{ "ticker": { "uuid": "a0526957-49a5-4d86-9c5a-92eec7b3173a", "symbol": "HIWS", "name": "HSBC MSCI World Islamic Screened UCITS ETF USD Acc", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 62.071, "architecture_energy": 38.516, "architecture_maturity": 67.903, "architecture_confidence": 90.283, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 23.73, "rotation_up": 35.52, "upward_expansion": 61.41, "deceleration": 88.33, "rotation_down": 27.82, "downward_expansion": 22.74 }, "activity_lines": [ 30.566214, 30.691418, 30.233034, 29.383413 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 31.512501, "trend_reference": 28.356753, "distance_from_trend": 0.111287, "trend_direction": "Improving", "fair_value": 23.741265, "distance_from_fair_value": 0.32733, "fair_value_direction": "Improving", "relative_strength": 9.569885, "relative_strength_direction": "Weakening", "price_momentum": 0.205081, "excess_performance": 0.151769, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.111287, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.067172, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.32733, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.0605, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.095699, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.045308, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.205081, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.84443, "read": "Supply-led" } ], "volume": { "latest": 19364, "relative_activity": 2.602618, "balance": 0.84443, "dry_up": 2.213415, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.029238, "annualized_volatility": 0.143776, "from_high_reference": -0.003677, "from_low_reference": 0.362997 }, "levels": { "trend_reference": 28.356753, "fair_value_reference": 23.741265, "structural_low": 24.992001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.004873, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.007229, "regime_survival": 0.4, "best_return": 0.057667, "worst_return": -0.021882, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.055886, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.000504, "regime_survival": 0.0, "best_return": 0.058741, "worst_return": -0.189785, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.145578, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.092928, "regime_survival": 0.0, "best_return": 0.206783, "worst_return": 0.084372, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.039669, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.023924, "regime_survival": 0.0, "best_return": 0.039669, "worst_return": 0.039669, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.00611, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-01-10", "tenure": "Established", "return": 0.029529, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.002755, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.042008, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.101314, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.153462, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.002327, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.015032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-11-21", "tenure": "Established", "return": 0.057018, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.038508, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-20", "tenure": "Developing", "return": -0.047159, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.099505, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.087534, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.049392, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.241501, "volume": 27, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 19.5376, "volume": 287, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 20.124201, "volume": 561, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 20.163799, "volume": 566, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 20.257601, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 19.7178, "volume": 1019, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 19.742201, "volume": 951, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 19.562799, "volume": 3845, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 19.8258, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 19.124701, "volume": 1169, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 18.989401, "volume": 239, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 19.609501, "volume": 6505, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 19.6938, "volume": 3434, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 20.037201, "volume": 4271, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 20.2633, "volume": 2670, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 20.5851, "volume": 1516, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 20.6863, "volume": 5258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 20.993, "volume": 5294, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 21.026501, "volume": 15557, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 20.977501, "volume": 1135, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 20.784599, "volume": 1765, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 21.0254, "volume": 4605, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 21.1243, "volume": 272, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 21.5137, "volume": 10022, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 21.6702, "volume": 1000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 21.877899, "volume": 1791, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 21.895599, "volume": 1888, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 21.9555, "volume": 14372, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 22.279499, "volume": 2055, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 22.1614, "volume": 2017, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 22.039499, "volume": 8149, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 22.5667, "volume": 1847, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 22.6831, "volume": 7640, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 22.371099, "volume": 22630, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 22.5728, "volume": 10421, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 21.7624, "volume": 8820, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 22.17, "volume": 4045, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 21.9715, "volume": 3075, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 22.421101, "volume": 769, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 22.5704, "volume": 1079, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 22.627199, "volume": 292, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 21.9391, "volume": 1122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 22.3929, "volume": 3028, "typical_volume": 5303.1, "trend": 21.69816, "fair_value": 19.968893, "relative_strength": 1.287548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.668995, "energy": 33.158528, "activity_lines": [ 22.344293, 22.295624, 22.272124, 22.0674 ] }, { "date": "2024-06-14", "close": 22.574301, "volume": 2339, "typical_volume": 4918.95, "trend": 21.78273, "fair_value": 20.001058, "relative_strength": 8.660927, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.590146, "energy": 33.913237, "activity_lines": [ 22.40568, 22.34916, 22.310431, 22.123926 ] }, { "date": "2024-06-21", "close": 22.821199, "volume": 146, "typical_volume": 4876.25, "trend": 21.867993, "fair_value": 20.03545, "relative_strength": 7.844915, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.698701, "energy": 38.999378, "activity_lines": [ 22.539153, 22.443893, 22.367201, 22.190924 ] }, { "date": "2024-06-28", "close": 23.004999, "volume": 694, "typical_volume": 4821.4, "trend": 21.948657, "fair_value": 20.071228, "relative_strength": 10.575913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.518313, "energy": 64.579333, "activity_lines": [ 22.717173, 22.567527, 22.435996, 22.264279 ] }, { "date": "2024-07-05", "close": 23.2069, "volume": 272, "typical_volume": 4740.6, "trend": 22.032676, "fair_value": 20.108557, "relative_strength": 8.480298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.972843, "energy": 78.271012, "activity_lines": [ 22.937306, 22.705278, 22.518651, 22.345456 ] }, { "date": "2024-07-12", "close": 23.312201, "volume": 3084, "typical_volume": 4176.2, "trend": 22.109983, "fair_value": 20.146247, "relative_strength": 8.022958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.53883, "energy": 83.555817, "activity_lines": [ 23.10802, 22.843322, 22.605091, 22.428006 ] }, { "date": "2024-07-19", "close": 22.7554, "volume": 1182, "typical_volume": 4132.55, "trend": 22.167613, "fair_value": 20.176586, "relative_strength": 7.849432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.720496, "energy": 74.180824, "activity_lines": [ 23.031847, 22.855753, 22.632042, 22.469646 ] }, { "date": "2024-07-26", "close": 22.601101, "volume": 2999, "typical_volume": 4181.65, "trend": 22.221733, "fair_value": 20.204454, "relative_strength": 7.126243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.541207, "energy": 43.531089, "activity_lines": [ 22.892167, 22.834051, 22.642032, 22.497613 ] }, { "date": "2024-08-02", "close": 21.6413, "volume": 30430, "typical_volume": 5295.7, "trend": 22.25029, "fair_value": 20.220782, "relative_strength": 6.13419, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 1.493364, "energy": 10.37608, "activity_lines": [ 22.447227, 22.637282, 22.558518, 22.460165 ] }, { "date": "2024-08-09", "close": 21.716299, "volume": 2166, "typical_volume": 5311.65, "trend": 22.27332, "fair_value": 20.237585, "relative_strength": 6.007386, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.805155, "energy": 35.930333, "activity_lines": [ 22.1182, 22.472075, 22.484043, 22.425714 ] }, { "date": "2024-08-16", "close": 22.347401, "volume": 5762, "typical_volume": 5217.75, "trend": 22.31409, "fair_value": 20.261028, "relative_strength": 6.22485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.110322, "energy": 29.964402, "activity_lines": [ 22.098914, 22.425664, 22.473723, 22.430494 ] }, { "date": "2024-08-23", "close": 22.3515, "volume": 460, "typical_volume": 4109.25, "trend": 22.342017, "fair_value": 20.284, "relative_strength": 4.283062, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.973598, "energy": 28.552133, "activity_lines": [ 22.145313, 22.380826, 22.465392, 22.432907 ] }, { "date": "2024-08-30", "close": 22.6222, "volume": 590, "typical_volume": 3617.7, "trend": 22.37375, "fair_value": 20.309415, "relative_strength": 4.65342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.175295, "energy": 10.866898, "activity_lines": [ 22.308873, 22.389257, 22.482934, 22.450984 ] }, { "date": "2024-09-06", "close": 21.570999, "volume": 2700, "typical_volume": 3311.7, "trend": 22.36352, "fair_value": 20.322981, "relative_strength": 3.467684, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.819602, "energy": 21.291802, "activity_lines": [ 22.120626, 22.210178, 22.400128, 22.399193 ] }, { "date": "2024-09-13", "close": 21.8584, "volume": 140, "typical_volume": 3116.45, "trend": 22.36228, "fair_value": 20.339315, "relative_strength": 3.132147, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.271991, "energy": 24.111795, "activity_lines": [ 22.032866, 22.109427, 22.345604, 22.366605 ] }, { "date": "2024-09-20", "close": 22.5877, "volume": 1011, "typical_volume": 3013.25, "trend": 22.383353, "fair_value": 20.362982, "relative_strength": 5.884009, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -26.537198, "energy": 16.826233, "activity_lines": [ 22.178733, 22.165794, 22.362021, 22.381148 ] }, { "date": "2024-09-27", "close": 22.9785, "volume": 151, "typical_volume": 2982.35, "trend": 22.406653, "fair_value": 20.390227, "relative_strength": 3.558227, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.340921, "energy": 9.057061, "activity_lines": [ 22.438847, 22.306389, 22.412723, 22.419545 ] }, { "date": "2024-10-04", "close": 23.0236, "volume": 593, "typical_volume": 2958.05, "trend": 22.435393, "fair_value": 20.417375, "relative_strength": 7.003302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.315393, "energy": 32.214598, "activity_lines": [ 22.672193, 22.451127, 22.465066, 22.459348 ] }, { "date": "2024-10-11", "close": 23.1189, "volume": 161, "typical_volume": 2951.5, "trend": 22.471373, "fair_value": 20.444942, "relative_strength": 6.769927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.127104, "energy": 48.244285, "activity_lines": [ 22.910547, 22.605511, 22.524327, 22.503445 ] }, { "date": "2024-10-18", "close": 23.264999, "volume": 534, "typical_volume": 2922.1, "trend": 22.49465, "fair_value": 20.473427, "relative_strength": 6.768672, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.155806, "energy": 68.36114, "activity_lines": [ 23.094406, 22.759592, 22.59516, 22.554647 ] }, { "date": "2024-10-25", "close": 23.3496, "volume": 1823, "typical_volume": 2861.85, "trend": 22.516867, "fair_value": 20.502189, "relative_strength": 8.574498, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.183956, "energy": 73.130707, "activity_lines": [ 23.212693, 22.900898, 22.667738, 22.609805 ] }, { "date": "2024-11-01", "close": 22.844801, "volume": 614, "typical_volume": 2775.6, "trend": 22.532657, "fair_value": 20.525383, "relative_strength": 7.27867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.992831, "energy": 63.711802, "activity_lines": [ 23.11192, 22.9322, 22.687683, 22.630962 ] }, { "date": "2024-11-08", "close": 23.754801, "volume": 216, "typical_volume": 2779.1, "trend": 22.572057, "fair_value": 20.557044, "relative_strength": 12.291006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.696416, "energy": 70.638809, "activity_lines": [ 23.323394, 23.119987, 22.793007, 22.70981 ] }, { "date": "2024-11-15", "close": 23.660101, "volume": 5601, "typical_volume": 3024.45, "trend": 22.635313, "fair_value": 20.587171, "relative_strength": 12.541585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.951986, "energy": 68.742181, "activity_lines": [ 23.454554, 23.269964, 22.884866, 22.780006 ] }, { "date": "2024-11-22", "close": 24.316299, "volume": 884, "typical_volume": 3055.05, "trend": 22.706857, "fair_value": 20.623028, "relative_strength": 15.45592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.048015, "energy": 79.119489, "activity_lines": [ 23.768367, 23.501266, 23.036101, 22.888457 ] }, { "date": "2024-11-29", "close": 24.1343, "volume": 366, "typical_volume": 2919.15, "trend": 22.77895, "fair_value": 20.656469, "relative_strength": 14.502239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.155157, "energy": 82.134129, "activity_lines": [ 23.951427, 23.654787, 23.164719, 22.98055 ] }, { "date": "2024-12-06", "close": 24.5987, "volume": 966, "typical_volume": 2908.35, "trend": 22.851537, "fair_value": 20.693659, "relative_strength": 13.270596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.328233, "energy": 90.173401, "activity_lines": [ 24.236973, 23.864626, 23.333651, 23.097953 ] }, { "date": "2024-12-13", "close": 24.4168, "volume": 14458, "typical_volume": 3481.3, "trend": 22.913083, "fair_value": 20.728455, "relative_strength": 12.302772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.973386, "energy": 86.890183, "activity_lines": [ 24.34496, 24.011933, 23.476482, 23.198938 ] }, { "date": "2024-12-20", "close": 24.0005, "volume": 325, "typical_volume": 1976.05, "trend": 22.95886, "fair_value": 20.758752, "relative_strength": 12.055203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.972877, "energy": 73.700421, "activity_lines": [ 24.270047, 24.058218, 23.57102, 23.269094 ] }, { "date": "2024-12-27", "close": 23.922199, "volume": 355, "typical_volume": 1885.5, "trend": 23.024963, "fair_value": 20.787774, "relative_strength": 10.1223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.829771, "energy": 54.341743, "activity_lines": [ 24.14634, 24.074238, 23.646865, 23.331245 ] }, { "date": "2025-01-03", "close": 23.9186, "volume": 11269, "typical_volume": 2160.85, "trend": 23.07582, "fair_value": 20.816236, "relative_strength": 10.862632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.995781, "energy": 39.059676, "activity_lines": [ 24.047706, 24.077654, 23.711864, 23.388899 ] }, { "date": "2025-01-10", "close": 23.952, "volume": 908, "typical_volume": 2183.25, "trend": 23.121743, "fair_value": 20.844487, "relative_strength": 8.50763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.433687, "energy": 29.476384, "activity_lines": [ 23.974586, 24.076798, 23.772561, 23.445426 ] }, { "date": "2025-01-17", "close": 24.6474, "volume": 6148, "typical_volume": 2461.15, "trend": 23.182617, "fair_value": 20.878441, "relative_strength": 7.391139, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.261795, "energy": 40.060357, "activity_lines": [ 24.17638, 24.182247, 23.891866, 23.543856 ] }, { "date": "2025-01-24", "close": 24.7153, "volume": 2872, "typical_volume": 2469.75, "trend": 23.239627, "fair_value": 20.912396, "relative_strength": 4.525236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.986973, "energy": 49.693513, "activity_lines": [ 24.385433, 24.283813, 24.007994, 23.642739 ] }, { "date": "2025-01-31", "close": 24.5308, "volume": 1745, "typical_volume": 2550.0, "trend": 23.283757, "fair_value": 20.944136, "relative_strength": 3.296631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.359501, "energy": 49.884189, "activity_lines": [ 24.485333, 24.332647, 24.091577, 23.72604 ] }, { "date": "2025-02-07", "close": 24.3827, "volume": 1606, "typical_volume": 2579.75, "trend": 23.31944, "fair_value": 20.974037, "relative_strength": 2.248699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.245659, "energy": 57.494374, "activity_lines": [ 24.495293, 24.350654, 24.14833, 23.79694 ] }, { "date": "2025-02-14", "close": 24.232901, "volume": 277, "typical_volume": 2586.05, "trend": 23.36869, "fair_value": 21.00213, "relative_strength": -1.02487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.987082, "energy": 44.540634, "activity_lines": [ 24.42438, 24.336909, 24.182269, 23.855873 ] }, { "date": "2025-02-21", "close": 24.346001, "volume": 927, "typical_volume": 2602.75, "trend": 23.426853, "fair_value": 21.03071, "relative_strength": -0.416826, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.712549, "energy": 36.318107, "activity_lines": [ 24.372441, 24.350378, 24.221005, 23.918925 ] }, { "date": "2025-02-28", "close": 23.500299, "volume": 1932, "typical_volume": 2691.3, "trend": 23.48882, "fair_value": 21.051639, "relative_strength": -3.423069, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.292862, "energy": 13.336857, "activity_lines": [ 24.058693, 24.211371, 24.172902, 23.923663 ] }, { "date": "2025-03-07", "close": 22.339399, "volume": 1239, "typical_volume": 2726.55, "trend": 23.50959, "fair_value": 21.062461, "relative_strength": -8.291918, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -45.772426, "energy": 43.21355, "activity_lines": [ 23.43898, 23.870385, 24.01242, 23.849507 ] }, { "date": "2025-03-14", "close": 22.106501, "volume": 6874, "typical_volume": 2979.1, "trend": 23.50156, "fair_value": 21.071161, "relative_strength": -8.233992, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.464913, "energy": 68.995429, "activity_lines": [ 22.887727, 23.515833, 23.834166, 23.758985 ] }, { "date": "2025-03-21", "close": 22.297199, "volume": 516, "typical_volume": 2974.2, "trend": 23.49975, "fair_value": 21.081293, "relative_strength": -7.613581, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.534412, "energy": 78.340157, "activity_lines": [ 22.551786, 23.2289, 23.679992, 23.681285 ] }, { "date": "2025-03-28", "close": 21.969999, "volume": 690, "typical_volume": 2997.9, "trend": 23.47801, "fair_value": 21.088578, "relative_strength": -7.516939, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.869829, "energy": 81.244634, "activity_lines": [ 22.235826, 22.912563, 23.497265, 23.582591 ] }, { "date": "2025-04-04", "close": 20.076099, "volume": 1377, "typical_volume": 2786.7, "trend": 23.42818, "fair_value": 21.080346, "relative_strength": -8.032416, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -96.70972, "energy": 97.999212, "activity_lines": [ 21.446966, 22.300561, 23.142665, 23.363113 ] }, { "date": "2025-04-11", "close": 19.7195, "volume": 2207, "typical_volume": 2852.85, "trend": 23.356883, "fair_value": 21.069372, "relative_strength": -7.477536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.002856, "energy": 95.955725, "activity_lines": [ 20.767519, 21.708072, 22.771169, 23.123843 ] }, { "date": "2025-04-18", "close": 19.9697, "volume": 1714, "typical_volume": 2920.25, "trend": 23.269617, "fair_value": 21.060574, "relative_strength": -8.648559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.919372, "energy": 91.898267, "activity_lines": [ 20.346133, 21.248552, 22.445392, 22.905315 ] }, { "date": "2025-04-25", "close": 20.785999, "volume": 583, "typical_volume": 2901.1, "trend": 23.196533, "fair_value": 21.058395, "relative_strength": -8.083796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.005453, "energy": 82.132926, "activity_lines": [ 20.339299, 21.017687, 22.217189, 22.745082 ] }, { "date": "2025-05-02", "close": 21.8256, "volume": 1586, "typical_volume": 2257.5, "trend": 23.1566, "fair_value": 21.064436, "relative_strength": -6.424397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.745274, "energy": 60.758744, "activity_lines": [ 20.779746, 21.03851, 22.106152, 22.656635 ] }, { "date": "2025-05-09", "close": 22.1481, "volume": 5055, "typical_volume": 2494.0, "trend": 23.12424, "fair_value": 21.072902, "relative_strength": -4.794569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.981191, "energy": 39.264693, "activity_lines": [ 21.33732, 21.163796, 22.038167, 22.59157 ] }, { "date": "2025-05-16", "close": 23.0994, "volume": 15054, "typical_volume": 3228.95, "trend": 23.11872, "fair_value": 21.088612, "relative_strength": -2.608124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.830713, "energy": 26.094393, "activity_lines": [ 22.07386, 21.486631, 22.069604, 22.589968 ] }, { "date": "2025-05-23", "close": 22.534, "volume": 333, "typical_volume": 2682.15, "trend": 23.091533, "fair_value": 21.09973, "relative_strength": -3.194471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.127264, "energy": 30.859771, "activity_lines": [ 22.396607, 21.692847, 22.051111, 22.552244 ] }, { "date": "2025-05-30", "close": 22.745701, "volume": 461, "typical_volume": 2659.8, "trend": 23.08823, "fair_value": 21.112295, "relative_strength": -2.623313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.978698, "energy": 26.917734, "activity_lines": [ 22.618967, 21.929782, 22.059374, 22.529932 ] }, { "date": "2025-06-06", "close": 22.989599, "volume": 524, "typical_volume": 2378.6, "trend": 23.062723, "fair_value": 21.126517, "relative_strength": -2.338909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.4471, "energy": 23.85456, "activity_lines": [ 22.79198, 22.202907, 22.096609, 22.523569 ] }, { "date": "2025-06-13", "close": 22.826, "volume": 160, "typical_volume": 2243.0, "trend": 23.03492, "fair_value": 21.139295, "relative_strength": -1.49328, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.077001, "energy": 20.231512, "activity_lines": [ 22.83286, 22.427749, 22.126157, 22.508296 ] }, { "date": "2025-06-20", "close": 22.618799, "volume": 244, "typical_volume": 2167.95, "trend": 22.978337, "fair_value": 21.150336, "relative_strength": -1.158247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.62858, "energy": 17.071209, "activity_lines": [ 22.75948, 22.56492, 22.144969, 22.48145 ] }, { "date": "2025-06-27", "close": 22.9646, "volume": 546, "typical_volume": 2114.95, "trend": 22.939346, "fair_value": 21.163775, "relative_strength": -0.919572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.116701, "energy": 18.81114, "activity_lines": [ 22.833406, 22.712249, 22.205819, 22.480563 ] }, { "date": "2025-07-04", "close": 22.9475, "volume": 925, "typical_volume": 2147.35, "trend": 22.884306, "fair_value": 21.17689, "relative_strength": -1.02766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.85248, "energy": 19.088007, "activity_lines": [ 22.872926, 22.802016, 22.271794, 22.481089 ] }, { "date": "2025-07-11", "close": 23.0431, "volume": 293, "typical_volume": 2115.65, "trend": 22.838517, "fair_value": 21.190512, "relative_strength": -2.257196, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.968539, "energy": 33.74441, "activity_lines": [ 22.93086, 22.869865, 22.352994, 22.491334 ] }, { "date": "2025-07-18", "close": 23.217199, "volume": 1078, "typical_volume": 2072.95, "trend": 22.812406, "fair_value": 21.205199, "relative_strength": -1.402492, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.260197, "energy": 45.255808, "activity_lines": [ 23.04326, 22.947232, 22.456979, 22.515765 ] }, { "date": "2025-07-25", "close": 23.3279, "volume": 552, "typical_volume": 2038.6, "trend": 22.792596, "fair_value": 21.22047, "relative_strength": -1.06475, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.253956, "energy": 57.92656, "activity_lines": [ 23.16648, 23.025289, 22.572855, 22.549023 ] }, { "date": "2025-08-01", "close": 22.8682, "volume": 1295, "typical_volume": 1759.65, "trend": 22.757583, "fair_value": 21.232239, "relative_strength": 0.662793, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.361672, "energy": 45.214861, "activity_lines": [ 23.089193, 23.015609, 22.640243, 22.553901 ] }, { "date": "2025-08-08", "close": 23.1171, "volume": 525, "typical_volume": 1760.1, "trend": 22.729753, "fair_value": 21.245607, "relative_strength": -0.827383, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 33.535792, "energy": 39.036794, "activity_lines": [ 23.1013, 23.045107, 22.727709, 22.577095 ] }, { "date": "2025-08-15", "close": 23.2339, "volume": 329, "typical_volume": 1742.05, "trend": 22.682637, "fair_value": 21.259609, "relative_strength": -2.554295, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 38.154567, "energy": 44.072409, "activity_lines": [ 23.141033, 23.089089, 22.822394, 22.609621 ] }, { "date": "2025-08-22", "close": 23.367901, "volume": 1054, "typical_volume": 1725.9, "trend": 22.637723, "fair_value": 21.274352, "relative_strength": -2.549828, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.866614, "energy": 51.331134, "activity_lines": [ 23.212714, 23.152993, 22.923823, 22.653831 ] }, { "date": "2025-08-29", "close": 23.228701, "volume": 3050, "typical_volume": 1768.05, "trend": 22.59432, "fair_value": 21.287924, "relative_strength": 0.179311, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.425078, "energy": 60.600173, "activity_lines": [ 23.227947, 23.181735, 22.996319, 22.691959 ] }, { "date": "2025-09-05", "close": 23.1726, "volume": 1240, "typical_volume": 1744.35, "trend": 22.553983, "fair_value": 21.300922, "relative_strength": 0.261838, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.663421, "energy": 59.374967, "activity_lines": [ 23.231094, 23.189188, 23.046762, 22.729267 ] }, { "date": "2025-09-12", "close": 23.5868, "volume": 599, "typical_volume": 1745.15, "trend": 22.532447, "fair_value": 21.316579, "relative_strength": 0.036672, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.678436, "energy": 67.608985, "activity_lines": [ 23.352014, 23.268168, 23.121401, 22.795901 ] }, { "date": "2025-09-19", "close": 23.92, "volume": 765, "typical_volume": 1704.1, "trend": 22.518247, "fair_value": 21.334289, "relative_strength": 1.061606, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.347413, "energy": 75.90084, "activity_lines": [ 23.552687, 23.396106, 23.214435, 22.88542 ] }, { "date": "2025-09-26", "close": 24.021, "volume": 3930, "typical_volume": 1647.85, "trend": 22.535603, "fair_value": 21.352443, "relative_strength": 1.201512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.184795, "energy": 85.220753, "activity_lines": [ 23.741287, 23.526464, 23.307116, 22.982372 ] }, { "date": "2025-10-03", "close": 24.734301, "volume": 6158, "typical_volume": 1203.05, "trend": 22.615433, "fair_value": 21.37514, "relative_strength": 1.482839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.833051, "energy": 95.588528, "activity_lines": [ 24.124114, 23.771899, 23.458811, 23.124224 ] }, { "date": "2025-10-10", "close": 24.617201, "volume": 4198, "typical_volume": 1396.3, "trend": 22.699123, "fair_value": 21.396753, "relative_strength": 3.05028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.151906, "energy": 91.923161, "activity_lines": [ 24.367534, 23.970471, 23.591569, 23.25337 ] }, { "date": "2025-10-17", "close": 24.8566, "volume": 726, "typical_volume": 1409.55, "trend": 22.784437, "fair_value": 21.419666, "relative_strength": 0.80085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.494733, "energy": 92.116291, "activity_lines": [ 24.594447, 24.180771, 23.737206, 23.392562 ] }, { "date": "2025-10-24", "close": 29.605301, "volume": 686, "typical_volume": 1417.65, "trend": 23.038947, "fair_value": 21.473519, "relative_strength": 18.939964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 99.624454, "energy": 99.125081, "activity_lines": [ 26.319607, 25.222844, 24.325049, 23.832618 ] }, { "date": "2025-10-31", "close": 25.742599, "volume": 746, "typical_volume": 1446.95, "trend": 23.22783, "fair_value": 21.501422, "relative_strength": 4.695477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.629988, "energy": 67.300233, "activity_lines": [ 26.37818, 25.446764, 24.513513, 24.007047 ] }, { "date": "2025-11-07", "close": 24.923, "volume": 2310, "typical_volume": 1550.25, "trend": 23.40128, "fair_value": 21.52364, "relative_strength": 3.608093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.407443, "energy": 62.172295, "activity_lines": [ 26.04878, 25.478489, 24.61003, 24.116413 ] }, { "date": "2025-11-14", "close": 25.3925, "volume": 1783, "typical_volume": 1612.1, "trend": 23.58204, "fair_value": 21.5486, "relative_strength": 2.814411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.844897, "energy": 56.631632, "activity_lines": [ 25.8633, 25.564773, 24.74029, 24.244879 ] }, { "date": "2025-11-21", "close": 24.4352, "volume": 1446, "typical_volume": 1638.15, "trend": 23.70368, "fair_value": 21.567104, "relative_strength": 1.44902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.439181, "energy": 23.770735, "activity_lines": [ 25.307033, 25.43664, 24.767816, 24.299921 ] }, { "date": "2025-11-28", "close": 25.4233, "volume": 2383, "typical_volume": 1742.65, "trend": 23.823603, "fair_value": 21.606196, "relative_strength": 3.867596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.360717, "energy": 23.236553, "activity_lines": [ 25.108227, 25.472736, 24.882364, 24.410864 ] }, { "date": "2025-12-05", "close": 25.699699, "volume": 1798, "typical_volume": 1778.65, "trend": 23.94199, "fair_value": 21.655488, "relative_strength": 5.197351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.231436, "energy": 21.989592, "activity_lines": [ 25.280353, 25.531754, 25.0119, 24.531903 ] }, { "date": "2025-12-12", "close": 25.3995, "volume": 1185, "typical_volume": 1810.3, "trend": 24.01866, "fair_value": 21.705293, "relative_strength": 4.661345, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.490161, "energy": 20.337644, "activity_lines": [ 25.355273, 25.505669, 25.101025, 24.625936 ] }, { "date": "2025-12-19", "close": 25.4704, "volume": 1306, "typical_volume": 1810.85, "trend": 24.11654, "fair_value": 21.75729, "relative_strength": 4.004023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.218628, "energy": 25.214931, "activity_lines": [ 25.42206, 25.48038, 25.187037, 24.719596 ] }, { "date": "2025-12-26", "close": 25.547199, "volume": 411, "typical_volume": 1805.15, "trend": 24.209923, "fair_value": 21.809771, "relative_strength": 4.999998, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.199923, "energy": 29.673856, "activity_lines": [ 25.509253, 25.453541, 25.267972, 24.811897 ] }, { "date": "2026-01-02", "close": 25.5, "volume": 4916, "typical_volume": 2034.5, "trend": 24.293603, "fair_value": 21.861583, "relative_strength": 3.749107, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.292609, "energy": 26.047899, "activity_lines": [ 25.50658, 25.405565, 25.33284, 24.895128 ] }, { "date": "2026-01-09", "close": 26.4023, "volume": 6004, "typical_volume": 2282.0, "trend": 24.412813, "fair_value": 21.917094, "relative_strength": 5.320918, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.205262, "energy": 35.794075, "activity_lines": [ 25.79956, 25.596285, 25.472851, 25.031173 ] }, { "date": "2026-01-16", "close": 26.7414, "volume": 6814, "typical_volume": 2470.2, "trend": 24.550233, "fair_value": 21.976083, "relative_strength": 7.977536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.319677, "energy": 50.376528, "activity_lines": [ 26.158733, 25.836665, 25.630707, 25.181404 ] }, { "date": "2026-01-23", "close": 26.6127, "volume": 3716, "typical_volume": 2594.0, "trend": 24.671837, "fair_value": 22.031656, "relative_strength": 8.882078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.479377, "energy": 69.059165, "activity_lines": [ 26.385547, 26.020583, 25.759579, 25.314466 ] }, { "date": "2026-01-30", "close": 26.2117, "volume": 8114, "typical_volume": 2969.75, "trend": 24.780643, "fair_value": 22.082216, "relative_strength": 7.363231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.695783, "energy": 77.222677, "activity_lines": [ 26.40254, 26.109407, 25.833879, 25.413812 ] }, { "date": "2026-02-06", "close": 26.1497, "volume": 6379, "typical_volume": 3250.45, "trend": 24.884197, "fair_value": 22.131704, "relative_strength": 5.133371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.24628, "energy": 69.317407, "activity_lines": [ 26.354567, 26.154658, 25.889775, 25.502139 ] }, { "date": "2026-02-13", "close": 26.443701, "volume": 2497, "typical_volume": 3178.8, "trend": 24.991747, "fair_value": 22.183129, "relative_strength": 5.682883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.741928, "energy": 61.274298, "activity_lines": [ 26.36128, 26.240156, 25.963053, 25.602752 ] }, { "date": "2026-02-20", "close": 26.723, "volume": 10292, "typical_volume": 3385.5, "trend": 25.104917, "fair_value": 22.237335, "relative_strength": 4.142223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.677515, "energy": 50.615858, "activity_lines": [ 26.458334, 26.362909, 26.051394, 25.714446 ] }, { "date": "2026-02-27", "close": 26.844101, "volume": 3199, "typical_volume": 3335.55, "trend": 25.237447, "fair_value": 22.292275, "relative_strength": 3.665514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.048783, "energy": 52.31564, "activity_lines": [ 26.596981, 26.483617, 26.141799, 25.826651 ] }, { "date": "2026-03-06", "close": 26.4858, "volume": 3543, "typical_volume": 3476.4, "trend": 25.349737, "fair_value": 22.346944, "relative_strength": 9.404023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.654848, "energy": 46.201593, "activity_lines": [ 26.600767, 26.514202, 26.187476, 25.90719 ] }, { "date": "2026-03-13", "close": 26.107401, "volume": 4916, "typical_volume": 3687.9, "trend": 25.44552, "fair_value": 22.397552, "relative_strength": 8.581496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.366932, "energy": 36.612706, "activity_lines": [ 26.460147, 26.458922, 26.189356, 25.956072 ] }, { "date": "2026-03-20", "close": 25.480301, "volume": 9146, "typical_volume": 4107.9, "trend": 25.515933, "fair_value": 22.445332, "relative_strength": 8.992447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.269309, "energy": 11.300545, "activity_lines": [ 26.113314, 26.278581, 26.14817, 25.958315 ] }, { "date": "2026-03-27", "close": 25.2108, "volume": 7405, "typical_volume": 4362.65, "trend": 25.582003, "fair_value": 22.488894, "relative_strength": 6.995023, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.953407, "energy": 17.820521, "activity_lines": [ 25.740874, 26.066002, 26.082566, 25.938629 ] }, { "date": "2026-04-03", "close": 25.8106, "volume": 11777, "typical_volume": 4862.35, "trend": 25.669937, "fair_value": 22.535968, "relative_strength": 5.637617, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.890053, "energy": 22.095729, "activity_lines": [ 25.66918, 25.990308, 26.072715, 25.953378 ] }, { "date": "2026-04-10", "close": 26.507999, "volume": 3057, "typical_volume": 4942.9, "trend": 25.76731, "fair_value": 22.587076, "relative_strength": 4.304419, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.428675, "energy": 18.91228, "activity_lines": [ 25.898853, 26.055997, 26.127292, 26.007446 ] }, { "date": "2026-04-17", "close": 27.4562, "volume": 3710, "typical_volume": 5009.25, "trend": 25.885183, "fair_value": 22.644546, "relative_strength": 5.571071, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.897133, "energy": 31.600552, "activity_lines": [ 26.443113, 26.288698, 26.262303, 26.116407 ] }, { "date": "2026-04-24", "close": 27.7194, "volume": 3655, "typical_volume": 5102.1, "trend": 26.008463, "fair_value": 22.703801, "relative_strength": 9.638561, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.02058, "energy": 66.510918, "activity_lines": [ 26.985186, 26.5455, 26.412701, 26.234743 ] }, { "date": "2026-05-01", "close": 27.6714, "volume": 9296, "typical_volume": 5507.65, "trend": 26.106367, "fair_value": 22.763089, "relative_strength": 9.619467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.962392, "energy": 75.500265, "activity_lines": [ 27.361987, 26.77038, 26.548909, 26.34203 ] }, { "date": "2026-05-08", "close": 28.92, "volume": 7623, "typical_volume": 5823.5, "trend": 26.249793, "fair_value": 22.828638, "relative_strength": 14.100729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.008584, "energy": 89.554464, "activity_lines": [ 27.990947, 27.205035, 26.793213, 26.523554 ] }, { "date": "2026-05-15", "close": 29.215, "volume": 4299, "typical_volume": 6017.9, "trend": 26.395073, "fair_value": 22.893566, "relative_strength": 17.047394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.180618, "energy": 92.338865, "activity_lines": [ 28.510947, 27.655582, 27.049186, 26.714858 ] }, { "date": "2026-05-22", "close": 29.9711, "volume": 4027, "typical_volume": 5973.45, "trend": 26.407267, "fair_value": 22.962385, "relative_strength": 17.102734, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.732651, "energy": 94.763106, "activity_lines": [ 29.102513, 28.19398, 27.359703, 26.945569 ] }, { "date": "2026-05-29", "close": 30.680401, "volume": 5802, "typical_volume": 5963.35, "trend": 26.57186, "fair_value": 23.033949, "relative_strength": 18.296154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.766667, "energy": 95.715434, "activity_lines": [ 29.762854, 28.791093, 27.716481, 27.221255 ] }, { "date": "2026-06-05", "close": 30.7264, "volume": 1516, "typical_volume": 5698.45, "trend": 26.765307, "fair_value": 23.105596, "relative_strength": 17.405275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.179304, "energy": 93.098688, "activity_lines": [ 30.241127, 29.302022, 28.057268, 27.48929 ] }, { "date": "2026-06-12", "close": 30.819401, "volume": 374, "typical_volume": 5531.35, "trend": 26.946203, "fair_value": 23.175149, "relative_strength": 15.38847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.341344, "energy": 91.333929, "activity_lines": [ 30.546734, 29.729577, 28.387936, 27.750845 ] }, { "date": "2026-06-19", "close": 31.347, "volume": 587, "typical_volume": 5155.0, "trend": 27.176597, "fair_value": 23.250992, "relative_strength": 15.867405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.170954, "energy": 92.928523, "activity_lines": [ 30.90158, 30.161989, 28.74882, 28.034767 ] }, { "date": "2026-06-26", "close": 31.106899, "volume": 661, "typical_volume": 4869.1, "trend": 27.36605, "fair_value": 23.323413, "relative_strength": 14.97885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.907627, "energy": 87.978069, "activity_lines": [ 31.03426, 30.462766, 29.062383, 28.288335 ] }, { "date": "2026-07-03", "close": 31.364599, "volume": 2330, "typical_volume": 4860.75, "trend": 27.55488, "fair_value": 23.39967, "relative_strength": 13.7747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.565922, "energy": 85.28633, "activity_lines": [ 31.17712, 30.74402, 29.376884, 28.546306 ] }, { "date": "2026-07-10", "close": 30.947701, "volume": 16812, "typical_volume": 5186.75, "trend": 27.73982, "fair_value": 23.472033, "relative_strength": 14.019166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.654474, "energy": 66.692897, "activity_lines": [ 31.1354, 30.883198, 29.628247, 28.765198 ] }, { "date": "2026-07-17", "close": 29.7925, "volume": 17064, "typical_volume": 5880.0, "trend": 27.88389, "fair_value": 23.535134, "relative_strength": 9.374383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.518674, "energy": 56.68439, "activity_lines": [ 30.69386, 30.752771, 29.749473, 28.897628 ] }, { "date": "2026-07-24", "close": 30.093599, "volume": 8528, "typical_volume": 6129.25, "trend": 28.035437, "fair_value": 23.59906, "relative_strength": 9.639926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.124416, "energy": 45.3794, "activity_lines": [ 30.421146, 30.661225, 29.885335, 29.04019 ] }, { "date": "2026-07-31", "close": 30.029301, "volume": 20917, "typical_volume": 6929.3, "trend": 28.186413, "fair_value": 23.664747, "relative_strength": 7.325901, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.54758, "energy": 29.083223, "activity_lines": [ 30.21056, 30.542015, 29.997894, 29.168827 ] }, { "date": "2026-08-07", "close": 31.512501, "volume": 19364, "typical_volume": 7440.2, "trend": 28.356753, "fair_value": 23.741265, "relative_strength": 9.569885, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.070905, "energy": 38.516386, "activity_lines": [ 30.566214, 30.691418, 30.233034, 29.383413 ] } ], "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." } } }