{ "ticker": { "uuid": "9e791d20-24ba-45a6-b99a-5f9b1a939b67", "symbol": "CNXT", "name": "VANECK CHINEXT INNOVATORS ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 51.51, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -20.57, "architecture_energy": 34.349, "architecture_maturity": 46.911, "architecture_confidence": 63.085, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 46.27, "rotation_up": 14.08, "upward_expansion": 16.84, "deceleration": 71.01, "rotation_down": 64.13, "downward_expansion": 41.84 }, "activity_lines": [ 49.964667, 52.435818, 53.639714, 52.422086 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 51.38, "trend_reference": 50.618333, "distance_from_trend": 0.015047, "trend_direction": "Improving", "fair_value": 32.500894, "distance_from_fair_value": 0.58088, "fair_value_direction": "Weakening", "relative_strength": -1.712818, "relative_strength_direction": "Weakening", "price_momentum": 0.125274, "excess_performance": -0.000351, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.015047, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.077598, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.58088, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.212271, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.017128, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.22732, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.125274, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.610101, "read": "Supply-led" } ], "volume": { "latest": 767445, "relative_activity": 1.407641, "balance": 0.610101, "dry_up": 0.916832, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.080649, "annualized_volatility": 0.348767, "from_high_reference": -0.179102, "from_low_reference": 0.629874 }, "levels": { "trend_reference": 50.618333, "fair_value_reference": 32.500894, "structural_low": 43.03, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.015117, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.032655, "regime_survival": 0.5, "best_return": 0.120313, "worst_return": -0.150186, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.060824, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.031627, "regime_survival": 0.0, "best_return": 0.189, "worst_return": -0.103282, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.126496, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.070014, "regime_survival": 0.0, "best_return": 0.390762, "worst_return": -0.030504, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.276002, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.112322, "regime_survival": 0.0, "best_return": 0.727398, "worst_return": -0.175394, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-09-20", "tenure": "Developing", "return": -0.060861, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.147573, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-12-27", "tenure": "Developing", "return": -0.030169, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.030805, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-04-04", "tenure": "Developing", "return": -0.054315, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-20", "tenure": "Developing", "return": 0.060492, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.021183, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.029939, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-11-21", "tenure": "Established", "return": 0.270889, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.038471, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-06", "tenure": "Developing", "return": -0.020485, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": 0.059363, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-17", "tenure": "Established", "return": -0.070492, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.03966, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 26.629562, "volume": 11445, "typical_volume": 28118.85, "trend": 30.339907, "fair_value": 38.654668, "relative_strength": -20.695902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.287382, "energy": 50.666703, "activity_lines": [ 27.732587, 27.970384, 28.439696, 29.169683 ] }, { "date": "2023-08-25", "close": 25.807986, "volume": 15111, "typical_volume": 26927.25, "trend": 29.999674, "fair_value": 38.569585, "relative_strength": -23.173778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.901152, "energy": 75.772184, "activity_lines": [ 27.016865, 27.544651, 28.120736, 28.877301 ] }, { "date": "2023-09-01", "close": 26.809189, "volume": 12580, "typical_volume": 24508.75, "trend": 29.739996, "fair_value": 38.495309, "relative_strength": -21.624767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.011594, "energy": 75.863655, "activity_lines": [ 26.760039, 27.363796, 27.928223, 28.671463 ] }, { "date": "2023-09-08", "close": 25.593172, "volume": 13352, "typical_volume": 24512.15, "trend": 29.454747, "fair_value": 38.429209, "relative_strength": -23.701729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.822746, "energy": 87.602277, "activity_lines": [ 26.232058, 26.982707, 27.646031, 28.403926 ] }, { "date": "2023-09-15", "close": 25.237408, "volume": 6882, "typical_volume": 24140.3, "trend": 29.208766, "fair_value": 38.353399, "relative_strength": -24.17819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.49616, "energy": 90.930299, "activity_lines": [ 25.815522, 26.584282, 27.355932, 28.13184 ] }, { "date": "2023-09-22", "close": 25.438765, "volume": 4107, "typical_volume": 11384.45, "trend": 29.002521, "fair_value": 38.285198, "relative_strength": -20.809067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.788516, "energy": 85.509473, "activity_lines": [ 25.623289, 26.268559, 27.1119, 27.888614 ] }, { "date": "2023-09-29", "close": 25.398892, "volume": 6629, "typical_volume": 10743.45, "trend": 28.770316, "fair_value": 38.209487, "relative_strength": -19.881747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.702501, "energy": 83.801255, "activity_lines": [ 25.497152, 26.001771, 26.886475, 27.656122 ] }, { "date": "2023-10-06", "close": 25.229932, "volume": 14103, "typical_volume": 10705.7, "trend": 28.563643, "fair_value": 38.120465, "relative_strength": -20.278639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.572219, "energy": 74.31422, "activity_lines": [ 25.341967, 25.745835, 26.664705, 27.42771 ] }, { "date": "2023-10-13", "close": 25.114401, "volume": 16078, "typical_volume": 10780.95, "trend": 28.382966, "fair_value": 38.027134, "relative_strength": -20.387186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.41257, "energy": 65.439296, "activity_lines": [ 25.253556, 25.534204, 26.453737, 27.205178 ] }, { "date": "2023-10-20", "close": 23.719256, "volume": 47143, "typical_volume": 12743.2, "trend": 28.114657, "fair_value": 37.931008, "relative_strength": -22.420703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.507777, "energy": 73.007463, "activity_lines": [ 24.732015, 25.140351, 26.128497, 26.904294 ] }, { "date": "2023-10-27", "close": 24.117086, "volume": 9519, "typical_volume": 12573.55, "trend": 27.85358, "fair_value": 37.832864, "relative_strength": -18.76015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.353468, "energy": 78.203342, "activity_lines": [ 24.444294, 24.889302, 25.866398, 26.646386 ] }, { "date": "2023-11-03", "close": 24.971358, "volume": 19043, "typical_volume": 12825.0, "trend": 27.608031, "fair_value": 37.726194, "relative_strength": -19.926994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.408912, "energy": 63.817598, "activity_lines": [ 24.529442, 24.839256, 25.70195, 26.460436 ] }, { "date": "2023-11-10", "close": 25.250865, "volume": 22899, "typical_volume": 13665.0, "trend": 27.373164, "fair_value": 37.627552, "relative_strength": -19.626583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.117642, "energy": 59.035824, "activity_lines": [ 24.736262, 24.855241, 25.584564, 26.308361 ] }, { "date": "2023-11-17", "close": 25.353936, "volume": 21674, "typical_volume": 14278.3, "trend": 27.183357, "fair_value": 37.530038, "relative_strength": -20.636599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.006345, "energy": 42.455099, "activity_lines": [ 24.976043, 24.9183, 25.489878, 26.178088 ] }, { "date": "2023-11-24", "close": 24.94883, "volume": 23140, "typical_volume": 15117.8, "trend": 26.985512, "fair_value": 37.434387, "relative_strength": -22.267585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.109979, "energy": 31.55755, "activity_lines": [ 25.064819, 24.912053, 25.37015, 26.033925 ] }, { "date": "2023-12-01", "close": 24.750961, "volume": 6318, "typical_volume": 15009.15, "trend": 26.805753, "fair_value": 37.32688, "relative_strength": -22.993182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.134755, "energy": 33.424967, "activity_lines": [ 25.005668, 24.875076, 25.245024, 25.88976 ] }, { "date": "2023-12-08", "close": 24.096452, "volume": 11358, "typical_volume": 15018.7, "trend": 26.624113, "fair_value": 37.223366, "relative_strength": -24.593857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.0555, "energy": 51.091052, "activity_lines": [ 24.686089, 24.731603, 25.075554, 25.714967 ] }, { "date": "2023-12-15", "close": 23.799201, "volume": 11693, "typical_volume": 14733.1, "trend": 26.423793, "fair_value": 37.108675, "relative_strength": -26.621625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.533319, "energy": 67.16556, "activity_lines": [ 24.325753, 24.557766, 24.894864, 25.532714 ] }, { "date": "2023-12-22", "close": 23.515706, "volume": 16218, "typical_volume": 15005.05, "trend": 26.240305, "fair_value": 36.986922, "relative_strength": -27.553047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.745232, "energy": 82.992125, "activity_lines": [ 23.967696, 24.358397, 24.711093, 25.345096 ] }, { "date": "2023-12-29", "close": 24.440852, "volume": 78018, "typical_volume": 18365.5, "trend": 26.08759, "fair_value": 36.859487, "relative_strength": -24.303012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.653257, "energy": 63.289661, "activity_lines": [ 24.04057, 24.356304, 24.641755, 25.229002 ] }, { "date": "2024-01-05", "close": 22.7974, "volume": 42216, "typical_volume": 19904.05, "trend": 25.929561, "fair_value": 36.696995, "relative_strength": -27.50407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.716822, "energy": 72.198406, "activity_lines": [ 23.599492, 24.042281, 24.430917, 25.016732 ] }, { "date": "2024-01-12", "close": 22.527462, "volume": 6570, "typical_volume": 19477.0, "trend": 25.705002, "fair_value": 36.541108, "relative_strength": -28.859898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.234127, "energy": 72.064616, "activity_lines": [ 23.198672, 23.703173, 24.21262, 24.797241 ] }, { "date": "2024-01-19", "close": 22.046797, "volume": 10677, "typical_volume": 19381.85, "trend": 25.508011, "fair_value": 36.366538, "relative_strength": -30.302745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.35032, "energy": 80.527084, "activity_lines": [ 22.74223, 23.321106, 23.964167, 24.561228 ] }, { "date": "2024-01-26", "close": 21.635012, "volume": 24467, "typical_volume": 19937.6, "trend": 25.289269, "fair_value": 36.206396, "relative_strength": -31.382667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.836601, "energy": 92.173358, "activity_lines": [ 22.265352, 22.922424, 23.699174, 24.311357 ] }, { "date": "2024-02-02", "close": 19.627722, "volume": 24521, "typical_volume": 20819.55, "trend": 25.017776, "fair_value": 36.024576, "relative_strength": -37.781507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.683425, "energy": 97.174626, "activity_lines": [ 21.244758, 22.226398, 23.261859, 23.946096 ] }, { "date": "2024-02-09", "close": 21.825603, "volume": 25124, "typical_volume": 21870.4, "trend": 24.794333, "fair_value": 35.827338, "relative_strength": -30.897212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.47781, "energy": 82.589038, "activity_lines": [ 21.277666, 22.026734, 23.060579, 23.74015 ] }, { "date": "2024-02-16", "close": 22.328697, "volume": 13735, "typical_volume": 22225.7, "trend": 24.615777, "fair_value": 35.64504, "relative_strength": -28.26364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.157095, "energy": 62.03427, "activity_lines": [ 21.543059, 21.971729, 22.924418, 23.581076 ] }, { "date": "2024-02-23", "close": 22.413426, "volume": 31383, "typical_volume": 23089.7, "trend": 24.402159, "fair_value": 35.500555, "relative_strength": -28.358676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.784483, "energy": 54.296885, "activity_lines": [ 21.849946, 21.964271, 22.810947, 23.438989 ] }, { "date": "2024-03-01", "close": 23.266402, "volume": 19447, "typical_volume": 23258.15, "trend": 24.209584, "fair_value": 35.367565, "relative_strength": -25.521878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.17726, "energy": 24.67528, "activity_lines": [ 22.416716, 22.137096, 22.792123, 23.365715 ] }, { "date": "2024-03-08", "close": 22.976628, "volume": 9909, "typical_volume": 21396.45, "trend": 24.055632, "fair_value": 35.245389, "relative_strength": -25.396989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.779589, "energy": 27.245014, "activity_lines": [ 22.778135, 22.261767, 22.754502, 23.286169 ] }, { "date": "2024-03-15", "close": 24.078309, "volume": 22534, "typical_volume": 22047.2, "trend": 23.97059, "fair_value": 35.137387, "relative_strength": -20.96398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.466621, "energy": 20.073155, "activity_lines": [ 23.283521, 22.613366, 22.825339, 23.287632 ] }, { "date": "2024-03-22", "close": 23.541524, "volume": 17405, "typical_volume": 21965.3, "trend": 23.895041, "fair_value": 35.023362, "relative_strength": -23.520258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.169714, "energy": 23.952353, "activity_lines": [ 23.459798, 22.844078, 22.845238, 23.25995 ] }, { "date": "2024-03-29", "close": 22.886914, "volume": 16374, "typical_volume": 21639.05, "trend": 23.764299, "fair_value": 34.901397, "relative_strength": -25.046724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.14906, "energy": 17.454777, "activity_lines": [ 23.337017, 22.937333, 22.809602, 23.19491 ] }, { "date": "2024-04-05", "close": 23.303783, "volume": 9747, "typical_volume": 21042.7, "trend": 23.687986, "fair_value": 34.788656, "relative_strength": -22.094307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.222989, "energy": 16.101843, "activity_lines": [ 23.321626, 23.091107, 22.824925, 23.165199 ] }, { "date": "2024-04-12", "close": 21.994763, "volume": 35812, "typical_volume": 21676.3, "trend": 23.579898, "fair_value": 34.667349, "relative_strength": -24.463274, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.317663, "energy": 19.825128, "activity_lines": [ 22.867403, 22.976537, 22.725342, 23.055959 ] }, { "date": "2024-04-19", "close": 22.278756, "volume": 12651, "typical_volume": 21992.95, "trend": 23.474564, "fair_value": 34.528087, "relative_strength": -20.217595, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.476802, "energy": 26.038179, "activity_lines": [ 22.573302, 22.870564, 22.666873, 22.972014 ] }, { "date": "2024-04-26", "close": 23.088072, "volume": 18401, "typical_volume": 22345.1, "trend": 23.397537, "fair_value": 34.388746, "relative_strength": -18.62038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.922507, "energy": 19.277297, "activity_lines": [ 22.668944, 22.903501, 22.697255, 22.947079 ] }, { "date": "2024-05-03", "close": 24.371673, "volume": 37566, "typical_volume": 23638.75, "trend": 23.368928, "fair_value": 34.269131, "relative_strength": -13.819783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.36033, "energy": 6.910445, "activity_lines": [ 23.222682, 23.156013, 22.854685, 23.009927 ] }, { "date": "2024-05-10", "close": 24.127652, "volume": 33695, "typical_volume": 24512.6, "trend": 23.336037, "fair_value": 34.140982, "relative_strength": -15.468013, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.574251, "energy": 39.546945, "activity_lines": [ 23.596096, 23.328553, 22.98615, 23.058877 ] }, { "date": "2024-05-17", "close": 24.103828, "volume": 19087, "typical_volume": 21566.05, "trend": 23.348856, "fair_value": 34.007256, "relative_strength": -16.13851, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.861921, "energy": 53.496638, "activity_lines": [ 23.906644, 23.481102, 23.112431, 23.108412 ] }, { "date": "2024-05-24", "close": 23.275972, "volume": 21463, "typical_volume": 20528.4, "trend": 23.320819, "fair_value": 33.851722, "relative_strength": -18.260463, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.971402, "energy": 48.1799, "activity_lines": [ 23.800636, 23.462638, 23.161474, 23.10371 ] }, { "date": "2024-05-31", "close": 23.046405, "volume": 9731, "typical_volume": 20686.45, "trend": 23.256653, "fair_value": 33.693566, "relative_strength": -18.012908, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.453251, "energy": 27.758496, "activity_lines": [ 23.551625, 23.417021, 23.186375, 23.086005 ] }, { "date": "2024-06-07", "close": 22.65635, "volume": 11565, "typical_volume": 20730.85, "trend": 23.17017, "fair_value": 33.535136, "relative_strength": -19.749412, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.083314, "energy": 7.199878, "activity_lines": [ 23.175373, 23.309488, 23.171656, 23.047276 ] }, { "date": "2024-06-14", "close": 22.804577, "volume": 10668, "typical_volume": 20040.9, "trend": 23.085191, "fair_value": 33.385159, "relative_strength": -19.79148, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.010548, "energy": 17.338011, "activity_lines": [ 22.962885, 23.233098, 23.168151, 23.02369 ] }, { "date": "2024-06-21", "close": 22.28693, "volume": 6650, "typical_volume": 19147.35, "trend": 22.996461, "fair_value": 33.218624, "relative_strength": -21.407874, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.565517, "energy": 31.209931, "activity_lines": [ 22.666053, 23.071666, 23.109778, 22.972189 ] }, { "date": "2024-06-28", "close": 21.363778, "volume": 29416, "typical_volume": 19361.95, "trend": 22.883555, "fair_value": 33.05097, "relative_strength": -23.913717, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -53.526539, "energy": 60.207548, "activity_lines": [ 22.18263, 22.737076, 22.950822, 22.866855 ] }, { "date": "2024-07-05", "close": 21.037819, "volume": 4335, "typical_volume": 18891.95, "trend": 22.7816, "fair_value": 32.874506, "relative_strength": -25.754737, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.326324, "energy": 79.125944, "activity_lines": [ 21.718033, 22.359857, 22.763022, 22.747775 ] }, { "date": "2024-07-12", "close": 21.4822, "volume": 12635, "typical_volume": 17954.55, "trend": 22.704367, "fair_value": 32.702977, "relative_strength": -24.167721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.012951, "energy": 79.789137, "activity_lines": [ 21.53547, 22.100712, 22.62369, 22.663943 ] }, { "date": "2024-07-19", "close": 21.895879, "volume": 11863, "typical_volume": 17575.35, "trend": 22.650373, "fair_value": 32.531771, "relative_strength": -20.487599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.514307, "energy": 76.334495, "activity_lines": [ 21.569076, 21.969317, 22.528192, 22.611782 ] }, { "date": "2024-07-26", "close": 21.182756, "volume": 15158, "typical_volume": 17837.8, "trend": 22.54177, "fair_value": 32.360517, "relative_strength": -21.681961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.215539, "energy": 76.157135, "activity_lines": [ 21.425554, 21.748841, 22.371303, 22.517097 ] }, { "date": "2024-08-02", "close": 21.19083, "volume": 11154, "typical_volume": 17268.8, "trend": 22.488217, "fair_value": 32.186839, "relative_strength": -19.136881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.939041, "energy": 63.978392, "activity_lines": [ 21.358335, 21.582944, 22.223725, 22.42994 ] }, { "date": "2024-08-09", "close": 20.617162, "volume": 10625, "typical_volume": 16929.8, "trend": 22.424541, "fair_value": 32.016442, "relative_strength": -20.590543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.455843, "energy": 70.495178, "activity_lines": [ 21.111424, 21.350654, 22.035262, 22.309226 ] }, { "date": "2024-08-16", "close": 20.65863, "volume": 9797, "typical_volume": 16600.95, "trend": 22.378268, "fair_value": 31.85831, "relative_strength": -22.741042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.530151, "energy": 78.893859, "activity_lines": [ 20.906379, 21.170073, 21.864674, 22.195297 ] }, { "date": "2024-08-23", "close": 20.215046, "volume": 8068, "typical_volume": 16517.0, "trend": 22.330936, "fair_value": 31.688368, "relative_strength": -24.745986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.008359, "energy": 86.717094, "activity_lines": [ 20.608377, 20.945162, 21.66245, 22.055734 ] }, { "date": "2024-08-30", "close": 20.614072, "volume": 8207, "typical_volume": 15136.75, "trend": 22.363815, "fair_value": 31.531179, "relative_strength": -22.73514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.067915, "energy": 76.296268, "activity_lines": [ 20.555439, 20.839884, 21.512938, 21.944968 ] }, { "date": "2024-09-06", "close": 20.044292, "volume": 7333, "typical_volume": 14870.85, "trend": 22.304437, "fair_value": 31.360547, "relative_strength": -20.948856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.985638, "energy": 81.647043, "activity_lines": [ 20.350487, 20.661425, 21.315735, 21.795322 ] }, { "date": "2024-09-13", "close": 20.065922, "volume": 6224, "typical_volume": 14262.0, "trend": 22.229012, "fair_value": 31.19688, "relative_strength": -23.225755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.815324, "energy": 72.12344, "activity_lines": [ 20.229181, 20.510889, 21.131233, 21.650902 ] }, { "date": "2024-09-20", "close": 20.174775, "volume": 13719, "typical_volume": 13069.65, "trend": 22.15439, "fair_value": 31.033072, "relative_strength": -23.117329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.706329, "energy": 61.035179, "activity_lines": [ 20.180909, 20.397815, 20.971489, 21.51837 ] }, { "date": "2024-09-27", "close": 25.668033, "volume": 94862, "typical_volume": 16128.0, "trend": 22.234444, "fair_value": 30.903659, "relative_strength": -2.110679, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 6.036325, "energy": 19.367761, "activity_lines": [ 21.995979, 21.307287, 21.354897, 21.745057 ] }, { "date": "2024-10-04", "close": 36.104705, "volume": 1291829, "typical_volume": 79765.1, "trend": 22.672047, "fair_value": 30.836479, "relative_strength": 37.128521, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.51452, "energy": 67.925475, "activity_lines": [ 26.926408, 24.045752, 22.724939, 22.639912 ] }, { "date": "2024-10-11", "close": 29.455937, "volume": 2555475, "typical_volume": 206465.7, "trend": 22.851301, "fair_value": 30.724, "relative_strength": 10.981394, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.282263, "energy": 61.839886, "activity_lines": [ 28.607872, 25.304041, 23.404618, 23.077583 ] }, { "date": "2024-10-18", "close": 29.396128, "volume": 713983, "typical_volume": 241678.3, "trend": 23.046455, "fair_value": 30.606239, "relative_strength": 10.121018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.721746, "energy": 61.486453, "activity_lines": [ 29.641956, 26.401181, 24.049173, 23.49983 ] }, { "date": "2024-10-25", "close": 29.76495, "volume": 351671, "typical_volume": 258683.6, "trend": 23.275722, "fair_value": 30.486818, "relative_strength": 12.957539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.077979, "energy": 81.525332, "activity_lines": [ 30.176968, 27.405762, 24.698617, 23.933281 ] }, { "date": "2024-11-01", "close": 28.025505, "volume": 367480, "typical_volume": 276524.2, "trend": 23.433113, "fair_value": 30.354357, "relative_strength": 8.264875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.327658, "energy": 52.851431, "activity_lines": [ 29.492819, 27.928511, 25.148549, 24.239718 ] }, { "date": "2024-11-08", "close": 29.505778, "volume": 441184, "typical_volume": 298250.9, "trend": 23.68348, "fair_value": 30.22528, "relative_strength": 9.215854, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.886141, "energy": 45.672484, "activity_lines": [ 29.14493, 28.578392, 25.714597, 24.631503 ] }, { "date": "2024-11-15", "close": 29.261059, "volume": 242835, "typical_volume": 308921.85, "trend": 23.916224, "fair_value": 30.097503, "relative_strength": 10.943385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.152787, "energy": 39.902886, "activity_lines": [ 29.155397, 29.022111, 26.222964, 24.991347 ] }, { "date": "2024-11-22", "close": 28.494407, "volume": 207325, "typical_volume": 319071.35, "trend": 24.096435, "fair_value": 29.966667, "relative_strength": 6.616172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.717606, "energy": 30.895524, "activity_lines": [ 28.923304, 29.158862, 26.62071, 25.286714 ] }, { "date": "2024-11-29", "close": 29.421048, "volume": 68125, "typical_volume": 321845.85, "trend": 24.264747, "fair_value": 29.840099, "relative_strength": 9.068951, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.482782, "energy": 31.731474, "activity_lines": [ 29.060207, 29.310847, 27.0712, 25.630237 ] }, { "date": "2024-12-06", "close": 29.419154, "volume": 46689, "typical_volume": 323587.15, "trend": 24.441131, "fair_value": 29.7053, "relative_strength": 8.335386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.813664, "energy": 30.325069, "activity_lines": [ 29.219405, 29.294374, 27.483705, 25.962779 ] }, { "date": "2024-12-13", "close": 29.037274, "volume": 349149, "typical_volume": 340286.7, "trend": 24.605579, "fair_value": 29.574101, "relative_strength": 7.711357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.624174, "energy": 29.139192, "activity_lines": [ 29.1584, 29.140267, 27.824016, 26.259305 ] }, { "date": "2024-12-20", "close": 28.724273, "volume": 82747, "typical_volume": 343866.35, "trend": 24.787189, "fair_value": 29.44411, "relative_strength": 8.622401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.844517, "energy": 23.721798, "activity_lines": [ 29.024295, 29.057748, 28.097115, 26.525027 ] }, { "date": "2024-12-27", "close": 28.509277, "volume": 61144, "typical_volume": 346392.3, "trend": 24.969285, "fair_value": 29.317178, "relative_strength": 7.302163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.116084, "energy": 21.234521, "activity_lines": [ 28.85431, 28.949443, 28.313865, 26.765162 ] }, { "date": "2025-01-03", "close": 25.923877, "volume": 90109, "typical_volume": 350407.9, "trend": 25.078202, "fair_value": 29.196708, "relative_strength": -1.689258, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.018322, "energy": 14.276233, "activity_lines": [ 27.821534, 28.387189, 28.246804, 26.826748 ] }, { "date": "2025-01-10", "close": 25.125298, "volume": 66415, "typical_volume": 353325.25, "trend": 25.15556, "fair_value": 29.068013, "relative_strength": -2.64407, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.367071, "energy": 18.822533, "activity_lines": [ 26.75571, 27.749577, 28.078616, 26.829787 ] }, { "date": "2025-01-17", "close": 26.832261, "volume": 65472, "typical_volume": 356188.5, "trend": 25.307071, "fair_value": 28.958798, "relative_strength": 1.057175, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.443152, "energy": 30.726862, "activity_lines": [ 26.54513, 27.475053, 28.049613, 26.937961 ] }, { "date": "2025-01-24", "close": 27.850449, "volume": 58956, "typical_volume": 358769.65, "trend": 25.523293, "fair_value": 28.867953, "relative_strength": 3.061346, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.833473, "energy": 26.042332, "activity_lines": [ 26.820948, 27.434263, 28.08797, 27.10205 ] }, { "date": "2025-01-31", "close": 26.994672, "volume": 76572, "typical_volume": 362287.05, "trend": 25.721855, "fair_value": 28.767772, "relative_strength": 0.713068, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.375044, "energy": 21.977816, "activity_lines": [ 26.869761, 27.263525, 28.007653, 27.196978 ] }, { "date": "2025-02-07", "close": 28.190045, "volume": 111884, "typical_volume": 367195.3, "trend": 25.94545, "fair_value": 28.695433, "relative_strength": 5.228585, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.612744, "energy": 16.202576, "activity_lines": [ 27.418005, 27.337395, 28.008186, 27.356216 ] }, { "date": "2025-02-14", "close": 29.128176, "volume": 94475, "typical_volume": 367175.95, "trend": 26.186526, "fair_value": 28.619221, "relative_strength": 7.022531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.489171, "energy": 30.913865, "activity_lines": [ 28.127882, 27.604216, 28.059898, 27.561553 ] }, { "date": "2025-02-21", "close": 29.896708, "volume": 90562, "typical_volume": 307112.6, "trend": 26.476991, "fair_value": 28.54271, "relative_strength": 11.386956, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.616976, "energy": 40.14143, "activity_lines": [ 28.827078, 28.016061, 28.168326, 27.800919 ] }, { "date": "2025-02-28", "close": 28.224284, "volume": 111991, "typical_volume": 184938.4, "trend": 26.71144, "fair_value": 28.468432, "relative_strength": 6.104521, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.572007, "energy": 34.443475, "activity_lines": [ 28.764503, 28.108203, 28.147037, 27.913648 ] }, { "date": "2025-03-07", "close": 28.768915, "volume": 76718, "typical_volume": 153075.15, "trend": 26.983165, "fair_value": 28.408909, "relative_strength": 11.366854, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.668365, "energy": 40.392891, "activity_lines": [ 28.858549, 28.30846, 28.183483, 28.046388 ] }, { "date": "2025-03-14", "close": 29.577376, "volume": 93408, "typical_volume": 140162.0, "trend": 27.280457, "fair_value": 28.343169, "relative_strength": 16.919473, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.072506, "energy": 51.723063, "activity_lines": [ 29.103799, 28.650988, 28.299912, 28.213757 ] }, { "date": "2025-03-21", "close": 28.030129, "volume": 383829, "typical_volume": 140979.45, "trend": 27.540959, "fair_value": 28.278705, "relative_strength": 10.055994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.589029, "energy": 23.406792, "activity_lines": [ 28.740811, 28.645772, 28.269878, 28.262123 ] }, { "date": "2025-03-28", "close": 27.581827, "volume": 24260, "typical_volume": 120133.25, "trend": 27.773218, "fair_value": 28.208246, "relative_strength": 9.668532, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.14784, "energy": 7.497077, "activity_lines": [ 28.301593, 28.506231, 28.197126, 28.264759 ] }, { "date": "2025-04-04", "close": 25.374854, "volume": 107441, "typical_volume": 113363.55, "trend": 27.950903, "fair_value": 28.133765, "relative_strength": 10.732099, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.91604, "energy": 30.544432, "activity_lines": [ 27.281042, 27.951794, 27.923348, 28.110026 ] }, { "date": "2025-04-11", "close": 25.13528, "volume": 189367, "typical_volume": 112465.65, "trend": 28.119882, "fair_value": 28.06888, "relative_strength": 3.646394, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.160341, "energy": 65.552338, "activity_lines": [ 26.370595, 27.398809, 27.645259, 27.928373 ] }, { "date": "2025-04-18", "close": 24.55631, "volume": 54920, "typical_volume": 111805.4, "trend": 28.265933, "fair_value": 28.020028, "relative_strength": 2.6603, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.477391, "energy": 81.36271, "activity_lines": [ 25.509401, 26.774364, 27.328025, 27.698465 ] }, { "date": "2025-04-25", "close": 25.504623, "volume": 72418, "typical_volume": 113091.85, "trend": 28.260486, "fair_value": 27.980646, "relative_strength": 1.919354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.193408, "energy": 77.663846, "activity_lines": [ 25.299049, 26.388407, 27.124273, 27.520316 ] }, { "date": "2025-05-02", "close": 26.213362, "volume": 31572, "typical_volume": 97213.0, "trend": 27.930775, "fair_value": 27.952448, "relative_strength": 1.859275, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.137774, "energy": 70.249008, "activity_lines": [ 25.49331, 26.197194, 27.00666, 27.388244 ] }, { "date": "2025-05-09", "close": 26.437962, "volume": 57531, "typical_volume": 95952.2, "trend": 27.830175, "fair_value": 27.917147, "relative_strength": 3.175393, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.960051, "energy": 46.133647, "activity_lines": [ 25.853668, 26.113788, 26.923885, 27.291933 ] }, { "date": "2025-05-16", "close": 26.940468, "volume": 38703, "typical_volume": 94830.15, "trend": 27.74832, "fair_value": 27.877444, "relative_strength": -0.114554, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.640128, "energy": 24.94447, "activity_lines": [ 26.310655, 26.154225, 26.899855, 27.234533 ] }, { "date": "2025-05-23", "close": 26.755397, "volume": 33522, "typical_volume": 92000.8, "trend": 27.648002, "fair_value": 27.843966, "relative_strength": 1.711756, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.756857, "energy": 21.612713, "activity_lines": [ 26.585606, 26.194258, 26.86567, 27.170473 ] }, { "date": "2025-05-30", "close": 26.165647, "volume": 26054, "typical_volume": 89982.75, "trend": 27.586006, "fair_value": 27.792267, "relative_strength": -2.270887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.850723, "energy": 21.508563, "activity_lines": [ 26.517368, 26.178371, 26.771358, 27.074837 ] }, { "date": "2025-06-06", "close": 27.191621, "volume": 46427, "typical_volume": 89030.5, "trend": 27.508868, "fair_value": 27.742956, "relative_strength": -0.193805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.834325, "energy": 18.707012, "activity_lines": [ 26.747052, 26.382926, 26.769804, 27.049393 ] }, { "date": "2025-06-13", "close": 27.057759, "volume": 50579, "typical_volume": 88611.65, "trend": 27.435424, "fair_value": 27.681256, "relative_strength": -0.44598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.582766, "energy": 16.162171, "activity_lines": [ 26.866899, 26.570236, 26.75379, 27.020289 ] }, { "date": "2025-06-20", "close": 26.655775, "volume": 41758, "typical_volume": 86870.95, "trend": 27.374137, "fair_value": 27.600081, "relative_strength": -1.908316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.276342, "energy": 13.723485, "activity_lines": [ 26.811431, 26.65386, 26.703267, 26.969989 ] }, { "date": "2025-06-27", "close": 28.146722, "volume": 61293, "typical_volume": 84341.4, "trend": 27.331659, "fair_value": 27.532467, "relative_strength": -0.149959, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.594544, "energy": 14.988507, "activity_lines": [ 27.271925, 26.98092, 26.796352, 27.019834 ] }, { "date": "2025-07-04", "close": 28.742961, "volume": 37222, "typical_volume": 81478.75, "trend": 27.309119, "fair_value": 27.465275, "relative_strength": -0.052534, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.297611, "energy": 44.508426, "activity_lines": [ 27.83841, 27.351107, 26.946428, 27.110885 ] }, { "date": "2025-07-11", "close": 29.347785, "volume": 29653, "typical_volume": 78433.3, "trend": 27.31947, "fair_value": 27.411482, "relative_strength": 1.981444, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.345841, "energy": 67.491787, "activity_lines": [ 28.434683, 27.772382, 27.155941, 27.242412 ] }, { "date": "2025-07-18", "close": 30.226422, "volume": 46639, "typical_volume": 75165.7, "trend": 27.369541, "fair_value": 27.366467, "relative_strength": 4.034405, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.403418, "energy": 88.914473, "activity_lines": [ 29.18009, 28.296421, 27.451748, 27.429957 ] }, { "date": "2025-07-25", "close": 31.174635, "volume": 51412, "typical_volume": 73900.4, "trend": 27.458387, "fair_value": 27.332308, "relative_strength": 5.277425, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.902042, "energy": 95.486174, "activity_lines": [ 30.030324, 28.923981, 27.828327, 27.675447 ] }, { "date": "2025-08-01", "close": 30.565618, "volume": 68157, "typical_volume": 72637.85, "trend": 27.613111, "fair_value": 27.293606, "relative_strength": 5.38598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.690499, "energy": 89.709691, "activity_lines": [ 30.376295, 29.363826, 28.135448, 27.875914 ] }, { "date": "2025-08-08", "close": 31.119632, "volume": 30468, "typical_volume": 54969.8, "trend": 27.812922, "fair_value": 27.255964, "relative_strength": 4.276823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.835666, "energy": 90.993654, "activity_lines": [ 30.745678, 29.835123, 28.490626, 28.102141 ] }, { "date": "2025-08-15", "close": 33.839793, "volume": 88856, "typical_volume": 58199.6, "trend": 28.046507, "fair_value": 27.236715, "relative_strength": 11.6075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.981228, "energy": 97.533561, "activity_lines": [ 31.863336, 30.710923, 29.090156, 28.490971 ] }, { "date": "2025-08-22", "close": 36.430683, "volume": 120868, "typical_volume": 58870.95, "trend": 28.332515, "fair_value": 27.243789, "relative_strength": 18.832209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.122177, "energy": 98.510172, "activity_lines": [ 33.545157, 31.936918, 29.906637, 29.031886 ] }, { "date": "2025-08-29", "close": 39.210238, "volume": 204612, "typical_volume": 59633.2, "trend": 28.7397, "fair_value": 27.27884, "relative_strength": 26.731352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.615578, "energy": 99.335053, "activity_lines": [ 35.739879, 33.49787, 30.935191, 29.733675 ] }, { "date": "2025-09-05", "close": 39.958906, "volume": 227895, "typical_volume": 68281.95, "trend": 29.131996, "fair_value": 27.318027, "relative_strength": 27.47816, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.766954, "energy": 98.106494, "activity_lines": [ 37.64845, 34.966681, 31.968023, 30.457494 ] }, { "date": "2025-09-12", "close": 40.827361, "volume": 171510, "typical_volume": 73236.55, "trend": 29.521968, "fair_value": 27.379699, "relative_strength": 26.925624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.859876, "energy": 96.011538, "activity_lines": [ 39.220287, 36.378625, 33.010219, 31.212034 ] }, { "date": "2025-09-19", "close": 41.784657, "volume": 222216, "typical_volume": 82768.75, "trend": 29.918233, "fair_value": 27.45714, "relative_strength": 26.971683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.629057, "energy": 94.578299, "activity_lines": [ 40.46404, 37.744907, 34.070621, 32.003175 ] }, { "date": "2025-09-26", "close": 42.544306, "volume": 154300, "typical_volume": 87607.2, "trend": 30.395567, "fair_value": 27.540528, "relative_strength": 28.707604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.377178, "energy": 90.46947, "activity_lines": [ 41.431353, 39.023182, 35.129221, 32.817761 ] }, { "date": "2025-10-03", "close": 44.282014, "volume": 158691, "typical_volume": 93606.6, "trend": 30.912671, "fair_value": 27.632596, "relative_strength": 32.363186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.959094, "energy": 75.575492, "activity_lines": [ 42.570326, 40.393442, 36.276621, 33.71366 ] }, { "date": "2025-10-10", "close": 39.913986, "volume": 438111, "typical_volume": 113836.05, "trend": 31.257224, "fair_value": 27.690114, "relative_strength": 21.810876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.088986, "energy": 67.710698, "activity_lines": [ 41.915172, 40.731199, 36.925439, 34.29439 ] }, { "date": "2025-10-17", "close": 39.968888, "volume": 230460, "typical_volume": 124056.35, "trend": 31.655183, "fair_value": 27.749837, "relative_strength": 19.466757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.651712, "energy": 64.72885, "activity_lines": [ 41.281313, 40.908968, 37.516825, 34.856433 ] }, { "date": "2025-10-24", "close": 42.743951, "volume": 237838, "typical_volume": 133626.9, "trend": 32.160587, "fair_value": 27.840831, "relative_strength": 24.806926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.722569, "energy": 65.521687, "activity_lines": [ 41.629707, 41.430399, 38.306774, 35.571837 ] }, { "date": "2025-10-31", "close": 42.993507, "volume": 186590, "typical_volume": 140427.45, "trend": 32.747876, "fair_value": 27.912935, "relative_strength": 24.020083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.509559, "energy": 60.206954, "activity_lines": [ 41.997333, 41.835309, 39.046432, 36.270736 ] }, { "date": "2025-11-07", "close": 43.043418, "volume": 115816, "typical_volume": 144130.35, "trend": 33.344814, "fair_value": 27.987318, "relative_strength": 25.540419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.186805, "energy": 59.356814, "activity_lines": [ 42.351649, 42.12997, 39.714958, 36.934964 ] }, { "date": "2025-11-14", "close": 41.326473, "volume": 150303, "typical_volume": 148580.85, "trend": 33.903819, "fair_value": 28.055137, "relative_strength": 19.866864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.420246, "energy": 55.292294, "activity_lines": [ 42.216223, 42.042766, 40.141929, 37.44991 ] }, { "date": "2025-11-21", "close": 39.61951, "volume": 165845, "typical_volume": 155012.0, "trend": 34.374315, "fair_value": 28.120574, "relative_strength": 16.654138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.382128, "energy": 41.65016, "activity_lines": [ 41.417644, 41.620339, 40.343572, 37.818664 ] }, { "date": "2025-11-28", "close": 41.775673, "volume": 65787, "typical_volume": 156818.7, "trend": 34.893059, "fair_value": 28.185266, "relative_strength": 18.102004, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.671593, "energy": 36.91029, "activity_lines": [ 41.361078, 41.611903, 40.69877, 38.296171 ] }, { "date": "2025-12-05", "close": 42.414537, "volume": 74280, "typical_volume": 158200.75, "trend": 35.425611, "fair_value": 28.253552, "relative_strength": 18.937238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.575258, "energy": 35.529722, "activity_lines": [ 41.582018, 41.719788, 41.055633, 38.781428 ] }, { "date": "2025-12-12", "close": 43.276803, "volume": 158053, "typical_volume": 163532.8, "trend": 35.970156, "fair_value": 28.330953, "relative_strength": 21.388716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.688117, "energy": 43.946193, "activity_lines": [ 42.128978, 41.986807, 41.436577, 39.287956 ] }, { "date": "2025-12-19", "close": 43.382814, "volume": 199356, "typical_volume": 170092.75, "trend": 36.524403, "fair_value": 28.416601, "relative_strength": 20.892822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.576744, "energy": 50.148315, "activity_lines": [ 42.695717, 42.291378, 41.769988, 39.766192 ] }, { "date": "2025-12-26", "close": 44.91, "volume": 126931, "typical_volume": 174915.9, "trend": 37.149215, "fair_value": 28.504988, "relative_strength": 22.644616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.065464, "energy": 65.759408, "activity_lines": [ 43.634427, 42.810549, 42.187811, 40.307198 ] }, { "date": "2026-01-02", "close": 44.77, "volume": 97220, "typical_volume": 175334.1, "trend": 37.735161, "fair_value": 28.580215, "relative_strength": 22.596696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.974207, "energy": 71.675074, "activity_lines": [ 44.173772, 43.214428, 42.526632, 40.798862 ] }, { "date": "2026-01-09", "close": 46.29, "volume": 182238, "typical_volume": 178402.6, "trend": 38.376236, "fair_value": 28.656812, "relative_strength": 23.748646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.993715, "energy": 85.491491, "activity_lines": [ 45.020162, 43.857832, 42.958167, 41.350787 ] }, { "date": "2026-01-16", "close": 46.35, "volume": 274012, "typical_volume": 181872.6, "trend": 39.03271, "fair_value": 28.72761, "relative_strength": 23.390416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.812942, "energy": 85.095661, "activity_lines": [ 45.628188, 44.45221, 43.348467, 41.865224 ] }, { "date": "2026-01-23", "close": 46.58, "volume": 258901, "typical_volume": 183422.9, "trend": 39.647152, "fair_value": 28.795335, "relative_strength": 23.51109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.540356, "energy": 85.150226, "activity_lines": [ 46.108, 45.028286, 43.726673, 42.352145 ] }, { "date": "2026-01-30", "close": 46.19, "volume": 296709, "typical_volume": 189682.85, "trend": 40.22872, "fair_value": 28.869633, "relative_strength": 21.082549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.724274, "energy": 79.968012, "activity_lines": [ 46.244667, 45.437935, 44.036206, 42.774265 ] }, { "date": "2026-02-06", "close": 45.66, "volume": 189156, "typical_volume": 188029.85, "trend": 40.772461, "fair_value": 28.94341, "relative_strength": 19.152341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.047828, "energy": 58.46287, "activity_lines": [ 46.119333, 45.631756, 44.269728, 43.12467 ] }, { "date": "2026-02-13", "close": 45.57, "volume": 257954, "typical_volume": 193212.55, "trend": 41.283913, "fair_value": 29.026444, "relative_strength": 19.696849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.472726, "energy": 50.847445, "activity_lines": [ 45.904667, 45.73859, 44.476223, 43.434188 ] }, { "date": "2026-02-20", "close": 46.47, "volume": 102149, "typical_volume": 190385.45, "trend": 41.793759, "fair_value": 29.121597, "relative_strength": 19.999148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.175534, "energy": 50.551761, "activity_lines": [ 46.038, 45.951688, 44.754025, 43.768775 ] }, { "date": "2026-02-27", "close": 46.32, "volume": 458951, "typical_volume": 191427.45, "trend": 42.318905, "fair_value": 29.211052, "relative_strength": 19.415789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.864092, "energy": 46.79487, "activity_lines": [ 46.113333, 46.079455, 45.007123, 44.06079 ] }, { "date": "2026-03-06", "close": 43.99, "volume": 317066, "typical_volume": 195757.75, "trend": 42.747917, "fair_value": 29.291563, "relative_strength": 15.121628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.537263, "energy": 27.139733, "activity_lines": [ 45.429333, 45.730182, 45.007811, 44.168603 ] }, { "date": "2026-03-13", "close": 45.82, "volume": 210771, "typical_volume": 194404.4, "trend": 43.147258, "fair_value": 29.389546, "relative_strength": 21.081364, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.508255, "energy": 26.954835, "activity_lines": [ 45.502, 45.730364, 45.163636, 44.366802 ] }, { "date": "2026-03-20", "close": 45.42, "volume": 235789, "typical_volume": 196864.35, "trend": 43.446901, "fair_value": 29.477056, "relative_strength": 21.419439, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.778499, "energy": 20.243384, "activity_lines": [ 45.430667, 45.638727, 45.266718, 44.51343 ] }, { "date": "2026-03-27", "close": 44.9, "volume": 123359, "typical_volume": 197241.5, "trend": 43.63656, "fair_value": 29.560072, "relative_strength": 21.932712, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.083744, "energy": 18.662696, "activity_lines": [ 45.196, 45.468364, 45.308722, 44.607179 ] }, { "date": "2026-04-03", "close": 44.6, "volume": 71094, "typical_volume": 193281.05, "trend": 43.791263, "fair_value": 29.638676, "relative_strength": 16.439502, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.102061, "energy": 10.118258, "activity_lines": [ 44.966, 45.269818, 45.313313, 44.669336 ] }, { "date": "2026-04-10", "close": 48.54, "volume": 181845, "typical_volume": 194081.05, "trend": 44.048351, "fair_value": 29.742799, "relative_strength": 21.366573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.626129, "energy": 35.994289, "activity_lines": [ 46.164, 45.823636, 45.677554, 44.975706 ] }, { "date": "2026-04-17", "close": 52.63, "volume": 321609, "typical_volume": 206872.15, "trend": 44.409863, "fair_value": 29.881144, "relative_strength": 24.809749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.900383, "energy": 77.810607, "activity_lines": [ 48.422, 47.078364, 46.388841, 45.529361 ] }, { "date": "2026-04-24", "close": 52.28, "volume": 168515, "typical_volume": 211583.9, "trend": 44.734386, "fair_value": 30.018297, "relative_strength": 22.275281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.263915, "energy": 87.714435, "activity_lines": [ 50.109333, 48.142727, 47.015107, 46.037112 ] }, { "date": "2026-05-01", "close": 53.39, "volume": 634553, "typical_volume": 235408.9, "trend": 45.037985, "fair_value": 30.167311, "relative_strength": 22.633504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.756916, "energy": 91.8247, "activity_lines": [ 51.709333, 49.286909, 47.700109, 46.595538 ] }, { "date": "2026-05-08", "close": 54.38, "volume": 759773, "typical_volume": 263429.75, "trend": 45.520186, "fair_value": 30.326506, "relative_strength": 21.019145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.238082, "energy": 92.019821, "activity_lines": [ 53.073333, 50.485273, 48.431238, 47.198249 ] }, { "date": "2026-05-15", "close": 55.67, "volume": 1221570, "typical_volume": 318161.7, "trend": 46.043556, "fair_value": 30.492282, "relative_strength": 22.491204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.269353, "energy": 92.446264, "activity_lines": [ 54.215333, 51.771636, 49.232857, 47.853076 ] }, { "date": "2026-05-22", "close": 55.53, "volume": 745172, "typical_volume": 350559.3, "trend": 46.469758, "fair_value": 30.662216, "relative_strength": 20.081035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.514062, "energy": 87.417271, "activity_lines": [ 54.835333, 52.820182, 49.969905, 48.465104 ] }, { "date": "2026-05-29", "close": 58.1, "volume": 578692, "typical_volume": 370382.0, "trend": 46.973308, "fair_value": 30.848612, "relative_strength": 22.625272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.91899, "energy": 85.463347, "activity_lines": [ 56.118667, 54.159455, 50.900476, 49.215443 ] }, { "date": "2026-06-05", "close": 55.34, "volume": 814926, "typical_volume": 397427.7, "trend": 47.383194, "fair_value": 31.026828, "relative_strength": 18.735952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.086702, "energy": 65.803106, "activity_lines": [ 56.094, 54.766364, 51.511952, 49.755229 ] }, { "date": "2026-06-12", "close": 54.48, "volume": 1269914, "typical_volume": 447978.35, "trend": 47.821645, "fair_value": 31.188467, "relative_strength": 15.260609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.463987, "energy": 60.324709, "activity_lines": [ 55.652667, 55.027091, 51.998714, 50.213088 ] }, { "date": "2026-06-19", "close": 60.54, "volume": 393940, "typical_volume": 452839.9, "trend": 48.518994, "fair_value": 31.397336, "relative_strength": 25.551989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.690719, "energy": 68.132582, "activity_lines": [ 57.224667, 56.21, 53.025, 51.033627 ] }, { "date": "2026-06-26", "close": 60.42, "volume": 455977, "typical_volume": 466180.95, "trend": 49.140472, "fair_value": 31.603892, "relative_strength": 26.970041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.300923, "energy": 65.484974, "activity_lines": [ 58.432, 57.152909, 53.971524, 51.801434 ] }, { "date": "2026-07-03", "close": 56.68, "volume": 481225, "typical_volume": 477344.5, "trend": 49.615987, "fair_value": 31.789196, "relative_strength": 15.576418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.196776, "energy": 53.290895, "activity_lines": [ 58.066667, 57.274182, 54.491571, 52.287855 ] }, { "date": "2026-07-10", "close": 55.15, "volume": 682399, "typical_volume": 506357.0, "trend": 50.01176, "fair_value": 31.959844, "relative_strength": 10.122494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.539784, "energy": 48.723613, "activity_lines": [ 57.286, 57.037273, 54.813, 52.644888 ] }, { "date": "2026-07-17", "close": 48.92, "volume": 533406, "typical_volume": 510079.75, "trend": 50.196333, "fair_value": 32.095964, "relative_strength": -1.275075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.621206, "energy": 13.336367, "activity_lines": [ 54.441333, 55.635636, 54.499762, 52.574452 ] }, { "date": "2026-07-24", "close": 49.42, "volume": 313458, "typical_volume": 509899.35, "trend": 50.346667, "fair_value": 32.228002, "relative_strength": -0.178809, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.834591, "energy": 21.084533, "activity_lines": [ 52.134, 54.424182, 54.221762, 52.524366 ] }, { "date": "2026-07-31", "close": 47.83, "volume": 385116, "typical_volume": 518616.6, "trend": 50.448667, "fair_value": 32.348428, "relative_strength": -4.829094, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.511212, "energy": 38.802555, "activity_lines": [ 50.038, 53.037273, 53.766476, 52.362 ] }, { "date": "2026-08-07", "close": 51.38, "volume": 767445, "typical_volume": 545199.4, "trend": 50.618333, "fair_value": 32.500894, "relative_strength": -1.712818, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.570412, "energy": 34.348606, "activity_lines": [ 49.964667, 52.435818, 53.639714, 52.422086 ] } ], "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." } } }