{ "ticker": { "uuid": "a2520348-e42b-4ebd-9bbf-a4bfeb583798", "symbol": "LJUL", "name": "Innovator Premium Income 15 Buffer ETF - July", "exchange": "CBOE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 79.709, "architecture_energy": 60.054, "architecture_maturity": 2.947, "architecture_confidence": 68.163, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 34.1, "rotation_up": 63.81, "upward_expansion": 80.72, "deceleration": 53.7, "rotation_down": 15.04, "downward_expansion": 9.72 }, "activity_lines": [ 23.854822, 23.818648, 23.793346, 23.751181 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 23.97, "trend_reference": 23.689713, "distance_from_trend": 0.011832, "trend_direction": "Improving", "fair_value": 22.801238, "distance_from_fair_value": 0.051259, "fair_value_direction": "Improving", "relative_strength": -9.148446, "relative_strength_direction": "Improving", "price_momentum": 0.017465, "excess_performance": -0.10816, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.011832, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006228, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.051259, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00425, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.091484, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00129, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.017465, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.051106, "read": "Demand-led" } ], "volume": { "latest": 12394, "relative_activity": 1.094581, "balance": 2.051106, "dry_up": 1.051373, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.004041, "annualized_volatility": 0.016482, "from_high_reference": -0.002073, "from_low_reference": 0.048486 }, "levels": { "trend_reference": 23.689713, "fair_value_reference": 22.801238, "structural_low": 23.446618, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.001169, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.006139, "regime_survival": 0.857143, "best_return": 0.005673, "worst_return": -0.002127, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.005479, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.042319, "regime_survival": 1.0, "best_return": 0.008626, "worst_return": 0.002333, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.010979, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.08253, "regime_survival": 1.0, "best_return": 0.010979, "worst_return": 0.010979, "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": "2026-01-09", "end": "2026-07-10", "tenure": "Extended", "return": 0.010979, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": 0.003808, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2024-07-05", "close": 21.519263, "volume": 4309, "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": 21.572216, "volume": 28350, "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": 21.519263, "volume": 4851, "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": 21.539831, "volume": 10755, "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": 21.477482, "volume": 7664, "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": 21.508567, "volume": 36995, "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": 21.669069, "volume": 3498, "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": 21.714383, "volume": 13432, "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": 21.742098, "volume": 3510, "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": 21.627105, "volume": 12594, "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": 21.801188, "volume": 18510, "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": 21.851447, "volume": 3127, "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": 21.874846, "volume": 2472, "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": 21.861053, "volume": 1180, "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": 21.899287, "volume": 2767, "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": 21.943375, "volume": 563, "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": 21.920325, "volume": 11724, "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": 21.916418, "volume": 5921, "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": 22.045253, "volume": 252, "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": 22.029723, "volume": 1177, "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": 22.045253, "volume": 1363, "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": 22.10561, "volume": 138, "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": 22.124074, "volume": 135, "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": 22.147153, "volume": 637, "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": 22.10561, "volume": 9069, "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": 22.151769, "volume": 51, "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": 22.13858, "volume": 4466, "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": 22.152213, "volume": 450, "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": 22.226596, "volume": 19344, "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": 22.259057, "volume": 3090, "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": 22.268964, "volume": 6384, "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": 22.287785, "volume": 924, "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": 22.319651, "volume": 11580, "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": 22.324869, "volume": 3603, "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": 22.329698, "volume": 2900, "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": 22.302832, "volume": 1232, "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": 22.330353, "volume": 1599, "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": 22.380339, "volume": 453, "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": 22.38633, "volume": 843, "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": 21.928269, "volume": 1831, "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": 22.150305, "volume": 5998, "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": 22.285916, "volume": 2469, "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": 22.438736, "volume": 386, "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": 22.524234, "volume": 394, "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": 22.553051, "volume": 182, "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": 22.595095, "volume": 453, "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": 22.600102, "volume": 988, "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": 22.628807, "volume": 13, "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": 22.651493, "volume": 3511, "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": 22.666775, "volume": 4120, "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": 22.671521, "volume": 2176, "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": 22.681013, "volume": 18903, "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": 22.719761, "volume": 106819, "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": 22.734065, "volume": 58268, "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": 22.800817, "volume": 36706, "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": 22.86757, "volume": 35123, "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": 22.813652, "volume": 35280, "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": 22.899849, "volume": 21733, "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": 22.93816, "volume": 9292, "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": 22.981258, "volume": 9978, "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": 22.994546, "volume": 1354, "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": 23.052067, "volume": 4683, "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": 23.09997, "volume": 962, "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": 23.124113, "volume": 18449, "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": 23.129308, "volume": 934, "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": 23.156257, "volume": 34458, "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": 23.089503, "volume": 1764, "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": "2025-10-17", "close": 23.146596, "volume": 2650, "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": "2025-10-24", "close": 23.233734, "volume": 5692, "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": "2025-10-31", "close": 23.224434, "volume": 445, "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": "2025-11-07", "close": 23.227442, "volume": 3462, "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": "2025-11-14", "close": 23.241801, "volume": 4809, "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": "2025-11-21", "close": 23.202992, "volume": 13319, "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": "2025-11-28", "close": 23.332492, "volume": 2825, "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": "2025-12-05", "close": 23.371469, "volume": 1301, "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": "2025-12-12", "close": 23.39086, "volume": 1826, "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": "2025-12-19", "close": 23.425062, "volume": 2569, "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": "2025-12-26", "close": 23.454294, "volume": 16070, "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": "2026-01-02", "close": 23.467444, "volume": 4367, "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": "2026-01-09", "close": 23.531055, "volume": 61336, "typical_volume": 9163.75, "trend": 23.100103, "fair_value": 22.46806, "relative_strength": -8.461453, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.43056, "energy": 87.244049, "activity_lines": [ 23.475261, 23.417815, 23.324073, 23.235481 ] }, { "date": "2026-01-16", "close": 23.511482, "volume": 9661, "typical_volume": 9579.1, "trend": 23.128102, "fair_value": 22.480942, "relative_strength": -8.045253, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.6981, "energy": 78.907882, "activity_lines": [ 23.494507, 23.444541, 23.349474, 23.262022 ] }, { "date": "2026-01-23", "close": 23.531055, "volume": 36814, "typical_volume": 11185.65, "trend": 23.156437, "fair_value": 22.493748, "relative_strength": -7.504703, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.168626, "energy": 77.93351, "activity_lines": [ 23.512237, 23.469661, 23.374277, 23.288018 ] }, { "date": "2026-01-30", "close": 23.529561, "volume": 62454, "typical_volume": 14260.25, "trend": 23.18343, "fair_value": 22.506228, "relative_strength": -7.711778, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.431003, "energy": 66.895387, "activity_lines": [ 23.522402, 23.48925, 23.396658, 23.312091 ] }, { "date": "2026-02-06", "close": 23.558555, "volume": 28678, "typical_volume": 14771.7, "trend": 23.210913, "fair_value": 22.518756, "relative_strength": -7.251832, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.590539, "energy": 66.739476, "activity_lines": [ 23.537214, 23.508173, 23.419753, 23.336293 ] }, { "date": "2026-02-13", "close": 23.554132, "volume": 4368, "typical_volume": 14943.4, "trend": 23.236024, "fair_value": 22.530936, "relative_strength": -5.940461, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.411482, "energy": 65.307537, "activity_lines": [ 23.544477, 23.522182, 23.440359, 23.358436 ] }, { "date": "2026-02-20", "close": 23.53939, "volume": 664, "typical_volume": 13253.7, "trend": 23.258418, "fair_value": 22.542663, "relative_strength": -6.875613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.558851, "energy": 61.641418, "activity_lines": [ 23.545288, 23.530189, 23.457538, 23.378008 ] }, { "date": "2026-02-27", "close": 23.591946, "volume": 9499, "typical_volume": 13640.45, "trend": 23.284361, "fair_value": 22.554723, "relative_strength": -6.020751, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.189206, "energy": 65.393006, "activity_lines": [ 23.561757, 23.545051, 23.477898, 23.399526 ] }, { "date": "2026-03-06", "close": 23.522848, "volume": 10170, "typical_volume": 14016.45, "trend": 23.305128, "fair_value": 22.565725, "relative_strength": -4.188096, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.347649, "energy": 54.570373, "activity_lines": [ 23.551134, 23.544316, 23.489285, 23.414912 ] }, { "date": "2026-03-13", "close": 23.557397, "volume": 30, "typical_volume": 13733.35, "trend": 23.325769, "fair_value": 22.576867, "relative_strength": -2.350424, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.82465, "energy": 51.67307, "activity_lines": [ 23.552475, 23.548616, 23.50217, 23.431187 ] }, { "date": "2026-03-20", "close": 23.550093, "volume": 65510, "typical_volume": 16986.6, "trend": 23.34473, "fair_value": 22.587681, "relative_strength": -0.390359, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.228463, "energy": 43.673904, "activity_lines": [ 23.551459, 23.549953, 23.512818, 23.44566 ] }, { "date": "2026-03-27", "close": 23.518012, "volume": 5114, "typical_volume": 17069.2, "trend": 23.362179, "fair_value": 22.597904, "relative_strength": 1.942386, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.264186, "energy": 30.370374, "activity_lines": [ 23.540018, 23.54511, 23.51886, 23.456839 ] }, { "date": "2026-04-03", "close": 23.656298, "volume": 4585, "typical_volume": 17058.0, "trend": 23.38232, "fair_value": 22.609409, "relative_strength": -0.445555, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.340826, "energy": 46.539321, "activity_lines": [ 23.576097, 23.565292, 23.536689, 23.475815 ] }, { "date": "2026-04-10", "close": 23.734024, "volume": 87577, "typical_volume": 20770.9, "trend": 23.403455, "fair_value": 22.621501, "relative_strength": -3.231037, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.638628, "energy": 52.649762, "activity_lines": [ 23.633795, 23.597328, 23.559946, 23.498505 ] }, { "date": "2026-04-17", "close": 23.768723, "volume": 1765, "typical_volume": 20717.9, "trend": 23.424942, "fair_value": 22.633706, "relative_strength": -6.812128, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.29608, "energy": 69.620934, "activity_lines": [ 23.688981, 23.631956, 23.58398, 23.522071 ] }, { "date": "2026-04-24", "close": 23.783594, "volume": 500, "typical_volume": 20677.85, "trend": 23.446752, "fair_value": 22.64581, "relative_strength": -6.855924, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.092774, "energy": 82.414275, "activity_lines": [ 23.735036, 23.665467, 23.607352, 23.54521 ] }, { "date": "2026-05-01", "close": 23.708791, "volume": 5679, "typical_volume": 20870.5, "trend": 23.465169, "fair_value": 22.656882, "relative_strength": -7.65099, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.780094, "energy": 73.920861, "activity_lines": [ 23.74059, 23.681205, 23.621638, 23.562116 ] }, { "date": "2026-05-08", "close": 23.733576, "volume": 12524, "typical_volume": 21368.25, "trend": 23.486638, "fair_value": 22.667982, "relative_strength": -9.277451, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.580753, "energy": 63.584408, "activity_lines": [ 23.741686, 23.698369, 23.63677, 23.579432 ] }, { "date": "2026-05-15", "close": 23.74349, "volume": 5475, "typical_volume": 20838.5, "trend": 23.506535, "fair_value": 22.678957, "relative_strength": -9.117423, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.40141, "energy": 49.214957, "activity_lines": [ 23.740936, 23.714761, 23.651377, 23.596003 ] }, { "date": "2026-05-22", "close": 23.768274, "volume": 1097, "typical_volume": 20675.0, "trend": 23.524353, "fair_value": 22.68996, "relative_strength": -9.437643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.813318, "energy": 46.411258, "activity_lines": [ 23.747816, 23.731647, 23.666968, 23.61289 ] }, { "date": "2026-05-29", "close": 23.786588, "volume": 9541, "typical_volume": 18085.25, "trend": 23.543091, "fair_value": 22.700926, "relative_strength": -10.304414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.215258, "energy": 47.208669, "activity_lines": [ 23.76083, 23.748029, 23.68287, 23.629808 ] }, { "date": "2026-06-05", "close": 23.796545, "volume": 2540, "typical_volume": 17729.2, "trend": 23.562061, "fair_value": 22.711774, "relative_strength": -7.661059, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.961357, "energy": 47.143274, "activity_lines": [ 23.776964, 23.761921, 23.698504, 23.64616 ] }, { "date": "2026-06-12", "close": 23.816458, "volume": 115, "typical_volume": 15894.25, "trend": 23.581217, "fair_value": 22.722604, "relative_strength": -7.787603, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.739638, "energy": 49.624382, "activity_lines": [ 23.793885, 23.77437, 23.714676, 23.662573 ] }, { "date": "2026-06-19", "close": 23.821437, "volume": 4804, "typical_volume": 13011.75, "trend": 23.601831, "fair_value": 22.733273, "relative_strength": -8.280549, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.543464, "energy": 57.597498, "activity_lines": [ 23.80694, 23.784812, 23.729964, 23.678071 ] }, { "date": "2026-06-26", "close": 23.735987, "volume": 3628, "typical_volume": 11759.25, "trend": 23.615281, "fair_value": 22.742914, "relative_strength": -6.138698, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.05753, "energy": 42.232289, "activity_lines": [ 23.786316, 23.778128, 23.735724, 23.686726 ] }, { "date": "2026-07-03", "close": 23.74958, "volume": 29178, "typical_volume": 12999.75, "trend": 23.627885, "fair_value": 22.752501, "relative_strength": -7.828444, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.2626, "energy": 31.473646, "activity_lines": [ 23.772375, 23.774511, 23.741934, 23.69539 ] }, { "date": "2026-07-10", "close": 23.789403, "volume": 4720, "typical_volume": 13202.55, "trend": 23.64117, "fair_value": 22.762284, "relative_strength": -8.64612, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.540021, "energy": 30.66197, "activity_lines": [ 23.774175, 23.778753, 23.751005, 23.705811 ] }, { "date": "2026-07-17", "close": 23.769492, "volume": 17463, "typical_volume": 13600.75, "trend": 23.652651, "fair_value": 22.771697, "relative_strength": -7.044329, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.391884, "energy": 22.388314, "activity_lines": [ 23.769815, 23.777909, 23.75699, 23.71409 ] }, { "date": "2026-07-24", "close": 23.734646, "volume": 14541, "typical_volume": 13819.3, "trend": 23.661996, "fair_value": 22.780613, "relative_strength": -6.414797, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.372265, "energy": 19.201893, "activity_lines": [ 23.75697, 23.770076, 23.75881, 23.71938 ] }, { "date": "2026-07-31", "close": 23.86, "volume": 3221, "typical_volume": 13978.85, "trend": 23.675081, "fair_value": 22.790516, "relative_strength": -6.670785, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.278126, "energy": 37.294325, "activity_lines": [ 23.791696, 23.785196, 23.771561, 23.732154 ] }, { "date": "2026-08-07", "close": 23.97, "volume": 12394, "typical_volume": 11323.05, "trend": 23.689713, "fair_value": 22.801238, "relative_strength": -9.148446, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.709066, "energy": 60.053905, "activity_lines": [ 23.854822, 23.818648, 23.793346, 23.751181 ] } ], "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." } } }