{ "ticker": { "uuid": "d46ee007-0895-48cf-9527-3deae4e93c31", "symbol": "FDIV", "name": "MARKETDESK FOCUSED U.S. DIVIDEND ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.705, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 58.164, "architecture_energy": 30.195, "architecture_maturity": 20.31, "architecture_confidence": 38.785, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 44.02, "rotation_up": 41.75, "upward_expansion": 66.93, "deceleration": 67.24, "rotation_down": 21.73, "downward_expansion": 7.27 }, "activity_lines": [ 27.964853, 27.95301, 27.763585, 27.670788 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 28.2039, "trend_reference": 27.661881, "distance_from_trend": 0.019594, "trend_direction": "Improving", "fair_value": 28.991713, "distance_from_fair_value": -0.027174, "fair_value_direction": "Improving", "relative_strength": -9.448356, "relative_strength_direction": "Improving", "price_momentum": -0.008725, "excess_performance": -0.196179, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.019594, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013913, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.027174, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.068412, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.094484, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.060295, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.008725, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.679605, "read": "Supply-led" } ], "volume": { "latest": 55345, "relative_activity": 0.671082, "balance": 0.679605, "dry_up": 2.38026, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.020559, "annualized_volatility": 0.123717, "from_high_reference": -0.015022, "from_low_reference": 0.106901 }, "levels": { "trend_reference": 27.661881, "fair_value_reference": 28.991713, "structural_low": 26.292142, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": -0.002896, "positive_rate": 0.3, "directional_follow_through": 0.3, "median_excess_return": -0.014729, "regime_survival": 0.6, "best_return": 0.031898, "worst_return": -0.373456, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.017207, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.094843, "regime_survival": 0.142857, "best_return": -0.000772, "worst_return": -0.364734, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.036734, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.033145, "regime_survival": 0.2, "best_return": 0.06136, "worst_return": -0.386121, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.076801, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.278439, "regime_survival": 0.333333, "best_return": -0.047527, "worst_return": -0.356199, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-11-08", "tenure": "Developing", "return": -0.009356, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": 0.011353, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": -0.035103, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": -0.000369, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-06-20", "tenure": "Established", "return": -0.02041, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.027785, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.046601, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": -0.013307, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-12-12", "tenure": "Developing", "return": 0.02131, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": -0.004982, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.003067, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.041029, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-07-03", "tenure": "Developing", "return": 0.011742, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.010603, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 39.508015, "volume": 11829, "typical_volume": 23496.6, "trend": 39.872492, "fair_value": 40.427921, "relative_strength": -14.328617, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.178651, "energy": 47.796448, "activity_lines": [ 39.719052, 39.793999, 39.851103, 39.864619 ] }, { "date": "2023-08-25", "close": 39.609461, "volume": 5921, "typical_volume": 22463.95, "trend": 39.854671, "fair_value": 40.442185, "relative_strength": -15.219905, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.894219, "energy": 53.210189, "activity_lines": [ 39.650337, 39.753355, 39.82226, 39.847649 ] }, { "date": "2023-09-01", "close": 39.819421, "volume": 14000, "typical_volume": 21897.85, "trend": 39.841176, "fair_value": 40.458421, "relative_strength": -17.465919, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -24.563521, "energy": 39.634048, "activity_lines": [ 39.682515, 39.757048, 39.816, 39.845375 ] }, { "date": "2023-09-08", "close": 39.673362, "volume": 21823, "typical_volume": 22020.4, "trend": 39.835882, "fair_value": 40.477157, "relative_strength": -16.363354, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.356129, "energy": 45.695808, "activity_lines": [ 39.677979, 39.735528, 39.796821, 39.834549 ] }, { "date": "2023-09-15", "close": 39.673362, "volume": 10285, "typical_volume": 21622.55, "trend": 39.835637, "fair_value": 40.496882, "relative_strength": -15.581864, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.15767, "energy": 26.839307, "activity_lines": [ 39.683031, 39.718405, 39.779129, 39.824063 ] }, { "date": "2023-09-22", "close": 39.43419, "volume": 23411, "typical_volume": 22332.35, "trend": 39.833709, "fair_value": 40.519394, "relative_strength": -12.778991, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.934282, "energy": 33.159355, "activity_lines": [ 39.608852, 39.653955, 39.740981, 39.798164 ] }, { "date": "2023-09-29", "close": 39.16381, "volume": 8912, "typical_volume": 21994.65, "trend": 39.823066, "fair_value": 40.536286, "relative_strength": -12.997512, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.920381, "energy": 58.924755, "activity_lines": [ 39.449469, 39.551233, 39.68048, 39.754944 ] }, { "date": "2023-10-06", "close": 38.678043, "volume": 14070, "typical_volume": 22003.0, "trend": 39.7934, "fair_value": 40.545272, "relative_strength": -15.101504, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.73036, "energy": 82.309782, "activity_lines": [ 39.157874, 39.376721, 39.578271, 39.681072 ] }, { "date": "2023-10-13", "close": 38.989667, "volume": 14459, "typical_volume": 21319.95, "trend": 39.768951, "fair_value": 40.556835, "relative_strength": -14.017519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.161892, "energy": 81.474734, "activity_lines": [ 39.046245, 39.282886, 39.511217, 39.629218 ] }, { "date": "2023-10-20", "close": 38.403172, "volume": 11778, "typical_volume": 21326.4, "trend": 39.719459, "fair_value": 40.562694, "relative_strength": -12.341399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.313067, "energy": 91.276135, "activity_lines": [ 38.784698, 39.097461, 39.391409, 39.541103 ] }, { "date": "2023-10-27", "close": 38.59412, "volume": 11452, "typical_volume": 20194.5, "trend": 39.676167, "fair_value": 40.574443, "relative_strength": -9.168519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.120797, "energy": 86.31215, "activity_lines": [ 38.671479, 38.969982, 39.297167, 39.468501 ] }, { "date": "2023-11-03", "close": 39.417817, "volume": 24153, "typical_volume": 20757.5, "trend": 39.65166, "fair_value": 40.586177, "relative_strength": -12.357005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.841464, "energy": 50.729009, "activity_lines": [ 38.888831, 39.008884, 39.287585, 39.451833 ] }, { "date": "2023-11-10", "close": 39.321182, "volume": 3262, "typical_volume": 20470.5, "trend": 39.628119, "fair_value": 40.590973, "relative_strength": -14.612993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.090617, "energy": 36.526309, "activity_lines": [ 39.057037, 39.033699, 39.271325, 39.430512 ] }, { "date": "2023-11-17", "close": 39.78595, "volume": 23388, "typical_volume": 20404.65, "trend": 39.621466, "fair_value": 40.598403, "relative_strength": -14.856527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.354776, "energy": 17.921946, "activity_lines": [ 39.337289, 39.152077, 39.302054, 39.440695 ] }, { "date": "2023-11-24", "close": 39.81814, "volume": 4138, "typical_volume": 12778.15, "trend": 39.61003, "fair_value": 40.602609, "relative_strength": -15.075066, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.446838, "energy": 25.928944, "activity_lines": [ 39.575187, 39.27426, 39.336464, 39.453383 ] }, { "date": "2023-12-01", "close": 40.520433, "volume": 15908, "typical_volume": 13115.8, "trend": 39.622459, "fair_value": 40.60958, "relative_strength": -13.237136, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.597361, "energy": 47.691789, "activity_lines": [ 39.95285, 39.521501, 39.436064, 39.512119 ] }, { "date": "2023-12-08", "close": 40.538914, "volume": 8365, "typical_volume": 13298.25, "trend": 39.636405, "fair_value": 40.616611, "relative_strength": -13.175185, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.422186, "energy": 68.815779, "activity_lines": [ 40.208254, 39.752352, 39.535103, 39.571245 ] }, { "date": "2023-12-15", "close": 41.324373, "volume": 12755, "typical_volume": 13250.0, "trend": 39.686283, "fair_value": 40.628303, "relative_strength": -13.76827, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.949042, "energy": 82.730765, "activity_lines": [ 40.650737, 40.101012, 39.706729, 39.680146 ] }, { "date": "2023-12-22", "close": 41.591082, "volume": 11799, "typical_volume": 13582.85, "trend": 39.751274, "fair_value": 40.642895, "relative_strength": -13.380524, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.307214, "energy": 95.876399, "activity_lines": [ 41.048577, 40.450049, 39.897444, 39.803036 ] }, { "date": "2023-12-29", "close": 41.76333, "volume": 33700, "typical_volume": 14270.4, "trend": 39.811621, "fair_value": 40.657905, "relative_strength": -12.653764, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.122171, "energy": 94.619321, "activity_lines": [ 41.383491, 40.783106, 40.096117, 39.932846 ] }, { "date": "2024-01-05", "close": 41.325726, "volume": 10036, "typical_volume": 14180.75, "trend": 39.859187, "fair_value": 40.66805, "relative_strength": -10.134624, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.293382, "energy": 88.211516, "activity_lines": [ 41.442857, 40.975504, 40.243196, 40.030531 ] }, { "date": "2024-01-12", "close": 41.713425, "volume": 8691, "typical_volume": 14319.25, "trend": 39.918021, "fair_value": 40.678779, "relative_strength": -11.520423, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.785893, "energy": 89.736533, "activity_lines": [ 41.57777, 41.188728, 40.418544, 40.150159 ] }, { "date": "2024-01-19", "close": 41.32526, "volume": 12719, "typical_volume": 14255.2, "trend": 39.965752, "fair_value": 40.688025, "relative_strength": -14.126149, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.145564, "energy": 74.998435, "activity_lines": [ 41.504995, 41.289638, 40.546904, 40.240949 ] }, { "date": "2024-01-26", "close": 41.381159, "volume": 42921, "typical_volume": 15310.1, "trend": 40.014618, "fair_value": 40.700544, "relative_strength": -13.981922, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.935401, "energy": 61.129259, "activity_lines": [ 41.450793, 41.364273, 40.673418, 40.332265 ] }, { "date": "2024-02-02", "close": 41.65566, "volume": 32578, "typical_volume": 16424.75, "trend": 40.087736, "fair_value": 40.710482, "relative_strength": -13.947928, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.743926, "energy": 63.782219, "activity_lines": [ 41.502086, 41.459815, 40.817942, 40.438139 ] }, { "date": "2024-02-09", "close": 41.455556, "volume": 49672, "typical_volume": 17737.8, "trend": 40.135155, "fair_value": 40.717904, "relative_strength": -15.374647, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.631727, "energy": 54.496711, "activity_lines": [ 41.493856, 41.485564, 40.933969, 40.526385 ] }, { "date": "2024-02-16", "close": 41.259283, "volume": 20947, "typical_volume": 18339.55, "trend": 40.174696, "fair_value": 40.724872, "relative_strength": -13.963879, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.352485, "energy": 47.375737, "activity_lines": [ 41.411546, 41.458624, 41.021677, 40.59891 ] }, { "date": "2024-02-23", "close": 41.355246, "volume": 3872, "typical_volume": 17829.65, "trend": 40.219904, "fair_value": 40.736814, "relative_strength": -14.375305, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.651811, "energy": 42.848544, "activity_lines": [ 41.391501, 41.436035, 41.108547, 40.675074 ] }, { "date": "2024-03-01", "close": 25.194062, "volume": 12535, "typical_volume": 17733.45, "trend": 39.732467, "fair_value": 40.64218, "relative_strength": -48.184203, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.944536, "energy": 75.81205, "activity_lines": [ 35.982394, 38.474488, 39.643508, 39.705665 ] }, { "date": "2024-03-08", "close": 25.595765, "volume": 28773, "typical_volume": 18583.2, "trend": 39.262966, "fair_value": 40.544723, "relative_strength": -45.805914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.16315, "energy": 97.568813, "activity_lines": [ 31.786329, 35.884105, 38.282419, 38.79362 ] }, { "date": "2024-03-15", "close": 25.51246, "volume": 31527, "typical_volume": 19586.95, "trend": 38.796448, "fair_value": 40.446919, "relative_strength": -44.632939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.502617, "energy": 97.724284, "activity_lines": [ 28.633155, 33.572532, 36.974384, 37.90649 ] }, { "date": "2024-03-22", "close": 25.910879, "volume": 32269, "typical_volume": 19992.75, "trend": 38.339828, "fair_value": 40.350868, "relative_strength": -44.698236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.271863, "energy": 92.394974, "activity_lines": [ 26.67566, 31.620912, 35.766588, 37.075163 ] }, { "date": "2024-03-29", "close": 26.530833, "volume": 14516, "typical_volume": 20555.45, "trend": 37.896875, "fair_value": 40.257852, "relative_strength": -42.382649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.331853, "energy": 88.563521, "activity_lines": [ 25.948044, 30.06933, 34.682154, 36.313293 ] }, { "date": "2024-04-05", "close": 25.850555, "volume": 32271, "typical_volume": 20999.6, "trend": 37.436115, "fair_value": 40.158875, "relative_strength": -42.681813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.559593, "energy": 89.596967, "activity_lines": [ 25.981962, 28.663051, 33.593837, 35.536111 ] }, { "date": "2024-04-12", "close": 25.226967, "volume": 20635, "typical_volume": 21824.45, "trend": 36.954569, "fair_value": 40.053365, "relative_strength": -43.046433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.038431, "energy": 71.474245, "activity_lines": [ 25.764251, 27.425767, 32.512491, 34.748424 ] }, { "date": "2024-04-19", "close": 25.341386, "volume": 128006, "typical_volume": 27429.35, "trend": 36.484808, "fair_value": 39.947867, "relative_strength": -38.759803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.216458, "energy": 69.850857, "activity_lines": [ 25.609267, 26.50799, 31.511523, 33.999186 ] }, { "date": "2024-04-26", "close": 25.510416, "volume": 99610, "typical_volume": 31991.6, "trend": 36.029695, "fair_value": 39.843855, "relative_strength": -39.924185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.454106, "energy": 68.177693, "activity_lines": [ 25.522031, 25.91393, 30.598934, 33.291161 ] }, { "date": "2024-05-03", "close": 25.633244, "volume": 22804, "typical_volume": 32494.05, "trend": 35.594869, "fair_value": 39.737658, "relative_strength": -39.472591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.727164, "energy": 67.102629, "activity_lines": [ 25.502435, 25.628546, 29.769608, 32.620422 ] }, { "date": "2024-05-10", "close": 26.207606, "volume": 26199, "typical_volume": 33214.05, "trend": 35.1688, "fair_value": 39.63533, "relative_strength": -38.244015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.921214, "energy": 62.022316, "activity_lines": [ 25.734133, 25.733446, 29.069702, 32.014792 ] }, { "date": "2024-05-17", "close": 26.418681, "volume": 68627, "typical_volume": 34960.4, "trend": 34.769317, "fair_value": 39.534302, "relative_strength": -38.333905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.256948, "energy": 58.407195, "activity_lines": [ 26.012385, 25.858295, 28.463154, 31.450268 ] }, { "date": "2024-05-24", "close": 25.780448, "volume": 36241, "typical_volume": 36270.65, "trend": 34.342195, "fair_value": 39.428403, "relative_strength": -39.927522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.94632, "energy": 55.795819, "activity_lines": [ 25.998446, 25.852139, 27.868891, 30.870341 ] }, { "date": "2024-05-31", "close": 25.948912, "volume": 28734, "typical_volume": 37272.8, "trend": 33.893231, "fair_value": 39.321033, "relative_strength": -37.851639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.277531, "energy": 83.536568, "activity_lines": [ 26.01139, 25.871741, 27.364697, 30.328839 ] }, { "date": "2024-06-07", "close": 25.667258, "volume": 25420, "typical_volume": 37907.85, "trend": 33.4381, "fair_value": 39.210514, "relative_strength": -39.425273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.432108, "energy": 86.184547, "activity_lines": [ 25.901217, 25.839442, 26.908749, 29.798131 ] }, { "date": "2024-06-14", "close": 25.245863, "volume": 87502, "typical_volume": 40136.9, "trend": 32.953431, "fair_value": 39.103226, "relative_strength": -41.744746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.847018, "energy": 92.872714, "activity_lines": [ 25.648311, 25.746227, 26.487229, 29.2696 ] }, { "date": "2024-06-21", "close": 25.71705, "volume": 25745, "typical_volume": 39795.25, "trend": 32.483394, "fair_value": 38.996811, "relative_strength": -40.052421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.689901, "energy": 87.364771, "activity_lines": [ 25.616583, 25.749676, 26.187419, 28.802737 ] }, { "date": "2024-06-28", "close": 25.63762, "volume": 84553, "typical_volume": 41539.3, "trend": 31.987301, "fair_value": 38.890156, "relative_strength": -39.481177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.595695, "energy": 67.185551, "activity_lines": [ 25.605154, 25.729773, 25.955943, 28.361074 ] }, { "date": "2024-07-05", "close": 25.268651, "volume": 16375, "typical_volume": 41310.7, "trend": 31.478292, "fair_value": 38.780435, "relative_strength": -41.671618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.48413, "energy": 70.157503, "activity_lines": [ 25.480258, 25.637399, 25.76465, 27.927612 ] }, { "date": "2024-07-12", "close": 26.113095, "volume": 51017, "typical_volume": 43667.95, "trend": 30.971249, "fair_value": 38.676893, "relative_strength": -38.837563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.141935, "energy": 64.231832, "activity_lines": [ 25.682193, 25.702955, 25.729926, 27.581471 ] }, { "date": "2024-07-19", "close": 26.417399, "volume": 176701, "typical_volume": 51876.25, "trend": 30.46546, "fair_value": 38.575962, "relative_strength": -34.822615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.000748, "energy": 50.602415, "activity_lines": [ 25.955841, 25.815116, 25.796765, 27.287674 ] }, { "date": "2024-07-26", "close": 26.693174, "volume": 80002, "typical_volume": 54437.7, "trend": 29.963121, "fair_value": 38.476231, "relative_strength": -31.666945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.412998, "energy": 34.417811, "activity_lines": [ 26.243312, 25.973602, 25.884043, 27.044301 ] }, { "date": "2024-08-02", "close": 26.379361, "volume": 59802, "typical_volume": 55851.45, "trend": 29.464909, "fair_value": 38.372679, "relative_strength": -29.543901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.620839, "energy": 24.156874, "activity_lines": [ 26.361103, 26.070041, 25.936208, 26.81309 ] }, { "date": "2024-08-09", "close": 26.091223, "volume": 78651, "typical_volume": 58170.55, "trend": 28.944169, "fair_value": 38.266685, "relative_strength": -29.741731, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -19.311003, "energy": 18.975632, "activity_lines": [ 26.333398, 26.103202, 25.956804, 26.595433 ] }, { "date": "2024-08-16", "close": 26.645627, "volume": 30607, "typical_volume": 58975.1, "trend": 28.454848, "fair_value": 38.166084, "relative_strength": -31.083718, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -5.691529, "energy": 10.578104, "activity_lines": [ 26.435657, 26.234576, 26.029341, 26.44714 ] }, { "date": "2024-08-23", "close": 27.324796, "volume": 63799, "typical_volume": 60551.5, "trend": 27.986303, "fair_value": 38.067234, "relative_strength": -29.178112, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 13.628336, "energy": 18.411761, "activity_lines": [ 26.728804, 26.471647, 26.166014, 26.374233 ] }, { "date": "2024-08-30", "close": 27.338965, "volume": 51640, "typical_volume": 62101.75, "trend": 27.509079, "fair_value": 37.967391, "relative_strength": -27.743133, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 14.861655, "energy": 25.606089, "activity_lines": [ 26.96618, 26.673495, 26.297017, 26.33247 ] }, { "date": "2024-09-06", "close": 26.632884, "volume": 34707, "typical_volume": 57436.8, "trend": 27.01499, "fair_value": 37.867678, "relative_strength": -24.406736, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 11.700552, "energy": 25.500347, "activity_lines": [ 26.925143, 26.717476, 26.350716, 26.275941 ] }, { "date": "2024-09-13", "close": 27.206687, "volume": 55148, "typical_volume": 55213.7, "trend": 26.54657, "fair_value": 37.77249, "relative_strength": -26.194848, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.487518, "energy": 53.104654, "activity_lines": [ 27.058472, 26.847688, 26.452914, 26.288309 ] }, { "date": "2024-09-20", "close": 27.37415, "volume": 27234, "typical_volume": 55435.2, "trend": 26.080534, "fair_value": 37.678704, "relative_strength": -25.839679, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.209674, "energy": 60.381805, "activity_lines": [ 27.173258, 26.973112, 26.562983, 26.341701 ] }, { "date": "2024-09-27", "close": 27.729702, "volume": 17491, "typical_volume": 54999.8, "trend": 26.165055, "fair_value": 37.586116, "relative_strength": -24.641594, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.874573, "energy": 60.814803, "activity_lines": [ 27.357994, 27.140253, 26.698624, 26.448099 ] }, { "date": "2024-10-04", "close": 27.58003, "volume": 57455, "typical_volume": 54441.2, "trend": 26.231197, "fair_value": 37.491881, "relative_strength": -24.167916, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.815747, "energy": 57.288608, "activity_lines": [ 27.465844, 27.256321, 26.812762, 26.539387 ] }, { "date": "2024-10-11", "close": 27.704534, "volume": 148093, "typical_volume": 60033.8, "trend": 26.304267, "fair_value": 37.394613, "relative_strength": -23.749941, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.622625, "energy": 58.142175, "activity_lines": [ 27.599126, 27.378901, 26.933228, 26.634441 ] }, { "date": "2024-10-18", "close": 28.030291, "volume": 50820, "typical_volume": 61138.1, "trend": 26.374914, "fair_value": 37.298653, "relative_strength": -21.959667, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.622079, "energy": 66.769857, "activity_lines": [ 27.769549, 27.536616, 27.075555, 26.745798 ] }, { "date": "2024-10-25", "close": 27.269297, "volume": 15353, "typical_volume": 60634.75, "trend": 26.399529, "fair_value": 37.198541, "relative_strength": -23.037531, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.425014, "energy": 45.036421, "activity_lines": [ 27.631401, 27.520712, 27.135496, 26.8035 ] }, { "date": "2024-11-01", "close": 27.101824, "volume": 18327, "typical_volume": 57176.0, "trend": 26.441238, "fair_value": 37.094519, "relative_strength": -21.162948, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.362651, "energy": 33.344126, "activity_lines": [ 27.444419, 27.463019, 27.171858, 26.848809 ] }, { "date": "2024-11-08", "close": 27.470264, "volume": 69771, "typical_volume": 59377.3, "trend": 26.516015, "fair_value": 36.994413, "relative_strength": -23.169925, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.287042, "energy": 27.693829, "activity_lines": [ 27.422108, 27.47637, 27.234472, 26.915198 ] }, { "date": "2024-11-15", "close": 26.998087, "volume": 103086, "typical_volume": 60303.95, "trend": 26.571238, "fair_value": 36.893789, "relative_strength": -20.736036, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.042645, "energy": 21.307977, "activity_lines": [ 27.249723, 27.401483, 27.243768, 26.9463 ] }, { "date": "2024-11-22", "close": 27.484236, "volume": 41031, "typical_volume": 61536.75, "trend": 26.637032, "fair_value": 36.798966, "relative_strength": -19.685621, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.992605, "energy": 19.368985, "activity_lines": [ 27.286484, 27.408346, 27.292886, 27.005203 ] }, { "date": "2024-11-29", "close": 27.790854, "volume": 39154, "typical_volume": 60943.6, "trend": 26.708952, "fair_value": 36.706986, "relative_strength": -18.254714, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.303533, "energy": 27.221407, "activity_lines": [ 27.461855, 27.465912, 27.360655, 27.079643 ] }, { "date": "2024-12-06", "close": 27.304609, "volume": 138409, "typical_volume": 59029.0, "trend": 26.745519, "fair_value": 36.608743, "relative_strength": -21.050009, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.256775, "energy": 23.640638, "activity_lines": [ 27.440374, 27.427493, 27.374125, 27.118072 ] }, { "date": "2024-12-13", "close": 27.125749, "volume": 128287, "typical_volume": 61443.25, "trend": 26.769088, "fair_value": 36.509852, "relative_strength": -20.974057, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.549993, "energy": 15.616969, "activity_lines": [ 27.345753, 27.364284, 27.366337, 27.142603 ] }, { "date": "2024-12-20", "close": 26.052107, "volume": 68285, "typical_volume": 61867.4, "trend": 26.778143, "fair_value": 36.402342, "relative_strength": -21.14357, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -11.741211, "energy": 14.728344, "activity_lines": [ 26.91622, 27.114126, 27.254236, 27.096346 ] }, { "date": "2024-12-27", "close": 26.173549, "volume": 10494, "typical_volume": 58459.55, "trend": 26.785631, "fair_value": 36.291653, "relative_strength": -20.23026, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.534116, "energy": 43.182022, "activity_lines": [ 26.590233, 26.916093, 27.155261, 27.05734 ] }, { "date": "2025-01-03", "close": 26.1274, "volume": 54507, "typical_volume": 59654.55, "trend": 26.800969, "fair_value": 36.179257, "relative_strength": -18.400333, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.65638, "energy": 59.873288, "activity_lines": [ 26.336242, 26.743428, 27.051497, 27.014874 ] }, { "date": "2025-01-10", "close": 25.561901, "volume": 120799, "typical_volume": 62504.55, "trend": 26.811504, "fair_value": 36.062563, "relative_strength": -17.028436, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.911327, "energy": 73.584492, "activity_lines": [ 26.004648, 26.488706, 26.896345, 26.934934 ] }, { "date": "2025-01-17", "close": 26.416954, "volume": 245700, "typical_volume": 72207.55, "trend": 26.834834, "fair_value": 35.956371, "relative_strength": -15.356188, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.331216, "energy": 60.977126, "activity_lines": [ 26.074252, 26.417448, 26.831021, 26.909479 ] }, { "date": "2025-01-24", "close": 26.452376, "volume": 44111, "typical_volume": 72677.75, "trend": 26.861993, "fair_value": 35.850669, "relative_strength": -15.1891, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.872376, "energy": 46.11429, "activity_lines": [ 26.202917, 26.371781, 26.773461, 26.884804 ] }, { "date": "2025-01-31", "close": 26.117748, "volume": 52621, "typical_volume": 72551.4, "trend": 26.890296, "fair_value": 35.740883, "relative_strength": -13.7425, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.704762, "energy": 41.888013, "activity_lines": [ 26.193354, 26.275194, 26.684891, 26.836789 ] }, { "date": "2025-02-07", "close": 25.504859, "volume": 77728, "typical_volume": 75076.1, "trend": 26.870021, "fair_value": 35.628906, "relative_strength": -14.546003, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.590518, "energy": 46.186599, "activity_lines": [ 25.983215, 26.092019, 26.543137, 26.747406 ] }, { "date": "2025-02-14", "close": 25.760632, "volume": 68835, "typical_volume": 77643.3, "trend": 26.848129, "fair_value": 35.520384, "relative_strength": -14.737719, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.386492, "energy": 45.987367, "activity_lines": [ 25.899836, 25.996911, 26.434643, 26.675832 ] }, { "date": "2025-02-21", "close": 26.137052, "volume": 29806, "typical_volume": 76260.85, "trend": 26.829592, "fair_value": 35.417362, "relative_strength": -10.104154, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.925669, "energy": 45.900473, "activity_lines": [ 25.928682, 25.998315, 26.371375, 26.629956 ] }, { "date": "2025-02-28", "close": 26.284435, "volume": 54598, "typical_volume": 71586.1, "trend": 26.826427, "fair_value": 35.315935, "relative_strength": -6.243072, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.312919, "energy": 38.635049, "activity_lines": [ 26.025316, 26.044493, 26.329015, 26.594785 ] }, { "date": "2025-03-07", "close": 26.542427, "volume": 33711, "typical_volume": 70730.65, "trend": 26.841468, "fair_value": 35.219847, "relative_strength": -2.009664, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.529225, "energy": 20.848023, "activity_lines": [ 26.219144, 26.133354, 26.317988, 26.576462 ] }, { "date": "2025-03-14", "close": 25.811883, "volume": 40504, "typical_volume": 71988.2, "trend": 26.813676, "fair_value": 35.118607, "relative_strength": -2.114668, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.351639, "energy": 21.819846, "activity_lines": [ 26.141144, 26.082682, 26.24447, 26.510037 ] }, { "date": "2025-03-21", "close": 25.772503, "volume": 30304, "typical_volume": 72587.05, "trend": 26.761933, "fair_value": 35.019103, "relative_strength": -2.34277, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.737079, "energy": 28.73703, "activity_lines": [ 26.02955, 26.030587, 26.174142, 26.442865 ] }, { "date": "2025-03-28", "close": 25.877651, "volume": 65882, "typical_volume": 72392.6, "trend": 26.713222, "fair_value": 34.919027, "relative_strength": 0.571072, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.703164, "energy": 30.387801, "activity_lines": [ 25.952214, 25.993781, 26.120158, 26.385814 ] }, { "date": "2025-04-04", "close": 23.896772, "volume": 126293, "typical_volume": 73552.95, "trend": 26.622019, "fair_value": 34.808163, "relative_strength": 3.130036, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.747646, "energy": 75.129097, "activity_lines": [ 25.231878, 25.60662, 25.885103, 26.204108 ] }, { "date": "2025-04-11", "close": 24.178368, "volume": 50553, "typical_volume": 74029.05, "trend": 26.521075, "fair_value": 34.699686, "relative_strength": -2.780647, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.697719, "energy": 79.294498, "activity_lines": [ 24.764585, 25.317124, 25.691635, 26.046453 ] }, { "date": "2025-04-18", "close": 24.178368, "volume": 12846, "typical_volume": 72713.65, "trend": 26.414549, "fair_value": 34.593702, "relative_strength": -0.279065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.258481, "energy": 81.58905, "activity_lines": [ 24.454896, 25.062889, 25.513909, 25.895311 ] }, { "date": "2025-04-25", "close": 24.498804, "volume": 768034, "typical_volume": 104194.9, "trend": 26.306852, "fair_value": 34.491021, "relative_strength": -4.784322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.062775, "energy": 76.356149, "activity_lines": [ 24.360919, 24.891034, 25.383903, 25.771714 ] }, { "date": "2025-05-02", "close": 24.741559, "volume": 157378, "typical_volume": 105649.45, "trend": 26.212236, "fair_value": 34.392145, "relative_strength": -6.757946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.507825, "energy": 55.159807, "activity_lines": [ 24.432775, 24.786258, 25.290377, 25.670728 ] }, { "date": "2025-05-09", "close": 24.693008, "volume": 130018, "typical_volume": 108736.1, "trend": 26.111852, "fair_value": 34.294761, "relative_strength": -6.477328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.099285, "energy": 42.367886, "activity_lines": [ 24.564186, 24.698027, 25.203581, 25.572713 ] }, { "date": "2025-05-16", "close": 25.722288, "volume": 302765, "typical_volume": 123349.65, "trend": 26.034919, "fair_value": 34.204059, "relative_strength": -8.53526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.090928, "energy": 20.571649, "activity_lines": [ 24.985608, 24.825873, 25.221284, 25.54758 ] }, { "date": "2025-05-23", "close": 24.673587, "volume": 35859, "typical_volume": 122417.25, "trend": 25.948395, "fair_value": 34.102795, "relative_strength": -9.887268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.929458, "energy": 19.600782, "activity_lines": [ 24.954536, 24.777958, 25.141259, 25.459752 ] }, { "date": "2025-05-30", "close": 25.03034, "volume": 249414, "typical_volume": 128848.0, "trend": 25.879346, "fair_value": 34.005153, "relative_strength": -10.010071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.023385, "energy": 17.195186, "activity_lines": [ 25.009366, 24.815603, 25.102133, 25.400522 ] }, { "date": "2025-06-06", "close": 25.288728, "volume": 104920, "typical_volume": 121809.0, "trend": 25.806628, "fair_value": 33.913065, "relative_strength": -10.677501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.121569, "energy": 17.401086, "activity_lines": [ 25.11489, 24.913722, 25.090147, 25.362418 ] }, { "date": "2025-06-13", "close": 25.266492, "volume": 101622, "typical_volume": 124684.55, "trend": 25.748908, "fair_value": 33.824453, "relative_strength": -10.09109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.940812, "energy": 13.197793, "activity_lines": [ 25.176524, 25.018506, 25.081416, 25.327571 ] }, { "date": "2025-06-20", "close": 24.984313, "volume": 84873, "typical_volume": 126297.15, "trend": 25.665577, "fair_value": 33.73288, "relative_strength": -10.865667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.035399, "energy": 14.1915, "activity_lines": [ 25.105866, 25.04708, 25.051458, 25.278242 ] }, { "date": "2025-06-27", "close": 25.448921, "volume": 27993, "typical_volume": 123810.4, "trend": 25.587513, "fair_value": 33.644117, "relative_strength": -12.593982, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.749719, "energy": 9.327668, "activity_lines": [ 25.239275, 25.145475, 25.071145, 25.264264 ] }, { "date": "2025-07-04", "close": 26.240957, "volume": 82783, "typical_volume": 124507.8, "trend": 25.552058, "fair_value": 33.56032, "relative_strength": -11.061091, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.546026, "energy": 23.582543, "activity_lines": [ 25.585008, 25.364776, 25.166531, 25.306422 ] }, { "date": "2025-07-11", "close": 26.156026, "volume": 166442, "typical_volume": 131339.6, "trend": 25.519734, "fair_value": 33.47542, "relative_strength": -10.836031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.884033, "energy": 42.921561, "activity_lines": [ 25.821723, 25.536959, 25.251541, 25.345387 ] }, { "date": "2025-07-18", "close": 25.852, "volume": 32995, "typical_volume": 130259.45, "trend": 25.513063, "fair_value": 33.385262, "relative_strength": -12.668862, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.735887, "energy": 45.286848, "activity_lines": [ 25.899275, 25.628147, 25.307505, 25.366824 ] }, { "date": "2025-07-25", "close": 26.496829, "volume": 387407, "typical_volume": 147944.25, "trend": 25.523839, "fair_value": 33.296913, "relative_strength": -10.934603, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.281692, "energy": 57.51305, "activity_lines": [ 26.152737, 25.815504, 25.426941, 25.430293 ] }, { "date": "2025-08-01", "close": 25.26013, "volume": 51640, "typical_volume": 148501.05, "trend": 25.49493, "fair_value": 33.201253, "relative_strength": -12.745453, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.353735, "energy": 28.69912, "activity_lines": [ 25.893132, 25.763924, 25.428814, 25.413279 ] }, { "date": "2025-08-08", "close": 25.817675, "volume": 44580, "typical_volume": 149214.85, "trend": 25.503456, "fair_value": 33.107403, "relative_strength": -13.604649, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.979884, "energy": 18.059631, "activity_lines": [ 25.831961, 25.803051, 25.486413, 25.434101 ] }, { "date": "2025-08-15", "close": 26.504282, "volume": 56965, "typical_volume": 148769.0, "trend": 25.506367, "fair_value": 33.020222, "relative_strength": -11.391687, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.83826, "energy": 28.380798, "activity_lines": [ 26.027877, 25.952701, 25.609188, 25.498671 ] }, { "date": "2025-08-22", "close": 27.056727, "volume": 42120, "typical_volume": 144560.35, "trend": 25.526512, "fair_value": 32.937703, "relative_strength": -8.357407, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.0671, "energy": 49.879759, "activity_lines": [ 26.384725, 26.180695, 25.781594, 25.598694 ] }, { "date": "2025-08-29", "close": 26.768, "volume": 45840, "typical_volume": 144324.7, "trend": 25.548187, "fair_value": 32.855327, "relative_strength": -8.718713, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.646746, "energy": 68.95194, "activity_lines": [ 26.565016, 26.323643, 25.911454, 25.67879 ] }, { "date": "2025-09-05", "close": 26.561851, "volume": 271454, "typical_volume": 157255.1, "trend": 25.58342, "fair_value": 32.770956, "relative_strength": -9.85379, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.415805, "energy": 69.953867, "activity_lines": [ 26.658512, 26.396679, 26.009349, 25.744188 ] }, { "date": "2025-09-12", "close": 26.525466, "volume": 233686, "typical_volume": 130537.7, "trend": 25.608915, "fair_value": 32.688767, "relative_strength": -11.191775, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.568313, "energy": 65.159758, "activity_lines": [ 26.653098, 26.442864, 26.092429, 25.804965 ] }, { "date": "2025-09-19", "close": 26.332557, "volume": 26739, "typical_volume": 124005.75, "trend": 25.615432, "fair_value": 32.609386, "relative_strength": -13.274429, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.50114, "energy": 39.173544, "activity_lines": [ 26.536195, 26.448802, 26.147486, 25.851651 ] }, { "date": "2025-09-26", "close": 26.4118, "volume": 16151, "typical_volume": 118312.4, "trend": 25.619677, "fair_value": 32.532746, "relative_strength": -12.18945, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.980463, "energy": 28.457783, "activity_lines": [ 26.457155, 26.465938, 26.202513, 25.90303 ] }, { "date": "2025-10-03", "close": 26.58974, "volume": 59655, "typical_volume": 106156.9, "trend": 25.621254, "fair_value": 32.456874, "relative_strength": -12.225976, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.716022, "energy": 28.473001, "activity_lines": [ 26.480424, 26.505248, 26.266303, 25.965615 ] }, { "date": "2025-10-10", "close": 25.988165, "volume": 71810, "typical_volume": 107954.45, "trend": 25.62713, "fair_value": 32.379062, "relative_strength": -11.803277, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.759023, "energy": 18.443101, "activity_lines": [ 26.315051, 26.433492, 26.268669, 25.989286 ] }, { "date": "2025-10-17", "close": 26.313381, "volume": 24987, "typical_volume": 96733.1, "trend": 25.645159, "fair_value": 32.303747, "relative_strength": -12.380916, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.656487, "energy": 17.540798, "activity_lines": [ 26.296329, 26.40763, 26.295748, 26.033561 ] }, { "date": "2025-10-24", "close": 26.397966, "volume": 38954, "typical_volume": 93434.8, "trend": 25.662503, "fair_value": 32.226373, "relative_strength": -13.555, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.94016, "energy": 17.796414, "activity_lines": [ 26.319942, 26.388133, 26.324773, 26.082129 ] }, { "date": "2025-10-31", "close": 25.839917, "volume": 22384, "typical_volume": 89472.9, "trend": 25.727275, "fair_value": 32.146866, "relative_strength": -16.511664, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.710668, "energy": 10.757344, "activity_lines": [ 26.153177, 26.269106, 26.295369, 26.093575 ] }, { "date": "2025-11-07", "close": 26.133451, "volume": 340740, "typical_volume": 102266.25, "trend": 25.792444, "fair_value": 32.065619, "relative_strength": -12.515281, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.129627, "energy": 11.91386, "activity_lines": [ 26.122383, 26.225573, 26.29119, 26.11978 ] }, { "date": "2025-11-14", "close": 26.202244, "volume": 57031, "typical_volume": 103718.15, "trend": 25.859907, "fair_value": 31.984784, "relative_strength": -11.755569, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.207751, "energy": 11.194217, "activity_lines": [ 26.144939, 26.206085, 26.28809, 26.146219 ] }, { "date": "2025-11-21", "close": 26.032678, "volume": 48631, "typical_volume": 102010.55, "trend": 25.911036, "fair_value": 31.90105, "relative_strength": -9.158275, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.128425, "energy": 12.344345, "activity_lines": [ 26.096701, 26.162304, 26.265254, 26.157365 ] }, { "date": "2025-11-28", "close": 26.555195, "volume": 49697, "typical_volume": 96173.3, "trend": 25.97149, "fair_value": 31.819219, "relative_strength": -11.282448, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.520347, "energy": 17.676068, "activity_lines": [ 26.241349, 26.222487, 26.293173, 26.198924 ] }, { "date": "2025-12-05", "close": 26.749338, "volume": 144582, "typical_volume": 101752.65, "trend": 26.040035, "fair_value": 31.738606, "relative_strength": -11.192794, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 47.329921, "energy": 29.527231, "activity_lines": [ 26.44023, 26.313921, 26.337681, 26.249107 ] }, { "date": "2025-12-12", "close": 27.156376, "volume": 57580, "typical_volume": 85261.3, "trend": 26.087838, "fair_value": 31.65941, "relative_strength": -7.83585, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.788965, "energy": 59.57716, "activity_lines": [ 26.714161, 26.473224, 26.416681, 26.321129 ] }, { "date": "2025-12-19", "close": 26.965392, "volume": 41853, "typical_volume": 84771.95, "trend": 26.164231, "fair_value": 31.58035, "relative_strength": -8.744326, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.831385, "energy": 63.391587, "activity_lines": [ 26.856236, 26.587501, 26.474352, 26.377746 ] }, { "date": "2025-12-26", "close": 27.155449, "volume": 32572, "typical_volume": 84171.55, "trend": 26.235068, "fair_value": 31.503704, "relative_strength": -8.976388, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.666797, "energy": 70.430683, "activity_lines": [ 27.010787, 26.718565, 26.542004, 26.441695 ] }, { "date": "2026-01-02", "close": 26.941537, "volume": 48187, "typical_volume": 83732.65, "trend": 26.290162, "fair_value": 31.422727, "relative_strength": -7.859061, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.92098, "energy": 64.566248, "activity_lines": [ 27.019183, 26.795426, 26.582912, 26.487274 ] }, { "date": "2026-01-09", "close": 27.545981, "volume": 282076, "typical_volume": 95730.45, "trend": 26.366145, "fair_value": 31.343006, "relative_strength": -7.576398, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.75827, "energy": 67.810814, "activity_lines": [ 27.203304, 26.972303, 26.679304, 26.568295 ] }, { "date": "2026-01-16", "close": 27.825529, "volume": 113933, "typical_volume": 99135.1, "trend": 26.460852, "fair_value": 31.26502, "relative_strength": -5.5957, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.462869, "energy": 74.573248, "activity_lines": [ 27.427498, 27.168988, 26.799991, 26.662448 ] }, { "date": "2026-01-23", "close": 27.869088, "volume": 91598, "typical_volume": 90142.3, "trend": 26.541524, "fair_value": 31.186334, "relative_strength": -5.461072, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.993038, "energy": 75.421855, "activity_lines": [ 27.621601, 27.342827, 26.919789, 26.753302 ] }, { "date": "2026-01-30", "close": 27.989618, "volume": 53023, "typical_volume": 81109.15, "trend": 26.599813, "fair_value": 31.107906, "relative_strength": -4.719287, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.129743, "energy": 83.243908, "activity_lines": [ 27.795635, 27.508275, 27.044842, 26.846728 ] }, { "date": "2026-02-06", "close": 28.452151, "volume": 65563, "typical_volume": 83050.35, "trend": 26.67635, "fair_value": 31.034957, "relative_strength": -1.108801, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.456107, "energy": 88.483853, "activity_lines": [ 28.068235, 27.722238, 27.206974, 26.966233 ] }, { "date": "2026-02-13", "close": 28.310239, "volume": 60093, "typical_volume": 85247.45, "trend": 26.758292, "fair_value": 30.96207, "relative_strength": -0.29469, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.323674, "energy": 84.408025, "activity_lines": [ 28.192824, 27.87591, 27.345497, 27.071646 ] }, { "date": "2026-02-20", "close": 28.168625, "volume": 45830, "typical_volume": 84556.2, "trend": 26.814018, "fair_value": 30.889484, "relative_strength": -1.769468, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.556989, "energy": 79.88922, "activity_lines": [ 28.219257, 27.975453, 27.461492, 27.162635 ] }, { "date": "2026-02-27", "close": 28.410482, "volume": 18153, "typical_volume": 81873.35, "trend": 26.91903, "fair_value": 30.818506, "relative_strength": -0.466739, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.781777, "energy": 76.863586, "activity_lines": [ 28.303436, 28.100566, 27.593003, 27.265633 ] }, { "date": "2026-03-06", "close": 27.844922, "volume": 45820, "typical_volume": 82915.0, "trend": 26.986605, "fair_value": 30.743358, "relative_strength": -0.904886, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.837133, "energy": 51.774041, "activity_lines": [ 28.163003, 28.096576, 27.659117, 27.325367 ] }, { "date": "2026-03-13", "close": 26.83105, "volume": 34485, "typical_volume": 82691.55, "trend": 26.997497, "fair_value": 30.660716, "relative_strength": -3.189969, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.505908, "energy": 17.217249, "activity_lines": [ 27.694258, 27.895709, 27.621378, 27.315332 ] }, { "date": "2026-03-20", "close": 26.522165, "volume": 22297, "typical_volume": 82687.2, "trend": 26.979678, "fair_value": 30.575038, "relative_strength": -2.052485, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.780448, "energy": 20.282826, "activity_lines": [ 27.230625, 27.64069, 27.552159, 27.284665 ] }, { "date": "2026-03-27", "close": 26.292142, "volume": 38261, "typical_volume": 67563.25, "trend": 26.963817, "fair_value": 30.487854, "relative_strength": 0.697368, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.100439, "energy": 43.880464, "activity_lines": [ 26.809523, 27.362464, 27.457784, 27.240308 ] }, { "date": "2026-04-03", "close": 26.6035, "volume": 83915, "typical_volume": 68907.45, "trend": 26.965205, "fair_value": 30.400998, "relative_strength": -1.549454, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.063323, "energy": 42.212671, "activity_lines": [ 26.617306, 27.168728, 27.392307, 27.217062 ] }, { "date": "2026-04-10", "close": 27.2711, "volume": 30059, "typical_volume": 67978.85, "trend": 26.990059, "fair_value": 30.319227, "relative_strength": -3.031058, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.175502, "energy": 35.349052, "activity_lines": [ 26.768087, 27.119384, 27.3885, 27.236797 ] }, { "date": "2026-04-17", "close": 28.39, "volume": 35930, "typical_volume": 67290.5, "trend": 27.058641, "fair_value": 30.244896, "relative_strength": -4.493309, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 42.52161, "energy": 20.445225, "activity_lines": [ 27.33009, 27.286541, 27.485358, 27.327116 ] }, { "date": "2026-04-24", "close": 27.96, "volume": 44264, "typical_volume": 62274.6, "trend": 27.110247, "fair_value": 30.166683, "relative_strength": -7.582825, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.427234, "energy": 28.852835, "activity_lines": [ 27.644829, 27.376646, 27.532526, 27.385268 ] }, { "date": "2026-05-01", "close": 27.597839, "volume": 189529, "typical_volume": 68872.05, "trend": 27.143851, "fair_value": 30.086236, "relative_strength": -9.794068, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.814264, "energy": 32.410118, "activity_lines": [ 27.742993, 27.407272, 27.539437, 27.416725 ] }, { "date": "2026-05-08", "close": 27.135124, "volume": 34123, "typical_volume": 68485.55, "trend": 27.182083, "fair_value": 30.002996, "relative_strength": -15.477877, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.263557, "energy": 25.257387, "activity_lines": [ 27.599872, 27.364145, 27.500179, 27.416162 ] }, { "date": "2026-05-15", "close": 26.799282, "volume": 107420, "typical_volume": 72227.95, "trend": 27.198279, "fair_value": 29.919479, "relative_strength": -15.833527, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 8.882613, "energy": 5.10934, "activity_lines": [ 27.309362, 27.283145, 27.428127, 27.391466 ] }, { "date": "2026-05-22", "close": 27.498032, "volume": 35314, "typical_volume": 71584.3, "trend": 27.234948, "fair_value": 29.841637, "relative_strength": -14.297027, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 16.966011, "energy": 12.44746, "activity_lines": [ 27.283223, 27.348201, 27.424319, 27.410804 ] }, { "date": "2026-05-29", "close": 27.260704, "volume": 36488, "typical_volume": 59304.9, "trend": 27.282308, "fair_value": 29.760277, "relative_strength": -17.017433, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.131536, "energy": 14.695905, "activity_lines": [ 27.237439, 27.357981, 27.395258, 27.412466 ] }, { "date": "2026-06-05", "close": 27.279909, "volume": 58127, "typical_volume": 56514.6, "trend": 27.320523, "fair_value": 29.679387, "relative_strength": -12.695442, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.347197, "energy": 13.046652, "activity_lines": [ 27.244676, 27.357824, 27.369384, 27.412311 ] }, { "date": "2026-06-12", "close": 27.94413, "volume": 26792, "typical_volume": 53274.3, "trend": 27.378586, "fair_value": 29.602436, "relative_strength": -12.230624, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.505018, "energy": 21.657982, "activity_lines": [ 27.494516, 27.460475, 27.409368, 27.452544 ] }, { "date": "2026-06-19", "close": 27.552862, "volume": 19539, "typical_volume": 51600.1, "trend": 27.429259, "fair_value": 29.523331, "relative_strength": -15.328848, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.882732, "energy": 13.931581, "activity_lines": [ 27.56, 27.467611, 27.411731, 27.463788 ] }, { "date": "2026-06-26", "close": 28.123743, "volume": 16503, "typical_volume": 49147.1, "trend": 27.481544, "fair_value": 29.447745, "relative_strength": -9.23323, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.227487, "energy": 34.907528, "activity_lines": [ 27.765538, 27.573421, 27.470544, 27.508593 ] }, { "date": "2026-07-03", "close": 28.2883, "volume": 56007, "typical_volume": 48942.8, "trend": 27.532842, "fair_value": 29.376117, "relative_strength": -9.176275, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.237889, "energy": 54.666134, "activity_lines": [ 27.984215, 27.713991, 27.546592, 27.560642 ] }, { "date": "2026-07-10", "close": 27.908, "volume": 51943, "typical_volume": 49248.45, "trend": 27.557897, "fair_value": 29.298393, "relative_strength": -11.645602, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.971083, "energy": 54.104899, "activity_lines": [ 28.007619, 27.779447, 27.586526, 27.584846 ] }, { "date": "2026-07-17", "close": 27.865, "volume": 30053, "typical_volume": 49843.45, "trend": 27.587883, "fair_value": 29.220137, "relative_strength": -7.701751, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.698043, "energy": 53.173485, "activity_lines": [ 27.974817, 27.831446, 27.623605, 27.604659 ] }, { "date": "2026-07-24", "close": 27.8207, "volume": 465049, "typical_volume": 70804.9, "trend": 27.610058, "fair_value": 29.14207, "relative_strength": -6.09167, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.151608, "energy": 38.214239, "activity_lines": [ 27.932523, 27.862119, 27.659063, 27.619679 ] }, { "date": "2026-07-31", "close": 27.8383, "volume": 234766, "typical_volume": 80818.95, "trend": 27.639951, "fair_value": 29.065283, "relative_strength": -6.324857, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 19.764701, "energy": 14.4468, "activity_lines": [ 27.87824, 27.877421, 27.696313, 27.634404 ] }, { "date": "2026-08-07", "close": 28.2039, "volume": 55345, "typical_volume": 82471.35, "trend": 27.661881, "fair_value": 28.991713, "relative_strength": -9.448356, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.164134, "energy": 30.195483, "activity_lines": [ 27.964853, 27.95301, 27.763585, 27.670788 ] } ], "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." } } }