{ "ticker": { "uuid": "b1233060-819c-41fb-8a20-123c1578e592", "symbol": "JREM", "name": "JPMorgan ETFs (Ireland) ICAV - Global Emerging Markets Research Enh Idx Eq Active UCITS ETF USD Acc", "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": 75.651, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 27.282, "architecture_energy": 25.161, "architecture_maturity": 65.662, "architecture_confidence": 81.174, "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": 49.58, "rotation_up": 21.34, "upward_expansion": 55.01, "deceleration": 91.16, "rotation_down": 35.46, "downward_expansion": 18.68 }, "activity_lines": [ 43.450334, 44.170182, 44.008334, 42.87828 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 43.775002, "trend_reference": 41.364334, "distance_from_trend": 0.058279, "trend_direction": "Improving", "fair_value": 31.34, "distance_from_fair_value": 0.396777, "fair_value_direction": "Weakening", "relative_strength": -1.1003, "relative_strength_direction": "Weakening", "price_momentum": 0.147444, "excess_performance": -0.023447, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.058279, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.08602, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.396777, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.08659, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.011003, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.136673, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.147444, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.903197, "read": "Supply-led" } ], "volume": { "latest": 51571, "relative_activity": 1.537652, "balance": 0.903197, "dry_up": 1.117072, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.043764, "annualized_volatility": 0.226025, "from_high_reference": -0.073741, "from_low_reference": 0.400128 }, "levels": { "trend_reference": 41.364334, "fair_value_reference": 31.34, "structural_low": 35.974998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.002655, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.002135, "regime_survival": 0.25, "best_return": 0.135897, "worst_return": -0.105745, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.059818, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.009088, "regime_survival": 0.0, "best_return": 0.245107, "worst_return": -0.013489, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.104038, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.031972, "regime_survival": 0.0, "best_return": 0.106078, "worst_return": -0.002322, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.07966, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.166982, "regime_survival": 0.0, "best_return": 0.13223, "worst_return": 0.02709, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-13", "tenure": "Developing", "return": 0.005638, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-09-20", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.01475, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.03356, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": -0.007097, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-03-14", "tenure": "Developing", "return": 0.004725, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.018318, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.013809, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.101676, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-18", "tenure": "Developing", "return": 0.06236, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2026-03-20", "tenure": "Extended", "return": 0.197473, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.125359, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.027711, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.009222, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 24.84, "volume": 3518, "typical_volume": 7278.95, "trend": 25.470834, "fair_value": 27.408398, "relative_strength": -10.362952, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -13.715823, "energy": 9.756304, "activity_lines": [ 25.471667, 25.542, 25.480834, 25.409731 ] }, { "date": "2023-08-25", "close": 25.235001, "volume": 13532, "typical_volume": 7852.6, "trend": 25.4065, "fair_value": 27.412596, "relative_strength": -9.77218, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.848021, "energy": 13.875623, "activity_lines": [ 25.338334, 25.478546, 25.471, 25.394516 ] }, { "date": "2023-09-01", "close": 25.780001, "volume": 3246, "typical_volume": 7910.25, "trend": 25.384334, "fair_value": 27.425032, "relative_strength": -8.701943, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.658636, "energy": 22.520754, "activity_lines": [ 25.398667, 25.531364, 25.512477, 25.418613 ] }, { "date": "2023-09-08", "close": 25.415001, "volume": 3073, "typical_volume": 7862.8, "trend": 25.350667, "fair_value": 27.434744, "relative_strength": -8.146837, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.722117, "energy": 13.3347, "activity_lines": [ 25.394667, 25.508001, 25.516143, 25.420592 ] }, { "date": "2023-09-15", "close": 25.790001, "volume": 5881, "typical_volume": 8024.35, "trend": 25.345334, "fair_value": 27.444295, "relative_strength": -8.373646, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.798543, "energy": 16.622398, "activity_lines": [ 25.550668, 25.553092, 25.552096, 25.448936 ] }, { "date": "2023-09-22", "close": 25.42, "volume": 7580, "typical_volume": 8339.25, "trend": 25.345334, "fair_value": 27.454904, "relative_strength": -8.108688, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.636202, "energy": 15.730223, "activity_lines": [ 25.553334, 25.519546, 25.547262, 25.453753 ] }, { "date": "2023-09-29", "close": 25.27, "volume": 5983, "typical_volume": 8309.15, "trend": 25.326334, "fair_value": 27.460128, "relative_strength": -7.049889, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.542827, "energy": 8.0664, "activity_lines": [ 25.467334, 25.46291, 25.524953, 25.448893 ] }, { "date": "2023-10-06", "close": 25.110001, "volume": 7562, "typical_volume": 7482.25, "trend": 25.327834, "fair_value": 27.459808, "relative_strength": -5.65655, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.0037, "energy": 12.850231, "activity_lines": [ 25.325667, 25.379819, 25.484548, 25.434936 ] }, { "date": "2023-10-13", "close": 25.290001, "volume": 7551, "typical_volume": 7086.1, "trend": 25.347, "fair_value": 27.460866, "relative_strength": -5.939377, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.455543, "energy": 17.517297, "activity_lines": [ 25.288667, 25.357273, 25.46081, 25.432495 ] }, { "date": "2023-10-20", "close": 24.375, "volume": 11183, "typical_volume": 7118.75, "trend": 25.329667, "fair_value": 27.454135, "relative_strength": -5.992513, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.693553, "energy": 49.255769, "activity_lines": [ 24.955, 25.180182, 25.350048, 25.369785 ] }, { "date": "2023-10-27", "close": 24.334999, "volume": 7000, "typical_volume": 6883.25, "trend": 25.292834, "fair_value": 27.449872, "relative_strength": -5.639748, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.288406, "energy": 61.266373, "activity_lines": [ 24.702333, 25.013364, 25.241643, 25.305613 ] }, { "date": "2023-11-03", "close": 25.15, "volume": 6665, "typical_volume": 6765.55, "trend": 25.294167, "fair_value": 27.443077, "relative_strength": -6.895647, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.99487, "energy": 48.390272, "activity_lines": [ 24.793667, 25.003909, 25.2185, 25.296398 ] }, { "date": "2023-11-10", "close": 25.01, "volume": 15355, "typical_volume": 7220.35, "trend": 25.289834, "fair_value": 27.432981, "relative_strength": -6.580343, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.806383, "energy": 53.320815, "activity_lines": [ 24.846333, 24.970546, 25.186929, 25.278065 ] }, { "date": "2023-11-17", "close": 25.26, "volume": 3985, "typical_volume": 7051.75, "trend": 25.308667, "fair_value": 27.422244, "relative_strength": -8.527282, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.417451, "energy": 25.648802, "activity_lines": [ 24.989, 24.996636, 25.180262, 25.27614 ] }, { "date": "2023-11-24", "close": 25.264999, "volume": 9205, "typical_volume": 7129.95, "trend": 25.33, "fair_value": 27.407628, "relative_strength": -8.010023, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.815811, "energy": 19.279035, "activity_lines": [ 25.135333, 25.026454, 25.174881, 25.273323 ] }, { "date": "2023-12-01", "close": 25.35, "volume": 11425, "typical_volume": 7557.65, "trend": 25.35, "fair_value": 27.393077, "relative_strength": -8.863751, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.753528, "energy": 17.084678, "activity_lines": [ 25.250666, 25.081273, 25.177119, 25.274613 ] }, { "date": "2023-12-08", "close": 25.209999, "volume": 8528, "typical_volume": 7493.45, "trend": 25.368, "fair_value": 27.377885, "relative_strength": -10.367727, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.511612, "energy": 17.511318, "activity_lines": [ 25.251666, 25.111909, 25.167452, 25.265581 ] }, { "date": "2023-12-15", "close": 25.65, "volume": 12557, "typical_volume": 7709.3, "trend": 25.389334, "fair_value": 27.364968, "relative_strength": -8.337507, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.733912, "energy": 18.721477, "activity_lines": [ 25.395333, 25.223636, 25.200667, 25.283774 ] }, { "date": "2023-12-22", "close": 25.469999, "volume": 12841, "typical_volume": 8090.1, "trend": 25.3945, "fair_value": 27.352372, "relative_strength": -8.548968, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.243868, "energy": 16.727363, "activity_lines": [ 25.436333, 25.292818, 25.221452, 25.288979 ] }, { "date": "2023-12-29", "close": 25.83, "volume": 5847, "typical_volume": 8125.85, "trend": 25.399833, "fair_value": 27.338109, "relative_strength": -6.884523, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.304626, "energy": 33.978, "activity_lines": [ 25.583333, 25.424181, 25.278762, 25.317075 ] }, { "date": "2024-01-05", "close": 25.620001, "volume": 9685, "typical_volume": 8434.2, "trend": 25.389167, "fair_value": 27.311731, "relative_strength": -7.557951, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.593752, "energy": 35.792934, "activity_lines": [ 25.622667, 25.490909, 25.313738, 25.33128 ] }, { "date": "2024-01-12", "close": 25.415001, "volume": 14180, "typical_volume": 8466.6, "trend": 25.363667, "fair_value": 27.281314, "relative_strength": -8.010722, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.123205, "energy": 24.635902, "activity_lines": [ 25.575667, 25.497, 25.325476, 25.332946 ] }, { "date": "2024-01-19", "close": 24.924999, "volume": 8856, "typical_volume": 8747.1, "trend": 25.353167, "fair_value": 27.244551, "relative_strength": -8.833732, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -18.313528, "energy": 10.224323, "activity_lines": [ 25.351667, 25.409182, 25.28969, 25.304645 ] }, { "date": "2024-01-26", "close": 25.52, "volume": 12234, "typical_volume": 9205.15, "trend": 25.356167, "fair_value": 27.21875, "relative_strength": -6.576159, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.353734, "energy": 4.555685, "activity_lines": [ 25.374333, 25.431091, 25.314643, 25.315409 ] }, { "date": "2024-02-02", "close": 25.525, "volume": 21356, "typical_volume": 9978.9, "trend": 25.368167, "fair_value": 27.181442, "relative_strength": -7.291104, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.875487, "energy": 8.851939, "activity_lines": [ 25.395333, 25.449182, 25.339571, 25.326301 ] }, { "date": "2024-02-09", "close": 26.065001, "volume": 6530, "typical_volume": 9926.4, "trend": 25.382, "fair_value": 27.143237, "relative_strength": -6.394591, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 38.404248, "energy": 21.281692, "activity_lines": [ 25.616667, 25.560727, 25.41719, 25.371258 ] }, { "date": "2024-02-16", "close": 26.530001, "volume": 46042, "typical_volume": 11929.35, "trend": 25.419167, "fair_value": 27.108846, "relative_strength": -6.254339, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 80.272487, "energy": 72.967474, "activity_lines": [ 25.963334, 25.743819, 25.536024, 25.445323 ] }, { "date": "2024-02-23", "close": 26.639999, "volume": 53159, "typical_volume": 14209.2, "trend": 25.419167, "fair_value": 27.089231, "relative_strength": -8.403594, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.312508, "energy": 81.429407, "activity_lines": [ 26.272333, 25.922909, 25.659333, 25.524086 ] }, { "date": "2024-03-01", "close": 26.540001, "volume": 20517, "typical_volume": 14857.5, "trend": 25.439167, "fair_value": 27.068814, "relative_strength": -9.151771, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.941933, "energy": 81.312844, "activity_lines": [ 26.433667, 26.065818, 25.765833, 25.596398 ] }, { "date": "2024-03-08", "close": 26.635, "volume": 95895, "typical_volume": 19093.1, "trend": 25.482333, "fair_value": 27.046218, "relative_strength": -9.872241, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.76272, "energy": 81.468948, "activity_lines": [ 26.558667, 26.206546, 25.875429, 25.673548 ] }, { "date": "2024-03-15", "close": 26.67, "volume": 22434, "typical_volume": 19864.8, "trend": 25.543334, "fair_value": 27.024295, "relative_strength": -10.823115, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.115743, "energy": 77.91234, "activity_lines": [ 26.621333, 26.339, 25.977595, 25.750172 ] }, { "date": "2024-03-22", "close": 26.834999, "volume": 19676, "typical_volume": 20515.35, "trend": 25.596667, "fair_value": 27.006571, "relative_strength": -10.976937, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.530086, "energy": 67.746978, "activity_lines": [ 26.698666, 26.482364, 26.084357, 25.833505 ] }, { "date": "2024-03-29", "close": 27.040001, "volume": 10770, "typical_volume": 20286.1, "trend": 25.638667, "fair_value": 26.98625, "relative_strength": -11.032757, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.592395, "energy": 69.600328, "activity_lines": [ 26.824, 26.637182, 26.202619, 25.926624 ] }, { "date": "2024-04-05", "close": 27.049999, "volume": 17418, "typical_volume": 20957.75, "trend": 25.693167, "fair_value": 26.967821, "relative_strength": -8.810692, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.343539, "energy": 65.314309, "activity_lines": [ 26.926, 26.755364, 26.312167, 26.017677 ] }, { "date": "2024-04-12", "close": 27.205, "volume": 15465, "typical_volume": 21270.75, "trend": 25.740333, "fair_value": 26.94891, "relative_strength": -7.42079, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.048991, "energy": 66.721691, "activity_lines": [ 27.045666, 26.873909, 26.427952, 26.115215 ] }, { "date": "2024-04-19", "close": 26.424999, "volume": 14828, "typical_volume": 21440.9, "trend": 25.773833, "fair_value": 26.925, "relative_strength": -10.273839, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.212173, "energy": 49.187269, "activity_lines": [ 26.867333, 26.820091, 26.460214, 26.159387 ] }, { "date": "2024-04-26", "close": 27.385, "volume": 8721, "typical_volume": 21450.55, "trend": 25.844333, "fair_value": 26.908622, "relative_strength": -7.679946, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.843828, "energy": 54.26339, "activity_lines": [ 27.025333, 26.934272, 26.578786, 26.263333 ] }, { "date": "2024-05-03", "close": 27.905001, "volume": 16366, "typical_volume": 21641.0, "trend": 25.9375, "fair_value": 26.894423, "relative_strength": -4.029546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.237052, "energy": 62.721869, "activity_lines": [ 27.32, 27.127455, 26.736524, 26.39628 ] }, { "date": "2024-05-10", "close": 28.035, "volume": 13004, "typical_volume": 21649.15, "trend": 26.029, "fair_value": 26.888526, "relative_strength": -6.2481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.780944, "energy": 78.860505, "activity_lines": [ 27.600333, 27.321273, 26.895905, 26.531602 ] }, { "date": "2024-05-17", "close": 28.635, "volume": 15912, "typical_volume": 22152.4, "trend": 26.171, "fair_value": 26.883558, "relative_strength": -6.039684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.323428, "energy": 95.128914, "activity_lines": [ 28.015, 27.597, 27.100214, 26.699731 ] }, { "date": "2024-05-24", "close": 28.105, "volume": 13710, "typical_volume": 22353.65, "trend": 26.296667, "fair_value": 26.872789, "relative_strength": -5.069352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.402696, "energy": 86.612768, "activity_lines": [ 28.157667, 27.74, 27.24069, 26.824505 ] }, { "date": "2024-05-31", "close": 27.115, "volume": 61655, "typical_volume": 24727.4, "trend": 26.362167, "fair_value": 26.850513, "relative_strength": -8.081863, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.722615, "energy": 57.253131, "activity_lines": [ 27.858333, 27.676909, 27.275048, 26.877301 ] }, { "date": "2024-06-07", "close": 27.785, "volume": 19746, "typical_volume": 25271.9, "trend": 26.454667, "fair_value": 26.834231, "relative_strength": -5.942788, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.64993, "energy": 48.951185, "activity_lines": [ 27.800333, 27.730545, 27.365119, 26.969097 ] }, { "date": "2024-06-14", "close": 28.190001, "volume": 18107, "typical_volume": 25565.55, "trend": 26.552333, "fair_value": 26.818942, "relative_strength": 1.431822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.053713, "energy": 45.506165, "activity_lines": [ 27.885334, 27.844273, 27.480143, 27.081054 ] }, { "date": "2024-06-21", "close": 28.67, "volume": 19012, "typical_volume": 25448.35, "trend": 26.665833, "fair_value": 26.803141, "relative_strength": 1.317583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.853344, "energy": 50.563619, "activity_lines": [ 28.12, 28.024546, 27.628167, 27.217677 ] }, { "date": "2024-06-28", "close": 28.65, "volume": 21050, "typical_volume": 26174.35, "trend": 26.775833, "fair_value": 26.788814, "relative_strength": 1.804673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.590853, "energy": 57.837687, "activity_lines": [ 28.345667, 28.174546, 27.75931, 27.345688 ] }, { "date": "2024-07-05", "close": 28.85, "volume": 18733, "typical_volume": 24808.9, "trend": 26.897167, "fair_value": 26.780064, "relative_strength": 0.129361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.288394, "energy": 75.920889, "activity_lines": [ 28.601667, 28.320455, 27.897191, 27.479505 ] }, { "date": "2024-07-12", "close": 29.334999, "volume": 85152, "typical_volume": 26408.55, "trend": 27.02, "fair_value": 26.771218, "relative_strength": 0.172601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.333055, "energy": 85.952235, "activity_lines": [ 28.903666, 28.527909, 28.070214, 27.636785 ] }, { "date": "2024-07-19", "close": 28.155001, "volume": 19141, "typical_volume": 26339.75, "trend": 27.1095, "fair_value": 26.759135, "relative_strength": -2.703244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.837757, "energy": 58.86376, "activity_lines": [ 28.709, 28.494818, 28.118024, 27.710011 ] }, { "date": "2024-07-26", "close": 28.004999, "volume": 39086, "typical_volume": 23499.3, "trend": 27.182, "fair_value": 26.751795, "relative_strength": -1.898419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.156414, "energy": 42.832997, "activity_lines": [ 28.466666, 28.432273, 28.143857, 27.767785 ] }, { "date": "2024-08-02", "close": 27.129999, "volume": 34978, "typical_volume": 24126.5, "trend": 27.232333, "fair_value": 26.73609, "relative_strength": 0.495941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.760519, "energy": 13.560368, "activity_lines": [ 27.976999, 28.222091, 28.079833, 27.76443 ] }, { "date": "2024-08-09", "close": 27.49, "volume": 28391, "typical_volume": 24562.25, "trend": 27.3015, "fair_value": 26.723686, "relative_strength": 2.661976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.103369, "energy": 21.962892, "activity_lines": [ 27.708666, 28.095091, 28.047905, 27.781054 ] }, { "date": "2024-08-16", "close": 28.174999, "volume": 9523, "typical_volume": 24499.9, "trend": 27.409833, "fair_value": 26.721987, "relative_strength": 1.307959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.587235, "energy": 22.766943, "activity_lines": [ 27.759333, 28.085818, 28.078095, 27.837408 ] }, { "date": "2024-08-23", "close": 28.035, "volume": 46409, "typical_volume": 25949.45, "trend": 27.493667, "fair_value": 26.71375, "relative_strength": -0.880597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.566716, "energy": 15.469781, "activity_lines": [ 27.840666, 28.044, 28.089547, 27.877742 ] }, { "date": "2024-08-30", "close": 27.940001, "volume": 10036, "typical_volume": 25678.0, "trend": 27.574167, "fair_value": 26.700513, "relative_strength": -3.101453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.546256, "energy": 9.021275, "activity_lines": [ 27.898333, 27.987727, 28.087262, 27.906538 ] }, { "date": "2024-09-06", "close": 26.99, "volume": 6283, "typical_volume": 25250.75, "trend": 27.605, "fair_value": 26.682019, "relative_strength": -3.155291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.858727, "energy": 11.1733, "activity_lines": [ 27.643667, 27.772, 27.991, 27.868849 ] }, { "date": "2024-09-13", "close": 27.645, "volume": 16865, "typical_volume": 25657.95, "trend": 27.642167, "fair_value": 26.671346, "relative_strength": -1.46743, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -9.931577, "energy": 15.553756, "activity_lines": [ 27.616667, 27.705545, 27.954428, 27.87143 ] }, { "date": "2024-09-20", "close": 27.879999, "volume": 14274, "typical_volume": 25553.35, "trend": 27.6835, "fair_value": 26.663494, "relative_strength": -1.055644, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.576103, "energy": 15.976918, "activity_lines": [ 27.657666, 27.703727, 27.939, 27.886774 ] }, { "date": "2024-09-27", "close": 29.83, "volume": 28915, "typical_volume": 26348.9, "trend": 27.793167, "fair_value": 26.668269, "relative_strength": 3.007848, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.242294, "energy": 35.779361, "activity_lines": [ 28.368333, 28.082909, 28.109405, 28.025258 ] }, { "date": "2024-10-04", "close": 30.27, "volume": 34447, "typical_volume": 27275.65, "trend": 27.914333, "fair_value": 26.677372, "relative_strength": 8.057104, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.522441, "energy": 71.109353, "activity_lines": [ 29.106, 28.511636, 28.313167, 28.185054 ] }, { "date": "2024-10-11", "close": 30.094999, "volume": 27147, "typical_volume": 27947.5, "trend": 28.0285, "fair_value": 26.677051, "relative_strength": 5.241302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.468984, "energy": 77.703178, "activity_lines": [ 29.63, 28.867363, 28.492476, 28.325742 ] }, { "date": "2024-10-18", "close": 30.115, "volume": 30662, "typical_volume": 26397.85, "trend": 28.137833, "fair_value": 26.677019, "relative_strength": 2.715157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.100958, "energy": 81.500723, "activity_lines": [ 29.953666, 29.172818, 28.664214, 28.460355 ] }, { "date": "2024-10-25", "close": 29.855, "volume": 27726, "typical_volume": 26796.85, "trend": 28.231667, "fair_value": 26.673558, "relative_strength": 3.160971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.536366, "energy": 78.726208, "activity_lines": [ 30.026, 29.383273, 28.796905, 28.57114 ] }, { "date": "2024-11-01", "close": 29.280001, "volume": 11684, "typical_volume": 26475.7, "trend": 28.306, "fair_value": 26.670577, "relative_strength": 1.542579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.758393, "energy": 61.069772, "activity_lines": [ 29.775, 29.458636, 28.864976, 28.638774 ] }, { "date": "2024-11-08", "close": 29.5, "volume": 65125, "typical_volume": 28781.35, "trend": 28.3825, "fair_value": 26.664007, "relative_strength": 4.91656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.078824, "energy": 43.543699, "activity_lines": [ 29.634, 29.551364, 28.948809, 28.715806 ] }, { "date": "2024-11-15", "close": 29.084999, "volume": 29180, "typical_volume": 29187.85, "trend": 28.471167, "fair_value": 26.656058, "relative_strength": 2.319599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.092008, "energy": 27.432366, "activity_lines": [ 29.406, 29.540273, 28.989166, 28.761129 ] }, { "date": "2024-11-22", "close": 29.59, "volume": 12914, "typical_volume": 28896.9, "trend": 28.544667, "fair_value": 26.660705, "relative_strength": 6.200907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.198006, "energy": 23.34278, "activity_lines": [ 29.413667, 29.582909, 29.075547, 28.833312 ] }, { "date": "2024-11-29", "close": 29.135, "volume": 14561, "typical_volume": 25367.35, "trend": 28.585667, "fair_value": 26.660321, "relative_strength": 4.757966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.39099, "energy": 19.882175, "activity_lines": [ 29.304667, 29.507454, 29.115071, 28.871398 ] }, { "date": "2024-12-06", "close": 29.485001, "volume": 53142, "typical_volume": 27067.4, "trend": 28.634, "fair_value": 26.658398, "relative_strength": 1.898079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.624149, "energy": 19.946156, "activity_lines": [ 29.360334, 29.472818, 29.188881, 28.929419 ] }, { "date": "2024-12-13", "close": 29.76, "volume": 12996, "typical_volume": 25762.9, "trend": 28.6715, "fair_value": 26.661635, "relative_strength": 2.418552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.999091, "energy": 27.171032, "activity_lines": [ 29.494, 29.494455, 29.282548, 29.002064 ] }, { "date": "2024-12-20", "close": 29.405001, "volume": 108243, "typical_volume": 29426.15, "trend": 28.714833, "fair_value": 26.661635, "relative_strength": 4.485935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.563103, "energy": 25.076914, "activity_lines": [ 29.492001, 29.460818, 29.334048, 29.049387 ] }, { "date": "2024-12-27", "close": 29.379999, "volume": 22682, "typical_volume": 29140.7, "trend": 28.790333, "fair_value": 26.659872, "relative_strength": 3.168466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.059849, "energy": 27.284666, "activity_lines": [ 29.460333, 29.435182, 29.372333, 29.092301 ] }, { "date": "2025-01-03", "close": 29.629999, "volume": 59878, "typical_volume": 31658.45, "trend": 28.851833, "fair_value": 26.661058, "relative_strength": 4.083148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.44899, "energy": 30.169777, "activity_lines": [ 29.526, 29.468364, 29.425428, 29.146473 ] }, { "date": "2025-01-10", "close": 29.084999, "volume": 17136, "typical_volume": 30194.8, "trend": 28.881666, "fair_value": 26.655064, "relative_strength": -0.620364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.123743, "energy": 12.077686, "activity_lines": [ 29.376999, 29.406545, 29.41969, 29.161516 ] }, { "date": "2025-01-17", "close": 29.745001, "volume": 115931, "typical_volume": 35489.55, "trend": 28.9175, "fair_value": 26.653365, "relative_strength": -1.659794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.562922, "energy": 22.54839, "activity_lines": [ 29.474666, 29.468273, 29.471809, 29.217215 ] }, { "date": "2025-01-24", "close": 29.68, "volume": 38365, "typical_volume": 37093.65, "trend": 28.951833, "fair_value": 26.657821, "relative_strength": -1.647304, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.267774, "energy": 27.211191, "activity_lines": [ 29.551667, 29.513727, 29.509143, 29.266409 ] }, { "date": "2025-01-31", "close": 30.145, "volume": 8269, "typical_volume": 36663.85, "trend": 28.995, "fair_value": 26.664487, "relative_strength": -0.838531, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.238156, "energy": 39.358452, "activity_lines": [ 29.765333, 29.632909, 29.577952, 29.343387 ] }, { "date": "2025-02-07", "close": 30.35, "volume": 21694, "typical_volume": 37034.85, "trend": 29.028833, "fair_value": 26.667917, "relative_strength": -1.697753, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.962695, "energy": 61.547688, "activity_lines": [ 29.996333, 29.779273, 29.654381, 29.430806 ] }, { "date": "2025-02-14", "close": 30.65, "volume": 7883, "typical_volume": 35983.25, "trend": 29.112, "fair_value": 26.675577, "relative_strength": -3.07124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.917602, "energy": 73.115754, "activity_lines": [ 30.279333, 29.958091, 29.747619, 29.535398 ] }, { "date": "2025-02-21", "close": 31.360001, "volume": 22570, "typical_volume": 35389.4, "trend": 29.223833, "fair_value": 26.694712, "relative_strength": -1.972944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.067841, "energy": 85.437091, "activity_lines": [ 30.694667, 30.244818, 29.904571, 29.68043 ] }, { "date": "2025-02-28", "close": 30.075001, "volume": 17341, "typical_volume": 34899.1, "trend": 29.322, "fair_value": 26.710257, "relative_strength": -6.498702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.864389, "energy": 68.385446, "activity_lines": [ 30.574001, 30.268818, 29.933953, 29.735344 ] }, { "date": "2025-03-07", "close": 29.584999, "volume": 25330, "typical_volume": 34632.5, "trend": 29.391833, "fair_value": 26.729295, "relative_strength": -7.808765, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.967757, "energy": 36.104924, "activity_lines": [ 30.263667, 30.191546, 29.916762, 29.752312 ] }, { "date": "2025-03-14", "close": 29.77, "volume": 19911, "typical_volume": 34241.75, "trend": 29.445, "fair_value": 26.742532, "relative_strength": -7.347528, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.079634, "energy": 21.274685, "activity_lines": [ 30.052333, 30.144182, 29.919714, 29.77671 ] }, { "date": "2025-03-21", "close": 30.025, "volume": 20571, "typical_volume": 34686.1, "trend": 29.511333, "fair_value": 26.757148, "relative_strength": -7.439833, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.000152, "energy": 21.158799, "activity_lines": [ 29.964667, 30.140636, 29.947357, 29.814129 ] }, { "date": "2025-03-28", "close": 29.475, "volume": 296787, "typical_volume": 46269.2, "trend": 29.5625, "fair_value": 26.765385, "relative_strength": -8.40212, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.77939, "energy": 17.899745, "activity_lines": [ 29.735333, 30.02, 29.919071, 29.811785 ] }, { "date": "2025-04-04", "close": 26.795, "volume": 59683, "typical_volume": 47794.35, "trend": 29.556, "fair_value": 26.756731, "relative_strength": -6.853966, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -52.025211, "energy": 56.830965, "activity_lines": [ 28.738333, 29.417, 29.635667, 29.633237 ] }, { "date": "2025-04-11", "close": 26.424999, "volume": 38203, "typical_volume": 49058.8, "trend": 29.515333, "fair_value": 26.745705, "relative_strength": -6.400519, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.229099, "energy": 87.529392, "activity_lines": [ 27.836666, 28.799182, 29.327929, 29.431237 ] }, { "date": "2025-04-18", "close": 26.85, "volume": 7501, "typical_volume": 48705.8, "trend": 29.481, "fair_value": 26.745385, "relative_strength": -9.986475, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.667102, "energy": 88.584087, "activity_lines": [ 27.287333, 28.326273, 29.075738, 29.25928 ] }, { "date": "2025-04-25", "close": 27.615, "volume": 11618, "typical_volume": 46629.6, "trend": 29.407167, "fair_value": 26.745609, "relative_strength": -10.688195, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.878042, "energy": 83.251661, "activity_lines": [ 27.187666, 28.056091, 28.907286, 29.138892 ] }, { "date": "2025-05-02", "close": 28.790001, "volume": 7743, "typical_volume": 46366.95, "trend": 29.357833, "fair_value": 26.760096, "relative_strength": -9.102745, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.441034, "energy": 68.504058, "activity_lines": [ 27.640334, 28.054727, 28.859643, 29.099075 ] }, { "date": "2025-05-09", "close": 29.07, "volume": 5806, "typical_volume": 41245.1, "trend": 29.323667, "fair_value": 26.780192, "relative_strength": -10.500945, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.410499, "energy": 31.965755, "activity_lines": [ 28.232, 28.151, 28.843286, 29.080505 ] }, { "date": "2025-05-16", "close": 30.120001, "volume": 4161, "typical_volume": 40319.05, "trend": 29.323833, "fair_value": 26.803558, "relative_strength": -10.058772, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.985718, "energy": 19.290162, "activity_lines": [ 29.022001, 28.456455, 28.928524, 29.131882 ] }, { "date": "2025-05-23", "close": 29.58, "volume": 36622, "typical_volume": 39156.25, "trend": 29.314667, "fair_value": 26.826506, "relative_strength": -8.889317, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 4.284417, "energy": 24.484357, "activity_lines": [ 29.385667, 28.654, 28.95881, 29.148409 ] }, { "date": "2025-05-30", "close": 29.105, "volume": 8976, "typical_volume": 38748.25, "trend": 29.308833, "fair_value": 26.838878, "relative_strength": -11.596831, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 2.363248, "energy": 22.679713, "activity_lines": [ 29.409, 28.768637, 28.944095, 29.134882 ] }, { "date": "2025-06-06", "close": 30.0, "volume": 5582, "typical_volume": 33230.8, "trend": 29.3255, "fair_value": 26.857789, "relative_strength": -9.901752, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.13044, "energy": 29.499162, "activity_lines": [ 29.631333, 29.062727, 29.014524, 29.179473 ] }, { "date": "2025-06-13", "close": 29.655001, "volume": 1820, "typical_volume": 31403.55, "trend": 29.3445, "fair_value": 26.882853, "relative_strength": -8.072104, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.057728, "energy": 21.637301, "activity_lines": [ 29.658, 29.284546, 29.050881, 29.200731 ] }, { "date": "2025-06-20", "close": 29.620001, "volume": 35955, "typical_volume": 32787.85, "trend": 29.3455, "fair_value": 26.904199, "relative_strength": -7.463789, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.386258, "energy": 18.2579, "activity_lines": [ 29.634001, 29.448, 29.084024, 29.218506 ] }, { "date": "2025-06-27", "close": 30.23, "volume": 235926, "typical_volume": 43499.45, "trend": 29.382, "fair_value": 26.930898, "relative_strength": -6.544446, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.602016, "energy": 25.589441, "activity_lines": [ 29.846667, 29.664273, 29.177762, 29.27557 ] }, { "date": "2025-07-04", "close": 30.120001, "volume": 9654, "typical_volume": 43588.0, "trend": 29.403167, "fair_value": 26.951058, "relative_strength": -6.406468, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.245515, "energy": 35.762333, "activity_lines": [ 29.979334, 29.799091, 29.261596, 29.323183 ] }, { "date": "2025-07-11", "close": 30.245001, "volume": 22062, "typical_volume": 43562.6, "trend": 29.419334, "fair_value": 26.978013, "relative_strength": -6.880893, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.628481, "energy": 47.096398, "activity_lines": [ 30.086001, 29.911092, 29.359858, 29.377495 ] }, { "date": "2025-07-18", "close": 30.92, "volume": 14661, "typical_volume": 43428.6, "trend": 29.469833, "fair_value": 27.00734, "relative_strength": -5.229699, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.516947, "energy": 74.377004, "activity_lines": [ 30.401334, 30.119364, 29.527715, 29.474312 ] }, { "date": "2025-07-25", "close": 30.865, "volume": 19496, "typical_volume": 43136.9, "trend": 29.519334, "fair_value": 27.03641, "relative_strength": -6.203078, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.156309, "energy": 77.172938, "activity_lines": [ 30.614, 30.284, 29.68631, 29.564323 ] }, { "date": "2025-08-01", "close": 30.615, "volume": 17559, "typical_volume": 43019.3, "trend": 29.552167, "fair_value": 27.062532, "relative_strength": -4.956137, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.55863, "energy": 73.637152, "activity_lines": [ 30.660334, 30.389637, 29.815, 29.635011 ] }, { "date": "2025-08-08", "close": 31.125, "volume": 13535, "typical_volume": 42667.5, "trend": 29.620167, "fair_value": 27.08984, "relative_strength": -7.015318, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.760263, "energy": 78.592504, "activity_lines": [ 30.851, 30.569182, 29.988238, 29.736484 ] }, { "date": "2025-08-15", "close": 31.514999, "volume": 12128, "typical_volume": 28434.55, "trend": 29.679167, "fair_value": 27.118654, "relative_strength": -7.872843, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.364068, "energy": 84.326356, "activity_lines": [ 31.104666, 30.782909, 30.193381, 29.858731 ] }, { "date": "2025-08-22", "close": 31.690001, "volume": 25720, "typical_volume": 26736.4, "trend": 29.746167, "fair_value": 27.147372, "relative_strength": -8.541978, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.475224, "energy": 85.719414, "activity_lines": [ 31.332, 31.000909, 30.405476, 29.988463 ] }, { "date": "2025-08-29", "close": 31.395, "volume": 48080, "typical_volume": 27230.25, "trend": 29.787834, "fair_value": 27.179039, "relative_strength": -6.847191, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.396955, "energy": 81.871542, "activity_lines": [ 31.409667, 31.128273, 30.566167, 30.094839 ] }, { "date": "2025-09-05", "close": 31.584999, "volume": 14730, "typical_volume": 27591.7, "trend": 29.829, "fair_value": 27.213045, "relative_strength": -4.840776, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.595509, "energy": 84.140474, "activity_lines": [ 31.515333, 31.257909, 30.721286, 30.210785 ] }, { "date": "2025-09-12", "close": 32.865002, "volume": 27709, "typical_volume": 28396.25, "trend": 29.902834, "fair_value": 27.25359, "relative_strength": -3.092642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.176813, "energy": 92.597956, "activity_lines": [ 31.983, 31.595637, 30.975762, 30.406656 ] }, { "date": "2025-09-19", "close": 33.209999, "volume": 31494, "typical_volume": 29583.8, "trend": 29.9645, "fair_value": 27.303814, "relative_strength": -1.390183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.373559, "energy": 95.050334, "activity_lines": [ 32.449667, 31.946182, 31.238095, 30.620022 ] }, { "date": "2025-09-26", "close": 33.064999, "volume": 27893, "typical_volume": 30688.15, "trend": 30.064167, "fair_value": 27.359776, "relative_strength": -2.392392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.996647, "energy": 92.596032, "activity_lines": [ 32.755, 32.216454, 31.465571, 30.820054 ] }, { "date": "2025-10-03", "close": 34.055, "volume": 29431, "typical_volume": 31951.65, "trend": 30.213167, "fair_value": 27.418205, "relative_strength": -0.61838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.364077, "energy": 96.509134, "activity_lines": [ 33.298666, 32.627727, 31.76831, 31.077527 ] }, { "date": "2025-10-10", "close": 33.314999, "volume": 30122, "typical_volume": 31626.65, "trend": 30.331333, "fair_value": 27.477917, "relative_strength": 0.226379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.154165, "energy": 83.949147, "activity_lines": [ 33.418333, 32.846454, 31.981833, 31.277645 ] }, { "date": "2025-10-17", "close": 34.035, "volume": 96379, "typical_volume": 35996.8, "trend": 30.465, "fair_value": 27.541314, "relative_strength": 3.204959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.084979, "energy": 71.843095, "activity_lines": [ 33.662666, 33.147, 32.246143, 31.516591 ] }, { "date": "2025-10-24", "close": 34.700001, "volume": 11039, "typical_volume": 36269.65, "trend": 30.639167, "fair_value": 27.614872, "relative_strength": 3.521349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.671553, "energy": 74.329658, "activity_lines": [ 34.050667, 33.515545, 32.55031, 31.789817 ] }, { "date": "2025-10-31", "close": 35.294998, "volume": 67392, "typical_volume": 39548.25, "trend": 30.9225, "fair_value": 27.68625, "relative_strength": 3.686494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.69981, "energy": 75.044108, "activity_lines": [ 34.537666, 33.934363, 32.888762, 32.090193 ] }, { "date": "2025-11-07", "close": 34.375, "volume": 46107, "typical_volume": 40055.85, "trend": 31.1875, "fair_value": 27.746186, "relative_strength": 1.765734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.589395, "energy": 66.997448, "activity_lines": [ 34.569333, 34.120363, 33.112738, 32.312935 ] }, { "date": "2025-11-14", "close": 35.009998, "volume": 36663, "typical_volume": 30092.7, "trend": 31.4595, "fair_value": 27.809936, "relative_strength": 1.244095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.860444, "energy": 68.878039, "activity_lines": [ 34.791332, 34.367636, 33.374547, 32.559548 ] }, { "date": "2025-11-21", "close": 33.724998, "volume": 27010, "typical_volume": 30960.5, "trend": 31.663167, "fair_value": 27.865449, "relative_strength": 0.804498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.080502, "energy": 59.464492, "activity_lines": [ 34.471999, 34.318999, 33.491214, 32.705709 ] }, { "date": "2025-11-28", "close": 34.455002, "volume": 30322, "typical_volume": 31373.5, "trend": 31.852, "fair_value": 27.921827, "relative_strength": 1.527935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.994481, "energy": 50.551844, "activity_lines": [ 34.416666, 34.387454, 33.660238, 32.885828 ] }, { "date": "2025-12-05", "close": 34.775002, "volume": 53288, "typical_volume": 33304.85, "trend": 32.042167, "fair_value": 27.980609, "relative_strength": 2.411917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.402058, "energy": 47.018398, "activity_lines": [ 34.484334, 34.491455, 33.83969, 33.074409 ] }, { "date": "2025-12-12", "close": 34.09, "volume": 21890, "typical_volume": 33424.55, "trend": 32.1745, "fair_value": 28.040962, "relative_strength": 0.379479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.150912, "energy": 35.612462, "activity_lines": [ 34.358334, 34.439818, 33.935547, 33.206527 ] }, { "date": "2025-12-19", "close": 34.395, "volume": 48259, "typical_volume": 34959.55, "trend": 32.335, "fair_value": 28.10343, "relative_strength": -1.288318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.138744, "energy": 36.132517, "activity_lines": [ 34.353001, 34.443, 34.045095, 33.349785 ] }, { "date": "2025-12-26", "close": 34.360001, "volume": 1463, "typical_volume": 34355.95, "trend": 32.510167, "fair_value": 28.165641, "relative_strength": -0.835069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.550859, "energy": 33.180345, "activity_lines": [ 34.377001, 34.420182, 34.13331, 33.48043 ] }, { "date": "2026-01-02", "close": 35.709999, "volume": 6193, "typical_volume": 34059.2, "trend": 32.7005, "fair_value": 28.229359, "relative_strength": 1.523023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.270258, "energy": 49.459183, "activity_lines": [ 34.808667, 34.636909, 34.33469, 33.686871 ] }, { "date": "2026-01-09", "close": 36.584999, "volume": 32657, "typical_volume": 34406.05, "trend": 32.9315, "fair_value": 28.293942, "relative_strength": 3.29919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.810951, "energy": 74.984526, "activity_lines": [ 35.448333, 34.994364, 34.599428, 33.937484 ] }, { "date": "2026-01-16", "close": 37.224998, "volume": 60293, "typical_volume": 35016.7, "trend": 33.185, "fair_value": 28.362949, "relative_strength": 4.939569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.213782, "energy": 91.653492, "activity_lines": [ 36.180666, 35.444727, 34.901809, 34.214484 ] }, { "date": "2026-01-23", "close": 37.424999, "volume": 33053, "typical_volume": 35932.85, "trend": 33.424833, "fair_value": 28.428718, "relative_strength": 7.741481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.75353, "energy": 92.465635, "activity_lines": [ 36.770666, 35.879636, 35.195476, 34.488032 ] }, { "date": "2026-01-30", "close": 37.66, "volume": 46974, "typical_volume": 36896.1, "trend": 33.676166, "fair_value": 28.500609, "relative_strength": 6.761149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.329165, "energy": 91.457618, "activity_lines": [ 37.236999, 36.313363, 35.483714, 34.761269 ] }, { "date": "2026-02-06", "close": 38.150002, "volume": 39999, "typical_volume": 37321.35, "trend": 33.939667, "fair_value": 28.575769, "relative_strength": 7.291757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.15816, "energy": 91.852298, "activity_lines": [ 37.646667, 36.764636, 35.795786, 35.049903 ] }, { "date": "2026-02-13", "close": 38.744999, "volume": 35269, "typical_volume": 37690.15, "trend": 34.2005, "fair_value": 28.657789, "relative_strength": 9.909964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.955617, "energy": 90.288299, "activity_lines": [ 38.092, 37.256909, 36.141, 35.359925 ] }, { "date": "2026-02-20", "close": 39.695, "volume": 23180, "typical_volume": 37377.6, "trend": 34.494833, "fair_value": 28.749295, "relative_strength": 9.976709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.892082, "energy": 93.528777, "activity_lines": [ 38.71, 37.849727, 36.549643, 35.714408 ] }, { "date": "2026-02-27", "close": 40.165001, "volume": 45615, "typical_volume": 38152.25, "trend": 34.813167, "fair_value": 28.841122, "relative_strength": 9.344751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.336676, "energy": 92.195479, "activity_lines": [ 39.32, 38.426091, 36.97619, 36.080226 ] }, { "date": "2026-03-06", "close": 37.540001, "volume": 43812, "typical_volume": 35523.9, "trend": 35.027, "fair_value": 28.92109, "relative_strength": 9.051344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.927349, "energy": 65.262358, "activity_lines": [ 38.872334, 38.420273, 37.120119, 36.25615 ] }, { "date": "2026-03-13", "close": 37.625, "volume": 137121, "typical_volume": 41828.0, "trend": 35.230667, "fair_value": 29.003846, "relative_strength": 8.679956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.853882, "energy": 54.212403, "activity_lines": [ 38.461, 38.372091, 37.255452, 36.423763 ] }, { "date": "2026-03-20", "close": 36.959999, "volume": 48248, "typical_volume": 40870.8, "trend": 35.406333, "fair_value": 29.081186, "relative_strength": 10.183485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.689513, "energy": 32.080756, "activity_lines": [ 37.863, 38.168182, 37.313524, 36.535333 ] }, { "date": "2026-03-27", "close": 36.535, "volume": 49735, "typical_volume": 41052.2, "trend": 35.577666, "fair_value": 29.152308, "relative_strength": 7.351148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.709088, "energy": 26.660994, "activity_lines": [ 37.242333, 37.880182, 37.32319, 36.60815 ] }, { "date": "2026-04-03", "close": 37.185001, "volume": 84694, "typical_volume": 43453.75, "trend": 35.764333, "fair_value": 29.229712, "relative_strength": 3.776374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.78197, "energy": 24.118976, "activity_lines": [ 37.049, 37.722909, 37.384476, 36.711849 ] }, { "date": "2026-04-10", "close": 39.384998, "volume": 27502, "typical_volume": 43478.35, "trend": 35.981666, "fair_value": 29.321026, "relative_strength": 5.205049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.200316, "energy": 24.347112, "activity_lines": [ 37.787666, 37.97, 37.644928, 36.945441 ] }, { "date": "2026-04-17", "close": 41.115002, "volume": 24630, "typical_volume": 43193.75, "trend": 36.245167, "fair_value": 29.426282, "relative_strength": 6.746329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.847314, "energy": 47.55821, "activity_lines": [ 38.98, 38.500273, 38.043191, 37.276624 ] }, { "date": "2026-04-24", "close": 41.5, "volume": 101568, "typical_volume": 45607.75, "trend": 36.526333, "fair_value": 29.534455, "relative_strength": 10.135199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.879472, "energy": 77.504093, "activity_lines": [ 40.068, 39.046637, 38.446405, 37.615645 ] }, { "date": "2026-05-01", "close": 41.5, "volume": 11848, "typical_volume": 45105.65, "trend": 36.7745, "fair_value": 29.641827, "relative_strength": 8.500644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.72851, "energy": 83.635781, "activity_lines": [ 40.853334, 39.542909, 38.817595, 37.936527 ] }, { "date": "2026-05-08", "close": 44.154999, "volume": 35861, "typical_volume": 44485.75, "trend": 37.135833, "fair_value": 29.766731, "relative_strength": 12.567012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.061595, "energy": 94.066354, "activity_lines": [ 42.192666, 40.489091, 39.406357, 38.412688 ] }, { "date": "2026-05-15", "close": 43.185001, "volume": 39918, "typical_volume": 46408.5, "trend": 37.440833, "fair_value": 29.883237, "relative_strength": 10.115899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.687728, "energy": 89.178329, "activity_lines": [ 42.744, 41.186364, 39.856262, 38.802957 ] }, { "date": "2026-05-22", "close": 43.994999, "volume": 25839, "typical_volume": 47390.8, "trend": 37.750667, "fair_value": 30.002981, "relative_strength": 10.914304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.518971, "energy": 88.956659, "activity_lines": [ 43.312, 41.928273, 40.341286, 39.225806 ] }, { "date": "2026-05-29", "close": 45.415001, "volume": 22762, "typical_volume": 46896.05, "trend": 38.088, "fair_value": 30.129551, "relative_strength": 12.798978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.002611, "energy": 90.43201, "activity_lines": [ 44.161333, 42.812546, 40.922095, 39.72028 ] }, { "date": "2026-06-05", "close": 43.935001, "volume": 10130, "typical_volume": 44387.9, "trend": 38.406667, "fair_value": 30.244904, "relative_strength": 9.06861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.196443, "energy": 74.635084, "activity_lines": [ 44.256334, 43.274, 41.319905, 40.097505 ] }, { "date": "2026-06-12", "close": 45.305, "volume": 10495, "typical_volume": 43260.0, "trend": 38.749833, "fair_value": 30.3675, "relative_strength": 8.635693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.291763, "energy": 75.708034, "activity_lines": [ 44.645667, 43.85, 41.816238, 40.542559 ] }, { "date": "2026-06-19", "close": 47.049999, "volume": 10685, "typical_volume": 41445.55, "trend": 39.194, "fair_value": 30.507308, "relative_strength": 9.581816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.185605, "energy": 86.993278, "activity_lines": [ 45.54, 44.595636, 42.441238, 41.078054 ] }, { "date": "2026-06-26", "close": 45.490002, "volume": 5345, "typical_volume": 39712.85, "trend": 39.561833, "fair_value": 30.635897, "relative_strength": 8.895559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.405208, "energy": 65.18091, "activity_lines": [ 45.656667, 44.918273, 42.872953, 41.484247 ] }, { "date": "2026-07-03", "close": 45.869999, "volume": 10870, "typical_volume": 38492.9, "trend": 39.931667, "fair_value": 30.768622, "relative_strength": 6.303023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.627405, "energy": 65.506128, "activity_lines": [ 45.800333, 45.230455, 43.305905, 41.891226 ] }, { "date": "2026-07-10", "close": 45.275002, "volume": 49033, "typical_volume": 39785.55, "trend": 40.3045, "fair_value": 30.894423, "relative_strength": 5.071115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.324175, "energy": 61.404688, "activity_lines": [ 45.715334, 45.355, 43.648262, 42.235957 ] }, { "date": "2026-07-17", "close": 42.650002, "volume": 20410, "typical_volume": 38525.3, "trend": 40.579667, "fair_value": 31.004904, "relative_strength": 0.246127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.251261, "energy": 38.196453, "activity_lines": [ 44.666001, 44.933637, 43.714048, 42.38728 ] }, { "date": "2026-07-24", "close": 43.375, "volume": 26729, "typical_volume": 37671.15, "trend": 40.880167, "fair_value": 31.11218, "relative_strength": 1.917735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.592183, "energy": 25.017504, "activity_lines": [ 44.035334, 44.671455, 43.837048, 42.567624 ] }, { "date": "2026-07-31", "close": 43.044998, "volume": 51151, "typical_volume": 33372.65, "trend": 41.124667, "fair_value": 31.221827, "relative_strength": 0.285611, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.784332, "energy": 24.838569, "activity_lines": [ 43.539667, 44.345818, 43.900834, 42.707291 ] }, { "date": "2026-08-07", "close": 43.775002, "volume": 51571, "typical_volume": 33538.8, "trend": 41.364334, "fair_value": 31.34, "relative_strength": -1.1003, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.281622, "energy": 25.161152, "activity_lines": [ 43.450334, 44.170182, 44.008334, 42.87828 ] } ], "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." } } }