{ "ticker": { "uuid": "d2440466-bece-481a-89c3-0389dfc99a7d", "symbol": "BKF", "name": "ISHARES INC MSCI BIC ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 95.613, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -8.921, "architecture_energy": 17.14, "architecture_maturity": 95.363, "architecture_confidence": 39.468, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 52.41, "rotation_up": 40.35, "upward_expansion": 22.61, "deceleration": 41.09, "rotation_down": 17.08, "downward_expansion": 54.28 }, "activity_lines": [ 40.612213, 40.056803, 40.260921, 40.670393 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 41.39, "trend_reference": 41.502564, "distance_from_trend": -0.002712, "trend_direction": "Weakening", "fair_value": 37.750182, "distance_from_fair_value": 0.096419, "fair_value_direction": "Weakening", "relative_strength": -13.421253, "relative_strength_direction": "Weakening", "price_momentum": -0.076925, "excess_performance": -0.20255, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002712, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.0336, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.096419, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.049039, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.134213, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.021438, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.076925, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.366019, "read": "Supply-led" } ], "volume": { "latest": 17381, "relative_activity": 0.289545, "balance": 0.366019, "dry_up": 0.528493, "accumulation_observations": 1, "distribution_observations": 6 }, "risk": { "range_context": 0.027448, "annualized_volatility": 0.182227, "from_high_reference": -0.099566, "from_low_reference": 0.078145 }, "levels": { "trend_reference": 41.502564, "fair_value_reference": 37.750182, "structural_low": 38.39, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.001693, "positive_rate": 0.518519, "directional_follow_through": 0.481481, "median_excess_return": -0.008512, "regime_survival": 0.851852, "best_return": 0.106882, "worst_return": -0.198312, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.003644, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.059194, "regime_survival": 0.6, "best_return": 0.306209, "worst_return": -0.164078, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.011674, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.069035, "regime_survival": 0.4, "best_return": 0.091889, "worst_return": -0.174111, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.059291, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.210292, "regime_survival": 0.333333, "best_return": 0.218254, "worst_return": -0.257385, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-03-15", "tenure": "New", "return": 0.000654, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-06-14", "tenure": "Established", "return": 0.070009, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.032813, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-08", "tenure": "Established", "return": 0.07793, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2025-01-10", "tenure": "Developing", "return": -0.049744, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.089543, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.037025, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.069317, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.055924, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-11-21", "tenure": "Extended", "return": 0.082503, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.009181, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.021612, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.002387, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": 0.047291, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 31.629903, "volume": 51097, "typical_volume": 46934.6, "trend": 32.619967, "fair_value": 39.009836, "relative_strength": -9.275555, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -4.471421, "energy": 11.286457, "activity_lines": [ 32.97636, 33.043039, 32.728288, 32.584189 ] }, { "date": "2023-08-25", "close": 32.028731, "volume": 25734, "typical_volume": 46548.85, "trend": 32.490469, "fair_value": 38.939405, "relative_strength": -8.604236, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.300104, "energy": 15.297485, "activity_lines": [ 32.555675, 32.870067, 32.681074, 32.546044 ] }, { "date": "2023-09-01", "close": 33.125556, "volume": 84498, "typical_volume": 45133.3, "trend": 32.457655, "fair_value": 38.88327, "relative_strength": -7.573625, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.701274, "energy": 23.357165, "activity_lines": [ 32.568023, 32.921627, 32.741298, 32.587018 ] }, { "date": "2023-09-08", "close": 32.322789, "volume": 27395, "typical_volume": 44564.75, "trend": 32.419062, "fair_value": 38.828253, "relative_strength": -8.449715, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.595333, "energy": 20.221735, "activity_lines": [ 32.427174, 32.803993, 32.722239, 32.578317 ] }, { "date": "2023-09-15", "close": 32.624702, "volume": 24419, "typical_volume": 44262.3, "trend": 32.403017, "fair_value": 38.770763, "relative_strength": -7.254313, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.226522, "energy": 14.452184, "activity_lines": [ 32.49858, 32.742077, 32.730166, 32.591584 ] }, { "date": "2023-09-22", "close": 32.262974, "volume": 31132, "typical_volume": 44024.5, "trend": 32.422033, "fair_value": 38.719271, "relative_strength": -5.315235, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.691557, "energy": 6.251619, "activity_lines": [ 32.470793, 32.609655, 32.701232, 32.582549 ] }, { "date": "2023-09-29", "close": 31.809915, "volume": 47209, "typical_volume": 43126.35, "trend": 32.384193, "fair_value": 38.658881, "relative_strength": -5.774598, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.713574, "energy": 18.844642, "activity_lines": [ 32.249781, 32.414755, 32.629446, 32.543057 ] }, { "date": "2023-10-06", "close": 31.653942, "volume": 34064, "typical_volume": 43695.35, "trend": 32.396892, "fair_value": 38.58753, "relative_strength": -6.440458, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.002099, "energy": 28.618296, "activity_lines": [ 31.991366, 32.213863, 32.542842, 32.495944 ] }, { "date": "2023-10-13", "close": 31.753318, "volume": 17572, "typical_volume": 38806.2, "trend": 32.417162, "fair_value": 38.515675, "relative_strength": -6.398596, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.176029, "energy": 37.165027, "activity_lines": [ 31.864184, 32.088993, 32.46623, 32.454424 ] }, { "date": "2023-10-20", "close": 30.56431, "volume": 22973, "typical_volume": 39184.2, "trend": 32.375065, "fair_value": 38.433123, "relative_strength": -7.544913, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.517603, "energy": 66.914865, "activity_lines": [ 31.37863, 31.788735, 32.274548, 32.334885 ] }, { "date": "2023-10-27", "close": 30.754828, "volume": 21161, "typical_volume": 39382.85, "trend": 32.313015, "fair_value": 38.359028, "relative_strength": -4.659892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.857145, "energy": 69.973277, "activity_lines": [ 31.093942, 31.566411, 32.107288, 32.230353 ] }, { "date": "2023-11-03", "close": 31.866512, "volume": 21351, "typical_volume": 38748.05, "trend": 32.286769, "fair_value": 38.271829, "relative_strength": -6.507897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.452136, "energy": 56.757611, "activity_lines": [ 31.280359, 31.562121, 32.053137, 32.201547 ] }, { "date": "2023-11-10", "close": 31.651576, "volume": 24855, "typical_volume": 38393.8, "trend": 32.257429, "fair_value": 38.18663, "relative_strength": -8.25174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.964126, "energy": 48.519895, "activity_lines": [ 31.391357, 31.521701, 31.985865, 32.160566 ] }, { "date": "2023-11-17", "close": 32.204011, "volume": 19307, "typical_volume": 38149.15, "trend": 32.265849, "fair_value": 38.101368, "relative_strength": -8.595412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.964103, "energy": 20.773943, "activity_lines": [ 31.686657, 31.608524, 31.97214, 32.15712 ] }, { "date": "2023-11-24", "close": 32.481128, "volume": 14847, "typical_volume": 38016.65, "trend": 32.277939, "fair_value": 38.013949, "relative_strength": -8.616646, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.036565, "energy": 18.091052, "activity_lines": [ 32.044284, 31.747891, 31.985588, 32.171009 ] }, { "date": "2023-12-01", "close": 32.254361, "volume": 20050, "typical_volume": 36586.1, "trend": 32.27558, "fair_value": 37.925989, "relative_strength": -9.755456, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.557403, "energy": 19.183054, "activity_lines": [ 32.198534, 31.848638, 31.976882, 32.169488 ] }, { "date": "2023-12-08", "close": 31.591477, "volume": 22031, "typical_volume": 34187.35, "trend": 32.268035, "fair_value": 37.834806, "relative_strength": -11.483018, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.212351, "energy": 20.236326, "activity_lines": [ 32.031854, 31.829017, 31.910296, 32.125352 ] }, { "date": "2023-12-15", "close": 32.22152, "volume": 18163, "typical_volume": 32422.15, "trend": 32.283267, "fair_value": 37.742865, "relative_strength": -11.481028, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.006836, "energy": 10.360373, "activity_lines": [ 32.093524, 31.927922, 31.910612, 32.122351 ] }, { "date": "2023-12-22", "close": 31.99645, "volume": 16510, "typical_volume": 30634.15, "trend": 32.30418, "fair_value": 37.657221, "relative_strength": -12.530446, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.577312, "energy": 7.361574, "activity_lines": [ 32.042174, 31.975585, 31.901969, 32.103847 ] }, { "date": "2023-12-29", "close": 32.674989, "volume": 28126, "typical_volume": 28624.7, "trend": 32.330607, "fair_value": 37.566905, "relative_strength": -10.611528, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.283129, "energy": 5.352846, "activity_lines": [ 32.230841, 32.142198, 31.967475, 32.12777 ] }, { "date": "2024-01-05", "close": 32.221228, "volume": 30603, "typical_volume": 27600.0, "trend": 32.328837, "fair_value": 37.458886, "relative_strength": -9.993445, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.244751, "energy": 11.553382, "activity_lines": [ 32.255331, 32.187933, 31.991054, 32.120713 ] }, { "date": "2024-01-12", "close": 32.045095, "volume": 35380, "typical_volume": 28082.3, "trend": 32.283348, "fair_value": 37.3506, "relative_strength": -11.627365, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.564542, "energy": 12.170004, "activity_lines": [ 32.223318, 32.174982, 31.995043, 32.102407 ] }, { "date": "2024-01-19", "close": 31.044202, "volume": 43175, "typical_volume": 26016.15, "trend": 32.256568, "fair_value": 37.223611, "relative_strength": -14.830289, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.379325, "energy": 21.614348, "activity_lines": [ 31.827433, 31.976803, 31.90363, 32.022463 ] }, { "date": "2024-01-26", "close": 31.394366, "volume": 13769, "typical_volume": 25334.85, "trend": 32.22411, "fair_value": 37.111382, "relative_strength": -14.193324, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.974958, "energy": 35.719345, "activity_lines": [ 31.626758, 31.853334, 31.855478, 31.966837 ] }, { "date": "2024-02-02", "close": 30.6776, "volume": 9314, "typical_volume": 24579.6, "trend": 32.167892, "fair_value": 36.976015, "relative_strength": -16.86238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.227868, "energy": 63.283872, "activity_lines": [ 31.227299, 31.614265, 31.743483, 31.867062 ] }, { "date": "2024-02-09", "close": 31.499492, "volume": 15264, "typical_volume": 23786.2, "trend": 32.105967, "fair_value": 36.834054, "relative_strength": -15.355531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.918734, "energy": 55.681868, "activity_lines": [ 31.234964, 31.557422, 31.719036, 31.823939 ] }, { "date": "2024-02-16", "close": 32.130055, "volume": 31958, "typical_volume": 23023.65, "trend": 32.075632, "fair_value": 36.698932, "relative_strength": -12.958442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.033226, "energy": 31.913083, "activity_lines": [ 31.500932, 31.628951, 31.758277, 31.825493 ] }, { "date": "2024-02-23", "close": 32.674989, "volume": 10413, "typical_volume": 21841.1, "trend": 32.003417, "fair_value": 36.594959, "relative_strength": -12.552653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.870277, "energy": 6.226109, "activity_lines": [ 31.94288, 31.789768, 31.847893, 31.864161 ] }, { "date": "2024-03-01", "close": 32.710923, "volume": 10958, "typical_volume": 21510.4, "trend": 31.960546, "fair_value": 36.492548, "relative_strength": -12.877913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.261538, "energy": 27.313307, "activity_lines": [ 32.288088, 31.948872, 31.936069, 31.909807 ] }, { "date": "2024-03-08", "close": 32.396406, "volume": 21680, "typical_volume": 21445.75, "trend": 31.942245, "fair_value": 36.388868, "relative_strength": -13.092027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.402675, "energy": 28.908135, "activity_lines": [ 32.440686, 32.037802, 31.989731, 31.937927 ] }, { "date": "2024-03-15", "close": 32.73233, "volume": 206712, "typical_volume": 30723.3, "trend": 31.978993, "fair_value": 36.286364, "relative_strength": -11.749503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.013771, "energy": 55.229302, "activity_lines": [ 32.590672, 32.192874, 32.066662, 31.9889 ] }, { "date": "2024-03-22", "close": 32.33419, "volume": 12912, "typical_volume": 30301.35, "trend": 31.989174, "fair_value": 36.192615, "relative_strength": -14.28321, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.001787, "energy": 51.401698, "activity_lines": [ 32.525755, 32.266263, 32.096257, 32.011816 ] }, { "date": "2024-03-29", "close": 32.617648, "volume": 10797, "typical_volume": 29598.45, "trend": 31.972244, "fair_value": 36.095692, "relative_strength": -13.414239, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.48201, "energy": 41.718414, "activity_lines": [ 32.541715, 32.385935, 32.150622, 32.052363 ] }, { "date": "2024-04-05", "close": 32.80286, "volume": 9390, "typical_volume": 29102.6, "trend": 31.988247, "fair_value": 36.004549, "relative_strength": -11.726247, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.216829, "energy": 38.84554, "activity_lines": [ 32.623235, 32.510673, 32.218025, 32.105951 ] }, { "date": "2024-04-12", "close": 32.337822, "volume": 7719, "typical_volume": 28746.2, "trend": 31.978684, "fair_value": 35.906521, "relative_strength": -11.28851, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.629278, "energy": 27.235617, "activity_lines": [ 32.543614, 32.52525, 32.238288, 32.128504 ] }, { "date": "2024-04-19", "close": 32.272071, "volume": 17216, "typical_volume": 28604.5, "trend": 31.978987, "fair_value": 35.805316, "relative_strength": -8.330885, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.171168, "energy": 22.179481, "activity_lines": [ 32.445981, 32.497686, 32.252971, 32.147432 ] }, { "date": "2024-04-26", "close": 33.794005, "volume": 11033, "typical_volume": 28054.6, "trend": 32.045123, "fair_value": 35.717426, "relative_strength": -6.181077, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.073651, "energy": 51.515195, "activity_lines": [ 32.886343, 32.732791, 32.412516, 32.26453 ] }, { "date": "2024-05-03", "close": 34.936339, "volume": 21756, "typical_volume": 28234.25, "trend": 32.154537, "fair_value": 35.635801, "relative_strength": -3.291898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.354375, "energy": 78.738588, "activity_lines": [ 33.610162, 33.145339, 32.670366, 32.45106 ] }, { "date": "2024-05-10", "close": 34.777408, "volume": 10733, "typical_volume": 27945.4, "trend": 32.25534, "fair_value": 35.560796, "relative_strength": -5.196148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.819325, "energy": 88.221293, "activity_lines": [ 34.126425, 33.487875, 32.900152, 32.620278 ] }, { "date": "2024-05-17", "close": 36.146718, "volume": 34152, "typical_volume": 28246.7, "trend": 32.44142, "fair_value": 35.491777, "relative_strength": -2.834661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.726395, "energy": 96.487208, "activity_lines": [ 34.967488, 34.041804, 33.247106, 32.871335 ] }, { "date": "2024-05-24", "close": 35.199249, "volume": 18398, "typical_volume": 27636.45, "trend": 32.589567, "fair_value": 35.406189, "relative_strength": -5.138585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.81251, "energy": 87.735923, "activity_lines": [ 35.238802, 34.355279, 33.487293, 33.049259 ] }, { "date": "2024-05-31", "close": 34.3376, "volume": 8335, "typical_volume": 26284.2, "trend": 32.671937, "fair_value": 35.309785, "relative_strength": -6.829582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.95512, "energy": 84.69217, "activity_lines": [ 35.027754, 34.467237, 33.631237, 33.162035 ] }, { "date": "2024-06-07", "close": 34.513542, "volume": 7455, "typical_volume": 24498.2, "trend": 32.767336, "fair_value": 35.217334, "relative_strength": -7.222082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.078171, "energy": 58.546246, "activity_lines": [ 34.839113, 34.574759, 33.78102, 33.280849 ] }, { "date": "2024-06-14", "close": 34.597876, "volume": 14175, "typical_volume": 24518.5, "trend": 32.847131, "fair_value": 35.130606, "relative_strength": -8.165909, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.624874, "energy": 46.592785, "activity_lines": [ 34.706771, 34.663143, 33.922315, 33.398948 ] }, { "date": "2024-06-21", "close": 34.521175, "volume": 20949, "typical_volume": 25100.25, "trend": 32.915133, "fair_value": 35.034979, "relative_strength": -8.673507, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.44491, "energy": 33.99509, "activity_lines": [ 34.56083, 34.704945, 34.04105, 33.506951 ] }, { "date": "2024-06-28", "close": 34.443323, "volume": 10153, "typical_volume": 24844.7, "trend": 32.988098, "fair_value": 34.945648, "relative_strength": -8.558416, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.072561, "energy": 31.587895, "activity_lines": [ 34.497308, 34.692895, 34.134068, 33.605544 ] }, { "date": "2024-07-05", "close": 35.038593, "volume": 12711, "typical_volume": 23882.35, "trend": 33.103002, "fair_value": 34.868684, "relative_strength": -8.428941, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.654878, "energy": 37.044446, "activity_lines": [ 34.682605, 34.749599, 34.26976, 33.737834 ] }, { "date": "2024-07-12", "close": 35.653927, "volume": 13059, "typical_volume": 24014.65, "trend": 33.217416, "fair_value": 34.795031, "relative_strength": -7.411075, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.588727, "energy": 49.942785, "activity_lines": [ 35.02628, 34.895552, 34.450205, 33.902409 ] }, { "date": "2024-07-19", "close": 34.526839, "volume": 14886, "typical_volume": 24211.05, "trend": 33.301762, "fair_value": 34.722258, "relative_strength": -8.253965, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.145059, "energy": 39.456246, "activity_lines": [ 34.918234, 34.823534, 34.509123, 33.986888 ] }, { "date": "2024-07-26", "close": 34.302017, "volume": 127677, "typical_volume": 29510.9, "trend": 33.355996, "fair_value": 34.658225, "relative_strength": -7.718874, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.282256, "energy": 34.533381, "activity_lines": [ 34.739982, 34.715194, 34.537982, 34.051421 ] }, { "date": "2024-08-02", "close": 33.939728, "volume": 58577, "typical_volume": 22104.15, "trend": 33.41328, "fair_value": 34.591466, "relative_strength": -6.361006, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.307749, "energy": 17.446518, "activity_lines": [ 34.455578, 34.574524, 34.523264, 34.089081 ] }, { "date": "2024-08-09", "close": 34.277442, "volume": 16480, "typical_volume": 22282.55, "trend": 33.487691, "fair_value": 34.524927, "relative_strength": -5.159515, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.823571, "energy": 16.807645, "activity_lines": [ 34.317319, 34.518157, 34.534958, 34.144833 ] }, { "date": "2024-08-16", "close": 35.019298, "volume": 20692, "typical_volume": 22777.3, "trend": 33.620194, "fair_value": 34.478098, "relative_strength": -6.560555, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.840822, "energy": 17.871391, "activity_lines": [ 34.477088, 34.597766, 34.608053, 34.243647 ] }, { "date": "2024-08-23", "close": 35.188155, "volume": 16966, "typical_volume": 23156.1, "trend": 33.746654, "fair_value": 34.421855, "relative_strength": -7.119646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.682471, "energy": 28.189333, "activity_lines": [ 34.735451, 34.698881, 34.685792, 34.344806 ] }, { "date": "2024-08-30", "close": 35.02045, "volume": 14425, "typical_volume": 23491.4, "trend": 33.891416, "fair_value": 34.353864, "relative_strength": -7.491223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.699648, "energy": 36.538773, "activity_lines": [ 34.893825, 34.758772, 34.736201, 34.426986 ] }, { "date": "2024-09-06", "close": 34.17175, "volume": 2766, "typical_volume": 22768.9, "trend": 33.980491, "fair_value": 34.282373, "relative_strength": -5.55811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.166815, "energy": 22.500203, "activity_lines": [ 34.721404, 34.655276, 34.693007, 34.445072 ] }, { "date": "2024-09-13", "close": 34.652594, "volume": 12840, "typical_volume": 22859.25, "trend": 34.064576, "fair_value": 34.222124, "relative_strength": -7.581568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.328594, "energy": 20.100079, "activity_lines": [ 34.693795, 34.644144, 34.686561, 34.488434 ] }, { "date": "2024-09-20", "close": 35.513293, "volume": 9408, "typical_volume": 22241.85, "trend": 34.159186, "fair_value": 34.172823, "relative_strength": -6.249921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.585938, "energy": 31.191337, "activity_lines": [ 34.928076, 34.796521, 34.757999, 34.581899 ] }, { "date": "2024-09-27", "close": 38.998327, "volume": 26085, "typical_volume": 23009.45, "trend": 34.368766, "fair_value": 34.145642, "relative_strength": 2.58246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.068064, "energy": 79.131605, "activity_lines": [ 36.291103, 35.585098, 35.158597, 34.894102 ] }, { "date": "2024-10-04", "close": 41.047839, "volume": 22965, "typical_volume": 22450.1, "trend": 34.657147, "fair_value": 34.125082, "relative_strength": 7.784132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.970347, "energy": 96.740605, "activity_lines": [ 38.083288, 36.665013, 35.734286, 35.32501 ] }, { "date": "2024-10-11", "close": 39.196943, "volume": 27459, "typical_volume": 22903.15, "trend": 34.872634, "fair_value": 34.086898, "relative_strength": 1.957169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.39231, "energy": 89.286427, "activity_lines": [ 38.856682, 37.28575, 36.110362, 35.6179 ] }, { "date": "2024-10-18", "close": 38.159611, "volume": 51848, "typical_volume": 25078.8, "trend": 35.066815, "fair_value": 34.0412, "relative_strength": -1.3551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.491282, "energy": 87.13777, "activity_lines": [ 38.949286, 37.622296, 36.368607, 35.829963 ] }, { "date": "2024-10-25", "close": 37.467193, "volume": 14436, "typical_volume": 25427.85, "trend": 35.228466, "fair_value": 34.001027, "relative_strength": -1.897467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.50709, "energy": 78.910318, "activity_lines": [ 38.577283, 37.762363, 36.542708, 35.984826 ] }, { "date": "2024-11-01", "close": 37.217604, "volume": 17514, "typical_volume": 25594.8, "trend": 35.375624, "fair_value": 33.961364, "relative_strength": -0.922093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.982886, "energy": 46.302325, "activity_lines": [ 37.991823, 37.812543, 36.678973, 36.113157 ] }, { "date": "2024-11-08", "close": 37.217508, "volume": 12830, "typical_volume": 25188.85, "trend": 35.538281, "fair_value": 33.911816, "relative_strength": -5.125371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.05638, "energy": 27.54517, "activity_lines": [ 37.525047, 37.825806, 36.802754, 36.231989 ] }, { "date": "2024-11-15", "close": 35.99836, "volume": 26300, "typical_volume": 25996.2, "trend": 35.66249, "fair_value": 33.862861, "relative_strength": -5.982373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.467658, "energy": 24.10119, "activity_lines": [ 36.907243, 37.577459, 36.797587, 36.261671 ] }, { "date": "2024-11-22", "close": 35.782465, "volume": 19049, "typical_volume": 26313.1, "trend": 35.728772, "fair_value": 33.823924, "relative_strength": -7.746206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.231117, "energy": 21.987, "activity_lines": [ 36.430713, 37.256648, 36.764452, 36.269412 ] }, { "date": "2024-11-29", "close": 36.200047, "volume": 15385, "typical_volume": 26429.4, "trend": 35.770896, "fair_value": 33.792593, "relative_strength": -7.45592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.876058, "energy": 21.924548, "activity_lines": [ 36.251853, 36.991217, 36.767546, 36.299816 ] }, { "date": "2024-12-06", "close": 36.650076, "volume": 24710, "typical_volume": 26920.6, "trend": 35.833318, "fair_value": 33.755936, "relative_strength": -6.860242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.560517, "energy": 16.569425, "activity_lines": [ 36.307479, 36.795124, 36.810898, 36.356538 ] }, { "date": "2024-12-13", "close": 36.788022, "volume": 21249, "typical_volume": 21599.2, "trend": 35.854695, "fair_value": 33.731448, "relative_strength": -5.716894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.307954, "energy": 11.846449, "activity_lines": [ 36.446923, 36.666807, 36.857278, 36.418131 ] }, { "date": "2024-12-20", "close": 36.089426, "volume": 37413, "typical_volume": 20541.0, "trend": 35.884367, "fair_value": 33.69965, "relative_strength": -5.57066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.351443, "energy": 7.02058, "activity_lines": [ 36.382134, 36.488924, 36.825287, 36.433275 ] }, { "date": "2024-12-27", "close": 36.067127, "volume": 12482, "typical_volume": 20341.1, "trend": 35.942018, "fair_value": 33.666543, "relative_strength": -5.989272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.245749, "energy": 6.845778, "activity_lines": [ 36.30384, 36.363487, 36.780935, 36.445066 ] }, { "date": "2025-01-03", "close": 35.718354, "volume": 21547, "typical_volume": 20383.85, "trend": 35.982179, "fair_value": 33.632381, "relative_strength": -6.153902, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.793826, "energy": 18.863636, "activity_lines": [ 36.090312, 36.212682, 36.694844, 36.430636 ] }, { "date": "2025-01-10", "close": 34.20766, "volume": 22147, "typical_volume": 20642.9, "trend": 35.969172, "fair_value": 33.582453, "relative_strength": -8.097003, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.163494, "energy": 58.374493, "activity_lines": [ 35.405331, 35.819002, 36.46155, 36.316151 ] }, { "date": "2025-01-17", "close": 35.26943, "volume": 17429, "typical_volume": 20793.1, "trend": 35.994113, "fair_value": 33.542815, "relative_strength": -7.784115, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.617554, "energy": 54.01654, "activity_lines": [ 35.237102, 35.673097, 36.334045, 36.271007 ] }, { "date": "2025-01-24", "close": 35.758943, "volume": 71407, "typical_volume": 24225.15, "trend": 36.037967, "fair_value": 33.516748, "relative_strength": -7.924447, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.664875, "energy": 52.559958, "activity_lines": [ 35.333283, 35.651615, 36.251974, 36.255834 ] }, { "date": "2025-01-31", "close": 36.309879, "volume": 12094, "typical_volume": 24187.85, "trend": 36.080344, "fair_value": 33.485138, "relative_strength": -5.478766, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.836674, "energy": 30.288178, "activity_lines": [ 35.635142, 35.734656, 36.214816, 36.273377 ] }, { "date": "2025-02-07", "close": 36.823452, "volume": 29440, "typical_volume": 25189.45, "trend": 36.119328, "fair_value": 33.459832, "relative_strength": -3.905984, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 8.749588, "energy": 10.791536, "activity_lines": [ 36.092008, 35.901484, 36.218677, 36.32132 ] }, { "date": "2025-02-14", "close": 38.427551, "volume": 79241, "typical_volume": 27847.25, "trend": 36.249351, "fair_value": 33.445563, "relative_strength": -1.12549, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 57.537709, "energy": 42.584514, "activity_lines": [ 37.009901, 36.348632, 36.369072, 36.470237 ] }, { "date": "2025-02-21", "close": 39.04558, "volume": 25604, "typical_volume": 27979.2, "trend": 36.40747, "fair_value": 33.447697, "relative_strength": 2.10162, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 74.895174, "energy": 69.441489, "activity_lines": [ 37.852477, 36.875831, 36.581043, 36.650639 ] }, { "date": "2025-02-28", "close": 37.599925, "volume": 59261, "typical_volume": 29569.3, "trend": 36.529477, "fair_value": 33.463368, "relative_strength": -0.685999, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 52.992607, "energy": 66.217187, "activity_lines": [ 37.961425, 37.099138, 36.664869, 36.727572 ] }, { "date": "2025-03-07", "close": 39.249112, "volume": 290176, "typical_volume": 41485.7, "trend": 36.695199, "fair_value": 33.50544, "relative_strength": 6.827062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.506317, "energy": 79.758812, "activity_lines": [ 38.49737, 37.594832, 36.913364, 36.903032 ] }, { "date": "2025-03-14", "close": 39.728356, "volume": 164566, "typical_volume": 48992.2, "trend": 36.852168, "fair_value": 33.531055, "relative_strength": 10.458232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.005164, "energy": 81.892865, "activity_lines": [ 38.997114, 38.119808, 37.202313, 37.098719 ] }, { "date": "2025-03-21", "close": 39.552307, "volume": 141218, "typical_volume": 55177.4, "trend": 36.997639, "fair_value": 33.557608, "relative_strength": 9.172375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.194711, "energy": 72.313566, "activity_lines": [ 39.244515, 38.539866, 37.463729, 37.272922 ] }, { "date": "2025-03-28", "close": 39.221629, "volume": 61817, "typical_volume": 57626.75, "trend": 37.137679, "fair_value": 33.575487, "relative_strength": 9.636568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.880389, "energy": 68.180473, "activity_lines": [ 39.306706, 38.802625, 37.682534, 37.416405 ] }, { "date": "2025-04-04", "close": 36.305184, "volume": 161760, "typical_volume": 64399.75, "trend": 37.208793, "fair_value": 33.578805, "relative_strength": 11.344313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.930012, "energy": 25.835262, "activity_lines": [ 38.385012, 38.463264, 37.614038, 37.362696 ] }, { "date": "2025-04-11", "close": 36.528473, "volume": 75325, "typical_volume": 67213.55, "trend": 37.271323, "fair_value": 33.588332, "relative_strength": 5.879877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.820444, "energy": 15.400142, "activity_lines": [ 37.624064, 38.154568, 37.565348, 37.318804 ] }, { "date": "2025-04-18", "close": 36.901794, "volume": 26097, "typical_volume": 67749.15, "trend": 37.317606, "fair_value": 33.612775, "relative_strength": 8.35982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.016743, "energy": 19.956081, "activity_lines": [ 37.168932, 37.909775, 37.548659, 37.294964 ] }, { "date": "2025-04-25", "close": 38.349307, "volume": 53312, "typical_volume": 69179.25, "trend": 37.295972, "fair_value": 33.643781, "relative_strength": 7.581202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.615852, "energy": 25.127289, "activity_lines": [ 37.384742, 37.926742, 37.666487, 37.361525 ] }, { "date": "2025-05-02", "close": 39.20999, "volume": 13019, "typical_volume": 68767.75, "trend": 37.23471, "fair_value": 33.690874, "relative_strength": 6.867593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.068046, "energy": 20.808719, "activity_lines": [ 37.967646, 38.101619, 37.858193, 37.48501 ] }, { "date": "2025-05-09", "close": 38.965478, "volume": 114096, "typical_volume": 72601.9, "trend": 37.226995, "fair_value": 33.736695, "relative_strength": 6.611397, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 53.282905, "energy": 32.349857, "activity_lines": [ 38.469822, 38.22905, 38.015079, 37.596673 ] }, { "date": "2025-05-16", "close": 40.001525, "volume": 26594, "typical_volume": 73307.5, "trend": 37.288392, "fair_value": 33.783853, "relative_strength": 4.002308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.1983, "energy": 60.721997, "activity_lines": [ 39.139994, 38.520024, 38.256941, 37.775674 ] }, { "date": "2025-05-23", "close": 40.097863, "volume": 24214, "typical_volume": 73440.85, "trend": 37.376081, "fair_value": 33.827603, "relative_strength": 6.908571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.233478, "energy": 69.565261, "activity_lines": [ 39.610742, 38.814835, 38.489242, 37.956931 ] }, { "date": "2025-05-30", "close": 39.224856, "volume": 17078, "typical_volume": 73187.4, "trend": 37.442989, "fair_value": 33.862363, "relative_strength": 2.738157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.871913, "energy": 63.929235, "activity_lines": [ 39.577417, 38.944199, 38.617546, 38.076206 ] }, { "date": "2025-06-06", "close": 40.214055, "volume": 30637, "typical_volume": 73847.8, "trend": 37.542874, "fair_value": 33.901563, "relative_strength": 3.56373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.185001, "energy": 68.030508, "activity_lines": [ 39.815454, 39.259371, 38.816167, 38.254985 ] }, { "date": "2025-06-13", "close": 39.899319, "volume": 24502, "typical_volume": 71502.55, "trend": 37.672906, "fair_value": 33.945415, "relative_strength": 3.051738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.917371, "energy": 56.009064, "activity_lines": [ 39.881642, 39.499274, 38.961267, 38.407014 ] }, { "date": "2025-06-20", "close": 39.58773, "volume": 42896, "typical_volume": 73042.65, "trend": 37.799748, "fair_value": 33.978338, "relative_strength": 2.337985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.863029, "energy": 39.830008, "activity_lines": [ 39.781711, 39.617176, 39.056977, 38.530551 ] }, { "date": "2025-06-27", "close": 40.840586, "volume": 14002, "typical_volume": 72270.75, "trend": 37.954433, "fair_value": 34.020304, "relative_strength": 1.964139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.85519, "energy": 49.054379, "activity_lines": [ 40.126985, 39.907248, 39.256397, 38.726734 ] }, { "date": "2025-07-04", "close": 40.814477, "volume": 16380, "typical_volume": 69127.7, "trend": 38.093246, "fair_value": 34.060614, "relative_strength": 0.160675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.136679, "energy": 59.589675, "activity_lines": [ 40.414041, 40.120958, 39.434201, 38.911253 ] }, { "date": "2025-07-11", "close": 40.584911, "volume": 38999, "typical_volume": 69797.45, "trend": 38.219809, "fair_value": 34.112135, "relative_strength": -0.146254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.927666, "energy": 66.039353, "activity_lines": [ 40.5186, 40.248108, 39.578776, 39.072005 ] }, { "date": "2025-07-18", "close": 41.245626, "volume": 46616, "typical_volume": 69165.2, "trend": 38.391683, "fair_value": 34.165926, "relative_strength": 0.778095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.716386, "energy": 76.849371, "activity_lines": [ 40.818674, 40.470389, 39.778946, 39.267219 ] }, { "date": "2025-07-25", "close": 41.673623, "volume": 19827, "typical_volume": 55647.75, "trend": 38.578566, "fair_value": 34.222223, "relative_strength": 0.254299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.286286, "energy": 83.291072, "activity_lines": [ 41.171659, 40.72903, 40.002517, 39.478957 ] }, { "date": "2025-08-01", "close": 40.339877, "volume": 58382, "typical_volume": 50338.55, "trend": 38.732617, "fair_value": 34.269268, "relative_strength": -0.565446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.925926, "energy": 56.12428, "activity_lines": [ 40.941004, 40.714771, 40.087519, 39.59259 ] }, { "date": "2025-08-08", "close": 41.031726, "volume": 24393, "typical_volume": 44497.3, "trend": 38.960085, "fair_value": 34.316628, "relative_strength": -1.293274, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.764929, "energy": 49.997731, "activity_lines": [ 40.974345, 40.821902, 40.235499, 39.74092 ] }, { "date": "2025-08-15", "close": 41.794711, "volume": 42525, "typical_volume": 43532.7, "trend": 39.177595, "fair_value": 34.373887, "relative_strength": -0.465152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.882536, "energy": 55.199874, "activity_lines": [ 41.247531, 41.034905, 40.4491, 39.923799 ] }, { "date": "2025-08-22", "close": 42.848939, "volume": 24336, "typical_volume": 36661.5, "trend": 39.413928, "fair_value": 34.433228, "relative_strength": 1.659181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.088863, "energy": 62.113954, "activity_lines": [ 41.791473, 41.410847, 40.750851, 40.16066 ] }, { "date": "2025-08-29", "close": 42.501832, "volume": 29733, "typical_volume": 34381.9, "trend": 39.620326, "fair_value": 34.496203, "relative_strength": 0.787614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.884422, "energy": 75.554585, "activity_lines": [ 42.112825, 41.670049, 40.988383, 40.35988 ] }, { "date": "2025-09-05", "close": 42.715929, "volume": 21393, "typical_volume": 34146.7, "trend": 39.816742, "fair_value": 34.559003, "relative_strength": 0.894032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.104468, "energy": 83.036796, "activity_lines": [ 42.450329, 41.915194, 41.217861, 40.559596 ] }, { "date": "2025-09-12", "close": 44.041103, "volume": 28515, "typical_volume": 32906.85, "trend": 40.003861, "fair_value": 34.638157, "relative_strength": 2.277492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.264737, "energy": 92.641625, "activity_lines": [ 43.071154, 42.367183, 41.54586, 40.832135 ] }, { "date": "2025-09-19", "close": 44.562207, "volume": 19595, "typical_volume": 33235.65, "trend": 40.187748, "fair_value": 34.72875, "relative_strength": 2.108576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.513374, "energy": 92.885412, "activity_lines": [ 43.665056, 42.855252, 41.896383, 41.126222 ] }, { "date": "2025-09-26", "close": 44.012925, "volume": 44279, "typical_volume": 29744.8, "trend": 40.401515, "fair_value": 34.820703, "relative_strength": 1.212388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.174454, "energy": 87.84887, "activity_lines": [ 43.891363, 43.171137, 42.169108, 41.373008 ] }, { "date": "2025-10-03", "close": 44.981139, "volume": 20342, "typical_volume": 29432.2, "trend": 40.592583, "fair_value": 34.915649, "relative_strength": 2.455305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.694433, "energy": 90.25259, "activity_lines": [ 44.36281, 43.612746, 42.510008, 41.668467 ] }, { "date": "2025-10-10", "close": 42.934066, "volume": 36851, "typical_volume": 30064.05, "trend": 40.69944, "fair_value": 35.007581, "relative_strength": 0.296565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.447499, "energy": 59.268304, "activity_lines": [ 43.986612, 43.622024, 42.632236, 41.819531 ] }, { "date": "2025-10-17", "close": 44.159334, "volume": 20549, "typical_volume": 30237.6, "trend": 40.853007, "fair_value": 35.103272, "relative_strength": 1.381572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.58364, "energy": 54.301312, "activity_lines": [ 44.004294, 43.806911, 42.85765, 42.04275 ] }, { "date": "2025-10-24", "close": 44.642112, "volume": 25776, "typical_volume": 29994.55, "trend": 41.03369, "fair_value": 35.213192, "relative_strength": 0.531195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.423281, "energy": 55.538237, "activity_lines": [ 44.17502, 44.022709, 43.105546, 42.287208 ] }, { "date": "2025-10-31", "close": 44.25786, "volume": 30079, "typical_volume": 30273.4, "trend": 41.298779, "fair_value": 35.305979, "relative_strength": -1.005742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.579967, "energy": 46.077133, "activity_lines": [ 44.212335, 44.116873, 43.29576, 42.495219 ] }, { "date": "2025-11-07", "close": 44.316976, "volume": 26263, "typical_volume": 29441.75, "trend": 41.558396, "fair_value": 35.394404, "relative_strength": 0.67394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.867897, "energy": 48.249781, "activity_lines": [ 44.253026, 44.196169, 43.47085, 42.689941 ] }, { "date": "2025-11-14", "close": 44.489396, "volume": 73632, "typical_volume": 32423.25, "trend": 41.811316, "fair_value": 35.482922, "relative_strength": 0.802733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.336548, "energy": 48.317164, "activity_lines": [ 44.395468, 44.273811, 43.63984, 42.879038 ] }, { "date": "2025-11-21", "close": 43.301764, "volume": 65031, "typical_volume": 34855.8, "trend": 41.976398, "fair_value": 35.567486, "relative_strength": -0.110733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.709035, "energy": 32.319519, "activity_lines": [ 44.038344, 44.103275, 43.678347, 42.975196 ] }, { "date": "2025-11-28", "close": 44.141797, "volume": 14160, "typical_volume": 33613.85, "trend": 42.140791, "fair_value": 35.641152, "relative_strength": -1.911237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.649873, "energy": 29.28717, "activity_lines": [ 44.018403, 44.098915, 43.785014, 43.114899 ] }, { "date": "2025-12-05", "close": 44.040118, "volume": 37792, "typical_volume": 33172.65, "trend": 42.309946, "fair_value": 35.714703, "relative_strength": -2.556467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.119418, "energy": 24.595802, "activity_lines": [ 43.997923, 44.083711, 43.865058, 43.237437 ] }, { "date": "2025-12-12", "close": 43.409355, "volume": 22726, "typical_volume": 33317.6, "trend": 42.42354, "fair_value": 35.787984, "relative_strength": -3.456151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.486033, "energy": 19.063854, "activity_lines": [ 43.781704, 43.953329, 43.871723, 43.308366 ] }, { "date": "2025-12-19", "close": 43.836859, "volume": 206085, "typical_volume": 40702.75, "trend": 42.548174, "fair_value": 35.864367, "relative_strength": -2.697817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.465064, "energy": 17.364765, "activity_lines": [ 43.768495, 43.929253, 43.910838, 43.399548 ] }, { "date": "2025-12-26", "close": 44.099967, "volume": 39384, "typical_volume": 41452.3, "trend": 42.710677, "fair_value": 35.940293, "relative_strength": -3.563791, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.651378, "energy": 15.20496, "activity_lines": [ 43.886491, 43.9366, 43.958358, 43.499664 ] }, { "date": "2026-01-02", "close": 44.771237, "volume": 20769, "typical_volume": 40364.5, "trend": 42.862583, "fair_value": 36.007696, "relative_strength": -1.201376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.212503, "energy": 30.145163, "activity_lines": [ 44.175031, 44.067076, 44.055198, 43.632603 ] }, { "date": "2026-01-09", "close": 44.547082, "volume": 47046, "typical_volume": 41500.0, "trend": 43.017509, "fair_value": 36.067133, "relative_strength": -3.367689, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.355769, "energy": 36.294038, "activity_lines": [ 44.346889, 44.154449, 44.116515, 43.74128 ] }, { "date": "2026-01-16", "close": 44.44666, "volume": 30258, "typical_volume": 41526.25, "trend": 43.179473, "fair_value": 36.124149, "relative_strength": -3.376855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.603873, "energy": 42.155505, "activity_lines": [ 44.451475, 44.218304, 44.160183, 43.833484 ] }, { "date": "2026-01-23", "close": 44.638736, "volume": 37199, "typical_volume": 42316.55, "trend": 43.306078, "fair_value": 36.180079, "relative_strength": -2.765068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.315071, "energy": 45.030992, "activity_lines": [ 44.550934, 44.314724, 44.212882, 43.92763 ] }, { "date": "2026-01-30", "close": 44.711661, "volume": 69726, "typical_volume": 44377.1, "trend": 43.435984, "fair_value": 36.248038, "relative_strength": -3.091898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.877964, "energy": 38.99224, "activity_lines": [ 44.621242, 44.421689, 44.26337, 44.018312 ] }, { "date": "2026-02-06", "close": 44.83928, "volume": 49126, "typical_volume": 45853.65, "trend": 43.577797, "fair_value": 36.32085, "relative_strength": -2.707113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.789855, "energy": 33.88704, "activity_lines": [ 44.69331, 44.526222, 44.322819, 44.108848 ] }, { "date": "2026-02-13", "close": 44.232169, "volume": 69822, "typical_volume": 47130.8, "trend": 43.677348, "fair_value": 36.392172, "relative_strength": -2.806968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.139693, "energy": 26.743999, "activity_lines": [ 44.558472, 44.50769, 44.323129, 44.151065 ] }, { "date": "2026-02-20", "close": 44.739357, "volume": 24368, "typical_volume": 47332.1, "trend": 43.779539, "fair_value": 36.475805, "relative_strength": -2.760967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.24834, "energy": 27.46693, "activity_lines": [ 44.613691, 44.577882, 44.370699, 44.219582 ] }, { "date": "2026-02-27", "close": 43.486081, "volume": 96094, "typical_volume": 50294.25, "trend": 43.884413, "fair_value": 36.543375, "relative_strength": -4.993711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.42526, "energy": 8.796838, "activity_lines": [ 44.231637, 44.396024, 44.30006, 44.200649 ] }, { "date": "2026-03-06", "close": 41.401638, "volume": 47614, "typical_volume": 51647.5, "trend": 43.896743, "fair_value": 36.608303, "relative_strength": -7.520276, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.990497, "energy": 41.929223, "activity_lines": [ 43.231614, 43.841554, 44.028274, 44.04047 ] }, { "date": "2026-03-13", "close": 41.302811, "volume": 17927, "typical_volume": 51255.05, "trend": 43.880346, "fair_value": 36.673416, "relative_strength": -6.089931, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.85479, "energy": 74.872547, "activity_lines": [ 42.419316, 43.318176, 43.760208, 43.87312 ] }, { "date": "2026-03-20", "close": 39.521027, "volume": 101591, "typical_volume": 54830.65, "trend": 43.769416, "fair_value": 36.722735, "relative_strength": -8.2288, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.080559, "energy": 88.749163, "activity_lines": [ 41.248854, 42.533899, 43.338349, 43.591873 ] }, { "date": "2026-03-27", "close": 39.535174, "volume": 31229, "typical_volume": 55078.95, "trend": 43.670527, "fair_value": 36.767087, "relative_strength": -5.852869, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.784393, "energy": 89.966521, "activity_lines": [ 40.397185, 41.843578, 42.940394, 43.318696 ] }, { "date": "2026-04-03", "close": 40.554033, "volume": 35864, "typical_volume": 53190.55, "trend": 43.598464, "fair_value": 36.817728, "relative_strength": -6.333073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.218478, "energy": 84.805647, "activity_lines": [ 40.23208, 41.427803, 42.662244, 43.117632 ] }, { "date": "2026-04-10", "close": 42.042622, "volume": 145745, "typical_volume": 57226.25, "trend": 43.531848, "fair_value": 36.878695, "relative_strength": -6.071669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.893087, "energy": 69.173277, "activity_lines": [ 40.758642, 41.356948, 42.544605, 43.017255 ] }, { "date": "2026-04-17", "close": 43.745105, "volume": 34771, "typical_volume": 58256.8, "trend": 43.504611, "fair_value": 36.954296, "relative_strength": -6.235725, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.76181, "energy": 26.927329, "activity_lines": [ 41.809966, 41.644164, 42.595102, 43.031014 ] }, { "date": "2026-04-24", "close": 42.204811, "volume": 16643, "typical_volume": 57199.35, "trend": 43.444341, "fair_value": 37.018952, "relative_strength": -9.719346, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.42117, "energy": 22.76686, "activity_lines": [ 42.185039, 41.67122, 42.500794, 42.947156 ] }, { "date": "2026-05-01", "close": 42.144638, "volume": 60891, "typical_volume": 59107.6, "trend": 43.349791, "fair_value": 37.081898, "relative_strength": -10.384935, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.120717, "energy": 25.669985, "activity_lines": [ 42.361135, 41.724197, 42.409494, 42.863304 ] }, { "date": "2026-05-08", "close": 42.554592, "volume": 45077, "typical_volume": 51057.2, "trend": 43.337142, "fair_value": 37.150723, "relative_strength": -11.277428, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.793413, "energy": 23.177703, "activity_lines": [ 42.499918, 41.898888, 42.36326, 42.812001 ] }, { "date": "2026-05-15", "close": 40.606934, "volume": 131887, "typical_volume": 55682.35, "trend": 43.218728, "fair_value": 37.207405, "relative_strength": -15.185649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.447633, "energy": 26.036689, "activity_lines": [ 41.856112, 41.736395, 42.137641, 42.635858 ] }, { "date": "2026-05-22", "close": 40.407685, "volume": 80466, "typical_volume": 58667.2, "trend": 43.077581, "fair_value": 37.265345, "relative_strength": -15.938745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.078127, "energy": 38.286691, "activity_lines": [ 41.241602, 41.552124, 41.909679, 42.454501 ] }, { "date": "2026-05-29", "close": 40.295807, "volume": 22994, "typical_volume": 57464.6, "trend": 42.945512, "fair_value": 37.319279, "relative_strength": -17.025011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.616527, "energy": 53.369412, "activity_lines": [ 40.812293, 41.363787, 41.691842, 42.275031 ] }, { "date": "2026-06-05", "close": 39.232116, "volume": 77918, "typical_volume": 59847.6, "trend": 42.776017, "fair_value": 37.36388, "relative_strength": -16.775476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.979607, "energy": 74.29242, "activity_lines": [ 40.155688, 40.967964, 41.392944, 42.035457 ] }, { "date": "2026-06-12", "close": 39.823686, "volume": 125742, "typical_volume": 64274.75, "trend": 42.620493, "fair_value": 37.404995, "relative_strength": -15.645836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.973016, "energy": 71.723116, "activity_lines": [ 39.890441, 40.68521, 41.175217, 41.844984 ] }, { "date": "2026-06-19", "close": 39.73, "volume": 125249, "typical_volume": 67050.9, "trend": 42.501435, "fair_value": 37.455523, "relative_strength": -16.262178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.378778, "energy": 71.31512, "activity_lines": [ 39.776026, 40.398701, 40.971497, 41.658501 ] }, { "date": "2026-06-26", "close": 38.53, "volume": 88138, "typical_volume": 69001.5, "trend": 42.314375, "fair_value": 37.495022, "relative_strength": -16.452515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.612339, "energy": 77.275135, "activity_lines": [ 39.320073, 39.936058, 40.677214, 41.402279 ] }, { "date": "2026-07-03", "close": 38.7844, "volume": 32673, "typical_volume": 67144.05, "trend": 42.139184, "fair_value": 37.536178, "relative_strength": -17.334207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.756435, "energy": 69.948469, "activity_lines": [ 39.074099, 39.614489, 40.437203, 41.174539 ] }, { "date": "2026-07-10", "close": 39.8911, "volume": 18389, "typical_volume": 66845.1, "trend": 42.021909, "fair_value": 37.578061, "relative_strength": -15.787577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.8218, "energy": 53.174531, "activity_lines": [ 39.297786, 39.556328, 40.328534, 41.029501 ] }, { "date": "2026-07-17", "close": 39.6081, "volume": 69477, "typical_volume": 65514.25, "trend": 41.88095, "fair_value": 37.620164, "relative_strength": -14.729391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.759213, "energy": 48.436477, "activity_lines": [ 39.383207, 39.487686, 40.215999, 40.873772 ] }, { "date": "2026-07-24", "close": 39.5809, "volume": 11736, "typical_volume": 63720.35, "trend": 41.730315, "fair_value": 37.650545, "relative_strength": -13.952334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.335026, "energy": 37.116547, "activity_lines": [ 39.473933, 39.467671, 40.119341, 40.725382 ] }, { "date": "2026-07-31", "close": 41.0958, "volume": 28305, "typical_volume": 64239.25, "trend": 41.6078, "fair_value": 37.69605, "relative_strength": -11.337667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.037798, "energy": 18.883246, "activity_lines": [ 40.079567, 39.741747, 40.175629, 40.684445 ] }, { "date": "2026-08-07", "close": 41.39, "volume": 17381, "typical_volume": 60028.75, "trend": 41.502564, "fair_value": 37.750182, "relative_strength": -13.421253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.920984, "energy": 17.140087, "activity_lines": [ 40.612213, 40.056803, 40.260921, 40.670393 ] } ], "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." } } }