{ "ticker": { "uuid": "8e0e6df0-3737-4333-8b19-53c070fd5d8a", "symbol": "CLOA", "name": "BlackRock AAA CLO ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.897, "architecture_energy": 86.2, "architecture_maturity": 100.0, "architecture_confidence": 78.623, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 27.99, "rotation_up": 67.82, "upward_expansion": 93.21, "deceleration": 46.13, "rotation_down": 19.98, "downward_expansion": 19.87 }, "activity_lines": [ 51.752137, 51.706589, 51.640467, 51.542097 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 51.815, "trend_reference": 51.397918, "distance_from_trend": 0.008115, "trend_direction": "Improving", "fair_value": 48.199604, "distance_from_fair_value": 0.075009, "fair_value_direction": "Weakening", "relative_strength": -11.185757, "relative_strength_direction": "Improving", "price_momentum": 0.014529, "excess_performance": -0.172924, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008115, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007131, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.075009, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.009239, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.111858, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.040227, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.014529, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.75691, "read": "Demand-led" } ], "volume": { "latest": 1751659, "relative_activity": 0.704624, "balance": 7.75691, "dry_up": 0.77174, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.001777, "annualized_volatility": 0.008411, "from_high_reference": -0.000482, "from_low_reference": 0.043118 }, "levels": { "trend_reference": 51.397918, "fair_value_reference": 48.199604, "structural_low": 50.947, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": 0.004382, "positive_rate": 0.884615, "directional_follow_through": 0.884615, "median_excess_return": -0.00448, "regime_survival": 0.961538, "best_return": 0.006234, "worst_return": -0.001332, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.013992, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.033115, "regime_survival": 0.875, "best_return": 0.017189, "worst_return": 0.003632, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.026929, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.074463, "regime_survival": 1.0, "best_return": 0.032789, "worst_return": 0.013611, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.050734, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.164783, "regime_survival": 1.0, "best_return": 0.058439, "worst_return": 0.043028, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2025-04-04", "tenure": "Extended", "return": 0.030092, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.015782, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2026-08-07", "tenure": "Extended", "return": 0.058894, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 43.577262, "volume": 28760, "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": "2023-08-25", "close": 43.688102, "volume": 21271, "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": "2023-09-01", "close": 43.786692, "volume": 21171, "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": "2023-09-08", "close": 43.833853, "volume": 42936, "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": "2023-09-15", "close": 43.902451, "volume": 75569, "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": "2023-09-22", "close": 43.911026, "volume": 79124, "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": "2023-09-29", "close": 43.988198, "volume": 106472, "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": "2023-10-06", "close": 44.016057, "volume": 51644, "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": "2023-10-13", "close": 44.050526, "volume": 29362, "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": "2023-10-20", "close": 44.093611, "volume": 77160, "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": "2023-10-27", "close": 44.102228, "volume": 45407, "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": "2023-11-03", "close": 44.136517, "volume": 59444, "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": "2023-11-10", "close": 44.275093, "volume": 39189, "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": "2023-11-17", "close": 44.370364, "volume": 42884, "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": "2023-11-24", "close": 44.448313, "volume": 92532, "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": "2023-12-01", "close": 44.552044, "volume": 46599, "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": "2023-12-08", "close": 44.630404, "volume": 47558, "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": "2023-12-15", "close": 44.705128, "volume": 194027, "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": "2023-12-22", "close": 44.827752, "volume": 74400, "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": "2023-12-29", "close": 44.897823, "volume": 59804, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 44.976652, "volume": 97640, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 45.051102, "volume": 88393, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 45.186865, "volume": 177792, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 45.239418, "volume": 199628, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 45.316433, "volume": 88181, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 45.386828, "volume": 84540, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 45.466022, "volume": 122081, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 45.518817, "volume": 97145, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 45.565369, "volume": 164862, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 45.57863, "volume": 173670, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 45.613994, "volume": 168195, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 45.671459, "volume": 235406, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 45.733344, "volume": 128533, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 45.838279, "volume": 116230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 45.927174, "volume": 1987995, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 45.984955, "volume": 304629, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 46.047181, "volume": 248227, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 46.136979, "volume": 716235, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 46.208412, "volume": 228040, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 46.244129, "volume": 222728, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 46.395925, "volume": 279598, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 46.395925, "volume": 389190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 46.469613, "volume": 398428, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 46.501029, "volume": 228116, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 46.577327, "volume": 290434, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 46.622208, "volume": 404191, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 46.703548, "volume": 397079, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 46.739634, "volume": 335733, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 46.793762, "volume": 446289, "typical_volume": 384947.3, "trend": 45.892961, "fair_value": 44.141851, "relative_strength": -10.517273, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.07956, "energy": 74.623502, "activity_lines": [ 46.723982, 46.629991, 46.419897, 46.205634 ] }, { "date": "2024-07-26", "close": 46.856911, "volume": 1020282, "typical_volume": 427277.9, "trend": 45.958264, "fair_value": 44.17537, "relative_strength": -7.817708, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.325961, "energy": 75.065675, "activity_lines": [ 46.780521, 46.686827, 46.481586, 46.267825 ] }, { "date": "2024-08-02", "close": 46.969388, "volume": 676958, "typical_volume": 452716.05, "trend": 46.024689, "fair_value": 44.209444, "relative_strength": -4.453962, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.538427, "energy": 76.901595, "activity_lines": [ 46.855912, 46.752972, 46.5479, 46.333059 ] }, { "date": "2024-08-09", "close": 46.951256, "volume": 370985, "typical_volume": 459495.0, "trend": 46.088027, "fair_value": 44.242478, "relative_strength": -4.585664, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.452108, "energy": 72.933595, "activity_lines": [ 46.902115, 46.805395, 46.606033, 46.392837 ] }, { "date": "2024-08-16", "close": 46.996585, "volume": 378384, "typical_volume": 471987.55, "trend": 46.148351, "fair_value": 44.275265, "relative_strength": -9.06596, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.272904, "energy": 72.801452, "activity_lines": [ 46.946913, 46.855961, 46.662389, 46.451454 ] }, { "date": "2024-08-23", "close": 47.06911, "volume": 334540, "typical_volume": 482903.05, "trend": 46.209341, "fair_value": 44.308133, "relative_strength": -9.504196, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.055073, "energy": 74.560267, "activity_lines": [ 46.998756, 46.910133, 46.719637, 46.510858 ] }, { "date": "2024-08-30", "close": 47.123504, "volume": 476676, "typical_volume": 407337.1, "trend": 46.269577, "fair_value": 44.34087, "relative_strength": -8.40036, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.841132, "energy": 73.82463, "activity_lines": [ 47.050374, 46.963866, 46.776203, 46.569836 ] }, { "date": "2024-09-06", "close": 47.189977, "volume": 651132, "typical_volume": 424662.25, "trend": 46.329682, "fair_value": 44.373619, "relative_strength": -2.401876, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.443624, "energy": 74.407028, "activity_lines": [ 47.106377, 47.019755, 46.833404, 46.629216 ] }, { "date": "2024-09-13", "close": 47.226438, "volume": 655570, "typical_volume": 445029.4, "trend": 46.388362, "fair_value": 44.406037, "relative_strength": -7.474621, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.427681, "energy": 73.317279, "activity_lines": [ 47.159828, 47.071949, 46.888339, 46.687072 ] }, { "date": "2024-09-20", "close": 47.2629, "volume": 396455, "typical_volume": 429040.4, "trend": 46.446498, "fair_value": 44.438137, "relative_strength": -8.3492, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.762286, "energy": 72.734884, "activity_lines": [ 47.207087, 47.121266, 46.941131, 46.743494 ] }, { "date": "2024-09-27", "close": 47.381399, "volume": 267052, "typical_volume": 430991.0, "trend": 46.507033, "fair_value": 44.47084, "relative_strength": -8.629046, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.994979, "energy": 75.272764, "activity_lines": [ 47.276091, 47.182615, 46.999847, 46.80381 ] }, { "date": "2024-10-04", "close": 47.447247, "volume": 720322, "typical_volume": 455870.7, "trend": 46.56932, "fair_value": 44.503547, "relative_strength": -8.208873, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.102726, "energy": 78.887493, "activity_lines": [ 47.346226, 47.245251, 47.059249, 46.864469 ] }, { "date": "2024-10-11", "close": 47.465573, "volume": 398565, "typical_volume": 461819.05, "trend": 46.631039, "fair_value": 44.535743, "relative_strength": -8.881134, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.201369, "energy": 76.122908, "activity_lines": [ 47.400886, 47.300486, 47.114667, 46.922292 ] }, { "date": "2024-10-18", "close": 47.511389, "volume": 499855, "typical_volume": 467352.3, "trend": 46.69237, "fair_value": 44.567739, "relative_strength": -8.512812, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.476429, "energy": 77.848709, "activity_lines": [ 47.452445, 47.35503, 47.169355, 46.979088 ] }, { "date": "2024-10-25", "close": 47.566369, "volume": 738126, "typical_volume": 484337.2, "trend": 46.753471, "fair_value": 44.59964, "relative_strength": -8.015712, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.270611, "energy": 79.375336, "activity_lines": [ 47.503334, 47.409385, 47.223967, 47.035475 ] }, { "date": "2024-11-01", "close": 47.610546, "volume": 1312060, "typical_volume": 538534.4, "trend": 46.812546, "fair_value": 44.631334, "relative_strength": -6.038828, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.948882, "energy": 73.149132, "activity_lines": [ 47.548718, 47.461414, 47.277564, 47.09077 ] }, { "date": "2024-11-08", "close": 47.730286, "volume": 611901, "typical_volume": 554607.75, "trend": 46.87265, "fair_value": 44.663614, "relative_strength": -10.281637, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.116092, "energy": 85.845545, "activity_lines": [ 47.618738, 47.525369, 47.337282, 47.149979 ] }, { "date": "2024-11-15", "close": 47.757918, "volume": 965215, "typical_volume": 582658.95, "trend": 46.931749, "fair_value": 44.695514, "relative_strength": -6.714461, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.784389, "energy": 86.306833, "activity_lines": [ 47.6791, 47.583315, 47.39414, 47.207094 ] }, { "date": "2024-11-22", "close": 47.859237, "volume": 596365, "typical_volume": 592623.25, "trend": 46.992151, "fair_value": 44.727797, "relative_strength": -7.872293, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.125048, "energy": 86.804384, "activity_lines": [ 47.753745, 47.649357, 47.45524, 47.266931 ] }, { "date": "2024-11-29", "close": 47.877658, "volume": 271441, "typical_volume": 589408.65, "trend": 47.050173, "fair_value": 44.759614, "relative_strength": -8.188113, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.158608, "energy": 94.376628, "activity_lines": [ 47.811341, 47.707243, 47.512591, 47.324061 ] }, { "date": "2024-12-06", "close": 47.942691, "volume": 837118, "typical_volume": 608950.1, "trend": 47.107983, "fair_value": 44.791445, "relative_strength": -10.591322, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.764396, "energy": 73.96941, "activity_lines": [ 47.869861, 47.765775, 47.570717, 47.381643 ] }, { "date": "2024-12-13", "close": 47.998234, "volume": 391121, "typical_volume": 577492.05, "trend": 47.166453, "fair_value": 44.823195, "relative_strength": -10.824658, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.16005, "energy": 74.139364, "activity_lines": [ 47.924753, 47.824201, 47.628661, 47.439078 ] }, { "date": "2024-12-20", "close": 48.049042, "volume": 746864, "typical_volume": 580987.35, "trend": 47.221557, "fair_value": 44.854821, "relative_strength": -8.380524, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.483777, "energy": 73.819128, "activity_lines": [ 47.978718, 47.881847, 47.68601, 47.49602 ] }, { "date": "2024-12-27", "close": 48.12345, "volume": 243473, "typical_volume": 574611.75, "trend": 47.279141, "fair_value": 44.886555, "relative_strength": -8.753411, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.213372, "energy": 74.833506, "activity_lines": [ 48.038077, 47.942413, 47.745303, 47.554206 ] }, { "date": "2025-01-03", "close": 48.188557, "volume": 412068, "typical_volume": 576295.95, "trend": 47.336439, "fair_value": 44.918305, "relative_strength": -7.556864, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.924316, "energy": 86.810544, "activity_lines": [ 48.101525, 48.003688, 47.805215, 47.612878 ] }, { "date": "2025-01-10", "close": 48.197858, "volume": 881849, "typical_volume": 603661.4, "trend": 47.393, "fair_value": 44.949539, "relative_strength": -5.179235, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.71462, "energy": 81.026583, "activity_lines": [ 48.147346, 48.055342, 47.860337, 47.668454 ] }, { "date": "2025-01-17", "close": 48.328072, "volume": 943155, "typical_volume": 626985.35, "trend": 47.451358, "fair_value": 44.981412, "relative_strength": -7.302481, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.49476, "energy": 84.213899, "activity_lines": [ 48.21956, 48.119993, 47.922486, 47.728781 ] }, { "date": "2025-01-24", "close": 48.318771, "volume": 2054182, "typical_volume": 697137.85, "trend": 47.50791, "fair_value": 45.012602, "relative_strength": -8.416407, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.338993, "energy": 72.736904, "activity_lines": [ 48.266685, 48.172084, 47.978012, 47.784743 ] }, { "date": "2025-01-31", "close": 48.383878, "volume": 974944, "typical_volume": 713106.55, "trend": 47.563921, "fair_value": 45.043818, "relative_strength": -6.759063, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.220305, "energy": 73.74692, "activity_lines": [ 48.317531, 48.225815, 48.034364, 47.841257 ] }, { "date": "2025-02-07", "close": 48.47129, "volume": 1763390, "typical_volume": 781453.3, "trend": 47.621643, "fair_value": 45.075263, "relative_strength": -6.49011, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.33224, "energy": 75.261139, "activity_lines": [ 48.380152, 48.2859, 48.09353, 47.899797 ] }, { "date": "2025-02-14", "close": 48.47129, "volume": 1656920, "typical_volume": 850946.7, "trend": 47.677561, "fair_value": 45.106136, "relative_strength": -8.850907, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.911341, "energy": 72.573499, "activity_lines": [ 48.423924, 48.335192, 48.146941, 47.954613 ] }, { "date": "2025-02-21", "close": 48.461946, "volume": 1307926, "typical_volume": 880326.9, "trend": 47.731062, "fair_value": 45.136368, "relative_strength": -6.546403, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.384291, "energy": 71.36235, "activity_lines": [ 48.446352, 48.373174, 48.194272, 48.005218 ] }, { "date": "2025-02-28", "close": 48.592772, "volume": 1386434, "typical_volume": 929720.35, "trend": 47.785175, "fair_value": 45.167229, "relative_strength": -2.854379, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.045075, "energy": 74.403323, "activity_lines": [ 48.503465, 48.426512, 48.249231, 48.060813 ] }, { "date": "2025-03-07", "close": 48.554776, "volume": 1190461, "typical_volume": 964250.65, "trend": 47.838625, "fair_value": 45.197207, "relative_strength": 0.414646, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.679243, "energy": 70.910087, "activity_lines": [ 48.529645, 48.463055, 48.295204, 48.110464 ] }, { "date": "2025-03-14", "close": 48.536007, "volume": 1342177, "typical_volume": 994453.2, "trend": 47.889939, "fair_value": 45.226495, "relative_strength": 3.005989, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.126565, "energy": 67.790683, "activity_lines": [ 48.538176, 48.488343, 48.334421, 48.155457 ] }, { "date": "2025-03-21", "close": 48.465624, "volume": 1234149, "typical_volume": 990557.65, "trend": 47.93649, "fair_value": 45.254661, "relative_strength": 2.644258, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.037505, "energy": 65.700443, "activity_lines": [ 48.518931, 48.494517, 48.362317, 48.192598 ] }, { "date": "2025-03-28", "close": 48.56416, "volume": 743009, "typical_volume": 997113.05, "trend": 47.984512, "fair_value": 45.283191, "relative_strength": 5.310708, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.430141, "energy": 65.469816, "activity_lines": [ 48.532909, 48.513739, 48.395526, 48.233092 ] }, { "date": "2025-04-04", "close": 48.201883, "volume": 1965684, "typical_volume": 1047136.5, "trend": 48.018242, "fair_value": 45.308137, "relative_strength": 15.756079, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.397131, "energy": 32.054122, "activity_lines": [ 48.419314, 48.462799, 48.390261, 48.247116 ] }, { "date": "2025-04-11", "close": 48.107591, "volume": 5774585, "typical_volume": 1306047.5, "trend": 48.047614, "fair_value": 45.331862, "relative_strength": 7.453127, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.784029, "energy": 16.677125, "activity_lines": [ 48.300348, 48.39684, 48.373902, 48.252881 ] }, { "date": "2025-04-18", "close": 48.503616, "volume": 973535, "typical_volume": 1341152.2, "trend": 48.088971, "fair_value": 45.358515, "relative_strength": 10.901377, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.129313, "energy": 22.118811, "activity_lines": [ 48.343202, 48.40791, 48.394077, 48.2823 ] }, { "date": "2025-04-25", "close": 48.654483, "volume": 1141596, "typical_volume": 1356376.1, "trend": 48.131407, "fair_value": 45.385981, "relative_strength": 4.639018, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.968129, "energy": 23.313958, "activity_lines": [ 48.438505, 48.445822, 48.42564, 48.318785 ] }, { "date": "2025-05-02", "close": 48.866808, "volume": 832989, "typical_volume": 1378469.5, "trend": 48.178726, "fair_value": 45.414749, "relative_strength": 1.729362, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.658798, "energy": 44.271828, "activity_lines": [ 48.591992, 48.519008, 48.474034, 48.36623 ] }, { "date": "2025-05-09", "close": 48.933114, "volume": 1023234, "typical_volume": 1392288.0, "trend": 48.227644, "fair_value": 45.443588, "relative_strength": 2.144595, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.681415, "energy": 72.98391, "activity_lines": [ 48.747405, 48.596888, 48.524608, 48.4149 ] }, { "date": "2025-05-16", "close": 49.056251, "volume": 1256824, "typical_volume": 1442955.55, "trend": 48.279139, "fair_value": 45.472959, "relative_strength": -4.016422, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.760301, "energy": 81.627713, "activity_lines": [ 48.895114, 48.690969, 48.582698, 48.468359 ] }, { "date": "2025-05-23", "close": 49.065724, "volume": 1215477, "typical_volume": 1483126.0, "trend": 48.329118, "fair_value": 45.501933, "relative_strength": -1.577033, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.138342, "energy": 82.535759, "activity_lines": [ 48.982738, 48.777655, 48.63725, 48.519106 ] }, { "date": "2025-05-30", "close": 49.169917, "volume": 871083, "typical_volume": 1482587.7, "trend": 48.381097, "fair_value": 45.531277, "relative_strength": -3.074927, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.4543, "energy": 84.485359, "activity_lines": [ 49.067618, 48.873653, 48.697547, 48.573351 ] }, { "date": "2025-06-06", "close": 49.23818, "volume": 1481163, "typical_volume": 1509488.1, "trend": 48.43136, "fair_value": 45.560697, "relative_strength": -4.769106, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.34476, "energy": 83.768841, "activity_lines": [ 49.14089, 48.969258, 48.759716, 48.628647 ] }, { "date": "2025-06-13", "close": 49.333345, "volume": 1239099, "typical_volume": 1468733.95, "trend": 48.483874, "fair_value": 45.590402, "relative_strength": -3.97316, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.564235, "energy": 81.52544, "activity_lines": [ 49.221126, 49.06991, 48.826616, 48.68684 ] }, { "date": "2025-06-20", "close": 49.342862, "volume": 1229815, "typical_volume": 1481477.5, "trend": 48.533328, "fair_value": 45.619719, "relative_strength": -3.856419, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.826759, "energy": 79.059689, "activity_lines": [ 49.277853, 49.151721, 48.88959, 48.742258 ] }, { "date": "2025-06-27", "close": 49.418993, "volume": 1054617, "typical_volume": 1446038.85, "trend": 48.584706, "fair_value": 45.64917, "relative_strength": -7.405609, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.796839, "energy": 74.737654, "activity_lines": [ 49.340848, 49.224914, 48.955248, 48.799398 ] }, { "date": "2025-07-04", "close": 49.499652, "volume": 1102264, "typical_volume": 1418306.05, "trend": 48.636605, "fair_value": 45.678789, "relative_strength": -8.507788, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.38838, "energy": 82.763332, "activity_lines": [ 49.407179, 49.296129, 49.024075, 48.858427 ] }, { "date": "2025-07-11", "close": 49.490095, "volume": 1737479, "typical_volume": 1439783.7, "trend": 48.686334, "fair_value": 45.707883, "relative_strength": -8.088736, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.179682, "energy": 89.671099, "activity_lines": [ 49.448342, 49.35024, 49.087095, 48.91349 ] }, { "date": "2025-07-18", "close": 49.528326, "volume": 1999167, "typical_volume": 1470420.35, "trend": 48.735643, "fair_value": 45.736826, "relative_strength": -8.980774, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.66191, "energy": 90.873748, "activity_lines": [ 49.485454, 49.39997, 49.14886, 48.967813 ] }, { "date": "2025-07-25", "close": 49.566557, "volume": 1719639, "typical_volume": 1496879.25, "trend": 48.783747, "fair_value": 45.765621, "relative_strength": -9.476349, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.965523, "energy": 91.570288, "activity_lines": [ 49.522311, 49.445829, 49.209811, 49.02142 ] }, { "date": "2025-08-01", "close": 49.653973, "volume": 1985641, "typical_volume": 1529052.45, "trend": 48.832594, "fair_value": 45.794639, "relative_strength": -6.983084, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.445935, "energy": 94.369795, "activity_lines": [ 49.573394, 49.498303, 49.27427, 49.077564 ] }, { "date": "2025-08-08", "close": 49.673174, "volume": 1447138, "typical_volume": 1539701.9, "trend": 48.881771, "fair_value": 45.823368, "relative_strength": -9.964817, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.946904, "energy": 93.036227, "activity_lines": [ 49.615212, 49.543573, 49.335233, 49.131795 ] }, { "date": "2025-08-15", "close": 49.78838, "volume": 1516568, "typical_volume": 1578379.85, "trend": 48.930448, "fair_value": 45.852523, "relative_strength": -9.953188, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.050882, "energy": 94.671656, "activity_lines": [ 49.683864, 49.600639, 49.401418, 49.190285 ] }, { "date": "2025-08-22", "close": 49.877281, "volume": 3807936, "typical_volume": 1670492.45, "trend": 48.982398, "fair_value": 45.881901, "relative_strength": -8.736469, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.105691, "energy": 92.407897, "activity_lines": [ 49.762263, 49.663865, 49.470241, 49.251371 ] }, { "date": "2025-08-29", "close": 49.908387, "volume": 1777374, "typical_volume": 1470631.9, "trend": 49.033215, "fair_value": 45.911078, "relative_strength": -8.206543, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.590313, "energy": 82.409455, "activity_lines": [ 49.827768, 49.722858, 49.534048, 49.311113 ] }, { "date": "2025-09-05", "close": 49.990222, "volume": 1138094, "typical_volume": 1478859.85, "trend": 49.083846, "fair_value": 45.940425, "relative_strength": -8.609456, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.37898, "energy": 84.605745, "activity_lines": [ 49.897762, 49.786447, 49.597073, 49.372855 ] }, { "date": "2025-09-12", "close": 49.990222, "volume": 1499526, "typical_volume": 1496756.35, "trend": 49.134477, "fair_value": 45.969352, "relative_strength": -9.99285, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.310149, "energy": 79.111079, "activity_lines": [ 49.94534, 49.83965, 49.653019, 49.431331 ] }, { "date": "2025-09-19", "close": 50.077011, "volume": 2708017, "typical_volume": 1590507.75, "trend": 49.188313, "fair_value": 45.998484, "relative_strength": -11.476589, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.7987, "energy": 74.414364, "activity_lines": [ 50.000711, 49.899713, 49.71087, 49.49214 ] }, { "date": "2025-09-26", "close": 50.154156, "volume": 2510869, "typical_volume": 1664889.5, "trend": 49.240359, "fair_value": 46.027749, "relative_strength": -10.690907, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.680687, "energy": 78.549552, "activity_lines": [ 50.062555, 49.963132, 49.770306, 49.554452 ] }, { "date": "2025-10-03", "close": 50.156945, "volume": 1411207, "typical_volume": 1672608.65, "trend": 49.293765, "fair_value": 46.056625, "relative_strength": -11.487486, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.853198, "energy": 73.077219, "activity_lines": [ 50.10687, 50.015679, 49.824193, 49.613587 ] }, { "date": "2025-10-10", "close": 50.168953, "volume": 2940845, "typical_volume": 1758877.05, "trend": 49.348196, "fair_value": 46.085183, "relative_strength": -9.195835, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.577762, "energy": 71.449264, "activity_lines": [ 50.138617, 50.059675, 49.873981, 49.67005 ] }, { "date": "2025-10-17", "close": 50.188515, "volume": 1828388, "typical_volume": 1806742.3, "trend": 49.405626, "fair_value": 46.113481, "relative_strength": -11.084708, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.741922, "energy": 70.532346, "activity_lines": [ 50.16497, 50.097864, 49.92038, 49.724264 ] }, { "date": "2025-10-24", "close": 50.20769, "volume": 1802365, "typical_volume": 1822802.4, "trend": 49.46041, "fair_value": 46.141524, "relative_strength": -12.676275, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.345087, "energy": 69.894945, "activity_lines": [ 50.184494, 50.13017, 49.963754, 49.776011 ] }, { "date": "2025-10-31", "close": 50.285163, "volume": 1544305, "typical_volume": 1838062.7, "trend": 49.529853, "fair_value": 46.169712, "relative_strength": -13.881096, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.005542, "energy": 72.304409, "activity_lines": [ 50.221131, 50.168939, 50.00989, 49.82922 ] }, { "date": "2025-11-07", "close": 50.36309, "volume": 1541316, "typical_volume": 1853637.75, "trend": 49.605036, "fair_value": 46.198046, "relative_strength": -10.814954, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.215985, "energy": 73.995366, "activity_lines": [ 50.27501, 50.214459, 50.058915, 49.882978 ] }, { "date": "2025-11-14", "close": 50.431188, "volume": 2093503, "typical_volume": 1905582.05, "trend": 49.669289, "fair_value": 46.226456, "relative_strength": -10.307169, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.796525, "energy": 74.977417, "activity_lines": [ 50.337846, 50.264094, 50.109567, 49.936278 ] }, { "date": "2025-11-21", "close": 50.474965, "volume": 1308439, "typical_volume": 1915890.8, "trend": 49.729971, "fair_value": 46.254779, "relative_strength": -7.185394, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.94052, "energy": 87.399328, "activity_lines": [ 50.397791, 50.313671, 50.159569, 49.988257 ] }, { "date": "2025-11-28", "close": 50.522828, "volume": 1178386, "typical_volume": 1887936.15, "trend": 49.785172, "fair_value": 46.283045, "relative_strength": -11.237298, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.798392, "energy": 92.455518, "activity_lines": [ 50.454594, 50.363136, 50.209484, 50.039409 ] }, { "date": "2025-12-05", "close": 50.538074, "volume": 2288705, "typical_volume": 1902413.05, "trend": 49.838671, "fair_value": 46.311038, "relative_strength": -11.896747, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.975739, "energy": 90.5818, "activity_lines": [ 50.49547, 50.407268, 50.255934, 50.087983 ] }, { "date": "2025-12-12", "close": 50.577149, "volume": 2692127, "typical_volume": 1951037.45, "trend": 49.889367, "fair_value": 46.338921, "relative_strength": -9.963407, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.728081, "energy": 87.884256, "activity_lines": [ 50.53251, 50.451524, 50.301297, 50.135627 ] }, { "date": "2025-12-19", "close": 50.651772, "volume": 2725048, "typical_volume": 1988007.8, "trend": 49.942236, "fair_value": 46.366927, "relative_strength": -10.12321, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.447589, "energy": 86.473077, "activity_lines": [ 50.580153, 50.501708, 50.348954, 50.184814 ] }, { "date": "2025-12-26", "close": 50.730263, "volume": 1486400, "typical_volume": 1989970.9, "trend": 49.994247, "fair_value": 46.395077, "relative_strength": -10.874176, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.491238, "energy": 83.482323, "activity_lines": [ 50.639255, 50.557384, 50.399336, 50.235655 ] }, { "date": "2026-01-02", "close": 50.794038, "volume": 1264031, "typical_volume": 1977344.05, "trend": 50.046109, "fair_value": 46.423276, "relative_strength": -8.992306, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.58485, "energy": 86.373675, "activity_lines": [ 50.702595, 50.614806, 50.450757, 50.287254 ] }, { "date": "2026-01-09", "close": 50.833284, "volume": 2836547, "typical_volume": 1928774.6, "trend": 50.096107, "fair_value": 46.483189, "relative_strength": -10.616796, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.808656, "energy": 89.574588, "activity_lines": [ 50.760937, 50.668702, 50.501127, 50.33804 ] }, { "date": "2026-01-16", "close": 50.965739, "volume": 4322779, "typical_volume": 2056044.85, "trend": 50.150203, "fair_value": 46.543263, "relative_strength": -9.394103, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.865006, "energy": 95.954965, "activity_lines": [ 50.84375, 50.736716, 50.55956, 50.394145 ] }, { "date": "2026-01-23", "close": 50.997724, "volume": 1910346, "typical_volume": 2094657.45, "trend": 50.202827, "fair_value": 46.601954, "relative_strength": -9.361265, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.677095, "energy": 95.52977, "activity_lines": [ 50.911318, 50.799587, 50.616004, 50.448824 ] }, { "date": "2026-01-30", "close": 51.063854, "volume": 1379078, "typical_volume": 2088635.05, "trend": 50.254967, "fair_value": 46.660143, "relative_strength": -8.906621, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.65709, "energy": 95.593851, "activity_lines": [ 50.977866, 50.864182, 50.673948, 50.504374 ] }, { "date": "2026-02-06", "close": 51.072951, "volume": 2266051, "typical_volume": 2066536.75, "trend": 50.307729, "fair_value": 46.717861, "relative_strength": -6.877736, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.561476, "energy": 92.668978, "activity_lines": [ 51.025207, 50.919724, 50.727647, 50.557147 ] }, { "date": "2026-02-13", "close": 51.102504, "volume": 3213735, "typical_volume": 2101680.05, "trend": 50.360202, "fair_value": 46.774737, "relative_strength": -5.513693, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.710706, "energy": 88.741771, "activity_lines": [ 51.063805, 50.970636, 50.779417, 50.608423 ] }, { "date": "2026-02-20", "close": 51.112355, "volume": 1807480, "typical_volume": 2121493.7, "trend": 50.411728, "fair_value": 46.831941, "relative_strength": -6.392178, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.011326, "energy": 71.821467, "activity_lines": [ 51.087738, 51.013077, 50.827609, 50.656949 ] }, { "date": "2026-02-27", "close": 51.03197, "volume": 2381337, "typical_volume": 2093518.3, "trend": 50.457662, "fair_value": 46.890039, "relative_strength": -6.062351, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.392291, "energy": 68.383576, "activity_lines": [ 51.075103, 51.031172, 50.863596, 50.696965 ] }, { "date": "2026-03-06", "close": 51.040925, "volume": 1982804, "typical_volume": 2101239.1, "trend": 50.503253, "fair_value": 46.94721, "relative_strength": -4.574981, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.400038, "energy": 66.382747, "activity_lines": [ 51.063169, 51.043983, 50.896327, 50.734594 ] }, { "date": "2026-03-13", "close": 51.100543, "volume": 2200844, "typical_volume": 2121163.05, "trend": 50.546992, "fair_value": 47.005855, "relative_strength": -3.166921, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.663284, "energy": 66.023904, "activity_lines": [ 51.072636, 51.061984, 50.930676, 50.773129 ] }, { "date": "2026-03-20", "close": 51.164511, "volume": 2557270, "typical_volume": 2171811.3, "trend": 50.5899, "fair_value": 47.066588, "relative_strength": -0.816003, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.953664, "energy": 67.145889, "activity_lines": [ 51.101586, 51.086043, 50.966866, 50.812969 ] }, { "date": "2026-03-27", "close": 51.268323, "volume": 10824471, "typical_volume": 2635969.05, "trend": 50.635231, "fair_value": 47.126042, "relative_strength": 2.987124, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.82947, "energy": 71.214943, "activity_lines": [ 51.161007, 51.122955, 51.008755, 50.856738 ] }, { "date": "2026-04-03", "close": 51.316285, "volume": 2082838, "typical_volume": 2635435.8, "trend": 50.679433, "fair_value": 47.185081, "relative_strength": -0.281569, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.841587, "energy": 71.201599, "activity_lines": [ 51.226017, 51.163086, 51.050901, 50.900677 ] }, { "date": "2026-04-10", "close": 51.337818, "volume": 2652313, "typical_volume": 2702629.5, "trend": 50.724353, "fair_value": 47.243642, "relative_strength": -4.029825, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.332499, "energy": 70.586471, "activity_lines": [ 51.279251, 51.20134, 51.090884, 50.943154 ] }, { "date": "2026-04-17", "close": 51.455206, "volume": 2883162, "typical_volume": 2787868.3, "trend": 50.770293, "fair_value": 47.302447, "relative_strength": -8.801281, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.798318, "energy": 82.288428, "activity_lines": [ 51.351821, 51.255956, 51.137937, 50.990306 ] }, { "date": "2026-04-24", "close": 51.50482, "volume": 2170322, "typical_volume": 2781949.15, "trend": 50.815315, "fair_value": 47.360874, "relative_strength": -10.169394, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.639221, "energy": 85.469995, "activity_lines": [ 51.417285, 51.312642, 51.185276, 51.037695 ] }, { "date": "2026-05-01", "close": 51.401372, "volume": 1872324, "typical_volume": 2740959.0, "trend": 50.856796, "fair_value": 47.418074, "relative_strength": -11.239426, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.517274, "energy": 66.814845, "activity_lines": [ 51.425579, 51.343205, 51.218158, 51.075505 ] }, { "date": "2026-05-08", "close": 51.475795, "volume": 1652973, "typical_volume": 2687355.25, "trend": 50.900357, "fair_value": 47.47602, "relative_strength": -15.208443, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.767471, "energy": 67.824362, "activity_lines": [ 51.44981, 51.382045, 51.254204, 51.11544 ] }, { "date": "2026-05-15", "close": 51.510525, "volume": 3358654, "typical_volume": 2780967.95, "trend": 50.944424, "fair_value": 47.53392, "relative_strength": -14.456704, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.605002, "energy": 66.94507, "activity_lines": [ 51.474984, 51.419129, 51.289634, 51.154806 ] }, { "date": "2026-05-22", "close": 51.58991, "volume": 1681129, "typical_volume": 2801822.85, "trend": 50.990498, "fair_value": 47.591925, "relative_strength": -14.874778, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.199137, "energy": 67.831783, "activity_lines": [ 51.515107, 51.46211, 51.328909, 51.19645 ] }, { "date": "2026-05-29", "close": 51.58991, "volume": 1361982, "typical_volume": 2728094.6, "trend": 51.03399, "fair_value": 47.649495, "relative_strength": -16.792199, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.296173, "energy": 67.562549, "activity_lines": [ 51.546248, 51.496192, 51.364393, 51.235122 ] }, { "date": "2026-06-05", "close": 51.629337, "volume": 2433115, "typical_volume": 2633611.4, "trend": 51.076198, "fair_value": 47.706669, "relative_strength": -12.39974, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.088392, "energy": 68.31759, "activity_lines": [ 51.58486, 51.529708, 51.40003, 51.273531 ] }, { "date": "2026-06-12", "close": 51.664204, "volume": 1658104, "typical_volume": 2620999.3, "trend": 51.117298, "fair_value": 47.7632, "relative_strength": -13.876306, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.508094, "energy": 82.291235, "activity_lines": [ 51.619896, 51.563, 51.435827, 51.311467 ] }, { "date": "2026-06-19", "close": 51.679148, "volume": 1267440, "typical_volume": 2615417.4, "trend": 51.157438, "fair_value": 47.819854, "relative_strength": -15.621303, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.986621, "energy": 80.658299, "activity_lines": [ 51.647353, 51.592684, 51.469874, 51.347715 ] }, { "date": "2026-06-26", "close": 51.723978, "volume": 1278520, "typical_volume": 2566040.85, "trend": 51.197476, "fair_value": 47.876065, "relative_strength": -11.212974, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.253486, "energy": 82.774339, "activity_lines": [ 51.678512, 51.624312, 51.505261, 51.384266 ] }, { "date": "2026-07-03", "close": 51.560543, "volume": 2765657, "typical_volume": 2543636.95, "trend": 51.231559, "fair_value": 47.930853, "relative_strength": -11.900075, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.918045, "energy": 62.65278, "activity_lines": [ 51.646254, 51.621338, 51.521982, 51.40769 ] }, { "date": "2026-07-10", "close": 51.604667, "volume": 2101962, "typical_volume": 2558361.05, "trend": 51.265809, "fair_value": 47.985435, "relative_strength": -13.016903, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.712821, "energy": 55.547366, "activity_lines": [ 51.630663, 51.625373, 51.540724, 51.431762 ] }, { "date": "2026-07-17", "close": 51.659449, "volume": 1596338, "typical_volume": 2519111.1, "trend": 51.299398, "fair_value": 48.039117, "relative_strength": -8.839115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.804126, "energy": 50.283339, "activity_lines": [ 51.634976, 51.635673, 51.562339, 51.457158 ] }, { "date": "2026-07-24", "close": 51.709251, "volume": 1838448, "typical_volume": 2511893.3, "trend": 51.332031, "fair_value": 48.092574, "relative_strength": -7.001773, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.976486, "energy": 52.643988, "activity_lines": [ 51.656208, 51.651688, 51.585709, 51.4836 ] }, { "date": "2026-07-31", "close": 51.788934, "volume": 2487584, "typical_volume": 2526230.3, "trend": 51.365195, "fair_value": 48.146306, "relative_strength": -7.044082, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.723881, "energy": 65.798096, "activity_lines": [ 51.701993, 51.678578, 51.613486, 51.513077 ] }, { "date": "2026-08-07", "close": 51.815, "volume": 1751659, "typical_volume": 2485949.75, "trend": 51.397918, "fair_value": 48.199604, "relative_strength": -11.185757, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.89665, "energy": 86.200139, "activity_lines": [ 51.752137, 51.706589, 51.640467, 51.542097 ] } ], "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." } } }