{ "ticker": { "uuid": "945e53e0-1b83-4295-821a-7939bf7afedb", "symbol": "H4ZY", "name": "HSBC MSCI World UCITS ETF", "exchange": "GER", "country": "DE", "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": "^GDAXI", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.715, "architecture_energy": 68.529, "architecture_maturity": 99.399, "architecture_confidence": 74.246, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 13.12, "rotation_up": 54.84, "upward_expansion": 83.0, "deceleration": 71.26, "rotation_down": 28.59, "downward_expansion": 12.0 }, "activity_lines": [ 41.420667, 41.235982, 40.615205, 39.774778 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 42.244999, "trend_reference": 38.794633, "distance_from_trend": 0.088939, "trend_direction": "Improving", "fair_value": 32.823397, "distance_from_fair_value": 0.287039, "fair_value_direction": "Improving", "relative_strength": 4.198227, "relative_strength_direction": "Weakening", "price_momentum": 0.141757, "excess_performance": 0.077117, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088939, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04145, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.287039, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041251, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.041982, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.048889, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.141757, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.215216, "read": "Demand-led" } ], "volume": { "latest": 86353, "relative_activity": 1.044321, "balance": 4.215216, "dry_up": 0.836979, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.017255, "annualized_volatility": 0.107352, "from_high_reference": -0.00255, "from_low_reference": 0.241368 }, "levels": { "trend_reference": 38.794633, "fair_value_reference": 32.823397, "structural_low": 35.191002, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.01048, "positive_rate": 0.68, "directional_follow_through": 0.68, "median_excess_return": -0.005791, "regime_survival": 0.88, "best_return": 0.066892, "worst_return": -0.082473, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.063532, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.003867, "regime_survival": 0.75, "best_return": 0.089826, "worst_return": -0.164122, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.108124, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.004058, "regime_survival": 0.5, "best_return": 0.136861, "worst_return": -0.041987, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.18084, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.055583, "regime_survival": 1.0, "best_return": 0.285499, "worst_return": 0.076181, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-05-03", "tenure": "Established", "return": 0.080649, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.005593, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.014951, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.062132, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.083964, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.114876, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.126959, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.021294, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.029168, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-02-13", "tenure": "Established", "return": 0.072699, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": -0.001526, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-08-07", "tenure": "Established", "return": 0.136137, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 24.851999, "volume": 9717, "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": 25.167999, "volume": 4976, "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": 25.896, "volume": 18696, "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": 25.812, "volume": 7510, "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": 26.011, "volume": 15521, "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": 25.424, "volume": 46334, "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": 25.348, "volume": 7453, "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": 25.087999, "volume": 21527, "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": 25.549999, "volume": 4393, "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": 24.721001, "volume": 9323, "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": 24.252001, "volume": 15369, "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": 25.259001, "volume": 17351, "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": 25.309, "volume": 24774, "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": 25.698, "volume": 11110, "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": 25.881001, "volume": 13686, "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": 26.212, "volume": 30904, "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": 26.559, "volume": 13319, "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": 26.924, "volume": 16536, "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": 26.931, "volume": 7638, "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": 27.003, "volume": 13545, "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": 26.801001, "volume": 80052, "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": 27.163, "volume": 50085, "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": 27.254, "volume": 36588, "typical_volume": 22150.9, "trend": 25.7597, "fair_value": 24.5162, "relative_strength": 3.940168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.585769, "energy": 82.623263, "activity_lines": [ 27.084134, 26.890437, 26.309314, 26.0506 ] }, { "date": "2024-01-26", "close": 27.899, "volume": 28159, "typical_volume": 23183.35, "trend": 25.844734, "fair_value": 24.557963, "relative_strength": 3.748809, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.090743, "energy": 90.172477, "activity_lines": [ 27.373667, 27.118873, 26.493981, 26.18862 ] }, { "date": "2024-02-02", "close": 28.271, "volume": 103857, "typical_volume": 27600.15, "trend": 25.953934, "fair_value": 24.603244, "relative_strength": 5.265879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.693451, "energy": 96.66847, "activity_lines": [ 27.722667, 27.374927, 26.704138, 26.345153 ] }, { "date": "2024-02-09", "close": 28.546, "volume": 47639, "typical_volume": 27665.4, "trend": 26.068233, "fair_value": 24.650747, "relative_strength": 6.087632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.520858, "energy": 96.306417, "activity_lines": [ 28.0788, 27.637527, 26.929724, 26.512383 ] }, { "date": "2024-02-16", "close": 28.818001, "volume": 64015, "typical_volume": 30493.5, "trend": 26.1783, "fair_value": 24.700357, "relative_strength": 5.730956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.462891, "energy": 96.514258, "activity_lines": [ 28.409267, 27.907146, 27.166348, 26.689787 ] }, { "date": "2024-02-23", "close": 29.030001, "volume": 83775, "typical_volume": 33605.9, "trend": 26.2813, "fair_value": 24.751294, "relative_strength": 4.520746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.903343, "energy": 95.233774, "activity_lines": [ 28.700067, 28.174237, 27.406638, 26.873768 ] }, { "date": "2024-03-01", "close": 29.162001, "volume": 22836, "typical_volume": 34528.05, "trend": 26.404, "fair_value": 24.802581, "relative_strength": 2.992724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.578208, "energy": 93.715706, "activity_lines": [ 28.916467, 28.427037, 27.640729, 27.05962 ] }, { "date": "2024-03-08", "close": 29.216, "volume": 46526, "typical_volume": 36388.2, "trend": 26.535267, "fair_value": 24.85331, "relative_strength": 2.566356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.619908, "energy": 89.883277, "activity_lines": [ 29.066667, 28.649091, 27.862762, 27.241039 ] }, { "date": "2024-03-15", "close": 29.120001, "volume": 31028, "typical_volume": 37171.15, "trend": 26.677534, "fair_value": 24.901796, "relative_strength": 1.457185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.463545, "energy": 68.561082, "activity_lines": [ 29.121867, 28.813455, 28.054248, 27.407796 ] }, { "date": "2024-03-22", "close": 29.889, "volume": 51848, "typical_volume": 38896.0, "trend": 26.8349, "fair_value": 24.957832, "relative_strength": 2.471532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.633839, "energy": 75.731468, "activity_lines": [ 29.395134, 29.075473, 28.295791, 27.614987 ] }, { "date": "2024-03-29", "close": 30.045, "volume": 31188, "typical_volume": 39216.7, "trend": 26.9732, "fair_value": 25.014356, "relative_strength": 1.281458, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.419997, "energy": 74.593947, "activity_lines": [ 29.649, 29.316291, 28.530143, 27.822091 ] }, { "date": "2024-04-05", "close": 29.666, "volume": 58918, "typical_volume": 41607.1, "trend": 27.101667, "fair_value": 25.065473, "relative_strength": 1.608541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.755319, "energy": 67.247118, "activity_lines": [ 29.708867, 29.437455, 28.705848, 27.99582 ] }, { "date": "2024-04-12", "close": 29.860001, "volume": 17142, "typical_volume": 41779.9, "trend": 27.229967, "fair_value": 25.117587, "relative_strength": 3.473133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.686664, "energy": 68.230114, "activity_lines": [ 29.7998, 29.561764, 28.881134, 28.173777 ] }, { "date": "2024-04-19", "close": 28.944, "volume": 27853, "typical_volume": 41627.35, "trend": 27.3473, "fair_value": 25.158731, "relative_strength": 1.233257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.024038, "energy": 61.647272, "activity_lines": [ 29.542467, 29.490637, 28.950234, 28.284359 ] }, { "date": "2024-04-26", "close": 29.497, "volume": 24210, "typical_volume": 42171.9, "trend": 27.4856, "fair_value": 25.204883, "relative_strength": 0.606913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.168042, "energy": 50.13007, "activity_lines": [ 29.4812, 29.512818, 29.058991, 28.42305 ] }, { "date": "2024-05-03", "close": 29.452, "volume": 17696, "typical_volume": 42229.9, "trend": 27.631067, "fair_value": 25.24959, "relative_strength": 1.165514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.426787, "energy": 43.059618, "activity_lines": [ 29.431067, 29.514473, 29.149472, 28.549914 ] }, { "date": "2024-05-10", "close": 30.035, "volume": 49634, "typical_volume": 44329.7, "trend": 27.780567, "fair_value": 25.299438, "relative_strength": -1.175101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.418081, "energy": 50.002135, "activity_lines": [ 29.6148, 29.614455, 29.283438, 28.705007 ] }, { "date": "2024-05-17", "close": 30.202999, "volume": 80757, "typical_volume": 47690.3, "trend": 27.9633, "fair_value": 25.34999, "relative_strength": -0.390324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.909449, "energy": 59.406298, "activity_lines": [ 29.829933, 29.729109, 29.418624, 28.861293 ] }, { "date": "2024-05-24", "close": 30.232, "volume": 42004, "typical_volume": 45787.9, "trend": 28.162634, "fair_value": 25.399806, "relative_strength": -0.329845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.321607, "energy": 61.903515, "activity_lines": [ 30.031866, 29.831091, 29.541333, 29.00766 ] }, { "date": "2024-05-31", "close": 29.790001, "volume": 59119, "typical_volume": 46239.6, "trend": 28.313667, "fair_value": 25.444152, "relative_strength": -0.814444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.624838, "energy": 55.712426, "activity_lines": [ 30.0006, 29.832491, 29.60561, 29.112652 ] }, { "date": "2024-06-07", "close": 30.563999, "volume": 49275, "typical_volume": 46873.95, "trend": 28.488834, "fair_value": 25.49535, "relative_strength": 1.343269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.759529, "energy": 61.781737, "activity_lines": [ 30.2078, 29.976418, 29.731091, 29.257835 ] }, { "date": "2024-06-14", "close": 30.884001, "volume": 21319, "typical_volume": 46531.95, "trend": 28.6617, "fair_value": 25.548703, "relative_strength": 5.356019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.429685, "energy": 67.142847, "activity_lines": [ 30.447534, 30.169091, 29.871286, 29.412361 ] }, { "date": "2024-06-21", "close": 31.128, "volume": 27926, "typical_volume": 42735.4, "trend": 28.8366, "fair_value": 25.603402, "relative_strength": 5.067396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.844397, "energy": 77.180231, "activity_lines": [ 30.712, 30.383982, 30.020505, 29.571478 ] }, { "date": "2024-06-28", "close": 31.271, "volume": 47867, "typical_volume": 42746.8, "trend": 29.005234, "fair_value": 25.658427, "relative_strength": 4.95417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.24148, "energy": 88.961591, "activity_lines": [ 30.962467, 30.601818, 30.169738, 29.728536 ] }, { "date": "2024-07-05", "close": 31.318001, "volume": 75793, "typical_volume": 43335.7, "trend": 29.163867, "fair_value": 25.712846, "relative_strength": 3.632788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.983751, "energy": 88.753832, "activity_lines": [ 31.159334, 30.785891, 30.310472, 29.877746 ] }, { "date": "2024-07-12", "close": 31.683001, "volume": 36779, "typical_volume": 40985.9, "trend": 29.3225, "fair_value": 25.769705, "relative_strength": 3.157376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.950931, "energy": 91.796326, "activity_lines": [ 31.376001, 31.003219, 30.474062, 30.040271 ] }, { "date": "2024-07-19", "close": 30.983999, "volume": 75938, "typical_volume": 43641.0, "trend": 29.4576, "fair_value": 25.818896, "relative_strength": 3.92466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.170836, "energy": 76.14222, "activity_lines": [ 31.285067, 31.052891, 30.558448, 30.147465 ] }, { "date": "2024-07-26", "close": 30.766001, "volume": 57041, "typical_volume": 44166.75, "trend": 29.583034, "fair_value": 25.865131, "relative_strength": 1.703448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.210655, "energy": 55.96579, "activity_lines": [ 31.1148, 31.045673, 30.613395, 30.231878 ] }, { "date": "2024-08-02", "close": 29.780001, "volume": 67474, "typical_volume": 45989.05, "trend": 29.682334, "fair_value": 25.90138, "relative_strength": 2.553181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.725695, "energy": 18.976916, "activity_lines": [ 30.640001, 30.848946, 30.567057, 30.244585 ] }, { "date": "2024-08-09", "close": 29.872, "volume": 109353, "typical_volume": 48864.3, "trend": 29.772634, "fair_value": 25.937807, "relative_strength": 2.405641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.84203, "energy": 21.165252, "activity_lines": [ 30.295267, 30.677164, 30.526338, 30.256822 ] }, { "date": "2024-08-16", "close": 30.892, "volume": 49864, "typical_volume": 49798.1, "trend": 29.8939, "fair_value": 25.982846, "relative_strength": 2.329186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.716269, "energy": 25.470489, "activity_lines": [ 30.386934, 30.689346, 30.582843, 30.329039 ] }, { "date": "2024-08-23", "close": 30.983999, "volume": 31777, "typical_volume": 48441.05, "trend": 29.996734, "fair_value": 26.027901, "relative_strength": 0.860398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.321134, "energy": 23.192182, "activity_lines": [ 30.562, 30.712291, 30.644076, 30.399368 ] }, { "date": "2024-08-30", "close": 31.238001, "volume": 45672, "typical_volume": 49867.55, "trend": 30.095634, "fair_value": 26.07442, "relative_strength": 0.194227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.755078, "energy": 29.639974, "activity_lines": [ 30.821733, 30.7796, 30.723224, 30.47945 ] }, { "date": "2024-09-06", "close": 30.143, "volume": 72024, "typical_volume": 52076.1, "trend": 30.148867, "fair_value": 26.110425, "relative_strength": -0.130133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.954945, "energy": 17.36441, "activity_lines": [ 30.685, 30.645818, 30.691524, 30.482506 ] }, { "date": "2024-09-13", "close": 31.18, "volume": 75658, "typical_volume": 54648.5, "trend": 30.2276, "fair_value": 26.154895, "relative_strength": 1.073285, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.817747, "energy": 27.726016, "activity_lines": [ 30.869733, 30.721091, 30.752876, 30.54903 ] }, { "date": "2024-09-20", "close": 31.309999, "volume": 68134, "typical_volume": 57170.4, "trend": 30.3036, "fair_value": 26.199722, "relative_strength": 1.337681, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.29282, "energy": 35.13887, "activity_lines": [ 31.0106, 30.822509, 30.818595, 30.618862 ] }, { "date": "2024-09-27", "close": 31.728001, "volume": 60514, "typical_volume": 57714.4, "trend": 30.389133, "fair_value": 26.247379, "relative_strength": -1.262641, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.039341, "energy": 45.731929, "activity_lines": [ 31.262933, 31.006709, 30.915276, 30.710759 ] }, { "date": "2024-10-04", "close": 31.954, "volume": 92354, "typical_volume": 58294.25, "trend": 30.4804, "fair_value": 26.296154, "relative_strength": 1.246785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.634851, "energy": 64.436589, "activity_lines": [ 31.541, 31.218473, 31.025419, 30.811718 ] }, { "date": "2024-10-11", "close": 32.452999, "volume": 87236, "typical_volume": 60555.85, "trend": 30.5915, "fair_value": 26.348331, "relative_strength": 1.494222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.864009, "energy": 72.507462, "activity_lines": [ 31.937666, 31.499363, 31.174748, 30.938983 ] }, { "date": "2024-10-18", "close": 32.895, "volume": 151992, "typical_volume": 65199.5, "trend": 30.6917, "fair_value": 26.403345, "relative_strength": 1.389214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.368754, "energy": 80.660796, "activity_lines": [ 32.327666, 31.812018, 31.355595, 31.087596 ] }, { "date": "2024-10-25", "close": 32.742001, "volume": 122238, "typical_volume": 68847.65, "trend": 30.7816, "fair_value": 26.456167, "relative_strength": 1.885564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.399449, "energy": 80.406093, "activity_lines": [ 32.552334, 32.041891, 31.507086, 31.219873 ] }, { "date": "2024-11-01", "close": 32.261002, "volume": 228456, "typical_volume": 79204.5, "trend": 30.8681, "fair_value": 26.504141, "relative_strength": 1.461689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.385951, "energy": 76.359951, "activity_lines": [ 32.521201, 32.150673, 31.602396, 31.315319 ] }, { "date": "2024-11-08", "close": 33.609001, "volume": 157295, "typical_volume": 85672.95, "trend": 30.993067, "fair_value": 26.562377, "relative_strength": 5.81028, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.297354, "energy": 86.069289, "activity_lines": [ 32.903868, 32.481328, 31.819529, 31.492151 ] }, { "date": "2024-11-15", "close": 33.512001, "volume": 182032, "typical_volume": 92381.2, "trend": 31.145334, "fair_value": 26.618878, "relative_strength": 5.370995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.152171, "energy": 84.557537, "activity_lines": [ 33.143868, 32.751237, 32.01561, 31.654663 ] }, { "date": "2024-11-22", "close": 34.426998, "volume": 86711, "typical_volume": 92927.1, "trend": 31.309667, "fair_value": 26.681847, "relative_strength": 7.413286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.050943, "energy": 88.681409, "activity_lines": [ 33.618267, 33.126255, 32.288162, 31.866383 ] }, { "date": "2024-11-29", "close": 34.418999, "volume": 133043, "typical_volume": 97740.3, "trend": 31.475233, "fair_value": 26.743744, "relative_strength": 5.535869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.960725, "energy": 90.181823, "activity_lines": [ 33.987866, 33.440782, 32.545148, 32.066985 ] }, { "date": "2024-12-06", "close": 34.771999, "volume": 292058, "typical_volume": 108546.3, "trend": 31.633133, "fair_value": 26.80746, "relative_strength": 2.5092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.612173, "energy": 91.423496, "activity_lines": [ 34.363333, 33.762963, 32.822724, 32.27968 ] }, { "date": "2024-12-13", "close": 34.667, "volume": 126363, "typical_volume": 112012.4, "trend": 31.781933, "fair_value": 26.869347, "relative_strength": 1.984963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.043535, "energy": 89.286441, "activity_lines": [ 34.536399, 34.010709, 33.072262, 32.475413 ] }, { "date": "2024-12-20", "close": 34.216, "volume": 192562, "typical_volume": 118266.8, "trend": 31.914733, "fair_value": 26.926742, "relative_strength": 3.166959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.230096, "energy": 77.442361, "activity_lines": [ 34.4886, 34.127127, 33.260271, 32.63245 ] }, { "date": "2024-12-27", "close": 34.305, "volume": 117920, "typical_volume": 118695.15, "trend": 32.065233, "fair_value": 26.983938, "relative_strength": 2.795934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.813707, "energy": 62.823454, "activity_lines": [ 34.423533, 34.227673, 33.435633, 32.78666 ] }, { "date": "2025-01-03", "close": 34.522999, "volume": 102309, "typical_volume": 121317.4, "trend": 32.1972, "fair_value": 27.041931, "relative_strength": 3.713394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.953171, "energy": 58.530902, "activity_lines": [ 34.439266, 34.342218, 33.610647, 32.945226 ] }, { "date": "2025-01-10", "close": 34.240002, "volume": 199379, "typical_volume": 129697.5, "trend": 32.309067, "fair_value": 27.096878, "relative_strength": 1.213517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.56693, "energy": 46.8981, "activity_lines": [ 34.353734, 34.372927, 33.741419, 33.077019 ] }, { "date": "2025-01-17", "close": 35.035, "volume": 144665, "typical_volume": 134647.15, "trend": 32.4393, "fair_value": 27.157015, "relative_strength": 0.117663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.022763, "energy": 56.382747, "activity_lines": [ 34.568667, 34.5122, 33.9324, 33.252886 ] }, { "date": "2025-01-24", "close": 35.105, "volume": 174275, "typical_volume": 139759.7, "trend": 32.5671, "fair_value": 27.216775, "relative_strength": -1.982503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.726793, "energy": 57.138419, "activity_lines": [ 34.7824, 34.638273, 34.111967, 33.424867 ] }, { "date": "2025-01-31", "close": 35.519001, "volume": 228480, "typical_volume": 147400.8, "trend": 32.707133, "fair_value": 27.278731, "relative_strength": -2.323895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.201093, "energy": 60.154519, "activity_lines": [ 35.074867, 34.810655, 34.307333, 33.615312 ] }, { "date": "2025-02-07", "close": 35.452, "volume": 235912, "typical_volume": 155789.7, "trend": 32.832767, "fair_value": 27.339274, "relative_strength": -2.687756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.751757, "energy": 71.172868, "activity_lines": [ 35.264067, 34.951, 34.475657, 33.7924 ] }, { "date": "2025-02-14", "close": 35.409, "volume": 176171, "typical_volume": 161572.55, "trend": 32.980267, "fair_value": 27.39861, "relative_strength": -5.821909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.532158, "energy": 69.275769, "activity_lines": [ 35.377, 35.064746, 34.620162, 33.958609 ] }, { "date": "2025-02-21", "close": 35.43, "volume": 171758, "typical_volume": 165542.75, "trend": 33.135733, "fair_value": 27.457234, "relative_strength": -4.726773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.28227, "energy": 69.957731, "activity_lines": [ 35.419, 35.170727, 34.749138, 34.116656 ] }, { "date": "2025-02-28", "close": 34.637001, "volume": 195024, "typical_volume": 170932.15, "trend": 33.297633, "fair_value": 27.509261, "relative_strength": -7.83386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.019295, "energy": 47.400824, "activity_lines": [ 35.170334, 35.118655, 34.786038, 34.213512 ] }, { "date": "2025-03-07", "close": 32.548, "volume": 97125, "typical_volume": 168188.8, "trend": 33.386833, "fair_value": 27.545511, "relative_strength": -14.893218, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 2.13479, "energy": 12.722978, "activity_lines": [ 34.256534, 34.679109, 34.613586, 34.165149 ] }, { "date": "2025-03-14", "close": 32.122002, "volume": 152127, "typical_volume": 169683.25, "trend": 33.427833, "fair_value": 27.5782, "relative_strength": -15.705805, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.653475, "energy": 42.179946, "activity_lines": [ 33.398801, 34.194055, 34.402215, 34.083547 ] }, { "date": "2025-03-21", "close": 32.507999, "volume": 138638, "typical_volume": 165192.35, "trend": 33.478634, "fair_value": 27.613163, "relative_strength": -14.117519, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.816919, "energy": 48.085139, "activity_lines": [ 32.891734, 33.822837, 34.230557, 34.024202 ] }, { "date": "2025-03-28", "close": 32.144001, "volume": 117234, "typical_volume": 163189.3, "trend": 33.508834, "fair_value": 27.645071, "relative_strength": -13.257488, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.923651, "energy": 63.572319, "activity_lines": [ 32.456734, 33.416928, 34.023057, 33.938097 ] }, { "date": "2025-04-04", "close": 29.277, "volume": 70656, "typical_volume": 157620.5, "trend": 33.479967, "fair_value": 27.656483, "relative_strength": -13.814135, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -67.419392, "energy": 86.087185, "activity_lines": [ 31.285134, 32.542309, 33.549486, 33.665076 ] }, { "date": "2025-04-11", "close": 28.809, "volume": 170860, "typical_volume": 161827.95, "trend": 33.400934, "fair_value": 27.664486, "relative_strength": -13.824755, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.695645, "energy": 95.074683, "activity_lines": [ 30.314867, 31.688564, 33.05151, 33.363723 ] }, { "date": "2025-04-18", "close": 29.285, "volume": 102959, "typical_volume": 160323.75, "trend": 33.333434, "fair_value": 27.675662, "relative_strength": -15.588682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.475436, "energy": 90.441776, "activity_lines": [ 29.752533, 31.043364, 32.625619, 33.098179 ] }, { "date": "2025-04-25", "close": 30.306999, "volume": 109449, "typical_volume": 151193.3, "trend": 33.286067, "fair_value": 27.693685, "relative_strength": -16.457153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.541384, "energy": 82.412215, "activity_lines": [ 29.72, 30.696109, 32.32151, 32.902925 ] }, { "date": "2025-05-02", "close": 31.403999, "volume": 85614, "typical_volume": 149155.85, "trend": 33.267733, "fair_value": 27.718925, "relative_strength": -16.326561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.341197, "energy": 58.627141, "activity_lines": [ 30.199866, 30.641073, 32.143138, 32.781501 ] }, { "date": "2025-05-09", "close": 31.617001, "volume": 103956, "typical_volume": 144725.55, "trend": 33.239867, "fair_value": 27.745264, "relative_strength": -16.988498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.818482, "energy": 40.351658, "activity_lines": [ 30.800067, 30.697964, 32.000591, 32.675002 ] }, { "date": "2025-05-16", "close": 33.158001, "volume": 129128, "typical_volume": 145285.95, "trend": 33.248634, "fair_value": 27.781591, "relative_strength": -13.699694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.461408, "energy": 23.823252, "activity_lines": [ 31.757934, 31.089946, 32.017181, 32.669721 ] }, { "date": "2025-05-23", "close": 32.18, "volume": 81076, "typical_volume": 144224.3, "trend": 33.2299, "fair_value": 27.810913, "relative_strength": -15.499791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.188899, "energy": 27.577341, "activity_lines": [ 32.099867, 31.293018, 31.946091, 32.600777 ] }, { "date": "2025-05-30", "close": 32.606998, "volume": 61380, "typical_volume": 137324.35, "trend": 33.241433, "fair_value": 27.842676, "relative_strength": -15.437244, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.887301, "energy": 24.679347, "activity_lines": [ 32.391133, 31.572672, 31.926824, 32.560589 ] }, { "date": "2025-06-06", "close": 33.002998, "volume": 101759, "typical_volume": 135179.05, "trend": 33.221233, "fair_value": 27.876625, "relative_strength": -15.197884, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.278854, "energy": 21.691715, "activity_lines": [ 32.661066, 31.922527, 31.953047, 32.545206 ] }, { "date": "2025-06-13", "close": 32.591999, "volume": 59507, "typical_volume": 129440.65, "trend": 33.190567, "fair_value": 27.907445, "relative_strength": -13.102882, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.921366, "energy": 16.291987, "activity_lines": [ 32.687399, 32.182036, 31.949804, 32.504611 ] }, { "date": "2025-06-20", "close": 32.464001, "volume": 40750, "typical_volume": 120054.15, "trend": 33.125133, "fair_value": 27.937033, "relative_strength": -12.488687, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.726461, "energy": 14.22514, "activity_lines": [ 32.606066, 32.358, 31.946338, 32.457735 ] }, { "date": "2025-06-27", "close": 32.965, "volume": 101279, "typical_volume": 113322.5, "trend": 33.076667, "fair_value": 27.969471, "relative_strength": -13.30214, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.057607, "energy": 12.355515, "activity_lines": [ 32.738, 32.5586, 32.005133, 32.447404 ] }, { "date": "2025-07-04", "close": 33.029999, "volume": 55916, "typical_volume": 107309.75, "trend": 33.0186, "fair_value": 28.00191, "relative_strength": -11.90539, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.684345, "energy": 19.120206, "activity_lines": [ 32.839266, 32.704109, 32.081962, 32.444393 ] }, { "date": "2025-07-11", "close": 33.285999, "volume": 87852, "typical_volume": 103114.45, "trend": 32.972567, "fair_value": 28.066199, "relative_strength": -12.596348, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.734359, "energy": 38.865056, "activity_lines": [ 32.997666, 32.846654, 32.1945, 32.461645 ] }, { "date": "2025-07-18", "close": 33.563999, "volume": 92039, "typical_volume": 97965.2, "trend": 32.950833, "fair_value": 28.129205, "relative_strength": -11.640658, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.371262, "energy": 49.27982, "activity_lines": [ 33.229866, 33.005527, 32.343723, 32.499802 ] }, { "date": "2025-07-25", "close": 33.818001, "volume": 87684, "typical_volume": 97493.15, "trend": 32.9346, "fair_value": 28.188994, "relative_strength": -10.405338, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.641212, "energy": 57.961025, "activity_lines": [ 33.481933, 33.175181, 32.522247, 32.555748 ] }, { "date": "2025-08-01", "close": 33.450001, "volume": 104469, "typical_volume": 95110.25, "trend": 32.898833, "fair_value": 28.24541, "relative_strength": -8.093072, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.210617, "energy": 54.719956, "activity_lines": [ 33.521067, 33.265927, 32.659676, 32.589 ] }, { "date": "2025-08-08", "close": 33.993999, "volume": 109480, "typical_volume": 93652.35, "trend": 32.890633, "fair_value": 28.302083, "relative_strength": -9.133443, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.499284, "energy": 59.32087, "activity_lines": [ 33.7092, 33.432491, 32.84259, 32.659656 ] }, { "date": "2025-08-15", "close": 34.348999, "volume": 75963, "typical_volume": 91588.8, "trend": 32.867767, "fair_value": 28.359539, "relative_strength": -8.611747, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.169999, "energy": 68.824534, "activity_lines": [ 33.9514, 33.638381, 33.052238, 32.753744 ] }, { "date": "2025-08-22", "close": 34.542999, "volume": 87699, "typical_volume": 92440.95, "trend": 32.849033, "fair_value": 28.421308, "relative_strength": -7.828431, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.91694, "energy": 83.601088, "activity_lines": [ 34.187399, 33.855072, 33.269861, 32.861823 ] }, { "date": "2025-08-29", "close": 34.361, "volume": 90897, "typical_volume": 88442.8, "trend": 32.810433, "fair_value": 28.486436, "relative_strength": -6.294751, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.059557, "energy": 84.522669, "activity_lines": [ 34.297466, 34.0032, 33.445076, 32.95937 ] }, { "date": "2025-09-05", "close": 34.345001, "volume": 76247, "typical_volume": 87107.2, "trend": 32.773533, "fair_value": 28.549808, "relative_strength": -4.898558, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.885809, "energy": 81.496929, "activity_lines": [ 34.366, 34.113927, 33.592328, 33.058374 ] }, { "date": "2025-09-12", "close": 34.985001, "volume": 91710, "typical_volume": 86220.25, "trend": 32.7594, "fair_value": 28.623962, "relative_strength": -3.307707, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.760596, "energy": 86.602569, "activity_lines": [ 34.5882, 34.315927, 33.776438, 33.201049 ] }, { "date": "2025-09-19", "close": 35.131001, "volume": 143942, "typical_volume": 89136.65, "trend": 32.749433, "fair_value": 28.701949, "relative_strength": -2.433826, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.551, "energy": 79.946618, "activity_lines": [ 34.793001, 34.508928, 33.952176, 33.354056 ] }, { "date": "2025-09-26", "close": 35.187, "volume": 85888, "typical_volume": 88233.25, "trend": 32.767767, "fair_value": 28.782167, "relative_strength": -2.509181, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.340562, "energy": 77.249704, "activity_lines": [ 34.964334, 34.678564, 34.1155, 33.511318 ] }, { "date": "2025-10-03", "close": 35.779999, "volume": 140176, "typical_volume": 88785.65, "trend": 32.8755, "fair_value": 28.865237, "relative_strength": -3.216853, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.42868, "energy": 87.325092, "activity_lines": [ 35.2904, 34.926509, 34.3183, 33.705656 ] }, { "date": "2025-10-10", "close": 35.429001, "volume": 153950, "typical_volume": 92429.35, "trend": 32.985733, "fair_value": 28.947763, "relative_strength": -3.361582, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.866039, "energy": 72.020961, "activity_lines": [ 35.404867, 35.074964, 34.475186, 33.870398 ] }, { "date": "2025-10-17", "close": 35.314999, "volume": 122495, "typical_volume": 95485.1, "trend": 33.0793, "fair_value": 29.027622, "relative_strength": -1.774155, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.080366, "energy": 62.631193, "activity_lines": [ 35.409066, 35.166709, 34.605743, 34.020673 ] }, { "date": "2025-10-24", "close": 36.043999, "volume": 56017, "typical_volume": 93198.0, "trend": 33.2093, "fair_value": 29.107968, "relative_strength": -1.191752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.574793, "energy": 67.121632, "activity_lines": [ 35.634266, 35.366982, 34.792833, 34.211944 ] }, { "date": "2025-10-31", "close": 36.733002, "volume": 87805, "typical_volume": 94612.9, "trend": 33.457833, "fair_value": 29.195487, "relative_strength": 2.066097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.29645, "energy": 72.951257, "activity_lines": [ 36.028267, 35.661709, 35.031062, 34.43928 ] }, { "date": "2025-11-07", "close": 35.695999, "volume": 115551, "typical_volume": 98352.95, "trend": 33.6874, "fair_value": 29.272583, "relative_strength": 1.12255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.52474, "energy": 61.056857, "activity_lines": [ 35.973533, 35.728073, 35.15081, 34.583677 ] }, { "date": "2025-11-14", "close": 36.217999, "volume": 56220, "typical_volume": 96100.0, "trend": 33.9185, "fair_value": 29.353141, "relative_strength": 1.580653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.237998, "energy": 60.769966, "activity_lines": [ 36.0984, 35.865073, 35.304881, 34.746942 ] }, { "date": "2025-11-21", "close": 35.541, "volume": 97253, "typical_volume": 98166.85, "trend": 34.092966, "fair_value": 29.427365, "relative_strength": 3.392151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.914926, "energy": 49.748026, "activity_lines": [ 35.945, 35.844927, 35.378986, 34.851619 ] }, { "date": "2025-11-28", "close": 36.612, "volume": 107644, "typical_volume": 99156.45, "trend": 34.266566, "fair_value": 29.508724, "relative_strength": 3.470409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.337064, "energy": 49.975858, "activity_lines": [ 36.133533, 36.0094, 35.543133, 35.014138 ] }, { "date": "2025-12-05", "close": 36.695, "volume": 118458, "typical_volume": 100477.4, "trend": 34.435833, "fair_value": 29.593737, "relative_strength": 3.117737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.520335, "energy": 52.660197, "activity_lines": [ 36.311866, 36.162036, 35.699348, 35.170811 ] }, { "date": "2025-12-12", "close": 36.231998, "volume": 153957, "typical_volume": 103791.05, "trend": 34.5383, "fair_value": 29.680987, "relative_strength": 1.41453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.096721, "energy": 45.50503, "activity_lines": [ 36.338399, 36.203072, 35.796557, 35.286692 ] }, { "date": "2025-12-19", "close": 36.479, "volume": 163304, "typical_volume": 106732.8, "trend": 34.6816, "fair_value": 29.770237, "relative_strength": 1.967945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.153722, "energy": 48.479392, "activity_lines": [ 36.411533, 36.2808, 35.905795, 35.411899 ] }, { "date": "2025-12-26", "close": 36.611, "volume": 39418, "typical_volume": 103229.7, "trend": 34.815066, "fair_value": 29.861058, "relative_strength": 2.403761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.304974, "energy": 46.920688, "activity_lines": [ 36.511266, 36.363436, 36.013181, 35.536376 ] }, { "date": "2026-01-02", "close": 36.569, "volume": 101665, "typical_volume": 104514.8, "trend": 34.933933, "fair_value": 29.948289, "relative_strength": 1.780883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.528131, "energy": 43.408213, "activity_lines": [ 36.525666, 36.414872, 36.104105, 35.649533 ] }, { "date": "2026-01-09", "close": 37.526001, "volume": 201442, "typical_volume": 110201.95, "trend": 35.0984, "fair_value": 30.039974, "relative_strength": 1.736466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.635677, "energy": 56.416676, "activity_lines": [ 36.861934, 36.630764, 36.2756, 35.816763 ] }, { "date": "2026-01-16", "close": 37.703999, "volume": 130208, "typical_volume": 112167.5, "trend": 35.273066, "fair_value": 30.133692, "relative_strength": 2.325756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.040529, "energy": 74.650471, "activity_lines": [ 37.202133, 36.8646, 36.449843, 35.984867 ] }, { "date": "2026-01-23", "close": 37.040001, "volume": 199993, "typical_volume": 118354.8, "trend": 35.4089, "fair_value": 30.219308, "relative_strength": 2.331175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.352331, "energy": 62.142223, "activity_lines": [ 37.222867, 36.9412, 36.544928, 36.098862 ] }, { "date": "2026-01-30", "close": 36.848999, "volume": 70778, "typical_volume": 117308.2, "trend": 35.5362, "fair_value": 30.300199, "relative_strength": 3.486634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.133283, "energy": 54.984912, "activity_lines": [ 37.142533, 36.968127, 36.60899, 36.191772 ] }, { "date": "2026-02-06", "close": 37.0, "volume": 167713, "typical_volume": 118496.75, "trend": 35.66, "fair_value": 30.383353, "relative_strength": 3.321719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.050321, "energy": 43.087015, "activity_lines": [ 37.096667, 36.998727, 36.678557, 36.286211 ] }, { "date": "2026-02-13", "close": 36.859001, "volume": 111008, "typical_volume": 119752.75, "trend": 35.769833, "fair_value": 30.465962, "relative_strength": 2.255719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.736319, "energy": 28.228784, "activity_lines": [ 36.975067, 36.996636, 36.725795, 36.363566 ] }, { "date": "2026-02-20", "close": 37.355999, "volume": 61392, "typical_volume": 115813.55, "trend": 35.887767, "fair_value": 30.553917, "relative_strength": 2.366637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.639329, "energy": 32.624256, "activity_lines": [ 37.0636, 37.081927, 36.812405, 36.465899 ] }, { "date": "2026-02-27", "close": 37.299, "volume": 69758, "typical_volume": 111603.95, "trend": 36.016067, "fair_value": 30.639583, "relative_strength": 2.197774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.006107, "energy": 37.632203, "activity_lines": [ 37.156333, 37.136418, 36.886081, 36.556946 ] }, { "date": "2026-03-06", "close": 37.182999, "volume": 105949, "typical_volume": 110776.65, "trend": 36.122367, "fair_value": 30.728308, "relative_strength": 8.957766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.005164, "energy": 34.860545, "activity_lines": [ 37.193133, 37.154909, 36.939805, 36.632232 ] }, { "date": "2026-03-13", "close": 36.73, "volume": 131578, "typical_volume": 114554.7, "trend": 36.201733, "fair_value": 30.815962, "relative_strength": 8.047281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.409288, "energy": 26.149783, "activity_lines": [ 37.056666, 37.080636, 36.94149, 36.671434 ] }, { "date": "2026-03-20", "close": 35.695999, "volume": 98464, "typical_volume": 115087.65, "trend": 36.240167, "fair_value": 30.897077, "relative_strength": 9.757691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -6.27472, "energy": 10.315834, "activity_lines": [ 36.593533, 36.815436, 36.841433, 36.638806 ] }, { "date": "2026-03-27", "close": 35.285, "volume": 136144, "typical_volume": 116117.3, "trend": 36.270967, "fair_value": 30.971103, "relative_strength": 8.663058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -33.359682, "energy": 33.215383, "activity_lines": [ 36.070933, 36.508781, 36.707171, 36.577183 ] }, { "date": "2026-04-03", "close": 36.242001, "volume": 77380, "typical_volume": 117175.3, "trend": 36.3342, "fair_value": 31.051878, "relative_strength": 7.225225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -16.512389, "energy": 28.441005, "activity_lines": [ 36.0054, 36.420109, 36.666009, 36.575314 ] }, { "date": "2026-04-10", "close": 37.076, "volume": 135560, "typical_volume": 119090.65, "trend": 36.4039, "fair_value": 31.136808, "relative_strength": 6.560846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -2.873832, "energy": 17.562213, "activity_lines": [ 36.288333, 36.497582, 36.704162, 36.623172 ] }, { "date": "2026-04-17", "close": 38.306, "volume": 97447, "typical_volume": 118580.8, "trend": 36.509733, "fair_value": 31.22943, "relative_strength": 5.85602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.54999, "energy": 25.112977, "activity_lines": [ 36.9884, 36.794564, 36.852148, 36.745888 ] }, { "date": "2026-04-24", "close": 38.341999, "volume": 99373, "typical_volume": 117626.55, "trend": 36.6149, "fair_value": 31.322519, "relative_strength": 8.151276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.723342, "energy": 51.698405, "activity_lines": [ 37.5954, 37.074345, 36.995495, 36.864099 ] }, { "date": "2026-05-01", "close": 38.446999, "volume": 102790, "typical_volume": 115068.2, "trend": 36.7038, "fair_value": 31.416647, "relative_strength": 7.405327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.736485, "energy": 72.427063, "activity_lines": [ 38.060999, 37.346254, 37.141, 36.982299 ] }, { "date": "2026-05-08", "close": 39.259998, "volume": 214292, "typical_volume": 117617.6, "trend": 36.8315, "fair_value": 31.514192, "relative_strength": 9.08709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.234244, "energy": 85.807958, "activity_lines": [ 38.586799, 37.746145, 37.353385, 37.147215 ] }, { "date": "2026-05-15", "close": 39.757, "volume": 141833, "typical_volume": 122738.35, "trend": 36.979566, "fair_value": 31.61218, "relative_strength": 11.872568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.55838, "energy": 89.827204, "activity_lines": [ 39.077066, 38.200745, 37.599862, 37.335957 ] }, { "date": "2026-05-22", "close": 40.355, "volume": 142807, "typical_volume": 124795.45, "trend": 37.123266, "fair_value": 31.713314, "relative_strength": 8.909262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.547127, "energy": 93.367787, "activity_lines": [ 39.587933, 38.717272, 37.888309, 37.553727 ] }, { "date": "2026-05-29", "close": 40.553001, "volume": 103798, "typical_volume": 119913.25, "trend": 37.2506, "fair_value": 31.813256, "relative_strength": 8.142945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.474896, "energy": 92.655121, "activity_lines": [ 40.0282, 39.203891, 38.177585, 37.775 ] }, { "date": "2026-06-05", "close": 40.522999, "volume": 16470, "typical_volume": 114226.35, "trend": 37.4115, "fair_value": 31.912628, "relative_strength": 9.179669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.378567, "energy": 90.11708, "activity_lines": [ 40.311066, 39.596745, 38.44959, 37.986122 ] }, { "date": "2026-06-12", "close": 40.376999, "volume": 16269, "typical_volume": 105040.15, "trend": 37.550133, "fair_value": 32.008962, "relative_strength": 8.978997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.938915, "energy": 86.248281, "activity_lines": [ 40.406866, 39.867818, 38.694266, 38.177445 ] }, { "date": "2026-06-19", "close": 40.980999, "volume": 7819, "typical_volume": 101892.2, "trend": 37.731466, "fair_value": 32.112218, "relative_strength": 8.710157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.642893, "energy": 89.315007, "activity_lines": [ 40.629533, 40.173527, 38.980576, 38.398791 ] }, { "date": "2026-06-26", "close": 40.646, "volume": 14504, "typical_volume": 94231.75, "trend": 37.865933, "fair_value": 32.210282, "relative_strength": 8.813802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.128385, "energy": 78.262908, "activity_lines": [ 40.658933, 40.347327, 39.215304, 38.586825 ] }, { "date": "2026-07-03", "close": 41.32, "volume": 8295, "typical_volume": 89096.1, "trend": 38.0201, "fair_value": 32.314929, "relative_strength": 5.576042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.84883, "energy": 80.320987, "activity_lines": [ 40.8936, 40.601127, 39.496862, 38.809668 ] }, { "date": "2026-07-10", "close": 41.456001, "volume": 62150, "typical_volume": 89134.0, "trend": 38.194233, "fair_value": 32.419667, "relative_strength": 8.546071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.999575, "energy": 85.048655, "activity_lines": [ 41.122467, 40.825509, 39.770128, 39.03134 ] }, { "date": "2026-07-17", "close": 41.023998, "volume": 52678, "typical_volume": 88280.0, "trend": 38.345733, "fair_value": 32.519077, "relative_strength": 8.067616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.834919, "energy": 73.763644, "activity_lines": [ 41.145133, 40.916636, 39.982728, 39.213905 ] }, { "date": "2026-07-24", "close": 41.131001, "volume": 86094, "typical_volume": 87287.25, "trend": 38.4964, "fair_value": 32.616455, "relative_strength": 6.86673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.504837, "energy": 64.75653, "activity_lines": [ 41.160333, 40.995145, 40.187781, 39.3936 ] }, { "date": "2026-07-31", "close": 40.797001, "volume": 51708, "typical_volume": 83293.75, "trend": 38.637333, "fair_value": 32.714635, "relative_strength": 3.592986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.202708, "energy": 60.057327, "activity_lines": [ 41.0542, 40.987945, 40.342224, 39.542026 ] }, { "date": "2026-08-07", "close": 42.244999, "volume": 86353, "typical_volume": 82688.2, "trend": 38.794633, "fair_value": 32.823397, "relative_strength": 4.198227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.715459, "energy": 68.529236, "activity_lines": [ 41.420667, 41.235982, 40.615205, 39.774778 ] } ], "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." } } }