{ "ticker": { "uuid": "9c7bdc3c-992c-4432-aac5-33dc67fdaf17", "symbol": "NIXT", "name": "RESEARCH AFFILIATES DELETIONS 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.648, "architecture_energy": 61.825, "architecture_maturity": 45.889, "architecture_confidence": 80.919, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 6.88, "rotation_up": 68.99, "upward_expansion": 84.63, "deceleration": 53.62, "rotation_down": 18.59, "downward_expansion": 8.96 }, "activity_lines": [ 33.463887, 32.981916, 32.121215, 31.190377 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 34.5, "trend_reference": 30.036396, "distance_from_trend": 0.148607, "trend_direction": "Improving", "fair_value": 26.515804, "distance_from_fair_value": 0.301111, "fair_value_direction": "Improving", "relative_strength": 6.773158, "relative_strength_direction": "Improving", "price_momentum": 0.210356, "excess_performance": 0.022902, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.148607, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.074229, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.301111, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.106053, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.067732, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.099279, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.210356, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.930084, "read": "Demand-led" } ], "volume": { "latest": 15086, "relative_activity": 1.577134, "balance": 1.930084, "dry_up": 1.205275, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.040756, "annualized_volatility": 0.183034, "from_high_reference": -0.01513, "from_low_reference": 0.458036 }, "levels": { "trend_reference": 30.036396, "fair_value_reference": 26.515804, "structural_low": 26.45, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.038797, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.0266, "regime_survival": 1.0, "best_return": 0.058688, "worst_return": -0.021974, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.078642, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.007008, "regime_survival": 1.0, "best_return": 0.078642, "worst_return": 0.078642, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.088486, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": 0.117261, "active": true } ], "chart_path": [ { "date": "2024-09-13", "close": 24.871267, "volume": 755760, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 25.232732, "volume": 553675, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 25.615857, "volume": 258201, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 25.178289, "volume": 159230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 25.159143, "volume": 107892, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 25.889325, "volume": 149346, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 24.996977, "volume": 166887, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 25.058478, "volume": 132863, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 26.708569, "volume": 174995, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 25.712558, "volume": 178624, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 26.391682, "volume": 191796, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 26.959989, "volume": 158364, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 26.776259, "volume": 120631, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 26.485191, "volume": 108780, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 25.383777, "volume": 164345, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 25.383777, "volume": 74409, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 25.569007, "volume": 205493, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 24.765074, "volume": 114956, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 25.725872, "volume": 67187, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 26.098427, "volume": 39215, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 25.941562, "volume": 43520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 25.549399, "volume": 38293, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 25.549399, "volume": 73415, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 25.069, "volume": 66108, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 24.500364, "volume": 74078, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 23.931728, "volume": 103078, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 22.921909, "volume": 83828, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 23.190443, "volume": 113344, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 22.874311, "volume": 120713, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 20.414708, "volume": 120598, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 20.591799, "volume": 206793, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 20.926305, "volume": 59666, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 21.772409, "volume": 136865, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 22.392229, "volume": 79246, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 22.559482, "volume": 55623, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 23.759769, "volume": 54642, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 22.844796, "volume": 21891, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 23.031726, "volume": 20901, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 23.710576, "volume": 18698, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 23.46865, "volume": 30427, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 23.494131, "volume": 5072, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 24.115069, "volume": 27491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 25.290654, "volume": 39830, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 25.430617, "volume": 59291, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 25.143768, "volume": 33874, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 25.86267, "volume": 64249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 23.967392, "volume": 13237, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 24.046621, "volume": 16156, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 25.122106, "volume": 37629, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 25.843876, "volume": 44438, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 25.884134, "volume": 32380, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 26.226968, "volume": 41045, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 25.978201, "volume": 98116, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 26.196898, "volume": 21954, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 25.952483, "volume": 34947, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 26.812203, "volume": 13311, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 25.161624, "volume": 27126, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 25.89025, "volume": 19733, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 26.748158, "volume": 13449, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 25.667432, "volume": 32801, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 25.232819, "volume": 29900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 24.876251, "volume": 16979, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 24.604083, "volume": 21152, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 26.258634, "volume": 13947, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 26.60289, "volume": 16089, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 27.071065, "volume": 16638, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 26.781025, "volume": 6090, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 26.841555, "volume": 7467, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 26.645267, "volume": 7893, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 27.776814, "volume": 25953, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 27.572547, "volume": 10494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 27.708991, "volume": 14324, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 27.206403, "volume": 22594, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 28.504016, "volume": 25146, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-13", "close": 28.107052, "volume": 18174, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-20", "close": 28.583908, "volume": 5197, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-27", "close": 28.434398, "volume": 31883, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-06", "close": 27.339356, "volume": 12087, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-13", "close": 26.701919, "volume": 14976, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-20", "close": 26.564976, "volume": 3045, "typical_volume": 16001.4, "trend": 26.664411, "fair_value": 25.34015, "relative_strength": 2.295201, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 14.439899, "energy": 18.280897, "activity_lines": [ 27.140222, 27.534312, 27.384147, 27.047672 ] }, { "date": "2026-03-27", "close": 26.819412, "volume": 9135, "typical_volume": 14963.15, "trend": 26.695587, "fair_value": 25.358413, "relative_strength": 6.779622, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 15.362456, "energy": 23.897877, "activity_lines": [ 26.905055, 27.379231, 27.369739, 27.057672 ] }, { "date": "2026-04-03", "close": 28.04, "volume": 8099, "typical_volume": 14519.15, "trend": 26.756021, "fair_value": 25.391115, "relative_strength": 7.392091, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 25.484501, "energy": 20.239577, "activity_lines": [ 27.194385, 27.459769, 27.464022, 27.144409 ] }, { "date": "2026-04-10", "close": 28.9156, "volume": 5550, "typical_volume": 13739.05, "trend": 26.853934, "fair_value": 25.433579, "relative_strength": 5.935755, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 62.692969, "energy": 30.783645, "activity_lines": [ 27.801874, 27.693488, 27.62663, 27.283736 ] }, { "date": "2026-04-17", "close": 30.8791, "volume": 3090, "typical_volume": 13196.2, "trend": 27.010008, "fair_value": 25.498407, "relative_strength": 6.531026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.279059, "energy": 75.459518, "activity_lines": [ 28.95878, 28.253131, 27.955707, 27.543425 ] }, { "date": "2026-04-24", "close": 30.4485, "volume": 8974, "typical_volume": 12840.45, "trend": 27.159875, "fair_value": 25.556643, "relative_strength": 2.797263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.294474, "energy": 82.287405, "activity_lines": [ 29.693674, 28.6913, 28.221772, 27.765263 ] }, { "date": "2026-05-01", "close": 30.746609, "volume": 16840, "typical_volume": 12850.55, "trend": 27.291022, "fair_value": 25.616991, "relative_strength": 2.238629, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.30677, "energy": 85.389745, "activity_lines": [ 30.269036, 29.141099, 28.497917, 27.996665 ] }, { "date": "2026-05-08", "close": 30.683383, "volume": 5681, "typical_volume": 12830.1, "trend": 27.47508, "fair_value": 25.675226, "relative_strength": -3.154726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.927522, "energy": 85.888385, "activity_lines": [ 30.56151, 29.54008, 28.750537, 28.215527 ] }, { "date": "2026-05-15", "close": 30.200578, "volume": 3621, "typical_volume": 12637.8, "trend": 27.618758, "fair_value": 25.72665, "relative_strength": -4.240042, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.109379, "energy": 78.674922, "activity_lines": [ 30.516823, 29.810387, 28.938593, 28.391366 ] }, { "date": "2026-05-22", "close": 31.174752, "volume": 8978, "typical_volume": 12692.05, "trend": 27.766311, "fair_value": 25.787865, "relative_strength": -2.270519, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.086051, "energy": 65.738025, "activity_lines": [ 30.711196, 30.205795, 29.203432, 28.620785 ] }, { "date": "2026-05-29", "close": 31.504621, "volume": 11048, "typical_volume": 11946.8, "trend": 27.960884, "fair_value": 25.851384, "relative_strength": -3.937506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.872467, "energy": 60.961927, "activity_lines": [ 30.995815, 30.579855, 29.478118, 28.861966 ] }, { "date": "2026-06-05", "close": 30.854441, "volume": 19237, "typical_volume": 12383.95, "trend": 28.148272, "fair_value": 25.906363, "relative_strength": -1.434308, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.693722, "energy": 53.798691, "activity_lines": [ 30.993299, 30.745889, 29.673131, 29.048647 ] }, { "date": "2026-06-12", "close": 31.614842, "volume": 5742, "typical_volume": 11954.85, "trend": 28.372891, "fair_value": 25.968412, "relative_strength": -1.247218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.02219, "energy": 58.407137, "activity_lines": [ 31.237061, 30.976813, 29.924935, 29.272297 ] }, { "date": "2026-06-19", "close": 31.054474, "volume": 10146, "typical_volume": 11332.45, "trend": 28.587904, "fair_value": 26.023101, "relative_strength": -5.406803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.214258, "energy": 49.998477, "activity_lines": [ 31.231937, 31.040856, 30.104771, 29.445302 ] }, { "date": "2026-06-26", "close": 32.360507, "volume": 13585, "typical_volume": 10754.4, "trend": 28.7913, "fair_value": 26.09052, "relative_strength": 3.14177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.791518, "energy": 52.178322, "activity_lines": [ 31.605231, 31.30347, 30.390667, 29.688696 ] }, { "date": "2026-07-03", "close": 32.9809, "volume": 8617, "typical_volume": 10276.55, "trend": 29.0039, "fair_value": 26.16305, "relative_strength": 4.193088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.1917, "energy": 59.187367, "activity_lines": [ 32.106272, 31.651948, 30.717284, 29.958992 ] }, { "date": "2026-07-10", "close": 32.5875, "volume": 6850, "typical_volume": 10359.2, "trend": 29.187782, "fair_value": 26.229971, "relative_strength": 1.168234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.624895, "energy": 56.17297, "activity_lines": [ 32.377761, 31.882855, 30.983226, 30.190192 ] }, { "date": "2026-07-17", "close": 33.3075, "volume": 13184, "typical_volume": 9424.25, "trend": 29.405331, "fair_value": 26.302936, "relative_strength": 7.754474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.242863, "energy": 75.644543, "activity_lines": [ 32.773713, 32.2112, 31.298674, 30.455981 ] }, { "date": "2026-07-24", "close": 32.5266, "volume": 5858, "typical_volume": 9112.8, "trend": 29.594832, "fair_value": 26.366442, "relative_strength": 6.856398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.617746, "energy": 70.44879, "activity_lines": [ 32.79652, 32.349853, 31.516546, 30.657353 ] }, { "date": "2026-07-31", "close": 33.169, "volume": 11988, "typical_volume": 8963.4, "trend": 29.81229, "fair_value": 26.435155, "relative_strength": 8.147815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.198209, "energy": 56.185013, "activity_lines": [ 32.93532, 32.563014, 31.770897, 30.887944 ] }, { "date": "2026-08-07", "close": 34.5, "volume": 15086, "typical_volume": 9565.45, "trend": 30.036396, "fair_value": 26.515804, "relative_strength": 6.773158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.648355, "energy": 61.825389, "activity_lines": [ 33.463887, 32.981916, 32.121215, 31.190377 ] } ], "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." } } }