{ "ticker": { "uuid": "c99500aa-abad-4062-ba89-8548bfa859a1", "symbol": "PQDI", "name": "PRINCIPAL SPECTRUM TAX-ADVANTAGED DIVIDEND ACTIVE ETF", "exchange": "NYSE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 91.23, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": 3.301, "architecture_energy": 7.8, "architecture_maturity": 61.701, "architecture_confidence": 45.54, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 61.44, "rotation_up": 23.8, "upward_expansion": 22.03, "deceleration": 62.62, "rotation_down": 41.82, "downward_expansion": 31.03 }, "activity_lines": [ 19.232486, 19.253708, 19.254485, 19.238858 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 19.29, "trend_reference": 19.234648, "distance_from_trend": 0.002878, "trend_direction": "Improving", "fair_value": 17.6582, "distance_from_fair_value": 0.09241, "fair_value_direction": "Weakening", "relative_strength": -10.031827, "relative_strength_direction": "Weakening", "price_momentum": -1.5e-05, "excess_performance": -0.12564, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.002878, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004096, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.09241, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023911, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.100318, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010938, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -1.5e-05, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.192818, "read": "Demand-led" } ], "volume": { "latest": 13609, "relative_activity": 0.452291, "balance": 1.192818, "dry_up": 1.316185, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.007221, "annualized_volatility": 0.039937, "from_high_reference": -0.019945, "from_low_reference": 0.042407 }, "levels": { "trend_reference": 19.234648, "fair_value_reference": 17.6582, "structural_low": 18.721527, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.005093, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.02321, "regime_survival": 0.714286, "best_return": 0.024073, "worst_return": -0.010127, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.021231, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.021134, "regime_survival": 0.333333, "best_return": 0.024498, "worst_return": -0.000354, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.048604, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.041593, "regime_survival": 0.0, "best_return": 0.05468, "worst_return": 0.042527, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.071457, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.051104, "regime_survival": 0.0, "best_return": 0.071457, "worst_return": 0.071457, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-05-19", "end": "2023-06-16", "tenure": "Developing", "return": 0.023834, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-23", "end": "2023-07-28", "tenure": "Developing", "return": 0.025654, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-08-04", "end": "2023-08-25", "tenure": "New", "return": -0.008695, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-01", "end": "2023-09-29", "tenure": "Developing", "return": -0.003473, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-06", "end": "2023-11-10", "tenure": "Developing", "return": 0.02512, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-17", "end": "2023-11-24", "tenure": "New", "return": 0.0017, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-04-26", "tenure": "Established", "return": 0.054547, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.00594, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2025-01-10", "tenure": "Extended", "return": 0.04658, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.00557, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.005839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.031396, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-03-13", "tenure": "Extended", "return": 0.064125, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": 0.020046, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.139346, "volume": 1934, "typical_volume": 2826.15, "trend": 15.064748, "fair_value": 15.741427, "relative_strength": -7.344443, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.53788, "energy": 71.338782, "activity_lines": [ 15.216962, 15.157151, 15.033012, 14.995518 ] }, { "date": "2023-08-25", "close": 15.139346, "volume": 198, "typical_volume": 2810.2, "trend": 15.042576, "fair_value": 15.738816, "relative_strength": -7.879727, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.96773, "energy": 59.157092, "activity_lines": [ 15.190834, 15.164486, 15.051896, 15.000331 ] }, { "date": "2023-09-01", "close": 15.227211, "volume": 292, "typical_volume": 2600.85, "trend": 15.020825, "fair_value": 15.737195, "relative_strength": -9.385713, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 41.607854, "energy": 43.182759, "activity_lines": [ 15.193595, 15.184868, 15.077211, 15.012243 ] }, { "date": "2023-09-08", "close": 15.218542, "volume": 231, "typical_volume": 2606.45, "trend": 15.002843, "fair_value": 15.735498, "relative_strength": -8.100279, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.753916, "energy": 45.680261, "activity_lines": [ 15.197229, 15.19775, 15.100151, 15.024999 ] }, { "date": "2023-09-15", "close": 15.270556, "volume": 198, "typical_volume": 2609.7, "trend": 14.990248, "fair_value": 15.734062, "relative_strength": -7.404308, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.214422, "energy": 61.627912, "activity_lines": [ 15.221775, 15.215956, 15.1269, 15.04227 ] }, { "date": "2023-09-22", "close": 15.257553, "volume": 3556, "typical_volume": 1954.9, "trend": 14.977937, "fair_value": 15.734298, "relative_strength": -4.406203, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.78731, "energy": 70.528955, "activity_lines": [ 15.241292, 15.226179, 15.150897, 15.059516 ] }, { "date": "2023-09-29", "close": 15.17433, "volume": 1888, "typical_volume": 1876.7, "trend": 14.962104, "fair_value": 15.732776, "relative_strength": -3.962546, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.456375, "energy": 52.190229, "activity_lines": [ 15.225188, 15.217842, 15.163323, 15.072186 ] }, { "date": "2023-10-06", "close": 14.904809, "volume": 162, "typical_volume": 1714.6, "trend": 14.945303, "fair_value": 15.728813, "relative_strength": -5.802107, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 9.418666, "energy": 13.207101, "activity_lines": [ 15.116912, 15.159755, 15.146594, 15.06849 ] }, { "date": "2023-10-13", "close": 14.952706, "volume": 307, "typical_volume": 1710.75, "trend": 14.96427, "fair_value": 15.725317, "relative_strength": -5.599978, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -10.432653, "energy": 26.67485, "activity_lines": [ 15.046095, 15.117266, 15.133116, 15.068968 ] }, { "date": "2023-10-20", "close": 14.848203, "volume": 495, "typical_volume": 1683.55, "trend": 14.984526, "fair_value": 15.720753, "relative_strength": -3.75389, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.362708, "energy": 50.442958, "activity_lines": [ 14.958165, 15.061584, 15.108778, 15.061479 ] }, { "date": "2023-10-27", "close": 14.839407, "volume": 1817, "typical_volume": 1583.6, "trend": 14.988462, "fair_value": 15.716954, "relative_strength": -1.234481, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.188866, "energy": 63.313474, "activity_lines": [ 14.895461, 15.011792, 15.083898, 15.052117 ] }, { "date": "2023-11-03", "close": 15.187331, "volume": 2285, "typical_volume": 1639.6, "trend": 15.003627, "fair_value": 15.713457, "relative_strength": -4.275692, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.648889, "energy": 31.745541, "activity_lines": [ 14.976608, 15.030713, 15.093059, 15.064947 ] }, { "date": "2023-11-10", "close": 15.279216, "volume": 1194, "typical_volume": 1550.35, "trend": 15.016204, "fair_value": 15.709998, "relative_strength": -4.823666, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 45.453232, "energy": 20.564511, "activity_lines": [ 15.087516, 15.065468, 15.109976, 15.082727 ] }, { "date": "2023-11-17", "close": 15.441109, "volume": 7411, "typical_volume": 1765.7, "trend": 15.031634, "fair_value": 15.707003, "relative_strength": -5.782661, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 70.439047, "energy": 52.881718, "activity_lines": [ 15.227428, 15.128712, 15.140513, 15.11014 ] }, { "date": "2023-11-24", "close": 15.467362, "volume": 9788, "typical_volume": 2235.95, "trend": 15.048787, "fair_value": 15.703891, "relative_strength": -6.358426, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.259825, "energy": 67.805723, "activity_lines": [ 15.343531, 15.192683, 15.171407, 15.138252 ] }, { "date": "2023-12-01", "close": 15.62176, "volume": 2091, "typical_volume": 2075.45, "trend": 15.08645, "fair_value": 15.701263, "relative_strength": -6.023095, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.985449, "energy": 95.576604, "activity_lines": [ 15.469823, 15.281148, 15.214597, 15.175218 ] }, { "date": "2023-12-08", "close": 15.670125, "volume": 3730, "typical_volume": 2256.2, "trend": 15.127377, "fair_value": 15.698824, "relative_strength": -5.70506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.389928, "energy": 95.230669, "activity_lines": [ 15.560079, 15.371785, 15.259761, 15.212874 ] }, { "date": "2023-12-15", "close": 15.933843, "volume": 928, "typical_volume": 2292.5, "trend": 15.170849, "fair_value": 15.69745, "relative_strength": -6.050645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.309694, "energy": 98.010542, "activity_lines": [ 15.706055, 15.501356, 15.327484, 15.264904 ] }, { "date": "2023-12-22", "close": 15.973502, "volume": 1441, "typical_volume": 2332.1, "trend": 15.21123, "fair_value": 15.69638, "relative_strength": -6.358465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.589426, "energy": 96.48352, "activity_lines": [ 15.821609, 15.619428, 15.395889, 15.316688 ] }, { "date": "2023-12-29", "close": 16.020678, "volume": 1035, "typical_volume": 2049.05, "trend": 15.248244, "fair_value": 15.695334, "relative_strength": -6.092311, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.863061, "energy": 94.845741, "activity_lines": [ 15.917396, 15.727517, 15.465447, 15.368911 ] }, { "date": "2024-01-05", "close": 15.958873, "volume": 146, "typical_volume": 1959.65, "trend": 15.279218, "fair_value": 15.694326, "relative_strength": -4.673025, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.558265, "energy": 89.55955, "activity_lines": [ 15.955693, 15.803052, 15.525497, 15.414758 ] }, { "date": "2024-01-12", "close": 16.100141, "volume": 1227, "typical_volume": 2011.1, "trend": 15.316611, "fair_value": 15.694127, "relative_strength": -5.292528, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.131999, "energy": 94.085159, "activity_lines": [ 16.018605, 15.883917, 15.595099, 15.467721 ] }, { "date": "2024-01-19", "close": 16.113385, "volume": 336, "typical_volume": 2013.3, "trend": 15.357011, "fair_value": 15.69394, "relative_strength": -5.996354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.435016, "energy": 91.963649, "activity_lines": [ 16.057264, 15.950594, 15.661387, 15.519125 ] }, { "date": "2024-01-26", "close": 16.303214, "volume": 7875, "typical_volume": 2395.5, "trend": 15.400746, "fair_value": 15.695363, "relative_strength": -5.548554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.180943, "energy": 91.708983, "activity_lines": [ 16.14723, 16.036619, 15.741534, 15.580171 ] }, { "date": "2024-02-02", "close": 16.271085, "volume": 9379, "typical_volume": 2854.55, "trend": 15.444396, "fair_value": 15.695825, "relative_strength": -6.744792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.380467, "energy": 92.824323, "activity_lines": [ 16.204506, 16.101128, 15.813455, 15.636322 ] }, { "date": "2024-02-09", "close": 16.213449, "volume": 30668, "typical_volume": 4210.15, "trend": 15.482546, "fair_value": 15.695434, "relative_strength": -8.001242, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.498811, "energy": 79.964677, "activity_lines": [ 16.225876, 16.140544, 15.875124, 15.685938 ] }, { "date": "2024-02-16", "close": 16.257784, "volume": 11791, "typical_volume": 4705.3, "trend": 15.520027, "fair_value": 15.69586, "relative_strength": -7.109154, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.346118, "energy": 81.452985, "activity_lines": [ 16.245052, 16.177263, 15.936463, 15.735953 ] }, { "date": "2024-02-23", "close": 16.402495, "volume": 33891, "typical_volume": 6391.75, "trend": 15.557322, "fair_value": 15.698482, "relative_strength": -7.42865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.463425, "energy": 76.490594, "activity_lines": [ 16.301956, 16.229608, 16.006424, 15.792887 ] }, { "date": "2024-03-01", "close": 16.419984, "volume": 92175, "typical_volume": 10985.15, "trend": 15.595583, "fair_value": 15.701089, "relative_strength": -7.863041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.58511, "energy": 73.658687, "activity_lines": [ 16.345416, 16.276612, 16.070919, 15.848542 ] }, { "date": "2024-03-08", "close": 16.468946, "volume": 4474, "typical_volume": 11184.1, "trend": 15.635876, "fair_value": 15.703597, "relative_strength": -6.953939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.004349, "energy": 73.569019, "activity_lines": [ 16.397411, 16.324401, 16.133091, 15.904888 ] }, { "date": "2024-03-15", "close": 16.468946, "volume": 3347, "typical_volume": 11260.6, "trend": 15.680196, "fair_value": 15.706274, "relative_strength": -6.635485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.979378, "energy": 87.716776, "activity_lines": [ 16.436216, 16.364039, 16.187544, 15.958635 ] }, { "date": "2024-03-22", "close": 16.57132, "volume": 3737, "typical_volume": 11333.2, "trend": 15.727929, "fair_value": 15.708789, "relative_strength": -7.864886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.556878, "energy": 93.082183, "activity_lines": [ 16.492112, 16.413017, 16.243988, 16.016127 ] }, { "date": "2024-03-29", "close": 16.608353, "volume": 6, "typical_volume": 11273.8, "trend": 15.773967, "fair_value": 15.711573, "relative_strength": -7.744096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.813845, "energy": 87.567857, "activity_lines": [ 16.539451, 16.460161, 16.297368, 16.072928 ] }, { "date": "2024-04-05", "close": 16.558798, "volume": 1386, "typical_volume": 10972.55, "trend": 15.818642, "fair_value": 15.712916, "relative_strength": -6.957608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.400211, "energy": 75.16618, "activity_lines": [ 16.556547, 16.489295, 16.3397, 16.123562 ] }, { "date": "2024-04-12", "close": 16.469412, "volume": 1901, "typical_volume": 10578.2, "trend": 15.858604, "fair_value": 15.713586, "relative_strength": -5.853825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.296597, "energy": 68.174963, "activity_lines": [ 16.534593, 16.497531, 16.368196, 16.165548 ] }, { "date": "2024-04-19", "close": 16.384495, "volume": 6361, "typical_volume": 10791.7, "trend": 15.896169, "fair_value": 15.713592, "relative_strength": -3.166035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.502636, "energy": 61.210003, "activity_lines": [ 16.484303, 16.486721, 16.383833, 16.199476 ] }, { "date": "2024-04-26", "close": 16.473881, "volume": 835, "typical_volume": 10646.95, "trend": 15.939487, "fair_value": 15.714049, "relative_strength": -4.929881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.892209, "energy": 55.410225, "activity_lines": [ 16.469438, 16.489054, 16.404351, 16.236748 ] }, { "date": "2024-05-03", "close": 16.622701, "volume": 1742, "typical_volume": 10687.65, "trend": 15.99675, "fair_value": 15.715397, "relative_strength": -4.471361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.185488, "energy": 62.763512, "activity_lines": [ 16.510676, 16.514515, 16.435215, 16.280826 ] }, { "date": "2024-05-10", "close": 16.721432, "volume": 3903, "typical_volume": 10810.75, "trend": 16.055708, "fair_value": 15.717868, "relative_strength": -5.479265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 90.234649, "energy": 73.322013, "activity_lines": [ 16.583867, 16.553924, 16.472202, 16.32758 ] }, { "date": "2024-05-17", "close": 16.793236, "volume": 2873, "typical_volume": 10902.65, "trend": 16.120542, "fair_value": 15.720634, "relative_strength": -6.41903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.279129, "energy": 88.171868, "activity_lines": [ 16.670151, 16.600907, 16.512465, 16.375162 ] }, { "date": "2024-05-24", "close": 16.739383, "volume": 5266, "typical_volume": 11158.65, "trend": 16.183875, "fair_value": 15.72256, "relative_strength": -6.502999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.913773, "energy": 89.494571, "activity_lines": [ 16.716896, 16.632203, 16.543921, 16.415087 ] }, { "date": "2024-05-31", "close": 16.742793, "volume": 969, "typical_volume": 11145.75, "trend": 16.235723, "fair_value": 15.724138, "relative_strength": -5.924106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.964189, "energy": 88.260725, "activity_lines": [ 16.741118, 16.659201, 16.571985, 16.451147 ] }, { "date": "2024-06-07", "close": 16.735687, "volume": 3845, "typical_volume": 11321.2, "trend": 16.284272, "fair_value": 15.725501, "relative_strength": -6.914198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.26301, "energy": 78.723992, "activity_lines": [ 16.745044, 16.68179, 16.596312, 16.483402 ] }, { "date": "2024-06-14", "close": 16.807785, "volume": 29122, "typical_volume": 12383.55, "trend": 16.329828, "fair_value": 15.727312, "relative_strength": -7.840219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.160292, "energy": 70.956618, "activity_lines": [ 16.76547, 16.715172, 16.624542, 16.517177 ] }, { "date": "2024-06-21", "close": 16.861859, "volume": 14089, "typical_volume": 12619.05, "trend": 16.376311, "fair_value": 15.729046, "relative_strength": -7.928637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.387047, "energy": 72.803828, "activity_lines": [ 16.798164, 16.753859, 16.655519, 16.551502 ] }, { "date": "2024-06-28", "close": 16.893401, "volume": 18858, "typical_volume": 12028.55, "trend": 16.4187, "fair_value": 15.730652, "relative_strength": -7.535278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.784234, "energy": 72.443265, "activity_lines": [ 16.836798, 16.791146, 16.686687, 16.584863 ] }, { "date": "2024-07-05", "close": 16.955018, "volume": 3722, "typical_volume": 11625.1, "trend": 16.461529, "fair_value": 15.732584, "relative_strength": -8.730979, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.398349, "energy": 73.905087, "activity_lines": [ 16.885702, 16.830383, 16.720485, 16.619464 ] }, { "date": "2024-07-12", "close": 17.013842, "volume": 5380, "typical_volume": 10199.55, "trend": 16.497529, "fair_value": 15.735042, "relative_strength": -9.099887, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.640583, "energy": 89.986137, "activity_lines": [ 16.940066, 16.871567, 16.756566, 16.655097 ] }, { "date": "2024-07-19", "close": 17.050042, "volume": 53153, "typical_volume": 8248.45, "trend": 16.533414, "fair_value": 15.737494, "relative_strength": -6.926972, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.290763, "energy": 92.657423, "activity_lines": [ 16.987953, 16.912221, 16.793183, 16.690743 ] }, { "date": "2024-07-26", "close": 17.013842, "volume": 16777, "typical_volume": 8863.6, "trend": 16.566519, "fair_value": 15.739605, "relative_strength": -6.204096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.523059, "energy": 85.299038, "activity_lines": [ 17.007623, 16.940319, 16.823352, 16.721738 ] }, { "date": "2024-08-02", "close": 17.029932, "volume": 500670, "typical_volume": 33729.75, "trend": 16.602221, "fair_value": 15.741337, "relative_strength": -3.932373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.804753, "energy": 80.037572, "activity_lines": [ 17.022524, 16.967331, 16.852459, 16.751636 ] }, { "date": "2024-08-09", "close": 17.01267, "volume": 27570, "typical_volume": 34921.4, "trend": 16.632639, "fair_value": 15.743156, "relative_strength": -3.890119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.679787, "energy": 66.850148, "activity_lines": [ 17.022569, 16.985922, 16.87725, 16.778116 ] }, { "date": "2024-08-16", "close": 17.148673, "volume": 13178, "typical_volume": 35580.0, "trend": 16.667149, "fair_value": 15.746021, "relative_strength": -6.618991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.074525, "energy": 73.077008, "activity_lines": [ 17.064104, 17.024334, 16.912893, 16.811409 ] }, { "date": "2024-08-23", "close": 17.266143, "volume": 19966, "typical_volume": 36509.0, "trend": 16.699246, "fair_value": 15.74954, "relative_strength": -7.061869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.419597, "energy": 75.868289, "activity_lines": [ 17.135808, 17.076595, 16.95715, 16.850054 ] }, { "date": "2024-08-30", "close": 17.307026, "volume": 16081, "typical_volume": 37218.0, "trend": 16.733778, "fair_value": 15.752897, "relative_strength": -6.9073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.357438, "energy": 76.667558, "activity_lines": [ 17.206733, 17.127956, 17.001932, 16.889265 ] }, { "date": "2024-09-06", "close": 17.347724, "volume": 8168, "typical_volume": 37308.35, "trend": 16.771587, "fair_value": 15.75639, "relative_strength": -2.517281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.988451, "energy": 93.169088, "activity_lines": [ 17.271678, 17.178622, 17.046602, 16.928875 ] }, { "date": "2024-09-13", "close": 17.46057, "volume": 57551, "typical_volume": 40144.15, "trend": 16.81168, "fair_value": 15.760358, "relative_strength": -5.456714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.632771, "energy": 96.317992, "activity_lines": [ 17.353052, 17.241545, 17.097432, 16.973325 ] }, { "date": "2024-09-20", "close": 17.602608, "volume": 19864, "typical_volume": 41050.25, "trend": 16.851683, "fair_value": 15.765411, "relative_strength": -5.750646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.088972, "energy": 97.837014, "activity_lines": [ 17.451912, 17.321102, 17.157091, 17.024353 ] }, { "date": "2024-09-27", "close": 17.620214, "volume": 17812, "typical_volume": 41745.7, "trend": 16.891691, "fair_value": 15.770986, "relative_strength": -5.904682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.540493, "energy": 95.034759, "activity_lines": [ 17.526379, 17.393155, 17.21376, 17.073935 ] }, { "date": "2024-10-04", "close": 17.612894, "volume": 6301, "typical_volume": 41917.1, "trend": 16.929823, "fair_value": 15.777039, "relative_strength": -5.947069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.595517, "energy": 90.219474, "activity_lines": [ 17.574801, 17.45351, 17.265453, 17.120465 ] }, { "date": "2024-10-11", "close": 17.567098, "volume": 5871, "typical_volume": 41947.35, "trend": 16.966428, "fair_value": 15.782274, "relative_strength": -6.996499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.510806, "energy": 68.684867, "activity_lines": [ 17.587566, 17.494647, 17.308881, 17.161579 ] }, { "date": "2024-10-18", "close": 17.658689, "volume": 5862, "typical_volume": 42192.0, "trend": 17.002673, "fair_value": 15.788396, "relative_strength": -7.009692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.336017, "energy": 71.343193, "activity_lines": [ 17.616237, 17.54267, 17.35709, 17.206241 ] }, { "date": "2024-10-25", "close": 17.594575, "volume": 6102, "typical_volume": 42304.85, "trend": 17.035547, "fair_value": 15.794207, "relative_strength": -6.112537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.467315, "energy": 66.565515, "activity_lines": [ 17.610328, 17.56729, 17.394832, 17.244428 ] }, { "date": "2024-11-01", "close": 17.531637, "volume": 7561, "typical_volume": 41226.8, "trend": 17.067975, "fair_value": 15.799362, "relative_strength": -4.871488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.910447, "energy": 63.289291, "activity_lines": [ 17.583976, 17.57236, 17.42249, 17.276434 ] }, { "date": "2024-11-08", "close": 17.61442, "volume": 8649, "typical_volume": 40954.8, "trend": 17.106142, "fair_value": 15.8056, "relative_strength": -8.449249, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.472327, "energy": 63.880298, "activity_lines": [ 17.591123, 17.587654, 17.454585, 17.311689 ] }, { "date": "2024-11-15", "close": 17.577628, "volume": 8859, "typical_volume": 40454.85, "trend": 17.145913, "fair_value": 15.812029, "relative_strength": -6.436768, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.389357, "energy": 54.747507, "activity_lines": [ 17.585905, 17.590669, 17.479592, 17.342107 ] }, { "date": "2024-11-22", "close": 17.56843, "volume": 110455, "typical_volume": 45791.5, "trend": 17.182398, "fair_value": 15.819328, "relative_strength": -7.745607, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.837675, "energy": 50.514119, "activity_lines": [ 17.576918, 17.587832, 17.500465, 17.369366 ] }, { "date": "2024-11-29", "close": 17.632816, "volume": 9666, "typical_volume": 46005.8, "trend": 17.216069, "fair_value": 15.826754, "relative_strength": -8.2009, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.977437, "energy": 56.681336, "activity_lines": [ 17.595411, 17.594741, 17.524549, 17.398425 ] }, { "date": "2024-12-06", "close": 17.675934, "volume": 13312, "typical_volume": 44013.75, "trend": 17.247886, "fair_value": 15.833979, "relative_strength": -8.472919, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.801525, "energy": 58.094473, "activity_lines": [ 17.625727, 17.60894, 17.549792, 17.428094 ] }, { "date": "2024-12-13", "close": 17.676488, "volume": 19674, "typical_volume": 44158.6, "trend": 17.277327, "fair_value": 15.841078, "relative_strength": -7.644323, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.610641, "energy": 56.614953, "activity_lines": [ 17.646607, 17.622226, 17.572108, 17.455746 ] }, { "date": "2024-12-20", "close": 17.602014, "volume": 17581, "typical_volume": 20004.15, "trend": 17.306082, "fair_value": 15.847346, "relative_strength": -6.064176, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.681466, "energy": 50.913913, "activity_lines": [ 17.638526, 17.620816, 17.584175, 17.476693 ] }, { "date": "2024-12-27", "close": 17.603308, "volume": 13285, "typical_volume": 19289.9, "trend": 17.334766, "fair_value": 15.853235, "relative_strength": -6.40819, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.121937, "energy": 44.961403, "activity_lines": [ 17.62925, 17.619006, 17.593641, 17.495869 ] }, { "date": "2025-01-03", "close": 17.677544, "volume": 7880, "typical_volume": 19025.0, "trend": 17.366161, "fair_value": 15.860183, "relative_strength": -5.257911, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.960866, "energy": 43.67114, "activity_lines": [ 17.642394, 17.6317, 17.607365, 17.517984 ] }, { "date": "2025-01-10", "close": 17.575469, "volume": 9491, "typical_volume": 18501.25, "trend": 17.39175, "fair_value": 15.866528, "relative_strength": -3.714432, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.907087, "energy": 26.945313, "activity_lines": [ 17.618531, 17.624327, 17.608849, 17.531488 ] }, { "date": "2025-01-17", "close": 17.62762, "volume": 7128, "typical_volume": 18053.6, "trend": 17.417276, "fair_value": 15.873614, "relative_strength": -5.941451, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.128962, "energy": 25.483846, "activity_lines": [ 17.618749, 17.625639, 17.613827, 17.546705 ] }, { "date": "2025-01-24", "close": 17.640519, "volume": 10078, "typical_volume": 18149.1, "trend": 17.44218, "fair_value": 15.881818, "relative_strength": -7.204578, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.96523, "energy": 26.067577, "activity_lines": [ 17.626525, 17.629056, 17.618506, 17.561108 ] }, { "date": "2025-01-31", "close": 17.725798, "volume": 14254, "typical_volume": 15984.25, "trend": 17.467872, "fair_value": 15.891524, "relative_strength": -5.577665, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.733978, "energy": 36.239119, "activity_lines": [ 17.660161, 17.646835, 17.629913, 17.579406 ] }, { "date": "2025-02-07", "close": 17.720342, "volume": 12279, "typical_volume": 15605.0, "trend": 17.491422, "fair_value": 15.902399, "relative_strength": -5.250869, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.047124, "energy": 38.958212, "activity_lines": [ 17.683811, 17.66076, 17.639538, 17.595694 ] }, { "date": "2025-02-14", "close": 17.757619, "volume": 18036, "typical_volume": 15616.2, "trend": 17.515008, "fair_value": 15.913488, "relative_strength": -6.219793, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.274696, "energy": 47.255795, "activity_lines": [ 17.717034, 17.679872, 17.652152, 17.612868 ] }, { "date": "2025-02-21", "close": 17.762278, "volume": 12217, "typical_volume": 15912.0, "trend": 17.539956, "fair_value": 15.924529, "relative_strength": -4.485496, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.97744, "energy": 55.20893, "activity_lines": [ 17.739667, 17.698346, 17.664555, 17.628821 ] }, { "date": "2025-02-28", "close": 17.814093, "volume": 6218, "typical_volume": 15929.35, "trend": 17.566095, "fair_value": 15.93693, "relative_strength": -3.131215, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.59576, "energy": 57.171148, "activity_lines": [ 17.770594, 17.724681, 17.681182, 17.646508 ] }, { "date": "2025-03-07", "close": 17.788972, "volume": 12776, "typical_volume": 16275.05, "trend": 17.591971, "fair_value": 15.949953, "relative_strength": -0.094817, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.190566, "energy": 53.94809, "activity_lines": [ 17.781576, 17.742592, 17.69424, 17.660887 ] }, { "date": "2025-03-14", "close": 17.726812, "volume": 12839, "typical_volume": 16611.9, "trend": 17.611243, "fair_value": 15.962167, "relative_strength": 1.94601, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.429178, "energy": 39.388176, "activity_lines": [ 17.767627, 17.745826, 17.700758, 17.669586 ] }, { "date": "2025-03-21", "close": 17.838213, "volume": 22370, "typical_volume": 17352.35, "trend": 17.630312, "fair_value": 15.975199, "relative_strength": 2.103014, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.816325, "energy": 43.209819, "activity_lines": [ 17.79038, 17.768419, 17.717256, 17.684229 ] }, { "date": "2025-03-28", "close": 17.8428, "volume": 14638, "typical_volume": 17651.8, "trend": 17.648171, "fair_value": 15.987479, "relative_strength": 3.661283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.125394, "energy": 41.579283, "activity_lines": [ 17.809288, 17.787069, 17.73273, 17.697938 ] }, { "date": "2025-04-04", "close": 17.616869, "volume": 18013, "typical_volume": 18109.5, "trend": 17.657142, "fair_value": 15.999133, "relative_strength": 12.377784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.833071, "energy": 15.474434, "activity_lines": [ 17.747519, 17.760728, 17.7256, 17.695919 ] }, { "date": "2025-04-11", "close": 17.451325, "volume": 15515, "typical_volume": 13362.5, "trend": 17.656834, "fair_value": 16.01022, "relative_strength": 5.3441, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.282913, "energy": 17.107202, "activity_lines": [ 17.643716, 17.704718, 17.702517, 17.68264 ] }, { "date": "2025-04-18", "close": 17.621381, "volume": 1091406, "typical_volume": 67449.5, "trend": 17.65746, "fair_value": 16.023241, "relative_strength": 7.894527, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.966298, "energy": 20.099962, "activity_lines": [ 17.619108, 17.684618, 17.696188, 17.680353 ] }, { "date": "2025-04-25", "close": 17.739829, "volume": 15031, "typical_volume": 67535.45, "trend": 17.661447, "fair_value": 16.038116, "relative_strength": 3.879226, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.291127, "energy": 16.444894, "activity_lines": [ 17.641012, 17.687853, 17.701193, 17.685667 ] }, { "date": "2025-05-02", "close": 17.810507, "volume": 18271, "typical_volume": 67465.3, "trend": 17.668034, "fair_value": 16.054146, "relative_strength": 1.421013, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.008656, "energy": 16.50095, "activity_lines": [ 17.693034, 17.704262, 17.712626, 17.695284 ] }, { "date": "2025-05-09", "close": 17.848251, "volume": 60969, "typical_volume": 69634.7, "trend": 17.677406, "fair_value": 16.071038, "relative_strength": 2.127906, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.414167, "energy": 27.697268, "activity_lines": [ 17.75979, 17.726656, 17.727015, 17.706911 ] }, { "date": "2025-05-16", "close": 17.999227, "volume": 40414, "typical_volume": 70991.15, "trend": 17.688757, "fair_value": 16.089491, "relative_strength": -2.072549, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.02029, "energy": 61.013947, "activity_lines": [ 17.861447, 17.77588, 17.75461, 17.727673 ] }, { "date": "2025-05-23", "close": 17.923739, "volume": 7881, "typical_volume": 70991.2, "trend": 17.699729, "fair_value": 16.105548, "relative_strength": 0.124242, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.404783, "energy": 65.741632, "activity_lines": [ 17.901413, 17.807556, 17.773131, 17.742833 ] }, { "date": "2025-05-30", "close": 18.032254, "volume": 5144, "typical_volume": 70773.85, "trend": 17.716417, "fair_value": 16.121929, "relative_strength": -0.9306, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.975675, "energy": 74.8812, "activity_lines": [ 17.957394, 17.855382, 17.800814, 17.764287 ] }, { "date": "2025-06-06", "close": 18.111458, "volume": 13440, "typical_volume": 71089.45, "trend": 17.732985, "fair_value": 16.139777, "relative_strength": -2.022694, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.002795, "energy": 78.080832, "activity_lines": [ 18.020282, 17.91408, 17.833865, 17.789773 ] }, { "date": "2025-06-13", "close": 18.130687, "volume": 8186, "typical_volume": 70994.85, "trend": 17.75142, "fair_value": 16.160032, "relative_strength": -1.506342, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.441093, "energy": 74.992169, "activity_lines": [ 18.069516, 17.971389, 17.866443, 17.815431 ] }, { "date": "2025-06-20", "close": 18.182502, "volume": 51828, "typical_volume": 72873.55, "trend": 17.771889, "fair_value": 16.180333, "relative_strength": -1.019429, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.077242, "energy": 68.183071, "activity_lines": [ 18.117192, 18.028778, 17.901622, 17.843243 ] }, { "date": "2025-06-27", "close": 18.272491, "volume": 10399, "typical_volume": 72779.55, "trend": 17.793211, "fair_value": 16.201382, "relative_strength": -3.764283, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.410642, "energy": 69.677463, "activity_lines": [ 18.182646, 18.089234, 17.943197, 17.87554 ] }, { "date": "2025-07-04", "close": 18.388206, "volume": 8642, "typical_volume": 72309.85, "trend": 17.816954, "fair_value": 16.222339, "relative_strength": -4.678455, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.210558, "energy": 79.998302, "activity_lines": [ 18.263422, 18.15889, 17.993162, 17.913927 ] }, { "date": "2025-07-11", "close": 18.388206, "volume": 16983, "typical_volume": 72548.15, "trend": 17.840678, "fair_value": 16.243139, "relative_strength": -4.339597, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.628164, "energy": 83.695327, "activity_lines": [ 18.320468, 18.216758, 18.040125, 17.950782 ] }, { "date": "2025-07-18", "close": 18.377267, "volume": 20688, "typical_volume": 73271.65, "trend": 17.86652, "fair_value": 16.262305, "relative_strength": -4.87155, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.06724, "energy": 84.203341, "activity_lines": [ 18.355417, 18.262134, 18.083066, 17.9854 ] }, { "date": "2025-07-25", "close": 18.426258, "volume": 12647, "typical_volume": 73265.2, "trend": 17.893951, "fair_value": 16.279934, "relative_strength": -5.883504, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.61364, "energy": 86.846512, "activity_lines": [ 18.390259, 18.306798, 18.12799, 18.021513 ] }, { "date": "2025-08-01", "close": 18.450891, "volume": 20192, "typical_volume": 73632.85, "trend": 17.919729, "fair_value": 16.297683, "relative_strength": -3.264281, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.153995, "energy": 83.205707, "activity_lines": [ 18.41706, 18.348177, 18.172226, 18.057444 ] }, { "date": "2025-08-08", "close": 18.508207, "volume": 20150, "typical_volume": 73521.85, "trend": 17.950821, "fair_value": 16.315695, "relative_strength": -5.12378, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.572156, "energy": 78.997337, "activity_lines": [ 18.451074, 18.390393, 18.218473, 18.095411 ] }, { "date": "2025-08-15", "close": 18.570299, "volume": 7146, "typical_volume": 73147.25, "trend": 17.982243, "fair_value": 16.335178, "relative_strength": -5.585718, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.457586, "energy": 82.127371, "activity_lines": [ 18.497785, 18.435244, 18.267443, 18.135377 ] }, { "date": "2025-08-22", "close": 18.598957, "volume": 8397, "typical_volume": 72666.45, "trend": 18.014191, "fair_value": 16.355892, "relative_strength": -5.578872, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.411437, "energy": 78.242622, "activity_lines": [ 18.541909, 18.476963, 18.315677, 18.175165 ] }, { "date": "2025-08-29", "close": 18.584628, "volume": 15605, "typical_volume": 72670.95, "trend": 18.042819, "fair_value": 16.377572, "relative_strength": -5.478174, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.423674, "energy": 75.578563, "activity_lines": [ 18.566478, 18.507563, 18.357871, 18.211967 ] }, { "date": "2025-09-05", "close": 18.663533, "volume": 13185, "typical_volume": 18759.9, "trend": 18.074259, "fair_value": 16.399654, "relative_strength": -5.178651, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.737123, "energy": 77.288823, "activity_lines": [ 18.60679, 18.545198, 18.402182, 18.252013 ] }, { "date": "2025-09-12", "close": 18.82182, "volume": 18334, "typical_volume": 18925.05, "trend": 18.109732, "fair_value": 16.423039, "relative_strength": -5.685354, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.025981, "energy": 83.073753, "activity_lines": [ 18.685689, 18.604502, 18.456606, 18.300243 ] }, { "date": "2025-09-19", "close": 18.869306, "volume": 36217, "typical_volume": 19822.35, "trend": 18.146633, "fair_value": 16.447912, "relative_strength": -6.428476, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.435938, "energy": 96.014431, "activity_lines": [ 18.759508, 18.664557, 18.5104, 18.349248 ] }, { "date": "2025-09-26", "close": 18.845803, "volume": 14151, "typical_volume": 17481.45, "trend": 18.181023, "fair_value": 16.474633, "relative_strength": -6.117288, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.256207, "energy": 92.366951, "activity_lines": [ 18.80556, 18.711591, 18.556914, 18.394356 ] }, { "date": "2025-10-03", "close": 18.891696, "volume": 28263, "typical_volume": 16873.9, "trend": 18.217781, "fair_value": 16.501418, "relative_strength": -6.757579, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.372462, "energy": 92.416453, "activity_lines": [ 18.850452, 18.75845, 18.603048, 18.440205 ] }, { "date": "2025-10-10", "close": 18.762475, "volume": 28331, "typical_volume": 17896.4, "trend": 18.252303, "fair_value": 16.528442, "relative_strength": -4.982065, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.10737, "energy": 86.005838, "activity_lines": [ 18.8318, 18.773352, 18.632625, 18.475347 ] }, { "date": "2025-10-17", "close": 18.867606, "volume": 15926, "typical_volume": 18435.5, "trend": 18.286616, "fair_value": 16.556235, "relative_strength": -5.954803, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.195148, "energy": 68.324658, "activity_lines": [ 18.841595, 18.801703, 18.668221, 18.515044 ] }, { "date": "2025-10-24", "close": 18.930241, "volume": 33544, "typical_volume": 19440.7, "trend": 18.322864, "fair_value": 16.583453, "relative_strength": -7.268832, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.684876, "energy": 69.873038, "activity_lines": [ 18.869217, 18.834909, 18.705805, 18.556568 ] }, { "date": "2025-10-31", "close": 18.934095, "volume": 204840, "typical_volume": 29273.4, "trend": 18.366772, "fair_value": 16.611174, "relative_strength": -7.70898, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.40505, "energy": 67.533251, "activity_lines": [ 18.89406, 18.86227, 18.739856, 18.596002 ] }, { "date": "2025-11-07", "close": 18.891854, "volume": 23323, "typical_volume": 27848.15, "trend": 18.414789, "fair_value": 16.636713, "relative_strength": -6.294211, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.367068, "energy": 64.380333, "activity_lines": [ 18.898937, 18.875858, 18.766059, 18.629879 ] }, { "date": "2025-11-14", "close": 18.900081, "volume": 25693, "typical_volume": 28612.85, "trend": 18.457412, "fair_value": 16.661987, "relative_strength": -6.252699, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.598525, "energy": 63.116078, "activity_lines": [ 18.906546, 18.885356, 18.789668, 18.661188 ] }, { "date": "2025-11-21", "close": 18.843463, "volume": 52335, "typical_volume": 30797.5, "trend": 18.4942, "fair_value": 16.686341, "relative_strength": -4.626612, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.100716, "energy": 54.614145, "activity_lines": [ 18.886109, 18.880259, 18.804896, 18.686094 ] }, { "date": "2025-11-28", "close": 18.997734, "volume": 9429, "typical_volume": 30419.8, "trend": 18.533774, "fair_value": 16.711302, "relative_strength": -7.164984, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.141736, "energy": 57.040859, "activity_lines": [ 18.918705, 18.902817, 18.832648, 18.71858 ] }, { "date": "2025-12-05", "close": 19.001588, "volume": 16007, "typical_volume": 30185.75, "trend": 18.572219, "fair_value": 16.736101, "relative_strength": -7.355164, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.629819, "energy": 57.331098, "activity_lines": [ 18.948085, 18.923742, 18.857865, 18.748762 ] }, { "date": "2025-12-12", "close": 19.030746, "volume": 21057, "typical_volume": 30606.25, "trend": 18.606603, "fair_value": 16.760741, "relative_strength": -6.576285, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.713082, "energy": 59.708696, "activity_lines": [ 18.982686, 18.947135, 18.882886, 18.778344 ] }, { "date": "2025-12-19", "close": 19.069624, "volume": 24738, "typical_volume": 30833.55, "trend": 18.644799, "fair_value": 16.786057, "relative_strength": -6.371857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.554619, "energy": 66.118004, "activity_lines": [ 19.020987, 18.975069, 18.908731, 18.808217 ] }, { "date": "2025-12-26", "close": 19.118221, "volume": 32687, "typical_volume": 31460.4, "trend": 18.680998, "fair_value": 16.811934, "relative_strength": -7.321781, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.454777, "energy": 78.778336, "activity_lines": [ 19.064183, 19.006254, 18.936258, 18.83876 ] }, { "date": "2026-01-02", "close": 19.166989, "volume": 39189, "typical_volume": 33062.55, "trend": 18.716182, "fair_value": 16.836641, "relative_strength": -5.983794, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.233139, "energy": 85.571937, "activity_lines": [ 19.105319, 19.041749, 18.965524, 18.870114 ] }, { "date": "2026-01-09", "close": 19.227332, "volume": 25348, "typical_volume": 33910.1, "trend": 18.752737, "fair_value": 16.85989, "relative_strength": -6.993366, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.79393, "energy": 86.467309, "activity_lines": [ 19.155285, 19.083911, 18.997697, 18.903092 ] }, { "date": "2026-01-16", "close": 19.245102, "volume": 10367, "typical_volume": 33648.2, "trend": 18.788157, "fair_value": 16.882615, "relative_strength": -6.461093, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.371238, "energy": 87.367566, "activity_lines": [ 19.196125, 19.123973, 19.028569, 18.934857 ] }, { "date": "2026-01-23", "close": 19.245102, "volume": 16222, "typical_volume": 33800.05, "trend": 18.820578, "fair_value": 16.90467, "relative_strength": -6.044289, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.693096, "energy": 82.022202, "activity_lines": [ 19.222674, 19.157612, 19.056296, 18.964337 ] }, { "date": "2026-01-30", "close": 19.244321, "volume": 12812, "typical_volume": 33523.95, "trend": 18.849115, "fair_value": 16.926238, "relative_strength": -6.299611, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.737611, "energy": 66.785937, "activity_lines": [ 19.237265, 19.184835, 19.08118, 18.991676 ] }, { "date": "2026-02-06", "close": 19.290298, "volume": 22695, "typical_volume": 32847.85, "trend": 18.879185, "fair_value": 16.948881, "relative_strength": -5.775571, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.542905, "energy": 66.46755, "activity_lines": [ 19.258774, 19.21313, 19.10843, 19.020139 ] }, { "date": "2026-02-13", "close": 19.34914, "volume": 27829, "typical_volume": 33531.75, "trend": 18.91158, "fair_value": 16.972604, "relative_strength": -4.191083, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.689969, "energy": 66.392051, "activity_lines": [ 19.291677, 19.246805, 19.13928, 19.050459 ] }, { "date": "2026-02-20", "close": 19.430636, "volume": 12459, "typical_volume": 32741.55, "trend": 18.94506, "fair_value": 16.996986, "relative_strength": -4.749886, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.502869, "energy": 71.189869, "activity_lines": [ 19.343625, 19.288977, 19.175494, 19.083946 ] }, { "date": "2026-02-27", "close": 19.383465, "volume": 61124, "typical_volume": 34381.2, "trend": 18.976145, "fair_value": 17.020923, "relative_strength": -4.375625, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.909023, "energy": 61.747255, "activity_lines": [ 19.36748, 19.315302, 19.20465, 19.11223 ] }, { "date": "2026-03-06", "close": 19.228486, "volume": 44847, "typical_volume": 35827.25, "trend": 19.000155, "fair_value": 17.045408, "relative_strength": -3.052753, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.361031, "energy": 52.588173, "activity_lines": [ 19.330452, 19.307743, 19.216088, 19.128511 ] }, { "date": "2026-03-13", "close": 19.073098, "volume": 28218, "typical_volume": 35560.95, "trend": 19.016915, "fair_value": 17.075468, "relative_strength": -2.175539, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.35993, "energy": 26.742877, "activity_lines": [ 19.242683, 19.269927, 19.211009, 19.133217 ] }, { "date": "2026-03-20", "close": 18.91091, "volume": 50924, "typical_volume": 27865.15, "trend": 19.027313, "fair_value": 17.105407, "relative_strength": -1.046558, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.554804, "energy": 16.738706, "activity_lines": [ 19.115331, 19.204329, 19.189804, 19.126378 ] }, { "date": "2026-03-27", "close": 18.827057, "volume": 24065, "typical_volume": 27902.25, "trend": 19.035394, "fair_value": 17.131726, "relative_strength": 0.948013, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.809211, "energy": 40.910589, "activity_lines": [ 18.989244, 19.129238, 19.160723, 19.113458 ] }, { "date": "2026-04-03", "close": 19.053775, "volume": 32014, "typical_volume": 28218.3, "trend": 19.048402, "fair_value": 17.159427, "relative_strength": -0.820098, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.718553, "energy": 34.167428, "activity_lines": [ 18.978968, 19.10297, 19.153542, 19.114644 ] }, { "date": "2026-04-10", "close": 19.208526, "volume": 21238, "typical_volume": 26663.45, "trend": 19.061292, "fair_value": 17.187033, "relative_strength": -3.187479, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.572248, "energy": 23.231572, "activity_lines": [ 19.042255, 19.108317, 19.160368, 19.124974 ] }, { "date": "2026-04-17", "close": 19.366148, "volume": 39283, "typical_volume": 28156.15, "trend": 19.077854, "fair_value": 17.215161, "relative_strength": -6.203007, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.622155, "energy": 17.248638, "activity_lines": [ 19.159413, 19.142973, 19.180467, 19.144642 ] }, { "date": "2026-04-24", "close": 19.371099, "volume": 36945, "typical_volume": 29203.05, "trend": 19.095364, "fair_value": 17.243484, "relative_strength": -6.340547, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.915762, "energy": 34.591679, "activity_lines": [ 19.258685, 19.17715, 19.199283, 19.163561 ] }, { "date": "2026-05-01", "close": 19.258894, "volume": 21414, "typical_volume": 29220.9, "trend": 19.107604, "fair_value": 17.274042, "relative_strength": -7.439088, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.077421, "energy": 34.364467, "activity_lines": [ 19.289876, 19.190527, 19.205654, 19.174112 ] }, { "date": "2026-05-08", "close": 19.318274, "volume": 25817, "typical_volume": 29274.85, "trend": 19.12613, "fair_value": 17.305298, "relative_strength": -8.937999, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.974165, "energy": 38.559635, "activity_lines": [ 19.312071, 19.217823, 19.216593, 19.187703 ] }, { "date": "2026-05-15", "close": 19.170022, "volume": 19334, "typical_volume": 28607.2, "trend": 19.136211, "fair_value": 17.334403, "relative_strength": -9.541762, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.201378, "energy": 33.807482, "activity_lines": [ 19.267216, 19.21935, 19.212229, 19.190535 ] }, { "date": "2026-05-22", "close": 19.184768, "volume": 16565, "typical_volume": 27476.0, "trend": 19.144695, "fair_value": 17.362753, "relative_strength": -9.920774, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.38644, "energy": 17.169542, "activity_lines": [ 19.229842, 19.22462, 19.209023, 19.193668 ] }, { "date": "2026-05-29", "close": 19.278688, "volume": 15043, "typical_volume": 26960.75, "trend": 19.156181, "fair_value": 17.390756, "relative_strength": -10.447635, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.78057, "energy": 15.759563, "activity_lines": [ 19.235868, 19.244937, 19.214677, 19.202313 ] }, { "date": "2026-06-05", "close": 19.19414, "volume": 33706, "typical_volume": 28127.7, "trend": 19.166258, "fair_value": 17.417451, "relative_strength": -8.26985, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.479413, "energy": 12.551073, "activity_lines": [ 19.219872, 19.243194, 19.212034, 19.204761 ] }, { "date": "2026-06-12", "close": 19.26765, "volume": 23932, "typical_volume": 28513.2, "trend": 19.17851, "fair_value": 17.444947, "relative_strength": -8.144671, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.098857, "energy": 13.601756, "activity_lines": [ 19.232695, 19.248142, 19.216635, 19.211303 ] }, { "date": "2026-06-19", "close": 19.312412, "volume": 18869, "typical_volume": 28816.05, "trend": 19.194142, "fair_value": 17.473223, "relative_strength": -8.464146, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.09288, "energy": 26.705656, "activity_lines": [ 19.263815, 19.257341, 19.225391, 19.219942 ] }, { "date": "2026-06-26", "close": 19.337181, "volume": 68547, "typical_volume": 31108.65, "trend": 19.205456, "fair_value": 17.501082, "relative_strength": -5.889745, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.199855, "energy": 33.860828, "activity_lines": [ 19.293698, 19.269154, 19.236182, 19.22917 ] }, { "date": "2026-07-03", "close": 19.324633, "volume": 33790, "typical_volume": 31406.7, "trend": 19.216225, "fair_value": 17.52905, "relative_strength": -7.706501, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.215785, "energy": 41.018566, "activity_lines": [ 19.309238, 19.279212, 19.245555, 19.236859 ] }, { "date": "2026-07-10", "close": 19.269903, "volume": 12808, "typical_volume": 31424.15, "trend": 19.224196, "fair_value": 17.555979, "relative_strength": -8.940605, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.13799, "energy": 38.10859, "activity_lines": [ 19.303471, 19.280164, 19.249832, 19.240322 ] }, { "date": "2026-07-17", "close": 19.264928, "volume": 44122, "typical_volume": 30574.05, "trend": 19.230707, "fair_value": 17.582464, "relative_strength": -7.301492, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.043752, "energy": 28.116325, "activity_lines": [ 19.290995, 19.280012, 19.254401, 19.24295 ] }, { "date": "2026-07-24", "close": 19.125615, "volume": 39112, "typical_volume": 30287.3, "trend": 19.230953, "fair_value": 17.607092, "relative_strength": -7.214472, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.395772, "energy": 8.819681, "activity_lines": [ 19.232263, 19.255499, 19.246266, 19.23617 ] }, { "date": "2026-07-31", "close": 19.215173, "volume": 61568, "typical_volume": 31954.8, "trend": 19.232559, "fair_value": 17.632367, "relative_strength": -7.517696, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 4.508519, "energy": 10.250878, "activity_lines": [ 19.215837, 19.248078, 19.247151, 19.235152 ] }, { "date": "2026-08-07", "close": 19.29, "volume": 13609, "typical_volume": 30089.05, "trend": 19.234648, "fair_value": 17.6582, "relative_strength": -10.031827, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.300897, "energy": 7.799874, "activity_lines": [ 19.232486, 19.253708, 19.254485, 19.238858 ] } ], "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." } } }