{ "ticker": { "uuid": "a6dd4baf-8157-4432-aa54-260a8d1ec418", "symbol": "PGF", "name": "INVESCO EXCHANGE TRADED FD TR FINL PFD 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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 77.926, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -59.19, "architecture_energy": 44.931, "architecture_maturity": 22.307, "architecture_confidence": 93.751, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 15.58, "rotation_up": 19.7, "upward_expansion": 6.81, "deceleration": 46.9, "rotation_down": 55.1, "downward_expansion": 80.14 }, "activity_lines": [ 13.58896, 13.614388, 13.678963, 13.737033 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.666667 }, "latest_close": 13.58, "trend_reference": 13.829419, "distance_from_trend": -0.018035, "trend_direction": "Weakening", "fair_value": 13.37763, "distance_from_fair_value": 0.015127, "fair_value_direction": "Weakening", "relative_strength": -12.903662, "relative_strength_direction": "Weakening", "price_momentum": -0.029987, "excess_performance": -0.155612, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.018035, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.004523, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.015127, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.039204, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.129037, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.02771, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.029987, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.758116, "read": "Supply-led" } ], "volume": { "latest": 864377, "relative_activity": 1.404508, "balance": 0.758116, "dry_up": 1.153749, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.010927, "annualized_volatility": 0.055306, "from_high_reference": -0.052708, "from_low_reference": 0.005926 }, "levels": { "trend_reference": 13.829419, "fair_value_reference": 13.37763, "structural_low": 13.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": 0.002837, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.008737, "regime_survival": 0.666667, "best_return": 0.096574, "worst_return": -0.061031, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.005064, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.034251, "regime_survival": 0.375, "best_return": 0.142101, "worst_return": -0.086802, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.000356, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.057432, "regime_survival": 0.6, "best_return": 0.091765, "worst_return": -0.140908, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.02124, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.167527, "regime_survival": 0.666667, "best_return": 0.089292, "worst_return": -0.148368, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": 0.033738, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.010907, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": -0.03729, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.022641, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.014833, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.000699, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.037485, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-31", "tenure": "Developing", "return": 0.012462, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2026-01-23", "tenure": "Developing", "return": 0.013099, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.013052, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.008273, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.009266, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": -0.01397, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.004779, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.78574, "volume": 1178430, "typical_volume": 1300930.5, "trend": 12.138481, "fair_value": 13.170608, "relative_strength": -10.430203, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.087672, "energy": 20.09801, "activity_lines": [ 11.969406, 11.986063, 11.980666, 12.007202 ] }, { "date": "2023-08-25", "close": 11.877024, "volume": 1217828, "typical_volume": 1325339.4, "trend": 12.098999, "fair_value": 13.159479, "relative_strength": -10.188401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.899889, "energy": 29.46908, "activity_lines": [ 11.926974, 11.966437, 11.97006, 11.990334 ] }, { "date": "2023-09-01", "close": 12.020425, "volume": 982348, "typical_volume": 1325228.05, "trend": 12.063753, "fair_value": 13.149778, "relative_strength": -11.062719, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.465678, "energy": 19.983486, "activity_lines": [ 11.942035, 11.974769, 11.973951, 11.985264 ] }, { "date": "2023-09-08", "close": 11.986684, "volume": 615449, "typical_volume": 1304898.05, "trend": 12.035536, "fair_value": 13.139908, "relative_strength": -9.957633, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.440488, "energy": 23.877475, "activity_lines": [ 11.950909, 11.975028, 11.975256, 11.980292 ] }, { "date": "2023-09-15", "close": 12.028861, "volume": 731095, "typical_volume": 1230397.3, "trend": 12.009812, "fair_value": 13.130169, "relative_strength": -9.227825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.221571, "energy": 4.843516, "activity_lines": [ 11.979474, 11.982997, 11.98215, 11.979861 ] }, { "date": "2023-09-22", "close": 12.002999, "volume": 917450, "typical_volume": 1152270.35, "trend": 11.985871, "fair_value": 13.120508, "relative_strength": -6.388616, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.513657, "energy": 6.532947, "activity_lines": [ 12.000558, 11.984171, 11.987801, 11.979422 ] }, { "date": "2023-09-29", "close": 11.918232, "volume": 2449661, "typical_volume": 1077913.35, "trend": 11.95965, "fair_value": 13.109143, "relative_strength": -6.025814, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.882201, "energy": 10.042164, "activity_lines": [ 11.978902, 11.970439, 11.983333, 11.975058 ] }, { "date": "2023-10-06", "close": 11.426584, "volume": 2352570, "typical_volume": 1146869.95, "trend": 11.938612, "fair_value": 13.094254, "relative_strength": -9.942891, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -44.954455, "energy": 48.548515, "activity_lines": [ 11.790617, 11.86921, 11.930281, 11.940667 ] }, { "date": "2023-10-13", "close": 11.3842, "volume": 3150406, "typical_volume": 1261453.6, "trend": 11.93309, "fair_value": 13.079326, "relative_strength": -10.296964, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.722999, "energy": 75.90899, "activity_lines": [ 11.627793, 11.772453, 11.87472, 11.904898 ] }, { "date": "2023-10-20", "close": 11.223143, "volume": 1435959, "typical_volume": 1285893.65, "trend": 11.919685, "fair_value": 13.063194, "relative_strength": -9.146198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.939103, "energy": 85.17881, "activity_lines": [ 11.451449, 11.658902, 11.806225, 11.859095 ] }, { "date": "2023-10-27", "close": 11.243228, "volume": 1524350, "typical_volume": 1291651.35, "trend": 11.895972, "fair_value": 13.048731, "relative_strength": -6.465078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.338975, "energy": 86.315055, "activity_lines": [ 11.335514, 11.563964, 11.744597, 11.815453 ] }, { "date": "2023-11-03", "close": 11.98482, "volume": 1579509, "typical_volume": 1258515.4, "trend": 11.893686, "fair_value": 13.038181, "relative_strength": -5.61229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.520062, "energy": 56.575945, "activity_lines": [ 11.517428, 11.613724, 11.757622, 11.821185 ] }, { "date": "2023-11-10", "close": 11.814339, "volume": 1597977, "typical_volume": 1307316.2, "trend": 11.882424, "fair_value": 13.025466, "relative_strength": -7.950875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.984615, "energy": 28.780521, "activity_lines": [ 11.638076, 11.630528, 11.754392, 11.816066 ] }, { "date": "2023-11-17", "close": 12.121205, "volume": 1203820, "typical_volume": 1312077.7, "trend": 11.875902, "fair_value": 13.013925, "relative_strength": -7.43033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.219146, "energy": 14.971946, "activity_lines": [ 11.835163, 11.706873, 11.78086, 11.831471 ] }, { "date": "2023-11-24", "close": 12.015019, "volume": 789490, "typical_volume": 1321997.8, "trend": 11.866905, "fair_value": 13.001764, "relative_strength": -8.877985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 7.871739, "energy": 25.336362, "activity_lines": [ 11.94772, 11.761465, 11.796586, 11.840446 ] }, { "date": "2023-12-01", "close": 12.487038, "volume": 1569342, "typical_volume": 1356507.85, "trend": 11.897356, "fair_value": 12.99244, "relative_strength": -5.839503, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.445572, "energy": 41.157362, "activity_lines": [ 12.164825, 11.902131, 11.856784, 11.880455 ] }, { "date": "2023-12-08", "close": 12.341141, "volume": 1726392, "typical_volume": 1411903.55, "trend": 11.923772, "fair_value": 12.981901, "relative_strength": -6.889406, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.257202, "energy": 54.338461, "activity_lines": [ 12.250378, 12.007469, 11.900915, 11.909086 ] }, { "date": "2023-12-15", "close": 12.667263, "volume": 1584811, "typical_volume": 1448115.75, "trend": 11.954441, "fair_value": 12.972796, "relative_strength": -6.336959, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.495536, "energy": 77.639346, "activity_lines": [ 12.420882, 12.164413, 11.974587, 11.957053 ] }, { "date": "2023-12-22", "close": 12.671122, "volume": 1780043, "typical_volume": 1463776.3, "trend": 11.980504, "fair_value": 12.963961, "relative_strength": -6.859265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.384017, "energy": 79.729476, "activity_lines": [ 12.535812, 12.299501, 12.045908, 12.003291 ] }, { "date": "2023-12-29", "close": 12.593385, "volume": 1631949, "typical_volume": 1500943.95, "trend": 11.991505, "fair_value": 12.954346, "relative_strength": -7.47297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.648563, "energy": 73.729882, "activity_lines": [ 12.588168, 12.397056, 12.106968, 12.042831 ] }, { "date": "2024-01-05", "close": 12.602023, "volume": 817930, "typical_volume": 1482918.95, "trend": 12.008613, "fair_value": 12.946667, "relative_strength": -5.597486, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.349203, "energy": 73.481909, "activity_lines": [ 12.604846, 12.471268, 12.166244, 12.08222 ] }, { "date": "2024-01-12", "close": 12.835233, "volume": 1396232, "typical_volume": 1491839.15, "trend": 12.037098, "fair_value": 12.940059, "relative_strength": -5.280776, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.115248, "energy": 74.79602, "activity_lines": [ 12.691595, 12.563177, 12.243844, 12.13555 ] }, { "date": "2024-01-19", "close": 12.817959, "volume": 1278028, "typical_volume": 1506623.15, "trend": 12.067237, "fair_value": 12.93284, "relative_strength": -6.126295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.755398, "energy": 70.052532, "activity_lines": [ 12.739646, 12.636482, 12.315236, 12.185928 ] }, { "date": "2024-01-26", "close": 13.102597, "volume": 1023167, "typical_volume": 1527009.05, "trend": 12.104357, "fair_value": 12.928154, "relative_strength": -4.645903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.393134, "energy": 80.32494, "activity_lines": [ 12.87253, 12.743293, 12.409938, 12.252725 ] }, { "date": "2024-02-02", "close": 13.189427, "volume": 1808898, "typical_volume": 1580899.2, "trend": 12.146878, "fair_value": 12.923789, "relative_strength": -5.003781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.0586, "energy": 90.55974, "activity_lines": [ 13.005593, 12.848047, 12.507596, 12.32273 ] }, { "date": "2024-02-09", "close": 13.137329, "volume": 614681, "typical_volume": 1565760.75, "trend": 12.183763, "fair_value": 12.919562, "relative_strength": -6.305219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.257495, "energy": 87.063869, "activity_lines": [ 13.081553, 12.921977, 12.594765, 12.38663 ] }, { "date": "2024-02-16", "close": 13.050499, "volume": 669522, "typical_volume": 1476753.8, "trend": 12.218032, "fair_value": 12.915439, "relative_strength": -6.23668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.332746, "energy": 84.843733, "activity_lines": [ 13.092883, 12.968295, 12.668264, 12.442549 ] }, { "date": "2024-02-23", "close": 13.24108, "volume": 1076852, "typical_volume": 1412967.9, "trend": 12.256191, "fair_value": 12.913086, "relative_strength": -6.007271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.971482, "energy": 84.786918, "activity_lines": [ 13.153389, 13.036367, 12.754521, 12.508552 ] }, { "date": "2024-03-01", "close": 13.206189, "volume": 839099, "typical_volume": 1297402.55, "trend": 12.294025, "fair_value": 12.909466, "relative_strength": -6.770541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.982377, "energy": 70.324278, "activity_lines": [ 13.174056, 13.087662, 12.828815, 12.569842 ] }, { "date": "2024-03-08", "close": 13.328307, "volume": 758232, "typical_volume": 1263516.2, "trend": 12.33677, "fair_value": 12.90606, "relative_strength": -5.326452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.291129, "energy": 67.58548, "activity_lines": [ 13.228524, 13.151432, 12.906063, 12.63657 ] }, { "date": "2024-03-15", "close": 13.223635, "volume": 951617, "typical_volume": 1234879.55, "trend": 12.3847, "fair_value": 12.901889, "relative_strength": -5.745832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.417709, "energy": 67.034207, "activity_lines": [ 13.238842, 13.182809, 12.963318, 12.693787 ] }, { "date": "2024-03-22", "close": 13.395883, "volume": 663211, "typical_volume": 1189064.65, "trend": 12.435328, "fair_value": 12.898087, "relative_strength": -6.334348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.309227, "energy": 67.862187, "activity_lines": [ 13.300822, 13.234201, 13.027547, 12.759024 ] }, { "date": "2024-03-29", "close": 13.360815, "volume": 623784, "typical_volume": 1140355.0, "trend": 12.480008, "fair_value": 12.893633, "relative_strength": -6.644584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.912136, "energy": 65.21436, "activity_lines": [ 13.328088, 13.269024, 13.081716, 12.818733 ] }, { "date": "2024-04-05", "close": 13.343282, "volume": 805431, "typical_volume": 1120435.55, "trend": 12.525228, "fair_value": 12.888542, "relative_strength": -5.6576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.346229, "energy": 60.879759, "activity_lines": [ 13.341526, 13.290788, 13.126852, 12.874428 ] }, { "date": "2024-04-12", "close": 12.869867, "volume": 751947, "typical_volume": 1118558.4, "trend": 12.553261, "fair_value": 12.880416, "relative_strength": -7.347758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.528495, "energy": 38.696812, "activity_lines": [ 13.188021, 13.222101, 13.121081, 12.896663 ] }, { "date": "2024-04-19", "close": 12.738363, "volume": 1014512, "typical_volume": 1090816.9, "trend": 12.577774, "fair_value": 12.871275, "relative_strength": -5.080471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.8366, "energy": 18.718658, "activity_lines": [ 13.021243, 13.135315, 13.098715, 12.908605 ] }, { "date": "2024-04-26", "close": 12.852622, "volume": 1105291, "typical_volume": 1059761.85, "trend": 12.60892, "fair_value": 12.863152, "relative_strength": -6.38671, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.809855, "energy": 20.978956, "activity_lines": [ 12.924903, 13.076557, 13.086035, 12.926337 ] }, { "date": "2024-05-03", "close": 13.099618, "volume": 935252, "typical_volume": 1027283.9, "trend": 12.664688, "fair_value": 12.856326, "relative_strength": -4.961243, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.887915, "energy": 23.692565, "activity_lines": [ 12.947112, 13.066305, 13.094442, 12.957995 ] }, { "date": "2024-05-10", "close": 12.97612, "volume": 859078, "typical_volume": 981235.65, "trend": 12.717752, "fair_value": 12.849664, "relative_strength": -7.348543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.661742, "energy": 18.45845, "activity_lines": [ 12.945569, 13.03617, 13.089028, 12.978088 ] }, { "date": "2024-05-17", "close": 13.064333, "volume": 650575, "typical_volume": 932166.95, "trend": 12.779125, "fair_value": 12.842851, "relative_strength": -7.985897, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.243103, "energy": 9.005498, "activity_lines": [ 12.997907, 13.026258, 13.090564, 13.000448 ] }, { "date": "2024-05-24", "close": 13.020101, "volume": 846308, "typical_volume": 933585.85, "trend": 12.838354, "fair_value": 12.835201, "relative_strength": -8.023525, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.094478, "energy": 14.923896, "activity_lines": [ 13.022537, 13.013103, 13.085644, 13.015995 ] }, { "date": "2024-05-31", "close": 13.108733, "volume": 664214, "typical_volume": 896984.95, "trend": 12.875818, "fair_value": 12.827399, "relative_strength": -6.750989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.629241, "energy": 16.677208, "activity_lines": [ 13.057928, 13.019764, 13.087174, 13.033438 ] }, { "date": "2024-06-07", "close": 13.117596, "volume": 592482, "typical_volume": 862707.65, "trend": 12.919259, "fair_value": 12.819414, "relative_strength": -7.583834, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.621969, "energy": 20.07546, "activity_lines": [ 13.0792, 13.033256, 13.088246, 13.049037 ] }, { "date": "2024-06-14", "close": 13.064417, "volume": 700234, "typical_volume": 846561.0, "trend": 12.9507, "fair_value": 12.8108, "relative_strength": -9.216609, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 31.094948, "energy": 16.569814, "activity_lines": [ 13.081547, 13.041502, 13.082827, 13.058402 ] }, { "date": "2024-06-21", "close": 13.135323, "volume": 616725, "typical_volume": 786952.35, "trend": 12.988043, "fair_value": 12.802667, "relative_strength": -9.059336, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.393561, "energy": 19.783714, "activity_lines": [ 13.101643, 13.067711, 13.084343, 13.070313 ] }, { "date": "2024-06-28", "close": 13.120064, "volume": 645728, "typical_volume": 788504.7, "trend": 13.009144, "fair_value": 12.793715, "relative_strength": -8.897402, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.741475, "energy": 22.088921, "activity_lines": [ 13.111919, 13.086318, 13.084662, 13.078831 ] }, { "date": "2024-07-05", "close": 13.235855, "volume": 602997, "typical_volume": 785178.45, "trend": 13.038968, "fair_value": 12.785408, "relative_strength": -9.577905, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.408841, "energy": 29.523892, "activity_lines": [ 13.154129, 13.119039, 13.096092, 13.093457 ] }, { "date": "2024-07-12", "close": 13.440717, "volume": 766955, "typical_volume": 769683.6, "trend": 13.06475, "fair_value": 12.779185, "relative_strength": -8.846198, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.836377, "energy": 56.613217, "activity_lines": [ 13.256151, 13.182039, 13.12615, 13.119376 ] }, { "date": "2024-07-19", "close": 13.387275, "volume": 507858, "typical_volume": 753121.55, "trend": 13.088622, "fair_value": 12.773037, "relative_strength": -7.214884, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.899051, "energy": 62.847744, "activity_lines": [ 13.318817, 13.229121, 13.150167, 13.140185 ] }, { "date": "2024-07-26", "close": 13.313156, "volume": 827590, "typical_volume": 756589.45, "trend": 13.112614, "fair_value": 12.765883, "relative_strength": -6.794253, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.294855, "energy": 61.410237, "activity_lines": [ 13.335254, 13.255251, 13.166264, 13.154671 ] }, { "date": "2024-08-02", "close": 13.411639, "volume": 1049408, "typical_volume": 761479.0, "trend": 13.139601, "fair_value": 12.758974, "relative_strength": -3.91447, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.221294, "energy": 65.824015, "activity_lines": [ 13.372662, 13.294762, 13.191811, 13.173963 ] }, { "date": "2024-08-09", "close": 13.331062, "volume": 898472, "typical_volume": 773242.05, "trend": 13.156129, "fair_value": 12.751934, "relative_strength": -4.339426, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.791208, "energy": 48.904663, "activity_lines": [ 13.363773, 13.312505, 13.20879, 13.186315 ] }, { "date": "2024-08-16", "close": 13.545935, "volume": 654993, "typical_volume": 774802.5, "trend": 13.180395, "fair_value": 12.746562, "relative_strength": -6.333435, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.239708, "energy": 50.657642, "activity_lines": [ 13.420162, 13.365273, 13.246541, 13.211464 ] }, { "date": "2024-08-23", "close": 13.708711, "volume": 779969, "typical_volume": 773529.4, "trend": 13.200598, "fair_value": 12.742077, "relative_strength": -6.320269, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.994108, "energy": 70.946335, "activity_lines": [ 13.523794, 13.439849, 13.298913, 13.245549 ] }, { "date": "2024-08-30", "close": 13.699715, "volume": 753473, "typical_volume": 773605.7, "trend": 13.217608, "fair_value": 12.737243, "relative_strength": -6.451742, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.004105, "energy": 76.538678, "activity_lines": [ 13.602999, 13.501075, 13.348688, 13.27775 ] }, { "date": "2024-09-06", "close": 13.870624, "volume": 741282, "typical_volume": 759944.2, "trend": 13.242051, "fair_value": 12.733602, "relative_strength": -1.078932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.92255, "energy": 85.80458, "activity_lines": [ 13.713403, 13.583113, 13.410789, 13.31988 ] }, { "date": "2024-09-13", "close": 14.08651, "volume": 897844, "typical_volume": 749571.85, "trend": 13.276585, "fair_value": 12.730811, "relative_strength": -3.240801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.492686, "energy": 93.350171, "activity_lines": [ 13.86517, 13.690757, 13.488058, 13.374361 ] }, { "date": "2024-09-20", "close": 14.2934, "volume": 886929, "typical_volume": 747155.7, "trend": 13.311662, "fair_value": 12.729921, "relative_strength": -2.971735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.94295, "energy": 95.462774, "activity_lines": [ 14.035537, 13.820551, 13.579156, 13.439962 ] }, { "date": "2024-09-27", "close": 14.305323, "volume": 780882, "typical_volume": 743245.9, "trend": 13.3483, "fair_value": 12.729351, "relative_strength": -3.206347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.818207, "energy": 93.417832, "activity_lines": [ 14.160047, 13.937009, 13.665704, 13.504069 ] }, { "date": "2024-10-04", "close": 14.196881, "volume": 984837, "typical_volume": 759959.0, "trend": 13.377252, "fair_value": 12.729255, "relative_strength": -4.037303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.181174, "energy": 87.828558, "activity_lines": [ 14.208636, 14.017059, 13.735595, 13.558816 ] }, { "date": "2024-10-11", "close": 14.192362, "volume": 699597, "typical_volume": 752623.45, "trend": 13.409543, "fair_value": 12.727912, "relative_strength": -5.000848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.68899, "energy": 85.380927, "activity_lines": [ 14.222574, 14.080219, 13.799663, 13.611404 ] }, { "date": "2024-10-18", "close": 14.296286, "volume": 686257, "typical_volume": 753725.6, "trend": 13.439557, "fair_value": 12.72728, "relative_strength": -4.944322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.083261, "energy": 68.762822, "activity_lines": [ 14.249704, 14.14808, 13.868046, 13.668613 ] }, { "date": "2024-10-25", "close": 14.022171, "volume": 941626, "typical_volume": 771182.8, "trend": 13.461602, "fair_value": 12.724696, "relative_strength": -5.624113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.16824, "energy": 58.129734, "activity_lines": [ 14.171478, 14.148552, 13.904668, 13.706201 ] }, { "date": "2024-11-01", "close": 13.831331, "volume": 845059, "typical_volume": 778424.05, "trend": 13.47787, "fair_value": 12.720204, "relative_strength": -5.340228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.560105, "energy": 40.087028, "activity_lines": [ 14.04772, 14.105667, 13.918807, 13.730055 ] }, { "date": "2024-11-08", "close": 14.167572, "volume": 1201872, "typical_volume": 807681.4, "trend": 13.521127, "fair_value": 12.719481, "relative_strength": -7.196161, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.062354, "energy": 38.204909, "activity_lines": [ 14.067642, 14.121687, 13.961317, 13.774552 ] }, { "date": "2024-11-15", "close": 13.794981, "volume": 885249, "typical_volume": 819657.45, "trend": 13.556348, "fair_value": 12.716907, "relative_strength": -7.459504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.233854, "energy": 27.741306, "activity_lines": [ 13.965321, 14.061457, 13.963426, 13.79222 ] }, { "date": "2024-11-22", "close": 13.81442, "volume": 1307856, "typical_volume": 854900.4, "trend": 13.588408, "fair_value": 12.71563, "relative_strength": -8.602775, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.612426, "energy": 25.963843, "activity_lines": [ 13.895972, 14.006137, 13.964173, 13.808869 ] }, { "date": "2024-11-29", "close": 13.933117, "volume": 1718677, "typical_volume": 902486.5, "trend": 13.616191, "fair_value": 12.714279, "relative_strength": -8.586685, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.102469, "energy": 18.854976, "activity_lines": [ 13.898312, 13.977345, 13.97347, 13.831109 ] }, { "date": "2024-12-06", "close": 13.777899, "volume": 1209783, "typical_volume": 937582.75, "trend": 13.642917, "fair_value": 12.711639, "relative_strength": -10.078851, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.421308, "energy": 16.208124, "activity_lines": [ 13.85485, 13.926882, 13.965639, 13.841541 ] }, { "date": "2024-12-13", "close": 13.567897, "volume": 1216342, "typical_volume": 957020.35, "trend": 13.659702, "fair_value": 12.707162, "relative_strength": -10.595141, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.184452, "energy": 21.712436, "activity_lines": [ 13.74495, 13.847826, 13.935948, 13.836701 ] }, { "date": "2024-12-20", "close": 13.467462, "volume": 1900229, "typical_volume": 999561.4, "trend": 13.674614, "fair_value": 12.701444, "relative_strength": -9.29844, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.916091, "energy": 41.259642, "activity_lines": [ 13.64155, 13.761946, 13.895478, 13.824299 ] }, { "date": "2024-12-27", "close": 13.212415, "volume": 1315652, "typical_volume": 1020420.4, "trend": 13.678071, "fair_value": 12.693401, "relative_strength": -11.278951, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.172884, "energy": 65.811673, "activity_lines": [ 13.474969, 13.642874, 13.830453, 13.79448 ] }, { "date": "2025-01-03", "close": 13.735406, "volume": 1912862, "typical_volume": 1083313.85, "trend": 13.698664, "fair_value": 12.69009, "relative_strength": -6.999207, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.93659, "energy": 49.37919, "activity_lines": [ 13.522851, 13.638597, 13.815801, 13.798179 ] }, { "date": "2025-01-10", "close": 13.194064, "volume": 1158068, "typical_volume": 1102218.8, "trend": 13.702986, "fair_value": 12.683063, "relative_strength": -8.580853, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.472349, "energy": 57.028522, "activity_lines": [ 13.403467, 13.541109, 13.74869, 13.765624 ] }, { "date": "2025-01-17", "close": 13.524375, "volume": 1179635, "typical_volume": 1123526.9, "trend": 13.715954, "fair_value": 12.67909, "relative_strength": -8.66989, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.358873, "energy": 32.766023, "activity_lines": [ 13.433109, 13.515264, 13.715489, 13.7541 ] }, { "date": "2025-01-24", "close": 13.658174, "volume": 1081693, "typical_volume": 1140547.45, "trend": 13.733891, "fair_value": 12.678785, "relative_strength": -9.006357, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.990837, "energy": 20.824351, "activity_lines": [ 13.510253, 13.52544, 13.695865, 13.750373 ] }, { "date": "2025-01-31", "close": 13.538204, "volume": 1347331, "typical_volume": 1163021.8, "trend": 13.743969, "fair_value": 12.679244, "relative_strength": -8.561505, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.177731, "energy": 27.083726, "activity_lines": [ 13.534692, 13.516291, 13.665827, 13.737748 ] }, { "date": "2025-02-07", "close": 13.538204, "volume": 967767, "typical_volume": 1167063.7, "trend": 13.747219, "fair_value": 12.682029, "relative_strength": -8.113458, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -36.42692, "energy": 19.411981, "activity_lines": [ 13.537411, 13.512164, 13.6384, 13.724473 ] }, { "date": "2025-02-14", "close": 13.68586, "volume": 1125717, "typical_volume": 1184305.45, "trend": 13.757172, "fair_value": 12.685167, "relative_strength": -8.182744, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -32.874335, "energy": 18.084086, "activity_lines": [ 13.602497, 13.542064, 13.628632, 13.720514 ] }, { "date": "2025-02-21", "close": 13.612032, "volume": 658413, "typical_volume": 1167984.25, "trend": 13.767134, "fair_value": 12.687396, "relative_strength": -6.920171, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.121271, "energy": 15.42118, "activity_lines": [ 13.610186, 13.560215, 13.614782, 13.71115 ] }, { "date": "2025-02-28", "close": 13.750995, "volume": 821558, "typical_volume": 1174082.3, "trend": 13.778446, "fair_value": 12.690815, "relative_strength": -4.837845, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.793471, "energy": 14.365807, "activity_lines": [ 13.658353, 13.602828, 13.616952, 13.710109 ] }, { "date": "2025-03-07", "close": 13.53773, "volume": 2254084, "typical_volume": 1252473.65, "trend": 13.785335, "fair_value": 12.694531, "relative_strength": -3.123183, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.468784, "energy": 13.670301, "activity_lines": [ 13.629243, 13.601511, 13.600912, 13.694579 ] }, { "date": "2025-03-14", "close": 13.556275, "volume": 1066703, "typical_volume": 1258727.5, "trend": 13.78568, "fair_value": 12.697421, "relative_strength": -0.565168, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.19952, "energy": 11.540655, "activity_lines": [ 13.606347, 13.597652, 13.590251, 13.679801 ] }, { "date": "2025-03-21", "close": 13.621182, "volume": 668738, "typical_volume": 1249911.45, "trend": 13.782762, "fair_value": 12.702613, "relative_strength": -0.447383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.05519, "energy": 13.692459, "activity_lines": [ 13.603881, 13.60885, 13.587991, 13.669188 ] }, { "date": "2025-03-28", "close": 13.374545, "volume": 890593, "typical_volume": 1234347.5, "trend": 13.771923, "fair_value": 12.704079, "relative_strength": -0.644763, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.489266, "energy": 30.539967, "activity_lines": [ 13.523516, 13.567439, 13.563241, 13.642851 ] }, { "date": "2025-04-04", "close": 13.104446, "volume": 1290434, "typical_volume": 1254606.75, "trend": 13.746384, "fair_value": 12.706407, "relative_strength": 7.06613, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.692024, "energy": 63.027433, "activity_lines": [ 13.368949, 13.479644, 13.516545, 13.599788 ] }, { "date": "2025-04-11", "close": 12.759837, "volume": 2926920, "typical_volume": 1335559.95, "trend": 13.702162, "fair_value": 12.707624, "relative_strength": -1.218524, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.95207, "energy": 83.079181, "activity_lines": [ 13.142616, 13.33926, 13.440316, 13.53614 ] }, { "date": "2025-04-18", "close": 12.992681, "volume": 1470734, "typical_volume": 1323162.8, "trend": 13.658804, "fair_value": 12.711681, "relative_strength": 2.134136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.186147, "energy": 82.966743, "activity_lines": [ 13.045758, 13.255364, 13.391285, 13.490367 ] }, { "date": "2025-04-25", "close": 13.208701, "volume": 809270, "typical_volume": 1303137.15, "trend": 13.62225, "fair_value": 12.718375, "relative_strength": -0.608541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.868077, "energy": 76.80828, "activity_lines": [ 13.058478, 13.220663, 13.367306, 13.461328 ] }, { "date": "2025-05-02", "close": 13.180617, "volume": 748235, "typical_volume": 1279731.8, "trend": 13.588375, "fair_value": 12.726893, "relative_strength": -3.433813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.47195, "energy": 68.333518, "activity_lines": [ 13.089337, 13.189531, 13.343362, 13.432836 ] }, { "date": "2025-05-09", "close": 13.152533, "volume": 449750, "typical_volume": 1207207.85, "trend": 13.553714, "fair_value": 12.73443, "relative_strength": -3.077445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.052395, "energy": 41.75432, "activity_lines": [ 13.123762, 13.161137, 13.318588, 13.404717 ] }, { "date": "2025-05-16", "close": 13.180617, "volume": 642420, "typical_volume": 1173546.25, "trend": 13.516525, "fair_value": 12.742548, "relative_strength": -7.543978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.753643, "energy": 28.87662, "activity_lines": [ 13.164343, 13.14873, 13.297989, 13.380646 ] }, { "date": "2025-05-23", "close": 13.048729, "volume": 835830, "typical_volume": 1119694.65, "trend": 13.484077, "fair_value": 12.744173, "relative_strength": -5.905172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.283231, "energy": 31.790876, "activity_lines": [ 13.13291, 13.118836, 13.26498, 13.350466 ] }, { "date": "2025-05-30", "close": 13.114585, "volume": 705313, "typical_volume": 1097056.9, "trend": 13.460185, "fair_value": 12.74743, "relative_strength": -6.861246, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.555107, "energy": 29.338708, "activity_lines": [ 13.119692, 13.110145, 13.241512, 13.326628 ] }, { "date": "2025-06-06", "close": 13.189848, "volume": 791956, "typical_volume": 1077672.95, "trend": 13.427594, "fair_value": 12.753837, "relative_strength": -7.638364, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.548546, "energy": 26.220874, "activity_lines": [ 13.137836, 13.124348, 13.225592, 13.309186 ] }, { "date": "2025-06-13", "close": 13.161624, "volume": 868702, "typical_volume": 1067023.4, "trend": 13.406482, "fair_value": 12.762279, "relative_strength": -7.331522, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.194486, "energy": 24.69431, "activity_lines": [ 13.145956, 13.136778, 13.208576, 13.292027 ] }, { "date": "2025-06-20", "close": 13.265111, "volume": 426426, "typical_volume": 1020978.15, "trend": 13.388172, "fair_value": 12.769052, "relative_strength": -6.29392, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.089431, "energy": 16.225183, "activity_lines": [ 13.187966, 13.166984, 13.203781, 13.282906 ] }, { "date": "2025-06-27", "close": 13.30912, "volume": 667666, "typical_volume": 1005973.1, "trend": 13.367372, "fair_value": 12.775197, "relative_strength": -8.934098, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -23.979136, "energy": 14.812039, "activity_lines": [ 13.239013, 13.196005, 13.204477, 13.277806 ] }, { "date": "2025-07-04", "close": 13.536141, "volume": 474830, "typical_volume": 973428.75, "trend": 13.359314, "fair_value": 12.782241, "relative_strength": -8.739869, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 9.45794, "energy": 17.473577, "activity_lines": [ 13.348374, 13.260549, 13.227885, 13.288695 ] }, { "date": "2025-07-11", "close": 13.526682, "volume": 721527, "typical_volume": 976584.45, "trend": 13.35794, "fair_value": 12.788618, "relative_strength": -8.35824, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.405129, "energy": 41.211266, "activity_lines": [ 13.426479, 13.31742, 13.251106, 13.299492 ] }, { "date": "2025-07-18", "close": 13.43209, "volume": 515120, "typical_volume": 961262.55, "trend": 13.356761, "fair_value": 12.792803, "relative_strength": -9.331285, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.975963, "energy": 44.567634, "activity_lines": [ 13.450597, 13.3508, 13.265724, 13.304276 ] }, { "date": "2025-07-25", "close": 13.48683, "volume": 703917, "typical_volume": 883754.2, "trend": 13.365908, "fair_value": 12.796069, "relative_strength": -10.059266, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.679388, "energy": 51.370406, "activity_lines": [ 13.474931, 13.38905, 13.287074, 13.312668 ] }, { "date": "2025-08-01", "close": 13.57243, "volume": 604055, "typical_volume": 860621.8, "trend": 13.360475, "fair_value": 12.798512, "relative_strength": -6.971965, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.820136, "energy": 50.862526, "activity_lines": [ 13.513016, 13.437296, 13.316819, 13.325992 ] }, { "date": "2025-08-08", "close": 13.600964, "volume": 437087, "typical_volume": 849039.25, "trend": 13.374039, "fair_value": 12.801341, "relative_strength": -8.740858, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.407754, "energy": 45.100317, "activity_lines": [ 13.543059, 13.481209, 13.349204, 13.341507 ] }, { "date": "2025-08-15", "close": 13.686564, "volume": 661060, "typical_volume": 837562.6, "trend": 13.379445, "fair_value": 12.807106, "relative_strength": -8.799745, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.531215, "energy": 54.411108, "activity_lines": [ 13.597314, 13.531842, 13.389838, 13.36167 ] }, { "date": "2025-08-22", "close": 13.935591, "volume": 473571, "typical_volume": 796719.45, "trend": 13.388692, "fair_value": 12.81584, "relative_strength": -7.172569, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.483253, "energy": 83.600983, "activity_lines": [ 13.72392, 13.618721, 13.452703, 13.397551 ] }, { "date": "2025-08-29", "close": 13.801778, "volume": 671887, "typical_volume": 683967.8, "trend": 13.397478, "fair_value": 12.825298, "relative_strength": -7.782197, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.552885, "energy": 79.383541, "activity_lines": [ 13.772354, 13.667198, 13.498866, 13.424201 ] }, { "date": "2025-09-05", "close": 14.059845, "volume": 370577, "typical_volume": 628959.95, "trend": 13.414866, "fair_value": 12.836411, "relative_strength": -6.043597, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.960454, "energy": 89.901012, "activity_lines": [ 13.885813, 13.752839, 13.564646, 13.466935 ] }, { "date": "2025-09-12", "close": 14.174541, "volume": 663416, "typical_volume": 621667.25, "trend": 13.431155, "fair_value": 12.84882, "relative_strength": -6.445623, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.32985, "energy": 93.247059, "activity_lines": [ 14.005011, 13.845685, 13.636267, 13.515946 ] }, { "date": "2025-09-19", "close": 14.222331, "volume": 873614, "typical_volume": 627936.2, "trend": 13.451499, "fair_value": 12.863325, "relative_strength": -6.963719, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.011215, "energy": 91.096772, "activity_lines": [ 14.1019, 13.935612, 13.70784, 13.56699 ] }, { "date": "2025-09-26", "close": 14.11329, "volume": 582131, "typical_volume": 634555.25, "trend": 13.463575, "fair_value": 12.876669, "relative_strength": -7.103688, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.520698, "energy": 85.090722, "activity_lines": [ 14.126724, 13.993065, 13.764068, 13.609686 ] }, { "date": "2025-10-03", "close": 14.180542, "volume": 460060, "typical_volume": 625437.25, "trend": 13.485002, "fair_value": 12.891317, "relative_strength": -7.390166, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.49563, "energy": 81.783392, "activity_lines": [ 14.162119, 14.050361, 13.822126, 13.655942 ] }, { "date": "2025-10-10", "close": 13.930749, "volume": 491261, "typical_volume": 608208.8, "trend": 13.497485, "fair_value": 12.906106, "relative_strength": -6.494711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.712839, "energy": 58.231465, "activity_lines": [ 14.088999, 14.049626, 13.851632, 13.684699 ] }, { "date": "2025-10-17", "close": 13.998001, "volume": 584179, "typical_volume": 602152.1, "trend": 13.510045, "fair_value": 12.922763, "relative_strength": -7.36369, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.222093, "energy": 45.459302, "activity_lines": [ 14.046903, 14.054605, 13.883343, 13.716991 ] }, { "date": "2025-10-24", "close": 14.099398, "volume": 675700, "typical_volume": 596339.3, "trend": 13.534207, "fair_value": 12.938367, "relative_strength": -8.177878, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.968429, "energy": 42.555693, "activity_lines": [ 14.050374, 14.0708, 13.920505, 13.755014 ] }, { "date": "2025-10-31", "close": 13.973769, "volume": 516806, "typical_volume": 578744.5, "trend": 13.563185, "fair_value": 12.955175, "relative_strength": -9.328108, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.789698, "energy": 30.610853, "activity_lines": [ 14.020165, 14.056648, 13.94137, 13.783372 ] }, { "date": "2025-11-07", "close": 13.944778, "volume": 498370, "typical_volume": 582341.7, "trend": 13.602683, "fair_value": 12.966592, "relative_strength": -7.770446, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.290748, "energy": 28.645782, "activity_lines": [ 13.989594, 14.03653, 13.955607, 13.807991 ] }, { "date": "2025-11-14", "close": 13.819149, "volume": 468680, "typical_volume": 572392.4, "trend": 13.630232, "fair_value": 12.977256, "relative_strength": -8.476535, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.571296, "energy": 18.510075, "activity_lines": [ 13.932864, 13.990971, 13.954643, 13.821957 ] }, { "date": "2025-11-21", "close": 13.645202, "volume": 783018, "typical_volume": 587801.8, "trend": 13.644782, "fair_value": 12.986277, "relative_strength": -7.640403, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.510897, "energy": 16.97416, "activity_lines": [ 13.825592, 13.918162, 13.934684, 13.822923 ] }, { "date": "2025-11-28", "close": 13.791183, "volume": 458192, "typical_volume": 574635.05, "trend": 13.665134, "fair_value": 12.994887, "relative_strength": -9.730184, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.278847, "energy": 20.165028, "activity_lines": [ 13.7905, 13.881518, 13.928108, 13.832368 ] }, { "date": "2025-12-05", "close": 13.694062, "volume": 1018887, "typical_volume": 599823.4, "trend": 13.683185, "fair_value": 13.005205, "relative_strength": -10.437623, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.557239, "energy": 25.371634, "activity_lines": [ 13.743582, 13.835056, 13.911024, 13.834234 ] }, { "date": "2025-12-12", "close": 13.771759, "volume": 987254, "typical_volume": 613990.25, "trend": 13.70289, "fair_value": 13.015348, "relative_strength": -9.212385, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.667854, "energy": 22.835842, "activity_lines": [ 13.74121, 13.810342, 13.900091, 13.839949 ] }, { "date": "2025-12-19", "close": 13.849455, "volume": 3122384, "typical_volume": 739906.7, "trend": 13.72958, "fair_value": 13.027641, "relative_strength": -8.597696, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.621762, "energy": 18.249245, "activity_lines": [ 13.776271, 13.807188, 13.895202, 13.849405 ] }, { "date": "2025-12-26", "close": 13.797887, "volume": 954932, "typical_volume": 765798.95, "trend": 13.752357, "fair_value": 13.041164, "relative_strength": -10.027703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.377555, "energy": 11.114155, "activity_lines": [ 13.792123, 13.796135, 13.884082, 13.853812 ] }, { "date": "2026-01-02", "close": 13.94919, "volume": 1217004, "typical_volume": 793596.15, "trend": 13.777669, "fair_value": 13.051078, "relative_strength": -7.846597, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.809508, "energy": 18.832148, "activity_lines": [ 13.84823, 13.816231, 13.886434, 13.86651 ] }, { "date": "2026-01-09", "close": 13.939429, "volume": 2492758, "typical_volume": 894555.5, "trend": 13.803595, "fair_value": 13.059421, "relative_strength": -9.127639, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.451189, "energy": 24.488351, "activity_lines": [ 13.890549, 13.837283, 13.886605, 13.876947 ] }, { "date": "2026-01-16", "close": 14.056567, "volume": 878530, "typical_volume": 904887.65, "trend": 13.829977, "fair_value": 13.067006, "relative_strength": -7.838299, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.035133, "energy": 33.885617, "activity_lines": [ 13.955557, 13.880257, 13.897915, 13.893267 ] }, { "date": "2026-01-23", "close": 14.127439, "volume": 540276, "typical_volume": 913372.6, "trend": 13.857255, "fair_value": 13.073839, "relative_strength": -6.865867, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.260382, "energy": 50.782062, "activity_lines": [ 14.025201, 13.934084, 13.914761, 13.912458 ] }, { "date": "2026-01-30", "close": 14.048899, "volume": 627383, "typical_volume": 911570.95, "trend": 13.874346, "fair_value": 13.080064, "relative_strength": -7.551968, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.199203, "energy": 52.657776, "activity_lines": [ 14.050133, 13.968027, 13.923805, 13.924823 ] }, { "date": "2026-02-06", "close": 13.999811, "volume": 625230, "typical_volume": 899151.75, "trend": 13.890117, "fair_value": 13.087543, "relative_strength": -7.49018, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.120629, "energy": 49.301367, "activity_lines": [ 14.041969, 13.985704, 13.928772, 13.932917 ] }, { "date": "2026-02-13", "close": 14.137256, "volume": 565183, "typical_volume": 898304.35, "trend": 13.913623, "fair_value": 13.096111, "relative_strength": -5.202382, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.575174, "energy": 54.778735, "activity_lines": [ 14.076244, 14.024577, 13.947889, 13.948861 ] }, { "date": "2026-02-20", "close": 14.215797, "volume": 554716, "typical_volume": 903037.15, "trend": 13.937922, "fair_value": 13.105692, "relative_strength": -5.543704, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.872997, "energy": 62.653395, "activity_lines": [ 14.123512, 14.069673, 13.974372, 13.968357 ] }, { "date": "2026-02-27", "close": 14.112075, "volume": 856120, "typical_volume": 921280.1, "trend": 13.95591, "fair_value": 13.114712, "relative_strength": -5.526148, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.80404, "energy": 52.690731, "activity_lines": [ 14.12559, 14.087837, 13.990809, 13.979592 ] }, { "date": "2026-03-06", "close": 14.033181, "volume": 668700, "typical_volume": 925506.15, "trend": 13.970317, "fair_value": 13.127375, "relative_strength": -3.905693, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.542063, "energy": 43.651699, "activity_lines": [ 14.102395, 14.086882, 13.998869, 13.984577 ] }, { "date": "2026-03-13", "close": 13.865532, "volume": 538116, "typical_volume": 918626.95, "trend": 13.976283, "fair_value": 13.142219, "relative_strength": -3.313285, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.590356, "energy": 13.194503, "activity_lines": [ 14.024364, 14.051167, 13.990794, 13.977817 ] }, { "date": "2026-03-20", "close": 13.648575, "volume": 742335, "typical_volume": 929903.4, "trend": 13.966716, "fair_value": 13.155189, "relative_strength": -2.789946, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.851069, "energy": 30.65004, "activity_lines": [ 13.882966, 13.977527, 13.963171, 13.956675 ] }, { "date": "2026-03-27", "close": 13.621802, "volume": 769740, "typical_volume": 943471.9, "trend": 13.960716, "fair_value": 13.165876, "relative_strength": -0.512054, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.142792, "energy": 51.20823, "activity_lines": [ 13.765223, 13.904306, 13.934546, 13.934422 ] }, { "date": "2026-04-03", "close": 13.761488, "volume": 496966, "typical_volume": 944886.2, "trend": 13.950771, "fair_value": 13.176825, "relative_strength": -2.367146, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.088297, "energy": 62.485081, "activity_lines": [ 13.733641, 13.864388, 13.920763, 13.921569 ] }, { "date": "2026-04-10", "close": 13.899192, "volume": 503823, "typical_volume": 930926.45, "trend": 13.941593, "fair_value": 13.188024, "relative_strength": -4.502118, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.526709, "energy": 54.62017, "activity_lines": [ 13.771333, 13.856161, 13.920369, 13.918241 ] }, { "date": "2026-04-17", "close": 14.02798, "volume": 536237, "typical_volume": 934828.7, "trend": 13.935115, "fair_value": 13.198993, "relative_strength": -7.347797, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.862442, "energy": 20.218095, "activity_lines": [ 13.860887, 13.874072, 13.931031, 13.923814 ] }, { "date": "2026-04-24", "close": 13.949484, "volume": 502104, "typical_volume": 908989.55, "trend": 13.929654, "fair_value": 13.209663, "relative_strength": -7.964446, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.077615, "energy": 7.633952, "activity_lines": [ 13.913446, 13.877198, 13.933089, 13.924741 ] }, { "date": "2026-05-01", "close": 13.899983, "volume": 496329, "typical_volume": 884443.3, "trend": 13.920302, "fair_value": 13.224576, "relative_strength": -8.795084, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.095409, "energy": 15.380441, "activity_lines": [ 13.929444, 13.874739, 13.929217, 13.922827 ] }, { "date": "2026-05-08", "close": 13.959385, "volume": 549110, "typical_volume": 755779.6, "trend": 13.921257, "fair_value": 13.24003, "relative_strength": -10.13271, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.044098, "energy": 18.219667, "activity_lines": [ 13.946697, 13.888822, 13.930392, 13.925349 ] }, { "date": "2026-05-15", "close": 13.761379, "volume": 488461, "typical_volume": 732456.05, "trend": 13.91337, "fair_value": 13.252941, "relative_strength": -11.283784, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.238655, "energy": 7.48498, "activity_lines": [ 13.884755, 13.86968, 13.912185, 13.915034 ] }, { "date": "2026-05-22", "close": 13.684989, "volume": 771909, "typical_volume": 710201.3, "trend": 13.899556, "fair_value": 13.264452, "relative_strength": -12.184677, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.976307, "energy": 31.248402, "activity_lines": [ 13.806538, 13.84159, 13.886877, 13.9003 ] }, { "date": "2026-05-29", "close": 13.754608, "volume": 537907, "typical_volume": 612458.75, "trend": 13.892251, "fair_value": 13.274012, "relative_strength": -12.655178, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.907943, "energy": 46.332368, "activity_lines": [ 13.774392, 13.829442, 13.869458, 13.890948 ] }, { "date": "2026-06-05", "close": 13.645207, "volume": 687936, "typical_volume": 602929.05, "trend": 13.882265, "fair_value": 13.283989, "relative_strength": -10.815617, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.346276, "energy": 62.165913, "activity_lines": [ 13.718772, 13.795474, 13.842499, 13.87501 ] }, { "date": "2026-06-12", "close": 13.684989, "volume": 571859, "typical_volume": 604508.2, "trend": 13.877793, "fair_value": 13.294914, "relative_strength": -10.743535, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.352599, "energy": 62.987385, "activity_lines": [ 13.693397, 13.768314, 13.821289, 13.862282 ] }, { "date": "2026-06-19", "close": 13.707214, "volume": 857183, "typical_volume": 615998.2, "trend": 13.87986, "fair_value": 13.30641, "relative_strength": -11.074207, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.041891, "energy": 58.465677, "activity_lines": [ 13.693723, 13.746586, 13.804301, 13.851277 ] }, { "date": "2026-06-26", "close": 13.578568, "volume": 620122, "typical_volume": 615742.8, "trend": 13.872773, "fair_value": 13.3166, "relative_strength": -9.489275, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.672465, "energy": 65.850061, "activity_lines": [ 13.654779, 13.704958, 13.776689, 13.831839 ] }, { "date": "2026-07-03", "close": 13.694871, "volume": 543648, "typical_volume": 614666.05, "trend": 13.8728, "fair_value": 13.328017, "relative_strength": -10.356395, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.396785, "energy": 46.900851, "activity_lines": [ 13.661697, 13.692647, 13.762159, 13.820362 ] }, { "date": "2026-07-10", "close": 13.638211, "volume": 535070, "typical_volume": 613683.75, "trend": 13.868348, "fair_value": 13.338321, "relative_strength": -11.609569, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.521463, "energy": 42.041281, "activity_lines": [ 13.653711, 13.674664, 13.74434, 13.805227 ] }, { "date": "2026-07-17", "close": 13.658091, "volume": 517707, "typical_volume": 596763.1, "trend": 13.861969, "fair_value": 13.348806, "relative_strength": -9.815111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.88047, "energy": 40.035818, "activity_lines": [ 13.652817, 13.665054, 13.731164, 13.791662 ] }, { "date": "2026-07-24", "close": 13.54, "volume": 840855, "typical_volume": 605370.85, "trend": 13.853373, "fair_value": 13.35806, "relative_strength": -9.805204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.506618, "energy": 44.125794, "activity_lines": [ 13.614354, 13.639452, 13.708903, 13.77089 ] }, { "date": "2026-07-31", "close": 13.59, "volume": 617270, "typical_volume": 609328.55, "trend": 13.8414, "fair_value": 13.367796, "relative_strength": -10.123653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.992241, "energy": 45.031379, "activity_lines": [ 13.603704, 13.626966, 13.693753, 13.753898 ] }, { "date": "2026-08-07", "close": 13.58, "volume": 864377, "typical_volume": 615430.65, "trend": 13.829419, "fair_value": 13.37763, "relative_strength": -12.903662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.190131, "energy": 44.93083, "activity_lines": [ 13.58896, 13.614388, 13.678963, 13.737033 ] } ], "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." } } }