{ "ticker": { "uuid": "85447993-a43f-45eb-b9be-3487c83da442", "symbol": "SVR", "name": "iShares Silver Bullion ETF (CAD-Hedged)", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -64.442, "architecture_energy": 55.78, "architecture_maturity": 33.586, "architecture_confidence": 95.794, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 12.35, "rotation_up": 23.19, "upward_expansion": 9.13, "deceleration": 53.11, "rotation_down": 60.01, "downward_expansion": 84.8 }, "activity_lines": [ 27.421333, 27.742909, 30.09181, 31.752839 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 29.219999, "trend_reference": 34.271667, "distance_from_trend": -0.147401, "trend_direction": "Weakening", "fair_value": 19.406923, "distance_from_fair_value": 0.505648, "fair_value_direction": "Weakening", "relative_strength": -13.286758, "relative_strength_direction": "Weakening", "price_momentum": -0.195041, "excess_performance": -0.315463, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.147401, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.004184, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.505648, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.571219, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.132868, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.380998, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.195041, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.418444, "read": "Supply-led" } ], "volume": { "latest": 215600, "relative_activity": 0.69563, "balance": 0.418444, "dry_up": 0.736203, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.088559, "annualized_volatility": 0.490538, "from_high_reference": -0.481823, "from_low_reference": 0.659284 }, "levels": { "trend_reference": 34.271667, "fair_value_reference": 19.406923, "structural_low": 25.25, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.0282, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.016819, "regime_survival": 0.722222, "best_return": 0.18453, "worst_return": -0.134652, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.058775, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.002167, "regime_survival": 0.428571, "best_return": 0.244991, "worst_return": -0.15653, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.019878, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.01595, "regime_survival": 0.5, "best_return": 0.28613, "worst_return": -0.132439, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.077295, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.066006, "regime_survival": 0.333333, "best_return": 0.513094, "worst_return": -0.143212, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-08", "end": "2024-03-15", "tenure": "New", "return": 0.033841, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-07-26", "tenure": "Established", "return": 0.122924, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-09-27", "tenure": "Developing", "return": 0.102453, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.067308, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": -0.077888, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": 0.01763, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.044929, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": 0.010911, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": 0.038, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.083916, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2026-03-06", "tenure": "Extended", "return": 1.259067, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-06-12", "tenure": "Established", "return": -0.161446, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.10179, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.015641, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.2, "volume": 64200, "typical_volume": 68390.0, "trend": 11.547333, "fair_value": 11.920321, "relative_strength": 1.671751, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.802874, "energy": 34.180827, "activity_lines": [ 11.428, 11.561091, 11.668238, 11.661591 ] }, { "date": "2023-08-25", "close": 11.98, "volume": 41200, "typical_volume": 60670.0, "trend": 11.556667, "fair_value": 11.905833, "relative_strength": 8.172583, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.582952, "energy": 13.929257, "activity_lines": [ 11.554, 11.634182, 11.682381, 11.689505 ] }, { "date": "2023-09-01", "close": 11.85, "volume": 38600, "typical_volume": 58655.0, "trend": 11.583667, "fair_value": 11.891859, "relative_strength": 2.899544, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.725965, "energy": 11.627888, "activity_lines": [ 11.644, 11.681636, 11.685857, 11.70843 ] }, { "date": "2023-09-08", "close": 11.27, "volume": 16300, "typical_volume": 56525.0, "trend": 11.596333, "fair_value": 11.874038, "relative_strength": -0.147313, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.349785, "energy": 19.21418, "activity_lines": [ 11.549333, 11.609273, 11.637, 11.688194 ] }, { "date": "2023-09-15", "close": 11.45, "volume": 7300, "typical_volume": 54455.0, "trend": 11.62, "fair_value": 11.857821, "relative_strength": -1.43476, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.655657, "energy": 10.242937, "activity_lines": [ 11.536, 11.568727, 11.610333, 11.678753 ] }, { "date": "2023-09-22", "close": 11.56, "volume": 32000, "typical_volume": 52465.0, "trend": 11.662667, "fair_value": 11.855897, "relative_strength": 3.478135, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.587257, "energy": 12.017566, "activity_lines": [ 11.539333, 11.546545, 11.598333, 11.674882 ] }, { "date": "2023-09-29", "close": 10.86, "volume": 14900, "typical_volume": 51740.0, "trend": 11.673667, "fair_value": 11.846474, "relative_strength": -1.73649, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.029491, "energy": 59.351745, "activity_lines": [ 11.285333, 11.409818, 11.525048, 11.623097 ] }, { "date": "2023-10-06", "close": 10.31, "volume": 22500, "typical_volume": 47930.0, "trend": 11.679, "fair_value": 11.829744, "relative_strength": -5.279517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.529132, "energy": 75.480402, "activity_lines": [ 10.922667, 11.195455, 11.404095, 11.535118 ] }, { "date": "2023-10-13", "close": 11.13, "volume": 2400, "typical_volume": 46060.0, "trend": 11.680333, "fair_value": 11.82109, "relative_strength": 0.847404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.245377, "energy": 67.158309, "activity_lines": [ 10.936, 11.160545, 11.368143, 11.499699 ] }, { "date": "2023-10-20", "close": 11.63, "volume": 9400, "typical_volume": 44890.0, "trend": 11.686333, "fair_value": 11.814359, "relative_strength": 6.92611, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.507857, "energy": 51.539516, "activity_lines": [ 11.125333, 11.224909, 11.381667, 11.496452 ] }, { "date": "2023-10-27", "close": 11.37, "volume": 10700, "typical_volume": 34015.0, "trend": 11.668, "fair_value": 11.809295, "relative_strength": 6.209585, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.351279, "energy": 28.584799, "activity_lines": [ 11.216, 11.233273, 11.370429, 11.476043 ] }, { "date": "2023-11-03", "close": 11.2, "volume": 5600, "typical_volume": 31155.0, "trend": 11.63, "fair_value": 11.796795, "relative_strength": -1.221415, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.944123, "energy": 18.946391, "activity_lines": [ 11.262667, 11.207636, 11.345714, 11.445849 ] }, { "date": "2023-11-10", "close": 11.11, "volume": 46800, "typical_volume": 32400.0, "trend": 11.585, "fair_value": 11.786282, "relative_strength": -1.272677, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.489241, "energy": 19.733979, "activity_lines": [ 11.256667, 11.179818, 11.315619, 11.412301 ] }, { "date": "2023-11-17", "close": 11.6, "volume": 65400, "typical_volume": 26860.0, "trend": 11.560667, "fair_value": 11.780962, "relative_strength": 0.234906, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.329559, "energy": 11.401879, "activity_lines": [ 11.360667, 11.254545, 11.331952, 11.413269 ] }, { "date": "2023-11-24", "close": 11.86, "volume": 11900, "typical_volume": 27270.0, "trend": 11.545, "fair_value": 11.781859, "relative_strength": 2.601463, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.013894, "energy": 10.637837, "activity_lines": [ 11.52, 11.370545, 11.371238, 11.432581 ] }, { "date": "2023-12-01", "close": 12.41, "volume": 25600, "typical_volume": 24740.0, "trend": 11.535667, "fair_value": 11.782179, "relative_strength": 5.363441, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.162761, "energy": 43.366253, "activity_lines": [ 11.847333, 11.579091, 11.460524, 11.488387 ] }, { "date": "2023-12-08", "close": 11.19, "volume": 33000, "typical_volume": 24630.0, "trend": 11.513667, "fair_value": 11.775, "relative_strength": -4.318151, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.093766, "energy": 16.322919, "activity_lines": [ 11.698667, 11.550364, 11.432905, 11.466086 ] }, { "date": "2023-12-15", "close": 11.64, "volume": 19000, "typical_volume": 25215.0, "trend": 11.509667, "fair_value": 11.764423, "relative_strength": -1.351543, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.465049, "energy": 23.008509, "activity_lines": [ 11.700667, 11.597455, 11.452429, 11.474237 ] }, { "date": "2023-12-22", "close": 11.81, "volume": 176900, "typical_volume": 33055.0, "trend": 11.519333, "fair_value": 11.755321, "relative_strength": -1.4768, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.552381, "energy": 20.934503, "activity_lines": [ 11.724, 11.651273, 11.489762, 11.493613 ] }, { "date": "2023-12-29", "close": 11.65, "volume": 17400, "typical_volume": 33055.0, "trend": 11.52, "fair_value": 11.743397, "relative_strength": -3.004526, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.343001, "energy": 8.573943, "activity_lines": [ 11.68, 11.663636, 11.51081, 11.502043 ] }, { "date": "2024-01-05", "close": 11.29, "volume": 12900, "typical_volume": 30490.0, "trend": 11.498333, "fair_value": 11.730641, "relative_strength": -5.728722, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.611241, "energy": 4.103655, "activity_lines": [ 11.53, 11.610182, 11.49519, 11.487204 ] }, { "date": "2024-01-12", "close": 11.3, "volume": 47500, "typical_volume": 30805.0, "trend": 11.479333, "fair_value": 11.721667, "relative_strength": -5.713638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.991764, "energy": 8.493002, "activity_lines": [ 11.458, 11.56, 11.480095, 11.474409 ] }, { "date": "2024-01-19", "close": 11.0, "volume": 8000, "typical_volume": 29275.0, "trend": 11.477333, "fair_value": 11.708654, "relative_strength": -7.688288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.477304, "energy": 29.507978, "activity_lines": [ 11.278667, 11.453455, 11.439667, 11.443484 ] }, { "date": "2024-01-26", "close": 11.05, "volume": 8700, "typical_volume": 28895.0, "trend": 11.471667, "fair_value": 11.690449, "relative_strength": -8.099673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.677651, "energy": 43.328571, "activity_lines": [ 11.158667, 11.358, 11.408048, 11.415914 ] }, { "date": "2024-02-02", "close": 11.1, "volume": 15500, "typical_volume": 29305.0, "trend": 11.463, "fair_value": 11.673077, "relative_strength": -7.490953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.895728, "energy": 48.235965, "activity_lines": [ 11.106, 11.281636, 11.382238, 11.391935 ] }, { "date": "2024-02-09", "close": 10.98, "volume": 9900, "typical_volume": 28200.0, "trend": 11.420333, "fair_value": 11.653718, "relative_strength": -8.144473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.554854, "energy": 53.405401, "activity_lines": [ 11.05, 11.197273, 11.346667, 11.360774 ] }, { "date": "2024-02-16", "close": 11.34, "volume": 30600, "typical_volume": 28985.0, "trend": 11.395333, "fair_value": 11.636923, "relative_strength": -6.262413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.615873, "energy": 35.160459, "activity_lines": [ 11.134667, 11.204364, 11.348143, 11.355591 ] }, { "date": "2024-02-23", "close": 11.16, "volume": 6000, "typical_volume": 28160.0, "trend": 11.368, "fair_value": 11.621218, "relative_strength": -8.468683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.306068, "energy": 25.317134, "activity_lines": [ 11.156667, 11.176, 11.33019, 11.340409 ] }, { "date": "2024-03-01", "close": 11.18, "volume": 14000, "typical_volume": 28740.0, "trend": 11.354333, "fair_value": 11.610192, "relative_strength": -8.918767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.628379, "energy": 19.013314, "activity_lines": [ 11.174667, 11.16, 11.310095, 11.32828 ] }, { "date": "2024-03-08", "close": 11.82, "volume": 215200, "typical_volume": 39030.0, "trend": 11.376667, "fair_value": 11.600128, "relative_strength": -4.622962, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.057729, "energy": 13.069847, "activity_lines": [ 11.397333, 11.271818, 11.350714, 11.358323 ] }, { "date": "2024-03-15", "close": 12.22, "volume": 44900, "typical_volume": 40740.0, "trend": 11.410667, "fair_value": 11.592436, "relative_strength": -1.857286, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.545889, "energy": 53.058064, "activity_lines": [ 11.705333, 11.453273, 11.428524, 11.412731 ] }, { "date": "2024-03-22", "close": 12.04, "volume": 75200, "typical_volume": 44220.0, "trend": 11.412667, "fair_value": 11.586987, "relative_strength": -3.768121, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.206633, "energy": 66.088629, "activity_lines": [ 11.870667, 11.585091, 11.485143, 11.453333 ] }, { "date": "2024-03-29", "close": 12.17, "volume": 134600, "typical_volume": 48610.0, "trend": 11.423333, "fair_value": 11.583077, "relative_strength": -3.387938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.660494, "energy": 75.111911, "activity_lines": [ 12.032667, 11.727091, 11.550143, 11.502194 ] }, { "date": "2024-04-05", "close": 13.26, "volume": 256400, "typical_volume": 58160.0, "trend": 11.489667, "fair_value": 11.585385, "relative_strength": 4.859292, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.11595, "energy": 90.672279, "activity_lines": [ 12.490667, 12.046, 11.713905, 11.620688 ] }, { "date": "2024-04-12", "close": 13.61, "volume": 185700, "typical_volume": 66850.0, "trend": 11.561667, "fair_value": 11.586795, "relative_strength": 9.358606, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.378667, "energy": 93.717603, "activity_lines": [ 12.926667, 12.388364, 11.903095, 11.757484 ] }, { "date": "2024-04-19", "close": 14.0, "volume": 87700, "typical_volume": 69955.0, "trend": 11.643, "fair_value": 11.591154, "relative_strength": 12.79389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.905301, "energy": 95.952998, "activity_lines": [ 13.373333, 12.756, 12.121095, 11.914796 ] }, { "date": "2024-04-26", "close": 13.26, "volume": 133000, "typical_volume": 74955.0, "trend": 11.723, "fair_value": 11.591346, "relative_strength": 6.023325, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.964294, "energy": 87.700048, "activity_lines": [ 13.454667, 12.934182, 12.261048, 12.019118 ] }, { "date": "2024-05-03", "close": 12.89, "volume": 90800, "typical_volume": 78545.0, "trend": 11.809, "fair_value": 11.584423, "relative_strength": 3.273487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.628858, "energy": 73.829505, "activity_lines": [ 13.331333, 13.010182, 12.355905, 12.094409 ] }, { "date": "2024-05-10", "close": 13.67, "volume": 55100, "typical_volume": 72455.0, "trend": 11.893667, "fair_value": 11.581667, "relative_strength": 7.629986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.454823, "energy": 62.296814, "activity_lines": [ 13.42, 13.196545, 12.519095, 12.214473 ] }, { "date": "2024-05-17", "close": 15.22, "volume": 111600, "typical_volume": 77165.0, "trend": 12.013333, "fair_value": 11.58859, "relative_strength": 18.599899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.125734, "energy": 71.538681, "activity_lines": [ 13.998, 13.619455, 12.821048, 12.429075 ] }, { "date": "2024-05-24", "close": 14.68, "volume": 68000, "typical_volume": 79920.0, "trend": 12.123667, "fair_value": 11.591026, "relative_strength": 14.825729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.665039, "energy": 67.153134, "activity_lines": [ 14.288667, 13.882364, 13.054571, 12.601118 ] }, { "date": "2024-05-31", "close": 14.72, "volume": 141300, "typical_volume": 84610.0, "trend": 12.241, "fair_value": 11.594487, "relative_strength": 15.09643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.686669, "energy": 71.599559, "activity_lines": [ 14.547333, 14.107818, 13.275762, 12.768624 ] }, { "date": "2024-06-07", "close": 14.16, "volume": 35100, "typical_volume": 85965.0, "trend": 12.342667, "fair_value": 11.593462, "relative_strength": 11.874583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.045518, "energy": 64.544769, "activity_lines": [ 14.522, 14.182727, 13.427333, 12.89243 ] }, { "date": "2024-06-14", "close": 14.3, "volume": 73800, "typical_volume": 89220.0, "trend": 12.432667, "fair_value": 11.600513, "relative_strength": 14.646202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.736281, "energy": 54.661712, "activity_lines": [ 14.458667, 14.246909, 13.57719, 13.01871 ] }, { "date": "2024-06-21", "close": 14.26, "volume": 71800, "typical_volume": 92035.0, "trend": 12.512667, "fair_value": 11.60641, "relative_strength": 14.42091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.400923, "energy": 45.680714, "activity_lines": [ 14.34, 14.284909, 13.707762, 13.136602 ] }, { "date": "2024-06-28", "close": 14.11, "volume": 17700, "typical_volume": 92425.0, "trend": 12.569333, "fair_value": 11.610192, "relative_strength": 11.229744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.338777, "energy": 33.397307, "activity_lines": [ 14.235333, 14.283818, 13.809, 13.239656 ] }, { "date": "2024-07-05", "close": 15.18, "volume": 57800, "typical_volume": 93785.0, "trend": 12.702333, "fair_value": 11.622821, "relative_strength": 18.218703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.047628, "energy": 47.831358, "activity_lines": [ 14.525333, 14.475273, 13.997238, 13.408086 ] }, { "date": "2024-07-12", "close": 14.95, "volume": 40600, "typical_volume": 95515.0, "trend": 12.812667, "fair_value": 11.634487, "relative_strength": 13.069282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.49461, "energy": 49.183226, "activity_lines": [ 14.708, 14.59, 14.145286, 13.553097 ] }, { "date": "2024-07-19", "close": 14.1, "volume": 28900, "typical_volume": 96260.0, "trend": 12.889, "fair_value": 11.643205, "relative_strength": 6.445271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.442234, "energy": 40.038296, "activity_lines": [ 14.554667, 14.512727, 14.194333, 13.636151 ] }, { "date": "2024-07-26", "close": 13.52, "volume": 55000, "typical_volume": 88250.0, "trend": 12.951333, "fair_value": 11.646795, "relative_strength": 1.480856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.940171, "energy": 25.294484, "activity_lines": [ 14.221333, 14.322182, 14.174238, 13.67686 ] }, { "date": "2024-08-02", "close": 13.86, "volume": 46300, "typical_volume": 88320.0, "trend": 13.037, "fair_value": 11.655833, "relative_strength": 6.602827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.030468, "energy": 17.52522, "activity_lines": [ 14.050667, 14.224364, 14.178429, 13.735484 ] }, { "date": "2024-08-09", "close": 13.29, "volume": 35100, "typical_volume": 86315.0, "trend": 13.103333, "fair_value": 11.66359, "relative_strength": 1.670471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.674245, "energy": 15.229577, "activity_lines": [ 13.706667, 14.037818, 14.120524, 13.751806 ] }, { "date": "2024-08-16", "close": 13.92, "volume": 45300, "typical_volume": 81850.0, "trend": 13.200667, "fair_value": 11.677179, "relative_strength": 2.926153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.842844, "energy": 18.642241, "activity_lines": [ 13.698667, 13.991818, 14.116667, 13.804495 ] }, { "date": "2024-08-23", "close": 14.39, "volume": 107600, "typical_volume": 74410.0, "trend": 13.312, "fair_value": 11.691218, "relative_strength": 5.295245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.188894, "energy": 14.435595, "activity_lines": [ 13.916, 14.035636, 14.149238, 13.881226 ] }, { "date": "2024-08-30", "close": 13.89, "volume": 17200, "typical_volume": 65985.0, "trend": 13.405, "fair_value": 11.699487, "relative_strength": 1.314604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.059923, "energy": 8.766616, "activity_lines": [ 13.947333, 13.986909, 14.12881, 13.918516 ] }, { "date": "2024-09-06", "close": 13.54, "volume": 30000, "typical_volume": 63100.0, "trend": 13.490333, "fair_value": 11.708718, "relative_strength": 1.101126, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.607612, "energy": 4.925523, "activity_lines": [ 13.837333, 13.881273, 14.073714, 13.927226 ] }, { "date": "2024-09-13", "close": 14.75, "volume": 73900, "typical_volume": 60145.0, "trend": 13.604, "fair_value": 11.73, "relative_strength": 6.211666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.911138, "energy": 24.47924, "activity_lines": [ 14.152, 14.006, 14.136048, 14.008495 ] }, { "date": "2024-09-20", "close": 14.95, "volume": 71900, "typical_volume": 59200.0, "trend": 13.730333, "fair_value": 11.752949, "relative_strength": 6.159217, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.176012, "energy": 35.284413, "activity_lines": [ 14.436, 14.174909, 14.210333, 14.095333 ] }, { "date": "2024-09-27", "close": 15.28, "volume": 94900, "typical_volume": 61190.0, "trend": 13.867, "fair_value": 11.7775, "relative_strength": 7.809257, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.094826, "energy": 58.872958, "activity_lines": [ 14.761333, 14.403818, 14.306238, 14.195312 ] }, { "date": "2024-10-04", "close": 15.6, "volume": 52000, "typical_volume": 58210.0, "trend": 13.993, "fair_value": 11.803462, "relative_strength": 8.740109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.920684, "energy": 73.139031, "activity_lines": [ 15.134, 14.669455, 14.424952, 14.307118 ] }, { "date": "2024-10-11", "close": 15.18, "volume": 63700, "typical_volume": 57995.0, "trend": 14.091667, "fair_value": 11.825385, "relative_strength": 4.315241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.411621, "energy": 68.257156, "activity_lines": [ 15.252667, 14.820909, 14.501857, 14.383699 ] }, { "date": "2024-10-18", "close": 16.200001, "volume": 31900, "typical_volume": 52525.0, "trend": 14.230333, "fair_value": 11.850064, "relative_strength": 9.592293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.161902, "energy": 79.151361, "activity_lines": [ 15.602, 15.133818, 14.673524, 14.51972 ] }, { "date": "2024-10-25", "close": 16.26, "volume": 261400, "typical_volume": 63840.0, "trend": 14.366667, "fair_value": 11.876603, "relative_strength": 11.40337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.388989, "energy": 79.975663, "activity_lines": [ 15.874667, 15.404727, 14.843857, 14.650667 ] }, { "date": "2024-11-01", "close": 15.65, "volume": 91800, "typical_volume": 64740.0, "trend": 14.446333, "fair_value": 11.898397, "relative_strength": 7.866631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.380378, "energy": 63.906872, "activity_lines": [ 15.856667, 15.522182, 14.946095, 14.733462 ] }, { "date": "2024-11-08", "close": 15.13, "volume": 66200, "typical_volume": 64460.0, "trend": 14.497, "fair_value": 11.913397, "relative_strength": 2.008696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.712466, "energy": 45.47549, "activity_lines": [ 15.640667, 15.522182, 14.992381, 14.77757 ] }, { "date": "2024-11-15", "close": 14.55, "volume": 52300, "typical_volume": 66190.0, "trend": 14.515333, "fair_value": 11.926667, "relative_strength": -2.449313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.299924, "energy": 22.46166, "activity_lines": [ 15.262667, 15.394182, 14.979286, 14.780989 ] }, { "date": "2024-11-22", "close": 15.15, "volume": 98200, "typical_volume": 68210.0, "trend": 14.578333, "fair_value": 11.947885, "relative_strength": -0.653982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.898962, "energy": 21.380553, "activity_lines": [ 15.126667, 15.356909, 15.021238, 14.821936 ] }, { "date": "2024-11-29", "close": 14.79, "volume": 90900, "typical_volume": 70725.0, "trend": 14.641667, "fair_value": 11.969872, "relative_strength": -3.691911, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.558411, "energy": 21.447622, "activity_lines": [ 14.940667, 15.246909, 15.029048, 14.835591 ] }, { "date": "2024-12-06", "close": 14.83, "volume": 27000, "typical_volume": 70630.0, "trend": 14.680333, "fair_value": 11.992628, "relative_strength": -3.67914, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.505181, "energy": 19.030388, "activity_lines": [ 14.866, 15.147091, 15.041429, 14.847742 ] }, { "date": "2024-12-13", "close": 14.61, "volume": 52100, "typical_volume": 70485.0, "trend": 14.66, "fair_value": 12.014038, "relative_strength": -3.574767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.400334, "energy": 11.076454, "activity_lines": [ 14.772667, 15.015455, 15.029381, 14.843204 ] }, { "date": "2024-12-20", "close": 14.1, "volume": 57800, "typical_volume": 71060.0, "trend": 14.640667, "fair_value": 12.030513, "relative_strength": -4.411296, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.747252, "energy": 25.200844, "activity_lines": [ 14.544, 14.809091, 14.963571, 14.807075 ] }, { "date": "2024-12-27", "close": 13.97, "volume": 26800, "typical_volume": 70645.0, "trend": 14.615667, "fair_value": 12.044744, "relative_strength": -6.067322, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.922122, "energy": 40.98709, "activity_lines": [ 14.302, 14.598727, 14.884238, 14.763806 ] }, { "date": "2025-01-03", "close": 14.18, "volume": 15000, "typical_volume": 69130.0, "trend": 14.616333, "fair_value": 12.063654, "relative_strength": -5.7885, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.19958, "energy": 46.446722, "activity_lines": [ 14.208667, 14.467091, 14.821667, 14.735699 ] }, { "date": "2025-01-10", "close": 14.45, "volume": 33300, "typical_volume": 65415.0, "trend": 14.621333, "fair_value": 12.082244, "relative_strength": -2.949416, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.748062, "energy": 44.256856, "activity_lines": [ 14.246, 14.422364, 14.783571, 14.724968 ] }, { "date": "2025-01-17", "close": 14.43, "volume": 81400, "typical_volume": 68625.0, "trend": 14.627, "fair_value": 12.096282, "relative_strength": -4.395706, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.323556, "energy": 29.900456, "activity_lines": [ 14.302, 14.395818, 14.743286, 14.712624 ] }, { "date": "2025-01-24", "close": 14.69, "volume": 37900, "typical_volume": 69020.0, "trend": 14.646333, "fair_value": 12.117885, "relative_strength": -4.36807, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.537828, "energy": 8.071076, "activity_lines": [ 14.456667, 14.429273, 14.725191, 14.716688 ] }, { "date": "2025-01-31", "close": 15.0, "volume": 20600, "typical_volume": 66355.0, "trend": 14.640333, "fair_value": 12.141474, "relative_strength": -2.786212, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.07886, "energy": 10.900389, "activity_lines": [ 14.675333, 14.516545, 14.731143, 14.739505 ] }, { "date": "2025-02-07", "close": 15.35, "volume": 64300, "typical_volume": 65975.0, "trend": 14.653667, "fair_value": 12.163397, "relative_strength": -0.420917, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.916281, "energy": 29.993088, "activity_lines": [ 14.942, 14.670182, 14.769238, 14.78529 ] }, { "date": "2025-02-14", "close": 15.58, "volume": 84000, "typical_volume": 65430.0, "trend": 14.703, "fair_value": 12.185962, "relative_strength": 0.662487, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.197099, "energy": 42.356445, "activity_lines": [ 15.207333, 14.855455, 14.827333, 14.845054 ] }, { "date": "2025-02-21", "close": 15.75, "volume": 85200, "typical_volume": 67090.0, "trend": 14.777333, "fair_value": 12.208397, "relative_strength": 2.779169, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.051983, "energy": 64.379573, "activity_lines": [ 15.454, 15.058, 14.90019, 14.912602 ] }, { "date": "2025-02-28", "close": 15.0, "volume": 25800, "typical_volume": 65195.0, "trend": 14.815333, "fair_value": 12.221987, "relative_strength": -3.284918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.70187, "energy": 54.518921, "activity_lines": [ 15.362667, 15.103455, 14.900905, 14.926968 ] }, { "date": "2025-03-07", "close": 15.55, "volume": 30500, "typical_volume": 65125.0, "trend": 14.890667, "fair_value": 12.238141, "relative_strength": 2.559312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.249228, "energy": 52.203412, "activity_lines": [ 15.434, 15.232545, 14.954857, 14.974366 ] }, { "date": "2025-03-14", "close": 16.25, "volume": 53500, "typical_volume": 54730.0, "trend": 14.968333, "fair_value": 12.261923, "relative_strength": 7.725841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.968974, "energy": 65.392339, "activity_lines": [ 15.702, 15.460182, 15.078571, 15.062065 ] }, { "date": "2025-03-21", "close": 15.91, "volume": 63000, "typical_volume": 53290.0, "trend": 15.019, "fair_value": 12.281859, "relative_strength": 3.428551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.291028, "energy": 52.764938, "activity_lines": [ 15.796667, 15.588364, 15.169952, 15.122817 ] }, { "date": "2025-03-28", "close": 16.389999, "volume": 86700, "typical_volume": 54315.0, "trend": 15.102333, "fair_value": 12.307244, "relative_strength": 7.072116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.81551, "energy": 71.203047, "activity_lines": [ 16.029333, 15.777273, 15.305809, 15.211269 ] }, { "date": "2025-04-04", "close": 14.5, "volume": 252400, "typical_volume": 64320.0, "trend": 15.134333, "fair_value": 12.320192, "relative_strength": 1.026665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.147834, "energy": 25.895645, "activity_lines": [ 15.589333, 15.586909, 15.255667, 15.172409 ] }, { "date": "2025-04-11", "close": 15.57, "volume": 101900, "typical_volume": 64505.0, "trend": 15.161667, "fair_value": 12.337628, "relative_strength": 6.540437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.666383, "energy": 20.650614, "activity_lines": [ 15.539333, 15.594545, 15.307667, 15.200516 ] }, { "date": "2025-04-18", "close": 15.73, "volume": 100500, "typical_volume": 64985.0, "trend": 15.187667, "fair_value": 12.360513, "relative_strength": 4.916848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.18477, "energy": 18.957491, "activity_lines": [ 15.541333, 15.620909, 15.372905, 15.237183 ] }, { "date": "2025-04-25", "close": 15.95, "volume": 111500, "typical_volume": 69210.0, "trend": 15.21, "fair_value": 12.389295, "relative_strength": 4.02015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.259867, "energy": 21.406324, "activity_lines": [ 15.651333, 15.680364, 15.454619, 15.286366 ] }, { "date": "2025-05-02", "close": 15.46, "volume": 43000, "typical_volume": 68755.0, "trend": 15.205333, "fair_value": 12.41641, "relative_strength": -0.561813, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.161613, "energy": 20.01025, "activity_lines": [ 15.595333, 15.644, 15.484333, 15.302495 ] }, { "date": "2025-05-09", "close": 15.76, "volume": 53900, "typical_volume": 68560.0, "trend": 15.224667, "fair_value": 12.449936, "relative_strength": 0.036697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.047096, "energy": 26.042981, "activity_lines": [ 15.701333, 15.667454, 15.538571, 15.33828 ] }, { "date": "2025-05-16", "close": 15.45, "volume": 49800, "typical_volume": 69710.0, "trend": 15.199667, "fair_value": 12.478782, "relative_strength": -4.004758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.253764, "energy": 19.033485, "activity_lines": [ 15.62, 15.620727, 15.555381, 15.352817 ] }, { "date": "2025-05-23", "close": 16.08, "volume": 118800, "typical_volume": 74900.0, "trend": 15.193667, "fair_value": 12.510192, "relative_strength": 0.377624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.420941, "energy": 27.046931, "activity_lines": [ 15.756667, 15.690364, 15.625143, 15.409613 ] }, { "date": "2025-05-30", "close": 15.73, "volume": 153000, "typical_volume": 80885.0, "trend": 15.196333, "fair_value": 12.539679, "relative_strength": -2.732771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.150628, "energy": 24.290486, "activity_lines": [ 15.753333, 15.699455, 15.652524, 15.444215 ] }, { "date": "2025-06-06", "close": 17.049999, "volume": 277200, "typical_volume": 90675.0, "trend": 15.260333, "fair_value": 12.578654, "relative_strength": 4.410771, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.90797, "energy": 53.241376, "activity_lines": [ 16.204666, 15.951818, 15.799524, 15.563806 ] }, { "date": "2025-06-13", "close": 17.370001, "volume": 1042400, "typical_volume": 140900.0, "trend": 15.354333, "fair_value": 12.620321, "relative_strength": 6.086281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.017937, "energy": 73.736804, "activity_lines": [ 16.656667, 16.250364, 15.964524, 15.699914 ] }, { "date": "2025-06-20", "close": 17.35, "volume": 489900, "typical_volume": 164365.0, "trend": 15.427667, "fair_value": 12.663462, "relative_strength": 6.013731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.310626, "energy": 76.685022, "activity_lines": [ 16.994667, 16.493091, 16.114857, 15.828667 ] }, { "date": "2025-06-27", "close": 17.120001, "volume": 314400, "typical_volume": 176870.0, "trend": 15.505333, "fair_value": 12.708333, "relative_strength": 3.857035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.362886, "energy": 75.433776, "activity_lines": [ 17.129334, 16.661637, 16.232095, 15.937849 ] }, { "date": "2025-07-04", "close": 17.610001, "volume": 251400, "typical_volume": 185240.0, "trend": 15.598, "fair_value": 12.759551, "relative_strength": 5.535514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.009919, "energy": 82.70575, "activity_lines": [ 17.358001, 16.894, 16.387572, 16.073635 ] }, { "date": "2025-07-11", "close": 18.450001, "volume": 204300, "typical_volume": 191195.0, "trend": 15.726, "fair_value": 12.818141, "relative_strength": 10.601873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.670137, "energy": 90.122211, "activity_lines": [ 17.741334, 17.24891, 16.613381, 16.257635 ] }, { "date": "2025-07-18", "close": 18.23, "volume": 449300, "typical_volume": 212370.0, "trend": 15.863667, "fair_value": 12.87609, "relative_strength": 7.965183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.556806, "energy": 85.568763, "activity_lines": [ 17.958001, 17.509455, 16.805381, 16.419183 ] }, { "date": "2025-07-25", "close": 18.190001, "volume": 534800, "typical_volume": 237585.0, "trend": 16.004333, "fair_value": 12.928013, "relative_strength": 6.79225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.811363, "energy": 83.767728, "activity_lines": [ 18.104001, 17.717819, 16.978191, 16.569269 ] }, { "date": "2025-08-01", "close": 17.57, "volume": 263800, "typical_volume": 248100.0, "trend": 16.117333, "fair_value": 12.97718, "relative_strength": 4.874871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.371057, "energy": 59.467096, "activity_lines": [ 17.987334, 17.763637, 17.079381, 16.67028 ] }, { "date": "2025-08-08", "close": 18.25, "volume": 186100, "typical_volume": 254255.0, "trend": 16.244, "fair_value": 13.027821, "relative_strength": 5.833633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.069784, "energy": 57.110865, "activity_lines": [ 18.067334, 17.906, 17.239048, 16.807871 ] }, { "date": "2025-08-15", "close": 17.950001, "volume": 195700, "typical_volume": 259705.0, "trend": 16.361333, "fair_value": 13.082115, "relative_strength": 3.419979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.623798, "energy": 48.158941, "activity_lines": [ 18.004667, 17.948001, 17.359, 16.917936 ] }, { "date": "2025-08-22", "close": 18.24, "volume": 93200, "typical_volume": 251745.0, "trend": 16.479667, "fair_value": 13.13859, "relative_strength": 3.422291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.705805, "energy": 46.763548, "activity_lines": [ 18.072, 18.026364, 17.499143, 17.03914 ] }, { "date": "2025-08-29", "close": 18.91, "volume": 220200, "typical_volume": 257660.0, "trend": 16.61, "fair_value": 13.202628, "relative_strength": 6.132788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.099786, "energy": 56.472272, "activity_lines": [ 18.362, 18.210728, 17.685286, 17.195936 ] }, { "date": "2025-09-05", "close": 19.65, "volume": 610100, "typical_volume": 283140.0, "trend": 16.753333, "fair_value": 13.268718, "relative_strength": 8.166991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.769534, "energy": 80.420492, "activity_lines": [ 18.850667, 18.501273, 17.926, 17.392065 ] }, { "date": "2025-09-12", "close": 20.1, "volume": 537900, "typical_volume": 304460.0, "trend": 16.904, "fair_value": 13.335513, "relative_strength": 9.558956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.616412, "energy": 92.755809, "activity_lines": [ 19.350667, 18.827637, 18.190905, 17.607979 ] }, { "date": "2025-09-19", "close": 20.41, "volume": 479400, "typical_volume": 326280.0, "trend": 17.059333, "fair_value": 13.406218, "relative_strength": 9.238984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.696595, "energy": 93.425348, "activity_lines": [ 19.830667, 19.165091, 18.465572, 17.834172 ] }, { "date": "2025-09-26", "close": 21.92, "volume": 488700, "typical_volume": 348020.0, "trend": 17.29, "fair_value": 13.485833, "relative_strength": 16.994981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.037942, "energy": 97.601721, "activity_lines": [ 20.65, 19.741455, 18.860476, 18.147764 ] }, { "date": "2025-10-03", "close": 22.76, "volume": 712000, "typical_volume": 381130.0, "trend": 17.530333, "fair_value": 13.567821, "relative_strength": 18.280273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.567231, "energy": 97.671565, "activity_lines": [ 21.504, 20.403455, 19.306048, 18.500667 ] }, { "date": "2025-10-10", "close": 23.450001, "volume": 812100, "typical_volume": 415795.0, "trend": 17.770333, "fair_value": 13.660128, "relative_strength": 23.777613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.746614, "energy": 97.169468, "activity_lines": [ 22.331334, 21.107818, 19.782524, 18.882581 ] }, { "date": "2025-10-17", "close": 24.469999, "volume": 1037800, "typical_volume": 460035.0, "trend": 18.055667, "fair_value": 13.755641, "relative_strength": 27.438267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.3564, "energy": 96.874511, "activity_lines": [ 23.245333, 21.890727, 20.321048, 19.314817 ] }, { "date": "2025-10-24", "close": 22.629999, "volume": 907500, "typical_volume": 491550.0, "trend": 18.263667, "fair_value": 13.840128, "relative_strength": 16.621425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.260131, "energy": 70.62434, "activity_lines": [ 23.254666, 22.226, 20.642714, 19.609936 ] }, { "date": "2025-10-31", "close": 22.59, "volume": 499100, "typical_volume": 464385.0, "trend": 18.533333, "fair_value": 13.918397, "relative_strength": 16.416055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.272534, "energy": 66.38511, "activity_lines": [ 23.102666, 22.468909, 20.934, 19.889054 ] }, { "date": "2025-11-07", "close": 22.6, "volume": 185000, "typical_volume": 449140.0, "trend": 18.767667, "fair_value": 13.994551, "relative_strength": 17.316263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.452996, "energy": 61.989362, "activity_lines": [ 22.909333, 22.634545, 21.201381, 20.151419 ] }, { "date": "2025-11-14", "close": 23.59, "volume": 469400, "typical_volume": 456890.0, "trend": 19.029667, "fair_value": 14.079103, "relative_strength": 20.089235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.284535, "energy": 55.293461, "activity_lines": [ 23.056666, 22.913091, 21.538048, 20.462538 ] }, { "date": "2025-11-21", "close": 23.299999, "volume": 359600, "typical_volume": 462300.0, "trend": 19.274667, "fair_value": 14.160897, "relative_strength": 18.641135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.903664, "energy": 50.14739, "activity_lines": [ 23.098, 23.067272, 21.816286, 20.738043 ] }, { "date": "2025-11-28", "close": 26.42, "volume": 376900, "typical_volume": 470930.0, "trend": 19.64, "fair_value": 14.256538, "relative_strength": 28.284299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.802896, "energy": 65.141258, "activity_lines": [ 24.257333, 23.730545, 22.364571, 21.199032 ] }, { "date": "2025-12-05", "close": 27.32, "volume": 697600, "typical_volume": 483345.0, "trend": 20.025333, "fair_value": 14.356923, "relative_strength": 31.816145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.984292, "energy": 75.667771, "activity_lines": [ 25.464, 24.448182, 22.960619, 21.694516 ] }, { "date": "2025-12-12", "close": 29.059999, "volume": 797500, "typical_volume": 496480.0, "trend": 20.479, "fair_value": 14.469615, "relative_strength": 37.87419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.413387, "energy": 92.604443, "activity_lines": [ 26.935333, 25.384, 23.679095, 22.277398 ] }, { "date": "2025-12-19", "close": 31.549999, "volume": 731900, "typical_volume": 519885.0, "trend": 20.994667, "fair_value": 14.596538, "relative_strength": 46.835873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.718953, "energy": 97.029954, "activity_lines": [ 28.805999, 26.657999, 24.582952, 22.991656 ] }, { "date": "2025-12-26", "close": 33.709999, "volume": 829800, "typical_volume": 552070.0, "trend": 21.594, "fair_value": 14.737244, "relative_strength": 53.553638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.154691, "energy": 97.599493, "activity_lines": [ 30.865999, 28.177454, 25.625952, 23.812 ] }, { "date": "2026-01-02", "close": 33.93, "volume": 1562200, "typical_volume": 620395.0, "trend": 22.156667, "fair_value": 14.879038, "relative_strength": 52.981657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.738069, "energy": 94.47696, "activity_lines": [ 32.305333, 29.568909, 26.616285, 24.607871 ] }, { "date": "2026-01-09", "close": 37.310001, "volume": 1672300, "typical_volume": 699350.0, "trend": 22.821333, "fair_value": 15.041026, "relative_strength": 61.9485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.568429, "energy": 96.865934, "activity_lines": [ 34.370667, 31.369454, 27.852428, 25.585505 ] }, { "date": "2026-01-16", "close": 42.0, "volume": 2609000, "typical_volume": 818790.0, "trend": 23.643, "fair_value": 15.234295, "relative_strength": 76.602242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.282226, "energy": 97.712024, "activity_lines": [ 37.333333, 33.755091, 29.444428, 26.822839 ] }, { "date": "2026-01-23", "close": 47.73, "volume": 2151600, "typical_volume": 895865.0, "trend": 24.663333, "fair_value": 15.465256, "relative_strength": 95.553538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.152038, "energy": 98.426484, "activity_lines": [ 41.343333, 36.829818, 31.47219, 28.376839 ] }, { "date": "2026-01-30", "close": 39.119999, "volume": 6663300, "typical_volume": 1202135.0, "trend": 25.380333, "fair_value": 15.645256, "relative_strength": 63.683453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.036041, "energy": 67.825325, "activity_lines": [ 41.404666, 37.900182, 32.546238, 29.309527 ] }, { "date": "2026-02-06", "close": 36.299999, "volume": 3280600, "typical_volume": 1342195.0, "trend": 25.975333, "fair_value": 15.808141, "relative_strength": 47.375121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.376297, "energy": 63.067608, "activity_lines": [ 40.165333, 38.170181, 33.261142, 30.014021 ] }, { "date": "2026-02-13", "close": 36.07, "volume": 1866500, "typical_volume": 1411085.0, "trend": 26.57, "fair_value": 15.970513, "relative_strength": 42.04704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.062245, "energy": 52.40032, "activity_lines": [ 38.691333, 38.218727, 33.878476, 30.66529 ] }, { "date": "2026-02-20", "close": 39.349998, "volume": 1015900, "typical_volume": 1426280.0, "trend": 27.275333, "fair_value": 16.156859, "relative_strength": 49.543126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.374468, "energy": 36.19976, "activity_lines": [ 38.393332, 38.704545, 34.740809, 31.489806 ] }, { "date": "2026-02-27", "close": 43.549999, "volume": 1262700, "typical_volume": 1448810.0, "trend": 28.141333, "fair_value": 16.368526, "relative_strength": 60.302146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.415714, "energy": 42.290954, "activity_lines": [ 39.671999, 39.766908, 35.924142, 32.539785 ] }, { "date": "2026-03-06", "close": 39.240002, "volume": 1345100, "typical_volume": 1464175.0, "trend": 28.841, "fair_value": 16.555, "relative_strength": 47.915978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.320565, "energy": 35.269959, "activity_lines": [ 39.792667, 39.827454, 36.601285, 33.255828 ] }, { "date": "2026-03-13", "close": 37.349998, "volume": 721100, "typical_volume": 1454855.0, "trend": 29.487666, "fair_value": 16.723333, "relative_strength": 41.486783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.971244, "energy": 33.333472, "activity_lines": [ 39.275333, 39.443818, 37.028095, 33.804795 ] }, { "date": "2026-03-20", "close": 31.59, "volume": 881000, "typical_volume": 1473950.0, "trend": 29.932666, "fair_value": 16.852436, "relative_strength": 23.260537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.178188, "energy": 17.349806, "activity_lines": [ 36.768, 37.950727, 36.836238, 33.94043 ] }, { "date": "2026-03-27", "close": 32.43, "volume": 600600, "typical_volume": 1494730.0, "trend": 30.383333, "fair_value": 16.98391, "relative_strength": 22.971942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.726425, "energy": 16.63101, "activity_lines": [ 34.839333, 36.714363, 36.681523, 34.101548 ] }, { "date": "2026-04-03", "close": 33.709999, "volume": 357800, "typical_volume": 1489150.0, "trend": 30.852, "fair_value": 17.120897, "relative_strength": 22.27531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.416762, "energy": 16.892933, "activity_lines": [ 33.798666, 35.884727, 36.601904, 34.316172 ] }, { "date": "2026-04-10", "close": 35.290001, "volume": 494500, "typical_volume": 1495895.0, "trend": 31.358333, "fair_value": 17.267244, "relative_strength": 24.659368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.763343, "energy": 16.186041, "activity_lines": [ 33.940667, 35.597273, 36.624571, 34.602494 ] }, { "date": "2026-04-17", "close": 37.459999, "volume": 559400, "typical_volume": 1505020.0, "trend": 31.926666, "fair_value": 17.428333, "relative_strength": 28.522781, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.86283, "energy": 11.360331, "activity_lines": [ 35.069333, 35.774, 36.796809, 34.99615 ] }, { "date": "2026-04-24", "close": 35.009998, "volume": 285700, "typical_volume": 1484425.0, "trend": 32.363, "fair_value": 17.573718, "relative_strength": 20.625355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.915248, "energy": 6.923378, "activity_lines": [ 35.373999, 35.484181, 36.683142, 35.195075 ] }, { "date": "2026-05-01", "close": 34.860001, "volume": 291200, "typical_volume": 1459110.0, "trend": 32.766333, "fair_value": 17.715833, "relative_strength": 19.055147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.209584, "energy": 12.735038, "activity_lines": [ 35.400666, 35.186363, 36.518571, 35.356172 ] }, { "date": "2026-05-08", "close": 37.130001, "volume": 456300, "typical_volume": 1445330.0, "trend": 33.222333, "fair_value": 17.877885, "relative_strength": 24.813005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.76902, "energy": 17.835618, "activity_lines": [ 36.022, 35.382909, 36.542571, 35.637699 ] }, { "date": "2026-05-15", "close": 35.43, "volume": 818900, "typical_volume": 1444785.0, "trend": 33.587666, "fair_value": 18.029615, "relative_strength": 18.775251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.717106, "energy": 12.349842, "activity_lines": [ 35.848667, 35.387091, 36.378095, 35.780129 ] }, { "date": "2026-05-22", "close": 35.0, "volume": 349600, "typical_volume": 1384155.0, "trend": 34.0, "fair_value": 18.180128, "relative_strength": 14.18082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.041338, "energy": 9.460482, "activity_lines": [ 35.522667, 35.382364, 36.164476, 35.871247 ] }, { "date": "2026-05-29", "close": 35.060001, "volume": 379800, "typical_volume": 1319530.0, "trend": 34.415666, "fair_value": 18.33032, "relative_strength": 12.40684, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.797496, "energy": 5.170813, "activity_lines": [ 35.380667, 35.431273, 35.951476, 35.939634 ] }, { "date": "2026-06-05", "close": 31.610001, "volume": 306700, "typical_volume": 1204415.0, "trend": 34.716, "fair_value": 18.45641, "relative_strength": 1.796272, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.502768, "energy": 31.055995, "activity_lines": [ 34.085334, 34.789819, 35.420619, 35.758624 ] }, { "date": "2026-06-12", "close": 31.32, "volume": 68000, "typical_volume": 1100235.0, "trend": 34.973666, "fair_value": 18.58109, "relative_strength": -1.159383, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.479307, "energy": 48.294786, "activity_lines": [ 32.91, 34.110546, 34.911619, 35.539527 ] }, { "date": "2026-06-19", "close": 30.16, "volume": 43900, "typical_volume": 769265.0, "trend": 35.202333, "fair_value": 18.703526, "relative_strength": -5.321493, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.029399, "energy": 62.384931, "activity_lines": [ 31.735334, 33.263818, 34.370286, 35.228968 ] }, { "date": "2026-06-26", "close": 27.09, "volume": 48300, "typical_volume": 607650.0, "trend": 35.224666, "fair_value": 18.805256, "relative_strength": -15.223982, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.960297, "energy": 84.351831, "activity_lines": [ 29.888667, 31.952182, 33.579238, 34.705591 ] }, { "date": "2026-07-03", "close": 28.77, "volume": 21800, "typical_volume": 515415.0, "trend": 35.273, "fair_value": 18.916859, "relative_strength": -10.959057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.78386, "energy": 80.631214, "activity_lines": [ 29.129333, 31.134546, 32.992048, 34.289161 ] }, { "date": "2026-07-10", "close": 27.290001, "volume": 203500, "typical_volume": 474795.0, "trend": 35.214, "fair_value": 19.013205, "relative_strength": -15.837599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.517398, "energy": 84.138872, "activity_lines": [ 28.296, 30.161273, 32.298667, 33.774129 ] }, { "date": "2026-07-17", "close": 25.700001, "volume": 205200, "typical_volume": 421920.0, "trend": 35.019, "fair_value": 19.100449, "relative_strength": -20.749938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.693969, "energy": 89.021143, "activity_lines": [ 27.220667, 29.036546, 31.511286, 33.160323 ] }, { "date": "2026-07-24", "close": 26.709999, "volume": 313000, "typical_volume": 370315.0, "trend": 34.785667, "fair_value": 19.194872, "relative_strength": -18.040841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.009021, "energy": 80.755072, "activity_lines": [ 26.856667, 28.303273, 30.905095, 32.624258 ] }, { "date": "2026-07-31", "close": 26.6, "volume": 178900, "typical_volume": 343205.0, "trend": 34.541333, "fair_value": 19.29109, "relative_strength": -18.226016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.434692, "energy": 76.24984, "activity_lines": [ 26.686, 27.708546, 30.348095, 32.096151 ] }, { "date": "2026-08-07", "close": 29.219999, "volume": 215600, "typical_volume": 309935.0, "trend": 34.271667, "fair_value": 19.406923, "relative_strength": -13.286758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.442264, "energy": 55.779678, "activity_lines": [ 27.421333, 27.742909, 30.09181, 31.752839 ] } ], "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." } } }