{ "ticker": { "uuid": "d4ffbc9b-12e6-4603-b7da-7a1126e99173", "symbol": "CUD", "name": "iShares US Dividend Growers Index ETF (CAD-Hedged) Common Class", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 51.104, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 73.168, "architecture_energy": 70.074, "architecture_maturity": 15.051, "architecture_confidence": 66.863, "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": 6.45, "rotation_up": 72.73, "upward_expansion": 89.53, "deceleration": 46.28, "rotation_down": 13.87, "downward_expansion": 13.86 }, "activity_lines": [ 60.121887, 59.78339, 58.923839, 58.552501 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 60.450001, "trend_reference": 58.229304, "distance_from_trend": 0.038137, "trend_direction": "Improving", "fair_value": 54.244243, "distance_from_fair_value": 0.114404, "fair_value_direction": "Improving", "relative_strength": -6.589976, "relative_strength_direction": "Improving", "price_momentum": 0.017986, "excess_performance": -0.102435, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.038137, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019025, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.114404, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.043372, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.0659, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.038423, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.017986, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.135135, "read": "Demand-led" } ], "volume": { "latest": 5100, "relative_activity": 1.714286, "balance": 1.135135, "dry_up": 0.941176, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.016346, "annualized_volatility": 0.100909, "from_high_reference": -0.006573, "from_low_reference": 0.123369 }, "levels": { "trend_reference": 58.229304, "fair_value_reference": 54.244243, "structural_low": 55.808197, "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": 21, "median_return": 0.003233, "positive_rate": 0.52381, "directional_follow_through": 0.52381, "median_excess_return": -0.02261, "regime_survival": 0.619048, "best_return": 0.049914, "worst_return": -0.08067, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.005983, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.045855, "regime_survival": 0.125, "best_return": 0.035097, "worst_return": -0.06286, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.016262, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.072173, "regime_survival": 0.2, "best_return": 0.082024, "worst_return": -0.03927, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.036873, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.090838, "regime_survival": 0.25, "best_return": 0.094764, "worst_return": -0.046213, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-11-29", "tenure": "New", "return": 0.028884, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": -0.015793, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-31", "tenure": "Developing", "return": 0.018209, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": 0.03318, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.047624, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.061309, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.04387, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-09-26", "tenure": "Developing", "return": 0.000724, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-12-26", "tenure": "Established", "return": -0.006506, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.022499, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": 0.045309, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.07214, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-06-26", "tenure": "Established", "return": 0.053627, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.003748, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 48.575401, "volume": 16141, "typical_volume": 14770.4, "trend": 49.571111, "fair_value": 48.623301, "relative_strength": -1.265234, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.818555, "energy": 9.96768, "activity_lines": [ 49.68176, 49.663226, 49.375659, 49.346289 ] }, { "date": "2023-08-25", "close": 48.578808, "volume": 12320, "typical_volume": 12578.6, "trend": 49.481981, "fair_value": 48.681005, "relative_strength": -1.273256, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.703304, "energy": 14.168702, "activity_lines": [ 49.199124, 49.492842, 49.30826, 49.28227 ] }, { "date": "2023-09-01", "close": 49.064888, "volume": 10888, "typical_volume": 12626.35, "trend": 49.367208, "fair_value": 48.743708, "relative_strength": -3.609471, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.90188, "energy": 18.391483, "activity_lines": [ 49.012143, 49.428377, 49.290393, 49.25536 ] }, { "date": "2023-09-08", "close": 48.122475, "volume": 8405, "typical_volume": 12215.65, "trend": 49.261233, "fair_value": 48.806209, "relative_strength": -3.129116, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.620758, "energy": 40.09046, "activity_lines": [ 48.634203, 49.173269, 49.184634, 49.175055 ] }, { "date": "2023-09-15", "close": 48.281197, "volume": 8118, "typical_volume": 11962.55, "trend": 49.143875, "fair_value": 48.86822, "relative_strength": -5.281771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.315728, "energy": 54.939611, "activity_lines": [ 48.454904, 48.968391, 49.102496, 49.111827 ] }, { "date": "2023-09-22", "close": 47.348709, "volume": 9552, "typical_volume": 11967.35, "trend": 49.043046, "fair_value": 48.933403, "relative_strength": -3.073886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.055022, "energy": 69.832989, "activity_lines": [ 48.062956, 48.602748, 48.940373, 48.99601 ] }, { "date": "2023-09-29", "close": 46.28838, "volume": 20151, "typical_volume": 12124.85, "trend": 48.889847, "fair_value": 48.984367, "relative_strength": -4.050321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.071454, "energy": 84.332396, "activity_lines": [ 47.399344, 48.081914, 48.687339, 48.818289 ] }, { "date": "2023-10-06", "close": 45.523209, "volume": 8596, "typical_volume": 12249.0, "trend": 48.80348, "fair_value": 49.02099, "relative_strength": -4.14375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.549248, "energy": 91.293906, "activity_lines": [ 46.633371, 47.500046, 48.371906, 48.601087 ] }, { "date": "2023-10-13", "close": 45.662323, "volume": 7545, "typical_volume": 12048.45, "trend": 48.738122, "fair_value": 49.058569, "relative_strength": -4.825967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.024093, "energy": 92.272166, "activity_lines": [ 46.14988, 47.041461, 48.084124, 48.398432 ] }, { "date": "2023-10-20", "close": 45.03627, "volume": 23208, "typical_volume": 12669.25, "trend": 48.641317, "fair_value": 49.091001, "relative_strength": -4.343941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.454044, "energy": 93.460036, "activity_lines": [ 45.621716, 46.553523, 47.745986, 48.159602 ] }, { "date": "2023-10-27", "close": 44.259853, "volume": 40016, "typical_volume": 14058.8, "trend": 48.4632, "fair_value": 49.133073, "relative_strength": -3.988256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.026007, "energy": 94.670996, "activity_lines": [ 45.051074, 46.010193, 47.350949, 47.876927 ] }, { "date": "2023-11-03", "close": 46.629143, "volume": 18719, "typical_volume": 14464.65, "trend": 48.37554, "fair_value": 49.180185, "relative_strength": -4.283978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.626327, "energy": 68.488791, "activity_lines": [ 45.476119, 45.976108, 47.204556, 47.758601 ] }, { "date": "2023-11-10", "close": 45.912392, "volume": 17860, "typical_volume": 14932.6, "trend": 48.257427, "fair_value": 49.203479, "relative_strength": -4.783942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.64073, "energy": 56.657547, "activity_lines": [ 45.63953, 45.847153, 47.003779, 47.599688 ] }, { "date": "2023-11-17", "close": 47.405632, "volume": 15567, "typical_volume": 15433.9, "trend": 48.174001, "fair_value": 49.237921, "relative_strength": -4.067651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.707509, "energy": 36.036959, "activity_lines": [ 46.274742, 46.047014, 46.955175, 47.544734 ] }, { "date": "2023-11-24", "close": 47.654896, "volume": 19961, "typical_volume": 16011.7, "trend": 48.091362, "fair_value": 49.267838, "relative_strength": -3.063355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.807413, "energy": 28.342501, "activity_lines": [ 46.876822, 46.30523, 46.93932, 47.511243 ] }, { "date": "2023-12-01", "close": 48.592228, "volume": 24640, "typical_volume": 16479.65, "trend": 48.062305, "fair_value": 49.30029, "relative_strength": -2.710927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.676035, "energy": 21.838513, "activity_lines": [ 47.61677, 46.745257, 47.018017, 47.543557 ] }, { "date": "2023-12-08", "close": 48.642078, "volume": 15472, "typical_volume": 16622.85, "trend": 48.067433, "fair_value": 49.333441, "relative_strength": -1.902714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.965591, "energy": 37.051536, "activity_lines": [ 48.08451, 47.171738, 47.105386, 47.580962 ] }, { "date": "2023-12-15", "close": 49.888565, "volume": 26073, "typical_volume": 17343.85, "trend": 48.11214, "fair_value": 49.375972, "relative_strength": -0.253989, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.523466, "energy": 46.160432, "activity_lines": [ 48.83355, 47.782058, 47.320712, 47.698454 ] }, { "date": "2023-12-22", "close": 50.058083, "volume": 13084, "typical_volume": 16140.5, "trend": 48.193782, "fair_value": 49.419715, "relative_strength": -1.459821, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.65911, "energy": 63.985645, "activity_lines": [ 49.374017, 48.34383, 47.557059, 47.823999 ] }, { "date": "2023-12-29", "close": 50.323372, "volume": 5062, "typical_volume": 16068.9, "trend": 48.250706, "fair_value": 49.46577, "relative_strength": -1.153965, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.557111, "energy": 71.371095, "activity_lines": [ 49.826085, 48.873913, 47.819864, 47.961392 ] }, { "date": "2024-01-05", "close": 49.983418, "volume": 25405, "typical_volume": 16532.1, "trend": 48.280504, "fair_value": 49.499831, "relative_strength": -1.569367, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.620695, "energy": 67.151896, "activity_lines": [ 49.986936, 49.246057, 48.04758, 48.07318 ] }, { "date": "2024-01-12", "close": 50.00341, "volume": 7736, "typical_volume": 16302.9, "trend": 48.295832, "fair_value": 49.531931, "relative_strength": -1.646817, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.619063, "energy": 64.386773, "activity_lines": [ 50.061705, 49.517772, 48.270496, 48.184335 ] }, { "date": "2024-01-19", "close": 49.753448, "volume": 13180, "typical_volume": 16417.5, "trend": 48.354159, "fair_value": 49.564581, "relative_strength": -1.684169, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.877509, "energy": 47.2959, "activity_lines": [ 49.962397, 49.682688, 48.462822, 48.278374 ] }, { "date": "2024-01-26", "close": 49.868416, "volume": 14422, "typical_volume": 16718.35, "trend": 48.373176, "fair_value": 49.606661, "relative_strength": -2.389495, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.621703, "energy": 47.956763, "activity_lines": [ 49.910421, 49.798671, 48.662818, 48.376068 ] }, { "date": "2024-02-02", "close": 50.068733, "volume": 37151, "typical_volume": 18170.0, "trend": 48.416668, "fair_value": 49.639683, "relative_strength": -1.68946, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.009086, "energy": 49.675037, "activity_lines": [ 49.937861, 49.906296, 48.873578, 48.485459 ] }, { "date": "2024-02-09", "close": 49.467781, "volume": 17000, "typical_volume": 18542.4, "trend": 48.418376, "fair_value": 49.664221, "relative_strength": -2.415982, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.582225, "energy": 38.40957, "activity_lines": [ 49.781959, 49.86077, 49.018593, 48.553273 ] }, { "date": "2024-02-16", "close": 49.978584, "volume": 15950, "typical_volume": 18332.35, "trend": 48.398221, "fair_value": 49.691716, "relative_strength": -2.414245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.21974, "energy": 39.755058, "activity_lines": [ 49.830702, 49.892198, 49.202165, 48.653932 ] }, { "date": "2024-02-23", "close": 50.653961, "volume": 6113, "typical_volume": 18208.2, "trend": 48.389601, "fair_value": 49.724112, "relative_strength": -1.724775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.901635, "energy": 50.359473, "activity_lines": [ 50.106224, 50.022122, 49.432486, 48.799463 ] }, { "date": "2024-03-01", "close": 50.553638, "volume": 10698, "typical_volume": 18365.85, "trend": 48.397773, "fair_value": 49.745248, "relative_strength": -2.454144, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.625299, "energy": 51.3085, "activity_lines": [ 50.288272, 50.119889, 49.62882, 48.939078 ] }, { "date": "2024-03-08", "close": 51.466606, "volume": 8023, "typical_volume": 17606.6, "trend": 48.454863, "fair_value": 49.762193, "relative_strength": -1.486582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.555332, "energy": 73.696393, "activity_lines": [ 50.728961, 50.37464, 49.888811, 49.137068 ] }, { "date": "2024-03-15", "close": 51.536831, "volume": 8119, "typical_volume": 16011.75, "trend": 48.553578, "fair_value": 49.78391, "relative_strength": -1.77977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.547986, "energy": 86.561822, "activity_lines": [ 51.099867, 50.621373, 50.12487, 49.335904 ] }, { "date": "2024-03-22", "close": 52.082184, "volume": 10506, "typical_volume": 15601.1, "trend": 48.670357, "fair_value": 49.802879, "relative_strength": -1.278982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.27138, "energy": 90.784124, "activity_lines": [ 51.51462, 50.939017, 50.378215, 49.563556 ] }, { "date": "2024-03-29", "close": 53.076988, "volume": 2485, "typical_volume": 14832.35, "trend": 48.804093, "fair_value": 49.828672, "relative_strength": -0.16471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.918717, "energy": 94.400788, "activity_lines": [ 52.120735, 51.399739, 50.700337, 49.847855 ] }, { "date": "2024-04-05", "close": 52.041992, "volume": 14040, "typical_volume": 14756.0, "trend": 48.934744, "fair_value": 49.8456, "relative_strength": -2.460333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.131656, "energy": 83.543593, "activity_lines": [ 52.220315, 51.611851, 50.88977, 50.056752 ] }, { "date": "2024-04-12", "close": 50.735661, "volume": 5732, "typical_volume": 14044.55, "trend": 49.016559, "fair_value": 49.848868, "relative_strength": -3.259387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.878915, "energy": 55.022872, "activity_lines": [ 51.785229, 51.54693, 50.932713, 50.17294 ] }, { "date": "2024-04-19", "close": 51.107464, "volume": 5254, "typical_volume": 13075.25, "trend": 49.141851, "fair_value": 49.852226, "relative_strength": -2.082994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.845688, "energy": 41.405997, "activity_lines": [ 51.522807, 51.537483, 50.996395, 50.307837 ] }, { "date": "2024-04-26", "close": 51.403278, "volume": 4872, "typical_volume": 12545.25, "trend": 49.312348, "fair_value": 49.857456, "relative_strength": -2.171127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.18248, "energy": 27.052304, "activity_lines": [ 51.387613, 51.552008, 51.076273, 50.453736 ] }, { "date": "2024-05-03", "close": 51.826012, "volume": 3820, "typical_volume": 11432.6, "trend": 49.522441, "fair_value": 49.854037, "relative_strength": -1.231648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.065594, "energy": 24.602901, "activity_lines": [ 51.438592, 51.61749, 51.183263, 50.615907 ] }, { "date": "2024-05-10", "close": 52.933197, "volume": 4777, "typical_volume": 11017.25, "trend": 49.764804, "fair_value": 49.858353, "relative_strength": -0.754793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.809627, "energy": 46.006085, "activity_lines": [ 51.94203, 51.862968, 51.386473, 50.835956 ] }, { "date": "2024-05-17", "close": 53.225071, "volume": 11461, "typical_volume": 11337.2, "trend": 50.037764, "fair_value": 49.868916, "relative_strength": -0.889749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.938493, "energy": 66.414247, "activity_lines": [ 52.483347, 52.11825, 51.603789, 51.059199 ] }, { "date": "2024-05-24", "close": 52.141445, "volume": 2198, "typical_volume": 10176.85, "trend": 50.300484, "fair_value": 49.871957, "relative_strength": -2.236565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.253465, "energy": 60.245514, "activity_lines": [ 52.497493, 52.144537, 51.704085, 51.194921 ] }, { "date": "2024-05-31", "close": 52.04063, "volume": 7259, "typical_volume": 10153.0, "trend": 50.480866, "fair_value": 49.870516, "relative_strength": -2.127018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.305492, "energy": 51.05847, "activity_lines": [ 52.409103, 52.1415, 51.784504, 51.307188 ] }, { "date": "2024-06-07", "close": 52.141445, "volume": 5826, "typical_volume": 9785.3, "trend": 50.688502, "fair_value": 49.870297, "relative_strength": -0.69074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.053045, "energy": 39.566217, "activity_lines": [ 52.311828, 52.15755, 51.864823, 51.414322 ] }, { "date": "2024-06-14", "close": 51.385338, "volume": 8787, "typical_volume": 9503.55, "trend": 50.821158, "fair_value": 49.880828, "relative_strength": -0.382119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.545393, "energy": 17.140988, "activity_lines": [ 51.941488, 52.053135, 51.86176, 51.459279 ] }, { "date": "2024-06-21", "close": 52.020473, "volume": 28556, "typical_volume": 9073.8, "trend": 50.966678, "fair_value": 49.887537, "relative_strength": 1.291094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.170335, "energy": 16.89981, "activity_lines": [ 51.88605, 52.076138, 51.911963, 51.536655 ] }, { "date": "2024-06-28", "close": 51.418961, "volume": 10698, "typical_volume": 8758.7, "trend": 51.060902, "fair_value": 49.890837, "relative_strength": -1.272786, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.747489, "energy": 14.925373, "activity_lines": [ 51.710415, 51.966416, 51.895585, 51.565834 ] }, { "date": "2024-07-05", "close": 51.166515, "volume": 5922, "typical_volume": 8257.3, "trend": 51.14505, "fair_value": 49.893096, "relative_strength": -2.463534, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.082283, "energy": 11.950256, "activity_lines": [ 51.498797, 51.80513, 51.845874, 51.572648 ] }, { "date": "2024-07-12", "close": 52.711506, "volume": 27219, "typical_volume": 9312.6, "trend": 51.239148, "fair_value": 49.906347, "relative_strength": -2.151401, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.027934, "energy": 16.028376, "activity_lines": [ 51.86045, 51.929057, 51.937647, 51.67371 ] }, { "date": "2024-07-19", "close": 53.20631, "volume": 8787, "typical_volume": 9217.05, "trend": 51.344089, "fair_value": 49.922258, "relative_strength": -1.212996, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.026887, "energy": 36.247575, "activity_lines": [ 52.349034, 52.126848, 52.066747, 51.800623 ] }, { "date": "2024-07-26", "close": 54.155338, "volume": 5922, "typical_volume": 9112.0, "trend": 51.471821, "fair_value": 49.942598, "relative_strength": 0.087957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.72765, "energy": 72.296429, "activity_lines": [ 53.032563, 52.492224, 52.273599, 51.981994 ] }, { "date": "2024-08-02", "close": 54.175549, "volume": 3535, "typical_volume": 8882.8, "trend": 51.611559, "fair_value": 49.96204, "relative_strength": 2.811052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.20596, "energy": 81.434742, "activity_lines": [ 53.580504, 52.844361, 52.469572, 52.156428 ] }, { "date": "2024-08-09", "close": 53.902508, "volume": 5539, "typical_volume": 8634.45, "trend": 51.741529, "fair_value": 49.974986, "relative_strength": 1.927394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.671947, "energy": 79.645764, "activity_lines": [ 53.853658, 53.109871, 52.626975, 52.304231 ] }, { "date": "2024-08-16", "close": 54.863232, "volume": 5445, "typical_volume": 8782.45, "trend": 51.911855, "fair_value": 49.998067, "relative_strength": 0.457417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.937416, "energy": 85.848631, "activity_lines": [ 54.264655, 53.516205, 52.867209, 52.505632 ] }, { "date": "2024-08-23", "close": 55.834091, "volume": 3630, "typical_volume": 8261.95, "trend": 52.110711, "fair_value": 50.025266, "relative_strength": 1.260908, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.932461, "energy": 91.2241, "activity_lines": [ 54.855823, 54.049572, 53.191399, 52.758679 ] }, { "date": "2024-08-30", "close": 56.47084, "volume": 3630, "typical_volume": 8156.85, "trend": 52.324114, "fair_value": 50.057252, "relative_strength": 2.126588, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.275571, "energy": 94.266314, "activity_lines": [ 55.484055, 54.617825, 53.558174, 53.039978 ] }, { "date": "2024-09-06", "close": 56.015102, "volume": 27409, "typical_volume": 9264.6, "trend": 52.542358, "fair_value": 50.094797, "relative_strength": 3.761963, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.470913, "energy": 89.390418, "activity_lines": [ 55.806008, 55.022301, 53.854235, 53.278106 ] }, { "date": "2024-09-13", "close": 56.622768, "volume": 32376, "typical_volume": 10639.8, "trend": 52.763831, "fair_value": 50.14022, "relative_strength": 1.333525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.864562, "energy": 90.597113, "activity_lines": [ 56.207879, 55.453695, 54.184799, 53.541358 ] }, { "date": "2024-09-20", "close": 56.744297, "volume": 12511, "typical_volume": 11074.35, "trend": 52.966842, "fair_value": 50.185792, "relative_strength": 0.293352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.757318, "energy": 87.396424, "activity_lines": [ 56.468909, 55.807981, 54.502083, 53.798162 ] }, { "date": "2024-09-27", "close": 57.493176, "volume": 9934, "typical_volume": 11332.2, "trend": 53.19816, "fair_value": 50.236936, "relative_strength": 1.212205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.544517, "energy": 84.310705, "activity_lines": [ 56.854161, 56.225103, 54.867268, 54.090184 ] }, { "date": "2024-10-04", "close": 57.067226, "volume": 5827, "typical_volume": 11050.5, "trend": 53.384848, "fair_value": 50.28104, "relative_strength": -0.391278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.706136, "energy": 69.157924, "activity_lines": [ 56.986824, 56.486837, 55.170173, 54.339801 ] }, { "date": "2024-10-11", "close": 57.300484, "volume": 3440, "typical_volume": 11112.6, "trend": 53.576969, "fair_value": 50.321748, "relative_strength": -1.240922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.38678, "energy": 72.523677, "activity_lines": [ 57.157481, 56.738038, 55.476996, 54.592423 ] }, { "date": "2024-10-18", "close": 58.192951, "volume": 9742, "typical_volume": 11236.75, "trend": 53.780662, "fair_value": 50.365089, "relative_strength": -1.112857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.692187, "energy": 81.944939, "activity_lines": [ 57.539935, 57.094689, 55.84425, 54.890228 ] }, { "date": "2024-10-25", "close": 56.509434, "volume": 5255, "typical_volume": 11208.2, "trend": 53.895076, "fair_value": 50.398102, "relative_strength": -2.524007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.875296, "energy": 62.924803, "activity_lines": [ 57.256537, 57.067237, 56.021871, 55.066278 ] }, { "date": "2024-11-01", "close": 55.86356, "volume": 3440, "typical_volume": 10940.85, "trend": 54.022462, "fair_value": 50.419951, "relative_strength": -2.771196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.927039, "energy": 47.807856, "activity_lines": [ 56.773506, 56.892423, 56.117181, 55.193277 ] }, { "date": "2024-11-08", "close": 57.224358, "volume": 7068, "typical_volume": 9866.45, "trend": 54.238752, "fair_value": 50.449169, "relative_strength": -2.411356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.140942, "energy": 44.56483, "activity_lines": [ 56.852715, 56.964491, 56.320766, 55.399851 ] }, { "date": "2024-11-15", "close": 56.472874, "volume": 7355, "typical_volume": 9699.3, "trend": 54.417599, "fair_value": 50.477308, "relative_strength": -4.138046, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.466395, "energy": 28.071399, "activity_lines": [ 56.670953, 56.886225, 56.428001, 55.543988 ] }, { "date": "2024-11-22", "close": 57.382053, "volume": 4967, "typical_volume": 9651.55, "trend": 54.616891, "fair_value": 50.515939, "relative_strength": -4.624641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.758377, "energy": 35.11492, "activity_lines": [ 56.847426, 56.964942, 56.597758, 55.735243 ] }, { "date": "2024-11-29", "close": 58.104031, "volume": 7928, "typical_volume": 8687.0, "trend": 54.826159, "fair_value": 50.562813, "relative_strength": -4.105568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.722403, "energy": 52.546188, "activity_lines": [ 57.318618, 57.161122, 56.806677, 55.96022 ] }, { "date": "2024-12-06", "close": 56.660072, "volume": 13180, "typical_volume": 8906.65, "trend": 54.950388, "fair_value": 50.589652, "relative_strength": -6.505714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.350442, "energy": 38.750309, "activity_lines": [ 57.202183, 57.070041, 56.852397, 56.078537 ] }, { "date": "2024-12-13", "close": 55.765236, "volume": 13753, "typical_volume": 9298.2, "trend": 55.03506, "fair_value": 50.612627, "relative_strength": -6.291336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.925399, "energy": 22.875563, "activity_lines": [ 56.734369, 56.831411, 56.796448, 56.131107 ] }, { "date": "2024-12-20", "close": 53.833176, "volume": 8883, "typical_volume": 9565.6, "trend": 55.091451, "fair_value": 50.620183, "relative_strength": -6.897641, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -16.563357, "energy": 21.215241, "activity_lines": [ 55.71981, 56.265169, 56.548828, 56.053566 ] }, { "date": "2024-12-27", "close": 53.772163, "volume": 1242, "typical_volume": 9350.75, "trend": 55.149169, "fair_value": 50.635552, "relative_strength": -7.565745, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.325914, "energy": 45.261172, "activity_lines": [ 54.860893, 55.750876, 56.297027, 55.968451 ] }, { "date": "2025-01-03", "close": 53.460567, "volume": 3535, "typical_volume": 9255.25, "trend": 55.19314, "fair_value": 50.645291, "relative_strength": -8.926551, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.33424, "energy": 68.038419, "activity_lines": [ 54.138771, 55.260307, 56.016171, 55.859509 ] }, { "date": "2025-01-10", "close": 52.157139, "volume": 11079, "typical_volume": 9627.7, "trend": 55.218866, "fair_value": 50.647414, "relative_strength": -9.845307, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.428734, "energy": 81.553313, "activity_lines": [ 53.291736, 54.588185, 55.617858, 55.663638 ] }, { "date": "2025-01-17", "close": 54.305756, "volume": 9074, "typical_volume": 9899.9, "trend": 55.295042, "fair_value": 50.676975, "relative_strength": -7.092225, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.040652, "energy": 69.473994, "activity_lines": [ 53.461103, 54.374111, 55.441685, 55.604728 ] }, { "date": "2025-01-24", "close": 54.224277, "volume": 7546, "typical_volume": 8906.75, "trend": 55.388553, "fair_value": 50.712071, "relative_strength": -8.516105, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.431279, "energy": 56.127976, "activity_lines": [ 53.700608, 54.198287, 55.268061, 55.535646 ] }, { "date": "2025-01-31", "close": 54.813427, "volume": 8691, "typical_volume": 7722.5, "trend": 55.510117, "fair_value": 50.74484, "relative_strength": -7.582101, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.139974, "energy": 43.353665, "activity_lines": [ 54.110424, 54.170465, 55.159075, 55.498541 ] }, { "date": "2025-02-07", "close": 53.76305, "volume": 6686, "typical_volume": 7431.25, "trend": 55.545168, "fair_value": 50.773897, "relative_strength": -8.849526, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.626239, "energy": 32.103736, "activity_lines": [ 54.100696, 53.998368, 54.958669, 55.385827 ] }, { "date": "2025-02-14", "close": 54.436108, "volume": 5827, "typical_volume": 7225.9, "trend": 55.586161, "fair_value": 50.807144, "relative_strength": -7.689608, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.411888, "energy": 26.414848, "activity_lines": [ 54.295155, 54.027572, 54.836561, 55.314275 ] }, { "date": "2025-02-21", "close": 55.149963, "volume": 3248, "typical_volume": 7096.95, "trend": 55.619316, "fair_value": 50.84177, "relative_strength": -5.092761, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.279073, "energy": 21.841783, "activity_lines": [ 54.575635, 54.227003, 54.796995, 55.286133 ] }, { "date": "2025-02-28", "close": 55.771584, "volume": 5540, "typical_volume": 7201.95, "trend": 55.672517, "fair_value": 50.878219, "relative_strength": -4.836428, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.313704, "energy": 17.292377, "activity_lines": [ 55.007042, 54.550644, 54.825762, 55.295957 ] }, { "date": "2025-03-07", "close": 55.546913, "volume": 6686, "typical_volume": 7049.15, "trend": 55.72733, "fair_value": 50.919711, "relative_strength": -2.689425, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.830878, "energy": 19.78826, "activity_lines": [ 55.260404, 54.798191, 54.840412, 55.287853 ] }, { "date": "2025-03-14", "close": 54.35202, "volume": 7831, "typical_volume": 7177.95, "trend": 55.71029, "fair_value": 50.948913, "relative_strength": -3.86981, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.367189, "energy": 18.506313, "activity_lines": [ 55.066569, 54.796217, 54.753863, 55.199124 ] }, { "date": "2025-03-21", "close": 54.597126, "volume": 1529, "typical_volume": 7082.4, "trend": 55.669058, "fair_value": 50.971542, "relative_strength": -4.896763, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.747766, "energy": 14.076645, "activity_lines": [ 54.915172, 54.822599, 54.70093, 55.127307 ] }, { "date": "2025-03-28", "close": 54.433022, "volume": 5254, "typical_volume": 6991.7, "trend": 55.60113, "fair_value": 50.990336, "relative_strength": -4.224139, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.716383, "energy": 18.854185, "activity_lines": [ 54.698339, 54.774781, 54.6384, 55.047562 ] }, { "date": "2025-04-04", "close": 51.763535, "volume": 4490, "typical_volume": 6848.45, "trend": 55.459412, "fair_value": 50.990164, "relative_strength": -2.686659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.066283, "energy": 63.526955, "activity_lines": [ 53.639473, 54.239287, 54.334924, 54.799976 ] }, { "date": "2025-04-11", "close": 52.162418, "volume": 14422, "typical_volume": 7321.2, "trend": 55.310733, "fair_value": 50.993785, "relative_strength": -3.490831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.9486, "energy": 69.405374, "activity_lines": [ 52.980771, 53.821059, 54.091863, 54.587266 ] }, { "date": "2025-04-18", "close": 52.581768, "volume": 3343, "typical_volume": 7091.95, "trend": 55.171982, "fair_value": 51.002197, "relative_strength": -5.012181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.488457, "energy": 71.934251, "activity_lines": [ 52.687486, 53.527276, 53.913595, 54.411204 ] }, { "date": "2025-04-25", "close": 52.69593, "volume": 6018, "typical_volume": 6733.85, "trend": 55.012074, "fair_value": 51.023988, "relative_strength": -6.637692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.388917, "energy": 70.054372, "activity_lines": [ 52.550271, 53.275728, 53.772496, 54.251459 ] }, { "date": "2025-05-02", "close": 53.608021, "volume": 4585, "typical_volume": 6275.45, "trend": 54.896767, "fair_value": 51.050944, "relative_strength": -6.06592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.044069, "energy": 42.942684, "activity_lines": [ 52.843833, 53.221654, 53.737141, 54.160875 ] }, { "date": "2025-05-09", "close": 53.536285, "volume": 1625, "typical_volume": 5912.55, "trend": 54.771294, "fair_value": 51.077007, "relative_strength": -7.193661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.204901, "energy": 30.339039, "activity_lines": [ 53.168484, 53.182572, 53.705225, 54.073102 ] }, { "date": "2025-05-16", "close": 55.360451, "volume": 3534, "typical_volume": 6027.15, "trend": 54.676877, "fair_value": 51.124612, "relative_strength": -6.112341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.130493, "energy": 12.067541, "activity_lines": [ 53.983006, 53.515799, 53.848453, 54.111112 ] }, { "date": "2025-05-23", "close": 53.936878, "volume": 3153, "typical_volume": 6008.05, "trend": 54.591125, "fair_value": 51.144799, "relative_strength": -8.00553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.306416, "energy": 19.417436, "activity_lines": [ 54.109801, 53.593584, 53.84854, 54.06337 ] }, { "date": "2025-05-30", "close": 54.419468, "volume": 2198, "typical_volume": 5564.0, "trend": 54.542989, "fair_value": 51.171431, "relative_strength": -8.027554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.553584, "energy": 18.214276, "activity_lines": [ 54.30712, 53.766661, 53.892319, 54.052295 ] }, { "date": "2025-06-06", "close": 54.686428, "volume": 6399, "typical_volume": 5430.25, "trend": 54.458391, "fair_value": 51.209887, "relative_strength": -8.230304, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.997416, "energy": 18.950811, "activity_lines": [ 54.478522, 53.991507, 53.950751, 54.061549 ] }, { "date": "2025-06-13", "close": 54.419468, "volume": 3534, "typical_volume": 5229.65, "trend": 54.389944, "fair_value": 51.265991, "relative_strength": -8.687412, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.894132, "energy": 13.407324, "activity_lines": [ 54.489044, 54.163207, 53.981944, 54.059038 ] }, { "date": "2025-06-20", "close": 54.039555, "volume": 1911, "typical_volume": 4890.65, "trend": 54.278528, "fair_value": 51.302904, "relative_strength": -9.010585, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.646088, "energy": 10.42888, "activity_lines": [ 54.31405, 54.217542, 53.976027, 54.036432 ] }, { "date": "2025-06-27", "close": 54.77026, "volume": 3821, "typical_volume": 4747.4, "trend": 54.167402, "fair_value": 51.350842, "relative_strength": -8.217804, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.711622, "energy": 12.940128, "activity_lines": [ 54.470683, 54.370603, 54.043385, 54.068157 ] }, { "date": "2025-07-04", "close": 56.303082, "volume": 3821, "typical_volume": 4647.1, "trend": 54.155502, "fair_value": 51.405497, "relative_strength": -6.708796, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.374215, "energy": 53.53928, "activity_lines": [ 55.082699, 54.762568, 54.25193, 54.205943 ] }, { "date": "2025-07-11", "close": 56.38538, "volume": 3248, "typical_volume": 4647.1, "trend": 54.176174, "fair_value": 51.461363, "relative_strength": -6.284549, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.4676, "energy": 70.588313, "activity_lines": [ 55.596572, 55.103912, 54.459422, 54.349806 ] }, { "date": "2025-07-18", "close": 56.159058, "volume": 5159, "typical_volume": 4628.05, "trend": 54.253703, "fair_value": 51.510061, "relative_strength": -7.423153, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.181032, "energy": 73.198752, "activity_lines": [ 55.921742, 55.353609, 54.639477, 54.477734 ] }, { "date": "2025-07-25", "close": 56.652851, "volume": 3248, "typical_volume": 4456.15, "trend": 54.349726, "fair_value": 51.548911, "relative_strength": -6.969646, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.880522, "energy": 79.555851, "activity_lines": [ 56.295537, 55.645399, 54.864715, 54.632518 ] }, { "date": "2025-08-01", "close": 55.279366, "volume": 2389, "typical_volume": 4184.05, "trend": 54.410353, "fair_value": 51.580575, "relative_strength": -7.317639, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.121468, "energy": 64.598754, "activity_lines": [ 56.037283, 55.663967, 54.953878, 54.692494 ] }, { "date": "2025-08-08", "close": 56.320045, "volume": 2103, "typical_volume": 4212.75, "trend": 54.549116, "fair_value": 51.607019, "relative_strength": -7.77334, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.75637, "energy": 45.507465, "activity_lines": [ 56.091983, 55.84734, 55.137738, 54.8157 ] }, { "date": "2025-08-15", "close": 56.742496, "volume": 2675, "typical_volume": 4083.8, "trend": 54.630341, "fair_value": 51.635922, "relative_strength": -7.289691, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.723396, "energy": 47.864333, "activity_lines": [ 56.286368, 56.072967, 55.353627, 54.957209 ] }, { "date": "2025-08-22", "close": 57.12373, "volume": 956, "typical_volume": 3907.1, "trend": 54.72699, "fair_value": 51.678171, "relative_strength": -7.766774, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.817567, "energy": 52.580963, "activity_lines": [ 56.584023, 56.330526, 55.594826, 55.118072 ] }, { "date": "2025-08-29", "close": 57.192566, "volume": 2484, "typical_volume": 3310.2, "trend": 54.806294, "fair_value": 51.729964, "relative_strength": -8.066753, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.26599, "energy": 70.54948, "activity_lines": [ 56.840313, 56.551432, 55.817057, 55.277142 ] }, { "date": "2025-09-05", "close": 56.975849, "volume": 8405, "typical_volume": 3563.3, "trend": 54.913387, "fair_value": 51.77195, "relative_strength": -9.550217, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.813315, "energy": 70.281611, "activity_lines": [ 56.988382, 56.675608, 55.994694, 55.417113 ] }, { "date": "2025-09-12", "close": 57.037777, "volume": 3631, "typical_volume": 3443.95, "trend": 55.00011, "fair_value": 51.828301, "relative_strength": -9.809276, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.887374, "energy": 64.158478, "activity_lines": [ 57.043996, 56.770941, 56.157306, 55.554171 ] }, { "date": "2025-09-19", "close": 56.542416, "volume": 2961, "typical_volume": 3362.75, "trend": 55.046525, "fair_value": 51.89433, "relative_strength": -11.672004, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.140509, "energy": 42.99401, "activity_lines": [ 56.88664, 56.762851, 56.252064, 55.653674 ] }, { "date": "2025-09-26", "close": 56.426197, "volume": 5444, "typical_volume": 3553.7, "trend": 55.068345, "fair_value": 51.97017, "relative_strength": -11.433412, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.047119, "energy": 31.018996, "activity_lines": [ 56.703883, 56.730775, 56.321781, 55.742685 ] }, { "date": "2025-10-03", "close": 57.160069, "volume": 7640, "typical_volume": 3759.0, "trend": 55.122117, "fair_value": 52.047591, "relative_strength": -11.988968, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.376259, "energy": 33.818433, "activity_lines": [ 56.812252, 56.827273, 56.447629, 55.877635 ] }, { "date": "2025-10-10", "close": 56.157452, "volume": 1911, "typical_volume": 3696.9, "trend": 55.182298, "fair_value": 52.116774, "relative_strength": -11.366401, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.785362, "energy": 21.801345, "activity_lines": [ 56.588582, 56.732255, 56.46942, 55.944431 ] }, { "date": "2025-10-17", "close": 56.436539, "volume": 1528, "typical_volume": 3663.4, "trend": 55.243612, "fair_value": 52.180501, "relative_strength": -11.310397, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.065202, "energy": 19.920323, "activity_lines": [ 56.512501, 56.672015, 56.507216, 56.02535 ] }, { "date": "2025-10-24", "close": 56.612244, "volume": 1433, "typical_volume": 3415.1, "trend": 55.316253, "fair_value": 52.230703, "relative_strength": -11.392581, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.836774, "energy": 20.520636, "activity_lines": [ 56.535071, 56.641603, 56.552142, 56.113649 ] }, { "date": "2025-10-31", "close": 55.446201, "volume": 4967, "typical_volume": 3486.75, "trend": 55.439008, "fair_value": 52.273993, "relative_strength": -12.57655, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.454189, "energy": 11.341545, "activity_lines": [ 56.164305, 56.401552, 56.476845, 56.122032 ] }, { "date": "2025-11-07", "close": 54.752605, "volume": 5158, "typical_volume": 3649.1, "trend": 55.525348, "fair_value": 52.297134, "relative_strength": -12.277377, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.882384, "energy": 26.210416, "activity_lines": [ 55.627673, 56.065892, 56.330602, 56.077748 ] }, { "date": "2025-11-14", "close": 56.098385, "volume": 3535, "typical_volume": 3634.8, "trend": 55.642568, "fair_value": 52.328588, "relative_strength": -11.005405, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.826307, "energy": 19.316119, "activity_lines": [ 55.700132, 56.019283, 56.309133, 56.114718 ] }, { "date": "2025-11-21", "close": 56.031311, "volume": 6018, "typical_volume": 3744.65, "trend": 55.753748, "fair_value": 52.352075, "relative_strength": -10.293309, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.961535, "energy": 18.75098, "activity_lines": [ 55.75417, 55.976433, 56.274951, 56.139799 ] }, { "date": "2025-11-28", "close": 56.964474, "volume": 3344, "typical_volume": 3749.45, "trend": 55.86563, "fair_value": 52.381856, "relative_strength": -11.982783, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.424047, "energy": 17.435951, "activity_lines": [ 56.146279, 56.121548, 56.330937, 56.21791 ] }, { "date": "2025-12-05", "close": 56.632679, "volume": 4203, "typical_volume": 3701.65, "trend": 55.968843, "fair_value": 52.41797, "relative_strength": -11.970277, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.646823, "energy": 23.244069, "activity_lines": [ 56.404307, 56.198663, 56.352565, 56.267397 ] }, { "date": "2025-12-12", "close": 57.182209, "volume": 11557, "typical_volume": 4117.1, "trend": 56.029568, "fair_value": 52.465189, "relative_strength": -11.399418, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.654284, "energy": 33.070118, "activity_lines": [ 56.766413, 56.371938, 56.424274, 56.345679 ] }, { "date": "2025-12-19", "close": 56.84005, "volume": 2580, "typical_volume": 4126.65, "trend": 56.12634, "fair_value": 52.506893, "relative_strength": -12.234474, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.979465, "energy": 35.934435, "activity_lines": [ 56.852492, 56.482599, 56.460876, 56.397968 ] }, { "date": "2025-12-26", "close": 56.788204, "volume": 2101, "typical_volume": 4126.55, "trend": 56.205298, "fair_value": 52.548932, "relative_strength": -12.65872, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.209022, "energy": 42.268502, "activity_lines": [ 56.871845, 56.571424, 56.485108, 56.440669 ] }, { "date": "2026-01-02", "close": 54.247959, "volume": 4682, "typical_volume": 4226.9, "trend": 56.190683, "fair_value": 52.568223, "relative_strength": -15.918301, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -36.465892, "energy": 21.40113, "activity_lines": [ 55.993991, 56.191992, 56.265183, 56.314389 ] }, { "date": "2026-01-09", "close": 55.468468, "volume": 3100, "typical_volume": 4334.1, "trend": 56.225649, "fair_value": 52.591131, "relative_strength": -15.624882, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.048404, "energy": 26.388845, "activity_lines": [ 55.704073, 56.077457, 56.173376, 56.267794 ] }, { "date": "2026-01-16", "close": 56.808044, "volume": 3800, "typical_volume": 4399.9, "trend": 56.317932, "fair_value": 52.631979, "relative_strength": -14.340499, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.443583, "energy": 23.571996, "activity_lines": [ 55.938295, 56.206077, 56.217029, 56.305368 ] }, { "date": "2026-01-23", "close": 56.768353, "volume": 5600, "typical_volume": 4259.65, "trend": 56.384535, "fair_value": 52.667336, "relative_strength": -14.328221, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.298621, "energy": 16.907848, "activity_lines": [ 56.184231, 56.290109, 56.258734, 56.334428 ] }, { "date": "2026-01-30", "close": 57.016624, "volume": 15700, "typical_volume": 4863.1, "trend": 56.40832, "fair_value": 52.696237, "relative_strength": -10.350042, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.782404, "energy": 12.523808, "activity_lines": [ 56.517704, 56.4071, 56.325071, 56.375208 ] }, { "date": "2026-02-06", "close": 59.381969, "volume": 7200, "typical_volume": 5075.05, "trend": 56.508206, "fair_value": 52.748033, "relative_strength": -7.95259, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.764786, "energy": 65.144135, "activity_lines": [ 57.624397, 56.936238, 56.61678, 56.567056 ] }, { "date": "2026-02-13", "close": 60.147224, "volume": 29400, "typical_volume": 6272.85, "trend": 56.641145, "fair_value": 52.801529, "relative_strength": -8.183125, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.750243, "energy": 85.324886, "activity_lines": [ 58.643908, 57.56056, 56.967849, 56.801831 ] }, { "date": "2026-02-20", "close": 59.918648, "volume": 4700, "typical_volume": 6125.85, "trend": 56.750005, "fair_value": 52.862715, "relative_strength": -10.176444, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.431767, "energy": 88.040106, "activity_lines": [ 59.27531, 58.079421, 57.279429, 57.013283 ] }, { "date": "2026-02-27", "close": 60.227463, "volume": 6200, "typical_volume": 6340.3, "trend": 56.914942, "fair_value": 52.922607, "relative_strength": -10.70208, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.673158, "energy": 90.747264, "activity_lines": [ 59.802276, 58.604677, 57.607285, 57.237635 ] }, { "date": "2026-03-06", "close": 58.306477, "volume": 4700, "typical_volume": 6498.9, "trend": 56.981156, "fair_value": 52.987942, "relative_strength": -9.84277, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.900596, "energy": 78.358316, "activity_lines": [ 59.458307, 58.719074, 57.732808, 57.327412 ] }, { "date": "2026-03-13", "close": 57.350956, "volume": 6400, "typical_volume": 6747.25, "trend": 57.001438, "fair_value": 53.0503, "relative_strength": -9.441791, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.827508, "energy": 43.092581, "activity_lines": [ 58.70984, 58.632134, 57.758425, 57.35127 ] }, { "date": "2026-03-20", "close": 55.808197, "volume": 3300, "typical_volume": 6663.9, "trend": 56.957587, "fair_value": 53.100735, "relative_strength": -8.064703, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.109854, "energy": 15.029918, "activity_lines": [ 57.582521, 58.208275, 57.633594, 57.274286 ] }, { "date": "2026-03-27", "close": 56.126133, "volume": 1900, "typical_volume": 6501.0, "trend": 56.922039, "fair_value": 53.142547, "relative_strength": -9.00255, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.171482, "energy": 28.160197, "activity_lines": [ 56.850449, 57.836046, 57.53732, 57.220644 ] }, { "date": "2026-04-03", "close": 56.524895, "volume": 2100, "typical_volume": 6429.25, "trend": 56.907007, "fair_value": 53.189124, "relative_strength": -11.067484, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.052922, "energy": 31.128387, "activity_lines": [ 56.504132, 57.548717, 57.472482, 57.195022 ] }, { "date": "2026-04-10", "close": 57.142982, "volume": 1800, "typical_volume": 6218.35, "trend": 56.910514, "fair_value": 53.238401, "relative_strength": -11.204232, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.853211, "energy": 31.073154, "activity_lines": [ 56.610683, 57.378194, 57.464479, 57.210246 ] }, { "date": "2026-04-17", "close": 57.721195, "volume": 11100, "typical_volume": 6606.15, "trend": 56.949807, "fair_value": 53.288483, "relative_strength": -11.565593, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.427284, "energy": 17.793474, "activity_lines": [ 56.987537, 57.310503, 57.50625, 57.262548 ] }, { "date": "2026-04-24", "close": 57.643433, "volume": 2000, "typical_volume": 6496.0, "trend": 56.990381, "fair_value": 53.33662, "relative_strength": -10.139718, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.029599, "energy": 11.719846, "activity_lines": [ 57.313788, 57.258869, 57.537011, 57.307298 ] }, { "date": "2026-05-01", "close": 57.961452, "volume": 2500, "typical_volume": 6043.15, "trend": 57.017094, "fair_value": 53.391091, "relative_strength": -9.211473, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.427014, "energy": 23.132993, "activity_lines": [ 57.623696, 57.310581, 57.593247, 57.369948 ] }, { "date": "2026-05-08", "close": 57.243664, "volume": 6500, "typical_volume": 6239.15, "trend": 57.053301, "fair_value": 53.447216, "relative_strength": -10.432256, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 31.727449, "energy": 20.913142, "activity_lines": [ 57.571987, 57.267371, 57.577412, 57.384565 ] }, { "date": "2026-05-15", "close": 56.366371, "volume": 8300, "typical_volume": 6549.1, "trend": 57.050962, "fair_value": 53.497337, "relative_strength": -10.741741, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.564669, "energy": 6.487512, "activity_lines": [ 57.179929, 57.118904, 57.476103, 57.340247 ] }, { "date": "2026-05-22", "close": 57.342731, "volume": 2500, "typical_volume": 6440.0, "trend": 57.075312, "fair_value": 53.559734, "relative_strength": -10.48833, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 14.782638, "energy": 10.684457, "activity_lines": [ 57.165098, 57.183232, 57.469789, 57.359071 ] }, { "date": "2026-05-29", "close": 57.452564, "volume": 3800, "typical_volume": 6475.0, "trend": 57.142191, "fair_value": 53.616381, "relative_strength": -10.690472, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.290986, "energy": 10.414567, "activity_lines": [ 57.212109, 57.267679, 57.459199, 57.38341 ] }, { "date": "2026-06-05", "close": 57.742126, "volume": 1300, "typical_volume": 6350.0, "trend": 57.241841, "fair_value": 53.671847, "relative_strength": -8.942519, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.6838, "energy": 10.109122, "activity_lines": [ 57.368366, 57.374876, 57.466737, 57.422115 ] }, { "date": "2026-06-12", "close": 58.730618, "volume": 1000, "typical_volume": 6120.0, "trend": 57.329582, "fair_value": 53.730738, "relative_strength": -8.418054, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.325796, "energy": 37.760261, "activity_lines": [ 57.868741, 57.632418, 57.56397, 57.518165 ] }, { "date": "2026-06-19", "close": 57.772079, "volume": 400, "typical_volume": 5355.0, "trend": 57.387608, "fair_value": 53.793356, "relative_strength": -9.625891, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.052592, "energy": 39.961665, "activity_lines": [ 57.950474, 57.675575, 57.56057, 57.546714 ] }, { "date": "2026-06-26", "close": 59.136032, "volume": 600, "typical_volume": 5025.0, "trend": 57.459993, "fair_value": 53.856421, "relative_strength": -7.168713, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.732471, "energy": 64.816747, "activity_lines": [ 58.393143, 57.955286, 57.683472, 57.659515 ] }, { "date": "2026-07-03", "close": 60.2243, "volume": 400, "typical_volume": 3575.0, "trend": 57.579714, "fair_value": 53.929885, "relative_strength": -5.80654, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.347615, "energy": 80.372056, "activity_lines": [ 59.079015, 58.407139, 57.91119, 57.837858 ] }, { "date": "2026-07-10", "close": 59.475491, "volume": 2100, "typical_volume": 3445.0, "trend": 57.656157, "fair_value": 53.994365, "relative_strength": -6.733097, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.517726, "energy": 74.711769, "activity_lines": [ 59.330502, 58.67592, 58.067225, 57.960166 ] }, { "date": "2026-07-17", "close": 60.114475, "volume": 2100, "typical_volume": 3240.0, "trend": 57.765304, "fair_value": 54.055463, "relative_strength": -5.266008, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.739398, "energy": 81.468093, "activity_lines": [ 59.679425, 59.033352, 58.286227, 58.118767 ] }, { "date": "2026-07-24", "close": 60.02462, "volume": 3300, "typical_volume": 3170.0, "trend": 57.873185, "fair_value": 54.113874, "relative_strength": -5.32124, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.845577, "energy": 79.421522, "activity_lines": [ 59.90614, 59.322251, 58.497209, 58.264529 ] }, { "date": "2026-07-31", "close": 59.950001, "volume": 700, "typical_volume": 2885.0, "trend": 58.063253, "fair_value": 54.175678, "relative_strength": -4.703389, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.810281, "energy": 68.253687, "activity_lines": [ 59.957813, 59.531069, 58.692903, 58.398517 ] }, { "date": "2026-08-07", "close": 60.450001, "volume": 5100, "typical_volume": 2975.0, "trend": 58.229304, "fair_value": 54.244243, "relative_strength": -6.589976, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.167508, "energy": 70.073922, "activity_lines": [ 60.121887, 59.78339, 58.923839, 58.552501 ] } ], "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." } } }