{ "ticker": { "uuid": "950ae5ed-2f2e-44bf-9cdc-3c5e62591803", "symbol": "INMU", "name": "ISHARES INTERMEDIATE MUNI INCOME ACTIVE 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 83.398, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -55.956, "architecture_energy": 47.002, "architecture_maturity": 2.204, "architecture_confidence": 68.948, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 33.87, "rotation_up": 10.9, "upward_expansion": 7.2, "deceleration": 45.6, "rotation_down": 68.54, "downward_expansion": 75.87 }, "activity_lines": [ 23.835068, 23.931284, 23.956849, 23.964137 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 23.92, "trend_reference": 23.981208, "distance_from_trend": -0.002552, "trend_direction": "Improving", "fair_value": 22.648488, "distance_from_fair_value": 0.056141, "fair_value_direction": "Weakening", "relative_strength": -10.361499, "relative_strength_direction": "Weakening", "price_momentum": -0.005746, "excess_performance": -0.131371, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002552, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.004261, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.056141, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.014341, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.103615, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01316, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.005746, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.782708, "read": "Supply-led" } ], "volume": { "latest": 1310106, "relative_activity": 1.314941, "balance": 0.782708, "dry_up": 1.116223, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.006547, "annualized_volatility": 0.037623, "from_high_reference": -0.016061, "from_low_reference": 0.049697 }, "levels": { "trend_reference": 23.981208, "fair_value_reference": 22.648488, "structural_low": 23.614117, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.016464, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.022396, "regime_survival": 0.666667, "best_return": 0.037339, "worst_return": -0.013043, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.041878, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.039071, "regime_survival": 0.0, "best_return": 0.065955, "worst_return": 0.017802, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.052458, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.106118, "regime_survival": 0.0, "best_return": 0.071506, "worst_return": 0.033409, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.063624, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.208048, "regime_survival": 0.0, "best_return": 0.105303, "worst_return": 0.021944, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-10-25", "tenure": "Established", "return": 0.016022, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-12-06", "tenure": "Developing", "return": 0.01778, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-03", "tenure": "New", "return": -0.003373, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.017394, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.004939, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.00716, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.007505, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-11", "tenure": "Developing", "return": 0.011186, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": 0.008149, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-03-20", "tenure": "Extended", "return": 0.041225, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-06-19", "tenure": "Established", "return": 0.019439, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": -0.008836, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-07-31", "tenure": "New", "return": 0.000421, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 20.976907, "volume": 13498, "typical_volume": 10656.25, "trend": 21.047939, "fair_value": 21.352563, "relative_strength": -7.158571, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.435496, "energy": 15.133419, "activity_lines": [ 21.068964, 21.116239, 21.095657, 21.07995 ] }, { "date": "2023-08-25", "close": 20.932505, "volume": 50779, "typical_volume": 12507.35, "trend": 21.044315, "fair_value": 21.349281, "relative_strength": -7.92538, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.575675, "energy": 32.581764, "activity_lines": [ 21.005559, 21.080172, 21.07963, 21.072502 ] }, { "date": "2023-09-01", "close": 20.978394, "volume": 16661, "typical_volume": 12843.8, "trend": 21.040676, "fair_value": 21.346406, "relative_strength": -9.768381, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.839799, "energy": 37.074287, "activity_lines": [ 20.980562, 21.055226, 21.069682, 21.06825 ] }, { "date": "2023-09-08", "close": 20.928754, "volume": 2836, "typical_volume": 11969.3, "trend": 21.038354, "fair_value": 21.343193, "relative_strength": -8.671102, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.584508, "energy": 58.976335, "activity_lines": [ 20.956963, 21.024129, 21.05633, 21.061029 ] }, { "date": "2023-09-15", "close": 20.928754, "volume": 6406, "typical_volume": 12130.2, "trend": 21.04123, "fair_value": 21.34003, "relative_strength": -8.311791, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.270125, "energy": 61.032807, "activity_lines": [ 20.942392, 20.996971, 21.04364, 21.053958 ] }, { "date": "2023-09-22", "close": 20.79238, "volume": 41946, "typical_volume": 13950.8, "trend": 21.043275, "fair_value": 21.335881, "relative_strength": -5.89204, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.175678, "energy": 78.816479, "activity_lines": [ 20.890165, 20.948925, 21.01886, 21.037903 ] }, { "date": "2023-09-29", "close": 20.519634, "volume": 46882, "typical_volume": 16196.25, "trend": 21.036537, "fair_value": 21.329744, "relative_strength": -6.168505, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.428969, "energy": 92.642498, "activity_lines": [ 20.759324, 20.858415, 20.969746, 21.00412 ] }, { "date": "2023-10-06", "close": 20.428304, "volume": 4371, "typical_volume": 15302.95, "trend": 21.022584, "fair_value": 21.323017, "relative_strength": -6.717472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.496327, "energy": 96.991839, "activity_lines": [ 20.625564, 20.765109, 20.914894, 20.964879 ] }, { "date": "2023-10-13", "close": 20.583066, "volume": 46489, "typical_volume": 17316.95, "trend": 21.007533, "fair_value": 21.317536, "relative_strength": -6.096645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.764871, "energy": 87.325921, "activity_lines": [ 20.580064, 20.714838, 20.877152, 20.936523 ] }, { "date": "2023-10-20", "close": 20.423744, "volume": 54362, "typical_volume": 19247.7, "trend": 20.987469, "fair_value": 21.310964, "relative_strength": -4.324933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.057583, "energy": 91.895853, "activity_lines": [ 20.504503, 20.644347, 20.825439, 20.898859 ] }, { "date": "2023-10-27", "close": 20.428304, "volume": 31316, "typical_volume": 20690.05, "trend": 20.965323, "fair_value": 21.304521, "relative_strength": -1.764335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.369389, "energy": 86.714702, "activity_lines": [ 20.464129, 20.585994, 20.776482, 20.862784 ] }, { "date": "2023-11-03", "close": 20.655926, "volume": 108398, "typical_volume": 23495.9, "trend": 20.94414, "fair_value": 21.299821, "relative_strength": -5.910973, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.957933, "energy": 58.29152, "activity_lines": [ 20.523901, 20.579002, 20.752034, 20.842823 ] }, { "date": "2023-11-10", "close": 20.770274, "volume": 44947, "typical_volume": 25403.75, "trend": 20.927943, "fair_value": 21.296011, "relative_strength": -6.493406, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.150535, "energy": 41.360005, "activity_lines": [ 20.612703, 20.597829, 20.740521, 20.831606 ] }, { "date": "2023-11-17", "close": 20.989824, "volume": 14012, "typical_volume": 25822.8, "trend": 20.925337, "fair_value": 21.293824, "relative_strength": -7.429779, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.866745, "energy": 19.046345, "activity_lines": [ 20.75189, 20.660358, 20.751661, 20.835598 ] }, { "date": "2023-11-24", "close": 21.191077, "volume": 8683, "typical_volume": 26185.1, "trend": 20.927796, "fair_value": 21.293095, "relative_strength": -7.277721, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.479005, "energy": 36.128908, "activity_lines": [ 20.931044, 20.758368, 20.782709, 20.852743 ] }, { "date": "2023-12-01", "close": 21.506966, "volume": 29358, "typical_volume": 27477.95, "trend": 20.940128, "fair_value": 21.294601, "relative_strength": -6.497468, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.619471, "energy": 54.202009, "activity_lines": [ 21.164339, 20.909043, 20.843616, 20.890108 ] }, { "date": "2023-12-08", "close": 21.644595, "volume": 13033, "typical_volume": 27282.0, "trend": 20.956898, "fair_value": 21.297049, "relative_strength": -5.89171, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.220499, "energy": 80.069262, "activity_lines": [ 21.371599, 21.071749, 20.916094, 20.935558 ] }, { "date": "2023-12-15", "close": 21.799394, "volume": 16941, "typical_volume": 27787.65, "trend": 20.986016, "fair_value": 21.300537, "relative_strength": -7.135431, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.633788, "energy": 95.557975, "activity_lines": [ 21.564548, 21.242146, 21.001575, 20.989912 ] }, { "date": "2023-12-22", "close": 21.827, "volume": 28090, "typical_volume": 29045.05, "trend": 21.019054, "fair_value": 21.304168, "relative_strength": -7.55216, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.839507, "energy": 93.702081, "activity_lines": [ 21.698091, 21.392634, 21.087057, 21.044169 ] }, { "date": "2023-12-29", "close": 21.87301, "volume": 7345, "typical_volume": 29317.65, "trend": 21.051115, "fair_value": 21.308064, "relative_strength": -7.3767, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.946413, "energy": 92.320633, "activity_lines": [ 21.791159, 21.52887, 21.173289, 21.099263 ] }, { "date": "2024-01-05", "close": 21.908069, "volume": 14623, "typical_volume": 29373.9, "trend": 21.080623, "fair_value": 21.312146, "relative_strength": -5.486266, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.26472, "energy": 91.000578, "activity_lines": [ 21.850451, 21.645131, 21.25892, 21.154551 ] }, { "date": "2024-01-12", "close": 21.909817, "volume": 70813, "typical_volume": 30375.6, "trend": 21.108108, "fair_value": 21.316184, "relative_strength": -6.941996, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.871199, "energy": 89.089876, "activity_lines": [ 21.883586, 21.734804, 21.340284, 21.208047 ] }, { "date": "2024-01-19", "close": 21.72127, "volume": 4952, "typical_volume": 29790.15, "trend": 21.127602, "fair_value": 21.318903, "relative_strength": -8.524428, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.659476, "energy": 69.710427, "activity_lines": [ 21.83619, 21.767398, 21.399037, 21.247606 ] }, { "date": "2024-01-26", "close": 21.78099, "volume": 16172, "typical_volume": 30456.95, "trend": 21.148787, "fair_value": 21.321984, "relative_strength": -8.926407, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.253785, "energy": 63.691325, "activity_lines": [ 21.813909, 21.79356, 21.45994, 21.28976 ] }, { "date": "2024-02-02", "close": 21.92866, "volume": 46559, "typical_volume": 32464.6, "trend": 21.174954, "fair_value": 21.326001, "relative_strength": -9.327354, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.205065, "energy": 66.818806, "activity_lines": [ 21.843918, 21.832185, 21.530848, 21.340074 ] }, { "date": "2024-02-09", "close": 21.841001, "volume": 8807, "typical_volume": 30807.65, "trend": 21.196844, "fair_value": 21.32939, "relative_strength": -10.619408, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.295388, "energy": 56.193658, "activity_lines": [ 21.840998, 21.841462, 21.588647, 21.383045 ] }, { "date": "2024-02-16", "close": 21.831682, "volume": 33433, "typical_volume": 30135.2, "trend": 21.21526, "fair_value": 21.332673, "relative_strength": -10.062443, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.06129, "energy": 56.185908, "activity_lines": [ 21.839443, 21.842972, 21.640565, 21.424002 ] }, { "date": "2024-02-23", "close": 21.841001, "volume": 48991, "typical_volume": 32366.2, "trend": 21.235042, "fair_value": 21.335973, "relative_strength": -11.146703, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.675454, "energy": 59.006035, "activity_lines": [ 21.846203, 21.842774, 21.687122, 21.464373 ] }, { "date": "2024-03-01", "close": 21.90363, "volume": 5612, "typical_volume": 30322.35, "trend": 21.263024, "fair_value": 21.339636, "relative_strength": -11.431908, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.121034, "energy": 61.137537, "activity_lines": [ 21.865857, 21.853207, 21.732917, 21.507507 ] }, { "date": "2024-03-08", "close": 21.97766, "volume": 9347, "typical_volume": 28071.6, "trend": 21.294086, "fair_value": 21.343726, "relative_strength": -10.511698, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.105493, "energy": 65.295002, "activity_lines": [ 21.902013, 21.875706, 21.779474, 21.553613 ] }, { "date": "2024-03-15", "close": 22.005422, "volume": 7507, "typical_volume": 26881.15, "trend": 21.32837, "fair_value": 21.346143, "relative_strength": -9.931072, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.790968, "energy": 74.443905, "activity_lines": [ 21.944155, 21.90135, 21.821275, 21.599506 ] }, { "date": "2024-03-22", "close": 22.023929, "volume": 7754, "typical_volume": 21848.95, "trend": 21.364751, "fair_value": 21.348092, "relative_strength": -11.409453, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.479082, "energy": 78.871043, "activity_lines": [ 21.981505, 21.92859, 21.857329, 21.64438 ] }, { "date": "2024-03-29", "close": 21.986914, "volume": 1497, "typical_volume": 19676.45, "trend": 21.398368, "fair_value": 21.349512, "relative_strength": -11.507544, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.485441, "energy": 68.639698, "activity_lines": [ 21.9937, 21.947024, 21.883343, 21.68452 ] }, { "date": "2024-04-05", "close": 21.899452, "volume": 7491, "typical_volume": 19350.4, "trend": 21.430725, "fair_value": 21.349874, "relative_strength": -10.689259, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.675029, "energy": 60.349708, "activity_lines": [ 21.967014, 21.944726, 21.895234, 21.716848 ] }, { "date": "2024-04-12", "close": 21.851922, "volume": 14033, "typical_volume": 19617.9, "trend": 21.461497, "fair_value": 21.349348, "relative_strength": -9.209712, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.922859, "energy": 44.395029, "activity_lines": [ 21.924763, 21.931633, 21.898267, 21.744022 ] }, { "date": "2024-04-19", "close": 21.837718, "volume": 53261, "typical_volume": 20813.05, "trend": 21.496342, "fair_value": 21.348485, "relative_strength": -6.096577, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.914423, "energy": 30.115159, "activity_lines": [ 21.886159, 21.917353, 21.896801, 21.768294 ] }, { "date": "2024-04-26", "close": 21.778769, "volume": 36017, "typical_volume": 21962.25, "trend": 21.538313, "fair_value": 21.347355, "relative_strength": -8.439098, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.559242, "energy": 23.366745, "activity_lines": [ 21.839087, 21.892414, 21.888145, 21.786515 ] }, { "date": "2024-05-03", "close": 21.88201, "volume": 24533, "typical_volume": 22341.85, "trend": 21.58677, "fair_value": 21.346785, "relative_strength": -8.2042, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.23537, "energy": 17.492366, "activity_lines": [ 21.842772, 21.887208, 21.888682, 21.808689 ] }, { "date": "2024-05-10", "close": 21.993747, "volume": 18374, "typical_volume": 21856.05, "trend": 21.633793, "fair_value": 21.346987, "relative_strength": -9.056346, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.499634, "energy": 23.587818, "activity_lines": [ 21.890696, 21.901572, 21.899468, 21.834946 ] }, { "date": "2024-05-17", "close": 22.030993, "volume": 14936, "typical_volume": 22235.6, "trend": 21.687368, "fair_value": 21.347261, "relative_strength": -10.044566, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.366652, "energy": 39.919678, "activity_lines": [ 21.944749, 21.92107, 21.913007, 21.860572 ] }, { "date": "2024-05-24", "close": 21.814687, "volume": 1517, "typical_volume": 21580.3, "trend": 21.73358, "fair_value": 21.345817, "relative_strength": -10.586854, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.773486, "energy": 22.724875, "activity_lines": [ 21.914762, 21.90027, 21.905193, 21.868786 ] }, { "date": "2024-05-31", "close": 21.83061, "volume": 38133, "typical_volume": 19946.3, "trend": 21.772736, "fair_value": 21.344133, "relative_strength": -9.862538, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.98784, "energy": 16.436836, "activity_lines": [ 21.891619, 21.885833, 21.89934, 21.875046 ] }, { "date": "2024-06-07", "close": 21.921137, "volume": 12716, "typical_volume": 20334.5, "trend": 21.811099, "fair_value": 21.34253, "relative_strength": -10.29249, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.10935, "energy": 15.562342, "activity_lines": [ 21.895195, 21.89137, 21.902486, 21.88462 ] }, { "date": "2024-06-14", "close": 22.089187, "volume": 30970, "typical_volume": 21074.4, "trend": 21.847744, "fair_value": 21.342282, "relative_strength": -10.7728, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.889712, "energy": 29.016489, "activity_lines": [ 21.952179, 21.928658, 21.920685, 21.902561 ] }, { "date": "2024-06-21", "close": 22.068554, "volume": 23205, "typical_volume": 19906.7, "trend": 21.876993, "fair_value": 21.342233, "relative_strength": -11.091179, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.600835, "energy": 44.432817, "activity_lines": [ 21.995922, 21.958745, 21.935452, 21.916807 ] }, { "date": "2024-06-28", "close": 21.977154, "volume": 10392, "typical_volume": 19985.95, "trend": 21.892666, "fair_value": 21.341054, "relative_strength": -11.112604, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.926251, "energy": 48.738593, "activity_lines": [ 22.006695, 21.968274, 21.940847, 21.923269 ] }, { "date": "2024-07-05", "close": 22.083751, "volume": 10778, "typical_volume": 18853.2, "trend": 21.907305, "fair_value": 21.340197, "relative_strength": -12.021559, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.957405, "energy": 60.454239, "activity_lines": [ 22.04217, 21.99465, 21.955747, 21.935597 ] }, { "date": "2024-07-12", "close": 22.212245, "volume": 50180, "typical_volume": 18912.65, "trend": 21.921066, "fair_value": 21.339804, "relative_strength": -12.050513, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.229802, "energy": 69.124989, "activity_lines": [ 22.103599, 22.038843, 21.981683, 21.955271 ] }, { "date": "2024-07-19", "close": 22.25233, "volume": 34386, "typical_volume": 20351.35, "trend": 21.935244, "fair_value": 21.339612, "relative_strength": -9.850093, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.277181, "energy": 72.722428, "activity_lines": [ 22.158983, 22.08432, 22.009669, 21.976643 ] }, { "date": "2024-07-26", "close": 22.271716, "volume": 17224, "typical_volume": 20745.2, "trend": 21.948534, "fair_value": 21.339351, "relative_strength": -8.773704, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.173824, "energy": 79.514995, "activity_lines": [ 22.209953, 22.12862, 22.037841, 21.99835 ] }, { "date": "2024-08-02", "close": 22.55122, "volume": 24201, "typical_volume": 21579.9, "trend": 21.969973, "fair_value": 21.340999, "relative_strength": -5.405875, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.600776, "energy": 92.948734, "activity_lines": [ 22.340546, 22.219362, 22.091233, 22.037233 ] }, { "date": "2024-08-09", "close": 22.429119, "volume": 30085, "typical_volume": 22696.45, "trend": 21.987283, "fair_value": 21.341864, "relative_strength": -5.698515, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.066219, "energy": 83.809433, "activity_lines": [ 22.392169, 22.274513, 22.130396, 22.066856 ] }, { "date": "2024-08-16", "close": 22.447903, "volume": 21395, "typical_volume": 23691.35, "trend": 22.011504, "fair_value": 21.342833, "relative_strength": -8.926381, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.67068, "energy": 81.312086, "activity_lines": [ 22.427028, 22.322197, 22.169419, 22.096573 ] }, { "date": "2024-08-23", "close": 22.55122, "volume": 56303, "typical_volume": 26131.95, "trend": 22.037178, "fair_value": 21.344508, "relative_strength": -9.461711, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.313257, "energy": 85.75528, "activity_lines": [ 22.480615, 22.379088, 22.216087, 22.131394 ] }, { "date": "2024-08-30", "close": 22.485473, "volume": 82237, "typical_volume": 29542.15, "trend": 22.055739, "fair_value": 21.345796, "relative_strength": -9.689382, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.820743, "energy": 60.7698, "activity_lines": [ 22.492361, 22.415625, 22.253389, 22.160316 ] }, { "date": "2024-09-06", "close": 22.609512, "volume": 9634, "typical_volume": 27360.8, "trend": 22.081356, "fair_value": 21.347852, "relative_strength": -5.0326, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.210985, "energy": 72.158959, "activity_lines": [ 22.531202, 22.467134, 22.299487, 22.196043 ] }, { "date": "2024-09-13", "close": 22.652547, "volume": 59848, "typical_volume": 28552.35, "trend": 22.108718, "fair_value": 21.350266, "relative_strength": -8.221096, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.341447, "energy": 80.839583, "activity_lines": [ 22.580503, 22.51497, 22.346009, 22.232894 ] }, { "date": "2024-09-20", "close": 22.595387, "volume": 95978, "typical_volume": 32124.6, "trend": 22.133864, "fair_value": 21.352509, "relative_strength": -9.371292, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.563846, "energy": 62.509145, "activity_lines": [ 22.595855, 22.542072, 22.382926, 22.264292 ] }, { "date": "2024-09-27", "close": 22.68042, "volume": 36877, "typical_volume": 33049.75, "trend": 22.159757, "fair_value": 21.35568, "relative_strength": -9.18598, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.686786, "energy": 72.515546, "activity_lines": [ 22.629719, 22.577667, 22.424545, 22.299554 ] }, { "date": "2024-10-04", "close": 22.605651, "volume": 186449, "typical_volume": 41625.4, "trend": 22.18069, "fair_value": 21.358705, "relative_strength": -9.374933, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.498041, "energy": 58.30969, "activity_lines": [ 22.630047, 22.591885, 22.455773, 22.328321 ] }, { "date": "2024-10-11", "close": 22.572791, "volume": 21778, "typical_volume": 42638.45, "trend": 22.199602, "fair_value": 21.361437, "relative_strength": -10.164086, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.451021, "energy": 52.051401, "activity_lines": [ 22.611409, 22.594057, 22.481135, 22.353618 ] }, { "date": "2024-10-18", "close": 22.596208, "volume": 35928, "typical_volume": 42528.2, "trend": 22.218678, "fair_value": 21.364569, "relative_strength": -10.424582, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.257069, "energy": 46.167903, "activity_lines": [ 22.603026, 22.600095, 22.505117, 22.379206 ] }, { "date": "2024-10-25", "close": 22.437572, "volume": 93770, "typical_volume": 46580.9, "trend": 22.2337, "fair_value": 21.366572, "relative_strength": -9.731535, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.883132, "energy": 27.626718, "activity_lines": [ 22.545519, 22.574251, 22.510345, 22.393328 ] }, { "date": "2024-11-01", "close": 22.396522, "volume": 28681, "typical_volume": 46466.45, "trend": 22.250269, "fair_value": 21.367925, "relative_strength": -8.266883, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.468391, "energy": 21.844442, "activity_lines": [ 22.48485, 22.541132, 22.509205, 22.403832 ] }, { "date": "2024-11-08", "close": 22.434394, "volume": 52525, "typical_volume": 47932.45, "trend": 22.269685, "fair_value": 21.369549, "relative_strength": -11.875002, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.144081, "energy": 22.524711, "activity_lines": [ 22.455732, 22.517711, 22.510207, 22.415711 ] }, { "date": "2024-11-15", "close": 22.448596, "volume": 12642, "typical_volume": 48044.95, "trend": 22.290048, "fair_value": 21.371375, "relative_strength": -9.584089, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.6468, "energy": 20.261595, "activity_lines": [ 22.442765, 22.497801, 22.510821, 22.427254 ] }, { "date": "2024-11-22", "close": 22.505404, "volume": 16464, "typical_volume": 48329.25, "trend": 22.314269, "fair_value": 21.373315, "relative_strength": -10.459737, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.007543, "energy": 15.919119, "activity_lines": [ 22.457013, 22.491146, 22.514599, 22.441148 ] }, { "date": "2024-11-29", "close": 22.704232, "volume": 7340, "typical_volume": 46187.25, "trend": 22.341676, "fair_value": 21.376332, "relative_strength": -10.323617, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.563662, "energy": 31.669942, "activity_lines": [ 22.543592, 22.523316, 22.535306, 22.466307 ] }, { "date": "2024-12-06", "close": 22.794726, "volume": 37560, "typical_volume": 46345.95, "trend": 22.368375, "fair_value": 21.379985, "relative_strength": -10.328047, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.14983, "energy": 64.483695, "activity_lines": [ 22.642557, 22.569961, 22.562288, 22.495536 ] }, { "date": "2024-12-13", "close": 22.617687, "volume": 167198, "typical_volume": 53844.65, "trend": 22.387932, "fair_value": 21.382198, "relative_strength": -10.103582, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.751652, "energy": 55.475892, "activity_lines": [ 22.655963, 22.582339, 22.569827, 22.511621 ] }, { "date": "2024-12-20", "close": 22.641406, "volume": 260065, "typical_volume": 65637.85, "trend": 22.415489, "fair_value": 21.384423, "relative_strength": -7.971333, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.91761, "energy": 51.477017, "activity_lines": [ 22.665055, 22.59881, 22.577977, 22.527974 ] }, { "date": "2024-12-27", "close": 22.422327, "volume": 75261, "typical_volume": 67896.65, "trend": 22.435213, "fair_value": 21.385384, "relative_strength": -9.078111, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.43248, "energy": 20.889771, "activity_lines": [ 22.588267, 22.574202, 22.564833, 22.528415 ] }, { "date": "2025-01-03", "close": 22.541392, "volume": 109068, "typical_volume": 72280.3, "trend": 22.455888, "fair_value": 21.387779, "relative_strength": -7.722891, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.08984, "energy": 13.55042, "activity_lines": [ 22.556706, 22.574403, 22.563061, 22.535265 ] }, { "date": "2025-01-10", "close": 22.379463, "volume": 45362, "typical_volume": 71733.25, "trend": 22.465564, "fair_value": 21.389666, "relative_strength": -6.227553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.196738, "energy": 11.205092, "activity_lines": [ 22.482024, 22.543274, 22.545422, 22.530335 ] }, { "date": "2025-01-17", "close": 22.536629, "volume": 76905, "typical_volume": 71466.65, "trend": 22.481167, "fair_value": 21.39312, "relative_strength": -7.929879, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.850223, "energy": 14.504213, "activity_lines": [ 22.487416, 22.541032, 22.543569, 22.534919 ] }, { "date": "2025-01-24", "close": 22.531867, "volume": 68568, "typical_volume": 74413.35, "trend": 22.499657, "fair_value": 21.397689, "relative_strength": -9.172821, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.199238, "energy": 9.63353, "activity_lines": [ 22.496623, 22.536065, 22.541019, 22.53819 ] }, { "date": "2025-01-31", "close": 22.603306, "volume": 148756, "typical_volume": 78858.75, "trend": 22.516976, "fair_value": 21.402769, "relative_strength": -7.632955, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.637845, "energy": 10.035387, "activity_lines": [ 22.536947, 22.542573, 22.545642, 22.544877 ] }, { "date": "2025-02-07", "close": 22.716191, "volume": 286698, "typical_volume": 88394.75, "trend": 22.533774, "fair_value": 21.408907, "relative_strength": -6.730451, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.151014, "energy": 27.891056, "activity_lines": [ 22.602833, 22.567825, 22.561251, 22.55773 ] }, { "date": "2025-02-14", "close": 22.711415, "volume": 85487, "typical_volume": 90825.25, "trend": 22.549077, "fair_value": 21.415463, "relative_strength": -7.809018, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.550347, "energy": 37.25647, "activity_lines": [ 22.655475, 22.591991, 22.57583, 22.569191 ] }, { "date": "2025-02-21", "close": 22.768731, "volume": 69747, "typical_volume": 84990.15, "trend": 22.565644, "fair_value": 21.42219, "relative_strength": -5.821487, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.224151, "energy": 51.00968, "activity_lines": [ 22.705091, 22.628094, 22.595719, 22.583362 ] }, { "date": "2025-02-28", "close": 22.892915, "volume": 157776, "typical_volume": 91790.05, "trend": 22.577034, "fair_value": 21.429834, "relative_strength": -4.173643, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.488394, "energy": 66.107726, "activity_lines": [ 22.780629, 22.684029, 22.62666, 22.604476 ] }, { "date": "2025-03-07", "close": 22.817315, "volume": 169376, "typical_volume": 98462.45, "trend": 22.589973, "fair_value": 21.438142, "relative_strength": -1.278662, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.210115, "energy": 61.168658, "activity_lines": [ 22.806897, 22.721645, 22.648875, 22.619978 ] }, { "date": "2025-03-14", "close": 22.716904, "volume": 82524, "typical_volume": 97900.15, "trend": 22.59894, "fair_value": 21.446202, "relative_strength": 0.731602, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.556208, "energy": 52.606278, "activity_lines": [ 22.785427, 22.733824, 22.660475, 22.628167 ] }, { "date": "2025-03-21", "close": 22.688161, "volume": 160240, "typical_volume": 104478.1, "trend": 22.603505, "fair_value": 21.455838, "relative_strength": 0.217429, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.21228, "energy": 37.893855, "activity_lines": [ 22.754328, 22.737585, 22.668008, 22.633924 ] }, { "date": "2025-03-28", "close": 22.637381, "volume": 123669, "typical_volume": 108035.3, "trend": 22.608568, "fair_value": 21.465279, "relative_strength": 1.579314, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.776919, "energy": 19.32838, "activity_lines": [ 22.707854, 22.726501, 22.669315, 22.636109 ] }, { "date": "2025-04-04", "close": 22.779858, "volume": 192198, "typical_volume": 117013.1, "trend": 22.614247, "fair_value": 21.476698, "relative_strength": 12.286432, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.377572, "energy": 19.055082, "activity_lines": [ 22.717628, 22.73949, 22.683225, 22.64716 ] }, { "date": "2025-04-11", "close": 22.147952, "volume": 715404, "typical_volume": 151960.1, "trend": 22.597427, "fair_value": 21.484684, "relative_strength": 3.402744, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.017032, "energy": 25.927782, "activity_lines": [ 22.524304, 22.633078, 22.635376, 22.617077 ] }, { "date": "2025-04-18", "close": 22.306529, "volume": 421780, "typical_volume": 172682.1, "trend": 22.587798, "fair_value": 21.494191, "relative_strength": 5.748761, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.425805, "energy": 30.559847, "activity_lines": [ 22.428463, 22.563777, 22.604332, 22.598309 ] }, { "date": "2025-04-25", "close": 22.344972, "volume": 392892, "typical_volume": 190448.7, "trend": 22.576617, "fair_value": 21.504533, "relative_strength": 1.406617, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.552711, "energy": 42.67601, "activity_lines": [ 22.372795, 22.508915, 22.578843, 22.582643 ] }, { "date": "2025-05-02", "close": 22.43509, "volume": 213594, "typical_volume": 192768.5, "trend": 22.570931, "fair_value": 21.516214, "relative_strength": -0.901407, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.083267, "energy": 42.975227, "activity_lines": [ 22.370046, 22.4771, 22.564078, 22.573512 ] }, { "date": "2025-05-09", "close": 22.450027, "volume": 405203, "typical_volume": 200025.4, "trend": 22.566839, "fair_value": 21.528917, "relative_strength": -0.266991, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.948863, "energy": 43.440638, "activity_lines": [ 22.385761, 22.454067, 22.551605, 22.565712 ] }, { "date": "2025-05-16", "close": 22.51267, "volume": 256683, "typical_volume": 209096.5, "trend": 22.564054, "fair_value": 21.541713, "relative_strength": -4.819398, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -48.963773, "energy": 26.096723, "activity_lines": [ 22.444347, 22.450476, 22.54601, 22.562217 ] }, { "date": "2025-05-23", "close": 22.454846, "volume": 191661, "typical_volume": 213226.15, "trend": 22.56463, "fair_value": 21.551836, "relative_strength": -2.450998, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.102683, "energy": 17.636902, "activity_lines": [ 22.459343, 22.441911, 22.534478, 22.555171 ] }, { "date": "2025-05-30", "close": 22.50814, "volume": 142316, "typical_volume": 218073.85, "trend": 22.568351, "fair_value": 21.561826, "relative_strength": -3.751166, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.75659, "energy": 15.5018, "activity_lines": [ 22.482216, 22.447801, 22.528433, 22.551527 ] }, { "date": "2025-06-06", "close": 22.476984, "volume": 131139, "typical_volume": 220785.55, "trend": 22.569771, "fair_value": 21.571982, "relative_strength": -5.262287, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.707992, "energy": 15.115353, "activity_lines": [ 22.483826, 22.451298, 22.518808, 22.545632 ] }, { "date": "2025-06-13", "close": 22.57366, "volume": 106189, "typical_volume": 222666.6, "trend": 22.573939, "fair_value": 21.584388, "relative_strength": -4.355777, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.914086, "energy": 12.656712, "activity_lines": [ 22.514868, 22.47529, 22.518674, 22.545883 ] }, { "date": "2025-06-20", "close": 22.641332, "volume": 373557, "typical_volume": 233906.65, "trend": 22.57847, "fair_value": 21.59689, "relative_strength": -3.7778, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.621573, "energy": 11.290329, "activity_lines": [ 22.560225, 22.515334, 22.524787, 22.550231 ] }, { "date": "2025-06-27", "close": 22.651, "volume": 241778, "typical_volume": 231660.65, "trend": 22.576696, "fair_value": 21.608871, "relative_strength": -6.783025, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.29279, "energy": 14.073824, "activity_lines": [ 22.600228, 22.548166, 22.531639, 22.55491 ] }, { "date": "2025-07-04", "close": 22.68663, "volume": 96547, "typical_volume": 232213.65, "trend": 22.573093, "fair_value": 21.620797, "relative_strength": -8.013098, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.196537, "energy": 22.413355, "activity_lines": [ 22.63903, 22.581213, 22.542194, 22.562003 ] }, { "date": "2025-07-11", "close": 22.70602, "volume": 202464, "typical_volume": 238849.5, "trend": 22.576037, "fair_value": 21.632088, "relative_strength": -7.511517, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.979843, "energy": 44.09053, "activity_lines": [ 22.672396, 22.611573, 22.554715, 22.570579 ] }, { "date": "2025-07-18", "close": 22.579983, "volume": 637764, "typical_volume": 262848.9, "trend": 22.57399, "fair_value": 21.641784, "relative_strength": -8.378911, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.748681, "energy": 39.270236, "activity_lines": [ 22.648481, 22.614092, 22.55553, 22.570833 ] }, { "date": "2025-07-25", "close": 22.623611, "volume": 241447, "typical_volume": 266452.45, "trend": 22.580699, "fair_value": 21.651168, "relative_strength": -9.311328, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.680472, "energy": 33.119612, "activity_lines": [ 22.638687, 22.62218, 22.561991, 22.574035 ] }, { "date": "2025-08-01", "close": 22.74892, "volume": 295411, "typical_volume": 277096.8, "trend": 22.587617, "fair_value": 21.661599, "relative_strength": -6.265271, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.626663, "energy": 40.301505, "activity_lines": [ 22.671844, 22.651035, 22.581309, 22.584888 ] }, { "date": "2025-08-08", "close": 22.763992, "volume": 353744, "typical_volume": 286772.0, "trend": 22.600434, "fair_value": 21.671844, "relative_strength": -8.167796, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.169164, "energy": 42.433103, "activity_lines": [ 22.703497, 22.677283, 22.601909, 22.596267 ] }, { "date": "2025-08-15", "close": 22.831573, "volume": 633527, "typical_volume": 312264.9, "trend": 22.610266, "fair_value": 21.683847, "relative_strength": -8.541852, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.335743, "energy": 71.30432, "activity_lines": [ 22.75252, 22.711166, 22.628585, 22.611179 ] }, { "date": "2025-08-22", "close": 22.830698, "volume": 573941, "typical_volume": 331352.05, "trend": 22.620227, "fair_value": 21.696605, "relative_strength": -8.573076, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.696047, "energy": 77.848978, "activity_lines": [ 22.792881, 22.738444, 22.654252, 22.6254 ] }, { "date": "2025-08-29", "close": 22.89964, "volume": 456093, "typical_volume": 318386.5, "trend": 22.630105, "fair_value": 21.709983, "relative_strength": -8.036753, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.078779, "energy": 83.414102, "activity_lines": [ 22.839508, 22.773582, 22.686243, 22.643427 ] }, { "date": "2025-09-05", "close": 23.06172, "volume": 222734, "typical_volume": 308434.2, "trend": 22.641622, "fair_value": 21.724936, "relative_strength": -7.3887, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.091153, "energy": 91.851848, "activity_lines": [ 22.921759, 22.833494, 22.730091, 22.671273 ] }, { "date": "2025-09-12", "close": 23.279201, "volume": 286108, "typical_volume": 303095.0, "trend": 22.660549, "fair_value": 21.742017, "relative_strength": -7.712588, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.799131, "energy": 97.23556, "activity_lines": [ 23.055652, 22.92548, 22.791056, 22.712407 ] }, { "date": "2025-09-19", "close": 23.362097, "volume": 1137467, "typical_volume": 349288.65, "trend": 22.680327, "fair_value": 21.761351, "relative_strength": -8.282838, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.779546, "energy": 97.332192, "activity_lines": [ 23.182828, 23.021764, 22.855466, 22.757668 ] }, { "date": "2025-09-26", "close": 23.298706, "volume": 376743, "typical_volume": 347865.65, "trend": 22.693854, "fair_value": 21.782048, "relative_strength": -8.043126, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.979771, "energy": 91.982625, "activity_lines": [ 23.253507, 23.094593, 22.909425, 22.797564 ] }, { "date": "2025-10-03", "close": 23.355764, "volume": 1614727, "typical_volume": 415767.85, "trend": 22.711802, "fair_value": 21.802223, "relative_strength": -8.604952, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.615985, "energy": 91.803665, "activity_lines": [ 23.312004, 23.164729, 22.964777, 22.840268 ] }, { "date": "2025-10-10", "close": 23.443789, "volume": 694813, "typical_volume": 440925.45, "trend": 22.736032, "fair_value": 21.823132, "relative_strength": -5.819194, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.414505, "energy": 92.701218, "activity_lines": [ 23.369434, 23.237558, 23.024497, 22.887493 ] }, { "date": "2025-10-17", "close": 23.541593, "volume": 945555, "typical_volume": 481087.4, "trend": 22.764479, "fair_value": 21.845318, "relative_strength": -6.871508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.923548, "energy": 90.250389, "activity_lines": [ 23.433995, 23.315535, 23.088823, 22.939464 ] }, { "date": "2025-10-24", "close": 23.619837, "volume": 286440, "typical_volume": 488852.45, "trend": 22.797228, "fair_value": 21.868684, "relative_strength": -8.134594, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.657396, "energy": 88.930325, "activity_lines": [ 23.507144, 23.393601, 23.155679, 22.994649 ] }, { "date": "2025-10-31", "close": 23.610057, "volume": 383692, "typical_volume": 502727.6, "trend": 22.824901, "fair_value": 21.890887, "relative_strength": -8.584994, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.871404, "energy": 86.385261, "activity_lines": [ 23.55985, 23.455556, 23.216162, 23.047089 ] }, { "date": "2025-11-07", "close": 23.609819, "volume": 456488, "typical_volume": 506874.15, "trend": 22.87363, "fair_value": 21.91184, "relative_strength": -6.944074, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.991785, "energy": 75.794024, "activity_lines": [ 23.591721, 23.503297, 23.271687, 23.097729 ] }, { "date": "2025-11-14", "close": 23.609819, "volume": 460967, "typical_volume": 517833.6, "trend": 22.917073, "fair_value": 21.932028, "relative_strength": -6.904153, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.085639, "energy": 68.542653, "activity_lines": [ 23.606654, 23.538126, 23.3226, 23.145225 ] }, { "date": "2025-11-21", "close": 23.634341, "volume": 968123, "typical_volume": 561412.4, "trend": 22.960052, "fair_value": 21.95175, "relative_strength": -4.867583, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.010576, "energy": 68.392657, "activity_lines": [ 23.618693, 23.567449, 23.371282, 23.191501 ] }, { "date": "2025-11-28", "close": 23.658863, "volume": 284505, "typical_volume": 565514.45, "trend": 23.000844, "fair_value": 21.970444, "relative_strength": -7.998422, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.628951, "energy": 68.144753, "activity_lines": [ 23.632722, 23.594772, 23.417787, 23.236585 ] }, { "date": "2025-12-05", "close": 23.651196, "volume": 489878, "typical_volume": 558120.15, "trend": 23.040883, "fair_value": 21.989378, "relative_strength": -8.17415, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.371264, "energy": 66.516093, "activity_lines": [ 23.641594, 23.615306, 23.459025, 23.278543 ] }, { "date": "2025-12-12", "close": 23.680711, "volume": 671187, "typical_volume": 579607.15, "trend": 23.079818, "fair_value": 22.008183, "relative_strength": -7.380104, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.405251, "energy": 67.588185, "activity_lines": [ 23.657562, 23.634798, 23.497973, 23.319823 ] }, { "date": "2025-12-19", "close": 23.690671, "volume": 684608, "typical_volume": 599067.0, "trend": 23.121012, "fair_value": 22.027302, "relative_strength": -7.266105, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.896478, "energy": 66.328934, "activity_lines": [ 23.672124, 23.650192, 23.532835, 23.359232 ] }, { "date": "2025-12-26", "close": 23.690671, "volume": 507873, "typical_volume": 606773.45, "trend": 23.16043, "fair_value": 22.047503, "relative_strength": -8.393219, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.436681, "energy": 64.610603, "activity_lines": [ 23.681295, 23.661098, 23.563213, 23.395985 ] }, { "date": "2026-01-02", "close": 23.749873, "volume": 642098, "typical_volume": 607202.0, "trend": 23.20286, "fair_value": 22.066489, "relative_strength": -7.024973, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.574414, "energy": 67.244189, "activity_lines": [ 23.706445, 23.680057, 23.594816, 23.434013 ] }, { "date": "2026-01-09", "close": 23.868277, "volume": 672836, "typical_volume": 612146.75, "trend": 23.246013, "fair_value": 22.084782, "relative_strength": -7.810021, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.571902, "energy": 71.721302, "activity_lines": [ 23.764996, 23.718179, 23.633323, 23.476943 ] }, { "date": "2026-01-16", "close": 23.932413, "volume": 1964411, "typical_volume": 687562.65, "trend": 23.289049, "fair_value": 22.103344, "relative_strength": -7.069976, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.997315, "energy": 73.121236, "activity_lines": [ 23.830454, 23.763268, 23.672997, 23.521227 ] }, { "date": "2026-01-23", "close": 23.917119, "volume": 1299304, "typical_volume": 741391.15, "trend": 23.331253, "fair_value": 22.121779, "relative_strength": -6.667268, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.324134, "energy": 73.788111, "activity_lines": [ 23.874033, 23.799711, 23.706297, 23.561748 ] }, { "date": "2026-01-30", "close": 23.996548, "volume": 884773, "typical_volume": 771324.4, "trend": 23.374917, "fair_value": 22.140426, "relative_strength": -6.567693, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.240932, "energy": 84.528179, "activity_lines": [ 23.928992, 23.845008, 23.743088, 23.60467 ] }, { "date": "2026-02-06", "close": 24.058249, "volume": 1265229, "typical_volume": 777712.5, "trend": 23.419992, "fair_value": 22.160041, "relative_strength": -5.977801, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.766447, "energy": 74.365378, "activity_lines": [ 23.984126, 23.894938, 23.78234, 23.648756 ] }, { "date": "2026-02-13", "close": 24.186823, "volume": 570456, "typical_volume": 787398.15, "trend": 23.473553, "fair_value": 22.181479, "relative_strength": -4.135592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.195562, "energy": 75.561019, "activity_lines": [ 24.06156, 23.960984, 23.830521, 23.698229 ] }, { "date": "2026-02-20", "close": 24.23133, "volume": 524235, "typical_volume": 732873.55, "trend": 23.527144, "fair_value": 22.203917, "relative_strength": -4.868431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.283393, "energy": 83.307666, "activity_lines": [ 24.132594, 24.025383, 23.878713, 23.747118 ] }, { "date": "2026-02-27", "close": 24.290672, "volume": 634966, "typical_volume": 729881.2, "trend": 23.578535, "fair_value": 22.226794, "relative_strength": -3.978803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.661004, "energy": 81.540745, "activity_lines": [ 24.20348, 24.09056, 23.928386, 23.796378 ] }, { "date": "2026-03-06", "close": 24.110004, "volume": 623754, "typical_volume": 713791.15, "trend": 23.623402, "fair_value": 22.247711, "relative_strength": -2.54911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.500143, "energy": 66.780024, "activity_lines": [ 24.18924, 24.111979, 23.956821, 23.830666 ] }, { "date": "2026-03-13", "close": 23.971156, "volume": 818747, "typical_volume": 740406.5, "trend": 23.661389, "fair_value": 22.266536, "relative_strength": -1.395004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.51891, "energy": 56.772853, "activity_lines": [ 24.121153, 24.100529, 23.969325, 23.853102 ] }, { "date": "2026-03-20", "close": 23.772801, "volume": 1251382, "typical_volume": 783791.0, "trend": 23.692792, "fair_value": 22.284145, "relative_strength": -0.20777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.950472, "energy": 24.315457, "activity_lines": [ 23.992754, 24.048992, 23.961265, 23.86029 ] }, { "date": "2026-03-27", "close": 23.673624, "volume": 1118151, "typical_volume": 816874.15, "trend": 23.718591, "fair_value": 22.30069, "relative_strength": 1.851732, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.901383, "energy": 21.172686, "activity_lines": [ 23.858898, 23.981157, 23.942984, 23.859053 ] }, { "date": "2026-04-03", "close": 23.825351, "volume": 2174309, "typical_volume": 902541.25, "trend": 23.744046, "fair_value": 22.316933, "relative_strength": -0.408936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.680896, "energy": 29.756899, "activity_lines": [ 23.812798, 23.945615, 23.93885, 23.865941 ] }, { "date": "2026-04-10", "close": 23.974508, "volume": 1120061, "typical_volume": 910138.15, "trend": 23.767223, "fair_value": 22.334358, "relative_strength": -2.929267, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.835728, "energy": 23.608407, "activity_lines": [ 23.847438, 23.938861, 23.947895, 23.880809 ] }, { "date": "2026-04-17", "close": 24.024227, "volume": 869787, "typical_volume": 939402.25, "trend": 23.789294, "fair_value": 22.353308, "relative_strength": -6.483587, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.861516, "energy": 17.42537, "activity_lines": [ 23.907685, 23.941548, 23.960056, 23.89739 ] }, { "date": "2026-04-24", "close": 24.044115, "volume": 575225, "typical_volume": 943669.6, "trend": 23.814141, "fair_value": 22.37207, "relative_strength": -6.538291, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.820185, "energy": 24.746387, "activity_lines": [ 23.971022, 23.948469, 23.97237, 23.91383 ] }, { "date": "2026-05-01", "close": 23.937915, "volume": 753861, "typical_volume": 947803.3, "trend": 23.833546, "fair_value": 22.390025, "relative_strength": -7.480651, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.705242, "energy": 25.354194, "activity_lines": [ 23.980872, 23.938675, 23.9727, 23.921816 ] }, { "date": "2026-05-08", "close": 23.987641, "volume": 767477, "typical_volume": 951946.75, "trend": 23.851674, "fair_value": 22.408269, "relative_strength": -9.045462, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.990037, "energy": 25.70936, "activity_lines": [ 23.989678, 23.943258, 23.97654, 23.931757 ] }, { "date": "2026-05-15", "close": 23.808628, "volume": 613521, "typical_volume": 957229.15, "trend": 23.860575, "fair_value": 22.426748, "relative_strength": -9.616408, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.828621, "energy": 8.359443, "activity_lines": [ 23.927994, 23.920802, 23.961917, 23.92898 ] }, { "date": "2026-05-22", "close": 23.788738, "volume": 2030914, "typical_volume": 1026669.95, "trend": 23.866205, "fair_value": 22.445677, "relative_strength": -10.120703, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.914781, "energy": 14.707925, "activity_lines": [ 23.870738, 23.90021, 23.944839, 23.924345 ] }, { "date": "2026-05-29", "close": 24.007531, "volume": 673484, "typical_volume": 1026702.35, "trend": 23.879454, "fair_value": 22.465526, "relative_strength": -10.258788, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.729888, "energy": 13.797991, "activity_lines": [ 23.902113, 23.922714, 23.948412, 23.933463 ] }, { "date": "2026-06-05", "close": 24.054029, "volume": 575034, "typical_volume": 957233.5, "trend": 23.894261, "fair_value": 22.484956, "relative_strength": -7.509014, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.747938, "energy": 15.800535, "activity_lines": [ 23.951425, 23.949405, 23.955751, 23.944726 ] }, { "date": "2026-06-12", "close": 24.044057, "volume": 649944, "typical_volume": 924765.5, "trend": 23.908736, "fair_value": 22.503923, "relative_strength": -7.777611, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.911037, "energy": 25.142944, "activity_lines": [ 23.989673, 23.967367, 23.961562, 23.95439 ] }, { "date": "2026-06-19", "close": 24.133811, "volume": 841257, "typical_volume": 922589.7, "trend": 23.925385, "fair_value": 22.523137, "relative_strength": -7.974289, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.482013, "energy": 47.383862, "activity_lines": [ 24.054078, 23.997671, 23.975315, 23.968911 ] }, { "date": "2026-06-26", "close": 24.173701, "volume": 1226187, "typical_volume": 920637.6, "trend": 23.942546, "fair_value": 22.542549, "relative_strength": -5.366192, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.539355, "energy": 66.177422, "activity_lines": [ 24.110101, 24.032331, 23.992214, 23.984932 ] }, { "date": "2026-07-03", "close": 24.13959, "volume": 568284, "typical_volume": 920529.0, "trend": 23.958826, "fair_value": 22.561754, "relative_strength": -7.286044, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.495397, "energy": 66.361896, "activity_lines": [ 24.129089, 24.058072, 24.005315, 23.997644 ] }, { "date": "2026-07-10", "close": 24.059823, "volume": 920484, "typical_volume": 940341.45, "trend": 23.971463, "fair_value": 22.580186, "relative_strength": -8.588678, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.728603, "energy": 61.585912, "activity_lines": [ 24.112684, 24.067574, 24.011044, 24.00416 ] }, { "date": "2026-07-17", "close": 23.960114, "volume": 854534, "typical_volume": 951319.85, "trend": 23.980445, "fair_value": 22.597372, "relative_strength": -7.327752, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.612606, "energy": 26.420802, "activity_lines": [ 24.062656, 24.05673, 24.008093, 24.003428 ] }, { "date": "2026-07-24", "close": 23.70087, "volume": 1400814, "typical_volume": 990172.85, "trend": 23.980785, "fair_value": 22.613098, "relative_strength": -7.593985, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -31.519127, "energy": 25.66622, "activity_lines": [ 23.93181, 23.999251, 23.982027, 23.985391 ] }, { "date": "2026-07-31", "close": 23.710841, "volume": 883021, "typical_volume": 993386.55, "trend": 23.979484, "fair_value": 22.630064, "relative_strength": -8.290497, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.449848, "energy": 53.139525, "activity_lines": [ 23.833151, 23.945545, 23.958858, 23.967975 ] }, { "date": "2026-08-07", "close": 23.92, "volume": 1310106, "typical_volume": 996322.75, "trend": 23.981208, "fair_value": 22.648488, "relative_strength": -10.361499, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.956179, "energy": 47.001555, "activity_lines": [ 23.835068, 23.931284, 23.956849, 23.964137 ] } ], "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." } } }