{ "ticker": { "uuid": "8c784daa-aca2-42a8-818e-d8842a11b797", "symbol": "221A", "name": "MAXIS Nikkei Semiconductor Stock (Japan) ETF", "exchange": "JPX", "country": "JP", "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": "^N225", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 12.624, "architecture_energy": 22.506, "architecture_maturity": 66.41, "architecture_confidence": 70.804, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 53.63, "rotation_up": 15.15, "upward_expansion": 51.74, "deceleration": 94.0, "rotation_down": 46.69, "downward_expansion": 24.74 }, "activity_lines": [ 1136.678328, 1228.776042, 1221.36271, 1144.04554 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 1108.0, "trend_reference": 1037.811637, "distance_from_trend": 0.067631, "trend_direction": "Improving", "fair_value": 615.844951, "distance_from_fair_value": 0.799154, "fair_value_direction": "Weakening", "relative_strength": 15.322928, "relative_strength_direction": "Weakening", "price_momentum": 0.420513, "excess_performance": 0.211255, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.067631, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.285773, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.799154, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.321177, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.153229, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.262719, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.420513, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.358639, "read": "Supply-led" } ], "volume": { "latest": 2578720, "relative_activity": 2.223169, "balance": 0.358639, "dry_up": 2.525885, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.165472, "annualized_volatility": 0.597365, "from_high_reference": -0.335532, "from_low_reference": 1.626089 }, "levels": { "trend_reference": 1037.811637, "fair_value_reference": 615.844951, "structural_low": 728.900024, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": 0.27275, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.152471, "regime_survival": 0.0, "best_return": 0.27275, "worst_return": 0.27275, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.713709, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.400842, "regime_survival": 0.0, "best_return": 0.713709, "worst_return": 0.713709, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": -0.01078, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.213347, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.08206, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.06734, "active": true } ], "chart_path": [ { "date": "2024-07-19", "close": 506.85614, "volume": 378990, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 438.428619, "volume": 1082320, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 420.903259, "volume": 320100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 409.58075, "volume": 354350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 456.052429, "volume": 182850, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 441.185425, "volume": 122860, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 440.200836, "volume": 70550, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 385.163452, "volume": 216300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 390.677002, "volume": 168840, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 404.657898, "volume": 63990, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 437.640991, "volume": 105110, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 420.70636, "volume": 123630, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 426.712219, "volume": 56930, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 416.866547, "volume": 145210, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 413.519012, "volume": 141650, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 419.426422, "volume": 231730, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 437.247131, "volume": 112920, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 420.017181, "volume": 129350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 418.934143, "volume": 109160, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 410.565308, "volume": 475710, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 411.352966, "volume": 58280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 414.405121, "volume": 130930, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 406.627014, "volume": 50910, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 424.349274, "volume": 104050, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 418.638794, "volume": 12040, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 443.056091, "volume": 189310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 428.287537, "volume": 56120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 447.486633, "volume": 145290, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 428.692963, "volume": 136510, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 431.561493, "volume": 387150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 435.122406, "volume": 37170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 450.552979, "volume": 40680, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 420.087494, "volume": 75230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 387.346985, "volume": 101330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 399.117706, "volume": 250570, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 399.612305, "volume": 85850, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 385.764313, "volume": 53520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 323.052917, "volume": 1301630, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 327.405121, "volume": 1481910, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 325.327942, "volume": 49330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 349.957489, "volume": 34030, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 357.079315, "volume": 28710, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 366.476135, "volume": 630180, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 383.983917, "volume": 103160, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 373.499023, "volume": 268410, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 390.611145, "volume": 121030, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 395.952454, "volume": 76010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 398.128571, "volume": 77330, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 423.846191, "volume": 75750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 453.718231, "volume": 241180, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 450.355133, "volume": 183390, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 458.960663, "volume": 88510, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 459.05957, "volume": 137360, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 461.235657, "volume": 186120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 434.262238, "volume": 101720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 429.683746, "volume": 135360, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 445.907593, "volume": 75750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 432.769226, "volume": 23450, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 445.609009, "volume": 53690, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 433.665039, "volume": 110510, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 473.279144, "volume": 111770, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 510.404938, "volume": 551190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 511.599335, "volume": 114940, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 538.473206, "volume": 183900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 564.252258, "volume": 342840, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 560.171387, "volume": 159790, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 557.38446, "volume": 109530, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 638.304749, "volume": 1861490, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 600.880371, "volume": 532150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 584.35791, "volume": 188810, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 566.043884, "volume": 293420, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 586.547607, "volume": 92130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 603.169617, "volume": 110970, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 614.217773, "volume": 51630, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 584.756042, "volume": 62260, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 616.108948, "volume": 68700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 623.573914, "volume": 16410, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 675.430542, "volume": 165760, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 741.520447, "volume": 110080, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 788.5, "volume": 259970, "typical_volume": 269387.0, "trend": 546.34948, "fair_value": 461.336576, "relative_strength": 31.723735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.141932, "energy": 95.060131, "activity_lines": [ 719.875346, 671.874522, 631.316607, 594.057425 ] }, { "date": "2026-01-30", "close": 785.0, "volume": 215850, "typical_volume": 274591.0, "trend": 557.504309, "fair_value": 465.33242, "relative_strength": 31.542924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.362578, "energy": 93.263032, "activity_lines": [ 751.866423, 698.240544, 649.226243, 609.454233 ] }, { "date": "2026-02-06", "close": 780.0, "volume": 254050, "typical_volume": 259734.0, "trend": 568.20562, "fair_value": 469.16983, "relative_strength": 27.749042, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.078134, "energy": 90.354308, "activity_lines": [ 770.931429, 719.716455, 665.175303, 623.808794 ] }, { "date": "2026-02-13", "close": 850.700012, "volume": 212940, "typical_volume": 264634.0, "trend": 581.260302, "fair_value": 473.766579, "relative_strength": 31.88839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.061289, "energy": 94.681429, "activity_lines": [ 803.1347, 750.529598, 686.573912, 642.034238 ] }, { "date": "2026-02-20", "close": 836.799988, "volume": 241260, "typical_volume": 267502.0, "trend": 593.779113, "fair_value": 478.088405, "relative_strength": 29.31681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.506753, "energy": 88.909108, "activity_lines": [ 819.019999, 774.31491, 705.033943, 658.52067 ] }, { "date": "2026-02-27", "close": 867.0, "volume": 176110, "typical_volume": 259165.5, "trend": 608.203705, "fair_value": 482.663836, "relative_strength": 28.630269, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.923731, "energy": 80.816625, "activity_lines": [ 838.619999, 799.544185, 724.949563, 676.147824 ] }, { "date": "2026-03-06", "close": 832.0, "volume": 237850, "typical_volume": 263068.5, "trend": 621.614247, "fair_value": 486.725884, "relative_strength": 29.634298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.397333, "energy": 66.408575, "activity_lines": [ 841.319999, 813.278115, 740.090193, 690.586294 ] }, { "date": "2026-03-13", "close": 826.099976, "volume": 275340, "typical_volume": 271359.0, "trend": 634.287326, "fair_value": 490.626736, "relative_strength": 32.015617, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.351354, "energy": 60.408438, "activity_lines": [ 838.919991, 822.014022, 753.374494, 703.778922 ] }, { "date": "2026-03-20", "close": 818.700012, "volume": 98480, "typical_volume": 183208.5, "trend": 647.151686, "fair_value": 494.354841, "relative_strength": 30.904213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.325043, "energy": 53.952197, "activity_lines": [ 830.979997, 825.722188, 764.674439, 715.676515 ] }, { "date": "2026-03-27", "close": 780.0, "volume": 126280, "typical_volume": 162915.0, "trend": 658.298052, "fair_value": 497.564338, "relative_strength": 23.856946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.362699, "energy": 38.334232, "activity_lines": [ 812.273332, 819.789089, 771.429644, 724.247374 ] }, { "date": "2026-04-03", "close": 791.200012, "volume": 177890, "typical_volume": 162369.0, "trend": 670.215884, "fair_value": 500.826956, "relative_strength": 25.13851, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.816855, "energy": 28.872741, "activity_lines": [ 801.08667, 815.192728, 778.398565, 732.821694 ] }, { "date": "2026-04-10", "close": 917.099976, "volume": 273750, "typical_volume": 161385.5, "trend": 685.009912, "fair_value": 505.401385, "relative_strength": 33.989173, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.60702, "energy": 45.266427, "activity_lines": [ 836.919995, 833.438178, 796.372998, 748.7497 ] }, { "date": "2026-04-17", "close": 960.0, "volume": 759820, "typical_volume": 194770.0, "trend": 699.996414, "fair_value": 510.342674, "relative_strength": 35.012597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.570391, "energy": 54.850565, "activity_lines": [ 881.379997, 857.081815, 816.761451, 766.490996 ] }, { "date": "2026-04-24", "close": 992.799988, "volume": 307730, "typical_volume": 204608.0, "trend": 716.036436, "fair_value": 515.530387, "relative_strength": 35.265693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.221392, "energy": 78.352948, "activity_lines": [ 927.846659, 883.416359, 838.495367, 785.381549 ] }, { "date": "2026-05-01", "close": 1007.0, "volume": 281810, "typical_volume": 216117.0, "trend": 731.653996, "fair_value": 520.758787, "relative_strength": 36.129542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.945801, "energy": 89.394639, "activity_lines": [ 967.439994, 909.749087, 859.726283, 804.153392 ] }, { "date": "2026-05-08", "close": 1117.5, "volume": 349260, "typical_volume": 230467.0, "trend": 750.095587, "fair_value": 527.040274, "relative_strength": 41.594827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.913205, "energy": 94.683372, "activity_lines": [ 1028.733329, 953.078178, 889.610617, 829.046682 ] }, { "date": "2026-05-15", "close": 1073.5, "volume": 683420, "typical_volume": 261203.0, "trend": 767.206541, "fair_value": 532.732563, "relative_strength": 37.374229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.520481, "energy": 88.984635, "activity_lines": [ 1053.606665, 983.852724, 912.767599, 849.911483 ] }, { "date": "2026-05-22", "close": 1156.0, "volume": 1396710, "typical_volume": 330218.0, "trend": 787.160392, "fair_value": 539.158, "relative_strength": 41.668944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.481652, "energy": 89.743992, "activity_lines": [ 1095.553333, 1025.236361, 941.603671, 874.994932 ] }, { "date": "2026-05-29", "close": 1238.0, "volume": 1244980, "typical_volume": 384179.0, "trend": 807.150234, "fair_value": 546.289041, "relative_strength": 43.088985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.078975, "energy": 89.600968, "activity_lines": [ 1151.766667, 1075.530907, 975.713905, 904.081358 ] }, { "date": "2026-06-05", "close": 1355.0, "volume": 208060, "typical_volume": 389078.0, "trend": 832.287555, "fair_value": 554.457839, "relative_strength": 53.768878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.901625, "energy": 93.506313, "activity_lines": [ 1230.633333, 1139.474544, 1018.288093, 939.426505 ] }, { "date": "2026-06-12", "close": 1400.0, "volume": 336210, "typical_volume": 392890.0, "trend": 859.475625, "fair_value": 562.91326, "relative_strength": 57.793076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.726232, "energy": 96.027998, "activity_lines": [ 1301.3, 1201.145453, 1062.226665, 976.053114 ] }, { "date": "2026-06-19", "close": 1660.0, "volume": 566530, "typical_volume": 410424.0, "trend": 895.940828, "fair_value": 573.775505, "relative_strength": 70.374468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.618145, "energy": 98.799783, "activity_lines": [ 1439.8, 1299.02, 1128.015236, 1027.699848 ] }, { "date": "2026-06-26", "close": 1402.136052, "volume": 971920, "typical_volume": 446317.5, "trend": 923.12711, "fair_value": 581.896687, "relative_strength": 45.997832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.284911, "energy": 83.906417, "activity_lines": [ 1453.245351, 1336.502918, 1165.07867, 1060.357604 ] }, { "date": "2026-07-03", "close": 1355.886602, "volume": 718220, "typical_volume": 471581.5, "trend": 948.217676, "fair_value": 589.411152, "relative_strength": 38.838973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.342578, "energy": 66.579427, "activity_lines": [ 1434.865148, 1357.538009, 1194.774842, 1088.277571 ] }, { "date": "2026-07-10", "close": 1309.637151, "volume": 3076610, "typical_volume": 613349.0, "trend": 971.398322, "fair_value": 596.336402, "relative_strength": 35.032117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.520976, "energy": 61.161335, "activity_lines": [ 1393.209355, 1363.562534, 1217.660653, 1111.594957 ] }, { "date": "2026-07-17", "close": 1074.268883, "volume": 2666780, "typical_volume": 737882.5, "trend": 987.715417, "fair_value": 600.88814, "relative_strength": 17.556911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.627919, "energy": 25.63618, "activity_lines": [ 1276.121662, 1321.290334, 1215.878834, 1118.231767 ] }, { "date": "2026-07-24", "close": 1188.0, "volume": 1770290, "typical_volume": 814504.5, "trend": 1006.778452, "fair_value": 606.426931, "relative_strength": 27.804137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.006868, "energy": 27.11498, "activity_lines": [ 1218.659749, 1300.48254, 1223.941554, 1131.153353 ] }, { "date": "2026-07-31", "close": 1122.0, "volume": 4703610, "typical_volume": 1035918.0, "trend": 1023.392655, "fair_value": 611.245371, "relative_strength": 20.081426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.447391, "energy": 24.524602, "activity_lines": [ 1170.664504, 1265.592927, 1224.023323, 1138.587001 ] }, { "date": "2026-08-07", "close": 1108.0, "volume": 2578720, "typical_volume": 1159930.0, "trend": 1037.811637, "fair_value": 615.844951, "relative_strength": 15.322928, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.623608, "energy": 22.506229, "activity_lines": [ 1136.678328, 1228.776042, 1221.36271, 1144.04554 ] } ], "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." } } }