{ "ticker": { "uuid": "af52e9fe-195f-4aa3-9222-d43845561e1f", "symbol": "JAPAN", "name": "Franklin FTSE Japan UCITS ETF", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 62.37, "architecture_energy": 35.644, "architecture_maturity": 61.122, "architecture_confidence": 83.233, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 26.79, "rotation_up": 38.82, "upward_expansion": 61.95, "deceleration": 85.47, "rotation_down": 27.27, "downward_expansion": 20.95 }, "activity_lines": [ 32.392, 32.442637, 31.995691, 31.446796 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 33.244999, "trend_reference": 30.786667, "distance_from_trend": 0.079851, "trend_direction": "Improving", "fair_value": 26.7515, "distance_from_fair_value": 0.242734, "fair_value_direction": "Improving", "relative_strength": -1.867431, "relative_strength_direction": "Weakening", "price_momentum": 0.113176, "excess_performance": -0.057716, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079851, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056539, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.242734, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.042122, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.018674, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027393, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.113176, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.902186, "read": "Demand-led" } ], "volume": { "latest": 4915, "relative_activity": 2.516126, "balance": 1.902186, "dry_up": 2.392495, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.027454, "annualized_volatility": 0.19741, "from_high_reference": -0.004044, "from_low_reference": 0.296354 }, "levels": { "trend_reference": 30.786667, "fair_value_reference": 26.7515, "structural_low": 27.530001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.051249, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.021631, "regime_survival": 0.5, "best_return": 0.075621, "worst_return": 0.026876, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.171514, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.062094, "regime_survival": 0.0, "best_return": 0.171514, "worst_return": 0.171514, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-08", "tenure": "Developing", "return": 0.097832, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-31", "tenure": "Developing", "return": 0.016438, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2024-09-13", "close": 23.59, "volume": 800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 23.59, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 24.219999, "volume": 760, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 24.094999, "volume": 175, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 24.065001, "volume": 760, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 23.995001, "volume": 9, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 23.035, "volume": 57, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 23.43, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 24.065001, "volume": 767, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 23.799999, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 23.799999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 24.27, "volume": 2381, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 25.025, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 24.825001, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 24.455, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 24.504999, "volume": 7, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 24.610001, "volume": 28, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 24.075001, "volume": 2432, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 23.975, "volume": 8283, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 24.52, "volume": 1829, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 24.594999, "volume": 1388, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 25.0, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 24.85, "volume": 207, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 25.165001, "volume": 4794, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 24.885, "volume": 110, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 25.205, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 24.15, "volume": 1602, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 24.895, "volume": 2130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 24.805, "volume": 762, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 21.559999, "volume": 15021, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 21.559999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 22.754999, "volume": 1891, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 23.375, "volume": 4, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 23.985001, "volume": 14, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 24.215, "volume": 206, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 24.459999, "volume": 9, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 24.365, "volume": 952, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 24.615, "volume": 729, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 24.545, "volume": 38, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 24.385, "volume": 318, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 24.315001, "volume": 99, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 23.799999, "volume": 107, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 24.305, "volume": 21, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 23.91, "volume": 17, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 23.615, "volume": 40, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 24.695, "volume": 274, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 24.610001, "volume": 1771, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 25.639999, "volume": 826, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 25.91, "volume": 76, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 26.205, "volume": 215, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 26.155001, "volume": 287, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 25.645, "volume": 218, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 26.41, "volume": 634, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 26.379999, "volume": 102, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 26.440001, "volume": 1588, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 26.215, "volume": 321, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 26.01, "volume": 709, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 26.790001, "volume": 73, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 27.004999, "volume": 11890, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 27.540001, "volume": 900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 27.4, "volume": 5724, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 27.375, "volume": 1178, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 26.780001, "volume": 1037, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 27.295, "volume": 30, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 27.415001, "volume": 408, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 27.34, "volume": 1834, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 27.285, "volume": 766, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 27.450001, "volume": 778, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 27.495001, "volume": 469, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 28.805, "volume": 304, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 29.264999, "volume": 788, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 28.49, "volume": 2294, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 28.629999, "volume": 1299, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 29.865, "volume": 3989, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-13", "close": 31.295, "volume": 5050, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-20", "close": 30.809999, "volume": 1288, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-27", "close": 31.264999, "volume": 1619, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-06", "close": 29.42, "volume": 1724, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-13", "close": 29.08, "volume": 818, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-20", "close": 28.365, "volume": 2034, "typical_volume": 1671.55, "trend": 27.857167, "fair_value": 25.600437, "relative_strength": 5.781002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.903434, "energy": 20.747199, "activity_lines": [ 29.316333, 29.682091, 29.125, 28.58929 ] }, { "date": "2026-03-27", "close": 28.305, "volume": 1015, "typical_volume": 1436.1, "trend": 27.928833, "fair_value": 25.633827, "relative_strength": 4.20905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.004235, "energy": 24.58291, "activity_lines": [ 28.822, 29.437818, 29.101071, 28.618183 ] }, { "date": "2026-04-03", "close": 29.370001, "volume": 1481, "typical_volume": 1451.25, "trend": 28.053, "fair_value": 25.67939, "relative_strength": 2.739253, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.151407, "energy": 24.01294, "activity_lines": [ 28.849667, 29.404636, 29.174262, 28.711161 ] }, { "date": "2026-04-10", "close": 29.98, "volume": 596, "typical_volume": 1429.2, "trend": 28.172, "fair_value": 25.731205, "relative_strength": 0.514716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.715229, "energy": 21.975939, "activity_lines": [ 29.207, 29.466364, 29.296048, 28.835484 ] }, { "date": "2026-04-17", "close": 30.51, "volume": 494, "typical_volume": 1452.4, "trend": 28.309667, "fair_value": 25.788095, "relative_strength": -0.320925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.934322, "energy": 31.676123, "activity_lines": [ 29.703667, 29.599909, 29.453071, 28.986323 ] }, { "date": "2026-04-24", "close": 29.555, "volume": 340, "typical_volume": 1449.0, "trend": 28.4135, "fair_value": 25.832412, "relative_strength": -0.96594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.443003, "energy": 32.150836, "activity_lines": [ 29.786667, 29.548091, 29.503833, 29.066667 ] }, { "date": "2026-05-01", "close": 29.605, "volume": 389, "typical_volume": 1376.75, "trend": 28.5265, "fair_value": 25.876279, "relative_strength": -1.974938, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.7933, "energy": 28.261733, "activity_lines": [ 29.807, 29.537, 29.549167, 29.143538 ] }, { "date": "2026-05-08", "close": 31.139999, "volume": 2353, "typical_volume": 1456.1, "trend": 28.6975, "fair_value": 25.936782, "relative_strength": 0.871918, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.538423, "energy": 51.148074, "activity_lines": [ 30.252333, 29.826909, 29.729905, 29.31215 ] }, { "date": "2026-05-15", "close": 31.33, "volume": 2457, "typical_volume": 1540.05, "trend": 28.848833, "fair_value": 25.998068, "relative_strength": 1.733704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.128964, "energy": 61.27746, "activity_lines": [ 30.643, 30.153636, 29.910381, 29.481989 ] }, { "date": "2026-05-22", "close": 31.5, "volume": 955, "typical_volume": 1564.35, "trend": 28.998667, "fair_value": 26.059888, "relative_strength": 1.4106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.745486, "energy": 68.364021, "activity_lines": [ 31.000333, 30.476545, 30.088571, 29.653032 ] }, { "date": "2026-05-29", "close": 31.754999, "volume": 4710, "typical_volume": 1784.65, "trend": 29.139167, "fair_value": 26.123167, "relative_strength": 1.093052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.372253, "energy": 75.61792, "activity_lines": [ 31.376666, 30.801818, 30.271976, 29.83086 ] }, { "date": "2026-06-05", "close": 31.815001, "volume": 206, "typical_volume": 1755.55, "trend": 29.286333, "fair_value": 26.185714, "relative_strength": 1.473386, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.816218, "energy": 78.881007, "activity_lines": [ 31.626333, 31.076364, 30.447048, 30.003495 ] }, { "date": "2026-06-12", "close": 31.860001, "volume": 393, "typical_volume": 1660.5, "trend": 29.435833, "fair_value": 26.247391, "relative_strength": -1.549341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.009329, "energy": 79.063093, "activity_lines": [ 31.743667, 31.295273, 30.614262, 30.169538 ] }, { "date": "2026-06-19", "close": 33.23, "volume": 279, "typical_volume": 1609.5, "trend": 29.650833, "fair_value": 26.322473, "relative_strength": 0.029704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.068716, "energy": 88.86193, "activity_lines": [ 32.269667, 31.718, 30.895905, 30.414323 ] }, { "date": "2026-06-26", "close": 32.560001, "volume": 336, "typical_volume": 1426.85, "trend": 29.826333, "fair_value": 26.38883, "relative_strength": 0.929296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.898885, "energy": 82.885133, "activity_lines": [ 32.445667, 31.959818, 31.091833, 30.602011 ] }, { "date": "2026-07-03", "close": 32.970001, "volume": 285, "typical_volume": 1188.6, "trend": 30.0115, "fair_value": 26.458105, "relative_strength": -0.839328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.158836, "energy": 88.429976, "activity_lines": [ 32.687667, 32.23891, 31.313976, 30.804828 ] }, { "date": "2026-07-10", "close": 32.955002, "volume": 4085, "typical_volume": 1328.45, "trend": 30.198667, "fair_value": 26.525781, "relative_strength": -0.588659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.111891, "energy": 85.662985, "activity_lines": [ 32.843668, 32.453183, 31.526715, 30.994731 ] }, { "date": "2026-07-17", "close": 31.434999, "volume": 3355, "typical_volume": 1415.25, "trend": 30.337, "fair_value": 26.576392, "relative_strength": -3.894896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.09748, "energy": 51.681004, "activity_lines": [ 32.417001, 32.330182, 31.584476, 31.074495 ] }, { "date": "2026-07-24", "close": 32.150002, "volume": 7036, "typical_volume": 1680.85, "trend": 30.493667, "fair_value": 26.633265, "relative_strength": -1.599959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.555488, "energy": 39.994224, "activity_lines": [ 32.257001, 32.331819, 31.709524, 31.191463 ] }, { "date": "2026-07-31", "close": 31.844999, "volume": 3388, "typical_volume": 1809.35, "trend": 30.638667, "fair_value": 26.685909, "relative_strength": -3.209565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.330675, "energy": 27.177288, "activity_lines": [ 32.067334, 32.263091, 31.792524, 31.278645 ] }, { "date": "2026-08-07", "close": 33.244999, "volume": 4915, "typical_volume": 1953.4, "trend": 30.786667, "fair_value": 26.7515, "relative_strength": -1.867431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.369672, "energy": 35.643978, "activity_lines": [ 32.392, 32.442637, 31.995691, 31.446796 ] } ], "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." } } }