{ "ticker": { "uuid": "bb78d361-bf6b-4936-99f9-e9578144eb54", "symbol": "ZTIP", "name": "BMO Short-Term US TIPS Index ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 84.077, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 39.869, "architecture_energy": 29.362, "architecture_maturity": 71.562, "architecture_confidence": 74.236, "architecture_tenure": "Developing", "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": 32.04, "rotation_up": 27.01, "upward_expansion": 65.84, "deceleration": 88.32, "rotation_down": 29.98, "downward_expansion": 18.17 }, "activity_lines": [ 32.902001, 33.00229, 32.832017, 32.696785 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 32.740002, "trend_reference": 32.511569, "distance_from_trend": 0.007026, "trend_direction": "Improving", "fair_value": 30.748313, "distance_from_fair_value": 0.064774, "fair_value_direction": "Improving", "relative_strength": -10.461961, "relative_strength_direction": "Improving", "price_momentum": 0.022806, "excess_performance": -0.097616, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007026, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006529, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.064774, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.003409, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.10462, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.008771, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.022806, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.369006, "read": "Demand-led" } ], "volume": { "latest": 6501, "relative_activity": 0.42263, "balance": 1.369006, "dry_up": 1.608916, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.006634, "annualized_volatility": 0.046181, "from_high_reference": -0.019467, "from_low_reference": 0.033373 }, "levels": { "trend_reference": 32.511569, "fair_value_reference": 30.748313, "structural_low": 31.801689, "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": 29, "median_return": 0.004847, "positive_rate": 0.551724, "directional_follow_through": 0.551724, "median_excess_return": -0.017762, "regime_survival": 0.758621, "best_return": 0.023993, "worst_return": -0.027884, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.007154, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.027045, "regime_survival": 0.5, "best_return": 0.045803, "worst_return": -0.013768, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.014333, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.063834, "regime_survival": 0.571429, "best_return": 0.049711, "worst_return": -0.006369, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.060865, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.167246, "regime_survival": 0.666667, "best_return": 0.073494, "worst_return": 0.022985, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": 0.00063, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-04-25", "tenure": "Extended", "return": 0.0526, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-02", "end": "2025-06-06", "tenure": "Developing", "return": -0.01106, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": 0.009063, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-08-01", "tenure": "Developing", "return": 0.006469, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": 0.004604, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": 0.010635, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-12-05", "tenure": "Developing", "return": -0.005756, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-02-06", "tenure": "Developing", "return": -0.002125, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": 0.006207, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": 0.019529, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": -0.026358, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-12", "tenure": "Developing", "return": 0.021218, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.015042, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.789896, "volume": 555, "typical_volume": 3292.1, "trend": 27.490202, "fair_value": 26.410697, "relative_strength": 2.034861, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.664372, "energy": 27.371588, "activity_lines": [ 27.491063, 27.314637, 27.360096, 27.449314 ] }, { "date": "2023-08-25", "close": 27.744711, "volume": 2986, "typical_volume": 3067.45, "trend": 27.513514, "fair_value": 26.420578, "relative_strength": 1.721003, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.951813, "energy": 44.79066, "activity_lines": [ 27.616983, 27.411644, 27.387021, 27.465734 ] }, { "date": "2023-09-01", "close": 27.844126, "volume": 430, "typical_volume": 2936.45, "trend": 27.53809, "fair_value": 26.431046, "relative_strength": -1.379856, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.601329, "energy": 57.269713, "activity_lines": [ 27.730855, 27.516313, 27.424001, 27.487064 ] }, { "date": "2023-09-08", "close": 27.844126, "volume": 0, "typical_volume": 2336.45, "trend": 27.55886, "fair_value": 26.44136, "relative_strength": 0.899405, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.831615, "energy": 69.075707, "activity_lines": [ 27.795925, 27.604058, 27.459311, 27.506808 ] }, { "date": "2023-09-15", "close": 27.807974, "volume": 100, "typical_volume": 2001.45, "trend": 27.583696, "fair_value": 26.451263, "relative_strength": -1.863085, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.067683, "energy": 66.730835, "activity_lines": [ 27.815205, 27.670606, 27.490358, 27.52288 ] }, { "date": "2023-09-22", "close": 27.600113, "volume": 915, "typical_volume": 1825.25, "trend": 27.585792, "fair_value": 26.459528, "relative_strength": 1.663834, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.363947, "energy": 51.953803, "activity_lines": [ 27.74652, 27.686709, 27.502786, 27.523939 ] }, { "date": "2023-09-29", "close": 27.709276, "volume": 300, "typical_volume": 1785.6, "trend": 27.589184, "fair_value": 26.468455, "relative_strength": 3.420496, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.06504, "energy": 29.564189, "activity_lines": [ 27.726875, 27.712472, 27.525697, 27.531906 ] }, { "date": "2023-10-06", "close": 28.037846, "volume": 15414, "typical_volume": 2503.2, "trend": 27.601479, "fair_value": 26.479585, "relative_strength": 6.291818, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.08606, "energy": 42.903772, "activity_lines": [ 27.819116, 27.786295, 27.580955, 27.560852 ] }, { "date": "2023-10-13", "close": 28.119987, "volume": 19300, "typical_volume": 3393.2, "trend": 27.602458, "fair_value": 26.491137, "relative_strength": 5.505984, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.816656, "energy": 49.971641, "activity_lines": [ 27.925823, 27.858222, 27.642589, 27.594304 ] }, { "date": "2023-10-20", "close": 28.147371, "volume": 9600, "typical_volume": 3673.15, "trend": 27.598786, "fair_value": 26.502719, "relative_strength": 7.504283, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.930393, "energy": 82.105256, "activity_lines": [ 28.023267, 27.92091, 27.705335, 27.62946 ] }, { "date": "2023-10-27", "close": 28.676727, "volume": 6500, "typical_volume": 3868.8, "trend": 27.625741, "fair_value": 26.517817, "relative_strength": 11.543452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.446542, "energy": 95.635566, "activity_lines": [ 28.274537, 28.06858, 27.816188, 27.699005 ] }, { "date": "2023-11-03", "close": 28.412046, "volume": 4445, "typical_volume": 4047.8, "trend": 27.643873, "fair_value": 26.53088, "relative_strength": 4.389671, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.185781, "energy": 88.564338, "activity_lines": [ 28.365805, 28.152002, 27.895221, 27.749734 ] }, { "date": "2023-11-10", "close": 28.503319, "volume": 4060, "typical_volume": 4185.8, "trend": 27.67754, "fair_value": 26.54439, "relative_strength": 5.441407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.522624, "energy": 89.725796, "activity_lines": [ 28.440646, 28.239885, 27.977042, 27.805182 ] }, { "date": "2023-11-17", "close": 28.503319, "volume": 5795, "typical_volume": 4410.55, "trend": 27.705258, "fair_value": 26.557716, "relative_strength": 2.613225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.075593, "energy": 86.853613, "activity_lines": [ 28.484456, 28.315783, 28.051291, 27.858458 ] }, { "date": "2023-11-24", "close": 28.183874, "volume": 1000, "typical_volume": 4317.0, "trend": 27.709538, "fair_value": 26.568704, "relative_strength": 1.714676, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.178659, "energy": 59.474738, "activity_lines": [ 28.396228, 28.321616, 28.088148, 27.889337 ] }, { "date": "2023-12-01", "close": 28.156498, "volume": 1400, "typical_volume": 4294.5, "trend": 27.72748, "fair_value": 26.57936, "relative_strength": -0.185598, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.309085, "energy": 45.14588, "activity_lines": [ 28.296442, 28.315636, 28.117293, 27.918173 ] }, { "date": "2023-12-08", "close": 28.302528, "volume": 3806, "typical_volume": 4098.1, "trend": 27.739879, "fair_value": 26.590848, "relative_strength": 0.908034, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.130802, "energy": 35.612168, "activity_lines": [ 28.280014, 28.32609, 28.155029, 27.955273 ] }, { "date": "2023-12-15", "close": 28.092609, "volume": 400, "typical_volume": 3943.1, "trend": 27.751825, "fair_value": 26.600793, "relative_strength": -0.733985, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.976884, "energy": 25.236915, "activity_lines": [ 28.200915, 28.287592, 28.166888, 27.978029 ] }, { "date": "2023-12-22", "close": 27.864437, "volume": 9800, "typical_volume": 4385.35, "trend": 27.753786, "fair_value": 26.609107, "relative_strength": -3.107142, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.885533, "energy": 20.506108, "activity_lines": [ 28.073138, 28.206612, 28.152348, 27.985295 ] }, { "date": "2023-12-29", "close": 27.799915, "volume": 1700, "typical_volume": 4425.3, "trend": 27.758355, "fair_value": 26.61689, "relative_strength": -3.579171, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.641748, "energy": 19.282763, "activity_lines": [ 27.966447, 28.118547, 28.129156, 27.988271 ] }, { "date": "2024-01-05", "close": 28.011915, "volume": 900, "typical_volume": 4442.55, "trend": 27.782483, "fair_value": 26.625949, "relative_strength": -2.709356, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.78852, "energy": 22.349776, "activity_lines": [ 27.956019, 28.075344, 28.124859, 28.004629 ] }, { "date": "2024-01-12", "close": 28.168613, "volume": 1505, "typical_volume": 4368.5, "trend": 27.815702, "fair_value": 26.635901, "relative_strength": -2.428301, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.664057, "energy": 19.689333, "activity_lines": [ 28.007464, 28.07272, 28.134428, 28.029541 ] }, { "date": "2024-01-19", "close": 28.242355, "volume": 4500, "typical_volume": 4572.0, "trend": 27.860004, "fair_value": 26.646199, "relative_strength": -1.807246, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.35641, "energy": 16.174159, "activity_lines": [ 28.092416, 28.08793, 28.149002, 28.057067 ] }, { "date": "2024-01-26", "close": 28.325312, "volume": 8450, "typical_volume": 4994.5, "trend": 27.902855, "fair_value": 26.665563, "relative_strength": -2.586751, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.005722, "energy": 32.639517, "activity_lines": [ 28.195038, 28.122967, 28.16958, 28.087087 ] }, { "date": "2024-02-02", "close": 28.279224, "volume": 3000, "typical_volume": 5139.5, "trend": 27.941759, "fair_value": 26.68472, "relative_strength": -2.607944, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.383654, "energy": 38.1797, "activity_lines": [ 28.251572, 28.152861, 28.183478, 28.111369 ] }, { "date": "2024-02-09", "close": 28.306875, "volume": 600, "typical_volume": 5123.75, "trend": 27.983995, "fair_value": 26.704858, "relative_strength": -2.198848, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.929546, "energy": 49.167478, "activity_lines": [ 28.285369, 28.186049, 28.197764, 28.134925 ] }, { "date": "2024-02-16", "close": 28.325312, "volume": 2380, "typical_volume": 5227.75, "trend": 28.025942, "fair_value": 26.725113, "relative_strength": -3.285924, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.184185, "energy": 55.779001, "activity_lines": [ 28.305647, 28.219856, 28.210441, 28.156945 ] }, { "date": "2024-02-23", "close": 28.408272, "volume": 3936, "typical_volume": 4653.85, "trend": 28.069147, "fair_value": 26.747397, "relative_strength": -3.669148, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.732665, "energy": 59.90556, "activity_lines": [ 28.343133, 28.268331, 28.228086, 28.181612 ] }, { "date": "2024-03-01", "close": 28.629486, "volume": 1077, "typical_volume": 3742.7, "trend": 28.112196, "fair_value": 26.769549, "relative_strength": -3.528528, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.38984, "energy": 71.919397, "activity_lines": [ 28.443295, 28.351288, 28.265035, 28.217762 ] }, { "date": "2024-03-08", "close": 28.48201, "volume": 1920, "typical_volume": 3358.7, "trend": 28.144002, "fair_value": 26.791558, "relative_strength": -4.724386, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.6364, "energy": 65.067179, "activity_lines": [ 28.474021, 28.393521, 28.285512, 28.241621 ] }, { "date": "2024-03-15", "close": 28.48201, "volume": 702, "typical_volume": 3068.8, "trend": 28.167073, "fair_value": 26.815062, "relative_strength": -5.018455, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.909743, "energy": 65.902122, "activity_lines": [ 28.491227, 28.423352, 28.304395, 28.263428 ] }, { "date": "2024-03-22", "close": 28.804619, "volume": 7313, "typical_volume": 3212.2, "trend": 28.202403, "fair_value": 26.838764, "relative_strength": -4.346097, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.23223, "energy": 81.403318, "activity_lines": [ 28.604294, 28.503293, 28.354931, 28.30456 ] }, { "date": "2024-03-29", "close": 28.748777, "volume": 400, "typical_volume": 3029.2, "trend": 28.232558, "fair_value": 26.862697, "relative_strength": -5.200049, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.473007, "energy": 68.514493, "activity_lines": [ 28.666793, 28.561516, 28.398279, 28.33981 ] }, { "date": "2024-04-05", "close": 28.86046, "volume": 907, "typical_volume": 2784.8, "trend": 28.266436, "fair_value": 26.887506, "relative_strength": -5.13666, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.853832, "energy": 76.073348, "activity_lines": [ 28.74382, 28.630838, 28.451094, 28.38032 ] }, { "date": "2024-04-12", "close": 28.981445, "volume": 226, "typical_volume": 2746.1, "trend": 28.305552, "fair_value": 26.913465, "relative_strength": -3.136768, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.737164, "energy": 86.223186, "activity_lines": [ 28.845776, 28.712427, 28.513731, 28.42645 ] }, { "date": "2024-04-19", "close": 29.139664, "volume": 333, "typical_volume": 2692.75, "trend": 28.35687, "fair_value": 26.940117, "relative_strength": -2.193017, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.915526, "energy": 91.574987, "activity_lines": [ 28.967177, 28.810016, 28.587639, 28.480263 ] }, { "date": "2024-04-26", "close": 28.981445, "volume": 3931, "typical_volume": 2699.0, "trend": 28.399276, "fair_value": 26.967681, "relative_strength": -3.385658, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.306268, "energy": 85.439547, "activity_lines": [ 28.991994, 28.863696, 28.641796, 28.520559 ] }, { "date": "2024-05-03", "close": 29.102438, "volume": 1000, "typical_volume": 2729.0, "trend": 28.434762, "fair_value": 26.995057, "relative_strength": -2.860681, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.74934, "energy": 86.601958, "activity_lines": [ 29.045354, 28.927445, 28.704244, 28.565924 ] }, { "date": "2024-05-10", "close": 29.083824, "volume": 102, "typical_volume": 2244.1, "trend": 28.46689, "fair_value": 27.024454, "relative_strength": -4.409499, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.737258, "energy": 79.484478, "activity_lines": [ 29.068932, 28.975188, 28.76011, 28.607799 ] }, { "date": "2024-05-17", "close": 29.046591, "volume": 2453, "typical_volume": 2281.75, "trend": 28.496864, "fair_value": 27.054628, "relative_strength": -5.103477, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.531846, "energy": 62.235389, "activity_lines": [ 29.065208, 29.007901, 28.806624, 28.645199 ] }, { "date": "2024-05-24", "close": 29.204809, "volume": 985, "typical_volume": 2286.0, "trend": 28.514467, "fair_value": 27.085549, "relative_strength": -3.850227, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.727022, "energy": 65.490363, "activity_lines": [ 29.10988, 29.059116, 28.862269, 28.690873 ] }, { "date": "2024-05-31", "close": 29.195507, "volume": 1800, "typical_volume": 2300.75, "trend": 28.540582, "fair_value": 27.11641, "relative_strength": -3.561305, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.064902, "energy": 62.61088, "activity_lines": [ 29.147109, 29.095498, 28.911348, 28.734811 ] }, { "date": "2024-06-07", "close": 29.363028, "volume": 400, "typical_volume": 2095.75, "trend": 28.569239, "fair_value": 27.148346, "relative_strength": -1.800635, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.951982, "energy": 69.26286, "activity_lines": [ 29.225907, 29.155231, 28.971492, 28.787872 ] }, { "date": "2024-06-14", "close": 29.456097, "volume": 200, "typical_volume": 1683.25, "trend": 28.600998, "fair_value": 27.177882, "relative_strength": 0.184088, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.853431, "energy": 81.389338, "activity_lines": [ 29.318355, 29.220718, 29.035162, 28.845089 ] }, { "date": "2024-06-21", "close": 29.418871, "volume": 200, "typical_volume": 1543.25, "trend": 28.642165, "fair_value": 27.20718, "relative_strength": 0.478403, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.004955, "energy": 86.901542, "activity_lines": [ 29.373577, 29.268606, 29.089903, 28.897855 ] }, { "date": "2024-06-28", "close": 29.654219, "volume": 100, "typical_volume": 1518.25, "trend": 28.692089, "fair_value": 27.236487, "relative_strength": -0.223284, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.650826, "energy": 95.60748, "activity_lines": [ 29.482429, 29.351332, 29.161631, 28.963148 ] }, { "date": "2024-07-05", "close": 29.221996, "volume": 2300, "typical_volume": 1514.25, "trend": 28.722738, "fair_value": 27.262596, "relative_strength": -2.435531, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.884529, "energy": 68.810742, "activity_lines": [ 29.417246, 29.346116, 29.185778, 28.997336 ] }, { "date": "2024-07-12", "close": 29.372332, "volume": 1403, "typical_volume": 1387.6, "trend": 28.765395, "fair_value": 27.289668, "relative_strength": -4.538604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.841083, "energy": 59.280545, "activity_lines": [ 29.400409, 29.36386, 29.219974, 29.039245 ] }, { "date": "2024-07-19", "close": 29.616632, "volume": 500, "typical_volume": 1358.75, "trend": 28.823802, "fair_value": 27.314719, "relative_strength": -3.799904, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.234401, "energy": 65.238027, "activity_lines": [ 29.464386, 29.421116, 29.272845, 29.094164 ] }, { "date": "2024-07-26", "close": 29.635427, "volume": 100, "typical_volume": 1267.75, "trend": 28.884986, "fair_value": 27.340479, "relative_strength": -4.233414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.74361, "energy": 64.311808, "activity_lines": [ 29.523925, 29.472101, 29.322806, 29.146527 ] }, { "date": "2024-08-02", "close": 29.635427, "volume": 0, "typical_volume": 1232.65, "trend": 28.939103, "fair_value": 27.366239, "relative_strength": -1.678827, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.289722, "energy": 68.17259, "activity_lines": [ 29.569027, 29.51238, 29.367275, 29.194942 ] }, { "date": "2024-08-09", "close": 29.79516, "volume": 500, "typical_volume": 892.0, "trend": 28.993321, "fair_value": 27.393398, "relative_strength": -1.500906, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.041228, "energy": 86.385885, "activity_lines": [ 29.668626, 29.573872, 29.421463, 29.250172 ] }, { "date": "2024-08-16", "close": 29.870331, "volume": 1863, "typical_volume": 965.15, "trend": 29.047587, "fair_value": 27.420022, "relative_strength": -4.291396, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.866598, "energy": 90.481012, "activity_lines": [ 29.755071, 29.638129, 29.478094, 29.306753 ] }, { "date": "2024-08-23", "close": 29.503881, "volume": 542, "typical_volume": 946.9, "trend": 29.086872, "fair_value": 27.442583, "relative_strength": -6.229934, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.54684, "energy": 60.285001, "activity_lines": [ 29.686166, 29.626535, 29.494484, 29.336191 ] }, { "date": "2024-08-30", "close": 29.475697, "volume": 992, "typical_volume": 985.2, "trend": 29.126755, "fair_value": 27.466677, "relative_strength": -6.437226, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.630344, "energy": 51.495682, "activity_lines": [ 29.615383, 29.608947, 29.505126, 29.361277 ] }, { "date": "2024-09-06", "close": 29.569651, "volume": 500, "typical_volume": 993.55, "trend": 29.168847, "fair_value": 27.489981, "relative_strength": -3.689755, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.433243, "energy": 36.643044, "activity_lines": [ 29.586567, 29.607409, 29.522362, 29.389851 ] }, { "date": "2024-09-13", "close": 29.851536, "volume": 1400, "typical_volume": 867.0, "trend": 29.219721, "fair_value": 27.514128, "relative_strength": -5.90958, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.043027, "energy": 37.544024, "activity_lines": [ 29.656098, 29.658661, 29.564397, 29.433895 ] }, { "date": "2024-09-20", "close": 29.870331, "volume": 400, "typical_volume": 837.0, "trend": 29.268457, "fair_value": 27.538396, "relative_strength": -6.837181, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.412787, "energy": 49.837898, "activity_lines": [ 29.728135, 29.701883, 29.604079, 29.47587 ] }, { "date": "2024-09-27", "close": 29.985785, "volume": 1220, "typical_volume": 892.9, "trend": 29.313667, "fair_value": 27.563672, "relative_strength": -6.603716, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.951108, "energy": 65.43371, "activity_lines": [ 29.838657, 29.757043, 29.6511, 29.522149 ] }, { "date": "2024-10-04", "close": 29.80555, "volume": 1900, "typical_volume": 865.25, "trend": 29.357785, "fair_value": 27.587792, "relative_strength": -7.660707, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.744748, "energy": 70.832494, "activity_lines": [ 29.856974, 29.77272, 29.67666, 29.553884 ] }, { "date": "2024-10-11", "close": 30.317799, "volume": 652, "typical_volume": 848.6, "trend": 29.418978, "fair_value": 27.615197, "relative_strength": -6.981748, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.71011, "energy": 90.19178, "activity_lines": [ 30.02405, 29.878441, 29.747392, 29.61582 ] }, { "date": "2024-10-18", "close": 30.317799, "volume": 0, "typical_volume": 758.6, "trend": 29.469417, "fair_value": 27.642601, "relative_strength": -7.964517, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.950555, "energy": 93.817852, "activity_lines": [ 30.141249, 29.971755, 29.812824, 29.673809 ] }, { "date": "2024-10-25", "close": 30.422148, "volume": 100, "typical_volume": 743.6, "trend": 29.525196, "fair_value": 27.672978, "relative_strength": -5.902049, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.432787, "energy": 93.408018, "activity_lines": [ 30.262148, 30.074539, 29.88285, 29.735275 ] }, { "date": "2024-11-01", "close": 30.422148, "volume": 0, "typical_volume": 733.6, "trend": 29.577252, "fair_value": 27.702445, "relative_strength": -4.845465, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.442226, "energy": 91.243219, "activity_lines": [ 30.346258, 30.16729, 29.947832, 29.793143 ] }, { "date": "2024-11-08", "close": 30.507523, "volume": 1500, "typical_volume": 798.6, "trend": 29.628122, "fair_value": 27.73069, "relative_strength": -6.223257, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.540446, "energy": 90.704407, "activity_lines": [ 30.429737, 30.258868, 30.016345, 29.85316 ] }, { "date": "2024-11-15", "close": 30.943888, "volume": 1400, "typical_volume": 863.6, "trend": 29.688262, "fair_value": 27.760178, "relative_strength": -5.14828, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.65089, "energy": 93.830635, "activity_lines": [ 30.611871, 30.411025, 30.121233, 29.938049 ] }, { "date": "2024-11-22", "close": 30.83954, "volume": 200, "typical_volume": 758.6, "trend": 29.750199, "fair_value": 27.789212, "relative_strength": -7.266483, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.338945, "energy": 92.264525, "activity_lines": [ 30.717484, 30.519223, 30.210041, 30.012325 ] }, { "date": "2024-11-29", "close": 30.934402, "volume": 925, "typical_volume": 734.7, "trend": 29.811264, "fair_value": 27.817246, "relative_strength": -7.487871, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.782785, "energy": 89.150411, "activity_lines": [ 30.819935, 30.626705, 30.300182, 30.088725 ] }, { "date": "2024-12-06", "close": 31.010288, "volume": 500, "typical_volume": 734.7, "trend": 29.87548, "fair_value": 27.848339, "relative_strength": -7.165645, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.087584, "energy": 87.890668, "activity_lines": [ 30.913531, 30.728637, 30.390111, 30.166081 ] }, { "date": "2024-12-13", "close": 31.380253, "volume": 3400, "typical_volume": 899.7, "trend": 29.953269, "fair_value": 27.879391, "relative_strength": -4.326808, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.438061, "energy": 97.292167, "activity_lines": [ 31.091239, 30.879209, 30.508638, 30.263163 ] }, { "date": "2024-12-20", "close": 31.579458, "volume": 9758, "typical_volume": 1387.6, "trend": 30.032423, "fair_value": 27.911882, "relative_strength": -1.003996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.684256, "energy": 93.821732, "activity_lines": [ 31.277167, 31.037369, 30.637829, 30.368079 ] }, { "date": "2024-12-27", "close": 31.588945, "volume": 100, "typical_volume": 1367.6, "trend": 30.112205, "fair_value": 27.946203, "relative_strength": -1.684042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.124809, "energy": 95.201442, "activity_lines": [ 31.423886, 31.174314, 30.758665, 30.468499 ] }, { "date": "2025-01-03", "close": 31.876118, "volume": 400, "typical_volume": 1294.45, "trend": 30.195974, "fair_value": 27.9814, "relative_strength": -1.789644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.171978, "energy": 97.508928, "activity_lines": [ 31.616369, 31.340361, 30.89831, 30.5823 ] }, { "date": "2025-01-10", "close": 31.780397, "volume": 1700, "typical_volume": 1352.35, "trend": 30.273451, "fair_value": 28.020811, "relative_strength": -0.788885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.388662, "energy": 92.307574, "activity_lines": [ 31.714164, 31.462569, 31.019287, 30.684521 ] }, { "date": "2025-01-17", "close": 31.981413, "volume": 15078, "typical_volume": 2056.65, "trend": 30.358869, "fair_value": 28.060063, "relative_strength": -1.246708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.182258, "energy": 94.510151, "activity_lines": [ 31.827624, 31.596629, 31.148568, 30.794712 ] }, { "date": "2025-01-24", "close": 31.713387, "volume": 1100, "typical_volume": 2086.65, "trend": 30.427508, "fair_value": 28.094699, "relative_strength": -3.477229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.430931, "energy": 68.488864, "activity_lines": [ 31.811664, 31.655159, 31.240391, 30.8821 ] }, { "date": "2025-01-31", "close": 32.326023, "volume": 12553, "typical_volume": 2644.3, "trend": 30.530976, "fair_value": 28.134765, "relative_strength": -1.751471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.817716, "energy": 75.759408, "activity_lines": [ 31.990988, 31.811087, 31.380352, 31.004585 ] }, { "date": "2025-02-07", "close": 31.904844, "volume": 1602, "typical_volume": 2704.4, "trend": 30.615393, "fair_value": 28.172345, "relative_strength": -2.552032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.531752, "energy": 64.671415, "activity_lines": [ 31.98078, 31.86341, 31.468417, 31.093222 ] }, { "date": "2025-02-14", "close": 31.617662, "volume": 3400, "typical_volume": 2813.4, "trend": 30.682094, "fair_value": 28.207226, "relative_strength": -3.449326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.218935, "energy": 58.629523, "activity_lines": [ 31.872929, 31.845874, 31.519443, 31.157885 ] }, { "date": "2025-02-21", "close": 31.818687, "volume": 5717, "typical_volume": 3004.25, "trend": 30.754869, "fair_value": 28.241679, "relative_strength": -1.445927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.71082, "energy": 50.388677, "activity_lines": [ 31.842937, 31.853844, 31.581844, 31.231213 ] }, { "date": "2025-02-28", "close": 32.373886, "volume": 2509, "typical_volume": 3097.1, "trend": 30.846151, "fair_value": 28.277868, "relative_strength": -0.620045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.600475, "energy": 58.133899, "activity_lines": [ 32.008858, 31.954788, 31.687535, 31.335666 ] }, { "date": "2025-03-07", "close": 32.239872, "volume": 10200, "typical_volume": 3607.1, "trend": 30.927641, "fair_value": 28.313358, "relative_strength": 1.518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.339518, "energy": 52.711655, "activity_lines": [ 32.086076, 32.016922, 31.770671, 31.425583 ] }, { "date": "2025-03-14", "close": 32.239872, "volume": 9477, "typical_volume": 4075.95, "trend": 31.006626, "fair_value": 28.350296, "relative_strength": 2.352698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.201527, "energy": 55.019716, "activity_lines": [ 32.169036, 32.067221, 31.844654, 31.510243 ] }, { "date": "2025-03-21", "close": 32.335594, "volume": 6733, "typical_volume": 4412.6, "trend": 31.101017, "fair_value": 28.390906, "relative_strength": 0.972926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.45048, "energy": 57.546181, "activity_lines": [ 32.261569, 32.12831, 31.919099, 31.595983 ] }, { "date": "2025-03-28", "close": 32.422604, "volume": 15112, "typical_volume": 5093.2, "trend": 31.199247, "fair_value": 28.433148, "relative_strength": 2.08121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.213448, "energy": 55.167147, "activity_lines": [ 32.335243, 32.195124, 31.992718, 31.681247 ] }, { "date": "2025-04-04", "close": 32.345337, "volume": 4705, "typical_volume": 5258.45, "trend": 31.29177, "fair_value": 28.474679, "relative_strength": 8.552598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.986332, "energy": 49.312945, "activity_lines": [ 32.3429, 32.239869, 32.049859, 31.755188 ] }, { "date": "2025-04-11", "close": 31.340885, "volume": 12203, "typical_volume": 5858.6, "trend": 31.341415, "fair_value": 28.508161, "relative_strength": 3.415097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.739328, "energy": 17.74763, "activity_lines": [ 32.017643, 32.090495, 32.004664, 31.758357 ] }, { "date": "2025-04-18", "close": 31.427813, "volume": 10058, "typical_volume": 6315.25, "trend": 31.393331, "fair_value": 28.543112, "relative_strength": 1.164898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.480227, "energy": 14.192699, "activity_lines": [ 31.781295, 31.974839, 31.965361, 31.763931 ] }, { "date": "2025-04-25", "close": 31.563023, "volume": 2280, "typical_volume": 6404.25, "trend": 31.445905, "fair_value": 28.574957, "relative_strength": -0.46603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 4.262325, "energy": 20.291283, "activity_lines": [ 31.644153, 31.892439, 31.936585, 31.774879 ] }, { "date": "2025-05-02", "close": 31.437468, "volume": 1153, "typical_volume": 6291.9, "trend": 31.500303, "fair_value": 28.606051, "relative_strength": -2.030394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.40625, "energy": 27.33768, "activity_lines": [ 31.516665, 31.788205, 31.89322, 31.774335 ] }, { "date": "2025-05-09", "close": 31.736874, "volume": 12089, "typical_volume": 6408.45, "trend": 31.547605, "fair_value": 28.639065, "relative_strength": -2.293228, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.709494, "energy": 29.459327, "activity_lines": [ 31.554655, 31.745339, 31.878097, 31.789597 ] }, { "date": "2025-05-16", "close": 31.765842, "volume": 14222, "typical_volume": 7114.55, "trend": 31.595873, "fair_value": 28.673123, "relative_strength": -4.416538, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.978455, "energy": 20.77658, "activity_lines": [ 31.642865, 31.719322, 31.864984, 31.803677 ] }, { "date": "2025-05-23", "close": 31.234646, "volume": 4641, "typical_volume": 7326.6, "trend": 31.622956, "fair_value": 28.703722, "relative_strength": -5.537064, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.739559, "energy": 29.479103, "activity_lines": [ 31.525679, 31.605343, 31.800437, 31.780372 ] }, { "date": "2025-05-30", "close": 31.408493, "volume": 6092, "typical_volume": 7546.2, "trend": 31.655835, "fair_value": 28.736294, "relative_strength": -5.924898, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.842068, "energy": 25.429612, "activity_lines": [ 31.479319, 31.541249, 31.755503, 31.766536 ] }, { "date": "2025-06-06", "close": 31.089767, "volume": 3376, "typical_volume": 6961.1, "trend": 31.675243, "fair_value": 28.765589, "relative_strength": -7.554398, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.77334, "energy": 48.528946, "activity_lines": [ 31.33702, 31.436062, 31.681984, 31.730015 ] }, { "date": "2025-06-13", "close": 30.906265, "volume": 2445, "typical_volume": 7028.35, "trend": 31.673989, "fair_value": 28.794405, "relative_strength": -8.090049, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.020802, "energy": 68.808811, "activity_lines": [ 31.156734, 31.321744, 31.595235, 31.680404 ] }, { "date": "2025-06-20", "close": 31.186354, "volume": 8154, "typical_volume": 6808.4, "trend": 31.685549, "fair_value": 28.824212, "relative_strength": -6.968366, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.910487, "energy": 69.487553, "activity_lines": [ 31.125184, 31.284516, 31.539005, 31.648943 ] }, { "date": "2025-06-27", "close": 31.613501, "volume": 28023, "typical_volume": 8129.45, "trend": 31.708186, "fair_value": 28.857575, "relative_strength": -6.13777, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.813587, "energy": 49.730852, "activity_lines": [ 31.27465, 31.32776, 31.528882, 31.644295 ] }, { "date": "2025-07-04", "close": 31.116802, "volume": 1100, "typical_volume": 8014.45, "trend": 31.711736, "fair_value": 28.887644, "relative_strength": -8.594258, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.88832, "energy": 41.551799, "activity_lines": [ 31.233292, 31.27732, 31.472842, 31.606141 ] }, { "date": "2025-07-11", "close": 31.360283, "volume": 1300, "typical_volume": 7793.6, "trend": 31.711071, "fair_value": 28.919548, "relative_strength": -7.594377, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.791572, "energy": 26.855562, "activity_lines": [ 31.29254, 31.279262, 31.442376, 31.583467 ] }, { "date": "2025-07-18", "close": 31.555071, "volume": 1727, "typical_volume": 7754.5, "trend": 31.710258, "fair_value": 28.952754, "relative_strength": -7.798238, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.446381, "energy": 22.023448, "activity_lines": [ 31.398683, 31.318024, 31.432644, 31.573403 ] }, { "date": "2025-07-25", "close": 31.321325, "volume": 600, "typical_volume": 7274.5, "trend": 31.701337, "fair_value": 28.982226, "relative_strength": -8.858226, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.78147, "energy": 21.103673, "activity_lines": [ 31.383658, 31.317592, 31.404549, 31.54831 ] }, { "date": "2025-08-01", "close": 31.818022, "volume": 2748, "typical_volume": 6938.05, "trend": 31.6994, "fair_value": 29.014881, "relative_strength": -5.562445, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.128724, "energy": 13.362118, "activity_lines": [ 31.525199, 31.41555, 31.428133, 31.555838 ] }, { "date": "2025-08-08", "close": 31.730375, "volume": 2282, "typical_volume": 6715.5, "trend": 31.697733, "fair_value": 29.049538, "relative_strength": -8.054663, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.362343, "energy": 15.746233, "activity_lines": [ 31.623891, 31.486966, 31.445378, 31.557837 ] }, { "date": "2025-08-15", "close": 31.876461, "volume": 4685, "typical_volume": 6194.15, "trend": 31.694235, "fair_value": 29.082568, "relative_strength": -7.898816, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.419507, "energy": 28.424024, "activity_lines": [ 31.730373, 31.57909, 31.479419, 31.569367 ] }, { "date": "2025-08-22", "close": 32.051765, "volume": 733, "typical_volume": 5995.55, "trend": 31.705514, "fair_value": 29.115085, "relative_strength": -8.597516, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.669595, "energy": 54.174958, "activity_lines": [ 31.860878, 31.688785, 31.532755, 31.592434 ] }, { "date": "2025-08-29", "close": 31.944635, "volume": 1692, "typical_volume": 5470.0, "trend": 31.692801, "fair_value": 29.147025, "relative_strength": -9.438062, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.131122, "energy": 56.547461, "activity_lines": [ 31.922559, 31.758174, 31.577287, 31.607861 ] }, { "date": "2025-09-05", "close": 32.149158, "volume": 115, "typical_volume": 4972.85, "trend": 31.700945, "fair_value": 29.180275, "relative_strength": -10.115515, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.239602, "energy": 66.399343, "activity_lines": [ 32.010861, 31.850962, 31.638422, 31.637303 ] }, { "date": "2025-09-12", "close": 32.217335, "volume": 3511, "typical_volume": 5034.4, "trend": 31.720934, "fair_value": 29.215217, "relative_strength": -10.409361, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.96943, "energy": 69.05399, "activity_lines": [ 32.099814, 31.946406, 31.702615, 31.670619 ] }, { "date": "2025-09-19", "close": 32.061504, "volume": 1238, "typical_volume": 5038.65, "trend": 31.729028, "fair_value": 29.246051, "relative_strength": -12.053787, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.836559, "energy": 63.025452, "activity_lines": [ 32.104358, 31.993508, 31.748852, 31.692591 ] }, { "date": "2025-09-26", "close": 32.392639, "volume": 1597, "typical_volume": 4514.05, "trend": 31.729653, "fair_value": 29.277247, "relative_strength": -10.895856, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.177134, "energy": 84.752243, "activity_lines": [ 32.206944, 32.088067, 31.823653, 31.735405 ] }, { "date": "2025-10-03", "close": 32.44178, "volume": 3238, "typical_volume": 3964.85, "trend": 31.736383, "fair_value": 29.308482, "relative_strength": -12.608803, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.681764, "energy": 89.772806, "activity_lines": [ 32.303186, 32.176332, 31.900012, 31.781349 ] }, { "date": "2025-10-10", "close": 32.608852, "volume": 1618, "typical_volume": 3813.7, "trend": 31.748682, "fair_value": 29.340621, "relative_strength": -10.124061, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.359223, "energy": 92.376014, "activity_lines": [ 32.421976, 32.274602, 31.989064, 31.837637 ] }, { "date": "2025-10-17", "close": 32.67765, "volume": 32653, "typical_volume": 5141.75, "trend": 31.760084, "fair_value": 29.373922, "relative_strength": -10.512381, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.712862, "energy": 92.652955, "activity_lines": [ 32.533052, 32.371002, 32.078124, 31.89757 ] }, { "date": "2025-10-24", "close": 32.65799, "volume": 683, "typical_volume": 5007.1, "trend": 31.76793, "fair_value": 29.407651, "relative_strength": -11.050499, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.00038, "energy": 89.687283, "activity_lines": [ 32.606887, 32.446604, 32.159268, 31.9555 ] }, { "date": "2025-10-31", "close": 32.599022, "volume": 2523, "typical_volume": 5011.0, "trend": 31.776387, "fair_value": 29.443219, "relative_strength": -10.688697, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.118157, "energy": 87.230342, "activity_lines": [ 32.6213, 32.497275, 32.227328, 32.009118 ] }, { "date": "2025-11-07", "close": 32.854549, "volume": 8150, "typical_volume": 5010.8, "trend": 31.826842, "fair_value": 29.483583, "relative_strength": -8.745275, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.028094, "energy": 88.806469, "activity_lines": [ 32.70713, 32.584456, 32.311664, 32.078677 ] }, { "date": "2025-11-14", "close": 32.648163, "volume": 4370, "typical_volume": 3828.15, "trend": 31.86752, "fair_value": 29.521183, "relative_strength": -10.318584, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.829278, "energy": 65.216427, "activity_lines": [ 32.696647, 32.617568, 32.3684, 32.131666 ] }, { "date": "2025-11-21", "close": 32.834896, "volume": 19285, "typical_volume": 4737.4, "trend": 31.909916, "fair_value": 29.559094, "relative_strength": -9.130223, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.534718, "energy": 67.976784, "activity_lines": [ 32.745788, 32.675558, 32.437993, 32.194077 ] }, { "date": "2025-11-28", "close": 32.599022, "volume": 24737, "typical_volume": 5909.25, "trend": 31.948635, "fair_value": 29.593277, "relative_strength": -13.062658, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.88569, "energy": 60.678666, "activity_lines": [ 32.70582, 32.679434, 32.47694, 32.238536 ] }, { "date": "2025-12-05", "close": 32.255047, "volume": 6973, "typical_volume": 6171.55, "trend": 31.965907, "fair_value": 29.624145, "relative_strength": -13.537702, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.6478, "energy": 37.339154, "activity_lines": [ 32.555126, 32.610996, 32.477229, 32.258304 ] }, { "date": "2025-12-12", "close": 32.078148, "volume": 2900, "typical_volume": 6286.55, "trend": 31.976317, "fair_value": 29.652827, "relative_strength": -14.290964, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.833676, "energy": 21.039106, "activity_lines": [ 32.368397, 32.512896, 32.457338, 32.265545 ] }, { "date": "2025-12-19", "close": 32.107628, "volume": 1302, "typical_volume": 6214.25, "trend": 32.005417, "fair_value": 29.683194, "relative_strength": -14.451345, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.142401, "energy": 29.417167, "activity_lines": [ 32.243254, 32.426768, 32.43665, 32.274017 ] }, { "date": "2025-12-26", "close": 31.901245, "volume": 1000, "typical_volume": 6150.15, "trend": 32.021842, "fair_value": 29.712858, "relative_strength": -15.267437, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -24.564586, "energy": 44.228369, "activity_lines": [ 32.085353, 32.312228, 32.394927, 32.267296 ] }, { "date": "2026-01-02", "close": 32.029835, "volume": 10652, "typical_volume": 6448.5, "trend": 32.053177, "fair_value": 29.744697, "relative_strength": -14.241439, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.225296, "energy": 46.974562, "activity_lines": [ 32.032559, 32.235185, 32.364638, 32.267812 ] }, { "date": "2026-01-09", "close": 32.496044, "volume": 2000, "typical_volume": 6511.85, "trend": 32.10617, "fair_value": 29.779581, "relative_strength": -14.537117, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.064624, "energy": 25.740255, "activity_lines": [ 32.173113, 32.254329, 32.378019, 32.296384 ] }, { "date": "2026-01-16", "close": 32.426609, "volume": 14711, "typical_volume": 7162.8, "trend": 32.147512, "fair_value": 29.812387, "relative_strength": -15.412944, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.634928, "energy": 16.693974, "activity_lines": [ 32.274456, 32.26272, 32.382672, 32.317057 ] }, { "date": "2026-01-23", "close": 32.000072, "volume": 18300, "typical_volume": 8072.05, "trend": 32.160398, "fair_value": 29.844149, "relative_strength": -16.400897, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.57722, "energy": 5.385388, "activity_lines": [ 32.21039, 32.20134, 32.344406, 32.307545 ] }, { "date": "2026-01-30", "close": 31.900881, "volume": 12225, "typical_volume": 8507.75, "trend": 32.186534, "fair_value": 29.87488, "relative_strength": -13.085092, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.187238, "energy": 18.747597, "activity_lines": [ 32.12043, 32.133708, 32.297405, 32.290802 ] }, { "date": "2026-02-06", "close": 32.009995, "volume": 5934, "typical_volume": 8742.55, "trend": 32.208191, "fair_value": 29.905578, "relative_strength": -13.871976, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.265506, "energy": 30.614797, "activity_lines": [ 32.066865, 32.102898, 32.262301, 32.279413 ] }, { "date": "2026-02-13", "close": 31.9604, "volume": 32011, "typical_volume": 10263.25, "trend": 32.221702, "fair_value": 29.936972, "relative_strength": -15.181466, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.972045, "energy": 55.98459, "activity_lines": [ 31.998092, 32.073779, 32.22272, 32.263426 ] }, { "date": "2026-02-20", "close": 32.09927, "volume": 1690, "typical_volume": 10185.85, "trend": 32.247633, "fair_value": 29.966216, "relative_strength": -16.239641, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.943433, "energy": 50.500948, "activity_lines": [ 32.011318, 32.075267, 32.198423, 32.255527 ] }, { "date": "2026-02-27", "close": 32.158783, "volume": 3543, "typical_volume": 10282.1, "trend": 32.258992, "fair_value": 29.995391, "relative_strength": -16.883849, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.122771, "energy": 42.378769, "activity_lines": [ 32.066204, 32.087192, 32.181424, 32.249795 ] }, { "date": "2026-03-06", "close": 32.000072, "volume": 4488, "typical_volume": 8873.85, "trend": 32.267982, "fair_value": 30.023154, "relative_strength": -13.659875, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.556044, "energy": 35.649355, "activity_lines": [ 32.057606, 32.06933, 32.151454, 32.233091 ] }, { "date": "2026-03-13", "close": 32.307579, "volume": 5062, "typical_volume": 9092.8, "trend": 32.282352, "fair_value": 30.050186, "relative_strength": -10.888983, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.011312, "energy": 17.095188, "activity_lines": [ 32.144898, 32.105581, 32.153996, 32.235645 ] }, { "date": "2026-03-20", "close": 32.267899, "volume": 10374, "typical_volume": 9485.35, "trend": 32.289557, "fair_value": 30.075894, "relative_strength": -7.094002, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.119685, "energy": 17.860253, "activity_lines": [ 32.199124, 32.129568, 32.154428, 32.234713 ] }, { "date": "2026-03-27", "close": 32.625, "volume": 12871, "typical_volume": 9721.4, "trend": 32.312236, "fair_value": 30.106387, "relative_strength": -7.49337, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 34.709707, "energy": 30.340663, "activity_lines": [ 32.351884, 32.222631, 32.190447, 32.256354 ] }, { "date": "2026-04-03", "close": 32.810001, "volume": 4360, "typical_volume": 9720.9, "trend": 32.334264, "fair_value": 30.138066, "relative_strength": -9.557043, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.453161, "energy": 55.854397, "activity_lines": [ 32.531262, 32.345723, 32.245177, 32.288468 ] }, { "date": "2026-04-10", "close": 32.669998, "volume": 7684, "typical_volume": 9140.85, "trend": 32.349352, "fair_value": 30.171249, "relative_strength": -10.952143, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.300543, "energy": 63.772818, "activity_lines": [ 32.620558, 32.428634, 32.285804, 32.310128 ] }, { "date": "2026-04-17", "close": 32.400002, "volume": 2300, "typical_volume": 8019.0, "trend": 32.360636, "fair_value": 30.201559, "relative_strength": -12.812857, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.375179, "energy": 57.125539, "activity_lines": [ 32.575194, 32.44847, 32.301501, 32.313396 ] }, { "date": "2026-04-24", "close": 32.450001, "volume": 9069, "typical_volume": 8123.8, "trend": 32.362548, "fair_value": 30.229729, "relative_strength": -11.033074, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.324698, "energy": 48.341263, "activity_lines": [ 32.540334, 32.470307, 32.322909, 32.319162 ] }, { "date": "2026-05-01", "close": 31.94519, "volume": 15500, "typical_volume": 8753.8, "trend": 32.345995, "fair_value": 30.257466, "relative_strength": -11.890242, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -18.607172, "energy": 13.215507, "activity_lines": [ 32.325064, 32.391458, 32.29531, 32.292235 ] }, { "date": "2026-05-08", "close": 32.142872, "volume": 4848, "typical_volume": 8931.1, "trend": 32.330462, "fair_value": 30.284468, "relative_strength": -11.339012, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.438984, "energy": 22.558392, "activity_lines": [ 32.221008, 32.351352, 32.287172, 32.279131 ] }, { "date": "2026-05-15", "close": 32.28125, "volume": 14329, "typical_volume": 9597.55, "trend": 32.317249, "fair_value": 30.313615, "relative_strength": -9.875927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.826237, "energy": 21.406266, "activity_lines": [ 32.207554, 32.336696, 32.292044, 32.275956 ] }, { "date": "2026-05-22", "close": 32.340553, "volume": 10784, "typical_volume": 9604.15, "trend": 32.306668, "fair_value": 30.342685, "relative_strength": -10.946763, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.979148, "energy": 19.016482, "activity_lines": [ 32.239784, 32.327709, 32.300755, 32.277459 ] }, { "date": "2026-05-29", "close": 32.419624, "volume": 7625, "typical_volume": 9885.4, "trend": 32.300688, "fair_value": 30.373177, "relative_strength": -11.059084, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.025203, "energy": 6.366768, "activity_lines": [ 32.302334, 32.332499, 32.315517, 32.284747 ] }, { "date": "2026-06-05", "close": 32.716145, "volume": 2200, "typical_volume": 9259.85, "trend": 32.296074, "fair_value": 30.407973, "relative_strength": -8.941206, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.511825, "energy": 40.322194, "activity_lines": [ 32.46575, 32.388444, 32.358883, 32.31155 ] }, { "date": "2026-06-12", "close": 32.824871, "volume": 2313, "typical_volume": 8460.5, "trend": 32.301964, "fair_value": 30.444209, "relative_strength": -9.632753, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.070357, "energy": 69.234097, "activity_lines": [ 32.614011, 32.4625, 32.411225, 32.345666 ] }, { "date": "2026-06-19", "close": 33.240002, "volume": 1218, "typical_volume": 7910.15, "trend": 32.315468, "fair_value": 30.484765, "relative_strength": -8.186542, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.956786, "energy": 87.963943, "activity_lines": [ 32.855182, 32.611764, 32.499176, 32.406185 ] }, { "date": "2026-06-26", "close": 33.240002, "volume": 94000, "typical_volume": 12313.45, "trend": 32.336834, "fair_value": 30.52451, "relative_strength": -7.814809, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.841121, "energy": 94.44597, "activity_lines": [ 33.032436, 32.750664, 32.58075, 32.465832 ] }, { "date": "2026-07-03", "close": 33.27, "volume": 5500, "typical_volume": 10987.9, "trend": 32.370666, "fair_value": 30.563983, "relative_strength": -8.077378, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.691833, "energy": 92.701876, "activity_lines": [ 33.159727, 32.879746, 32.659324, 32.526037 ] }, { "date": "2026-07-10", "close": 33.220001, "volume": 14049, "typical_volume": 11605.85, "trend": 32.408727, "fair_value": 30.6036, "relative_strength": -7.987968, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.246884, "energy": 89.013016, "activity_lines": [ 33.213659, 32.984828, 32.7269, 32.580832 ] }, { "date": "2026-07-17", "close": 32.93, "volume": 16739, "typical_volume": 12265.65, "trend": 32.43614, "fair_value": 30.641184, "relative_strength": -8.302242, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.294153, "energy": 84.093667, "activity_lines": [ 33.137334, 33.014004, 32.761519, 32.614463 ] }, { "date": "2026-07-24", "close": 33.049999, "volume": 46766, "typical_volume": 14379.55, "trend": 32.474432, "fair_value": 30.679247, "relative_strength": -7.885659, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.075987, "energy": 58.862677, "activity_lines": [ 33.094, 33.050686, 32.803895, 32.654067 ] }, { "date": "2026-07-31", "close": 32.900002, "volume": 28989, "typical_volume": 15575.9, "trend": 32.503437, "fair_value": 30.714901, "relative_strength": -7.504353, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.95946, "energy": 45.500345, "activity_lines": [ 33.013334, 33.046119, 32.826986, 32.681523 ] }, { "date": "2026-08-07", "close": 32.740002, "volume": 6501, "typical_volume": 15382.25, "trend": 32.511569, "fair_value": 30.748313, "relative_strength": -10.461961, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.869058, "energy": 29.362015, "activity_lines": [ 32.902001, 33.00229, 32.832017, 32.696785 ] } ], "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." } } }