{ "ticker": { "uuid": "95bd90a4-61bb-44ee-a181-b2a307e48818", "symbol": "PFI", "name": "INVESCO DORSEY WRIGHT FINANCIAL MOMENTUM ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 80.949, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 63.826, "architecture_energy": 58.933, "architecture_maturity": 36.967, "architecture_confidence": 74.397, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 8.57, "rotation_up": 58.06, "upward_expansion": 83.83, "deceleration": 64.67, "rotation_down": 23.21, "downward_expansion": 10.49 }, "activity_lines": [ 62.354, 61.946778, 60.568009, 59.230395 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 62.144, "trend_reference": 58.034035, "distance_from_trend": 0.07082, "trend_direction": "Improving", "fair_value": 52.354946, "distance_from_fair_value": 0.186975, "fair_value_direction": "Improving", "relative_strength": -5.541291, "relative_strength_direction": "Improving", "price_momentum": 0.060841, "excess_performance": -0.126612, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07082, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024112, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.186975, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.030313, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.055413, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.079117, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.060841, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.133796, "read": "Demand-led" } ], "volume": { "latest": 15615, "relative_activity": 0.470643, "balance": 5.133796, "dry_up": 1.134502, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.026124, "annualized_volatility": 0.160474, "from_high_reference": -0.035854, "from_low_reference": 0.20499 }, "levels": { "trend_reference": 58.034035, "fair_value_reference": 52.354946, "structural_low": 51.5722, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.009655, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.007571, "regime_survival": 0.666667, "best_return": 0.075555, "worst_return": -0.118139, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.000692, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.023068, "regime_survival": 0.5, "best_return": 0.126268, "worst_return": -0.144154, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.04428, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.087941, "regime_survival": 0.285714, "best_return": 0.220466, "worst_return": -0.087251, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.004978, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.088187, "regime_survival": 0.25, "best_return": 0.374645, "worst_return": -0.1304, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.044077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.026369, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.101798, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.092079, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.032024, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-29", "tenure": "Developing", "return": 0.034473, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-11-07", "tenure": "Developing", "return": 0.000819, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": 0.057754, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-02-13", "tenure": "Developing", "return": -0.055134, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": -0.022932, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.023479, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.095057, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-06-12", "tenure": "Developing", "return": 0.043637, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.029873, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 40.166203, "volume": 9801, "typical_volume": 14147.65, "trend": 39.460804, "fair_value": 42.244808, "relative_strength": -12.201868, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.326945, "energy": 49.286418, "activity_lines": [ 41.593585, 41.408223, 40.351495, 39.781334 ] }, { "date": "2023-08-25", "close": 40.080702, "volume": 15533, "typical_volume": 13958.3, "trend": 39.448169, "fair_value": 42.278998, "relative_strength": -13.525416, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.701612, "energy": 27.17769, "activity_lines": [ 40.92494, 41.253162, 40.401872, 39.821327 ] }, { "date": "2023-09-01", "close": 41.367484, "volume": 4940, "typical_volume": 13494.55, "trend": 39.457688, "fair_value": 42.325425, "relative_strength": -13.67389, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.062215, "energy": 28.21534, "activity_lines": [ 40.878073, 41.321965, 40.562641, 39.945154 ] }, { "date": "2023-09-08", "close": 40.523975, "volume": 3409, "typical_volume": 13401.3, "trend": 39.442565, "fair_value": 42.368845, "relative_strength": -14.001579, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.538355, "energy": 27.471537, "activity_lines": [ 40.665969, 41.18543, 40.626863, 40.013947 ] }, { "date": "2023-09-15", "close": 40.674455, "volume": 4687, "typical_volume": 13071.3, "trend": 39.429865, "fair_value": 42.413885, "relative_strength": -12.93816, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.84056, "energy": 22.073629, "activity_lines": [ 40.659882, 41.066296, 40.696929, 40.093423 ] }, { "date": "2023-09-22", "close": 39.596169, "volume": 5727, "typical_volume": 12386.45, "trend": 39.398927, "fair_value": 42.457426, "relative_strength": -11.997863, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.196068, "energy": 14.115232, "activity_lines": [ 40.337751, 40.730617, 40.653825, 40.104153 ] }, { "date": "2023-09-29", "close": 39.510277, "volume": 3087, "typical_volume": 12262.45, "trend": 39.351566, "fair_value": 42.489291, "relative_strength": -11.934889, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.019466, "energy": 13.71514, "activity_lines": [ 40.024991, 40.411105, 40.595734, 40.111337 ] }, { "date": "2023-10-06", "close": 39.538908, "volume": 6560, "typical_volume": 12367.8, "trend": 39.412939, "fair_value": 42.514216, "relative_strength": -13.018682, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.234225, "energy": 16.989052, "activity_lines": [ 39.759803, 40.159765, 40.533153, 40.123423 ] }, { "date": "2023-10-13", "close": 39.440514, "volume": 2721, "typical_volume": 11061.8, "trend": 39.527594, "fair_value": 42.539328, "relative_strength": -12.912664, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.780341, "energy": 22.776331, "activity_lines": [ 39.583722, 39.9554, 40.454981, 40.125202 ] }, { "date": "2023-10-20", "close": 38.230011, "volume": 17186, "typical_volume": 11485.2, "trend": 39.591103, "fair_value": 42.562401, "relative_strength": -12.632239, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.470556, "energy": 55.463415, "activity_lines": [ 39.076371, 39.593149, 40.251376, 40.041487 ] }, { "date": "2023-10-27", "close": 37.296175, "volume": 5069, "typical_volume": 11507.2, "trend": 39.576454, "fair_value": 42.592811, "relative_strength": -11.976059, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.819128, "energy": 66.73116, "activity_lines": [ 38.420704, 39.117386, 39.959501, 39.893427 ] }, { "date": "2023-11-03", "close": 39.670609, "volume": 4012, "typical_volume": 11015.3, "trend": 39.647896, "fair_value": 42.619405, "relative_strength": -11.483402, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.671895, "energy": 43.572669, "activity_lines": [ 38.709848, 39.125521, 39.901492, 39.899502 ] }, { "date": "2023-11-10", "close": 39.654003, "volume": 14059, "typical_volume": 11355.15, "trend": 39.704265, "fair_value": 42.64402, "relative_strength": -13.531342, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.592743, "energy": 30.846018, "activity_lines": [ 38.982767, 39.138093, 39.84121, 39.899896 ] }, { "date": "2023-11-17", "close": 40.526665, "volume": 12715, "typical_volume": 11533.8, "trend": 39.763761, "fair_value": 42.673678, "relative_strength": -12.874631, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.223328, "energy": 6.906663, "activity_lines": [ 39.538902, 39.340485, 39.858587, 39.952954 ] }, { "date": "2023-11-24", "close": 41.038199, "volume": 1681, "typical_volume": 11098.65, "trend": 39.849225, "fair_value": 42.701602, "relative_strength": -12.029393, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.927719, "energy": 26.141341, "activity_lines": [ 40.193137, 39.635834, 39.922059, 40.035176 ] }, { "date": "2023-12-01", "close": 41.562139, "volume": 7947, "typical_volume": 10471.65, "trend": 39.96241, "fair_value": 42.729403, "relative_strength": -10.501624, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.690921, "energy": 41.304033, "activity_lines": [ 40.834807, 40.019831, 40.028332, 40.145686 ] }, { "date": "2023-12-08", "close": 41.718463, "volume": 18325, "typical_volume": 11041.95, "trend": 40.08653, "fair_value": 42.757083, "relative_strength": -10.17885, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.624641, "energy": 58.453115, "activity_lines": [ 41.244187, 40.396507, 40.148455, 40.25898 ] }, { "date": "2023-12-15", "close": 42.49149, "volume": 10765, "typical_volume": 8860.0, "trend": 40.228486, "fair_value": 42.77895, "relative_strength": -10.991379, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.292378, "energy": 73.543559, "activity_lines": [ 41.774719, 40.873583, 40.348175, 40.414139 ] }, { "date": "2023-12-22", "close": 42.949233, "volume": 13603, "typical_volume": 9191.9, "trend": 40.416476, "fair_value": 42.804018, "relative_strength": -10.311267, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.326969, "energy": 82.360389, "activity_lines": [ 42.268666, 41.380202, 40.594419, 40.589671 ] }, { "date": "2023-12-29", "close": 43.233225, "volume": 2989, "typical_volume": 8240.8, "trend": 40.57858, "fair_value": 42.829204, "relative_strength": -9.428076, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.579185, "energy": 83.923754, "activity_lines": [ 42.695773, 41.874662, 40.867293, 40.771396 ] }, { "date": "2024-01-05", "close": 41.916135, "volume": 7280, "typical_volume": 8114.75, "trend": 40.678473, "fair_value": 42.835991, "relative_strength": -8.741486, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.286141, "energy": 71.954749, "activity_lines": [ 42.537514, 42.038683, 41.005645, 40.85769 ] }, { "date": "2024-01-12", "close": 42.089183, "volume": 4749, "typical_volume": 7575.55, "trend": 40.763933, "fair_value": 42.842619, "relative_strength": -10.610421, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.132691, "energy": 53.835983, "activity_lines": [ 42.413339, 42.150168, 41.152144, 40.948704 ] }, { "date": "2024-01-19", "close": 42.481522, "volume": 5301, "typical_volume": 7593.6, "trend": 40.89635, "fair_value": 42.850868, "relative_strength": -11.663517, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.783712, "energy": 47.791348, "activity_lines": [ 42.395229, 42.289013, 41.326445, 41.059516 ] }, { "date": "2024-01-26", "close": 43.444728, "volume": 14322, "typical_volume": 8139.25, "trend": 41.011968, "fair_value": 42.879419, "relative_strength": -9.688847, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.094986, "energy": 51.956136, "activity_lines": [ 42.698851, 42.551577, 41.587174, 41.223927 ] }, { "date": "2024-02-02", "close": 43.55048, "volume": 4989, "typical_volume": 8154.35, "trend": 41.145405, "fair_value": 42.886947, "relative_strength": -10.0545, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.427855, "energy": 66.800557, "activity_lines": [ 43.004692, 42.780313, 41.844067, 41.387702 ] }, { "date": "2024-02-09", "close": 44.559736, "volume": 689099, "typical_volume": 42322.95, "trend": 41.252589, "fair_value": 42.893433, "relative_strength": -9.109914, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.958757, "energy": 84.030631, "activity_lines": [ 43.625801, 43.146872, 42.183384, 41.607982 ] }, { "date": "2024-02-16", "close": 45.405942, "volume": 43856, "typical_volume": 44361.4, "trend": 41.333671, "fair_value": 42.900239, "relative_strength": -5.474548, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.379273, "energy": 91.744342, "activity_lines": [ 44.352738, 43.612785, 42.579656, 41.87594 ] }, { "date": "2024-02-23", "close": 45.215589, "volume": 27457, "typical_volume": 45406.25, "trend": 41.403975, "fair_value": 42.909881, "relative_strength": -6.624996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.366814, "energy": 89.185012, "activity_lines": [ 44.795107, 43.977044, 42.929725, 42.126386 ] }, { "date": "2024-03-01", "close": 46.069294, "volume": 44167, "typical_volume": 47478.55, "trend": 41.510891, "fair_value": 42.927395, "relative_strength": -6.191683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.948921, "energy": 92.525055, "activity_lines": [ 45.339774, 44.446992, 43.334067, 42.427375 ] }, { "date": "2024-03-08", "close": 46.684576, "volume": 31550, "typical_volume": 48196.75, "trend": 41.689536, "fair_value": 42.928594, "relative_strength": -3.085581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.369747, "energy": 92.443982, "activity_lines": [ 45.914563, 44.972082, 43.765442, 42.761161 ] }, { "date": "2024-03-15", "close": 46.26628, "volume": 41432, "typical_volume": 50014.9, "trend": 41.892872, "fair_value": 42.933811, "relative_strength": -2.618802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.610652, "energy": 83.578419, "activity_lines": [ 46.14098, 45.358366, 44.116719, 43.056435 ] }, { "date": "2024-03-22", "close": 47.180816, "volume": 45953, "typical_volume": 52111.95, "trend": 42.129542, "fair_value": 42.951201, "relative_strength": -3.390181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.176635, "energy": 77.483226, "activity_lines": [ 46.558474, 45.831835, 44.51238, 43.397592 ] }, { "date": "2024-03-29", "close": 47.935343, "volume": 12564, "typical_volume": 52037.2, "trend": 42.348471, "fair_value": 42.971761, "relative_strength": -1.140427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.249399, "energy": 72.101043, "activity_lines": [ 47.109151, 46.349917, 44.944138, 43.77216 ] }, { "date": "2024-04-05", "close": 46.959039, "volume": 28030, "typical_volume": 52802.95, "trend": 42.562973, "fair_value": 42.983712, "relative_strength": -2.165951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.781225, "energy": 65.112517, "activity_lines": [ 47.153077, 46.591328, 45.24348, 44.069616 ] }, { "date": "2024-04-12", "close": 45.474092, "volume": 19113, "typical_volume": 53674.55, "trend": 42.722961, "fair_value": 42.981284, "relative_strength": -4.511065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.86669, "energy": 54.969955, "activity_lines": [ 46.642704, 46.498852, 45.370767, 44.25743 ] }, { "date": "2024-04-19", "close": 45.107676, "volume": 18555, "typical_volume": 54204.95, "trend": 42.906678, "fair_value": 42.976313, "relative_strength": 0.370799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.08663, "energy": 37.819528, "activity_lines": [ 46.090891, 46.30478, 45.442035, 44.411283 ] }, { "date": "2024-04-26", "close": 45.787184, "volume": 18214, "typical_volume": 54199.4, "trend": 43.115908, "fair_value": 42.969441, "relative_strength": -1.740869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.321373, "energy": 23.67419, "activity_lines": [ 45.842821, 46.224293, 45.561134, 44.597122 ] }, { "date": "2024-05-03", "close": 46.149068, "volume": 7575, "typical_volume": 54039.9, "trend": 43.336247, "fair_value": 42.959991, "relative_strength": -1.755609, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.222026, "energy": 23.830163, "activity_lines": [ 45.808288, 46.202671, 45.695324, 44.79281 ] }, { "date": "2024-05-10", "close": 47.190459, "volume": 19755, "typical_volume": 54347.5, "trend": 43.594578, "fair_value": 42.961143, "relative_strength": -0.840873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.698618, "energy": 30.836297, "activity_lines": [ 46.239971, 46.35342, 45.911276, 45.041468 ] }, { "date": "2024-05-17", "close": 47.942575, "volume": 10650, "typical_volume": 54730.55, "trend": 43.918331, "fair_value": 42.969664, "relative_strength": -1.278055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.405793, "energy": 49.603278, "activity_lines": [ 46.906931, 46.620533, 46.178663, 45.321984 ] }, { "date": "2024-05-24", "close": 47.844511, "volume": 6776, "typical_volume": 54705.35, "trend": 44.269942, "fair_value": 42.971824, "relative_strength": -2.753785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.488405, "energy": 61.546612, "activity_lines": [ 47.376637, 46.846944, 46.414284, 45.575286 ] }, { "date": "2024-05-31", "close": 47.76901, "volume": 11546, "typical_volume": 55045.2, "trend": 44.539888, "fair_value": 42.97086, "relative_strength": -1.295885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.74399, "energy": 65.984921, "activity_lines": [ 47.63872, 47.030932, 46.614485, 45.801033 ] }, { "date": "2024-06-07", "close": 47.065106, "volume": 4948, "typical_volume": 55027.55, "trend": 44.786925, "fair_value": 42.969269, "relative_strength": -5.17317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.787572, "energy": 57.663434, "activity_lines": [ 47.534047, 47.076243, 46.7206, 45.96395 ] }, { "date": "2024-06-14", "close": 46.563696, "volume": 18024, "typical_volume": 55212.65, "trend": 44.98816, "fair_value": 42.979509, "relative_strength": -9.182225, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.964123, "energy": 37.679871, "activity_lines": [ 47.201169, 47.046211, 46.757135, 46.07858 ] }, { "date": "2024-06-21", "close": 47.145139, "volume": 5301, "typical_volume": 55228.25, "trend": 45.191724, "fair_value": 42.976676, "relative_strength": -8.095716, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.507798, "energy": 28.263305, "activity_lines": [ 47.103889, 47.129084, 46.834194, 46.21774 ] }, { "date": "2024-06-28", "close": 47.526125, "volume": 6308, "typical_volume": 21088.7, "trend": 45.390524, "fair_value": 42.980522, "relative_strength": -7.132108, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.205985, "energy": 26.895962, "activity_lines": [ 47.186766, 47.250844, 46.930419, 46.368347 ] }, { "date": "2024-07-05", "close": 47.613704, "volume": 6200, "typical_volume": 19205.9, "trend": 45.587032, "fair_value": 42.986114, "relative_strength": -9.951248, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.696614, "energy": 29.331615, "activity_lines": [ 47.320062, 47.344556, 47.02086, 46.511778 ] }, { "date": "2024-07-12", "close": 48.97974, "volume": 10424, "typical_volume": 18354.25, "trend": 45.803307, "fair_value": 43.007943, "relative_strength": -6.934936, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.363236, "energy": 61.059087, "activity_lines": [ 47.919058, 47.653429, 47.230886, 46.730662 ] }, { "date": "2024-07-19", "close": 50.292157, "volume": 4538, "typical_volume": 16372.8, "trend": 46.048071, "fair_value": 43.034356, "relative_strength": -0.335388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.858339, "energy": 83.771582, "activity_lines": [ 48.827883, 48.149456, 47.54798, 47.020265 ] }, { "date": "2024-07-26", "close": 51.82722, "volume": 7524, "typical_volume": 15171.5, "trend": 46.334538, "fair_value": 43.064824, "relative_strength": 5.452346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.477005, "energy": 96.470885, "activity_lines": [ 49.999832, 48.868192, 47.991162, 47.393114 ] }, { "date": "2024-08-02", "close": 49.020707, "volume": 19609, "typical_volume": 14080.35, "trend": 46.571357, "fair_value": 43.066414, "relative_strength": 3.028833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.224268, "energy": 80.616996, "activity_lines": [ 49.924138, 49.006022, 48.142567, 47.566415 ] }, { "date": "2024-08-09", "close": 49.463467, "volume": 38362, "typical_volume": 13700.8, "trend": 46.817166, "fair_value": 43.067132, "relative_strength": 3.647619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.54283, "energy": 70.117879, "activity_lines": [ 49.896392, 49.202968, 48.323024, 47.753003 ] }, { "date": "2024-08-16", "close": 51.194414, "volume": 19214, "typical_volume": 14033.3, "trend": 47.107596, "fair_value": 43.088404, "relative_strength": 1.810163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.908865, "energy": 59.023139, "activity_lines": [ 50.32231, 49.683824, 48.657464, 48.035406 ] }, { "date": "2024-08-23", "close": 52.394536, "volume": 13114, "typical_volume": 13287.5, "trend": 47.405923, "fair_value": 43.103, "relative_strength": 3.150018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.300245, "energy": 61.005631, "activity_lines": [ 51.000625, 50.307806, 49.090681, 48.376499 ] }, { "date": "2024-08-30", "close": 53.423101, "volume": 19354, "typical_volume": 13299.55, "trend": 47.73501, "fair_value": 43.127568, "relative_strength": 5.962905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.85209, "energy": 78.14301, "activity_lines": [ 51.881635, 51.012784, 49.595974, 48.764704 ] }, { "date": "2024-09-06", "close": 50.788632, "volume": 9470, "typical_volume": 12845.3, "trend": 47.94264, "fair_value": 43.141051, "relative_strength": 6.858265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.658313, "energy": 63.743909, "activity_lines": [ 51.778098, 51.124623, 49.812512, 48.961712 ] }, { "date": "2024-09-13", "close": 52.443191, "volume": 10618, "typical_volume": 12465.5, "trend": 48.177215, "fair_value": 43.163108, "relative_strength": 4.155497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.980446, "energy": 61.753625, "activity_lines": [ 52.108218, 51.477973, 50.159575, 49.25207 ] }, { "date": "2024-09-20", "close": 53.970761, "volume": 10721, "typical_volume": 12622.8, "trend": 48.469054, "fair_value": 43.189032, "relative_strength": 5.599642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.582104, "energy": 62.793915, "activity_lines": [ 52.74888, 52.021254, 50.620426, 49.625847 ] }, { "date": "2024-09-27", "close": 53.922097, "volume": 11352, "typical_volume": 12202.65, "trend": 48.730814, "fair_value": 43.217138, "relative_strength": 4.428743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.569046, "energy": 59.006926, "activity_lines": [ 53.188231, 52.464941, 51.039396, 49.977656 ] }, { "date": "2024-10-04", "close": 54.585634, "volume": 61046, "typical_volume": 14722.45, "trend": 48.994183, "fair_value": 43.241937, "relative_strength": 5.535523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.637323, "energy": 68.340435, "activity_lines": [ 53.746924, 52.963272, 51.489504, 50.355386 ] }, { "date": "2024-10-11", "close": 55.61997, "volume": 14653, "typical_volume": 15116.3, "trend": 49.305972, "fair_value": 43.260625, "relative_strength": 6.141396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.643761, "energy": 79.948112, "activity_lines": [ 54.572893, 53.599511, 52.006487, 50.782857 ] }, { "date": "2024-10-18", "close": 56.854343, "volume": 34921, "typical_volume": 16285.05, "trend": 49.628423, "fair_value": 43.280766, "relative_strength": 8.12754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.229377, "energy": 88.563017, "activity_lines": [ 55.48823, 54.340195, 52.604004, 51.269848 ] }, { "date": "2024-10-25", "close": 54.684091, "volume": 14655, "typical_volume": 16770.4, "trend": 49.853381, "fair_value": 43.284833, "relative_strength": 3.79056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.099096, "energy": 71.064527, "activity_lines": [ 55.386073, 54.551909, 52.951566, 51.59602 ] }, { "date": "2024-11-01", "close": 54.119987, "volume": 18509, "typical_volume": 16794.65, "trend": 50.09208, "fair_value": 43.279588, "relative_strength": 4.337205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.808121, "energy": 58.107447, "activity_lines": [ 55.048327, 54.597609, 53.209123, 51.871285 ] }, { "date": "2024-11-08", "close": 59.679252, "volume": 66396, "typical_volume": 19849.4, "trend": 50.565585, "fair_value": 43.313605, "relative_strength": 8.86985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.529836, "energy": 68.921562, "activity_lines": [ 56.550476, 55.622713, 53.960152, 52.489812 ] }, { "date": "2024-11-15", "close": 59.025473, "volume": 22777, "typical_volume": 20672.85, "trend": 51.029512, "fair_value": 43.352791, "relative_strength": 11.222959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.639682, "energy": 67.619841, "activity_lines": [ 57.495124, 56.4152, 54.58923, 53.035612 ] }, { "date": "2024-11-22", "close": 61.611314, "volume": 68574, "typical_volume": 23791.55, "trend": 51.556983, "fair_value": 43.416896, "relative_strength": 13.65747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.225185, "energy": 89.643914, "activity_lines": [ 59.074686, 57.528079, 55.409819, 53.718309 ] }, { "date": "2024-11-29", "close": 61.845503, "volume": 35992, "typical_volume": 25069.95, "trend": 52.080197, "fair_value": 43.494098, "relative_strength": 12.921499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.506361, "energy": 92.235782, "activity_lines": [ 60.415179, 58.516844, 56.186057, 54.382084 ] }, { "date": "2024-12-06", "close": 60.528188, "volume": 27050, "typical_volume": 26195.55, "trend": 52.524788, "fair_value": 43.5577, "relative_strength": 6.851941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.643606, "energy": 86.324407, "activity_lines": [ 60.839139, 59.122921, 56.775571, 54.927116 ] }, { "date": "2024-12-13", "close": 58.410726, "volume": 23008, "typical_volume": 26969.75, "trend": 52.873726, "fair_value": 43.6198, "relative_strength": 2.243592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.836577, "energy": 73.073644, "activity_lines": [ 60.130066, 59.223894, 57.114679, 55.306854 ] }, { "date": "2024-12-20", "close": 56.234717, "volume": 20207, "typical_volume": 26999.65, "trend": 53.1534, "fair_value": 43.656071, "relative_strength": 0.638117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.104878, "energy": 44.545333, "activity_lines": [ 58.780225, 58.859681, 57.215198, 55.523692 ] }, { "date": "2024-12-27", "close": 56.65947, "volume": 20847, "typical_volume": 26123.9, "trend": 53.449749, "fair_value": 43.694946, "relative_strength": 0.441174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.590487, "energy": 24.956051, "activity_lines": [ 57.758018, 58.56152, 57.321817, 55.74989 ] }, { "date": "2025-01-03", "close": 56.994951, "volume": 22365, "typical_volume": 26281.45, "trend": 53.780744, "fair_value": 43.742582, "relative_strength": 1.745508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.564783, "energy": 28.593281, "activity_lines": [ 57.177762, 58.327898, 57.42612, 55.978613 ] }, { "date": "2025-01-10", "close": 54.154254, "volume": 91776, "typical_volume": 30214.55, "trend": 54.033762, "fair_value": 43.777115, "relative_strength": -1.214331, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.777667, "energy": 20.908239, "activity_lines": [ 55.973976, 57.53577, 57.232259, 56.00271 ] }, { "date": "2025-01-17", "close": 58.466295, "volume": 53900, "typical_volume": 31941.85, "trend": 54.411134, "fair_value": 43.86041, "relative_strength": 3.482106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.399687, "energy": 22.566596, "activity_lines": [ 56.632467, 57.527026, 57.440688, 56.28868 ] }, { "date": "2025-01-24", "close": 59.818221, "volume": 24445, "typical_volume": 32690.6, "trend": 54.820871, "fair_value": 43.958794, "relative_strength": 4.116026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.469237, "energy": 22.668326, "activity_lines": [ 57.737895, 57.786141, 57.753858, 56.637524 ] }, { "date": "2025-01-31", "close": 59.828123, "volume": 25088, "typical_volume": 33414.1, "trend": 55.228018, "fair_value": 44.045064, "relative_strength": 5.364447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.367439, "energy": 33.46598, "activity_lines": [ 58.607723, 58.032643, 58.024972, 56.960573 ] }, { "date": "2025-02-07", "close": 60.432147, "volume": 38455, "typical_volume": 34800.8, "trend": 55.609765, "fair_value": 44.137533, "relative_strength": 6.055979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.705665, "energy": 59.293035, "activity_lines": [ 59.467649, 58.421388, 58.318446, 57.296323 ] }, { "date": "2025-02-14", "close": 60.709404, "volume": 30300, "typical_volume": 35748.2, "trend": 55.957006, "fair_value": 44.236408, "relative_strength": 3.404501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.047531, "energy": 69.148659, "activity_lines": [ 60.190848, 58.886242, 58.607557, 57.625332 ] }, { "date": "2025-02-21", "close": 57.372417, "volume": 26426, "typical_volume": 34017.2, "trend": 56.141846, "fair_value": 44.309303, "relative_strength": -0.123917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.450271, "energy": 46.485587, "activity_lines": [ 59.364707, 58.741076, 58.54654, 57.716649 ] }, { "date": "2025-02-28", "close": 57.768499, "volume": 15770, "typical_volume": 34073.05, "trend": 56.433439, "fair_value": 44.397349, "relative_strength": 3.932721, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.195184, "energy": 25.600687, "activity_lines": [ 58.743519, 58.686803, 58.509974, 57.821594 ] }, { "date": "2025-03-07", "close": 53.292777, "volume": 149738, "typical_volume": 39813.9, "trend": 56.561083, "fair_value": 44.462814, "relative_strength": -0.950501, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -12.335183, "energy": 16.785367, "activity_lines": [ 56.767072, 57.790875, 58.036917, 57.618971 ] }, { "date": "2025-03-14", "close": 51.887479, "volume": 71295, "typical_volume": 42645.9, "trend": 56.584185, "fair_value": 44.502032, "relative_strength": -1.139567, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.239509, "energy": 40.745542, "activity_lines": [ 54.757883, 56.700652, 57.446983, 57.317448 ] }, { "date": "2025-03-21", "close": 52.995716, "volume": 39077, "typical_volume": 43674.3, "trend": 56.604224, "fair_value": 44.549323, "relative_strength": 0.652846, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.308211, "energy": 62.743029, "activity_lines": [ 53.687749, 55.904789, 56.975912, 57.085934 ] }, { "date": "2025-03-28", "close": 52.443351, "volume": 18901, "typical_volume": 41299.55, "trend": 56.571566, "fair_value": 44.58997, "relative_strength": 1.925068, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.317058, "energy": 68.192164, "activity_lines": [ 52.947741, 55.029561, 56.457589, 56.81749 ] }, { "date": "2025-04-04", "close": 47.600869, "volume": 19190, "typical_volume": 41120.2, "trend": 56.465307, "fair_value": 44.604528, "relative_strength": 2.544762, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -87.532096, "energy": 86.670866, "activity_lines": [ 50.922175, 53.383389, 55.512533, 56.238736 ] }, { "date": "2025-04-11", "close": 49.377835, "volume": 33906, "typical_volume": 39386.8, "trend": 56.363129, "fair_value": 44.629999, "relative_strength": -1.129077, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.535157, "energy": 79.634403, "activity_lines": [ 50.166774, 52.282435, 54.791115, 55.78148 ] }, { "date": "2025-04-18", "close": 50.013473, "volume": 15157, "typical_volume": 38345.05, "trend": 56.231219, "fair_value": 44.66378, "relative_strength": 2.409481, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.006465, "energy": 76.656791, "activity_lines": [ 49.884249, 51.487058, 54.188489, 55.371824 ] }, { "date": "2025-04-25", "close": 51.541963, "volume": 14335, "typical_volume": 37709.3, "trend": 56.151881, "fair_value": 44.723168, "relative_strength": -0.854804, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.185108, "energy": 59.754354, "activity_lines": [ 50.236153, 51.159018, 53.787777, 55.069292 ] }, { "date": "2025-05-02", "close": 53.355263, "volume": 14221, "typical_volume": 37269.95, "trend": 56.110869, "fair_value": 44.803903, "relative_strength": -0.826668, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.585511, "energy": 40.110227, "activity_lines": [ 51.289408, 51.32735, 53.602551, 54.888865 ] }, { "date": "2025-05-09", "close": 53.626672, "volume": 56295, "typical_volume": 39074.35, "trend": 56.044426, "fair_value": 44.89634, "relative_strength": -0.190075, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.289302, "energy": 24.6489, "activity_lines": [ 52.372339, 51.618068, 53.467247, 54.728594 ] }, { "date": "2025-05-16", "close": 55.860289, "volume": 16248, "typical_volume": 38844.4, "trend": 56.011291, "fair_value": 45.01079, "relative_strength": -2.725172, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.361627, "energy": 21.40999, "activity_lines": [ 53.798088, 52.390204, 53.557088, 54.716714 ] }, { "date": "2025-05-23", "close": 53.924488, "volume": 17126, "typical_volume": 38582.45, "trend": 55.985971, "fair_value": 45.092609, "relative_strength": -3.846707, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.784785, "energy": 24.064841, "activity_lines": [ 54.146407, 52.763695, 53.466373, 54.582082 ] }, { "date": "2025-05-30", "close": 54.937061, "volume": 6910, "typical_volume": 34339.15, "trend": 56.013206, "fair_value": 45.184975, "relative_strength": -3.890259, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.657447, "energy": 20.419009, "activity_lines": [ 54.571515, 53.284253, 53.486714, 54.51441 ] }, { "date": "2025-06-06", "close": 55.344076, "volume": 11589, "typical_volume": 32223.6, "trend": 55.8687, "fair_value": 45.295559, "relative_strength": -5.189061, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.78705, "energy": 17.140503, "activity_lines": [ 54.905956, 53.843516, 53.542091, 54.47124 ] }, { "date": "2025-06-13", "close": 53.923892, "volume": 16149, "typical_volume": 31808.8, "trend": 55.698648, "fair_value": 45.411554, "relative_strength": -7.17713, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.873763, "energy": 12.930981, "activity_lines": [ 54.634414, 54.091824, 53.47708, 54.345769 ] }, { "date": "2025-06-20", "close": 54.172667, "volume": 13329, "typical_volume": 31220.85, "trend": 55.450693, "fair_value": 45.515935, "relative_strength": -6.791716, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.370681, "energy": 10.741968, "activity_lines": [ 54.425983, 54.2704, 53.46383, 54.247318 ] }, { "date": "2025-06-27", "close": 55.533643, "volume": 12395, "typical_volume": 29917.85, "trend": 55.240298, "fair_value": 45.630899, "relative_strength": -8.283468, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.253809, "energy": 12.762485, "activity_lines": [ 54.783718, 54.609247, 53.607128, 54.25267 ] }, { "date": "2025-07-04", "close": 56.696391, "volume": 6057, "typical_volume": 28705.7, "trend": 55.112571, "fair_value": 45.754633, "relative_strength": -7.818938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.090995, "energy": 35.895614, "activity_lines": [ 55.421759, 55.059136, 53.88449, 54.346612 ] }, { "date": "2025-07-11", "close": 54.897609, "volume": 10570, "typical_volume": 27912.9, "trend": 54.995467, "fair_value": 45.869202, "relative_strength": -10.41072, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.52335, "energy": 33.684741, "activity_lines": [ 55.342918, 55.088257, 54.009649, 54.332743 ] }, { "date": "2025-07-18", "close": 56.093252, "volume": 11196, "typical_volume": 27684.2, "trend": 54.990752, "fair_value": 45.983034, "relative_strength": -9.509097, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.410697, "energy": 43.500809, "activity_lines": [ 55.692388, 55.306724, 54.260463, 54.403568 ] }, { "date": "2025-07-25", "close": 56.30374, "volume": 14950, "typical_volume": 20944.8, "trend": 54.978894, "fair_value": 46.088216, "relative_strength": -9.782339, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.536587, "energy": 51.664915, "activity_lines": [ 55.967397, 55.518616, 54.539301, 54.488277 ] }, { "date": "2025-08-01", "close": 54.458747, "volume": 12246, "typical_volume": 17992.35, "trend": 54.894354, "fair_value": 46.181208, "relative_strength": -10.591055, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.031329, "energy": 20.900715, "activity_lines": [ 55.485337, 55.386991, 54.628088, 54.454719 ] }, { "date": "2025-08-08", "close": 55.159377, "volume": 10720, "typical_volume": 16574.5, "trend": 54.927858, "fair_value": 46.26516, "relative_strength": -12.477925, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.309929, "energy": 15.834957, "activity_lines": [ 55.30848, 55.37304, 54.771357, 54.471817 ] }, { "date": "2025-08-15", "close": 55.949847, "volume": 11910, "typical_volume": 16224.95, "trend": 54.843976, "fair_value": 46.356935, "relative_strength": -11.474791, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.512018, "energy": 17.718553, "activity_lines": [ 55.497581, 55.498769, 54.979606, 54.537752 ] }, { "date": "2025-08-22", "close": 56.903002, "volume": 12998, "typical_volume": 15915.35, "trend": 54.746802, "fair_value": 46.464017, "relative_strength": -8.957012, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.800202, "energy": 28.536544, "activity_lines": [ 55.934251, 55.786785, 55.261934, 54.670592 ] }, { "date": "2025-08-29", "close": 56.790106, "volume": 7780, "typical_volume": 14609.05, "trend": 54.645535, "fair_value": 46.581482, "relative_strength": -8.674854, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.568052, "energy": 59.933224, "activity_lines": [ 56.279305, 56.000108, 55.489215, 54.802418 ] }, { "date": "2025-09-05", "close": 56.027463, "volume": 18331, "typical_volume": 14767.75, "trend": 54.498712, "fair_value": 46.683735, "relative_strength": -10.525078, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.498235, "energy": 57.740517, "activity_lines": [ 56.337721, 56.027179, 55.608566, 54.891575 ] }, { "date": "2025-09-12", "close": 57.137241, "volume": 23678, "typical_volume": 15234.9, "trend": 54.37964, "fair_value": 46.801819, "relative_strength": -10.186183, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.136057, "energy": 64.673777, "activity_lines": [ 56.661482, 56.24705, 55.804972, 55.061803 ] }, { "date": "2025-09-19", "close": 58.191565, "volume": 9474, "typical_volume": 14997.55, "trend": 54.406945, "fair_value": 46.938793, "relative_strength": -10.22036, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.716565, "energy": 68.895158, "activity_lines": [ 57.204826, 56.6506, 56.075145, 55.307733 ] }, { "date": "2025-09-26", "close": 57.439734, "volume": 18874, "typical_volume": 13126.5, "trend": 54.395986, "fair_value": 47.07613, "relative_strength": -10.742637, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.5292, "energy": 55.564286, "activity_lines": [ 57.348112, 56.857564, 56.250686, 55.503397 ] }, { "date": "2025-10-03", "close": 57.198078, "volume": 12467, "typical_volume": 12937.45, "trend": 54.526163, "fair_value": 47.204936, "relative_strength": -11.901598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.456852, "energy": 50.769982, "activity_lines": [ 57.375064, 56.996108, 56.385054, 55.684177 ] }, { "date": "2025-10-10", "close": 54.485043, "volume": 12715, "typical_volume": 12716.9, "trend": 54.612748, "fair_value": 47.31809, "relative_strength": -13.810838, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.289418, "energy": 19.053781, "activity_lines": [ 56.470473, 56.625113, 56.254668, 55.681524 ] }, { "date": "2025-10-17", "close": 55.088835, "volume": 8010, "typical_volume": 12771.9, "trend": 54.682519, "fair_value": 47.429004, "relative_strength": -14.56442, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.724066, "energy": 15.234962, "activity_lines": [ 55.869974, 56.36342, 56.179117, 55.71224 ] }, { "date": "2025-10-24", "close": 57.587971, "volume": 6647, "typical_volume": 12524.8, "trend": 54.854006, "fair_value": 47.539872, "relative_strength": -12.315583, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.624022, "energy": 22.232364, "activity_lines": [ 56.239081, 56.557398, 56.340855, 55.899688 ] }, { "date": "2025-10-31", "close": 56.200712, "volume": 10942, "typical_volume": 12264.45, "trend": 55.140668, "fair_value": 47.646383, "relative_strength": -15.716753, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.631283, "energy": 17.712714, "activity_lines": [ 56.186008, 56.469364, 56.359789, 55.986572 ] }, { "date": "2025-11-07", "close": 56.073368, "volume": 14217, "typical_volume": 12308.85, "trend": 55.363852, "fair_value": 47.748325, "relative_strength": -12.850799, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.22434, "energy": 11.193309, "activity_lines": [ 56.173088, 56.370944, 56.355752, 56.046747 ] }, { "date": "2025-11-14", "close": 55.074111, "volume": 6128, "typical_volume": 11995.5, "trend": 55.53254, "fair_value": 47.844747, "relative_strength": -13.823974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.802877, "energy": 3.645528, "activity_lines": [ 55.902063, 56.103873, 56.247497, 56.028054 ] }, { "date": "2025-11-21", "close": 53.860558, "volume": 46020, "typical_volume": 13993.65, "trend": 55.609827, "fair_value": 47.928387, "relative_strength": -12.539491, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.677087, "energy": 25.554237, "activity_lines": [ 55.187249, 55.63349, 56.025854, 55.920184 ] }, { "date": "2025-11-28", "close": 56.743319, "volume": 5323, "typical_volume": 13731.3, "trend": 55.722762, "fair_value": 48.028417, "relative_strength": -11.706583, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.107402, "energy": 8.924817, "activity_lines": [ 55.515241, 55.746821, 56.092264, 55.993312 ] }, { "date": "2025-12-05", "close": 57.606078, "volume": 8537, "typical_volume": 13598.35, "trend": 55.855409, "fair_value": 48.145132, "relative_strength": -10.869103, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.561389, "energy": 16.351965, "activity_lines": [ 56.187129, 56.043349, 56.232052, 56.114817 ] }, { "date": "2025-12-12", "close": 58.390938, "volume": 9927, "typical_volume": 13347.2, "trend": 55.939764, "fair_value": 48.276515, "relative_strength": -7.641644, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.462652, "energy": 37.449458, "activity_lines": [ 57.026946, 56.479555, 56.439385, 56.278399 ] }, { "date": "2025-12-19", "close": 58.254839, "volume": 15484, "typical_volume": 13509.1, "trend": 56.084109, "fair_value": 48.404666, "relative_strength": -8.11886, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.148026, "energy": 48.201244, "activity_lines": [ 57.666892, 56.869327, 56.623817, 56.427759 ] }, { "date": "2025-12-26", "close": 59.010134, "volume": 20037, "typical_volume": 13974.95, "trend": 56.219878, "fair_value": 48.536752, "relative_strength": -7.817997, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.772368, "energy": 66.483924, "activity_lines": [ 58.346554, 57.327883, 56.862105, 56.616535 ] }, { "date": "2026-01-02", "close": 58.181112, "volume": 11451, "typical_volume": 13952.0, "trend": 56.314446, "fair_value": 48.658508, "relative_strength": -7.245975, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.417399, "energy": 63.460465, "activity_lines": [ 58.406571, 57.564412, 57.003101, 56.743066 ] }, { "date": "2026-01-09", "close": 59.387008, "volume": 9350, "typical_volume": 13769.6, "trend": 56.49655, "fair_value": 48.78063, "relative_strength": -7.148803, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.275841, "energy": 66.22819, "activity_lines": [ 58.7727, 58.009411, 57.24832, 56.941296 ] }, { "date": "2026-01-16", "close": 59.403758, "volume": 13513, "typical_volume": 14056.25, "trend": 56.670919, "fair_value": 48.906489, "relative_strength": -6.01571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.757817, "energy": 62.260825, "activity_lines": [ 59.025684, 58.399522, 57.483306, 57.128858 ] }, { "date": "2026-01-23", "close": 58.4527, "volume": 9079, "typical_volume": 13593.65, "trend": 56.768221, "fair_value": 49.021828, "relative_strength": -7.393383, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.452425, "energy": 41.734747, "activity_lines": [ 58.894128, 58.556161, 57.615268, 57.243811 ] }, { "date": "2026-01-30", "close": 58.006633, "volume": 10760, "typical_volume": 12947.75, "trend": 56.811896, "fair_value": 49.13032, "relative_strength": -7.591458, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.505559, "energy": 36.187172, "activity_lines": [ 58.600691, 58.570268, 57.693199, 57.323709 ] }, { "date": "2026-02-06", "close": 58.57992, "volume": 10778, "typical_volume": 13012.95, "trend": 56.93464, "fair_value": 49.243155, "relative_strength": -4.442434, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.390998, "energy": 26.886919, "activity_lines": [ 58.56525, 58.613226, 57.821589, 57.437775 ] }, { "date": "2026-02-13", "close": 55.756658, "volume": 58039, "typical_volume": 14971.2, "trend": 56.92342, "fair_value": 49.337394, "relative_strength": -7.51286, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.446483, "energy": 12.701575, "activity_lines": [ 57.562135, 58.109471, 57.679248, 57.361776 ] }, { "date": "2026-02-20", "close": 56.182386, "volume": 4801, "typical_volume": 14587.9, "trend": 56.919375, "fair_value": 49.437766, "relative_strength": -7.553906, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.804405, "energy": 18.223217, "activity_lines": [ 56.942953, 57.716746, 57.585467, 57.313967 ] }, { "date": "2026-02-27", "close": 54.894036, "volume": 11156, "typical_volume": 14509.95, "trend": 56.933884, "fair_value": 49.527272, "relative_strength": -9.029645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.391864, "energy": 34.173517, "activity_lines": [ 56.109078, 57.129932, 57.373822, 57.1833 ] }, { "date": "2026-03-06", "close": 53.546563, "volume": 397022, "typical_volume": 33960.55, "trend": 56.880124, "fair_value": 49.628867, "relative_strength": -9.804467, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.506216, "energy": 60.167105, "activity_lines": [ 55.06329, 56.359228, 57.031899, 56.964763 ] }, { "date": "2026-03-13", "close": 52.289321, "volume": 28661, "typical_volume": 35061.25, "trend": 56.758106, "fair_value": 49.73328, "relative_strength": -10.669329, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.200793, "energy": 84.78066, "activity_lines": [ 53.89576, 55.459272, 56.577583, 56.668583 ] }, { "date": "2026-03-20", "close": 52.3299, "volume": 5062, "typical_volume": 34767.25, "trend": 56.60567, "fair_value": 49.835877, "relative_strength": -8.436499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.357009, "energy": 85.360548, "activity_lines": [ 53.161129, 54.673818, 56.152363, 56.382892 ] }, { "date": "2026-03-27", "close": 51.5722, "volume": 10401, "typical_volume": 34576.45, "trend": 56.431739, "fair_value": 49.924573, "relative_strength": -6.374795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.154517, "energy": 86.407215, "activity_lines": [ 52.402382, 53.878911, 55.673414, 56.058152 ] }, { "date": "2026-04-03", "close": 53.8706, "volume": 6253, "typical_volume": 34582.7, "trend": 56.359844, "fair_value": 50.029338, "relative_strength": -5.556249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.46699, "energy": 72.996589, "activity_lines": [ 52.717114, 53.644287, 55.434794, 55.892917 ] }, { "date": "2026-04-10", "close": 55.6505, "volume": 6943, "typical_volume": 32628.85, "trend": 56.310286, "fair_value": 50.14272, "relative_strength": -6.266439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.003261, "energy": 42.701072, "activity_lines": [ 53.693375, 53.816592, 55.37142, 55.847153 ] }, { "date": "2026-04-17", "close": 58.5313, "volume": 9441, "typical_volume": 32834.75, "trend": 56.32161, "fair_value": 50.269575, "relative_strength": -6.730811, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.411509, "energy": 14.10054, "activity_lines": [ 55.48964, 54.555518, 55.573884, 55.990444 ] }, { "date": "2026-04-24", "close": 57.304223, "volume": 1836, "typical_volume": 32499.7, "trend": 56.317093, "fair_value": 50.39028, "relative_strength": -10.241364, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 7.219976, "energy": 24.167472, "activity_lines": [ 56.460748, 55.072223, 55.650969, 56.053839 ] }, { "date": "2026-05-01", "close": 57.856853, "volume": 6229, "typical_volume": 32314.8, "trend": 56.339053, "fair_value": 50.5165, "relative_strength": -10.330798, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.464263, "energy": 30.670556, "activity_lines": [ 57.284444, 55.661268, 55.782123, 56.153178 ] }, { "date": "2026-05-08", "close": 58.583138, "volume": 5943, "typical_volume": 31837.75, "trend": 56.475656, "fair_value": 50.648476, "relative_strength": -13.45298, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.032862, "energy": 38.88255, "activity_lines": [ 57.931258, 56.351921, 55.98499, 56.297958 ] }, { "date": "2026-05-15", "close": 57.698432, "volume": 3819, "typical_volume": 31026.85, "trend": 56.562642, "fair_value": 50.773256, "relative_strength": -14.029696, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.134859, "energy": 46.7918, "activity_lines": [ 57.969001, 56.814643, 56.102036, 56.376846 ] }, { "date": "2026-05-22", "close": 58.631829, "volume": 5162, "typical_volume": 30712.4, "trend": 56.597438, "fair_value": 50.909937, "relative_strength": -13.254245, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.358752, "energy": 47.453085, "activity_lines": [ 58.181348, 57.371585, 56.314223, 56.510342 ] }, { "date": "2026-05-29", "close": 58.307321, "volume": 5838, "typical_volume": 30536.8, "trend": 56.667658, "fair_value": 51.03774, "relative_strength": -15.692206, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.421878, "energy": 42.477431, "activity_lines": [ 58.278823, 57.754208, 56.493359, 56.620657 ] }, { "date": "2026-06-05", "close": 58.348644, "volume": 13820, "typical_volume": 30552.15, "trend": 56.7435, "fair_value": 51.162286, "relative_strength": -11.251697, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.365456, "energy": 30.86653, "activity_lines": [ 58.3232, 58.035663, 56.681571, 56.729108 ] }, { "date": "2026-06-12", "close": 60.381525, "volume": 5892, "typical_volume": 30392.8, "trend": 56.920414, "fair_value": 51.29598, "relative_strength": -9.879297, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.060138, "energy": 61.150002, "activity_lines": [ 59.012417, 58.563525, 57.068416, 56.963819 ] }, { "date": "2026-06-19", "close": 60.341397, "volume": 3480, "typical_volume": 30028.8, "trend": 57.136442, "fair_value": 51.435931, "relative_strength": -11.887191, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.186137, "energy": 70.414993, "activity_lines": [ 59.568366, 58.965711, 57.442254, 57.184528 ] }, { "date": "2026-06-26", "close": 60.8791, "volume": 7515, "typical_volume": 29865.65, "trend": 57.274302, "fair_value": 51.569924, "relative_strength": -6.612735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.157896, "energy": 79.049173, "activity_lines": [ 60.127351, 59.380371, 57.856184, 57.42599 ] }, { "date": "2026-07-03", "close": 61.5353, "volume": 2550, "typical_volume": 27091.2, "trend": 57.405276, "fair_value": 51.710872, "relative_strength": -6.099284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.134735, "energy": 85.825483, "activity_lines": [ 60.755252, 59.871654, 58.32166, 57.700893 ] }, { "date": "2026-07-10", "close": 62.5604, "volume": 417876, "typical_volume": 47744.95, "trend": 57.544258, "fair_value": 51.846873, "relative_strength": -5.974355, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.494872, "energy": 91.237269, "activity_lines": [ 61.509655, 60.472389, 58.857248, 58.033482 ] }, { "date": "2026-07-17", "close": 62.705, "volume": 24399, "typical_volume": 48407.1, "trend": 57.692596, "fair_value": 51.973357, "relative_strength": -1.457199, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.468448, "energy": 90.454195, "activity_lines": [ 62.031473, 61.013897, 59.376236, 58.366433 ] }, { "date": "2026-07-24", "close": 62.09, "volume": 71759, "typical_volume": 32143.95, "trend": 57.795259, "fair_value": 52.095047, "relative_strength": -0.652151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.114591, "energy": 84.151169, "activity_lines": [ 62.193393, 61.368643, 59.799457, 58.650136 ] }, { "date": "2026-07-31", "close": 62.5874, "volume": 38789, "typical_volume": 32650.35, "trend": 57.942135, "fair_value": 52.221493, "relative_strength": -0.241582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.655026, "energy": 78.898513, "activity_lines": [ 62.40454, 61.733979, 60.229366, 58.959307 ] }, { "date": "2026-08-07", "close": 62.144, "volume": 15615, "typical_volume": 33178.0, "trend": 58.034035, "fair_value": 52.354946, "relative_strength": -5.541291, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.825691, "energy": 58.93319, "activity_lines": [ 62.354, 61.946778, 60.568009, 59.230395 ] } ], "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." } } }