{ "ticker": { "uuid": "ad04c946-f1bc-41fe-9efc-30ea8a7ea44f", "symbol": "ZPRX", "name": "State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.258, "architecture_energy": 92.027, "architecture_maturity": 34.944, "architecture_confidence": 78.997, "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": 1.21, "rotation_up": 84.22, "upward_expansion": 99.15, "deceleration": 39.09, "rotation_down": 11.03, "downward_expansion": 21.15 }, "activity_lines": [ 69.528, 68.566, 67.454191, 66.396301 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 71.110001, "trend_reference": 65.430334, "distance_from_trend": 0.086805, "trend_direction": "Improving", "fair_value": 54.052788, "distance_from_fair_value": 0.315566, "fair_value_direction": "Improving", "relative_strength": 4.363325, "relative_strength_direction": "Weakening", "price_momentum": 0.088474, "excess_performance": 0.023834, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086805, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039413, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.315566, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.056318, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.043633, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.027843, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.088474, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.214323, "read": "Demand-led" } ], "volume": { "latest": 98469, "relative_activity": 1.177608, "balance": 4.214323, "dry_up": 1.337855, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.021072, "annualized_volatility": 0.162185, "from_high_reference": -0.004898, "from_low_reference": 0.249517 }, "levels": { "trend_reference": 65.430334, "fair_value_reference": 54.052788, "structural_low": 56.93, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": 0.013172, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.003359, "regime_survival": 0.7, "best_return": 0.082507, "worst_return": -0.112051, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.009086, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": 0.018462, "regime_survival": 0.636364, "best_return": 0.114732, "worst_return": -0.021592, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.024088, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.013002, "regime_survival": 0.333333, "best_return": 0.11322, "worst_return": -0.00218, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.06406, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.015224, "regime_survival": 0.5, "best_return": 0.231577, "worst_return": -0.09172, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": -0.034681, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-11-22", "tenure": "Established", "return": 0.012828, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-01-17", "tenure": "Developing", "return": 0.023189, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.036346, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.090943, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.141109, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-09-19", "tenure": "Established", "return": 0.048197, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-24", "tenure": "Developing", "return": 0.031522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": -0.016196, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2025-12-19", "tenure": "Developing", "return": 0.065115, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-13", "tenure": "Developing", "return": -0.002284, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.039626, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.014782, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.083994, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 43.029999, "volume": 24365, "typical_volume": 37453.35, "trend": 44.1135, "fair_value": 42.095353, "relative_strength": -3.581252, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.235429, "energy": 7.270767, "activity_lines": [ 44.098666, 44.130545, 44.064238, 44.009097 ] }, { "date": "2023-08-25", "close": 43.075001, "volume": 27297, "typical_volume": 37383.75, "trend": 44.053, "fair_value": 42.174455, "relative_strength": -3.607123, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.636119, "energy": 25.209523, "activity_lines": [ 43.658333, 43.952364, 43.975596, 43.942097 ] }, { "date": "2023-09-01", "close": 44.084999, "volume": 25114, "typical_volume": 31662.3, "trend": 44.0105, "fair_value": 42.2625, "relative_strength": -2.473427, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.615693, "energy": 19.645262, "activity_lines": [ 43.666333, 43.986, 43.982714, 43.944162 ] }, { "date": "2023-09-08", "close": 43.345001, "volume": 28487, "typical_volume": 27028.35, "trend": 43.957, "fair_value": 42.346475, "relative_strength": -3.285256, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.99133, "energy": 28.108336, "activity_lines": [ 43.506667, 43.861273, 43.919786, 43.901226 ] }, { "date": "2023-09-15", "close": 43.994999, "volume": 19437, "typical_volume": 26748.7, "trend": 43.905, "fair_value": 42.433558, "relative_strength": -2.580159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.769345, "energy": 16.825947, "activity_lines": [ 43.652666, 43.858273, 43.922476, 43.903678 ] }, { "date": "2023-09-22", "close": 43.435001, "volume": 35918, "typical_volume": 27939.25, "trend": 43.852667, "fair_value": 42.526827, "relative_strength": -1.588095, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.412497, "energy": 7.920359, "activity_lines": [ 43.629, 43.738, 43.873548, 43.873355 ] }, { "date": "2023-09-29", "close": 43.375, "volume": 24623, "typical_volume": 27738.5, "trend": 43.762334, "fair_value": 42.613077, "relative_strength": -0.537446, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.861262, "energy": 13.792881, "activity_lines": [ 43.558333, 43.625909, 43.821691, 43.842538 ] }, { "date": "2023-10-06", "close": 42.195, "volume": 43969, "typical_volume": 28891.0, "trend": 43.6845, "fair_value": 42.684808, "relative_strength": -2.1233, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.066998, "energy": 33.735924, "activity_lines": [ 43.074333, 43.324273, 43.660214, 43.74142 ] }, { "date": "2023-10-13", "close": 41.939999, "volume": 23838, "typical_volume": 28950.1, "trend": 43.6855, "fair_value": 42.759199, "relative_strength": -2.330015, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.569614, "energy": 62.468967, "activity_lines": [ 42.631333, 43.032182, 43.484619, 43.628871 ] }, { "date": "2023-10-20", "close": 40.630001, "volume": 35957, "typical_volume": 29208.4, "trend": 43.651, "fair_value": 42.823878, "relative_strength": -2.787226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.699994, "energy": 77.138054, "activity_lines": [ 41.845333, 42.551727, 43.190714, 43.431742 ] }, { "date": "2023-10-27", "close": 40.299999, "volume": 18300, "typical_volume": 28773.55, "trend": 43.549667, "fair_value": 42.899167, "relative_strength": -2.736556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.094528, "energy": 84.458191, "activity_lines": [ 41.173666, 42.077091, 42.881762, 43.215548 ] }, { "date": "2023-11-03", "close": 42.860001, "volume": 24174, "typical_volume": 28876.45, "trend": 43.5455, "fair_value": 42.980577, "relative_strength": 0.08947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.451137, "energy": 67.790394, "activity_lines": [ 41.564333, 42.117546, 42.835452, 43.171054 ] }, { "date": "2023-11-10", "close": 42.365002, "volume": 41810, "typical_volume": 29794.25, "trend": 43.485167, "fair_value": 43.039359, "relative_strength": -1.264582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.228804, "energy": 46.970206, "activity_lines": [ 41.824334, 42.07191, 42.750405, 43.094893 ] }, { "date": "2023-11-17", "close": 44.07, "volume": 28927, "typical_volume": 30490.9, "trend": 43.483334, "fair_value": 43.100032, "relative_strength": -1.654696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.962785, "energy": 12.279985, "activity_lines": [ 42.641334, 42.367546, 42.829691, 43.132624 ] }, { "date": "2023-11-24", "close": 44.314999, "volume": 29005, "typical_volume": 30806.45, "trend": 43.482, "fair_value": 43.158398, "relative_strength": -1.705785, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.599023, "energy": 19.972987, "activity_lines": [ 43.398, 42.694546, 42.929786, 43.18628 ] }, { "date": "2023-12-01", "close": 44.73, "volume": 40539, "typical_volume": 30020.8, "trend": 43.505667, "fair_value": 43.213494, "relative_strength": -2.897105, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 26.640005, "energy": 32.063731, "activity_lines": [ 44.047333, 43.091182, 43.063833, 43.266796 ] }, { "date": "2023-12-08", "close": 45.294998, "volume": 14072, "typical_volume": 28307.05, "trend": 43.550333, "fair_value": 43.279519, "relative_strength": -3.674106, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.037397, "energy": 43.064793, "activity_lines": [ 44.589666, 43.567, 43.250524, 43.382237 ] }, { "date": "2023-12-15", "close": 46.445, "volume": 45923, "typical_volume": 29056.6, "trend": 43.620833, "fair_value": 43.345481, "relative_strength": -1.1055, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.831326, "energy": 65.003544, "activity_lines": [ 45.352999, 44.217, 43.544143, 43.568989 ] }, { "date": "2023-12-22", "close": 46.924999, "volume": 26575, "typical_volume": 28776.7, "trend": 43.741833, "fair_value": 43.412564, "relative_strength": 0.262827, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.608794, "energy": 82.39621, "activity_lines": [ 46.004333, 44.877, 43.877881, 43.782161 ] }, { "date": "2023-12-29", "close": 47.064999, "volume": 36188, "typical_volume": 29725.9, "trend": 43.841667, "fair_value": 43.477084, "relative_strength": 0.373456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.406999, "energy": 83.311422, "activity_lines": [ 46.511999, 45.471818, 44.214262, 43.996559 ] }, { "date": "2024-01-05", "close": 46.494999, "volume": 67309, "typical_volume": 31873.1, "trend": 43.916333, "fair_value": 43.530257, "relative_strength": 0.201957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.222741, "energy": 78.516397, "activity_lines": [ 46.646332, 45.845999, 44.482952, 44.167742 ] }, { "date": "2024-01-12", "close": 46.424999, "volume": 42695, "typical_volume": 32643.0, "trend": 43.976333, "fair_value": 43.584007, "relative_strength": -0.51542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.893136, "energy": 70.056584, "activity_lines": [ 46.639666, 46.094817, 44.728476, 44.329591 ] }, { "date": "2024-01-19", "close": 45.165001, "volume": 31522, "typical_volume": 32963.4, "trend": 44.056, "fair_value": 43.63109, "relative_strength": -2.19427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.770329, "energy": 44.997596, "activity_lines": [ 46.137666, 46.049727, 44.838047, 44.406279 ] }, { "date": "2024-01-26", "close": 46.77, "volume": 41740, "typical_volume": 33626.05, "trend": 44.163667, "fair_value": 43.694295, "relative_strength": -1.004189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.665913, "energy": 42.267007, "activity_lines": [ 46.256, 46.245545, 45.095333, 44.581376 ] }, { "date": "2024-02-02", "close": 46.259998, "volume": 65527, "typical_volume": 35930.55, "trend": 44.2675, "fair_value": 43.741314, "relative_strength": -1.700367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.019209, "energy": 33.743884, "activity_lines": [ 46.214666, 46.299545, 45.287738, 44.716623 ] }, { "date": "2024-02-09", "close": 45.825001, "volume": 41734, "typical_volume": 36221.35, "trend": 44.312166, "fair_value": 43.783814, "relative_strength": -2.518005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.271704, "energy": 28.458142, "activity_lines": [ 46.082, 46.239091, 45.427928, 44.817107 ] }, { "date": "2024-02-16", "close": 46.564999, "volume": 33836, "typical_volume": 36682.0, "trend": 44.372666, "fair_value": 43.828141, "relative_strength": -1.897881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.366134, "energy": 36.878535, "activity_lines": [ 46.240666, 46.293272, 45.627214, 44.962451 ] }, { "date": "2024-02-23", "close": 46.485001, "volume": 44193, "typical_volume": 36693.2, "trend": 44.413167, "fair_value": 43.869936, "relative_strength": -3.569497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.519931, "energy": 37.015909, "activity_lines": [ 46.363333, 46.309818, 45.80369, 45.098731 ] }, { "date": "2024-03-01", "close": 46.735001, "volume": 67775, "typical_volume": 38890.05, "trend": 44.481667, "fair_value": 43.908942, "relative_strength": -4.562611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.160227, "energy": 38.82768, "activity_lines": [ 46.481334, 46.371091, 45.983547, 45.248527 ] }, { "date": "2024-03-08", "close": 47.040001, "volume": 45938, "typical_volume": 39389.1, "trend": 44.574667, "fair_value": 43.939199, "relative_strength": -4.204151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.16625, "energy": 43.424714, "activity_lines": [ 46.703334, 46.491273, 46.169619, 45.413581 ] }, { "date": "2024-03-15", "close": 47.110001, "volume": 25751, "typical_volume": 39761.65, "trend": 44.710667, "fair_value": 43.969808, "relative_strength": -4.574162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.212217, "energy": 46.762752, "activity_lines": [ 46.896668, 46.624637, 46.331833, 45.577151 ] }, { "date": "2024-03-22", "close": 47.73, "volume": 35342, "typical_volume": 40320.05, "trend": 44.865833, "fair_value": 44.00343, "relative_strength": -4.639111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.073841, "energy": 59.266803, "activity_lines": [ 47.211001, 46.859546, 46.520667, 45.771946 ] }, { "date": "2024-03-29", "close": 48.424999, "volume": 50214, "typical_volume": 40740.25, "trend": 45.0105, "fair_value": 44.03766, "relative_strength": -4.646722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.750732, "energy": 71.214605, "activity_lines": [ 47.679333, 47.197091, 46.7525, 46.00157 ] }, { "date": "2024-04-05", "close": 48.294998, "volume": 53735, "typical_volume": 41980.65, "trend": 45.1755, "fair_value": 44.068494, "relative_strength": -3.174849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.792331, "energy": 73.655631, "activity_lines": [ 47.974999, 47.451727, 46.943095, 46.213473 ] }, { "date": "2024-04-12", "close": 48.314999, "volume": 34391, "typical_volume": 42249.95, "trend": 45.3195, "fair_value": 44.096474, "relative_strength": -1.743875, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.608728, "energy": 72.138126, "activity_lines": [ 48.173332, 47.682272, 47.115476, 46.416021 ] }, { "date": "2024-04-19", "close": 47.389999, "volume": 43145, "typical_volume": 42380.25, "trend": 45.451333, "fair_value": 44.121795, "relative_strength": -2.503685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.29056, "energy": 53.487545, "activity_lines": [ 47.978332, 47.707272, 47.180714, 46.549602 ] }, { "date": "2024-04-26", "close": 48.154999, "volume": 33340, "typical_volume": 43343.65, "trend": 45.610666, "fair_value": 44.148622, "relative_strength": -3.149722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.7583, "energy": 47.138445, "activity_lines": [ 48.019666, 47.842908, 47.306142, 46.724032 ] }, { "date": "2024-05-03", "close": 49.099998, "volume": 19782, "typical_volume": 42036.6, "trend": 45.840833, "fair_value": 44.174936, "relative_strength": -0.353348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.38922, "energy": 52.380845, "activity_lines": [ 48.347665, 48.121454, 47.507952, 46.94915 ] }, { "date": "2024-05-10", "close": 50.450001, "volume": 46934, "typical_volume": 43054.55, "trend": 46.1245, "fair_value": 44.211667, "relative_strength": -1.7684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.238201, "energy": 64.30509, "activity_lines": [ 49.080666, 48.597908, 47.82569, 47.246516 ] }, { "date": "2024-05-17", "close": 51.299999, "volume": 47568, "typical_volume": 43623.55, "trend": 46.480166, "fair_value": 44.254007, "relative_strength": 0.238738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.071141, "energy": 90.688991, "activity_lines": [ 49.953333, 49.161363, 48.207595, 47.580419 ] }, { "date": "2024-05-24", "close": 51.34, "volume": 36142, "typical_volume": 42065.2, "trend": 46.848166, "fair_value": 44.291763, "relative_strength": 0.349558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.415499, "energy": 91.979539, "activity_lines": [ 50.640333, 49.654636, 48.573142, 47.893957 ] }, { "date": "2024-05-31", "close": 51.48, "volume": 113632, "typical_volume": 45612.05, "trend": 47.1355, "fair_value": 44.325865, "relative_strength": 1.659546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.891139, "energy": 90.758842, "activity_lines": [ 51.110666, 50.096454, 48.928952, 48.192785 ] }, { "date": "2024-06-07", "close": 51.0, "volume": 74415, "typical_volume": 47756.7, "trend": 47.423333, "fair_value": 44.357276, "relative_strength": 0.408294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.478012, "energy": 85.331258, "activity_lines": [ 51.199333, 50.382818, 49.214976, 48.442107 ] }, { "date": "2024-06-14", "close": 48.77, "volume": 178597, "typical_volume": 54599.55, "trend": 47.58, "fair_value": 44.384391, "relative_strength": -1.007378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.054029, "energy": 51.862056, "activity_lines": [ 50.418, 50.216909, 49.260833, 48.528989 ] }, { "date": "2024-06-21", "close": 49.5, "volume": 47797, "typical_volume": 53713.05, "trend": 47.752833, "fair_value": 44.413365, "relative_strength": -0.435149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.879769, "energy": 34.377658, "activity_lines": [ 49.992, 50.175091, 49.36669, 48.65286 ] }, { "date": "2024-06-28", "close": 48.865002, "volume": 41081, "typical_volume": 53680.4, "trend": 47.890666, "fair_value": 44.437789, "relative_strength": -2.088629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.857329, "energy": 25.52859, "activity_lines": [ 49.474334, 49.996273, 49.396643, 48.724613 ] }, { "date": "2024-07-05", "close": 50.299999, "volume": 64348, "typical_volume": 55206.0, "trend": 48.0575, "fair_value": 44.472404, "relative_strength": -0.492784, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.493236, "energy": 27.627111, "activity_lines": [ 49.6, 50.051546, 49.548786, 48.880054 ] }, { "date": "2024-07-12", "close": 51.040001, "volume": 55718, "typical_volume": 55782.25, "trend": 48.210666, "fair_value": 44.516346, "relative_strength": -0.469862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.080241, "energy": 29.302372, "activity_lines": [ 50.051, 50.202364, 49.753619, 49.072473 ] }, { "date": "2024-07-19", "close": 50.299999, "volume": 53425, "typical_volume": 55064.75, "trend": 48.323166, "fair_value": 44.551539, "relative_strength": 1.196284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.205721, "energy": 32.135542, "activity_lines": [ 50.252667, 50.183364, 49.866286, 49.207269 ] }, { "date": "2024-07-26", "close": 50.459999, "volume": 53438, "typical_volume": 55439.75, "trend": 48.436333, "fair_value": 44.584776, "relative_strength": 0.170575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.241431, "energy": 37.588736, "activity_lines": [ 50.405666, 50.196182, 49.977214, 49.345129 ] }, { "date": "2024-08-02", "close": 48.709999, "volume": 34730, "typical_volume": 55888.7, "trend": 48.510166, "fair_value": 44.601603, "relative_strength": 0.867963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.588985, "energy": 20.548341, "activity_lines": [ 49.911333, 49.906091, 49.90519, 49.362785 ] }, { "date": "2024-08-09", "close": 48.330002, "volume": 46700, "typical_volume": 56456.6, "trend": 48.573667, "fair_value": 44.611346, "relative_strength": -0.219433, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.533617, "energy": 8.699154, "activity_lines": [ 49.300667, 49.594727, 49.789357, 49.351161 ] }, { "date": "2024-08-16", "close": 49.32, "volume": 27848, "typical_volume": 55338.3, "trend": 48.712166, "fair_value": 44.632917, "relative_strength": -1.457967, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.095373, "energy": 15.302505, "activity_lines": [ 49.151333, 49.520636, 49.764952, 49.399312 ] }, { "date": "2024-08-23", "close": 50.240002, "volume": 15735, "typical_volume": 53438.3, "trend": 48.827833, "fair_value": 44.654327, "relative_strength": -1.25235, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.672552, "energy": 16.200283, "activity_lines": [ 49.423334, 49.644364, 49.823905, 49.497882 ] }, { "date": "2024-08-30", "close": 50.599998, "volume": 33747, "typical_volume": 53406.1, "trend": 48.9725, "fair_value": 44.677308, "relative_strength": -1.911343, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.096993, "energy": 15.590838, "activity_lines": [ 49.819333, 49.806818, 49.907881, 49.612215 ] }, { "date": "2024-09-06", "close": 48.764999, "volume": 43615, "typical_volume": 53429.6, "trend": 49.0705, "fair_value": 44.694135, "relative_strength": -2.282019, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.279154, "energy": 5.641441, "activity_lines": [ 49.594333, 49.615636, 49.806214, 49.598828 ] }, { "date": "2024-09-13", "close": 49.674999, "volume": 25064, "typical_volume": 53015.8, "trend": 49.174166, "fair_value": 44.718301, "relative_strength": -2.497754, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.027622, "energy": 15.017849, "activity_lines": [ 49.668999, 49.591727, 49.784667, 49.637828 ] }, { "date": "2024-09-20", "close": 50.009998, "volume": 29476, "typical_volume": 53500.5, "trend": 49.291666, "fair_value": 44.742276, "relative_strength": -1.864841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.865494, "energy": 15.116432, "activity_lines": [ 49.765665, 49.64009, 49.787785, 49.691752 ] }, { "date": "2024-09-27", "close": 51.599998, "volume": 24842, "typical_volume": 52395.9, "trend": 49.453833, "fair_value": 44.780288, "relative_strength": -2.546762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.360738, "energy": 34.973982, "activity_lines": [ 50.346332, 49.996272, 49.937999, 49.840677 ] }, { "date": "2024-10-04", "close": 50.599998, "volume": 66853, "typical_volume": 53360.15, "trend": 49.5725, "fair_value": 44.812756, "relative_strength": -2.587021, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.904628, "energy": 39.256765, "activity_lines": [ 50.502998, 50.146999, 49.987499, 49.914623 ] }, { "date": "2024-10-11", "close": 50.439999, "volume": 25291, "typical_volume": 52817.6, "trend": 49.683499, "fair_value": 44.837019, "relative_strength": -4.055229, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.421442, "energy": 41.639263, "activity_lines": [ 50.606332, 50.26609, 50.025095, 49.970591 ] }, { "date": "2024-10-18", "close": 50.669998, "volume": 35680, "typical_volume": 48920.0, "trend": 49.781499, "fair_value": 44.862596, "relative_strength": -4.894796, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.454913, "energy": 44.083134, "activity_lines": [ 50.674665, 50.395544, 50.08888, 50.034236 ] }, { "date": "2024-10-25", "close": 49.945, "volume": 28681, "typical_volume": 46633.3, "trend": 49.832166, "fair_value": 44.882949, "relative_strength": -5.202691, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.837828, "energy": 21.317233, "activity_lines": [ 50.434999, 50.350635, 50.087475, 50.044784 ] }, { "date": "2024-11-01", "close": 49.345001, "volume": 46607, "typical_volume": 40033.8, "trend": 49.867166, "fair_value": 44.894519, "relative_strength": -5.152227, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.314266, "energy": 8.582995, "activity_lines": [ 49.999666, 50.185272, 50.033952, 50.013354 ] }, { "date": "2024-11-08", "close": 49.310001, "volume": 62926, "typical_volume": 40790.25, "trend": 49.900333, "fair_value": 44.90484, "relative_strength": -4.879347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.678631, "energy": 14.139646, "activity_lines": [ 49.703, 50.029818, 49.974357, 49.977408 ] }, { "date": "2024-11-15", "close": 48.884998, "volume": 77017, "typical_volume": 42587.05, "trend": 49.950166, "fair_value": 44.915385, "relative_strength": -5.525619, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.714315, "energy": 37.2938, "activity_lines": [ 49.350666, 49.820545, 49.87519, 49.911903 ] }, { "date": "2024-11-22", "close": 48.950001, "volume": 27194, "typical_volume": 40729.35, "trend": 49.976666, "fair_value": 44.940897, "relative_strength": -5.791678, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.869546, "energy": 49.219702, "activity_lines": [ 49.123667, 49.620909, 49.782118, 49.847376 ] }, { "date": "2024-11-29", "close": 48.945, "volume": 24147, "typical_volume": 39150.8, "trend": 49.9715, "fair_value": 44.96641, "relative_strength": -7.104228, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.221354, "energy": 51.596215, "activity_lines": [ 49.009667, 49.433545, 49.694999, 49.780817 ] }, { "date": "2024-12-06", "close": 50.099998, "volume": 53430, "typical_volume": 39151.05, "trend": 49.959833, "fair_value": 44.994615, "relative_strength": -8.287737, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.847701, "energy": 29.044808, "activity_lines": [ 49.347333, 49.475545, 49.727856, 49.789107 ] }, { "date": "2024-12-13", "close": 50.099998, "volume": 44634, "typical_volume": 38710.85, "trend": 49.919833, "fair_value": 45.024423, "relative_strength": -8.174346, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.314928, "energy": 12.575391, "activity_lines": [ 49.634665, 49.544817, 49.761666, 49.79815 ] }, { "date": "2024-12-20", "close": 48.724998, "volume": 67837, "typical_volume": 40366.2, "trend": 49.832666, "fair_value": 45.038205, "relative_strength": -8.116955, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.938935, "energy": 19.066038, "activity_lines": [ 49.410998, 49.373181, 49.666237, 49.721064 ] }, { "date": "2024-12-27", "close": 49.139999, "volume": 12028, "typical_volume": 38632.6, "trend": 49.754666, "fair_value": 45.050609, "relative_strength": -7.562334, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.002577, "energy": 15.489622, "activity_lines": [ 49.336332, 49.308181, 49.610261, 49.676376 ] }, { "date": "2025-01-03", "close": 49.560001, "volume": 22433, "typical_volume": 38361.85, "trend": 49.706666, "fair_value": 45.060032, "relative_strength": -6.194123, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.970168, "energy": 15.845099, "activity_lines": [ 49.388999, 49.347363, 49.590428, 49.663817 ] }, { "date": "2025-01-10", "close": 48.389999, "volume": 46998, "typical_volume": 39925.0, "trend": 49.693999, "fair_value": 45.062917, "relative_strength": -9.554843, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.814809, "energy": 41.8403, "activity_lines": [ 49.010666, 49.180817, 49.458023, 49.57887 ] }, { "date": "2025-01-17", "close": 50.080002, "volume": 54245, "typical_volume": 40949.9, "trend": 49.713333, "fair_value": 45.083782, "relative_strength": -9.26045, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.249846, "energy": 15.784506, "activity_lines": [ 49.309667, 49.338909, 49.49538, 49.603774 ] }, { "date": "2025-01-24", "close": 50.349998, "volume": 31397, "typical_volume": 40339.0, "trend": 49.762833, "fair_value": 45.111827, "relative_strength": -10.604082, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.970236, "energy": 9.420259, "activity_lines": [ 49.7, 49.53209, 49.560928, 49.644849 ] }, { "date": "2025-01-31", "close": 51.720001, "volume": 36257, "typical_volume": 40898.65, "trend": 49.810166, "fair_value": 45.147692, "relative_strength": -9.361474, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.557791, "energy": 34.838802, "activity_lines": [ 50.438667, 49.947727, 49.749404, 49.771118 ] }, { "date": "2025-02-07", "close": 52.18, "volume": 62577, "typical_volume": 42553.7, "trend": 49.848166, "fair_value": 45.178109, "relative_strength": -8.576862, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.983317, "energy": 65.448036, "activity_lines": [ 51.158667, 50.396636, 49.971952, 49.92401 ] }, { "date": "2025-02-14", "close": 53.330002, "volume": 25193, "typical_volume": 42571.25, "trend": 49.949166, "fair_value": 45.223686, "relative_strength": -9.342921, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.512186, "energy": 81.485775, "activity_lines": [ 52.087334, 50.995818, 50.29369, 50.148645 ] }, { "date": "2025-02-21", "close": 53.380001, "volume": 46038, "typical_volume": 41530.5, "trend": 50.0465, "fair_value": 45.278846, "relative_strength": -8.153458, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.712283, "energy": 84.768324, "activity_lines": [ 52.703334, 51.545364, 50.611952, 50.369989 ] }, { "date": "2025-02-28", "close": 53.639999, "volume": 53889, "typical_volume": 42960.4, "trend": 50.210833, "fair_value": 45.359551, "relative_strength": -8.613068, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.730558, "energy": 85.375312, "activity_lines": [ 53.186, 52.082546, 50.941738, 50.601828 ] }, { "date": "2025-03-07", "close": 54.34, "volume": 96622, "typical_volume": 46007.5, "trend": 50.411166, "fair_value": 45.432276, "relative_strength": -9.073982, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.270957, "energy": 85.968142, "activity_lines": [ 53.682667, 52.657637, 51.322952, 50.868226 ] }, { "date": "2025-03-14", "close": 54.040001, "volume": 52014, "typical_volume": 47174.15, "trend": 50.5685, "fair_value": 45.489872, "relative_strength": -9.303917, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.099271, "energy": 73.901527, "activity_lines": [ 53.904667, 53.083637, 51.658119, 51.102344 ] }, { "date": "2025-03-21", "close": 54.43, "volume": 60119, "typical_volume": 47849.75, "trend": 50.708166, "fair_value": 45.549711, "relative_strength": -8.103389, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.725244, "energy": 67.637986, "activity_lines": [ 54.132667, 53.499091, 52.010929, 51.351473 ] }, { "date": "2025-03-28", "close": 53.470001, "volume": 72409, "typical_volume": 48323.9, "trend": 50.803833, "fair_value": 45.602404, "relative_strength": -7.83221, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.900276, "energy": 53.463479, "activity_lines": [ 53.967334, 53.630182, 52.248095, 51.529656 ] }, { "date": "2025-04-04", "close": 48.48, "volume": 46841, "typical_volume": 46815.1, "trend": 50.794333, "fair_value": 45.623237, "relative_strength": -8.856902, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.187969, "energy": 11.552824, "activity_lines": [ 52.132667, 52.792364, 51.990214, 51.379731 ] }, { "date": "2025-04-11", "close": 48.224998, "volume": 77552, "typical_volume": 49333.0, "trend": 50.746, "fair_value": 45.639936, "relative_strength": -7.920276, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.470885, "energy": 25.224462, "activity_lines": [ 50.557, 51.942182, 51.709976, 51.213968 ] }, { "date": "2025-04-18", "close": 50.529999, "volume": 23773, "typical_volume": 49314.3, "trend": 50.763333, "fair_value": 45.671891, "relative_strength": -7.102638, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.685267, "energy": 27.659351, "activity_lines": [ 50.157333, 51.574636, 51.652714, 51.200032 ] }, { "date": "2025-04-25", "close": 52.259998, "volume": 61391, "typical_volume": 49712.35, "trend": 50.785333, "fair_value": 45.718301, "relative_strength": -8.19186, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -6.31923, "energy": 23.375983, "activity_lines": [ 50.568332, 51.551636, 51.752666, 51.296591 ] }, { "date": "2025-05-02", "close": 54.139999, "volume": 25126, "typical_volume": 48736.95, "trend": 50.903333, "fair_value": 45.790513, "relative_strength": -8.102934, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.311967, "energy": 17.833716, "activity_lines": [ 51.750665, 51.889908, 52.021381, 51.513021 ] }, { "date": "2025-05-09", "close": 55.029999, "volume": 27779, "typical_volume": 46734.05, "trend": 51.056333, "fair_value": 45.867019, "relative_strength": -7.992936, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.769578, "energy": 41.072111, "activity_lines": [ 53.184999, 52.376181, 52.355619, 51.779258 ] }, { "date": "2025-05-16", "close": 56.02, "volume": 56884, "typical_volume": 48976.85, "trend": 51.234666, "fair_value": 45.946314, "relative_strength": -7.123636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.536927, "energy": 67.258327, "activity_lines": [ 54.512666, 53.017181, 52.754119, 52.099494 ] }, { "date": "2025-05-23", "close": 55.939999, "volume": 40599, "typical_volume": 49885.15, "trend": 51.4345, "fair_value": 46.016282, "relative_strength": -6.446501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.256188, "energy": 73.838407, "activity_lines": [ 55.293999, 53.61309, 53.112238, 52.403064 ] }, { "date": "2025-05-30", "close": 56.990002, "volume": 23718, "typical_volume": 48721.15, "trend": 51.689333, "fair_value": 46.095673, "relative_strength": -5.859634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.376468, "energy": 78.821165, "activity_lines": [ 56.064667, 54.365363, 53.539976, 52.761484 ] }, { "date": "2025-06-06", "close": 57.279999, "volume": 39126, "typical_volume": 47965.2, "trend": 51.955, "fair_value": 46.188814, "relative_strength": -6.296052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.207581, "energy": 79.495958, "activity_lines": [ 56.616667, 55.123818, 53.954381, 53.122172 ] }, { "date": "2025-06-13", "close": 56.75, "volume": 140996, "typical_volume": 53445.15, "trend": 52.217166, "fair_value": 46.292917, "relative_strength": -3.833729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.512947, "energy": 70.959119, "activity_lines": [ 56.782667, 55.716636, 54.284023, 53.431527 ] }, { "date": "2025-06-20", "close": 56.240002, "volume": 69092, "typical_volume": 55086.9, "trend": 52.460166, "fair_value": 46.393109, "relative_strength": -3.788221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.121047, "energy": 57.578269, "activity_lines": [ 56.664001, 56.066364, 54.534619, 53.691064 ] }, { "date": "2025-06-27", "close": 57.709999, "volume": 49496, "typical_volume": 54432.85, "trend": 52.752333, "fair_value": 46.510833, "relative_strength": -3.872204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.718633, "energy": 52.213441, "activity_lines": [ 57.020667, 56.537636, 54.90369, 54.029763 ] }, { "date": "2025-07-04", "close": 57.75, "volume": 80710, "typical_volume": 57208.7, "trend": 53.007333, "fair_value": 46.623077, "relative_strength": -2.590637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.334098, "energy": 55.63056, "activity_lines": [ 57.272667, 56.885636, 55.250238, 54.352193 ] }, { "date": "2025-07-11", "close": 58.669998, "volume": 68778, "typical_volume": 58345.7, "trend": 53.293, "fair_value": 46.74532, "relative_strength": -2.719855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.675775, "energy": 77.512588, "activity_lines": [ 57.780666, 57.301091, 55.663357, 54.717527 ] }, { "date": "2025-07-18", "close": 58.900002, "volume": 65840, "typical_volume": 58943.25, "trend": 53.632167, "fair_value": 46.858526, "relative_strength": -2.216525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.244318, "energy": 85.973845, "activity_lines": [ 58.272667, 57.676, 56.07319, 55.079269 ] }, { "date": "2025-07-25", "close": 58.919998, "volume": 51099, "typical_volume": 56667.1, "trend": 53.958167, "fair_value": 46.96516, "relative_strength": -1.658485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.651094, "energy": 85.94389, "activity_lines": [ 58.627999, 57.984182, 56.459881, 55.420419 ] }, { "date": "2025-08-01", "close": 57.349998, "volume": 56668, "typical_volume": 56899.8, "trend": 54.217833, "fair_value": 47.062596, "relative_strength": -0.80571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.970079, "energy": 67.594947, "activity_lines": [ 58.281332, 57.954181, 56.675238, 55.639247 ] }, { "date": "2025-08-08", "close": 58.900002, "volume": 85355, "typical_volume": 58161.6, "trend": 54.568167, "fair_value": 47.164231, "relative_strength": -1.008447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.800431, "energy": 57.28578, "activity_lines": [ 58.475333, 58.180363, 57.022452, 55.941322 ] }, { "date": "2025-08-15", "close": 59.0, "volume": 54526, "typical_volume": 57267.45, "trend": 54.8655, "fair_value": 47.274872, "relative_strength": -1.43242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.124198, "energy": 54.480922, "activity_lines": [ 58.626, 58.39, 57.357905, 56.227247 ] }, { "date": "2025-08-22", "close": 60.150002, "volume": 50590, "typical_volume": 57454.9, "trend": 55.192167, "fair_value": 47.401923, "relative_strength": 0.652296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.260897, "energy": 60.418947, "activity_lines": [ 59.138001, 58.777455, 57.776548, 56.568183 ] }, { "date": "2025-08-29", "close": 58.599998, "volume": 50674, "typical_volume": 56111.0, "trend": 55.4215, "fair_value": 47.522788, "relative_strength": 0.125659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.107158, "energy": 53.140792, "activity_lines": [ 59.05, 58.821273, 57.992, 56.788043 ] }, { "date": "2025-09-05", "close": 57.950001, "volume": 74554, "typical_volume": 58650.05, "trend": 55.613833, "fair_value": 47.635449, "relative_strength": 0.460458, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.418806, "energy": 44.297265, "activity_lines": [ 58.766667, 58.704, 58.096143, 56.951172 ] }, { "date": "2025-09-12", "close": 58.709999, "volume": 42622, "typical_volume": 57711.6, "trend": 55.793166, "fair_value": 47.760737, "relative_strength": 1.48645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.193642, "energy": 36.417101, "activity_lines": [ 58.696666, 58.720545, 58.237333, 57.150925 ] }, { "date": "2025-09-19", "close": 58.720001, "volume": 63911, "typical_volume": 59650.85, "trend": 55.971166, "fair_value": 47.899166, "relative_strength": 1.906475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.587903, "energy": 26.837393, "activity_lines": [ 58.642667, 58.721455, 58.348762, 57.339753 ] }, { "date": "2025-09-26", "close": 58.689999, "volume": 40885, "typical_volume": 60306.15, "trend": 56.1395, "fair_value": 48.045384, "relative_strength": 1.567316, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.991264, "energy": 24.541779, "activity_lines": [ 58.597333, 58.716, 58.435524, 57.515161 ] }, { "date": "2025-10-03", "close": 60.119999, "volume": 93335, "typical_volume": 62128.7, "trend": 56.332166, "fair_value": 48.198141, "relative_strength": 1.458024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.963005, "energy": 42.190852, "activity_lines": [ 59.126, 58.974363, 58.641047, 57.771968 ] }, { "date": "2025-10-10", "close": 59.169998, "volume": 88161, "typical_volume": 64506.8, "trend": 56.503166, "fair_value": 48.344199, "relative_strength": 0.549932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.52272, "energy": 37.372745, "activity_lines": [ 59.236666, 59.038181, 58.736571, 57.955053 ] }, { "date": "2025-10-17", "close": 58.959999, "volume": 106735, "typical_volume": 68657.65, "trend": 56.654166, "fair_value": 48.484327, "relative_strength": 2.002513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.773718, "energy": 34.454157, "activity_lines": [ 59.195999, 59.030727, 58.796714, 58.113559 ] }, { "date": "2025-10-24", "close": 60.540001, "volume": 60565, "typical_volume": 69729.6, "trend": 56.889833, "fair_value": 48.625224, "relative_strength": 3.025166, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.490072, "energy": 45.658645, "activity_lines": [ 59.665333, 59.309454, 58.997952, 58.364258 ] }, { "date": "2025-10-31", "close": 59.889999, "volume": 73686, "typical_volume": 66364.1, "trend": 57.270166, "fair_value": 48.757436, "relative_strength": 3.168423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.740685, "energy": 38.915773, "activity_lines": [ 59.796666, 59.441999, 59.121762, 58.557817 ] }, { "date": "2025-11-07", "close": 58.27, "volume": 109534, "typical_volume": 68386.2, "trend": 57.605, "fair_value": 48.864519, "relative_strength": 2.107724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.375631, "energy": 25.313726, "activity_lines": [ 59.308, 59.284727, 59.076333, 58.622322 ] }, { "date": "2025-11-14", "close": 58.919998, "volume": 70347, "typical_volume": 69428.75, "trend": 57.884666, "fair_value": 48.978622, "relative_strength": 1.983323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.404591, "energy": 20.356453, "activity_lines": [ 59.159333, 59.251636, 59.083142, 58.707161 ] }, { "date": "2025-11-21", "close": 57.59, "volume": 99115, "typical_volume": 70349.0, "trend": 58.062333, "fair_value": 49.07859, "relative_strength": 3.100759, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.001957, "energy": 10.889585, "activity_lines": [ 58.583999, 58.95909, 58.957523, 58.68815 ] }, { "date": "2025-11-28", "close": 60.189999, "volume": 53351, "typical_volume": 69577.65, "trend": 58.264, "fair_value": 49.194231, "relative_strength": 4.362035, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.362939, "energy": 20.186555, "activity_lines": [ 58.966666, 59.159636, 59.080285, 58.825419 ] }, { "date": "2025-12-05", "close": 60.490002, "volume": 81405, "typical_volume": 70355.9, "trend": 58.446, "fair_value": 49.316442, "relative_strength": 3.997588, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.381407, "energy": 25.895145, "activity_lines": [ 59.472667, 59.388, 59.224381, 58.969032 ] }, { "date": "2025-12-12", "close": 60.189999, "volume": 106386, "typical_volume": 73120.25, "trend": 58.585, "fair_value": 49.445224, "relative_strength": 2.777031, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.800229, "energy": 33.199155, "activity_lines": [ 59.838667, 59.529091, 59.332333, 59.081548 ] }, { "date": "2025-12-19", "close": 61.34, "volume": 196777, "typical_volume": 80125.7, "trend": 58.765, "fair_value": 49.577596, "relative_strength": 4.239045, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.885551, "energy": 60.718634, "activity_lines": [ 60.46, 59.878, 59.543762, 59.25929 ] }, { "date": "2025-12-26", "close": 61.299999, "volume": 51600, "typical_volume": 78437.95, "trend": 58.908666, "fair_value": 49.708846, "relative_strength": 3.900858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.877766, "energy": 64.795644, "activity_lines": [ 60.906666, 60.180181, 59.732381, 59.422838 ] }, { "date": "2026-01-02", "close": 62.540001, "volume": 117886, "typical_volume": 81605.95, "trend": 59.084, "fair_value": 49.833269, "relative_strength": 5.092697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.334301, "energy": 74.103749, "activity_lines": [ 61.519333, 60.665273, 60.027666, 59.657118 ] }, { "date": "2026-01-09", "close": 64.029999, "volume": 224076, "typical_volume": 90280.25, "trend": 59.326666, "fair_value": 49.961602, "relative_strength": 4.403379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.456095, "energy": 83.583092, "activity_lines": [ 62.472, 61.384909, 60.448, 59.976215 ] }, { "date": "2026-01-16", "close": 64.339996, "volume": 187823, "typical_volume": 97137.7, "trend": 59.596666, "fair_value": 50.09, "relative_strength": 4.63933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.113488, "energy": 86.886996, "activity_lines": [ 63.291998, 62.085635, 60.87938, 60.299655 ] }, { "date": "2026-01-23", "close": 64.720001, "volume": 209457, "typical_volume": 103882.85, "trend": 59.830333, "fair_value": 50.217115, "relative_strength": 6.725529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.786608, "energy": 87.58426, "activity_lines": [ 63.961999, 62.74509, 61.319618, 60.630193 ] }, { "date": "2026-01-30", "close": 64.589996, "volume": 194068, "typical_volume": 111455.15, "trend": 60.058333, "fair_value": 50.340384, "relative_strength": 7.86711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.088644, "energy": 86.97092, "activity_lines": [ 64.363331, 63.275453, 61.715237, 60.937268 ] }, { "date": "2026-02-06", "close": 65.330002, "volume": 142498, "typical_volume": 115384.5, "trend": 60.280333, "fair_value": 50.471025, "relative_strength": 8.085912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.679371, "energy": 87.894235, "activity_lines": [ 64.791999, 63.81309, 62.153333, 61.277376 ] }, { "date": "2026-02-13", "close": 65.68, "volume": 207274, "typical_volume": 123703.95, "trend": 60.506333, "fair_value": 50.600032, "relative_strength": 7.595109, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.534907, "energy": 84.108273, "activity_lines": [ 65.151333, 64.320908, 62.593285, 61.625741 ] }, { "date": "2026-02-20", "close": 66.220001, "volume": 144607, "typical_volume": 126267.55, "trend": 60.749666, "fair_value": 50.736025, "relative_strength": 6.804881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.640019, "energy": 84.971086, "activity_lines": [ 65.580667, 64.832545, 63.051381, 61.994365 ] }, { "date": "2026-02-27", "close": 66.370003, "volume": 225610, "typical_volume": 133140.0, "trend": 61.050333, "fair_value": 50.866058, "relative_strength": 6.740963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.431678, "energy": 85.226855, "activity_lines": [ 65.934668, 65.261818, 63.494714, 62.356968 ] }, { "date": "2026-03-06", "close": 62.860001, "volume": 249382, "typical_volume": 140272.35, "trend": 61.182333, "fair_value": 50.983558, "relative_strength": 8.095993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.467071, "energy": 52.926072, "activity_lines": [ 65.008668, 64.961455, 63.569476, 62.47372 ] }, { "date": "2026-03-13", "close": 61.16, "volume": 151726, "typical_volume": 144830.4, "trend": 61.254333, "fair_value": 51.106955, "relative_strength": 5.605222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.59116, "energy": 19.188507, "activity_lines": [ 63.631334, 64.323637, 63.463762, 62.472279 ] }, { "date": "2026-03-20", "close": 58.799999, "volume": 162120, "typical_volume": 149252.1, "trend": 61.209333, "fair_value": 51.216795, "relative_strength": 6.164895, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -7.947229, "energy": 27.394004, "activity_lines": [ 61.745334, 63.281819, 63.130333, 62.313935 ] }, { "date": "2026-03-27", "close": 59.240002, "volume": 358076, "typical_volume": 161679.2, "trend": 61.230666, "fair_value": 51.318718, "relative_strength": 7.110703, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.616451, "energy": 43.914423, "activity_lines": [ 60.464667, 62.415092, 62.844, 62.186882 ] }, { "date": "2026-04-03", "close": 61.130001, "volume": 161356, "typical_volume": 166229.65, "trend": 61.336666, "fair_value": 51.435032, "relative_strength": 6.151578, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.11254, "energy": 38.99643, "activity_lines": [ 60.279334, 61.984728, 62.733048, 62.180387 ] }, { "date": "2026-04-10", "close": 63.59, "volume": 101037, "typical_volume": 166325.75, "trend": 61.499333, "fair_value": 51.559487, "relative_strength": 7.22109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.029782, "energy": 24.698297, "activity_lines": [ 61.263334, 62.06691, 62.845857, 62.325764 ] }, { "date": "2026-04-17", "close": 65.800003, "volume": 111140, "typical_volume": 169215.2, "trend": 61.735333, "fair_value": 51.698429, "relative_strength": 6.681571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.337486, "energy": 21.103694, "activity_lines": [ 62.935335, 62.569092, 63.140572, 62.603226 ] }, { "date": "2026-04-24", "close": 64.0, "volume": 61922, "typical_volume": 168241.05, "trend": 61.912333, "fair_value": 51.824359, "relative_strength": 5.981244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.309927, "energy": 30.282152, "activity_lines": [ 63.698001, 62.735455, 63.237143, 62.749334 ] }, { "date": "2026-05-01", "close": 64.529999, "volume": 44049, "typical_volume": 165124.2, "trend": 62.059333, "fair_value": 51.955833, "relative_strength": 5.886832, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.295337, "energy": 37.708828, "activity_lines": [ 64.290667, 63.028728, 63.367477, 62.918215 ] }, { "date": "2026-05-08", "close": 65.599998, "volume": 86041, "typical_volume": 159587.4, "trend": 62.273667, "fair_value": 52.094583, "relative_strength": 7.14766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.635266, "energy": 42.930243, "activity_lines": [ 64.887333, 63.547273, 63.579048, 63.146645 ] }, { "date": "2026-05-15", "close": 65.059998, "volume": 55104, "typical_volume": 159762.6, "trend": 62.477, "fair_value": 52.227468, "relative_strength": 7.69152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.540841, "energy": 54.461009, "activity_lines": [ 65.005999, 63.981636, 63.718905, 63.326409 ] }, { "date": "2026-05-22", "close": 66.980003, "volume": 71774, "typical_volume": 157457.0, "trend": 62.691667, "fair_value": 52.379295, "relative_strength": 6.428472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.661299, "energy": 61.346203, "activity_lines": [ 65.666667, 64.725091, 64.023715, 63.616925 ] }, { "date": "2026-05-29", "close": 67.620003, "volume": 69261, "typical_volume": 149716.25, "trend": 62.949333, "fair_value": 52.530256, "relative_strength": 6.26281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.977086, "energy": 65.74166, "activity_lines": [ 66.462001, 65.479092, 64.368334, 63.934882 ] }, { "date": "2026-06-05", "close": 66.68, "volume": 13826, "typical_volume": 141016.4, "trend": 63.229667, "fair_value": 52.674006, "relative_strength": 5.978015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.921677, "energy": 62.237251, "activity_lines": [ 66.702668, 65.901819, 64.606334, 64.17557 ] }, { "date": "2026-06-12", "close": 67.279999, "volume": 8708, "typical_volume": 130978.95, "trend": 63.508333, "fair_value": 52.819231, "relative_strength": 7.210925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.105511, "energy": 67.482678, "activity_lines": [ 67.000001, 66.298364, 64.890334, 64.436882 ] }, { "date": "2026-06-19", "close": 66.760002, "volume": 16436, "typical_volume": 122097.35, "trend": 63.814, "fair_value": 52.972981, "relative_strength": 4.681734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.061207, "energy": 61.877108, "activity_lines": [ 67.012001, 66.488546, 65.11262, 64.646667 ] }, { "date": "2026-06-26", "close": 66.160004, "volume": 10641, "typical_volume": 115504.5, "trend": 64.013, "fair_value": 53.117981, "relative_strength": 4.842292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.069244, "energy": 43.683312, "activity_lines": [ 66.710669, 66.512001, 65.267429, 64.798022 ] }, { "date": "2026-07-03", "close": 67.879997, "volume": 7926, "typical_volume": 105537.1, "trend": 64.259334, "fair_value": 53.276538, "relative_strength": 2.785554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.067886, "energy": 49.078462, "activity_lines": [ 67.037334, 66.841637, 65.582096, 65.047506 ] }, { "date": "2026-07-10", "close": 67.110001, "volume": 47585, "typical_volume": 100686.0, "trend": 64.49, "fair_value": 53.42157, "relative_strength": 4.304584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.084354, "energy": 40.758077, "activity_lines": [ 67.090001, 66.960728, 65.812953, 65.23142 ] }, { "date": "2026-07-17", "close": 68.209999, "volume": 163363, "typical_volume": 97573.65, "trend": 64.719, "fair_value": 53.571955, "relative_strength": 6.764672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.046512, "energy": 55.360832, "activity_lines": [ 67.480667, 67.23291, 66.144334, 65.47142 ] }, { "date": "2026-07-24", "close": 68.559998, "volume": 77237, "typical_volume": 88966.4, "trend": 64.961, "fair_value": 53.72125, "relative_strength": 5.930125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.493735, "energy": 71.356156, "activity_lines": [ 67.925999, 67.521273, 66.500286, 65.719226 ] }, { "date": "2026-07-31", "close": 69.540001, "volume": 108405, "typical_volume": 86800.35, "trend": 65.194334, "fair_value": 53.880609, "relative_strength": 5.013729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.837236, "energy": 78.257887, "activity_lines": [ 68.578, 67.924182, 66.922429, 66.014645 ] }, { "date": "2026-08-07", "close": 71.110001, "volume": 98469, "typical_volume": 83617.8, "trend": 65.430334, "fair_value": 54.052788, "relative_strength": 4.363325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.258252, "energy": 92.026765, "activity_lines": [ 69.528, 68.566, 67.454191, 66.396301 ] } ], "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." } } }