{ "ticker": { "uuid": "a16580ab-2c43-4cd7-b0d0-2caa11ef3a4c", "symbol": "ALAI", "name": "THE ALGER ETF TRUST AI ENABLERS & ADOPTERS ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 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": 47.034, "architecture_energy": 25.538, "architecture_maturity": 67.379, "architecture_confidence": 89.821, "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": 38.23, "rotation_up": 31.05, "upward_expansion": 58.08, "deceleration": 88.16, "rotation_down": 26.95, "downward_expansion": 19.41 }, "activity_lines": [ 43.633013, 43.835331, 43.290587, 41.514191 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 44.88, "trend_reference": 39.36804, "distance_from_trend": 0.140011, "trend_direction": "Improving", "fair_value": 30.009484, "distance_from_fair_value": 0.495527, "fair_value_direction": "Improving", "relative_strength": 6.01896, "relative_strength_direction": "Weakening", "price_momentum": 0.293383, "excess_performance": 0.167758, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.140011, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.070706, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.495527, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.021346, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.06019, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.027389, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.293383, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.080449, "read": "Demand-led" } ], "volume": { "latest": 192546, "relative_activity": 0.429955, "balance": 1.080449, "dry_up": 0.988698, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.063915, "annualized_volatility": 0.282115, "from_high_reference": -0.042662, "from_low_reference": 0.455017 }, "levels": { "trend_reference": 39.36804, "fair_value_reference": 30.009484, "structural_low": 30.845, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.003639, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.002501, "regime_survival": 0.75, "best_return": 0.07015, "worst_return": -0.069919, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.137613, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.070753, "regime_survival": 0.5, "best_return": 0.251159, "worst_return": 0.024066, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.28127, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.143392, "regime_survival": 0.0, "best_return": 0.28127, "worst_return": 0.28127, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-14", "tenure": "Developing", "return": -0.025156, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-02-20", "tenure": "Established", "return": 0.024066, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.018261, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.198109, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.042903, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-17", "tenure": "Developing", "return": 0.003866, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.060241, "active": true } ], "chart_path": [ { "date": "2024-04-05", "close": 19.654345, "volume": 65362, "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": 19.504521, "volume": 100883, "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": 18.140929, "volume": 58454, "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": 18.994764, "volume": 9121, "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": 19.269557, "volume": 23812, "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": 19.846642, "volume": 3828, "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": 20.127013, "volume": 17249, "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": 20.572083, "volume": 8920, "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": 20.116737, "volume": 3525, "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": 20.746667, "volume": 2833, "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": "2024-06-14", "close": 21.596293, "volume": 11855, "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": "2024-06-21", "close": 21.59688, "volume": 94411, "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": "2024-06-28", "close": 21.61293, "volume": 25610, "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": "2024-07-05", "close": 22.370959, "volume": 856, "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": "2024-07-12", "close": 22.181207, "volume": 10447, "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": "2024-07-19", "close": 21.033594, "volume": 17229, "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": "2024-07-26", "close": 20.482247, "volume": 42725, "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": "2024-08-02", "close": 19.70856, "volume": 20395, "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": "2024-08-09", "close": 19.993628, "volume": 14985, "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": "2024-08-16", "close": 21.304277, "volume": 22708, "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": "2024-08-23", "close": 21.567033, "volume": 8338, "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": "2024-08-30", "close": 21.402138, "volume": 5975, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 20.022302, "volume": 9792, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 21.793581, "volume": 19516, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 22.439461, "volume": 60723, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 22.644969, "volume": 43274, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 22.98024, "volume": 3780, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 23.35759, "volume": 16410, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 23.533153, "volume": 11269, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 23.638744, "volume": 13355, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 23.27617, "volume": 10692, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 25.267636, "volume": 235118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 24.719616, "volume": 85428, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 25.541646, "volume": 33382, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 25.708009, "volume": 25087, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 27.166134, "volume": 66750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 26.637686, "volume": 67914, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 26.150019, "volume": 117726, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 26.351174, "volume": 41767, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 26.715658, "volume": 44627, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 26.232963, "volume": 54921, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 27.122106, "volume": 61944, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 28.15389, "volume": 112597, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 27.099843, "volume": 140521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 27.493879, "volume": 97760, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 28.616883, "volume": 50584, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 26.902825, "volume": 154538, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 25.344018, "volume": 89912, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 23.480916, "volume": 63025, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 23.629664, "volume": 23262, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 23.851704, "volume": 30499, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 22.751653, "volume": 11036, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 20.21406, "volume": 135596, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 22.21005, "volume": 67862, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 21.530042, "volume": 12375, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 23.371078, "volume": 22688, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 24.539297, "volume": 103238, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 24.816403, "volume": 23736, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 27.054726, "volume": 40512, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 26.720288, "volume": 45736, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 27.367886, "volume": 55546, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 28.590088, "volume": 249948, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 28.562703, "volume": 156540, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 28.532263, "volume": 71646, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 30.168302, "volume": 685591, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 30.22258, "volume": 154097, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 30.116388, "volume": 233373, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 31.256926, "volume": 352853, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 31.562304, "volume": 253508, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 31.5229, "volume": 341346, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 33.059641, "volume": 338404, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 33.246809, "volume": 539302, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 32.82322, "volume": 365076, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 33.241883, "volume": 557987, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 33.818161, "volume": 595364, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 35.709535, "volume": 485280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 36.793135, "volume": 1261279, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 36.369546, "volume": 514287, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 37.197022, "volume": 1418677, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 36.221782, "volume": 642535, "typical_volume": 463631.95, "trend": 29.448079, "fair_value": 25.466077, "relative_strength": 19.152321, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.733653, "energy": 67.347244, "activity_lines": [ 36.553429, 35.633414, 33.911177, 32.11375 ] }, { "date": "2025-10-17", "close": 36.428651, "volume": 602918, "typical_volume": 491000.55, "trend": 29.867311, "fair_value": 25.601417, "relative_strength": 17.100621, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.636533, "energy": 64.9859, "activity_lines": [ 36.543578, 35.920792, 34.302558, 32.564109 ] }, { "date": "2025-10-24", "close": 37.019706, "volume": 354198, "typical_volume": 496213.05, "trend": 30.342913, "fair_value": 25.740665, "relative_strength": 16.104641, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.903951, "energy": 65.082362, "activity_lines": [ 36.682805, 36.25438, 34.707083, 33.025554 ] }, { "date": "2025-10-31", "close": 37.945691, "volume": 549766, "typical_volume": 515874.35, "trend": 30.933967, "fair_value": 25.887713, "relative_strength": 17.479507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.39993, "energy": 66.449797, "activity_lines": [ 37.115588, 36.68773, 35.159656, 33.516056 ] }, { "date": "2025-11-07", "close": 36.537011, "volume": 514949, "typical_volume": 538039.5, "trend": 31.411532, "fair_value": 26.014491, "relative_strength": 14.44404, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.394881, "energy": 54.821702, "activity_lines": [ 36.973735, 36.771821, 35.433388, 33.877543 ] }, { "date": "2025-11-14", "close": 35.310573, "volume": 324770, "typical_volume": 519998.45, "trend": 31.870883, "fair_value": 26.123856, "relative_strength": 10.007052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.31481, "energy": 40.899801, "activity_lines": [ 36.46707, 36.573012, 35.552199, 34.129094 ] }, { "date": "2025-11-21", "close": 34.005328, "volume": 505639, "typical_volume": 537575.55, "trend": 32.225358, "fair_value": 26.215501, "relative_strength": 7.659454, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.360515, "energy": 23.299056, "activity_lines": [ 35.58607, 36.10975, 35.522214, 34.2668 ] }, { "date": "2025-11-28", "close": 36.31044, "volume": 230843, "typical_volume": 537449.05, "trend": 32.61773, "fair_value": 26.331535, "relative_strength": 10.418723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.427814, "energy": 21.726552, "activity_lines": [ 35.634996, 36.096586, 35.69375, 34.530354 ] }, { "date": "2025-12-05", "close": 36.674924, "volume": 300588, "typical_volume": 534835.8, "trend": 33.013014, "fair_value": 26.449074, "relative_strength": 10.787741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.861107, "energy": 21.754226, "activity_lines": [ 35.852701, 36.158468, 35.870504, 34.792108 ] }, { "date": "2025-12-12", "close": 35.97551, "volume": 287001, "typical_volume": 536510.45, "trend": 33.310373, "fair_value": 26.556112, "relative_strength": 8.947802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.502241, "energy": 17.564336, "activity_lines": [ 35.921986, 36.087631, 35.954846, 34.983237 ] }, { "date": "2025-12-19", "close": 36.3908, "volume": 473873, "typical_volume": 543136.8, "trend": 33.632724, "fair_value": 26.665387, "relative_strength": 9.694035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.62961, "energy": 29.329286, "activity_lines": [ 36.167135, 36.11451, 36.057725, 35.181974 ] }, { "date": "2025-12-26", "close": 36.9217, "volume": 347375, "typical_volume": 543585.35, "trend": 33.951184, "fair_value": 26.778093, "relative_strength": 9.352767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.671268, "energy": 33.320139, "activity_lines": [ 36.517235, 36.234844, 36.187985, 35.394166 ] }, { "date": "2026-01-02", "close": 36.31, "volume": 934820, "typical_volume": 563361.25, "trend": 34.208514, "fair_value": 26.881701, "relative_strength": 8.345972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.065052, "energy": 25.538126, "activity_lines": [ 36.46901, 36.234996, 36.241597, 35.546348 ] }, { "date": "2026-01-09", "close": 37.0088, "volume": 460809, "typical_volume": 568147.9, "trend": 34.490051, "fair_value": 26.990594, "relative_strength": 8.37393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.762406, "energy": 32.294855, "activity_lines": [ 36.653747, 36.375105, 36.347175, 35.727011 ] }, { "date": "2026-01-16", "close": 36.9, "volume": 395873, "typical_volume": 560042.2, "trend": 34.768976, "fair_value": 27.096014, "relative_strength": 8.117769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.705734, "energy": 30.83965, "activity_lines": [ 36.77996, 36.512467, 36.42246, 35.882492 ] }, { "date": "2026-01-23", "close": 36.4849, "volume": 231937, "typical_volume": 541870.85, "trend": 34.979529, "fair_value": 27.194844, "relative_strength": 7.024589, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.24989, "energy": 26.184593, "activity_lines": [ 36.706173, 36.567757, 36.440792, 35.993197 ] }, { "date": "2026-01-30", "close": 35.85, "volume": 430789, "typical_volume": 539146.3, "trend": 35.16711, "fair_value": 27.285002, "relative_strength": 4.491784, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.015947, "energy": 16.58803, "activity_lines": [ 36.41448, 36.486259, 36.385958, 36.049356 ] }, { "date": "2026-02-06", "close": 34.6997, "volume": 517257, "typical_volume": 501945.2, "trend": 35.319887, "fair_value": 27.361442, "relative_strength": 1.181933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.521367, "energy": 6.108305, "activity_lines": [ 35.8108, 36.162075, 36.220903, 36.019201 ] }, { "date": "2026-02-13", "close": 34.32, "volume": 427937, "typical_volume": 497627.7, "trend": 35.421989, "fair_value": 27.432448, "relative_strength": 1.264808, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.034451, "energy": 24.836921, "activity_lines": [ 35.187907, 35.798142, 36.029655, 35.954692 ] }, { "date": "2026-02-20", "close": 34.8237, "volume": 247030, "typical_volume": 439045.35, "trend": 35.530702, "fair_value": 27.507107, "relative_strength": 1.40466, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.181343, "energy": 42.43667, "activity_lines": [ 34.912167, 35.568607, 35.896139, 35.916093 ] }, { "date": "2026-02-27", "close": 34.2148, "volume": 402938, "typical_volume": 427065.5, "trend": 35.620432, "fair_value": 27.574184, "relative_strength": -0.128042, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.544218, "energy": 57.156421, "activity_lines": [ 34.57188, 35.249305, 35.715933, 35.831196 ] }, { "date": "2026-03-06", "close": 33.54, "volume": 648968, "typical_volume": 429368.0, "trend": 35.636444, "fair_value": 27.633251, "relative_strength": -0.447058, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.698431, "energy": 61.463547, "activity_lines": [ 34.158, 34.846876, 35.481017, 35.696974 ] }, { "date": "2026-03-13", "close": 33.59, "volume": 437716, "typical_volume": 433543.9, "trend": 35.647884, "fair_value": 27.691651, "relative_strength": 0.901157, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.008314, "energy": 67.124668, "activity_lines": [ 33.914787, 34.515024, 35.264619, 35.564946 ] }, { "date": "2026-03-20", "close": 33.1439, "volume": 375458, "typical_volume": 424828.5, "trend": 35.658573, "fair_value": 27.744585, "relative_strength": 1.065289, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.010178, "energy": 69.053415, "activity_lines": [ 33.596853, 34.151516, 35.022068, 35.403398 ] }, { "date": "2026-03-27", "close": 31.6841, "volume": 374807, "typical_volume": 417821.4, "trend": 35.606647, "fair_value": 27.782465, "relative_strength": -1.500202, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.0918, "energy": 75.245796, "activity_lines": [ 32.870727, 33.592862, 34.663353, 35.146981 ] }, { "date": "2026-04-03", "close": 33.7, "volume": 470767, "typical_volume": 425121.25, "trend": 35.602708, "fair_value": 27.838823, "relative_strength": 0.876326, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.095235, "energy": 48.775248, "activity_lines": [ 33.025873, 33.495569, 34.519738, 35.023971 ] }, { "date": "2026-04-10", "close": 36.11, "volume": 582324, "typical_volume": 428955.5, "trend": 35.616057, "fair_value": 27.916853, "relative_strength": 3.896941, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.115433, "energy": 21.870153, "activity_lines": [ 34.018673, 33.887093, 34.613316, 35.0567 ] }, { "date": "2026-04-17", "close": 38.97, "volume": 700434, "typical_volume": 452435.05, "trend": 35.688619, "fair_value": 28.020153, "relative_strength": 6.739638, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.663065, "energy": 20.503612, "activity_lines": [ 35.793473, 34.793889, 34.969253, 35.273083 ] }, { "date": "2026-04-24", "close": 39.71, "volume": 451883, "typical_volume": 459999.8, "trend": 35.799968, "fair_value": 28.128392, "relative_strength": 7.676457, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 40.272919, "energy": 42.851122, "activity_lines": [ 37.456273, 35.757589, 35.383001, 35.532527 ] }, { "date": "2026-05-01", "close": 40.09, "volume": 436839, "typical_volume": 467491.7, "trend": 35.896401, "fair_value": 28.238132, "relative_strength": 7.22221, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.227136, "energy": 63.955655, "activity_lines": [ 38.808, 36.69238, 35.818487, 35.809303 ] }, { "date": "2026-05-08", "close": 41.81, "volume": 246369, "typical_volume": 456116.5, "trend": 36.082674, "fair_value": 28.361513, "relative_strength": 8.75783, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.254989, "energy": 90.344515, "activity_lines": [ 40.172667, 37.844147, 36.39819, 36.190826 ] }, { "date": "2026-05-15", "close": 42.7025, "volume": 290547, "typical_volume": 453275.1, "trend": 36.291803, "fair_value": 28.490711, "relative_strength": 10.369328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.829728, "energy": 92.820374, "activity_lines": [ 41.294167, 39.020093, 37.037087, 36.617911 ] }, { "date": "2026-05-22", "close": 43.57, "volume": 286624, "typical_volume": 420865.3, "trend": 36.510146, "fair_value": 28.625347, "relative_strength": 11.153942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.346159, "energy": 92.381045, "activity_lines": [ 42.265333, 40.187175, 37.731076, 37.087472 ] }, { "date": "2026-05-29", "close": 45.69, "volume": 377448, "typical_volume": 416697.25, "trend": 36.76829, "fair_value": 28.776362, "relative_strength": 14.330365, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.007047, "energy": 94.512491, "activity_lines": [ 43.6365, 41.558256, 38.592398, 37.679721 ] }, { "date": "2026-06-05", "close": 43.27, "volume": 467056, "typical_volume": 420256.4, "trend": 36.992722, "fair_value": 28.903499, "relative_strength": 10.634867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.485088, "energy": 81.377302, "activity_lines": [ 43.802333, 42.261227, 39.181904, 38.099186 ] }, { "date": "2026-06-12", "close": 43.38, "volume": 448796, "typical_volume": 431099.35, "trend": 37.261703, "fair_value": 29.029382, "relative_strength": 9.885958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.437999, "energy": 63.622629, "activity_lines": [ 43.792833, 42.773545, 39.751554, 38.511269 ] }, { "date": "2026-06-19", "close": 46.75, "volume": 449832, "typical_volume": 432051.5, "trend": 37.686526, "fair_value": 29.182146, "relative_strength": 16.740365, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.723923, "energy": 69.62451, "activity_lines": [ 44.802, 43.722591, 40.609322, 39.123417 ] }, { "date": "2026-06-26", "close": 44.02, "volume": 466185, "typical_volume": 429497.9, "trend": 37.943511, "fair_value": 29.308965, "relative_strength": 12.166072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.982138, "energy": 56.456977, "activity_lines": [ 44.631333, 43.981818, 41.155185, 39.532028 ] }, { "date": "2026-07-03", "close": 43.57, "volume": 652572, "typical_volume": 440729.65, "trend": 38.173347, "fair_value": 29.429821, "relative_strength": 8.292953, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.50537, "energy": 51.885166, "activity_lines": [ 44.280667, 44.067409, 41.613809, 39.895027 ] }, { "date": "2026-07-10", "close": 45.37, "volume": 483015, "typical_volume": 452528.9, "trend": 38.486497, "fair_value": 29.563772, "relative_strength": 10.803204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.547108, "energy": 55.465352, "activity_lines": [ 44.671333, 44.410091, 42.199814, 40.359328 ] }, { "date": "2026-07-17", "close": 42.8676, "volume": 861997, "typical_volume": 475481.85, "trend": 38.70239, "fair_value": 29.674637, "relative_strength": 6.058964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.178859, "energy": 37.727637, "activity_lines": [ 44.087867, 44.201791, 42.497274, 40.641979 ] }, { "date": "2026-07-24", "close": 42.33, "volume": 288687, "typical_volume": 457467.8, "trend": 38.882667, "fair_value": 29.779227, "relative_strength": 5.079366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.848517, "energy": 29.1762, "activity_lines": [ 43.35936, 43.876516, 42.702331, 40.876019 ] }, { "date": "2026-07-31", "close": 43.0, "volume": 427838, "typical_volume": 456973.9, "trend": 39.105667, "fair_value": 29.887594, "relative_strength": 5.351106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.743593, "energy": 24.280697, "activity_lines": [ 43.148853, 43.679833, 42.92934, 41.141653 ] }, { "date": "2026-08-07", "close": 44.88, "volume": 192546, "typical_volume": 447828.3, "trend": 39.36804, "fair_value": 30.009484, "relative_strength": 6.01896, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.033859, "energy": 25.538181, "activity_lines": [ 43.633013, 43.835331, 43.290587, 41.514191 ] } ], "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." } } }