{ "ticker": { "uuid": "8c1b3a33-4921-424c-9af2-3a008fcb1cee", "symbol": "FDEM", "name": "FIDELITY EMERGING MARKETS MULTIFACTOR ETF", "exchange": "CBOE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 69.516, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 17.581, "architecture_energy": 14.914, "architecture_maturity": 25.439, "architecture_confidence": 85.08, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 55.35, "rotation_up": 22.33, "upward_expansion": 47.04, "deceleration": 83.97, "rotation_down": 34.62, "downward_expansion": 27.38 }, "activity_lines": [ 34.987833, 35.273591, 35.364476, 34.819396 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 35.5975, "trend_reference": 34.15343, "distance_from_trend": 0.042282, "trend_direction": "Improving", "fair_value": 26.430566, "distance_from_fair_value": 0.346831, "fair_value_direction": "Weakening", "relative_strength": -1.33832, "relative_strength_direction": "Weakening", "price_momentum": 0.070491, "excess_performance": -0.055134, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042282, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.054535, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.346831, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.103539, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.013383, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.095207, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.070491, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.430963, "read": "Demand-led" } ], "volume": { "latest": 382054, "relative_activity": 0.692983, "balance": 2.430963, "dry_up": 0.670766, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.048855, "annualized_volatility": 0.243088, "from_high_reference": -0.062854, "from_low_reference": 0.282722 }, "levels": { "trend_reference": 34.15343, "fair_value_reference": 26.430566, "structural_low": 29.930774, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.004403, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": -0.012817, "regime_survival": 0.583333, "best_return": 0.047382, "worst_return": -0.106825, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.025792, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.014045, "regime_survival": 0.2, "best_return": 0.081998, "worst_return": -0.069099, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.002751, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.047631, "regime_survival": 0.0, "best_return": 0.111446, "worst_return": -0.179423, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.211441, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.097891, "regime_survival": 0.0, "best_return": 0.263497, "worst_return": -0.196407, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-04-21", "end": "2023-10-06", "tenure": "Established", "return": 0.027315, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-13", "end": "2023-12-01", "tenure": "Developing", "return": 0.046148, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-04-19", "tenure": "Established", "return": 0.054017, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-03", "tenure": "New", "return": 0.030665, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2024-08-09", "tenure": "Established", "return": 0.006321, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-09-27", "tenure": "Developing", "return": 0.058293, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.072787, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2025-04-04", "tenure": "Established", "return": -0.044206, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.076575, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.029805, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-03-13", "tenure": "Extended", "return": 0.217504, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.122672, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": -0.01719, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.022623, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.792195, "volume": 178177, "typical_volume": 38454.05, "trend": 19.66755, "fair_value": 20.52391, "relative_strength": -4.238081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.655379, "energy": 30.65969, "activity_lines": [ 20.251513, 20.25107, 20.069755, 19.885105 ] }, { "date": "2023-08-25", "close": 20.092769, "volume": 27153, "typical_volume": 39541.85, "trend": 19.670846, "fair_value": 20.52949, "relative_strength": -3.50151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.322614, "energy": 17.191689, "activity_lines": [ 20.158252, 20.23335, 20.086122, 19.912539 ] }, { "date": "2023-09-01", "close": 20.427673, "volume": 19614, "typical_volume": 39575.95, "trend": 19.704019, "fair_value": 20.539693, "relative_strength": -4.240294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.540467, "energy": 20.512584, "activity_lines": [ 20.190036, 20.280301, 20.131046, 19.961366 ] }, { "date": "2023-09-08", "close": 20.339667, "volume": 9205, "typical_volume": 39221.8, "trend": 19.743854, "fair_value": 20.548985, "relative_strength": -3.400988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.844814, "energy": 17.499668, "activity_lines": [ 20.23384, 20.296174, 20.164602, 20.002376 ] }, { "date": "2023-09-15", "close": 20.548848, "volume": 46938, "typical_volume": 40796.95, "trend": 19.789092, "fair_value": 20.558324, "relative_strength": -2.221251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.866775, "energy": 30.690267, "activity_lines": [ 20.357577, 20.340656, 20.214482, 20.054311 ] }, { "date": "2023-09-22", "close": 20.439046, "volume": 18162, "typical_volume": 40584.15, "trend": 19.84547, "fair_value": 20.57125, "relative_strength": 0.219665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.563101, "energy": 35.308164, "activity_lines": [ 20.423849, 20.35219, 20.250227, 20.096243 ] }, { "date": "2023-09-29", "close": 20.225619, "volume": 13875, "typical_volume": 40107.95, "trend": 19.875449, "fair_value": 20.580433, "relative_strength": -0.108587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.389549, "energy": 27.949145, "activity_lines": [ 20.375855, 20.325743, 20.262618, 20.120769 ] }, { "date": "2023-10-06", "close": 20.118906, "volume": 27658, "typical_volume": 32528.65, "trend": 19.917383, "fair_value": 20.583817, "relative_strength": -1.052042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.511537, "energy": 20.959439, "activity_lines": [ 20.283434, 20.281136, 20.262041, 20.136476 ] }, { "date": "2023-10-13", "close": 20.09166, "volume": 12489, "typical_volume": 31705.8, "trend": 19.966215, "fair_value": 20.587667, "relative_strength": -1.561721, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.833111, "energy": 9.263611, "activity_lines": [ 20.202515, 20.248468, 20.256322, 20.14772 ] }, { "date": "2023-10-20", "close": 19.498151, "volume": 18740, "typical_volume": 31372.7, "trend": 19.986399, "fair_value": 20.586329, "relative_strength": -2.070602, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.007203, "energy": 23.195937, "activity_lines": [ 19.940293, 20.115181, 20.190574, 20.117522 ] }, { "date": "2023-10-27", "close": 19.46373, "volume": 27410, "typical_volume": 31925.0, "trend": 19.988813, "fair_value": 20.58978, "relative_strength": 0.150111, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.912881, "energy": 35.054692, "activity_lines": [ 19.736644, 19.98905, 20.122225, 20.083802 ] }, { "date": "2023-11-03", "close": 20.305723, "volume": 71425, "typical_volume": 34669.0, "trend": 20.019283, "fair_value": 20.590605, "relative_strength": -1.247929, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.828147, "energy": 22.288226, "activity_lines": [ 19.878681, 20.02198, 20.136349, 20.104247 ] }, { "date": "2023-11-10", "close": 20.26667, "volume": 52300, "typical_volume": 34999.8, "trend": 20.034819, "fair_value": 20.589522, "relative_strength": -2.731039, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.285487, "energy": 11.312649, "activity_lines": [ 20.00236, 20.043938, 20.14673, 20.120208 ] }, { "date": "2023-11-17", "close": 20.817766, "volume": 26448, "typical_volume": 34505.7, "trend": 20.075946, "fair_value": 20.588617, "relative_strength": -2.319115, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.345463, "energy": 24.391725, "activity_lines": [ 20.299886, 20.169022, 20.206414, 20.17072 ] }, { "date": "2023-11-24", "close": 20.779621, "volume": 21687, "typical_volume": 34151.8, "trend": 20.109373, "fair_value": 20.586918, "relative_strength": -3.439077, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.334406, "energy": 39.590634, "activity_lines": [ 20.53629, 20.278478, 20.25772, 20.216119 ] }, { "date": "2023-12-01", "close": 21.018841, "volume": 24204, "typical_volume": 33775.3, "trend": 20.149899, "fair_value": 20.584196, "relative_strength": -3.072058, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.607594, "energy": 60.552702, "activity_lines": [ 20.767003, 20.427233, 20.32731, 20.274794 ] }, { "date": "2023-12-08", "close": 20.870442, "volume": 31964, "typical_volume": 33802.55, "trend": 20.191029, "fair_value": 20.579453, "relative_strength": -3.851516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.233188, "energy": 64.627109, "activity_lines": [ 20.844576, 20.538465, 20.380222, 20.321281 ] }, { "date": "2023-12-15", "close": 21.447149, "volume": 52047, "typical_volume": 35565.15, "trend": 20.253135, "fair_value": 20.576387, "relative_strength": -3.356687, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.945826, "energy": 72.612645, "activity_lines": [ 21.076736, 20.742828, 20.485312, 20.402321 ] }, { "date": "2023-12-22", "close": 21.505568, "volume": 109440, "typical_volume": 40166.85, "trend": 20.324786, "fair_value": 20.576441, "relative_strength": -3.812053, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.980431, "energy": 73.644269, "activity_lines": [ 21.249671, 20.933663, 20.594066, 20.483123 ] }, { "date": "2023-12-29", "close": 21.93096, "volume": 51976, "typical_volume": 42045.6, "trend": 20.401149, "fair_value": 20.574041, "relative_strength": -2.112035, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.668657, "energy": 79.415279, "activity_lines": [ 21.51855, 21.176135, 20.73851, 20.586747 ] }, { "date": "2024-01-05", "close": 21.757412, "volume": 58491, "typical_volume": 36061.3, "trend": 20.461616, "fair_value": 20.565621, "relative_strength": -1.185359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.823027, "energy": 77.863654, "activity_lines": [ 21.652823, 21.342819, 20.858354, 20.674248 ] }, { "date": "2024-01-12", "close": 21.739144, "volume": 88533, "typical_volume": 39130.3, "trend": 20.509567, "fair_value": 20.558166, "relative_strength": -2.917756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.701748, "energy": 73.848355, "activity_lines": [ 21.731769, 21.464479, 20.9671, 20.756669 ] }, { "date": "2024-01-19", "close": 21.291574, "volume": 93105, "typical_volume": 42804.85, "trend": 20.566005, "fair_value": 20.545808, "relative_strength": -5.79792, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.696022, "energy": 51.745791, "activity_lines": [ 21.603611, 21.4787, 21.02538, 20.807121 ] }, { "date": "2024-01-26", "close": 21.552078, "volume": 209385, "typical_volume": 52813.85, "trend": 20.623696, "fair_value": 20.539879, "relative_strength": -5.393532, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.669959, "energy": 45.081266, "activity_lines": [ 21.57266, 21.521651, 21.104357, 20.870739 ] }, { "date": "2024-02-02", "close": 21.912692, "volume": 79332, "typical_volume": 54433.55, "trend": 20.692962, "fair_value": 20.529811, "relative_strength": -5.023316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.47229, "energy": 48.455494, "activity_lines": [ 21.658813, 21.616817, 21.211904, 20.9539 ] }, { "date": "2024-02-09", "close": 21.981289, "volume": 83698, "typical_volume": 57710.35, "trend": 20.742858, "fair_value": 20.518014, "relative_strength": -5.881549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.299364, "energy": 47.502506, "activity_lines": [ 21.769049, 21.703854, 21.31949, 21.037018 ] }, { "date": "2024-02-16", "close": 22.451603, "volume": 96205, "typical_volume": 61826.85, "trend": 20.814781, "fair_value": 20.509574, "relative_strength": -3.427028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.080568, "energy": 67.019073, "activity_lines": [ 22.021132, 21.858903, 21.464523, 21.147259 ] }, { "date": "2024-02-23", "close": 22.647986, "volume": 78700, "typical_volume": 64378.95, "trend": 20.868114, "fair_value": 20.511307, "relative_strength": -4.046305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.246676, "energy": 77.358997, "activity_lines": [ 22.291178, 22.020911, 21.61766, 21.265531 ] }, { "date": "2024-03-01", "close": 22.507595, "volume": 163818, "typical_volume": 71945.4, "trend": 20.935275, "fair_value": 20.511341, "relative_strength": -5.388392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.1914, "energy": 71.928054, "activity_lines": [ 22.424, 22.135559, 21.745383, 21.371304 ] }, { "date": "2024-03-08", "close": 22.552078, "volume": 111909, "typical_volume": 76603.85, "trend": 21.012482, "fair_value": 20.511038, "relative_strength": -4.772925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.723521, "energy": 68.819356, "activity_lines": [ 22.507948, 22.240076, 21.865838, 21.475613 ] }, { "date": "2024-03-15", "close": 22.569433, "volume": 170198, "typical_volume": 83743.25, "trend": 21.105056, "fair_value": 20.509309, "relative_strength": -4.478903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.407228, "energy": 54.275023, "activity_lines": [ 22.555056, 22.336455, 21.973404, 21.576062 ] }, { "date": "2024-03-22", "close": 22.551077, "volume": 217071, "typical_volume": 91025.55, "trend": 21.187, "fair_value": 20.510796, "relative_strength": -6.439865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.666759, "energy": 48.606555, "activity_lines": [ 22.556835, 22.414734, 22.064432, 21.669354 ] }, { "date": "2024-03-29", "close": 22.762178, "volume": 92285, "typical_volume": 93024.8, "trend": 21.264817, "fair_value": 20.510762, "relative_strength": -5.721872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.227871, "energy": 48.856205, "activity_lines": [ 22.62235, 22.516631, 22.164873, 21.770978 ] }, { "date": "2024-04-05", "close": 22.927387, "volume": 148868, "typical_volume": 99145.8, "trend": 21.351074, "fair_value": 20.511826, "relative_strength": -4.033501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.04931, "energy": 49.540697, "activity_lines": [ 22.735321, 22.621829, 22.269165, 21.878241 ] }, { "date": "2024-04-12", "close": 22.330798, "volume": 69086, "typical_volume": 101515.75, "trend": 21.410473, "fair_value": 20.507059, "relative_strength": -4.945697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.412858, "energy": 38.887442, "activity_lines": [ 22.621444, 22.59355, 22.306593, 21.941449 ] }, { "date": "2024-04-19", "close": 21.997809, "volume": 88677, "typical_volume": 104739.4, "trend": 21.462431, "fair_value": 20.499268, "relative_strength": -3.243234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.199988, "energy": 26.73489, "activity_lines": [ 22.411322, 22.497126, 22.304921, 21.979341 ] }, { "date": "2024-04-26", "close": 22.717204, "volume": 66095, "typical_volume": 106445.95, "trend": 21.545484, "fair_value": 20.49796, "relative_strength": -2.509625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.508577, "energy": 26.396811, "activity_lines": [ 22.479107, 22.5312, 22.367101, 22.060294 ] }, { "date": "2024-05-03", "close": 23.413837, "volume": 106236, "typical_volume": 109155.4, "trend": 21.655315, "fair_value": 20.498017, "relative_strength": 0.00605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.288511, "energy": 39.318661, "activity_lines": [ 22.768027, 22.687106, 22.486833, 22.180833 ] }, { "date": "2024-05-10", "close": 23.496441, "volume": 152182, "typical_volume": 111292.5, "trend": 21.768808, "fair_value": 20.502812, "relative_strength": -1.344914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.346527, "energy": 51.653702, "activity_lines": [ 23.041039, 22.844106, 22.605067, 22.299615 ] }, { "date": "2024-05-17", "close": 24.382055, "volume": 65107, "typical_volume": 111949.05, "trend": 21.931605, "fair_value": 20.513116, "relative_strength": 0.76856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.251722, "energy": 84.709759, "activity_lines": [ 23.571318, 23.144148, 22.798164, 22.468212 ] }, { "date": "2024-05-24", "close": 24.00033, "volume": 80924, "typical_volume": 113070.7, "trend": 22.082825, "fair_value": 20.517345, "relative_strength": -0.747749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.964235, "energy": 83.328642, "activity_lines": [ 23.837605, 23.341513, 22.943235, 22.601678 ] }, { "date": "2024-05-31", "close": 23.478085, "volume": 90772, "typical_volume": 113182.65, "trend": 22.18857, "fair_value": 20.515685, "relative_strength": -2.442324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.173948, "energy": 76.484353, "activity_lines": [ 23.796309, 23.417909, 23.027888, 22.691695 ] }, { "date": "2024-06-07", "close": 23.523976, "volume": 113773, "typical_volume": 114216.05, "trend": 22.297147, "fair_value": 20.515504, "relative_strength": -3.344253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.167708, "energy": 63.013748, "activity_lines": [ 23.719584, 23.485793, 23.108631, 22.77785 ] }, { "date": "2024-06-14", "close": 23.725899, "volume": 85141, "typical_volume": 108003.85, "trend": 22.394085, "fair_value": 20.519249, "relative_strength": -3.968904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.472033, "energy": 46.201151, "activity_lines": [ 23.702825, 23.57654, 23.197974, 22.870028 ] }, { "date": "2024-06-21", "close": 23.858525, "volume": 88540, "typical_volume": 108464.25, "trend": 22.496715, "fair_value": 20.520767, "relative_strength": -3.965574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.933253, "energy": 42.434786, "activity_lines": [ 23.714977, 23.676882, 23.289597, 22.964508 ] }, { "date": "2024-06-28", "close": 23.817395, "volume": 106588, "typical_volume": 109608.75, "trend": 22.59, "fair_value": 20.523563, "relative_strength": -4.01613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.209206, "energy": 41.42963, "activity_lines": [ 23.748321, 23.741969, 23.368036, 23.049713 ] }, { "date": "2024-07-05", "close": 24.249816, "volume": 56713, "typical_volume": 107634.15, "trend": 22.702646, "fair_value": 20.531891, "relative_strength": -4.022739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.444501, "energy": 49.021716, "activity_lines": [ 23.938001, 23.852594, 23.478916, 23.156798 ] }, { "date": "2024-07-12", "close": 24.789156, "volume": 67247, "typical_volume": 107061.5, "trend": 22.814046, "fair_value": 20.543756, "relative_strength": -2.744651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.14627, "energy": 69.180833, "activity_lines": [ 24.256012, 24.033416, 23.632598, 23.291411 ] }, { "date": "2024-07-19", "close": 23.999502, "volume": 332488, "typical_volume": 115495.0, "trend": 22.897177, "fair_value": 20.553289, "relative_strength": -3.883171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.94789, "energy": 54.487961, "activity_lines": [ 24.22646, 24.045659, 23.700878, 23.367892 ] }, { "date": "2024-07-26", "close": 23.962187, "volume": 74905, "typical_volume": 113644.8, "trend": 22.964885, "fair_value": 20.564391, "relative_strength": -3.119984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.030207, "energy": 45.590121, "activity_lines": [ 24.166229, 24.04197, 23.758501, 23.436603 ] }, { "date": "2024-08-02", "close": 23.542608, "volume": 99684, "typical_volume": 110119.1, "trend": 23.024391, "fair_value": 20.572245, "relative_strength": -2.659083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.204519, "energy": 30.050531, "activity_lines": [ 23.959228, 23.969629, 23.769449, 23.473875 ] }, { "date": "2024-08-09", "close": 23.644967, "volume": 274381, "typical_volume": 112984.6, "trend": 23.087919, "fair_value": 20.582208, "relative_strength": -2.182602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.933919, "energy": 18.946179, "activity_lines": [ 23.804666, 23.92422, 23.785511, 23.513912 ] }, { "date": "2024-08-16", "close": 24.333565, "volume": 118244, "typical_volume": 114282.55, "trend": 23.189318, "fair_value": 20.601251, "relative_strength": -3.120247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.648377, "energy": 21.893814, "activity_lines": [ 23.91996, 24.000977, 23.861945, 23.594277 ] }, { "date": "2024-08-23", "close": 24.514461, "volume": 129054, "typical_volume": 113291.85, "trend": 23.288064, "fair_value": 20.616929, "relative_strength": -3.647348, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.867103, "energy": 31.854979, "activity_lines": [ 24.125925, 24.095904, 23.948125, 23.67977 ] }, { "date": "2024-08-30", "close": 24.128846, "volume": 73774, "typical_volume": 113526.25, "trend": 23.361936, "fair_value": 20.62626, "relative_strength": -5.298792, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.931747, "energy": 32.367608, "activity_lines": [ 24.169021, 24.106382, 23.990021, 23.734014 ] }, { "date": "2024-09-06", "close": 23.536187, "volume": 132625, "typical_volume": 115723.65, "trend": 23.413766, "fair_value": 20.633451, "relative_strength": -3.525852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.446602, "energy": 21.142717, "activity_lines": [ 24.003453, 24.004188, 23.966912, 23.745256 ] }, { "date": "2024-09-13", "close": 23.934085, "volume": 113172, "typical_volume": 118077.5, "trend": 23.463182, "fair_value": 20.646229, "relative_strength": -5.503266, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.702054, "energy": 17.717413, "activity_lines": [ 23.970947, 23.979453, 23.974373, 23.778825 ] }, { "date": "2024-09-20", "close": 24.399633, "volume": 119734, "typical_volume": 118752.4, "trend": 23.52157, "fair_value": 20.664672, "relative_strength": -4.804558, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.253026, "energy": 22.951446, "activity_lines": [ 24.074348, 24.045103, 24.020376, 23.839241 ] }, { "date": "2024-09-27", "close": 25.752037, "volume": 160730, "typical_volume": 119179.8, "trend": 23.629719, "fair_value": 20.691215, "relative_strength": 0.029097, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.360799, "energy": 50.532869, "activity_lines": [ 24.624146, 24.363727, 24.190486, 23.983142 ] }, { "date": "2024-10-04", "close": 25.676904, "volume": 155156, "typical_volume": 123682.25, "trend": 23.733879, "fair_value": 20.71704, "relative_strength": -0.412484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.532252, "energy": 73.470253, "activity_lines": [ 25.066395, 24.636827, 24.342699, 24.115218 ] }, { "date": "2024-10-11", "close": 25.385761, "volume": 283398, "typical_volume": 133805.95, "trend": 23.827757, "fair_value": 20.738242, "relative_strength": -2.52151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.435473, "energy": 73.695068, "activity_lines": [ 25.308392, 24.825814, 24.461018, 24.221791 ] }, { "date": "2024-10-18", "close": 25.122794, "volume": 117195, "typical_volume": 135127.1, "trend": 23.913481, "fair_value": 20.757011, "relative_strength": -4.196238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.811572, "energy": 73.697711, "activity_lines": [ 25.339429, 24.933478, 24.547696, 24.305342 ] }, { "date": "2024-10-25", "close": 24.747126, "volume": 117810, "typical_volume": 135328.95, "trend": 23.979646, "fair_value": 20.776925, "relative_strength": -4.507379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.459005, "energy": 55.364928, "activity_lines": [ 25.165996, 24.945968, 24.590763, 24.359126 ] }, { "date": "2024-11-01", "close": 24.615642, "volume": 89644, "typical_volume": 135554.1, "trend": 24.035921, "fair_value": 20.795594, "relative_strength": -3.508254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.895129, "energy": 28.035828, "activity_lines": [ 24.925568, 24.927034, 24.615484, 24.400158 ] }, { "date": "2024-11-08", "close": 24.474766, "volume": 144647, "typical_volume": 138359.45, "trend": 24.107387, "fair_value": 20.81093, "relative_strength": -8.189373, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.09663, "energy": 19.551424, "activity_lines": [ 24.713942, 24.880645, 24.622552, 24.42847 ] }, { "date": "2024-11-15", "close": 23.807956, "volume": 236637, "typical_volume": 144861.9, "trend": 24.167725, "fair_value": 20.823835, "relative_strength": -8.550854, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.77881, "energy": 17.099427, "activity_lines": [ 24.360188, 24.706729, 24.563179, 24.409152 ] }, { "date": "2024-11-22", "close": 24.117882, "volume": 140722, "typical_volume": 149062.35, "trend": 24.214414, "fair_value": 20.842866, "relative_strength": -8.651078, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.381358, "energy": 21.662419, "activity_lines": [ 24.214929, 24.584222, 24.533367, 24.405937 ] }, { "date": "2024-11-29", "close": 24.084072, "volume": 190829, "typical_volume": 155241.45, "trend": 24.236755, "fair_value": 20.861249, "relative_strength": -9.592651, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.483218, "energy": 22.958694, "activity_lines": [ 24.125395, 24.452226, 24.500964, 24.397527 ] }, { "date": "2024-12-06", "close": 24.681384, "volume": 140307, "typical_volume": 145632.4, "trend": 24.276253, "fair_value": 20.88188, "relative_strength": -7.937651, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.80751, "energy": 17.016626, "activity_lines": [ 24.279169, 24.43457, 24.528806, 24.426213 ] }, { "date": "2024-12-13", "close": 24.653209, "volume": 189582, "typical_volume": 151366.25, "trend": 24.285292, "fair_value": 20.905146, "relative_strength": -7.279488, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.254126, "energy": 9.509147, "activity_lines": [ 24.419168, 24.431257, 24.550717, 24.450533 ] }, { "date": "2024-12-20", "close": 24.322621, "volume": 167212, "typical_volume": 154742.65, "trend": 24.296035, "fair_value": 20.923708, "relative_strength": -6.614794, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.60453, "energy": 9.779418, "activity_lines": [ 24.437075, 24.38645, 24.537853, 24.452941 ] }, { "date": "2024-12-27", "close": 24.408164, "volume": 182038, "typical_volume": 150125.5, "trend": 24.327038, "fair_value": 20.942203, "relative_strength": -6.661668, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.296548, "energy": 14.69058, "activity_lines": [ 24.449185, 24.376527, 24.529421, 24.460175 ] }, { "date": "2025-01-03", "close": 24.284602, "volume": 206120, "typical_volume": 154519.3, "trend": 24.352392, "fair_value": 20.959422, "relative_strength": -6.405557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.41653, "energy": 9.780599, "activity_lines": [ 24.400755, 24.35713, 24.505588, 24.457438 ] }, { "date": "2025-01-10", "close": 23.609766, "volume": 167108, "typical_volume": 156422.0, "trend": 24.348521, "fair_value": 20.970188, "relative_strength": -6.984858, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.070512, "energy": 32.801502, "activity_lines": [ 24.114012, 24.223446, 24.417717, 24.409526 ] }, { "date": "2025-01-17", "close": 24.189555, "volume": 141184, "typical_volume": 159792.5, "trend": 24.359555, "fair_value": 20.984808, "relative_strength": -7.253953, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.577942, "energy": 29.593706, "activity_lines": [ 24.091973, 24.213466, 24.389373, 24.39927 ] }, { "date": "2025-01-24", "close": 24.626773, "volume": 254321, "typical_volume": 165877.3, "trend": 24.386534, "fair_value": 21.006112, "relative_strength": -7.015987, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.426346, "energy": 12.186831, "activity_lines": [ 24.246583, 24.288167, 24.402379, 24.41651 ] }, { "date": "2025-01-31", "close": 24.493706, "volume": 171812, "typical_volume": 168809.3, "trend": 24.394664, "fair_value": 21.023607, "relative_strength": -6.400007, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.916808, "energy": 4.358364, "activity_lines": [ 24.336561, 24.323785, 24.397519, 24.423425 ] }, { "date": "2025-02-07", "close": 24.579249, "volume": 122189, "typical_volume": 168932.05, "trend": 24.387667, "fair_value": 21.040543, "relative_strength": -5.762808, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.569988, "energy": 9.656531, "activity_lines": [ 24.449351, 24.368124, 24.398141, 24.435333 ] }, { "date": "2025-02-14", "close": 24.968943, "volume": 137997, "typical_volume": 167795.4, "trend": 24.419982, "fair_value": 21.059837, "relative_strength": -5.47949, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.388395, "energy": 31.716085, "activity_lines": [ 24.672395, 24.474313, 24.435021, 24.472835 ] }, { "date": "2025-02-21", "close": 25.025971, "volume": 180535, "typical_volume": 169064.35, "trend": 24.455441, "fair_value": 21.084563, "relative_strength": -3.574615, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.699473, "energy": 46.296817, "activity_lines": [ 24.823837, 24.585643, 24.481062, 24.511931 ] }, { "date": "2025-02-28", "close": 23.904413, "volume": 189504, "typical_volume": 164369.65, "trend": 24.467501, "fair_value": 21.108568, "relative_strength": -6.828397, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.937197, "energy": 8.601149, "activity_lines": [ 24.545665, 24.486275, 24.423387, 24.476381 ] }, { "date": "2025-03-07", "close": 24.750334, "volume": 161686, "typical_volume": 166594.2, "trend": 24.504347, "fair_value": 21.141623, "relative_strength": -0.398989, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.372523, "energy": 15.409626, "activity_lines": [ 24.597625, 24.548315, 24.453331, 24.494628 ] }, { "date": "2025-03-14", "close": 24.750334, "volume": 153204, "typical_volume": 168363.9, "trend": 24.518239, "fair_value": 21.168601, "relative_strength": 1.953806, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.401428, "energy": 8.476963, "activity_lines": [ 24.632475, 24.604134, 24.485047, 24.510498 ] }, { "date": "2025-03-21", "close": 24.524121, "volume": 830842, "typical_volume": 205423.8, "trend": 24.518561, "fair_value": 21.194008, "relative_strength": 0.525057, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.671857, "energy": 5.031158, "activity_lines": [ 24.580516, 24.610355, 24.495205, 24.510878 ] }, { "date": "2025-03-28", "close": 24.466755, "volume": 202056, "typical_volume": 208294.25, "trend": 24.529825, "fair_value": 21.216593, "relative_strength": 1.793246, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.192237, "energy": 5.549767, "activity_lines": [ 24.539089, 24.589522, 24.500335, 24.507535 ] }, { "date": "2025-04-04", "close": 23.051718, "volume": 221690, "typical_volume": 207546.9, "trend": 24.513676, "fair_value": 21.231527, "relative_strength": 5.429367, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.964688, "energy": 45.578798, "activity_lines": [ 24.063265, 24.306368, 24.370738, 24.412174 ] }, { "date": "2025-04-11", "close": 23.223817, "volume": 1230004, "typical_volume": 262011.0, "trend": 24.49, "fair_value": 21.249533, "relative_strength": 0.549686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.330298, "energy": 59.30887, "activity_lines": [ 23.701653, 24.083144, 24.261132, 24.328957 ] }, { "date": "2025-04-18", "close": 23.558454, "volume": 370440, "typical_volume": 270991.55, "trend": 24.461961, "fair_value": 21.272856, "relative_strength": 3.46844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.439958, "energy": 61.536094, "activity_lines": [ 23.553355, 23.943851, 24.187653, 24.268857 ] }, { "date": "2025-04-25", "close": 24.361583, "volume": 126423, "typical_volume": 270297.35, "trend": 24.415613, "fair_value": 21.302646, "relative_strength": 2.334059, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.818184, "energy": 51.982882, "activity_lines": [ 23.752225, 23.969141, 24.193167, 24.262381 ] }, { "date": "2025-05-02", "close": 25.002174, "volume": 131025, "typical_volume": 267369.5, "trend": 24.393121, "fair_value": 21.33884, "relative_strength": 2.1405, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.580266, "energy": 9.579675, "activity_lines": [ 24.175461, 24.121945, 24.261211, 24.300224 ] }, { "date": "2025-05-09", "close": 25.021297, "volume": 253094, "typical_volume": 271663.6, "trend": 24.380973, "fair_value": 21.377117, "relative_strength": 2.718607, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.845224, "energy": 15.317978, "activity_lines": [ 24.569377, 24.278659, 24.329416, 24.340751 ] }, { "date": "2025-05-16", "close": 25.767059, "volume": 274036, "typical_volume": 276263.5, "trend": 24.402448, "fair_value": 21.418218, "relative_strength": 0.611099, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.710317, "energy": 47.935134, "activity_lines": [ 25.080575, 24.550659, 24.465318, 24.430176 ] }, { "date": "2025-05-23", "close": 25.671449, "volume": 278020, "typical_volume": 279858.5, "trend": 24.433259, "fair_value": 21.455897, "relative_strength": 2.922151, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.656574, "energy": 63.754736, "activity_lines": [ 25.390354, 24.78679, 24.585643, 24.512047 ] }, { "date": "2025-05-30", "close": 25.441983, "volume": 269110, "typical_volume": 284958.6, "trend": 24.460804, "fair_value": 21.492212, "relative_strength": 0.308963, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.269486, "energy": 67.639049, "activity_lines": [ 25.482777, 24.964452, 24.677511, 24.577126 ] }, { "date": "2025-06-06", "close": 26.206868, "volume": 195851, "typical_volume": 287691.95, "trend": 24.51854, "fair_value": 21.536375, "relative_strength": 1.682735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.701548, "energy": 75.213221, "activity_lines": [ 25.758136, 25.264495, 24.8335, 24.689775 ] }, { "date": "2025-06-13", "close": 26.359845, "volume": 230118, "typical_volume": 286481.8, "trend": 24.603603, "fair_value": 21.586273, "relative_strength": 2.648082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.078207, "energy": 73.963366, "activity_lines": [ 26.004174, 25.560714, 24.994452, 24.808569 ] }, { "date": "2025-06-20", "close": 26.037637, "volume": 246342, "typical_volume": 290208.3, "trend": 24.667595, "fair_value": 21.632898, "relative_strength": 1.58126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.704833, "energy": 63.445098, "activity_lines": [ 26.053572, 25.738202, 25.116464, 24.901088 ] }, { "date": "2025-06-27", "close": 26.996256, "volume": 320557, "typical_volume": 300126.7, "trend": 24.764668, "fair_value": 21.687913, "relative_strength": 1.806052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.211797, "energy": 73.959561, "activity_lines": [ 26.404472, 26.038824, 25.322422, 25.051324 ] }, { "date": "2025-07-04", "close": 27.306113, "volume": 223463, "typical_volume": 304400.0, "trend": 24.852159, "fair_value": 21.744728, "relative_strength": 1.284104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.927717, "energy": 82.742275, "activity_lines": [ 26.770337, 26.333278, 25.54638, 25.215288 ] }, { "date": "2025-07-11", "close": 27.39326, "volume": 230061, "typical_volume": 306876.3, "trend": 24.943494, "fair_value": 21.804971, "relative_strength": 1.928099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.233526, "energy": 88.970658, "activity_lines": [ 27.040976, 26.590041, 25.767509, 25.37923 ] }, { "date": "2025-07-18", "close": 27.606286, "volume": 630700, "typical_volume": 328936.1, "trend": 25.05295, "fair_value": 21.865305, "relative_strength": 2.084906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.635382, "energy": 89.165365, "activity_lines": [ 27.303531, 26.84206, 25.997653, 25.551023 ] }, { "date": "2025-07-25", "close": 27.780581, "volume": 341865, "typical_volume": 337945.05, "trend": 25.165363, "fair_value": 21.925832, "relative_strength": 1.237504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.443456, "energy": 89.071593, "activity_lines": [ 27.541087, 27.07877, 26.226769, 25.726999 ] }, { "date": "2025-08-01", "close": 27.151184, "volume": 238330, "typical_volume": 342201.35, "trend": 25.260916, "fair_value": 21.982204, "relative_strength": 1.439353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.727093, "energy": 80.013019, "activity_lines": [ 27.452649, 27.164435, 26.381512, 25.855117 ] }, { "date": "2025-08-08", "close": 27.858045, "volume": 229320, "typical_volume": 312125.25, "trend": 25.402525, "fair_value": 22.039998, "relative_strength": 1.609092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.037968, "energy": 66.300733, "activity_lines": [ 27.589502, 27.351716, 26.592143, 26.022673 ] }, { "date": "2025-08-15", "close": 28.158218, "volume": 184196, "typical_volume": 311232.25, "trend": 25.534814, "fair_value": 22.101753, "relative_strength": 1.735758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.843569, "energy": 67.173585, "activity_lines": [ 27.789618, 27.549645, 26.815486, 26.20046 ] }, { "date": "2025-08-22", "close": 28.390611, "volume": 286110, "typical_volume": 314453.25, "trend": 25.660275, "fair_value": 22.163817, "relative_strength": 2.285303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.632545, "energy": 66.917899, "activity_lines": [ 28.016201, 27.754348, 27.043383, 26.384705 ] }, { "date": "2025-08-29", "close": 28.134011, "volume": 200326, "typical_volume": 262969.35, "trend": 25.781619, "fair_value": 22.226293, "relative_strength": 1.389105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.175847, "energy": 63.515053, "activity_lines": [ 28.104962, 27.875474, 27.221418, 26.544301 ] }, { "date": "2025-09-05", "close": 28.41966, "volume": 165294, "typical_volume": 252712.05, "trend": 25.909633, "fair_value": 22.288901, "relative_strength": 2.080589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.382898, "energy": 65.158421, "activity_lines": [ 28.265377, 28.01042, 27.403277, 26.714497 ] }, { "date": "2025-09-12", "close": 29.368596, "volume": 336334, "typical_volume": 263207.6, "trend": 26.056288, "fair_value": 22.360604, "relative_strength": 3.78491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.337631, "energy": 75.713841, "activity_lines": [ 28.65754, 28.29202, 27.652362, 26.937656 ] }, { "date": "2025-09-19", "close": 29.55451, "volume": 347502, "typical_volume": 274031.45, "trend": 26.207239, "fair_value": 22.437678, "relative_strength": 3.118216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.469724, "energy": 82.571829, "activity_lines": [ 29.01097, 28.569923, 27.89531, 27.163348 ] }, { "date": "2025-09-26", "close": 29.109897, "volume": 346882, "typical_volume": 278720.85, "trend": 26.380755, "fair_value": 22.515634, "relative_strength": 1.929147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.230452, "energy": 78.883704, "activity_lines": [ 29.12311, 28.727691, 28.074236, 27.350616 ] }, { "date": "2025-10-03", "close": 29.842775, "volume": 194508, "typical_volume": 274744.45, "trend": 26.550503, "fair_value": 22.596288, "relative_strength": 3.376493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.280628, "energy": 84.409003, "activity_lines": [ 29.43159, 28.991372, 28.30349, 27.573972 ] }, { "date": "2025-10-10", "close": 28.679942, "volume": 278867, "typical_volume": 274786.8, "trend": 26.68149, "fair_value": 22.670932, "relative_strength": 1.83018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.780334, "energy": 58.354446, "activity_lines": [ 29.238541, 29.006134, 28.40259, 27.711355 ] }, { "date": "2025-10-17", "close": 29.862318, "volume": 253520, "typical_volume": 274007.3, "trend": 26.85943, "fair_value": 22.749432, "relative_strength": 4.146376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.94271, "energy": 60.045553, "activity_lines": [ 29.422266, 29.208078, 28.599972, 27.91657 ] }, { "date": "2025-10-24", "close": 30.194556, "volume": 231267, "typical_volume": 275778.1, "trend": 27.050357, "fair_value": 22.833166, "relative_strength": 3.244369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.749051, "energy": 61.618872, "activity_lines": [ 29.683822, 29.433987, 28.807945, 28.131739 ] }, { "date": "2025-10-31", "close": 30.067524, "volume": 339826, "typical_volume": 281263.5, "trend": 27.284217, "fair_value": 22.912574, "relative_strength": 2.064305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.356101, "energy": 57.003802, "activity_lines": [ 29.860364, 29.599776, 28.984832, 28.326395 ] }, { "date": "2025-11-07", "close": 29.87209, "volume": 844982, "typical_volume": 311195.5, "trend": 27.505826, "fair_value": 22.986423, "relative_strength": 2.934326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.153216, "energy": 55.666229, "activity_lines": [ 29.907919, 29.699542, 29.12545, 28.493355 ] }, { "date": "2025-11-14", "close": 30.145698, "volume": 680532, "typical_volume": 329194.25, "trend": 27.725401, "fair_value": 23.062799, "relative_strength": 3.557119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.609022, "energy": 55.676104, "activity_lines": [ 30.044723, 29.817453, 29.273867, 28.663669 ] }, { "date": "2025-11-21", "close": 29.217386, "volume": 815055, "typical_volume": 358773.85, "trend": 27.887261, "fair_value": 23.132622, "relative_strength": 2.181116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.839438, "energy": 42.023612, "activity_lines": [ 29.774373, 29.735197, 29.318876, 28.759926 ] }, { "date": "2025-11-28", "close": 29.823232, "volume": 444951, "typical_volume": 369518.35, "trend": 28.047963, "fair_value": 23.202091, "relative_strength": 0.440235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.504836, "energy": 33.297907, "activity_lines": [ 29.748967, 29.765845, 29.412483, 28.884828 ] }, { "date": "2025-12-05", "close": 30.087067, "volume": 476857, "typical_volume": 361826.2, "trend": 28.216822, "fair_value": 23.273862, "relative_strength": 0.864808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.9527, "energy": 34.038048, "activity_lines": [ 29.83626, 29.839577, 29.519646, 29.016383 ] }, { "date": "2025-12-12", "close": 29.842775, "volume": 480084, "typical_volume": 368737.15, "trend": 28.352679, "fair_value": 23.345214, "relative_strength": 0.512502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.042648, "energy": 27.088433, "activity_lines": [ 29.840821, 29.851125, 29.59173, 29.121283 ] }, { "date": "2025-12-19", "close": 29.886748, "volume": 687984, "typical_volume": 391219.85, "trend": 28.493189, "fair_value": 23.416818, "relative_strength": 0.438063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.358691, "energy": 30.128953, "activity_lines": [ 29.861993, 29.870669, 29.658181, 29.220255 ] }, { "date": "2025-12-26", "close": 30.398642, "volume": 2113767, "typical_volume": 485442.2, "trend": 28.658411, "fair_value": 23.491802, "relative_strength": 0.607736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.308136, "energy": 39.932857, "activity_lines": [ 30.07106, 29.961342, 29.760358, 29.343188 ] }, { "date": "2026-01-02", "close": 31.127107, "volume": 412739, "typical_volume": 496869.35, "trend": 28.822419, "fair_value": 23.567222, "relative_strength": 3.910103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.422249, "energy": 55.458299, "activity_lines": [ 30.444198, 30.174712, 29.919815, 29.502458 ] }, { "date": "2026-01-09", "close": 31.599624, "volume": 790073, "typical_volume": 522067.5, "trend": 28.997078, "fair_value": 23.64458, "relative_strength": 3.631802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.560143, "energy": 77.973059, "activity_lines": [ 30.887916, 30.457039, 30.110136, 29.681633 ] }, { "date": "2026-01-16", "close": 31.894948, "volume": 997362, "typical_volume": 561919.3, "trend": 29.192322, "fair_value": 23.722401, "relative_strength": 4.728218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.902193, "energy": 86.981107, "activity_lines": [ 31.329239, 30.765204, 30.313301, 29.868592 ] }, { "date": "2026-01-23", "close": 32.682478, "volume": 747647, "typical_volume": 591036.95, "trend": 29.381863, "fair_value": 23.803738, "relative_strength": 7.390498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.28578, "energy": 93.820477, "activity_lines": [ 31.896261, 31.179778, 30.573561, 30.093763 ] }, { "date": "2026-01-30", "close": 32.820295, "volume": 713770, "typical_volume": 609908.75, "trend": 29.565669, "fair_value": 23.889558, "relative_strength": 7.124523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.41048, "energy": 92.432401, "activity_lines": [ 32.322839, 31.573286, 30.826646, 30.315598 ] }, { "date": "2026-02-06", "close": 33.253437, "volume": 803794, "typical_volume": 632723.35, "trend": 29.761008, "fair_value": 23.979999, "relative_strength": 8.432166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.966792, "energy": 92.552772, "activity_lines": [ 32.732355, 31.98004, 31.104547, 30.553518 ] }, { "date": "2026-02-13", "close": 33.893304, "volume": 769931, "typical_volume": 653875.8, "trend": 29.970575, "fair_value": 24.07424, "relative_strength": 11.556394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.108828, "energy": 93.303491, "activity_lines": [ 33.213404, 32.440766, 31.425773, 30.820118 ] }, { "date": "2026-02-20", "close": 34.247693, "volume": 677810, "typical_volume": 678040.9, "trend": 30.186146, "fair_value": 24.173599, "relative_strength": 11.108846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.718359, "energy": 92.553623, "activity_lines": [ 33.659671, 32.896722, 31.757973, 31.096061 ] }, { "date": "2026-02-27", "close": 34.267381, "volume": 596195, "typical_volume": 693907.3, "trend": 30.423352, "fair_value": 24.269375, "relative_strength": 11.287371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.944853, "energy": 88.499278, "activity_lines": [ 33.955651, 33.276168, 32.071072, 31.359367 ] }, { "date": "2026-03-06", "close": 31.629157, "volume": 652853, "typical_volume": 713873.95, "trend": 30.549056, "fair_value": 24.351223, "relative_strength": 4.638934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.121045, "energy": 57.592508, "activity_lines": [ 33.266562, 33.096289, 32.106304, 31.437161 ] }, { "date": "2026-03-13", "close": 31.25508, "volume": 678538, "typical_volume": 736237.5, "trend": 30.652285, "fair_value": 24.432174, "relative_strength": 4.855534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.251109, "energy": 31.653323, "activity_lines": [ 32.532191, 32.826023, 32.097497, 31.48271 ] }, { "date": "2026-03-20", "close": 30.809142, "volume": 332954, "typical_volume": 735893.9, "trend": 30.732902, "fair_value": 24.508562, "relative_strength": 5.0967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.754063, "energy": 22.691004, "activity_lines": [ 31.782397, 32.472351, 32.041169, 31.49283 ] }, { "date": "2026-03-27", "close": 30.452967, "volume": 745114, "typical_volume": 730900.5, "trend": 30.810201, "fair_value": 24.57947, "relative_strength": 6.096432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.905868, "energy": 26.404095, "activity_lines": [ 31.119489, 32.068292, 31.947389, 31.47477 ] }, { "date": "2026-04-03", "close": 31.185104, "volume": 739892, "typical_volume": 733868.5, "trend": 30.902382, "fair_value": 24.655069, "relative_strength": 4.98294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.81485, "energy": 24.648525, "activity_lines": [ 30.953609, 31.823566, 31.920569, 31.498957 ] }, { "date": "2026-04-10", "close": 33.282579, "volume": 817450, "typical_volume": 733988.25, "trend": 31.032849, "fair_value": 24.741492, "relative_strength": 7.91872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.666826, "energy": 20.29485, "activity_lines": [ 31.692372, 31.987425, 32.08856, 31.652518 ] }, { "date": "2026-04-17", "close": 34.598448, "volume": 321353, "typical_volume": 727808.35, "trend": 31.20098, "fair_value": 24.837739, "relative_strength": 7.181847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.529377, "energy": 35.440065, "activity_lines": [ 32.75953, 32.382127, 32.362513, 31.882557 ] }, { "date": "2026-04-24", "close": 34.588555, "volume": 272875, "typical_volume": 717609.25, "trend": 31.383602, "fair_value": 24.932686, "relative_strength": 6.414412, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.427563, "energy": 59.019159, "activity_lines": [ 33.600499, 32.750576, 32.612785, 32.10111 ] }, { "date": "2026-05-01", "close": 34.910102, "volume": 231855, "typical_volume": 705197.8, "trend": 31.552513, "fair_value": 25.029526, "relative_strength": 6.232122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.006586, "energy": 73.831489, "activity_lines": [ 34.296689, 33.164848, 32.872245, 32.328626 ] }, { "date": "2026-05-08", "close": 36.458474, "volume": 357040, "typical_volume": 688650.6, "trend": 31.811797, "fair_value": 25.137359, "relative_strength": 8.182414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.967786, "energy": 84.85609, "activity_lines": [ 35.211861, 33.848597, 33.255039, 32.64514 ] }, { "date": "2026-05-15", "close": 35.241542, "volume": 385274, "typical_volume": 602225.95, "trend": 31.991104, "fair_value": 25.237728, "relative_strength": 4.184841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.740248, "energy": 76.345117, "activity_lines": [ 35.369831, 34.271248, 33.49064, 32.866414 ] }, { "date": "2026-05-22", "close": 35.439417, "volume": 439045, "typical_volume": 603541.25, "trend": 32.165933, "fair_value": 25.340827, "relative_strength": 3.743394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.757357, "energy": 68.951257, "activity_lines": [ 35.463162, 34.664197, 33.722026, 33.088886 ] }, { "date": "2026-05-29", "close": 36.705817, "volume": 2817540, "typical_volume": 704914.6, "trend": 32.38721, "fair_value": 25.450223, "relative_strength": 5.695244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.691444, "energy": 66.5593, "activity_lines": [ 35.922562, 35.211321, 34.053486, 33.381781 ] }, { "date": "2026-06-05", "close": 34.78643, "volume": 502289, "typical_volume": 680160.95, "trend": 32.551021, "fair_value": 25.54537, "relative_strength": 2.613635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.451251, "energy": 45.177271, "activity_lines": [ 35.601015, 35.302254, 34.177832, 33.53657 ] }, { "date": "2026-06-12", "close": 36.498049, "volume": 621639, "typical_volume": 673860.55, "trend": 32.762766, "fair_value": 25.6492, "relative_strength": 6.849799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.169355, "energy": 48.221611, "activity_lines": [ 35.858253, 35.6256, 34.45142, 33.791217 ] }, { "date": "2026-06-19", "close": 37.62, "volume": 262219, "typical_volume": 651283.0, "trend": 33.042853, "fair_value": 25.764723, "relative_strength": 8.844551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.098877, "energy": 55.327516, "activity_lines": [ 36.486836, 36.056338, 34.813692, 34.104587 ] }, { "date": "2026-06-26", "close": 35.825, "volume": 411514, "typical_volume": 631669.0, "trend": 33.242912, "fair_value": 25.86731, "relative_strength": 5.965559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.394947, "energy": 42.718099, "activity_lines": [ 36.358522, 36.08185, 34.982155, 34.28408 ] }, { "date": "2026-07-03", "close": 35.26, "volume": 222816, "typical_volume": 604313.25, "trend": 33.415343, "fair_value": 25.96619, "relative_strength": 1.9482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.794048, "energy": 39.250491, "activity_lines": [ 36.016169, 35.982334, 35.084564, 34.414215 ] }, { "date": "2026-07-10", "close": 35.9, "volume": 399222, "typical_volume": 590383.85, "trend": 33.617251, "fair_value": 26.065008, "relative_strength": 2.267341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.624262, "energy": 31.831366, "activity_lines": [ 35.983537, 35.986973, 35.241416, 34.574515 ] }, { "date": "2026-07-17", "close": 34.38, "volume": 285582, "typical_volume": 574853.2, "trend": 33.767026, "fair_value": 26.155304, "relative_strength": -0.599436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.741635, "energy": 18.524432, "activity_lines": [ 35.37, 35.697251, 35.245639, 34.623725 ] }, { "date": "2026-07-24", "close": 34.31, "volume": 390386, "typical_volume": 561729.85, "trend": 33.897404, "fair_value": 26.240317, "relative_strength": -0.313132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.63478, "energy": 17.612844, "activity_lines": [ 34.874333, 35.432592, 35.242659, 34.658755 ] }, { "date": "2026-07-31", "close": 34.81, "volume": 421200, "typical_volume": 548862.95, "trend": 34.020167, "fair_value": 26.332094, "relative_strength": -0.057896, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.592632, "energy": 16.63912, "activity_lines": [ 34.766, 35.275779, 35.274531, 34.717633 ] }, { "date": "2026-08-07", "close": 35.5975, "volume": 382054, "typical_volume": 551317.95, "trend": 34.15343, "fair_value": 26.430566, "relative_strength": -1.33832, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.581492, "energy": 14.913619, "activity_lines": [ 34.987833, 35.273591, 35.364476, 34.819396 ] } ], "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." } } }