{ "ticker": { "uuid": "d2dec3aa-fd66-48fc-9843-53a8df6436c1", "symbol": "PHYS", "name": "Sprott Physical Gold Trust", "exchange": "NYSE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 75.026, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -51.365, "architecture_energy": 42.086, "architecture_maturity": 56.145, "architecture_confidence": 67.778, "architecture_tenure": "Developing", "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": 20.38, "rotation_up": 25.95, "upward_expansion": 17.94, "deceleration": 66.42, "rotation_down": 49.08, "downward_expansion": 72.6 }, "activity_lines": [ 31.349333, 31.214182, 32.262048, 33.317247 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 32.87, "trend_reference": 34.657, "distance_from_trend": -0.051562, "trend_direction": "Weakening", "fair_value": 24.018333, "distance_from_fair_value": 0.368538, "fair_value_direction": "Weakening", "relative_strength": -10.94412, "relative_strength_direction": "Weakening", "price_momentum": -0.119003, "excess_performance": -0.244628, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.051562, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.011391, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.368538, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.214621, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.109441, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.132249, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.119003, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.739556, "read": "Supply-led" } ], "volume": { "latest": 34090237, "relative_activity": 1.829091, "balance": 0.739556, "dry_up": 1.070891, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.046923, "annualized_volatility": 0.260387, "from_high_reference": -0.218683, "from_low_reference": 0.293076 }, "levels": { "trend_reference": 34.657, "fair_value_reference": 24.018333, "structural_low": 29.765, "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": 8, "median_return": 0.014766, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.02056, "regime_survival": 0.625, "best_return": 0.102473, "worst_return": -0.044787, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.073056, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.009776, "regime_survival": 0.25, "best_return": 0.169279, "worst_return": -0.05271, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.12527, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.096822, "regime_survival": 0.0, "best_return": 0.272792, "worst_return": 0.107647, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.173879, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.02199, "regime_survival": 0.666667, "best_return": 0.383378, "worst_return": -0.084953, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-22", "end": "2023-09-29", "tenure": "New", "return": -0.045969, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-06", "end": "2023-10-20", "tenure": "New", "return": 0.084099, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2023-11-03", "tenure": "New", "return": 0.003861, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-10", "end": "2023-12-01", "tenure": "New", "return": 0.064729, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-26", "tenure": "Developing", "return": 0.001284, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.072923, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-06-07", "tenure": "Established", "return": 0.061419, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": 0.022039, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-11-22", "tenure": "Established", "return": 0.113843, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2025-01-24", "tenure": "Developing", "return": 0.046921, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2026-04-03", "tenure": "Extended", "return": 0.634642, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": -0.054863, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.075537, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.072081, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 14.75, "volume": 4691833, "typical_volume": 8003858.7, "trend": 15.087667, "fair_value": 14.446923, "relative_strength": -5.511925, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.395458, "energy": 40.096166, "activity_lines": [ 14.966, 15.027818, 15.14681, 15.172366 ] }, { "date": "2023-08-25", "close": 14.93, "volume": 5218411, "typical_volume": 7375160.2, "trend": 15.088333, "fair_value": 14.442885, "relative_strength": -5.110714, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.085935, "energy": 45.165169, "activity_lines": [ 14.922667, 15.007273, 15.11281, 15.162194 ] }, { "date": "2023-09-01", "close": 15.16, "volume": 4707807, "typical_volume": 7037263.85, "trend": 15.113333, "fair_value": 14.44109, "relative_strength": -5.998517, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.386606, "energy": 36.554862, "activity_lines": [ 14.98, 15.033636, 15.104619, 15.166817 ] }, { "date": "2023-09-08", "close": 14.97, "volume": 4197020, "typical_volume": 6842268.1, "trend": 15.131667, "fair_value": 14.437821, "relative_strength": -6.004245, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.902999, "energy": 33.070367, "activity_lines": [ 14.98, 15.019273, 15.08081, 15.15757 ] }, { "date": "2023-09-15", "close": 14.97, "volume": 4330698, "typical_volume": 6714617.85, "trend": 15.157667, "fair_value": 14.433654, "relative_strength": -5.858483, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.163934, "energy": 25.056968, "activity_lines": [ 14.988, 15.004, 15.059571, 15.14714 ] }, { "date": "2023-09-22", "close": 15.01, "volume": 5519654, "typical_volume": 6245076.1, "trend": 15.192667, "fair_value": 14.434103, "relative_strength": -2.751196, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.642586, "energy": 17.70555, "activity_lines": [ 15.006, 14.996, 15.044762, 15.137613 ] }, { "date": "2023-09-29", "close": 14.32, "volume": 14781882, "typical_volume": 6542179.55, "trend": 15.193, "fair_value": 14.428782, "relative_strength": -6.437689, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -80.680768, "energy": 62.662773, "activity_lines": [ 14.776667, 14.866182, 14.968143, 15.081312 ] }, { "date": "2023-10-06", "close": 14.15, "volume": 26290315, "typical_volume": 7351008.1, "trend": 15.184, "fair_value": 14.421538, "relative_strength": -7.803765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.419611, "energy": 82.256125, "activity_lines": [ 14.531333, 14.723091, 14.882048, 15.014022 ] }, { "date": "2023-10-13", "close": 14.92, "volume": 15269445, "typical_volume": 7784235.1, "trend": 15.170667, "fair_value": 14.420128, "relative_strength": -3.148667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.095785, "energy": 65.091055, "activity_lines": [ 14.61, 14.74, 14.875476, 14.996989 ] }, { "date": "2023-10-20", "close": 15.34, "volume": 9729465, "typical_volume": 7929256.1, "trend": 15.165667, "fair_value": 14.420705, "relative_strength": 1.917082, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.336913, "energy": 26.222399, "activity_lines": [ 14.832, 14.836364, 14.910524, 15.007914 ] }, { "date": "2023-10-27", "close": 15.54, "volume": 21100706, "typical_volume": 8693916.3, "trend": 15.168333, "fair_value": 14.424103, "relative_strength": 5.625365, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.618065, "energy": 10.051874, "activity_lines": [ 15.096, 14.961455, 14.964333, 15.032065 ] }, { "date": "2023-11-03", "close": 15.6, "volume": 20213243, "typical_volume": 9457673.6, "trend": 15.163333, "fair_value": 14.424808, "relative_strength": 0.129328, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.929726, "energy": 38.722218, "activity_lines": [ 15.344667, 15.083091, 15.022714, 15.059914 ] }, { "date": "2023-11-10", "close": 15.14, "volume": 7982262, "typical_volume": 9458776.05, "trend": 15.145333, "fair_value": 14.425449, "relative_strength": -4.114309, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.251143, "energy": 32.763277, "activity_lines": [ 15.354667, 15.108909, 15.035429, 15.058409 ] }, { "date": "2023-11-17", "close": 15.5, "volume": 7381129, "typical_volume": 9378783.9, "trend": 15.145, "fair_value": 14.430192, "relative_strength": -4.053011, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.837977, "energy": 46.337243, "activity_lines": [ 15.418667, 15.200545, 15.080905, 15.08129 ] }, { "date": "2023-11-24", "close": 15.63, "volume": 4304154, "typical_volume": 9364660.9, "trend": 15.148667, "fair_value": 14.440833, "relative_strength": -4.220351, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.562985, "energy": 53.815554, "activity_lines": [ 15.487333, 15.306182, 15.136, 15.112581 ] }, { "date": "2023-12-01", "close": 16.12, "volume": 9193039, "typical_volume": 9553707.75, "trend": 15.158333, "fair_value": 14.451859, "relative_strength": -2.062033, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.446718, "energy": 68.35956, "activity_lines": [ 15.7, 15.488909, 15.234619, 15.175247 ] }, { "date": "2023-12-08", "close": 15.58, "volume": 8396967, "typical_volume": 9585883.85, "trend": 15.153333, "fair_value": 14.459359, "relative_strength": -5.472954, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.166176, "energy": 57.240815, "activity_lines": [ 15.694, 15.553273, 15.277476, 15.202452 ] }, { "date": "2023-12-15", "close": 15.7, "volume": 9997905, "typical_volume": 9776748.65, "trend": 15.161667, "fair_value": 14.465513, "relative_strength": -6.814363, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.269051, "energy": 53.47327, "activity_lines": [ 15.729333, 15.616545, 15.330381, 15.23772 ] }, { "date": "2023-12-22", "close": 15.9, "volume": 7155800, "typical_volume": 9817232.1, "trend": 15.183, "fair_value": 14.472564, "relative_strength": -6.321711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.75993, "energy": 53.331595, "activity_lines": [ 15.794, 15.688, 15.40019, 15.285355 ] }, { "date": "2023-12-29", "close": 15.93, "volume": 8032864, "typical_volume": 9924729.95, "trend": 15.204667, "fair_value": 14.477949, "relative_strength": -6.275628, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.125389, "energy": 44.096696, "activity_lines": [ 15.842, 15.747091, 15.469, 15.333548 ] }, { "date": "2024-01-05", "close": 15.81, "volume": 12313735, "typical_volume": 10305825.05, "trend": 15.221667, "fair_value": 14.485962, "relative_strength": -5.302691, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.359299, "energy": 40.364946, "activity_lines": [ 15.83, 15.773636, 15.521571, 15.372602 ] }, { "date": "2024-01-12", "close": 15.78, "volume": 8431405, "typical_volume": 10466474.75, "trend": 15.240667, "fair_value": 14.495128, "relative_strength": -6.98086, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.599675, "energy": 39.064689, "activity_lines": [ 15.828667, 15.789818, 15.566238, 15.408624 ] }, { "date": "2024-01-19", "close": 15.72, "volume": 10647550, "typical_volume": 10763461.9, "trend": 15.270667, "fair_value": 14.502179, "relative_strength": -8.15711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.657622, "energy": 34.729452, "activity_lines": [ 15.794, 15.791818, 15.601143, 15.439548 ] }, { "date": "2024-01-26", "close": 15.6, "volume": 7522904, "typical_volume": 10929756.1, "trend": 15.293333, "fair_value": 14.509038, "relative_strength": -9.529035, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.548209, "energy": 24.229123, "activity_lines": [ 15.718, 15.761455, 15.621952, 15.460796 ] }, { "date": "2024-02-02", "close": 15.77, "volume": 10181605, "typical_volume": 11222301.45, "trend": 15.32, "fair_value": 14.518013, "relative_strength": -9.651211, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.526386, "energy": 22.107889, "activity_lines": [ 15.718667, 15.760182, 15.655952, 15.491548 ] }, { "date": "2024-02-09", "close": 15.68, "volume": 9335609, "typical_volume": 11413099.2, "trend": 15.335667, "fair_value": 14.525897, "relative_strength": -11.172256, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.409567, "energy": 18.192959, "activity_lines": [ 15.7, 15.74, 15.677571, 15.514774 ] }, { "date": "2024-02-16", "close": 15.5, "volume": 7954051, "typical_volume": 11071707.65, "trend": 15.342667, "fair_value": 14.534679, "relative_strength": -11.685326, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.302083, "energy": 15.668757, "activity_lines": [ 15.63, 15.695091, 15.678857, 15.525376 ] }, { "date": "2024-02-23", "close": 15.68, "volume": 5170642, "typical_volume": 10015724.0, "trend": 15.357, "fair_value": 14.547308, "relative_strength": -11.891439, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.10375, "energy": 10.59344, "activity_lines": [ 15.638667, 15.684364, 15.691667, 15.54714 ] }, { "date": "2024-03-01", "close": 16.13, "volume": 10943068, "typical_volume": 9799405.15, "trend": 15.391667, "fair_value": 14.564167, "relative_strength": -10.02455, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.779747, "energy": 32.650326, "activity_lines": [ 15.8, 15.755818, 15.740048, 15.597011 ] }, { "date": "2024-03-08", "close": 16.92, "volume": 15255113, "typical_volume": 10075687.55, "trend": 15.458333, "fair_value": 14.58609, "relative_strength": -5.155116, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.894836, "energy": 76.00152, "activity_lines": [ 16.189333, 15.966727, 15.857905, 15.695613 ] }, { "date": "2024-03-15", "close": 16.77, "volume": 6647705, "typical_volume": 9353037.5, "trend": 15.525667, "fair_value": 14.605513, "relative_strength": -5.580226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.134321, "energy": 86.427268, "activity_lines": [ 16.452, 16.132364, 15.953952, 15.780237 ] }, { "date": "2024-03-22", "close": 16.79, "volume": 6765589, "typical_volume": 8680654.8, "trend": 15.587667, "fair_value": 14.625577, "relative_strength": -7.147327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.514144, "energy": 88.031387, "activity_lines": [ 16.648667, 16.284182, 16.046048, 15.861806 ] }, { "date": "2024-03-29", "close": 17.3, "volume": 6056460, "typical_volume": 8584364.7, "trend": 15.659, "fair_value": 14.649487, "relative_strength": -4.389423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.029346, "energy": 94.65506, "activity_lines": [ 16.929333, 16.510364, 16.181048, 15.97228 ] }, { "date": "2024-04-05", "close": 18.01, "volume": 14416431, "typical_volume": 8936129.8, "trend": 15.760333, "fair_value": 14.677115, "relative_strength": 0.666629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.035292, "energy": 97.465573, "activity_lines": [ 17.338667, 16.836909, 16.373381, 16.123957 ] }, { "date": "2024-04-12", "close": 18.08, "volume": 16492778, "typical_volume": 9545561.0, "trend": 15.864, "fair_value": 14.703269, "relative_strength": 2.739317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.8575, "energy": 95.199112, "activity_lines": [ 17.646, 17.132364, 16.560429, 16.273613 ] }, { "date": "2024-04-19", "close": 18.5, "volume": 16370896, "typical_volume": 9904453.85, "trend": 15.980333, "fair_value": 14.731603, "relative_strength": 8.506355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.699381, "energy": 95.672062, "activity_lines": [ 18.016, 17.462182, 16.77581, 16.443677 ] }, { "date": "2024-04-26", "close": 18.14, "volume": 11582839, "typical_volume": 10063747.45, "trend": 16.107667, "fair_value": 14.758333, "relative_strength": 3.778244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.298794, "energy": 85.87709, "activity_lines": [ 18.150667, 17.675273, 16.945571, 16.583011 ] }, { "date": "2024-05-03", "close": 17.8, "volume": 10513226, "typical_volume": 10089513.5, "trend": 16.229333, "fair_value": 14.779551, "relative_strength": 1.462741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.38031, "energy": 66.590776, "activity_lines": [ 18.082, 17.778545, 17.070762, 16.692194 ] }, { "date": "2024-05-10", "close": 18.33, "volume": 6516030, "typical_volume": 10057525.0, "trend": 16.343, "fair_value": 14.802949, "relative_strength": 2.774316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.158012, "energy": 67.72516, "activity_lines": [ 18.156667, 17.939636, 17.236429, 16.82772 ] }, { "date": "2024-05-17", "close": 18.75, "volume": 10680256, "typical_volume": 10189894.6, "trend": 16.456667, "fair_value": 14.827179, "relative_strength": 3.537649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.264632, "energy": 68.652429, "activity_lines": [ 18.35, 18.137091, 17.430524, 16.983011 ] }, { "date": "2024-05-24", "close": 18.1, "volume": 8121415, "typical_volume": 9980278.6, "trend": 16.542, "fair_value": 14.845833, "relative_strength": 0.100713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.719798, "energy": 55.918175, "activity_lines": [ 18.282, 18.183091, 17.549286, 17.089032 ] }, { "date": "2024-05-31", "close": 18.09, "volume": 6374569, "typical_volume": 9877436.8, "trend": 16.625, "fair_value": 14.865385, "relative_strength": 0.547114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.03762, "energy": 53.608747, "activity_lines": [ 18.237333, 18.203091, 17.65619, 17.188903 ] }, { "date": "2024-06-07", "close": 17.8, "volume": 9899032, "typical_volume": 9840010.9, "trend": 16.713667, "fair_value": 14.883654, "relative_strength": -2.141839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.136255, "energy": 42.8849, "activity_lines": [ 18.099333, 18.146727, 17.724476, 17.26471 ] }, { "date": "2024-06-14", "close": 18.15, "volume": 7847239, "typical_volume": 9856227.65, "trend": 16.802, "fair_value": 14.91, "relative_strength": -1.744169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.629525, "energy": 33.930225, "activity_lines": [ 18.078, 18.144909, 17.81619, 17.357376 ] }, { "date": "2024-06-21", "close": 18.02, "volume": 6193446, "typical_volume": 9656819.7, "trend": 16.881667, "fair_value": 14.935, "relative_strength": -2.983735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.851957, "energy": 29.304857, "activity_lines": [ 18.025333, 18.116909, 17.883381, 17.435957 ] }, { "date": "2024-06-28", "close": 18.06, "volume": 5548977, "typical_volume": 9467488.1, "trend": 16.946333, "fair_value": 14.959872, "relative_strength": -2.664635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.207081, "energy": 26.644568, "activity_lines": [ 18.034667, 18.097273, 17.943667, 17.511978 ] }, { "date": "2024-07-05", "close": 18.55, "volume": 5634788, "typical_volume": 9351524.95, "trend": 17.045333, "fair_value": 14.987244, "relative_strength": -1.83721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.99146, "energy": 43.168829, "activity_lines": [ 18.21, 18.174727, 18.039286, 17.615441 ] }, { "date": "2024-07-12", "close": 18.71, "volume": 8796001, "typical_volume": 9532792.9, "trend": 17.145667, "fair_value": 15.015577, "relative_strength": -1.885542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.296131, "energy": 50.161909, "activity_lines": [ 18.408, 18.273818, 18.135619, 17.722839 ] }, { "date": "2024-07-19", "close": 18.54, "volume": 7825614, "typical_volume": 9376920.2, "trend": 17.233667, "fair_value": 15.043077, "relative_strength": -0.799935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.923623, "energy": 53.958118, "activity_lines": [ 18.488667, 18.325455, 18.201333, 17.812796 ] }, { "date": "2024-07-26", "close": 18.49, "volume": 8183299, "typical_volume": 9023329.5, "trend": 17.319, "fair_value": 15.069551, "relative_strength": -0.247227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.178498, "energy": 54.701482, "activity_lines": [ 18.526667, 18.364182, 18.25081, 17.893849 ] }, { "date": "2024-08-02", "close": 18.96, "volume": 15030020, "typical_volume": 9442445.25, "trend": 17.424, "fair_value": 15.101474, "relative_strength": 4.424949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.115784, "energy": 59.654865, "activity_lines": [ 18.69, 18.493091, 18.337571, 17.99972 ] }, { "date": "2024-08-09", "close": 18.88, "volume": 15016818, "typical_volume": 9855006.7, "trend": 17.527333, "fair_value": 15.132372, "relative_strength": 3.880427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.999546, "energy": 49.705171, "activity_lines": [ 18.766667, 18.591818, 18.406286, 18.093656 ] }, { "date": "2024-08-16", "close": 19.42, "volume": 16247034, "typical_volume": 10364535.4, "trend": 17.650667, "fair_value": 15.166346, "relative_strength": 2.697365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.287057, "energy": 67.89457, "activity_lines": [ 19.001333, 18.774364, 18.516476, 18.215763 ] }, { "date": "2024-08-23", "close": 19.52, "volume": 11893186, "typical_volume": 10238373.15, "trend": 17.781333, "fair_value": 15.199423, "relative_strength": 1.772174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.088254, "energy": 81.514094, "activity_lines": [ 19.222, 18.945636, 18.626095, 18.336366 ] }, { "date": "2024-08-30", "close": 19.47, "volume": 7574611, "typical_volume": 9792464.8, "trend": 17.904667, "fair_value": 15.231603, "relative_strength": 1.205641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.196904, "energy": 79.628348, "activity_lines": [ 19.360667, 19.082909, 18.723762, 18.445312 ] }, { "date": "2024-09-06", "close": 19.43, "volume": 6758911, "typical_volume": 9311865.55, "trend": 18.029667, "fair_value": 15.265641, "relative_strength": 5.244709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.044451, "energy": 79.148679, "activity_lines": [ 19.420667, 19.186545, 18.811, 18.54372 ] }, { "date": "2024-09-13", "close": 20.04, "volume": 13026324, "typical_volume": 9384039.8, "trend": 18.181, "fair_value": 15.305513, "relative_strength": 4.276852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.656645, "energy": 85.198817, "activity_lines": [ 19.652667, 19.376182, 18.951905, 18.673419 ] }, { "date": "2024-09-20", "close": 20.33, "volume": 12753078, "typical_volume": 9496032.4, "trend": 18.336, "fair_value": 15.347628, "relative_strength": 4.278626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.01992, "energy": 85.725864, "activity_lines": [ 19.904, 19.591455, 19.111381, 18.812065 ] }, { "date": "2024-09-27", "close": 20.56, "volume": 9376070, "typical_volume": 9639034.4, "trend": 18.483667, "fair_value": 15.390769, "relative_strength": 4.745287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.147888, "energy": 89.31392, "activity_lines": [ 20.171333, 19.819091, 19.280714, 18.955548 ] }, { "date": "2024-10-04", "close": 20.58, "volume": 9737048, "typical_volume": 9591874.0, "trend": 18.605667, "fair_value": 15.434231, "relative_strength": 4.423037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.743326, "energy": 89.652952, "activity_lines": [ 20.376, 20.013636, 19.441333, 19.090796 ] }, { "date": "2024-10-11", "close": 20.64, "volume": 6993990, "typical_volume": 9535502.75, "trend": 18.734667, "fair_value": 15.4775, "relative_strength": 3.50213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.642436, "energy": 87.447018, "activity_lines": [ 20.526667, 20.181091, 19.598952, 19.222043 ] }, { "date": "2024-10-18", "close": 21.13, "volume": 6900397, "typical_volume": 9561794.15, "trend": 18.879333, "fair_value": 15.522436, "relative_strength": 5.09642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.704204, "energy": 91.590017, "activity_lines": [ 20.76, 20.407091, 19.791143, 19.376581 ] }, { "date": "2024-10-25", "close": 21.33, "volume": 11572698, "typical_volume": 9645477.45, "trend": 19.013667, "fair_value": 15.568782, "relative_strength": 7.198914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.36328, "energy": 92.077383, "activity_lines": [ 20.987333, 20.628545, 19.987905, 19.534688 ] }, { "date": "2024-11-01", "close": 21.25, "volume": 14696334, "typical_volume": 9987932.2, "trend": 19.121667, "fair_value": 15.613333, "relative_strength": 8.242234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.454707, "energy": 88.945357, "activity_lines": [ 21.121333, 20.800727, 20.160238, 19.678968 ] }, { "date": "2024-11-08", "close": 20.74, "volume": 15724683, "typical_volume": 10464494.05, "trend": 19.210333, "fair_value": 15.652115, "relative_strength": 0.858355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.476211, "energy": 67.846837, "activity_lines": [ 21.039333, 20.848727, 20.269238, 19.783376 ] }, { "date": "2024-11-15", "close": 19.67, "volume": 24243015, "typical_volume": 11399195.95, "trend": 19.249333, "fair_value": 15.684936, "relative_strength": -2.244125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.461078, "energy": 43.565999, "activity_lines": [ 20.59, 20.679091, 20.263381, 19.813032 ] }, { "date": "2024-11-22", "close": 20.84, "volume": 14773243, "typical_volume": 11856118.7, "trend": 19.339333, "fair_value": 15.728333, "relative_strength": 1.86164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.485663, "energy": 35.896724, "activity_lines": [ 20.595333, 20.717818, 20.361286, 19.915656 ] }, { "date": "2024-11-29", "close": 20.46, "volume": 9568936, "typical_volume": 11894765.45, "trend": 19.428, "fair_value": 15.769679, "relative_strength": -1.073734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.901951, "energy": 25.58855, "activity_lines": [ 20.493333, 20.672909, 20.412095, 19.987957 ] }, { "date": "2024-12-06", "close": 20.25, "volume": 11401536, "typical_volume": 12073561.55, "trend": 19.492, "fair_value": 15.809872, "relative_strength": -2.882149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.149825, "energy": 25.379659, "activity_lines": [ 20.379333, 20.587455, 20.434571, 20.040989 ] }, { "date": "2024-12-13", "close": 20.4, "volume": 11730850, "typical_volume": 12250939.1, "trend": 19.547, "fair_value": 15.850192, "relative_strength": -1.579531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.814197, "energy": 19.432201, "activity_lines": [ 20.382, 20.534909, 20.46319, 20.09957 ] }, { "date": "2024-12-20", "close": 20.21, "volume": 11603534, "typical_volume": 12079614.8, "trend": 19.617333, "fair_value": 15.888782, "relative_strength": -0.682793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.630772, "energy": 13.828492, "activity_lines": [ 20.344, 20.451091, 20.464619, 20.142344 ] }, { "date": "2024-12-27", "close": 20.13, "volume": 4753294, "typical_volume": 11566438.6, "trend": 19.685333, "fair_value": 15.925769, "relative_strength": -1.71147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.792632, "energy": 13.089937, "activity_lines": [ 20.243333, 20.360545, 20.452476, 20.175419 ] }, { "date": "2025-01-03", "close": 20.3, "volume": 7305533, "typical_volume": 11119363.55, "trend": 19.768667, "fair_value": 15.965577, "relative_strength": -0.373072, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.931643, "energy": 10.901929, "activity_lines": [ 20.246667, 20.319091, 20.450571, 20.215075 ] }, { "date": "2025-01-10", "close": 20.73, "volume": 12349113, "typical_volume": 11142159.9, "trend": 19.854667, "fair_value": 16.006859, "relative_strength": 3.619372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.792249, "energy": 16.568107, "activity_lines": [ 20.404, 20.374545, 20.485429, 20.277097 ] }, { "date": "2025-01-17", "close": 20.87, "volume": 10365507, "typical_volume": 11281704.7, "trend": 19.949667, "fair_value": 16.047628, "relative_strength": 1.227237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.662804, "energy": 25.033927, "activity_lines": [ 20.576, 20.464909, 20.527857, 20.342602 ] }, { "date": "2025-01-24", "close": 21.42, "volume": 9679912, "typical_volume": 11427754.75, "trend": 20.061667, "fair_value": 16.09359, "relative_strength": 1.959379, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.154269, "energy": 54.755923, "activity_lines": [ 20.9, 20.652909, 20.616, 20.437462 ] }, { "date": "2025-01-31", "close": 21.65, "volume": 15531326, "typical_volume": 11553004.85, "trend": 20.165, "fair_value": 16.140577, "relative_strength": 3.895387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.711207, "energy": 70.825099, "activity_lines": [ 21.22, 20.850909, 20.716571, 20.539935 ] }, { "date": "2025-02-07", "close": 22.16, "volume": 21156508, "typical_volume": 11973176.35, "trend": 20.28, "fair_value": 16.189038, "relative_strength": 6.221887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.372673, "energy": 82.516412, "activity_lines": [ 21.608667, 21.126909, 20.858048, 20.668645 ] }, { "date": "2025-02-14", "close": 22.33, "volume": 22593501, "typical_volume": 12634047.9, "trend": 20.406333, "fair_value": 16.23641, "relative_strength": 5.166403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.558662, "energy": 88.195159, "activity_lines": [ 21.93, 21.402909, 21.007, 20.800903 ] }, { "date": "2025-02-21", "close": 22.73, "volume": 17276705, "typical_volume": 13011030.75, "trend": 20.547667, "fair_value": 16.286859, "relative_strength": 8.395765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.46782, "energy": 94.194282, "activity_lines": [ 22.278, 21.713818, 21.185619, 20.950817 ] }, { "date": "2025-02-28", "close": 22.1, "volume": 24018364, "typical_volume": 13862249.45, "trend": 20.652333, "fair_value": 16.329359, "relative_strength": 6.101372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.435662, "energy": 85.922163, "activity_lines": [ 22.292, 21.867818, 21.294, 21.050968 ] }, { "date": "2025-03-07", "close": 22.7, "volume": 24560577, "typical_volume": 14745258.45, "trend": 20.779667, "fair_value": 16.374679, "relative_strength": 12.072944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.392304, "energy": 86.072942, "activity_lines": [ 22.460667, 22.096545, 21.452571, 21.183075 ] }, { "date": "2025-03-14", "close": 23.08, "volume": 28438708, "typical_volume": 15588558.95, "trend": 20.901667, "fair_value": 16.425128, "relative_strength": 16.10831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.803848, "energy": 85.577015, "activity_lines": [ 22.686, 22.347636, 21.639857, 21.331484 ] }, { "date": "2025-03-21", "close": 23.36, "volume": 17584187, "typical_volume": 15732951.6, "trend": 21.029667, "fair_value": 16.475641, "relative_strength": 16.365867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.587841, "energy": 74.099693, "activity_lines": [ 22.943333, 22.599091, 21.845476, 21.490086 ] }, { "date": "2025-03-28", "close": 23.82, "volume": 17898513, "typical_volume": 15841643.1, "trend": 21.174667, "fair_value": 16.53, "relative_strength": 19.827119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.709336, "energy": 87.627939, "activity_lines": [ 23.285333, 22.886364, 22.084857, 21.670108 ] }, { "date": "2025-04-04", "close": 23.4, "volume": 37216081, "typical_volume": 16490296.4, "trend": 21.307, "fair_value": 16.581282, "relative_strength": 28.681323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.014996, "energy": 77.291243, "activity_lines": [ 23.414667, 23.043636, 22.269571, 21.813677 ] }, { "date": "2025-04-11", "close": 24.82, "volume": 62412592, "typical_volume": 18872263.85, "trend": 21.466333, "fair_value": 16.640192, "relative_strength": 28.433439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.254401, "energy": 80.972802, "activity_lines": [ 23.930667, 23.423091, 22.571762, 22.040323 ] }, { "date": "2025-04-18", "close": 25.51, "volume": 31314282, "typical_volume": 19959531.15, "trend": 21.639, "fair_value": 16.705577, "relative_strength": 33.140562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.264577, "energy": 86.105441, "activity_lines": [ 24.535333, 23.870364, 22.920714, 22.301204 ] }, { "date": "2025-04-25", "close": 25.15, "volume": 43176482, "typical_volume": 21548278.45, "trend": 21.792, "fair_value": 16.770833, "relative_strength": 24.856994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.5098, "energy": 71.944045, "activity_lines": [ 24.858, 24.191273, 23.211333, 22.52772 ] }, { "date": "2025-05-02", "close": 24.63, "volume": 23939445, "typical_volume": 22158708.2, "trend": 21.927, "fair_value": 16.833526, "relative_strength": 18.287637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.054785, "energy": 66.170981, "activity_lines": [ 24.888, 24.366364, 23.429095, 22.710817 ] }, { "date": "2025-05-09", "close": 25.41, "volume": 21585287, "typical_volume": 22657795.85, "trend": 22.086, "fair_value": 16.905769, "relative_strength": 21.95776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.40676, "energy": 67.04444, "activity_lines": [ 25.124, 24.648727, 23.701, 22.935527 ] }, { "date": "2025-05-16", "close": 24.31, "volume": 22251302, "typical_volume": 23532696.25, "trend": 22.192, "fair_value": 16.969231, "relative_strength": 10.524194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.415065, "energy": 53.896612, "activity_lines": [ 24.859333, 24.670909, 23.843381, 23.079011 ] }, { "date": "2025-05-23", "close": 25.65, "volume": 17457607, "typical_volume": 24040299.95, "trend": 22.336, "fair_value": 17.040449, "relative_strength": 19.056958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.221926, "energy": 54.965924, "activity_lines": [ 25.075333, 24.907455, 24.093476, 23.302108 ] }, { "date": "2025-05-30", "close": 25.15, "volume": 8940646, "typical_volume": 23869876.6, "trend": 22.466, "fair_value": 17.108462, "relative_strength": 14.231609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.725427, "energy": 49.839546, "activity_lines": [ 25.115333, 25.006364, 24.270476, 23.483656 ] }, { "date": "2025-06-06", "close": 25.28, "volume": 14261046, "typical_volume": 24064653.55, "trend": 22.617333, "fair_value": 17.176346, "relative_strength": 12.46499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.28816, "energy": 46.527002, "activity_lines": [ 25.198667, 25.096364, 24.43881, 23.665204 ] }, { "date": "2025-06-13", "close": 26.29, "volume": 14551377, "typical_volume": 24308226.8, "trend": 22.838, "fair_value": 17.252436, "relative_strength": 16.76858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.202501, "energy": 57.075831, "activity_lines": [ 25.575333, 25.343455, 24.682333, 23.902151 ] }, { "date": "2025-06-20", "close": 25.84, "volume": 9878076, "typical_volume": 24025564.3, "trend": 23.004667, "fair_value": 17.326282, "relative_strength": 14.374407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.401109, "energy": 51.341874, "activity_lines": [ 25.743333, 25.456182, 24.85981, 24.095828 ] }, { "date": "2025-06-27", "close": 25.01, "volume": 13027895, "typical_volume": 23619133.65, "trend": 23.156333, "fair_value": 17.395769, "relative_strength": 6.60511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.491331, "energy": 43.779062, "activity_lines": [ 25.532667, 25.399455, 24.938286, 24.225204 ] }, { "date": "2025-07-04", "close": 25.55, "volume": 8151039, "typical_volume": 22897010.55, "trend": 23.333, "fair_value": 17.472115, "relative_strength": 6.714041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.621919, "energy": 41.853522, "activity_lines": [ 25.544667, 25.45, 25.054619, 24.379634 ] }, { "date": "2025-07-11", "close": 25.7, "volume": 8895400, "typical_volume": 22477945.3, "trend": 23.509667, "fair_value": 17.551603, "relative_strength": 7.238836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.811147, "energy": 39.123405, "activity_lines": [ 25.58, 25.520545, 25.169905, 24.532344 ] }, { "date": "2025-07-18", "close": 25.64, "volume": 9618803, "typical_volume": 21757967.25, "trend": 23.690667, "fair_value": 17.629615, "relative_strength": 5.95999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.975076, "energy": 34.902766, "activity_lines": [ 25.567333, 25.560727, 25.265333, 24.669785 ] }, { "date": "2025-07-25", "close": 25.6, "volume": 10038931, "typical_volume": 21031884.95, "trend": 23.873, "fair_value": 17.705128, "relative_strength": 3.913297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.207081, "energy": 33.5978, "activity_lines": [ 25.584667, 25.589455, 25.340095, 24.792968 ] }, { "date": "2025-08-01", "close": 25.66, "volume": 11423218, "typical_volume": 20181110.45, "trend": 24.051667, "fair_value": 17.780641, "relative_strength": 6.455422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.962119, "energy": 36.076167, "activity_lines": [ 25.638, 25.605636, 25.406762, 24.908258 ] }, { "date": "2025-08-08", "close": 26.06, "volume": 12952232, "typical_volume": 19949512.7, "trend": 24.229333, "fair_value": 17.857372, "relative_strength": 5.228827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.23908, "energy": 42.003432, "activity_lines": [ 25.781333, 25.694364, 25.499238, 25.037828 ] }, { "date": "2025-08-15", "close": 25.64, "volume": 9587734, "typical_volume": 19533973.75, "trend": 24.388333, "fair_value": 17.934423, "relative_strength": 2.303989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.724111, "energy": 36.962351, "activity_lines": [ 25.750667, 25.690182, 25.538857, 25.128839 ] }, { "date": "2025-08-22", "close": 25.88, "volume": 9045836, "typical_volume": 18125461.5, "trend": 24.537, "fair_value": 18.013462, "relative_strength": 2.711429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.89324, "energy": 39.058177, "activity_lines": [ 25.804, 25.723091, 25.592667, 25.225075 ] }, { "date": "2025-08-29", "close": 26.52, "volume": 12551424, "typical_volume": 15632403.1, "trend": 24.699333, "fair_value": 18.098077, "relative_strength": 4.976245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.107471, "energy": 57.452577, "activity_lines": [ 26.054667, 25.879818, 25.695619, 25.353011 ] }, { "date": "2025-09-05", "close": 27.6, "volume": 20084573, "typical_volume": 15070917.65, "trend": 24.880667, "fair_value": 18.189295, "relative_strength": 8.549123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.825763, "energy": 79.285656, "activity_lines": [ 26.604, 26.220545, 25.893333, 25.540151 ] }, { "date": "2025-09-12", "close": 28.04, "volume": 14123130, "typical_volume": 13618250.05, "trend": 25.071, "fair_value": 18.285641, "relative_strength": 8.226514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.3025, "energy": 93.022673, "activity_lines": [ 27.170667, 26.594182, 26.123, 25.743978 ] }, { "date": "2025-09-19", "close": 28.35, "volume": 18142116, "typical_volume": 13328383.6, "trend": 25.258333, "fair_value": 18.385705, "relative_strength": 7.746708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.124688, "energy": 94.672273, "activity_lines": [ 27.708667, 26.978909, 26.368429, 25.955527 ] }, { "date": "2025-09-26", "close": 28.81, "volume": 22954317, "typical_volume": 13396835.1, "trend": 25.482, "fair_value": 18.488333, "relative_strength": 9.428153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.448604, "energy": 95.639026, "activity_lines": [ 28.219333, 27.399091, 26.639952, 26.184667 ] }, { "date": "2025-10-03", "close": 29.86, "volume": 18924278, "typical_volume": 13230483.9, "trend": 25.720667, "fair_value": 18.595641, "relative_strength": 11.717404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.422219, "energy": 97.809191, "activity_lines": [ 28.884667, 27.952545, 26.995286, 26.467118 ] }, { "date": "2025-10-10", "close": 30.7, "volume": 33571105, "typical_volume": 14036158.8, "trend": 25.974667, "fair_value": 18.710962, "relative_strength": 17.089412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.004873, "energy": 98.049331, "activity_lines": [ 29.607333, 28.581273, 27.40419, 26.788366 ] }, { "date": "2025-10-17", "close": 32.23, "volume": 35188426, "typical_volume": 15348547.8, "trend": 26.270333, "fair_value": 18.835769, "relative_strength": 20.134805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.027468, "energy": 98.711324, "activity_lines": [ 30.633333, 29.396545, 27.934762, 27.191935 ] }, { "date": "2025-10-24", "close": 31.06, "volume": 38682388, "typical_volume": 16569614.9, "trend": 26.511667, "fair_value": 18.953333, "relative_strength": 13.113197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.324812, "energy": 76.587286, "activity_lines": [ 30.99, 29.886909, 28.32019, 27.500946 ] }, { "date": "2025-10-31", "close": 30.35, "volume": 27133068, "typical_volume": 17198699.45, "trend": 26.743333, "fair_value": 19.064744, "relative_strength": 9.393489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.007715, "energy": 67.70433, "activity_lines": [ 30.929333, 30.149636, 28.610476, 27.748581 ] }, { "date": "2025-11-07", "close": 30.42, "volume": 15284282, "typical_volume": 17469009.75, "trend": 26.93, "fair_value": 19.172628, "relative_strength": 10.920739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.829382, "energy": 65.439077, "activity_lines": [ 30.789333, 30.343818, 28.888095, 27.985785 ] }, { "date": "2025-11-14", "close": 31.16, "volume": 13936633, "typical_volume": 17514446.65, "trend": 27.118333, "fair_value": 19.286538, "relative_strength": 12.799316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.164052, "energy": 60.224068, "activity_lines": [ 30.858667, 30.601636, 29.214381, 28.258688 ] }, { "date": "2025-11-21", "close": 31.02, "volume": 20072174, "typical_volume": 18110503.4, "trend": 27.314, "fair_value": 19.39891, "relative_strength": 13.870009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.781941, "energy": 53.213389, "activity_lines": [ 30.850667, 30.769273, 29.498048, 28.510409 ] }, { "date": "2025-11-28", "close": 32.27, "volume": 13724652, "typical_volume": 18351966.0, "trend": 27.568667, "fair_value": 19.516923, "relative_strength": 13.556965, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.973, "energy": 60.797001, "activity_lines": [ 31.34, 31.11, 29.874714, 28.830151 ] }, { "date": "2025-12-05", "close": 32.09, "volume": 18660691, "typical_volume": 18804060.4, "trend": 27.791333, "fair_value": 19.63391, "relative_strength": 11.868086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.967501, "energy": 60.999621, "activity_lines": [ 31.688667, 31.346727, 30.202952, 29.121849 ] }, { "date": "2025-12-12", "close": 32.89, "volume": 18971878, "typical_volume": 19250707.75, "trend": 28.077333, "fair_value": 19.755962, "relative_strength": 14.57678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.20354, "energy": 64.493039, "activity_lines": [ 32.188, 31.669273, 30.576667, 29.450796 ] }, { "date": "2025-12-19", "close": 33.11, "volume": 22544064, "typical_volume": 19806750.05, "trend": 28.326, "fair_value": 19.879038, "relative_strength": 14.471045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.234315, "energy": 76.142608, "activity_lines": [ 32.596, 31.976727, 30.936619, 29.775484 ] }, { "date": "2025-12-26", "close": 34.73, "volume": 22286870, "typical_volume": 20273481.95, "trend": 28.645333, "fair_value": 20.011282, "relative_strength": 17.525861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.673443, "energy": 84.931887, "activity_lines": [ 33.414, 32.534909, 31.415381, 30.188645 ] }, { "date": "2026-01-02", "close": 33.13, "volume": 20588445, "typical_volume": 20823517.5, "trend": 28.907, "fair_value": 20.130769, "relative_strength": 12.585254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.888525, "energy": 63.129397, "activity_lines": [ 33.451333, 32.756727, 31.700476, 30.477978 ] }, { "date": "2026-01-09", "close": 34.41, "volume": 21607564, "typical_volume": 21451603.9, "trend": 29.177667, "fair_value": 20.25609, "relative_strength": 14.411738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.549622, "energy": 65.337771, "activity_lines": [ 33.858, 33.173636, 32.07181, 30.833011 ] }, { "date": "2026-01-16", "close": 35.03, "volume": 29039685, "typical_volume": 22276016.95, "trend": 29.484, "fair_value": 20.385, "relative_strength": 16.090103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.166634, "energy": 74.35634, "activity_lines": [ 34.316667, 33.629455, 32.461571, 31.210581 ] }, { "date": "2026-01-23", "close": 38.07, "volume": 43397695, "typical_volume": 23441673.05, "trend": 29.919333, "fair_value": 20.533462, "relative_strength": 25.525527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.191842, "energy": 92.823612, "activity_lines": [ 35.646, 34.554182, 33.100333, 31.764516 ] }, { "date": "2026-01-30", "close": 36.46, "volume": 123405892, "typical_volume": 28905811.15, "trend": 30.283, "fair_value": 20.674808, "relative_strength": 18.894285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.656882, "energy": 75.963204, "activity_lines": [ 36.108, 35.060545, 33.535905, 32.186495 ] }, { "date": "2026-02-06", "close": 37.31, "volume": 71488917, "typical_volume": 31573151.2, "trend": 30.67, "fair_value": 20.821538, "relative_strength": 21.026554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.34306, "energy": 67.539654, "activity_lines": [ 36.738, 35.622545, 34.012333, 32.639849 ] }, { "date": "2026-02-13", "close": 37.82, "volume": 38520287, "typical_volume": 32351449.7, "trend": 31.076, "fair_value": 20.973013, "relative_strength": 23.298524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.692154, "energy": 66.624659, "activity_lines": [ 37.259333, 36.185636, 34.494667, 33.10114 ] }, { "date": "2026-02-20", "close": 38.66, "volume": 20843391, "typical_volume": 32447405.35, "trend": 31.511333, "fair_value": 21.131346, "relative_strength": 23.694878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.454014, "energy": 65.184669, "activity_lines": [ 37.833333, 36.797273, 35.014095, 33.59043 ] }, { "date": "2026-02-27", "close": 40.15, "volume": 20305558, "typical_volume": 31784128.0, "trend": 31.994333, "fair_value": 21.296987, "relative_strength": 27.971883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.160622, "energy": 69.366906, "activity_lines": [ 38.662, 37.574909, 35.633524, 34.147763 ] }, { "date": "2026-03-06", "close": 39.21, "volume": 36376934, "typical_volume": 31843553.4, "trend": 32.432667, "fair_value": 21.455897, "relative_strength": 26.524534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.968141, "energy": 61.843655, "activity_lines": [ 39.038667, 38.053636, 36.118429, 34.61329 ] }, { "date": "2026-03-13", "close": 38.09, "volume": 20757200, "typical_volume": 30947294.0, "trend": 32.847667, "fair_value": 21.601859, "relative_strength": 23.954271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.5827, "energy": 56.239435, "activity_lines": [ 38.858667, 38.247273, 36.463429, 34.97828 ] }, { "date": "2026-03-20", "close": 33.85, "volume": 47294140, "typical_volume": 31955347.6, "trend": 33.113333, "fair_value": 21.719551, "relative_strength": 11.700342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.960491, "energy": 28.789319, "activity_lines": [ 37.213333, 37.579818, 36.371143, 35.042946 ] }, { "date": "2026-03-27", "close": 34.11, "volume": 43794459, "typical_volume": 33380856.45, "trend": 33.366333, "fair_value": 21.839103, "relative_strength": 14.636384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.939282, "energy": 18.919081, "activity_lines": [ 35.919333, 36.969818, 36.286952, 35.107247 ] }, { "date": "2026-04-03", "close": 35.39, "volume": 22681398, "typical_volume": 33818094.7, "trend": 33.626, "fair_value": 21.965, "relative_strength": 14.660961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.953507, "energy": 23.984326, "activity_lines": [ 35.355333, 36.609273, 36.307095, 35.237806 ] }, { "date": "2026-04-10", "close": 36.09, "volume": 17380660, "typical_volume": 33683519.0, "trend": 33.894333, "fair_value": 22.095833, "relative_strength": 12.581877, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.485585, "energy": 23.242113, "activity_lines": [ 35.342, 36.424727, 36.373762, 35.396774 ] }, { "date": "2026-04-17", "close": 36.81, "volume": 16288447, "typical_volume": 33811708.75, "trend": 34.176333, "fair_value": 22.232372, "relative_strength": 9.740937, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.233067, "energy": 14.439806, "activity_lines": [ 35.776667, 36.377818, 36.484857, 35.584882 ] }, { "date": "2026-04-24", "close": 35.76, "volume": 15288695, "typical_volume": 33643108.95, "trend": 34.408, "fair_value": 22.362115, "relative_strength": 5.875459, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.399153, "energy": 8.51052, "activity_lines": [ 35.946667, 36.149091, 36.474333, 35.687054 ] }, { "date": "2026-05-01", "close": 34.9, "volume": 18016301, "typical_volume": 33595330.1, "trend": 34.576, "fair_value": 22.484359, "relative_strength": 2.181365, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.758018, "energy": 4.957852, "activity_lines": [ 35.702667, 35.801455, 36.364429, 35.718796 ] }, { "date": "2026-05-08", "close": 35.8, "volume": 16699850, "typical_volume": 33303119.4, "trend": 34.746, "fair_value": 22.613013, "relative_strength": 2.280794, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.758765, "energy": 11.166243, "activity_lines": [ 35.706, 35.685818, 36.330667, 35.797763 ] }, { "date": "2026-05-15", "close": 34.42, "volume": 10011423, "typical_volume": 32689347.05, "trend": 34.819, "fair_value": 22.734615, "relative_strength": -2.073827, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.99653, "energy": 15.680778, "activity_lines": [ 35.222, 35.398364, 36.152667, 35.776731 ] }, { "date": "2026-05-22", "close": 34.11, "volume": 9228911, "typical_volume": 32121370.35, "trend": 34.920667, "fair_value": 22.855449, "relative_strength": -3.834634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.778836, "energy": 35.297536, "activity_lines": [ 34.746, 35.141636, 35.946619, 35.730989 ] }, { "date": "2026-05-29", "close": 34.42, "volume": 9661104, "typical_volume": 31524047.35, "trend": 35.056333, "fair_value": 22.978141, "relative_strength": -4.441563, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.509009, "energy": 34.14915, "activity_lines": [ 34.553333, 35.013636, 35.765429, 35.698688 ] }, { "date": "2026-06-05", "close": 32.54, "volume": 12617718, "typical_volume": 30702949.0, "trend": 35.127, "fair_value": 23.088654, "relative_strength": -7.396163, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.162514, "energy": 57.307226, "activity_lines": [ 33.823333, 34.533455, 35.405143, 35.536344 ] }, { "date": "2026-06-12", "close": 31.75, "volume": 25474851, "typical_volume": 29806806.8, "trend": 35.146667, "fair_value": 23.194679, "relative_strength": -10.092935, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.100278, "energy": 64.513402, "activity_lines": [ 32.987333, 33.938182, 34.981476, 35.318473 ] }, { "date": "2026-06-19", "close": 31.82, "volume": 15388566, "typical_volume": 24405940.5, "trend": 35.173333, "fair_value": 23.303654, "relative_strength": -10.675823, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.260947, "energy": 80.138042, "activity_lines": [ 32.444667, 33.421818, 34.594571, 35.103849 ] }, { "date": "2026-06-26", "close": 30.66, "volume": 26318862, "typical_volume": 22147437.75, "trend": 35.119667, "fair_value": 23.404551, "relative_strength": -11.86975, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.67589, "energy": 87.126065, "activity_lines": [ 31.688667, 32.772182, 34.119286, 34.812667 ] }, { "date": "2026-07-03", "close": 31.08, "volume": 20688652, "typical_volume": 21255856.0, "trend": 35.086, "fair_value": 23.507821, "relative_strength": -12.571356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.589391, "energy": 85.4846, "activity_lines": [ 31.302667, 32.310727, 33.715667, 34.552043 ] }, { "date": "2026-07-10", "close": 30.99, "volume": 13379912, "typical_volume": 20882682.05, "trend": 35.022667, "fair_value": 23.608974, "relative_strength": -13.977477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.656343, "energy": 83.13128, "activity_lines": [ 31.109333, 31.918, 33.335571, 34.287785 ] }, { "date": "2026-07-17", "close": 30.31, "volume": 13399859, "typical_volume": 20537397.1, "trend": 34.929333, "fair_value": 23.705256, "relative_strength": -14.526991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.378969, "energy": 82.332629, "activity_lines": [ 30.792667, 31.472727, 32.927238, 33.983742 ] }, { "date": "2026-07-24", "close": 30.64, "volume": 14810383, "typical_volume": 19459069.55, "trend": 34.793, "fair_value": 23.80391, "relative_strength": -13.115975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.49078, "energy": 66.681677, "activity_lines": [ 30.682, 31.187273, 32.59719, 33.707011 ] }, { "date": "2026-07-31", "close": 30.59, "volume": 17535768, "typical_volume": 19297997.95, "trend": 34.708333, "fair_value": 23.903269, "relative_strength": -14.171323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.943374, "energy": 59.028502, "activity_lines": [ 30.633333, 30.961455, 32.30319, 33.435849 ] }, { "date": "2026-08-07", "close": 32.87, "volume": 34090237, "typical_volume": 18637802.8, "trend": 34.657, "fair_value": 24.018333, "relative_strength": -10.94412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.365236, "energy": 42.085577, "activity_lines": [ 31.349333, 31.214182, 32.262048, 33.317247 ] } ], "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." } } }