{ "ticker": { "uuid": "c35c96f2-f6e4-4c8d-a0e4-bbebbe755240", "symbol": "DRFC", "name": "Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 79.663, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.23, "architecture_energy": 60.416, "architecture_maturity": 42.325, "architecture_confidence": 78.904, "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": 18.09, "rotation_up": 61.97, "upward_expansion": 81.77, "deceleration": 57.81, "rotation_down": 22.42, "downward_expansion": 8.43 }, "activity_lines": [ 45.998666, 45.781996, 45.339196, 44.817554 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 46.880001, "trend_reference": 44.219152, "distance_from_trend": 0.060174, "trend_direction": "Improving", "fair_value": 33.392727, "distance_from_fair_value": 0.403899, "fair_value_direction": "Weakening", "relative_strength": -1.461294, "relative_strength_direction": "Weakening", "price_momentum": 0.097087, "excess_performance": -0.023334, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.060174, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036693, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.403899, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007243, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014613, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.011814, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.097087, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.45746, "read": "Demand-led" } ], "volume": { "latest": 47025, "relative_activity": 0.864711, "balance": 2.45746, "dry_up": 0.845008, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.016294, "annualized_volatility": 0.129988, "from_high_reference": -0.002765, "from_low_reference": 0.280286 }, "levels": { "trend_reference": 44.219152, "fair_value_reference": 33.392727, "structural_low": 40.64155, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 50, "median_return": 0.018033, "positive_rate": 0.74, "directional_follow_through": 0.74, "median_excess_return": 0.003971, "regime_survival": 0.82, "best_return": 0.06989, "worst_return": -0.074749, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 17, "median_return": 0.045548, "positive_rate": 0.882353, "directional_follow_through": 0.882353, "median_excess_return": 0.014223, "regime_survival": 0.823529, "best_return": 0.134623, "worst_return": -0.082105, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.083884, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": 0.039367, "regime_survival": 0.666667, "best_return": 0.184786, "worst_return": -0.040297, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.207429, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.083163, "regime_survival": 0.75, "best_return": 0.318858, "worst_return": 0.052943, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-13", "end": "2023-10-27", "tenure": "New", "return": -0.039885, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-03", "end": "2023-11-10", "tenure": "New", "return": -0.0092, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-17", "end": "2023-11-24", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-06-14", "tenure": "Extended", "return": 0.080087, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.057143, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2025-01-03", "tenure": "Established", "return": 0.156662, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.030817, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.023739, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.051518, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.050479, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.032655, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-03-27", "tenure": "Extended", "return": 0.23025, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.039572, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.056354, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 23.545525, "volume": 1200, "typical_volume": 2436.6, "trend": 23.19291, "fair_value": 20.687276, "relative_strength": 5.006259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.801608, "energy": 51.477653, "activity_lines": [ 23.804101, 23.707905, 23.536806, 23.375805 ] }, { "date": "2023-08-25", "close": 23.385094, "volume": 3032, "typical_volume": 2557.75, "trend": 23.201437, "fair_value": 20.736871, "relative_strength": 4.070992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.486776, "energy": 28.189544, "activity_lines": [ 23.639267, 23.673697, 23.530831, 23.388204 ] }, { "date": "2023-09-01", "close": 24.215555, "volume": 35534, "typical_volume": 4314.45, "trend": 23.241379, "fair_value": 20.792632, "relative_strength": 3.978281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.51742, "energy": 43.204897, "activity_lines": [ 23.79655, 23.788486, 23.602436, 23.453631 ] }, { "date": "2023-09-08", "close": 23.838074, "volume": 1358, "typical_volume": 3902.25, "trend": 23.268739, "fair_value": 20.846872, "relative_strength": 4.581303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.921431, "energy": 31.896374, "activity_lines": [ 23.814795, 23.812508, 23.634646, 23.492128 ] }, { "date": "2023-09-15", "close": 24.281612, "volume": 1420, "typical_volume": 3878.7, "trend": 23.309016, "fair_value": 20.903956, "relative_strength": 3.61091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.508685, "energy": 48.068114, "activity_lines": [ 23.981516, 23.905162, 23.707406, 23.557474 ] }, { "date": "2023-09-22", "close": 23.395845, "volume": 11773, "typical_volume": 3951.7, "trend": 23.332214, "fair_value": 20.956873, "relative_strength": 3.938392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.906347, "energy": 30.65751, "activity_lines": [ 23.829073, 23.819609, 23.692676, 23.563076 ] }, { "date": "2023-09-29", "close": 23.186529, "volume": 2950, "typical_volume": 4028.8, "trend": 23.340655, "fair_value": 21.008164, "relative_strength": 4.127876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.086913, "energy": 8.54288, "activity_lines": [ 23.616838, 23.698721, 23.657392, 23.553677 ] }, { "date": "2023-10-06", "close": 22.748867, "volume": 4747, "typical_volume": 4192.95, "trend": 23.351931, "fair_value": 21.05444, "relative_strength": 3.637227, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -32.670772, "energy": 29.576937, "activity_lines": [ 23.271952, 23.514221, 23.580759, 23.515497 ] }, { "date": "2023-10-13", "close": 23.138958, "volume": 3195, "typical_volume": 4317.7, "trend": 23.382122, "fair_value": 21.103897, "relative_strength": 4.113552, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.412688, "energy": 31.382205, "activity_lines": [ 23.154876, 23.423711, 23.544906, 23.501757 ] }, { "date": "2023-10-20", "close": 22.729837, "volume": 2063, "typical_volume": 4292.6, "trend": 23.404476, "fair_value": 21.150731, "relative_strength": 3.970364, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.198696, "energy": 53.616562, "activity_lines": [ 22.948035, 23.271699, 23.469347, 23.459674 ] }, { "date": "2023-10-27", "close": 22.216061, "volume": 21556, "typical_volume": 5309.9, "trend": 23.403106, "fair_value": 21.195461, "relative_strength": 3.529271, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.950307, "energy": 80.168601, "activity_lines": [ 22.673386, 23.047966, 23.34732, 23.383002 ] }, { "date": "2023-11-03", "close": 23.785933, "volume": 9150, "typical_volume": 5752.4, "trend": 23.42704, "fair_value": 21.248612, "relative_strength": 4.602699, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.193469, "energy": 31.111137, "activity_lines": [ 23.00068, 23.133837, 23.379939, 23.407701 ] }, { "date": "2023-11-10", "close": 23.567101, "volume": 4132, "typical_volume": 5928.05, "trend": 23.429539, "fair_value": 21.297697, "relative_strength": 4.343411, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.122492, "energy": 20.00444, "activity_lines": [ 23.21507, 23.172632, 23.389284, 23.416737 ] }, { "date": "2023-11-17", "close": 24.366312, "volume": 10002, "typical_volume": 6308.15, "trend": 23.458993, "fair_value": 21.351055, "relative_strength": 4.898913, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.947038, "energy": 22.328313, "activity_lines": [ 23.641315, 23.368529, 23.472036, 23.477174 ] }, { "date": "2023-11-24", "close": 24.366312, "volume": 2411, "typical_volume": 6358.85, "trend": 23.483733, "fair_value": 21.40141, "relative_strength": 5.077801, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.967495, "energy": 49.775953, "activity_lines": [ 23.985736, 23.554821, 23.549127, 23.535711 ] }, { "date": "2023-12-01", "close": 24.594658, "volume": 1600, "typical_volume": 6428.85, "trend": 23.528026, "fair_value": 21.453853, "relative_strength": 4.083436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.482604, "energy": 73.944239, "activity_lines": [ 24.297174, 23.781091, 23.643067, 23.607383 ] }, { "date": "2023-12-08", "close": 24.775434, "volume": 6015, "typical_volume": 6487.8, "trend": 23.578659, "fair_value": 21.504734, "relative_strength": 5.308306, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.461864, "energy": 81.969171, "activity_lines": [ 24.510298, 24.018432, 23.749229, 23.687861 ] }, { "date": "2023-12-15", "close": 24.813488, "volume": 3660, "typical_volume": 6544.55, "trend": 23.622076, "fair_value": 21.555746, "relative_strength": 4.287277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.991812, "energy": 81.00176, "activity_lines": [ 24.670139, 24.233803, 23.85563, 23.767528 ] }, { "date": "2023-12-22", "close": 25.16552, "volume": 1952, "typical_volume": 6416.8, "trend": 23.694825, "fair_value": 21.609015, "relative_strength": 3.817637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.761588, "energy": 86.796285, "activity_lines": [ 24.864232, 24.475641, 23.991766, 23.867105 ] }, { "date": "2023-12-29", "close": 25.298395, "volume": 1705, "typical_volume": 6472.75, "trend": 23.763204, "fair_value": 21.662336, "relative_strength": 3.835671, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.384612, "energy": 87.660327, "activity_lines": [ 25.049336, 24.704792, 24.134282, 23.970561 ] }, { "date": "2024-01-05", "close": 25.317532, "volume": 5341, "typical_volume": 6679.8, "trend": 23.83065, "fair_value": 21.714068, "relative_strength": 3.86614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.433987, "energy": 88.054539, "activity_lines": [ 25.178681, 24.890721, 24.27207, 24.07084 ] }, { "date": "2024-01-12", "close": 25.575876, "volume": 15224, "typical_volume": 7289.4, "trend": 23.907336, "fair_value": 21.768255, "relative_strength": 4.456719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.455248, "energy": 90.714241, "activity_lines": [ 25.345948, 25.067232, 24.426024, 24.183435 ] }, { "date": "2024-01-19", "close": 25.432352, "volume": 8348, "typical_volume": 5930.1, "trend": 23.988475, "fair_value": 21.821122, "relative_strength": 4.111218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.853044, "energy": 85.158411, "activity_lines": [ 25.412011, 25.185102, 24.555877, 24.281823 ] }, { "date": "2024-01-26", "close": 25.843786, "volume": 2397, "typical_volume": 5982.05, "trend": 24.077352, "fair_value": 21.878396, "relative_strength": 4.516048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.304523, "energy": 88.13364, "activity_lines": [ 25.573962, 25.343866, 24.71912, 24.401521 ] }, { "date": "2024-02-02", "close": 25.786377, "volume": 10411, "typical_volume": 6431.6, "trend": 24.158967, "fair_value": 21.93319, "relative_strength": 4.287133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.219003, "energy": 90.403635, "activity_lines": [ 25.671558, 25.465328, 24.867345, 24.511781 ] }, { "date": "2024-02-09", "close": 25.556736, "volume": 3823, "typical_volume": 6034.1, "trend": 24.226008, "fair_value": 21.984001, "relative_strength": 3.560439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.502431, "energy": 82.524456, "activity_lines": [ 25.660075, 25.519218, 24.986533, 24.601959 ] }, { "date": "2024-02-16", "close": 25.901194, "volume": 7565, "typical_volume": 6264.85, "trend": 24.287229, "fair_value": 22.03759, "relative_strength": 3.582358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.464195, "energy": 82.900203, "activity_lines": [ 25.747465, 25.618244, 25.128237, 24.710036 ] }, { "date": "2024-02-23", "close": 26.035147, "volume": 12772, "typical_volume": 6666.1, "trend": 24.354488, "fair_value": 22.090726, "relative_strength": 3.19461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.960929, "energy": 75.198195, "activity_lines": [ 25.857817, 25.721157, 25.269771, 24.822805 ] }, { "date": "2024-03-01", "close": 26.264786, "volume": 8957, "typical_volume": 6954.2, "trend": 24.435063, "fair_value": 22.145333, "relative_strength": 3.256508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.180162, "energy": 70.675605, "activity_lines": [ 26.00453, 25.84361, 25.417527, 24.94605 ] }, { "date": "2024-03-08", "close": 26.42745, "volume": 9353, "typical_volume": 7318.7, "trend": 24.518545, "fair_value": 22.196874, "relative_strength": 2.873062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.437427, "energy": 71.308071, "activity_lines": [ 26.177397, 25.975653, 25.56589, 25.074591 ] }, { "date": "2024-03-15", "close": 26.456154, "volume": 7613, "typical_volume": 6621.55, "trend": 24.615566, "fair_value": 22.248598, "relative_strength": 2.351581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.202963, "energy": 70.148467, "activity_lines": [ 26.317094, 26.092385, 25.699378, 25.199598 ] }, { "date": "2024-03-22", "close": 26.689274, "volume": 2971, "typical_volume": 6312.6, "trend": 24.725705, "fair_value": 22.299928, "relative_strength": 2.481812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.711279, "energy": 78.884549, "activity_lines": [ 26.474537, 26.230801, 25.834878, 25.333386 ] }, { "date": "2024-03-29", "close": 26.862207, "volume": 6709, "typical_volume": 6441.45, "trend": 24.813927, "fair_value": 22.353573, "relative_strength": 2.121572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.386221, "energy": 81.428997, "activity_lines": [ 26.637085, 26.380416, 25.973022, 25.471224 ] }, { "date": "2024-04-05", "close": 26.900637, "volume": 6240, "typical_volume": 6253.35, "trend": 24.916012, "fair_value": 22.404362, "relative_strength": 1.711367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.795116, "energy": 78.947282, "activity_lines": [ 26.757306, 26.511021, 26.099135, 25.605851 ] }, { "date": "2024-04-12", "close": 26.429874, "volume": 4284, "typical_volume": 6347.0, "trend": 24.987621, "fair_value": 22.452018, "relative_strength": 1.486856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.715876, "energy": 65.079343, "activity_lines": [ 26.678216, 26.536817, 26.168345, 25.703519 ] }, { "date": "2024-04-19", "close": 26.304981, "volume": 2260, "typical_volume": 6380.0, "trend": 25.084592, "fair_value": 22.497609, "relative_strength": 1.319135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.175381, "energy": 57.040273, "activity_lines": [ 26.557333, 26.528205, 26.215835, 25.78851 ] }, { "date": "2024-04-26", "close": 26.525948, "volume": 8163, "typical_volume": 6487.4, "trend": 25.195906, "fair_value": 22.544214, "relative_strength": 1.315254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.118774, "energy": 46.00685, "activity_lines": [ 26.520184, 26.546165, 26.276224, 25.881501 ] }, { "date": "2024-05-03", "close": 26.525948, "volume": 15878, "typical_volume": 7098.3, "trend": 25.321809, "fair_value": 22.588291, "relative_strength": 1.291637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.784603, "energy": 35.672476, "activity_lines": [ 26.493924, 26.552765, 26.328278, 25.96731 ] }, { "date": "2024-05-10", "close": 27.150427, "volume": 4082, "typical_volume": 7204.8, "trend": 25.455525, "fair_value": 22.63821, "relative_strength": 1.868048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.125241, "energy": 53.276544, "activity_lines": [ 26.69824, 26.663983, 26.431651, 26.085285 ] }, { "date": "2024-05-17", "close": 27.10239, "volume": 2738, "typical_volume": 7256.45, "trend": 25.601276, "fair_value": 22.686786, "relative_strength": 0.896376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.684077, "energy": 61.356738, "activity_lines": [ 26.869892, 26.750365, 26.520997, 26.191535 ] }, { "date": "2024-05-24", "close": 26.939068, "volume": 806, "typical_volume": 7029.7, "trend": 25.75871, "fair_value": 22.734258, "relative_strength": 0.851398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.181651, "energy": 61.663695, "activity_lines": [ 26.942268, 26.794781, 26.586198, 26.277844 ] }, { "date": "2024-05-31", "close": 26.814167, "volume": 6145, "typical_volume": 6575.75, "trend": 25.859651, "fair_value": 22.777482, "relative_strength": 0.547554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.303027, "energy": 57.016527, "activity_lines": [ 26.930739, 26.807706, 26.631783, 26.345938 ] }, { "date": "2024-06-07", "close": 26.862207, "volume": 5618, "typical_volume": 6439.25, "trend": 25.969488, "fair_value": 22.820381, "relative_strength": 1.846229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.92744, "energy": 48.621252, "activity_lines": [ 26.916008, 26.827096, 26.676046, 26.410619 ] }, { "date": "2024-06-14", "close": 26.564377, "volume": 6940, "typical_volume": 6666.4, "trend": 26.042757, "fair_value": 22.862636, "relative_strength": 2.326908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.807163, "energy": 29.552493, "activity_lines": [ 26.779583, 26.792334, 26.685135, 26.448999 ] }, { "date": "2024-06-21", "close": 26.414495, "volume": 1527, "typical_volume": 6222.2, "trend": 26.111029, "fair_value": 22.903119, "relative_strength": 2.079782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.489303, "energy": 17.572703, "activity_lines": [ 26.632267, 26.736436, 26.676519, 26.472982 ] }, { "date": "2024-06-28", "close": 26.985357, "volume": 805, "typical_volume": 6071.3, "trend": 26.190719, "fair_value": 22.947377, "relative_strength": 2.618638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.678699, "energy": 22.102973, "activity_lines": [ 26.721098, 26.784609, 26.719279, 26.52939 ] }, { "date": "2024-07-05", "close": 27.207899, "volume": 3491, "typical_volume": 5867.6, "trend": 26.271802, "fair_value": 22.994277, "relative_strength": 2.512856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.156523, "energy": 33.743529, "activity_lines": [ 26.881025, 26.860875, 26.776431, 26.595015 ] }, { "date": "2024-07-12", "close": 27.923895, "volume": 2086, "typical_volume": 5333.3, "trend": 26.375482, "fair_value": 23.045766, "relative_strength": 2.245521, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 83.6551, "energy": 72.01622, "activity_lines": [ 27.253367, 27.054923, 26.895551, 26.701601 ] }, { "date": "2024-07-19", "close": 27.923895, "volume": 5041, "typical_volume": 5137.5, "trend": 26.467428, "fair_value": 23.097602, "relative_strength": 2.072434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.782441, "energy": 86.608801, "activity_lines": [ 27.554931, 27.223553, 27.005676, 26.801499 ] }, { "date": "2024-07-26", "close": 28.156109, "volume": 16595, "typical_volume": 5499.6, "trend": 26.562685, "fair_value": 23.150926, "relative_strength": 2.256269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.250912, "energy": 92.075833, "activity_lines": [ 27.843264, 27.420341, 27.130017, 26.910446 ] }, { "date": "2024-08-02", "close": 27.314333, "volume": 3122, "typical_volume": 5275.05, "trend": 26.629245, "fair_value": 23.197178, "relative_strength": 1.73808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.568441, "energy": 78.034743, "activity_lines": [ 27.734898, 27.44492, 27.165957, 26.95894 ] }, { "date": "2024-08-09", "close": 27.372387, "volume": 4973, "typical_volume": 5375.15, "trend": 26.689129, "fair_value": 23.241662, "relative_strength": 1.483643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.458699, "energy": 50.503167, "activity_lines": [ 27.623952, 27.473232, 27.203339, 27.006884 ] }, { "date": "2024-08-16", "close": 28.388329, "volume": 1961, "typical_volume": 5137.75, "trend": 26.787661, "fair_value": 23.294972, "relative_strength": 1.786822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.544355, "energy": 56.800208, "activity_lines": [ 27.840687, 27.676111, 27.334224, 27.11651 ] }, { "date": "2024-08-23", "close": 28.717297, "volume": 1402, "typical_volume": 4895.85, "trend": 26.883445, "fair_value": 23.35039, "relative_strength": 1.854771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.068706, "energy": 60.308105, "activity_lines": [ 28.136116, 27.911054, 27.489173, 27.241003 ] }, { "date": "2024-08-30", "close": 28.746325, "volume": 4114, "typical_volume": 4887.35, "trend": 26.98211, "fair_value": 23.403392, "relative_strength": 1.610257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.533722, "energy": 78.013161, "activity_lines": [ 28.388327, 28.112131, 27.638235, 27.361189 ] }, { "date": "2024-09-06", "close": 28.059355, "volume": 2328, "typical_volume": 4890.75, "trend": 27.06553, "fair_value": 23.450083, "relative_strength": 1.569679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.134069, "energy": 72.206281, "activity_lines": [ 28.372201, 28.145908, 27.710841, 27.430688 ] }, { "date": "2024-09-13", "close": 29.114, "volume": 5363, "typical_volume": 4750.75, "trend": 27.172624, "fair_value": 23.505095, "relative_strength": 1.773548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.16119, "energy": 81.520066, "activity_lines": [ 28.657955, 28.351911, 27.875536, 27.562848 ] }, { "date": "2024-09-20", "close": 29.590099, "volume": 3985, "typical_volume": 4156.1, "trend": 27.291122, "fair_value": 23.562733, "relative_strength": 2.051205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.062305, "energy": 83.902619, "activity_lines": [ 28.9863, 28.609822, 28.073249, 27.718814 ] }, { "date": "2024-09-27", "close": 29.765247, "volume": 10887, "typical_volume": 4496.35, "trend": 27.407804, "fair_value": 23.623415, "relative_strength": 2.181735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.179161, "energy": 87.434081, "activity_lines": [ 29.292911, 28.869282, 28.273051, 27.878435 ] }, { "date": "2024-10-04", "close": 30.057158, "volume": 5300, "typical_volume": 4624.45, "trend": 27.528795, "fair_value": 23.68364, "relative_strength": 2.204019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.787235, "energy": 92.630938, "activity_lines": [ 29.626962, 29.148339, 28.488203, 28.049361 ] }, { "date": "2024-10-11", "close": 30.533947, "volume": 4545, "typical_volume": 4811.4, "trend": 27.664721, "fair_value": 23.743313, "relative_strength": 2.42152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.146582, "energy": 94.178483, "activity_lines": [ 30.032554, 29.479519, 28.734693, 28.243242 ] }, { "date": "2024-10-18", "close": 30.932896, "volume": 7190, "typical_volume": 4863.65, "trend": 27.806175, "fair_value": 23.804554, "relative_strength": 2.19917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.003762, "energy": 94.963791, "activity_lines": [ 30.406156, 29.824698, 29.00206, 28.454092 ] }, { "date": "2024-10-25", "close": 30.650713, "volume": 3084, "typical_volume": 4736.95, "trend": 27.932459, "fair_value": 23.863812, "relative_strength": 2.643242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.960184, "energy": 88.297797, "activity_lines": [ 30.564437, 30.053834, 29.22294, 28.63761 ] }, { "date": "2024-11-01", "close": 30.611792, "volume": 17081, "typical_volume": 5244.0, "trend": 28.056164, "fair_value": 23.921773, "relative_strength": 3.292779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.244537, "energy": 85.773248, "activity_lines": [ 30.639037, 30.234759, 29.422072, 28.81047 ] }, { "date": "2024-11-08", "close": 31.419411, "volume": 4797, "typical_volume": 5407.5, "trend": 28.222482, "fair_value": 23.984097, "relative_strength": 3.74479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.826941, "energy": 81.8243, "activity_lines": [ 30.926407, 30.528079, 29.678846, 29.027454 ] }, { "date": "2024-11-15", "close": 31.575098, "volume": 5955, "typical_volume": 5665.0, "trend": 28.398152, "fair_value": 24.048175, "relative_strength": 3.60977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.227578, "energy": 84.983603, "activity_lines": [ 31.174855, 30.801103, 29.926615, 29.243752 ] }, { "date": "2024-11-22", "close": 32.207573, "volume": 9828, "typical_volume": 5981.85, "trend": 28.58754, "fair_value": 24.120148, "relative_strength": 3.298533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.762136, "energy": 90.419006, "activity_lines": [ 31.564719, 31.125201, 30.212764, 29.489521 ] }, { "date": "2024-11-29", "close": 32.616245, "volume": 10310, "typical_volume": 6393.05, "trend": 28.79055, "fair_value": 24.195846, "relative_strength": 3.66588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.145185, "energy": 92.514043, "activity_lines": [ 32.005828, 31.467356, 30.514026, 29.749437 ] }, { "date": "2024-12-06", "close": 32.713551, "volume": 9083, "typical_volume": 6595.15, "trend": 28.975987, "fair_value": 24.269433, "relative_strength": 3.708905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.096785, "energy": 93.217631, "activity_lines": [ 32.348337, 31.772182, 30.802211, 30.002534 ] }, { "date": "2024-12-13", "close": 32.217304, "volume": 3257, "typical_volume": 5928.25, "trend": 29.146484, "fair_value": 24.341643, "relative_strength": 3.715611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.522448, "energy": 86.477669, "activity_lines": [ 32.385314, 31.933176, 31.020327, 30.211651 ] }, { "date": "2024-12-20", "close": 31.487526, "volume": 4787, "typical_volume": 6011.5, "trend": 29.2981, "fair_value": 24.404985, "relative_strength": 4.025099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.513069, "energy": 66.733001, "activity_lines": [ 32.125837, 31.922207, 31.1496, 30.362686 ] }, { "date": "2024-12-27", "close": 31.652939, "volume": 5065, "typical_volume": 6016.1, "trend": 29.459392, "fair_value": 24.467287, "relative_strength": 3.628744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.976285, "energy": 61.266491, "activity_lines": [ 31.927337, 31.923976, 31.274755, 30.514612 ] }, { "date": "2025-01-03", "close": 32.298496, "volume": 4207, "typical_volume": 6128.4, "trend": 29.640602, "fair_value": 24.53443, "relative_strength": 4.444873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.700749, "energy": 55.266097, "activity_lines": [ 31.980998, 32.030027, 31.441008, 30.69778 ] }, { "date": "2025-01-10", "close": 31.721731, "volume": 18753, "typical_volume": 6995.95, "trend": 29.812513, "fair_value": 24.595827, "relative_strength": 3.74551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.721701, "energy": 42.348809, "activity_lines": [ 31.863587, 32.001252, 31.533711, 30.832046 ] }, { "date": "2025-01-17", "close": 32.142086, "volume": 9348, "typical_volume": 7257.65, "trend": 30.003433, "fair_value": 24.660973, "relative_strength": 3.755185, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.312475, "energy": 45.318742, "activity_lines": [ 31.952416, 32.028724, 31.652141, 30.982341 ] }, { "date": "2025-01-24", "close": 32.699291, "volume": 7218, "typical_volume": 7502.15, "trend": 30.193898, "fair_value": 24.73209, "relative_strength": 3.795765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.047489, "energy": 59.248606, "activity_lines": [ 32.231995, 32.144367, 31.807468, 31.156267 ] }, { "date": "2025-01-31", "close": 32.943676, "volume": 7530, "typical_volume": 7610.5, "trend": 30.38509, "fair_value": 24.801262, "relative_strength": 4.197966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.316501, "energy": 61.024621, "activity_lines": [ 32.512251, 32.284004, 31.963975, 31.333672 ] }, { "date": "2025-02-07", "close": 32.78727, "volume": 6122, "typical_volume": 7717.35, "trend": 30.547203, "fair_value": 24.866153, "relative_strength": 3.9543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.164809, "energy": 61.214039, "activity_lines": [ 32.654322, 32.38182, 32.087349, 31.488652 ] }, { "date": "2025-02-14", "close": 32.718842, "volume": 5715, "typical_volume": 7458.75, "trend": 30.707034, "fair_value": 24.932888, "relative_strength": 3.468353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.719952, "energy": 61.817746, "activity_lines": [ 32.740999, 32.464084, 32.188982, 31.628757 ] }, { "date": "2025-02-21", "close": 32.288712, "volume": 5597, "typical_volume": 7473.6, "trend": 30.844788, "fair_value": 24.997978, "relative_strength": 3.36408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.240883, "energy": 51.534374, "activity_lines": [ 32.617825, 32.468047, 32.235585, 31.730801 ] }, { "date": "2025-02-28", "close": 32.709068, "volume": 16672, "typical_volume": 8079.95, "trend": 31.024612, "fair_value": 25.063246, "relative_strength": 3.581952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.023828, "energy": 46.187909, "activity_lines": [ 32.624995, 32.54714, 32.311596, 31.851077 ] }, { "date": "2025-03-07", "close": 31.887918, "volume": 11445, "typical_volume": 8292.7, "trend": 31.17513, "fair_value": 25.121377, "relative_strength": 3.454761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.315582, "energy": 24.815146, "activity_lines": [ 32.357797, 32.454723, 32.299044, 31.906774 ] }, { "date": "2025-03-14", "close": 31.692402, "volume": 7814, "typical_volume": 8529.2, "trend": 31.285266, "fair_value": 25.178371, "relative_strength": 3.552773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.555345, "energy": 15.671743, "activity_lines": [ 32.09581, 32.322485, 32.263324, 31.940147 ] }, { "date": "2025-03-21", "close": 32.161633, "volume": 10355, "typical_volume": 8192.9, "trend": 31.400077, "fair_value": 25.23803, "relative_strength": 3.220962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.509986, "energy": 17.015275, "activity_lines": [ 32.063225, 32.286582, 32.267333, 31.996687 ] }, { "date": "2025-03-28", "close": 32.008808, "volume": 4577, "typical_volume": 8181.9, "trend": 31.508826, "fair_value": 25.295767, "relative_strength": 3.469759, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.418878, "energy": 14.764679, "activity_lines": [ 32.016845, 32.214895, 32.249406, 32.03596 ] }, { "date": "2025-04-04", "close": 30.359777, "volume": 8616, "typical_volume": 8314.95, "trend": 31.585507, "fair_value": 25.34411, "relative_strength": 4.601987, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.32789, "energy": 34.88932, "activity_lines": [ 31.439449, 31.845807, 32.071622, 31.961827 ] }, { "date": "2025-04-11", "close": 30.722954, "volume": 26692, "typical_volume": 9158.15, "trend": 31.639139, "fair_value": 25.391722, "relative_strength": 3.931039, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.592215, "energy": 46.785982, "activity_lines": [ 31.139731, 31.585287, 31.934214, 31.906179 ] }, { "date": "2025-04-18", "close": 31.625992, "volume": 3619, "typical_volume": 8823.6, "trend": 31.707002, "fair_value": 25.449006, "relative_strength": 4.149009, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.076648, "energy": 43.610525, "activity_lines": [ 31.21869, 31.529333, 31.889878, 31.905331 ] }, { "date": "2025-04-25", "close": 32.273827, "volume": 3389, "typical_volume": 8538.9, "trend": 31.790621, "fair_value": 25.510442, "relative_strength": 3.89869, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.202186, "energy": 25.260763, "activity_lines": [ 31.518022, 31.612282, 31.911957, 31.9419 ] }, { "date": "2025-05-02", "close": 32.764606, "volume": 7569, "typical_volume": 8754.5, "trend": 31.880869, "fair_value": 25.578673, "relative_strength": 3.966448, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.298929, "energy": 10.768499, "activity_lines": [ 31.973467, 31.792554, 31.982871, 32.004738 ] }, { "date": "2025-05-09", "close": 33.10815, "volume": 9737, "typical_volume": 9002.0, "trend": 31.966676, "fair_value": 25.653165, "relative_strength": 3.564926, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.171824, "energy": 34.577601, "activity_lines": [ 32.49304, 32.026636, 32.083897, 32.083917 ] }, { "date": "2025-05-16", "close": 33.834518, "volume": 5514, "typical_volume": 9024.45, "trend": 32.063397, "fair_value": 25.728137, "relative_strength": 3.182538, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.322843, "energy": 59.704005, "activity_lines": [ 33.07151, 32.385529, 32.246383, 32.204423 ] }, { "date": "2025-05-23", "close": 33.716724, "volume": 8980, "typical_volume": 9263.1, "trend": 32.165597, "fair_value": 25.797763, "relative_strength": 3.037912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.698014, "energy": 73.761369, "activity_lines": [ 33.403279, 32.687612, 32.387263, 32.311089 ] }, { "date": "2025-05-30", "close": 34.227139, "volume": 8271, "typical_volume": 8739.0, "trend": 32.286109, "fair_value": 25.869074, "relative_strength": 3.255912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.127538, "energy": 80.326863, "activity_lines": [ 33.765803, 33.045692, 32.57, 32.444092 ] }, { "date": "2025-06-06", "close": 34.492161, "volume": 2091, "typical_volume": 8376.15, "trend": 32.388534, "fair_value": 25.942671, "relative_strength": 2.92338, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.917082, "energy": 83.916073, "activity_lines": [ 34.086448, 33.414403, 32.766047, 32.586418 ] }, { "date": "2025-06-13", "close": 34.531425, "volume": 11631, "typical_volume": 8596.8, "trend": 32.487078, "fair_value": 26.029994, "relative_strength": 2.630677, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.058763, "energy": 83.436291, "activity_lines": [ 34.30501, 33.745101, 32.954642, 32.724669 ] }, { "date": "2025-06-20", "close": 34.609947, "volume": 28679, "typical_volume": 9654.25, "trend": 32.567157, "fair_value": 26.121911, "relative_strength": 2.764818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.754582, "energy": 80.313994, "activity_lines": [ 34.454861, 34.014228, 33.141992, 32.861628 ] }, { "date": "2025-06-27", "close": 34.887268, "volume": 9314, "typical_volume": 9813.85, "trend": 32.642858, "fair_value": 26.212765, "relative_strength": 2.718501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.16096, "energy": 79.839651, "activity_lines": [ 34.645458, 34.263104, 33.347818, 33.011313 ] }, { "date": "2025-07-04", "close": 35.559319, "volume": 9217, "typical_volume": 9988.95, "trend": 32.737717, "fair_value": 26.306449, "relative_strength": 3.182802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.342273, "energy": 90.737065, "activity_lines": [ 34.982035, 34.574876, 33.607649, 33.199472 ] }, { "date": "2025-07-11", "close": 35.480255, "volume": 7817, "typical_volume": 10099.95, "trend": 32.846482, "fair_value": 26.403767, "relative_strength": 2.932077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.274496, "energy": 90.612468, "activity_lines": [ 35.203445, 34.812536, 33.846424, 33.37641 ] }, { "date": "2025-07-18", "close": 35.81628, "volume": 11710, "typical_volume": 9851.85, "trend": 32.990774, "fair_value": 26.499393, "relative_strength": 2.676238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.593621, "energy": 92.73387, "activity_lines": [ 35.470991, 35.061916, 34.102003, 33.568009 ] }, { "date": "2025-07-25", "close": 36.033707, "volume": 12698, "typical_volume": 9914.5, "trend": 33.136799, "fair_value": 26.591147, "relative_strength": 2.503733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.763797, "energy": 93.351429, "activity_lines": [ 35.725355, 35.301589, 34.363494, 33.764328 ] }, { "date": "2025-08-01", "close": 35.470371, "volume": 13058, "typical_volume": 10176.7, "trend": 33.242529, "fair_value": 26.682248, "relative_strength": 2.541906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.92534, "energy": 86.222441, "activity_lines": [ 35.697023, 35.398852, 34.551592, 33.914881 ] }, { "date": "2025-08-08", "close": 36.517975, "volume": 15896, "typical_volume": 10453.75, "trend": 33.402403, "fair_value": 26.779059, "relative_strength": 2.625823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.777207, "energy": 84.463133, "activity_lines": [ 35.97902, 35.654705, 34.821471, 34.1262 ] }, { "date": "2025-08-15", "close": 36.982479, "volume": 14056, "typical_volume": 10927.7, "trend": 33.56375, "fair_value": 26.874173, "relative_strength": 3.238999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.518346, "energy": 86.443681, "activity_lines": [ 36.35194, 35.953361, 35.114844, 34.357173 ] }, { "date": "2025-08-22", "close": 37.516163, "volume": 21943, "typical_volume": 11594.05, "trend": 33.724312, "fair_value": 26.973713, "relative_strength": 3.008029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.981631, "energy": 79.624083, "activity_lines": [ 36.802607, 36.303772, 35.43536, 34.612167 ] }, { "date": "2025-08-29", "close": 37.792896, "volume": 14515, "typical_volume": 10985.2, "trend": 33.885953, "fair_value": 27.075028, "relative_strength": 2.786122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.111793, "energy": 94.420616, "activity_lines": [ 37.232193, 36.65023, 35.748154, 34.874656 ] }, { "date": "2025-09-05", "close": 38.563774, "volume": 18942, "typical_volume": 11751.35, "trend": 34.078503, "fair_value": 27.184302, "relative_strength": 2.980332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.203127, "energy": 96.248945, "activity_lines": [ 37.801458, 37.078976, 36.100698, 35.176451 ] }, { "date": "2025-09-12", "close": 38.870148, "volume": 19790, "typical_volume": 12571.4, "trend": 34.283547, "fair_value": 27.293351, "relative_strength": 2.830618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.987847, "energy": 94.637738, "activity_lines": [ 38.266622, 37.49658, 36.449384, 35.485589 ] }, { "date": "2025-09-19", "close": 39.502666, "volume": 31675, "typical_volume": 13776.7, "trend": 34.524012, "fair_value": 27.416152, "relative_strength": 2.669295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.922755, "energy": 89.621976, "activity_lines": [ 38.785813, 37.968992, 36.826898, 35.822307 ] }, { "date": "2025-09-26", "close": 39.227104, "volume": 22840, "typical_volume": 14431.85, "trend": 34.74128, "fair_value": 27.536651, "relative_strength": 1.862835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.694861, "energy": 71.162879, "activity_lines": [ 39.045138, 38.318166, 37.146082, 36.125732 ] }, { "date": "2025-10-03", "close": 40.25835, "volume": 19863, "typical_volume": 15149.3, "trend": 35.020294, "fair_value": 27.660191, "relative_strength": 1.986464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.111061, "energy": 75.817843, "activity_lines": [ 39.534149, 38.792824, 37.534343, 36.481672 ] }, { "date": "2025-10-10", "close": 39.286598, "volume": 37167, "typical_volume": 16558.65, "trend": 35.273434, "fair_value": 27.780834, "relative_strength": 1.491537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.120325, "energy": 67.832496, "activity_lines": [ 39.534879, 39.013989, 37.799466, 36.756918 ] }, { "date": "2025-10-17", "close": 39.712978, "volume": 19389, "typical_volume": 17114.55, "trend": 35.525145, "fair_value": 27.902723, "relative_strength": 1.605531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.726295, "energy": 67.217186, "activity_lines": [ 39.629547, 39.243291, 38.078673, 37.04334 ] }, { "date": "2025-10-24", "close": 39.88155, "volume": 17446, "typical_volume": 17882.3, "trend": 35.78757, "fair_value": 28.020575, "relative_strength": 1.12316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.967591, "energy": 66.715195, "activity_lines": [ 39.724217, 39.445152, 38.347812, 37.324398 ] }, { "date": "2025-10-31", "close": 39.950958, "volume": 32269, "typical_volume": 18914.2, "trend": 36.107276, "fair_value": 28.138575, "relative_strength": 1.521084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.299199, "energy": 63.957938, "activity_lines": [ 39.816765, 39.606922, 38.597897, 37.593004 ] }, { "date": "2025-11-07", "close": 39.425419, "volume": 22198, "typical_volume": 18590.15, "trend": 36.397358, "fair_value": 28.251123, "relative_strength": 1.279392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.429005, "energy": 58.254596, "activity_lines": [ 39.685875, 39.628871, 38.772124, 37.807078 ] }, { "date": "2025-11-14", "close": 39.623737, "volume": 29083, "typical_volume": 19578.6, "trend": 36.66395, "fair_value": 28.364705, "relative_strength": 0.341899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.245933, "energy": 51.548913, "activity_lines": [ 39.676621, 39.657195, 38.942307, 38.015231 ] }, { "date": "2025-11-21", "close": 39.365925, "volume": 38104, "typical_volume": 21022.95, "trend": 36.900353, "fair_value": 28.4736, "relative_strength": 0.178748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.237097, "energy": 40.713133, "activity_lines": [ 39.558953, 39.619372, 39.065382, 38.189552 ] }, { "date": "2025-11-28", "close": 40.853302, "volume": 19592, "typical_volume": 21611.7, "trend": 37.169976, "fair_value": 28.590065, "relative_strength": -0.129048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.455738, "energy": 51.407903, "activity_lines": [ 39.960214, 39.842967, 39.311985, 38.444581 ] }, { "date": "2025-12-05", "close": 40.704567, "volume": 28073, "typical_volume": 22429.85, "trend": 37.42319, "fair_value": 28.707303, "relative_strength": -0.304989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.899427, "energy": 53.695726, "activity_lines": [ 40.247114, 40.014962, 39.518838, 38.672619 ] }, { "date": "2025-12-12", "close": 41.121033, "volume": 39664, "typical_volume": 23778.15, "trend": 37.666074, "fair_value": 28.832268, "relative_strength": -0.018613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.086752, "energy": 57.967536, "activity_lines": [ 40.622595, 40.235816, 39.742076, 38.91119 ] }, { "date": "2025-12-19", "close": 41.52758, "volume": 29322, "typical_volume": 24591.35, "trend": 37.926436, "fair_value": 28.959838, "relative_strength": 0.202716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.675447, "energy": 81.260811, "activity_lines": [ 41.020551, 40.514902, 39.979807, 39.160319 ] }, { "date": "2025-12-26", "close": 41.81514, "volume": 18078, "typical_volume": 24700.45, "trend": 38.179369, "fair_value": 29.088415, "relative_strength": 0.08267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.941708, "energy": 85.374509, "activity_lines": [ 41.387437, 40.805527, 40.216081, 39.411203 ] }, { "date": "2026-01-02", "close": 41.686447, "volume": 16880, "typical_volume": 24841.65, "trend": 38.419179, "fair_value": 29.213235, "relative_strength": 0.110431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.758384, "energy": 83.891532, "activity_lines": [ 41.548145, 41.034531, 40.414875, 39.637466 ] }, { "date": "2026-01-09", "close": 42.890568, "volume": 147631, "typical_volume": 31126.05, "trend": 38.697817, "fair_value": 29.344756, "relative_strength": 0.647204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.97981, "energy": 92.447381, "activity_lines": [ 42.054683, 41.449651, 40.705946, 39.925943 ] }, { "date": "2026-01-16", "close": 43.527458, "volume": 82243, "typical_volume": 34512.45, "trend": 38.995067, "fair_value": 29.477308, "relative_strength": 0.767347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.208854, "energy": 94.630838, "activity_lines": [ 42.627784, 41.927121, 41.032081, 40.237533 ] }, { "date": "2026-01-23", "close": 43.607071, "volume": 72653, "typical_volume": 37198.0, "trend": 39.285727, "fair_value": 29.608576, "relative_strength": 0.586727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.841577, "energy": 92.726368, "activity_lines": [ 43.066995, 42.344484, 41.338492, 40.535081 ] }, { "date": "2026-01-30", "close": 42.024796, "volume": 126149, "typical_volume": 42515.95, "trend": 39.501243, "fair_value": 29.730419, "relative_strength": 0.607351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.21755, "energy": 71.292898, "activity_lines": [ 42.840148, 42.401736, 41.470193, 40.711796 ] }, { "date": "2026-02-06", "close": 42.731342, "volume": 108675, "typical_volume": 46365.95, "trend": 39.742946, "fair_value": 29.856791, "relative_strength": 0.533568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.947708, "energy": 62.123343, "activity_lines": [ 42.834839, 42.539108, 41.654163, 40.920189 ] }, { "date": "2026-02-13", "close": 43.308529, "volume": 123812, "typical_volume": 51414.55, "trend": 39.992688, "fair_value": 29.986505, "relative_strength": -0.002737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.30463, "energy": 60.457985, "activity_lines": [ 42.952267, 42.747277, 41.877728, 41.150227 ] }, { "date": "2026-02-20", "close": 44.04493, "volume": 98358, "typical_volume": 55339.3, "trend": 40.259728, "fair_value": 30.123332, "relative_strength": -0.566131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.742478, "energy": 62.116485, "activity_lines": [ 43.287297, 43.041992, 42.151991, 41.411662 ] }, { "date": "2026-02-27", "close": 44.831093, "volume": 101350, "typical_volume": 58548.45, "trend": 40.571753, "fair_value": 30.263702, "relative_strength": -0.356746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.848619, "energy": 71.745381, "activity_lines": [ 43.849883, 43.426484, 42.483095, 41.706588 ] }, { "date": "2026-03-06", "close": 43.089596, "volume": 118929, "typical_volume": 63525.45, "trend": 40.790807, "fair_value": 30.39626, "relative_strength": -0.611804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.453749, "energy": 57.232363, "activity_lines": [ 43.750369, 43.434277, 42.62194, 41.86903 ] }, { "date": "2026-03-13", "close": 42.253677, "volume": 151172, "typical_volume": 70211.75, "trend": 40.966513, "fair_value": 30.524596, "relative_strength": -0.928424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.303765, "energy": 45.519759, "activity_lines": [ 43.301229, 43.266912, 42.665095, 41.963409 ] }, { "date": "2026-03-20", "close": 40.810722, "volume": 111334, "typical_volume": 74165.0, "trend": 41.076332, "fair_value": 30.644798, "relative_strength": -0.592263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.410063, "energy": 12.414743, "activity_lines": [ 42.402948, 42.826878, 42.55953, 41.953358 ] }, { "date": "2026-03-27", "close": 41.48, "volume": 73401, "typical_volume": 76725.15, "trend": 41.199235, "fair_value": 30.768021, "relative_strength": -1.003011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.160375, "energy": 21.752034, "activity_lines": [ 41.89428, 42.546347, 42.513611, 41.979401 ] }, { "date": "2026-04-03", "close": 43.139999, "volume": 61399, "typical_volume": 78340.95, "trend": 41.351776, "fair_value": 30.896689, "relative_strength": -0.600966, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.210769, "energy": 21.334208, "activity_lines": [ 42.109941, 42.604861, 42.616004, 42.104611 ] }, { "date": "2026-04-10", "close": 43.98, "volume": 83884, "typical_volume": 80629.95, "trend": 41.522104, "fair_value": 31.028021, "relative_strength": -0.436594, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.403737, "energy": 22.290238, "activity_lines": [ 42.718341, 42.824594, 42.781652, 42.274174 ] }, { "date": "2026-04-17", "close": 44.847145, "volume": 62822, "typical_volume": 82791.45, "trend": 41.700254, "fair_value": 31.164973, "relative_strength": -0.394166, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.837412, "energy": 42.612991, "activity_lines": [ 43.55643, 43.16644, 43.007915, 42.488693 ] }, { "date": "2026-04-24", "close": 44.379055, "volume": 74892, "typical_volume": 85132.4, "trend": 41.871986, "fair_value": 31.298017, "relative_strength": -0.152453, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.44043, "energy": 61.715683, "activity_lines": [ 44.06559, 43.38471, 43.170578, 42.661519 ] }, { "date": "2026-05-01", "close": 44.24958, "volume": 81948, "typical_volume": 87246.6, "trend": 42.005026, "fair_value": 31.432528, "relative_strength": -0.401035, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.106243, "energy": 66.072002, "activity_lines": [ 44.293704, 43.559976, 43.303414, 42.814912 ] }, { "date": "2026-05-08", "close": 44.548363, "volume": 126858, "typical_volume": 92123.4, "trend": 42.180419, "fair_value": 31.569015, "relative_strength": -0.279938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.270122, "energy": 65.783686, "activity_lines": [ 44.436773, 43.785844, 43.449807, 42.978998 ] }, { "date": "2026-05-15", "close": 43.811371, "volume": 81807, "typical_volume": 95309.85, "trend": 42.317032, "fair_value": 31.699146, "relative_strength": -1.209906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.668344, "energy": 43.308304, "activity_lines": [ 44.240287, 43.882854, 43.511625, 43.084221 ] }, { "date": "2026-05-22", "close": 44.687794, "volume": 76093, "typical_volume": 98270.5, "trend": 42.47724, "fair_value": 31.838278, "relative_strength": -1.089315, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.915771, "energy": 38.792498, "activity_lines": [ 44.347184, 44.126091, 43.647407, 43.237173 ] }, { "date": "2026-05-29", "close": 45.255478, "volume": 72099, "typical_volume": 94493.9, "trend": 42.654057, "fair_value": 31.979358, "relative_strength": -0.681705, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.263064, "energy": 43.587114, "activity_lines": [ 44.653932, 44.428287, 43.822962, 43.416414 ] }, { "date": "2026-06-05", "close": 44.727631, "volume": 13867, "typical_volume": 91075.1, "trend": 42.830798, "fair_value": 32.116752, "relative_strength": -0.818003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.2685, "energy": 40.198832, "activity_lines": [ 44.726304, 44.553696, 43.936984, 43.550193 ] }, { "date": "2026-06-12", "close": 45.46463, "volume": 12403, "typical_volume": 88062.6, "trend": 43.025494, "fair_value": 32.258992, "relative_strength": -0.694658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.011927, "energy": 60.02229, "activity_lines": [ 45.012471, 44.754058, 44.115481, 43.720118 ] }, { "date": "2026-06-19", "close": 45.5443, "volume": 4419, "typical_volume": 81976.1, "trend": 43.23144, "fair_value": 32.403518, "relative_strength": -0.603387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.819604, "energy": 71.122236, "activity_lines": [ 45.264111, 44.926639, 44.29272, 43.882622 ] }, { "date": "2026-06-26", "close": 45.41, "volume": 9758, "typical_volume": 77030.25, "trend": 43.38333, "fair_value": 32.546034, "relative_strength": -0.915074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.982488, "energy": 69.601018, "activity_lines": [ 45.355455, 45.04636, 44.44041, 44.023174 ] }, { "date": "2026-07-03", "close": 45.599998, "volume": 23095, "typical_volume": 71994.4, "trend": 43.546511, "fair_value": 32.68874, "relative_strength": -1.224877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.073494, "energy": 75.879057, "activity_lines": [ 45.461985, 45.190392, 44.593438, 44.166185 ] }, { "date": "2026-07-10", "close": 45.66, "volume": 45088, "typical_volume": 69330.9, "trend": 43.69781, "fair_value": 32.830499, "relative_strength": -1.228877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.367818, "energy": 72.840385, "activity_lines": [ 45.565548, 45.323135, 44.74127, 44.302539 ] }, { "date": "2026-07-17", "close": 45.669998, "volume": 45734, "typical_volume": 66550.1, "trend": 43.83589, "fair_value": 32.968996, "relative_strength": -1.067739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.887541, "energy": 64.847174, "activity_lines": [ 45.610286, 45.432051, 44.882363, 44.429777 ] }, { "date": "2026-07-24", "close": 45.459999, "volume": 45674, "typical_volume": 62887.35, "trend": 43.957386, "fair_value": 33.106448, "relative_strength": -1.779085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.329307, "energy": 49.859803, "activity_lines": [ 45.571332, 45.482393, 44.999461, 44.534558 ] }, { "date": "2026-07-31", "close": 45.549999, "volume": 45381, "typical_volume": 57597.8, "trend": 44.086171, "fair_value": 33.245567, "relative_strength": -1.15657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.691311, "energy": 46.245302, "activity_lines": [ 45.567999, 45.519123, 45.113843, 44.637307 ] }, { "date": "2026-08-07", "close": 46.880001, "volume": 47025, "typical_volume": 54382.35, "trend": 44.219152, "fair_value": 33.392727, "relative_strength": -1.461294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.229708, "energy": 60.416241, "activity_lines": [ 45.998666, 45.781996, 45.339196, 44.817554 ] } ], "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." } } }