{ "ticker": { "uuid": "aaaa0000-982c-4728-a7ab-bb89d84d0d01", "symbol": "FEP", "name": "FIRST TRUST EUROPE ALPHADEX FUND", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 59.976, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 71.994, "architecture_energy": 60.523, "architecture_maturity": 36.196, "architecture_confidence": 72.071, "architecture_tenure": "Established", "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": 26.17, "rotation_up": 67.76, "upward_expansion": 87.53, "deceleration": 43.35, "rotation_down": 13.2, "downward_expansion": 11.86 }, "activity_lines": [ 58.781773, 58.186411, 57.902623, 57.442423 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 60.03, "trend_reference": 57.038657, "distance_from_trend": 0.052444, "trend_direction": "Improving", "fair_value": 42.321435, "distance_from_fair_value": 0.41843, "fair_value_direction": "Weakening", "relative_strength": -3.484072, "relative_strength_direction": "Improving", "price_momentum": 0.039361, "excess_performance": -0.148093, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.052444, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034846, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.41843, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.034779, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034841, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02333, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.039361, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.852992, "read": "Supply-led" } ], "volume": { "latest": 63106, "relative_activity": 0.568267, "balance": 0.852992, "dry_up": 0.756428, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.030067, "annualized_volatility": 0.191209, "from_high_reference": 0.0, "from_low_reference": 0.252989 }, "levels": { "trend_reference": 57.038657, "fair_value_reference": 42.321435, "structural_low": 49.93, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.008079, "positive_rate": 0.542857, "directional_follow_through": 0.542857, "median_excess_return": -0.006632, "regime_survival": 0.771429, "best_return": 0.169503, "worst_return": -0.122966, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.040115, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": -0.05762, "regime_survival": 0.615385, "best_return": 0.115326, "worst_return": -0.138196, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.044993, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.013012, "regime_survival": 0.571429, "best_return": 0.189139, "worst_return": -0.06973, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.048391, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.1728, "regime_survival": 0.5, "best_return": 0.338918, "worst_return": -0.235411, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-06-21", "tenure": "Established", "return": 0.03805, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.047813, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-08-02", "tenure": "New", "return": -0.040822, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-09-13", "tenure": "Developing", "return": 0.044572, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2024-11-01", "tenure": "Developing", "return": -0.030709, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": -0.024299, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2024-12-20", "tenure": "New", "return": -0.031573, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-07", "tenure": "Developing", "return": 0.05696, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.004183, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.067105, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.056756, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2026-03-13", "tenure": "Extended", "return": 0.252641, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.128752, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.058317, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 30.875007, "volume": 60678, "typical_volume": 114997.9, "trend": 31.185441, "fair_value": 31.898313, "relative_strength": -9.755104, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.745217, "energy": 17.045941, "activity_lines": [ 31.675032, 31.757271, 31.460286, 31.292209 ] }, { "date": "2023-08-25", "close": 30.794883, "volume": 60516, "typical_volume": 111589.3, "trend": 31.149261, "fair_value": 31.914602, "relative_strength": -11.38705, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.611973, "energy": 15.535202, "activity_lines": [ 31.282607, 31.601341, 31.41, 31.267011 ] }, { "date": "2023-09-01", "close": 31.366676, "volume": 822676, "typical_volume": 143807.55, "trend": 31.135192, "fair_value": 31.937804, "relative_strength": -12.893344, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.484615, "energy": 20.621479, "activity_lines": [ 31.200237, 31.564718, 31.414848, 31.281038 ] }, { "date": "2023-09-08", "close": 30.638277, "volume": 79664, "typical_volume": 141970.75, "trend": 31.111834, "fair_value": 31.956965, "relative_strength": -13.65879, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.977369, "energy": 20.189409, "activity_lines": [ 30.96551, 31.376874, 31.352087, 31.248979 ] }, { "date": "2023-09-15", "close": 31.157261, "volume": 77204, "typical_volume": 141594.6, "trend": 31.091377, "fair_value": 31.977044, "relative_strength": -11.654429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.225933, "energy": 16.384137, "activity_lines": [ 30.993614, 31.296137, 31.342714, 31.25191 ] }, { "date": "2023-09-22", "close": 30.429409, "volume": 59228, "typical_volume": 139365.25, "trend": 31.078745, "fair_value": 32.000413, "relative_strength": -10.697427, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.238699, "energy": 27.731091, "activity_lines": [ 30.81461, 31.077767, 31.265469, 31.209202 ] }, { "date": "2023-09-29", "close": 30.146302, "volume": 155822, "typical_volume": 141642.0, "trend": 31.021631, "fair_value": 32.016234, "relative_strength": -11.545251, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.381867, "energy": 38.891609, "activity_lines": [ 30.570944, 30.845325, 31.165667, 31.149045 ] }, { "date": "2023-10-06", "close": 29.570956, "volume": 319038, "typical_volume": 153692.6, "trend": 30.992065, "fair_value": 32.02195, "relative_strength": -14.62494, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.711874, "energy": 55.012496, "activity_lines": [ 30.178734, 30.552647, 31.013865, 31.055453 ] }, { "date": "2023-10-13", "close": 29.388307, "volume": 249995, "typical_volume": 141158.4, "trend": 31.005318, "fair_value": 32.029703, "relative_strength": -15.099377, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.648886, "energy": 76.074976, "activity_lines": [ 29.845356, 30.284076, 30.850921, 30.951985 ] }, { "date": "2023-10-20", "close": 28.520721, "volume": 85865, "typical_volume": 143084.8, "trend": 30.977747, "fair_value": 32.033579, "relative_strength": -14.946689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.23213, "energy": 83.873473, "activity_lines": [ 29.306114, 29.904989, 30.609216, 30.791688 ] }, { "date": "2023-10-27", "close": 28.201085, "volume": 156437, "typical_volume": 147660.35, "trend": 30.889054, "fair_value": 32.048187, "relative_strength": -13.442825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.805816, "energy": 87.675756, "activity_lines": [ 28.836096, 29.525408, 30.346124, 30.612549 ] }, { "date": "2023-11-03", "close": 29.8084, "volume": 80254, "typical_volume": 147247.35, "trend": 30.851423, "fair_value": 32.058528, "relative_strength": -13.751866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.872959, "energy": 73.50588, "activity_lines": [ 29.050405, 29.486683, 30.248168, 30.542829 ] }, { "date": "2023-11-10", "close": 29.854063, "volume": 156973, "typical_volume": 151702.35, "trend": 30.788675, "fair_value": 32.062482, "relative_strength": -15.708696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.348978, "energy": 49.196202, "activity_lines": [ 29.302461, 29.474197, 30.163277, 30.478483 ] }, { "date": "2023-11-17", "close": 31.406584, "volume": 163712, "typical_volume": 153557.3, "trend": 30.786557, "fair_value": 32.073547, "relative_strength": -12.767181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.696214, "energy": 13.561442, "activity_lines": [ 30.053151, 29.771489, 30.228528, 30.518348 ] }, { "date": "2023-11-24", "close": 31.662293, "volume": 95744, "typical_volume": 155206.25, "trend": 30.793258, "fair_value": 32.08249, "relative_strength": -12.48477, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.556774, "energy": 22.080372, "activity_lines": [ 30.754525, 30.101304, 30.317812, 30.574847 ] }, { "date": "2023-12-01", "close": 32.219374, "volume": 136800, "typical_volume": 156870.65, "trend": 30.822081, "fair_value": 32.091927, "relative_strength": -10.717018, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 36.690148, "energy": 42.176758, "activity_lines": [ 31.432155, 30.523224, 30.456359, 30.666855 ] }, { "date": "2023-12-08", "close": 32.082387, "volume": 212184, "typical_volume": 160056.1, "trend": 30.867058, "fair_value": 32.102222, "relative_strength": -11.221795, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.375631, "energy": 46.328872, "activity_lines": [ 31.796236, 30.887693, 30.583132, 30.748165 ] }, { "date": "2023-12-15", "close": 32.539011, "volume": 198516, "typical_volume": 166272.15, "trend": 30.922223, "fair_value": 32.107449, "relative_strength": -12.461708, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.822375, "energy": 65.382061, "activity_lines": [ 32.160926, 31.299983, 30.755795, 30.856033 ] }, { "date": "2023-12-22", "close": 33.238924, "volume": 165241, "typical_volume": 169713.9, "trend": 31.02351, "fair_value": 32.115751, "relative_strength": -10.921728, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.273786, "energy": 71.91714, "activity_lines": [ 32.579924, 31.785565, 30.995994, 31.005497 ] }, { "date": "2023-12-29", "close": 33.353715, "volume": 77636, "typical_volume": 170709.15, "trend": 31.121224, "fair_value": 32.12644, "relative_strength": -10.409983, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.654511, "energy": 84.977997, "activity_lines": [ 32.91503, 32.222007, 31.241158, 31.155833 ] }, { "date": "2024-01-05", "close": 33.124132, "volume": 78010, "typical_volume": 171575.75, "trend": 31.200925, "fair_value": 32.126125, "relative_strength": -7.602422, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.881581, "energy": 81.737692, "activity_lines": [ 33.060847, 32.528834, 31.456534, 31.285053 ] }, { "date": "2024-01-12", "close": 32.968017, "volume": 121156, "typical_volume": 174607.75, "trend": 31.245231, "fair_value": 32.130294, "relative_strength": -10.324266, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.428334, "energy": 76.768827, "activity_lines": [ 33.094308, 32.717766, 31.646332, 31.399059 ] }, { "date": "2024-01-19", "close": 32.19662, "volume": 128565, "typical_volume": 139902.2, "trend": 31.307335, "fair_value": 32.126856, "relative_strength": -14.19618, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.449943, "energy": 52.086785, "activity_lines": [ 32.811595, 32.708997, 31.752315, 31.460439 ] }, { "date": "2024-01-26", "close": 32.788667, "volume": 147378, "typical_volume": 143287.9, "trend": 31.355645, "fair_value": 32.133603, "relative_strength": -12.575918, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.12878, "energy": 41.383256, "activity_lines": [ 32.749056, 32.765281, 31.910732, 31.556009 ] }, { "date": "2024-02-02", "close": 32.563952, "volume": 195769, "typical_volume": 149216.15, "trend": 31.412246, "fair_value": 32.131348, "relative_strength": -13.6904, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.622342, "energy": 35.424734, "activity_lines": [ 32.64163, 32.755579, 32.037507, 31.633964 ] }, { "date": "2024-02-09", "close": 32.316003, "volume": 100512, "typical_volume": 151280.35, "trend": 31.40656, "fair_value": 32.124947, "relative_strength": -15.342936, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.534925, "energy": 26.844237, "activity_lines": [ 32.504205, 32.684401, 32.13397, 31.692271 ] }, { "date": "2024-02-16", "close": 32.664968, "volume": 69881, "typical_volume": 146983.3, "trend": 31.409168, "fair_value": 32.120836, "relative_strength": -12.556432, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.392231, "energy": 29.859945, "activity_lines": [ 32.536977, 32.674915, 32.254684, 31.773459 ] }, { "date": "2024-02-23", "close": 33.289432, "volume": 40604, "typical_volume": 133061.6, "trend": 31.428038, "fair_value": 32.126586, "relative_strength": -11.562202, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.820707, "energy": 42.518119, "activity_lines": [ 32.798107, 32.768375, 32.422876, 31.894766 ] }, { "date": "2024-03-01", "close": 33.491464, "volume": 146938, "typical_volume": 127908.75, "trend": 31.478226, "fair_value": 32.132886, "relative_strength": -12.163551, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.631328, "energy": 51.561129, "activity_lines": [ 33.053727, 32.884925, 32.592603, 32.02789 ] }, { "date": "2024-03-08", "close": 33.796992, "volume": 58956, "typical_volume": 126563.3, "trend": 31.548463, "fair_value": 32.133795, "relative_strength": -9.435358, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.592797, "energy": 70.217732, "activity_lines": [ 33.364337, 33.052433, 32.771889, 32.177488 ] }, { "date": "2024-03-15", "close": 34.216944, "volume": 63254, "typical_volume": 121904.15, "trend": 31.659861, "fair_value": 32.136491, "relative_strength": -6.87972, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.430068, "energy": 84.959682, "activity_lines": [ 33.732727, 33.288236, 32.966045, 32.349648 ] }, { "date": "2024-03-22", "close": 34.457475, "volume": 77325, "typical_volume": 121757.7, "trend": 31.781947, "fair_value": 32.138857, "relative_strength": -8.592285, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.628966, "energy": 88.923299, "activity_lines": [ 34.054566, 33.547903, 33.154462, 32.530139 ] }, { "date": "2024-03-29", "close": 34.775059, "volume": 99547, "typical_volume": 118886.4, "trend": 31.89556, "fair_value": 32.139999, "relative_strength": -6.865375, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.657842, "energy": 90.826004, "activity_lines": [ 34.362765, 33.838232, 33.350987, 32.723243 ] }, { "date": "2024-04-05", "close": 34.913863, "volume": 103729, "typical_volume": 115887.25, "trend": 32.038079, "fair_value": 32.138719, "relative_strength": -5.338293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.358619, "energy": 89.442557, "activity_lines": [ 34.61819, 34.106917, 33.537297, 32.917972 ] }, { "date": "2024-04-12", "close": 33.968885, "volume": 123811, "typical_volume": 117290.6, "trend": 32.1318, "fair_value": 32.127534, "relative_strength": -6.951306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.62423, "energy": 60.076224, "activity_lines": [ 34.463797, 34.165148, 33.616909, 33.042541 ] }, { "date": "2024-04-19", "close": 33.604478, "volume": 83516, "typical_volume": 114626.4, "trend": 32.237636, "fair_value": 32.114869, "relative_strength": -2.276924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.936701, "energy": 49.177387, "activity_lines": [ 34.176474, 34.131579, 33.650831, 33.137552 ] }, { "date": "2024-04-26", "close": 34.59924, "volume": 61401, "typical_volume": 107087.25, "trend": 32.386067, "fair_value": 32.110771, "relative_strength": -2.797302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.715989, "energy": 46.711192, "activity_lines": [ 34.26157, 34.255448, 33.772897, 33.289914 ] }, { "date": "2024-05-03", "close": 34.756552, "volume": 98192, "typical_volume": 102071.05, "trend": 32.55892, "fair_value": 32.09988, "relative_strength": -2.954435, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.964685, "energy": 41.810215, "activity_lines": [ 34.389652, 34.372752, 33.89796, 33.442848 ] }, { "date": "2024-05-10", "close": 35.792956, "volume": 49599, "typical_volume": 96288.95, "trend": 32.772409, "fair_value": 32.096328, "relative_strength": -1.219853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.805875, "energy": 56.198723, "activity_lines": [ 34.864437, 34.651817, 34.111168, 33.651496 ] }, { "date": "2024-05-17", "close": 36.672049, "volume": 51097, "typical_volume": 94962.0, "trend": 33.044119, "fair_value": 32.097396, "relative_strength": -0.705599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.29414, "energy": 86.674278, "activity_lines": [ 35.573646, 35.048873, 34.395937, 33.903085 ] }, { "date": "2024-05-24", "close": 36.533244, "volume": 59768, "typical_volume": 94049.9, "trend": 33.321858, "fair_value": 32.093834, "relative_strength": -2.246375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.760246, "energy": 90.074949, "activity_lines": [ 36.056375, 35.368417, 34.651685, 34.12819 ] }, { "date": "2024-05-31", "close": 36.625781, "volume": 150589, "typical_volume": 95521.55, "trend": 33.549104, "fair_value": 32.086966, "relative_strength": -0.304932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.554198, "energy": 89.703628, "activity_lines": [ 36.374699, 35.662672, 34.900013, 34.341346 ] }, { "date": "2024-06-07", "close": 36.220473, "volume": 92904, "typical_volume": 93738.5, "trend": 33.761318, "fair_value": 32.076804, "relative_strength": -3.81189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.136516, "energy": 84.083884, "activity_lines": [ 36.422818, 35.84381, 35.092322, 34.513693 ] }, { "date": "2024-06-14", "close": 34.284618, "volume": 159986, "typical_volume": 94368.9, "trend": 33.857252, "fair_value": 32.06727, "relative_strength": -11.723098, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.819919, "energy": 42.725171, "activity_lines": [ 35.728057, 35.646695, 35.081102, 34.547454 ] }, { "date": "2024-06-21", "close": 34.765805, "volume": 105254, "typical_volume": 89843.15, "trend": 33.960703, "fair_value": 32.055146, "relative_strength": -10.419786, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.497387, "energy": 24.557618, "activity_lines": [ 35.294248, 35.548509, 35.108586, 34.60607 ] }, { "date": "2024-06-28", "close": 34.916403, "volume": 81448, "typical_volume": 88889.95, "trend": 34.050604, "fair_value": 32.045561, "relative_strength": -9.706443, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.707103, "energy": 24.324487, "activity_lines": [ 35.037721, 35.463215, 35.139928, 34.667729 ] }, { "date": "2024-07-05", "close": 36.149528, "volume": 76321, "typical_volume": 89211.95, "trend": 34.186175, "fair_value": 32.043283, "relative_strength": -9.471161, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.693336, "energy": 27.948914, "activity_lines": [ 35.300025, 35.578273, 35.276327, 34.803143 ] }, { "date": "2024-07-12", "close": 36.585864, "volume": 129066, "typical_volume": 93635.05, "trend": 34.32107, "fair_value": 32.047923, "relative_strength": -7.858327, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.38973, "energy": 32.414679, "activity_lines": [ 35.739525, 35.744477, 35.43769, 34.957962 ] }, { "date": "2024-07-19", "close": 36.01673, "volume": 53971, "typical_volume": 88986.7, "trend": 34.413664, "fair_value": 32.044632, "relative_strength": -5.29201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.135418, "energy": 38.457413, "activity_lines": [ 35.964953, 35.773942, 35.529151, 35.067359 ] }, { "date": "2024-07-26", "close": 35.970725, "volume": 44142, "typical_volume": 88246.0, "trend": 34.500897, "fair_value": 32.03866, "relative_strength": -2.713846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.311869, "energy": 45.97684, "activity_lines": [ 36.059573, 35.790974, 35.604206, 35.167815 ] }, { "date": "2024-08-02", "close": 34.546466, "volume": 45056, "typical_volume": 87336.1, "trend": 34.548308, "fair_value": 32.021281, "relative_strength": -3.38218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.378329, "energy": 20.941319, "activity_lines": [ 35.599112, 35.561801, 35.533266, 35.170755 ] }, { "date": "2024-08-09", "close": 34.688749, "volume": 56393, "typical_volume": 86289.5, "trend": 34.605666, "fair_value": 32.000097, "relative_strength": -3.105402, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.583969, "energy": 8.862697, "activity_lines": [ 35.210741, 35.394621, 35.474308, 35.179815 ] }, { "date": "2024-08-16", "close": 35.93136, "volume": 86890, "typical_volume": 85656.65, "trend": 34.730158, "fair_value": 31.99436, "relative_strength": -4.57845, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.533602, "energy": 15.694765, "activity_lines": [ 35.333958, 35.488589, 35.532593, 35.265344 ] }, { "date": "2024-08-23", "close": 37.060143, "volume": 54029, "typical_volume": 83171.65, "trend": 34.87254, "fair_value": 31.990004, "relative_strength": -2.411102, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.296982, "energy": 26.306719, "activity_lines": [ 35.877071, 35.793047, 35.692874, 35.415666 ] }, { "date": "2024-08-30", "close": 36.889403, "volume": 46209, "typical_volume": 79291.55, "trend": 35.016722, "fair_value": 31.983252, "relative_strength": -1.952438, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.52861, "energy": 48.897883, "activity_lines": [ 36.293709, 36.015997, 35.826674, 35.545786 ] }, { "date": "2024-09-06", "close": 35.476052, "volume": 37843, "typical_volume": 77007.9, "trend": 35.122057, "fair_value": 31.972754, "relative_strength": 0.17798, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.475074, "energy": 42.75642, "activity_lines": [ 36.177985, 35.943363, 35.811962, 35.57542 ] }, { "date": "2024-09-13", "close": 36.234898, "volume": 40021, "typical_volume": 75938.9, "trend": 35.241054, "fair_value": 31.969289, "relative_strength": -3.218307, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.222777, "energy": 46.50342, "activity_lines": [ 36.253237, 35.998526, 35.860609, 35.647216 ] }, { "date": "2024-09-20", "close": 36.932372, "volume": 37448, "typical_volume": 72901.7, "trend": 35.362486, "fair_value": 31.970898, "relative_strength": -2.594781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.26491, "energy": 45.825877, "activity_lines": [ 36.457904, 36.17895, 35.967893, 35.756333 ] }, { "date": "2024-09-27", "close": 37.634661, "volume": 43538, "typical_volume": 72598.65, "trend": 35.500592, "fair_value": 31.982731, "relative_strength": -1.581113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.105012, "energy": 48.183775, "activity_lines": [ 36.829933, 36.480763, 36.1317, 35.902925 ] }, { "date": "2024-10-04", "close": 36.678981, "volume": 100079, "typical_volume": 75047.75, "trend": 35.596659, "fair_value": 31.989801, "relative_strength": -4.042858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.111173, "energy": 47.328964, "activity_lines": [ 36.845101, 36.579399, 36.195721, 35.97895 ] }, { "date": "2024-10-11", "close": 36.564299, "volume": 77315, "typical_volume": 75925.1, "trend": 35.674904, "fair_value": 31.98747, "relative_strength": -5.35404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.795748, "energy": 44.463347, "activity_lines": [ 36.83607, 36.644307, 36.248786, 36.041379 ] }, { "date": "2024-10-18", "close": 36.755435, "volume": 46622, "typical_volume": 70726.75, "trend": 35.751502, "fair_value": 31.984458, "relative_strength": -4.917617, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.676184, "energy": 35.564259, "activity_lines": [ 36.818201, 36.707278, 36.319907, 36.111091 ] }, { "date": "2024-10-25", "close": 36.076903, "volume": 51654, "typical_volume": 68664.25, "trend": 35.794897, "fair_value": 31.978077, "relative_strength": -6.617305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.460678, "energy": 17.444124, "activity_lines": [ 36.539452, 36.609304, 36.325789, 36.132084 ] }, { "date": "2024-11-01", "close": 35.798227, "volume": 62956, "typical_volume": 63812.75, "trend": 35.824376, "fair_value": 31.96746, "relative_strength": -5.648508, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.287184, "energy": 12.816741, "activity_lines": [ 36.224842, 36.458015, 36.305813, 36.132299 ] }, { "date": "2024-11-08", "close": 35.594285, "volume": 81557, "typical_volume": 62627.9, "trend": 35.878556, "fair_value": 31.95526, "relative_strength": -10.834891, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.252538, "energy": 14.391504, "activity_lines": [ 35.964681, 36.29259, 36.259207, 36.117454 ] }, { "date": "2024-11-15", "close": 35.092553, "volume": 81542, "typical_volume": 62632.6, "trend": 35.928159, "fair_value": 31.943986, "relative_strength": -8.727153, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.815009, "energy": 28.900143, "activity_lines": [ 35.609588, 36.059489, 36.160871, 36.066744 ] }, { "date": "2024-11-22", "close": 34.729395, "volume": 55959, "typical_volume": 61614.5, "trend": 35.932497, "fair_value": 31.939376, "relative_strength": -11.027017, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.076004, "energy": 50.092777, "activity_lines": [ 35.23156, 35.767331, 36.027111, 35.989405 ] }, { "date": "2024-11-29", "close": 35.407927, "volume": 62615, "typical_volume": 58291.95, "trend": 35.95421, "fair_value": 31.94015, "relative_strength": -9.682621, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.568651, "energy": 44.638983, "activity_lines": [ 35.214778, 35.625916, 35.964735, 35.955562 ] }, { "date": "2024-12-06", "close": 35.799756, "volume": 112492, "typical_volume": 61218.0, "trend": 35.954436, "fair_value": 31.937714, "relative_strength": -11.267867, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.089861, "energy": 47.206097, "activity_lines": [ 35.373204, 35.58346, 35.945285, 35.945597 ] }, { "date": "2024-12-13", "close": 35.551088, "volume": 200371, "typical_volume": 69029.45, "trend": 35.917071, "fair_value": 31.938698, "relative_strength": -12.25267, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.819893, "energy": 20.508197, "activity_lines": [ 35.448639, 35.529153, 35.903186, 35.919574 ] }, { "date": "2024-12-20", "close": 34.290001, "volume": 95169, "typical_volume": 71535.1, "trend": 35.842296, "fair_value": 31.923778, "relative_strength": -13.085287, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.551713, "energy": 38.150537, "activity_lines": [ 35.106592, 35.266064, 35.742981, 35.814602 ] }, { "date": "2024-12-27", "close": 34.646186, "volume": 38092, "typical_volume": 70620.05, "trend": 35.77631, "fair_value": 31.908218, "relative_strength": -12.63215, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.261487, "energy": 40.207919, "activity_lines": [ 34.936776, 35.109088, 35.617921, 35.737434 ] }, { "date": "2025-01-03", "close": 34.453654, "volume": 127009, "typical_volume": 72626.0, "trend": 35.717416, "fair_value": 31.890928, "relative_strength": -12.059859, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.583986, "energy": 58.632528, "activity_lines": [ 34.70833, 34.955455, 35.474726, 35.652101 ] }, { "date": "2025-01-10", "close": 34.164855, "volume": 91423, "typical_volume": 74495.7, "trend": 35.713423, "fair_value": 31.872723, "relative_strength": -10.528658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.832398, "energy": 66.972836, "activity_lines": [ 34.447236, 34.778828, 35.311064, 35.551936 ] }, { "date": "2025-01-17", "close": 35.234757, "volume": 92911, "typical_volume": 76830.8, "trend": 35.729055, "fair_value": 31.871691, "relative_strength": -10.084991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.544552, "energy": 41.538548, "activity_lines": [ 34.651769, 34.826425, 35.263084, 35.521054 ] }, { "date": "2025-01-24", "close": 36.229764, "volume": 53191, "typical_volume": 77598.2, "trend": 35.772834, "fair_value": 31.880512, "relative_strength": -8.702972, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.912453, "energy": 13.658764, "activity_lines": [ 35.20906, 35.06147, 35.317746, 35.553358 ] }, { "date": "2025-01-31", "close": 36.158431, "volume": 319483, "typical_volume": 91571.3, "trend": 35.773131, "fair_value": 31.883801, "relative_strength": -7.43295, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.112131, "energy": 14.654185, "activity_lines": [ 35.613256, 35.262869, 35.362025, 35.578235 ] }, { "date": "2025-02-07", "close": 36.619642, "volume": 129439, "typical_volume": 96170.85, "trend": 35.774257, "fair_value": 31.891977, "relative_strength": -6.260316, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.530373, "energy": 27.925497, "activity_lines": [ 36.070373, 35.522142, 35.450593, 35.632849 ] }, { "date": "2025-02-14", "close": 38.020122, "volume": 63082, "typical_volume": 97148.05, "trend": 35.841036, "fair_value": 31.913102, "relative_strength": -5.291592, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.743162, "energy": 52.325053, "activity_lines": [ 36.849917, 36.014016, 35.674029, 35.777744 ] }, { "date": "2025-02-21", "close": 37.788409, "volume": 112679, "typical_volume": 97778.05, "trend": 35.901626, "fair_value": 31.937429, "relative_strength": -3.588886, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.279092, "energy": 65.767441, "activity_lines": [ 37.295206, 36.42339, 35.873562, 35.90338 ] }, { "date": "2025-02-28", "close": 38.179154, "volume": 107698, "typical_volume": 99297.2, "trend": 36.022715, "fair_value": 31.988362, "relative_strength": 0.853425, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.760443, "energy": 79.632395, "activity_lines": [ 37.700499, 36.863131, 36.105026, 36.050318 ] }, { "date": "2025-03-07", "close": 40.951619, "volume": 434107, "typical_volume": 118671.45, "trend": 36.231478, "fair_value": 32.053428, "relative_strength": 11.612151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.658805, "energy": 92.381291, "activity_lines": [ 38.899988, 37.736244, 36.592844, 36.368312 ] }, { "date": "2025-03-14", "close": 40.605061, "volume": 120661, "typical_volume": 122121.8, "trend": 36.387268, "fair_value": 32.099395, "relative_strength": 13.310564, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.309313, "energy": 92.637594, "activity_lines": [ 39.664412, 38.431702, 37.027675, 36.650478 ] }, { "date": "2025-03-21", "close": 40.374022, "volume": 513153, "typical_volume": 144631.65, "trend": 36.49773, "fair_value": 32.145066, "relative_strength": 12.204029, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.441297, "energy": 89.602817, "activity_lines": [ 40.086129, 38.973309, 37.41894, 36.907688 ] }, { "date": "2025-03-28", "close": 39.940961, "volume": 220432, "typical_volume": 151575.4, "trend": 36.599449, "fair_value": 32.185477, "relative_strength": 13.465854, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.611289, "energy": 86.282318, "activity_lines": [ 40.206565, 39.323284, 37.747171, 37.129832 ] }, { "date": "2025-04-04", "close": 35.915978, "volume": 353222, "typical_volume": 165159.4, "trend": 36.614113, "fair_value": 32.20544, "relative_strength": 13.049596, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.578067, "energy": 33.905236, "activity_lines": [ 38.841836, 38.855877, 37.671372, 37.085737 ] }, { "date": "2025-04-11", "close": 38.203559, "volume": 232351, "typical_volume": 173979.0, "trend": 36.679735, "fair_value": 32.241281, "relative_strength": 11.678949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.542852, "energy": 21.68091, "activity_lines": [ 38.390513, 38.810099, 37.809517, 37.188282 ] }, { "date": "2025-04-18", "close": 39.747917, "volume": 144999, "typical_volume": 178098.2, "trend": 36.773587, "fair_value": 32.291161, "relative_strength": 18.646926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.359948, "energy": 23.481439, "activity_lines": [ 38.63718, 39.007928, 38.078199, 37.386229 ] }, { "date": "2025-04-25", "close": 41.224709, "volume": 81546, "typical_volume": 176550.9, "trend": 36.893255, "fair_value": 32.358896, "relative_strength": 15.453612, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.997779, "energy": 32.064124, "activity_lines": [ 39.433254, 39.417388, 38.466862, 37.673398 ] }, { "date": "2025-05-02", "close": 42.003838, "volume": 97804, "typical_volume": 171422.55, "trend": 37.07075, "fair_value": 32.436924, "relative_strength": 13.55758, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.264697, "energy": 48.550621, "activity_lines": [ 40.432325, 39.910243, 38.903895, 38.003113 ] }, { "date": "2025-05-09", "close": 42.624284, "volume": 256126, "typical_volume": 179470.4, "trend": 37.27275, "fair_value": 32.520585, "relative_strength": 15.265517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.896626, "energy": 75.420485, "activity_lines": [ 41.500686, 40.439261, 39.369291, 38.361406 ] }, { "date": "2025-05-16", "close": 43.338549, "volume": 163207, "typical_volume": 185726.15, "trend": 37.492187, "fair_value": 32.603581, "relative_strength": 9.619868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.730287, "energy": 81.510835, "activity_lines": [ 42.359915, 41.017326, 39.863024, 38.752748 ] }, { "date": "2025-05-23", "close": 44.59334, "volume": 267481, "typical_volume": 192749.75, "trend": 37.776068, "fair_value": 32.686343, "relative_strength": 15.297707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.24946, "energy": 85.227269, "activity_lines": [ 43.295076, 41.780135, 40.43487, 39.210887 ] }, { "date": "2025-05-30", "close": 44.990723, "volume": 113883, "typical_volume": 193872.75, "trend": 38.082485, "fair_value": 32.771763, "relative_strength": 13.971657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.705678, "energy": 85.735003, "activity_lines": [ 44.039669, 42.542682, 40.996277, 39.676348 ] }, { "date": "2025-06-06", "close": 45.674391, "volume": 209024, "typical_volume": 199678.4, "trend": 38.418488, "fair_value": 32.873982, "relative_strength": 13.129303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.753404, "energy": 88.840817, "activity_lines": [ 44.761083, 43.345592, 41.571243, 40.166149 ] }, { "date": "2025-06-13", "close": 45.355771, "volume": 139169, "typical_volume": 203977.3, "trend": 38.760595, "fair_value": 32.984976, "relative_strength": 12.570831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.11714, "energy": 84.578666, "activity_lines": [ 45.131588, 43.986327, 42.066152, 40.613715 ] }, { "date": "2025-06-20", "close": 44.776733, "volume": 72642, "typical_volume": 191635.25, "trend": 39.095507, "fair_value": 33.09133, "relative_strength": 10.822411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.265676, "energy": 72.247616, "activity_lines": [ 45.126981, 44.35015, 42.462458, 41.001853 ] }, { "date": "2025-06-27", "close": 46.747316, "volume": 141833, "typical_volume": 192254.95, "trend": 39.473486, "fair_value": 33.214895, "relative_strength": 10.755102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.545017, "energy": 66.692781, "activity_lines": [ 45.683355, 44.952748, 43.005399, 41.495518 ] }, { "date": "2025-07-04", "close": 47.121531, "volume": 70045, "typical_volume": 192603.1, "trend": 39.850879, "fair_value": 33.344249, "relative_strength": 9.696172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.746324, "energy": 71.104478, "activity_lines": [ 46.22087, 45.496123, 43.535752, 41.988941 ] }, { "date": "2025-07-11", "close": 47.456355, "volume": 150607, "typical_volume": 194499.5, "trend": 40.247721, "fair_value": 33.480214, "relative_strength": 10.567726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.887983, "energy": 91.51934, "activity_lines": [ 46.727939, 45.993161, 44.054653, 42.479617 ] }, { "date": "2025-07-18", "close": 47.041371, "volume": 170137, "typical_volume": 197621.45, "trend": 40.672767, "fair_value": 33.606681, "relative_strength": 8.018238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.384676, "energy": 88.094677, "activity_lines": [ 46.977882, 46.315611, 44.487994, 42.917917 ] }, { "date": "2025-07-25", "close": 48.377121, "volume": 77074, "typical_volume": 179769.8, "trend": 41.130465, "fair_value": 33.734137, "relative_strength": 9.884729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.261134, "energy": 93.076025, "activity_lines": [ 47.560702, 46.800613, 45.006348, 43.414972 ] }, { "date": "2025-08-01", "close": 46.760217, "volume": 98139, "typical_volume": 178643.7, "trend": 41.540683, "fair_value": 33.853263, "relative_strength": 8.419127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.400401, "energy": 83.21244, "activity_lines": [ 47.364528, 46.900022, 45.335352, 43.778182 ] }, { "date": "2025-08-08", "close": 48.85001, "volume": 97988, "typical_volume": 157885.45, "trend": 42.030189, "fair_value": 33.98019, "relative_strength": 8.985803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.888764, "energy": 70.899177, "activity_lines": [ 47.864092, 47.339996, 45.834074, 44.249751 ] }, { "date": "2025-08-15", "close": 49.87398, "volume": 336905, "typical_volume": 163709.1, "trend": 42.518163, "fair_value": 34.122215, "relative_strength": 10.451515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.847079, "energy": 73.260316, "activity_lines": [ 48.589747, 47.895978, 46.389954, 44.755802 ] }, { "date": "2025-08-22", "close": 50.37533, "volume": 235494, "typical_volume": 157822.7, "trend": 42.989681, "fair_value": 34.273161, "relative_strength": 12.321059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.046046, "energy": 73.10541, "activity_lines": [ 49.321344, 48.466758, 46.946282, 45.262716 ] }, { "date": "2025-08-29", "close": 48.863305, "volume": 205590, "typical_volume": 156484.65, "trend": 43.413177, "fair_value": 34.420462, "relative_strength": 9.041595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.254587, "energy": 66.442052, "activity_lines": [ 49.326668, 48.671359, 47.289754, 45.64166 ] }, { "date": "2025-09-05", "close": 48.697173, "volume": 78750, "typical_volume": 153172.2, "trend": 43.815762, "fair_value": 34.559182, "relative_strength": 7.47086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.124143, "energy": 64.425518, "activity_lines": [ 49.244203, 48.771454, 47.566643, 45.982562 ] }, { "date": "2025-09-12", "close": 49.794016, "volume": 71177, "typical_volume": 152653.75, "trend": 44.208225, "fair_value": 34.710979, "relative_strength": 7.689463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.945275, "energy": 63.616428, "activity_lines": [ 49.398222, 49.035522, 47.905378, 46.368256 ] }, { "date": "2025-09-19", "close": 49.622862, "volume": 74915, "typical_volume": 151509.3, "trend": 44.602707, "fair_value": 34.875974, "relative_strength": 4.898236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.655548, "energy": 56.552024, "activity_lines": [ 49.432256, 49.219881, 48.187006, 46.717588 ] }, { "date": "2025-09-26", "close": 50.206944, "volume": 73112, "typical_volume": 142358.6, "trend": 45.003633, "fair_value": 35.047784, "relative_strength": 6.443264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.839273, "energy": 61.249126, "activity_lines": [ 49.677724, 49.471046, 48.487979, 47.079151 ] }, { "date": "2025-10-03", "close": 51.311273, "volume": 187485, "typical_volume": 143572.5, "trend": 45.348955, "fair_value": 35.224057, "relative_strength": 7.239266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.710118, "energy": 67.076232, "activity_lines": [ 50.302529, 49.865442, 48.85802, 47.486096 ] }, { "date": "2025-10-10", "close": 49.855998, "volume": 131724, "typical_volume": 136784.65, "trend": 45.657319, "fair_value": 35.391968, "relative_strength": 6.356274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.291282, "energy": 57.243822, "activity_lines": [ 50.279044, 49.941894, 49.051497, 47.776873 ] }, { "date": "2025-10-17", "close": 49.834156, "volume": 94205, "typical_volume": 135800.75, "trend": 45.972657, "fair_value": 35.552345, "relative_strength": 3.574511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.044427, "energy": 53.117008, "activity_lines": [ 50.171023, 49.958088, 49.217833, 48.046346 ] }, { "date": "2025-10-24", "close": 50.690026, "volume": 58414, "typical_volume": 128270.25, "trend": 46.330959, "fair_value": 35.711271, "relative_strength": 2.883424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.070924, "energy": 54.487706, "activity_lines": [ 50.345616, 50.112001, 49.442617, 48.350693 ] }, { "date": "2025-10-31", "close": 50.460344, "volume": 86996, "typical_volume": 125661.6, "trend": 46.815771, "fair_value": 35.866392, "relative_strength": 0.314289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.105191, "energy": 46.960935, "activity_lines": [ 50.372504, 50.209317, 49.621643, 48.617105 ] }, { "date": "2025-11-07", "close": 50.087161, "volume": 128921, "typical_volume": 128475.55, "trend": 47.211891, "fair_value": 36.005699, "relative_strength": 2.420042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.064191, "energy": 43.31176, "activity_lines": [ 50.258105, 50.237235, 49.74082, 48.828162 ] }, { "date": "2025-11-14", "close": 50.759207, "volume": 109073, "typical_volume": 126837.55, "trend": 47.578934, "fair_value": 36.151646, "relative_strength": 3.638109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.9798, "energy": 46.910331, "activity_lines": [ 50.449328, 50.365092, 49.898714, 49.057021 ] }, { "date": "2025-11-21", "close": 49.237221, "volume": 138078, "typical_volume": 130239.2, "trend": 47.846018, "fair_value": 36.282775, "relative_strength": 3.375635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.817399, "energy": 28.226078, "activity_lines": [ 50.073009, 50.178732, 49.892552, 49.164007 ] }, { "date": "2025-11-28", "close": 50.961809, "volume": 43637, "typical_volume": 124890.7, "trend": 48.144617, "fair_value": 36.422685, "relative_strength": 1.652809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.4196, "energy": 33.235805, "activity_lines": [ 50.311348, 50.316058, 50.040562, 49.365026 ] }, { "date": "2025-12-05", "close": 51.501719, "volume": 110580, "typical_volume": 121912.85, "trend": 48.440532, "fair_value": 36.568899, "relative_strength": 1.369934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.286485, "energy": 42.000308, "activity_lines": [ 50.711538, 50.527204, 50.223299, 49.581613 ] }, { "date": "2025-12-12", "close": 52.400876, "volume": 68054, "typical_volume": 121461.85, "trend": 48.742609, "fair_value": 36.724289, "relative_strength": 4.686367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.0194, "energy": 49.950912, "activity_lines": [ 51.342022, 50.878292, 50.470431, 49.837119 ] }, { "date": "2025-12-19", "close": 53.033463, "volume": 872186, "typical_volume": 160164.2, "trend": 49.023947, "fair_value": 36.880094, "relative_strength": 4.879514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.003353, "energy": 77.644737, "activity_lines": [ 52.029121, 51.324585, 50.758648, 50.113949 ] }, { "date": "2025-12-26", "close": 53.804151, "volume": 54038, "typical_volume": 157966.7, "trend": 49.317728, "fair_value": 37.041977, "relative_strength": 4.621545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.756649, "energy": 85.751541, "activity_lines": [ 52.821499, 51.853231, 51.090392, 50.422349 ] }, { "date": "2026-01-02", "close": 54.308822, "volume": 107741, "typical_volume": 146508.5, "trend": 49.605542, "fair_value": 37.198166, "relative_strength": 6.913974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.348975, "energy": 89.85335, "activity_lines": [ 53.477638, 52.401454, 51.446608, 50.744355 ] }, { "date": "2026-01-09", "close": 55.120451, "volume": 186444, "typical_volume": 144056.0, "trend": 49.931031, "fair_value": 37.352221, "relative_strength": 5.671912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.930496, "energy": 93.254422, "activity_lines": [ 54.181187, 53.031449, 51.859004, 51.100156 ] }, { "date": "2026-01-16", "close": 55.425012, "volume": 144568, "typical_volume": 141004.9, "trend": 50.285974, "fair_value": 37.507035, "relative_strength": 6.651792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.782176, "energy": 92.398264, "activity_lines": [ 54.745006, 53.632089, 52.27781, 51.454606 ] }, { "date": "2026-01-23", "close": 56.734622, "volume": 92703, "typical_volume": 141702.55, "trend": 50.618884, "fair_value": 37.666357, "relative_strength": 8.358864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.045473, "energy": 94.287846, "activity_lines": [ 55.543754, 54.373789, 52.790095, 51.870648 ] }, { "date": "2026-01-30", "close": 56.982764, "volume": 121191, "typical_volume": 144203.25, "trend": 50.947592, "fair_value": 37.827857, "relative_strength": 8.434598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.662924, "energy": 91.626994, "activity_lines": [ 56.178471, 55.051962, 53.287738, 52.281221 ] }, { "date": "2026-02-06", "close": 57.756647, "volume": 181498, "typical_volume": 149532.4, "trend": 51.290935, "fair_value": 37.997201, "relative_strength": 11.492258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.196822, "energy": 88.005916, "activity_lines": [ 56.859242, 55.730012, 53.824853, 52.720515 ] }, { "date": "2026-02-13", "close": 57.586892, "volume": 667712, "typical_volume": 179262.4, "trend": 51.642452, "fair_value": 38.162688, "relative_strength": 11.967075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.746636, "energy": 76.973109, "activity_lines": [ 57.253573, 56.253656, 54.307068, 53.126705 ] }, { "date": "2026-02-20", "close": 58.611513, "volume": 200044, "typical_volume": 179890.35, "trend": 51.983599, "fair_value": 38.340913, "relative_strength": 12.062198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.028572, "energy": 81.799788, "activity_lines": [ 57.825015, 56.852955, 54.851724, 53.576322 ] }, { "date": "2026-02-27", "close": 58.954917, "volume": 261082, "typical_volume": 186358.25, "trend": 52.390089, "fair_value": 38.5146, "relative_strength": 12.45787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.661022, "energy": 84.33186, "activity_lines": [ 58.298491, 57.40177, 55.394321, 54.026085 ] }, { "date": "2026-03-06", "close": 54.830869, "volume": 288940, "typical_volume": 196095.0, "trend": 52.589451, "fair_value": 38.670837, "relative_strength": 5.72389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.912656, "energy": 58.330162, "activity_lines": [ 57.249266, 57.093095, 55.500824, 54.183554 ] }, { "date": "2026-03-13", "close": 53.392944, "volume": 248355, "typical_volume": 205592.05, "trend": 52.70675, "fair_value": 38.827261, "relative_strength": 3.884838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.687905, "energy": 28.325505, "activity_lines": [ 55.864191, 56.504312, 55.446588, 54.235393 ] }, { "date": "2026-03-20", "close": 52.039797, "volume": 180957, "typical_volume": 210290.1, "trend": 52.762232, "fair_value": 38.972723, "relative_strength": 3.165338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.425688, "energy": 21.523731, "activity_lines": [ 54.318981, 55.686155, 55.250609, 54.192363 ] }, { "date": "2026-03-27", "close": 52.275, "volume": 99698, "typical_volume": 208828.95, "trend": 52.875955, "fair_value": 39.109986, "relative_strength": 6.912639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.331532, "energy": 32.575682, "activity_lines": [ 53.221978, 54.966773, 55.06951, 54.160929 ] }, { "date": "2026-04-03", "close": 55.2, "volume": 130706, "typical_volume": 209910.6, "trend": 53.092716, "fair_value": 39.265516, "relative_strength": 8.356574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.798417, "energy": 24.815204, "activity_lines": [ 53.52241, 54.836483, 55.156564, 54.310867 ] }, { "date": "2026-04-10", "close": 57.835, "volume": 123378, "typical_volume": 209175.6, "trend": 53.360749, "fair_value": 39.432814, "relative_strength": 8.438378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.712752, "energy": 20.218386, "activity_lines": [ 54.951503, 55.213186, 55.473423, 54.616821 ] }, { "date": "2026-04-17", "close": 58.74, "volume": 123965, "typical_volume": 213192.0, "trend": 53.664653, "fair_value": 39.607621, "relative_strength": 3.708822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.737429, "energy": 34.211373, "activity_lines": [ 56.481986, 55.738939, 55.835532, 54.96387 ] }, { "date": "2026-04-24", "close": 56.722147, "volume": 89180, "typical_volume": 212122.0, "trend": 53.881827, "fair_value": 39.76955, "relative_strength": -1.967373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.578091, "energy": 36.550023, "activity_lines": [ 56.983382, 55.879931, 55.968424, 55.161127 ] }, { "date": "2026-05-01", "close": 57.315718, "volume": 67740, "typical_volume": 212106.3, "trend": 54.081975, "fair_value": 39.935967, "relative_strength": -2.424178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.029964, "energy": 43.293784, "activity_lines": [ 57.370479, 56.144567, 56.132989, 55.382669 ] }, { "date": "2026-05-08", "close": 58.292018, "volume": 129973, "typical_volume": 174995.65, "trend": 54.363176, "fair_value": 40.112627, "relative_strength": -5.817102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.429329, "energy": 57.453384, "activity_lines": [ 57.74696, 56.610272, 56.36713, 55.654284 ] }, { "date": "2026-05-15", "close": 57.026477, "volume": 90179, "typical_volume": 176802.7, "trend": 54.60292, "fair_value": 40.280206, "relative_strength": -7.502233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.013129, "energy": 34.169517, "activity_lines": [ 57.49546, 56.857932, 56.455702, 55.82611 ] }, { "date": "2026-05-22", "close": 57.976446, "volume": 66952, "typical_volume": 174763.25, "trend": 54.8458, "fair_value": 40.458258, "relative_strength": -6.94381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.3965, "energy": 33.476411, "activity_lines": [ 57.614518, 57.238393, 56.619404, 56.043757 ] }, { "date": "2026-05-29", "close": 58.627313, "volume": 96529, "typical_volume": 170267.5, "trend": 55.118033, "fair_value": 40.63906, "relative_strength": -8.392524, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.445552, "energy": 35.187991, "activity_lines": [ 58.001436, 57.653857, 56.827628, 56.287726 ] }, { "date": "2026-06-05", "close": 57.187517, "volume": 84780, "typical_volume": 167278.1, "trend": 55.354711, "fair_value": 40.808639, "relative_strength": -6.316008, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.397075, "energy": 29.361779, "activity_lines": [ 57.78141, 57.687767, 56.882029, 56.421241 ] }, { "date": "2026-06-12", "close": 58.647036, "volume": 143844, "typical_volume": 169835.15, "trend": 55.617639, "fair_value": 40.981769, "relative_strength": -5.987164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.617715, "energy": 34.359769, "activity_lines": [ 58.056437, 57.897726, 57.067039, 56.633649 ] }, { "date": "2026-06-19", "close": 57.255168, "volume": 68080, "typical_volume": 167179.6, "trend": 55.884904, "fair_value": 41.154344, "relative_strength": -10.448345, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.145625, "energy": 27.303543, "activity_lines": [ 57.84384, 57.791944, 57.110384, 56.739296 ] }, { "date": "2026-06-26", "close": 56.4406, "volume": 356960, "typical_volume": 175952.7, "trend": 56.06753, "fair_value": 41.315249, "relative_strength": -7.445786, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.084036, "energy": 13.359484, "activity_lines": [ 57.344475, 57.548601, 57.074853, 56.775147 ] }, { "date": "2026-07-03", "close": 57.67, "volume": 99809, "typical_volume": 147557.55, "trend": 56.273139, "fair_value": 41.48707, "relative_strength": -6.150893, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.713321, "energy": 15.642258, "activity_lines": [ 57.3573, 57.570593, 57.162675, 56.878533 ] }, { "date": "2026-07-10", "close": 57.335, "volume": 113221, "typical_volume": 143216.4, "trend": 56.43761, "fair_value": 41.646355, "relative_strength": -8.214719, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.107672, "energy": 15.40551, "activity_lines": [ 57.322278, 57.514443, 57.218197, 56.94704 ] }, { "date": "2026-07-17", "close": 57.6233, "volume": 104732, "typical_volume": 135398.9, "trend": 56.590605, "fair_value": 41.806846, "relative_strength": -3.722426, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.037961, "energy": 14.752251, "activity_lines": [ 57.373525, 57.510359, 57.307254, 57.023536 ] }, { "date": "2026-07-24", "close": 57.585, "volume": 72730, "typical_volume": 124588.4, "trend": 56.716633, "fair_value": 41.966215, "relative_strength": -2.191261, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.459443, "energy": 17.020386, "activity_lines": [ 57.480253, 57.511471, 57.399005, 57.08769 ] }, { "date": "2026-07-31", "close": 59.06, "volume": 95437, "typical_volume": 116942.5, "trend": 56.875006, "fair_value": 42.139768, "relative_strength": -0.258939, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.16637, "energy": 36.91471, "activity_lines": [ 58.05666, 57.77061, 57.618117, 57.238875 ] }, { "date": "2026-08-07", "close": 60.03, "volume": 63106, "typical_volume": 111049.95, "trend": 57.038657, "fair_value": 42.321435, "relative_strength": -3.484072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.993626, "energy": 60.523227, "activity_lines": [ 58.781773, 58.186411, 57.902623, 57.442423 ] } ], "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." } } }