{ "ticker": { "uuid": "cb0fa4af-df6b-45bd-af33-7e7655c4ec84", "symbol": "LGOV", "name": "FIRST TR EXCHANGE TRADED FD IV LONG DURATION OPPORTUNITIES ETF", "exchange": "NYSEARCA", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 70.105, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.402, "architecture_energy": 47.371, "architecture_maturity": 5.41, "architecture_confidence": 91.665, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 26.79, "rotation_up": 13.81, "upward_expansion": 9.44, "deceleration": 40.21, "rotation_down": 61.0, "downward_expansion": 85.11 }, "activity_lines": [ 20.977368, 21.091624, 21.183944, 21.270384 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 21.011, "trend_reference": 21.387976, "distance_from_trend": -0.017626, "trend_direction": "Weakening", "fair_value": 20.260947, "distance_from_fair_value": 0.03702, "fair_value_direction": "Weakening", "relative_strength": -12.454548, "relative_strength_direction": "Weakening", "price_momentum": -0.02718, "excess_performance": -0.152805, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.017626, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.005013, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.03702, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.028285, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.124545, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024714, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.02718, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.072899, "read": "Demand-led" } ], "volume": { "latest": 1178394, "relative_activity": 1.264511, "balance": 1.072899, "dry_up": 0.921564, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.023534, "annualized_volatility": 0.081606, "from_high_reference": -0.099538, "from_low_reference": 0.034875 }, "levels": { "trend_reference": 21.387976, "fair_value_reference": 20.260947, "structural_low": 20.302932, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": -0.019772, "positive_rate": 0.368421, "directional_follow_through": 0.631579, "median_excess_return": 0.000384, "regime_survival": 0.842105, "best_return": 0.074712, "worst_return": -0.048783, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.004005, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.02222, "regime_survival": 0.571429, "best_return": 0.091191, "worst_return": -0.105108, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.004119, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.041677, "regime_survival": 0.25, "best_return": 0.045052, "worst_return": -0.101517, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.086496, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.078746, "regime_survival": 0.0, "best_return": 0.092733, "worst_return": -0.14588, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": 0.063883, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-09", "end": "2024-10-11", "tenure": "Developing", "return": -0.003337, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.030811, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": 0.032748, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": -0.01983, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": 0.022198, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.010171, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.001389, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-08-15", "tenure": "Established", "return": 0.011046, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-12-26", "tenure": "Established", "return": 0.038154, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-02-06", "tenure": "Developing", "return": 0.00886, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.034106, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-07-24", "tenure": "Established", "return": -0.010294, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.007722, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.751993, "volume": 841488, "typical_volume": 513921.05, "trend": 19.726508, "fair_value": 21.924335, "relative_strength": -11.987295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.52527, "energy": 79.210909, "activity_lines": [ 19.048358, 19.273803, 19.510853, 19.63413 ] }, { "date": "2023-08-25", "close": 18.957402, "volume": 287866, "typical_volume": 516885.05, "trend": 19.694428, "fair_value": 21.890249, "relative_strength": -11.437653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.320844, "energy": 75.105731, "activity_lines": [ 18.970573, 19.186795, 19.43914, 19.58451 ] }, { "date": "2023-09-01", "close": 19.109204, "volume": 272771, "typical_volume": 517402.5, "trend": 19.669158, "fair_value": 21.855467, "relative_strength": -12.606333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.060075, "energy": 66.767451, "activity_lines": [ 18.991401, 19.142821, 19.389174, 19.546754 ] }, { "date": "2023-09-08", "close": 18.966332, "volume": 247506, "typical_volume": 475247.7, "trend": 19.649199, "fair_value": 21.81977, "relative_strength": -11.892323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.228436, "energy": 58.591923, "activity_lines": [ 18.982917, 19.085705, 19.330074, 19.50141 ] }, { "date": "2023-09-15", "close": 18.787741, "volume": 446181, "typical_volume": 486154.25, "trend": 19.626427, "fair_value": 21.782875, "relative_strength": -12.263903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.591915, "energy": 48.947859, "activity_lines": [ 18.919896, 19.010178, 19.258697, 19.445832 ] }, { "date": "2023-09-22", "close": 18.526552, "volume": 361106, "typical_volume": 467009.15, "trend": 19.600423, "fair_value": 21.743961, "relative_strength": -10.49752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.658734, "energy": 53.271392, "activity_lines": [ 18.790569, 18.896728, 19.168827, 19.374872 ] }, { "date": "2023-09-29", "close": 18.176994, "volume": 298471, "typical_volume": 456486.05, "trend": 19.564815, "fair_value": 21.703204, "relative_strength": -11.146582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.195756, "energy": 76.059759, "activity_lines": [ 18.559751, 18.741618, 19.053416, 19.283038 ] }, { "date": "2023-10-06", "close": 17.782622, "volume": 535050, "typical_volume": 458193.0, "trend": 19.499255, "fair_value": 21.661852, "relative_strength": -13.060849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.170129, "energy": 91.503917, "activity_lines": [ 18.249504, 18.542087, 18.910114, 19.168058 ] }, { "date": "2023-10-13", "close": 18.078401, "volume": 425536, "typical_volume": 452489.25, "trend": 19.428046, "fair_value": 21.62131, "relative_strength": -11.589831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.310363, "energy": 87.22574, "activity_lines": [ 18.126288, 18.425448, 18.804007, 19.07639 ] }, { "date": "2023-10-20", "close": 17.397212, "volume": 601244, "typical_volume": 472704.9, "trend": 19.33557, "fair_value": 21.57851, "relative_strength": -12.526526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.784873, "energy": 94.330009, "activity_lines": [ 17.835205, 18.202462, 18.640136, 18.945369 ] }, { "date": "2023-10-27", "close": 17.672878, "volume": 428984, "typical_volume": 471340.6, "trend": 19.255437, "fair_value": 21.537106, "relative_strength": -8.645539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.008031, "energy": 87.513376, "activity_lines": [ 17.728712, 18.060541, 18.514011, 18.838098 ] }, { "date": "2023-11-03", "close": 18.167791, "volume": 713593, "typical_volume": 490539.65, "trend": 19.178086, "fair_value": 21.49898, "relative_strength": -10.981568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.879813, "energy": 61.148008, "activity_lines": [ 17.844102, 18.028224, 18.445159, 18.767927 ] }, { "date": "2023-11-10", "close": 18.266773, "volume": 449381, "typical_volume": 504481.6, "trend": 19.118703, "fair_value": 21.461913, "relative_strength": -11.45976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.207393, "energy": 52.348096, "activity_lines": [ 17.993099, 18.02826, 18.393535, 18.709133 ] }, { "date": "2023-11-17", "close": 18.554722, "volume": 1087645, "typical_volume": 514943.3, "trend": 19.071852, "fair_value": 21.425341, "relative_strength": -11.800712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.667905, "energy": 29.986047, "activity_lines": [ 18.205803, 18.095968, 18.376709, 18.672747 ] }, { "date": "2023-11-24", "close": 18.538009, "volume": 229099, "typical_volume": 490724.85, "trend": 19.018855, "fair_value": 21.389063, "relative_strength": -12.441102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.313257, "energy": 27.30566, "activity_lines": [ 18.381181, 18.168121, 18.363933, 18.638306 ] }, { "date": "2023-12-01", "close": 19.031083, "volume": 695114, "typical_volume": 494222.55, "trend": 18.981423, "fair_value": 21.356929, "relative_strength": -10.556993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.524472, "energy": 20.050595, "activity_lines": [ 18.644864, 18.334464, 18.401812, 18.639095 ] }, { "date": "2023-12-08", "close": 19.148504, "volume": 799901, "typical_volume": 483198.0, "trend": 18.946129, "fair_value": 21.324106, "relative_strength": -9.847947, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.501718, "energy": 26.363564, "activity_lines": [ 18.85714, 18.512983, 18.454205, 18.649874 ] }, { "date": "2023-12-15", "close": 19.979476, "volume": 1032833, "typical_volume": 516256.05, "trend": 18.956182, "fair_value": 21.297121, "relative_strength": -7.731594, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.183436, "energy": 45.451161, "activity_lines": [ 19.281026, 18.824924, 18.588258, 18.716542 ] }, { "date": "2023-12-22", "close": 19.923024, "volume": 1057811, "typical_volume": 551721.7, "trend": 18.96789, "fair_value": 21.270232, "relative_strength": -8.447542, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.895799, "energy": 60.350764, "activity_lines": [ 19.571914, 19.086659, 18.714098, 18.778919 ] }, { "date": "2023-12-29", "close": 20.058987, "volume": 1163331, "typical_volume": 598745.55, "trend": 18.976167, "fair_value": 21.243142, "relative_strength": -7.814352, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.262177, "energy": 69.097527, "activity_lines": [ 19.816903, 19.339575, 18.848688, 18.849312 ] }, { "date": "2024-01-05", "close": 19.678292, "volume": 1250400, "typical_volume": 619191.15, "trend": 18.972049, "fair_value": 21.216185, "relative_strength": -7.768893, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.957357, "energy": 67.76089, "activity_lines": [ 19.833596, 19.474878, 18.942451, 18.89461 ] }, { "date": "2024-01-12", "close": 19.868639, "volume": 689427, "typical_volume": 639269.2, "trend": 18.974128, "fair_value": 21.190501, "relative_strength": -8.23443, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.729976, "energy": 60.304683, "activity_lines": [ 19.87059, 19.608328, 19.049931, 18.952455 ] }, { "date": "2024-01-19", "close": 19.469816, "volume": 962216, "typical_volume": 673741.45, "trend": 18.962619, "fair_value": 21.162555, "relative_strength": -10.739319, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.677861, "energy": 47.305783, "activity_lines": [ 19.726634, 19.63834, 19.115088, 18.984435 ] }, { "date": "2024-01-26", "close": 19.451688, "volume": 964653, "typical_volume": 709598.8, "trend": 18.953019, "fair_value": 21.133606, "relative_strength": -11.358603, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 45.093123, "energy": 33.268189, "activity_lines": [ 19.610613, 19.643182, 19.176802, 19.015988 ] }, { "date": "2024-02-02", "close": 19.824535, "volume": 948214, "typical_volume": 734700.45, "trend": 18.970042, "fair_value": 21.109197, "relative_strength": -10.591111, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.25197, "energy": 35.00005, "activity_lines": [ 19.650296, 19.699506, 19.271714, 19.072214 ] }, { "date": "2024-02-09", "close": 19.469876, "volume": 795135, "typical_volume": 756401.9, "trend": 18.961344, "fair_value": 21.082998, "relative_strength": -13.023914, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.183234, "energy": 25.968508, "activity_lines": [ 19.58739, 19.667956, 19.327912, 19.104462 ] }, { "date": "2024-02-16", "close": 19.324374, "volume": 553256, "typical_volume": 769141.15, "trend": 18.949571, "fair_value": 21.057989, "relative_strength": -13.012732, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.851965, "energy": 22.819478, "activity_lines": [ 19.489878, 19.601972, 19.36576, 19.127883 ] }, { "date": "2024-02-23", "close": 19.361233, "volume": 846667, "typical_volume": 784722.0, "trend": 18.948816, "fair_value": 21.033801, "relative_strength": -13.856054, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.619835, "energy": 20.166263, "activity_lines": [ 19.440936, 19.539492, 19.401655, 19.154442 ] }, { "date": "2024-03-01", "close": 19.516342, "volume": 1191585, "typical_volume": 823024.45, "trend": 18.964653, "fair_value": 21.012688, "relative_strength": -13.626359, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.468649, "energy": 19.040087, "activity_lines": [ 19.450937, 19.516455, 19.444805, 19.191056 ] }, { "date": "2024-03-08", "close": 19.799188, "volume": 454328, "typical_volume": 815678.65, "trend": 18.987989, "fair_value": 20.993495, "relative_strength": -11.669508, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.062944, "energy": 25.547087, "activity_lines": [ 19.550909, 19.552239, 19.508046, 19.244897 ] }, { "date": "2024-03-15", "close": 19.306489, "volume": 526440, "typical_volume": 820551.45, "trend": 19.006473, "fair_value": 20.972169, "relative_strength": -13.259071, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.949079, "energy": 16.63311, "activity_lines": [ 19.488338, 19.503165, 19.512925, 19.265446 ] }, { "date": "2024-03-22", "close": 19.516583, "volume": 484698, "typical_volume": 809106.7, "trend": 19.025112, "fair_value": 20.951218, "relative_strength": -13.68717, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.535924, "energy": 22.129846, "activity_lines": [ 19.50669, 19.499049, 19.530033, 19.298356 ] }, { "date": "2024-03-29", "close": 19.571508, "volume": 3898755, "typical_volume": 981575.4, "trend": 19.040522, "fair_value": 20.930781, "relative_strength": -13.277717, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.285783, "energy": 23.162382, "activity_lines": [ 19.530537, 19.511321, 19.54595, 19.333608 ] }, { "date": "2024-04-05", "close": 19.214497, "volume": 2240081, "typical_volume": 1039197.2, "trend": 19.048794, "fair_value": 20.907516, "relative_strength": -13.568429, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.298273, "energy": 9.638502, "activity_lines": [ 19.421362, 19.456833, 19.521653, 19.344832 ] }, { "date": "2024-04-12", "close": 18.903257, "volume": 1440534, "typical_volume": 1099768.95, "trend": 19.052645, "fair_value": 20.880417, "relative_strength": -13.227684, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.534986, "energy": 13.199847, "activity_lines": [ 19.228563, 19.350068, 19.464572, 19.335442 ] }, { "date": "2024-04-19", "close": 18.683558, "volume": 2472067, "typical_volume": 1188616.6, "trend": 19.057878, "fair_value": 20.8518, "relative_strength": -11.061507, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.329835, "energy": 44.336404, "activity_lines": [ 19.022261, 19.220109, 19.384828, 19.31163 ] }, { "date": "2024-04-26", "close": 18.591545, "volume": 1040677, "typical_volume": 1200655.4, "trend": 19.071697, "fair_value": 20.824058, "relative_strength": -13.288494, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.789263, "energy": 57.596829, "activity_lines": [ 18.826815, 19.087716, 19.297976, 19.281544 ] }, { "date": "2024-05-03", "close": 18.958967, "volume": 1243560, "typical_volume": 1211191.75, "trend": 19.110908, "fair_value": 20.797207, "relative_strength": -11.596148, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.946833, "energy": 58.015151, "activity_lines": [ 18.815513, 19.035452, 19.248768, 19.274271 ] }, { "date": "2024-05-10", "close": 19.004895, "volume": 616605, "typical_volume": 1189131.45, "trend": 19.141791, "fair_value": 20.771301, "relative_strength": -12.472259, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.780686, "energy": 52.142214, "activity_lines": [ 18.860357, 18.998853, 19.208794, 19.267432 ] }, { "date": "2024-05-17", "close": 19.216162, "volume": 441050, "typical_volume": 1153017.4, "trend": 19.202423, "fair_value": 20.747318, "relative_strength": -12.478347, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.96798, "energy": 23.810183, "activity_lines": [ 18.989596, 19.009964, 19.193313, 19.27223 ] }, { "date": "2024-05-24", "close": 19.105505, "volume": 884304, "typical_volume": 1134712.6, "trend": 19.250177, "fair_value": 20.721511, "relative_strength": -12.526792, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.904651, "energy": 9.344561, "activity_lines": [ 19.061089, 19.011557, 19.171307, 19.265977 ] }, { "date": "2024-05-31", "close": 19.068639, "volume": 575683, "typical_volume": 1129025.4, "trend": 19.280206, "fair_value": 20.694571, "relative_strength": -11.908927, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -33.385892, "energy": 19.409019, "activity_lines": [ 19.092164, 19.010101, 19.148517, 19.254265 ] }, { "date": "2024-06-07", "close": 19.262183, "volume": 809745, "typical_volume": 1121401.85, "trend": 19.313386, "fair_value": 20.667757, "relative_strength": -11.680106, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -26.867744, "energy": 18.672175, "activity_lines": [ 19.155947, 19.051979, 19.147969, 19.253102 ] }, { "date": "2024-06-14", "close": 19.759866, "volume": 721147, "typical_volume": 1109226.55, "trend": 19.353557, "fair_value": 20.642465, "relative_strength": -10.4763, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.733429, "energy": 21.650876, "activity_lines": [ 19.36541, 19.189969, 19.195809, 19.281907 ] }, { "date": "2024-06-21", "close": 19.686135, "volume": 666034, "typical_volume": 1095117.55, "trend": 19.391828, "fair_value": 20.618016, "relative_strength": -10.950597, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.45677, "energy": 33.943167, "activity_lines": [ 19.499965, 19.304637, 19.235159, 19.303364 ] }, { "date": "2024-06-28", "close": 19.445962, "volume": 1300104, "typical_volume": 1120366.0, "trend": 19.405658, "fair_value": 20.589304, "relative_strength": -11.595452, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.682922, "energy": 33.54797, "activity_lines": [ 19.52313, 19.361404, 19.252294, 19.306856 ] }, { "date": "2024-07-05", "close": 19.658638, "volume": 604743, "typical_volume": 1122940.35, "trend": 19.422662, "fair_value": 20.562881, "relative_strength": -11.921409, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.262414, "energy": 45.151377, "activity_lines": [ 19.594491, 19.442977, 19.289798, 19.323178 ] }, { "date": "2024-07-12", "close": 19.85282, "volume": 863592, "typical_volume": 1123786.6, "trend": 19.41844, "fair_value": 20.536886, "relative_strength": -11.517155, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.023484, "energy": 52.455128, "activity_lines": [ 19.691245, 19.540454, 19.344204, 19.35093 ] }, { "date": "2024-07-19", "close": 19.751106, "volume": 955592, "typical_volume": 1111986.95, "trend": 19.41271, "fair_value": 20.510212, "relative_strength": -9.853944, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.887555, "energy": 46.226013, "activity_lines": [ 19.714719, 19.603186, 19.386582, 19.372392 ] }, { "date": "2024-07-26", "close": 19.825445, "volume": 935634, "typical_volume": 1136052.25, "trend": 19.404925, "fair_value": 20.483551, "relative_strength": -8.467122, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.01948, "energy": 52.035746, "activity_lines": [ 19.763556, 19.665867, 19.434922, 19.39902 ] }, { "date": "2024-08-02", "close": 20.688228, "volume": 1775576, "typical_volume": 1198509.05, "trend": 19.438589, "fair_value": 20.46307, "relative_strength": -2.207608, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.138044, "energy": 85.516401, "activity_lines": [ 20.090701, 19.874339, 19.565307, 19.481814 ] }, { "date": "2024-08-09", "close": 20.391357, "volume": 2121880, "typical_volume": 1280368.15, "trend": 19.456013, "fair_value": 20.440664, "relative_strength": -3.383757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.506241, "energy": 79.771952, "activity_lines": [ 20.236071, 20.000058, 19.660839, 19.543283 ] }, { "date": "2024-08-16", "close": 20.521238, "volume": 615174, "typical_volume": 1116189.1, "trend": 19.491061, "fair_value": 20.41879, "relative_strength": -6.210095, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.164249, "energy": 84.244316, "activity_lines": [ 20.375887, 20.125343, 19.764574, 19.612007 ] }, { "date": "2024-08-23", "close": 20.72525, "volume": 695392, "typical_volume": 1038954.65, "trend": 19.533513, "fair_value": 20.398772, "relative_strength": -6.283793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.88003, "energy": 88.010307, "activity_lines": [ 20.539145, 20.264828, 19.883217, 19.691632 ] }, { "date": "2024-08-30", "close": 20.501897, "volume": 870385, "typical_volume": 1010447.2, "trend": 19.556091, "fair_value": 20.377323, "relative_strength": -7.250494, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.105699, "energy": 74.600153, "activity_lines": [ 20.563009, 20.346152, 19.973394, 19.754109 ] }, { "date": "2024-09-06", "close": 20.967215, "volume": 782613, "typical_volume": 925974.5, "trend": 19.606003, "fair_value": 20.358659, "relative_strength": -0.839446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.923001, "energy": 81.519754, "activity_lines": [ 20.696883, 20.497246, 20.100275, 19.845149 ] }, { "date": "2024-09-13", "close": 21.10681, "volume": 1540504, "typical_volume": 950965.85, "trend": 19.665417, "fair_value": 20.34117, "relative_strength": -3.775761, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.37321, "energy": 86.545461, "activity_lines": [ 20.858689, 20.646063, 20.229575, 19.941975 ] }, { "date": "2024-09-20", "close": 21.00444, "volume": 1111519, "typical_volume": 944363.8, "trend": 19.720191, "fair_value": 20.323336, "relative_strength": -5.273957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.375087, "energy": 62.556831, "activity_lines": [ 20.938675, 20.749936, 20.337149, 20.028364 ] }, { "date": "2024-09-27", "close": 20.976783, "volume": 1746492, "typical_volume": 1000858.15, "trend": 19.768872, "fair_value": 20.306217, "relative_strength": -5.634498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.619677, "energy": 60.799893, "activity_lines": [ 20.977229, 20.827842, 20.432349, 20.109434 ] }, { "date": "2024-10-04", "close": 20.528681, "volume": 1054878, "typical_volume": 1031549.55, "trend": 19.793189, "fair_value": 20.287486, "relative_strength": -7.613583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.454631, "energy": 51.182878, "activity_lines": [ 20.849646, 20.801991, 20.475482, 20.158454 ] }, { "date": "2024-10-11", "close": 20.323301, "volume": 1168762, "typical_volume": 1045772.45, "trend": 19.827082, "fair_value": 20.266643, "relative_strength": -9.246407, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.861762, "energy": 32.848577, "activity_lines": [ 20.651818, 20.726011, 20.492805, 20.192655 ] }, { "date": "2024-10-18", "close": 20.341972, "volume": 1444347, "typical_volume": 1089205.65, "trend": 19.854595, "fair_value": 20.246582, "relative_strength": -9.623584, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.080914, "energy": 23.759835, "activity_lines": [ 20.503141, 20.660061, 20.506107, 20.225874 ] }, { "date": "2024-10-25", "close": 20.033658, "volume": 805728, "typical_volume": 1089004.8, "trend": 19.87, "fair_value": 20.223019, "relative_strength": -9.733654, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.379732, "energy": 22.283794, "activity_lines": [ 20.302682, 20.538951, 20.483982, 20.237426 ] }, { "date": "2024-11-01", "close": 19.780779, "volume": 1053296, "typical_volume": 1105612.25, "trend": 19.888876, "fair_value": 20.196431, "relative_strength": -9.27294, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.666288, "energy": 28.781554, "activity_lines": [ 20.082648, 20.380729, 20.4341, 20.23167 ] }, { "date": "2024-11-08", "close": 20.071122, "volume": 1910358, "typical_volume": 1167828.45, "trend": 19.927805, "fair_value": 20.173273, "relative_strength": -11.743121, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.610777, "energy": 25.120333, "activity_lines": [ 20.03913, 20.292469, 20.41177, 20.243428 ] }, { "date": "2024-11-15", "close": 19.715217, "volume": 1941255, "typical_volume": 1199886.0, "trend": 19.962194, "fair_value": 20.147394, "relative_strength": -11.104514, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.037019, "energy": 44.356239, "activity_lines": [ 19.90748, 20.147331, 20.353711, 20.229712 ] }, { "date": "2024-11-22", "close": 19.799542, "volume": 1202532, "typical_volume": 1229775.45, "trend": 20.00246, "fair_value": 20.121245, "relative_strength": -11.828296, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.125636, "energy": 52.293092, "activity_lines": [ 19.844477, 20.040288, 20.302401, 20.219219 ] }, { "date": "2024-11-29", "close": 20.288187, "volume": 438254, "typical_volume": 1208508.55, "trend": 20.046768, "fair_value": 20.096198, "relative_strength": -10.326227, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.012806, "energy": 22.805147, "activity_lines": [ 19.980518, 20.045859, 20.296958, 20.237652 ] }, { "date": "2024-12-06", "close": 20.447937, "volume": 1109567, "typical_volume": 1216207.3, "trend": 20.094869, "fair_value": 20.074069, "relative_strength": -10.009069, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 6.519928, "energy": 10.029886, "activity_lines": [ 20.152841, 20.093498, 20.304656, 20.263534 ] }, { "date": "2024-12-13", "close": 19.968688, "volume": 581962, "typical_volume": 1198523.7, "trend": 20.119953, "fair_value": 20.048045, "relative_strength": -11.141002, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.050075, "energy": 7.082153, "activity_lines": [ 20.120937, 20.063615, 20.263392, 20.255394 ] }, { "date": "2024-12-20", "close": 19.704702, "volume": 1323763, "typical_volume": 1175933.05, "trend": 20.139927, "fair_value": 20.021445, "relative_strength": -10.246824, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.039549, "energy": 16.046145, "activity_lines": [ 20.007866, 19.995918, 20.196305, 20.228603 ] }, { "date": "2024-12-27", "close": 19.572708, "volume": 1420324, "typical_volume": 1140855.25, "trend": 20.156729, "fair_value": 19.99423, "relative_strength": -10.972407, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -43.784037, "energy": 39.186723, "activity_lines": [ 19.851498, 19.915468, 20.121331, 20.192008 ] }, { "date": "2025-01-03", "close": 19.591565, "volume": 2256850, "typical_volume": 1222939.05, "trend": 20.167708, "fair_value": 19.970533, "relative_strength": -9.981014, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.734209, "energy": 71.629486, "activity_lines": [ 19.716538, 19.852434, 20.052051, 20.155546 ] }, { "date": "2025-01-10", "close": 19.355862, "volume": 1967786, "typical_volume": 1286558.75, "trend": 20.154242, "fair_value": 19.945298, "relative_strength": -8.885453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.265534, "energy": 80.903354, "activity_lines": [ 19.549452, 19.754582, 19.96475, 20.103169 ] }, { "date": "2025-01-17", "close": 19.619849, "volume": 1386425, "typical_volume": 1312360.75, "trend": 20.152032, "fair_value": 19.921569, "relative_strength": -9.90328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.637239, "energy": 72.448723, "activity_lines": [ 19.543167, 19.712454, 19.909111, 20.068692 ] }, { "date": "2025-01-24", "close": 19.63861, "volume": 1136918, "typical_volume": 1330076.0, "trend": 20.158454, "fair_value": 19.897957, "relative_strength": -10.976951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.675643, "energy": 62.841815, "activity_lines": [ 19.566391, 19.681942, 19.85946, 20.035568 ] }, { "date": "2025-01-31", "close": 19.808887, "volume": 2276551, "typical_volume": 1366878.35, "trend": 20.163462, "fair_value": 19.877039, "relative_strength": -8.91569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.737034, "energy": 40.020097, "activity_lines": [ 19.650781, 19.683783, 19.832352, 20.013016 ] }, { "date": "2025-02-07", "close": 19.950784, "volume": 1186786, "typical_volume": 1370641.7, "trend": 20.166727, "fair_value": 19.857631, "relative_strength": -7.801845, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.221623, "energy": 22.046726, "activity_lines": [ 19.766724, 19.711253, 19.824938, 19.999294 ] }, { "date": "2025-02-14", "close": 19.912945, "volume": 1359737, "typical_volume": 1351303.95, "trend": 20.172122, "fair_value": 19.838225, "relative_strength": -9.007671, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.075796, "energy": 20.596669, "activity_lines": [ 19.846106, 19.737977, 19.818939, 19.982921 ] }, { "date": "2025-02-21", "close": 20.026463, "volume": 578086, "typical_volume": 1327464.35, "trend": 20.178823, "fair_value": 19.820055, "relative_strength": -6.738806, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.434726, "energy": 19.245086, "activity_lines": [ 19.926189, 19.795069, 19.828816, 19.973524 ] }, { "date": "2025-02-28", "close": 20.529497, "volume": 1191123, "typical_volume": 1328582.4, "trend": 20.173532, "fair_value": 19.802658, "relative_strength": -3.261985, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.982018, "energy": 26.502259, "activity_lines": [ 20.146842, 19.94257, 19.888993, 19.996148 ] }, { "date": "2025-03-07", "close": 20.320691, "volume": 1957496, "typical_volume": 1354239.85, "trend": 20.171176, "fair_value": 19.787036, "relative_strength": -1.001879, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.62464, "energy": 27.629144, "activity_lines": [ 20.2385, 20.037111, 19.928302, 20.005642 ] }, { "date": "2025-03-14", "close": 20.320691, "volume": 1205962, "typical_volume": 1374251.55, "trend": 20.164491, "fair_value": 19.773233, "relative_strength": 1.420642, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.209064, "energy": 33.39565, "activity_lines": [ 20.296039, 20.118052, 19.967712, 20.015288 ] }, { "date": "2025-03-21", "close": 20.434585, "volume": 831685, "typical_volume": 1363171.0, "trend": 20.154802, "fair_value": 19.763888, "relative_strength": 1.564736, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.870369, "energy": 46.204263, "activity_lines": [ 20.366881, 20.206444, 20.016602, 20.032714 ] }, { "date": "2025-03-28", "close": 20.397215, "volume": 1131695, "typical_volume": 1324237.85, "trend": 20.151313, "fair_value": 19.7524, "relative_strength": 2.962651, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.060255, "energy": 35.608827, "activity_lines": [ 20.390491, 20.268429, 20.05882, 20.048353 ] }, { "date": "2025-04-04", "close": 20.87334, "volume": 1358873, "typical_volume": 1295118.75, "trend": 20.148184, "fair_value": 19.748637, "relative_strength": 15.636219, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.845832, "energy": 50.892888, "activity_lines": [ 20.548093, 20.402848, 20.144831, 20.094936 ] }, { "date": "2025-04-11", "close": 20.063927, "volume": 2899982, "typical_volume": 1379991.25, "trend": 20.113421, "fair_value": 19.741333, "relative_strength": 5.180019, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.444565, "energy": 21.091734, "activity_lines": [ 20.412967, 20.367651, 20.148239, 20.0895 ] }, { "date": "2025-04-18", "close": 20.292467, "volume": 713457, "typical_volume": 1393751.4, "trend": 20.089689, "fair_value": 19.736457, "relative_strength": 7.880164, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 49.188439, "energy": 26.44184, "activity_lines": [ 20.371139, 20.36937, 20.172154, 20.101051 ] }, { "date": "2025-04-25", "close": 20.372281, "volume": 1144246, "typical_volume": 1395485.35, "trend": 20.069538, "fair_value": 19.732184, "relative_strength": 3.541262, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.425489, "energy": 20.741893, "activity_lines": [ 20.357797, 20.379388, 20.203651, 20.119283 ] }, { "date": "2025-05-02", "close": 20.429614, "volume": 637997, "typical_volume": 1398287.1, "trend": 20.066236, "fair_value": 19.7319, "relative_strength": 0.961184, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.294137, "energy": 16.968655, "activity_lines": [ 20.367719, 20.391478, 20.240967, 20.142514 ] }, { "date": "2025-05-09", "close": 20.190727, "volume": 561068, "typical_volume": 1360152.35, "trend": 20.061817, "fair_value": 19.727625, "relative_strength": 0.271941, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.692583, "energy": 14.073417, "activity_lines": [ 20.295853, 20.352805, 20.253338, 20.150545 ] }, { "date": "2025-05-16", "close": 20.171616, "volume": 670567, "typical_volume": 1322664.5, "trend": 20.056139, "fair_value": 19.723026, "relative_strength": -4.712911, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.761272, "energy": 11.979675, "activity_lines": [ 20.263124, 20.316816, 20.261574, 20.157629 ] }, { "date": "2025-05-23", "close": 19.973674, "volume": 729072, "typical_volume": 1246275.6, "trend": 20.054139, "fair_value": 19.717035, "relative_strength": -3.081944, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.695412, "energy": 7.470589, "activity_lines": [ 20.157235, 20.247548, 20.248107, 20.152309 ] }, { "date": "2025-05-30", "close": 20.242163, "volume": 682945, "typical_volume": 1182033.55, "trend": 20.069519, "fair_value": 19.714343, "relative_strength": -3.373632, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.234031, "energy": 9.775728, "activity_lines": [ 20.162095, 20.233406, 20.258391, 20.164439 ] }, { "date": "2025-06-06", "close": 20.088741, "volume": 1086595, "typical_volume": 1167042.05, "trend": 20.070106, "fair_value": 19.711608, "relative_strength": -5.513173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.712576, "energy": 9.246755, "activity_lines": [ 20.124489, 20.194868, 20.249842, 20.16568 ] }, { "date": "2025-06-13", "close": 20.309285, "volume": 580107, "typical_volume": 1139201.5, "trend": 20.089908, "fair_value": 19.711893, "relative_strength": -3.985238, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.745833, "energy": 8.587367, "activity_lines": [ 20.183123, 20.202037, 20.260065, 20.18111 ] }, { "date": "2025-06-20", "close": 20.405174, "volume": 739709, "typical_volume": 1062359.4, "trend": 20.110096, "fair_value": 19.711747, "relative_strength": -3.258029, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.434849, "energy": 14.070064, "activity_lines": [ 20.265816, 20.236896, 20.276226, 20.20145 ] }, { "date": "2025-06-27", "close": 20.541556, "volume": 4739559, "typical_volume": 1239998.05, "trend": 20.118541, "fair_value": 19.710453, "relative_strength": -5.737312, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.323086, "energy": 22.487295, "activity_lines": [ 20.378398, 20.290347, 20.302537, 20.229286 ] }, { "date": "2025-07-04", "close": 20.474207, "volume": 2576340, "typical_volume": 1300828.2, "trend": 20.119417, "fair_value": 19.710334, "relative_strength": -7.455557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.746847, "energy": 27.989512, "activity_lines": [ 20.430673, 20.327024, 20.31962, 20.252233 ] }, { "date": "2025-07-11", "close": 20.262538, "volume": 1707926, "typical_volume": 1357320.2, "trend": 20.129212, "fair_value": 19.706888, "relative_strength": -7.989619, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.09402, "energy": 29.04119, "activity_lines": [ 20.396921, 20.323363, 20.313872, 20.261466 ] }, { "date": "2025-07-18", "close": 20.28178, "volume": 1183719, "typical_volume": 1356950.0, "trend": 20.148448, "fair_value": 19.702964, "relative_strength": -8.278247, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.781904, "energy": 22.910047, "activity_lines": [ 20.357997, 20.326238, 20.308832, 20.271309 ] }, { "date": "2025-07-25", "close": 20.399411, "volume": 1194536, "typical_volume": 1318802.0, "trend": 20.176005, "fair_value": 19.699406, "relative_strength": -8.883719, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.478672, "energy": 18.591731, "activity_lines": [ 20.360117, 20.348845, 20.316174, 20.2875 ] }, { "date": "2025-08-01", "close": 20.727656, "volume": 696526, "typical_volume": 1293330.2, "trend": 20.213875, "fair_value": 19.698035, "relative_strength": -4.816574, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.228834, "energy": 26.678559, "activity_lines": [ 20.472036, 20.426991, 20.354404, 20.323091 ] }, { "date": "2025-08-08", "close": 20.684212, "volume": 603360, "typical_volume": 1281913.95, "trend": 20.258153, "fair_value": 19.697385, "relative_strength": -7.000452, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.438935, "energy": 40.631454, "activity_lines": [ 20.557068, 20.483529, 20.386557, 20.353435 ] }, { "date": "2025-08-15", "close": 20.597323, "volume": 692236, "typical_volume": 1259941.0, "trend": 20.290735, "fair_value": 19.697344, "relative_strength": -8.014903, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.259904, "energy": 54.27763, "activity_lines": [ 20.599136, 20.516232, 20.409247, 20.375317 ] }, { "date": "2025-08-22", "close": 20.720909, "volume": 698248, "typical_volume": 1226909.75, "trend": 20.326812, "fair_value": 19.69899, "relative_strength": -7.464357, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.079067, "energy": 63.688398, "activity_lines": [ 20.66008, 20.562158, 20.442754, 20.40307 ] }, { "date": "2025-08-29", "close": 20.798407, "volume": 617428, "typical_volume": 1112782.05, "trend": 20.359796, "fair_value": 19.703051, "relative_strength": -6.844362, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.714388, "energy": 65.263069, "activity_lines": [ 20.717581, 20.614691, 20.484368, 20.433496 ] }, { "date": "2025-09-05", "close": 21.137459, "volume": 1320378, "typical_volume": 1143128.1, "trend": 20.399352, "fair_value": 19.710063, "relative_strength": -5.297422, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.820926, "energy": 74.730914, "activity_lines": [ 20.861501, 20.72172, 20.554775, 20.483667 ] }, { "date": "2025-09-12", "close": 21.282767, "volume": 731184, "typical_volume": 1122475.0, "trend": 20.445013, "fair_value": 19.719147, "relative_strength": -5.82483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.999027, "energy": 83.000933, "activity_lines": [ 21.026536, 20.844334, 20.634997, 20.540662 ] }, { "date": "2025-09-19", "close": 21.156833, "volume": 1671623, "typical_volume": 1174156.3, "trend": 20.482692, "fair_value": 19.729875, "relative_strength": -7.238071, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.552526, "energy": 79.972926, "activity_lines": [ 21.109689, 20.92935, 20.698889, 20.586586 ] }, { "date": "2025-09-26", "close": 21.130164, "volume": 571788, "typical_volume": 1174692.3, "trend": 20.502714, "fair_value": 19.741853, "relative_strength": -6.819433, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.773136, "energy": 77.480311, "activity_lines": [ 21.146652, 20.993257, 20.756779, 20.628358 ] }, { "date": "2025-10-03", "close": 21.275956, "volume": 732881, "typical_volume": 1177808.0, "trend": 20.534556, "fair_value": 19.755266, "relative_strength": -6.979272, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.039624, "energy": 80.431383, "activity_lines": [ 21.204929, 21.068246, 20.82408, 20.678245 ] }, { "date": "2025-10-10", "close": 21.421749, "volume": 2121029, "typical_volume": 1247405.85, "trend": 20.571258, "fair_value": 19.771089, "relative_strength": -3.874552, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.464279, "energy": 72.61275, "activity_lines": [ 21.279966, 21.153806, 20.900008, 20.735483 ] }, { "date": "2025-10-17", "close": 21.543242, "volume": 509765, "typical_volume": 1238746.85, "trend": 20.608213, "fair_value": 19.790878, "relative_strength": -4.833979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.547649, "energy": 74.548257, "activity_lines": [ 21.376549, 21.248836, 20.98061, 20.798192 ] }, { "date": "2025-10-24", "close": 21.633012, "volume": 481253, "typical_volume": 1208479.75, "trend": 20.649406, "fair_value": 19.809346, "relative_strength": -6.089058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.48791, "energy": 84.169292, "activity_lines": [ 21.48569, 21.344569, 21.063567, 20.864308 ] }, { "date": "2025-10-31", "close": 21.413561, "volume": 561700, "typical_volume": 1207559.4, "trend": 20.667414, "fair_value": 19.82822, "relative_strength": -7.505668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.923662, "energy": 70.92253, "activity_lines": [ 21.489936, 21.381571, 21.11827, 20.913608 ] }, { "date": "2025-11-07", "close": 21.433068, "volume": 1096930, "typical_volume": 1225420.45, "trend": 20.713052, "fair_value": 19.844765, "relative_strength": -5.783632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.908685, "energy": 59.045732, "activity_lines": [ 21.48179, 21.409526, 21.169572, 20.963005 ] }, { "date": "2025-11-14", "close": 21.34041, "volume": 512572, "typical_volume": 1014071.1, "trend": 20.747983, "fair_value": 19.858402, "relative_strength": -6.202297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.522278, "energy": 48.694159, "activity_lines": [ 21.432285, 21.409095, 21.207155, 21.00348 ] }, { "date": "2025-11-21", "close": 21.552547, "volume": 1629406, "typical_volume": 966724.4, "trend": 20.787325, "fair_value": 19.871247, "relative_strength": -3.363635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.736134, "energy": 47.296549, "activity_lines": [ 21.458914, 21.443544, 21.261137, 21.055387 ] }, { "date": "2025-11-28", "close": 21.748301, "volume": 684772, "typical_volume": 915566.7, "trend": 20.831282, "fair_value": 19.883456, "relative_strength": -5.841283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.135986, "energy": 54.599903, "activity_lines": [ 21.550175, 21.50868, 21.328627, 21.117386 ] }, { "date": "2025-12-05", "close": 21.454669, "volume": 926672, "typical_volume": 902714.35, "trend": 20.873413, "fair_value": 19.893033, "relative_strength": -7.278508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.467386, "energy": 46.901097, "activity_lines": [ 21.535872, 21.509674, 21.361078, 21.157604 ] }, { "date": "2025-12-12", "close": 21.359239, "volume": 629272, "typical_volume": 874451.15, "trend": 20.913, "fair_value": 19.901215, "relative_strength": -7.046523, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.857137, "energy": 39.940308, "activity_lines": [ 21.487019, 21.487417, 21.378855, 21.188948 ] }, { "date": "2025-12-19", "close": 21.462376, "volume": 674454, "typical_volume": 873347.55, "trend": 20.962624, "fair_value": 19.912784, "relative_strength": -6.594071, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.637221, "energy": 35.496181, "activity_lines": [ 21.477466, 21.482399, 21.401883, 21.224391 ] }, { "date": "2025-12-26", "close": 21.511489, "volume": 415351, "typical_volume": 863947.1, "trend": 21.004935, "fair_value": 19.928111, "relative_strength": -7.587069, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.551404, "energy": 28.30549, "activity_lines": [ 21.476154, 21.485571, 21.426091, 21.259802 ] }, { "date": "2026-01-02", "close": 21.408352, "volume": 520459, "typical_volume": 855358.25, "trend": 21.048922, "fair_value": 19.939109, "relative_strength": -6.954993, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.337753, "energy": 22.042845, "activity_lines": [ 21.443199, 21.470568, 21.436536, 21.285829 ] }, { "date": "2026-01-09", "close": 21.511489, "volume": 2076266, "typical_volume": 924259.15, "trend": 21.088995, "fair_value": 19.949144, "relative_strength": -7.830738, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.360544, "energy": 26.739676, "activity_lines": [ 21.467287, 21.478402, 21.452943, 21.315672 ] }, { "date": "2026-01-16", "close": 21.494791, "volume": 1151810, "typical_volume": 950978.25, "trend": 21.125316, "fair_value": 19.959016, "relative_strength": -7.468162, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.14593, "energy": 29.004022, "activity_lines": [ 21.482021, 21.48142, 21.463994, 21.341852 ] }, { "date": "2026-01-23", "close": 21.494528, "volume": 636757, "typical_volume": 916797.2, "trend": 21.157082, "fair_value": 19.969111, "relative_strength": -7.063565, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.618999, "energy": 27.299862, "activity_lines": [ 21.487631, 21.483267, 21.471704, 21.365673 ] }, { "date": "2026-01-30", "close": 21.460026, "volume": 724092, "typical_volume": 916442.6, "trend": 21.189942, "fair_value": 19.97932, "relative_strength": -7.458842, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.078293, "energy": 26.648583, "activity_lines": [ 21.479596, 21.47604, 21.474427, 21.385217 ] }, { "date": "2026-02-06", "close": 21.598032, "volume": 1043384, "typical_volume": 885030.65, "trend": 21.234459, "fair_value": 19.992352, "relative_strength": -6.557043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.485038, "energy": 31.347306, "activity_lines": [ 21.520995, 21.495586, 21.48945, 21.411546 ] }, { "date": "2026-02-13", "close": 21.967693, "volume": 583791, "typical_volume": 885630.8, "trend": 21.290656, "fair_value": 20.008357, "relative_strength": -3.675767, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.321173, "energy": 64.446841, "activity_lines": [ 21.672968, 21.585076, 21.537578, 21.458851 ] }, { "date": "2026-02-20", "close": 21.940585, "volume": 314906, "typical_volume": 864732.05, "trend": 21.342028, "fair_value": 20.025241, "relative_strength": -4.759702, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.702107, "energy": 76.958501, "activity_lines": [ 21.785492, 21.660309, 21.579136, 21.500782 ] }, { "date": "2026-02-27", "close": 22.177994, "volume": 995418, "typical_volume": 808451.5, "trend": 21.390373, "fair_value": 20.044041, "relative_strength": -3.099962, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.918932, "energy": 88.643456, "activity_lines": [ 21.947432, 21.768138, 21.64014, 21.554715 ] }, { "date": "2026-03-06", "close": 21.767474, "volume": 1281388, "typical_volume": 847032.65, "trend": 21.426482, "fair_value": 20.056977, "relative_strength": -2.782287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.748284, "energy": 66.520718, "activity_lines": [ 21.926968, 21.788316, 21.658445, 21.579045 ] }, { "date": "2026-03-13", "close": 21.405226, "volume": 880729, "typical_volume": 867006.45, "trend": 21.453412, "fair_value": 20.064609, "relative_strength": -2.707231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.999253, "energy": 28.43296, "activity_lines": [ 21.765258, 21.737975, 21.641182, 21.577673 ] }, { "date": "2026-03-20", "close": 21.218464, "volume": 998201, "typical_volume": 888831.5, "trend": 21.469997, "fair_value": 20.07132, "relative_strength": -1.564555, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.020251, "energy": 8.565598, "activity_lines": [ 21.554148, 21.653735, 21.607218, 21.562515 ] }, { "date": "2026-03-27", "close": 21.097179, "volume": 955897, "typical_volume": 881779.85, "trend": 21.479956, "fair_value": 20.077861, "relative_strength": 0.331744, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.800227, "energy": 27.646742, "activity_lines": [ 21.352558, 21.552771, 21.562631, 21.538463 ] }, { "date": "2026-04-03", "close": 21.414877, "volume": 1896393, "typical_volume": 950970.9, "trend": 21.489203, "fair_value": 20.0838, "relative_strength": -1.009159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.156261, "energy": 25.594638, "activity_lines": [ 21.313095, 21.5168, 21.549901, 21.534264 ] }, { "date": "2026-04-10", "close": 21.45459, "volume": 1085076, "typical_volume": 923754.4, "trend": 21.494931, "fair_value": 20.092815, "relative_strength": -3.914315, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.490643, "energy": 19.300787, "activity_lines": [ 21.337743, 21.489497, 21.540598, 21.532031 ] }, { "date": "2026-04-17", "close": 21.702792, "volume": 585747, "typical_volume": 918803.15, "trend": 21.513129, "fair_value": 20.103985, "relative_strength": -6.540884, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.256342, "energy": 5.868857, "activity_lines": [ 21.465985, 21.507421, 21.555401, 21.545441 ] }, { "date": "2026-04-24", "close": 21.583049, "volume": 554056, "typical_volume": 900172.35, "trend": 21.528225, "fair_value": 20.113313, "relative_strength": -7.158611, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.798742, "energy": 6.328058, "activity_lines": [ 21.534474, 21.501669, 21.559015, 21.549952 ] }, { "date": "2026-05-01", "close": 21.444059, "volume": 659198, "typical_volume": 901668.65, "trend": 21.533829, "fair_value": 20.121582, "relative_strength": -8.252153, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.419332, "energy": 6.290249, "activity_lines": [ 21.532328, 21.477639, 21.548782, 21.544522 ] }, { "date": "2026-05-08", "close": 21.444059, "volume": 514229, "typical_volume": 893657.4, "trend": 21.534572, "fair_value": 20.12951, "relative_strength": -9.983128, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.510552, "energy": 3.572478, "activity_lines": [ 21.507057, 21.462637, 21.538144, 21.538731 ] }, { "date": "2026-05-15", "close": 20.937741, "volume": 734564, "typical_volume": 909618.05, "trend": 21.514389, "fair_value": 20.137586, "relative_strength": -11.97778, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.898545, "energy": 34.089714, "activity_lines": [ 21.311067, 21.368921, 21.479373, 21.500225 ] }, { "date": "2026-05-22", "close": 21.064212, "volume": 1165457, "typical_volume": 941867.95, "trend": 21.495429, "fair_value": 20.147153, "relative_strength": -11.864974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.942056, "energy": 43.114147, "activity_lines": [ 21.191691, 21.313286, 21.435379, 21.471182 ] }, { "date": "2026-05-29", "close": 21.422921, "volume": 888102, "typical_volume": 882459.75, "trend": 21.495741, "fair_value": 20.157488, "relative_strength": -11.30696, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.984043, "energy": 36.505158, "activity_lines": [ 21.234457, 21.329071, 21.427187, 21.466504 ] }, { "date": "2026-06-05", "close": 21.094104, "volume": 1229202, "typical_volume": 886329.35, "trend": 21.484442, "fair_value": 20.165771, "relative_strength": -10.139248, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.718931, "energy": 46.408862, "activity_lines": [ 21.178292, 21.281354, 21.3881, 21.440592 ] }, { "date": "2026-06-12", "close": 21.293387, "volume": 732702, "typical_volume": 891126.6, "trend": 21.482875, "fair_value": 20.175304, "relative_strength": -9.492093, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.879861, "energy": 29.555516, "activity_lines": [ 21.211885, 21.269926, 21.3699, 21.428265 ] }, { "date": "2026-06-19", "close": 21.304478, "volume": 933291, "typical_volume": 901586.55, "trend": 21.474606, "fair_value": 20.184852, "relative_strength": -9.941893, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.953159, "energy": 20.071049, "activity_lines": [ 21.25922, 21.262724, 21.353715, 21.416756 ] }, { "date": "2026-06-26", "close": 21.50069, "volume": 874795, "typical_volume": 893157.1, "trend": 21.466352, "fair_value": 20.19614, "relative_strength": -6.656881, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.061377, "energy": 12.282657, "activity_lines": [ 21.34751, 21.293926, 21.356957, 21.418439 ] }, { "date": "2026-07-03", "close": 21.261572, "volume": 1230395, "typical_volume": 925487.3, "trend": 21.459916, "fair_value": 20.208626, "relative_strength": -9.400751, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.214748, "energy": 13.921064, "activity_lines": [ 21.326995, 21.285326, 21.33789, 21.405227 ] }, { "date": "2026-07-10", "close": 21.142013, "volume": 1163625, "typical_volume": 967923.25, "trend": 21.452675, "fair_value": 20.217672, "relative_strength": -10.860159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.411635, "energy": 16.983966, "activity_lines": [ 21.277384, 21.260834, 21.310799, 21.384717 ] }, { "date": "2026-07-17", "close": 21.211756, "volume": 638746, "typical_volume": 950089.65, "trend": 21.444321, "fair_value": 20.227506, "relative_strength": -8.932539, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.83534, "energy": 20.216955, "activity_lines": [ 21.247827, 21.254513, 21.294152, 21.369174 ] }, { "date": "2026-07-24", "close": 20.88, "volume": 794905, "typical_volume": 925765.5, "trend": 21.423271, "fair_value": 20.237097, "relative_strength": -9.599577, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.887516, "energy": 43.025823, "activity_lines": [ 21.113126, 21.192097, 21.250511, 21.332766 ] }, { "date": "2026-07-31", "close": 20.85, "volume": 823165, "typical_volume": 922887.3, "trend": 21.404659, "fair_value": 20.248691, "relative_strength": -10.38865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.712937, "energy": 49.788777, "activity_lines": [ 20.996724, 21.125277, 21.208239, 21.295781 ] }, { "date": "2026-08-07", "close": 21.011, "volume": 1178394, "typical_volume": 931896.95, "trend": 21.387976, "fair_value": 20.260947, "relative_strength": -12.454548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.401885, "energy": 47.371429, "activity_lines": [ 20.977368, 21.091624, 21.183944, 21.270384 ] } ], "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." } } }