{ "ticker": { "uuid": "9f746863-6745-4502-a6d3-7fa96ad585a8", "symbol": "LEAD", "name": "Evolve Future Leadership Hedged", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 66.109, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 48.461, "architecture_energy": 22.119, "architecture_maturity": 42.853, "architecture_confidence": 76.143, "architecture_tenure": "Developing", "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": 38.26, "rotation_up": 33.98, "upward_expansion": 59.09, "deceleration": 83.02, "rotation_down": 28.33, "downward_expansion": 20.42 }, "activity_lines": [ 20.610268, 20.613399, 20.588357, 20.312875 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 20.92, "trend_reference": 20.105879, "distance_from_trend": 0.040492, "trend_direction": "Weakening", "fair_value": 18.227479, "distance_from_fair_value": 0.147718, "fair_value_direction": "Weakening", "relative_strength": -11.023477, "relative_strength_direction": "Improving", "price_momentum": 0.083609, "excess_performance": -0.036812, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040492, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.016174, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.147718, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.019403, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.110235, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.023453, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.083609, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.363636, "read": "Demand-led" } ], "volume": { "latest": 600, "relative_activity": 0.234375, "balance": 1.363636, "dry_up": 0.361328, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.025389, "annualized_volatility": 0.163383, "from_high_reference": -0.094049, "from_low_reference": 0.171228 }, "levels": { "trend_reference": 20.105879, "fair_value_reference": 18.227479, "structural_low": 17.861593, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.028901, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.022362, "regime_survival": 0.5, "best_return": 0.078089, "worst_return": -0.024214, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.08341, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.057116, "regime_survival": 0.0, "best_return": 0.158854, "worst_return": -0.126595, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.106465, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.044913, "regime_survival": 0.2, "best_return": 0.350625, "worst_return": -0.080463, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.320281, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.19424, "regime_survival": 0.0, "best_return": 0.460988, "worst_return": 0.179575, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-09-27", "tenure": "Developing", "return": 0.037936, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-01-03", "tenure": "Established", "return": 0.108757, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.063211, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.068114, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.030482, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": 0.071309, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.095452, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": -0.019946, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.024495, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-21", "tenure": "Developing", "return": -0.059503, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-30", "tenure": "Developing", "return": -0.056298, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-05-08", "tenure": "Established", "return": 0.05932, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-06-26", "tenure": "Developing", "return": -0.04352, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.005192, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.068099, "volume": 500, "typical_volume": 1145.0, "trend": 11.785888, "fair_value": 13.148444, "relative_strength": 6.549944, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.469131, "energy": 42.042163, "activity_lines": [ 12.36501, 12.420565, 12.235787, 12.025319 ] }, { "date": "2023-08-25", "close": 12.146567, "volume": 500, "typical_volume": 1105.0, "trend": 11.814969, "fair_value": 13.141938, "relative_strength": 7.047423, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.690738, "energy": 30.510227, "activity_lines": [ 12.254849, 12.374067, 12.24817, 12.048588 ] }, { "date": "2023-09-01", "close": 12.448845, "volume": 1000, "typical_volume": 1125.0, "trend": 11.836936, "fair_value": 13.137466, "relative_strength": 5.830256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.764278, "energy": 31.586362, "activity_lines": [ 12.281328, 12.385847, 12.285682, 12.089484 ] }, { "date": "2023-09-08", "close": 12.425146, "volume": 300, "typical_volume": 1135.0, "trend": 11.865893, "fair_value": 13.1329, "relative_strength": 7.973743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.263442, "energy": 26.380264, "activity_lines": [ 12.323172, 12.387762, 12.316747, 12.127433 ] }, { "date": "2023-09-15", "close": 12.480441, "volume": 200, "typical_volume": 1145.0, "trend": 11.899202, "fair_value": 13.131692, "relative_strength": 5.479986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.429667, "energy": 33.907407, "activity_lines": [ 12.38737, 12.395946, 12.348457, 12.167081 ] }, { "date": "2023-09-22", "close": 12.014398, "volume": 600, "typical_volume": 1095.0, "trend": 11.921494, "fair_value": 13.128525, "relative_strength": 5.767024, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.821431, "energy": 14.868548, "activity_lines": [ 12.287563, 12.315738, 12.330628, 12.174513 ] }, { "date": "2023-09-29", "close": 12.058645, "volume": 100, "typical_volume": 1015.0, "trend": 11.944881, "fair_value": 13.123461, "relative_strength": 7.318065, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.92418, "energy": 8.887951, "activity_lines": [ 12.206085, 12.25548, 12.313382, 12.183361 ] }, { "date": "2023-10-06", "close": 12.058645, "volume": 2000, "typical_volume": 1095.0, "trend": 11.983937, "fair_value": 13.117329, "relative_strength": 8.847182, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.116542, "energy": 15.47945, "activity_lines": [ 12.130468, 12.206606, 12.293649, 12.190701 ] }, { "date": "2023-10-13", "close": 12.432493, "volume": 16900, "typical_volume": 1930.0, "trend": 12.031411, "fair_value": 13.112689, "relative_strength": 10.717312, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.015973, "energy": 20.872145, "activity_lines": [ 12.205481, 12.239144, 12.308059, 12.21964 ] }, { "date": "2023-10-20", "close": 12.193865, "volume": 12800, "typical_volume": 2445.0, "trend": 12.067645, "fair_value": 13.108204, "relative_strength": 10.301816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.040584, "energy": 11.136286, "activity_lines": [ 12.200461, 12.229231, 12.296941, 12.230121 ] }, { "date": "2023-10-27", "close": 11.788196, "volume": 8000, "typical_volume": 2805.0, "trend": 12.079276, "fair_value": 13.104316, "relative_strength": 8.553997, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -18.412824, "energy": 23.483065, "activity_lines": [ 12.079324, 12.14841, 12.246505, 12.212092 ] }, { "date": "2023-11-03", "close": 12.433084, "volume": 17800, "typical_volume": 3585.0, "trend": 12.114439, "fair_value": 13.09989, "relative_strength": 7.86534, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.745259, "energy": 12.393764, "activity_lines": [ 12.188229, 12.189929, 12.258845, 12.234918 ] }, { "date": "2023-11-10", "close": 12.753524, "volume": 8300, "typical_volume": 3845.0, "trend": 12.153919, "fair_value": 13.098014, "relative_strength": 11.226729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.882252, "energy": 28.434791, "activity_lines": [ 12.378984, 12.284502, 12.301208, 12.27615 ] }, { "date": "2023-11-17", "close": 13.146066, "volume": 5200, "typical_volume": 4100.0, "trend": 12.210303, "fair_value": 13.09853, "relative_strength": 11.277767, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.141316, "energy": 70.957261, "activity_lines": [ 12.654262, 12.444906, 12.378049, 12.340159 ] }, { "date": "2023-11-24", "close": 13.378383, "volume": 35300, "typical_volume": 5855.0, "trend": 12.276315, "fair_value": 13.099273, "relative_strength": 13.204523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.96463, "energy": 88.170989, "activity_lines": [ 12.959408, 12.634442, 12.472592, 12.415519 ] }, { "date": "2023-12-01", "close": 13.406801, "volume": 2900, "typical_volume": 5825.0, "trend": 12.348145, "fair_value": 13.099532, "relative_strength": 11.100887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.133416, "energy": 93.160186, "activity_lines": [ 13.195058, 12.812818, 12.564608, 12.488454 ] }, { "date": "2023-12-08", "close": 13.447116, "volume": 2900, "typical_volume": 5960.0, "trend": 12.411833, "fair_value": 13.099177, "relative_strength": 11.661606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.151932, "energy": 91.846617, "activity_lines": [ 13.336239, 12.973209, 12.65695, 12.559355 ] }, { "date": "2023-12-15", "close": 13.721215, "volume": 23200, "typical_volume": 7025.0, "trend": 12.47748, "fair_value": 13.098751, "relative_strength": 12.366419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.039212, "energy": 94.136148, "activity_lines": [ 13.501185, 13.15819, 12.771768, 12.643831 ] }, { "date": "2023-12-22", "close": 13.938881, "volume": 1100, "typical_volume": 7020.0, "trend": 12.547306, "fair_value": 13.099554, "relative_strength": 11.734204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.389139, "energy": 95.336918, "activity_lines": [ 13.674173, 13.352518, 12.902918, 12.738115 ] }, { "date": "2023-12-29", "close": 14.09715, "volume": 0, "typical_volume": 6980.0, "trend": 12.615534, "fair_value": 13.101057, "relative_strength": 12.103668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.274469, "energy": 94.42272, "activity_lines": [ 13.847063, 13.548234, 13.042213, 12.838105 ] }, { "date": "2024-01-05", "close": 13.845703, "volume": 800, "typical_volume": 6995.0, "trend": 12.674607, "fair_value": 13.098192, "relative_strength": 9.746812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.244374, "energy": 85.389252, "activity_lines": [ 13.88822, 13.663627, 13.149244, 12.917471 ] }, { "date": "2024-01-12", "close": 14.137707, "volume": 3100, "typical_volume": 7125.0, "trend": 12.734894, "fair_value": 13.097158, "relative_strength": 11.292406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.020107, "energy": 88.036702, "activity_lines": [ 13.997452, 13.794703, 13.27562, 13.011864 ] }, { "date": "2024-01-19", "close": 14.186374, "volume": 4700, "typical_volume": 7310.0, "trend": 12.802999, "fair_value": 13.094764, "relative_strength": 11.578417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.073232, "energy": 78.334142, "activity_lines": [ 14.076866, 13.903633, 13.39715, 13.105508 ] }, { "date": "2024-01-26", "close": 14.478374, "volume": 4500, "typical_volume": 7520.0, "trend": 12.878379, "fair_value": 13.097981, "relative_strength": 12.195037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.36071, "energy": 87.258585, "activity_lines": [ 14.222603, 14.039603, 13.538215, 13.213597 ] }, { "date": "2024-02-02", "close": 14.734372, "volume": 2200, "typical_volume": 7620.0, "trend": 12.960213, "fair_value": 13.098559, "relative_strength": 13.927204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.973293, "energy": 96.704417, "activity_lines": [ 14.417706, 14.197894, 13.693883, 13.333338 ] }, { "date": "2024-02-09", "close": 15.272836, "volume": 2400, "typical_volume": 7710.0, "trend": 13.047002, "fair_value": 13.099399, "relative_strength": 17.900364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.444106, "energy": 98.578067, "activity_lines": [ 14.749816, 14.429434, 13.890101, 13.48254 ] }, { "date": "2024-02-16", "close": 15.39522, "volume": 900, "typical_volume": 7750.0, "trend": 13.137351, "fair_value": 13.102073, "relative_strength": 16.869514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.553307, "energy": 98.034915, "activity_lines": [ 15.027579, 14.649297, 14.082458, 13.634038 ] }, { "date": "2024-02-23", "close": 15.32179, "volume": 5400, "typical_volume": 7920.0, "trend": 13.221483, "fair_value": 13.110101, "relative_strength": 14.905525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.443475, "energy": 93.009264, "activity_lines": [ 15.19703, 14.820389, 14.251933, 13.774969 ] }, { "date": "2024-03-01", "close": 15.570648, "volume": 1000, "typical_volume": 7125.0, "trend": 13.324372, "fair_value": 13.123181, "relative_strength": 15.409415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.025245, "energy": 91.498726, "activity_lines": [ 15.37374, 15.007627, 14.42957, 13.926528 ] }, { "date": "2024-03-08", "close": 15.915211, "volume": 700, "typical_volume": 6520.0, "trend": 13.443193, "fair_value": 13.135433, "relative_strength": 16.30992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.557152, "energy": 76.552246, "activity_lines": [ 15.592486, 15.227844, 14.625079, 14.093679 ] }, { "date": "2024-03-15", "close": 15.956219, "volume": 600, "typical_volume": 6150.0, "trend": 13.572797, "fair_value": 13.148329, "relative_strength": 15.44041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.007895, "energy": 74.570567, "activity_lines": [ 15.746179, 15.422461, 14.806773, 14.25581 ] }, { "date": "2024-03-22", "close": 16.226946, "volume": 800, "typical_volume": 5300.0, "trend": 13.70881, "fair_value": 13.165068, "relative_strength": 16.083772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.296328, "energy": 75.280441, "activity_lines": [ 15.944555, 15.627929, 14.994403, 14.427045 ] }, { "date": "2024-03-29", "close": 16.370354, "volume": 2900, "typical_volume": 5030.0, "trend": 13.839527, "fair_value": 13.17974, "relative_strength": 15.551467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.945365, "energy": 74.478021, "activity_lines": [ 16.135285, 15.821484, 15.177625, 14.598758 ] }, { "date": "2024-04-05", "close": 15.85904, "volume": 2100, "typical_volume": 4875.0, "trend": 13.95399, "fair_value": 13.188167, "relative_strength": 10.955358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.245529, "energy": 68.066013, "activity_lines": [ 16.085674, 15.882365, 15.294927, 14.729049 ] }, { "date": "2024-04-12", "close": 15.867287, "volume": 1300, "typical_volume": 3175.0, "trend": 14.066885, "fair_value": 13.19508, "relative_strength": 12.313924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.493996, "energy": 66.640212, "activity_lines": [ 16.019585, 15.919642, 15.400095, 14.852488 ] }, { "date": "2024-04-19", "close": 15.009593, "volume": 2300, "typical_volume": 3145.0, "trend": 14.166725, "fair_value": 13.196325, "relative_strength": 6.26718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.47907, "energy": 49.358684, "activity_lines": [ 15.670792, 15.780376, 15.411727, 14.913307 ] }, { "date": "2024-04-26", "close": 15.545654, "volume": 1800, "typical_volume": 3090.0, "trend": 14.282958, "fair_value": 13.201029, "relative_strength": 8.75046, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.969951, "energy": 30.715504, "activity_lines": [ 15.563796, 15.743362, 15.466779, 15.002271 ] }, { "date": "2024-05-03", "close": 15.549797, "volume": 6300, "typical_volume": 2245.0, "trend": 14.39933, "fair_value": 13.208187, "relative_strength": 8.372603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.993781, "energy": 29.238594, "activity_lines": [ 15.5036, 15.704366, 15.512233, 15.084002 ] }, { "date": "2024-05-10", "close": 15.541508, "volume": 600, "typical_volume": 2220.0, "trend": 14.502964, "fair_value": 13.21742, "relative_strength": 6.148509, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.755133, "energy": 28.733361, "activity_lines": [ 15.495344, 15.659717, 15.548191, 15.157691 ] }, { "date": "2024-05-17", "close": 15.956171, "volume": 1600, "typical_volume": 2300.0, "trend": 14.628374, "fair_value": 13.227566, "relative_strength": 7.801974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.384989, "energy": 36.626205, "activity_lines": [ 15.646479, 15.690992, 15.616008, 15.251446 ] }, { "date": "2024-05-24", "close": 16.229847, "volume": 400, "typical_volume": 2280.0, "trend": 14.776429, "fair_value": 13.236477, "relative_strength": 9.93552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.426332, "energy": 54.048161, "activity_lines": [ 15.882913, 15.771281, 15.701037, 15.354767 ] }, { "date": "2024-05-31", "close": 16.00947, "volume": 100, "typical_volume": 2130.0, "trend": 14.895642, "fair_value": 13.244363, "relative_strength": 8.326075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.024389, "energy": 51.896743, "activity_lines": [ 15.964538, 15.806527, 15.753725, 15.434318 ] }, { "date": "2024-06-07", "close": 16.543116, "volume": 100, "typical_volume": 1900.0, "trend": 15.021962, "fair_value": 13.254294, "relative_strength": 12.796889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.871601, "energy": 78.568053, "activity_lines": [ 16.193123, 15.942753, 15.848323, 15.540607 ] }, { "date": "2024-06-14", "close": 16.61816, "volume": 500, "typical_volume": 1700.0, "trend": 15.137698, "fair_value": 13.263846, "relative_strength": 14.735872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.921624, "energy": 86.212479, "activity_lines": [ 16.380503, 16.089482, 15.938846, 15.643587 ] }, { "date": "2024-06-21", "close": 16.659847, "volume": 3100, "typical_volume": 1745.0, "trend": 15.24708, "fair_value": 13.27229, "relative_strength": 14.985547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.234316, "energy": 88.547756, "activity_lines": [ 16.510001, 16.229989, 16.023149, 15.741791 ] }, { "date": "2024-06-28", "close": 16.939856, "volume": 2300, "typical_volume": 1740.0, "trend": 15.364849, "fair_value": 13.280268, "relative_strength": 14.651265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.537959, "energy": 92.671491, "activity_lines": [ 16.685923, 16.406996, 16.124951, 15.851002 ] }, { "date": "2024-07-05", "close": 17.182936, "volume": 700, "typical_volume": 1730.0, "trend": 15.489376, "fair_value": 13.2911, "relative_strength": 14.808404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.082349, "energy": 94.058258, "activity_lines": [ 16.895539, 16.593104, 16.241965, 15.968298 ] }, { "date": "2024-07-12", "close": 17.409248, "volume": 1800, "typical_volume": 1550.0, "trend": 15.612311, "fair_value": 13.302734, "relative_strength": 12.712548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.883318, "energy": 94.362704, "activity_lines": [ 17.10236, 16.790591, 16.37202, 16.092161 ] }, { "date": "2024-07-19", "close": 17.006914, "volume": 3500, "typical_volume": 1675.0, "trend": 15.714578, "fair_value": 13.309415, "relative_strength": 9.616679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.999373, "energy": 84.558486, "activity_lines": [ 17.117329, 16.881118, 16.453817, 16.182135 ] }, { "date": "2024-07-26", "close": 16.688402, "volume": 1400, "typical_volume": 1710.0, "trend": 15.800953, "fair_value": 13.315322, "relative_strength": 6.653938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.367916, "energy": 63.488869, "activity_lines": [ 17.000209, 16.88709, 16.49844, 16.244962 ] }, { "date": "2024-08-02", "close": 16.414639, "volume": 1700, "typical_volume": 1765.0, "trend": 15.886585, "fair_value": 13.318434, "relative_strength": 7.309901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.606956, "energy": 42.968198, "activity_lines": [ 16.789932, 16.829973, 16.513309, 16.284555 ] }, { "date": "2024-08-09", "close": 16.111284, "volume": 1400, "typical_volume": 1795.0, "trend": 15.95237, "fair_value": 13.319774, "relative_strength": 4.589878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.467877, "energy": 22.315287, "activity_lines": [ 16.513551, 16.714341, 16.497104, 16.299052 ] }, { "date": "2024-08-16", "close": 16.760117, "volume": 1900, "typical_volume": 1745.0, "trend": 16.038162, "fair_value": 13.325707, "relative_strength": 4.948999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.329201, "energy": 27.014233, "activity_lines": [ 16.52489, 16.714828, 16.543243, 16.351164 ] }, { "date": "2024-08-23", "close": 16.894936, "volume": 2200, "typical_volume": 1750.0, "trend": 16.118714, "fair_value": 13.329815, "relative_strength": 4.413377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.072068, "energy": 25.170712, "activity_lines": [ 16.624445, 16.735882, 16.600366, 16.40644 ] }, { "date": "2024-08-30", "close": 16.856647, "volume": 7300, "typical_volume": 2050.0, "trend": 16.189456, "fair_value": 13.332174, "relative_strength": 3.575735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.476966, "energy": 23.416239, "activity_lines": [ 16.718702, 16.744942, 16.648909, 16.454049 ] }, { "date": "2024-09-06", "close": 16.094282, "volume": 400, "typical_volume": 1955.0, "trend": 16.216838, "fair_value": 13.330126, "relative_strength": 1.099012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.27769, "energy": 8.748506, "activity_lines": [ 16.547622, 16.611811, 16.620136, 16.447908 ] }, { "date": "2024-09-13", "close": 16.822762, "volume": 1600, "typical_volume": 1945.0, "trend": 16.264423, "fair_value": 13.334534, "relative_strength": 1.840743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.61699, "energy": 21.563832, "activity_lines": [ 16.640725, 16.626506, 16.655576, 16.487 ] }, { "date": "2024-09-20", "close": 16.949821, "volume": 7200, "typical_volume": 1990.0, "trend": 16.31869, "fair_value": 13.33871, "relative_strength": 1.040856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.938092, "energy": 23.514889, "activity_lines": [ 16.728749, 16.670851, 16.697035, 16.53122 ] }, { "date": "2024-09-27", "close": 17.395924, "volume": 3200, "typical_volume": 2120.0, "trend": 16.379533, "fair_value": 13.34935, "relative_strength": 3.005825, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.696352, "energy": 38.206508, "activity_lines": [ 16.952827, 16.804659, 16.774314, 16.600719 ] }, { "date": "2024-10-04", "close": 17.27672, "volume": 1800, "typical_volume": 2130.0, "trend": 16.424917, "fair_value": 13.358657, "relative_strength": 1.183648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.054038, "energy": 60.051364, "activity_lines": [ 17.103771, 16.909721, 16.831409, 16.658602 ] }, { "date": "2024-10-11", "close": 17.838699, "volume": 4500, "typical_volume": 2335.0, "trend": 16.487666, "fair_value": 13.36986, "relative_strength": 2.905744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.061819, "energy": 75.085254, "activity_lines": [ 17.414037, 17.106264, 16.935738, 16.749813 ] }, { "date": "2024-10-18", "close": 18.060085, "volume": 5300, "typical_volume": 2595.0, "trend": 16.548771, "fair_value": 13.379462, "relative_strength": 2.458989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.937587, "energy": 83.580607, "activity_lines": [ 17.681803, 17.317167, 17.05349, 16.85126 ] }, { "date": "2024-10-25", "close": 18.008997, "volume": 2800, "typical_volume": 2730.0, "trend": 16.603392, "fair_value": 13.388099, "relative_strength": 3.368033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.939526, "energy": 83.825001, "activity_lines": [ 17.850052, 17.483348, 17.156611, 16.945468 ] }, { "date": "2024-11-01", "close": 17.908087, "volume": 1700, "typical_volume": 2790.0, "trend": 16.671694, "fair_value": 13.393981, "relative_strength": 3.362112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.057929, "energy": 79.554969, "activity_lines": [ 17.914053, 17.608475, 17.243142, 17.029642 ] }, { "date": "2024-11-08", "close": 19.080282, "volume": 2900, "typical_volume": 2780.0, "trend": 16.778793, "fair_value": 13.408475, "relative_strength": 7.532707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.386414, "energy": 93.111828, "activity_lines": [ 18.334641, 17.928308, 17.435168, 17.185035 ] }, { "date": "2024-11-15", "close": 19.422527, "volume": 1500, "typical_volume": 2740.0, "trend": 16.925891, "fair_value": 13.424064, "relative_strength": 8.509267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.423245, "energy": 94.53953, "activity_lines": [ 18.749074, 18.269937, 17.648263, 17.355598 ] }, { "date": "2024-11-22", "close": 20.346596, "volume": 7600, "typical_volume": 3085.0, "trend": 17.085923, "fair_value": 13.449356, "relative_strength": 10.801096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.207231, "energy": 96.995173, "activity_lines": [ 19.36594, 18.719065, 17.937542, 17.576289 ] }, { "date": "2024-11-29", "close": 20.300318, "volume": 1200, "typical_volume": 3055.0, "trend": 17.244273, "fair_value": 13.480996, "relative_strength": 9.275081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.637497, "energy": 94.645668, "activity_lines": [ 19.814947, 19.09571, 18.207349, 17.783669 ] }, { "date": "2024-12-06", "close": 20.815994, "volume": 5700, "typical_volume": 3165.0, "trend": 17.420089, "fair_value": 13.512543, "relative_strength": 11.419635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.348679, "energy": 95.367491, "activity_lines": [ 20.283091, 19.505195, 18.5125, 18.014103 ] }, { "date": "2024-12-13", "close": 20.532372, "volume": 700, "typical_volume": 3130.0, "trend": 17.57263, "fair_value": 13.543728, "relative_strength": 11.293115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.860913, "energy": 90.231366, "activity_lines": [ 20.462834, 19.80093, 18.772502, 18.214895 ] }, { "date": "2024-12-20", "close": 19.767456, "volume": 2500, "typical_volume": 3170.0, "trend": 17.69055, "fair_value": 13.568023, "relative_strength": 9.693046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.076261, "energy": 73.623352, "activity_lines": [ 20.290799, 19.898396, 18.94135, 18.356497 ] }, { "date": "2024-12-27", "close": 20.094049, "volume": 100, "typical_volume": 3105.0, "trend": 17.826702, "fair_value": 13.594167, "relative_strength": 10.221404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.99239, "energy": 65.551699, "activity_lines": [ 20.204633, 20.020173, 19.125336, 18.511561 ] }, { "date": "2025-01-03", "close": 19.155678, "volume": 100, "typical_volume": 3015.0, "trend": 17.913788, "fair_value": 13.620814, "relative_strength": 3.634569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.618417, "energy": 48.566364, "activity_lines": [ 19.822513, 19.934357, 19.200987, 18.597302 ] }, { "date": "2025-01-10", "close": 19.475948, "volume": 300, "typical_volume": 2920.0, "trend": 18.009047, "fair_value": 13.651111, "relative_strength": 6.355238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.487731, "energy": 33.297885, "activity_lines": [ 19.623459, 19.885923, 19.295734, 18.698086 ] }, { "date": "2025-01-17", "close": 20.194393, "volume": 1700, "typical_volume": 2640.0, "trend": 18.126866, "fair_value": 13.692711, "relative_strength": 8.599111, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.815246, "energy": 36.01388, "activity_lines": [ 19.753223, 19.939609, 19.446613, 18.839076 ] }, { "date": "2025-01-24", "close": 20.471386, "volume": 3300, "typical_volume": 2785.0, "trend": 18.244583, "fair_value": 13.73845, "relative_strength": 8.025405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.432725, "energy": 39.988642, "activity_lines": [ 19.99785, 20.0234, 19.607978, 18.990336 ] }, { "date": "2025-01-31", "close": 20.70705, "volume": 800, "typical_volume": 2745.0, "trend": 18.362054, "fair_value": 13.782712, "relative_strength": 8.677426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.300325, "energy": 53.741629, "activity_lines": [ 20.274103, 20.130969, 19.770945, 19.149204 ] }, { "date": "2025-02-07", "close": 20.524033, "volume": 1600, "typical_volume": 2465.0, "trend": 18.46588, "fair_value": 13.824999, "relative_strength": 7.877129, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.66493, "energy": 57.361588, "activity_lines": [ 20.448484, 20.198709, 19.897984, 19.288687 ] }, { "date": "2025-02-14", "close": 20.794203, "volume": 300, "typical_volume": 2320.0, "trend": 18.592123, "fair_value": 13.874101, "relative_strength": 8.867577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.330179, "energy": 74.216735, "activity_lines": [ 20.621697, 20.311503, 20.033734, 19.438901 ] }, { "date": "2025-02-21", "close": 20.602465, "volume": 1000, "typical_volume": 2280.0, "trend": 18.722592, "fair_value": 13.920695, "relative_strength": 9.015612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.845147, "energy": 74.026217, "activity_lines": [ 20.643115, 20.389832, 20.135041, 19.568601 ] }, { "date": "2025-02-28", "close": 19.380611, "volume": 1000, "typical_volume": 2105.0, "trend": 18.821457, "fair_value": 13.962417, "relative_strength": 1.449031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.124661, "energy": 30.547098, "activity_lines": [ 20.230043, 20.244731, 20.104143, 19.611054 ] }, { "date": "2025-03-07", "close": 19.126066, "volume": 3000, "typical_volume": 1990.0, "trend": 18.92195, "fair_value": 14.004167, "relative_strength": 2.577339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.989129, "energy": 13.549297, "activity_lines": [ 19.804841, 20.060383, 20.041662, 19.630706 ] }, { "date": "2025-03-14", "close": 17.800671, "volume": 900, "typical_volume": 1895.0, "trend": 18.956635, "fair_value": 14.032353, "relative_strength": -3.71935, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -26.386306, "energy": 37.457599, "activity_lines": [ 19.043239, 19.652653, 19.847875, 19.558365 ] }, { "date": "2025-03-21", "close": 18.616972, "volume": 300, "typical_volume": 1825.0, "trend": 19.014036, "fair_value": 14.064247, "relative_strength": -0.99714, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.401195, "energy": 44.839457, "activity_lines": [ 18.735295, 19.417978, 19.732824, 19.536451 ] }, { "date": "2025-03-28", "close": 18.186876, "volume": 15000, "typical_volume": 2430.0, "trend": 19.058377, "fair_value": 14.092926, "relative_strength": -2.456918, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.68094, "energy": 64.266475, "activity_lines": [ 18.429135, 19.120722, 19.573436, 19.483086 ] }, { "date": "2025-04-04", "close": 16.417725, "volume": 1400, "typical_volume": 2425.0, "trend": 19.069159, "fair_value": 14.111166, "relative_strength": -5.99067, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -66.686875, "energy": 83.497841, "activity_lines": [ 17.694297, 18.538303, 19.249811, 19.312722 ] }, { "date": "2025-04-11", "close": 17.010389, "volume": 3800, "typical_volume": 2235.0, "trend": 19.075413, "fair_value": 14.136226, "relative_strength": -4.216969, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.230406, "energy": 77.290304, "activity_lines": [ 17.354539, 18.137343, 18.996939, 19.179898 ] }, { "date": "2025-04-18", "close": 17.25807, "volume": 300, "typical_volume": 2190.0, "trend": 19.085688, "fair_value": 14.16684, "relative_strength": -5.313124, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.265834, "energy": 83.558575, "activity_lines": [ 17.238387, 17.848628, 18.783543, 19.06265 ] }, { "date": "2025-04-25", "close": 18.337259, "volume": 3300, "typical_volume": 2070.0, "trend": 19.117066, "fair_value": 14.20692, "relative_strength": -1.586515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.06641, "energy": 61.001549, "activity_lines": [ 17.518138, 17.815511, 18.687413, 19.014364 ] }, { "date": "2025-05-02", "close": 18.922897, "volume": 100, "typical_volume": 2040.0, "trend": 19.171938, "fair_value": 14.252932, "relative_strength": 0.132976, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.917737, "energy": 35.475301, "activity_lines": [ 18.011749, 17.933545, 18.658862, 19.001837 ] }, { "date": "2025-05-09", "close": 19.029858, "volume": 700, "typical_volume": 1950.0, "trend": 19.211644, "fair_value": 14.30235, "relative_strength": -0.732464, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.818379, "energy": 24.577475, "activity_lines": [ 18.491946, 18.101564, 18.648162, 18.992671 ] }, { "date": "2025-05-16", "close": 19.921186, "volume": 6200, "typical_volume": 2255.0, "trend": 19.27368, "fair_value": 14.359296, "relative_strength": 1.313253, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.625621, "energy": 22.326478, "activity_lines": [ 19.095109, 18.43802, 18.725863, 19.038447 ] }, { "date": "2025-05-23", "close": 19.644875, "volume": 600, "typical_volume": 2280.0, "trend": 19.32821, "fair_value": 14.409936, "relative_strength": 0.18146, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 11.556197, "energy": 27.906516, "activity_lines": [ 19.412116, 18.70978, 18.778071, 19.062395 ] }, { "date": "2025-05-30", "close": 19.671747, "volume": 200, "typical_volume": 2275.0, "trend": 19.386998, "fair_value": 14.459629, "relative_strength": -0.894587, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.971139, "energy": 32.745237, "activity_lines": [ 19.57896, 18.952896, 18.830509, 19.084559 ] }, { "date": "2025-06-06", "close": 20.147602, "volume": 4100, "typical_volume": 2395.0, "trend": 19.422576, "fair_value": 14.516846, "relative_strength": 0.500216, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.473158, "energy": 38.921376, "activity_lines": [ 19.815457, 19.263353, 18.927334, 19.13363 ] }, { "date": "2025-06-13", "close": 20.246363, "volume": 1200, "typical_volume": 2290.0, "trend": 19.450037, "fair_value": 14.579671, "relative_strength": 0.716351, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.932117, "energy": 54.693545, "activity_lines": [ 20.003227, 19.556117, 19.033788, 19.186778 ] }, { "date": "2025-06-20", "close": 20.42593, "volume": 2100, "typical_volume": 2355.0, "trend": 19.452681, "fair_value": 14.639768, "relative_strength": 1.640959, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.014395, "energy": 58.119454, "activity_lines": [ 20.169752, 19.811918, 19.158415, 19.249739 ] }, { "date": "2025-06-27", "close": 21.36867, "volume": 2700, "typical_volume": 2410.0, "trend": 19.488293, "fair_value": 14.707174, "relative_strength": 5.486434, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.271263, "energy": 73.833943, "activity_lines": [ 20.616874, 20.177026, 19.374166, 19.373351 ] }, { "date": "2025-07-04", "close": 21.621765, "volume": 3800, "typical_volume": 2585.0, "trend": 19.515152, "fair_value": 14.773354, "relative_strength": 5.266626, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.675827, "energy": 83.131848, "activity_lines": [ 21.033442, 20.513412, 19.609999, 19.510994 ] }, { "date": "2025-07-11", "close": 21.549452, "volume": 1500, "typical_volume": 2610.0, "trend": 19.549055, "fair_value": 14.841598, "relative_strength": 4.943003, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.642895, "energy": 91.89973, "activity_lines": [ 21.295904, 20.776933, 19.835004, 19.642239 ] }, { "date": "2025-07-18", "close": 21.820629, "volume": 5400, "typical_volume": 2830.0, "trend": 19.617494, "fair_value": 14.907123, "relative_strength": 5.001483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.66416, "energy": 92.634221, "activity_lines": [ 21.555301, 21.042003, 20.081325, 19.788793 ] }, { "date": "2025-07-25", "close": 21.775434, "volume": 1700, "typical_volume": 2765.0, "trend": 19.67354, "fair_value": 14.969875, "relative_strength": 3.937477, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.936283, "energy": 90.434656, "activity_lines": [ 21.694683, 21.248114, 20.311724, 19.928015 ] }, { "date": "2025-08-01", "close": 21.394505, "volume": 1700, "typical_volume": 2805.0, "trend": 19.748168, "fair_value": 15.028982, "relative_strength": 3.771035, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.062309, "energy": 87.394664, "activity_lines": [ 21.617121, 21.351252, 20.493227, 20.039045 ] }, { "date": "2025-08-08", "close": 21.248905, "volume": 800, "typical_volume": 2830.0, "trend": 19.807266, "fair_value": 15.086739, "relative_strength": 0.214055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.724377, "energy": 64.841232, "activity_lines": [ 21.489304, 21.396106, 20.643751, 20.135866 ] }, { "date": "2025-08-15", "close": 21.521908, "volume": 1200, "typical_volume": 2140.0, "trend": 19.851517, "fair_value": 15.145969, "relative_strength": 0.855227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.95691, "energy": 62.857407, "activity_lines": [ 21.477345, 21.461921, 20.807741, 20.246488 ] }, { "date": "2025-08-22", "close": 21.385405, "volume": 1100, "typical_volume": 2125.0, "trend": 19.881984, "fair_value": 15.208626, "relative_strength": -1.369435, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.553008, "energy": 52.364614, "activity_lines": [ 21.421721, 21.477929, 20.94285, 20.345449 ] }, { "date": "2025-08-29", "close": 21.320648, "volume": 3400, "typical_volume": 2105.0, "trend": 19.902437, "fair_value": 15.273638, "relative_strength": -2.524387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.054373, "energy": 49.46626, "activity_lines": [ 21.373527, 21.461454, 21.048137, 20.438266 ] }, { "date": "2025-09-05", "close": 21.366459, "volume": 1500, "typical_volume": 2165.0, "trend": 19.930518, "fair_value": 15.336755, "relative_strength": -4.019459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.479666, "energy": 47.455822, "activity_lines": [ 21.370922, 21.437041, 21.137261, 20.532719 ] }, { "date": "2025-09-12", "close": 21.842897, "volume": 1100, "typical_volume": 2055.0, "trend": 19.965475, "fair_value": 15.404882, "relative_strength": -2.739049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.692051, "energy": 56.988863, "activity_lines": [ 21.528999, 21.499293, 21.252196, 20.656098 ] }, { "date": "2025-09-19", "close": 22.136093, "volume": 4300, "typical_volume": 2265.0, "trend": 20.016596, "fair_value": 15.478101, "relative_strength": -3.119332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.44908, "energy": 63.773591, "activity_lines": [ 21.745209, 21.610833, 21.378362, 20.796138 ] }, { "date": "2025-09-26", "close": 21.742113, "volume": 2400, "typical_volume": 2350.0, "trend": 20.095312, "fair_value": 15.548962, "relative_strength": -4.831444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.80705, "energy": 58.449889, "activity_lines": [ 21.789146, 21.640074, 21.451704, 20.907462 ] }, { "date": "2025-10-03", "close": 22.370714, "volume": 2800, "typical_volume": 2180.0, "trend": 20.203467, "fair_value": 15.621555, "relative_strength": -4.40863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.561723, "energy": 74.246762, "activity_lines": [ 22.018837, 21.785033, 21.571998, 21.054262 ] }, { "date": "2025-10-10", "close": 21.96397, "volume": 3200, "typical_volume": 2310.0, "trend": 20.342244, "fair_value": 15.695386, "relative_strength": -4.211199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.978789, "energy": 57.227894, "activity_lines": [ 22.042942, 21.845216, 21.64189, 21.167843 ] }, { "date": "2025-10-17", "close": 22.065657, "volume": 1300, "typical_volume": 2365.0, "trend": 20.4572, "fair_value": 15.768368, "relative_strength": -4.603722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.147509, "energy": 53.587498, "activity_lines": [ 22.061108, 21.913534, 21.710423, 21.279031 ] }, { "date": "2025-10-24", "close": 22.490883, "volume": 1300, "typical_volume": 2225.0, "trend": 20.600667, "fair_value": 15.841988, "relative_strength": -3.560552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.495167, "energy": 59.49892, "activity_lines": [ 22.206166, 22.044315, 21.808054, 21.410236 ] }, { "date": "2025-10-31", "close": 22.842083, "volume": 18900, "typical_volume": 3110.0, "trend": 20.814812, "fair_value": 15.922298, "relative_strength": -1.79617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.238843, "energy": 63.023569, "activity_lines": [ 22.444638, 22.221333, 21.927974, 21.554844 ] }, { "date": "2025-11-07", "close": 21.779224, "volume": 8300, "typical_volume": 3420.0, "trend": 20.973773, "fair_value": 15.991497, "relative_strength": -5.173872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.669433, "energy": 46.63679, "activity_lines": [ 22.255492, 22.178619, 21.934309, 21.617064 ] }, { "date": "2025-11-14", "close": 21.835165, "volume": 900, "typical_volume": 3330.0, "trend": 21.126343, "fair_value": 16.06233, "relative_strength": -6.087232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.433639, "energy": 34.728759, "activity_lines": [ 22.124426, 22.137738, 21.939528, 21.672637 ] }, { "date": "2025-11-21", "close": 20.818924, "volume": 14900, "typical_volume": 3885.0, "trend": 21.209065, "fair_value": 16.124618, "relative_strength": -9.718125, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 3.580235, "energy": 10.262785, "activity_lines": [ 21.6632, 21.903564, 21.84574, 21.652804 ] }, { "date": "2025-11-28", "close": 21.686672, "volume": 1200, "typical_volume": 3870.0, "trend": 21.301191, "fair_value": 16.19215, "relative_strength": -9.388424, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.614727, "energy": 24.05276, "activity_lines": [ 21.574339, 21.84578, 21.838418, 21.683617 ] }, { "date": "2025-12-05", "close": 21.808985, "volume": 3600, "typical_volume": 3780.0, "trend": 21.393829, "fair_value": 16.262795, "relative_strength": -8.406979, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.283487, "energy": 18.601455, "activity_lines": [ 21.579863, 21.818407, 21.842091, 21.716378 ] }, { "date": "2025-12-12", "close": 21.583179, "volume": 2800, "typical_volume": 3835.0, "trend": 21.449229, "fair_value": 16.334039, "relative_strength": -9.684457, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.990554, "energy": 17.620594, "activity_lines": [ 21.578991, 21.748761, 21.824315, 21.728594 ] }, { "date": "2025-12-19", "close": 21.611404, "volume": 2200, "typical_volume": 3860.0, "trend": 21.514779, "fair_value": 16.406082, "relative_strength": -9.93568, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.811826, "energy": 9.77581, "activity_lines": [ 21.600597, 21.698567, 21.810142, 21.739057 ] }, { "date": "2025-12-26", "close": 21.743126, "volume": 0, "typical_volume": 3820.0, "trend": 21.583825, "fair_value": 16.47851, "relative_strength": -9.777131, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.45068, "energy": 10.084035, "activity_lines": [ 21.681028, 21.678732, 21.807481, 21.753789 ] }, { "date": "2026-01-02", "close": 21.478128, "volume": 2200, "typical_volume": 3870.0, "trend": 21.628176, "fair_value": 16.549048, "relative_strength": -10.344555, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.919073, "energy": 9.86194, "activity_lines": [ 21.611513, 21.61658, 21.777229, 21.74697 ] }, { "date": "2026-01-09", "close": 21.84844, "volume": 13900, "typical_volume": 4510.0, "trend": 21.681579, "fair_value": 16.619133, "relative_strength": -10.572356, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.163664, "energy": 5.434836, "activity_lines": [ 21.679338, 21.640171, 21.782453, 21.76118 ] }, { "date": "2026-01-16", "close": 21.468632, "volume": 4100, "typical_volume": 4545.0, "trend": 21.716336, "fair_value": 16.687741, "relative_strength": -12.916095, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.799976, "energy": 5.24093, "activity_lines": [ 21.617931, 21.612772, 21.7493, 21.747442 ] }, { "date": "2026-01-23", "close": 21.088823, "volume": 9300, "typical_volume": 4935.0, "trend": 21.707007, "fair_value": 16.750656, "relative_strength": -14.356361, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.05268, "energy": 44.570325, "activity_lines": [ 21.437556, 21.521965, 21.67927, 21.706957 ] }, { "date": "2026-01-30", "close": 20.465746, "volume": 5600, "typical_volume": 5160.0, "trend": 21.668473, "fair_value": 16.806271, "relative_strength": -13.325347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.008377, "energy": 67.741026, "activity_lines": [ 21.084328, 21.33144, 21.551222, 21.626876 ] }, { "date": "2026-02-06", "close": 19.305859, "volume": 2000, "typical_volume": 5045.0, "trend": 21.593687, "fair_value": 16.855946, "relative_strength": -19.170438, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.616429, "energy": 88.92307, "activity_lines": [ 20.42963, 20.936448, 21.319266, 21.474449 ] }, { "date": "2026-02-13", "close": 19.152485, "volume": 3200, "typical_volume": 5085.0, "trend": 21.504749, "fair_value": 16.905122, "relative_strength": -20.783175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.563642, "energy": 94.965631, "activity_lines": [ 19.868625, 20.556858, 21.08618, 21.316952 ] }, { "date": "2026-02-20", "close": 19.238758, "volume": 3100, "typical_volume": 5100.0, "trend": 21.420193, "fair_value": 16.955718, "relative_strength": -21.660521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.04183, "energy": 92.993547, "activity_lines": [ 19.516108, 20.241253, 20.873642, 21.170759 ] }, { "date": "2026-02-27", "close": 19.605131, "volume": 14500, "typical_volume": 5665.0, "trend": 21.360547, "fair_value": 17.008591, "relative_strength": -20.980944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.313272, "energy": 88.454648, "activity_lines": [ 19.434374, 20.034888, 20.710911, 21.053659 ] }, { "date": "2026-03-06", "close": 19.120815, "volume": 8900, "typical_volume": 6045.0, "trend": 21.289611, "fair_value": 17.061372, "relative_strength": -19.590122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.947445, "energy": 89.779699, "activity_lines": [ 19.290113, 19.776943, 20.513287, 20.90916 ] }, { "date": "2026-03-13", "close": 19.033638, "volume": 14000, "typical_volume": 6680.0, "trend": 21.206669, "fair_value": 17.112817, "relative_strength": -18.31793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.309562, "energy": 78.509142, "activity_lines": [ 19.206456, 19.550826, 20.321384, 20.763613 ] }, { "date": "2026-03-20", "close": 18.617125, "volume": 39800, "typical_volume": 7725.0, "trend": 21.114393, "fair_value": 17.160959, "relative_strength": -16.643148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.728651, "energy": 70.125865, "activity_lines": [ 19.002109, 19.293425, 20.106276, 20.596546 ] }, { "date": "2026-03-27", "close": 18.326536, "volume": 13900, "typical_volume": 8005.0, "trend": 21.014589, "fair_value": 17.205108, "relative_strength": -19.244938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.899443, "energy": 70.599574, "activity_lines": [ 18.73659, 19.04194, 19.883611, 20.416684 ] }, { "date": "2026-04-03", "close": 18.478861, "volume": 12600, "typical_volume": 8590.0, "trend": 20.918336, "fair_value": 17.250626, "relative_strength": -21.075847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.485089, "energy": 66.505377, "activity_lines": [ 18.582661, 18.87528, 19.691895, 20.253089 ] }, { "date": "2026-04-10", "close": 18.870777, "volume": 300, "typical_volume": 7860.0, "trend": 20.819265, "fair_value": 17.297431, "relative_strength": -20.458956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.239267, "energy": 63.146399, "activity_lines": [ 18.634455, 18.827331, 19.553487, 20.120988 ] }, { "date": "2026-04-17", "close": 20.105314, "volume": 100, "typical_volume": 7805.0, "trend": 20.751572, "fair_value": 17.352885, "relative_strength": -16.568702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.476123, "energy": 40.351994, "activity_lines": [ 19.114431, 19.032843, 19.541931, 20.074927 ] }, { "date": "2026-04-24", "close": 20.134706, "volume": 6100, "typical_volume": 7930.0, "trend": 20.697992, "fair_value": 17.408889, "relative_strength": -15.011727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.380945, "energy": 23.617919, "activity_lines": [ 19.532758, 19.229163, 19.540704, 20.035129 ] }, { "date": "2026-05-01", "close": 20.088507, "volume": 4300, "typical_volume": 8005.0, "trend": 20.621918, "fair_value": 17.465534, "relative_strength": -14.79168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.123387, "energy": 27.094674, "activity_lines": [ 19.834514, 19.399225, 19.54305, 19.995807 ] }, { "date": "2026-05-08", "close": 20.451082, "volume": 900, "typical_volume": 7940.0, "trend": 20.571489, "fair_value": 17.522679, "relative_strength": -13.368742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.530066, "energy": 30.745138, "activity_lines": [ 20.139664, 19.61976, 19.587044, 19.984786 ] }, { "date": "2026-05-15", "close": 20.941044, "volume": 1700, "typical_volume": 8025.0, "trend": 20.534002, "fair_value": 17.581584, "relative_strength": -10.283651, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 23.694454, "energy": 40.183671, "activity_lines": [ 20.476653, 19.913998, 19.683227, 20.008628 ] }, { "date": "2026-05-22", "close": 21.215424, "volume": 4500, "typical_volume": 8140.0, "trend": 20.491486, "fair_value": 17.641657, "relative_strength": -10.431786, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.292144, "energy": 65.139332, "activity_lines": [ 20.767084, 20.225028, 19.809361, 20.052591 ] }, { "date": "2026-05-29", "close": 21.190142, "volume": 100, "typical_volume": 7450.0, "trend": 20.436422, "fair_value": 17.700246, "relative_strength": -10.950393, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.918513, "energy": 70.735828, "activity_lines": [ 20.975081, 20.491792, 19.934337, 20.097665 ] }, { "date": "2026-06-05", "close": 21.061478, "volume": 0, "typical_volume": 7245.0, "trend": 20.412497, "fair_value": 17.757861, "relative_strength": -10.197215, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.600379, "energy": 68.280086, "activity_lines": [ 21.069827, 20.688381, 20.050195, 20.137991 ] }, { "date": "2026-06-12", "close": 20.398357, "volume": 0, "typical_volume": 6780.0, "trend": 20.364603, "fair_value": 17.809587, "relative_strength": -13.89265, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.729476, "energy": 40.936056, "activity_lines": [ 20.878668, 20.714676, 20.104838, 20.137079 ] }, { "date": "2026-06-19", "close": 20.665585, "volume": 0, "typical_volume": 6500.0, "trend": 20.359492, "fair_value": 17.864217, "relative_strength": -12.394973, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.761178, "energy": 34.418618, "activity_lines": [ 20.7801, 20.754659, 20.188218, 20.156497 ] }, { "date": "2026-06-26", "close": 20.02969, "volume": 500, "typical_volume": 6425.0, "trend": 20.304259, "fair_value": 17.914299, "relative_strength": -14.562388, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.844763, "energy": 11.131259, "activity_lines": [ 20.487931, 20.646391, 20.210086, 20.13522 ] }, { "date": "2026-07-03", "close": 21.029194, "volume": 100, "typical_volume": 6270.0, "trend": 20.278266, "fair_value": 17.970388, "relative_strength": -10.458462, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 23.651941, "energy": 18.373014, "activity_lines": [ 20.607978, 20.721226, 20.323697, 20.18199 ] }, { "date": "2026-07-10", "close": 20.950026, "volume": 2400, "typical_volume": 6235.0, "trend": 20.257161, "fair_value": 18.02347, "relative_strength": -10.414527, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 21.563099, "energy": 20.037327, "activity_lines": [ 20.712367, 20.765403, 20.420832, 20.225329 ] }, { "date": "2026-07-17", "close": 20.58387, "volume": 2300, "typical_volume": 5625.0, "trend": 20.22291, "fair_value": 18.074105, "relative_strength": -11.322955, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.41555, "energy": 26.689126, "activity_lines": [ 20.702133, 20.727343, 20.474946, 20.246407 ] }, { "date": "2026-07-24", "close": 20.118753, "volume": 200, "typical_volume": 5190.0, "trend": 20.168764, "fair_value": 18.121034, "relative_strength": -13.01739, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.505529, "energy": 22.156426, "activity_lines": [ 20.524493, 20.602301, 20.480103, 20.239687 ] }, { "date": "2026-07-31", "close": 20.52, "volume": 600, "typical_volume": 4520.0, "trend": 20.136827, "fair_value": 18.172547, "relative_strength": -10.370893, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.322612, "energy": 16.993719, "activity_lines": [ 20.517058, 20.565164, 20.518722, 20.262348 ] }, { "date": "2026-08-07", "close": 20.92, "volume": 600, "typical_volume": 2560.0, "trend": 20.105879, "fair_value": 18.227479, "relative_strength": -11.023477, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.461385, "energy": 22.119441, "activity_lines": [ 20.610268, 20.613399, 20.588357, 20.312875 ] } ], "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." } } }