{ "ticker": { "uuid": "c8e2c0c6-1189-46f1-b1bb-f707952ec939", "symbol": "IQD-B", "name": "CI International Quality Dividend Growth Index ETF Non-Hedged", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 86.447, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 76.408, "architecture_energy": 55.846, "architecture_maturity": 29.768, "architecture_confidence": 76.091, "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": 12.6, "rotation_up": 54.14, "upward_expansion": 79.48, "deceleration": 60.97, "rotation_down": 24.17, "downward_expansion": 8.48 }, "activity_lines": [ 36.460667, 36.291551, 35.626215, 35.133784 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 37.09, "trend_reference": 34.758293, "distance_from_trend": 0.067083, "trend_direction": "Improving", "fair_value": 30.363992, "distance_from_fair_value": 0.221513, "fair_value_direction": "Improving", "relative_strength": -2.664273, "relative_strength_direction": "Improving", "price_momentum": 0.056577, "excess_performance": -0.063844, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.067083, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026847, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.221513, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.057125, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.026643, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.041478, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.056577, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.894737, "read": "Demand-led" } ], "volume": { "latest": 1900, "relative_activity": 0.454545, "balance": 3.894737, "dry_up": 0.580144, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.023019, "annualized_volatility": 0.200844, "from_high_reference": -0.008024, "from_low_reference": 0.21141 }, "levels": { "trend_reference": 34.758293, "fair_value_reference": 30.363992, "structural_low": 31.361626, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.00808, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.008189, "regime_survival": 0.75, "best_return": 0.064335, "worst_return": -0.122284, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.026168, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.026736, "regime_survival": 0.5, "best_return": 0.081588, "worst_return": -0.050357, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.04553, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.064562, "regime_survival": 0.333333, "best_return": 0.099838, "worst_return": -0.032538, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.098834, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.135919, "regime_survival": 0.25, "best_return": 0.165492, "worst_return": -0.208973, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-10-11", "tenure": "Developing", "return": 0.050055, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.03142, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": -0.024252, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-01-17", "tenure": "Developing", "return": 0.005619, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": 0.010247, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.028169, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.026358, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.137624, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-08-08", "tenure": "Developing", "return": 0.025203, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": -0.007136, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-03-06", "tenure": "Extended", "return": 0.053507, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.08389, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-12", "tenure": "Developing", "return": 0.057481, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.02003, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.165348, "volume": 4700, "typical_volume": 2990.0, "trend": 25.260277, "fair_value": 24.304186, "relative_strength": 6.124508, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.395586, "energy": 6.219493, "activity_lines": [ 25.496876, 25.517614, 25.538576, 25.468011 ] }, { "date": "2023-08-25", "close": 25.362759, "volume": 4600, "typical_volume": 3105.0, "trend": 25.290539, "fair_value": 24.323783, "relative_strength": 6.520796, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.852478, "energy": 10.795919, "activity_lines": [ 25.417284, 25.497445, 25.513126, 25.474623 ] }, { "date": "2023-09-01", "close": 25.654182, "volume": 5700, "typical_volume": 3110.0, "trend": 25.319996, "fair_value": 24.348261, "relative_strength": 3.71186, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.513939, "energy": 15.21782, "activity_lines": [ 25.463661, 25.534193, 25.516285, 25.498084 ] }, { "date": "2023-09-08", "close": 25.306358, "volume": 7300, "typical_volume": 3390.0, "trend": 25.359206, "fair_value": 24.367552, "relative_strength": 4.386335, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.428263, "energy": 9.583747, "activity_lines": [ 25.412898, 25.492831, 25.487021, 25.497204 ] }, { "date": "2023-09-15", "close": 25.202951, "volume": 4500, "typical_volume": 3540.0, "trend": 25.381047, "fair_value": 24.384536, "relative_strength": 0.944003, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.905139, "energy": 21.399846, "activity_lines": [ 25.339573, 25.435744, 25.4508, 25.487123 ] }, { "date": "2023-09-22", "close": 24.492218, "volume": 5700, "typical_volume": 3785.0, "trend": 25.399925, "fair_value": 24.397019, "relative_strength": 1.993239, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -48.044099, "energy": 50.288787, "activity_lines": [ 25.057539, 25.243792, 25.352886, 25.429779 ] }, { "date": "2023-09-29", "close": 24.256714, "volume": 100, "typical_volume": 3725.0, "trend": 25.3927, "fair_value": 24.406677, "relative_strength": 1.992538, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -80.19307, "energy": 76.651625, "activity_lines": [ 24.74188, 25.035447, 25.240861, 25.356023 ] }, { "date": "2023-10-06", "close": 24.388596, "volume": 7700, "typical_volume": 4060.0, "trend": 25.393274, "fair_value": 24.416247, "relative_strength": 3.872329, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.009007, "energy": 79.056169, "activity_lines": [ 24.543917, 24.879052, 25.150215, 25.291243 ] }, { "date": "2023-10-13", "close": 24.407436, "volume": 12700, "typical_volume": 4590.0, "trend": 25.396951, "fair_value": 24.425882, "relative_strength": 2.541882, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.409015, "energy": 82.6256, "activity_lines": [ 24.436606, 24.754221, 25.069068, 25.22764 ] }, { "date": "2023-10-20", "close": 24.002371, "volume": 2600, "typical_volume": 4660.0, "trend": 25.367943, "fair_value": 24.43391, "relative_strength": 2.382016, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.796553, "energy": 87.899682, "activity_lines": [ 24.254202, 24.575333, 24.955011, 25.137667 ] }, { "date": "2023-10-27", "close": 23.908173, "volume": 24100, "typical_volume": 5450.0, "trend": 25.319375, "fair_value": 24.448587, "relative_strength": 3.713933, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.748293, "energy": 86.383916, "activity_lines": [ 24.120438, 24.408838, 24.837012, 25.043488 ] }, { "date": "2023-11-03", "close": 24.803078, "volume": 21000, "typical_volume": 6385.0, "trend": 25.294751, "fair_value": 24.460319, "relative_strength": 1.442646, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.280043, "energy": 51.649736, "activity_lines": [ 24.323911, 24.427911, 24.810073, 25.010179 ] }, { "date": "2023-11-10", "close": 25.123363, "volume": 7300, "typical_volume": 6175.0, "trend": 25.272127, "fair_value": 24.471357, "relative_strength": 3.373746, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.204753, "energy": 31.019062, "activity_lines": [ 24.597722, 24.515394, 24.817333, 24.999122 ] }, { "date": "2023-11-17", "close": 25.716825, "volume": 0, "typical_volume": 5880.0, "trend": 25.265568, "fair_value": 24.488067, "relative_strength": 2.847622, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.098349, "energy": 16.588862, "activity_lines": [ 25.020369, 24.72043, 24.879746, 25.027812 ] }, { "date": "2023-11-24", "close": 26.159569, "volume": 800, "typical_volume": 5900.0, "trend": 25.255488, "fair_value": 24.503714, "relative_strength": 4.71697, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 41.975274, "energy": 45.135227, "activity_lines": [ 25.503304, 24.998502, 24.983176, 25.085489 ] }, { "date": "2023-12-01", "close": 26.046532, "volume": 3000, "typical_volume": 6030.0, "trend": 25.249075, "fair_value": 24.519351, "relative_strength": 2.297453, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.991896, "energy": 53.639873, "activity_lines": [ 25.804748, 25.238629, 25.069808, 25.136524 ] }, { "date": "2023-12-08", "close": 26.263191, "volume": 300, "typical_volume": 5895.0, "trend": 25.254222, "fair_value": 24.536102, "relative_strength": 3.590369, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.098344, "energy": 73.525897, "activity_lines": [ 26.035854, 25.489888, 25.176594, 25.201951 ] }, { "date": "2023-12-15", "close": 26.592894, "volume": 100, "typical_volume": 5745.0, "trend": 25.273767, "fair_value": 24.551779, "relative_strength": 3.721994, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.33047, "energy": 91.06749, "activity_lines": [ 26.27952, 25.764612, 25.312552, 25.288317 ] }, { "date": "2023-12-22", "close": 26.935812, "volume": 5500, "typical_volume": 5925.0, "trend": 25.318375, "fair_value": 24.570259, "relative_strength": 3.120561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.31003, "energy": 94.414618, "activity_lines": [ 26.539523, 26.061607, 25.478041, 25.395546 ] }, { "date": "2023-12-29", "close": 27.058891, "volume": 0, "typical_volume": 5885.0, "trend": 25.385055, "fair_value": 24.588416, "relative_strength": 3.061733, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.819755, "energy": 93.851841, "activity_lines": [ 26.759287, 26.335008, 25.648343, 25.507837 ] }, { "date": "2024-01-05", "close": 26.594971, "volume": 3900, "typical_volume": 5845.0, "trend": 25.433792, "fair_value": 24.599182, "relative_strength": 1.25351, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.979118, "energy": 86.653659, "activity_lines": [ 26.764456, 26.468488, 25.767639, 25.585896 ] }, { "date": "2024-01-12", "close": 27.096767, "volume": 3100, "typical_volume": 5770.0, "trend": 25.484385, "fair_value": 24.613329, "relative_strength": 2.748917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.106025, "energy": 88.612042, "activity_lines": [ 26.900327, 26.644353, 25.927917, 25.693185 ] }, { "date": "2024-01-19", "close": 26.78433, "volume": 2900, "typical_volume": 5630.0, "trend": 25.549318, "fair_value": 24.623817, "relative_strength": 1.836506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.47609, "energy": 64.43079, "activity_lines": [ 26.876482, 26.721707, 26.050183, 25.777052 ] }, { "date": "2024-01-26", "close": 27.248251, "volume": 800, "typical_volume": 5305.0, "trend": 25.608408, "fair_value": 24.642415, "relative_strength": 2.356389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.030464, "energy": 66.927907, "activity_lines": [ 26.994514, 26.853211, 26.211249, 25.886661 ] }, { "date": "2024-02-02", "close": 27.437605, "volume": 2100, "typical_volume": 5185.0, "trend": 25.693237, "fair_value": 24.660349, "relative_strength": 3.09428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.2873, "energy": 77.04887, "activity_lines": [ 27.154835, 26.991299, 26.381102, 26.004674 ] }, { "date": "2024-02-09", "close": 27.503878, "volume": 900, "typical_volume": 4945.0, "trend": 25.74518, "fair_value": 24.675615, "relative_strength": 3.496381, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.737409, "energy": 83.865871, "activity_lines": [ 27.311999, 27.1182, 26.546626, 26.121489 ] }, { "date": "2024-02-16", "close": 27.693235, "volume": 3200, "typical_volume": 5100.0, "trend": 25.808448, "fair_value": 24.692316, "relative_strength": 2.836665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.443408, "energy": 91.417389, "activity_lines": [ 27.471689, 27.253032, 26.715843, 26.24717 ] }, { "date": "2024-02-23", "close": 28.450655, "volume": 200, "typical_volume": 4725.0, "trend": 25.892263, "fair_value": 24.717959, "relative_strength": 4.640887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.643074, "energy": 96.871122, "activity_lines": [ 27.844087, 27.499576, 26.94083, 26.417635 ] }, { "date": "2024-03-01", "close": 28.526398, "volume": 900, "typical_volume": 4135.0, "trend": 25.993644, "fair_value": 24.746793, "relative_strength": 4.029921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.08748, "energy": 95.825694, "activity_lines": [ 28.130645, 27.726113, 27.153688, 26.587579 ] }, { "date": "2024-03-08", "close": 28.990324, "volume": 1900, "typical_volume": 4100.0, "trend": 26.105789, "fair_value": 24.77805, "relative_strength": 4.661403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.721837, "energy": 96.828446, "activity_lines": [ 28.486635, 28.008082, 27.391115, 26.780914 ] }, { "date": "2024-03-15", "close": 29.018723, "volume": 3500, "typical_volume": 3070.0, "trend": 26.234235, "fair_value": 24.81015, "relative_strength": 4.110644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.893062, "energy": 94.326268, "activity_lines": [ 28.748577, 28.260097, 27.607494, 26.968845 ] }, { "date": "2024-03-22", "close": 29.13344, "volume": 600, "typical_volume": 2050.0, "trend": 26.359924, "fair_value": 24.841272, "relative_strength": 3.802933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.075833, "energy": 92.810224, "activity_lines": [ 28.947768, 28.488901, 27.810463, 27.15589 ] }, { "date": "2024-03-29", "close": 29.294764, "volume": 700, "typical_volume": 1720.0, "trend": 26.481277, "fair_value": 24.872045, "relative_strength": 3.423672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.138306, "energy": 89.622325, "activity_lines": [ 29.10472, 28.710006, 28.008176, 27.345235 ] }, { "date": "2024-04-05", "close": 28.696911, "volume": 8600, "typical_volume": 2150.0, "trend": 26.594296, "fair_value": 24.895227, "relative_strength": 0.83295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.024243, "energy": 67.584864, "activity_lines": [ 29.006113, 28.776767, 28.129086, 27.488179 ] }, { "date": "2024-04-12", "close": 28.76334, "volume": 2200, "typical_volume": 2220.0, "trend": 26.712975, "fair_value": 24.91607, "relative_strength": 2.655921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.996229, "energy": 65.503139, "activity_lines": [ 28.918283, 28.829266, 28.242132, 27.628117 ] }, { "date": "2024-04-19", "close": 27.833347, "volume": 7600, "typical_volume": 2450.0, "trend": 26.824346, "fair_value": 24.929348, "relative_strength": -0.27745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.025534, "energy": 48.783716, "activity_lines": [ 28.535586, 28.688572, 28.254209, 27.700399 ] }, { "date": "2024-04-26", "close": 28.260386, "volume": 1400, "typical_volume": 2505.0, "trend": 26.957802, "fair_value": 24.95139, "relative_strength": 0.500708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.031304, "energy": 31.87109, "activity_lines": [ 28.374262, 28.619531, 28.298447, 27.793047 ] }, { "date": "2024-05-03", "close": 28.592524, "volume": 3100, "typical_volume": 2655.0, "trend": 27.097933, "fair_value": 24.971691, "relative_strength": 1.743967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.658613, "energy": 28.563387, "activity_lines": [ 28.381853, 28.600566, 28.364806, 27.898513 ] }, { "date": "2024-05-10", "close": 29.067011, "volume": 600, "typical_volume": 2410.0, "trend": 27.253252, "fair_value": 24.99813, "relative_strength": 1.719186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.054347, "energy": 33.275953, "activity_lines": [ 28.594423, 28.665292, 28.466833, 28.02555 ] }, { "date": "2024-05-17", "close": 29.437109, "volume": 6300, "typical_volume": 2725.0, "trend": 27.43441, "fair_value": 25.026609, "relative_strength": 2.246915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.513904, "energy": 57.587836, "activity_lines": [ 28.905685, 28.78748, 28.593959, 28.166444 ] }, { "date": "2024-05-24", "close": 29.408642, "volume": 1500, "typical_volume": 2605.0, "trend": 27.617759, "fair_value": 25.053358, "relative_strength": 2.759144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.606282, "energy": 69.504199, "activity_lines": [ 29.162541, 28.896369, 28.707049, 28.293814 ] }, { "date": "2024-05-31", "close": 29.038546, "volume": 900, "typical_volume": 2495.0, "trend": 27.758941, "fair_value": 25.076629, "relative_strength": 1.621813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.354877, "energy": 66.558746, "activity_lines": [ 29.191011, 28.930877, 28.771493, 28.385478 ] }, { "date": "2024-06-07", "close": 29.674355, "volume": 5200, "typical_volume": 2610.0, "trend": 27.910641, "fair_value": 25.100824, "relative_strength": 4.950045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.988809, "energy": 78.188573, "activity_lines": [ 29.379541, 29.082713, 28.887244, 28.509053 ] }, { "date": "2024-06-14", "close": 29.180889, "volume": 11400, "typical_volume": 3140.0, "trend": 28.02611, "fair_value": 25.122961, "relative_strength": 4.85272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.278797, "energy": 51.547168, "activity_lines": [ 29.33146, 29.137926, 28.942236, 28.591004 ] }, { "date": "2024-06-21", "close": 29.351704, "volume": 5400, "typical_volume": 3305.0, "trend": 28.132514, "fair_value": 25.145361, "relative_strength": 5.747715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.880168, "energy": 45.891267, "activity_lines": [ 29.332725, 29.215397, 29.004293, 28.676527 ] }, { "date": "2024-06-28", "close": 28.896994, "volume": 3700, "typical_volume": 3445.0, "trend": 28.22753, "fair_value": 25.164399, "relative_strength": 2.495054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.00257, "energy": 33.903858, "activity_lines": [ 29.188114, 29.199496, 29.01393, 28.725848 ] }, { "date": "2024-07-05", "close": 29.431948, "volume": 6700, "typical_volume": 3620.0, "trend": 28.333155, "fair_value": 25.182686, "relative_strength": 3.40363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.920936, "energy": 33.634734, "activity_lines": [ 29.255931, 29.26152, 29.067881, 28.803552 ] }, { "date": "2024-07-12", "close": 30.071978, "volume": 9800, "typical_volume": 4100.0, "trend": 28.449124, "fair_value": 25.204406, "relative_strength": 2.718729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.234226, "energy": 48.387427, "activity_lines": [ 29.510864, 29.418612, 29.174507, 28.915734 ] }, { "date": "2024-07-19", "close": 29.441498, "volume": 7100, "typical_volume": 4410.0, "trend": 28.532647, "fair_value": 25.222475, "relative_strength": 0.427229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.59371, "energy": 39.827567, "activity_lines": [ 29.529129, 29.434172, 29.213367, 28.979759 ] }, { "date": "2024-07-26", "close": 29.422392, "volume": 4700, "typical_volume": 4550.0, "trend": 28.611431, "fair_value": 25.23886, "relative_strength": -0.223249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.384694, "energy": 40.263095, "activity_lines": [ 29.523652, 29.439449, 29.24605, 29.037161 ] }, { "date": "2024-08-02", "close": 28.667728, "volume": 4100, "typical_volume": 4580.0, "trend": 28.680522, "fair_value": 25.247174, "relative_strength": -0.259231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.756979, "energy": 16.659746, "activity_lines": [ 29.261907, 29.307782, 29.204803, 29.040794 ] }, { "date": "2024-08-09", "close": 28.629519, "volume": 5900, "typical_volume": 4845.0, "trend": 28.731614, "fair_value": 25.255299, "relative_strength": -0.806382, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.962891, "energy": 13.368958, "activity_lines": [ 29.00271, 29.18264, 29.161588, 29.037503 ] }, { "date": "2024-08-16", "close": 29.670767, "volume": 700, "typical_volume": 4845.0, "trend": 28.827829, "fair_value": 25.270322, "relative_strength": -0.538536, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.461568, "energy": 20.659787, "activity_lines": [ 29.144092, 29.254252, 29.219939, 29.098094 ] }, { "date": "2024-08-23", "close": 30.00511, "volume": 1500, "typical_volume": 4490.0, "trend": 28.919724, "fair_value": 25.289662, "relative_strength": -0.432364, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.957353, "energy": 23.937126, "activity_lines": [ 29.423668, 29.386719, 29.308342, 29.174047 ] }, { "date": "2024-08-30", "close": 30.167507, "volume": 1600, "typical_volume": 4460.0, "trend": 29.010721, "fair_value": 25.306809, "relative_strength": -0.215709, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.780434, "energy": 50.235034, "activity_lines": [ 29.719803, 29.533727, 29.405982, 29.254549 ] }, { "date": "2024-09-06", "close": 28.81102, "volume": 14700, "typical_volume": 4815.0, "trend": 29.054292, "fair_value": 25.315261, "relative_strength": -2.345794, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.890356, "energy": 30.082421, "activity_lines": [ 29.514101, 29.419268, 29.367746, 29.241665 ] }, { "date": "2024-09-13", "close": 29.575235, "volume": 5400, "typical_volume": 5015.0, "trend": 29.117025, "fair_value": 25.33101, "relative_strength": -3.151189, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.954028, "energy": 36.250371, "activity_lines": [ 29.553584, 29.44532, 29.397637, 29.275275 ] }, { "date": "2024-09-20", "close": 29.575235, "volume": 9500, "typical_volume": 5335.0, "trend": 29.154511, "fair_value": 25.349151, "relative_strength": -4.364555, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.366027, "energy": 24.174181, "activity_lines": [ 29.53002, 29.468767, 29.421266, 29.304836 ] }, { "date": "2024-09-27", "close": 30.426373, "volume": 6100, "typical_volume": 5610.0, "trend": 29.217844, "fair_value": 25.379121, "relative_strength": -2.021248, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.170295, "energy": 32.721324, "activity_lines": [ 29.796537, 29.655999, 29.521277, 29.386892 ] }, { "date": "2024-10-04", "close": 29.603003, "volume": 15100, "typical_volume": 6050.0, "trend": 29.238267, "fair_value": 25.407083, "relative_strength": -5.426373, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.178431, "energy": 31.897207, "activity_lines": [ 29.760513, 29.67562, 29.536399, 29.411741 ] }, { "date": "2024-10-11", "close": 30.062557, "volume": 3000, "typical_volume": 6125.0, "trend": 29.273061, "fair_value": 25.435003, "relative_strength": -5.13259, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.75732, "energy": 44.448528, "activity_lines": [ 29.915308, 29.775512, 29.594497, 29.464921 ] }, { "date": "2024-10-18", "close": 29.861502, "volume": 5400, "typical_volume": 6350.0, "trend": 29.29733, "fair_value": 25.461521, "relative_strength": -7.028004, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.496227, "energy": 45.092008, "activity_lines": [ 29.919649, 29.813488, 29.630334, 29.502885 ] }, { "date": "2024-10-25", "close": 29.382799, "volume": 7000, "typical_volume": 6440.0, "trend": 29.300264, "fair_value": 25.484012, "relative_strength": -7.073268, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.140188, "energy": 19.625237, "activity_lines": [ 29.745337, 29.742028, 29.616661, 29.508399 ] }, { "date": "2024-11-01", "close": 28.923241, "volume": 4400, "typical_volume": 6090.0, "trend": 29.307809, "fair_value": 25.499947, "relative_strength": -7.659781, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.213015, "energy": 8.689455, "activity_lines": [ 29.430668, 29.592247, 29.560609, 29.484075 ] }, { "date": "2024-11-08", "close": 28.817928, "volume": 3100, "typical_volume": 5975.0, "trend": 29.309628, "fair_value": 25.513798, "relative_strength": -9.715858, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.995798, "energy": 24.987439, "activity_lines": [ 29.181104, 29.442989, 29.495754, 29.45247 ] }, { "date": "2024-11-15", "close": 28.30093, "volume": 1800, "typical_volume": 5880.0, "trend": 29.325214, "fair_value": 25.523657, "relative_strength": -11.621832, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -47.240676, "energy": 54.191767, "activity_lines": [ 28.811546, 29.224269, 29.384203, 29.387393 ] }, { "date": "2024-11-22", "close": 28.119024, "volume": 6400, "typical_volume": 5865.0, "trend": 29.320502, "fair_value": 25.5394, "relative_strength": -13.847808, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.446348, "energy": 77.21521, "activity_lines": [ 28.498794, 28.98175, 29.258166, 29.309574 ] }, { "date": "2024-11-29", "close": 28.971113, "volume": 6500, "typical_volume": 5700.0, "trend": 29.333122, "fair_value": 25.558124, "relative_strength": -11.751699, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.150396, "energy": 66.075936, "activity_lines": [ 28.586237, 28.920632, 29.219532, 29.287033 ] }, { "date": "2024-12-06", "close": 29.631725, "volume": 4500, "typical_volume": 5570.0, "trend": 29.351946, "fair_value": 25.577868, "relative_strength": -9.705556, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.064784, "energy": 36.086057, "activity_lines": [ 28.921329, 28.99061, 29.249056, 29.306297 ] }, { "date": "2024-12-13", "close": 29.229614, "volume": 11300, "typical_volume": 5900.0, "trend": 29.345029, "fair_value": 25.59526, "relative_strength": -9.269867, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.709021, "energy": 19.074986, "activity_lines": [ 29.075152, 29.001925, 29.239378, 29.298405 ] }, { "date": "2024-12-20", "close": 28.396669, "volume": 9800, "typical_volume": 6185.0, "trend": 29.311297, "fair_value": 25.604592, "relative_strength": -9.251783, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.052312, "energy": 24.002674, "activity_lines": [ 28.923882, 28.868584, 29.151289, 29.23722 ] }, { "date": "2024-12-27", "close": 28.739817, "volume": 12300, "typical_volume": 6505.0, "trend": 29.301339, "fair_value": 25.6142, "relative_strength": -8.702231, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.350111, "energy": 19.255682, "activity_lines": [ 28.880611, 28.827923, 29.097172, 29.200351 ] }, { "date": "2025-01-03", "close": 28.461067, "volume": 900, "typical_volume": 6515.0, "trend": 29.260896, "fair_value": 25.626775, "relative_strength": -10.403571, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.802005, "energy": 44.690121, "activity_lines": [ 28.703038, 28.756974, 29.015983, 29.14614 ] }, { "date": "2025-01-10", "close": 28.730204, "volume": 30900, "typical_volume": 7985.0, "trend": 29.245873, "fair_value": 25.6443, "relative_strength": -8.25729, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.509092, "energy": 50.037133, "activity_lines": [ 28.649179, 28.751718, 28.966186, 29.111901 ] }, { "date": "2025-01-17", "close": 29.133907, "volume": 11400, "typical_volume": 8475.0, "trend": 29.238613, "fair_value": 25.668657, "relative_strength": -7.915675, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.280733, "energy": 26.273075, "activity_lines": [ 28.78999, 28.823372, 28.960907, 29.104678 ] }, { "date": "2025-01-24", "close": 30.018209, "volume": 4300, "typical_volume": 7955.0, "trend": 29.275987, "fair_value": 25.701964, "relative_strength": -6.454518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.491903, "energy": 10.033711, "activity_lines": [ 29.231949, 29.050063, 29.04477, 29.154974 ] }, { "date": "2025-01-31", "close": 30.325792, "volume": 3700, "typical_volume": 7870.0, "trend": 29.305782, "fair_value": 25.733565, "relative_strength": -5.571408, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.319764, "energy": 37.53256, "activity_lines": [ 29.668333, 29.301456, 29.152178, 29.222704 ] }, { "date": "2025-02-07", "close": 30.027822, "volume": 6000, "typical_volume": 7695.0, "trend": 29.30431, "fair_value": 25.766368, "relative_strength": -5.982454, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.607385, "energy": 47.66093, "activity_lines": [ 29.899662, 29.458548, 29.227634, 29.269287 ] }, { "date": "2025-02-14", "close": 30.873676, "volume": 4500, "typical_volume": 7615.0, "trend": 29.352049, "fair_value": 25.803744, "relative_strength": -3.351704, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.920506, "energy": 82.695457, "activity_lines": [ 30.308491, 29.75022, 29.381492, 29.370536 ] }, { "date": "2025-02-21", "close": 30.657406, "volume": 4600, "typical_volume": 7090.0, "trend": 29.393217, "fair_value": 25.843865, "relative_strength": -2.58197, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.935662, "energy": 81.568201, "activity_lines": [ 30.502333, 29.979989, 29.512624, 29.454753 ] }, { "date": "2025-02-28", "close": 30.585316, "volume": 8100, "typical_volume": 7345.0, "trend": 29.457136, "fair_value": 25.885617, "relative_strength": -3.577964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.629745, "energy": 78.399134, "activity_lines": [ 30.570578, 30.17069, 29.631868, 29.531662 ] }, { "date": "2025-03-07", "close": 31.094751, "volume": 11100, "typical_volume": 7630.0, "trend": 29.539311, "fair_value": 25.935332, "relative_strength": 0.661524, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.977122, "energy": 82.996098, "activity_lines": [ 30.770827, 30.414223, 29.797141, 29.637315 ] }, { "date": "2025-03-14", "close": 30.652601, "volume": 5700, "typical_volume": 7565.0, "trend": 29.572038, "fair_value": 25.973668, "relative_strength": 0.183398, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.577846, "energy": 63.416851, "activity_lines": [ 30.77243, 30.534548, 29.914431, 29.70914 ] }, { "date": "2025-03-21", "close": 30.469973, "volume": 1800, "typical_volume": 7435.0, "trend": 29.587534, "fair_value": 26.011684, "relative_strength": -1.910366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.782587, "energy": 50.421107, "activity_lines": [ 30.671504, 30.581821, 30.008282, 29.767071 ] }, { "date": "2025-03-28", "close": 29.849329, "volume": 3700, "typical_volume": 7465.0, "trend": 29.576928, "fair_value": 26.045324, "relative_strength": -2.922038, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.130955, "energy": 34.381104, "activity_lines": [ 30.390611, 30.484618, 30.035658, 29.783961 ] }, { "date": "2025-04-04", "close": 27.119972, "volume": 4200, "typical_volume": 7585.0, "trend": 29.52056, "fair_value": 26.061695, "relative_strength": -5.66978, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -29.460601, "energy": 32.796077, "activity_lines": [ 29.253803, 29.878161, 29.798184, 29.625448 ] }, { "date": "2025-04-11", "close": 27.669701, "volume": 9000, "typical_volume": 7715.0, "trend": 29.457042, "fair_value": 26.082838, "relative_strength": -5.160003, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.893091, "energy": 45.461707, "activity_lines": [ 28.531262, 29.424349, 29.618689, 29.506038 ] }, { "date": "2025-04-18", "close": 28.23872, "volume": 4700, "typical_volume": 7625.0, "trend": 29.412491, "fair_value": 26.112335, "relative_strength": -5.469793, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.931796, "energy": 43.861733, "activity_lines": [ 28.22673, 29.122289, 29.495526, 29.427436 ] }, { "date": "2025-04-25", "close": 29.386398, "volume": 6800, "typical_volume": 7740.0, "trend": 29.377826, "fair_value": 26.151457, "relative_strength": -3.542925, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.450552, "energy": 39.511115, "activity_lines": [ 28.465683, 29.061426, 29.485153, 29.425753 ] }, { "date": "2025-05-02", "close": 30.03257, "volume": 1000, "typical_volume": 7225.0, "trend": 29.392144, "fair_value": 26.198804, "relative_strength": -2.529528, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.891023, "energy": 16.353926, "activity_lines": [ 28.992265, 29.14509, 29.537489, 29.467995 ] }, { "date": "2025-05-09", "close": 30.042215, "volume": 10200, "typical_volume": 7245.0, "trend": 29.391466, "fair_value": 26.249048, "relative_strength": -3.574423, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 19.914469, "energy": 16.354607, "activity_lines": [ 29.509846, 29.241868, 29.586919, 29.509935 ] }, { "date": "2025-05-16", "close": 30.852343, "volume": 13000, "typical_volume": 7280.0, "trend": 29.424494, "fair_value": 26.303635, "relative_strength": -3.130399, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 57.987978, "energy": 43.459392, "activity_lines": [ 30.102653, 29.495817, 29.705669, 29.604185 ] }, { "date": "2025-05-23", "close": 30.31226, "volume": 2800, "typical_volume": 7375.0, "trend": 29.455476, "fair_value": 26.350564, "relative_strength": -4.26858, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.011095, "energy": 40.05391, "activity_lines": [ 30.303257, 29.655977, 29.762922, 29.66146 ] }, { "date": "2025-05-30", "close": 30.640167, "volume": 9100, "typical_volume": 6285.0, "trend": 29.512707, "fair_value": 26.39914, "relative_strength": -4.122917, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.636549, "energy": 52.642338, "activity_lines": [ 30.474927, 29.881944, 29.84259, 29.737892 ] }, { "date": "2025-06-06", "close": 30.813766, "volume": 11000, "typical_volume": 6265.0, "trend": 29.579235, "fair_value": 26.452176, "relative_strength": -4.231064, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.847091, "energy": 63.807776, "activity_lines": [ 30.620879, 30.13638, 29.929695, 29.821831 ] }, { "date": "2025-06-13", "close": 30.698032, "volume": 1900, "typical_volume": 6145.0, "trend": 29.659139, "fair_value": 26.513826, "relative_strength": -4.574972, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.07294, "energy": 52.398022, "activity_lines": [ 30.676173, 30.352239, 29.997779, 29.894011 ] }, { "date": "2025-06-20", "close": 30.563013, "volume": 2400, "typical_volume": 6080.0, "trend": 29.740605, "fair_value": 26.575378, "relative_strength": -4.65564, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.198841, "energy": 44.173357, "activity_lines": [ 30.642739, 30.478492, 30.049767, 29.952326 ] }, { "date": "2025-06-27", "close": 31.54501, "volume": 3100, "typical_volume": 5935.0, "trend": 29.826401, "fair_value": 26.642169, "relative_strength": -2.09344, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.205624, "energy": 56.842303, "activity_lines": [ 30.955926, 30.730685, 30.194149, 30.068739 ] }, { "date": "2025-07-04", "close": 31.300852, "volume": 1200, "typical_volume": 5770.0, "trend": 29.882039, "fair_value": 26.708041, "relative_strength": -3.867804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.831809, "energy": 65.386423, "activity_lines": [ 31.105545, 30.878372, 30.308053, 30.163865 ] }, { "date": "2025-07-11", "close": 31.535246, "volume": 2400, "typical_volume": 5660.0, "trend": 29.958893, "fair_value": 26.777641, "relative_strength": -2.801565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.516476, "energy": 76.515482, "activity_lines": [ 31.289248, 31.033867, 30.442246, 30.270523 ] }, { "date": "2025-07-18", "close": 31.164127, "volume": 5900, "typical_volume": 5550.0, "trend": 30.051142, "fair_value": 26.839589, "relative_strength": -4.728796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.589768, "energy": 74.05614, "activity_lines": [ 31.301147, 31.094564, 30.536914, 30.34828 ] }, { "date": "2025-07-25", "close": 31.779402, "volume": 8100, "typical_volume": 5400.0, "trend": 30.152462, "fair_value": 26.902024, "relative_strength": -3.277537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.625156, "energy": 80.681098, "activity_lines": [ 31.487065, 31.246732, 30.687424, 30.459781 ] }, { "date": "2025-08-01", "close": 30.216799, "volume": 8800, "typical_volume": 5555.0, "trend": 30.210986, "fair_value": 26.952566, "relative_strength": -6.161214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.397018, "energy": 31.348972, "activity_lines": [ 31.071022, 31.097934, 30.685853, 30.463932 ] }, { "date": "2025-08-08", "close": 31.076231, "volume": 12800, "typical_volume": 6105.0, "trend": 30.289187, "fair_value": 27.007798, "relative_strength": -5.810282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.963316, "energy": 26.078293, "activity_lines": [ 31.030004, 31.107132, 30.768209, 30.519754 ] }, { "date": "2025-08-15", "close": 31.476646, "volume": 1400, "typical_volume": 5990.0, "trend": 30.367278, "fair_value": 27.066182, "relative_strength": -4.853758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.986184, "energy": 31.617814, "activity_lines": [ 31.137432, 31.181204, 30.885813, 30.596364 ] }, { "date": "2025-08-22", "close": 31.808701, "volume": 5800, "typical_volume": 6070.0, "trend": 30.426961, "fair_value": 27.132672, "relative_strength": -5.045627, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.661731, "energy": 37.955486, "activity_lines": [ 31.359452, 31.303598, 31.027292, 30.689359 ] }, { "date": "2025-08-29", "close": 31.252024, "volume": 2100, "typical_volume": 5725.0, "trend": 30.457836, "fair_value": 27.201922, "relative_strength": -7.164042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.110134, "energy": 39.735156, "activity_lines": [ 31.352942, 31.304584, 31.093426, 30.742589 ] }, { "date": "2025-09-05", "close": 31.252024, "volume": 4400, "typical_volume": 5710.0, "trend": 30.498642, "fair_value": 27.26666, "relative_strength": -8.43522, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.636572, "energy": 38.420587, "activity_lines": [ 31.381589, 31.293042, 31.142502, 30.793827 ] }, { "date": "2025-09-12", "close": 31.994257, "volume": 12800, "typical_volume": 6010.0, "trend": 30.535995, "fair_value": 27.339613, "relative_strength": -6.759366, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.651904, "energy": 51.075772, "activity_lines": [ 31.588633, 31.421779, 31.247918, 30.890318 ] }, { "date": "2025-09-19", "close": 32.189579, "volume": 12300, "typical_volume": 6575.0, "trend": 30.587067, "fair_value": 27.419845, "relative_strength": -7.477636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.483022, "energy": 52.977499, "activity_lines": [ 31.799583, 31.573421, 31.359518, 30.997001 ] }, { "date": "2025-09-26", "close": 32.217575, "volume": 15600, "typical_volume": 6845.0, "trend": 30.641476, "fair_value": 27.498185, "relative_strength": -7.088395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.158186, "energy": 65.494588, "activity_lines": [ 31.972336, 31.718257, 31.463512, 31.102195 ] }, { "date": "2025-10-03", "close": 33.26263, "volume": 7800, "typical_volume": 6585.0, "trend": 30.713739, "fair_value": 27.578428, "relative_strength": -6.103944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.89831, "energy": 83.487935, "activity_lines": [ 32.466182, 32.033949, 31.656677, 31.271302 ] }, { "date": "2025-10-10", "close": 32.137955, "volume": 11300, "typical_volume": 7010.0, "trend": 30.763251, "fair_value": 27.655487, "relative_strength": -7.158817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.035606, "energy": 66.327261, "activity_lines": [ 32.451096, 32.118186, 31.731252, 31.363187 ] }, { "date": "2025-10-17", "close": 32.804794, "volume": 2700, "typical_volume": 6690.0, "trend": 30.841078, "fair_value": 27.735755, "relative_strength": -5.866133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.164552, "energy": 62.814057, "activity_lines": [ 32.599227, 32.288738, 31.860641, 31.494899 ] }, { "date": "2025-10-24", "close": 33.023762, "volume": 2000, "typical_volume": 6240.0, "trend": 30.946892, "fair_value": 27.813105, "relative_strength": -5.824485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.688686, "energy": 62.273327, "activity_lines": [ 32.766312, 32.467673, 32.000577, 31.635718 ] }, { "date": "2025-10-31", "close": 32.804794, "volume": 13000, "typical_volume": 6795.0, "trend": 31.136386, "fair_value": 27.887156, "relative_strength": -5.99367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.62307, "energy": 51.212676, "activity_lines": [ 32.804796, 32.578666, 32.109136, 31.755582 ] }, { "date": "2025-11-07", "close": 32.526115, "volume": 13300, "typical_volume": 7340.0, "trend": 31.298267, "fair_value": 27.952435, "relative_strength": -5.585822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.905784, "energy": 46.543329, "activity_lines": [ 32.711239, 32.62088, 32.181121, 31.845242 ] }, { "date": "2025-11-14", "close": 33.202915, "volume": 6200, "typical_volume": 7495.0, "trend": 31.46374, "fair_value": 28.020749, "relative_strength": -4.870957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.006914, "energy": 49.029962, "activity_lines": [ 32.892382, 32.762983, 32.308215, 31.968123 ] }, { "date": "2025-11-21", "close": 32.42659, "volume": 5400, "typical_volume": 7705.0, "trend": 31.56508, "fair_value": 28.081067, "relative_strength": -6.53763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.137492, "energy": 35.681872, "activity_lines": [ 32.743754, 32.728465, 32.353479, 32.030242 ] }, { "date": "2025-11-28", "close": 33.063576, "volume": 7100, "typical_volume": 7940.0, "trend": 31.666113, "fair_value": 28.141029, "relative_strength": -8.296219, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.304504, "energy": 37.218085, "activity_lines": [ 32.832667, 32.801903, 32.454047, 32.126919 ] }, { "date": "2025-12-05", "close": 33.083481, "volume": 3000, "typical_volume": 7795.0, "trend": 31.767489, "fair_value": 28.201828, "relative_strength": -7.882576, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.069323, "energy": 38.797074, "activity_lines": [ 32.925562, 32.863068, 32.549233, 32.218362 ] }, { "date": "2025-12-12", "close": 33.183006, "volume": 3900, "typical_volume": 7585.0, "trend": 31.845178, "fair_value": 28.265456, "relative_strength": -8.078218, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.691103, "energy": 37.964772, "activity_lines": [ 33.033052, 32.926585, 32.644758, 32.309686 ] }, { "date": "2025-12-19", "close": 33.382069, "volume": 1100, "typical_volume": 7200.0, "trend": 31.947505, "fair_value": 28.331367, "relative_strength": -8.032564, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.486225, "energy": 48.358039, "activity_lines": [ 33.163104, 33.027744, 32.752558, 32.40884 ] }, { "date": "2025-12-26", "close": 33.421879, "volume": 0, "typical_volume": 6560.0, "trend": 32.040228, "fair_value": 28.39682, "relative_strength": -8.448474, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.765322, "energy": 54.449007, "activity_lines": [ 33.294482, 33.11352, 32.849076, 32.503961 ] }, { "date": "2026-01-02", "close": 33.800087, "volume": 2400, "typical_volume": 6610.0, "trend": 32.139772, "fair_value": 28.463745, "relative_strength": -6.956825, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.436256, "energy": 66.604092, "activity_lines": [ 33.485577, 33.256841, 32.970445, 32.617501 ] }, { "date": "2026-01-09", "close": 35.093964, "volume": 2400, "typical_volume": 6440.0, "trend": 32.286303, "fair_value": 28.533193, "relative_strength": -5.422059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.007069, "energy": 88.333521, "activity_lines": [ 34.058863, 33.621298, 33.203976, 32.808094 ] }, { "date": "2026-01-16", "close": 35.18354, "volume": 2200, "typical_volume": 6445.0, "trend": 32.440321, "fair_value": 28.601669, "relative_strength": -6.253822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.971262, "energy": 94.328093, "activity_lines": [ 34.527976, 33.96042, 33.430393, 32.995012 ] }, { "date": "2026-01-23", "close": 34.805332, "volume": 2400, "typical_volume": 6345.0, "trend": 32.548998, "fair_value": 28.668018, "relative_strength": -7.352025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.190074, "energy": 88.197413, "activity_lines": [ 34.737651, 34.182461, 33.60207, 33.147593 ] }, { "date": "2026-01-30", "close": 34.576416, "volume": 7500, "typical_volume": 6080.0, "trend": 32.658184, "fair_value": 28.730877, "relative_strength": -4.269766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.259262, "energy": 84.939076, "activity_lines": [ 34.776136, 34.333745, 33.735024, 33.278395 ] }, { "date": "2026-02-06", "close": 35.10392, "volume": 8600, "typical_volume": 5895.0, "trend": 32.77714, "fair_value": 28.801222, "relative_strength": -4.286789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.747575, "energy": 82.081249, "activity_lines": [ 34.913487, 34.541851, 33.905921, 33.436184 ] }, { "date": "2026-02-13", "close": 35.233311, "volume": 2500, "typical_volume": 5240.0, "trend": 32.912779, "fair_value": 28.869719, "relative_strength": -5.44919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.493855, "energy": 67.750006, "activity_lines": [ 35.007046, 34.736386, 34.075263, 33.594647 ] }, { "date": "2026-02-20", "close": 35.730953, "volume": 11600, "typical_volume": 5430.0, "trend": 33.044497, "fair_value": 28.945393, "relative_strength": -5.961813, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.388225, "energy": 85.975768, "activity_lines": [ 35.257196, 34.982313, 34.277639, 33.776464 ] }, { "date": "2026-02-27", "close": 35.541847, "volume": 16800, "typical_volume": 5705.0, "trend": 33.221999, "fair_value": 29.016344, "relative_strength": -7.614822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.029409, "energy": 87.600492, "activity_lines": [ 35.407816, 35.147532, 34.450251, 33.937584 ] }, { "date": "2026-03-06", "close": 32.924232, "volume": 16300, "typical_volume": 6385.0, "trend": 33.283599, "fair_value": 29.07117, "relative_strength": -10.769721, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.977063, "energy": 29.153942, "activity_lines": [ 34.636797, 34.797551, 34.357357, 33.918373 ] }, { "date": "2026-03-13", "close": 32.466396, "volume": 21300, "typical_volume": 7350.0, "trend": 33.316591, "fair_value": 29.123537, "relative_strength": -10.157165, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -1.775814, "energy": 18.786508, "activity_lines": [ 33.823311, 34.373376, 34.220291, 33.86565 ] }, { "date": "2026-03-20", "close": 31.361626, "volume": 3900, "typical_volume": 6895.0, "trend": 33.301688, "fair_value": 29.165134, "relative_strength": -9.477864, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -47.75116, "energy": 51.940125, "activity_lines": [ 32.817404, 33.772582, 33.980663, 33.739523 ] }, { "date": "2026-03-27", "close": 31.76, "volume": 6100, "typical_volume": 6535.0, "trend": 33.318621, "fair_value": 29.206126, "relative_strength": -9.841102, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.701244, "energy": 52.622009, "activity_lines": [ 32.2024, 33.312081, 33.785847, 33.64006 ] }, { "date": "2026-04-03", "close": 33.32, "volume": 3900, "typical_volume": 6420.0, "trend": 33.387553, "fair_value": 29.255986, "relative_strength": -8.4307, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.361723, "energy": 46.588888, "activity_lines": [ 32.372127, 33.197462, 33.743251, 33.640149 ] }, { "date": "2026-04-10", "close": 34.610001, "volume": 4500, "typical_volume": 6375.0, "trend": 33.474745, "fair_value": 29.312447, "relative_strength": -6.304966, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.807876, "energy": 21.341975, "activity_lines": [ 33.119977, 33.344395, 33.822955, 33.719016 ] }, { "date": "2026-04-17", "close": 35.189999, "volume": 3400, "typical_volume": 6190.0, "trend": 33.574759, "fair_value": 29.371911, "relative_strength": -6.304584, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 48.825872, "energy": 26.798169, "activity_lines": [ 33.948775, 33.596171, 33.947499, 33.829678 ] }, { "date": "2026-04-24", "close": 33.603668, "volume": 4300, "typical_volume": 6255.0, "trend": 33.620962, "fair_value": 29.417691, "relative_strength": -9.044477, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.882347, "energy": 23.324357, "activity_lines": [ 34.067223, 33.557959, 33.910839, 33.831543 ] }, { "date": "2026-05-01", "close": 33.618603, "volume": 3500, "typical_volume": 6235.0, "trend": 33.632828, "fair_value": 29.464997, "relative_strength": -8.634297, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.038109, "energy": 23.047612, "activity_lines": [ 34.041179, 33.552092, 33.873124, 33.831391 ] }, { "date": "2026-05-08", "close": 34.370331, "volume": 2100, "typical_volume": 6285.0, "trend": 33.70724, "fair_value": 29.517956, "relative_strength": -6.812037, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.742938, "energy": 26.973613, "activity_lines": [ 34.141805, 33.721309, 33.904928, 33.878971 ] }, { "date": "2026-05-15", "close": 33.494144, "volume": 4000, "typical_volume": 6485.0, "trend": 33.730219, "fair_value": 29.565953, "relative_strength": -8.2088, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.226854, "energy": 6.371966, "activity_lines": [ 33.880346, 33.752519, 33.848579, 33.865223 ] }, { "date": "2026-05-22", "close": 34.340462, "volume": 30500, "typical_volume": 7890.0, "trend": 33.774109, "fair_value": 29.621997, "relative_strength": -7.342029, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.132597, "energy": 15.868521, "activity_lines": [ 33.975384, 33.927244, 33.872488, 33.904594 ] }, { "date": "2026-05-29", "close": 35.067295, "volume": 3000, "typical_volume": 7920.0, "trend": 33.849525, "fair_value": 29.686156, "relative_strength": -5.918404, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.916908, "energy": 26.54929, "activity_lines": [ 34.369335, 34.200046, 33.963046, 33.988025 ] }, { "date": "2026-06-05", "close": 34.489807, "volume": 200, "typical_volume": 7820.0, "trend": 33.914982, "fair_value": 29.746137, "relative_strength": -6.236264, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.178197, "energy": 27.120347, "activity_lines": [ 34.473215, 34.300475, 33.998732, 34.029334 ] }, { "date": "2026-06-12", "close": 35.535255, "volume": 800, "typical_volume": 7740.0, "trend": 33.992726, "fair_value": 29.809959, "relative_strength": -4.601893, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.217952, "energy": 58.771116, "activity_lines": [ 34.867497, 34.541352, 34.137288, 34.133868 ] }, { "date": "2026-06-19", "close": 36.36166, "volume": 200, "typical_volume": 7375.0, "trend": 34.123895, "fair_value": 29.883839, "relative_strength": -2.269611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.707036, "energy": 73.709715, "activity_lines": [ 35.459586, 34.892207, 34.351073, 34.286702 ] }, { "date": "2026-06-26", "close": 35.82, "volume": 800, "typical_volume": 6985.0, "trend": 34.215776, "fair_value": 29.95015, "relative_strength": -3.480736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.09747, "energy": 71.003273, "activity_lines": [ 35.679954, 35.11273, 34.504771, 34.396128 ] }, { "date": "2026-07-03", "close": 36.900002, "volume": 2400, "typical_volume": 6980.0, "trend": 34.342994, "fair_value": 30.027119, "relative_strength": -1.127098, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.22131, "energy": 83.015766, "activity_lines": [ 36.161687, 35.518163, 34.757916, 34.569304 ] }, { "date": "2026-07-10", "close": 36.16, "volume": 4200, "typical_volume": 6610.0, "trend": 34.442227, "fair_value": 30.092596, "relative_strength": -3.017637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.710881, "energy": 78.18288, "activity_lines": [ 36.274572, 35.729116, 34.932648, 34.68653 ] }, { "date": "2026-07-17", "close": 35.68, "volume": 2200, "typical_volume": 5880.0, "trend": 34.518824, "fair_value": 30.15596, "relative_strength": -3.966798, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.359845, "energy": 65.76604, "activity_lines": [ 36.116111, 35.80659, 35.059622, 34.766386 ] }, { "date": "2026-07-24", "close": 35.700001, "volume": 4400, "typical_volume": 5285.0, "trend": 34.594762, "fair_value": 30.218549, "relative_strength": -3.94192, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.856012, "energy": 52.187801, "activity_lines": [ 35.954667, 35.863888, 35.187844, 34.842591 ] }, { "date": "2026-07-31", "close": 36.709999, "volume": 1200, "typical_volume": 4280.0, "trend": 34.691759, "fair_value": 30.290504, "relative_strength": -0.684888, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.007224, "energy": 49.758112, "activity_lines": [ 36.174, 36.064715, 35.399038, 34.979058 ] }, { "date": "2026-08-07", "close": 37.09, "volume": 1900, "typical_volume": 4180.0, "trend": 34.758293, "fair_value": 30.363992, "relative_strength": -2.664273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.40757, "energy": 55.845837, "activity_lines": [ 36.460667, 36.291551, 35.626215, 35.133784 ] } ], "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." } } }