{ "ticker": { "uuid": "7f85f1d7-a750-4f55-9028-16ac2d01e986", "symbol": "FUMB", "name": "FIRST TR EXCHANGE-TRADED FD III ULTRA 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": 73.742, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 68.572, "architecture_energy": 47.534, "architecture_maturity": 20.351, "architecture_confidence": 69.724, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 21.24, "rotation_up": 63.96, "upward_expansion": 81.75, "deceleration": 51.81, "rotation_down": 16.2, "downward_expansion": 6.08 }, "activity_lines": [ 20.0532, 20.041656, 20.020854, 20.007509 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 20.075, "trend_reference": 19.987352, "distance_from_trend": 0.004385, "trend_direction": "Improving", "fair_value": 19.343043, "distance_from_fair_value": 0.037841, "fair_value_direction": "Weakening", "relative_strength": -10.189985, "relative_strength_direction": "Improving", "price_momentum": 0.006898, "excess_performance": -0.118727, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.004385, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003639, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.037841, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.001571, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.1019, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00293, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.006898, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.270212, "read": "Demand-led" } ], "volume": { "latest": 383525, "relative_activity": 0.998245, "balance": 3.270212, "dry_up": 0.600742, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.002604, "annualized_volatility": 0.007355, "from_high_reference": -0.015519, "from_low_reference": 0.020568 }, "levels": { "trend_reference": 19.987352, "fair_value_reference": 19.343043, "structural_low": 19.927564, "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": 50, "median_return": 0.002121, "positive_rate": 0.86, "directional_follow_through": 0.86, "median_excess_return": -0.014112, "regime_survival": 0.96, "best_return": 0.005731, "worst_return": -0.001691, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.00648, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.051129, "regime_survival": 0.866667, "best_return": 0.01195, "worst_return": 4.9e-05, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.013546, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.09071, "regime_survival": 0.75, "best_return": 0.018058, "worst_return": -0.00119, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.026986, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.120063, "regime_survival": 0.75, "best_return": 0.032312, "worst_return": -0.005054, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2021-07-09", "end": "2021-09-17", "tenure": "Developing", "return": 0.000297, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2021-09-24", "end": "2021-11-12", "tenure": "Developing", "return": -0.001487, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2021-11-19", "end": "2021-11-26", "tenure": "New", "return": 0.000745, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2021-12-03", "end": "2022-01-21", "tenure": "Developing", "return": -0.00273, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-01-28", "end": "2022-06-17", "tenure": "Established", "return": -0.003736, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-06-24", "end": "2022-07-15", "tenure": "New", "return": 0.002254, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-07-22", "end": "2022-08-26", "tenure": "Developing", "return": -0.0025, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-09-02", "end": "2022-09-23", "tenure": "New", "return": -0.001383, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2022-09-30", "end": "2022-10-28", "tenure": "Developing", "return": 0.002648, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-11-04", "end": "2022-11-25", "tenure": "New", "return": 0.004657, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-12-02", "end": "2026-04-24", "tenure": "Extended", "return": 0.09748, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": 0.002247, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.002744, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.42035, "volume": 198619, "typical_volume": 478404.85, "trend": 18.344494, "fair_value": 18.179225, "relative_strength": -6.994464, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.088389, "energy": 46.912246, "activity_lines": [ 18.439451, 18.435539, 18.407729, 18.382142 ] }, { "date": "2023-08-25", "close": 18.465602, "volume": 351683, "typical_volume": 474745.65, "trend": 18.3517, "fair_value": 18.181548, "relative_strength": -7.367969, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.836404, "energy": 48.832682, "activity_lines": [ 18.447449, 18.442324, 18.415611, 18.389955 ] }, { "date": "2023-09-01", "close": 18.484957, "volume": 175561, "typical_volume": 407848.5, "trend": 18.359398, "fair_value": 18.184, "relative_strength": -9.353105, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.766056, "energy": 54.077617, "activity_lines": [ 18.460731, 18.451303, 18.424699, 18.398553 ] }, { "date": "2023-09-08", "close": 18.498014, "volume": 153586, "typical_volume": 388624.65, "trend": 18.367867, "fair_value": 18.186646, "relative_strength": -7.991008, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.711, "energy": 55.870295, "activity_lines": [ 18.474982, 18.461097, 18.434324, 18.407495 ] }, { "date": "2023-09-15", "close": 18.498014, "volume": 228481, "typical_volume": 359647.45, "trend": 18.376914, "fair_value": 18.189435, "relative_strength": -7.642169, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.338597, "energy": 69.451919, "activity_lines": [ 18.485903, 18.469664, 18.443098, 18.415892 ] }, { "date": "2023-09-22", "close": 18.483197, "volume": 206941, "typical_volume": 336245.35, "trend": 18.38565, "fair_value": 18.19217, "relative_strength": -4.662287, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.258255, "energy": 61.873937, "activity_lines": [ 18.489173, 18.474151, 18.449674, 18.422749 ] }, { "date": "2023-09-29", "close": 18.483197, "volume": 206122, "typical_volume": 320303.9, "trend": 18.393165, "fair_value": 18.194608, "relative_strength": -3.678142, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.489129, "energy": 48.637631, "activity_lines": [ 18.488253, 18.477681, 18.455512, 18.429042 ] }, { "date": "2023-10-06", "close": 18.487837, "volume": 153396, "typical_volume": 314396.95, "trend": 18.399919, "fair_value": 18.1972, "relative_strength": -3.80828, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.006288, "energy": 42.56255, "activity_lines": [ 18.487707, 18.481416, 18.461098, 18.43515 ] }, { "date": "2023-10-13", "close": 18.520312, "volume": 367426, "typical_volume": 319275.1, "trend": 18.40684, "fair_value": 18.200058, "relative_strength": -3.730665, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.204951, "energy": 45.576303, "activity_lines": [ 18.497794, 18.49008, 18.469017, 18.442917 ] }, { "date": "2023-10-20", "close": 18.506394, "volume": 661432, "typical_volume": 338135.25, "trend": 18.413267, "fair_value": 18.202578, "relative_strength": -1.231586, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.919919, "energy": 40.794491, "activity_lines": [ 18.501755, 18.494901, 18.474706, 18.44934 ] }, { "date": "2023-10-27", "close": 18.565905, "volume": 380326, "typical_volume": 334063.3, "trend": 18.421677, "fair_value": 18.205768, "relative_strength": 1.707485, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.892397, "energy": 53.730238, "activity_lines": [ 18.524994, 18.50965, 18.485332, 18.459188 ] }, { "date": "2023-11-03", "close": 18.593796, "volume": 314244, "typical_volume": 322350.85, "trend": 18.430406, "fair_value": 18.209022, "relative_strength": -3.514721, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.005369, "energy": 73.096607, "activity_lines": [ 18.552016, 18.526823, 18.497711, 18.470292 ] }, { "date": "2023-11-10", "close": 18.57985, "volume": 663508, "typical_volume": 340631.1, "trend": 18.438516, "fair_value": 18.212014, "relative_strength": -4.717462, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.357878, "energy": 69.736976, "activity_lines": [ 18.567017, 18.53913, 18.507805, 18.479934 ] }, { "date": "2023-11-17", "close": 18.584499, "volume": 852716, "typical_volume": 346122.35, "trend": 18.447363, "fair_value": 18.214974, "relative_strength": -6.63111, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.057468, "energy": 70.305994, "activity_lines": [ 18.577432, 18.550557, 18.517481, 18.489352 ] }, { "date": "2023-11-24", "close": 18.621752, "volume": 242792, "typical_volume": 344052.75, "trend": 18.456992, "fair_value": 18.218138, "relative_strength": -7.170342, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.436623, "energy": 70.469297, "activity_lines": [ 18.595987, 18.567184, 18.529972, 18.500603 ] }, { "date": "2023-12-01", "close": 18.663578, "volume": 967328, "typical_volume": 375538.0, "trend": 18.468168, "fair_value": 18.22162, "relative_strength": -7.540963, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.121279, "energy": 71.713999, "activity_lines": [ 18.620793, 18.589167, 18.545494, 18.513931 ] }, { "date": "2023-12-08", "close": 18.696183, "volume": 445574, "typical_volume": 380441.0, "trend": 18.480125, "fair_value": 18.225311, "relative_strength": -7.341865, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.067642, "energy": 81.378217, "activity_lines": [ 18.649955, 18.613798, 18.563011, 18.528642 ] }, { "date": "2023-12-15", "close": 18.733444, "volume": 548960, "typical_volume": 383874.75, "trend": 18.49363, "fair_value": 18.229096, "relative_strength": -9.003495, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.104482, "energy": 85.438128, "activity_lines": [ 18.684713, 18.641331, 18.582896, 18.544985 ] }, { "date": "2023-12-22", "close": 18.733444, "volume": 302801, "typical_volume": 381537.8, "trend": 18.507073, "fair_value": 18.23279, "relative_strength": -9.49109, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.276866, "energy": 84.36267, "activity_lines": [ 18.70923, 18.664399, 18.601356, 18.560457 ] }, { "date": "2023-12-29", "close": 18.72411, "volume": 360085, "typical_volume": 389079.05, "trend": 18.519438, "fair_value": 18.23651, "relative_strength": -9.495941, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.172422, "energy": 77.883054, "activity_lines": [ 18.720707, 18.681895, 18.617568, 18.574459 ] }, { "date": "2024-01-05", "close": 18.733444, "volume": 230996, "typical_volume": 390697.9, "trend": 18.531347, "fair_value": 18.240175, "relative_strength": -7.710007, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.528974, "energy": 70.686814, "activity_lines": [ 18.728471, 18.697129, 18.633399, 18.588266 ] }, { "date": "2024-01-12", "close": 18.742779, "volume": 278866, "typical_volume": 387057.05, "trend": 18.543014, "fair_value": 18.24413, "relative_strength": -9.074123, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.958468, "energy": 62.58186, "activity_lines": [ 18.734689, 18.711014, 18.648628, 18.601907 ] }, { "date": "2024-01-19", "close": 18.742779, "volume": 161108, "typical_volume": 386334.4, "trend": 18.554467, "fair_value": 18.247849, "relative_strength": -9.838202, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.849375, "energy": 58.501015, "activity_lines": [ 18.7378, 18.72219, 18.662537, 18.614795 ] }, { "date": "2024-01-26", "close": 18.743731, "volume": 270416, "typical_volume": 392175.9, "trend": 18.564907, "fair_value": 18.251632, "relative_strength": -10.46647, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.605501, "energy": 56.319388, "activity_lines": [ 18.740607, 18.730578, 18.675309, 18.627006 ] }, { "date": "2024-02-02", "close": 18.743731, "volume": 548384, "typical_volume": 408171.05, "trend": 18.575638, "fair_value": 18.255241, "relative_strength": -11.444662, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.088357, "energy": 53.873547, "activity_lines": [ 18.742728, 18.73607, 18.68691, 18.638543 ] }, { "date": "2024-02-09", "close": 18.771791, "volume": 248153, "typical_volume": 410231.65, "trend": 18.587013, "fair_value": 18.259031, "relative_strength": -12.211052, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.003821, "energy": 56.180148, "activity_lines": [ 18.752894, 18.744446, 18.700015, 18.651198 ] }, { "date": "2024-02-16", "close": 18.781144, "volume": 367186, "typical_volume": 418284.85, "trend": 18.598115, "fair_value": 18.263053, "relative_strength": -11.557588, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.451146, "energy": 57.992479, "activity_lines": [ 18.763621, 18.752555, 18.712635, 18.663722 ] }, { "date": "2024-02-23", "close": 18.806427, "volume": 203546, "typical_volume": 420792.35, "trend": 18.610522, "fair_value": 18.267295, "relative_strength": -12.511344, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.246999, "energy": 67.746646, "activity_lines": [ 18.780218, 18.763716, 18.726245, 18.677162 ] }, { "date": "2024-03-01", "close": 18.782995, "volume": 236353, "typical_volume": 414238.7, "trend": 18.621686, "fair_value": 18.27133, "relative_strength": -13.107552, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.582166, "energy": 62.345008, "activity_lines": [ 18.784762, 18.76929, 18.736106, 18.688289 ] }, { "date": "2024-03-08", "close": 18.848604, "volume": 311990, "typical_volume": 396766.6, "trend": 18.634729, "fair_value": 18.275669, "relative_strength": -12.159671, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.688837, "energy": 77.196924, "activity_lines": [ 18.808557, 18.785892, 18.750964, 18.702929 ] }, { "date": "2024-03-15", "close": 18.834545, "volume": 171339, "typical_volume": 386317.25, "trend": 18.648535, "fair_value": 18.279947, "relative_strength": -11.74289, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.408097, "energy": 81.748235, "activity_lines": [ 18.820675, 18.797675, 18.762855, 18.71582 ] }, { "date": "2024-03-22", "close": 18.824234, "volume": 477457, "typical_volume": 394477.9, "trend": 18.66049, "fair_value": 18.28413, "relative_strength": -13.28555, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.754974, "energy": 72.458814, "activity_lines": [ 18.825172, 18.805744, 18.772483, 18.727156 ] }, { "date": "2024-03-29", "close": 18.819537, "volume": 220253, "typical_volume": 372315.15, "trend": 18.671642, "fair_value": 18.288457, "relative_strength": -13.238636, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.090201, "energy": 66.504973, "activity_lines": [ 18.825231, 18.811478, 18.780568, 18.737417 ] }, { "date": "2024-04-05", "close": 18.810144, "volume": 303559, "typical_volume": 344857.3, "trend": 18.682047, "fair_value": 18.292463, "relative_strength": -12.132136, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.034109, "energy": 51.361498, "activity_lines": [ 18.821284, 18.814109, 18.786616, 18.746352 ] }, { "date": "2024-04-12", "close": 18.84302, "volume": 235712, "typical_volume": 344503.3, "trend": 18.693547, "fair_value": 18.296709, "relative_strength": -10.329282, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.429027, "energy": 51.172782, "activity_lines": [ 18.826487, 18.82151, 18.794721, 18.756738 ] }, { "date": "2024-04-19", "close": 18.8356, "volume": 445614, "typical_volume": 318417.6, "trend": 18.705294, "fair_value": 18.300827, "relative_strength": -7.218528, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.014892, "energy": 48.35023, "activity_lines": [ 18.829588, 18.825757, 18.801065, 18.765903 ] }, { "date": "2024-04-26", "close": 18.866525, "volume": 296350, "typical_volume": 310956.4, "trend": 18.718071, "fair_value": 18.305229, "relative_strength": -9.137621, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.006384, "energy": 54.317722, "activity_lines": [ 18.842927, 18.834466, 18.809536, 18.776305 ] }, { "date": "2024-05-03", "close": 18.885354, "volume": 391883, "typical_volume": 303102.55, "trend": 18.731322, "fair_value": 18.309694, "relative_strength": -9.238655, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.664754, "energy": 64.266607, "activity_lines": [ 18.859724, 18.845046, 18.818988, 18.787097 ] }, { "date": "2024-05-10", "close": 18.904183, "volume": 333754, "typical_volume": 304650.2, "trend": 18.744117, "fair_value": 18.314338, "relative_strength": -10.437072, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.061595, "energy": 78.422294, "activity_lines": [ 18.878408, 18.857615, 18.829511, 18.798249 ] }, { "date": "2024-05-17", "close": 18.894768, "volume": 338103, "typical_volume": 303551.1, "trend": 18.757063, "fair_value": 18.318846, "relative_strength": -11.57098, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.692652, "energy": 74.123364, "activity_lines": [ 18.887686, 18.866268, 18.838323, 18.807969 ] }, { "date": "2024-05-24", "close": 18.920165, "volume": 260858, "typical_volume": 305044.2, "trend": 18.768872, "fair_value": 18.32346, "relative_strength": -11.088601, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.35764, "energy": 75.845514, "activity_lines": [ 18.901979, 18.8787, 18.848742, 18.818491 ] }, { "date": "2024-05-31", "close": 18.924883, "volume": 190262, "typical_volume": 300614.0, "trend": 18.779908, "fair_value": 18.32819, "relative_strength": -10.390279, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.771249, "energy": 69.847104, "activity_lines": [ 18.912207, 18.890432, 18.858721, 18.828557 ] }, { "date": "2024-06-07", "close": 18.93432, "volume": 282565, "typical_volume": 306686.85, "trend": 18.791724, "fair_value": 18.332894, "relative_strength": -11.122733, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.907354, "energy": 64.745313, "activity_lines": [ 18.92169, 18.902051, 18.868732, 18.838519 ] }, { "date": "2024-06-14", "close": 18.964894, "volume": 178429, "typical_volume": 302087.5, "trend": 18.804404, "fair_value": 18.337765, "relative_strength": -12.105541, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.549103, "energy": 72.37471, "activity_lines": [ 18.9381, 18.917141, 18.880742, 18.849691 ] }, { "date": "2024-06-21", "close": 18.972066, "volume": 159003, "typical_volume": 282618.45, "trend": 18.816081, "fair_value": 18.342757, "relative_strength": -12.285942, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.851005, "energy": 77.359912, "activity_lines": [ 18.952853, 18.930722, 18.892383, 18.860508 ] }, { "date": "2024-06-28", "close": 18.974829, "volume": 205602, "typical_volume": 280490.9, "trend": 18.826456, "fair_value": 18.347709, "relative_strength": -11.915276, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.154196, "energy": 76.846153, "activity_lines": [ 18.963374, 18.942459, 18.903199, 18.87075 ] }, { "date": "2024-07-05", "close": 19.003206, "volume": 206649, "typical_volume": 272464.05, "trend": 18.83669, "fair_value": 18.352815, "relative_strength": -13.088933, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.199172, "energy": 80.508043, "activity_lines": [ 18.97971, 18.956824, 18.915751, 18.882153 ] }, { "date": "2024-07-12", "close": 19.027138, "volume": 198859, "typical_volume": 272229.7, "trend": 18.84648, "fair_value": 18.358044, "relative_strength": -13.489205, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.281032, "energy": 84.399702, "activity_lines": [ 18.998802, 18.973055, 18.929524, 18.89444 ] }, { "date": "2024-07-19", "close": 19.069419, "volume": 243702, "typical_volume": 272597.15, "trend": 18.857679, "fair_value": 18.363539, "relative_strength": -11.271397, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.861198, "energy": 87.999893, "activity_lines": [ 19.025799, 18.994396, 18.946274, 18.908823 ] }, { "date": "2024-07-26", "close": 19.078902, "volume": 231060, "typical_volume": 268550.65, "trend": 18.869505, "fair_value": 18.369095, "relative_strength": -10.226571, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.490726, "energy": 89.853123, "activity_lines": [ 19.048989, 19.014457, 18.962562, 18.923096 ] }, { "date": "2024-08-02", "close": 19.10991, "volume": 206962, "typical_volume": 270331.8, "trend": 18.882054, "fair_value": 18.374791, "relative_strength": -7.860695, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.474913, "energy": 92.331107, "activity_lines": [ 19.075393, 19.036807, 18.980707, 18.938606 ] }, { "date": "2024-08-09", "close": 19.10735, "volume": 264819, "typical_volume": 259699.9, "trend": 18.894206, "fair_value": 18.380472, "relative_strength": -7.607843, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.256108, "energy": 88.959751, "activity_lines": [ 19.091938, 19.055242, 18.997297, 18.953141 ] }, { "date": "2024-08-16", "close": 19.112281, "volume": 119678, "typical_volume": 254671.15, "trend": 18.906523, "fair_value": 18.386183, "relative_strength": -10.770838, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.406755, "energy": 87.146687, "activity_lines": [ 19.103184, 19.071256, 19.013009, 18.96721 ] }, { "date": "2024-08-23", "close": 19.127275, "volume": 217150, "typical_volume": 250350.7, "trend": 18.919308, "fair_value": 18.392078, "relative_strength": -11.567526, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.993144, "energy": 85.289252, "activity_lines": [ 19.113751, 19.086761, 19.028754, 18.981452 ] }, { "date": "2024-08-30", "close": 19.151042, "volume": 149569, "typical_volume": 246043.55, "trend": 18.932885, "fair_value": 18.398096, "relative_strength": -11.365749, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.138477, "energy": 76.719707, "activity_lines": [ 19.128384, 19.103634, 19.045253, 18.996403 ] }, { "date": "2024-09-06", "close": 19.174048, "volume": 138609, "typical_volume": 230693.3, "trend": 18.946294, "fair_value": 18.404273, "relative_strength": -7.121063, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.148177, "energy": 81.993191, "activity_lines": [ 19.145876, 19.121437, 19.062476, 19.011962 ] }, { "date": "2024-09-13", "close": 19.174808, "volume": 146554, "typical_volume": 223203.5, "trend": 18.959416, "fair_value": 18.410444, "relative_strength": -10.332587, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.531459, "energy": 80.720421, "activity_lines": [ 19.159346, 19.135755, 19.07816, 19.026705 ] }, { "date": "2024-09-20", "close": 19.160548, "volume": 170770, "typical_volume": 212147.85, "trend": 18.97122, "fair_value": 18.416523, "relative_strength": -11.215889, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.860963, "energy": 67.254213, "activity_lines": [ 19.163565, 19.144361, 19.091018, 19.039681 ] }, { "date": "2024-09-27", "close": 19.176722, "volume": 243865, "typical_volume": 207653.4, "trend": 18.984344, "fair_value": 18.422821, "relative_strength": -11.179864, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.092145, "energy": 67.357683, "activity_lines": [ 19.169958, 19.153481, 19.104105, 19.052939 ] }, { "date": "2024-10-04", "close": 19.17472, "volume": 195195, "typical_volume": 200508.0, "trend": 18.995215, "fair_value": 18.42902, "relative_strength": -10.962734, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.164539, "energy": 65.340016, "activity_lines": [ 19.172386, 19.160287, 19.115704, 19.065221 ] }, { "date": "2024-10-11", "close": 19.181487, "volume": 234140, "typical_volume": 199172.1, "trend": 19.006779, "fair_value": 18.435291, "relative_strength": -11.474191, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.849638, "energy": 64.768287, "activity_lines": [ 19.175492, 19.166581, 19.126615, 19.077239 ] }, { "date": "2024-10-18", "close": 19.176722, "volume": 175784, "typical_volume": 198448.2, "trend": 19.018529, "fair_value": 18.44159, "relative_strength": -11.721992, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.749682, "energy": 62.556602, "activity_lines": [ 19.176514, 19.170707, 19.135827, 19.088203 ] }, { "date": "2024-10-25", "close": 19.185533, "volume": 348396, "typical_volume": 201739.75, "trend": 19.030729, "fair_value": 18.447973, "relative_strength": -10.245589, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.830635, "energy": 60.032434, "activity_lines": [ 19.180345, 19.175174, 19.14468, 19.098977 ] }, { "date": "2024-11-01", "close": 19.183431, "volume": 218308, "typical_volume": 203733.7, "trend": 19.043172, "fair_value": 18.454315, "relative_strength": -8.533043, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.29139, "energy": 57.103274, "activity_lines": [ 19.18181, 19.177927, 19.152135, 19.108829 ] }, { "date": "2024-11-08", "close": 19.212289, "volume": 129965, "typical_volume": 202281.8, "trend": 19.055481, "fair_value": 18.460899, "relative_strength": -12.063981, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.936749, "energy": 60.827565, "activity_lines": [ 19.192447, 19.184906, 19.161299, 19.11974 ] }, { "date": "2024-11-15", "close": 19.221654, "volume": 162058, "typical_volume": 200104.6, "trend": 19.068349, "fair_value": 18.467544, "relative_strength": -9.72628, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.147904, "energy": 61.387659, "activity_lines": [ 19.2037, 19.192473, 19.17021, 19.130461 ] }, { "date": "2024-11-22", "close": 19.218725, "volume": 331696, "typical_volume": 206356.95, "trend": 19.080089, "fair_value": 18.474082, "relative_strength": -10.785981, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.538132, "energy": 57.658576, "activity_lines": [ 19.2113, 19.198643, 19.177668, 19.140163 ] }, { "date": "2024-11-29", "close": 19.266628, "volume": 68748, "typical_volume": 199851.4, "trend": 19.092798, "fair_value": 18.480928, "relative_strength": -11.172769, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.247043, "energy": 66.92616, "activity_lines": [ 19.232067, 19.212724, 19.188661, 19.152197 ] }, { "date": "2024-12-06", "close": 19.304951, "volume": 195627, "typical_volume": 197447.65, "trend": 19.106157, "fair_value": 18.487962, "relative_strength": -11.320255, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.346384, "energy": 83.740478, "activity_lines": [ 19.260203, 19.231844, 19.202163, 19.165885 ] }, { "date": "2024-12-13", "close": 19.290292, "volume": 227665, "typical_volume": 197277.9, "trend": 19.119341, "fair_value": 18.494988, "relative_strength": -10.457379, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.74468, "energy": 78.864031, "activity_lines": [ 19.27535, 19.245967, 19.213148, 19.177764 ] }, { "date": "2024-12-20", "close": 19.280976, "volume": 272874, "typical_volume": 200573.5, "trend": 19.131368, "fair_value": 18.501955, "relative_strength": -8.460284, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.723363, "energy": 63.055575, "activity_lines": [ 19.282192, 19.256295, 19.222239, 19.188192 ] }, { "date": "2024-12-27", "close": 19.295383, "volume": 234737, "typical_volume": 199069.4, "trend": 19.143718, "fair_value": 18.508898, "relative_strength": -8.617756, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.555142, "energy": 61.468128, "activity_lines": [ 19.289882, 19.267434, 19.231888, 19.198774 ] }, { "date": "2025-01-03", "close": 19.295383, "volume": 323448, "typical_volume": 209257.9, "trend": 19.155754, "fair_value": 18.516015, "relative_strength": -7.747808, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.774063, "energy": 56.35953, "activity_lines": [ 19.292461, 19.276415, 19.240641, 19.208559 ] }, { "date": "2025-01-10", "close": 19.314592, "volume": 367034, "typical_volume": 216752.1, "trend": 19.16741, "fair_value": 18.523313, "relative_strength": -5.495998, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.608805, "energy": 54.030356, "activity_lines": [ 19.299526, 19.286892, 19.250351, 19.218806 ] }, { "date": "2025-01-17", "close": 19.328998, "volume": 1063999, "typical_volume": 262473.6, "trend": 19.179308, "fair_value": 18.530877, "relative_strength": -7.777446, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.551335, "energy": 54.014861, "activity_lines": [ 19.31075, 19.297603, 19.260542, 19.229231 ] }, { "date": "2025-01-24", "close": 19.338567, "volume": 192957, "typical_volume": 265191.0, "trend": 19.191433, "fair_value": 18.538589, "relative_strength": -8.95217, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.612292, "energy": 53.883116, "activity_lines": [ 19.322583, 19.307932, 19.270796, 19.239506 ] }, { "date": "2025-01-31", "close": 19.357824, "volume": 229169, "typical_volume": 269321.75, "trend": 19.203253, "fair_value": 18.546338, "relative_strength": -7.613008, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.839557, "energy": 55.77286, "activity_lines": [ 19.336997, 19.319636, 19.282101, 19.250241 ] }, { "date": "2025-02-07", "close": 19.377081, "volume": 414164, "typical_volume": 281491.45, "trend": 19.214918, "fair_value": 18.554355, "relative_strength": -7.06791, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.422411, "energy": 60.418225, "activity_lines": [ 19.353666, 19.332313, 19.294369, 19.261456 ] }, { "date": "2025-02-14", "close": 19.381895, "volume": 339912, "typical_volume": 286293.8, "trend": 19.225334, "fair_value": 18.562455, "relative_strength": -8.08586, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.383979, "energy": 61.960619, "activity_lines": [ 19.366494, 19.343857, 19.306064, 19.272228 ] }, { "date": "2025-02-21", "close": 19.41078, "volume": 279878, "typical_volume": 290527.95, "trend": 19.236397, "fair_value": 18.57077, "relative_strength": -6.182633, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.318881, "energy": 70.053907, "activity_lines": [ 19.384463, 19.359253, 19.319533, 19.284193 ] }, { "date": "2025-02-28", "close": 19.391475, "volume": 430671, "typical_volume": 300354.5, "trend": 19.245782, "fair_value": 18.57896, "relative_strength": -5.131517, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.474021, "energy": 67.141146, "activity_lines": [ 19.390544, 19.368949, 19.330039, 19.294198 ] }, { "date": "2025-03-07", "close": 19.41078, "volume": 369759, "typical_volume": 310053.25, "trend": 19.255896, "fair_value": 18.58739, "relative_strength": -1.828522, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.659095, "energy": 64.530036, "activity_lines": [ 19.399534, 19.380146, 19.341384, 19.304843 ] }, { "date": "2025-03-14", "close": 19.420432, "volume": 257488, "typical_volume": 305507.85, "trend": 19.266168, "fair_value": 18.595882, "relative_strength": 0.665733, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.203012, "energy": 64.449655, "activity_lines": [ 19.408211, 19.390999, 19.352534, 19.315458 ] }, { "date": "2025-03-21", "close": 19.401128, "volume": 162068, "typical_volume": 302695.85, "trend": 19.275296, "fair_value": 18.604442, "relative_strength": 0.178081, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.166417, "energy": 58.815057, "activity_lines": [ 19.407563, 19.396069, 19.360726, 19.324165 ] }, { "date": "2025-03-28", "close": 19.430121, "volume": 394927, "typical_volume": 315943.95, "trend": 19.284599, "fair_value": 18.613245, "relative_strength": 1.913802, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.97527, "energy": 56.942388, "activity_lines": [ 19.415297, 19.404838, 19.370643, 19.334154 ] }, { "date": "2025-04-04", "close": 19.497855, "volume": 268752, "typical_volume": 321278.65, "trend": 19.295393, "fair_value": 18.622656, "relative_strength": 12.349864, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.713531, "energy": 73.95159, "activity_lines": [ 19.444319, 19.424082, 19.385974, 19.347912 ] }, { "date": "2025-04-11", "close": 19.381739, "volume": 377044, "typical_volume": 323546.05, "trend": 19.30229, "fair_value": 18.63141, "relative_strength": 5.748585, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.026274, "energy": 42.531699, "activity_lines": [ 19.427544, 19.419319, 19.388931, 19.353483 ] }, { "date": "2025-04-18", "close": 19.396253, "volume": 276396, "typical_volume": 333928.45, "trend": 19.310147, "fair_value": 18.640257, "relative_strength": 7.442464, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.572688, "energy": 37.659045, "activity_lines": [ 19.417544, 19.41676, 19.392493, 19.359545 ] }, { "date": "2025-04-25", "close": 19.444732, "volume": 801696, "typical_volume": 364231.9, "trend": 19.319081, "fair_value": 18.649328, "relative_strength": 3.10307, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.17789, "energy": 39.212228, "activity_lines": [ 19.425315, 19.422667, 19.400056, 19.368228 ] }, { "date": "2025-05-02", "close": 19.449582, "volume": 265086, "typical_volume": 366102.95, "trend": 19.328243, "fair_value": 18.658459, "relative_strength": 0.369607, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.717681, "energy": 33.696012, "activity_lines": [ 19.431795, 19.428312, 19.407415, 19.376647 ] }, { "date": "2025-05-09", "close": 19.493235, "volume": 405888, "typical_volume": 372753.65, "trend": 19.338635, "fair_value": 18.667899, "relative_strength": 1.152247, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.69339, "energy": 46.03311, "activity_lines": [ 19.45153, 19.44119, 19.418172, 19.387292 ] }, { "date": "2025-05-16", "close": 19.498085, "volume": 275844, "typical_volume": 374809.0, "trend": 19.349347, "fair_value": 18.677282, "relative_strength": -3.726643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.31173, "energy": 62.777249, "activity_lines": [ 19.473189, 19.453099, 19.428381, 19.397579 ] }, { "date": "2025-05-23", "close": 19.517534, "volume": 202374, "typical_volume": 368755.3, "trend": 19.360413, "fair_value": 18.686489, "relative_strength": -0.98054, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.954688, "energy": 71.017694, "activity_lines": [ 19.493574, 19.466956, 19.439477, 19.40843 ] }, { "date": "2025-05-30", "close": 19.527259, "volume": 176128, "typical_volume": 359210.0, "trend": 19.371874, "fair_value": 18.6957, "relative_strength": -2.482293, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.632588, "energy": 72.637815, "activity_lines": [ 19.509116, 19.480817, 19.450441, 19.419194 ] }, { "date": "2025-06-06", "close": 19.546708, "volume": 325135, "typical_volume": 322266.8, "trend": 19.383022, "fair_value": 18.705007, "relative_strength": -3.794944, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.017163, "energy": 72.991616, "activity_lines": [ 19.525639, 19.49592, 19.462245, 19.430474 ] }, { "date": "2025-06-13", "close": 19.558378, "volume": 124203, "typical_volume": 318829.1, "trend": 19.394246, "fair_value": 18.714563, "relative_strength": -3.248546, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.553161, "energy": 70.664391, "activity_lines": [ 19.539577, 19.511026, 19.474124, 19.441787 ] }, { "date": "2025-06-20", "close": 19.57102, "volume": 150029, "typical_volume": 314872.1, "trend": 19.405989, "fair_value": 18.724101, "relative_strength": -2.901434, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.094956, "energy": 65.832113, "activity_lines": [ 19.553386, 19.527329, 19.48616, 19.453192 ] }, { "date": "2025-06-27", "close": 19.595356, "volume": 282277, "typical_volume": 308277.75, "trend": 19.416946, "fair_value": 18.733621, "relative_strength": -5.859159, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.471936, "energy": 71.23922, "activity_lines": [ 19.570445, 19.544616, 19.499498, 19.465409 ] }, { "date": "2025-07-04", "close": 19.60803, "volume": 131918, "typical_volume": 297878.05, "trend": 19.427049, "fair_value": 18.743193, "relative_strength": -7.19377, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.212187, "energy": 74.789264, "activity_lines": [ 19.58654, 19.560587, 19.513004, 19.477737 ] }, { "date": "2025-07-11", "close": 19.634352, "volume": 120667, "typical_volume": 289917.5, "trend": 19.438518, "fair_value": 18.752875, "relative_strength": -6.657988, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.124239, "energy": 91.795135, "activity_lines": [ 19.606024, 19.578375, 19.52794, 19.491111 ] }, { "date": "2025-07-18", "close": 19.639226, "volume": 152208, "typical_volume": 275994.35, "trend": 19.450459, "fair_value": 18.76252, "relative_strength": -7.018609, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.542403, "energy": 90.44262, "activity_lines": [ 19.621291, 19.59369, 19.542275, 19.50406 ] }, { "date": "2025-07-25", "close": 19.647989, "volume": 326536, "typical_volume": 273833.2, "trend": 19.462213, "fair_value": 18.772278, "relative_strength": -8.123606, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.867181, "energy": 88.464734, "activity_lines": [ 19.634088, 19.607943, 19.556266, 19.516804 ] }, { "date": "2025-08-01", "close": 19.677307, "volume": 233121, "typical_volume": 272614.85, "trend": 19.474944, "fair_value": 18.782283, "relative_strength": -5.458111, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.830607, "energy": 86.570877, "activity_lines": [ 19.651527, 19.624802, 19.571919, 19.530681 ] }, { "date": "2025-08-08", "close": 19.677307, "volume": 279822, "typical_volume": 278502.55, "trend": 19.487034, "fair_value": 18.792258, "relative_strength": -7.464264, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.832662, "energy": 68.242147, "activity_lines": [ 19.663502, 19.638755, 19.586349, 19.543737 ] }, { "date": "2025-08-15", "close": 19.687079, "volume": 377286, "typical_volume": 277620.5, "trend": 19.49897, "fair_value": 18.802558, "relative_strength": -8.090706, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.620518, "energy": 68.141593, "activity_lines": [ 19.674117, 19.651757, 19.600394, 19.556643 ] }, { "date": "2025-08-22", "close": 19.709603, "volume": 373054, "typical_volume": 282835.6, "trend": 19.511338, "fair_value": 18.812944, "relative_strength": -8.04469, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.330613, "energy": 69.57204, "activity_lines": [ 19.688724, 19.666303, 19.615361, 19.570232 ] }, { "date": "2025-08-29", "close": 19.709603, "volume": 424238, "typical_volume": 285195.3, "trend": 19.523064, "fair_value": 18.823563, "relative_strength": -7.802539, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.171296, "energy": 67.01588, "activity_lines": [ 19.698639, 19.678098, 19.629319, 19.583024 ] }, { "date": "2025-09-05", "close": 19.729195, "volume": 135965, "typical_volume": 278173.75, "trend": 19.534801, "fair_value": 18.834162, "relative_strength": -7.731758, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.671395, "energy": 68.335259, "activity_lines": [ 19.710977, 19.690936, 19.643582, 19.596322 ] }, { "date": "2025-09-12", "close": 19.748787, "volume": 207926, "typical_volume": 248485.25, "trend": 19.547031, "fair_value": 18.844886, "relative_strength": -8.830002, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.995134, "energy": 68.693731, "activity_lines": [ 19.726387, 19.704903, 19.658126, 19.610128 ] }, { "date": "2025-09-19", "close": 19.748787, "volume": 337965, "typical_volume": 252129.2, "trend": 19.558298, "fair_value": 18.855916, "relative_strength": -9.712792, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.748709, "energy": 65.246115, "activity_lines": [ 19.737032, 19.716311, 19.671222, 19.623144 ] }, { "date": "2025-09-26", "close": 19.745849, "volume": 138816, "typical_volume": 238775.6, "trend": 19.57011, "fair_value": 18.867043, "relative_strength": -9.251224, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.466614, "energy": 61.956214, "activity_lines": [ 19.742583, 19.725104, 19.682613, 19.635244 ] }, { "date": "2025-10-03", "close": 19.73603, "volume": 403808, "typical_volume": 245173.8, "trend": 19.580952, "fair_value": 18.877933, "relative_strength": -10.06765, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.241193, "energy": 56.030849, "activity_lines": [ 19.742445, 19.730173, 19.691866, 19.645949 ] }, { "date": "2025-10-10", "close": 19.73603, "volume": 222086, "typical_volume": 246159.4, "trend": 19.591472, "fair_value": 18.888701, "relative_strength": -7.660739, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.802737, "energy": 52.500285, "activity_lines": [ 19.740545, 19.733641, 19.699986, 19.655954 ] }, { "date": "2025-10-17", "close": 19.73603, "volume": 297783, "typical_volume": 252242.15, "trend": 19.602635, "fair_value": 18.89943, "relative_strength": -9.054202, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.503156, "energy": 46.597642, "activity_lines": [ 19.73819, 19.736042, 19.707065, 19.66528 ] }, { "date": "2025-10-24", "close": 19.761604, "volume": 325063, "typical_volume": 252238.55, "trend": 19.613685, "fair_value": 18.910353, "relative_strength": -10.435853, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.679925, "energy": 49.625297, "activity_lines": [ 19.745209, 19.742024, 19.715586, 19.675536 ] }, { "date": "2025-10-31", "close": 19.741921, "volume": 248134, "typical_volume": 258435.1, "trend": 19.62182, "fair_value": 18.921033, "relative_strength": -10.890106, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.029836, "energy": 46.071882, "activity_lines": [ 19.744813, 19.743073, 19.72121, 19.68381 ] }, { "date": "2025-11-07", "close": 19.771445, "volume": 175236, "typical_volume": 259695.45, "trend": 19.634811, "fair_value": 18.931698, "relative_strength": -9.118271, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.78952, "energy": 52.290584, "activity_lines": [ 19.754521, 19.748902, 19.728771, 19.693463 ] }, { "date": "2025-11-14", "close": 19.766525, "volume": 155706, "typical_volume": 253366.9, "trend": 19.647153, "fair_value": 18.942157, "relative_strength": -9.066004, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.474543, "energy": 51.957279, "activity_lines": [ 19.760227, 19.752713, 19.734909, 19.701961 ] }, { "date": "2025-11-21", "close": 19.787192, "volume": 289519, "typical_volume": 261246.95, "trend": 19.658568, "fair_value": 18.952587, "relative_strength": -7.043291, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.718204, "energy": 35.417761, "activity_lines": [ 19.770789, 19.759602, 19.7422, 19.710995 ] }, { "date": "2025-11-28", "close": 19.792124, "volume": 176132, "typical_volume": 264020.2, "trend": 19.669986, "fair_value": 18.962932, "relative_strength": -10.152553, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.487039, "energy": 36.85283, "activity_lines": [ 19.779585, 19.76669, 19.749107, 19.719612 ] }, { "date": "2025-12-05", "close": 19.797056, "volume": 217728, "typical_volume": 267296.2, "trend": 19.680114, "fair_value": 18.973163, "relative_strength": -10.256303, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.26914, "energy": 36.016425, "activity_lines": [ 19.78799, 19.773887, 19.755733, 19.72781 ] }, { "date": "2025-12-12", "close": 19.822702, "volume": 263236, "typical_volume": 264131.2, "trend": 19.690934, "fair_value": 18.983675, "relative_strength": -9.446818, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.125899, "energy": 39.789031, "activity_lines": [ 19.801268, 19.784815, 19.764051, 19.737009 ] }, { "date": "2025-12-19", "close": 19.832589, "volume": 210202, "typical_volume": 262985.25, "trend": 19.701436, "fair_value": 18.994332, "relative_strength": -9.301998, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.107874, "energy": 44.638732, "activity_lines": [ 19.814424, 19.795965, 19.772477, 19.746148 ] }, { "date": "2025-12-26", "close": 19.852362, "volume": 660960, "typical_volume": 282042.15, "trend": 19.712273, "fair_value": 19.004882, "relative_strength": -10.272433, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.046347, "energy": 48.666061, "activity_lines": [ 19.829767, 19.808955, 19.782048, 19.755885 ] }, { "date": "2026-01-02", "close": 19.862249, "volume": 351939, "typical_volume": 280774.8, "trend": 19.722791, "fair_value": 19.015437, "relative_strength": -9.076514, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.798252, "energy": 52.363684, "activity_lines": [ 19.844061, 19.821627, 19.791726, 19.765561 ] }, { "date": "2026-01-09", "close": 19.882022, "volume": 1010372, "typical_volume": 312640.7, "trend": 19.733579, "fair_value": 19.02606, "relative_strength": -10.144208, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.559245, "energy": 54.803764, "activity_lines": [ 19.860271, 19.836064, 19.802453, 19.775834 ] }, { "date": "2026-01-16", "close": 19.901795, "volume": 348305, "typical_volume": 308844.05, "trend": 19.744605, "fair_value": 19.036605, "relative_strength": -9.525851, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.964923, "energy": 56.858129, "activity_lines": [ 19.877408, 19.85155, 19.814243, 19.786687 ] }, { "date": "2026-01-23", "close": 19.917654, "volume": 355309, "typical_volume": 319811.25, "trend": 19.755348, "fair_value": 19.047299, "relative_strength": -8.95381, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.493254, "energy": 59.459458, "activity_lines": [ 19.894558, 19.867548, 19.826628, 19.797851 ] }, { "date": "2026-01-30", "close": 19.937473, "volume": 486505, "typical_volume": 333740.2, "trend": 19.76633, "fair_value": 19.05809, "relative_strength": -9.018508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.679795, "energy": 61.8307, "activity_lines": [ 19.912644, 19.884402, 19.840002, 19.809601 ] }, { "date": "2026-02-06", "close": 19.937473, "volume": 463241, "typical_volume": 340004.0, "trend": 19.776434, "fair_value": 19.068946, "relative_strength": -8.631909, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.182071, "energy": 57.941333, "activity_lines": [ 19.925055, 19.898524, 19.852479, 19.820643 ] }, { "date": "2026-02-13", "close": 19.947382, "volume": 337000, "typical_volume": 349913.2, "trend": 19.786705, "fair_value": 19.079977, "relative_strength": -7.233279, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.44866, "energy": 53.114638, "activity_lines": [ 19.935755, 19.911805, 19.865, 19.831672 ] }, { "date": "2026-02-20", "close": 19.963237, "volume": 156066, "typical_volume": 337526.1, "trend": 19.797214, "fair_value": 19.091144, "relative_strength": -7.981833, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.113331, "energy": 87.908167, "activity_lines": [ 19.947382, 19.925235, 19.878072, 19.843061 ] }, { "date": "2026-02-27", "close": 19.973169, "volume": 203409, "typical_volume": 336592.25, "trend": 19.807076, "fair_value": 19.102141, "relative_strength": -7.25322, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.833012, "energy": 87.821857, "activity_lines": [ 19.958224, 19.937916, 19.891008, 19.854413 ] }, { "date": "2026-03-06", "close": 19.968203, "volume": 698429, "typical_volume": 356624.55, "trend": 19.816772, "fair_value": 19.112929, "relative_strength": -5.143691, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.156438, "energy": 84.860211, "activity_lines": [ 19.963709, 19.947139, 19.902341, 19.864808 ] }, { "date": "2026-03-13", "close": 20.002965, "volume": 603488, "typical_volume": 370545.8, "trend": 19.827302, "fair_value": 19.123764, "relative_strength": -3.251153, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.754599, "energy": 89.688865, "activity_lines": [ 19.978733, 19.960575, 19.91588, 19.876821 ] }, { "date": "2026-03-20", "close": 19.968203, "volume": 373719, "typical_volume": 376825.05, "trend": 19.835922, "fair_value": 19.134371, "relative_strength": -1.406006, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.476657, "energy": 60.404991, "activity_lines": [ 19.977804, 19.965132, 19.924959, 19.885911 ] }, { "date": "2026-03-27", "close": 19.979128, "volume": 293240, "typical_volume": 382725.25, "trend": 19.844906, "fair_value": 19.145047, "relative_strength": 1.141099, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.359571, "energy": 57.369544, "activity_lines": [ 19.979128, 19.970109, 19.934, 19.89515 ] }, { "date": "2026-04-03", "close": 19.979128, "volume": 423085, "typical_volume": 396094.2, "trend": 19.853237, "fair_value": 19.155606, "relative_strength": -1.691714, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.015746, "energy": 53.494556, "activity_lines": [ 19.979393, 19.97368, 19.942053, 19.903809 ] }, { "date": "2026-04-10", "close": 19.99406, "volume": 352706, "typical_volume": 399253.55, "trend": 19.861413, "fair_value": 19.166231, "relative_strength": -4.608196, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.713524, "energy": 51.098501, "activity_lines": [ 19.984238, 19.978848, 19.950515, 19.912895 ] }, { "date": "2026-04-17", "close": 19.99406, "volume": 808378, "typical_volume": 430865.85, "trend": 19.869589, "fair_value": 19.176968, "relative_strength": -8.207856, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.725046, "energy": 49.480885, "activity_lines": [ 19.987359, 19.982987, 19.957993, 19.921453 ] }, { "date": "2026-04-24", "close": 19.950291, "volume": 194566, "typical_volume": 429707.75, "trend": 19.876403, "fair_value": 19.187336, "relative_strength": -8.450075, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.671493, "energy": 35.201058, "activity_lines": [ 19.976484, 19.978139, 19.96034, 19.926659 ] }, { "date": "2026-05-01", "close": 19.955269, "volume": 632189, "typical_volume": 448155.4, "trend": 19.883711, "fair_value": 19.197766, "relative_strength": -8.876835, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.809411, "energy": 28.398768, "activity_lines": [ 19.968462, 19.974144, 19.962431, 19.931747 ] }, { "date": "2026-05-08", "close": 19.965224, "volume": 319387, "typical_volume": 453614.65, "trend": 19.891351, "fair_value": 19.2082, "relative_strength": -10.482962, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.306405, "energy": 22.098948, "activity_lines": [ 19.96535, 19.972103, 19.96484, 19.937006 ] }, { "date": "2026-05-15", "close": 19.960246, "volume": 581269, "typical_volume": 449630.1, "trend": 19.898825, "fair_value": 19.218661, "relative_strength": -10.340149, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.310467, "energy": 19.162721, "activity_lines": [ 19.961505, 19.969302, 19.966143, 19.941451 ] }, { "date": "2026-05-22", "close": 19.985146, "volume": 460293, "typical_volume": 455047.8, "trend": 19.906276, "fair_value": 19.22927, "relative_strength": -10.591276, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.365124, "energy": 21.760026, "activity_lines": [ 19.968214, 19.971172, 19.969303, 19.94702 ] }, { "date": "2026-05-29", "close": 20.000112, "volume": 615337, "typical_volume": 435296.05, "trend": 19.914883, "fair_value": 19.239827, "relative_strength": -11.404479, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.3108, "energy": 33.42841, "activity_lines": [ 19.980507, 19.976088, 19.973304, 19.953074 ] }, { "date": "2026-06-05", "close": 20.020067, "volume": 358962, "typical_volume": 435828.9, "trend": 19.92317, "fair_value": 19.250365, "relative_strength": -8.695424, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.535408, "energy": 43.341271, "activity_lines": [ 19.996129, 19.984052, 19.978642, 19.95986 ] }, { "date": "2026-06-12", "close": 20.040022, "volume": 343769, "typical_volume": 435251.9, "trend": 19.932287, "fair_value": 19.260925, "relative_strength": -8.760742, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.289153, "energy": 66.27395, "activity_lines": [ 20.014083, 19.994899, 19.985318, 19.967399 ] }, { "date": "2026-06-19", "close": 19.99613, "volume": 231872, "typical_volume": 422520.25, "trend": 19.939251, "fair_value": 19.271161, "relative_strength": -9.416374, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.463665, "energy": 60.75923, "activity_lines": [ 20.012421, 19.996659, 19.987231, 19.971518 ] }, { "date": "2026-06-26", "close": 20.016064, "volume": 583656, "typical_volume": 428541.0, "trend": 19.946716, "fair_value": 19.281325, "relative_strength": -6.829647, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.852981, "energy": 52.172898, "activity_lines": [ 20.01501, 20.002006, 19.990763, 19.976474 ] }, { "date": "2026-07-03", "close": 20.021053, "volume": 229128, "typical_volume": 423147.4, "trend": 19.954183, "fair_value": 19.291577, "relative_strength": -8.494365, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.211737, "energy": 40.190289, "activity_lines": [ 20.017201, 20.00786, 19.994397, 19.98127 ] }, { "date": "2026-07-10", "close": 20.041009, "volume": 332928, "typical_volume": 431990.5, "trend": 19.96146, "fair_value": 19.3019, "relative_strength": -9.323278, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.350969, "energy": 40.640493, "activity_lines": [ 20.024649, 20.016056, 19.999579, 19.986871 ] }, { "date": "2026-07-17", "close": 20.045998, "volume": 119969, "typical_volume": 427818.5, "trend": 19.968573, "fair_value": 19.312143, "relative_strength": -7.594423, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.43701, "energy": 43.422878, "activity_lines": [ 20.032363, 20.023599, 20.004867, 19.992325 ] }, { "date": "2026-07-24", "close": 20.05, "volume": 141483, "typical_volume": 399971.2, "trend": 19.975161, "fair_value": 19.322501, "relative_strength": -6.782072, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.018285, "energy": 52.616673, "activity_lines": [ 20.041013, 20.030402, 20.010189, 19.997579 ] }, { "date": "2026-07-31", "close": 20.035, "volume": 278241, "typical_volume": 383708.85, "trend": 19.980919, "fair_value": 19.332673, "relative_strength": -7.545402, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.400847, "energy": 43.846928, "activity_lines": [ 20.041071, 20.032846, 20.013693, 20.001439 ] }, { "date": "2026-08-07", "close": 20.075, "volume": 383525, "typical_volume": 384199.15, "trend": 19.987352, "fair_value": 19.343043, "relative_strength": -10.189985, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.572451, "energy": 47.533979, "activity_lines": [ 20.0532, 20.041656, 20.020854, 20.007509 ] } ], "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." } } }