, 25.061514, 25.049159, 24.998074 ] }, { "date": "2026-04-17", "close": 25.090228, "volume": 3305124, "typical_volume": 1760061.8, "trend": 24.937254, "fair_value": 23.790466, "relative_strength": -7.824439, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.443223, "energy": 22.799005, "activity_lines": [ 25.041637, 25.061183, 25.057367, 25.008623 ] }, { "date": "2026-04-24", "close": 25.130022, "volume": 2229528, "typical_volume": 1818388.8, "trend": 24.951067, "fair_value": 23.806362, "relative_strength": -7.75857, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.694633, "energy": 35.343883, "activity_lines": [ 25.077351, 25.068144, 25.068091, 25.02106 ] }, { "date": "2026-05-01", "close": 25.019844, "volume": 1580887, "typical_volume": 1826457.55, "trend": 24.960441, "fair_value": 23.821196, "relative_strength": -8.639423, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.459966, "energy": 23.48924, "activity_lines": [ 25.068093, 25.055935, 25.066833, 25.025497 ] }, { "date": "2026-05-08", "close": 25.059645, "volume": 2329674, "typical_volume": 1870141.6, "trend": 24.971141, "fair_value": 23.836228, "relative_strength": -10.178534, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.874589, "energy": 22.695734, "activity_lines": [ 25.067234, 25.053918, 25.068495, 25.031897 ] }, { "date": "2026-05-15", "close": 24.965117, "volume": 2184943, "typical_volume": 1919931.95, "trend": 24.976078, "fair_value": 23.851697, "relative_strength": -10.37232, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.313405, "energy": 3.379374, "activity_lines": [ 25.031598, 25.037666, 25.060187, 25.031509 ] }, { "date": "2026-05-22", "close": 24.975068, "volume": 1667908, "typical_volume": 1930656.75, "trend": 24.982653, "fair_value": 23.867346, "relative_strength": -10.719718, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.496472, "energy": 13.125553, "activity_lines": [ 25.00563, 25.0265, 25.052357, 25.031443 ] }, { "date": "2026-05-29", "close": 25.09447, "volume": 2337664, "typical_volume": 1977750.95, "trend": 24.992555, "fair_value": 23.883444, "relative_strength": -11.198099, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.191636, "energy": 12.122281, "activity_lines": [ 25.02714, 25.038874, 25.055557, 25.038657 ] }, { "date": "2026-06-05", "close": 25.127804, "volume": 2425428, "typical_volume": 1978978.35, "trend": 25.004023, "fair_value": 23.899668, "relative_strength": -8.476796, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.96201, "energy": 14.5697, "activity_lines": [ 25.062132, 25.055707, 25.061349, 25.047383 ] }, { "date": "2026-06-12", "close": 25.107854, "volume": 2509571, "typical_volume": 2048416.8, "trend": 25.014825, "fair_value": 23.915677, "relative_strength": -8.726307, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.970885, "energy": 24.58667, "activity_lines": [ 25.083277, 25.065622, 25.064736, 25.054082 ] }, { "date": "2026-06-19", "close": 25.13778, "volume": 4831908, "typical_volume": 2194922.15, "trend": 25.026297, "fair_value": 23.931616, "relative_strength": -9.095201, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.993663, "energy": 33.202552, "activity_lines": [ 25.111182, 25.079211, 25.070563, 25.062014 ] }, { "date": "2026-06-26", "close": 25.147755, "volume": 2277579, "typical_volume": 2199972.05, "trend": 25.03712, "fair_value": 23.947618, "relative_strength": -6.578077, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.647928, "energy": 46.393576, "activity_lines": [ 25.130902, 25.093206, 25.076881, 25.06985 ] }, { "date": "2026-07-03", "close": 25.104527, "volume": 2111544, "typical_volume": 2215802.9, "trend": 25.046696, "fair_value": 23.963326, "relative_strength": -8.443445, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.956552, "energy": 42.315749, "activity_lines": [ 25.1247, 25.098295, 25.078823, 25.074199 ] }, { "date": "2026-07-10", "close": 25.114501, "volume": 1270186, "typical_volume": 2210464.3, "trend": 25.055949, "fair_value": 23.978749, "relative_strength": -9.342087, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.866835, "energy": 34.002085, "activity_lines": [ 25.121153, 25.105661, 25.082062, 25.078574 ] }, { "date": "2026-07-17", "close": 25.074605, "volume": 1768603, "typical_volume": 2221117.15, "trend": 25.063216, "fair_value": 23.993709, "relative_strength": -7.796718, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.714646, "energy": 19.996234, "activity_lines": [ 25.105193, 25.104053, 25.081825, 25.079777 ] }, { "date": "2026-07-24", "close": 25.004788, "volume": 1205408, "typical_volume": 2205853.7, "trend": 25.067827, "fair_value": 24.008399, "relative_strength": -7.270571, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.83849, "energy": 6.972384, "activity_lines": [ 25.068178, 25.089478, 25.07564, 25.076008 ] }, { "date": "2026-07-31", "close": 24.994814, "volume": 1756306, "typical_volume": 2220782.6, "trend": 25.070881, "fair_value": 24.02321, "relative_strength": -8.002719, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.684111, "energy": 17.05375, "activity_lines": [ 25.036704, 25.072369, 25.069175, 25.071297 ] }, { "date": "2026-08-07", "close": 25.08, "volume": 2123602, "typical_volume": 2236081.35, "trend": 25.074471, "fair_value": 24.038599, "relative_strength": -10.514556, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.102638, "energy": 25.325912, "activity_lines": [ 25.043822, 25.070389, 25.071208, 25.071886 ] } ], "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." } } }