{ "ticker": { "uuid": "948d8cbf-8710-4e61-a5da-ddf8a4c57349", "symbol": "THNQ", "name": "EXCHANGE TRADED CONCEPTS TRUST ROBO GLOBAL ARTIFICIAL INTELLIGENCE ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 59.042, "architecture_energy": 36.051, "architecture_maturity": 73.925, "architecture_confidence": 93.669, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 24.32, "rotation_up": 39.31, "upward_expansion": 62.0, "deceleration": 85.32, "rotation_down": 27.18, "downward_expansion": 21.0 }, "activity_lines": [ 86.21786, 86.373084, 84.121246, 79.46094 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 90.54, "trend_reference": 73.87255, "distance_from_trend": 0.225624, "trend_direction": "Improving", "fair_value": 52.977567, "distance_from_fair_value": 0.709025, "fair_value_direction": "Improving", "relative_strength": 16.801933, "relative_strength_direction": "Improving", "price_momentum": 0.458676, "excess_performance": 0.333051, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.225624, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.110429, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.709025, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.088448, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.168019, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.019022, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.458676, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.440008, "read": "Demand-led" } ], "volume": { "latest": 214793, "relative_activity": 1.726236, "balance": 1.440008, "dry_up": 1.041399, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.069459, "annualized_volatility": 0.319612, "from_high_reference": -0.032588, "from_low_reference": 0.654367 }, "levels": { "trend_reference": 73.87255, "fair_value_reference": 52.977567, "structural_low": 55.5801, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.003751, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.004711, "regime_survival": 0.533333, "best_return": 0.146702, "worst_return": -0.146839, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.029043, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.02028, "regime_survival": 0.0, "best_return": 0.180834, "worst_return": -0.183047, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.129783, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.03602, "regime_survival": 0.0, "best_return": 0.385018, "worst_return": -0.347319, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.087494, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.035067, "regime_survival": 0.333333, "best_return": 0.406629, "worst_return": -0.406085, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.03357, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-14", "tenure": "Developing", "return": -0.118235, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.048297, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.071676, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.211111, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.075479, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-11-21", "tenure": "Established", "return": 0.089353, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-02-20", "tenure": "Established", "return": -0.014354, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.038468, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.005053, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.267441, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.074643, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": 0.039435, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.070972, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 33.661522, "volume": 72949, "typical_volume": 116754.2, "trend": 32.968203, "fair_value": 35.546735, "relative_strength": 2.687023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.823741, "energy": 19.093932, "activity_lines": [ 35.120554, 35.638903, 34.985466, 34.078975 ] }, { "date": "2023-08-25", "close": 34.479858, "volume": 73501, "typical_volume": 119836.35, "trend": 33.104592, "fair_value": 35.5517, "relative_strength": 4.248022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.696464, "energy": 24.35055, "activity_lines": [ 34.704068, 35.391291, 35.033729, 34.176501 ] }, { "date": "2023-09-01", "close": 36.296163, "volume": 568691, "typical_volume": 146571.05, "trend": 33.255941, "fair_value": 35.579375, "relative_strength": 6.777597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.120695, "energy": 25.508838, "activity_lines": [ 35.059346, 35.513471, 35.240353, 34.382409 ] }, { "date": "2023-09-08", "close": 35.827117, "volume": 59198, "typical_volume": 148470.9, "trend": 33.417279, "fair_value": 35.610325, "relative_strength": 6.548594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.20179, "energy": 18.9591, "activity_lines": [ 35.325471, 35.527545, 35.379397, 34.548292 ] }, { "date": "2023-09-15", "close": 35.018761, "volume": 159426, "typical_volume": 154285.25, "trend": 33.543356, "fair_value": 35.633889, "relative_strength": 4.103909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.769541, "energy": 16.889453, "activity_lines": [ 35.327467, 35.396357, 35.419024, 34.651613 ] }, { "date": "2023-09-22", "close": 33.701441, "volume": 46965, "typical_volume": 155507.75, "trend": 33.653971, "fair_value": 35.647358, "relative_strength": 2.999793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.295688, "energy": 8.182574, "activity_lines": [ 34.875719, 35.028378, 35.310822, 34.661812 ] }, { "date": "2023-09-29", "close": 33.950934, "volume": 47576, "typical_volume": 156068.95, "trend": 33.727156, "fair_value": 35.658024, "relative_strength": 4.282972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.834119, "energy": 10.212848, "activity_lines": [ 34.504474, 34.765459, 35.210699, 34.680971 ] }, { "date": "2023-10-06", "close": 34.49832, "volume": 51066, "typical_volume": 155368.7, "trend": 33.898564, "fair_value": 35.656908, "relative_strength": 5.244611, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.129338, "energy": 16.205827, "activity_lines": [ 34.350953, 34.657043, 35.147353, 34.730723 ] }, { "date": "2023-10-13", "close": 34.174279, "volume": 45068, "typical_volume": 145821.35, "trend": 34.020685, "fair_value": 35.651215, "relative_strength": 3.479067, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.788591, "energy": 21.288493, "activity_lines": [ 34.209275, 34.540725, 35.042488, 34.748512 ] }, { "date": "2023-10-20", "close": 32.991984, "volume": 80639, "typical_volume": 141154.7, "trend": 34.094003, "fair_value": 35.642248, "relative_strength": 2.117212, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.094196, "energy": 37.683427, "activity_lines": [ 33.783687, 34.240947, 34.821583, 34.682144 ] }, { "date": "2023-10-27", "close": 31.897611, "volume": 39308, "typical_volume": 126677.35, "trend": 34.076618, "fair_value": 35.63996, "relative_strength": 1.045111, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.900119, "energy": 53.657702, "activity_lines": [ 33.128427, 33.775051, 34.505391, 34.540441 ] }, { "date": "2023-11-03", "close": 34.722065, "volume": 376527, "typical_volume": 135245.4, "trend": 34.18703, "fair_value": 35.633101, "relative_strength": 3.565121, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.019572, "energy": 30.219367, "activity_lines": [ 33.534907, 33.854764, 34.472951, 34.582083 ] }, { "date": "2023-11-10", "close": 35.348091, "volume": 274843, "typical_volume": 142720.5, "trend": 34.315788, "fair_value": 35.634789, "relative_strength": 3.781193, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.45287, "energy": 9.025564, "activity_lines": [ 34.098653, 34.043895, 34.509339, 34.65699 ] }, { "date": "2023-11-17", "close": 36.994742, "volume": 76942, "typical_volume": 141460.75, "trend": 34.511723, "fair_value": 35.640262, "relative_strength": 5.832428, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.868694, "energy": 26.040703, "activity_lines": [ 35.154632, 34.549656, 34.701087, 34.829826 ] }, { "date": "2023-11-24", "close": 37.485244, "volume": 146702, "typical_volume": 144543.45, "trend": 34.750534, "fair_value": 35.641231, "relative_strength": 5.815231, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.204839, "energy": 48.214304, "activity_lines": [ 36.18608, 35.123369, 34.934438, 35.021666 ] }, { "date": "2023-12-01", "close": 38.972818, "volume": 112796, "typical_volume": 141479.4, "trend": 35.036023, "fair_value": 35.647386, "relative_strength": 8.726144, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.520165, "energy": 81.924488, "activity_lines": [ 37.413836, 35.922704, 35.298431, 35.294071 ] }, { "date": "2023-12-08", "close": 39.179298, "volume": 79279, "typical_volume": 136635.6, "trend": 35.31778, "fair_value": 35.652529, "relative_strength": 8.669781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.414877, "energy": 86.79766, "activity_lines": [ 38.238738, 36.663739, 35.672621, 35.561379 ] }, { "date": "2023-12-15", "close": 40.914568, "volume": 126605, "typical_volume": 134966.05, "trend": 35.606266, "fair_value": 35.658358, "relative_strength": 10.417098, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.380046, "energy": 93.193748, "activity_lines": [ 39.344914, 37.625216, 36.201577, 35.922462 ] }, { "date": "2023-12-22", "close": 41.127634, "volume": 115634, "typical_volume": 131926.1, "trend": 35.862122, "fair_value": 35.663787, "relative_strength": 9.511646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.794623, "energy": 92.945663, "activity_lines": [ 40.151014, 38.508773, 36.733633, 36.27868 ] }, { "date": "2023-12-29", "close": 41.156775, "volume": 95086, "typical_volume": 132440.05, "trend": 36.071713, "fair_value": 35.671275, "relative_strength": 8.760488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.309179, "energy": 90.411637, "activity_lines": [ 40.691302, 39.271204, 37.243604, 36.62027 ] }, { "date": "2024-01-05", "close": 39.036289, "volume": 117502, "typical_volume": 134667.7, "trend": 36.206375, "fair_value": 35.655894, "relative_strength": 4.423541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.103473, "energy": 78.940179, "activity_lines": [ 40.279992, 39.499641, 37.521349, 36.811533 ] }, { "date": "2024-01-12", "close": 40.775251, "volume": 147557, "typical_volume": 138370.5, "trend": 36.343703, "fair_value": 35.65457, "relative_strength": 6.71626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.502569, "energy": 62.035187, "activity_lines": [ 40.444105, 39.914459, 37.939116, 37.106299 ] }, { "date": "2024-01-19", "close": 41.555464, "volume": 266633, "typical_volume": 123267.6, "trend": 36.560861, "fair_value": 35.648421, "relative_strength": 7.133742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.847141, "energy": 62.223502, "activity_lines": [ 40.761892, 40.361076, 38.401211, 37.442542 ] }, { "date": "2024-01-26", "close": 41.914733, "volume": 287684, "typical_volume": 134691.9, "trend": 36.760641, "fair_value": 35.654754, "relative_strength": 6.702179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.247959, "energy": 61.807035, "activity_lines": [ 41.156708, 40.760153, 38.872477, 37.787953 ] }, { "date": "2024-02-02", "close": 42.290868, "volume": 187289, "typical_volume": 136085.05, "trend": 36.998055, "fair_value": 35.646177, "relative_strength": 5.96227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.455222, "energy": 73.455156, "activity_lines": [ 41.62443, 41.138164, 39.350577, 38.144742 ] }, { "date": "2024-02-09", "close": 44.31984, "volume": 173475, "typical_volume": 142410.55, "trend": 37.242558, "fair_value": 35.636462, "relative_strength": 9.233655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.988329, "energy": 88.974283, "activity_lines": [ 42.69287, 41.797704, 39.987284, 38.617115 ] }, { "date": "2024-02-16", "close": 43.481546, "volume": 217635, "typical_volume": 150913.5, "trend": 37.45945, "fair_value": 35.623918, "relative_strength": 7.296257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.493327, "energy": 84.125334, "activity_lines": [ 43.129642, 42.207608, 40.493589, 39.01963 ] }, { "date": "2024-02-23", "close": 43.351809, "volume": 130711, "typical_volume": 154895.75, "trend": 37.66104, "fair_value": 35.634537, "relative_strength": 5.031645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.03385, "energy": 73.646765, "activity_lines": [ 43.342748, 42.515701, 40.942155, 39.399783 ] }, { "date": "2024-03-01", "close": 44.64917, "volume": 164022, "typical_volume": 160843.45, "trend": 37.952447, "fair_value": 35.671641, "relative_strength": 6.935691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.411731, "energy": 70.549584, "activity_lines": [ 43.868551, 43.015365, 41.472119, 39.85063 ] }, { "date": "2024-03-08", "close": 44.289901, "volume": 149817, "typical_volume": 164302.35, "trend": 38.268803, "fair_value": 35.696462, "relative_strength": 6.076034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.366601, "energy": 62.212623, "activity_lines": [ 44.092303, 43.385679, 41.917987, 40.259498 ] }, { "date": "2024-03-15", "close": 43.112297, "volume": 126659, "typical_volume": 168669.9, "trend": 38.583829, "fair_value": 35.718282, "relative_strength": 3.189415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.924297, "energy": 55.334228, "activity_lines": [ 43.790251, 43.484917, 42.197902, 40.571981 ] }, { "date": "2024-03-22", "close": 43.910673, "volume": 91642, "typical_volume": 154425.65, "trend": 38.89819, "fair_value": 35.749956, "relative_strength": 2.677734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.849115, "energy": 52.335636, "activity_lines": [ 43.834827, 43.655205, 42.50045, 40.915649 ] }, { "date": "2024-03-29", "close": 44.020449, "volume": 100641, "typical_volume": 145715.55, "trend": 39.155666, "fair_value": 35.77273, "relative_strength": 2.476761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.54959, "energy": 47.303111, "activity_lines": [ 43.887387, 43.788445, 42.769698, 41.246117 ] }, { "date": "2024-04-05", "close": 43.142236, "volume": 114064, "typical_volume": 147571.65, "trend": 39.399503, "fair_value": 35.785397, "relative_strength": 1.204707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.336676, "energy": 35.944366, "activity_lines": [ 43.602633, 43.717192, 42.914009, 41.503315 ] }, { "date": "2024-04-12", "close": 42.254043, "volume": 68910, "typical_volume": 143682.05, "trend": 39.640679, "fair_value": 35.788531, "relative_strength": 0.468183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.104779, "energy": 28.768882, "activity_lines": [ 43.122277, 43.462131, 42.944456, 41.687479 ] }, { "date": "2024-04-19", "close": 39.759118, "volume": 122927, "typical_volume": 144188.6, "trend": 39.842602, "fair_value": 35.775225, "relative_strength": -2.552879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.408964, "energy": 14.28159, "activity_lines": [ 41.946003, 42.754116, 42.714583, 41.69512 ] }, { "date": "2024-04-26", "close": 42.278194, "volume": 64948, "typical_volume": 143472.05, "trend": 40.120177, "fair_value": 35.780434, "relative_strength": 0.733676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.857341, "energy": 18.797782, "activity_lines": [ 41.832966, 42.587038, 42.720878, 41.852255 ] }, { "date": "2024-05-03", "close": 42.772987, "volume": 66985, "typical_volume": 140491.05, "trend": 40.395999, "fair_value": 35.802258, "relative_strength": 1.099326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.047344, "energy": 17.238805, "activity_lines": [ 41.993692, 42.531801, 42.75954, 42.023404 ] }, { "date": "2024-05-10", "close": 42.822486, "volume": 65700, "typical_volume": 137994.35, "trend": 40.684273, "fair_value": 35.831491, "relative_strength": -0.788901, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.716367, "energy": 14.469903, "activity_lines": [ 42.254083, 42.496089, 42.794066, 42.179952 ] }, { "date": "2024-05-17", "close": 44.150185, "volume": 77014, "typical_volume": 137090.75, "trend": 41.056213, "fair_value": 35.864618, "relative_strength": 0.502345, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.101198, "energy": 28.488541, "activity_lines": [ 42.978356, 42.734988, 42.946968, 42.403559 ] }, { "date": "2024-05-24", "close": 43.943905, "volume": 73866, "typical_volume": 134908.95, "trend": 41.457756, "fair_value": 35.888734, "relative_strength": -0.016245, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.278677, "energy": 37.491797, "activity_lines": [ 43.507459, 42.938922, 43.065971, 42.589862 ] }, { "date": "2024-05-31", "close": 42.283982, "volume": 1164556, "typical_volume": 185758.9, "trend": 41.70982, "fair_value": 35.902475, "relative_strength": -3.35956, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 32.682912, "energy": 23.803583, "activity_lines": [ 43.20427, 42.825932, 43.003516, 42.643167 ] }, { "date": "2024-06-07", "close": 43.07637, "volume": 94199, "typical_volume": 177137.2, "trend": 41.967429, "fair_value": 35.914559, "relative_strength": -2.729295, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.864997, "energy": 23.94197, "activity_lines": [ 43.164823, 42.886589, 43.009342, 42.731331 ] }, { "date": "2024-06-14", "close": 43.611282, "volume": 65397, "typical_volume": 166022.85, "trend": 42.187981, "fair_value": 35.925114, "relative_strength": -3.023465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.557395, "energy": 24.885753, "activity_lines": [ 43.283455, 43.061667, 43.05887, 42.837386 ] }, { "date": "2024-06-21", "close": 44.040409, "volume": 71263, "typical_volume": 160221.55, "trend": 42.406486, "fair_value": 35.931839, "relative_strength": -2.66898, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.461387, "energy": 25.252064, "activity_lines": [ 43.492543, 43.306241, 43.141189, 42.956898 ] }, { "date": "2024-06-28", "close": 44.944969, "volume": 58946, "typical_volume": 154495.1, "trend": 42.605558, "fair_value": 35.944706, "relative_strength": -0.626389, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.405897, "energy": 44.959906, "activity_lines": [ 44.01047, 43.6828, 43.301324, 43.120671 ] }, { "date": "2024-07-05", "close": 46.223468, "volume": 39901, "typical_volume": 145608.4, "trend": 42.840363, "fair_value": 35.966161, "relative_strength": 0.233513, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.345919, "energy": 66.593923, "activity_lines": [ 44.887825, 44.197526, 43.580245, 43.354084 ] }, { "date": "2024-07-12", "close": 46.267977, "volume": 111262, "typical_volume": 144635.95, "trend": 43.01881, "fair_value": 35.996391, "relative_strength": -0.608844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.599279, "energy": 72.957439, "activity_lines": [ 45.517384, 44.648612, 43.850348, 43.575221 ] }, { "date": "2024-07-19", "close": 43.974543, "volume": 60271, "typical_volume": 139448.4, "trend": 43.113707, "fair_value": 36.000363, "relative_strength": -3.579863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.227059, "energy": 62.144302, "activity_lines": [ 45.169692, 44.619164, 43.888142, 43.636881 ] }, { "date": "2024-07-26", "close": 43.562481, "volume": 104407, "typical_volume": 137177.9, "trend": 43.193898, "fair_value": 36.004172, "relative_strength": -3.623148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.287645, "energy": 36.779575, "activity_lines": [ 44.660428, 44.49385, 43.889905, 43.665834 ] }, { "date": "2024-08-02", "close": 40.715972, "volume": 70485, "typical_volume": 134369.2, "trend": 43.249887, "fair_value": 35.986896, "relative_strength": -7.861433, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -17.148837, "energy": 16.052726, "activity_lines": [ 43.234189, 43.861674, 43.624035, 43.505968 ] }, { "date": "2024-08-09", "close": 41.964931, "volume": 105589, "typical_volume": 135066.55, "trend": 43.289543, "fair_value": 35.981908, "relative_strength": -5.041223, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -8.997311, "energy": 21.761592, "activity_lines": [ 42.506203, 43.515272, 43.488525, 43.423067 ] }, { "date": "2024-08-16", "close": 44.01047, "volume": 58172, "typical_volume": 132943.1, "trend": 43.371376, "fair_value": 35.994127, "relative_strength": -4.269448, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -5.379213, "energy": 17.678783, "activity_lines": [ 42.743966, 43.546586, 43.557094, 43.469579 ] }, { "date": "2024-08-23", "close": 44.494485, "volume": 45305, "typical_volume": 129505.15, "trend": 43.457368, "fair_value": 35.995686, "relative_strength": -4.555994, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.315179, "energy": 10.823928, "activity_lines": [ 43.293568, 43.64892, 43.671806, 43.542038 ] }, { "date": "2024-08-30", "close": 44.446782, "volume": 41482, "typical_volume": 128133.75, "trend": 43.529232, "fair_value": 35.987055, "relative_strength": -4.860356, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.238111, "energy": 15.923831, "activity_lines": [ 43.792606, 43.726522, 43.775537, 43.605871 ] }, { "date": "2024-09-06", "close": 41.765437, "volume": 59843, "typical_volume": 124979.55, "trend": 43.444085, "fair_value": 35.968186, "relative_strength": -6.649487, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.979092, "energy": 6.495149, "activity_lines": [ 43.338909, 43.309218, 43.613459, 43.492077 ] }, { "date": "2024-09-13", "close": 44.01047, "volume": 38039, "typical_volume": 123634.1, "trend": 43.461716, "fair_value": 35.963242, "relative_strength": -5.388014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.686614, "energy": 9.30447, "activity_lines": [ 43.563592, 43.357912, 43.655641, 43.528618 ] }, { "date": "2024-09-20", "close": 45.045364, "volume": 56157, "typical_volume": 123092.7, "trend": 43.518168, "fair_value": 35.965576, "relative_strength": -4.517905, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.173282, "energy": 20.15298, "activity_lines": [ 43.996871, 43.635004, 43.788134, 43.630789 ] }, { "date": "2024-09-27", "close": 46.285442, "volume": 131641, "typical_volume": 126389.75, "trend": 43.57271, "fair_value": 35.987793, "relative_strength": -2.453339, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.194396, "energy": 44.29785, "activity_lines": [ 44.774515, 44.159795, 44.02791, 43.809323 ] }, { "date": "2024-10-04", "close": 46.522559, "volume": 54660, "typical_volume": 125272.05, "trend": 43.647132, "fair_value": 36.009334, "relative_strength": -2.207253, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.555481, "energy": 59.27017, "activity_lines": [ 45.511802, 44.685682, 44.273778, 43.999636 ] }, { "date": "2024-10-11", "close": 47.737887, "volume": 61766, "typical_volume": 124667.05, "trend": 43.801319, "fair_value": 36.02709, "relative_strength": -0.843369, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.726704, "energy": 70.523669, "activity_lines": [ 46.515813, 45.378717, 44.624094, 44.263556 ] }, { "date": "2024-10-18", "close": 47.234012, "volume": 39540, "typical_volume": 68416.25, "trend": 43.912096, "fair_value": 36.035023, "relative_strength": -2.762434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.931641, "energy": 71.764024, "activity_lines": [ 46.953702, 45.852468, 44.908356, 44.48502 ] }, { "date": "2024-10-25", "close": 46.476353, "volume": 74587, "typical_volume": 67435.65, "trend": 43.99396, "fair_value": 36.036719, "relative_strength": -3.43956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.858638, "energy": 66.743519, "activity_lines": [ 46.924136, 46.092661, 45.096888, 44.650456 ] }, { "date": "2024-11-01", "close": 45.96649, "volume": 38561, "typical_volume": 66093.85, "trend": 44.088102, "fair_value": 36.025778, "relative_strength": -3.150524, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.831089, "energy": 55.051779, "activity_lines": [ 46.629215, 46.195318, 45.220672, 44.777716 ] }, { "date": "2024-11-08", "close": 48.7635, "volume": 57826, "typical_volume": 65422.0, "trend": 44.305084, "fair_value": 36.032412, "relative_strength": -1.92517, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.353124, "energy": 61.71486, "activity_lines": [ 47.287895, 46.779758, 45.599622, 45.079354 ] }, { "date": "2024-11-15", "close": 47.239002, "volume": 81710, "typical_volume": 66560.2, "trend": 44.554413, "fair_value": 36.033366, "relative_strength": -2.916645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.166489, "energy": 41.783504, "activity_lines": [ 47.289013, 47.008531, 45.81089, 45.268639 ] }, { "date": "2024-11-22", "close": 50.031222, "volume": 64439, "typical_volume": 67787.1, "trend": 44.812847, "fair_value": 36.067071, "relative_strength": 1.123345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.472399, "energy": 64.78925, "activity_lines": [ 48.25413, 47.64546, 46.277161, 45.621982 ] }, { "date": "2024-11-29", "close": 50.364543, "volume": 79698, "typical_volume": 66208.9, "trend": 45.065899, "fair_value": 36.117206, "relative_strength": 0.664896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.207654, "energy": 78.488414, "activity_lines": [ 49.143873, 48.233526, 46.757044, 45.980156 ] }, { "date": "2024-12-06", "close": 52.248411, "volume": 47823, "typical_volume": 65586.5, "trend": 45.380097, "fair_value": 36.17312, "relative_strength": 3.534356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.614307, "energy": 88.393256, "activity_lines": [ 50.40236, 49.0674, 47.396836, 46.443543 ] }, { "date": "2024-12-13", "close": 50.846264, "volume": 52314, "typical_volume": 62981.85, "trend": 45.603299, "fair_value": 36.225544, "relative_strength": 1.44663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.912855, "energy": 84.403523, "activity_lines": [ 50.774669, 49.537921, 47.86369, 46.796199 ] }, { "date": "2024-12-20", "close": 49.636724, "volume": 73114, "typical_volume": 63113.3, "trend": 45.79306, "fair_value": 36.261718, "relative_strength": 0.978666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.007768, "energy": 71.80573, "activity_lines": [ 50.604948, 49.709913, 48.180666, 47.05642 ] }, { "date": "2024-12-27", "close": 49.772648, "volume": 40372, "typical_volume": 59852.45, "trend": 46.042682, "fair_value": 36.301111, "relative_strength": 0.692603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.149808, "energy": 52.310276, "activity_lines": [ 50.320686, 49.872094, 48.468107, 47.313168 ] }, { "date": "2025-01-03", "close": 50.068146, "volume": 71661, "typical_volume": 60526.9, "trend": 46.275741, "fair_value": 36.362301, "relative_strength": 1.811958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.026141, "energy": 42.014142, "activity_lines": [ 50.152162, 50.041845, 48.746511, 47.572875 ] }, { "date": "2025-01-10", "close": 49.070177, "volume": 59339, "typical_volume": 61228.6, "trend": 46.457705, "fair_value": 36.419362, "relative_strength": 1.802107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.021984, "energy": 28.610053, "activity_lines": [ 49.670742, 49.964842, 48.901025, 47.753161 ] }, { "date": "2025-01-17", "close": 50.706847, "volume": 156435, "typical_volume": 66976.25, "trend": 46.679919, "fair_value": 36.503806, "relative_strength": 2.245619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.096653, "energy": 30.886548, "activity_lines": [ 49.94676, 50.128985, 49.189622, 48.0273 ] }, { "date": "2025-01-24", "close": 52.409084, "volume": 115228, "typical_volume": 69745.5, "trend": 46.928723, "fair_value": 36.604727, "relative_strength": 3.893532, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.386175, "energy": 43.995452, "activity_lines": [ 50.799485, 50.567291, 49.610528, 48.396923 ] }, { "date": "2025-01-31", "close": 52.92234, "volume": 370882, "typical_volume": 86387.65, "trend": 47.152019, "fair_value": 36.700847, "relative_strength": 5.95134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.332204, "energy": 48.235554, "activity_lines": [ 51.638472, 51.004915, 50.029631, 48.783608 ] }, { "date": "2025-02-07", "close": 53.690777, "volume": 116253, "typical_volume": 89392.45, "trend": 47.399445, "fair_value": 36.80451, "relative_strength": 7.682391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.668003, "energy": 67.559604, "activity_lines": [ 52.523625, 51.52969, 50.479481, 49.205464 ] }, { "date": "2025-02-14", "close": 55.018077, "volume": 145568, "typical_volume": 90088.8, "trend": 47.767563, "fair_value": 36.927846, "relative_strength": 8.67604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.397109, "energy": 80.935138, "activity_lines": [ 53.609702, 52.235314, 51.014572, 49.696988 ] }, { "date": "2025-02-21", "close": 52.842503, "volume": 118490, "typical_volume": 93280.3, "trend": 48.076897, "fair_value": 37.034104, "relative_strength": 6.0369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.06076, "energy": 70.422765, "activity_lines": [ 53.574061, 52.495022, 51.300882, 50.024404 ] }, { "date": "2025-02-28", "close": 50.26774, "volume": 142884, "typical_volume": 97336.2, "trend": 48.39529, "fair_value": 37.134853, "relative_strength": 1.932469, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.104804, "energy": 41.06217, "activity_lines": [ 52.537789, 52.250296, 51.311881, 50.165748 ] }, { "date": "2025-03-07", "close": 47.775311, "volume": 133551, "typical_volume": 102036.75, "trend": 48.588969, "fair_value": 37.232538, "relative_strength": 0.059044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.140874, "energy": 10.364807, "activity_lines": [ 50.813464, 51.540929, 51.073459, 50.12575 ] }, { "date": "2025-03-14", "close": 46.665069, "volume": 126142, "typical_volume": 104614.5, "trend": 48.677456, "fair_value": 37.298687, "relative_strength": 0.067586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -10.007759, "energy": 23.141693, "activity_lines": [ 49.062193, 50.666014, 50.726721, 50.001627 ] }, { "date": "2025-03-21", "close": 47.004379, "volume": 108130, "typical_volume": 108092.95, "trend": 48.761119, "fair_value": 37.366374, "relative_strength": 0.330403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.564858, "energy": 37.603286, "activity_lines": [ 47.892406, 49.914666, 50.411401, 49.893687 ] }, { "date": "2025-03-28", "close": 44.734197, "volume": 121151, "typical_volume": 111259.2, "trend": 48.770699, "fair_value": 37.415087, "relative_strength": -2.979563, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.474687, "energy": 54.702661, "activity_lines": [ 46.500138, 48.788118, 49.87493, 49.633885 ] }, { "date": "2025-04-04", "close": 39.36991, "volume": 220239, "typical_volume": 118185.65, "trend": 48.690848, "fair_value": 37.445547, "relative_strength": -5.961591, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -62.871704, "energy": 77.631034, "activity_lines": [ 43.860328, 46.794838, 48.846763, 49.027383 ] }, { "date": "2025-04-11", "close": 42.191769, "volume": 206925, "typical_volume": 125309.95, "trend": 48.630225, "fair_value": 37.498699, "relative_strength": -4.525667, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.65241, "energy": 80.13098, "activity_lines": [ 42.88766, 45.5517, 48.124815, 48.608087 ] }, { "date": "2025-04-18", "close": 41.425129, "volume": 49859, "typical_volume": 123818.0, "trend": 48.50955, "fair_value": 37.5615, "relative_strength": -4.861639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.801995, "energy": 81.229448, "activity_lines": [ 42.031682, 44.364273, 47.367185, 48.143242 ] }, { "date": "2025-04-25", "close": 44.779505, "volume": 112787, "typical_volume": 127066.2, "trend": 48.459353, "fair_value": 37.65145, "relative_strength": -1.616576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.638149, "energy": 64.235267, "activity_lines": [ 42.643158, 44.009745, 46.971588, 47.902594 ] }, { "date": "2025-05-02", "close": 46.515374, "volume": 55063, "typical_volume": 127203.65, "trend": 48.459113, "fair_value": 37.762442, "relative_strength": -0.648322, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.034314, "energy": 40.573237, "activity_lines": [ 43.981582, 44.156986, 46.776878, 47.777176 ] }, { "date": "2025-05-09", "close": 47.154075, "volume": 71716, "typical_volume": 127133.75, "trend": 48.439653, "fair_value": 37.882494, "relative_strength": 1.14083, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.055243, "energy": 23.858394, "activity_lines": [ 45.414161, 44.535393, 46.663619, 47.69298 ] }, { "date": "2025-05-16", "close": 51.119009, "volume": 96250, "typical_volume": 129927.65, "trend": 48.569153, "fair_value": 38.030801, "relative_strength": 4.09693, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.400678, "energy": 19.344189, "activity_lines": [ 47.64944, 45.691309, 46.939796, 47.865842 ] }, { "date": "2025-05-23", "close": 50.170438, "volume": 48239, "typical_volume": 128756.55, "trend": 48.692289, "fair_value": 38.164353, "relative_strength": 4.764558, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 8.584621, "energy": 24.189019, "activity_lines": [ 48.97338, 46.613962, 47.119222, 47.969151 ] }, { "date": "2025-05-30", "close": 50.061859, "volume": 55042, "typical_volume": 128541.7, "trend": 48.828801, "fair_value": 38.298086, "relative_strength": 2.625203, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.909803, "energy": 29.206175, "activity_lines": [ 49.678107, 47.453141, 47.287819, 48.05751 ] }, { "date": "2025-06-06", "close": 51.994228, "volume": 110274, "typical_volume": 126233.65, "trend": 48.936492, "fair_value": 38.454734, "relative_strength": 4.728081, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.894966, "energy": 37.120896, "activity_lines": [ 50.674799, 48.588068, 47.635729, 48.261731 ] }, { "date": "2025-06-13", "close": 51.415605, "volume": 71253, "typical_volume": 124034.9, "trend": 49.075712, "fair_value": 38.617801, "relative_strength": 3.819257, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.019469, "energy": 46.973956, "activity_lines": [ 51.11336, 49.485791, 47.922402, 48.421674 ] }, { "date": "2025-06-20", "close": 51.615, "volume": 59946, "typical_volume": 108488.1, "trend": 49.128505, "fair_value": 38.764604, "relative_strength": 4.26983, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.22077, "energy": 43.688878, "activity_lines": [ 51.334284, 50.200755, 48.232796, 48.585499 ] }, { "date": "2025-06-27", "close": 54.469193, "volume": 112396, "typical_volume": 108295.25, "trend": 49.265326, "fair_value": 38.942163, "relative_strength": 6.222209, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.116633, "energy": 55.761787, "activity_lines": [ 52.47354, 51.263331, 48.821243, 48.93006 ] }, { "date": "2025-07-04", "close": 55.23763, "volume": 88120, "typical_volume": 105422.85, "trend": 49.364967, "fair_value": 39.115193, "relative_strength": 5.827524, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.460205, "energy": 66.28237, "activity_lines": [ 53.582357, 52.228459, 49.479168, 49.31537 ] }, { "date": "2025-07-11", "close": 53.840472, "volume": 103353, "typical_volume": 104666.0, "trend": 49.464774, "fair_value": 39.287599, "relative_strength": 3.371294, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.395607, "energy": 75.552919, "activity_lines": [ 53.880404, 52.74941, 50.002985, 49.604112 ] }, { "date": "2025-07-18", "close": 55.397305, "volume": 135810, "typical_volume": 104312.3, "trend": 49.656793, "fair_value": 39.458567, "relative_strength": 5.514888, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.726876, "energy": 81.7644, "activity_lines": [ 54.574313, 53.420238, 50.670319, 49.986856 ] }, { "date": "2025-07-25", "close": 56.385295, "volume": 149474, "typical_volume": 105108.45, "trend": 49.877215, "fair_value": 39.631728, "relative_strength": 5.609938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.166446, "energy": 86.754992, "activity_lines": [ 55.332104, 54.120824, 51.407322, 50.420953 ] }, { "date": "2025-08-01", "close": 54.319498, "volume": 155182, "typical_volume": 106560.45, "trend": 50.018926, "fair_value": 39.777941, "relative_strength": 4.018452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.701935, "energy": 72.354517, "activity_lines": [ 55.083277, 54.350059, 51.906581, 50.707552 ] }, { "date": "2025-08-08", "close": 56.095884, "volume": 208877, "typical_volume": 111597.8, "trend": 50.253117, "fair_value": 39.928769, "relative_strength": 4.61438, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.362483, "energy": 67.610469, "activity_lines": [ 55.436559, 54.826837, 52.538571, 51.099613 ] }, { "date": "2025-08-15", "close": 57.203631, "volume": 99825, "typical_volume": 110531.5, "trend": 50.469676, "fair_value": 40.099527, "relative_strength": 5.437081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.024512, "energy": 76.658305, "activity_lines": [ 56.101872, 55.395313, 53.232767, 51.548034 ] }, { "date": "2025-08-22", "close": 57.57288, "volume": 142003, "typical_volume": 106619.7, "trend": 50.641803, "fair_value": 40.278405, "relative_strength": 5.59148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.478327, "energy": 63.000504, "activity_lines": [ 56.666058, 55.936209, 53.902752, 52.006305 ] }, { "date": "2025-08-29", "close": 59.129713, "volume": 209803, "typical_volume": 106763.6, "trend": 50.848715, "fair_value": 40.479549, "relative_strength": 8.19902, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.200906, "energy": 81.70139, "activity_lines": [ 57.60415, 56.648215, 54.634326, 52.553912 ] }, { "date": "2025-09-05", "close": 59.608439, "volume": 78918, "typical_volume": 108216.55, "trend": 51.045971, "fair_value": 40.673416, "relative_strength": 8.365416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.885555, "energy": 85.601556, "activity_lines": [ 58.518856, 57.310631, 55.330835, 53.119055 ] }, { "date": "2025-09-12", "close": 61.953967, "volume": 156940, "typical_volume": 110424.2, "trend": 51.277167, "fair_value": 40.894357, "relative_strength": 10.513084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.034908, "energy": 88.187417, "activity_lines": [ 59.862808, 58.306066, 56.164142, 53.822797 ] }, { "date": "2025-09-19", "close": 64.937897, "volume": 119826, "typical_volume": 113662.35, "trend": 51.680347, "fair_value": 41.146828, "relative_strength": 13.970892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.332031, "energy": 94.867895, "activity_lines": [ 61.810865, 59.721919, 57.199848, 54.704135 ] }, { "date": "2025-09-26", "close": 63.770272, "volume": 146884, "typical_volume": 117420.75, "trend": 52.130431, "fair_value": 41.3931, "relative_strength": 11.879124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.109227, "energy": 89.89403, "activity_lines": [ 62.854096, 60.723704, 58.036627, 55.48413 ] }, { "date": "2025-10-03", "close": 66.424872, "volume": 183989, "typical_volume": 121807.7, "trend": 52.752083, "fair_value": 41.653266, "relative_strength": 14.811577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.4732, "energy": 92.608741, "activity_lines": [ 64.369034, 62.055909, 59.047099, 56.406352 ] }, { "date": "2025-10-10", "close": 64.329135, "volume": 171036, "typical_volume": 127947.55, "trend": 53.340885, "fair_value": 41.913169, "relative_strength": 13.563257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.825229, "energy": 74.719746, "activity_lines": [ 64.699049, 62.824533, 59.785093, 57.153258 ] }, { "date": "2025-10-17", "close": 64.628526, "volume": 108398, "typical_volume": 130615.35, "trend": 53.928357, "fair_value": 42.163375, "relative_strength": 11.75531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.769807, "energy": 65.342898, "activity_lines": [ 64.814148, 63.465597, 60.484177, 57.881493 ] }, { "date": "2025-10-24", "close": 66.82406, "volume": 110579, "typical_volume": 130630.6, "trend": 54.664686, "fair_value": 42.421568, "relative_strength": 12.922717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.997331, "energy": 68.278771, "activity_lines": [ 65.482788, 64.350711, 61.322995, 58.713474 ] }, { "date": "2025-10-31", "close": 68.390873, "volume": 117841, "typical_volume": 132960.0, "trend": 55.632051, "fair_value": 42.702533, "relative_strength": 14.28251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.766287, "energy": 69.256548, "activity_lines": [ 66.547955, 65.345784, 62.240415, 59.599035 ] }, { "date": "2025-11-07", "close": 65.736273, "volume": 213389, "typical_volume": 140632.15, "trend": 56.416868, "fair_value": 42.944984, "relative_strength": 11.284948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.87331, "energy": 59.64318, "activity_lines": [ 66.420215, 65.66151, 62.824181, 60.25092 ] }, { "date": "2025-11-14", "close": 63.620577, "volume": 139526, "typical_volume": 141988.65, "trend": 57.156716, "fair_value": 43.179097, "relative_strength": 7.243466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.87246, "energy": 49.90336, "activity_lines": [ 65.633149, 65.472446, 63.139208, 60.715675 ] }, { "date": "2025-11-21", "close": 60.347236, "volume": 167516, "typical_volume": 145958.45, "trend": 57.675641, "fair_value": 43.391577, "relative_strength": 3.569383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.41722, "energy": 27.585902, "activity_lines": [ 63.802208, 64.615281, 63.098911, 60.921515 ] }, { "date": "2025-11-28", "close": 64.526234, "volume": 54880, "typical_volume": 143534.8, "trend": 58.276003, "fair_value": 43.623333, "relative_strength": 6.56632, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.184706, "energy": 21.619916, "activity_lines": [ 63.649684, 64.547146, 63.432282, 61.363489 ] }, { "date": "2025-12-05", "close": 65.716313, "volume": 66796, "typical_volume": 140084.1, "trend": 58.894744, "fair_value": 43.867732, "relative_strength": 7.960639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.316345, "energy": 22.992476, "activity_lines": [ 64.047042, 64.702875, 63.828109, 61.843509 ] }, { "date": "2025-12-12", "close": 64.288618, "volume": 68532, "typical_volume": 136037.0, "trend": 59.333731, "fair_value": 44.105464, "relative_strength": 6.014418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.867628, "energy": 17.393186, "activity_lines": [ 64.146806, 64.56364, 64.038827, 62.191501 ] }, { "date": "2025-12-19", "close": 64.249298, "volume": 81467, "typical_volume": 132351.25, "trend": 59.803026, "fair_value": 44.349828, "relative_strength": 5.606576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.979426, "energy": 23.285928, "activity_lines": [ 64.329974, 64.456097, 64.208165, 62.508634 ] }, { "date": "2025-12-26", "close": 64.768242, "volume": 51272, "typical_volume": 124471.0, "trend": 60.293239, "fair_value": 44.596763, "relative_strength": 4.753322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.408198, "energy": 28.04462, "activity_lines": [ 64.644208, 64.444359, 64.379642, 62.828971 ] }, { "date": "2026-01-02", "close": 64.39, "volume": 91240, "typical_volume": 124041.75, "trend": 60.706431, "fair_value": 44.840332, "relative_strength": 5.034241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.557723, "energy": 21.081187, "activity_lines": [ 64.537627, 64.36131, 64.473799, 63.093278 ] }, { "date": "2026-01-09", "close": 65.38, "volume": 101045, "typical_volume": 121993.85, "trend": 61.171911, "fair_value": 45.078947, "relative_strength": 4.779462, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.901072, "energy": 24.133713, "activity_lines": [ 64.770129, 64.502516, 64.628021, 63.394799 ] }, { "date": "2026-01-16", "close": 65.47, "volume": 86802, "typical_volume": 115843.8, "trend": 61.633744, "fair_value": 45.315247, "relative_strength": 5.091261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.05083, "energy": 24.636547, "activity_lines": [ 65.055052, 64.714829, 64.753637, 63.672095 ] }, { "date": "2026-01-23", "close": 65.82, "volume": 77410, "typical_volume": 115768.4, "trend": 62.012105, "fair_value": 45.542374, "relative_strength": 5.838351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.507787, "energy": 29.412156, "activity_lines": [ 65.377883, 64.995619, 64.882395, 63.942176 ] }, { "date": "2026-01-30", "close": 64.3642, "volume": 75374, "typical_volume": 111690.1, "trend": 62.316324, "fair_value": 45.751403, "relative_strength": 2.998723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.367543, "energy": 25.316, "activity_lines": [ 65.110733, 64.971729, 64.842927, 64.093924 ] }, { "date": "2026-02-06", "close": 62.07, "volume": 124173, "typical_volume": 111907.45, "trend": 62.590641, "fair_value": 45.950653, "relative_strength": -0.466948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.439325, "energy": 3.791027, "activity_lines": [ 64.105787, 64.457677, 64.573486, 64.078032 ] }, { "date": "2026-02-13", "close": 63.26, "volume": 67454, "typical_volume": 107935.95, "trend": 62.852731, "fair_value": 46.155932, "relative_strength": 2.728374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.013962, "energy": 10.899359, "activity_lines": [ 63.652173, 64.204646, 64.431035, 64.121216 ] }, { "date": "2026-02-20", "close": 63.6, "volume": 36280, "typical_volume": 100550.5, "trend": 63.093221, "fair_value": 46.368862, "relative_strength": 2.061783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.964983, "energy": 14.774468, "activity_lines": [ 63.453227, 64.058094, 64.323394, 64.169427 ] }, { "date": "2026-02-27", "close": 62.65, "volume": 62209, "typical_volume": 95109.15, "trend": 63.370905, "fair_value": 46.566904, "relative_strength": 0.91825, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.832182, "energy": 25.546259, "activity_lines": [ 63.06228, 63.751335, 64.13873, 64.140832 ] }, { "date": "2026-03-06", "close": 60.24, "volume": 83437, "typical_volume": 93861.1, "trend": 63.509042, "fair_value": 46.764878, "relative_strength": -1.11874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.425021, "energy": 47.221625, "activity_lines": [ 62.079333, 63.035473, 63.732537, 63.938838 ] }, { "date": "2026-03-13", "close": 60.0, "volume": 92633, "typical_volume": 92963.8, "trend": 63.602254, "fair_value": 46.953913, "relative_strength": -0.15442, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.610185, "energy": 52.556856, "activity_lines": [ 61.291333, 62.358305, 63.324385, 63.712449 ] }, { "date": "2026-03-20", "close": 59.6968, "volume": 86103, "typical_volume": 91376.9, "trend": 63.673051, "fair_value": 47.139197, "relative_strength": 0.996918, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.868321, "energy": 67.458163, "activity_lines": [ 60.540267, 61.705829, 62.919852, 63.460484 ] }, { "date": "2026-03-27", "close": 57.02, "volume": 69429, "typical_volume": 84178.9, "trend": 63.602728, "fair_value": 47.296895, "relative_strength": -1.505381, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.591666, "energy": 75.36495, "activity_lines": [ 59.13448, 60.669993, 62.301787, 63.031255 ] }, { "date": "2026-04-03", "close": 60.255, "volume": 74560, "typical_volume": 80930.6, "trend": 63.62428, "fair_value": 47.4818, "relative_strength": 0.356261, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.7252, "energy": 59.556491, "activity_lines": [ 59.245693, 60.375975, 62.033322, 62.815272 ] }, { "date": "2026-04-10", "close": 61.4343, "volume": 68774, "typical_volume": 75993.5, "trend": 63.606958, "fair_value": 47.673781, "relative_strength": -1.455194, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.856763, "energy": 37.755998, "activity_lines": [ 59.909673, 60.397556, 61.893199, 62.673983 ] }, { "date": "2026-04-17", "close": 69.1501, "volume": 100336, "typical_volume": 78266.3, "trend": 63.747364, "fair_value": 47.917585, "relative_strength": 5.73535, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.150078, "energy": 7.458314, "activity_lines": [ 63.065967, 61.875282, 62.482737, 63.031605 ] }, { "date": "2026-04-24", "close": 72.2695, "volume": 80868, "typical_volume": 78969.9, "trend": 64.030672, "fair_value": 48.186486, "relative_strength": 9.483248, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 39.792046, "energy": 39.01474, "activity_lines": [ 66.652053, 63.791442, 63.347342, 63.581421 ] }, { "date": "2026-05-01", "close": 73.55, "volume": 88549, "typical_volume": 79970.75, "trend": 64.268176, "fair_value": 48.463036, "relative_strength": 9.950072, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.127082, "energy": 64.206904, "activity_lines": [ 69.826793, 65.776611, 64.302694, 64.195571 ] }, { "date": "2026-05-08", "close": 79.04, "volume": 114192, "typical_volume": 81607.0, "trend": 64.758538, "fair_value": 48.772737, "relative_strength": 14.899767, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.380291, "energy": 93.483461, "activity_lines": [ 73.729533, 68.579053, 65.736802, 65.148592 ] }, { "date": "2026-05-15", "close": 78.7837, "volume": 124259, "typical_volume": 85256.35, "trend": 65.230377, "fair_value": 49.070966, "relative_strength": 13.827748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.105955, "energy": 92.680537, "activity_lines": [ 76.294507, 71.036895, 67.076068, 66.053441 ] }, { "date": "2026-05-22", "close": 84.7174, "volume": 151223, "typical_volume": 88255.5, "trend": 65.826822, "fair_value": 49.399591, "relative_strength": 20.694525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.472936, "energy": 95.940491, "activity_lines": [ 79.680753, 74.236433, 68.913708, 67.310668 ] }, { "date": "2026-05-29", "close": 89.37, "volume": 181946, "typical_volume": 92300.55, "trend": 66.526126, "fair_value": 49.748956, "relative_strength": 24.677667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.126098, "energy": 96.753866, "activity_lines": [ 83.580047, 77.832491, 71.097655, 68.829583 ] }, { "date": "2026-06-05", "close": 84.27, "volume": 301529, "typical_volume": 103036.9, "trend": 67.143917, "fair_value": 50.064812, "relative_strength": 19.935623, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.067731, "energy": 86.124903, "activity_lines": [ 84.639307, 79.961764, 72.68165, 69.974349 ] }, { "date": "2026-06-12", "close": 86.1486, "volume": 138961, "typical_volume": 106114.45, "trend": 67.894851, "fair_value": 50.382076, "relative_strength": 21.204746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.149727, "energy": 75.683995, "activity_lines": [ 85.6101, 81.937145, 74.355036, 71.200457 ] }, { "date": "2026-06-19", "close": 89.48, "volume": 121914, "typical_volume": 108441.45, "trend": 68.865944, "fair_value": 50.731046, "relative_strength": 23.93829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.003677, "energy": 70.041679, "activity_lines": [ 87.217453, 84.047444, 76.248895, 72.593048 ] }, { "date": "2026-06-26", "close": 85.34, "volume": 148625, "typical_volume": 109664.05, "trend": 69.559736, "fair_value": 51.047833, "relative_strength": 20.423267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.813771, "energy": 63.028568, "activity_lines": [ 86.73172, 84.895093, 77.62887, 73.65589 ] }, { "date": "2026-07-03", "close": 88.18, "volume": 113236, "typical_volume": 111953.15, "trend": 70.308525, "fair_value": 51.38765, "relative_strength": 21.095908, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.407715, "energy": 61.70527, "activity_lines": [ 87.151147, 85.964744, 79.16851, 74.857197 ] }, { "date": "2026-07-10", "close": 89.3164, "volume": 91851, "typical_volume": 114731.7, "trend": 71.142785, "fair_value": 51.723109, "relative_strength": 20.270422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.930942, "energy": 60.440829, "activity_lines": [ 88.028707, 86.951731, 80.697713, 76.083512 ] }, { "date": "2026-07-17", "close": 83.71, "volume": 84331, "typical_volume": 115837.8, "trend": 71.791475, "fair_value": 52.022694, "relative_strength": 13.968505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.755709, "energy": 49.383321, "activity_lines": [ 86.70104, 86.632711, 81.570514, 76.8943 ] }, { "date": "2026-07-24", "close": 81.8905, "volume": 116607, "typical_volume": 117496.3, "trend": 72.362217, "fair_value": 52.308504, "relative_strength": 11.685297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.186117, "energy": 38.239431, "activity_lines": [ 84.929447, 85.897964, 82.169744, 77.54585 ] }, { "date": "2026-07-31", "close": 84.54, "volume": 102588, "typical_volume": 117994.05, "trend": 73.033883, "fair_value": 52.620255, "relative_strength": 13.502356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.519918, "energy": 30.666714, "activity_lines": [ 84.546987, 85.588456, 82.918209, 78.331513 ] }, { "date": "2026-08-07", "close": 90.54, "volume": 214793, "typical_volume": 124428.55, "trend": 73.87255, "fair_value": 52.977567, "relative_strength": 16.801933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.04182, "energy": 36.050742, "activity_lines": [ 86.21786, 86.373084, 84.121246, 79.46094 ] } ], "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." } } }