{ "ticker": { "uuid": "b7b25f91-457b-4090-b35b-26e99770f242", "symbol": "ZJUL", "name": "Innovator Equity Defined Protection ETF - 1 Yr July", "exchange": "CBOE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.189, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.371, "architecture_energy": 74.321, "architecture_maturity": 59.787, "architecture_confidence": 72.666, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 4.67, "rotation_up": 68.56, "upward_expansion": 87.67, "deceleration": 64.7, "rotation_down": 24.58, "downward_expansion": 12.0 }, "activity_lines": [ 30.076233, 30.012949, 29.893296, 29.740882 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 30.2407, "trend_reference": 29.5526, "distance_from_trend": 0.023284, "trend_direction": "Improving", "fair_value": 28.089833, "distance_from_fair_value": 0.076571, "fair_value_direction": "Improving", "relative_strength": -7.883631, "relative_strength_direction": "Improving", "price_momentum": 0.035612, "excess_performance": -0.090013, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023284, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011422, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.076571, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.01032, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078836, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00484, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.035612, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.64115, "read": "Demand-led" } ], "volume": { "latest": 113918, "relative_activity": 0.547725, "balance": 3.64115, "dry_up": 1.287013, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.004063, "annualized_volatility": 0.022973, "from_high_reference": -0.001628, "from_low_reference": 0.065188 }, "levels": { "trend_reference": 29.5526, "fair_value_reference": 28.089833, "structural_low": 28.8001, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.001997, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.007541, "regime_survival": 0.833333, "best_return": 0.005914, "worst_return": -0.001477, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.009883, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.000231, "regime_survival": 0.5, "best_return": 0.011659, "worst_return": 0.008107, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.029566, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.063943, "regime_survival": 1.0, "best_return": 0.029566, "worst_return": 0.029566, "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": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-27", "tenure": "Developing", "return": -0.009176, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.013731, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.021991, "active": true } ], "chart_path": [ { "date": "2024-07-05", "close": 26.1, "volume": 3011521, "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": "2024-07-12", "close": 26.24, "volume": 1083474, "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": "2024-07-19", "close": 26.13, "volume": 894051, "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": "2024-07-26", "close": 26.09, "volume": 564129, "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": "2024-08-02", "close": 26.08, "volume": 428079, "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": "2024-08-09", "close": 26.0154, "volume": 592818, "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": "2024-08-16", "close": 26.34, "volume": 214774, "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": "2024-08-23", "close": 26.4543, "volume": 124960, "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": "2024-08-30", "close": 26.4997, "volume": 195861, "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": "2024-09-06", "close": 26.22, "volume": 194633, "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": "2024-09-13", "close": 26.57, "volume": 135235, "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": 26.63, "volume": 79834, "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": 26.7243, "volume": 148080, "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": 26.74, "volume": 274815, "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": 26.83, "volume": 234200, "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": 26.88, "volume": 118703, "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": 26.8366, "volume": 111501, "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": 26.7518, "volume": 67572, "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": 27.0199, "volume": 196449, "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": 26.9098, "volume": 35881, "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": 27.035, "volume": 180901, "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": 27.12, "volume": 10921, "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": 27.1723, "volume": 46585, "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": 27.1671, "volume": 32987, "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": 27.0506, "volume": 24942, "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": 27.11, "volume": 13593, "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": 27.15, "volume": 15582, "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": 27.0202, "volume": 200055, "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": 27.24, "volume": 22547, "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": 27.3693, "volume": 19835, "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": 27.318, "volume": 49670, "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": 27.3298, "volume": 46471, "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": 27.4432, "volume": 85699, "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": 27.3698, "volume": 94243, "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": 27.297, "volume": 70632, "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": 27.0393, "volume": 111362, "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": 26.81, "volume": 72094, "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": 26.86, "volume": 18272, "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": 26.7392, "volume": 61224, "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": 26.04, "volume": 56028, "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": 26.5037, "volume": 373717, "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": 26.2039, "volume": 309768, "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": 26.6426, "volume": 152280, "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": 27.07, "volume": 36519, "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": 26.96, "volume": 375767, "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": 27.6248, "volume": 58412, "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": 27.3416, "volume": 94740, "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": 27.6043, "volume": 18559, "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": 27.8449, "volume": 50469, "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": 27.83, "volume": 36479, "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": 27.8955, "volume": 81806, "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": 28.22, "volume": 77147, "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": 28.29, "volume": 2355806, "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": 28.27, "volume": 434599, "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": 28.32, "volume": 447455, "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": 28.41, "volume": 152263, "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": 28.34, "volume": 167404, "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": 28.4, "volume": 99081, "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": 28.49, "volume": 44760, "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": 28.55, "volume": 25645, "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": 28.51, "volume": 95281, "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": 28.5951, "volume": 33342, "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": 28.64, "volume": 18990, "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": 28.7199, "volume": 49282, "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": 28.7254, "volume": 44545, "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": 28.79, "volume": 104513, "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": 28.7001, "volume": 144193, "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": 28.765, "volume": 53298, "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": 28.8902, "volume": 56858, "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": 28.8401, "volume": 76969, "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": 28.8001, "volume": 322910, "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": 28.8239, "volume": 42914, "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": 28.7613, "volume": 39885, "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": 28.94, "volume": 8384, "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": 28.96, "volume": 95526, "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": 28.96, "volume": 52364, "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": 29.0, "volume": 50644, "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": 29.08, "volume": 47270, "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": 29.0761, "volume": 35471, "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": 29.1725, "volume": 88245, "typical_volume": 73044.2, "trend": 28.664507, "fair_value": 27.541295, "relative_strength": -7.52932, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.991601, "energy": 69.795209, "activity_lines": [ 29.091127, 29.020031, 28.924481, 28.824674 ] }, { "date": "2026-01-16", "close": 29.185, "volume": 39836, "typical_volume": 70271.95, "trend": 28.70749, "fair_value": 27.561588, "relative_strength": -7.01306, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.236945, "energy": 77.846651, "activity_lines": [ 29.133553, 29.061415, 28.957578, 28.858254 ] }, { "date": "2026-01-23", "close": 29.17, "volume": 23341, "typical_volume": 69771.9, "trend": 28.739157, "fair_value": 27.581202, "relative_strength": -6.605652, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.004685, "energy": 63.886373, "activity_lines": [ 29.15598, 29.093073, 28.986031, 28.888094 ] }, { "date": "2026-01-30", "close": 29.2, "volume": 45615, "typical_volume": 71103.15, "trend": 28.76949, "fair_value": 27.600706, "relative_strength": -6.732342, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.17588, "energy": 59.821559, "activity_lines": [ 29.177073, 29.123893, 29.014605, 28.917826 ] }, { "date": "2026-02-06", "close": 29.2008, "volume": 20282, "typical_volume": 69653.15, "trend": 28.800517, "fair_value": 27.619755, "relative_strength": -6.398595, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.998026, "energy": 55.743372, "activity_lines": [ 29.190433, 29.146882, 29.040588, 28.945652 ] }, { "date": "2026-02-13", "close": 29.1902, "volume": 25521, "typical_volume": 68701.95, "trend": 28.829523, "fair_value": 27.638231, "relative_strength": -5.105259, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.381274, "energy": 50.054589, "activity_lines": [ 29.191947, 29.163202, 29.063271, 28.970793 ] }, { "date": "2026-02-20", "close": 29.2548, "volume": 84303, "typical_volume": 67691.45, "trend": 28.857683, "fair_value": 27.657028, "relative_strength": -5.805266, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.019288, "energy": 50.826703, "activity_lines": [ 29.213813, 29.187082, 29.089893, 28.99823 ] }, { "date": "2026-02-27", "close": 29.2654, "volume": 36150, "typical_volume": 62289.3, "trend": 28.88853, "fair_value": 27.675515, "relative_strength": -5.14405, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.382345, "energy": 49.846051, "activity_lines": [ 29.23456, 29.207529, 29.115312, 29.024534 ] }, { "date": "2026-03-06", "close": 29.1879, "volume": 32955, "typical_volume": 61272.15, "trend": 28.914793, "fair_value": 27.692701, "relative_strength": -3.311223, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.032127, "energy": 42.292457, "activity_lines": [ 29.223113, 29.20906, 29.130658, 29.043849 ] }, { "date": "2026-03-13", "close": 29.09, "volume": 16164, "typical_volume": 59237.45, "trend": 28.934793, "fair_value": 27.708401, "relative_strength": -1.988137, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.981249, "energy": 29.594753, "activity_lines": [ 29.17984, 29.190829, 29.134666, 29.055152 ] }, { "date": "2026-03-20", "close": 29.0188, "volume": 107428, "typical_volume": 60760.4, "trend": 28.95042, "fair_value": 27.722961, "relative_strength": -0.289271, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.54376, "energy": 15.366623, "activity_lines": [ 29.12022, 29.1594, 29.130941, 29.060572 ] }, { "date": "2026-03-27", "close": 28.9048, "volume": 18457, "typical_volume": 45537.75, "trend": 28.96358, "fair_value": 27.735948, "relative_strength": 1.721709, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -5.552468, "energy": 17.394087, "activity_lines": [ 29.034027, 29.110038, 29.115509, 29.057629 ] }, { "date": "2026-04-03", "close": 29.1448, "volume": 333720, "typical_volume": 60078.05, "trend": 28.981903, "fair_value": 27.751262, "relative_strength": -0.505415, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.662466, "energy": 18.425141, "activity_lines": [ 29.051167, 29.109407, 29.122435, 29.06932 ] }, { "date": "2026-04-10", "close": 29.409, "volume": 34103, "typical_volume": 59788.95, "trend": 29.007537, "fair_value": 27.769087, "relative_strength": -2.805268, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.093505, "energy": 25.12912, "activity_lines": [ 29.164413, 29.157271, 29.152995, 29.096875 ] }, { "date": "2026-04-17", "close": 29.545, "volume": 58563, "typical_volume": 62297.9, "trend": 29.03504, "fair_value": 27.78798, "relative_strength": -6.22014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.980373, "energy": 55.243308, "activity_lines": [ 29.308253, 29.226062, 29.193423, 29.13155 ] }, { "date": "2026-04-24", "close": 29.59, "volume": 55448, "typical_volume": 60294.0, "trend": 29.06386, "fair_value": 27.806948, "relative_strength": -6.272754, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.365128, "energy": 78.765004, "activity_lines": [ 29.43676, 29.296776, 29.235256, 29.167354 ] }, { "date": "2026-05-01", "close": 29.6551, "volume": 20372, "typical_volume": 58694.4, "trend": 29.092697, "fair_value": 27.8262, "relative_strength": -6.650488, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.36507, "energy": 85.641904, "activity_lines": [ 29.548887, 29.372058, 29.280289, 29.205498 ] }, { "date": "2026-05-08", "close": 29.6902, "volume": 41957, "typical_volume": 58260.05, "trend": 29.1257, "fair_value": 27.845416, "relative_strength": -8.367615, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.283371, "energy": 86.902219, "activity_lines": [ 29.622693, 29.446444, 29.325355, 29.244047 ] }, { "date": "2026-05-15", "close": 29.7152, "volume": 41463, "typical_volume": 57969.7, "trend": 29.157373, "fair_value": 27.864496, "relative_strength": -8.208572, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.191649, "energy": 86.641119, "activity_lines": [ 29.668473, 29.517651, 29.369515, 29.282079 ] }, { "date": "2026-05-22", "close": 29.765, "volume": 55972, "typical_volume": 58994.75, "trend": 29.186533, "fair_value": 27.883693, "relative_strength": -8.537855, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.485057, "energy": 86.634865, "activity_lines": [ 29.71044, 29.588325, 29.415393, 29.321281 ] }, { "date": "2026-05-29", "close": 29.8101, "volume": 25544, "typical_volume": 55859.7, "trend": 29.218867, "fair_value": 27.902957, "relative_strength": -9.393831, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.800976, "energy": 82.432904, "activity_lines": [ 29.752773, 29.654927, 29.462286, 29.361511 ] }, { "date": "2026-06-05", "close": 29.8002, "volume": 59270, "typical_volume": 56831.4, "trend": 29.252203, "fair_value": 27.921742, "relative_strength": -6.827135, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.41138, "energy": 77.89678, "activity_lines": [ 29.777133, 29.705342, 29.5052, 29.399017 ] }, { "date": "2026-06-12", "close": 29.85, "volume": 28135, "typical_volume": 57071.1, "trend": 29.286407, "fair_value": 27.940646, "relative_strength": -6.914702, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.230595, "energy": 77.32515, "activity_lines": [ 29.80842, 29.748531, 29.549927, 29.437584 ] }, { "date": "2026-06-19", "close": 29.855, "volume": 19342, "typical_volume": 55757.45, "trend": 29.322863, "fair_value": 27.959232, "relative_strength": -7.449289, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.13587, "energy": 77.691757, "activity_lines": [ 29.83072, 29.779807, 29.591892, 29.474268 ] }, { "date": "2026-06-26", "close": 29.9, "volume": 70585, "typical_volume": 58272.6, "trend": 29.354863, "fair_value": 27.977893, "relative_strength": -4.824759, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.39598, "energy": 81.258535, "activity_lines": [ 29.8587, 29.811156, 29.635024, 29.511502 ] }, { "date": "2026-07-03", "close": 29.95, "volume": 1351839, "typical_volume": 124588.5, "trend": 29.387863, "fair_value": 27.996675, "relative_strength": -6.456095, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.242426, "energy": 87.323815, "activity_lines": [ 29.894347, 29.845142, 29.679588, 29.549898 ] }, { "date": "2026-07-10", "close": 30.035, "volume": 874196, "typical_volume": 164083.15, "trend": 29.423697, "fair_value": 28.015905, "relative_strength": -7.203216, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.441667, "energy": 93.380666, "activity_lines": [ 29.949, 29.888036, 29.72863, 29.591649 ] }, { "date": "2026-07-17", "close": 29.99, "volume": 436509, "typical_volume": 184101.1, "trend": 29.456697, "fair_value": 28.034354, "relative_strength": -5.665437, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.125468, "energy": 88.157268, "activity_lines": [ 29.973, 29.915842, 29.76967, 29.628185 ] }, { "date": "2026-07-24", "close": 29.935, "volume": 279257, "typical_volume": 196416.2, "trend": 29.485197, "fair_value": 28.051953, "relative_strength": -5.087641, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.493096, "energy": 79.652276, "activity_lines": [ 29.969333, 29.928196, 29.802022, 29.659043 ] }, { "date": "2026-07-31", "close": 30.03, "volume": 241028, "typical_volume": 207659.4, "trend": 29.516993, "fair_value": 28.0701, "relative_strength": -5.568321, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.982766, "energy": 68.251466, "activity_lines": [ 29.992, 29.953827, 29.839864, 29.694191 ] }, { "date": "2026-08-07", "close": 30.2407, "volume": 113918, "typical_volume": 207983.9, "trend": 29.5526, "fair_value": 28.089833, "relative_strength": -7.883631, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.371334, "energy": 74.321131, "activity_lines": [ 30.076233, 30.012949, 29.893296, 29.740882 ] } ], "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." } } }