{ "ticker": { "uuid": "99b3f68b-534b-4594-8633-c3e795d42630", "symbol": "FENY", "name": "FIDELITY COVINGTON TRUST MSCI ENERGY INDEX ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 78.979, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 52.166, "architecture_energy": 40.211, "architecture_maturity": 7.35, "architecture_confidence": 60.895, "architecture_tenure": "New", "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": 31.33, "rotation_up": 65.27, "upward_expansion": 74.03, "deceleration": 62.31, "rotation_down": 11.45, "downward_expansion": 5.36 }, "activity_lines": [ 32.392667, 31.660844, 31.577896, 31.525852 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 31.95, "trend_reference": 31.008444, "distance_from_trend": 0.030365, "trend_direction": "Improving", "fair_value": 24.657637, "distance_from_fair_value": 0.295745, "fair_value_direction": "Weakening", "relative_strength": 1.533516, "relative_strength_direction": "Weakening", "price_momentum": 0.098427, "excess_performance": -0.027198, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030365, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.077602, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.295745, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007591, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.015335, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.04599, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.098427, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.675842, "read": "Supply-led" } ], "volume": { "latest": 6565814, "relative_activity": 0.632103, "balance": 0.675842, "dry_up": 0.641176, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.048899, "annualized_volatility": 0.259622, "from_high_reference": -0.087329, "from_low_reference": 0.414784 }, "levels": { "trend_reference": 31.008444, "fair_value_reference": 24.657637, "structural_low": 28.958697, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": 0.002532, "positive_rate": 0.551724, "directional_follow_through": 0.551724, "median_excess_return": -0.016362, "regime_survival": 0.586207, "best_return": 0.136003, "worst_return": -0.185785, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.02443, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": -0.023243, "regime_survival": 0.461538, "best_return": 0.255734, "worst_return": -0.140619, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.037044, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.009379, "regime_survival": 0.25, "best_return": 0.337723, "worst_return": -0.135693, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.128818, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.060178, "regime_survival": 0.5, "best_return": 0.380728, "worst_return": -0.019351, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": 0.067489, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-06-13", "tenure": "Developing", "return": 0.130274, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": -0.03362, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.017471, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": 0.062633, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-24", "tenure": "Developing", "return": 0.020111, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.013486, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": -0.029224, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.019763, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-04-24", "tenure": "Established", "return": 0.208209, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": 0.006379, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.053842, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-07-31", "tenure": "Developing", "return": 0.041753, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.296213, "volume": 3328043, "typical_volume": 3718940.25, "trend": 20.581723, "fair_value": 15.476999, "relative_strength": -0.454272, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.030367, "energy": 82.471289, "activity_lines": [ 22.094573, 21.449306, 20.790373, 20.615429 ] }, { "date": "2023-08-25", "close": 21.985528, "volume": 2105205, "typical_volume": 3645270.85, "trend": 20.57129, "fair_value": 15.567926, "relative_strength": -2.600986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.541388, "energy": 77.295569, "activity_lines": [ 22.135693, 21.640286, 20.928313, 20.705997 ] }, { "date": "2023-09-01", "close": 22.844481, "volume": 2247286, "typical_volume": 3608767.95, "trend": 20.631347, "fair_value": 15.666693, "relative_strength": -1.324135, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.555266, "energy": 81.954668, "activity_lines": [ 22.402821, 21.950888, 21.142673, 20.852655 ] }, { "date": "2023-09-08", "close": 23.127752, "volume": 2160137, "typical_volume": 3576293.95, "trend": 20.66736, "fair_value": 15.77044, "relative_strength": 1.057202, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.380269, "energy": 81.378072, "activity_lines": [ 22.676345, 22.248364, 21.376953, 21.013713 ] }, { "date": "2023-09-15", "close": 23.147856, "volume": 2135435, "typical_volume": 3524183.3, "trend": 20.750087, "fair_value": 15.872847, "relative_strength": 1.198215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.840329, "energy": 76.162845, "activity_lines": [ 22.870067, 22.497162, 21.60185, 21.173745 ] }, { "date": "2023-09-22", "close": 22.59584, "volume": 2469377, "typical_volume": 3339671.8, "trend": 20.810825, "fair_value": 15.975719, "relative_strength": 1.571493, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.20992, "energy": 66.839927, "activity_lines": [ 22.841891, 22.591895, 21.762997, 21.292826 ] }, { "date": "2023-09-29", "close": 22.917849, "volume": 2686690, "typical_volume": 3234417.45, "trend": 20.858976, "fair_value": 16.081708, "relative_strength": 3.597766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.815427, "energy": 56.265138, "activity_lines": [ 22.901077, 22.704008, 21.940783, 21.428763 ] }, { "date": "2023-10-06", "close": 21.703415, "volume": 4196581, "typical_volume": 3246576.5, "trend": 20.909103, "fair_value": 16.177754, "relative_strength": -2.160023, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.440045, "energy": 37.321631, "activity_lines": [ 22.493297, 22.561915, 21.985536, 21.483243 ] }, { "date": "2023-10-13", "close": 22.724644, "volume": 3219070, "typical_volume": 3116881.45, "trend": 21.042394, "fair_value": 16.28124, "relative_strength": 2.100217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.905968, "energy": 32.489172, "activity_lines": [ 22.501998, 22.602239, 22.117381, 21.600374 ] }, { "date": "2023-10-20", "close": 22.853447, "volume": 3796831, "typical_volume": 3137897.5, "trend": 21.165785, "fair_value": 16.385131, "relative_strength": 5.320927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.704469, "energy": 32.750755, "activity_lines": [ 22.580506, 22.649719, 22.245559, 21.717217 ] }, { "date": "2023-10-27", "close": 21.53781, "volume": 3837270, "typical_volume": 3142796.75, "trend": 21.206064, "fair_value": 16.483011, "relative_strength": 1.965351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.702733, "energy": 19.44699, "activity_lines": [ 22.240097, 22.453012, 22.233399, 21.741218 ] }, { "date": "2023-11-03", "close": 22.080625, "volume": 3642165, "typical_volume": 3156970.65, "trend": 21.246922, "fair_value": 16.584055, "relative_strength": -0.884195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.064224, "energy": 17.636359, "activity_lines": [ 22.151161, 22.368787, 22.265887, 21.797642 ] }, { "date": "2023-11-10", "close": 21.160599, "volume": 2914847, "typical_volume": 3129174.0, "trend": 21.240201, "fair_value": 16.67246, "relative_strength": -5.936374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.517636, "energy": 10.849334, "activity_lines": [ 21.811364, 22.115555, 22.200727, 21.792072 ] }, { "date": "2023-11-17", "close": 21.482608, "volume": 6109457, "typical_volume": 3167707.8, "trend": 21.264447, "fair_value": 16.760244, "relative_strength": -6.319687, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.068355, "energy": 18.203532, "activity_lines": [ 21.615092, 21.951487, 22.157327, 21.807711 ] }, { "date": "2023-11-24", "close": 21.565411, "volume": 3733597, "typical_volume": 3252014.2, "trend": 21.289943, "fair_value": 16.844134, "relative_strength": -6.561495, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.337772, "energy": 17.253242, "activity_lines": [ 21.529223, 21.832386, 22.115941, 21.827129 ] }, { "date": "2023-12-01", "close": 21.54701, "volume": 5121555, "typical_volume": 3298010.6, "trend": 21.353177, "fair_value": 16.925431, "relative_strength": -7.130973, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.120822, "energy": 16.701047, "activity_lines": [ 21.523089, 21.73871, 22.066274, 21.843713 ] }, { "date": "2023-12-08", "close": 20.783389, "volume": 6243930, "typical_volume": 3480468.6, "trend": 21.403641, "fair_value": 17.001096, "relative_strength": -10.40873, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.705093, "energy": 35.794035, "activity_lines": [ 21.261802, 21.525264, 21.938093, 21.806953 ] }, { "date": "2023-12-15", "close": 21.280203, "volume": 5026213, "typical_volume": 3563098.65, "trend": 21.4607, "fair_value": 17.082089, "relative_strength": -10.109664, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.770739, "energy": 21.200745, "activity_lines": [ 21.252602, 21.440956, 21.858645, 21.798989 ] }, { "date": "2023-12-22", "close": 21.679265, "volume": 3929538, "typical_volume": 3590241.1, "trend": 21.537402, "fair_value": 17.166757, "relative_strength": -8.885332, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.714734, "energy": 14.989485, "activity_lines": [ 21.368449, 21.4369, 21.818364, 21.81309 ] }, { "date": "2023-12-29", "close": 21.382288, "volume": 2458115, "typical_volume": 3568067.1, "trend": 21.593636, "fair_value": 17.24984, "relative_strength": -10.041477, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.228188, "energy": 17.558541, "activity_lines": [ 21.372193, 21.397855, 21.750517, 21.803083 ] }, { "date": "2024-01-05", "close": 21.558618, "volume": 3410773, "typical_volume": 3572203.6, "trend": 21.643668, "fair_value": 17.328789, "relative_strength": -7.527822, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.023005, "energy": 7.926997, "activity_lines": [ 21.446922, 21.417618, 21.705166, 21.800824 ] }, { "date": "2024-01-12", "close": 21.066751, "volume": 5151197, "typical_volume": 3724503.2, "trend": 21.680052, "fair_value": 17.402403, "relative_strength": -10.894104, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.771342, "energy": 12.68015, "activity_lines": [ 21.356922, 21.347572, 21.616482, 21.763603 ] }, { "date": "2024-01-19", "close": 20.435677, "volume": 3342456, "typical_volume": 3779261.7, "trend": 21.718245, "fair_value": 17.47309, "relative_strength": -14.116631, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.084111, "energy": 48.699926, "activity_lines": [ 21.037672, 21.18122, 21.472071, 21.683321 ] }, { "date": "2024-01-26", "close": 21.465813, "volume": 3057960, "typical_volume": 3824152.85, "trend": 21.758794, "fair_value": 17.554156, "relative_strength": -10.29755, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.465054, "energy": 37.712629, "activity_lines": [ 21.118103, 21.215346, 21.437238, 21.667035 ] }, { "date": "2024-02-02", "close": 21.159556, "volume": 3733852, "typical_volume": 3904073.7, "trend": 21.790962, "fair_value": 17.628472, "relative_strength": -12.509925, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.814977, "energy": 39.185023, "activity_lines": [ 21.110679, 21.194094, 21.381153, 21.628374 ] }, { "date": "2024-02-09", "close": 21.150276, "volume": 4090384, "typical_volume": 3985124.05, "trend": 21.818252, "fair_value": 17.699644, "relative_strength": -13.312109, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.909306, "energy": 34.731237, "activity_lines": [ 21.11501, 21.178534, 21.333651, 21.58704 ] }, { "date": "2024-02-16", "close": 21.762789, "volume": 12455481, "typical_volume": 4473563.6, "trend": 21.840982, "fair_value": 17.772721, "relative_strength": -10.217769, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.465922, "energy": 14.015025, "activity_lines": [ 21.350735, 21.281553, 21.351368, 21.583462 ] }, { "date": "2024-02-23", "close": 21.874155, "volume": 2834290, "typical_volume": 4405449.05, "trend": 21.852651, "fair_value": 17.843853, "relative_strength": -10.882225, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.876513, "energy": 9.003316, "activity_lines": [ 21.577179, 21.387013, 21.385191, 21.585602 ] }, { "date": "2024-03-01", "close": 22.198973, "volume": 2982056, "typical_volume": 4393598.35, "trend": 21.864944, "fair_value": 17.90994, "relative_strength": -10.059337, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.413052, "energy": 16.007856, "activity_lines": [ 21.815997, 21.540732, 21.449137, 21.607945 ] }, { "date": "2024-03-08", "close": 22.430986, "volume": 3822453, "typical_volume": 4394879.45, "trend": 21.859994, "fair_value": 17.976504, "relative_strength": -8.578545, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.395233, "energy": 38.534702, "activity_lines": [ 22.083276, 21.727186, 21.537682, 21.644464 ] }, { "date": "2024-03-15", "close": 23.251382, "volume": 2449868, "typical_volume": 4325509.35, "trend": 21.891833, "fair_value": 18.054007, "relative_strength": -5.062161, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.475518, "energy": 62.807243, "activity_lines": [ 22.539258, 22.043735, 21.706371, 21.734231 ] }, { "date": "2024-03-22", "close": 23.653235, "volume": 3072663, "typical_volume": 4297034.25, "trend": 21.947423, "fair_value": 18.132366, "relative_strength": -5.38925, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.019668, "energy": 74.897393, "activity_lines": [ 22.989117, 22.402572, 21.905173, 21.84787 ] }, { "date": "2024-03-29", "close": 24.176578, "volume": 4560174, "typical_volume": 4379300.6, "trend": 21.991827, "fair_value": 18.214188, "relative_strength": -3.478791, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.261511, "energy": 81.619514, "activity_lines": [ 23.487395, 22.809534, 22.146328, 21.991686 ] }, { "date": "2024-04-05", "close": 25.111119, "volume": 4733133, "typical_volume": 4310484.4, "trend": 22.057939, "fair_value": 18.305225, "relative_strength": 1.282566, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 92.06983, "energy": 96.264521, "activity_lines": [ 24.143691, 23.318397, 22.462125, 22.192931 ] }, { "date": "2024-04-12", "close": 24.606467, "volume": 3695886, "typical_volume": 4308598.85, "trend": 22.106559, "fair_value": 18.392704, "relative_strength": 0.897413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.55582, "energy": 90.13735, "activity_lines": [ 24.437626, 23.669226, 22.712582, 22.357352 ] }, { "date": "2024-04-19", "close": 24.298068, "volume": 4080668, "typical_volume": 4256554.5, "trend": 22.1633, "fair_value": 18.479443, "relative_strength": 2.873368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.823471, "energy": 86.935391, "activity_lines": [ 24.48373, 23.901312, 22.919186, 22.49874 ] }, { "date": "2024-04-26", "close": 24.531704, "volume": 2341358, "typical_volume": 4061425.9, "trend": 22.217095, "fair_value": 18.5651, "relative_strength": 1.286512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.206884, "energy": 82.347883, "activity_lines": [ 24.537934, 24.118645, 23.134941, 22.65154 ] }, { "date": "2024-05-03", "close": 23.718653, "volume": 2620836, "typical_volume": 3941157.05, "trend": 22.28427, "fair_value": 18.639148, "relative_strength": -2.57507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.78823, "energy": 55.667117, "activity_lines": [ 24.262556, 24.137806, 23.255413, 22.748415 ] }, { "date": "2024-05-10", "close": 24.055088, "volume": 1760438, "typical_volume": 3832702.05, "trend": 22.328618, "fair_value": 18.715514, "relative_strength": -2.953354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.535394, "energy": 43.75743, "activity_lines": [ 24.129851, 24.184601, 23.396315, 22.862661 ] }, { "date": "2024-05-17", "close": 24.363486, "volume": 1818198, "typical_volume": 3800706.2, "trend": 22.378953, "fair_value": 18.795577, "relative_strength": -3.252486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.890698, "energy": 42.520783, "activity_lines": [ 24.170348, 24.25372, 23.555274, 22.993943 ] }, { "date": "2024-05-24", "close": 23.503708, "volume": 2792704, "typical_volume": 3769802.75, "trend": 22.444483, "fair_value": 18.870075, "relative_strength": -6.573685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.89601, "energy": 28.653168, "activity_lines": [ 23.940451, 24.13138, 23.618154, 23.066508 ] }, { "date": "2024-05-31", "close": 23.980324, "volume": 2019974, "typical_volume": 3613241.6, "trend": 22.507806, "fair_value": 18.942253, "relative_strength": -4.25756, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.330777, "energy": 28.33741, "activity_lines": [ 23.922383, 24.09111, 23.717164, 23.165594 ] }, { "date": "2024-06-07", "close": 23.101856, "volume": 3052765, "typical_volume": 3598757.05, "trend": 22.572515, "fair_value": 19.008907, "relative_strength": -8.761201, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.609678, "energy": 18.223127, "activity_lines": [ 23.648251, 23.885171, 23.718636, 23.20392 ] }, { "date": "2024-06-14", "close": 22.634585, "volume": 2340850, "typical_volume": 3562901.55, "trend": 22.610914, "fair_value": 19.076984, "relative_strength": -11.899393, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.915067, "energy": 15.842248, "activity_lines": [ 23.259482, 23.613814, 23.66291, 23.207925 ] }, { "date": "2024-06-21", "close": 23.040176, "volume": 1508672, "typical_volume": 3451642.55, "trend": 22.660073, "fair_value": 19.142509, "relative_strength": -10.790876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.311171, "energy": 18.028204, "activity_lines": [ 23.10061, 23.461229, 23.640245, 23.235619 ] }, { "date": "2024-06-28", "close": 23.623948, "volume": 1921663, "typical_volume": 3343206.5, "trend": 22.729304, "fair_value": 19.212752, "relative_strength": -8.373565, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.120843, "energy": 16.759673, "activity_lines": [ 23.224549, 23.443263, 23.664223, 23.297804 ] }, { "date": "2024-07-05", "close": 23.360309, "volume": 1253234, "typical_volume": 2783094.15, "trend": 22.815201, "fair_value": 19.283963, "relative_strength": -10.932757, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.884634, "energy": 13.799708, "activity_lines": [ 23.252593, 23.389618, 23.651313, 23.338514 ] }, { "date": "2024-07-12", "close": 23.548623, "volume": 2362020, "typical_volume": 2759480.65, "trend": 22.890815, "fair_value": 19.362835, "relative_strength": -10.933518, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.515728, "energy": 7.438787, "activity_lines": [ 23.384742, 23.391511, 23.648731, 23.385832 ] }, { "date": "2024-07-19", "close": 24.000576, "volume": 2988490, "typical_volume": 2759802.35, "trend": 22.968192, "fair_value": 19.444713, "relative_strength": -7.270862, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.872042, "energy": 22.823481, "activity_lines": [ 23.637758, 23.478668, 23.681218, 23.457429 ] }, { "date": "2024-07-26", "close": 23.915835, "volume": 3331235, "typical_volume": 2735241.45, "trend": 23.052644, "fair_value": 19.524908, "relative_strength": -6.679801, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.577445, "energy": 23.894004, "activity_lines": [ 23.771461, 23.551409, 23.697055, 23.518568 ] }, { "date": "2024-08-02", "close": 22.861278, "volume": 4563195, "typical_volume": 2840907.8, "trend": 23.096066, "fair_value": 19.59829, "relative_strength": -8.614862, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.336728, "energy": 9.996784, "activity_lines": [ 23.495268, 23.440552, 23.605387, 23.506221 ] }, { "date": "2024-08-09", "close": 23.087255, "volume": 3335832, "typical_volume": 2854066.25, "trend": 23.163416, "fair_value": 19.673499, "relative_strength": -7.421358, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.880117, "energy": 4.980147, "activity_lines": [ 23.345244, 23.382462, 23.537099, 23.505653 ] }, { "date": "2024-08-16", "close": 23.397972, "volume": 2154078, "typical_volume": 2733761.45, "trend": 23.262159, "fair_value": 19.755799, "relative_strength": -9.427216, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.812465, "energy": 7.738101, "activity_lines": [ 23.316997, 23.397103, 23.501098, 23.520786 ] }, { "date": "2024-08-23", "close": 23.388556, "volume": 2420452, "typical_volume": 2618127.4, "trend": 23.326251, "fair_value": 19.83256, "relative_strength": -10.387902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.416208, "energy": 14.825459, "activity_lines": [ 23.295655, 23.404649, 23.467908, 23.52894 ] }, { "date": "2024-08-30", "close": 23.57687, "volume": 2199081, "typical_volume": 2543287.15, "trend": 23.406828, "fair_value": 19.911179, "relative_strength": -9.558279, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.090415, "energy": 7.57166, "activity_lines": [ 23.377885, 23.432724, 23.460856, 23.545109 ] }, { "date": "2024-09-06", "close": 22.164518, "volume": 7702395, "typical_volume": 2724373.5, "trend": 23.440636, "fair_value": 19.981938, "relative_strength": -10.876005, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.613342, "energy": 35.883052, "activity_lines": [ 23.011929, 23.194251, 23.324196, 23.46496 ] }, { "date": "2024-09-13", "close": 22.079776, "volume": 3816713, "typical_volume": 2798141.25, "trend": 23.451202, "fair_value": 20.049974, "relative_strength": -14.153811, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.856031, "energy": 58.831163, "activity_lines": [ 22.664176, 22.966905, 23.189626, 23.377163 ] }, { "date": "2024-09-20", "close": 22.980857, "volume": 3212291, "typical_volume": 2827714.0, "trend": 23.488092, "fair_value": 20.120384, "relative_strength": -11.42844, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.647237, "energy": 50.559394, "activity_lines": [ 22.683949, 22.926674, 23.152548, 23.346818 ] }, { "date": "2024-09-27", "close": 22.714963, "volume": 3982729, "typical_volume": 2938828.55, "trend": 23.505292, "fair_value": 20.184483, "relative_strength": -12.40827, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.224694, "energy": 52.673511, "activity_lines": [ 22.642898, 22.848422, 23.093661, 23.296939 ] }, { "date": "2024-10-04", "close": 24.28184, "volume": 5104503, "typical_volume": 3103143.8, "trend": 23.566987, "fair_value": 20.254622, "relative_strength": -6.262026, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.869516, "energy": 7.865609, "activity_lines": [ 23.169046, 23.078432, 23.190381, 23.347039 ] }, { "date": "2024-10-11", "close": 24.20587, "volume": 3581868, "typical_volume": 3142602.0, "trend": 23.598803, "fair_value": 20.323121, "relative_strength": -7.160759, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.610674, "energy": 18.442144, "activity_lines": [ 23.622873, 23.287974, 23.280256, 23.388257 ] }, { "date": "2024-10-18", "close": 23.522142, "volume": 3055313, "typical_volume": 3194368.95, "trend": 23.594433, "fair_value": 20.386251, "relative_strength": -9.988432, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.580017, "energy": 17.428307, "activity_lines": [ 23.7127, 23.348755, 23.301669, 23.383311 ] }, { "date": "2024-10-25", "close": 23.398691, "volume": 3073079, "typical_volume": 3195384.65, "trend": 23.568504, "fair_value": 20.449467, "relative_strength": -9.104213, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.42068, "energy": 18.885526, "activity_lines": [ 23.665218, 23.379183, 23.313507, 23.370682 ] }, { "date": "2024-11-01", "close": 22.914384, "volume": 4792057, "typical_volume": 3317945.0, "trend": 23.495279, "fair_value": 20.508097, "relative_strength": -9.292887, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.950102, "energy": 13.379734, "activity_lines": [ 23.428446, 23.321542, 23.277808, 23.328481 ] }, { "date": "2024-11-08", "close": 24.519245, "volume": 3799962, "typical_volume": 3432509.5, "trend": 23.492372, "fair_value": 20.578386, "relative_strength": -7.034574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.386727, "energy": 15.19384, "activity_lines": [ 23.713333, 23.564315, 23.393619, 23.394544 ] }, { "date": "2024-11-15", "close": 24.671185, "volume": 2990190, "typical_volume": 3485935.85, "trend": 23.504809, "fair_value": 20.654257, "relative_strength": -4.213575, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.188852, "energy": 32.098554, "activity_lines": [ 24.033039, 23.81758, 23.516858, 23.470596 ] }, { "date": "2024-11-22", "close": 25.554333, "volume": 2732863, "typical_volume": 3559917.3, "trend": 23.538897, "fair_value": 20.734582, "relative_strength": -2.192826, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.72356, "energy": 67.471864, "activity_lines": [ 24.616107, 24.185841, 23.71922, 23.602823 ] }, { "date": "2024-11-29", "close": 25.070026, "volume": 1512530, "typical_volume": 3517442.8, "trend": 23.583942, "fair_value": 20.812899, "relative_strength": -4.919048, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.172546, "energy": 71.266932, "activity_lines": [ 24.902259, 24.402873, 23.865009, 23.701606 ] }, { "date": "2024-12-06", "close": 23.882998, "volume": 2051022, "typical_volume": 3470569.4, "trend": 23.578206, "fair_value": 20.880152, "relative_strength": -9.948395, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.760278, "energy": 61.956673, "activity_lines": [ 24.681314, 24.366097, 23.890503, 23.7209 ] }, { "date": "2024-12-13", "close": 23.493653, "volume": 3110622, "typical_volume": 3459538.75, "trend": 23.549212, "fair_value": 20.949418, "relative_strength": -10.61732, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.419268, "energy": 30.223639, "activity_lines": [ 24.266012, 24.237294, 23.879477, 23.715445 ] }, { "date": "2024-12-20", "close": 22.156585, "volume": 4473984, "typical_volume": 3455078.2, "trend": 23.504308, "fair_value": 21.008175, "relative_strength": -13.790296, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -17.622227, "energy": 19.320796, "activity_lines": [ 23.473394, 23.879718, 23.743121, 23.625598 ] }, { "date": "2024-12-27", "close": 22.481714, "volume": 3494713, "typical_volume": 3463022.25, "trend": 23.454354, "fair_value": 21.068241, "relative_strength": -12.792652, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -26.663682, "energy": 33.861913, "activity_lines": [ 22.956793, 23.618516, 23.641086, 23.559624 ] }, { "date": "2025-01-03", "close": 23.313662, "volume": 4079212, "typical_volume": 3559278.95, "trend": 23.461414, "fair_value": 21.125114, "relative_strength": -8.803355, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.153903, "energy": 31.764384, "activity_lines": [ 22.922348, 23.527494, 23.621167, 23.550547 ] }, { "date": "2025-01-10", "close": 23.543165, "volume": 4360158, "typical_volume": 3656264.25, "trend": 23.4917, "fair_value": 21.17853, "relative_strength": -5.911352, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.454759, "energy": 29.032665, "activity_lines": [ 23.081496, 23.479746, 23.623507, 23.555821 ] }, { "date": "2025-01-17", "close": 25.015808, "volume": 3580441, "typical_volume": 3725332.25, "trend": 23.557555, "fair_value": 21.245372, "relative_strength": -2.840038, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.316616, "energy": 18.997508, "activity_lines": [ 23.75418, 23.688319, 23.765363, 23.654151 ] }, { "date": "2025-01-24", "close": 24.260361, "volume": 5588134, "typical_volume": 3619619.2, "trend": 23.578768, "fair_value": 21.302666, "relative_strength": -7.189694, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.514985, "energy": 28.280841, "activity_lines": [ 24.073571, 23.75051, 23.828419, 23.699493 ] }, { "date": "2025-01-31", "close": 23.265849, "volume": 3909886, "typical_volume": 3624277.85, "trend": 23.57562, "fair_value": 21.348657, "relative_strength": -9.89564, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.973287, "energy": 20.602463, "activity_lines": [ 23.921207, 23.639349, 23.78678, 23.679305 ] }, { "date": "2025-02-07", "close": 23.447539, "volume": 3581609, "typical_volume": 3642743.75, "trend": 23.57225, "fair_value": 21.393708, "relative_strength": -8.881717, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.558803, "energy": 18.837776, "activity_lines": [ 23.77713, 23.602833, 23.756796, 23.671042 ] }, { "date": "2025-02-14", "close": 23.791793, "volume": 2520876, "typical_volume": 3569651.1, "trend": 23.565291, "fair_value": 21.444621, "relative_strength": -8.688828, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.676578, "energy": 11.075387, "activity_lines": [ 23.73888, 23.658407, 23.757376, 23.685206 ] }, { "date": "2025-02-21", "close": 23.92567, "volume": 2387678, "typical_volume": 3433809.85, "trend": 23.565619, "fair_value": 21.494841, "relative_strength": -6.523693, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.036967, "energy": 11.713575, "activity_lines": [ 23.72868, 23.739981, 23.765579, 23.708456 ] }, { "date": "2025-02-28", "close": 23.839606, "volume": 3147139, "typical_volume": 3412073.4, "trend": 23.59823, "fair_value": 21.534323, "relative_strength": -5.799148, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.410553, "energy": 11.849528, "activity_lines": [ 23.762468, 23.798052, 23.767281, 23.726133 ] }, { "date": "2025-03-07", "close": 22.816406, "volume": 8788194, "typical_volume": 3698717.45, "trend": 23.589201, "fair_value": 21.565141, "relative_strength": -6.7826, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.384673, "energy": 13.582744, "activity_lines": [ 23.483239, 23.639487, 23.67328, 23.675692 ] }, { "date": "2025-03-14", "close": 23.447539, "volume": 7964078, "typical_volume": 3943267.4, "trend": 23.590853, "fair_value": 21.604008, "relative_strength": -1.777733, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.737664, "energy": 14.341812, "activity_lines": [ 23.444351, 23.589587, 23.642747, 23.666553 ] }, { "date": "2025-03-21", "close": 24.192467, "volume": 7281747, "typical_volume": 4067751.9, "trend": 23.61765, "fair_value": 21.638326, "relative_strength": 0.969147, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.822668, "energy": 10.16066, "activity_lines": [ 23.653773, 23.672695, 23.682927, 23.705367 ] }, { "date": "2025-03-28", "close": 24.356255, "volume": 8547576, "typical_volume": 4305132.6, "trend": 23.64363, "fair_value": 21.676263, "relative_strength": 3.313885, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.621095, "energy": 20.940678, "activity_lines": [ 23.891079, 23.773777, 23.73262, 23.753019 ] }, { "date": "2025-04-04", "close": 20.78182, "volume": 10776844, "typical_volume": 4694465.3, "trend": 23.59754, "fair_value": 21.687993, "relative_strength": -2.709346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.765366, "energy": 49.896794, "activity_lines": [ 22.9082, 23.236954, 23.442666, 23.568386 ] }, { "date": "2025-04-11", "close": 20.801089, "volume": 18652506, "typical_volume": 5490447.45, "trend": 23.554917, "fair_value": 21.698897, "relative_strength": -7.432628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.296317, "energy": 66.28992, "activity_lines": [ 22.135598, 22.76688, 23.173069, 23.387969 ] }, { "date": "2025-04-18", "close": 21.533318, "volume": 6984400, "typical_volume": 5764040.95, "trend": 23.506666, "fair_value": 21.720413, "relative_strength": -2.411505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.734853, "energy": 69.712219, "activity_lines": [ 21.741426, 22.474753, 22.995842, 23.257544 ] }, { "date": "2025-04-25", "close": 21.764549, "volume": 6437549, "typical_volume": 5983367.3, "trend": 23.474985, "fair_value": 21.745141, "relative_strength": -5.297544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.230361, "energy": 71.041173, "activity_lines": [ 21.551945, 22.259471, 22.857479, 23.145149 ] }, { "date": "2025-05-02", "close": 21.72601, "volume": 4889657, "typical_volume": 6072319.05, "trend": 23.389791, "fair_value": 21.758736, "relative_strength": -7.786719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.888915, "energy": 64.686719, "activity_lines": [ 21.51148, 22.074042, 22.725533, 23.032312 ] }, { "date": "2025-05-09", "close": 21.889798, "volume": 4850947, "typical_volume": 6091167.2, "trend": 23.312589, "fair_value": 21.777513, "relative_strength": -6.34727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.817674, "energy": 39.503428, "activity_lines": [ 21.70096, 21.958386, 22.617603, 22.935538 ] }, { "date": "2025-05-16", "close": 22.660566, "volume": 4489215, "typical_volume": 6140892.3, "trend": 23.283869, "fair_value": 21.799555, "relative_strength": -7.558315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.253932, "energy": 24.866071, "activity_lines": [ 22.073498, 22.018321, 22.58435, 22.893472 ] }, { "date": "2025-05-23", "close": 21.764549, "volume": 4852527, "typical_volume": 6179558.05, "trend": 23.229398, "fair_value": 21.804743, "relative_strength": -8.585766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.670691, "energy": 23.541925, "activity_lines": [ 22.023398, 21.918177, 22.464911, 22.795452 ] }, { "date": "2025-05-30", "close": 21.668203, "volume": 6918453, "typical_volume": 6307472.8, "trend": 23.187859, "fair_value": 21.807415, "relative_strength": -10.187735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.570405, "energy": 23.136476, "activity_lines": [ 21.925768, 21.831115, 22.343672, 22.694729 ] }, { "date": "2025-06-06", "close": 22.236644, "volume": 9420904, "typical_volume": 6599495.95, "trend": 23.111772, "fair_value": 21.81496, "relative_strength": -9.045376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.317542, "energy": 20.435915, "activity_lines": [ 22.024041, 21.893302, 22.285499, 22.633361 ] }, { "date": "2025-06-13", "close": 23.489141, "volume": 19965968, "typical_volume": 7318387.65, "trend": 23.072371, "fair_value": 21.853993, "relative_strength": -3.446594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.725647, "energy": 9.431215, "activity_lines": [ 22.50577, 22.221754, 22.359846, 22.657707 ] }, { "date": "2025-06-20", "close": 23.70881, "volume": 14928632, "typical_volume": 7869324.95, "trend": 23.010853, "fair_value": 21.896296, "relative_strength": -2.251431, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.553424, "energy": 12.168723, "activity_lines": [ 22.9541, 22.540922, 22.458786, 22.698768 ] }, { "date": "2025-06-27", "close": 22.911712, "volume": 22303268, "typical_volume": 8805407.9, "trend": 22.938909, "fair_value": 21.932248, "relative_strength": -8.418351, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.070745, "energy": 18.246736, "activity_lines": [ 23.066848, 22.662295, 22.479702, 22.692371 ] }, { "date": "2025-07-04", "close": 23.368585, "volume": 17155233, "typical_volume": 9537125.75, "trend": 22.921762, "fair_value": 21.973612, "relative_strength": -7.920654, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.970283, "energy": 30.858011, "activity_lines": [ 23.255409, 22.841675, 22.546682, 22.720092 ] }, { "date": "2025-07-11", "close": 23.922666, "volume": 17392676, "typical_volume": 10287375.65, "trend": 22.936063, "fair_value": 22.021743, "relative_strength": -5.288329, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.260649, "energy": 50.039865, "activity_lines": [ 23.515304, 23.092632, 22.668447, 22.784667 ] }, { "date": "2025-07-18", "close": 23.125567, "volume": 20129960, "typical_volume": 11136516.7, "trend": 22.968362, "fair_value": 22.060646, "relative_strength": -8.700514, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.725944, "energy": 35.000424, "activity_lines": [ 23.397099, 23.158723, 22.714311, 22.796893 ] }, { "date": "2025-07-25", "close": 23.368585, "volume": 18771099, "typical_volume": 11635661.95, "trend": 22.997924, "fair_value": 22.089315, "relative_strength": -8.780944, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.359771, "energy": 29.713476, "activity_lines": [ 23.384138, 23.24653, 22.786721, 22.822714 ] }, { "date": "2025-08-01", "close": 22.960315, "volume": 16091749, "typical_volume": 12042045.5, "trend": 22.986146, "fair_value": 22.123379, "relative_strength": -7.870982, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 13.04889, "energy": 14.785839, "activity_lines": [ 23.257769, 23.247233, 22.817618, 22.820287 ] }, { "date": "2025-08-08", "close": 22.814505, "volume": 22748407, "typical_volume": 12815378.5, "trend": 22.961858, "fair_value": 22.147707, "relative_strength": -10.330931, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.909977, "energy": 7.554651, "activity_lines": [ 23.079556, 23.199685, 22.836949, 22.809214 ] }, { "date": "2025-08-15", "close": 22.940874, "volume": 19733578, "typical_volume": 13374678.6, "trend": 22.892693, "fair_value": 22.171208, "relative_strength": -10.405897, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.714093, "energy": 7.131013, "activity_lines": [ 22.980405, 23.15427, 22.874877, 22.80786 ] }, { "date": "2025-08-22", "close": 23.650486, "volume": 18610230, "typical_volume": 13766347.9, "trend": 22.872364, "fair_value": 22.194068, "relative_strength": -7.657932, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.94698, "energy": 10.053146, "activity_lines": [ 23.183244, 23.225072, 22.987126, 22.85675 ] }, { "date": "2025-08-29", "close": 24.243449, "volume": 14494617, "typical_volume": 13558453.45, "trend": 22.904951, "fair_value": 22.225017, "relative_strength": -5.085561, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.510004, "energy": 44.827762, "activity_lines": [ 23.548742, 23.400752, 23.142188, 22.945207 ] }, { "date": "2025-09-05", "close": 23.504675, "volume": 16051319, "typical_volume": 14011799.4, "trend": 22.906855, "fair_value": 22.250271, "relative_strength": -8.056518, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.110201, "energy": 44.590291, "activity_lines": [ 23.609659, 23.432388, 23.210498, 22.983899 ] }, { "date": "2025-09-12", "close": 23.825458, "volume": 19015224, "typical_volume": 14640683.15, "trend": 22.907977, "fair_value": 22.280859, "relative_strength": -8.085319, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.17053, "energy": 55.121226, "activity_lines": [ 23.741212, 23.511568, 23.299972, 23.043164 ] }, { "date": "2025-09-19", "close": 23.820598, "volume": 20731367, "typical_volume": 15432768.65, "trend": 22.904475, "fair_value": 22.323049, "relative_strength": -9.002332, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.022488, "energy": 52.87283, "activity_lines": [ 23.803749, 23.581557, 23.379169, 23.102042 ] }, { "date": "2025-09-26", "close": 24.947447, "volume": 11756647, "typical_volume": 15778053.65, "trend": 22.941403, "fair_value": 22.369725, "relative_strength": -4.30866, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.2323, "energy": 63.764935, "activity_lines": [ 24.183253, 23.858283, 23.555711, 23.233847 ] }, { "date": "2025-10-03", "close": 24.173351, "volume": 20628380, "typical_volume": 16585011.9, "trend": 22.986634, "fair_value": 22.396271, "relative_strength": -7.997765, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.968474, "energy": 55.144541, "activity_lines": [ 24.218262, 23.96114, 23.643969, 23.313327 ] }, { "date": "2025-10-10", "close": 23.173885, "volume": 13378429, "typical_volume": 17011307.0, "trend": 22.977513, "fair_value": 22.418748, "relative_strength": -9.313725, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.459116, "energy": 31.092374, "activity_lines": [ 23.924788, 23.867644, 23.629836, 23.325408 ] }, { "date": "2025-10-17", "close": 23.36006, "volume": 12229482, "typical_volume": 17276858.45, "trend": 22.949766, "fair_value": 22.43261, "relative_strength": -9.903233, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.358969, "energy": 22.730212, "activity_lines": [ 23.715426, 23.804114, 23.626723, 23.350089 ] }, { "date": "2025-10-24", "close": 23.977377, "volume": 25484972, "typical_volume": 18080061.85, "trend": 22.937136, "fair_value": 22.446781, "relative_strength": -9.032024, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.281482, "energy": 18.419057, "activity_lines": [ 23.742862, 23.842905, 23.674345, 23.416386 ] }, { "date": "2025-10-31", "close": 23.977377, "volume": 21864523, "typical_volume": 18174989.6, "trend": 23.043655, "fair_value": 22.457131, "relative_strength": -9.429241, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.826616, "energy": 19.147415, "activity_lines": [ 23.759846, 23.86285, 23.713678, 23.483498 ] }, { "date": "2025-11-07", "close": 24.300734, "volume": 20428164, "typical_volume": 18449966.2, "trend": 23.16031, "fair_value": 22.466931, "relative_strength": -6.446458, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.250503, "energy": 27.302138, "activity_lines": [ 23.949288, 23.935644, 23.781483, 23.5646 ] }, { "date": "2025-11-14", "close": 24.918051, "volume": 22009050, "typical_volume": 18435255.3, "trend": 23.273134, "fair_value": 22.483368, "relative_strength": -3.94238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.755571, "energy": 50.920672, "activity_lines": [ 24.336009, 24.119636, 23.90526, 23.678003 ] }, { "date": "2025-11-21", "close": 24.232143, "volume": 22146619, "typical_volume": 18684824.6, "trend": 23.355387, "fair_value": 22.494839, "relative_strength": -4.440911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.52643, "energy": 46.646307, "activity_lines": [ 24.377817, 24.153219, 23.95416, 23.739875 ] }, { "date": "2025-11-28", "close": 24.584895, "volume": 13548567, "typical_volume": 18492619.15, "trend": 23.450684, "fair_value": 22.511307, "relative_strength": -6.218137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.489259, "energy": 51.38797, "activity_lines": [ 24.47907, 24.243545, 24.032542, 23.819198 ] }, { "date": "2025-12-05", "close": 25.006239, "volume": 17738516, "typical_volume": 18373046.95, "trend": 23.554565, "fair_value": 22.542964, "relative_strength": -4.773268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.357124, "energy": 58.363687, "activity_lines": [ 24.680269, 24.396583, 24.147899, 23.919556 ] }, { "date": "2025-12-12", "close": 24.712278, "volume": 26470850, "typical_volume": 18758034.5, "trend": 23.622955, "fair_value": 22.569994, "relative_strength": -5.202357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.344412, "energy": 41.50621, "activity_lines": [ 24.714891, 24.495104, 24.226304, 23.994247 ] }, { "date": "2025-12-19", "close": 23.95288, "volume": 32042331, "typical_volume": 19555563.6, "trend": 23.6959, "fair_value": 22.586866, "relative_strength": -8.100703, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.854298, "energy": 28.338504, "activity_lines": [ 24.468944, 24.445754, 24.225987, 24.015533 ] }, { "date": "2025-12-26", "close": 24.189842, "volume": 11119310, "typical_volume": 18974108.75, "trend": 23.779954, "fair_value": 22.604854, "relative_strength": -8.35182, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.791499, "energy": 21.198501, "activity_lines": [ 24.366329, 24.425325, 24.243511, 24.0474 ] }, { "date": "2026-01-02", "close": 24.979714, "volume": 14782466, "typical_volume": 18726553.15, "trend": 23.87139, "fair_value": 22.628711, "relative_strength": -4.21203, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.045231, "energy": 25.372779, "activity_lines": [ 24.529825, 24.533422, 24.329712, 24.124804 ] }, { "date": "2026-01-09", "close": 25.473385, "volume": 43019039, "typical_volume": 19946993.6, "trend": 23.937531, "fair_value": 22.651248, "relative_strength": -3.642778, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.543543, "energy": 37.489404, "activity_lines": [ 24.831556, 24.713052, 24.45322, 24.228158 ] }, { "date": "2026-01-16", "close": 26.134903, "volume": 44546484, "typical_volume": 21449586.95, "trend": 24.018401, "fair_value": 22.677105, "relative_strength": -0.566777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.439636, "energy": 70.134374, "activity_lines": [ 25.322651, 24.985759, 24.63105, 24.369924 ] }, { "date": "2026-01-23", "close": 26.905028, "volume": 20722518, "typical_volume": 21683146.9, "trend": 24.151512, "fair_value": 22.706634, "relative_strength": 2.793583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.5517, "energy": 84.660509, "activity_lines": [ 25.975612, 25.36514, 24.873218, 24.556158 ] }, { "date": "2026-01-30", "close": 27.921989, "volume": 28293516, "typical_volume": 22147061.5, "trend": 24.303292, "fair_value": 22.750731, "relative_strength": 6.189914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.488916, "energy": 92.529667, "activity_lines": [ 26.77075, 25.893296, 25.196047, 24.799415 ] }, { "date": "2026-02-06", "close": 29.087051, "volume": 31336373, "typical_volume": 22677311.8, "trend": 24.475438, "fair_value": 22.795858, "relative_strength": 10.689597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.926914, "energy": 96.549474, "activity_lines": [ 27.705432, 26.566193, 25.610327, 25.108044 ] }, { "date": "2026-02-13", "close": 29.689329, "volume": 19751363, "typical_volume": 23077047.6, "trend": 24.69423, "fair_value": 22.853699, "relative_strength": 14.216577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.498083, "energy": 96.166035, "activity_lines": [ 28.567052, 27.266739, 26.056889, 25.444424 ] }, { "date": "2026-02-20", "close": 30.034898, "volume": 12756439, "typical_volume": 22683450.55, "trend": 24.916441, "fair_value": 22.913066, "relative_strength": 14.073724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.286669, "energy": 94.426013, "activity_lines": [ 29.262798, 27.944967, 26.513781, 25.788984 ] }, { "date": "2026-02-27", "close": 30.607555, "volume": 14400792, "typical_volume": 22734568.7, "trend": 25.171349, "fair_value": 22.971619, "relative_strength": 16.595243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.197082, "energy": 93.973121, "activity_lines": [ 29.88943, 28.630541, 26.997301, 26.156152 ] }, { "date": "2026-03-06", "close": 30.972871, "volume": 40348059, "typical_volume": 24140497.55, "trend": 25.443294, "fair_value": 23.040678, "relative_strength": 20.014235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.531962, "energy": 92.311274, "activity_lines": [ 30.390999, 29.261541, 27.480214, 26.530444 ] }, { "date": "2026-03-13", "close": 31.585022, "volume": 26137322, "typical_volume": 24173115.05, "trend": 25.731432, "fair_value": 23.123108, "relative_strength": 23.906758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.630741, "energy": 85.777893, "activity_lines": [ 30.893226, 29.880514, 27.985175, 26.926685 ] }, { "date": "2026-03-20", "close": 32.569401, "volume": 15732753, "typical_volume": 23866526.55, "trend": 26.02873, "fair_value": 23.209119, "relative_strength": 29.669549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.75245, "energy": 80.466034, "activity_lines": [ 31.557048, 30.558368, 28.54766, 27.367844 ] }, { "date": "2026-03-27", "close": 34.54541, "volume": 20191517, "typical_volume": 23854694.2, "trend": 26.372128, "fair_value": 23.300247, "relative_strength": 39.972361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.020613, "energy": 76.73878, "activity_lines": [ 32.687534, 31.466478, 29.257422, 27.917307 ] }, { "date": "2026-04-03", "close": 32.807713, "volume": 25148402, "typical_volume": 24011661.8, "trend": 26.682229, "fair_value": 23.376868, "relative_strength": 27.992273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.908197, "energy": 67.409637, "activity_lines": [ 32.938088, 31.905725, 29.752904, 28.332506 ] }, { "date": "2026-04-10", "close": 31.596291, "volume": 14896639, "typical_volume": 23649162.8, "trend": 26.941257, "fair_value": 23.442471, "relative_strength": 18.565213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.688643, "energy": 65.149975, "activity_lines": [ 32.638157, 32.017391, 30.095444, 28.649542 ] }, { "date": "2026-04-17", "close": 30.474235, "volume": 13324290, "typical_volume": 23637948.95, "trend": 27.163045, "fair_value": 23.504772, "relative_strength": 9.331819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.458466, "energy": 54.321642, "activity_lines": [ 31.922647, 31.858242, 30.296053, 28.877476 ] }, { "date": "2026-04-24", "close": 31.576431, "volume": 11674135, "typical_volume": 23334729.9, "trend": 27.384011, "fair_value": 23.573848, "relative_strength": 12.449069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.954415, "energy": 37.880117, "activity_lines": [ 31.648587, 31.874271, 30.57359, 29.162211 ] }, { "date": "2026-05-01", "close": 32.688557, "volume": 11168559, "typical_volume": 22569615.35, "trend": 27.667851, "fair_value": 23.657429, "relative_strength": 14.955453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.830227, "energy": 37.082891, "activity_lines": [ 31.811434, 32.058194, 30.925756, 29.50444 ] }, { "date": "2026-05-08", "close": 30.931001, "volume": 10807478, "typical_volume": 21507872.7, "trend": 27.926422, "fair_value": 23.732182, "relative_strength": 6.132489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.116316, "energy": 27.814305, "activity_lines": [ 31.512219, 31.874312, 31.072554, 29.714966 ] }, { "date": "2026-05-15", "close": 32.897081, "volume": 6546859, "typical_volume": 21279250.15, "trend": 28.244323, "fair_value": 23.817622, "relative_strength": 12.317658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.99801, "energy": 38.324088, "activity_lines": [ 31.993478, 32.042019, 31.373368, 30.035653 ] }, { "date": "2026-05-22", "close": 32.827573, "volume": 9359440, "typical_volume": 21008098.85, "trend": 28.539329, "fair_value": 23.903836, "relative_strength": 10.784557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.549863, "energy": 43.035325, "activity_lines": [ 32.364849, 32.162103, 31.626099, 30.331347 ] }, { "date": "2026-05-29", "close": 31.060087, "volume": 8329024, "typical_volume": 19273598.1, "trend": 28.77542, "fair_value": 23.976688, "relative_strength": 3.124447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.652031, "energy": 31.337841, "activity_lines": [ 31.990169, 31.938233, 31.673128, 30.493976 ] }, { "date": "2026-06-05", "close": 31.725377, "volume": 7147719, "typical_volume": 17403659.85, "trend": 29.022908, "fair_value": 24.051481, "relative_strength": 7.751885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.202437, "energy": 30.014278, "activity_lines": [ 31.871674, 31.862768, 31.756914, 30.684296 ] }, { "date": "2026-06-12", "close": 31.705517, "volume": 10557511, "typical_volume": 16895409.5, "trend": 29.249157, "fair_value": 24.126675, "relative_strength": 6.922867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.649607, "energy": 20.245705, "activity_lines": [ 31.810772, 31.834964, 31.812188, 30.857368 ] }, { "date": "2026-06-19", "close": 29.66, "volume": 9948228, "typical_volume": 15978145.1, "trend": 29.430085, "fair_value": 24.19315, "relative_strength": -0.867076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.667181, "energy": 9.824385, "activity_lines": [ 31.016396, 31.455289, 31.649791, 30.883874 ] }, { "date": "2026-06-26", "close": 29.91, "volume": 7817860, "typical_volume": 14802219.45, "trend": 29.607589, "fair_value": 24.255077, "relative_strength": 2.237866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.593488, "energy": 13.070375, "activity_lines": [ 30.521159, 31.156273, 31.502927, 30.914836 ] }, { "date": "2026-07-03", "close": 29.62, "volume": 6931489, "typical_volume": 14161225.75, "trend": 29.761381, "fair_value": 24.315497, "relative_strength": -0.994227, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.124003, "energy": 24.055194, "activity_lines": [ 30.123761, 30.814789, 31.324525, 30.915637 ] }, { "date": "2026-07-10", "close": 30.6, "volume": 7255755, "typical_volume": 13886191.55, "trend": 29.957638, "fair_value": 24.38132, "relative_strength": 0.819265, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.715895, "energy": 25.991902, "activity_lines": [ 30.149034, 30.687058, 31.239787, 30.969741 ] }, { "date": "2026-07-17", "close": 32.02, "volume": 5993219, "typical_volume": 13465812.9, "trend": 30.226542, "fair_value": 24.451443, "relative_strength": 6.855138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.188775, "energy": 14.678474, "activity_lines": [ 30.722667, 30.855483, 31.287596, 31.102797 ] }, { "date": "2026-07-24", "close": 33.1, "volume": 5782483, "typical_volume": 11737534.1, "trend": 30.523547, "fair_value": 24.525647, "relative_strength": 10.703889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.131212, "energy": 25.833022, "activity_lines": [ 31.635333, 31.200472, 31.431536, 31.288181 ] }, { "date": "2026-07-31", "close": 33.05, "volume": 8298701, "typical_volume": 10845603.05, "trend": 30.792557, "fair_value": 24.597569, "relative_strength": 8.980564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.789123, "energy": 37.43112, "activity_lines": [ 32.302, 31.53268, 31.560585, 31.451178 ] }, { "date": "2026-08-07", "close": 31.95, "volume": 6565814, "typical_volume": 10387256.1, "trend": 31.008444, "fair_value": 24.657637, "relative_strength": 1.533516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.165638, "energy": 40.211408, "activity_lines": [ 32.392667, 31.660844, 31.577896, 31.525852 ] } ], "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." } } }