{
  "ticker": {
    "uuid": "84157979-b7d6-41fd-8826-5661cb8c8ea3",
    "symbol": "UESG",
    "name": "Amundi MSCI USA ESG Selection Extra UCITS ETF DR - USD (D)",
    "exchange": "MIL",
    "country": "IT",
    "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": "FTSEMIB.MI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 82.894,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.017,
    "architecture_energy": 66.937,
    "architecture_maturity": 78.831,
    "architecture_confidence": 58.014,
    "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": 16.23,
        "rotation_up": 53.92,
        "upward_expansion": 82.62,
        "deceleration": 71.16,
        "rotation_down": 28.69,
        "downward_expansion": 11.62
      },
      "activity_lines": [
        52.433333,
        52.164364,
        51.402143,
        50.190942
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 53.849998,
    "trend_reference": 48.839185,
    "distance_from_trend": 0.102598,
    "trend_direction": "Improving",
    "fair_value": 43.410295,
    "distance_from_fair_value": 0.240489,
    "fair_value_direction": "Improving",
    "relative_strength": -2.820094,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.16569,
    "excess_performance": -0.005202,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.102598,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.037279,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.240489,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.060883,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028201,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.003373,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.16569,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.372278,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4285,
      "relative_activity": 0.141741,
      "balance": 0.372278,
      "dry_up": 3.224585,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.019549,
      "annualized_volatility": 0.136008,
      "from_high_reference": -0.008835,
      "from_low_reference": 0.243218
    },
    "levels": {
      "trend_reference": 48.839185,
      "fair_value_reference": 43.410295,
      "structural_low": 43.314999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.021805,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.004325,
        "regime_survival": 0.9,
        "best_return": 0.031164,
        "worst_return": -0.04939,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.020907,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.037284,
        "regime_survival": 0.5,
        "best_return": 0.062979,
        "worst_return": -0.021166,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.04048,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.078346,
        "regime_survival": 0.0,
        "best_return": 0.04048,
        "worst_return": 0.04048,
        "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": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.0271,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.015278,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": 0.038324,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.038486,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.029537,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.063358,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-01",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.03135,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.05258,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-12-29",
        "close": 34.108547,
        "volume": 31334,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 34.049534,
        "volume": 59343,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 34.72826,
        "volume": 53376,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 35.288948,
        "volume": 50610,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 36.007023,
        "volume": 39405,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 36.321793,
        "volume": 44242,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 37.089054,
        "volume": 32836,
        "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": 37.164646,
        "volume": 39660,
        "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": 37.543732,
        "volume": 51226,
        "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": 37.711113,
        "volume": 50252,
        "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": 37.789886,
        "volume": 36930,
        "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": 37.627422,
        "volume": 20118,
        "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": 38.946819,
        "volume": 28126,
        "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": 39.040359,
        "volume": 22272,
        "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": 38.232971,
        "volume": 33680,
        "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": 38.612049,
        "volume": 22023,
        "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": 37.233574,
        "volume": 57013,
        "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": 38.232971,
        "volume": 32704,
        "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": 37.853886,
        "volume": 28591,
        "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": 38.577587,
        "volume": 25460,
        "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": 38.858204,
        "volume": 33479,
        "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": 39.178211,
        "volume": 22128,
        "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": 38.449585,
        "volume": 30908,
        "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": 39.773907,
        "volume": 26101,
        "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": 40.699451,
        "volume": 20671,
        "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": 41.132687,
        "volume": 59753,
        "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": 41.211456,
        "volume": 42006,
        "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": 41.137611,
        "volume": 22535,
        "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": 41.610229,
        "volume": 55240,
        "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": 40.546837,
        "volume": 125487,
        "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": 40.128372,
        "volume": 78375,
        "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": 38.680973,
        "volume": 39745,
        "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": 38.666203,
        "volume": 69331,
        "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": 40.17268,
        "volume": 68319,
        "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": 40.236683,
        "volume": 15969,
        "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": 40.2416,
        "volume": 5786,
        "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": 38.671127,
        "volume": 9066,
        "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": 40.591145,
        "volume": 46675,
        "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": 40.660065,
        "volume": 16685,
        "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": 41.206532,
        "volume": 10247,
        "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": 41.452686,
        "volume": 15927,
        "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": 42.235466,
        "volume": 112349,
        "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": 43.023167,
        "volume": 8015,
        "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": 43.289017,
        "volume": 30367,
        "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": 42.624393,
        "volume": 17347,
        "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": 45.085953,
        "volume": 2776,
        "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": 44.879185,
        "volume": 9656,
        "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": 46.114883,
        "volume": 17494,
        "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": 45.696419,
        "volume": 3290,
        "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": 46.242886,
        "volume": 12247,
        "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": 46.164116,
        "volume": 11054,
        "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": 45.593037,
        "volume": 3596,
        "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": 45.612728,
        "volume": 1240,
        "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": 45.91304,
        "volume": 499,
        "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": 45.332111,
        "volume": 13825,
        "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": 46.700741,
        "volume": 27841,
        "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": 46.646584,
        "volume": 20803,
        "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": 46.351196,
        "volume": 109656,
        "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": 45.716118,
        "volume": 22667,
        "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": 45.312389,
        "volume": 8290,
        "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": 45.649876,
        "volume": 13877,
        "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": 43.858223,
        "volume": 17122,
        "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": 40.810928,
        "volume": 12783,
        "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": 40.448627,
        "volume": 18655,
        "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": 40.756336,
        "volume": 18319,
        "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": 40.205441,
        "volume": 8751,
        "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": 37.252438,
        "volume": 15046,
        "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": 36.542725,
        "volume": 71292,
        "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": 36.373985,
        "volume": 10970,
        "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": 37.699112,
        "volume": 14434,
        "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": 39.446098,
        "volume": 17544,
        "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": 39.748837,
        "volume": 14932,
        "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": 42.423908,
        "volume": 23706,
        "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": 40.935005,
        "volume": 8035,
        "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": 41.629822,
        "volume": 16648,
        "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": 41.967308,
        "volume": 74631,
        "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": 41.37175,
        "volume": 17370,
        "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": 41.282413,
        "volume": 6613,
        "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": 42.071533,
        "volume": 10261,
        "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": 42.121166,
        "volume": 7231,
        "typical_volume": 19911.0,
        "trend": 42.39792,
        "fair_value": 40.707442,
        "relative_strength": -9.729179,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": 3.076074,
        "energy": 20.752363,
        "activity_lines": [
          41.830001,
          41.629554,
          40.665132,
          41.273641
        ]
      },
      {
        "date": "2025-07-11",
        "close": 42.65221,
        "volume": 163994,
        "typical_volume": 27416.85,
        "trend": 42.280856,
        "fair_value": 40.731452,
        "relative_strength": -9.425474,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": 12.015267,
        "energy": 35.869016,
        "activity_lines": [
          42.126459,
          41.87545,
          40.857745,
          41.290047
        ]
      },
      {
        "date": "2025-07-18",
        "close": 43.262657,
        "volume": 20716,
        "typical_volume": 27596.55,
        "trend": 42.203177,
        "fair_value": 40.76232,
        "relative_strength": -8.494955,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": 36.607206,
        "energy": 55.335693,
        "activity_lines": [
          42.58074,
          42.174043,
          41.12277,
          41.353389
        ]
      },
      {
        "date": "2025-07-25",
        "close": 43.530663,
        "volume": 11920,
        "typical_volume": 27553.4,
        "trend": 42.133775,
        "fair_value": 40.795674,
        "relative_strength": -8.687463,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 39.242142,
        "energy": 63.186865,
        "activity_lines": [
          42.998296,
          42.457477,
          41.416155,
          41.439033
        ]
      },
      {
        "date": "2025-08-01",
        "close": 43.376808,
        "volume": 7997,
        "typical_volume": 27020.5,
        "trend": 42.049234,
        "fair_value": 40.826401,
        "relative_strength": -7.040065,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.446228,
        "energy": 65.699529,
        "activity_lines": [
          43.214683,
          42.692814,
          41.681937,
          41.519229
        ]
      },
      {
        "date": "2025-08-08",
        "close": 43.858223,
        "volume": 19612,
        "typical_volume": 27085.15,
        "trend": 42.000104,
        "fair_value": 40.86207,
        "relative_strength": -9.561674,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.949027,
        "energy": 68.861978,
        "activity_lines": [
          43.504524,
          42.971285,
          41.979624,
          41.635938
        ]
      },
      {
        "date": "2025-08-15",
        "close": 44.235409,
        "volume": 2371,
        "typical_volume": 26766.15,
        "trend": 41.917926,
        "fair_value": 40.901295,
        "relative_strength": -10.723128,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.093142,
        "energy": 76.927114,
        "activity_lines": [
          43.80429,
          43.277819,
          42.298462,
          41.780151
        ]
      },
      {
        "date": "2025-08-22",
        "close": 44.195709,
        "volume": 9658,
        "typical_volume": 26496.75,
        "trend": 41.83623,
        "fair_value": 40.939162,
        "relative_strength": -11.898618,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 73.381089,
        "energy": 85.888824,
        "activity_lines": [
          43.985275,
          43.535896,
          42.594329,
          41.927105
        ]
      },
      {
        "date": "2025-08-29",
        "close": 44.051781,
        "volume": 5109,
        "typical_volume": 23187.6,
        "trend": 41.759583,
        "fair_value": 40.974532,
        "relative_strength": -9.677092,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.684697,
        "energy": 83.987217,
        "activity_lines": [
          44.056081,
          43.71646,
          42.843426,
          42.070044
        ]
      },
      {
        "date": "2025-09-05",
        "close": 43.749035,
        "volume": 2807,
        "typical_volume": 22779.45,
        "trend": 41.694014,
        "fair_value": 41.005706,
        "relative_strength": -8.863147,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.600615,
        "energy": 80.011614,
        "activity_lines": [
          43.991231,
          43.791627,
          43.027932,
          42.198395
        ]
      },
      {
        "date": "2025-09-12",
        "close": 44.796234,
        "volume": 7197,
        "typical_volume": 22417.6,
        "trend": 41.676809,
        "fair_value": 41.047823,
        "relative_strength": -8.542817,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.511231,
        "energy": 76.468168,
        "activity_lines": [
          44.250632,
          44.026694,
          43.277052,
          42.398539
        ]
      },
      {
        "date": "2025-09-19",
        "close": 45.059273,
        "volume": 12285,
        "typical_volume": 22154.65,
        "trend": 41.657122,
        "fair_value": 41.091905,
        "relative_strength": -7.23746,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.469862,
        "energy": 68.934972,
        "activity_lines": [
          44.535178,
          44.260949,
          43.517428,
          42.616762
        ]
      },
      {
        "date": "2025-09-26",
        "close": 45.069199,
        "volume": 7495,
        "typical_volume": 21782.8,
        "trend": 41.697488,
        "fair_value": 41.135137,
        "relative_strength": -7.743155,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.600141,
        "energy": 66.754888,
        "activity_lines": [
          44.768109,
          44.453243,
          43.732019,
          42.836896
        ]
      },
      {
        "date": "2025-10-03",
        "close": 45.878174,
        "volume": 9770,
        "typical_volume": 21086.0,
        "trend": 41.866396,
        "fair_value": 41.186137,
        "relative_strength": -7.145589,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.108522,
        "energy": 82.782927,
        "activity_lines": [
          45.212466,
          44.759778,
          43.998321,
          43.106618
        ]
      },
      {
        "date": "2025-10-10",
        "close": 45.729282,
        "volume": 143017,
        "typical_volume": 27835.1,
        "trend": 42.042418,
        "fair_value": 41.234468,
        "relative_strength": -4.552934,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.303248,
        "energy": 78.636888,
        "activity_lines": [
          45.485432,
          44.996559,
          44.233994,
          43.355836
        ]
      },
      {
        "date": "2025-10-17",
        "close": 45.431499,
        "volume": 12331,
        "typical_volume": 27619.25,
        "trend": 42.198257,
        "fair_value": 41.278648,
        "relative_strength": -4.29927,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.553379,
        "energy": 64.923027,
        "activity_lines": [
          45.527121,
          45.136426,
          44.418476,
          43.574487
        ]
      },
      {
        "date": "2025-10-24",
        "close": 46.265289,
        "volume": 28027,
        "typical_volume": 25289.05,
        "trend": 42.400251,
        "fair_value": 41.330592,
        "relative_strength": -3.961874,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.181044,
        "energy": 68.180716,
        "activity_lines": [
          45.804389,
          45.399286,
          44.664264,
          43.836876
        ]
      },
      {
        "date": "2025-10-31",
        "close": 47.575523,
        "volume": 17923,
        "typical_volume": 25316.7,
        "trend": 42.744354,
        "fair_value": 41.394973,
        "relative_strength": -2.605518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.815056,
        "energy": 76.248989,
        "activity_lines": [
          46.438,
          45.863463,
          45.01437,
          44.170764
        ]
      },
      {
        "date": "2025-11-07",
        "close": 45.744167,
        "volume": 4940,
        "typical_volume": 25233.05,
        "trend": 43.051069,
        "fair_value": 41.439352,
        "relative_strength": -5.363722,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.533636,
        "energy": 61.070257,
        "activity_lines": [
          46.294072,
          45.933216,
          45.160519,
          44.364301
        ]
      },
      {
        "date": "2025-11-14",
        "close": 46.448917,
        "volume": 9154,
        "typical_volume": 25177.7,
        "trend": 43.3869,
        "fair_value": 41.489954,
        "relative_strength": -5.845286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.036864,
        "energy": 57.950775,
        "activity_lines": [
          46.393993,
          46.100334,
          45.35254,
          44.583517
        ]
      },
      {
        "date": "2025-11-21",
        "close": 45.724316,
        "volume": 18833,
        "typical_volume": 25757.8,
        "trend": 43.654407,
        "fair_value": 41.532297,
        "relative_strength": -3.915491,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.291122,
        "energy": 48.075148,
        "activity_lines": [
          46.204406,
          46.086617,
          45.454707,
          44.734318
        ]
      },
      {
        "date": "2025-11-28",
        "close": 46.826107,
        "volume": 5962,
        "typical_volume": 17856.2,
        "trend": 43.900407,
        "fair_value": 41.584711,
        "relative_strength": -2.695172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.008139,
        "energy": 44.664966,
        "activity_lines": [
          46.36256,
          46.256353,
          45.644649,
          44.938943
        ]
      },
      {
        "date": "2025-12-05",
        "close": 47.099075,
        "volume": 5883,
        "typical_volume": 17114.55,
        "trend": 44.145415,
        "fair_value": 41.638774,
        "relative_strength": -1.880445,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.098704,
        "energy": 47.785987,
        "activity_lines": [
          46.574317,
          46.443594,
          45.840712,
          45.145309
        ]
      },
      {
        "date": "2025-12-12",
        "close": 46.399288,
        "volume": 5012,
        "typical_volume": 16769.15,
        "trend": 44.277928,
        "fair_value": 41.684992,
        "relative_strength": -3.08505,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.106972,
        "energy": 40.720995,
        "activity_lines": [
          46.584574,
          46.466695,
          45.95186,
          45.29072
        ]
      },
      {
        "date": "2025-12-19",
        "close": 46.662327,
        "volume": 15572,
        "typical_volume": 17147.9,
        "trend": 44.468839,
        "fair_value": 41.732851,
        "relative_strength": -4.732158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.389352,
        "energy": 42.804457,
        "activity_lines": [
          46.638836,
          46.528146,
          46.074399,
          45.444552
        ]
      },
      {
        "date": "2025-12-26",
        "close": 47.019665,
        "volume": 242,
        "typical_volume": 16179.4,
        "trend": 44.6485,
        "fair_value": 41.783202,
        "relative_strength": -3.199395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.181135,
        "energy": 43.503358,
        "activity_lines": [
          46.797984,
          46.637603,
          46.215325,
          45.609122
        ]
      },
      {
        "date": "2026-01-02",
        "close": 46.751663,
        "volume": 1300,
        "typical_volume": 16125.85,
        "trend": 44.807978,
        "fair_value": 41.830074,
        "relative_strength": -4.848872,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.440353,
        "energy": 37.474218,
        "activity_lines": [
          46.78144,
          46.669456,
          46.315673,
          45.74481
        ]
      },
      {
        "date": "2026-01-09",
        "close": 48.047012,
        "volume": 12374,
        "typical_volume": 16261.65,
        "trend": 45.030487,
        "fair_value": 41.888176,
        "relative_strength": -2.533348,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.184443,
        "energy": 49.250406,
        "activity_lines": [
          47.201643,
          46.927985,
          46.527405,
          45.95378
        ]
      },
      {
        "date": "2026-01-16",
        "close": 48.116493,
        "volume": 13363,
        "typical_volume": 16674.35,
        "trend": 45.25829,
        "fair_value": 41.945846,
        "relative_strength": -2.151283,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.912461,
        "energy": 63.482008,
        "activity_lines": [
          47.581811,
          47.190574,
          46.727415,
          46.152877
        ]
      },
      {
        "date": "2026-01-23",
        "close": 47.461372,
        "volume": 13527,
        "typical_volume": 17210.35,
        "trend": 45.437951,
        "fair_value": 41.996447,
        "relative_strength": -0.991884,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.66469,
        "energy": 52.365387,
        "activity_lines": [
          47.629124,
          47.290917,
          46.845676,
          46.295011
        ]
      },
      {
        "date": "2026-01-30",
        "close": 46.721886,
        "volume": 19704,
        "typical_volume": 17835.7,
        "trend": 45.591309,
        "fair_value": 42.039406,
        "relative_strength": -3.598253,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.996157,
        "energy": 41.628772,
        "activity_lines": [
          47.376672,
          47.238399,
          46.875832,
          46.377846
        ]
      },
      {
        "date": "2026-02-06",
        "close": 46.195805,
        "volume": 9571,
        "typical_volume": 17700.0,
        "trend": 45.709428,
        "fair_value": 42.076851,
        "relative_strength": -5.021844,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.744318,
        "energy": 21.045737,
        "activity_lines": [
          46.968712,
          47.072093,
          46.846716,
          46.416845
        ]
      },
      {
        "date": "2026-02-13",
        "close": 45.740002,
        "volume": 21531,
        "typical_volume": 18401.8,
        "trend": 45.792007,
        "fair_value": 42.109558,
        "relative_strength": -4.713727,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 9.702007,
        "energy": 14.935418,
        "activity_lines": [
          46.445875,
          46.834374,
          46.768778,
          46.418818
        ]
      },
      {
        "date": "2026-02-20",
        "close": 46.380001,
        "volume": 9908,
        "typical_volume": 18408.7,
        "trend": 45.886984,
        "fair_value": 42.147349,
        "relative_strength": -5.218816,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.993088,
        "energy": 19.848036,
        "activity_lines": [
          46.290171,
          46.737728,
          46.748598,
          46.456753
        ]
      },
      {
        "date": "2026-02-27",
        "close": 45.834999,
        "volume": 9466,
        "typical_volume": 11731.15,
        "trend": 45.968924,
        "fair_value": 42.179697,
        "relative_strength": -7.518269,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -3.275804,
        "energy": 21.079101,
        "activity_lines": [
          46.068567,
          46.542342,
          46.674123,
          46.453399
        ]
      },
      {
        "date": "2026-03-06",
        "close": 46.465,
        "volume": 7460,
        "typical_volume": 11487.6,
        "trend": 46.055817,
        "fair_value": 42.21696,
        "relative_strength": 0.255618,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 4.301002,
        "energy": 16.837717,
        "activity_lines": [
          46.165387,
          46.476544,
          46.659145,
          46.485404
        ]
      },
      {
        "date": "2026-03-13",
        "close": 45.794998,
        "volume": 16117,
        "typical_volume": 10892.1,
        "trend": 46.107803,
        "fair_value": 42.247806,
        "relative_strength": -1.534363,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.966385,
        "energy": 24.734668,
        "activity_lines": [
          46.055999,
          46.299012,
          46.575436,
          46.468577
        ]
      },
      {
        "date": "2026-03-20",
        "close": 44.595001,
        "volume": 16030,
        "typical_volume": 10797.45,
        "trend": 46.121113,
        "fair_value": 42.267867,
        "relative_strength": -0.805297,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -39.387739,
        "energy": 44.532842,
        "activity_lines": [
          45.573333,
          45.920693,
          46.37968,
          46.370977
        ]
      },
      {
        "date": "2026-03-27",
        "close": 43.334999,
        "volume": 17938,
        "typical_volume": 11447.35,
        "trend": 46.09722,
        "fair_value": 42.27691,
        "relative_strength": -4.735605,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -57.100568,
        "energy": 66.064487,
        "activity_lines": [
          44.746999,
          45.376046,
          46.078118,
          46.191228
        ]
      },
      {
        "date": "2026-04-03",
        "close": 44.615002,
        "volume": 16920,
        "typical_volume": 11835.65,
        "trend": 46.126086,
        "fair_value": 42.296558,
        "relative_strength": -6.583236,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -62.167444,
        "energy": 70.294795,
        "activity_lines": [
          44.550334,
          45.151064,
          45.909933,
          46.095601
        ]
      },
      {
        "date": "2026-04-10",
        "close": 45.535,
        "volume": 6471,
        "typical_volume": 11217.55,
        "trend": 46.150711,
        "fair_value": 42.323545,
        "relative_strength": -8.432516,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.391248,
        "energy": 64.296358,
        "activity_lines": [
          44.741667,
          45.145106,
          45.838099,
          46.057466
        ]
      },
      {
        "date": "2026-04-17",
        "close": 47.799999,
        "volume": 7988,
        "typical_volume": 11318.85,
        "trend": 46.242069,
        "fair_value": 42.368805,
        "relative_strength": -6.299485,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -14.431181,
        "energy": 13.186517,
        "activity_lines": [
          45.75,
          45.572545,
          45.982882,
          46.163872
        ]
      },
      {
        "date": "2026-04-24",
        "close": 48.419998,
        "volume": 4297,
        "typical_volume": 11239.55,
        "trend": 46.353762,
        "fair_value": 42.418405,
        "relative_strength": -2.680095,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 23.971017,
        "energy": 28.654511,
        "activity_lines": [
          46.831333,
          46.083545,
          46.182074,
          46.304383
        ]
      },
      {
        "date": "2026-05-01",
        "close": 48.645,
        "volume": 6415,
        "typical_volume": 11309.7,
        "trend": 46.44599,
        "fair_value": 42.469028,
        "relative_strength": -3.386318,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 47.272064,
        "energy": 47.90806,
        "activity_lines": [
          47.732666,
          46.586727,
          46.396405,
          46.452205
        ]
      },
      {
        "date": "2026-05-08",
        "close": 50.169998,
        "volume": 40654,
        "typical_volume": 12563.8,
        "trend": 46.594013,
        "fair_value": 42.531133,
        "relative_strength": -2.482819,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 87.21836,
        "energy": 87.842826,
        "activity_lines": [
          48.788332,
          47.325999,
          46.74528,
          46.692464
        ]
      },
      {
        "date": "2026-05-15",
        "close": 51.16,
        "volume": 35280,
        "typical_volume": 14315.7,
        "trend": 46.784963,
        "fair_value": 42.600163,
        "relative_strength": -0.202797,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.176642,
        "energy": 95.50385,
        "activity_lines": [
          49.803666,
          48.166454,
          47.171737,
          46.987044
        ]
      },
      {
        "date": "2026-05-22",
        "close": 51.299999,
        "volume": 23893,
        "typical_volume": 15445.35,
        "trend": 46.952787,
        "fair_value": 42.66921,
        "relative_strength": -0.726507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.174958,
        "energy": 93.859663,
        "activity_lines": [
          50.490666,
          48.946999,
          47.591812,
          47.278336
        ]
      },
      {
        "date": "2026-05-29",
        "close": 51.509998,
        "volume": 27787,
        "typical_volume": 16216.0,
        "trend": 47.083936,
        "fair_value": 42.738822,
        "relative_strength": -1.351536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.387263,
        "energy": 92.285898,
        "activity_lines": [
          51.014332,
          49.665635,
          48.010229,
          47.57235
        ]
      },
      {
        "date": "2026-06-05",
        "close": 51.450001,
        "volume": 529,
        "typical_volume": 15574.3,
        "trend": 47.274131,
        "fair_value": 42.806878,
        "relative_strength": -1.177646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.569851,
        "energy": 89.645706,
        "activity_lines": [
          51.311999,
          50.247636,
          48.40644,
          47.854031
        ]
      },
      {
        "date": "2026-06-12",
        "close": 51.189999,
        "volume": 6385,
        "typical_volume": 15217.2,
        "trend": 47.432167,
        "fair_value": 42.871864,
        "relative_strength": -4.642955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.986852,
        "energy": 84.88394,
        "activity_lines": [
          51.335999,
          50.634817,
          48.762016,
          48.106668
        ]
      },
      {
        "date": "2026-06-19",
        "close": 51.849998,
        "volume": 2883,
        "typical_volume": 14376.15,
        "trend": 47.636356,
        "fair_value": 42.940926,
        "relative_strength": -5.76064,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.14725,
        "energy": 79.817154,
        "activity_lines": [
          51.511999,
          51.022454,
          49.162694,
          48.391689
        ]
      },
      {
        "date": "2026-06-26",
        "close": 51.290001,
        "volume": 3059,
        "typical_volume": 14050.55,
        "trend": 47.785153,
        "fair_value": 43.00466,
        "relative_strength": -3.79477,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.622158,
        "energy": 64.606036,
        "activity_lines": [
          51.455333,
          51.193454,
          49.485618,
          48.627408
        ]
      },
      {
        "date": "2026-07-03",
        "close": 52.330002,
        "volume": 44,
        "typical_volume": 12976.2,
        "trend": 47.959517,
        "fair_value": 43.075306,
        "relative_strength": -4.604298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.72858,
        "energy": 68.969277,
        "activity_lines": [
          51.746,
          51.490091,
          49.883333,
          48.920625
        ]
      },
      {
        "date": "2026-07-10",
        "close": 52.52,
        "volume": 14148,
        "typical_volume": 13188.2,
        "trend": 48.163541,
        "fair_value": 43.146319,
        "relative_strength": -3.767263,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.330659,
        "energy": 71.835039,
        "activity_lines": [
          52.045334,
          51.750182,
          50.267762,
          49.214849
        ]
      },
      {
        "date": "2026-07-17",
        "close": 51.700001,
        "volume": 264184,
        "typical_volume": 25924.1,
        "trend": 48.331463,
        "fair_value": 43.210152,
        "relative_strength": -3.796404,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.211546,
        "energy": 66.217053,
        "activity_lines": [
          52.000001,
          51.790727,
          50.544857,
          49.443008
        ]
      },
      {
        "date": "2026-07-24",
        "close": 51.470001,
        "volume": 93071,
        "typical_volume": 30204.65,
        "trend": 48.479808,
        "fair_value": 43.271337,
        "relative_strength": -3.942233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.363919,
        "energy": 62.255578,
        "activity_lines": [
          51.844001,
          51.761637,
          50.772119,
          49.645494
        ]
      },
      {
        "date": "2026-07-31",
        "close": 51.73,
        "volume": 28391,
        "typical_volume": 30818.35,
        "trend": 48.645752,
        "fair_value": 43.333533,
        "relative_strength": -3.974878,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.758806,
        "energy": 55.243829,
        "activity_lines": [
          51.800001,
          51.774182,
          51.00031,
          49.855184
        ]
      },
      {
        "date": "2026-08-07",
        "close": 53.849998,
        "volume": 4285,
        "typical_volume": 30231.1,
        "trend": 48.839185,
        "fair_value": 43.410295,
        "relative_strength": -2.820094,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.016713,
        "energy": 66.936925,
        "activity_lines": [
          52.433333,
          52.164364,
          51.402143,
          50.190942
        ]
      }
    ],
    "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."
    }
  }
}