{ "ticker": { "uuid": "82f5d1c7-b6b6-4683-9803-512662795d94", "symbol": "MGNR", "name": "AMERICAN BEACON SELECT FDS GLG NATURAL RESOURCES 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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 65.161, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -33.507, "architecture_energy": 21.119, "architecture_maturity": 36.785, "architecture_confidence": 53.258, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 48.81, "rotation_up": 23.76, "upward_expansion": 16.17, "deceleration": 63.37, "rotation_down": 38.01, "downward_expansion": 63.84 }, "activity_lines": [ 49.713567, 49.452588, 50.699928, 50.999925 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 51.6327, "trend_reference": 51.103842, "distance_from_trend": 0.010349, "trend_direction": "Improving", "fair_value": 36.367335, "distance_from_fair_value": 0.419755, "fair_value_direction": "Weakening", "relative_strength": -1.009051, "relative_strength_direction": "Weakening", "price_momentum": 0.020556, "excess_performance": -0.105069, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010349, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046322, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.419755, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.122721, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.010091, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.152456, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.020556, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.569766, "read": "Supply-led" } ], "volume": { "latest": 448280, "relative_activity": 0.931719, "balance": 0.569766, "dry_up": 1.012449, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.048952, "annualized_volatility": 0.237259, "from_high_reference": -0.083038, "from_low_reference": 0.540299 }, "levels": { "trend_reference": 51.103842, "fair_value_reference": 36.367335, "structural_low": 47.055, "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": 1, "median_return": 0.069886, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.045633, "regime_survival": 1.0, "best_return": 0.069886, "worst_return": 0.069886, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-03-20", "tenure": "Extended", "return": 0.37506, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.061174, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-03", "tenure": "Developing", "return": -0.102554, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.069886, "active": true } ], "chart_path": [ { "date": "2024-02-09", "close": 23.544927, "volume": 1081776, "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": 24.551097, "volume": 21115, "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": 24.601718, "volume": 11455, "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": 25.193267, "volume": 3979, "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": 25.495137, "volume": 12310, "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": 26.350909, "volume": 8137, "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": 26.799472, "volume": 10649, "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": "2024-03-29", "close": 27.690161, "volume": 6586, "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": "2024-04-05", "close": 28.622114, "volume": 7066, "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": "2024-04-12", "close": 28.447553, "volume": 9541, "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": "2024-04-19", "close": 28.127769, "volume": 26662, "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": "2024-04-26", "close": 29.624005, "volume": 36262, "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": "2024-05-03", "close": 29.42216, "volume": 109615, "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": "2024-05-10", "close": 29.963837, "volume": 234440, "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": "2024-05-17", "close": 31.061957, "volume": 64198, "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": "2024-05-24", "close": 30.726624, "volume": 148829, "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": "2024-05-31", "close": 31.104888, "volume": 233085, "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": "2024-06-07", "close": 29.365244, "volume": 69069, "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": "2024-06-14", "close": 28.770662, "volume": 54010, "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": "2024-06-21", "close": 28.915102, "volume": 246143, "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": "2024-06-28", "close": 29.029912, "volume": 49248, "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": "2024-07-05", "close": 29.840162, "volume": 130763, "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": "2024-07-12", "close": 30.352225, "volume": 34423, "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": "2024-07-19", "close": 28.806532, "volume": 239412, "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": "2024-07-26", "close": 28.352856, "volume": 250803, "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": "2024-08-02", "close": 26.736824, "volume": 100465, "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": "2024-08-09", "close": 26.848896, "volume": 280700, "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": "2024-08-16", "close": 28.248915, "volume": 78975, "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": "2024-08-23", "close": 28.871875, "volume": 29087, "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": "2024-08-30", "close": 28.692697, "volume": 17359, "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": "2024-09-06", "close": 26.515227, "volume": 39233, "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": "2024-09-13", "close": 28.182397, "volume": 64091, "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": "2024-09-20", "close": 29.330841, "volume": 49171, "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": "2024-09-27", "close": 30.108194, "volume": 38656, "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": "2024-10-04", "close": 30.359567, "volume": 23748, "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": "2024-10-11", "close": 30.200904, "volume": 105080, "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": "2024-10-18", "close": 30.332076, "volume": 84933, "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": "2024-10-25", "close": 30.141995, "volume": 108065, "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": "2024-11-01", "close": 29.511467, "volume": 112689, "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": "2024-11-08", "close": 31.200204, "volume": 54932, "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": "2024-11-15", "close": 30.263544, "volume": 88430, "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": "2024-11-22", "close": 32.125279, "volume": 253293, "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": "2024-11-29", "close": 31.908296, "volume": 85835, "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": "2024-12-06", "close": 31.310856, "volume": 162625, "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": "2024-12-13", "close": 30.367127, "volume": 223645, "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": "2024-12-20", "close": 29.044414, "volume": 203776, "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": "2024-12-27", "close": 29.138497, "volume": 60960, "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": "2025-01-03", "close": 29.807897, "volume": 116593, "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": "2025-01-10", "close": 30.254917, "volume": 58230, "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": "2025-01-17", "close": 31.233406, "volume": 164070, "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": "2025-01-24", "close": 31.824452, "volume": 87744, "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": "2025-01-31", "close": 30.987629, "volume": 174112, "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": "2025-02-07", "close": 31.550754, "volume": 310982, "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": "2025-02-14", "close": 31.498846, "volume": 237538, "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": "2025-02-21", "close": 29.935701, "volume": 203348, "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": "2025-02-28", "close": 29.28154, "volume": 232281, "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": "2025-03-07", "close": 28.736307, "volume": 375106, "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": "2025-03-14", "close": 29.719417, "volume": 170254, "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": "2025-03-21", "close": 30.307612, "volume": 260791, "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": "2025-03-28", "close": 29.522795, "volume": 338496, "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": "2025-04-04", "close": 25.453882, "volume": 265258, "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": "2025-04-11", "close": 27.718125, "volume": 210644, "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": "2025-04-18", "close": 28.523031, "volume": 64211, "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": "2025-04-25", "close": 29.26753, "volume": 237190, "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": "2025-05-02", "close": 29.228014, "volume": 85632, "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": "2025-05-09", "close": 30.085444, "volume": 102386, "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": "2025-05-16", "close": 30.28135, "volume": 82776, "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": "2025-05-23", "close": 30.686562, "volume": 60822, "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": "2025-05-30", "close": 30.698289, "volume": 130797, "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": "2025-06-06", "close": 32.016904, "volume": 374477, "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": "2025-06-13", "close": 32.56875, "volume": 97103, "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": "2025-06-20", "close": 32.302682, "volume": 59334, "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": "2025-06-27", "close": 32.598313, "volume": 52113, "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": "2025-07-04", "close": 33.298341, "volume": 75629, "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": "2025-07-11", "close": 33.124284, "volume": 134423, "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": "2025-07-18", "close": 32.816659, "volume": 56674, "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": "2025-07-25", "close": 33.787068, "volume": 187049, "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": "2025-08-01", "close": 32.351947, "volume": 86106, "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": "2025-08-08", "close": 33.977498, "volume": 84665, "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": "2025-08-15", "close": 34.653975, "volume": 71557, "typical_volume": 125942.3, "trend": 30.960123, "fair_value": 29.678754, "relative_strength": 2.953994, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.011386, "energy": 61.392621, "activity_lines": [ 33.7751, 33.424474, 32.463042, 31.652358 ] }, { "date": "2025-08-22", "close": 35.545592, "volume": 184827, "typical_volume": 121920.75, "trend": 31.084161, "fair_value": 29.751184, "relative_strength": 5.177676, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.545445, "energy": 66.439523, "activity_lines": [ 34.451154, 33.860409, 32.870058, 31.948195 ] }, { "date": "2025-08-29", "close": 36.215421, "volume": 75143, "typical_volume": 115145.7, "trend": 31.258421, "fair_value": 29.830016, "relative_strength": 7.021745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.340267, "energy": 91.547762, "activity_lines": [ 35.168556, 34.364006, 33.29281, 32.279244 ] }, { "date": "2025-09-05", "close": 36.856175, "volume": 46038, "typical_volume": 114237.05, "trend": 31.435268, "fair_value": 29.914669, "relative_strength": 8.258449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.450669, "energy": 93.109961, "activity_lines": [ 35.937652, 34.912963, 33.736124, 32.640389 ] }, { "date": "2025-09-12", "close": 38.334065, "volume": 197374, "typical_volume": 112246.25, "trend": 31.663109, "fair_value": 30.014899, "relative_strength": 10.552758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.08748, "energy": 95.85108, "activity_lines": [ 36.899096, 35.653212, 34.280507, 33.085473 ] }, { "date": "2025-09-19", "close": 38.701231, "volume": 142957, "typical_volume": 115112.5, "trend": 31.955293, "fair_value": 30.117092, "relative_strength": 10.006902, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.611369, "energy": 94.528605, "activity_lines": [ 37.692492, 36.36866, 34.816685, 33.539545 ] }, { "date": "2025-09-26", "close": 39.43586, "volume": 1230589, "typical_volume": 171522.65, "trend": 32.293771, "fair_value": 30.225449, "relative_strength": 12.158614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.085468, "energy": 94.255823, "activity_lines": [ 38.460946, 37.116278, 35.377716, 34.022162 ] }, { "date": "2025-10-03", "close": 40.540134, "volume": 196975, "typical_volume": 177232.6, "trend": 32.687232, "fair_value": 30.344009, "relative_strength": 13.739794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.647203, "energy": 94.767899, "activity_lines": [ 39.338141, 37.944323, 35.999391, 34.554186 ] }, { "date": "2025-10-10", "close": 39.510337, "volume": 182160, "typical_volume": 183299.5, "trend": 33.013596, "fair_value": 30.448172, "relative_strength": 13.281252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.2088, "energy": 77.863552, "activity_lines": [ 39.583755, 38.46235, 36.474139, 34.994386 ] }, { "date": "2025-10-17", "close": 40.508133, "volume": 169025, "typical_volume": 185210.9, "trend": 33.353613, "fair_value": 30.561205, "relative_strength": 13.807964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.959216, "energy": 70.233632, "activity_lines": [ 39.985024, 39.031642, 37.001897, 35.477905 ] }, { "date": "2025-10-24", "close": 40.667144, "volume": 131446, "typical_volume": 173059.35, "trend": 33.725091, "fair_value": 30.673493, "relative_strength": 11.789747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.03994, "energy": 68.448969, "activity_lines": [ 40.294359, 39.511106, 37.498085, 35.949745 ] }, { "date": "2025-10-31", "close": 40.368998, "volume": 90412, "typical_volume": 172724.8, "trend": 34.222262, "fair_value": 30.780037, "relative_strength": 9.916816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.488863, "energy": 64.498539, "activity_lines": [ 40.373252, 39.827031, 37.924686, 36.378384 ] }, { "date": "2025-11-07", "close": 40.408751, "volume": 104290, "typical_volume": 174972.6, "trend": 34.645283, "fair_value": 30.884697, "relative_strength": 11.547384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.078925, "energy": 63.535477, "activity_lines": [ 40.403185, 40.062486, 38.31793, 36.777513 ] }, { "date": "2025-11-14", "close": 41.01836, "volume": 74651, "typical_volume": 176099.5, "trend": 35.061794, "fair_value": 30.993661, "relative_strength": 12.716971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.68261, "energy": 62.635015, "activity_lines": [ 40.645081, 40.332536, 38.730631, 37.188679 ] }, { "date": "2025-11-21", "close": 39.564003, "volume": 424116, "typical_volume": 193523.85, "trend": 35.405009, "fair_value": 31.084835, "relative_strength": 10.635068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.426188, "energy": 51.483047, "activity_lines": [ 40.301657, 40.262482, 38.964727, 37.479144 ] }, { "date": "2025-11-28", "close": 43.173659, "volume": 71490, "typical_volume": 190377.2, "trend": 35.869864, "fair_value": 31.212086, "relative_strength": 16.031563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.120783, "energy": 61.51276, "activity_lines": [ 41.224392, 40.826366, 39.512763, 37.980347 ] }, { "date": "2025-12-05", "close": 43.449842, "volume": 600618, "typical_volume": 217574.4, "trend": 36.315344, "fair_value": 31.339563, "relative_strength": 15.922382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.581726, "energy": 64.001563, "activity_lines": [ 42.072088, 41.359149, 40.039248, 38.469378 ] }, { "date": "2025-12-12", "close": 43.698297, "volume": 194529, "typical_volume": 217948.4, "trend": 36.762576, "fair_value": 31.466972, "relative_strength": 16.714131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.826866, "energy": 65.508172, "activity_lines": [ 42.797213, 41.864123, 40.538761, 38.945698 ] }, { "date": "2025-12-19", "close": 43.488601, "volume": 315703, "typical_volume": 229428.25, "trend": 37.18931, "fair_value": 31.589642, "relative_strength": 15.441942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.676564, "energy": 75.761687, "activity_lines": [ 43.233136, 42.27355, 40.971107, 39.379635 ] }, { "date": "2025-12-26", "close": 44.773973, "volume": 165876, "typical_volume": 233488.8, "trend": 37.6585, "fair_value": 31.722817, "relative_strength": 16.560223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.481971, "energy": 79.453568, "activity_lines": [ 43.932834, 42.844349, 41.472837, 39.868968 ] }, { "date": "2026-01-02", "close": 44.600179, "volume": 96678, "typical_volume": 234744.85, "trend": 38.077942, "fair_value": 31.851591, "relative_strength": 16.742739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.074099, "energy": 69.958108, "activity_lines": [ 44.227268, 43.305989, 41.906604, 40.316818 ] }, { "date": "2026-01-09", "close": 45.846551, "volume": 296440, "typical_volume": 240325.5, "trend": 38.520536, "fair_value": 31.990155, "relative_strength": 17.581761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.156984, "energy": 74.475929, "activity_lines": [ 44.842059, 43.922731, 42.41171, 40.818019 ] }, { "date": "2026-01-16", "close": 47.666254, "volume": 654575, "typical_volume": 269297.1, "trend": 39.032655, "fair_value": 32.143842, "relative_strength": 22.004885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.50866, "energy": 89.64504, "activity_lines": [ 45.903637, 44.770737, 43.041069, 41.408065 ] }, { "date": "2026-01-23", "close": 50.871923, "volume": 868191, "typical_volume": 310404.75, "trend": 39.641775, "fair_value": 32.325668, "relative_strength": 29.748011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.426767, "energy": 96.424073, "activity_lines": [ 47.769241, 46.069637, 43.921202, 42.171889 ] }, { "date": "2026-01-30", "close": 48.837844, "volume": 811977, "typical_volume": 341134.9, "trend": 40.159759, "fair_value": 32.484439, "relative_strength": 23.296428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.519466, "energy": 87.497696, "activity_lines": [ 48.464597, 46.819549, 44.540871, 42.765184 ] }, { "date": "2026-02-06", "close": 50.592736, "volume": 443418, "typical_volume": 356157.95, "trend": 40.74204, "fair_value": 32.656899, "relative_strength": 27.11708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.039334, "energy": 89.211539, "activity_lines": [ 49.473992, 47.719917, 45.277655, 43.438279 ] }, { "date": "2026-02-13", "close": 51.809195, "volume": 2200452, "typical_volume": 404651.1, "trend": 41.375125, "fair_value": 32.837581, "relative_strength": 30.831285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.512594, "energy": 84.080787, "activity_lines": [ 50.48937, 48.706567, 46.073666, 44.152289 ] }, { "date": "2026-02-20", "close": 52.527105, "volume": 308700, "typical_volume": 410237.35, "trend": 41.999793, "fair_value": 33.021595, "relative_strength": 30.059644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.757002, "energy": 71.592417, "activity_lines": [ 51.346542, 49.671758, 46.879129, 44.871771 ] }, { "date": "2026-02-27", "close": 54.232142, "volume": 858619, "typical_volume": 444060.3, "trend": 42.729133, "fair_value": 33.217989, "relative_strength": 33.673441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.662746, "energy": 87.290506, "activity_lines": [ 52.448002, 50.786432, 47.789895, 45.660955 ] }, { "date": "2026-03-06", "close": 50.014419, "volume": 483248, "typical_volume": 459771.45, "trend": 43.263697, "fair_value": 33.372085, "relative_strength": 24.802721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.019161, "energy": 65.649848, "activity_lines": [ 51.91954, 50.93891, 48.22887, 46.130974 ] }, { "date": "2026-03-13", "close": 49.899753, "volume": 441286, "typical_volume": 475263.45, "trend": 43.771889, "fair_value": 33.522336, "relative_strength": 25.525783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.633957, "energy": 57.684559, "activity_lines": [ 51.274418, 50.975259, 48.611656, 46.559106 ] }, { "date": "2026-03-20", "close": 47.651298, "volume": 415071, "typical_volume": 491496.4, "trend": 44.175413, "fair_value": 33.649624, "relative_strength": 21.326177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.775474, "energy": 37.278722, "activity_lines": [ 49.92601, 50.506442, 48.736339, 46.809391 ] }, { "date": "2026-03-27", "close": 50.265089, "volume": 551230, "typical_volume": 513843.4, "trend": 44.643735, "fair_value": 33.797976, "relative_strength": 29.850991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.468814, "energy": 24.65721, "activity_lines": [ 49.726058, 50.480046, 49.075277, 47.202273 ] }, { "date": "2026-04-03", "close": 51.67, "volume": 277071, "typical_volume": 523964.4, "trend": 45.137529, "fair_value": 33.956136, "relative_strength": 27.933965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.018483, "energy": 27.743208, "activity_lines": [ 50.145212, 50.661836, 49.50108, 47.655581 ] }, { "date": "2026-04-10", "close": 53.2167, "volume": 666912, "typical_volume": 536104.2, "trend": 45.633617, "fair_value": 34.125088, "relative_strength": 26.164124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.948077, "energy": 40.170826, "activity_lines": [ 51.250741, 51.110335, 50.023467, 48.176817 ] }, { "date": "2026-04-17", "close": 53.34, "volume": 344245, "typical_volume": 549741.95, "trend": 46.121576, "fair_value": 34.292174, "relative_strength": 20.236832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.282472, "energy": 49.44327, "activity_lines": [ 52.183885, 51.501636, 50.492583, 48.674003 ] }, { "date": "2026-04-24", "close": 53.8138, "volume": 1195451, "typical_volume": 579483.6, "trend": 46.600841, "fair_value": 34.460464, "relative_strength": 19.861671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.957776, "energy": 62.953575, "activity_lines": [ 53.045613, 51.929132, 50.958412, 49.170276 ] }, { "date": "2026-05-01", "close": 53.721268, "volume": 552122, "typical_volume": 597363.25, "trend": 47.040212, "fair_value": 34.625087, "relative_strength": 17.735548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.822281, "energy": 69.939611, "activity_lines": [ 53.465663, 52.303357, 51.366076, 49.629658 ] }, { "date": "2026-05-08", "close": 53.657138, "volume": 444286, "typical_volume": 603792.4, "trend": 47.511772, "fair_value": 34.786375, "relative_strength": 14.236527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.34063, "energy": 66.972287, "activity_lines": [ 53.633924, 52.64421, 51.719905, 50.056557 ] }, { "date": "2026-05-15", "close": 53.311715, "volume": 467012, "typical_volume": 618849.2, "trend": 47.938558, "fair_value": 34.94205, "relative_strength": 12.563592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.273406, "energy": 51.206753, "activity_lines": [ 53.554569, 52.932714, 51.992414, 50.430747 ] }, { "date": "2026-05-22", "close": 53.181857, "volume": 456522, "typical_volume": 636841.4, "trend": 48.355715, "fair_value": 35.094049, "relative_strength": 10.725951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.005191, "energy": 42.992121, "activity_lines": [ 53.425593, 53.137656, 52.2119, 50.769024 ] }, { "date": "2026-05-29", "close": 54.939935, "volume": 645379, "typical_volume": 654288.35, "trend": 48.841413, "fair_value": 35.258064, "relative_strength": 12.079883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.760431, "energy": 47.206015, "activity_lines": [ 53.893186, 53.602574, 52.557956, 51.193812 ] }, { "date": "2026-06-05", "close": 51.933222, "volume": 348408, "typical_volume": 638980.0, "trend": 49.225562, "fair_value": 35.394746, "relative_strength": 8.140154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.818214, "energy": 31.039614, "activity_lines": [ 53.283466, 53.388296, 52.574358, 51.393284 ] }, { "date": "2026-06-12", "close": 52.442665, "volume": 217821, "typical_volume": 606461.5, "trend": 49.606372, "fair_value": 35.533347, "relative_strength": 8.087144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.091381, "energy": 24.850925, "activity_lines": [ 52.962763, 53.236314, 52.618958, 51.600839 ] }, { "date": "2026-06-19", "close": 50.994249, "volume": 300479, "typical_volume": 580886.6, "trend": 49.98738, "fair_value": 35.658032, "relative_strength": 3.728554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.36153, "energy": 13.337832, "activity_lines": [ 52.24022, 52.806936, 52.518135, 51.690379 ] }, { "date": "2026-06-26", "close": 48.237263, "volume": 406801, "typical_volume": 579055.75, "trend": 50.156167, "fair_value": 35.758665, "relative_strength": 0.141892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -16.683746, "energy": 26.250844, "activity_lines": [ 50.753179, 51.916695, 52.144473, 51.577469 ] }, { "date": "2026-07-03", "close": 48.295, "volume": 388897, "typical_volume": 488478.0, "trend": 50.317672, "fair_value": 35.85816, "relative_strength": -2.177275, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -34.990748, "energy": 47.909839, "activity_lines": [ 49.615023, 51.12973, 51.787526, 51.457393 ] }, { "date": "2026-07-10", "close": 48.26, "volume": 411518, "typical_volume": 493618.9, "trend": 50.469729, "fair_value": 35.955812, "relative_strength": -3.850112, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.090983, "energy": 60.238574, "activity_lines": [ 48.908197, 50.436742, 51.443981, 51.32464 ] }, { "date": "2026-07-17", "close": 47.79, "volume": 665867, "typical_volume": 483981.3, "trend": 50.613109, "fair_value": 36.048267, "relative_strength": -3.611468, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.410786, "energy": 67.185134, "activity_lines": [ 48.289585, 49.757596, 51.075992, 51.151755 ] }, { "date": "2026-07-24", "close": 49.54, "volume": 329063, "typical_volume": 476272.05, "trend": 50.771977, "fair_value": 36.152854, "relative_strength": 0.120217, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.452015, "energy": 55.57457, "activity_lines": [ 48.564484, 49.503307, 50.905348, 51.082522 ] }, { "date": "2026-07-31", "close": 48.77, "volume": 505277, "typical_volume": 479471.6, "trend": 50.910971, "fair_value": 36.249909, "relative_strength": -2.858248, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.837983, "energy": 33.412665, "activity_lines": [ 48.679667, 49.177594, 50.663629, 50.953362 ] }, { "date": "2026-08-07", "close": 51.6327, "volume": 448280, "typical_volume": 481132.05, "trend": 51.103842, "fair_value": 36.367335, "relative_strength": -1.009051, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -33.507489, "energy": 21.118875, "activity_lines": [ 49.713567, 49.452588, 50.699928, 50.999925 ] } ], "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." } } }