{ "ticker": { "uuid": "ce9d8156-6c24-415d-892c-9958387dd114", "symbol": "BNS", "name": "Bank of Nova Scotia", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.481, "architecture_energy": 65.88, "architecture_maturity": 51.315, "architecture_confidence": 93.687, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 14.28, "rotation_up": 61.24, "upward_expansion": 85.33, "deceleration": 61.06, "rotation_down": 23.31, "downward_expansion": 12.0 }, "activity_lines": [ 88.185333, 87.189535, 84.043742, 81.170535 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 88.85, "trend_reference": 78.088473, "distance_from_trend": 0.137812, "trend_direction": "Improving", "fair_value": 54.076542, "distance_from_fair_value": 0.643041, "fair_value_direction": "Improving", "relative_strength": 9.743474, "relative_strength_direction": "Improving", "price_momentum": 0.177029, "excess_performance": 0.051405, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.137812, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076536, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.643041, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.105731, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.097435, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.022422, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.177029, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.554445, "read": "Demand-led" } ], "volume": { "latest": 11879428, "relative_activity": 0.93427, "balance": 1.554445, "dry_up": 0.891812, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.034828, "annualized_volatility": 0.194577, "from_high_reference": -0.017906, "from_low_reference": 0.644582 }, "levels": { "trend_reference": 78.088473, "fair_value_reference": 54.076542, "structural_low": 66.30049, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.025115, "positive_rate": 0.821429, "directional_follow_through": 0.821429, "median_excess_return": 0.006468, "regime_survival": 0.857143, "best_return": 0.126623, "worst_return": -0.100526, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.014682, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.011401, "regime_survival": 0.555556, "best_return": 0.178862, "worst_return": -0.131675, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.006003, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.06482, "regime_survival": 0.4, "best_return": 0.363068, "worst_return": -0.086329, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.160082, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.036436, "regime_survival": 0.333333, "best_return": 0.582262, "worst_return": -0.170659, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-22", "end": "2024-01-26", "tenure": "Developing", "return": -0.012116, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-02", "end": "2024-04-26", "tenure": "Established", "return": 0.008401, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-06-21", "tenure": "Developing", "return": -0.036926, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": 0.039753, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-08-30", "tenure": "Developing", "return": 0.088133, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-09-13", "tenure": "New", "return": 0.030495, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2024-12-27", "tenure": "Established", "return": 0.008956, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-28", "tenure": "Developing", "return": -0.057199, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.008068, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.089364, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.050776, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2026-03-13", "tenure": "Extended", "return": 0.271271, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.123655, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.139103, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 38.335681, "volume": 5553691, "typical_volume": 6037800.85, "trend": 40.948713, "fair_value": 43.804169, "relative_strength": -13.020483, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.943847, "energy": 44.865874, "activity_lines": [ 39.806631, 40.304032, 40.471301, 40.560977 ] }, { "date": "2023-08-25", "close": 37.994439, "volume": 6399201, "typical_volume": 6105084.7, "trend": 40.781409, "fair_value": 43.852852, "relative_strength": -14.046533, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.188826, "energy": 66.14543, "activity_lines": [ 38.989868, 39.852315, 40.21907, 40.370379 ] }, { "date": "2023-09-01", "close": 40.066863, "volume": 6888976, "typical_volume": 6170123.35, "trend": 40.644726, "fair_value": 43.919268, "relative_strength": -11.249476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.153438, "energy": 58.065003, "activity_lines": [ 39.153554, 39.833616, 40.178428, 40.324279 ] }, { "date": "2023-09-08", "close": 38.718539, "volume": 6111965, "typical_volume": 6156826.95, "trend": 40.452878, "fair_value": 43.978837, "relative_strength": -12.755418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.798152, "energy": 62.034918, "activity_lines": [ 38.966009, 39.555983, 40.018362, 40.200009 ] }, { "date": "2023-09-15", "close": 40.316552, "volume": 6884861, "typical_volume": 6203255.8, "trend": 40.340655, "fair_value": 44.050491, "relative_strength": -8.694899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.112487, "energy": 29.093197, "activity_lines": [ 39.398804, 39.610158, 40.022543, 40.191214 ] }, { "date": "2023-09-22", "close": 39.093073, "volume": 6204480, "typical_volume": 6114705.9, "trend": 40.233371, "fair_value": 44.118301, "relative_strength": -8.463131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.611826, "energy": 24.345013, "activity_lines": [ 39.401024, 39.437494, 39.912892, 40.110725 ] }, { "date": "2023-09-29", "close": 38.598688, "volume": 9454861, "typical_volume": 6344956.75, "trend": 40.135427, "fair_value": 44.176787, "relative_strength": -8.724532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.276123, "energy": 30.785415, "activity_lines": [ 39.187955, 39.211562, 39.76514, 40.005262 ] }, { "date": "2023-10-06", "close": 37.69092, "volume": 15434896, "typical_volume": 6873401.35, "trend": 40.11346, "fair_value": 44.222216, "relative_strength": -11.001357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.509337, "energy": 37.614044, "activity_lines": [ 38.632014, 38.888589, 39.538566, 39.847551 ] }, { "date": "2023-10-13", "close": 37.682247, "volume": 6389968, "typical_volume": 6849251.85, "trend": 40.080716, "fair_value": 44.269278, "relative_strength": -11.095734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.77933, "energy": 59.650139, "activity_lines": [ 38.231578, 38.634022, 39.323825, 39.690699 ] }, { "date": "2023-10-20", "close": 35.843666, "volume": 9596928, "typical_volume": 7091943.0, "trend": 39.983188, "fair_value": 44.300354, "relative_strength": -13.067334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.281299, "energy": 75.804512, "activity_lines": [ 37.287368, 38.087919, 38.945898, 39.417341 ] }, { "date": "2023-10-27", "close": 34.629508, "volume": 10131494, "typical_volume": 7404835.3, "trend": 39.783061, "fair_value": 44.33264, "relative_strength": -13.581559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.950855, "energy": 85.517968, "activity_lines": [ 36.236632, 37.396181, 38.475508, 39.071942 ] }, { "date": "2023-11-03", "close": 37.552159, "volume": 8908583, "typical_volume": 7597611.4, "trend": 39.66881, "fair_value": 44.375672, "relative_strength": -11.143031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.738939, "energy": 71.292468, "activity_lines": [ 36.457683, 37.303219, 38.311793, 38.928013 ] }, { "date": "2023-11-10", "close": 37.075168, "volume": 4983721, "typical_volume": 7499662.15, "trend": 39.506169, "fair_value": 44.402137, "relative_strength": -13.09403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.378191, "energy": 62.113905, "activity_lines": [ 36.589505, 37.131573, 38.119479, 38.760681 ] }, { "date": "2023-11-17", "close": 38.627555, "volume": 6703270, "typical_volume": 7467028.4, "trend": 39.418754, "fair_value": 44.428328, "relative_strength": -11.158712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.88981, "energy": 35.442641, "activity_lines": [ 37.27984, 37.296574, 38.085647, 38.703996 ] }, { "date": "2023-11-24", "close": 38.350034, "volume": 4349828, "typical_volume": 7331843.2, "trend": 39.334376, "fair_value": 44.445437, "relative_strength": -12.272256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.929673, "energy": 21.296101, "activity_lines": [ 37.814648, 37.41277, 38.036625, 38.635047 ] }, { "date": "2023-12-01", "close": 39.208617, "volume": 12815471, "typical_volume": 7700418.4, "trend": 39.27534, "fair_value": 44.455588, "relative_strength": -10.762131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.415109, "energy": 18.289292, "activity_lines": [ 38.468559, 37.720828, 38.077587, 38.626933 ] }, { "date": "2023-12-08", "close": 38.870387, "volume": 7838214, "typical_volume": 7749285.9, "trend": 39.230969, "fair_value": 44.45919, "relative_strength": -11.409976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.0938, "energy": 20.322953, "activity_lines": [ 38.704452, 37.965288, 38.095378, 38.600807 ] }, { "date": "2023-12-15", "close": 40.20596, "volume": 13648301, "typical_volume": 8001167.3, "trend": 39.226201, "fair_value": 44.474275, "relative_strength": -10.249481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.663285, "energy": 25.523843, "activity_lines": [ 39.297655, 38.447639, 38.256884, 38.66371 ] }, { "date": "2023-12-22", "close": 41.411445, "volume": 9496218, "typical_volume": 8124608.25, "trend": 39.267078, "fair_value": 44.49558, "relative_strength": -8.11654, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.067801, "energy": 41.031713, "activity_lines": [ 40.083966, 39.103442, 38.53955, 38.804693 ] }, { "date": "2023-12-29", "close": 42.226665, "volume": 8301746, "typical_volume": 8304833.65, "trend": 39.317654, "fair_value": 44.519601, "relative_strength": -6.361753, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.148797, "energy": 59.809975, "activity_lines": [ 40.956425, 39.839663, 38.893295, 38.995635 ] }, { "date": "2024-01-05", "close": 41.853307, "volume": 8778950, "typical_volume": 8466096.6, "trend": 39.360153, "fair_value": 44.540249, "relative_strength": -5.416026, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.463278, "energy": 66.87446, "activity_lines": [ 41.445989, 40.391946, 39.200762, 39.159225 ] }, { "date": "2024-01-12", "close": 41.368281, "volume": 10347184, "typical_volume": 8663495.75, "trend": 39.369557, "fair_value": 44.550341, "relative_strength": -7.866799, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.462798, "energy": 63.449466, "activity_lines": [ 41.597565, 40.724701, 39.445285, 39.288782 ] }, { "date": "2024-01-19", "close": 40.72452, "volume": 11656033, "typical_volume": 8901848.6, "trend": 39.416751, "fair_value": 44.559313, "relative_strength": -9.967872, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.56281, "energy": 53.421996, "activity_lines": [ 41.368028, 40.871024, 39.612431, 39.376199 ] }, { "date": "2024-01-26", "close": 40.909712, "volume": 8179084, "typical_volume": 9005204.55, "trend": 39.414145, "fair_value": 44.575068, "relative_strength": -10.044912, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.134492, "energy": 41.042695, "activity_lines": [ 41.165651, 40.984667, 39.794083, 39.472519 ] }, { "date": "2024-02-02", "close": 41.350644, "volume": 10411904, "typical_volume": 9181556.7, "trend": 39.456661, "fair_value": 44.586435, "relative_strength": -9.885546, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.044588, "energy": 38.386852, "activity_lines": [ 41.1437, 41.136985, 40.007295, 39.597454 ] }, { "date": "2024-02-09", "close": 41.447649, "volume": 10008302, "typical_volume": 9371747.8, "trend": 39.468008, "fair_value": 44.593474, "relative_strength": -10.389451, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.758429, "energy": 33.097512, "activity_lines": [ 41.212485, 41.252384, 40.224821, 39.725905 ] }, { "date": "2024-02-16", "close": 41.765121, "volume": 11246572, "typical_volume": 9461333.35, "trend": 39.448877, "fair_value": 44.599079, "relative_strength": -8.917533, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.628794, "energy": 40.507273, "activity_lines": [ 41.414138, 41.384796, 40.46137, 39.874106 ] }, { "date": "2024-02-23", "close": 41.96795, "volume": 8545152, "typical_volume": 9116846.15, "trend": 39.463141, "fair_value": 44.598492, "relative_strength": -9.490169, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.628294, "energy": 48.414195, "activity_lines": [ 41.656945, 41.501454, 40.702158, 40.036627 ] }, { "date": "2024-03-01", "close": 42.911545, "volume": 10918169, "typical_volume": 9343256.2, "trend": 39.559073, "fair_value": 44.590354, "relative_strength": -7.956777, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.158538, "energy": 66.447682, "activity_lines": [ 42.131389, 41.757639, 41.012445, 40.259104 ] }, { "date": "2024-03-08", "close": 44.207886, "volume": 11919321, "typical_volume": 9459375.85, "trend": 39.700159, "fair_value": 44.579518, "relative_strength": -4.674271, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.072905, "energy": 81.690753, "activity_lines": [ 42.90449, 42.222247, 41.421292, 40.559028 ] }, { "date": "2024-03-15", "close": 43.916871, "volume": 8954165, "typical_volume": 9400509.4, "trend": 39.886199, "fair_value": 44.569915, "relative_strength": -4.956705, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.221662, "energy": 85.753775, "activity_lines": [ 43.390104, 42.597922, 41.762593, 40.831074 ] }, { "date": "2024-03-22", "close": 44.287254, "volume": 6438937, "typical_volume": 9277027.1, "trend": 40.09596, "fair_value": 44.561299, "relative_strength": -5.96003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.4502, "energy": 87.427098, "activity_lines": [ 43.834563, 43.003419, 42.094943, 41.115013 ] }, { "date": "2024-03-29", "close": 45.662963, "volume": 8339098, "typical_volume": 9444795.95, "trend": 40.282496, "fair_value": 44.562843, "relative_strength": -3.107262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.185896, "energy": 92.630015, "activity_lines": [ 44.569451, 43.605973, 42.526242, 41.474174 ] }, { "date": "2024-04-05", "close": 44.742985, "volume": 10362538, "typical_volume": 9627759.35, "trend": 40.483311, "fair_value": 44.557263, "relative_strength": -3.895749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.768776, "energy": 81.604887, "activity_lines": [ 44.751344, 43.951469, 42.829029, 41.761948 ] }, { "date": "2024-04-12", "close": 43.157815, "volume": 14336703, "typical_volume": 10127103.1, "trend": 40.57802, "fair_value": 44.543486, "relative_strength": -5.546509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.168647, "energy": 55.805791, "activity_lines": [ 44.282752, 43.939056, 42.951727, 41.934496 ] }, { "date": "2024-04-19", "close": 41.85923, "volume": 9176871, "typical_volume": 9945173.1, "trend": 40.670225, "fair_value": 44.519327, "relative_strength": -5.139076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.194376, "energy": 34.540902, "activity_lines": [ 43.451303, 43.657679, 42.927856, 42.017155 ] }, { "date": "2024-04-26", "close": 41.698026, "volume": 8475481, "typical_volume": 9977036.45, "trend": 40.773536, "fair_value": 44.48866, "relative_strength": -7.587365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.129807, "energy": 21.782677, "activity_lines": [ 42.703295, 43.339509, 42.87601, 42.083465 ] }, { "date": "2024-05-03", "close": 41.957743, "volume": 8796964, "typical_volume": 9734469.6, "trend": 40.915764, "fair_value": 44.451471, "relative_strength": -7.186919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.161862, "energy": 24.906628, "activity_lines": [ 42.214475, 43.06978, 42.835434, 42.159865 ] }, { "date": "2024-05-10", "close": 43.005567, "volume": 5523991, "typical_volume": 9535858.25, "trend": 41.093208, "fair_value": 44.419128, "relative_strength": -6.276466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.521776, "energy": 23.160839, "activity_lines": [ 42.321944, 42.99075, 42.886308, 42.294691 ] }, { "date": "2024-05-17", "close": 43.33693, "volume": 4553010, "typical_volume": 9348421.45, "trend": 41.342983, "fair_value": 44.390359, "relative_strength": -6.765861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.663355, "energy": 19.395876, "activity_lines": [ 42.655695, 42.970258, 42.961151, 42.439448 ] }, { "date": "2024-05-24", "close": 42.790629, "volume": 7133186, "typical_volume": 9266133.25, "trend": 41.615021, "fair_value": 44.349808, "relative_strength": -7.610648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.998071, "energy": 9.815357, "activity_lines": [ 42.795405, 42.866275, 42.978677, 42.532844 ] }, { "date": "2024-05-31", "close": 42.38762, "volume": 10868870, "typical_volume": 9292217.55, "trend": 41.776203, "fair_value": 44.307, "relative_strength": -7.794339, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.664848, "energy": 14.075671, "activity_lines": [ 42.738686, 42.709494, 42.953359, 42.582689 ] }, { "date": "2024-06-07", "close": 42.056257, "volume": 7945556, "typical_volume": 9106693.7, "trend": 41.942239, "fair_value": 44.265063, "relative_strength": -9.312387, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.19618, "energy": 4.716899, "activity_lines": [ 42.525539, 42.527004, 42.891627, 42.600757 ] }, { "date": "2024-06-14", "close": 41.509955, "volume": 6982987, "typical_volume": 9046888.85, "trend": 42.038319, "fair_value": 44.233144, "relative_strength": -11.583732, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.767658, "energy": 14.28387, "activity_lines": [ 42.123723, 42.310763, 42.771526, 42.572868 ] }, { "date": "2024-06-21", "close": 40.408396, "volume": 8723981, "typical_volume": 8962492.7, "trend": 42.106931, "fair_value": 44.184339, "relative_strength": -14.141019, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.927351, "energy": 47.289249, "activity_lines": [ 41.454429, 41.953021, 42.543656, 42.467712 ] }, { "date": "2024-06-28", "close": 40.945742, "volume": 8108958, "typical_volume": 8867525.5, "trend": 42.164835, "fair_value": 44.139275, "relative_strength": -12.592593, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.757043, "energy": 54.040932, "activity_lines": [ 41.159486, 41.742968, 42.371449, 42.392796 ] }, { "date": "2024-07-05", "close": 41.179861, "volume": 9540791, "typical_volume": 8782236.45, "trend": 42.241818, "fair_value": 44.103328, "relative_strength": -13.387887, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.184621, "energy": 53.267756, "activity_lines": [ 41.065575, 41.59209, 42.223928, 42.329249 ] }, { "date": "2024-07-12", "close": 42.864947, "volume": 8828457, "typical_volume": 8796401.7, "trend": 42.330451, "fair_value": 44.083338, "relative_strength": -10.378591, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.41086, "energy": 25.1081, "activity_lines": [ 41.613877, 41.757013, 42.239679, 42.369451 ] }, { "date": "2024-07-19", "close": 42.573473, "volume": 8838049, "typical_volume": 8692395.7, "trend": 42.369185, "fair_value": 44.062947, "relative_strength": -8.847346, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.679206, "energy": 4.988741, "activity_lines": [ 42.011108, 41.852447, 42.223399, 42.38513 ] }, { "date": "2024-07-26", "close": 41.753701, "volume": 7515224, "typical_volume": 8472190.85, "trend": 42.353419, "fair_value": 44.03522, "relative_strength": -9.538459, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.639518, "energy": 18.948431, "activity_lines": [ 42.06418, 41.806687, 42.130656, 42.345422 ] }, { "date": "2024-08-02", "close": 41.598855, "volume": 8441925, "typical_volume": 8446578.85, "trend": 42.344938, "fair_value": 44.002195, "relative_strength": -7.654176, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.005461, "energy": 20.112775, "activity_lines": [ 41.97595, 41.761559, 42.034852, 42.29674 ] }, { "date": "2024-08-09", "close": 42.236455, "volume": 7020185, "typical_volume": 8475641.25, "trend": 42.373877, "fair_value": 43.966918, "relative_strength": -6.004008, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.907161, "energy": 14.142376, "activity_lines": [ 42.056713, 41.854027, 42.01081, 42.289741 ] }, { "date": "2024-08-16", "close": 42.91049, "volume": 8011849, "typical_volume": 8459278.8, "trend": 42.446742, "fair_value": 43.94722, "relative_strength": -7.932333, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.180889, "energy": 5.385811, "activity_lines": [ 42.291714, 42.071795, 42.060727, 42.324361 ] }, { "date": "2024-08-23", "close": 44.103713, "volume": 5727957, "typical_volume": 8227549.75, "trend": 42.553209, "fair_value": 43.932144, "relative_strength": -6.49369, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.124539, "energy": 21.974204, "activity_lines": [ 42.92142, 42.490982, 42.237392, 42.431263 ] }, { "date": "2024-08-30", "close": 45.433565, "volume": 8733247, "typical_volume": 7947376.95, "trend": 42.689306, "fair_value": 43.92829, "relative_strength": -3.730581, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.114672, "energy": 54.208091, "activity_lines": [ 43.892394, 43.1048, 42.543753, 42.617092 ] }, { "date": "2024-09-06", "close": 45.998296, "volume": 5860379, "typical_volume": 7781552.35, "trend": 42.840995, "fair_value": 43.931981, "relative_strength": 1.742502, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.896593, "energy": 68.961868, "activity_lines": [ 44.806288, 43.72993, 42.893062, 42.830575 ] }, { "date": "2024-09-13", "close": 47.401016, "volume": 6671618, "typical_volume": 7691359.2, "trend": 43.028858, "fair_value": 43.945658, "relative_strength": 0.981279, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.20627, "energy": 88.713187, "activity_lines": [ 45.894458, 44.518236, 43.356253, 43.12477 ] }, { "date": "2024-09-20", "close": 49.250057, "volume": 7262662, "typical_volume": 7614644.1, "trend": 43.271595, "fair_value": 43.968964, "relative_strength": 3.578576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.996588, "energy": 96.140412, "activity_lines": [ 47.254672, 45.529619, 43.968386, 43.526138 ] }, { "date": "2024-09-27", "close": 49.587074, "volume": 10209388, "typical_volume": 7848913.95, "trend": 43.494112, "fair_value": 43.992681, "relative_strength": 3.812999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.20001, "energy": 94.349669, "activity_lines": [ 48.304587, 46.486184, 44.57789, 43.933588 ] }, { "date": "2024-10-04", "close": 49.044141, "volume": 17101158, "typical_volume": 8476321.35, "trend": 43.655321, "fair_value": 44.006164, "relative_strength": 2.48456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.926878, "energy": 89.651403, "activity_lines": [ 48.807967, 47.216515, 45.104346, 44.291654 ] }, { "date": "2024-10-11", "close": 48.480309, "volume": 5380201, "typical_volume": 8388672.1, "trend": 43.807435, "fair_value": 44.008519, "relative_strength": 0.265047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.922587, "energy": 86.658319, "activity_lines": [ 48.882697, 47.711777, 45.549927, 44.602944 ] }, { "date": "2024-10-18", "close": 49.487812, "volume": 5141122, "typical_volume": 8102284.7, "trend": 43.980787, "fair_value": 44.009485, "relative_strength": 1.509047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.569764, "energy": 76.182887, "activity_lines": [ 49.127795, 48.265105, 46.064367, 44.96942 ] }, { "date": "2024-10-25", "close": 47.861018, "volume": 8716581, "typical_volume": 8140835.95, "trend": 44.054056, "fair_value": 44.002559, "relative_strength": -0.822593, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.981432, "energy": 59.613044, "activity_lines": [ 48.691508, 48.390809, 46.390063, 45.219757 ] }, { "date": "2024-11-01", "close": 47.971936, "volume": 8111645, "typical_volume": 8197268.85, "trend": 44.161688, "fair_value": 43.991368, "relative_strength": 0.882579, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.403412, "energy": 48.964278, "activity_lines": [ 48.384796, 48.44667, 46.698681, 45.472524 ] }, { "date": "2024-11-08", "close": 49.848295, "volume": 6870390, "typical_volume": 8104589.3, "trend": 44.384704, "fair_value": 43.992922, "relative_strength": 0.115809, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.478523, "energy": 58.698273, "activity_lines": [ 48.811214, 48.773356, 47.155229, 45.839402 ] }, { "date": "2024-11-15", "close": 49.848295, "volume": 5020788, "typical_volume": 7950180.8, "trend": 44.651006, "fair_value": 44.000123, "relative_strength": 2.28337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.674196, "energy": 59.039593, "activity_lines": [ 49.184021, 49.019774, 47.566825, 46.191892 ] }, { "date": "2024-11-22", "close": 52.177568, "volume": 6739860, "typical_volume": 7810134.25, "trend": 45.000324, "fair_value": 44.02704, "relative_strength": 5.253466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.884714, "energy": 80.514475, "activity_lines": [ 50.242053, 49.619696, 48.157863, 46.677476 ] }, { "date": "2024-11-29", "close": 52.704427, "volume": 3768552, "typical_volume": 7557139.0, "trend": 45.358547, "fair_value": 44.052071, "relative_strength": 5.052062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.993466, "energy": 91.805777, "activity_lines": [ 51.296388, 50.228564, 48.746709, 47.174515 ] }, { "date": "2024-12-06", "close": 51.549034, "volume": 7062675, "typical_volume": 7468370.3, "trend": 45.643329, "fair_value": 44.058546, "relative_strength": 1.87869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.964899, "energy": 83.405589, "activity_lines": [ 51.642698, 50.564555, 49.178662, 47.573901 ] }, { "date": "2024-12-13", "close": 51.225524, "volume": 4003387, "typical_volume": 7292778.45, "trend": 45.906282, "fair_value": 44.06266, "relative_strength": 1.882447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.752368, "energy": 76.090926, "activity_lines": [ 51.642698, 50.806053, 49.537064, 47.934043 ] }, { "date": "2024-12-20", "close": 49.552514, "volume": 5763001, "typical_volume": 7158832.25, "trend": 46.131678, "fair_value": 44.046335, "relative_strength": 0.50794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.36829, "energy": 54.779212, "activity_lines": [ 50.993213, 50.703706, 49.691028, 48.169284 ] }, { "date": "2024-12-27", "close": 49.691161, "volume": 2085322, "typical_volume": 6912089.1, "trend": 46.37513, "fair_value": 44.01805, "relative_strength": 0.284825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.011207, "energy": 36.237647, "activity_lines": [ 50.409662, 50.607073, 49.820321, 48.398928 ] }, { "date": "2025-01-03", "close": 49.349165, "volume": 11031507, "typical_volume": 7063072.0, "trend": 46.618226, "fair_value": 43.980172, "relative_strength": 0.276763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.993574, "energy": 24.252963, "activity_lines": [ 49.877873, 50.444562, 49.881546, 48.590801 ] }, { "date": "2025-01-10", "close": 48.101377, "volume": 12119063, "typical_volume": 7382627.3, "trend": 46.837941, "fair_value": 43.928867, "relative_strength": -0.212947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.05615, "energy": 23.138569, "activity_lines": [ 49.153839, 50.028123, 49.793272, 48.686488 ] }, { "date": "2025-01-17", "close": 47.698267, "volume": 7365486, "typical_volume": 7314239.25, "trend": 47.080936, "fair_value": 43.885102, "relative_strength": -3.752503, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.565698, "energy": 20.863849, "activity_lines": [ 48.525278, 49.536037, 49.647571, 48.741993 ] }, { "date": "2025-01-24", "close": 48.673231, "volume": 6491438, "typical_volume": 7345792.2, "trend": 47.338519, "fair_value": 43.851207, "relative_strength": -3.352702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.896969, "energy": 21.470512, "activity_lines": [ 48.456856, 49.26031, 49.583939, 48.844722 ] }, { "date": "2025-01-31", "close": 47.970132, "volume": 6831923, "typical_volume": 7353807.45, "trend": 47.564862, "fair_value": 43.800772, "relative_strength": -3.663377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.896281, "energy": 21.901015, "activity_lines": [ 48.212687, 48.878111, 49.440608, 48.885471 ] }, { "date": "2025-02-07", "close": 47.717016, "volume": 11778942, "typical_volume": 7579621.45, "trend": 47.726597, "fair_value": 43.749204, "relative_strength": -3.907501, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.764591, "energy": 20.232344, "activity_lines": [ 47.998881, 48.526389, 49.27046, 48.895287 ] }, { "date": "2025-02-14", "close": 48.02638, "volume": 5318147, "typical_volume": 7335059.4, "trend": 47.908361, "fair_value": 43.70495, "relative_strength": -4.56976, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.50129, "energy": 14.705835, "activity_lines": [ 47.997006, 48.321596, 49.137076, 48.914628 ] }, { "date": "2025-02-21", "close": 47.34203, "volume": 4691241, "typical_volume": 6714563.55, "trend": 48.094638, "fair_value": 43.655234, "relative_strength": -4.292499, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.312961, "energy": 27.071634, "activity_lines": [ 47.772014, 48.056424, 48.945948, 48.878091 ] }, { "date": "2025-02-28", "close": 46.526434, "volume": 8871682, "typical_volume": 6889137.6, "trend": 48.258891, "fair_value": 43.595153, "relative_strength": -4.886614, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.92099, "energy": 41.357288, "activity_lines": [ 47.298906, 47.713571, 48.685248, 48.776916 ] }, { "date": "2025-03-07", "close": 45.317103, "volume": 9112369, "typical_volume": 7087699.95, "trend": 48.361579, "fair_value": 43.533435, "relative_strength": -4.224437, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.984551, "energy": 61.424258, "activity_lines": [ 46.565808, 47.205859, 48.318679, 48.587124 ] }, { "date": "2025-03-14", "close": 44.951492, "volume": 6290465, "typical_volume": 6966394.15, "trend": 48.429613, "fair_value": 43.460813, "relative_strength": -2.622269, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.566033, "energy": 78.939333, "activity_lines": [ 45.887708, 46.7112, 47.93715, 48.367118 ] }, { "date": "2025-03-21", "close": 44.998365, "volume": 10023051, "typical_volume": 7061964.45, "trend": 48.459434, "fair_value": 43.388296, "relative_strength": -2.872363, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.291074, "energy": 81.748862, "activity_lines": [ 45.4096, 46.305022, 47.57394, 48.145747 ] }, { "date": "2025-03-28", "close": 44.745249, "volume": 10080741, "typical_volume": 7222482.0, "trend": 48.436491, "fair_value": 43.326922, "relative_strength": -1.791413, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.865114, "energy": 81.435438, "activity_lines": [ 45.048988, 45.909241, 47.200784, 47.906122 ] }, { "date": "2025-04-04", "close": 44.496632, "volume": 19072644, "typical_volume": 7925074.8, "trend": 48.386435, "fair_value": 43.267648, "relative_strength": 7.383899, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.209138, "energy": 73.352163, "activity_lines": [ 44.778623, 45.521948, 46.82825, 47.651938 ] }, { "date": "2025-04-11", "close": 43.858653, "volume": 15996238, "typical_volume": 8387893.7, "trend": 48.268356, "fair_value": 43.214869, "relative_strength": 0.243152, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.586044, "energy": 65.41164, "activity_lines": [ 44.430917, 45.094597, 46.42044, 47.359823 ] }, { "date": "2025-04-18", "close": 45.201265, "volume": 6620063, "typical_volume": 8530469.25, "trend": 48.133397, "fair_value": 43.173714, "relative_strength": 4.783314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.957354, "energy": 51.46377, "activity_lines": [ 44.62798, 44.986111, 46.180112, 47.161946 ] }, { "date": "2025-04-25", "close": 46.4677, "volume": 13241915, "typical_volume": 8839431.25, "trend": 48.029418, "fair_value": 43.158385, "relative_strength": 2.947538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.878468, "energy": 36.290852, "activity_lines": [ 45.230535, 45.153628, 46.096126, 47.054482 ] }, { "date": "2025-05-02", "close": 47.943621, "volume": 7439682, "typical_volume": 9011246.0, "trend": 47.992733, "fair_value": 43.150539, "relative_strength": 3.160295, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.041544, "energy": 16.67936, "activity_lines": [ 46.227109, 45.617833, 46.176901, 47.048946 ] }, { "date": "2025-05-09", "close": 47.8484, "volume": 5784580, "typical_volume": 9012324.95, "trend": 47.97167, "fair_value": 43.14688, "relative_strength": 3.368569, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.376216, "energy": 22.38409, "activity_lines": [ 46.978718, 46.053787, 46.264236, 47.039635 ] }, { "date": "2025-05-16", "close": 49.019615, "volume": 9044028, "typical_volume": 9360260.25, "trend": 47.956063, "fair_value": 43.151718, "relative_strength": 0.586426, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.846467, "energy": 32.235318, "activity_lines": [ 47.89728, 46.678654, 46.471229, 47.107244 ] }, { "date": "2025-05-23", "close": 49.695682, "volume": 6927078, "typical_volume": 9155038.8, "trend": 48.017219, "fair_value": 43.138582, "relative_strength": 4.533644, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.256797, "energy": 52.568272, "activity_lines": [ 48.697134, 47.359124, 46.745808, 47.219477 ] }, { "date": "2025-05-30", "close": 50.962117, "volume": 8987897, "typical_volume": 8998480.5, "trend": 48.116891, "fair_value": 43.130448, "relative_strength": 5.202893, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.226583, "energy": 69.123539, "activity_lines": [ 49.619505, 48.183596, 47.139349, 47.409471 ] }, { "date": "2025-06-06", "close": 51.323956, "volume": 7025043, "typical_volume": 8981458.35, "trend": 48.16608, "fair_value": 43.142341, "relative_strength": 4.081828, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.324366, "energy": 75.284862, "activity_lines": [ 50.362862, 48.965426, 47.553729, 47.616378 ] }, { "date": "2025-06-13", "close": 51.714361, "volume": 12825285, "typical_volume": 9298150.7, "trend": 48.228282, "fair_value": 43.172812, "relative_strength": 5.024288, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.647449, "energy": 80.159744, "activity_lines": [ 51.010997, 49.698625, 47.988025, 47.8453 ] }, { "date": "2025-06-20", "close": 51.581052, "volume": 10576895, "typical_volume": 9485399.3, "trend": 48.208399, "fair_value": 43.213707, "relative_strength": 4.638368, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.439819, "energy": 77.976699, "activity_lines": [ 51.356966, 50.276355, 48.395143, 48.061607 ] }, { "date": "2025-06-27", "close": 52.21903, "volume": 11985234, "typical_volume": 9495713.9, "trend": 48.192219, "fair_value": 43.253705, "relative_strength": 2.171339, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.031168, "energy": 87.838074, "activity_lines": [ 51.744831, 50.829674, 48.845826, 48.320358 ] }, { "date": "2025-07-04", "close": 53.475197, "volume": 12297201, "typical_volume": 9844666.6, "trend": 48.256424, "fair_value": 43.304062, "relative_strength": 2.638369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.594896, "energy": 91.794138, "activity_lines": [ 52.383196, 51.483791, 49.394706, 48.661195 ] }, { "date": "2025-07-11", "close": 52.702295, "volume": 13802027, "typical_volume": 10300205.9, "trend": 48.30565, "fair_value": 43.363101, "relative_strength": 1.269946, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.966814, "energy": 86.325424, "activity_lines": [ 52.596388, 51.869971, 49.84403, 48.948025 ] }, { "date": "2025-07-18", "close": 53.320617, "volume": 9675423, "typical_volume": 10340392.95, "trend": 48.431253, "fair_value": 43.41347, "relative_strength": 1.660468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.649093, "energy": 88.432146, "activity_lines": [ 52.923798, 52.282052, 50.326716, 49.271572 ] }, { "date": "2025-07-25", "close": 54.70218, "volume": 7578325, "typical_volume": 10263690.75, "trend": 48.598287, "fair_value": 43.458557, "relative_strength": 2.542207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.806451, "energy": 93.636495, "activity_lines": [ 53.604645, 52.845832, 50.908627, 49.676148 ] }, { "date": "2025-08-01", "close": 53.562149, "volume": 8246404, "typical_volume": 10361487.7, "trend": 48.73872, "fair_value": 43.49774, "relative_strength": 2.720978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.537806, "energy": 80.333609, "activity_lines": [ 53.697407, 53.099014, 51.337272, 49.996397 ] }, { "date": "2025-08-08", "close": 54.103181, "volume": 6187176, "typical_volume": 10169693.95, "trend": 48.93878, "fair_value": 43.528861, "relative_strength": 1.132495, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.781853, "energy": 68.833803, "activity_lines": [ 53.880971, 53.380266, 51.776441, 50.342491 ] }, { "date": "2025-08-15", "close": 54.866422, "volume": 6008509, "typical_volume": 9966082.35, "trend": 49.177719, "fair_value": 43.56713, "relative_strength": 1.40122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.76512, "energy": 70.421858, "activity_lines": [ 54.277084, 53.743179, 52.244943, 50.72492 ] }, { "date": "2025-08-22", "close": 55.67797, "volume": 7545371, "typical_volume": 9389718.7, "trend": 49.41121, "fair_value": 43.63647, "relative_strength": 2.442461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.133055, "energy": 71.543066, "activity_lines": [ 54.799437, 54.189237, 52.74254, 51.144291 ] }, { "date": "2025-08-29", "close": 60.344369, "volume": 14673253, "typical_volume": 9323569.45, "trend": 49.823684, "fair_value": 43.750814, "relative_strength": 10.770806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.330101, "energy": 93.180969, "activity_lines": [ 56.7201, 55.411666, 53.631311, 51.849656 ] }, { "date": "2025-09-05", "close": 61.291175, "volume": 8122594, "typical_volume": 9398696.0, "trend": 50.276156, "fair_value": 43.86135, "relative_strength": 11.911175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.386855, "energy": 97.74755, "activity_lines": [ 58.580219, 56.646909, 54.53175, 52.589494 ] }, { "date": "2025-09-12", "close": 61.233207, "volume": 8405392, "typical_volume": 9156869.85, "trend": 50.716384, "fair_value": 43.985001, "relative_strength": 9.882105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.056046, "energy": 95.591888, "activity_lines": [ 59.905747, 57.706663, 55.350051, 53.2964 ] }, { "date": "2025-09-19", "close": 62.730706, "volume": 7778033, "typical_volume": 9173787.4, "trend": 51.22934, "fair_value": 44.131738, "relative_strength": 11.024977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.960418, "energy": 96.006262, "activity_lines": [ 61.255106, 58.897636, 56.240658, 54.071518 ] }, { "date": "2025-09-26", "close": 62.208996, "volume": 9441395, "typical_volume": 9356628.15, "trend": 51.752092, "fair_value": 44.292025, "relative_strength": 10.260574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.604723, "energy": 90.625714, "activity_lines": [ 61.906276, 59.811418, 57.011164, 54.779883 ] }, { "date": "2025-10-03", "close": 63.039867, "volume": 8324365, "typical_volume": 9320645.0, "trend": 52.342851, "fair_value": 44.455929, "relative_strength": 10.31102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.379804, "energy": 86.360094, "activity_lines": [ 62.399002, 60.71466, 57.792416, 55.508126 ] }, { "date": "2025-10-10", "close": 62.034541, "volume": 10038789, "typical_volume": 9476230.55, "trend": 52.912286, "fair_value": 44.61354, "relative_strength": 10.984772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.378798, "energy": 68.372482, "activity_lines": [ 62.376919, 61.283521, 58.411161, 56.133397 ] }, { "date": "2025-10-17", "close": 62.347501, "volume": 6975997, "typical_volume": 9375635.55, "trend": 53.49059, "fair_value": 44.771122, "relative_strength": 9.435068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.527787, "energy": 66.694192, "activity_lines": [ 62.409598, 61.75524, 59.000954, 56.74212 ] }, { "date": "2025-10-24", "close": 63.354841, "volume": 5957766, "typical_volume": 9322271.7, "trend": 54.11091, "fair_value": 44.929612, "relative_strength": 8.850168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.647314, "energy": 69.414083, "activity_lines": [ 62.703771, 62.260216, 59.632469, 57.378523 ] }, { "date": "2025-10-31", "close": 64.156801, "volume": 6538822, "typical_volume": 9007948.55, "trend": 54.766249, "fair_value": 45.092173, "relative_strength": 9.229763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.07398, "energy": 70.163799, "activity_lines": [ 63.223655, 62.756668, 60.28307, 58.026645 ] }, { "date": "2025-11-07", "close": 65.232601, "volume": 6725070, "typical_volume": 8815357.3, "trend": 55.478714, "fair_value": 45.246612, "relative_strength": 12.573211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.241053, "energy": 71.631445, "activity_lines": [ 63.972285, 63.294559, 60.97688, 58.701894 ] }, { "date": "2025-11-14", "close": 65.966101, "volume": 7161328, "typical_volume": 8574162.0, "trend": 56.170875, "fair_value": 45.407025, "relative_strength": 13.372382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.062766, "energy": 71.78607, "activity_lines": [ 64.819233, 63.876936, 61.675539, 59.3785 ] }, { "date": "2025-11-21", "close": 65.213041, "volume": 9340413, "typical_volume": 8426322.6, "trend": 56.79572, "fair_value": 45.553396, "relative_strength": 14.01185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.373821, "energy": 66.99551, "activity_lines": [ 65.153057, 64.237395, 62.237015, 59.961865 ] }, { "date": "2025-11-28", "close": 67.765621, "volume": 5769518, "typical_volume": 8024697.15, "trend": 57.456453, "fair_value": 45.727076, "relative_strength": 13.982859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.278138, "energy": 80.702584, "activity_lines": [ 66.146705, 64.989599, 62.9857, 60.669601 ] }, { "date": "2025-12-05", "close": 70.122601, "volume": 10829797, "typical_volume": 8082415.85, "trend": 58.198926, "fair_value": 45.920497, "relative_strength": 17.126376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.343761, "energy": 92.953867, "activity_lines": [ 67.631961, 66.078801, 63.887129, 61.486772 ] }, { "date": "2025-12-12", "close": 71.169061, "volume": 8416316, "typical_volume": 8124315.4, "trend": 58.937241, "fair_value": 46.134169, "relative_strength": 19.072189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.908169, "energy": 94.410798, "activity_lines": [ 69.068317, 67.214385, 64.808212, 62.323554 ] }, { "date": "2025-12-19", "close": 70.944121, "volume": 10919134, "typical_volume": 8257951.9, "trend": 59.645523, "fair_value": 46.340341, "relative_strength": 18.050899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.552937, "energy": 92.797134, "activity_lines": [ 70.033929, 68.161266, 65.629458, 63.098192 ] }, { "date": "2025-12-26", "close": 72.538261, "volume": 6567754, "typical_volume": 8276980.8, "trend": 60.364727, "fair_value": 46.555968, "relative_strength": 18.472707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.653628, "energy": 91.952436, "activity_lines": [ 71.199053, 69.236, 66.519756, 63.929981 ] }, { "date": "2026-01-02", "close": 72.890341, "volume": 8421189, "typical_volume": 8397614.8, "trend": 61.083607, "fair_value": 46.764709, "relative_strength": 19.711809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.245927, "energy": 87.855927, "activity_lines": [ 71.993189, 70.189461, 67.355799, 64.738086 ] }, { "date": "2026-01-09", "close": 71.481915, "volume": 16780304, "typical_volume": 8859361.45, "trend": 61.742525, "fair_value": 46.955784, "relative_strength": 15.079335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.209904, "energy": 68.02217, "activity_lines": [ 71.976202, 70.713472, 67.971878, 65.408944 ] }, { "date": "2026-01-16", "close": 72.648724, "volume": 11107041, "typical_volume": 8681050.85, "trend": 62.444781, "fair_value": 47.154235, "relative_strength": 16.756115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.896746, "energy": 69.207551, "activity_lines": [ 72.25753, 71.316446, 68.623824, 66.11257 ] }, { "date": "2026-01-23", "close": 74.033075, "volume": 6265247, "typical_volume": 8588183.5, "trend": 63.171916, "fair_value": 47.353079, "relative_strength": 18.72993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.568027, "energy": 71.145349, "activity_lines": [ 72.901664, 72.036281, 69.349022, 66.860202 ] }, { "date": "2026-01-30", "close": 73.884751, "volume": 7838974, "typical_volume": 8559862.6, "trend": 63.852234, "fair_value": 47.543575, "relative_strength": 17.370872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.941115, "energy": 67.76002, "activity_lines": [ 73.290427, 72.582477, 69.999418, 67.551352 ] }, { "date": "2026-02-06", "close": 75.486642, "volume": 9560615, "typical_volume": 8648991.7, "trend": 64.611713, "fair_value": 47.742374, "relative_strength": 19.41926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.694808, "energy": 71.158113, "activity_lines": [ 74.123387, 73.262258, 70.742129, 68.301959 ] }, { "date": "2026-02-13", "close": 74.853797, "volume": 7374014, "typical_volume": 8545622.65, "trend": 65.329485, "fair_value": 47.942185, "relative_strength": 19.204829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.015569, "energy": 66.584365, "activity_lines": [ 74.572312, 73.686594, 71.363827, 68.962739 ] }, { "date": "2026-02-20", "close": 76.426023, "volume": 5771264, "typical_volume": 8417967.6, "trend": 66.053613, "fair_value": 48.160867, "relative_strength": 19.578389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.723427, "energy": 69.987134, "activity_lines": [ 75.32052, 74.310767, 72.075047, 69.678645 ] }, { "date": "2026-02-27", "close": 74.903238, "volume": 12775855, "typical_volume": 8554820.9, "trend": 66.764983, "fair_value": 48.374753, "relative_strength": 17.055759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.441893, "energy": 64.569522, "activity_lines": [ 75.309314, 74.562489, 72.577496, 70.249588 ] }, { "date": "2026-03-06", "close": 71.274262, "volume": 10568570, "typical_volume": 8734449.55, "trend": 67.337352, "fair_value": 48.585807, "relative_strength": 13.024097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.456976, "energy": 45.741206, "activity_lines": [ 74.030438, 74.082414, 72.67305, 70.540509 ] }, { "date": "2026-03-13", "close": 67.981486, "volume": 10715236, "typical_volume": 8972323.05, "trend": 67.774521, "fair_value": 48.773736, "relative_strength": 8.956952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.005307, "energy": 16.076187, "activity_lines": [ 71.828002, 73.026634, 72.412497, 70.582066 ] }, { "date": "2026-03-20", "close": 67.378305, "volume": 9396307, "typical_volume": 9115197.3, "trend": 68.164532, "fair_value": 48.957126, "relative_strength": 9.453373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.125336, "energy": 29.176729, "activity_lines": [ 69.92485, 71.950436, 72.072467, 70.556504 ] }, { "date": "2026-03-27", "close": 66.953112, "volume": 12320290, "typical_volume": 9394958.3, "trend": 68.384824, "fair_value": 49.125842, "relative_strength": 10.70491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.415762, "energy": 45.075816, "activity_lines": [ 68.378333, 70.871542, 71.676601, 70.478348 ] }, { "date": "2026-04-03", "close": 69.336172, "volume": 9892929, "typical_volume": 9531538.35, "trend": 68.65299, "fair_value": 49.307615, "relative_strength": 10.47402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.321606, "energy": 39.251623, "activity_lines": [ 68.257697, 70.329488, 71.499501, 70.539725 ] }, { "date": "2026-04-10", "close": 72.91, "volume": 27662240, "typical_volume": 10447629.7, "trend": 69.042217, "fair_value": 49.506048, "relative_strength": 11.58505, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.091091, "energy": 23.024195, "activity_lines": [ 69.699475, 70.522619, 71.646717, 70.814371 ] }, { "date": "2026-04-17", "close": 76.56, "volume": 13303796, "typical_volume": 10824343.6, "trend": 69.503193, "fair_value": 49.732394, "relative_strength": 11.641178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.661572, "energy": 27.633104, "activity_lines": [ 72.24887, 71.39711, 72.104901, 71.299389 ] }, { "date": "2026-04-24", "close": 75.71, "volume": 12247449, "typical_volume": 10895226.2, "trend": 69.953227, "fair_value": 49.955654, "relative_strength": 9.363493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.589018, "energy": 42.635724, "activity_lines": [ 73.94303, 72.097539, 72.440254, 71.699828 ] }, { "date": "2026-05-01", "close": 78.0, "volume": 9544976, "typical_volume": 10951659.2, "trend": 70.451898, "fair_value": 50.192964, "relative_strength": 11.12265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.414469, "energy": 57.577157, "activity_lines": [ 75.845078, 73.198764, 72.967095, 72.218975 ] }, { "date": "2026-05-08", "close": 77.53, "volume": 6489811, "typical_volume": 10730193.05, "trend": 70.968413, "fair_value": 50.432249, "relative_strength": 7.501251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.057783, "energy": 75.379679, "activity_lines": [ 76.854, 74.185917, 73.416646, 72.675627 ] }, { "date": "2026-05-15", "close": 77.08, "volume": 10683352, "typical_volume": 10935972.95, "trend": 71.459496, "fair_value": 50.667704, "relative_strength": 6.21788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.022329, "energy": 74.592369, "activity_lines": [ 77.166667, 75.043493, 73.791979, 73.069923 ] }, { "date": "2026-05-22", "close": 79.78, "volume": 9728429, "typical_volume": 11001334.95, "trend": 72.007002, "fair_value": 50.921517, "relative_strength": 8.555116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.789827, "energy": 78.233786, "activity_lines": [ 78.101333, 76.286419, 74.402828, 73.606729 ] }, { "date": "2026-05-29", "close": 80.05, "volume": 13095908, "typical_volume": 10817115.15, "trend": 72.536775, "fair_value": 51.173701, "relative_strength": 6.978441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.953267, "energy": 71.108089, "activity_lines": [ 78.911333, 77.363917, 75.006582, 74.125632 ] }, { "date": "2026-06-05", "close": 79.816466, "volume": 11228863, "typical_volume": 10823206.25, "trend": 73.022904, "fair_value": 51.425227, "relative_strength": 8.947115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.280218, "energy": 65.320848, "activity_lines": [ 79.354155, 78.168561, 75.547295, 74.59529 ] }, { "date": "2026-06-12", "close": 83.214809, "volume": 11803810, "typical_volume": 11100134.4, "trend": 73.597861, "fair_value": 51.695283, "relative_strength": 12.4079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.756161, "energy": 80.94049, "activity_lines": [ 80.808661, 79.357205, 76.377528, 75.252832 ] }, { "date": "2026-06-19", "close": 86.226751, "volume": 10890357, "typical_volume": 11252703.55, "trend": 74.298318, "fair_value": 51.99604, "relative_strength": 14.792481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.729162, "energy": 90.403442, "activity_lines": [ 82.888159, 80.841137, 77.45089, 76.067599 ] }, { "date": "2026-06-26", "close": 85.364781, "volume": 18871497, "typical_volume": 11718247.65, "trend": 74.884956, "fair_value": 52.280507, "relative_strength": 15.720934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.039433, "energy": 88.703707, "activity_lines": [ 84.070551, 81.926224, 78.383388, 76.781565 ] }, { "date": "2026-07-03", "close": 84.611795, "volume": 9467260, "typical_volume": 11822909.95, "trend": 75.36793, "fair_value": 52.565998, "relative_strength": 11.692197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.346025, "energy": 85.119887, "activity_lines": [ 84.629629, 82.714317, 79.197134, 77.409103 ] }, { "date": "2026-07-10", "close": 87.59, "volume": 21714766, "typical_volume": 12620085.05, "trend": 75.915294, "fair_value": 52.863964, "relative_strength": 13.410386, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.048561, "energy": 89.061779, "activity_lines": [ 85.877322, 83.882052, 80.248052, 78.197623 ] }, { "date": "2026-07-17", "close": 89.43, "volume": 11277958, "typical_volume": 12545190.2, "trend": 76.53149, "fair_value": 53.16583, "relative_strength": 16.85327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.717347, "energy": 89.379998, "activity_lines": [ 87.220113, 85.209968, 81.421046, 79.06954 ] }, { "date": "2026-07-24", "close": 87.0, "volume": 13497708, "typical_volume": 12691647.1, "trend": 77.013548, "fair_value": 53.45724, "relative_strength": 13.692139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.717697, "energy": 73.285483, "activity_lines": [ 87.338558, 85.879703, 82.293437, 79.744928 ] }, { "date": "2026-07-31", "close": 87.77, "volume": 8703167, "typical_volume": 12591043.65, "trend": 77.509537, "fair_value": 53.763242, "relative_strength": 12.818072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.482538, "energy": 69.038473, "activity_lines": [ 87.66212, 86.509073, 83.164277, 80.438892 ] }, { "date": "2026-08-07", "close": 88.85, "volume": 11879428, "typical_volume": 12715199.7, "trend": 78.088473, "fair_value": 54.076542, "relative_strength": 9.743474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.480983, "energy": 65.87986, "activity_lines": [ 88.185333, 87.189535, 84.043742, 81.170535 ] } ], "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." } } }