{ "ticker": { "uuid": "af390019-7f11-4b27-8cde-fea50cb2faa6", "symbol": "FCOR", "name": "FIDELITY MERRIMACK STREET TRUST CORPORATE BD ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 56.269, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.614, "architecture_energy": 66.133, "architecture_maturity": 4.74, "architecture_confidence": 85.628, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 26.85, "rotation_up": 9.49, "upward_expansion": 14.85, "deceleration": 37.21, "rotation_down": 69.36, "downward_expansion": 88.19 }, "activity_lines": [ 46.376068, 46.571314, 46.725105, 46.802855 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 46.49, "trend_reference": 46.924335, "distance_from_trend": -0.009256, "trend_direction": "Weakening", "fair_value": 44.10869, "distance_from_fair_value": 0.053987, "fair_value_direction": "Weakening", "relative_strength": -11.630383, "relative_strength_direction": "Weakening", "price_momentum": -0.01544, "excess_performance": -0.141065, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.009256, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.001242, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.053987, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.025194, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.116304, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01604, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.01544, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.817421, "read": "Supply-led" } ], "volume": { "latest": 123476, "relative_activity": 0.696143, "balance": 0.817421, "dry_up": 1.045364, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.009363, "annualized_volatility": 0.049304, "from_high_reference": -0.027015, "from_low_reference": 0.019927 }, "levels": { "trend_reference": 46.924335, "fair_value_reference": 44.10869, "structural_low": 46.044925, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.00737, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.016788, "regime_survival": 0.75, "best_return": 0.051783, "worst_return": -0.051407, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.009548, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.017604, "regime_survival": 0.5, "best_return": 0.091749, "worst_return": -0.090042, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.028489, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.013047, "regime_survival": 0.25, "best_return": 0.085841, "worst_return": -0.117759, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.078085, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.085173, "regime_survival": 0.0, "best_return": 0.154788, "worst_return": -0.10911, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-02-23", "tenure": "Developing", "return": -0.013016, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-01", "end": "2024-03-08", "tenure": "New", "return": 0.008318, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-04-26", "tenure": "Developing", "return": -0.01577, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-06-14", "tenure": "Developing", "return": 0.022022, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-10-18", "tenure": "Established", "return": 0.039518, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": -0.008349, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.01267, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.004094, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.015122, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.021853, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-06-20", "tenure": "Developing", "return": 0.023599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2026-04-17", "tenure": "Extended", "return": 0.046838, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-07-24", "tenure": "Established", "return": -0.021918, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.006277, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 39.415899, "volume": 138270, "typical_volume": 113928.9, "trend": 40.0084, "fair_value": 42.865554, "relative_strength": -7.889152, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.221482, "energy": 39.938527, "activity_lines": [ 39.767373, 39.935067, 39.988741, 40.006019 ] }, { "date": "2023-08-25", "close": 39.645626, "volume": 279067, "typical_volume": 123511.85, "trend": 39.983292, "fair_value": 42.829932, "relative_strength": -7.898581, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.125224, "energy": 45.078214, "activity_lines": [ 39.667945, 39.866177, 39.948445, 39.982614 ] }, { "date": "2023-09-01", "close": 39.8288, "volume": 146883, "typical_volume": 125933.55, "trend": 39.956483, "fair_value": 42.793775, "relative_strength": -9.533102, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.10469, "energy": 37.194564, "activity_lines": [ 39.683275, 39.839879, 39.930446, 39.972647 ] }, { "date": "2023-09-08", "close": 39.691398, "volume": 261465, "typical_volume": 133462.6, "trend": 39.952276, "fair_value": 42.756166, "relative_strength": -8.533934, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.405778, "energy": 35.332341, "activity_lines": [ 39.68006, 39.794556, 39.901573, 39.955545 ] }, { "date": "2023-09-15", "close": 39.562861, "volume": 115304, "typical_volume": 134766.25, "trend": 39.951301, "fair_value": 42.717526, "relative_strength": -8.475681, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.94285, "energy": 35.56989, "activity_lines": [ 39.651563, 39.736394, 39.862681, 39.930421 ] }, { "date": "2023-09-22", "close": 39.341245, "volume": 107650, "typical_volume": 132967.7, "trend": 39.955374, "fair_value": 42.679124, "relative_strength": -5.974497, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.567929, "energy": 38.571885, "activity_lines": [ 39.555673, 39.639915, 39.807201, 39.891063 ] }, { "date": "2023-09-29", "close": 38.874137, "volume": 151717, "typical_volume": 137432.75, "trend": 39.936045, "fair_value": 42.637717, "relative_strength": -6.157645, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.778276, "energy": 61.300509, "activity_lines": [ 39.309056, 39.475404, 39.711559, 39.821306 ] }, { "date": "2023-10-06", "close": 38.29605, "volume": 292456, "typical_volume": 141658.05, "trend": 39.891131, "fair_value": 42.592396, "relative_strength": -7.707106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.867711, "energy": 81.688559, "activity_lines": [ 38.921177, 39.234459, 39.567075, 39.7155 ] }, { "date": "2023-10-13", "close": 38.802987, "volume": 152174, "typical_volume": 145065.85, "trend": 39.860583, "fair_value": 42.548819, "relative_strength": -6.633869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.429623, "energy": 77.648309, "activity_lines": [ 38.80446, 39.120985, 39.477229, 39.645297 ] }, { "date": "2023-10-20", "close": 37.975878, "volume": 214733, "typical_volume": 153545.85, "trend": 39.788252, "fair_value": 42.501238, "relative_strength": -6.216131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.005438, "energy": 88.572074, "activity_lines": [ 38.471267, 38.878072, 39.312338, 39.523703 ] }, { "date": "2023-10-27", "close": 38.246245, "volume": 131745, "typical_volume": 156798.55, "trend": 39.721325, "fair_value": 42.45638, "relative_strength": -3.054247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.467321, "energy": 83.266727, "activity_lines": [ 38.333996, 38.714937, 39.182869, 39.424218 ] }, { "date": "2023-11-03", "close": 39.138806, "volume": 240256, "typical_volume": 164895.5, "trend": 39.670475, "fair_value": 42.412818, "relative_strength": -6.082539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.641547, "energy": 50.210344, "activity_lines": [ 38.567245, 38.735352, 39.146039, 39.386637 ] }, { "date": "2023-11-10", "close": 39.138806, "volume": 224543, "typical_volume": 168702.3, "trend": 39.63199, "fair_value": 42.369985, "relative_strength": -7.187751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.20218, "energy": 36.6551, "activity_lines": [ 38.782849, 38.764982, 39.114055, 39.352335 ] }, { "date": "2023-11-17", "close": 39.826078, "volume": 355846, "typical_volume": 179779.55, "trend": 39.620923, "fair_value": 42.328435, "relative_strength": -7.497256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.438079, "energy": 16.708979, "activity_lines": [ 39.17136, 38.932116, 39.152371, 39.364857 ] }, { "date": "2023-11-24", "close": 39.959962, "volume": 227943, "typical_volume": 180314.4, "trend": 39.602528, "fair_value": 42.287007, "relative_strength": -7.908005, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.012389, "energy": 22.830811, "activity_lines": [ 39.536293, 39.121143, 39.205555, 39.386731 ] }, { "date": "2023-12-01", "close": 40.78897, "volume": 279527, "typical_volume": 189706.2, "trend": 39.620519, "fair_value": 42.251967, "relative_strength": -6.584895, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 41.71333, "energy": 43.829502, "activity_lines": [ 40.04529, 39.45368, 39.336319, 39.463275 ] }, { "date": "2023-12-08", "close": 40.914337, "volume": 294882, "typical_volume": 200356.45, "trend": 39.645023, "fair_value": 42.216212, "relative_strength": -6.26748, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.5252, "energy": 63.554881, "activity_lines": [ 40.426561, 39.782688, 39.476554, 39.546747 ] }, { "date": "2023-12-15", "close": 42.033683, "volume": 288622, "typical_volume": 204932.0, "trend": 39.725105, "fair_value": 42.187528, "relative_strength": -5.653299, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 62.404655, "energy": 79.772322, "activity_lines": [ 41.062578, 40.278119, 39.721187, 39.700855 ] }, { "date": "2023-12-22", "close": 42.029206, "volume": 161438, "typical_volume": 207850.35, "trend": 39.806555, "fair_value": 42.157871, "relative_strength": -6.237266, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 83.60021, "energy": 91.415951, "activity_lines": [ 41.504112, 40.704779, 39.956842, 39.849506 ] }, { "date": "2023-12-29", "close": 42.247894, "volume": 110974, "typical_volume": 208774.75, "trend": 39.881245, "fair_value": 42.128253, "relative_strength": -5.809323, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.417212, "energy": 91.968829, "activity_lines": [ 41.871666, 41.112542, 40.203446, 40.007012 ] }, { "date": "2024-01-05", "close": 41.668294, "volume": 326555, "typical_volume": 218189.0, "trend": 39.941884, "fair_value": 42.099119, "relative_strength": -5.350263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.739042, "energy": 86.71121, "activity_lines": [ 41.893491, 41.337251, 40.382527, 40.122305 ] }, { "date": "2024-01-12", "close": 42.06368, "volume": 233649, "typical_volume": 215918.1, "trend": 40.005457, "fair_value": 42.071941, "relative_strength": -5.93175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.550207, "energy": 83.283419, "activity_lines": [ 41.98849, 41.571628, 40.588538, 40.259195 ] }, { "date": "2024-01-19", "close": 41.659308, "volume": 163307, "typical_volume": 216739.3, "trend": 40.055551, "fair_value": 42.042592, "relative_strength": -7.622758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.564347, "energy": 60.774187, "activity_lines": [ 41.872076, 41.679304, 40.744523, 40.365896 ] }, { "date": "2024-01-26", "close": 41.803085, "volume": 127913, "typical_volume": 210061.7, "trend": 40.106635, "fair_value": 42.014633, "relative_strength": -7.960548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.254123, "energy": 54.399021, "activity_lines": [ 41.828545, 41.767294, 40.905484, 40.47864 ] }, { "date": "2024-02-02", "close": 42.184866, "volume": 199212, "typical_volume": 214257.1, "trend": 40.19041, "fair_value": 41.989438, "relative_strength": -8.144932, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.613698, "energy": 58.780661, "activity_lines": [ 41.92735, 41.888753, 41.09275, 40.612719 ] }, { "date": "2024-02-09", "close": 41.734077, "volume": 239249, "typical_volume": 220837.05, "trend": 40.239194, "fair_value": 41.961983, "relative_strength": -10.074214, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.36221, "energy": 46.473155, "activity_lines": [ 41.880093, 41.887797, 41.224598, 40.71231 ] }, { "date": "2024-02-16", "close": 41.544745, "volume": 142892, "typical_volume": 220395.8, "trend": 40.275648, "fair_value": 41.935956, "relative_strength": -9.888612, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.271304, "energy": 43.915948, "activity_lines": [ 41.765341, 41.835234, 41.327019, 40.79654 ] }, { "date": "2024-02-23", "close": 41.698014, "volume": 98116, "typical_volume": 210678.8, "trend": 40.324328, "fair_value": 41.913533, "relative_strength": -10.700013, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.342899, "energy": 39.451903, "activity_lines": [ 41.736273, 41.799076, 41.431321, 40.888305 ] }, { "date": "2024-03-01", "close": 41.871994, "volume": 103139, "typical_volume": 208227.05, "trend": 40.388232, "fair_value": 41.895807, "relative_strength": -10.876188, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.830329, "energy": 36.704897, "activity_lines": [ 41.762619, 41.800653, 41.535992, 40.988155 ] }, { "date": "2024-03-08", "close": 42.220286, "volume": 91049, "typical_volume": 202042.85, "trend": 40.473574, "fair_value": 41.88216, "relative_strength": -9.522487, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.219217, "energy": 46.986614, "activity_lines": [ 41.900468, 41.868415, 41.65922, 41.106352 ] }, { "date": "2024-03-15", "close": 41.777005, "volume": 109895, "typical_volume": 200950.35, "trend": 40.552277, "fair_value": 41.866046, "relative_strength": -10.016181, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.929681, "energy": 44.730185, "activity_lines": [ 41.888195, 41.856083, 41.720019, 41.190444 ] }, { "date": "2024-03-22", "close": 42.120774, "volume": 94179, "typical_volume": 193646.5, "trend": 40.634782, "fair_value": 41.850315, "relative_strength": -10.840354, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.956067, "energy": 48.938883, "activity_lines": [ 41.98765, 41.904277, 41.796744, 41.291637 ] }, { "date": "2024-03-29", "close": 42.211113, "volume": 57525, "typical_volume": 185295.6, "trend": 40.714193, "fair_value": 41.833196, "relative_strength": -10.605337, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.590559, "energy": 50.282998, "activity_lines": [ 42.078816, 41.967858, 41.867874, 41.393336 ] }, { "date": "2024-04-05", "close": 41.75723, "volume": 134397, "typical_volume": 174223.15, "trend": 40.783054, "fair_value": 41.812501, "relative_strength": -10.387942, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.15012, "energy": 38.794562, "activity_lines": [ 41.984481, 41.938883, 41.881146, 41.460629 ] }, { "date": "2024-04-12", "close": 41.403201, "volume": 99900, "typical_volume": 167821.0, "trend": 40.844399, "fair_value": 41.788692, "relative_strength": -9.47942, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.964659, "energy": 18.524144, "activity_lines": [ 41.779788, 41.846372, 41.851506, 41.500638 ] }, { "date": "2024-04-19", "close": 41.103638, "volume": 186227, "typical_volume": 163156.0, "trend": 40.903145, "fair_value": 41.762013, "relative_strength": -6.970466, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -2.979308, "energy": 11.75695, "activity_lines": [ 41.529712, 41.713607, 41.786463, 41.517363 ] }, { "date": "2024-04-26", "close": 41.118162, "volume": 88294, "typical_volume": 152826.6, "trend": 40.977946, "fair_value": 41.736191, "relative_strength": -8.984703, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -4.789526, "energy": 22.393359, "activity_lines": [ 41.329369, 41.594946, 41.721305, 41.531235 ] }, { "date": "2024-05-03", "close": 41.728603, "volume": 75523, "typical_volume": 142171.65, "trend": 41.092364, "fair_value": 41.712855, "relative_strength": -7.834912, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.237556, "energy": 20.365335, "activity_lines": [ 41.399347, 41.595029, 41.713314, 41.579665 ] }, { "date": "2024-05-10", "close": 41.70127, "volume": 67600, "typical_volume": 137479.75, "trend": 41.188974, "fair_value": 41.690586, "relative_strength": -9.209946, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.179826, "energy": 14.47298, "activity_lines": [ 41.492382, 41.589588, 41.704172, 41.618949 ] }, { "date": "2024-05-17", "close": 42.038378, "volume": 103674, "typical_volume": 137114.75, "trend": 41.32439, "fair_value": 41.669949, "relative_strength": -9.636292, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.320577, "energy": 17.998366, "activity_lines": [ 41.701516, 41.648542, 41.728697, 41.673749 ] }, { "date": "2024-05-24", "close": 41.938157, "volume": 72530, "typical_volume": 124413.5, "trend": 41.447454, "fair_value": 41.648105, "relative_strength": -9.52512, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.129081, "energy": 26.569319, "activity_lines": [ 41.834898, 41.692582, 41.744675, 41.713347 ] }, { "date": "2024-05-31", "close": 41.975398, "volume": 61652, "typical_volume": 115813.65, "trend": 41.542007, "fair_value": 41.625143, "relative_strength": -8.783585, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.018031, "energy": 28.431921, "activity_lines": [ 41.92506, 41.740463, 41.762915, 41.747408 ] }, { "date": "2024-06-07", "close": 42.119157, "volume": 79803, "typical_volume": 111638.45, "trend": 41.641352, "fair_value": 41.600589, "relative_strength": -9.306037, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.435554, "energy": 36.0831, "activity_lines": [ 42.005992, 41.817125, 41.795267, 41.784644 ] }, { "date": "2024-06-14", "close": 42.647553, "volume": 126587, "typical_volume": 111572.15, "trend": 41.735401, "fair_value": 41.57831, "relative_strength": -9.375664, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.008585, "energy": 61.164866, "activity_lines": [ 42.237019, 41.991531, 41.875752, 41.84956 ] }, { "date": "2024-06-21", "close": 42.542386, "volume": 93381, "typical_volume": 106280.6, "trend": 41.821482, "fair_value": 41.556799, "relative_strength": -9.860272, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.145216, "energy": 64.319154, "activity_lines": [ 42.369904, 42.130628, 41.9422, 41.901623 ] }, { "date": "2024-06-28", "close": 42.260007, "volume": 130622, "typical_volume": 100849.25, "trend": 41.870517, "fair_value": 41.531103, "relative_strength": -10.122281, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.376731, "energy": 59.337393, "activity_lines": [ 42.375063, 42.197671, 41.980053, 41.929915 ] }, { "date": "2024-07-05", "close": 42.723545, "volume": 95142, "typical_volume": 98461.75, "trend": 41.930824, "fair_value": 41.507473, "relative_strength": -10.550736, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.951621, "energy": 66.423535, "activity_lines": [ 42.513278, 42.327969, 42.059547, 41.984949 ] }, { "date": "2024-07-12", "close": 43.065737, "volume": 71564, "typical_volume": 97134.15, "trend": 41.965225, "fair_value": 41.485605, "relative_strength": -10.415846, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.497301, "energy": 72.552537, "activity_lines": [ 42.715681, 42.491295, 42.166018, 42.05817 ] }, { "date": "2024-07-19", "close": 42.86123, "volume": 78263, "typical_volume": 95890.35, "trend": 41.99296, "fair_value": 41.461153, "relative_strength": -8.796486, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.3864, "energy": 67.073328, "activity_lines": [ 42.786809, 42.593126, 42.246499, 42.115976 ] }, { "date": "2024-07-26", "close": 42.943841, "volume": 174373, "typical_volume": 100056.55, "trend": 42.016158, "fair_value": 41.436431, "relative_strength": -7.640737, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.396766, "energy": 71.285418, "activity_lines": [ 42.871229, 42.688887, 42.330137, 42.177323 ] }, { "date": "2024-08-02", "close": 43.904176, "volume": 143931, "typical_volume": 101758.35, "trend": 42.090687, "fair_value": 41.419911, "relative_strength": -3.350089, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.990775, "energy": 87.376261, "activity_lines": [ 43.248997, 42.942792, 42.50179, 42.299131 ] }, { "date": "2024-08-09", "close": 43.581757, "volume": 120250, "typical_volume": 103061.9, "trend": 42.14129, "fair_value": 41.400739, "relative_strength": -3.892263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.517717, "energy": 80.154485, "activity_lines": [ 43.409681, 43.102329, 42.632607, 42.395329 ] }, { "date": "2024-08-16", "close": 44.023931, "volume": 178767, "typical_volume": 109124.0, "trend": 42.220111, "fair_value": 41.383977, "relative_strength": -6.394149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.233541, "energy": 89.235461, "activity_lines": [ 43.660542, 43.313055, 42.798579, 42.51679 ] }, { "date": "2024-08-23", "close": 44.355562, "volume": 93074, "typical_volume": 107057.85, "trend": 42.305193, "fair_value": 41.369063, "relative_strength": -6.7374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.958307, "energy": 92.736247, "activity_lines": [ 43.958067, 43.549445, 42.987502, 42.654561 ] }, { "date": "2024-08-30", "close": 44.114863, "volume": 101126, "typical_volume": 107119.15, "trend": 42.369526, "fair_value": 41.352632, "relative_strength": -7.261326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.589565, "energy": 85.702247, "activity_lines": [ 44.075736, 43.711017, 43.141128, 42.771314 ] }, { "date": "2024-09-06", "close": 44.604823, "volume": 102774, "typical_volume": 102946.5, "trend": 42.465218, "fair_value": 41.339049, "relative_strength": -2.010513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.613717, "energy": 90.266164, "activity_lines": [ 44.278658, 43.933082, 43.328505, 42.915527 ] }, { "date": "2024-09-13", "close": 44.914514, "volume": 126826, "typical_volume": 104873.1, "trend": 42.577544, "fair_value": 41.327239, "relative_strength": -4.908723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.500126, "energy": 92.296876, "activity_lines": [ 44.5381, 44.168821, 43.528704, 43.073546 ] }, { "date": "2024-09-20", "close": 44.715757, "volume": 279603, "typical_volume": 115077.1, "trend": 42.678135, "fair_value": 41.3153, "relative_strength": -6.357821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.141151, "energy": 79.062567, "activity_lines": [ 44.64244, 44.328588, 43.691896, 43.211495 ] }, { "date": "2024-09-27", "close": 44.891403, "volume": 126584, "typical_volume": 118026.3, "trend": 42.778782, "fair_value": 41.305788, "relative_strength": -6.227487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.645622, "energy": 73.106095, "activity_lines": [ 44.759206, 44.490289, 43.857591, 43.354286 ] }, { "date": "2024-10-04", "close": 44.390549, "volume": 188036, "typical_volume": 122244.4, "trend": 42.851124, "fair_value": 41.296551, "relative_strength": -7.243563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.152963, "energy": 63.117344, "activity_lines": [ 44.673299, 44.524014, 43.960395, 43.458271 ] }, { "date": "2024-10-11", "close": 44.180932, "volume": 80216, "typical_volume": 122628.7, "trend": 42.931255, "fair_value": 41.283835, "relative_strength": -8.418329, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.567101, "energy": 51.856083, "activity_lines": [ 44.49914, 44.493323, 44.032034, 43.544065 ] }, { "date": "2024-10-18", "close": 44.223597, "volume": 85248, "typical_volume": 123808.5, "trend": 43.001349, "fair_value": 41.273179, "relative_strength": -8.783864, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.164093, "energy": 38.371936, "activity_lines": [ 44.367462, 44.465357, 44.097057, 43.627442 ] }, { "date": "2024-10-25", "close": 43.750382, "volume": 112100, "typical_volume": 125423.35, "trend": 43.052658, "fair_value": 41.256949, "relative_strength": -8.49534, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.041184, "energy": 25.216104, "activity_lines": [ 44.124106, 44.339682, 44.106306, 43.675767 ] }, { "date": "2024-11-01", "close": 43.46852, "volume": 179040, "typical_volume": 128046.0, "trend": 43.109701, "fair_value": 41.236023, "relative_strength": -7.485015, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.169407, "energy": 23.016449, "activity_lines": [ 43.851155, 44.167733, 44.080944, 43.702597 ] }, { "date": "2024-11-08", "close": 43.996212, "volume": 189813, "typical_volume": 132867.6, "trend": 43.196135, "fair_value": 41.222038, "relative_strength": -10.266139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.663053, "energy": 22.580707, "activity_lines": [ 43.848961, 44.107856, 44.101928, 43.759791 ] }, { "date": "2024-11-15", "close": 43.57093, "volume": 210228, "typical_volume": 136847.9, "trend": 43.278378, "fair_value": 41.205353, "relative_strength": -8.922247, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.74819, "energy": 17.269871, "activity_lines": [ 43.731295, 43.972813, 44.075487, 43.783971 ] }, { "date": "2024-11-22", "close": 43.618876, "volume": 115506, "typical_volume": 137866.1, "trend": 43.361735, "fair_value": 41.190073, "relative_strength": -9.983383, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.117159, "energy": 16.887171, "activity_lines": [ 43.670277, 43.865285, 44.047369, 43.805939 ] }, { "date": "2024-11-29", "close": 44.307993, "volume": 106591, "typical_volume": 139617.45, "trend": 43.447715, "fair_value": 41.175745, "relative_strength": -9.275455, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.27632, "energy": 11.359367, "activity_lines": [ 43.87928, 43.906608, 44.080618, 43.866988 ] }, { "date": "2024-12-06", "close": 44.590635, "volume": 125961, "typical_volume": 142002.35, "trend": 43.544027, "fair_value": 41.165836, "relative_strength": -9.125746, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.387218, "energy": 23.994091, "activity_lines": [ 44.145323, 44.006735, 44.134869, 43.940725 ] }, { "date": "2024-12-13", "close": 43.849225, "volume": 270427, "typical_volume": 146805.05, "trend": 43.604388, "fair_value": 41.149941, "relative_strength": -9.72071, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.57889, "energy": 17.548565, "activity_lines": [ 44.089422, 43.977528, 44.110275, 43.960415 ] }, { "date": "2024-12-20", "close": 43.529303, "volume": 338028, "typical_volume": 156509.9, "trend": 43.657426, "fair_value": 41.132532, "relative_strength": -8.348168, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.165437, "energy": 11.432886, "activity_lines": [ 43.936679, 43.899996, 44.050901, 43.955571 ] }, { "date": "2024-12-27", "close": 43.391392, "volume": 148654, "typical_volume": 157930.1, "trend": 43.704626, "fair_value": 41.115166, "relative_strength": -8.85821, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.152066, "energy": 9.76862, "activity_lines": [ 43.740741, 43.809237, 43.980178, 43.938407 ] }, { "date": "2025-01-03", "close": 43.385114, "volume": 165310, "typical_volume": 157257.25, "trend": 43.746825, "fair_value": 41.10242, "relative_strength": -8.026752, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.708418, "energy": 41.097148, "activity_lines": [ 43.557875, 43.732467, 43.909763, 43.917794 ] }, { "date": "2025-01-10", "close": 42.944133, "volume": 128634, "typical_volume": 159035.25, "trend": 43.756711, "fair_value": 41.087915, "relative_strength": -6.818137, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.526104, "energy": 59.877221, "activity_lines": [ 43.289542, 43.58216, 43.800392, 43.866007 ] }, { "date": "2025-01-17", "close": 43.44141, "volume": 119875, "typical_volume": 159972.7, "trend": 43.786678, "fair_value": 41.077262, "relative_strength": -8.106225, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.349219, "energy": 52.314529, "activity_lines": [ 43.296734, 43.531802, 43.745101, 43.845665 ] }, { "date": "2025-01-24", "close": 43.488229, "volume": 158551, "typical_volume": 162761.55, "trend": 43.827619, "fair_value": 41.069015, "relative_strength": -9.240982, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.760933, "energy": 55.72833, "activity_lines": [ 43.34672, 43.500043, 43.697477, 43.82641 ] }, { "date": "2025-01-31", "close": 43.707665, "volume": 146718, "typical_volume": 163756.15, "trend": 43.860423, "fair_value": 41.065942, "relative_strength": -7.539496, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.405575, "energy": 31.735506, "activity_lines": [ 43.47259, 43.509686, 43.676069, 43.818671 ] }, { "date": "2025-02-07", "close": 43.886602, "volume": 108108, "typical_volume": 155181.4, "trend": 43.887785, "fair_value": 41.065363, "relative_strength": -6.741044, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.347449, "energy": 16.617887, "activity_lines": [ 43.637021, 43.550248, 43.677448, 43.82036 ] }, { "date": "2025-02-14", "close": 44.009032, "volume": 87869, "typical_volume": 153245.65, "trend": 43.926045, "fair_value": 41.067775, "relative_strength": -7.577068, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.972892, "energy": 16.056912, "activity_lines": [ 43.808829, 43.620732, 43.694437, 43.828183 ] }, { "date": "2025-02-21", "close": 44.14088, "volume": 58496, "typical_volume": 146768.65, "trend": 43.965947, "fair_value": 41.07166, "relative_strength": -5.569263, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.7282, "energy": 17.632949, "activity_lines": [ 43.953593, 43.725763, 43.728184, 43.842043 ] }, { "date": "2025-02-28", "close": 44.674521, "volume": 102431, "typical_volume": 147879.4, "trend": 43.991625, "fair_value": 41.07797, "relative_strength": -3.322071, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.73834, "energy": 43.117705, "activity_lines": [ 44.229606, 43.922516, 43.813943, 43.887757 ] }, { "date": "2025-03-07", "close": 44.315386, "volume": 238043, "typical_volume": 155519.15, "trend": 44.016079, "fair_value": 41.088962, "relative_strength": -0.896494, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.904629, "energy": 42.737802, "activity_lines": [ 44.306821, 44.03315, 43.863148, 43.908645 ] }, { "date": "2025-03-14", "close": 44.201786, "volume": 174754, "typical_volume": 158651.85, "trend": 44.022008, "fair_value": 41.097231, "relative_strength": 1.257295, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.021492, "energy": 41.260242, "activity_lines": [ 44.305655, 44.10633, 43.901097, 43.920626 ] }, { "date": "2025-03-21", "close": 44.499774, "volume": 152631, "typical_volume": 157331.4, "trend": 44.026815, "fair_value": 41.112264, "relative_strength": 1.497197, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.269397, "energy": 48.090018, "activity_lines": [ 44.382806, 44.218841, 43.965276, 43.95145 ] }, { "date": "2025-03-28", "close": 44.427757, "volume": 89120, "typical_volume": 152296.75, "trend": 44.037244, "fair_value": 41.122955, "relative_strength": 2.895221, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.332019, "energy": 28.499084, "activity_lines": [ 44.403235, 44.289974, 44.017686, 43.977317 ] }, { "date": "2025-04-04", "close": 44.725025, "volume": 211764, "typical_volume": 152373.55, "trend": 44.041251, "fair_value": 41.142851, "relative_strength": 13.716208, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.985628, "energy": 34.514235, "activity_lines": [ 44.503629, 44.397221, 44.096352, 44.02169 ] }, { "date": "2025-04-11", "close": 43.346949, "volume": 285631, "typical_volume": 160879.8, "trend": 43.988999, "fair_value": 41.157021, "relative_strength": 4.319577, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -9.643026, "energy": 8.402007, "activity_lines": [ 44.141297, 44.231422, 44.038276, 43.976896 ] }, { "date": "2025-04-18", "close": 43.88797, "volume": 117691, "typical_volume": 161434.8, "trend": 43.961406, "fair_value": 41.178463, "relative_strength": 7.150797, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.196925, "energy": 15.368222, "activity_lines": [ 44.023867, 44.170549, 44.033022, 43.970378 ] }, { "date": "2025-04-25", "close": 44.367697, "volume": 84618, "typical_volume": 159367.65, "trend": 43.943949, "fair_value": 41.204555, "relative_strength": 3.590115, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.450962, "energy": 18.802657, "activity_lines": [ 44.087268, 44.196875, 44.075456, 43.996591 ] }, { "date": "2025-05-02", "close": 44.20437, "volume": 92829, "typical_volume": 150487.75, "trend": 43.937743, "fair_value": 41.232635, "relative_strength": 0.388824, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.418994, "energy": 18.831366, "activity_lines": [ 44.105031, 44.186983, 44.103397, 44.013392 ] }, { "date": "2025-05-09", "close": 44.078839, "volume": 157225, "typical_volume": 141447.6, "trend": 43.93434, "fair_value": 41.258284, "relative_strength": 0.607086, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.755395, "energy": 12.0894, "activity_lines": [ 44.095844, 44.153113, 44.117691, 44.022495 ] }, { "date": "2025-05-16", "close": 44.278851, "volume": 238634, "typical_volume": 145946.6, "trend": 43.936182, "fair_value": 41.284294, "relative_strength": -3.874858, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.249106, "energy": 21.28225, "activity_lines": [ 44.196406, 44.166439, 44.148417, 44.044722 ] }, { "date": "2025-05-23", "close": 44.078839, "volume": 153830, "typical_volume": 145372.6, "trend": 43.947131, "fair_value": 41.303844, "relative_strength": -1.715589, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.836386, "energy": 14.357065, "activity_lines": [ 44.16817, 44.144064, 44.155869, 44.053925 ] }, { "date": "2025-05-30", "close": 44.560405, "volume": 88798, "typical_volume": 143380.8, "trend": 43.983527, "fair_value": 41.329958, "relative_strength": -2.253444, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.069003, "energy": 27.347121, "activity_lines": [ 44.287732, 44.211482, 44.20588, 44.093491 ] }, { "date": "2025-06-06", "close": 44.393101, "volume": 287108, "typical_volume": 151742.45, "trend": 43.996756, "fair_value": 41.360433, "relative_strength": -4.067268, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.239413, "energy": 31.733193, "activity_lines": [ 44.338679, 44.247379, 44.232261, 44.119916 ] }, { "date": "2025-06-13", "close": 44.71337, "volume": 193002, "typical_volume": 153465.0, "trend": 44.034838, "fair_value": 41.395353, "relative_strength": -2.915852, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.361342, "energy": 43.006437, "activity_lines": [ 44.4838, 44.342136, 44.284612, 44.166149 ] }, { "date": "2025-06-20", "close": 44.923696, "volume": 72784, "typical_volume": 149768.3, "trend": 44.078332, "fair_value": 41.430697, "relative_strength": -2.217034, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.581691, "energy": 57.604748, "activity_lines": [ 44.656727, 44.475346, 44.35116, 44.223494 ] }, { "date": "2025-06-27", "close": 45.199031, "volume": 128161, "typical_volume": 150770.95, "trend": 44.108033, "fair_value": 41.46548, "relative_strength": -4.79735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.147951, "energy": 64.54639, "activity_lines": [ 44.878444, 44.62995, 44.43814, 44.295798 ] }, { "date": "2025-07-04", "close": 45.297778, "volume": 129702, "typical_volume": 152862.6, "trend": 44.131604, "fair_value": 41.502476, "relative_strength": -6.050852, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.79211, "energy": 70.843135, "activity_lines": [ 45.058396, 44.778669, 44.528275, 44.372555 ] }, { "date": "2025-07-11", "close": 45.034453, "volume": 302941, "typical_volume": 165084.85, "trend": 44.171112, "fair_value": 41.535496, "relative_strength": -6.207317, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.706181, "energy": 72.448089, "activity_lines": [ 45.101415, 44.862601, 44.587194, 44.430804 ] }, { "date": "2025-07-18", "close": 45.103067, "volume": 153282, "typical_volume": 167627.4, "trend": 44.223571, "fair_value": 41.565523, "relative_strength": -6.489574, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.191708, "energy": 69.93075, "activity_lines": [ 45.124549, 44.943916, 44.648393, 44.49093 ] }, { "date": "2025-07-25", "close": 45.323784, "volume": 82228, "typical_volume": 159836.65, "trend": 44.287984, "fair_value": 41.59462, "relative_strength": -7.233786, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.333182, "energy": 71.550739, "activity_lines": [ 45.195276, 45.046738, 44.728572, 44.561911 ] }, { "date": "2025-08-01", "close": 45.769548, "volume": 97183, "typical_volume": 155958.1, "trend": 44.367465, "fair_value": 41.628528, "relative_strength": -3.767689, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.697623, "energy": 76.938196, "activity_lines": [ 45.387917, 45.21161, 44.846402, 44.657496 ] }, { "date": "2025-08-08", "close": 45.68767, "volume": 338532, "typical_volume": 165253.15, "trend": 44.458916, "fair_value": 41.659849, "relative_strength": -6.008735, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.002354, "energy": 74.768597, "activity_lines": [ 45.515232, 45.330855, 44.948969, 44.742671 ] }, { "date": "2025-08-15", "close": 45.747778, "volume": 251110, "typical_volume": 173352.65, "trend": 44.535795, "fair_value": 41.695761, "relative_strength": -6.581493, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.120414, "energy": 80.077528, "activity_lines": [ 45.63659, 45.440533, 45.051604, 44.825823 ] }, { "date": "2025-08-22", "close": 45.957385, "volume": 162154, "typical_volume": 170872.15, "trend": 44.6181, "fair_value": 41.733946, "relative_strength": -6.219997, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.753064, "energy": 85.017134, "activity_lines": [ 45.780262, 45.563691, 45.167916, 44.917538 ] }, { "date": "2025-08-29", "close": 45.839526, "volume": 114454, "typical_volume": 162313.3, "trend": 44.689162, "fair_value": 41.775926, "relative_strength": -6.228766, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.35465, "energy": 79.050826, "activity_lines": [ 45.827693, 45.642801, 45.267135, 44.99634 ] }, { "date": "2025-09-05", "close": 46.390528, "volume": 327199, "typical_volume": 172788.7, "trend": 44.772627, "fair_value": 41.821548, "relative_strength": -5.136306, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.202958, "energy": 86.22346, "activity_lines": [ 46.024408, 45.805442, 45.406961, 45.106106 ] }, { "date": "2025-09-12", "close": 46.695029, "volume": 112188, "typical_volume": 174167.2, "trend": 44.86216, "fair_value": 41.871587, "relative_strength": -5.753744, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.129604, "energy": 92.103653, "activity_lines": [ 46.281226, 46.001784, 45.563869, 45.230132 ] }, { "date": "2025-09-19", "close": 46.651529, "volume": 126251, "typical_volume": 175838.3, "trend": 44.945848, "fair_value": 41.923922, "relative_strength": -6.768613, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.014206, "energy": 88.769379, "activity_lines": [ 46.456385, 46.164811, 45.705553, 45.345575 ] }, { "date": "2025-09-26", "close": 46.444082, "volume": 90426, "typical_volume": 172498.35, "trend": 45.004833, "fair_value": 41.980964, "relative_strength": -6.697505, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.721842, "energy": 83.774062, "activity_lines": [ 46.502146, 46.26072, 45.815826, 45.442235 ] }, { "date": "2025-10-03", "close": 46.68125, "volume": 254850, "typical_volume": 173309.15, "trend": 45.083696, "fair_value": 42.039938, "relative_strength": -7.050943, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.617354, "energy": 82.036088, "activity_lines": [ 46.594517, 46.375368, 45.937424, 45.550391 ] }, { "date": "2025-10-10", "close": 46.739456, "volume": 124225, "typical_volume": 171828.9, "trend": 45.168285, "fair_value": 42.103077, "relative_strength": -4.491219, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.20545, "energy": 67.045271, "activity_lines": [ 46.650174, 46.475918, 46.053126, 45.657214 ] }, { "date": "2025-10-17", "close": 47.014188, "volume": 134724, "typical_volume": 174125.2, "trend": 45.252098, "fair_value": 42.169919, "relative_strength": -5.433118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.674712, "energy": 68.963663, "activity_lines": [ 46.774147, 46.608784, 46.182322, 45.776305 ] }, { "date": "2025-10-24", "close": 47.195403, "volume": 153057, "typical_volume": 167422.65, "trend": 45.344353, "fair_value": 42.234102, "relative_strength": -6.708552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.196046, "energy": 70.572468, "activity_lines": [ 46.937248, 46.75048, 46.317093, 45.901679 ] }, { "date": "2025-10-31", "close": 46.71643, "volume": 174993, "typical_volume": 166522.2, "trend": 45.410733, "fair_value": 42.295876, "relative_strength": -8.104287, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.88359, "energy": 63.325735, "activity_lines": [ 46.904433, 46.778769, 46.392902, 45.9902 ] }, { "date": "2025-11-07", "close": 46.696957, "volume": 164241, "typical_volume": 171095.05, "trend": 45.5224, "fair_value": 42.350692, "relative_strength": -6.507513, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.483014, "energy": 57.4629, "activity_lines": [ 46.84697, 46.789718, 46.457319, 46.073182 ] }, { "date": "2025-11-14", "close": 46.570381, "volume": 136445, "typical_volume": 171509.25, "trend": 45.611814, "fair_value": 42.402437, "relative_strength": -6.750156, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.091992, "energy": 42.41163, "activity_lines": [ 46.746268, 46.762062, 46.501237, 46.140794 ] }, { "date": "2025-11-21", "close": 46.852744, "volume": 261018, "typical_volume": 178075.05, "trend": 45.694649, "fair_value": 42.452905, "relative_strength": -4.273122, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.371145, "energy": 35.461437, "activity_lines": [ 46.750959, 46.782476, 46.565516, 46.220854 ] }, { "date": "2025-11-28", "close": 47.158509, "volume": 124313, "typical_volume": 169143.65, "trend": 45.79312, "fair_value": 42.50112, "relative_strength": -6.952398, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.325421, "energy": 44.194278, "activity_lines": [ 46.868334, 46.855615, 46.651512, 46.315297 ] }, { "date": "2025-12-05", "close": 46.875128, "volume": 211522, "typical_volume": 172055.65, "trend": 45.88633, "fair_value": 42.547683, "relative_strength": -7.680786, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.734305, "energy": 40.650408, "activity_lines": [ 46.893708, 46.868013, 46.700404, 46.385104 ] }, { "date": "2025-12-12", "close": 46.728552, "volume": 187984, "typical_volume": 177343.45, "trend": 45.967987, "fair_value": 42.59176, "relative_strength": -7.320764, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.566101, "energy": 38.905243, "activity_lines": [ 46.859645, 46.845923, 46.726898, 46.439441 ] }, { "date": "2025-12-19", "close": 46.894672, "volume": 150152, "typical_volume": 179991.9, "trend": 46.061848, "fair_value": 42.641384, "relative_strength": -6.968547, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.695731, "energy": 37.942964, "activity_lines": [ 46.878848, 46.853177, 46.762523, 46.499227 ] }, { "date": "2025-12-26", "close": 47.129194, "volume": 141490, "typical_volume": 170139.8, "trend": 46.147474, "fair_value": 42.694916, "relative_strength": -7.687793, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.418634, "energy": 38.995664, "activity_lines": [ 46.954605, 46.90025, 46.815126, 46.568088 ] }, { "date": "2026-01-02", "close": 46.896865, "volume": 270582, "typical_volume": 171113.4, "trend": 46.230933, "fair_value": 42.74126, "relative_strength": -7.049805, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.675208, "energy": 31.510957, "activity_lines": [ 46.93449, 46.902989, 46.838739, 46.616436 ] }, { "date": "2026-01-09", "close": 47.034278, "volume": 189735, "typical_volume": 172492.45, "trend": 46.308296, "fair_value": 42.784593, "relative_strength": -8.071998, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.170931, "energy": 34.057582, "activity_lines": [ 46.977622, 46.936141, 46.869966, 46.668264 ] }, { "date": "2026-01-16", "close": 47.004832, "volume": 186541, "typical_volume": 176096.8, "trend": 46.377668, "fair_value": 42.827349, "relative_strength": -7.674867, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.65676, "energy": 33.433816, "activity_lines": [ 47.000328, 46.95816, 46.893261, 46.713202 ] }, { "date": "2026-01-23", "close": 47.130368, "volume": 170446, "typical_volume": 168259.15, "trend": 46.442045, "fair_value": 42.8705, "relative_strength": -7.005061, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.41812, "energy": 33.448323, "activity_lines": [ 47.046462, 46.997406, 46.922963, 46.761763 ] }, { "date": "2026-01-30", "close": 47.120582, "volume": 238268, "typical_volume": 174563.15, "trend": 46.502806, "fair_value": 42.912086, "relative_strength": -7.262045, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.572889, "energy": 34.783993, "activity_lines": [ 47.07362, 47.024691, 46.948209, 46.80554 ] }, { "date": "2026-02-06", "close": 47.219079, "volume": 196434, "typical_volume": 178072.3, "trend": 46.575626, "fair_value": 42.959532, "relative_strength": -6.751387, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.338198, "energy": 36.496452, "activity_lines": [ 47.134185, 47.065015, 46.98081, 46.851751 ] }, { "date": "2026-02-13", "close": 47.603214, "volume": 142478, "typical_volume": 180674.9, "trend": 46.658965, "fair_value": 43.010885, "relative_strength": -4.689668, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.693372, "energy": 61.338316, "activity_lines": [ 47.301313, 47.17408, 47.047293, 46.918047 ] }, { "date": "2026-02-20", "close": 47.652462, "volume": 172951, "typical_volume": 176579.95, "trend": 46.736587, "fair_value": 43.064945, "relative_strength": -5.52199, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.851266, "energy": 72.114232, "activity_lines": [ 47.446929, 47.278862, 47.112946, 46.982144 ] }, { "date": "2026-02-27", "close": 47.731398, "volume": 159073, "typical_volume": 178322.35, "trend": 46.801982, "fair_value": 43.118005, "relative_strength": -4.728475, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.692815, "energy": 80.233223, "activity_lines": [ 47.575681, 47.381197, 47.181492, 47.046325 ] }, { "date": "2026-03-06", "close": 47.302418, "volume": 382435, "typical_volume": 190707.9, "trend": 46.855807, "fair_value": 43.167101, "relative_strength": -3.483066, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.911771, "energy": 67.927016, "activity_lines": [ 47.521372, 47.390322, 47.204459, 47.078611 ] }, { "date": "2026-03-13", "close": 46.574932, "volume": 146485, "typical_volume": 190379.3, "trend": 46.883379, "fair_value": 43.211047, "relative_strength": -3.286578, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.216917, "energy": 14.888438, "activity_lines": [ 47.212444, 47.264028, 47.156769, 47.06049 ] }, { "date": "2026-03-20", "close": 46.436551, "volume": 135523, "typical_volume": 188405.8, "trend": 46.899351, "fair_value": 43.251372, "relative_strength": -1.593097, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -0.915161, "energy": 16.208082, "activity_lines": [ 46.900333, 47.118427, 47.098855, 47.031663 ] }, { "date": "2026-03-27", "close": 46.268518, "volume": 153755, "typical_volume": 187881.5, "trend": 46.913651, "fair_value": 43.289926, "relative_strength": 0.499839, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -36.548855, "energy": 41.753889, "activity_lines": [ 46.609988, 46.953143, 47.026271, 46.990964 ] }, { "date": "2026-04-03", "close": 46.927922, "volume": 189088, "typical_volume": 190513.65, "trend": 46.931564, "fair_value": 43.330078, "relative_strength": -0.975329, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -20.357079, "energy": 34.731991, "activity_lines": [ 46.631708, 46.921137, 47.018527, 46.991884 ] }, { "date": "2026-04-10", "close": 46.991126, "volume": 181120, "typical_volume": 186518.75, "trend": 46.941434, "fair_value": 43.373012, "relative_strength": -3.959317, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -18.059868, "energy": 31.884822, "activity_lines": [ 46.72806, 46.904304, 47.0151, 46.995727 ] }, { "date": "2026-04-17", "close": 47.316075, "volume": 125081, "typical_volume": 186557.15, "trend": 46.963586, "fair_value": 43.418897, "relative_strength": -7.033675, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": 15.065189, "energy": 9.987841, "activity_lines": [ 46.953482, 46.948906, 47.041961, 47.019897 ] }, { "date": "2026-04-24", "close": 47.219334, "volume": 169644, "typical_volume": 184463.25, "trend": 46.989427, "fair_value": 43.461894, "relative_strength": -7.33565, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.349272, "energy": 18.404435, "activity_lines": [ 47.097247, 46.974156, 47.058859, 47.036397 ] }, { "date": "2026-05-01", "close": 46.796436, "volume": 109536, "typical_volume": 180540.85, "trend": 46.993267, "fair_value": 43.503863, "relative_strength": -8.677308, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.390077, "energy": 10.871412, "activity_lines": [ 47.047861, 46.929495, 47.033841, 47.023946 ] }, { "date": "2026-05-08", "close": 46.995693, "volume": 98262, "typical_volume": 177946.35, "trend": 47.001808, "fair_value": 43.547558, "relative_strength": -10.026352, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.484184, "energy": 11.298802, "activity_lines": [ 47.029699, 46.936626, 47.027478, 47.024103 ] }, { "date": "2026-05-15", "close": 46.539822, "volume": 177778, "typical_volume": 179760.75, "trend": 46.985996, "fair_value": 43.591844, "relative_strength": -10.785264, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.286785, "energy": 20.150241, "activity_lines": [ 46.855062, 46.874248, 46.977216, 46.994297 ] }, { "date": "2026-05-22", "close": 46.668823, "volume": 166911, "typical_volume": 174577.2, "trend": 46.968443, "fair_value": 43.637249, "relative_strength": -10.964909, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.678316, "energy": 27.230076, "activity_lines": [ 46.753513, 46.84919, 46.942048, 46.973835 ] }, { "date": "2026-05-29", "close": 47.143657, "volume": 149625, "typical_volume": 172571.7, "trend": 46.982684, "fair_value": 43.682995, "relative_strength": -11.003285, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.500438, "energy": 9.705846, "activity_lines": [ 46.853391, 46.908759, 46.953187, 46.985139 ] }, { "date": "2026-06-05", "close": 46.824917, "volume": 363018, "typical_volume": 181395.55, "trend": 46.986949, "fair_value": 43.727712, "relative_strength": -9.050064, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.319637, "energy": 25.133535, "activity_lines": [ 46.852068, 46.897518, 46.933449, 46.97496 ] }, { "date": "2026-06-12", "close": 47.034091, "volume": 169491, "typical_volume": 181347.8, "trend": 47.002406, "fair_value": 43.771799, "relative_strength": -8.851034, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.744119, "energy": 11.149626, "activity_lines": [ 46.918571, 46.914193, 46.93449, 46.978002 ] }, { "date": "2026-06-19", "close": 47.083894, "volume": 133660, "typical_volume": 176117.4, "trend": 47.010111, "fair_value": 43.816205, "relative_strength": -9.260031, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.962862, "energy": 13.416158, "activity_lines": [ 46.999115, 46.937992, 46.940732, 46.983259 ] }, { "date": "2026-06-26", "close": 47.083001, "volume": 161487, "typical_volume": 174370.05, "trend": 47.007594, "fair_value": 43.859875, "relative_strength": -6.801398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.839802, "energy": 8.331979, "activity_lines": [ 47.04309, 46.959942, 46.947064, 46.987961 ] }, { "date": "2026-07-03", "close": 46.961242, "volume": 195814, "typical_volume": 177036.85, "trend": 47.010465, "fair_value": 43.906603, "relative_strength": -8.755338, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.179348, "energy": 8.302906, "activity_lines": [ 47.018866, 46.963992, 46.942447, 46.984971 ] }, { "date": "2026-07-10", "close": 46.612643, "volume": 261491, "typical_volume": 181463.85, "trend": 47.006601, "fair_value": 43.947258, "relative_strength": -10.371596, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.071491, "energy": 18.888957, "activity_lines": [ 46.890604, 46.909353, 46.907688, 46.959305 ] }, { "date": "2026-07-17", "close": 46.612643, "volume": 169869, "typical_volume": 182003.65, "trend": 46.9972, "fair_value": 43.986755, "relative_strength": -8.711992, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.925319, "energy": 37.996505, "activity_lines": [ 46.776494, 46.858056, 46.87788, 46.933888 ] }, { "date": "2026-07-24", "close": 46.184364, "volume": 134046, "typical_volume": 169584.2, "trend": 46.965706, "fair_value": 44.024875, "relative_strength": -8.776363, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.030561, "energy": 61.631854, "activity_lines": [ 46.54772, 46.735854, 46.812611, 46.881447 ] }, { "date": "2026-07-31", "close": 46.2, "volume": 314281, "typical_volume": 177974.0, "trend": 46.942477, "fair_value": 44.064908, "relative_strength": -9.41493, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.78103, "energy": 70.82716, "activity_lines": [ 46.384128, 46.622959, 46.754156, 46.832047 ] }, { "date": "2026-08-07", "close": 46.49, "volume": 123476, "typical_volume": 177371.65, "trend": 46.924335, "fair_value": 44.10869, "relative_strength": -11.630383, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.613987, "energy": 66.133361, "activity_lines": [ 46.376068, 46.571314, 46.725105, 46.802855 ] } ], "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." } } }