{ "ticker": { "uuid": "cf7aaac0-0750-4cf8-b6fe-dc1d484819fe", "symbol": "GREIT", "name": "UBS FTSE EPRA Nareit Developed Green UCITS ETF USD dis", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 83.353, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 68.387, "architecture_energy": 68.441, "architecture_maturity": 39.339, "architecture_confidence": 57.778, "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": 5.31, "rotation_up": 78.56, "upward_expansion": 87.67, "deceleration": 58.86, "rotation_down": 10.79, "downward_expansion": 12.0 }, "activity_lines": [ 113.569334, 112.422364, 110.409858, 108.836628 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 112.040001, "trend_reference": 106.868528, "distance_from_trend": 0.048391, "trend_direction": "Improving", "fair_value": 103.578271, "distance_from_fair_value": 0.081694, "fair_value_direction": "Improving", "relative_strength": -7.169465, "relative_strength_direction": "Weakening", "price_momentum": 0.11156, "excess_performance": -0.059332, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048391, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040415, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.081694, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039075, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.071695, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005335, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.11156, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.947368, "read": "Demand-led" } ], "volume": { "latest": 45, "relative_activity": 0.314906, "balance": 1.947368, "dry_up": 0.178446, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.012372, "annualized_volatility": 0.134774, "from_high_reference": -0.029032, "from_low_reference": 0.155601 }, "levels": { "trend_reference": 106.868528, "fair_value_reference": 103.578271, "structural_low": 100.019997, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.013887, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.016945, "regime_survival": 0.75, "best_return": 0.049668, "worst_return": -0.038454, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.0137, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.116328, "regime_survival": 1.0, "best_return": 0.0137, "worst_return": 0.0137, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.054422, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.050801, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.04769, "active": true } ], "chart_path": [ { "date": "2024-08-30", "close": 105.476364, "volume": 3594, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 105.525131, "volume": 1010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 109.367012, "volume": 702, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 109.464523, "volume": 165, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 108.67469, "volume": 118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 108.67469, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 108.67469, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 109.454773, "volume": 19, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 108.567429, "volume": 499, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 108.567429, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 106.080933, "volume": 45, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 107.845856, "volume": 10, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 110.117836, "volume": 14, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 110.73214, "volume": 72, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 110.488373, "volume": 230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 107.748344, "volume": 598, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 107.748344, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 104.706039, "volume": 51, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 106.022423, "volume": 122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 104.072235, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 106.139435, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 105.778648, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 105.983421, "volume": 15, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 107.332626, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 107.332626, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 106.582115, "volume": 50, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 107.609123, "volume": 127, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 107.609123, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 107.609123, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 101.555672, "volume": 420, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 101.555672, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 99.165901, "volume": 6, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 91.789185, "volume": 1290, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 94.889969, "volume": 134, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 94.889969, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 97.181007, "volume": 297, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 99.264648, "volume": 502, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 99.491776, "volume": 301, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 97.25013, "volume": 105, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 98.198143, "volume": 120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 99.215279, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 99.215279, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 99.77816, "volume": 17, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 99.77816, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 98.000633, "volume": 241, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 97.645126, "volume": 20, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 97.645126, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 98.435143, "volume": 15, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 98.435143, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 96.953873, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 96.953873, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 96.953873, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 96.953873, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 98.524017, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 98.524017, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 100.765671, "volume": 19, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 99.393028, "volume": 19, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 99.95591, "volume": 62, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 100.518791, "volume": 89, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 100.736046, "volume": 139, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 101.871689, "volume": 70, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 99.156029, "volume": 529, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 98.909149, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 98.928902, "volume": 1141, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 98.968399, "volume": 20, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 99.511528, "volume": 801, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 99.472031, "volume": 41, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 97.635262, "volume": 979, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 97.684631, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 97.477257, "volume": 273, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 98.020386, "volume": 190, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 101.693932, "volume": 91, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 103.244324, "volume": 14, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 101.812431, "volume": 200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 100.123787, "volume": 286, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 100.795296, "volume": 130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-13", "close": 105.839996, "volume": 793, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-20", "close": 105.839996, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-27", "close": 105.839996, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-06", "close": 105.839996, "volume": 0, "typical_volume": 278.2, "trend": 100.264804, "fair_value": 102.353295, "relative_strength": 0.242158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.829071, "energy": 90.144597, "activity_lines": [ 105.503683, 104.042573, 102.041435, 101.281318 ] }, { "date": "2026-03-13", "close": 106.5, "volume": 1, "typical_volume": 274.75, "trend": 100.583008, "fair_value": 102.404489, "relative_strength": 0.8003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.339022, "energy": 91.246463, "activity_lines": [ 106.059997, 104.696207, 102.571602, 101.683589 ] }, { "date": "2026-03-20", "close": 101.629997, "volume": 643, "typical_volume": 280.45, "trend": 100.738879, "fair_value": 102.395044, "relative_strength": -0.310593, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.062096, "energy": 56.692584, "activity_lines": [ 104.612664, 104.310211, 102.615919, 101.751137 ] }, { "date": "2026-03-27", "close": 100.080002, "volume": 2450, "typical_volume": 402.9, "trend": 100.843083, "fair_value": 102.367152, "relative_strength": -2.801532, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.680522, "energy": 17.986695, "activity_lines": [ 102.929332, 103.64356, 102.500837, 101.708629 ] }, { "date": "2026-04-03", "close": 101.769997, "volume": 14, "typical_volume": 346.55, "trend": 100.951283, "fair_value": 102.360043, "relative_strength": -5.542591, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.49002, "energy": 29.182186, "activity_lines": [ 102.193332, 103.341714, 102.541131, 101.76843 ] }, { "date": "2026-04-10", "close": 104.769997, "volume": 200, "typical_volume": 355.55, "trend": 101.159482, "fair_value": 102.388395, "relative_strength": -6.431921, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.038297, "energy": 37.317372, "activity_lines": [ 102.728665, 103.586094, 102.853611, 102.014798 ] }, { "date": "2026-04-17", "close": 104.769997, "volume": 0, "typical_volume": 315.5, "trend": 101.292959, "fair_value": 102.416088, "relative_strength": -8.47516, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.191996, "energy": 29.424597, "activity_lines": [ 103.335331, 103.745998, 103.138464, 102.247735 ] }, { "date": "2026-04-24", "close": 106.940002, "volume": 26, "typical_volume": 314.75, "trend": 101.544525, "fair_value": 102.468087, "relative_strength": -3.967716, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 79.195425, "energy": 60.970928, "activity_lines": [ 104.780666, 104.22818, 103.604943, 102.61206 ] }, { "date": "2026-05-01", "close": 106.940002, "volume": 0, "typical_volume": 265.8, "trend": 101.777328, "fair_value": 102.518905, "relative_strength": -4.892443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.74421, "energy": 86.37015, "activity_lines": [ 105.872, 104.690363, 104.035861, 102.960155 ] }, { "date": "2026-05-08", "close": 106.940002, "volume": 0, "typical_volume": 265.55, "trend": 101.991369, "fair_value": 102.56858, "relative_strength": -6.635932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.188525, "energy": 88.754789, "activity_lines": [ 106.506001, 105.132545, 104.422471, 103.293231 ] }, { "date": "2026-05-15", "close": 108.080002, "volume": 33, "typical_volume": 253.55, "trend": 102.236167, "fair_value": 102.629818, "relative_strength": -5.112689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.439628, "energy": 94.822028, "activity_lines": [ 107.175335, 105.762, 104.873579, 103.686046 ] }, { "date": "2026-05-22", "close": 106.730003, "volume": 5, "typical_volume": 244.3, "trend": 102.398111, "fair_value": 102.674875, "relative_strength": -6.807513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.568569, "energy": 86.994174, "activity_lines": [ 107.174002, 106.105274, 105.145626, 103.975971 ] }, { "date": "2026-05-29", "close": 108.730003, "volume": 20, "typical_volume": 240.75, "trend": 102.717243, "fair_value": 102.740691, "relative_strength": -5.842661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.987481, "energy": 87.31283, "activity_lines": [ 107.708669, 106.808002, 105.566675, 104.38448 ] }, { "date": "2026-06-05", "close": 107.290001, "volume": 7, "typical_volume": 240.4, "trend": 102.996605, "fair_value": 102.789609, "relative_strength": -6.593297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.583936, "energy": 60.669595, "activity_lines": [ 107.644002, 107.11982, 105.817076, 104.679497 ] }, { "date": "2026-06-12", "close": 109.099998, "volume": 0, "typical_volume": 230.4, "trend": 103.335642, "fair_value": 102.85674, "relative_strength": -7.669713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.431617, "energy": 63.916799, "activity_lines": [ 108.159334, 107.629637, 106.220592, 105.073264 ] }, { "date": "2026-06-19", "close": 109.059998, "volume": 0, "typical_volume": 216.1, "trend": 103.672028, "fair_value": 102.922038, "relative_strength": -9.701661, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.599171, "energy": 68.828068, "activity_lines": [ 108.517333, 107.99891, 106.585597, 105.442577 ] }, { "date": "2026-06-26", "close": 109.93, "volume": 0, "typical_volume": 209.6, "trend": 104.019311, "fair_value": 102.995038, "relative_strength": -5.87889, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.772519, "energy": 81.032692, "activity_lines": [ 109.099999, 108.448364, 106.990905, 105.846317 ] }, { "date": "2026-07-03", "close": 110.900002, "volume": 0, "typical_volume": 169.95, "trend": 104.400243, "fair_value": 103.076532, "relative_strength": -7.550305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.333294, "energy": 93.955469, "activity_lines": [ 109.792667, 108.980364, 107.445096, 106.290233 ] }, { "date": "2026-07-10", "close": 111.870003, "volume": 1, "typical_volume": 170.0, "trend": 104.874734, "fair_value": 103.166261, "relative_strength": -6.131811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.189749, "energy": 96.022134, "activity_lines": [ 110.664001, 109.616728, 107.967572, 106.772153 ] }, { "date": "2026-07-17", "close": 111.870003, "volume": 0, "typical_volume": 170.0, "trend": 105.34758, "fair_value": 103.254178, "relative_strength": -4.591972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.40522, "energy": 93.725654, "activity_lines": [ 111.230002, 110.163456, 108.461334, 107.223461 ] }, { "date": "2026-07-24", "close": 115.389999, "volume": 57, "typical_volume": 172.85, "trend": 105.944672, "fair_value": 103.375536, "relative_strength": -1.278797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.727292, "energy": 99.423798, "activity_lines": [ 112.784668, 111.260546, 109.26162, 107.871359 ] }, { "date": "2026-07-31", "close": 115.389999, "volume": 0, "typical_volume": 172.8, "trend": 106.523659, "fair_value": 103.494491, "relative_strength": -1.769229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.963125, "energy": 97.82396, "activity_lines": [ 113.917334, 112.224728, 110.016429, 108.480735 ] }, { "date": "2026-08-07", "close": 112.040001, "volume": 45, "typical_volume": 142.9, "trend": 106.868528, "fair_value": 103.578271, "relative_strength": -7.169465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.386953, "energy": 68.441306, "activity_lines": [ 113.569334, 112.422364, 110.409858, 108.836628 ] } ], "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." } } }