{ "ticker": { "uuid": "83648068-8aa1-4749-aff7-f02a73b463f7", "symbol": "JULM", "name": "FT Vest U.S. Equity Max Buffer ETF - July", "exchange": "CBOE", "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": 68.835, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 92.941, "architecture_energy": 76.374, "architecture_maturity": 74.549, "architecture_confidence": 73.133, "architecture_tenure": "Established", "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": 6.79, "rotation_up": 67.87, "upward_expansion": 87.67, "deceleration": 65.61, "rotation_down": 26.85, "downward_expansion": 12.0 }, "activity_lines": [ 34.759267, 34.693876, 34.556437, 34.373356 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 34.9159, "trend_reference": 34.150027, "distance_from_trend": 0.022427, "trend_direction": "Improving", "fair_value": 32.605648, "distance_from_fair_value": 0.070854, "fair_value_direction": "Improving", "relative_strength": -7.941751, "relative_strength_direction": "Improving", "price_momentum": 0.033911, "excess_performance": -0.091714, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022427, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011567, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.070854, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.009048, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.079418, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.0035, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.033911, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.307696, "read": "Demand-led" } ], "volume": { "latest": 46793, "relative_activity": 2.526913, "balance": 2.307696, "dry_up": 3.513907, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.003153, "annualized_volatility": 0.023318, "from_high_reference": -0.00069, "from_low_reference": 0.065006 }, "levels": { "trend_reference": 34.150027, "fair_value_reference": 32.605648, "structural_low": 33.3234, "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": 5, "median_return": 0.003777, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.009685, "regime_survival": 0.8, "best_return": 0.007464, "worst_return": -0.013396, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.014419, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.027372, "regime_survival": 1.0, "best_return": 0.015417, "worst_return": 0.01342, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.029044, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.056277, "regime_survival": 1.0, "best_return": 0.029044, "worst_return": 0.029044, "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": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.003735, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.019263, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.021979, "active": true } ], "chart_path": [ { "date": "2024-07-26", "close": 30.3952, "volume": 189814, "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": 30.35, "volume": 207082, "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": 30.4013, "volume": 186409, "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": 30.6801, "volume": 161153, "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": 30.8216, "volume": 25125, "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": 30.83, "volume": 13143, "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": 30.631, "volume": 9951, "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": 30.9143, "volume": 27949, "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": 31.03, "volume": 22066, "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": 31.07, "volume": 7943, "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": 31.07, "volume": 31868, "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": 31.1748, "volume": 28672, "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": 31.2, "volume": 8521, "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": 31.1994, "volume": 6325, "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": 31.1252, "volume": 1800, "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": 31.3602, "volume": 13006, "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": 31.2775, "volume": 50505, "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": 31.3516, "volume": 2634, "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": 31.45, "volume": 2000, "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": 31.52, "volume": 6826, "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": 31.51, "volume": 10268, "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": 31.4094, "volume": 668, "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": 31.5001, "volume": 774, "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": 31.5155, "volume": 1845, "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": 31.4198, "volume": 27734, "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": 31.631, "volume": 3809, "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": 31.74, "volume": 7924, "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": 31.708, "volume": 2766, "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": 31.7202, "volume": 3334, "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": 31.8247, "volume": 9306, "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": 31.71, "volume": 8130, "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": 31.65, "volume": 8797, "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": 31.4957, "volume": 11881, "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": 31.2884, "volume": 6364, "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": 31.3546, "volume": 5718, "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": 31.2548, "volume": 247, "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": 30.4733, "volume": 2937, "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": 31.0026, "volume": 25102, "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": 30.7614, "volume": 3358, "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": 31.1771, "volume": 1114, "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": 31.5306, "volume": 2359, "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": 31.4781, "volume": 2437, "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": 32.0623, "volume": 4559, "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": 31.8235, "volume": 444, "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": 32.0553, "volume": 4692, "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": 32.2283, "volume": 1153, "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": 32.1988, "volume": 85404, "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": 32.2362, "volume": 32212, "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": 32.52, "volume": 15493, "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": 32.585, "volume": 14623, "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": 32.64, "volume": 18567, "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": 32.655, "volume": 65580, "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": 32.7418, "volume": 314411, "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": 32.6547, "volume": 100301, "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": 32.8206, "volume": 100284, "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": 32.8605, "volume": 22322, "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": "2025-08-22", "close": 32.9114, "volume": 27403, "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": "2025-08-29", "close": 32.9539, "volume": 62353, "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": "2025-09-05", "close": 32.997, "volume": 10522, "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": "2025-09-12", "close": 33.0947, "volume": 33334, "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": "2025-09-19", "close": 33.16, "volume": 13686, "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": "2025-09-26", "close": 33.155, "volume": 9360, "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": "2025-10-03", "close": 33.23, "volume": 5522, "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": "2025-10-10", "close": 33.1213, "volume": 12430, "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": "2025-10-17", "close": 33.24, "volume": 14062, "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": "2025-10-24", "close": 33.3532, "volume": 4106, "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": "2025-10-31", "close": 33.3467, "volume": 6607, "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": "2025-11-07", "close": 33.3055, "volume": 6588, "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": "2025-11-14", "close": 33.3, "volume": 11186, "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": "2025-11-21", "close": 33.1949, "volume": 6388, "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": "2025-11-28", "close": 33.4254, "volume": 2106, "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": "2025-12-05", "close": 33.47, "volume": 1628, "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": "2025-12-12", "close": 33.475, "volume": 9378, "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": "2025-12-19", "close": 33.53, "volume": 3946, "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": "2025-12-26", "close": 33.63, "volume": 10230, "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": "2026-01-02", "close": 33.61, "volume": 11185, "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": "2026-01-09", "close": 33.71, "volume": 5210, "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": "2026-01-16", "close": 33.7175, "volume": 1439, "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": "2026-01-23", "close": 33.7155, "volume": 1176, "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": "2026-01-30", "close": 33.735, "volume": 4305, "typical_volume": 7026.9, "trend": 33.225153, "fair_value": 32.068394, "relative_strength": -6.988486, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.741291, "energy": 75.334627, "activity_lines": [ 33.714633, 33.658544, 33.528039, 33.40888 ] }, { "date": "2026-02-06", "close": 33.7707, "volume": 149077, "typical_volume": 13796.45, "trend": 33.262843, "fair_value": 32.08941, "relative_strength": -6.553137, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.516116, "energy": 69.065129, "activity_lines": [ 33.739, 33.689245, 33.56132, 33.444077 ] }, { "date": "2026-02-13", "close": 33.7284, "volume": 5841, "typical_volume": 13620.5, "trend": 33.298623, "fair_value": 32.109398, "relative_strength": -5.33988, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.532599, "energy": 64.479189, "activity_lines": [ 33.738553, 33.705978, 33.587664, 33.474113 ] }, { "date": "2026-02-20", "close": 33.8002, "volume": 14510, "typical_volume": 14069.9, "trend": 33.333903, "fair_value": 32.129769, "relative_strength": -6.041322, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.817648, "energy": 66.965197, "activity_lines": [ 33.760813, 33.731067, 33.618116, 33.506473 ] }, { "date": "2026-02-27", "close": 33.8153, "volume": 38622, "typical_volume": 15379.5, "trend": 33.37259, "fair_value": 32.149835, "relative_strength": -5.367662, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.777677, "energy": 66.638267, "activity_lines": [ 33.782593, 33.752989, 33.647291, 33.537531 ] }, { "date": "2026-03-06", "close": 33.7004, "volume": 10542, "typical_volume": 15203.5, "trend": 33.401917, "fair_value": 32.168076, "relative_strength": -3.594897, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.47791, "energy": 54.77237, "activity_lines": [ 33.75942, 33.748833, 33.662218, 33.55868 ] }, { "date": "2026-03-13", "close": 33.609, "volume": 6889, "typical_volume": 15342.65, "trend": 33.426867, "fair_value": 32.184831, "relative_strength": -2.192722, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.110107, "energy": 38.509924, "activity_lines": [ 33.708087, 33.726778, 33.666248, 33.57204 ] }, { "date": "2026-03-20", "close": 33.4948, "volume": 7335, "typical_volume": 15379.05, "trend": 33.446313, "fair_value": 32.199889, "relative_strength": -0.56943, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.285863, "energy": 17.717771, "activity_lines": [ 33.629467, 33.683978, 33.658184, 33.576423 ] }, { "date": "2026-03-27", "close": 33.3623, "volume": 4357, "typical_volume": 15267.5, "trend": 33.459927, "fair_value": 32.213098, "relative_strength": 1.459577, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.540043, "energy": 30.177183, "activity_lines": [ 33.522253, 33.621, 33.636795, 33.571002 ] }, { "date": "2026-04-03", "close": 33.6155, "volume": 11068, "typical_volume": 15261.6, "trend": 33.480543, "fair_value": 32.228855, "relative_strength": -0.800705, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.665817, "energy": 23.412648, "activity_lines": [ 33.528633, 33.610516, 33.63925, 33.581039 ] }, { "date": "2026-04-10", "close": 33.9202, "volume": 827, "typical_volume": 14983.55, "trend": 33.50806, "fair_value": 32.247648, "relative_strength": -3.064965, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.266109, "energy": 21.404734, "activity_lines": [ 33.6499, 33.657251, 33.669222, 33.609404 ] }, { "date": "2026-04-17", "close": 34.14, "volume": 2777, "typical_volume": 15017.1, "trend": 33.540727, "fair_value": 32.268443, "relative_strength": -6.265717, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 77.809103, "energy": 55.281482, "activity_lines": [ 33.82978, 33.740582, 33.716674, 33.650175 ] }, { "date": "2026-04-24", "close": 34.165, "volume": 26200, "typical_volume": 16245.7, "trend": 33.574393, "fair_value": 32.289058, "relative_strength": -6.365803, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.387476, "energy": 83.82441, "activity_lines": [ 33.982593, 33.821744, 33.763103, 33.69045 ] }, { "date": "2026-05-01", "close": 34.2551, "volume": 2311, "typical_volume": 15892.35, "trend": 33.608563, "fair_value": 32.310198, "relative_strength": -6.686205, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.61564, "energy": 90.814267, "activity_lines": [ 34.12076, 33.911349, 33.814804, 33.734367 ] }, { "date": "2026-05-08", "close": 34.33, "volume": 5298, "typical_volume": 15959.95, "trend": 33.648853, "fair_value": 32.331685, "relative_strength": -8.291727, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.076761, "energy": 92.722648, "activity_lines": [ 34.224373, 34.006302, 33.869924, 33.780911 ] }, { "date": "2026-05-15", "close": 34.365, "volume": 2345, "typical_volume": 15565.7, "trend": 33.686353, "fair_value": 32.353088, "relative_strength": -8.109159, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.933831, "energy": 91.778243, "activity_lines": [ 34.29202, 34.09826, 33.924567, 33.827114 ] }, { "date": "2026-05-22", "close": 34.42, "volume": 3748, "typical_volume": 15193.85, "trend": 33.721913, "fair_value": 32.374619, "relative_strength": -8.432816, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.083545, "energy": 91.444114, "activity_lines": [ 34.348347, 34.188135, 33.980949, 33.874446 ] }, { "date": "2026-05-29", "close": 34.475, "volume": 176, "typical_volume": 14942.15, "trend": 33.759523, "fair_value": 32.396272, "relative_strength": -9.274066, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.433174, "energy": 90.667155, "activity_lines": [ 34.40434, 34.273264, 34.038711, 33.923032 ] }, { "date": "2026-06-05", "close": 34.47, "volume": 11226, "typical_volume": 15431.5, "trend": 33.79834, "fair_value": 32.417433, "relative_strength": -6.684897, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.059143, "energy": 84.951026, "activity_lines": [ 34.438, 34.339662, 34.092354, 33.96887 ] }, { "date": "2026-06-12", "close": 34.5001, "volume": 6252, "typical_volume": 15685.3, "trend": 33.838343, "fair_value": 32.43847, "relative_strength": -6.844623, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.203772, "energy": 80.796534, "activity_lines": [ 34.467367, 34.391393, 34.145281, 34.014145 ] }, { "date": "2026-06-19", "close": 34.55, "volume": 313, "typical_volume": 15485.7, "trend": 33.883513, "fair_value": 32.459585, "relative_strength": -7.263362, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.28799, "energy": 84.47323, "activity_lines": [ 34.502027, 34.436113, 34.199224, 34.060058 ] }, { "date": "2026-06-26", "close": 34.575, "volume": 3718, "typical_volume": 8217.75, "trend": 33.921833, "fair_value": 32.48053, "relative_strength": -4.714704, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.055676, "energy": 84.907514, "activity_lines": [ 34.532687, 34.473927, 34.251667, 34.10467 ] }, { "date": "2026-07-03", "close": 34.635, "volume": 27698, "typical_volume": 9310.6, "trend": 33.960667, "fair_value": 32.501652, "relative_strength": -6.349386, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.325632, "energy": 92.116596, "activity_lines": [ 34.573013, 34.514742, 34.305994, 34.150681 ] }, { "date": "2026-07-10", "close": 34.67, "volume": 1763, "typical_volume": 8673.25, "trend": 34.0005, "fair_value": 32.522704, "relative_strength": -7.266402, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.13542, "energy": 93.530283, "activity_lines": [ 34.61434, 34.553375, 34.359337, 34.196444 ] }, { "date": "2026-07-17", "close": 34.725, "volume": 86517, "typical_volume": 11068.0, "trend": 34.040333, "fair_value": 32.54388, "relative_strength": -5.445988, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.252124, "energy": 94.870591, "activity_lines": [ 34.660667, 34.594464, 34.413777, 34.243186 ] }, { "date": "2026-07-24", "close": 34.6101, "volume": 84768, "typical_volume": 14779.3, "trend": 34.073003, "fair_value": 32.563558, "relative_strength": -5.013434, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.3158, "energy": 86.996029, "activity_lines": [ 34.6537, 34.60748, 34.452941, 34.279945 ] }, { "date": "2026-07-31", "close": 34.7148, "volume": 42202, "typical_volume": 16544.95, "trend": 34.10983, "fair_value": 32.583853, "relative_strength": -5.514708, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.704288, "energy": 70.463015, "activity_lines": [ 34.677627, 34.635076, 34.497746, 34.321351 ] }, { "date": "2026-08-07", "close": 34.9159, "volume": 46793, "typical_volume": 18517.85, "trend": 34.150027, "fair_value": 32.605648, "relative_strength": -7.941751, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.940753, "energy": 76.373865, "activity_lines": [ 34.759267, 34.693876, 34.556437, 34.373356 ] } ], "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." } } }