{ "ticker": { "uuid": "9edb298c-668b-4d5a-a3bf-5168cb6aeec0", "symbol": "CDP", "name": "COPT Defense Properties", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 66.415, "architecture_energy": 63.271, "architecture_maturity": 42.163, "architecture_confidence": 82.128, "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": 6.1, "rotation_up": 70.56, "upward_expansion": 86.88, "deceleration": 53.47, "rotation_down": 15.73, "downward_expansion": 11.21 }, "activity_lines": [ 37.555333, 36.953095, 35.144885, 34.128112 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 37.14, "trend_reference": 32.953725, "distance_from_trend": 0.127035, "trend_direction": "Improving", "fair_value": 26.980505, "distance_from_fair_value": 0.376549, "fair_value_direction": "Improving", "relative_strength": 7.001085, "relative_strength_direction": "Improving", "price_momentum": 0.156499, "excess_performance": 0.030874, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.127035, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.082145, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.376549, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.161019, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.070011, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.104983, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.156499, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.992721, "read": "Demand-led" } ], "volume": { "latest": 4215611, "relative_activity": 0.889267, "balance": 1.992721, "dry_up": 0.959145, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.04588, "annualized_volatility": 0.210032, "from_high_reference": -0.045244, "from_low_reference": 0.403306 }, "levels": { "trend_reference": 32.953725, "fair_value_reference": 26.980505, "structural_low": 30.194481, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": -0.007121, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": -0.02428, "regime_survival": 0.653846, "best_return": 0.131281, "worst_return": -0.129756, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.029511, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.04897, "regime_survival": 0.3, "best_return": 0.195383, "worst_return": -0.198092, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.014681, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.022158, "regime_survival": 0.142857, "best_return": 0.244952, "worst_return": -0.160401, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.082352, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.000809, "regime_survival": 0.5, "best_return": 0.400537, "worst_return": -0.080994, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": -0.04971, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.083729, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-05-30", "tenure": "Established", "return": 0.022358, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-20", "tenure": "New", "return": 0.01458, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.013971, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.026757, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.042132, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": -0.028829, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-11-28", "tenure": "Developing", "return": 0.095544, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": -0.015802, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": 0.098866, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-27", "tenure": "Developing", "return": -0.006491, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.036364, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.156649, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.211418, "volume": 2378412, "typical_volume": 3271684.55, "trend": 21.417653, "fair_value": 21.86594, "relative_strength": -5.83334, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.255432, "energy": 60.976146, "activity_lines": [ 22.808098, 22.500775, 21.750431, 21.438434 ] }, { "date": "2023-08-25", "close": 22.26464, "volume": 2117930, "typical_volume": 3232175.45, "trend": 21.344466, "fair_value": 21.883389, "relative_strength": -6.173064, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.696148, "energy": 40.281017, "activity_lines": [ 22.605854, 22.533637, 21.850403, 21.493078 ] }, { "date": "2023-09-01", "close": 23.187159, "volume": 2460439, "typical_volume": 3156934.45, "trend": 21.332045, "fair_value": 21.9112, "relative_strength": -4.567788, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.362128, "energy": 41.556373, "activity_lines": [ 22.744823, 22.714771, 22.030884, 21.611961 ] }, { "date": "2023-09-08", "close": 22.521881, "volume": 11251693, "typical_volume": 3520446.0, "trend": 21.32429, "fair_value": 21.939296, "relative_strength": -5.938132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.2311, "energy": 27.811981, "activity_lines": [ 22.653754, 22.717997, 22.132672, 21.688725 ] }, { "date": "2023-09-15", "close": 22.007399, "volume": 4846596, "typical_volume": 3565570.8, "trend": 21.299385, "fair_value": 21.962795, "relative_strength": -7.733545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.96723, "energy": 23.27176, "activity_lines": [ 22.428446, 22.60123, 22.171586, 21.732796 ] }, { "date": "2023-09-22", "close": 21.182454, "volume": 4149075, "typical_volume": 3521159.45, "trend": 21.271515, "fair_value": 21.984954, "relative_strength": -8.282913, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.084913, "energy": 13.100767, "activity_lines": [ 22.009764, 22.328829, 22.122679, 21.725253 ] }, { "date": "2023-09-29", "close": 21.391653, "volume": 3367523, "typical_volume": 3473656.1, "trend": 21.248886, "fair_value": 21.995489, "relative_strength": -6.520073, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.54225, "energy": 17.024066, "activity_lines": [ 21.729413, 22.11785, 22.094921, 21.733003 ] }, { "date": "2023-10-06", "close": 20.84407, "volume": 3217221, "typical_volume": 3465719.5, "trend": 21.25072, "fair_value": 21.99867, "relative_strength": -9.176511, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.088588, "energy": 20.526485, "activity_lines": [ 21.324734, 21.832375, 22.011026, 21.706886 ] }, { "date": "2023-10-13", "close": 21.696863, "volume": 4709634, "typical_volume": 3553938.45, "trend": 21.313882, "fair_value": 22.015561, "relative_strength": -5.605625, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.367638, "energy": 18.330478, "activity_lines": [ 21.360524, 21.742298, 22.004466, 21.73567 ] }, { "date": "2023-10-20", "close": 21.077466, "volume": 3974018, "typical_volume": 3611296.85, "trend": 21.375158, "fair_value": 22.027269, "relative_strength": -5.804196, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.368215, "energy": 23.958145, "activity_lines": [ 21.24485, 21.564763, 21.928719, 21.720417 ] }, { "date": "2023-10-27", "close": 20.610674, "volume": 3896016, "typical_volume": 3661225.85, "trend": 21.369431, "fair_value": 22.045947, "relative_strength": -5.23608, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.179722, "energy": 38.791418, "activity_lines": [ 21.035574, 21.341522, 21.805566, 21.671095 ] }, { "date": "2023-11-03", "close": 21.45449, "volume": 4272247, "typical_volume": 3698365.25, "trend": 21.393877, "fair_value": 22.066848, "relative_strength": -6.397808, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.833146, "energy": 15.4928, "activity_lines": [ 21.145689, 21.300806, 21.764931, 21.676583 ] }, { "date": "2023-11-10", "close": 21.12235, "volume": 3797807, "typical_volume": 3764136.8, "trend": 21.432378, "fair_value": 22.072875, "relative_strength": -8.66368, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.733291, "energy": 16.321027, "activity_lines": [ 21.140902, 21.214432, 21.691425, 21.659065 ] }, { "date": "2023-11-17", "close": 21.885375, "volume": 4666626, "typical_volume": 3832749.4, "trend": 21.508293, "fair_value": 22.077269, "relative_strength": -7.166421, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -4.863537, "energy": 6.799293, "activity_lines": [ 21.371904, 21.304331, 21.685505, 21.688291 ] }, { "date": "2023-11-24", "close": 21.786631, "volume": 1738965, "typical_volume": 3835468.45, "trend": 21.565723, "fair_value": 22.079158, "relative_strength": -8.099939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.476132, "energy": 5.604239, "activity_lines": [ 21.557424, 21.387849, 21.666284, 21.706248 ] }, { "date": "2023-12-01", "close": 22.944635, "volume": 4707886, "typical_volume": 3896229.0, "trend": 21.615882, "fair_value": 22.092315, "relative_strength": -3.747491, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.570593, "energy": 24.681387, "activity_lines": [ 22.081668, 21.685928, 21.756922, 21.79521 ] }, { "date": "2023-12-08", "close": 22.118772, "volume": 5990801, "typical_volume": 4017052.8, "trend": 21.668022, "fair_value": 22.104931, "relative_strength": -7.124437, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.594094, "energy": 26.816424, "activity_lines": [ 22.175026, 21.80181, 21.766641, 21.827655 ] }, { "date": "2023-12-15", "close": 22.890774, "volume": 6567078, "typical_volume": 4167944.05, "trend": 21.763425, "fair_value": 22.121232, "relative_strength": -5.808595, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.398159, "energy": 41.115727, "activity_lines": [ 22.481433, 22.044836, 21.852985, 21.906542 ] }, { "date": "2023-12-22", "close": 22.693285, "volume": 4267351, "typical_volume": 4242450.75, "trend": 21.868024, "fair_value": 22.135155, "relative_strength": -7.090339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.085943, "energy": 46.192991, "activity_lines": [ 22.604116, 22.214741, 21.921341, 21.966533 ] }, { "date": "2023-12-29", "close": 23.261822, "volume": 2830268, "typical_volume": 4260379.3, "trend": 21.961479, "fair_value": 22.150955, "relative_strength": -4.715461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.115909, "energy": 50.098934, "activity_lines": [ 22.86245, 22.469901, 22.045689, 22.056455 ] }, { "date": "2024-01-05", "close": 23.098453, "volume": 2558239, "typical_volume": 4269370.65, "trend": 22.029328, "fair_value": 22.171689, "relative_strength": -3.526385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.067213, "energy": 53.020855, "activity_lines": [ 22.967982, 22.655641, 22.154333, 22.129808 ] }, { "date": "2024-01-12", "close": 23.234594, "volume": 2692037, "typical_volume": 4298076.0, "trend": 22.097333, "fair_value": 22.186701, "relative_strength": -4.273267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.841319, "energy": 52.265397, "activity_lines": [ 23.108639, 22.820902, 22.271719, 22.207568 ] }, { "date": "2024-01-19", "close": 22.553893, "volume": 2663064, "typical_volume": 4308207.25, "trend": 22.180631, "fair_value": 22.197094, "relative_strength": -7.628488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.385825, "energy": 40.105472, "activity_lines": [ 22.948009, 22.830034, 22.319657, 22.237023 ] }, { "date": "2024-01-26", "close": 22.109168, "volume": 4602536, "typical_volume": 3975749.4, "trend": 22.215365, "fair_value": 22.204534, "relative_strength": -9.831795, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.310908, "energy": 20.198962, "activity_lines": [ 22.661595, 22.732278, 22.328256, 22.232412 ] }, { "date": "2024-02-02", "close": 20.96559, "volume": 7334091, "typical_volume": 4100124.15, "trend": 22.190987, "fair_value": 22.201117, "relative_strength": -15.190286, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -21.229213, "energy": 17.767151, "activity_lines": [ 22.032929, 22.422531, 22.229908, 22.151782 ] }, { "date": "2024-02-09", "close": 21.664443, "volume": 7828128, "typical_volume": 4284076.8, "trend": 22.16418, "fair_value": 22.205655, "relative_strength": -13.113502, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.913049, "energy": 19.85087, "activity_lines": [ 21.790297, 22.254775, 22.203079, 22.117811 ] }, { "date": "2024-02-16", "close": 21.85504, "volume": 5920251, "typical_volume": 4411713.2, "trend": 22.133673, "fair_value": 22.212182, "relative_strength": -11.609232, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.555175, "energy": 24.728773, "activity_lines": [ 21.706798, 22.14495, 22.192107, 22.097867 ] }, { "date": "2024-02-23", "close": 21.891344, "volume": 3687457, "typical_volume": 4435225.0, "trend": 22.094619, "fair_value": 22.219606, "relative_strength": -12.464294, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.43526, "energy": 23.112533, "activity_lines": [ 21.72737, 22.04652, 22.182385, 22.082233 ] }, { "date": "2024-03-01", "close": 22.290688, "volume": 4055694, "typical_volume": 4402528.0, "trend": 22.068285, "fair_value": 22.22867, "relative_strength": -11.321715, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.447596, "energy": 8.160045, "activity_lines": [ 21.925227, 22.03887, 22.205709, 22.094882 ] }, { "date": "2024-03-08", "close": 22.435905, "volume": 5621634, "typical_volume": 4484908.8, "trend": 22.041764, "fair_value": 22.234422, "relative_strength": -10.164439, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.986351, "energy": 13.805467, "activity_lines": [ 22.159389, 22.064943, 22.240036, 22.1186 ] }, { "date": "2024-03-15", "close": 21.936724, "volume": 4769068, "typical_volume": 4528561.4, "trend": 22.032608, "fair_value": 22.2359, "relative_strength": -11.818532, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.594506, "energy": 6.692059, "activity_lines": [ 22.129135, 22.015273, 22.220353, 22.111823 ] }, { "date": "2024-03-22", "close": 21.519227, "volume": 3657485, "typical_volume": 4497823.3, "trend": 22.007761, "fair_value": 22.234396, "relative_strength": -15.11666, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.650842, "energy": 3.838832, "activity_lines": [ 21.941564, 21.910816, 22.154594, 22.078702 ] }, { "date": "2024-03-29", "close": 22.205802, "volume": 2764256, "typical_volume": 4446145.75, "trend": 21.975049, "fair_value": 22.236057, "relative_strength": -12.406451, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.902392, "energy": 5.215346, "activity_lines": [ 22.005239, 21.96238, 22.153915, 22.091478 ] }, { "date": "2024-04-05", "close": 21.691311, "volume": 3625520, "typical_volume": 4394090.45, "trend": 21.947363, "fair_value": 22.235402, "relative_strength": -13.342199, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.122481, "energy": 12.959008, "activity_lines": [ 21.876453, 21.926728, 22.099077, 22.073173 ] }, { "date": "2024-04-12", "close": 21.287068, "volume": 3179796, "typical_volume": 4466132.0, "trend": 21.923352, "fair_value": 22.229108, "relative_strength": -13.438599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.353225, "energy": 27.082637, "activity_lines": [ 21.652878, 21.825176, 22.006664, 22.030573 ] }, { "date": "2024-04-19", "close": 20.919574, "volume": 6264657, "typical_volume": 4543970.55, "trend": 21.914589, "fair_value": 22.218857, "relative_strength": -12.026125, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.78651, "energy": 38.36236, "activity_lines": [ 21.383394, 21.650961, 21.88163, 21.965813 ] }, { "date": "2024-04-26", "close": 21.709686, "volume": 5482083, "typical_volume": 4518534.65, "trend": 21.925191, "fair_value": 22.213206, "relative_strength": -10.834186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -23.374418, "energy": 33.213921, "activity_lines": [ 21.44509, 21.633946, 21.841488, 21.952594 ] }, { "date": "2024-05-03", "close": 22.59167, "volume": 4814135, "typical_volume": 4430887.5, "trend": 21.983444, "fair_value": 22.213312, "relative_strength": -7.444637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 7.263026, "energy": 8.277469, "activity_lines": [ 21.788084, 21.779934, 21.887293, 21.995592 ] }, { "date": "2024-05-10", "close": 22.444673, "volume": 3123100, "typical_volume": 4373674.95, "trend": 22.008371, "fair_value": 22.216866, "relative_strength": -9.456659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.530571, "energy": 7.834858, "activity_lines": [ 22.056355, 21.886463, 21.920523, 22.025349 ] }, { "date": "2024-05-17", "close": 22.518172, "volume": 2284103, "typical_volume": 4346366.7, "trend": 22.056394, "fair_value": 22.220013, "relative_strength": -10.419868, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.136751, "energy": 22.775912, "activity_lines": [ 22.298901, 22.003555, 21.961936, 22.058239 ] }, { "date": "2024-05-24", "close": 22.104741, "volume": 2723166, "typical_volume": 4354613.05, "trend": 22.106197, "fair_value": 22.219168, "relative_strength": -11.867081, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.463152, "energy": 18.960769, "activity_lines": [ 22.321563, 22.043983, 21.967516, 22.061358 ] }, { "date": "2024-05-31", "close": 22.665169, "volume": 2262594, "typical_volume": 4333140.9, "trend": 22.146553, "fair_value": 22.21959, "relative_strength": -9.073907, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.328038, "energy": 30.574279, "activity_lines": [ 22.452023, 22.183251, 22.031202, 22.097421 ] }, { "date": "2024-06-07", "close": 22.260926, "volume": 2268164, "typical_volume": 4313395.9, "trend": 22.184505, "fair_value": 22.206576, "relative_strength": -11.517238, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.037124, "energy": 22.095973, "activity_lines": [ 22.384036, 22.228186, 22.0591, 22.1048 ] }, { "date": "2024-06-14", "close": 22.398736, "volume": 2796607, "typical_volume": 4223099.45, "trend": 22.201617, "fair_value": 22.202708, "relative_strength": -12.139637, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.354951, "energy": 11.729737, "activity_lines": [ 22.384036, 22.297174, 22.101518, 22.118621 ] }, { "date": "2024-06-21", "close": 22.62842, "volume": 3835598, "typical_volume": 4048174.8, "trend": 22.229677, "fair_value": 22.205012, "relative_strength": -11.611261, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.071077, "energy": 18.983504, "activity_lines": [ 22.46366, 22.395061, 22.164432, 22.146157 ] }, { "date": "2024-06-28", "close": 23.26694, "volume": 5676637, "typical_volume": 3940600.25, "trend": 22.24042, "fair_value": 22.206577, "relative_strength": -8.865889, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.531267, "energy": 34.580578, "activity_lines": [ 22.748774, 22.584655, 22.280239, 22.213077 ] }, { "date": "2024-07-05", "close": 23.369192, "volume": 2504265, "typical_volume": 3769800.95, "trend": 22.282101, "fair_value": 22.203372, "relative_strength": -9.888185, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.196128, "energy": 59.031793, "activity_lines": [ 22.990492, 22.75016, 22.398153, 22.285901 ] }, { "date": "2024-07-12", "close": 24.317345, "volume": 3479988, "typical_volume": 3759427.5, "trend": 22.329653, "fair_value": 22.204263, "relative_strength": -6.848672, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.872763, "energy": 77.027489, "activity_lines": [ 23.501326, 23.057884, 22.599158, 22.417207 ] }, { "date": "2024-07-19", "close": 24.800717, "volume": 4515141, "typical_volume": 3782399.85, "trend": 22.399901, "fair_value": 22.207521, "relative_strength": -2.857466, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.692323, "energy": 85.017256, "activity_lines": [ 24.036189, 23.422117, 22.834645, 22.576631 ] }, { "date": "2024-07-26", "close": 26.278721, "volume": 3556120, "typical_volume": 3679124.15, "trend": 22.500464, "fair_value": 22.222393, "relative_strength": 3.917352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.58689, "energy": 95.59371, "activity_lines": [ 24.903589, 24.012242, 23.198943, 22.826877 ] }, { "date": "2024-08-02", "close": 26.864345, "volume": 5588419, "typical_volume": 3720091.7, "trend": 22.625994, "fair_value": 22.244984, "relative_strength": 8.622317, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.477203, "energy": 96.75242, "activity_lines": [ 25.722843, 24.64047, 23.600714, 23.108418 ] }, { "date": "2024-08-09", "close": 26.70632, "volume": 3770809, "typical_volume": 3725757.9, "trend": 22.741718, "fair_value": 22.268544, "relative_strength": 8.088569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.889662, "energy": 92.811413, "activity_lines": [ 26.249595, 25.153428, 23.963971, 23.371665 ] }, { "date": "2024-08-16", "close": 26.585477, "volume": 3222275, "typical_volume": 3748658.85, "trend": 22.876104, "fair_value": 22.290391, "relative_strength": 3.617409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.381853, "energy": 89.259527, "activity_lines": [ 26.513591, 25.570939, 24.291019, 23.619649 ] }, { "date": "2024-08-23", "close": 27.068849, "volume": 3274164, "typical_volume": 3731091.05, "trend": 23.041427, "fair_value": 22.315231, "relative_strength": 4.170566, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.48219, "energy": 89.662049, "activity_lines": [ 26.787502, 25.997708, 24.643247, 23.890149 ] }, { "date": "2024-08-30", "close": 27.691656, "volume": 3434898, "typical_volume": 3743846.15, "trend": 23.265629, "fair_value": 22.345056, "relative_strength": 6.406551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.836593, "energy": 81.385099, "activity_lines": [ 27.117806, 26.452803, 25.029182, 24.190164 ] }, { "date": "2024-09-06", "close": 27.040962, "volume": 2490568, "typical_volume": 3555141.7, "trend": 23.444847, "fair_value": 22.378012, "relative_strength": 8.445573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.457728, "energy": 66.3387, "activity_lines": [ 27.137017, 26.697531, 25.322648, 24.433733 ] }, { "date": "2024-09-13", "close": 27.97982, "volume": 3313404, "typical_volume": 3446707.75, "trend": 23.649006, "fair_value": 22.416048, "relative_strength": 7.904808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.409369, "energy": 70.405086, "activity_lines": [ 27.457406, 27.044342, 25.67638, 24.726312 ] }, { "date": "2024-09-20", "close": 27.886864, "volume": 6579995, "typical_volume": 3535000.75, "trend": 23.848857, "fair_value": 22.450201, "relative_strength": 6.075135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.232543, "energy": 67.194714, "activity_lines": [ 27.66191, 27.290423, 25.991401, 24.999723 ] }, { "date": "2024-09-27", "close": 28.42601, "volume": 4568577, "typical_volume": 3607274.6, "trend": 24.053367, "fair_value": 22.486211, "relative_strength": 7.560399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.125994, "energy": 68.354248, "activity_lines": [ 27.95937, 27.56963, 26.332554, 25.295023 ] }, { "date": "2024-10-04", "close": 29.143634, "volume": 6147640, "typical_volume": 3800451.45, "trend": 24.276958, "fair_value": 22.525768, "relative_strength": 9.908455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.168247, "energy": 71.002159, "activity_lines": [ 28.40556, 27.913399, 26.71357, 25.623427 ] }, { "date": "2024-10-11", "close": 29.068546, "volume": 3157363, "typical_volume": 3822161.3, "trend": 24.514686, "fair_value": 22.562314, "relative_strength": 8.413394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.749322, "energy": 68.478836, "activity_lines": [ 28.729923, 28.191427, 27.055884, 25.932562 ] }, { "date": "2024-10-18", "close": 30.373205, "volume": 2972721, "typical_volume": 3857667.65, "trend": 24.809818, "fair_value": 22.609752, "relative_strength": 12.25077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.260968, "energy": 83.495487, "activity_lines": [ 29.354, 28.666589, 27.489291, 26.310531 ] }, { "date": "2024-10-25", "close": 30.307503, "volume": 2942221, "typical_volume": 3891370.5, "trend": 25.079875, "fair_value": 22.661142, "relative_strength": 13.012334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.120199, "energy": 89.223905, "activity_lines": [ 29.796617, 29.063134, 27.879736, 26.66522 ] }, { "date": "2024-11-01", "close": 29.988377, "volume": 4936779, "typical_volume": 3998379.1, "trend": 25.356444, "fair_value": 22.703585, "relative_strength": 13.271812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.61669, "energy": 82.63699, "activity_lines": [ 29.971483, 29.333984, 28.20147, 26.981898 ] }, { "date": "2024-11-08", "close": 30.166712, "volume": 4663695, "typical_volume": 4039783.95, "trend": 25.652432, "fair_value": 22.749436, "relative_strength": 8.690784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.137894, "energy": 67.392537, "activity_lines": [ 30.101636, 29.584175, 28.504048, 27.292238 ] }, { "date": "2024-11-15", "close": 28.073627, "volume": 8008090, "typical_volume": 4156356.6, "trend": 25.890901, "fair_value": 22.786507, "relative_strength": 3.352388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.957077, "energy": 52.322938, "activity_lines": [ 29.465888, 29.408805, 28.571388, 27.448444 ] }, { "date": "2024-11-22", "close": 29.885131, "volume": 6947696, "typical_volume": 4378528.15, "trend": 26.163415, "fair_value": 22.840932, "relative_strength": 8.142696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.48882, "energy": 42.460466, "activity_lines": [ 29.500304, 29.544024, 28.788363, 27.706136 ] }, { "date": "2024-11-29", "close": 30.926981, "volume": 5513012, "typical_volume": 4480179.35, "trend": 26.441259, "fair_value": 22.899402, "relative_strength": 10.574415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.769951, "energy": 50.116699, "activity_lines": [ 29.914541, 29.834027, 29.073533, 28.013463 ] }, { "date": "2024-12-06", "close": 30.617242, "volume": 5963965, "typical_volume": 4552620.55, "trend": 26.713678, "fair_value": 22.95341, "relative_strength": 8.445177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.884322, "energy": 46.424236, "activity_lines": [ 30.184233, 30.01244, 29.297731, 28.282881 ] }, { "date": "2024-12-13", "close": 30.504609, "volume": 5270363, "typical_volume": 4638332.7, "trend": 26.979893, "fair_value": 23.004009, "relative_strength": 8.633684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.111028, "energy": 50.230338, "activity_lines": [ 30.374456, 30.130533, 29.483503, 28.527457 ] }, { "date": "2024-12-20", "close": 29.199951, "volume": 6500585, "typical_volume": 4683941.0, "trend": 27.2164, "fair_value": 23.044875, "relative_strength": 5.894655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.567388, "energy": 40.42774, "activity_lines": [ 30.107267, 29.986671, 29.524899, 28.670687 ] }, { "date": "2024-12-27", "close": 29.134248, "volume": 1624062, "typical_volume": 4576603.65, "trend": 27.432036, "fair_value": 23.082817, "relative_strength": 4.997072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.571151, "energy": 25.819402, "activity_lines": [ 29.743089, 29.828474, 29.548915, 28.794419 ] }, { "date": "2025-01-03", "close": 29.355089, "volume": 2574360, "typical_volume": 4544207.9, "trend": 27.668508, "fair_value": 23.115736, "relative_strength": 6.357663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.249725, "energy": 17.405067, "activity_lines": [ 29.502583, 29.732956, 29.582403, 28.918487 ] }, { "date": "2025-01-10", "close": 27.706352, "volume": 2770895, "typical_volume": 4519044.45, "trend": 27.845428, "fair_value": 23.144738, "relative_strength": 2.435035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.618482, "energy": 13.17339, "activity_lines": [ 28.817291, 29.354984, 29.445679, 28.920929 ] }, { "date": "2025-01-17", "close": 28.019044, "volume": 3753044, "typical_volume": 4534951.75, "trend": 28.025116, "fair_value": 23.188407, "relative_strength": 0.647743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.558753, "energy": 16.735691, "activity_lines": [ 28.430289, 29.075356, 29.3357, 28.93213 ] }, { "date": "2025-01-24", "close": 28.255931, "volume": 2873519, "typical_volume": 4554099.3, "trend": 28.191415, "fair_value": 23.237479, "relative_strength": -0.257894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.293334, "energy": 17.807398, "activity_lines": [ 28.287954, 28.877848, 29.246722, 28.947021 ] }, { "date": "2025-01-31", "close": 27.895862, "volume": 5629688, "typical_volume": 4669913.5, "trend": 28.342304, "fair_value": 23.283231, "relative_strength": -0.661977, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.184927, "energy": 29.345894, "activity_lines": [ 28.088531, 28.611558, 29.117667, 28.927953 ] }, { "date": "2025-02-07", "close": 27.952715, "volume": 5701645, "typical_volume": 4625996.0, "trend": 28.463483, "fair_value": 23.325624, "relative_strength": -0.398394, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.283088, "energy": 33.657724, "activity_lines": [ 27.990617, 28.391773, 28.994426, 28.902818 ] }, { "date": "2025-02-14", "close": 25.849155, "volume": 6406646, "typical_volume": 4717899.45, "trend": 28.498431, "fair_value": 23.355064, "relative_strength": -9.171186, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.730813, "energy": 56.955736, "activity_lines": [ 27.285008, 27.843601, 28.670532, 28.734152 ] }, { "date": "2025-02-21", "close": 25.365905, "volume": 5926380, "typical_volume": 4706836.45, "trend": 28.468004, "fair_value": 23.380342, "relative_strength": -9.367783, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.295776, "energy": 71.866162, "activity_lines": [ 26.54213, 27.294257, 28.312886, 28.532053 ] }, { "date": "2025-02-28", "close": 25.612267, "volume": 5791751, "typical_volume": 4838555.85, "trend": 28.426268, "fair_value": 23.397729, "relative_strength": -7.565499, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.55718, "energy": 83.220382, "activity_lines": [ 26.058247, 26.883137, 27.996691, 28.347812 ] }, { "date": "2025-03-07", "close": 25.725973, "volume": 5193753, "typical_volume": 4949607.45, "trend": 28.39359, "fair_value": 23.410418, "relative_strength": -4.221815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.09683, "energy": 82.598195, "activity_lines": [ 25.788512, 26.557922, 27.707784, 28.1736 ] }, { "date": "2025-03-14", "close": 25.384856, "volume": 7251117, "typical_volume": 5165052.25, "trend": 28.353569, "fair_value": 23.426294, "relative_strength": -3.356518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.443093, "energy": 81.271314, "activity_lines": [ 25.549729, 26.232654, 27.40852, 27.979488 ] }, { "date": "2025-03-21", "close": 25.346954, "volume": 5422679, "typical_volume": 5189347.25, "trend": 28.296173, "fair_value": 23.434585, "relative_strength": -4.113021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.687356, "energy": 78.096851, "activity_lines": [ 25.469503, 25.972681, 27.129087, 27.785513 ] }, { "date": "2025-03-28", "close": 25.868106, "volume": 4085200, "typical_volume": 5160422.5, "trend": 28.235388, "fair_value": 23.444003, "relative_strength": -0.821213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.216201, "energy": 55.491264, "activity_lines": [ 25.596475, 25.850361, 26.921389, 27.628863 ] }, { "date": "2025-04-04", "close": 25.036394, "volume": 6123103, "typical_volume": 5066173.15, "trend": 28.168569, "fair_value": 23.457703, "relative_strength": 5.251346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.358696, "energy": 54.795629, "activity_lines": [ 25.412729, 25.615929, 26.65495, 27.422476 ] }, { "date": "2025-04-11", "close": 24.49025, "volume": 5473319, "typical_volume": 4992454.3, "trend": 28.05225, "fair_value": 23.463391, "relative_strength": -2.716659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.031167, "energy": 56.483793, "activity_lines": [ 25.085327, 25.340734, 26.350961, 27.185165 ] }, { "date": "2025-04-18", "close": 25.275931, "volume": 3769515, "typical_volume": 4905279.45, "trend": 27.965219, "fair_value": 23.473954, "relative_strength": 1.623713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.852988, "energy": 49.267294, "activity_lines": [ 25.1022, 25.270311, 26.147488, 27.006048 ] }, { "date": "2025-04-25", "close": 25.256768, "volume": 3740807, "typical_volume": 4794121.55, "trend": 27.859577, "fair_value": 23.492505, "relative_strength": -3.024826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.450749, "energy": 46.073084, "activity_lines": [ 25.119947, 25.245073, 25.9691, 26.831309 ] }, { "date": "2025-05-02", "close": 25.448397, "volume": 5336237, "typical_volume": 4797415.25, "trend": 27.736403, "fair_value": 23.514593, "relative_strength": -5.074168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.01076, "energy": 40.866131, "activity_lines": [ 25.207583, 25.265447, 25.834489, 26.675749 ] }, { "date": "2025-05-09", "close": 25.65919, "volume": 3772284, "typical_volume": 4661000.2, "trend": 27.622757, "fair_value": 23.541954, "relative_strength": -3.94881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.57222, "energy": 28.508879, "activity_lines": [ 25.393464, 25.322647, 25.74403, 26.541736 ] }, { "date": "2025-05-16", "close": 26.272404, "volume": 4905545, "typical_volume": 4825074.35, "trend": 27.486064, "fair_value": 23.566692, "relative_strength": -6.638874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.242001, "energy": 20.075129, "activity_lines": [ 25.742229, 25.490487, 25.728833, 26.454616 ] }, { "date": "2025-05-23", "close": 25.822075, "volume": 4343402, "typical_volume": 4913526.45, "trend": 27.33655, "fair_value": 23.585053, "relative_strength": -5.936282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.924399, "energy": 18.228972, "activity_lines": [ 25.822075, 25.566514, 25.684376, 26.347262 ] }, { "date": "2025-05-30", "close": 26.301149, "volume": 3664539, "typical_volume": 4958208.65, "trend": 27.213642, "fair_value": 23.610245, "relative_strength": -5.904236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.774899, "energy": 14.51012, "activity_lines": [ 26.025202, 25.721697, 25.702369, 26.280462 ] }, { "date": "2025-06-06", "close": 26.943107, "volume": 4312445, "typical_volume": 4986178.7, "trend": 27.106189, "fair_value": 23.637833, "relative_strength": -5.281956, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.101659, "energy": 13.62204, "activity_lines": [ 26.37269, 25.97625, 25.788192, 26.263008 ] }, { "date": "2025-06-13", "close": 27.403018, "volume": 3623691, "typical_volume": 5023687.3, "trend": 27.083835, "fair_value": 23.67186, "relative_strength": -3.480534, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.305219, "energy": 21.543474, "activity_lines": [ 26.773835, 26.294877, 25.922939, 26.282158 ] }, { "date": "2025-06-20", "close": 27.335948, "volume": 3513367, "typical_volume": 4917871.25, "trend": 26.998862, "fair_value": 23.702288, "relative_strength": -3.714235, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.183189, "energy": 40.156674, "activity_lines": [ 27.036367, 26.558281, 26.05536, 26.298424 ] }, { "date": "2025-06-27", "close": 26.607756, "volume": 5308379, "typical_volume": 4898207.95, "trend": 26.854888, "fair_value": 23.727786, "relative_strength": -9.42298, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.763429, "energy": 35.827659, "activity_lines": [ 26.985266, 26.637545, 26.121096, 26.273191 ] }, { "date": "2025-07-04", "close": 27.502625, "volume": 3352392, "typical_volume": 4745495.25, "trend": 26.751068, "fair_value": 23.76347, "relative_strength": -7.987237, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.19603, "energy": 41.785334, "activity_lines": [ 27.180076, 26.855299, 26.278463, 26.31498 ] }, { "date": "2025-07-11", "close": 27.396063, "volume": 3837423, "typical_volume": 4641047.4, "trend": 26.647449, "fair_value": 23.79668, "relative_strength": -8.089719, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.138531, "energy": 38.43047, "activity_lines": [ 27.259266, 27.012844, 26.417806, 26.356593 ] }, { "date": "2025-07-18", "close": 26.979503, "volume": 3912531, "typical_volume": 4547086.4, "trend": 26.573435, "fair_value": 23.826026, "relative_strength": -9.958851, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.27416, "energy": 25.450064, "activity_lines": [ 27.169407, 27.059238, 26.50781, 26.378016 ] }, { "date": "2025-07-25", "close": 27.153877, "volume": 2732909, "typical_volume": 4424044.2, "trend": 26.507422, "fair_value": 23.847318, "relative_strength": -10.505902, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 27.399196, "energy": 29.210417, "activity_lines": [ 27.165906, 27.113331, 26.607911, 26.415464 ] }, { "date": "2025-08-01", "close": 26.42732, "volume": 5530971, "typical_volume": 4338036.9, "trend": 26.40983, "fair_value": 23.873395, "relative_strength": -10.437313, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.707963, "energy": 22.035586, "activity_lines": [ 26.932358, 27.019296, 26.632015, 26.410296 ] }, { "date": "2025-08-08", "close": 26.902004, "volume": 3907157, "typical_volume": 4262260.8, "trend": 26.383018, "fair_value": 23.894809, "relative_strength": -10.73294, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.754978, "energy": 17.792415, "activity_lines": [ 26.869067, 27.000563, 26.696364, 26.442049 ] }, { "date": "2025-08-15", "close": 26.989191, "volume": 3230187, "typical_volume": 4219510.15, "trend": 26.34869, "fair_value": 23.919984, "relative_strength": -11.075854, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.219382, "energy": 17.059307, "activity_lines": [ 26.874879, 26.986757, 26.761612, 26.481157 ] }, { "date": "2025-08-22", "close": 28.035434, "volume": 4498628, "typical_volume": 4138286.4, "trend": 26.34134, "fair_value": 23.956641, "relative_strength": -7.696636, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.588151, "energy": 32.958272, "activity_lines": [ 27.256564, 27.16234, 26.921163, 26.589979 ] }, { "date": "2025-08-29", "close": 27.880435, "volume": 5303029, "typical_volume": 4129771.9, "trend": 26.340826, "fair_value": 23.997515, "relative_strength": -7.924868, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.243533, "energy": 47.78153, "activity_lines": [ 27.516187, 27.298242, 27.051671, 26.689276 ] }, { "date": "2025-09-05", "close": 29.701672, "volume": 6981578, "typical_volume": 4290375.05, "trend": 26.399124, "fair_value": 24.043931, "relative_strength": -2.050545, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.037014, "energy": 77.31863, "activity_lines": [ 28.334453, 27.755379, 27.339486, 26.906104 ] }, { "date": "2025-09-12", "close": 29.701672, "volume": 3934296, "typical_volume": 4300049.5, "trend": 26.527541, "fair_value": 24.096099, "relative_strength": -3.358576, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.626448, "energy": 83.910529, "activity_lines": [ 28.934427, 28.156262, 27.606227, 27.119172 ] }, { "date": "2025-09-19", "close": 29.449799, "volume": 5201865, "typical_volume": 4293330.9, "trend": 26.663671, "fair_value": 24.153817, "relative_strength": -5.141242, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.048553, "energy": 81.506231, "activity_lines": [ 29.2638, 28.471368, 27.827813, 27.307705 ] }, { "date": "2025-09-26", "close": 28.374494, "volume": 4928102, "typical_volume": 4351121.8, "trend": 26.755745, "fair_value": 24.208122, "relative_strength": -8.062841, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.759717, "energy": 74.152068, "activity_lines": [ 29.070697, 28.553623, 27.927935, 27.41808 ] }, { "date": "2025-10-03", "close": 28.270946, "volume": 4268532, "typical_volume": 4319271.15, "trend": 26.840578, "fair_value": 24.266102, "relative_strength": -9.063621, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.256187, "energy": 47.482696, "activity_lines": [ 28.820475, 28.591688, 28.005265, 27.515835 ] }, { "date": "2025-10-10", "close": 27.076674, "volume": 2875573, "typical_volume": 4245879.7, "trend": 26.896972, "fair_value": 24.307309, "relative_strength": -10.400953, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.464708, "energy": 18.033571, "activity_lines": [ 28.146127, 28.392302, 27.959339, 27.531067 ] }, { "date": "2025-10-17", "close": 27.45845, "volume": 2885602, "typical_volume": 4206932.85, "trend": 26.967355, "fair_value": 24.347668, "relative_strength": -10.272865, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.581749, "energy": 22.319417, "activity_lines": [ 27.774038, 28.250524, 27.943797, 27.567292 ] }, { "date": "2025-10-24", "close": 27.771701, "volume": 3125069, "typical_volume": 4147564.05, "trend": 27.030808, "fair_value": 24.381248, "relative_strength": -10.525378, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.791627, "energy": 22.003731, "activity_lines": [ 27.655914, 28.155583, 27.952578, 27.619185 ] }, { "date": "2025-10-31", "close": 27.575919, "volume": 5032419, "typical_volume": 4218000.45, "trend": 27.115459, "fair_value": 24.412365, "relative_strength": -11.309277, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.650982, "energy": 20.26961, "activity_lines": [ 27.584403, 28.010817, 27.938768, 27.654353 ] }, { "date": "2025-11-07", "close": 28.368837, "volume": 4728431, "typical_volume": 4278753.65, "trend": 27.244745, "fair_value": 24.441863, "relative_strength": -6.906971, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.895819, "energy": 15.768787, "activity_lines": [ 27.830436, 28.018574, 27.99965, 27.735217 ] }, { "date": "2025-11-14", "close": 28.310102, "volume": 2793375, "typical_volume": 4153003.45, "trend": 27.345884, "fair_value": 24.477412, "relative_strength": -6.981334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.712461, "energy": 16.075523, "activity_lines": [ 28.050364, 28.006771, 28.05002, 27.803949 ] }, { "date": "2025-11-21", "close": 29.494584, "volume": 6205298, "typical_volume": 4295648.75, "trend": 27.487145, "fair_value": 24.514896, "relative_strength": -0.938611, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.547794, "energy": 39.937986, "activity_lines": [ 28.582892, 28.23563, 28.205091, 27.942575 ] }, { "date": "2025-11-28", "close": 30.081931, "volume": 4940251, "typical_volume": 4350790.15, "trend": 27.641596, "fair_value": 24.559989, "relative_strength": -2.237391, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.90945, "energy": 64.845702, "activity_lines": [ 29.175459, 28.575045, 28.406615, 28.109981 ] }, { "date": "2025-12-05", "close": 28.496095, "volume": 3374298, "typical_volume": 4323878.5, "trend": 27.736159, "fair_value": 24.601069, "relative_strength": -7.328771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.835394, "energy": 57.84994, "activity_lines": [ 29.085399, 28.614632, 28.444316, 28.16511 ] }, { "date": "2025-12-12", "close": 28.858292, "volume": 4538412, "typical_volume": 4414153.65, "trend": 27.822356, "fair_value": 24.645458, "relative_strength": -5.253606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.411184, "energy": 55.480513, "activity_lines": [ 29.054727, 28.717863, 28.509291, 28.237505 ] }, { "date": "2025-12-19", "close": 28.045796, "volume": 5653384, "typical_volume": 4420274.3, "trend": 27.89648, "fair_value": 24.682608, "relative_strength": -7.684937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.556448, "energy": 25.309954, "activity_lines": [ 28.720592, 28.662688, 28.488769, 28.251921 ] }, { "date": "2025-12-26", "close": 27.585708, "volume": 2852450, "typical_volume": 4367538.95, "trend": 27.939298, "fair_value": 24.715464, "relative_strength": -10.107026, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.796934, "energy": 11.942122, "activity_lines": [ 28.250715, 28.50624, 28.416722, 28.231871 ] }, { "date": "2026-01-02", "close": 27.205498, "volume": 3942805, "typical_volume": 4403169.85, "trend": 27.948045, "fair_value": 24.744218, "relative_strength": -10.016623, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.942011, "energy": 21.959213, "activity_lines": [ 27.781359, 28.27835, 28.305209, 28.184529 ] }, { "date": "2026-01-09", "close": 29.254075, "volume": 8225393, "typical_volume": 4589508.1, "trend": 28.009747, "fair_value": 24.77639, "relative_strength": -4.505649, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.910112, "energy": 21.047818, "activity_lines": [ 28.186625, 28.433222, 28.387768, 28.268789 ] }, { "date": "2026-01-16", "close": 30.520828, "volume": 4162266, "typical_volume": 4532469.95, "trend": 28.115909, "fair_value": 24.815296, "relative_strength": 0.120944, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.303589, "energy": 29.916752, "activity_lines": [ 28.96361, 28.787901, 28.585168, 28.430794 ] }, { "date": "2026-01-23", "close": 30.313001, "volume": 5253916, "typical_volume": 4446086.85, "trend": 28.239418, "fair_value": 24.852813, "relative_strength": -0.077723, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.894064, "energy": 57.570333, "activity_lines": [ 29.560483, 29.065667, 28.750201, 28.572542 ] }, { "date": "2026-01-30", "close": 30.491138, "volume": 7260342, "typical_volume": 4612389.15, "trend": 28.339035, "fair_value": 24.897245, "relative_strength": 0.235471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.537378, "energy": 68.628772, "activity_lines": [ 30.065588, 29.339404, 28.929288, 28.717814 ] }, { "date": "2026-02-06", "close": 32.114166, "volume": 7464554, "typical_volume": 4725523.6, "trend": 28.496305, "fair_value": 24.957243, "relative_strength": 5.803817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.255393, "energy": 83.218573, "activity_lines": [ 30.918008, 29.890119, 29.25919, 28.961371 ] }, { "date": "2026-02-13", "close": 31.213583, "volume": 7302146, "typical_volume": 4844225.8, "trend": 28.637441, "fair_value": 25.011467, "relative_strength": 4.043074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.110785, "energy": 76.390625, "activity_lines": [ 31.142988, 30.240141, 29.490635, 29.136679 ] }, { "date": "2026-02-20", "close": 32.114166, "volume": 6772723, "typical_volume": 4969435.35, "trend": 28.802784, "fair_value": 25.076183, "relative_strength": 5.676791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.015772, "energy": 81.855637, "activity_lines": [ 31.537529, 30.704497, 29.79433, 29.360984 ] }, { "date": "2026-02-27", "close": 31.4511, "volume": 5509883, "typical_volume": 5101150.85, "trend": 28.970243, "fair_value": 25.136315, "relative_strength": 3.912405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.153006, "energy": 73.417131, "activity_lines": [ 31.604826, 30.989098, 30.016576, 29.531843 ] }, { "date": "2026-03-06", "close": 31.718305, "volume": 4129403, "typical_volume": 5163340.9, "trend": 29.130786, "fair_value": 25.206374, "relative_strength": 6.824222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.475133, "energy": 55.45763, "activity_lines": [ 31.685317, 31.260367, 30.243438, 29.709138 ] }, { "date": "2026-03-13", "close": 31.342238, "volume": 6135046, "typical_volume": 5313839.75, "trend": 29.275888, "fair_value": 25.28035, "relative_strength": 7.086924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.829021, "energy": 48.055042, "activity_lines": [ 31.558642, 31.388122, 30.4142, 29.851812 ] }, { "date": "2026-03-20", "close": 30.877102, "volume": 6132332, "typical_volume": 5368835.4, "trend": 29.37061, "fair_value": 25.354952, "relative_strength": 7.331641, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.533662, "energy": 34.915029, "activity_lines": [ 31.328383, 31.356093, 30.52366, 29.955116 ] }, { "date": "2026-03-27", "close": 30.293208, "volume": 5012958, "typical_volume": 5383061.75, "trend": 29.451036, "fair_value": 25.415918, "relative_strength": 7.674589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.654515, "energy": 24.249833, "activity_lines": [ 30.925925, 31.188392, 30.561792, 30.014639 ] }, { "date": "2026-04-03", "close": 31.35, "volume": 4110815, "typical_volume": 5448933.75, "trend": 29.50598, "fair_value": 25.484052, "relative_strength": 7.845314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.13789, "energy": 21.534544, "activity_lines": [ 30.997128, 31.216974, 30.691406, 30.137152 ] }, { "date": "2026-04-10", "close": 32.24, "volume": 3492239, "typical_volume": 5313280.8, "trend": 29.590591, "fair_value": 25.562723, "relative_strength": 7.000836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.486117, "energy": 31.271731, "activity_lines": [ 31.371738, 31.388519, 30.891307, 30.313541 ] }, { "date": "2026-04-17", "close": 32.49, "volume": 4234790, "typical_volume": 5278007.75, "trend": 29.691931, "fair_value": 25.6453, "relative_strength": 3.298079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.240309, "energy": 42.575663, "activity_lines": [ 31.794901, 31.573722, 31.101944, 30.500599 ] }, { "date": "2026-04-24", "close": 32.11, "volume": 3859164, "typical_volume": 5302251.05, "trend": 29.816448, "fair_value": 25.72252, "relative_strength": 1.609111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.140995, "energy": 53.383928, "activity_lines": [ 32.014881, 31.683, 31.264924, 30.656604 ] }, { "date": "2026-05-01", "close": 30.739687, "volume": 6697411, "typical_volume": 5410201.0, "trend": 29.898739, "fair_value": 25.782134, "relative_strength": -3.517089, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.875995, "energy": 36.148773, "activity_lines": [ 31.695896, 31.526832, 31.280188, 30.716168 ] }, { "date": "2026-05-08", "close": 31.423672, "volume": 4775967, "typical_volume": 5366330.15, "trend": 30.043639, "fair_value": 25.851808, "relative_strength": -3.49717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.565547, "energy": 29.724414, "activity_lines": [ 31.575141, 31.520015, 31.351635, 30.81455 ] }, { "date": "2026-05-15", "close": 31.433585, "volume": 3673225, "typical_volume": 5407368.9, "trend": 30.176144, "fair_value": 25.924916, "relative_strength": -3.576893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.172461, "energy": 18.481354, "activity_lines": [ 31.452778, 31.515499, 31.407941, 30.904224 ] }, { "date": "2026-05-22", "close": 31.849924, "volume": 4716950, "typical_volume": 5446076.15, "trend": 30.312085, "fair_value": 26.003728, "relative_strength": -3.046658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.748293, "energy": 17.803704, "activity_lines": [ 31.522957, 31.591858, 31.485575, 31.01221 ] }, { "date": "2026-05-29", "close": 31.780534, "volume": 3161273, "typical_volume": 5192870.15, "trend": 30.452238, "fair_value": 26.076307, "relative_strength": -4.5139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.290768, "energy": 21.106202, "activity_lines": [ 31.612677, 31.64637, 31.534484, 31.106949 ] }, { "date": "2026-06-05", "close": 32.365391, "volume": 5533194, "typical_volume": 5261416.55, "trend": 30.585457, "fair_value": 26.148758, "relative_strength": -0.190877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.456086, "energy": 31.234744, "activity_lines": [ 31.919314, 31.790794, 31.627063, 31.230378 ] }, { "date": "2026-06-12", "close": 34.238916, "volume": 4812974, "typical_volume": 5239369.45, "trend": 30.783084, "fair_value": 26.232377, "relative_strength": 5.001192, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.732358, "energy": 64.131551, "activity_lines": [ 32.742079, 32.238182, 31.889289, 31.466085 ] }, { "date": "2026-06-19", "close": 33.227807, "volume": 3778885, "typical_volume": 5065296.6, "trend": 30.907525, "fair_value": 26.316818, "relative_strength": 1.050716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.057021, "energy": 63.521234, "activity_lines": [ 33.040124, 32.449207, 32.036524, 31.623809 ] }, { "date": "2026-06-26", "close": 36.0034, "volume": 9605616, "typical_volume": 5172349.7, "trend": 31.104907, "fair_value": 26.412563, "relative_strength": 11.882176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.057636, "energy": 83.224348, "activity_lines": [ 34.143753, 33.146925, 32.43507, 31.952575 ] }, { "date": "2026-07-03", "close": 37.67, "volume": 4557124, "typical_volume": 5035098.6, "trend": 31.410704, "fair_value": 26.514955, "relative_strength": 14.275115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.716806, "energy": 92.005878, "activity_lines": [ 35.526016, 34.083781, 32.97382, 32.37613 ] }, { "date": "2026-07-10", "close": 36.52, "volume": 4600862, "typical_volume": 4926505.55, "trend": 31.666094, "fair_value": 26.605028, "relative_strength": 9.106456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.920232, "energy": 86.709046, "activity_lines": [ 36.132315, 34.710455, 33.3723, 32.705762 ] }, { "date": "2026-07-17", "close": 37.59, "volume": 4451245, "typical_volume": 4873573.65, "trend": 31.984234, "fair_value": 26.700026, "relative_strength": 13.714304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.39352, "energy": 90.537301, "activity_lines": [ 36.818307, 35.426579, 33.851706, 33.087949 ] }, { "date": "2026-07-24", "close": 38.03, "volume": 4350627, "typical_volume": 4884634.85, "trend": 32.332377, "fair_value": 26.795968, "relative_strength": 15.306638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.182041, "energy": 89.5695, "activity_lines": [ 37.42756, 36.110587, 34.343783, 33.477998 ] }, { "date": "2026-07-31", "close": 37.96, "volume": 5170009, "typical_volume": 4836383.0, "trend": 32.690861, "fair_value": 26.891349, "relative_strength": 13.463273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.406149, "energy": 81.846168, "activity_lines": [ 37.693333, 36.661933, 34.799138, 33.841071 ] }, { "date": "2026-08-07", "close": 37.14, "volume": 4215611, "typical_volume": 4740546.95, "trend": 32.953725, "fair_value": 26.980505, "relative_strength": 7.001085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.415443, "energy": 63.271366, "activity_lines": [ 37.555333, 36.953095, 35.144885, 34.128112 ] } ], "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." } } }