{ "ticker": { "uuid": "d65b068b-02ee-4e3c-ba75-cb66e0b5bcc8", "symbol": "XDEM", "name": "Xtrackers MSCI World Momentum UCITS ETF 1C", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 32.5, "architecture_energy": 26.579, "architecture_maturity": 65.308, "architecture_confidence": 84.424, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 44.4, "rotation_up": 19.89, "upward_expansion": 54.85, "deceleration": 94.0, "rotation_down": 32.27, "downward_expansion": 20.85 }, "activity_lines": [ 83.928, 85.309273, 84.216714, 81.450021 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 84.209999, "trend_reference": 78.055333, "distance_from_trend": 0.07885, "trend_direction": "Improving", "fair_value": 63.117372, "distance_from_fair_value": 0.334181, "fair_value_direction": "Weakening", "relative_strength": -2.063215, "relative_strength_direction": "Weakening", "price_momentum": 0.189239, "excess_performance": 0.018347, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07885, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076754, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.334181, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.017577, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020632, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.04831, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.189239, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.794117, "read": "Demand-led" } ], "volume": { "latest": 58983, "relative_activity": 1.787074, "balance": 2.794117, "dry_up": 1.218613, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.042705, "annualized_volatility": 0.185206, "from_high_reference": -0.0694, "from_low_reference": 0.290179 }, "levels": { "trend_reference": 78.055333, "fair_value_reference": 63.117372, "structural_low": 66.129997, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": -0.015991, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.014635, "regime_survival": 0.3, "best_return": 0.117509, "worst_return": -0.088658, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.024601, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.046946, "regime_survival": 0.142857, "best_return": 0.164724, "worst_return": -0.032362, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.089457, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.018348, "regime_survival": 0.0, "best_return": 0.208147, "worst_return": -0.162915, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.062251, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.046302, "regime_survival": 0.0, "best_return": 0.089688, "worst_return": -0.120302, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-02-28", "tenure": "Established", "return": 0.067332, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.007898, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.016613, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.020938, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": 0.070733, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.010484, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.003117, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.013501, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-21", "tenure": "Established", "return": 0.020514, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.002879, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-02-13", "tenure": "Developing", "return": 0.026721, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.048801, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-24", "tenure": "Established", "return": 0.107816, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.020233, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.700001, "volume": 3631, "typical_volume": 5247.5, "trend": 42.922, "fair_value": 43.755192, "relative_strength": -10.143419, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.582189, "energy": 16.713238, "activity_lines": [ 43.315667, 43.379091, 43.225667, 43.049409 ] }, { "date": "2023-08-25", "close": 43.355, "volume": 4699, "typical_volume": 5244.75, "trend": 42.9225, "fair_value": 43.786635, "relative_strength": -9.641561, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.014802, "energy": 15.852844, "activity_lines": [ 43.269, 43.370364, 43.25131, 43.077344 ] }, { "date": "2023-09-01", "close": 44.605, "volume": 5621, "typical_volume": 5396.15, "trend": 42.990333, "fair_value": 43.8375, "relative_strength": -7.978349, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.351911, "energy": 29.707115, "activity_lines": [ 43.652667, 43.596818, 43.393381, 43.185893 ] }, { "date": "2023-09-08", "close": 44.599998, "volume": 6775, "typical_volume": 5259.5, "trend": 43.0195, "fair_value": 43.887532, "relative_strength": -6.160374, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.480936, "energy": 42.369688, "activity_lines": [ 44.015999, 43.791, 43.527524, 43.289742 ] }, { "date": "2023-09-15", "close": 44.805, "volume": 4297, "typical_volume": 5279.8, "trend": 43.069, "fair_value": 43.938494, "relative_strength": -7.379965, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.963109, "energy": 66.634466, "activity_lines": [ 44.376666, 44.006909, 43.673214, 43.404935 ] }, { "date": "2023-09-22", "close": 43.91, "volume": 3732, "typical_volume": 5180.3, "trend": 43.094167, "fair_value": 43.980545, "relative_strength": -7.688142, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.825478, "energy": 61.320136, "activity_lines": [ 44.342333, 44.022636, 43.723619, 43.459194 ] }, { "date": "2023-09-29", "close": 43.895, "volume": 2304, "typical_volume": 5147.7, "trend": 43.110833, "fair_value": 44.017083, "relative_strength": -6.087425, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.296651, "energy": 49.347134, "activity_lines": [ 44.222333, 44.026273, 43.764738, 43.51086 ] }, { "date": "2023-10-06", "close": 43.560001, "volume": 7485, "typical_volume": 5327.8, "trend": 43.146833, "fair_value": 44.047404, "relative_strength": -4.790324, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.088125, "energy": 22.733719, "activity_lines": [ 43.954667, 43.962909, 43.768619, 43.539839 ] }, { "date": "2023-10-13", "close": 44.384998, "volume": 1408, "typical_volume": 5128.9, "trend": 43.266, "fair_value": 44.07859, "relative_strength": -3.890647, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.237826, "energy": 20.840813, "activity_lines": [ 44.031666, 44.063454, 43.848619, 43.61972 ] }, { "date": "2023-10-20", "close": 43.014999, "volume": 2586, "typical_volume": 5040.6, "trend": 43.333667, "fair_value": 44.110449, "relative_strength": -3.33338, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.491535, "energy": 12.099655, "activity_lines": [ 43.666333, 43.899454, 43.789071, 43.603527 ] }, { "date": "2023-10-27", "close": 42.630001, "volume": 1315, "typical_volume": 4956.95, "trend": 43.349167, "fair_value": 44.145769, "relative_strength": -3.440089, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.882529, "energy": 20.831421, "activity_lines": [ 43.292, 43.671636, 43.692333, 43.558129 ] }, { "date": "2023-11-03", "close": 44.279999, "volume": 4465, "typical_volume": 4968.3, "trend": 43.398333, "fair_value": 44.175962, "relative_strength": -4.101384, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.844232, "energy": 14.953153, "activity_lines": [ 43.553, 43.745091, 43.753333, 43.618183 ] }, { "date": "2023-11-10", "close": 44.830002, "volume": 2368, "typical_volume": 4962.2, "trend": 43.458, "fair_value": 44.213462, "relative_strength": -2.034434, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.328555, "energy": 22.637312, "activity_lines": [ 43.971667, 43.901727, 43.864381, 43.710548 ] }, { "date": "2023-11-17", "close": 45.48, "volume": 17782, "typical_volume": 5657.55, "trend": 43.543167, "fair_value": 44.253558, "relative_strength": -3.638343, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.824245, "energy": 52.892455, "activity_lines": [ 44.522334, 44.172455, 44.028048, 43.841 ] }, { "date": "2023-11-24", "close": 45.709999, "volume": 11831, "typical_volume": 6057.05, "trend": 43.643667, "fair_value": 44.292885, "relative_strength": -2.583114, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.12897, "energy": 72.720701, "activity_lines": [ 45.076667, 44.469, 44.205357, 43.980796 ] }, { "date": "2023-12-01", "close": 45.75, "volume": 3242, "typical_volume": 5680.45, "trend": 43.76, "fair_value": 44.334647, "relative_strength": -3.745672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.595816, "energy": 78.815945, "activity_lines": [ 45.464667, 44.756364, 44.372357, 44.116688 ] }, { "date": "2023-12-08", "close": 46.119999, "volume": 7428, "typical_volume": 5610.75, "trend": 43.8715, "fair_value": 44.379872, "relative_strength": -4.123914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.185871, "energy": 81.497132, "activity_lines": [ 45.768, 45.077545, 44.563381, 44.268946 ] }, { "date": "2023-12-15", "close": 46.52, "volume": 8075, "typical_volume": 5667.45, "trend": 43.987333, "fair_value": 44.42141, "relative_strength": -2.858654, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.861452, "energy": 83.750838, "activity_lines": [ 46.082, 45.431, 44.780309, 44.439817 ] }, { "date": "2023-12-22", "close": 46.785, "volume": 8923, "typical_volume": 5565.3, "trend": 44.130833, "fair_value": 44.463013, "relative_strength": -1.888871, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.452225, "energy": 85.563965, "activity_lines": [ 46.371666, 45.778818, 45.012024, 44.620312 ] }, { "date": "2023-12-29", "close": 46.700001, "volume": 1702, "typical_volume": 5483.45, "trend": 44.257333, "fair_value": 44.504487, "relative_strength": -1.719883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.013643, "energy": 80.947994, "activity_lines": [ 46.546, 46.067546, 45.220167, 44.786064 ] }, { "date": "2024-01-05", "close": 46.584999, "volume": 8682, "typical_volume": 5736.0, "trend": 44.385, "fair_value": 44.536058, "relative_strength": -1.994129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.048606, "energy": 73.472933, "activity_lines": [ 46.616, 46.268363, 45.401428, 44.936236 ] }, { "date": "2024-01-12", "close": 48.240002, "volume": 12866, "typical_volume": 6144.35, "trend": 44.533333, "fair_value": 44.579551, "relative_strength": 1.512949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.33262, "energy": 85.780278, "activity_lines": [ 47.182001, 46.698182, 45.72181, 45.184946 ] }, { "date": "2024-01-19", "close": 49.16, "volume": 10204, "typical_volume": 6373.5, "trend": 44.742667, "fair_value": 44.621795, "relative_strength": 4.145151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.956443, "energy": 94.057176, "activity_lines": [ 47.913334, 47.223273, 46.106548, 45.483441 ] }, { "date": "2024-01-26", "close": 50.43, "volume": 15429, "typical_volume": 6806.2, "trend": 44.9655, "fair_value": 44.680865, "relative_strength": 6.474488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.409188, "energy": 97.226177, "activity_lines": [ 48.892, 47.900546, 46.590548, 45.850366 ] }, { "date": "2024-02-02", "close": 52.049999, "volume": 9853, "typical_volume": 7084.0, "trend": 45.275667, "fair_value": 44.735833, "relative_strength": 8.528229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.459955, "energy": 98.643536, "activity_lines": [ 50.167667, 48.782364, 47.201071, 46.30743 ] }, { "date": "2024-02-09", "close": 53.57, "volume": 16338, "typical_volume": 7714.3, "trend": 45.614833, "fair_value": 44.796667, "relative_strength": 9.970304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.378234, "energy": 98.686622, "activity_lines": [ 51.593333, 49.825273, 47.921857, 46.842548 ] }, { "date": "2024-02-16", "close": 54.27, "volume": 12474, "typical_volume": 8222.8, "trend": 45.971833, "fair_value": 44.863878, "relative_strength": 9.184606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.520453, "energy": 98.054797, "activity_lines": [ 52.786666, 50.853273, 48.66331, 47.400946 ] }, { "date": "2024-02-23", "close": 54.82, "volume": 11693, "typical_volume": 8433.2, "trend": 46.321667, "fair_value": 44.952853, "relative_strength": 6.921588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.32028, "energy": 95.811464, "activity_lines": [ 53.761333, 51.833091, 49.407738, 47.971796 ] }, { "date": "2024-03-01", "close": 55.950001, "volume": 7306, "typical_volume": 8728.1, "trend": 46.7355, "fair_value": 45.064199, "relative_strength": 8.168726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.336113, "energy": 93.619055, "activity_lines": [ 54.735334, 52.867455, 50.206167, 48.592979 ] }, { "date": "2024-03-08", "close": 56.369999, "volume": 23323, "typical_volume": 9764.95, "trend": 47.169333, "fair_value": 45.163141, "relative_strength": 7.275981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.817778, "energy": 74.57543, "activity_lines": [ 55.481333, 53.811545, 50.989524, 49.214559 ] }, { "date": "2024-03-15", "close": 55.619999, "volume": 18024, "typical_volume": 10600.4, "trend": 47.6, "fair_value": 45.256571, "relative_strength": 4.128596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.538571, "energy": 68.735787, "activity_lines": [ 55.689333, 54.443454, 51.637857, 49.759763 ] }, { "date": "2024-03-22", "close": 57.93, "volume": 9167, "typical_volume": 10835.5, "trend": 48.085833, "fair_value": 45.364103, "relative_strength": 7.041661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.571667, "energy": 75.221505, "activity_lines": [ 56.530666, 55.331091, 52.444333, 50.426215 ] }, { "date": "2024-03-29", "close": 57.650002, "volume": 15593, "typical_volume": 11496.75, "trend": 48.520667, "fair_value": 45.45891, "relative_strength": 5.146402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.832501, "energy": 71.588244, "activity_lines": [ 57.034667, 55.991637, 53.159143, 51.043258 ] }, { "date": "2024-04-05", "close": 57.43, "volume": 9018, "typical_volume": 11058.55, "trend": 48.948333, "fair_value": 45.54641, "relative_strength": 6.87041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.510653, "energy": 68.570417, "activity_lines": [ 57.276667, 56.457818, 53.791952, 51.618054 ] }, { "date": "2024-04-12", "close": 58.0, "volume": 29735, "typical_volume": 11953.75, "trend": 49.388167, "fair_value": 45.632436, "relative_strength": 8.491441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.147013, "energy": 69.834541, "activity_lines": [ 57.61, 56.900364, 54.422143, 52.202032 ] }, { "date": "2024-04-19", "close": 55.310001, "volume": 12005, "typical_volume": 12391.9, "trend": 49.768167, "fair_value": 45.703814, "relative_strength": 2.873547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.804314, "energy": 62.868057, "activity_lines": [ 56.938001, 56.745637, 54.737619, 52.584086 ] }, { "date": "2024-04-26", "close": 56.380001, "volume": 17802, "typical_volume": 12910.6, "trend": 50.184333, "fair_value": 45.78266, "relative_strength": 3.77215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.442025, "energy": 53.717852, "activity_lines": [ 56.643334, 56.753819, 55.109476, 53.010656 ] }, { "date": "2024-05-03", "close": 56.130001, "volume": 11842, "typical_volume": 13098.95, "trend": 50.603333, "fair_value": 45.86484, "relative_strength": 5.061998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.350535, "energy": 45.644046, "activity_lines": [ 56.368667, 56.678182, 55.408667, 53.394248 ] }, { "date": "2024-05-10", "close": 57.310001, "volume": 30062, "typical_volume": 14155.9, "trend": 51.034167, "fair_value": 45.965256, "relative_strength": 3.976183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.753132, "energy": 42.823722, "activity_lines": [ 56.588668, 56.793273, 55.774477, 53.826936 ] }, { "date": "2024-05-17", "close": 57.669998, "volume": 32924, "typical_volume": 15717.0, "trend": 51.522667, "fair_value": 46.066154, "relative_strength": 2.355721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.801095, "energy": 48.569476, "activity_lines": [ 56.936667, 56.949091, 56.124453, 54.255054 ] }, { "date": "2024-05-24", "close": 58.759998, "volume": 15030, "typical_volume": 16034.4, "trend": 52.060333, "fair_value": 46.167083, "relative_strength": 6.889379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.996343, "energy": 61.949722, "activity_lines": [ 57.669999, 57.279454, 56.526, 54.721979 ] }, { "date": "2024-05-31", "close": 57.610001, "volume": 13045, "typical_volume": 16043.35, "trend": 52.504667, "fair_value": 46.258654, "relative_strength": 4.686831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.479195, "energy": 56.03809, "activity_lines": [ 57.79, 57.343636, 56.760048, 55.080022 ] }, { "date": "2024-06-07", "close": 59.450001, "volume": 14148, "typical_volume": 16240.55, "trend": 52.992, "fair_value": 46.360833, "relative_strength": 7.324173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.827796, "energy": 66.984881, "activity_lines": [ 58.441333, 57.748182, 57.124714, 55.528108 ] }, { "date": "2024-06-14", "close": 60.639999, "volume": 14137, "typical_volume": 16175.95, "trend": 53.497333, "fair_value": 46.47343, "relative_strength": 15.761801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.175512, "energy": 83.657133, "activity_lines": [ 59.268, 58.336364, 57.553714, 56.021527 ] }, { "date": "2024-06-21", "close": 60.93, "volume": 55849, "typical_volume": 18475.75, "trend": 54.004667, "fair_value": 46.579038, "relative_strength": 13.721066, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.02863, "energy": 84.529012, "activity_lines": [ 59.969333, 58.918909, 57.961714, 56.501054 ] }, { "date": "2024-06-28", "close": 61.439999, "volume": 47534, "typical_volume": 20035.55, "trend": 54.527667, "fair_value": 46.685417, "relative_strength": 14.792347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.166661, "energy": 87.663151, "activity_lines": [ 60.623333, 59.540909, 58.376, 56.980753 ] }, { "date": "2024-07-05", "close": 61.709999, "volume": 28200, "typical_volume": 20821.85, "trend": 55.047333, "fair_value": 46.794199, "relative_strength": 12.097978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.23002, "energy": 85.874085, "activity_lines": [ 61.188666, 60.100545, 58.778524, 57.444129 ] }, { "date": "2024-07-12", "close": 62.029999, "volume": 28550, "typical_volume": 21664.7, "trend": 55.564333, "fair_value": 46.906346, "relative_strength": 10.38035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.59776, "energy": 82.683875, "activity_lines": [ 61.587332, 60.621454, 59.176095, 57.894624 ] }, { "date": "2024-07-19", "close": 59.400002, "volume": 83936, "typical_volume": 25496.2, "trend": 55.984833, "fair_value": 46.994936, "relative_strength": 6.542456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.459901, "energy": 59.219265, "activity_lines": [ 60.937333, 60.556909, 59.288857, 58.142086 ] }, { "date": "2024-07-26", "close": 58.110001, "volume": 40961, "typical_volume": 26378.1, "trend": 56.365167, "fair_value": 47.07609, "relative_strength": 5.205726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.982774, "energy": 35.495331, "activity_lines": [ 59.94, 60.219818, 59.262333, 58.279194 ] }, { "date": "2024-08-02", "close": 54.799999, "volume": 52305, "typical_volume": 28092.15, "trend": 56.639, "fair_value": 47.127724, "relative_strength": 4.536825, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.317296, "energy": 17.799739, "activity_lines": [ 58.027333, 59.272909, 58.912286, 58.178215 ] }, { "date": "2024-08-09", "close": 56.169998, "volume": 73943, "typical_volume": 31330.95, "trend": 56.903333, "fair_value": 47.186058, "relative_strength": 7.65335, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -5.711327, "energy": 26.942689, "activity_lines": [ 57.013999, 58.64709, 58.696619, 58.147957 ] }, { "date": "2024-08-16", "close": 59.060001, "volume": 15090, "typical_volume": 31305.8, "trend": 57.233333, "fair_value": 47.270897, "relative_strength": 8.561967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.698669, "energy": 24.163357, "activity_lines": [ 57.333333, 58.572909, 58.764571, 58.287097 ] }, { "date": "2024-08-23", "close": 59.200001, "volume": 44235, "typical_volume": 33066.65, "trend": 57.525667, "fair_value": 47.348686, "relative_strength": 6.573168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.502816, "energy": 19.561977, "activity_lines": [ 57.897333, 58.531273, 58.839143, 58.413978 ] }, { "date": "2024-08-30", "close": 59.279999, "volume": 26771, "typical_volume": 32918.45, "trend": 57.766667, "fair_value": 47.427147, "relative_strength": 4.268777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.387149, "energy": 8.988499, "activity_lines": [ 58.501333, 58.530364, 58.912905, 58.527161 ] }, { "date": "2024-09-06", "close": 55.66, "volume": 42712, "typical_volume": 34453.8, "trend": 57.836333, "fair_value": 47.481891, "relative_strength": 0.975154, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.499212, "energy": 11.52824, "activity_lines": [ 57.820667, 57.901273, 58.635809, 58.391247 ] }, { "date": "2024-09-13", "close": 58.77, "volume": 45152, "typical_volume": 35821.3, "trend": 57.986333, "fair_value": 47.557468, "relative_strength": 5.4921, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.492828, "energy": 6.345739, "activity_lines": [ 58.119333, 57.942727, 58.653238, 58.451484 ] }, { "date": "2024-09-20", "close": 59.610001, "volume": 35840, "typical_volume": 37021.2, "trend": 58.146, "fair_value": 47.636474, "relative_strength": 6.103533, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.663521, "energy": 16.328273, "activity_lines": [ 58.524667, 58.190364, 58.739286, 58.556237 ] }, { "date": "2024-09-27", "close": 60.360001, "volume": 44114, "typical_volume": 37723.8, "trend": 58.293, "fair_value": 47.727853, "relative_strength": 4.231417, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.809317, "energy": 20.71558, "activity_lines": [ 59.143334, 58.618364, 58.880191, 58.699075 ] }, { "date": "2024-10-04", "close": 60.759998, "volume": 56747, "typical_volume": 38914.95, "trend": 58.439333, "fair_value": 47.815769, "relative_strength": 8.158465, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.358252, "energy": 35.908181, "activity_lines": [ 59.818, 59.101636, 59.044667, 58.858236 ] }, { "date": "2024-10-11", "close": 61.970001, "volume": 36666, "typical_volume": 39996.75, "trend": 58.651, "fair_value": 47.904968, "relative_strength": 7.726218, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.235619, "energy": 56.147296, "activity_lines": [ 60.797333, 59.756727, 59.309667, 59.086021 ] }, { "date": "2024-10-18", "close": 63.119999, "volume": 26787, "typical_volume": 40683.85, "trend": 58.824, "fair_value": 47.998109, "relative_strength": 6.662747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.076694, "energy": 69.811927, "activity_lines": [ 61.739333, 60.490545, 59.668905, 59.374344 ] }, { "date": "2024-10-25", "close": 62.689999, "volume": 54353, "typical_volume": 42694.1, "trend": 58.992, "fair_value": 48.081538, "relative_strength": 6.945785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.297253, "energy": 71.788118, "activity_lines": [ 62.247999, 61.019818, 59.960952, 59.623763 ] }, { "date": "2024-11-01", "close": 61.57, "volume": 35616, "typical_volume": 43768.05, "trend": 59.13, "fair_value": 48.151987, "relative_strength": 5.060697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.753304, "energy": 69.272483, "activity_lines": [ 62.178, 61.279454, 60.130905, 59.790086 ] }, { "date": "2024-11-08", "close": 64.260002, "volume": 72906, "typical_volume": 44620.9, "trend": 59.338667, "fair_value": 48.240705, "relative_strength": 12.018699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.430745, "energy": 78.522759, "activity_lines": [ 62.924, 61.985091, 60.552619, 60.121054 ] }, { "date": "2024-11-15", "close": 63.889999, "volume": 73797, "typical_volume": 45934.05, "trend": 59.624667, "fair_value": 48.324038, "relative_strength": 9.745675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.341936, "energy": 76.55176, "activity_lines": [ 63.313333, 62.532909, 60.923238, 60.414688 ] }, { "date": "2024-11-22", "close": 65.730003, "volume": 21925, "typical_volume": 45620.3, "trend": 59.936333, "fair_value": 48.429006, "relative_strength": 14.725396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.425298, "energy": 81.673359, "activity_lines": [ 64.188001, 63.265637, 61.457429, 60.808581 ] }, { "date": "2024-11-29", "close": 65.629997, "volume": 20003, "typical_volume": 45192.95, "trend": 60.253, "fair_value": 48.53984, "relative_strength": 14.265729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.864734, "energy": 83.683569, "activity_lines": [ 64.855333, 63.853636, 61.962952, 61.175914 ] }, { "date": "2024-12-06", "close": 66.400002, "volume": 72642, "typical_volume": 44628.25, "trend": 60.556, "fair_value": 48.647724, "relative_strength": 10.677342, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.614358, "energy": 89.745153, "activity_lines": [ 65.583334, 64.472182, 62.524667, 61.572495 ] }, { "date": "2024-12-13", "close": 65.93, "volume": 75326, "typical_volume": 46346.5, "trend": 60.831333, "fair_value": 48.7575, "relative_strength": 9.021196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.505472, "energy": 87.273554, "activity_lines": [ 65.832667, 64.895455, 63.008286, 61.919204 ] }, { "date": "2024-12-20", "close": 65.199997, "volume": 101699, "typical_volume": 48816.2, "trend": 61.046, "fair_value": 48.856538, "relative_strength": 10.920367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.396942, "energy": 77.74129, "activity_lines": [ 65.727333, 65.092, 63.385143, 62.201054 ] }, { "date": "2024-12-27", "close": 65.510002, "volume": 11085, "typical_volume": 45673.3, "trend": 61.309333, "fair_value": 48.953846, "relative_strength": 9.699726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.966442, "energy": 62.671287, "activity_lines": [ 65.638, 65.286182, 63.742, 62.489054 ] }, { "date": "2025-01-03", "close": 66.089996, "volume": 32377, "typical_volume": 46537.65, "trend": 61.530666, "fair_value": 49.06782, "relative_strength": 10.28516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.319296, "energy": 56.04403, "activity_lines": [ 65.756665, 65.542363, 64.109619, 62.797484 ] }, { "date": "2025-01-10", "close": 65.360001, "volume": 54718, "typical_volume": 47061.8, "trend": 61.688, "fair_value": 49.183269, "relative_strength": 5.753204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.015273, "energy": 44.78855, "activity_lines": [ 65.601333, 65.604, 64.374238, 63.044537 ] }, { "date": "2025-01-17", "close": 67.190002, "volume": 211581, "typical_volume": 56302.3, "trend": 61.896667, "fair_value": 49.319167, "relative_strength": 4.920407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.570986, "energy": 56.091407, "activity_lines": [ 66.125334, 65.929454, 64.78381, 63.399505 ] }, { "date": "2025-01-24", "close": 67.75, "volume": 174601, "typical_volume": 62896.75, "trend": 62.107, "fair_value": 49.465256, "relative_strength": 5.747124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.759185, "energy": 59.527506, "activity_lines": [ 66.752, 66.303455, 65.209048, 63.77714 ] }, { "date": "2025-01-31", "close": 68.690002, "volume": 133496, "typical_volume": 67313.95, "trend": 62.339667, "fair_value": 49.613173, "relative_strength": 6.199673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.204224, "energy": 64.450866, "activity_lines": [ 67.522001, 66.778182, 65.666238, 64.20185 ] }, { "date": "2025-02-07", "close": 69.75, "volume": 106598, "typical_volume": 70851.85, "trend": 62.597, "fair_value": 49.763974, "relative_strength": 5.951847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.289608, "energy": 87.542712, "activity_lines": [ 68.433334, 67.391819, 66.177143, 64.679936 ] }, { "date": "2025-02-14", "close": 69.809998, "volume": 101141, "typical_volume": 73703.2, "trend": 62.944, "fair_value": 49.924647, "relative_strength": 3.325494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.713689, "energy": 87.739805, "activity_lines": [ 69.120667, 67.941454, 66.645476, 65.14529 ] }, { "date": "2025-02-21", "close": 69.150002, "volume": 102758, "typical_volume": 76003.75, "trend": 63.312, "fair_value": 50.079391, "relative_strength": 1.033774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.119884, "energy": 82.924334, "activity_lines": [ 69.291334, 68.309091, 67.005953, 65.545678 ] }, { "date": "2025-02-28", "close": 67.370003, "volume": 69190, "typical_volume": 77629.95, "trend": 63.731, "fair_value": 50.222917, "relative_strength": -2.209271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.295947, "energy": 56.335069, "activity_lines": [ 68.738001, 68.294546, 67.156953, 65.807484 ] }, { "date": "2025-03-07", "close": 62.040001, "volume": 122777, "typical_volume": 82429.45, "trend": 63.926667, "fair_value": 50.334615, "relative_strength": -9.72344, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 7.337171, "energy": 10.856545, "activity_lines": [ 66.433335, 67.271456, 66.77462, 65.698387 ] }, { "date": "2025-03-14", "close": 61.549999, "volume": 75099, "typical_volume": 83466.75, "trend": 64.009667, "fair_value": 50.429199, "relative_strength": -10.535201, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -18.596986, "energy": 31.623097, "activity_lines": [ 64.408667, 66.222364, 66.350762, 65.545054 ] }, { "date": "2025-03-21", "close": 62.599998, "volume": 39242, "typical_volume": 83648.05, "trend": 64.123, "fair_value": 50.521891, "relative_strength": -9.816103, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.383539, "energy": 44.115559, "activity_lines": [ 63.280666, 65.446727, 66.032334, 65.454108 ] }, { "date": "2025-03-28", "close": 61.560001, "volume": 22538, "typical_volume": 81129.65, "trend": 64.199, "fair_value": 50.607404, "relative_strength": -10.566832, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.749735, "energy": 48.838024, "activity_lines": [ 62.286667, 64.532182, 65.609953, 65.288753 ] }, { "date": "2025-04-04", "close": 55.880001, "volume": 83816, "typical_volume": 81630.6, "trend": 64.206333, "fair_value": 50.659038, "relative_strength": -9.161353, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -65.056134, "energy": 81.663604, "activity_lines": [ 59.905333, 62.687273, 64.659477, 64.752043 ] }, { "date": "2025-04-11", "close": 55.709999, "volume": 59385, "typical_volume": 83503.6, "trend": 64.104333, "fair_value": 50.714199, "relative_strength": -7.704373, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.001147, "energy": 78.857938, "activity_lines": [ 58.233333, 61.027273, 63.730953, 64.203893 ] }, { "date": "2025-04-18", "close": 57.049999, "volume": 32147, "typical_volume": 84110.8, "trend": 64.019, "fair_value": 50.784776, "relative_strength": -10.568535, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.218829, "energy": 83.249487, "activity_lines": [ 57.43, 59.846909, 62.977762, 63.748774 ] }, { "date": "2025-04-25", "close": 59.52, "volume": 19189, "typical_volume": 81438.15, "trend": 63.991, "fair_value": 50.873173, "relative_strength": -10.062941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.069831, "energy": 67.173428, "activity_lines": [ 57.75, 59.346545, 62.500667, 63.458516 ] }, { "date": "2025-05-02", "close": 62.09, "volume": 14921, "typical_volume": 78417.9, "trend": 64.035333, "fair_value": 50.986346, "relative_strength": -8.529671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.68224, "energy": 47.083147, "activity_lines": [ 59.132, 59.500545, 62.301095, 63.335871 ] }, { "date": "2025-05-09", "close": 62.450001, "volume": 92628, "typical_volume": 77964.35, "trend": 64.051333, "fair_value": 51.107404, "relative_strength": -10.368691, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.876692, "energy": 27.022326, "activity_lines": [ 60.598667, 59.848364, 62.154095, 63.233592 ] }, { "date": "2025-05-16", "close": 65.599998, "volume": 71148, "typical_volume": 80967.5, "trend": 64.134, "fair_value": 51.260577, "relative_strength": -8.810354, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.094026, "energy": 21.684674, "activity_lines": [ 62.677333, 60.858363, 62.32019, 63.333505 ] }, { "date": "2025-05-23", "close": 63.73, "volume": 30781, "typical_volume": 80887.7, "trend": 64.168667, "fair_value": 51.387404, "relative_strength": -8.670868, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.903238, "energy": 25.59222, "activity_lines": [ 63.473333, 61.463636, 62.307762, 63.307441 ] }, { "date": "2025-05-30", "close": 64.860001, "volume": 21815, "typical_volume": 79242.55, "trend": 64.278333, "fair_value": 51.522436, "relative_strength": -8.418462, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.774126, "energy": 23.020752, "activity_lines": [ 64.200667, 62.234727, 62.414191, 63.352043 ] }, { "date": "2025-06-06", "close": 65.540001, "volume": 22800, "typical_volume": 69803.5, "trend": 64.321, "fair_value": 51.66641, "relative_strength": -8.531531, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.802115, "energy": 30.685278, "activity_lines": [ 64.798667, 63.088364, 62.587762, 63.433441 ] }, { "date": "2025-06-13", "close": 64.169998, "volume": 13898, "typical_volume": 61768.35, "trend": 64.330333, "fair_value": 51.818814, "relative_strength": -7.57163, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.08011, "energy": 23.514574, "activity_lines": [ 64.71, 63.620545, 62.638714, 63.423699 ] }, { "date": "2025-06-20", "close": 64.139999, "volume": 12449, "typical_volume": 55716.0, "trend": 64.277333, "fair_value": 51.963013, "relative_strength": -6.92746, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.491738, "energy": 21.87778, "activity_lines": [ 64.496666, 63.996545, 62.703857, 63.411419 ] }, { "date": "2025-06-27", "close": 64.940002, "volume": 30047, "typical_volume": 51888.45, "trend": 64.254333, "fair_value": 52.112051, "relative_strength": -6.754544, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.958762, "energy": 22.153372, "activity_lines": [ 64.647334, 64.364727, 62.866857, 63.454172 ] }, { "date": "2025-07-04", "close": 64.370003, "volume": 18707, "typical_volume": 47766.75, "trend": 64.186667, "fair_value": 52.248622, "relative_strength": -7.0983, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.300055, "energy": 15.024995, "activity_lines": [ 64.527334, 64.485819, 62.998476, 63.461635 ] }, { "date": "2025-07-11", "close": 64.440002, "volume": 12438, "typical_volume": 43250.75, "trend": 64.137, "fair_value": 52.38718, "relative_strength": -7.867096, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.052091, "energy": 14.100589, "activity_lines": [ 64.463335, 64.531455, 63.162667, 63.477979 ] }, { "date": "2025-07-18", "close": 65.330002, "volume": 17844, "typical_volume": 40683.45, "trend": 64.141334, "fair_value": 52.529583, "relative_strength": -7.018553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.034644, "energy": 26.881017, "activity_lines": [ 64.769335, 64.696183, 63.434048, 63.554947 ] }, { "date": "2025-07-25", "close": 65.309998, "volume": 12631, "typical_volume": 35176.15, "trend": 64.134667, "fair_value": 52.663077, "relative_strength": -7.875067, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.157707, "energy": 36.020354, "activity_lines": [ 64.991334, 64.80491, 63.713238, 63.630344 ] }, { "date": "2025-08-01", "close": 65.32, "volume": 36341, "typical_volume": 33238.25, "trend": 64.109, "fair_value": 52.800962, "relative_strength": -5.975659, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 32.519785, "energy": 40.956215, "activity_lines": [ 65.138667, 64.920728, 63.97781, 63.706818 ] }, { "date": "2025-08-08", "close": 66.510002, "volume": 31146, "typical_volume": 32833.45, "trend": 64.147334, "fair_value": 52.941282, "relative_strength": -7.956627, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 45.086757, "energy": 55.611957, "activity_lines": [ 65.657334, 65.224001, 64.337762, 63.861721 ] }, { "date": "2025-08-15", "close": 67.0, "volume": 17089, "typical_volume": 32561.0, "trend": 64.141, "fair_value": 53.077308, "relative_strength": -9.299812, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 49.994693, "energy": 68.342041, "activity_lines": [ 66.196667, 65.586364, 64.725762, 64.045764 ] }, { "date": "2025-08-22", "close": 66.790001, "volume": 47290, "typical_volume": 30734.7, "trend": 64.109, "fair_value": 53.211474, "relative_strength": -10.738355, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.068152, "energy": 80.541472, "activity_lines": [ 66.495334, 65.884001, 65.067858, 64.216667 ] }, { "date": "2025-08-29", "close": 65.959999, "volume": 25602, "typical_volume": 29045.55, "trend": 64.018, "fair_value": 53.349038, "relative_strength": -9.357464, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.076317, "energy": 77.662869, "activity_lines": [ 66.42, 65.983091, 65.278953, 64.336086 ] }, { "date": "2025-09-05", "close": 65.790001, "volume": 30092, "typical_volume": 28942.8, "trend": 63.886, "fair_value": 53.484712, "relative_strength": -8.220562, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.041441, "energy": 62.794847, "activity_lines": [ 66.244667, 66.018182, 65.425048, 64.450409 ] }, { "date": "2025-09-12", "close": 68.300003, "volume": 15525, "typical_volume": 28759.6, "trend": 63.835667, "fair_value": 53.634583, "relative_strength": -6.711183, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.156007, "energy": 64.277459, "activity_lines": [ 66.874668, 66.494183, 65.768572, 64.735183 ] }, { "date": "2025-09-19", "close": 68.199997, "volume": 18261, "typical_volume": 28926.6, "trend": 63.804, "fair_value": 53.796923, "relative_strength": -6.127204, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.585091, "energy": 59.440577, "activity_lines": [ 67.352, 66.880546, 66.060762, 65.016753 ] }, { "date": "2025-09-26", "close": 68.410004, "volume": 15113, "typical_volume": 25050.85, "trend": 63.838667, "fair_value": 53.963333, "relative_strength": -6.435197, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.577043, "energy": 69.352546, "activity_lines": [ 67.819335, 67.236728, 66.343858, 65.313915 ] }, { "date": "2025-10-03", "close": 68.980003, "volume": 19466, "typical_volume": 22466.75, "trend": 64.07, "fair_value": 54.127083, "relative_strength": -6.766524, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.654537, "energy": 86.136043, "activity_lines": [ 68.368669, 67.640547, 66.652858, 65.645614 ] }, { "date": "2025-10-10", "close": 68.879997, "volume": 26512, "typical_volume": 22253.3, "trend": 64.314334, "fair_value": 54.290833, "relative_strength": -4.041205, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.991607, "energy": 78.783168, "activity_lines": [ 68.683334, 67.959455, 66.936239, 65.955936 ] }, { "date": "2025-10-17", "close": 68.0, "volume": 25152, "typical_volume": 22420.15, "trend": 64.494334, "fair_value": 54.44516, "relative_strength": -4.432109, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.409829, "energy": 55.968108, "activity_lines": [ 68.498667, 68.053637, 67.111286, 66.193721 ] }, { "date": "2025-10-24", "close": 68.769997, "volume": 18163, "typical_volume": 22188.3, "trend": 64.734667, "fair_value": 54.595513, "relative_strength": -4.810542, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.221672, "energy": 53.365732, "activity_lines": [ 68.590666, 68.260727, 67.344715, 66.46957 ] }, { "date": "2025-10-31", "close": 70.129997, "volume": 28037, "typical_volume": 22895.25, "trend": 65.209667, "fair_value": 54.754872, "relative_strength": -4.311233, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.019657, "energy": 60.112532, "activity_lines": [ 69.097998, 68.682908, 67.692286, 66.817656 ] }, { "date": "2025-11-07", "close": 67.889999, "volume": 37149, "typical_volume": 24130.25, "trend": 65.615667, "fair_value": 54.904199, "relative_strength": -6.475571, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.589898, "energy": 43.22517, "activity_lines": [ 68.743998, 68.63709, 67.798143, 66.990581 ] }, { "date": "2025-11-14", "close": 68.809998, "volume": 26420, "typical_volume": 23948.9, "trend": 66.007667, "fair_value": 55.056923, "relative_strength": -7.207415, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.77235, "energy": 40.56664, "activity_lines": [ 68.769331, 68.723453, 67.973761, 67.196667 ] }, { "date": "2025-11-21", "close": 66.660004, "volume": 49109, "typical_volume": 25469.0, "trend": 66.245667, "fair_value": 55.190673, "relative_strength": -6.873118, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.961058, "energy": 20.032014, "activity_lines": [ 68.082667, 68.364, 67.92619, 67.238753 ] }, { "date": "2025-11-28", "close": 69.470001, "volume": 30651, "typical_volume": 26379.65, "trend": 66.491667, "fair_value": 55.34468, "relative_strength": -4.105488, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.647956, "energy": 23.068807, "activity_lines": [ 68.422001, 68.545273, 68.135333, 67.446774 ] }, { "date": "2025-12-05", "close": 69.669998, "volume": 20213, "typical_volume": 26498.1, "trend": 66.732333, "fair_value": 55.506635, "relative_strength": -3.657604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.775514, "energy": 31.276029, "activity_lines": [ 68.781333, 68.739818, 68.339571, 67.651828 ] }, { "date": "2025-12-12", "close": 68.860001, "volume": 24745, "typical_volume": 27103.8, "trend": 66.841, "fair_value": 55.671987, "relative_strength": -4.616481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.474896, "energy": 26.838371, "activity_lines": [ 68.901334, 68.764182, 68.446, 67.789097 ] }, { "date": "2025-12-19", "close": 69.599998, "volume": 23512, "typical_volume": 26462.35, "trend": 67.036667, "fair_value": 55.837596, "relative_strength": -5.860835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.0313, "energy": 37.25501, "activity_lines": [ 69.203333, 68.925272, 68.606, 67.967097 ] }, { "date": "2025-12-26", "close": 70.160004, "volume": 7937, "typical_volume": 25301.9, "trend": 67.213334, "fair_value": 56.010064, "relative_strength": -4.398347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.939121, "energy": 47.699719, "activity_lines": [ 69.639334, 69.175091, 68.798952, 68.168602 ] }, { "date": "2026-01-02", "close": 70.110001, "volume": 13284, "typical_volume": 25111.65, "trend": 67.365667, "fair_value": 56.178365, "relative_strength": -5.649746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.477642, "energy": 46.315501, "activity_lines": [ 69.825334, 69.376546, 68.969762, 68.355484 ] }, { "date": "2026-01-09", "close": 72.18, "volume": 23591, "typical_volume": 23926.7, "trend": 67.632667, "fair_value": 56.362853, "relative_strength": -3.274634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.242369, "energy": 65.045793, "activity_lines": [ 70.658668, 69.930001, 69.322905, 68.666086 ] }, { "date": "2026-01-16", "close": 73.419998, "volume": 27311, "typical_volume": 24012.15, "trend": 67.942, "fair_value": 56.557885, "relative_strength": -1.497363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.644216, "energy": 78.461772, "activity_lines": [ 71.738, 70.671637, 69.768476, 69.039462 ] }, { "date": "2026-01-23", "close": 71.629997, "volume": 31835, "typical_volume": 24099.3, "trend": 68.165, "fair_value": 56.739231, "relative_strength": -1.505282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.036356, "energy": 68.384838, "activity_lines": [ 71.916666, 70.987272, 70.008047, 69.277398 ] }, { "date": "2026-01-30", "close": 71.339996, "volume": 38435, "typical_volume": 25244.8, "trend": 68.397333, "fair_value": 56.923654, "relative_strength": -3.037872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.088814, "energy": 63.546721, "activity_lines": [ 71.863331, 71.198908, 70.19219, 69.482236 ] }, { "date": "2026-02-06", "close": 70.809998, "volume": 31220, "typical_volume": 25892.75, "trend": 68.609666, "fair_value": 57.097276, "relative_strength": -4.105839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.940098, "energy": 40.488933, "activity_lines": [ 71.554664, 71.229089, 70.31138, 69.637892 ] }, { "date": "2026-02-13", "close": 70.699997, "volume": 35123, "typical_volume": 26893.25, "trend": 68.788666, "fair_value": 57.272788, "relative_strength": -2.988049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.868316, "energy": 24.357335, "activity_lines": [ 71.162664, 71.214907, 70.407666, 69.772752 ] }, { "date": "2026-02-20", "close": 72.540001, "volume": 25618, "typical_volume": 27200.85, "trend": 69.029666, "fair_value": 57.461154, "relative_strength": -2.415569, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.608565, "energy": 29.417615, "activity_lines": [ 71.482665, 71.516544, 70.668285, 70.014774 ] }, { "date": "2026-02-27", "close": 72.059998, "volume": 33414, "typical_volume": 27545.95, "trend": 69.254333, "fair_value": 57.644904, "relative_strength": -4.325602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.423771, "energy": 31.565806, "activity_lines": [ 71.701332, 71.663998, 70.866237, 70.210279 ] }, { "date": "2026-03-06", "close": 70.129997, "volume": 26963, "typical_volume": 27636.5, "trend": 69.375, "fair_value": 57.822147, "relative_strength": -0.416062, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.641459, "energy": 20.609512, "activity_lines": [ 71.247998, 71.415816, 70.865237, 70.266773 ] }, { "date": "2026-03-13", "close": 69.690002, "volume": 41778, "typical_volume": 28817.25, "trend": 69.464666, "fair_value": 58.007276, "relative_strength": -1.385804, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.151273, "energy": 12.698592, "activity_lines": [ 70.728666, 71.08818, 70.81219, 70.287096 ] }, { "date": "2026-03-20", "close": 68.080002, "volume": 31650, "typical_volume": 28997.9, "trend": 69.507666, "fair_value": 58.180962, "relative_strength": -0.32751, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.682477, "energy": 12.892793, "activity_lines": [ 69.747334, 70.475454, 70.601428, 70.197763 ] }, { "date": "2026-03-27", "close": 67.050003, "volume": 35329, "typical_volume": 28906.9, "trend": 69.544, "fair_value": 58.340481, "relative_strength": -3.002149, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.457103, "energy": 30.673847, "activity_lines": [ 68.597335, 69.75, 70.302333, 70.039204 ] }, { "date": "2026-04-03", "close": 69.68, "volume": 23209, "typical_volume": 28746.35, "trend": 69.673666, "fair_value": 58.512756, "relative_strength": -4.060706, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.054328, "energy": 23.894205, "activity_lines": [ 68.690001, 69.618546, 70.257714, 70.047978 ] }, { "date": "2026-04-10", "close": 74.129997, "volume": 28046, "typical_volume": 27693.2, "trend": 69.867999, "fair_value": 58.712051, "relative_strength": -2.092323, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.872718, "energy": 18.837497, "activity_lines": [ 70.424667, 70.331636, 70.632761, 70.335483 ] }, { "date": "2026-04-17", "close": 76.080002, "volume": 21515, "typical_volume": 27236.4, "trend": 70.130666, "fair_value": 58.924583, "relative_strength": -2.07353, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.203816, "energy": 48.565116, "activity_lines": [ 72.542667, 71.348546, 71.157952, 70.736258 ] }, { "date": "2026-04-24", "close": 76.889999, "volume": 19716, "typical_volume": 27211.55, "trend": 70.413333, "fair_value": 59.143782, "relative_strength": 1.463867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.344882, "energy": 69.963013, "activity_lines": [ 74.504666, 72.416909, 71.728809, 71.172344 ] }, { "date": "2026-05-01", "close": 77.379997, "volume": 29117, "typical_volume": 27430.15, "trend": 70.693333, "fair_value": 59.36891, "relative_strength": 0.881403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.489427, "energy": 79.674478, "activity_lines": [ 76.042665, 73.461818, 72.311952, 71.621806 ] }, { "date": "2026-05-08", "close": 80.580002, "volume": 42664, "typical_volume": 28387.75, "trend": 71.083333, "fair_value": 59.61125, "relative_strength": 2.767795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.940679, "energy": 89.642758, "activity_lines": [ 77.958666, 75.000545, 73.159285, 72.259655 ] }, { "date": "2026-05-15", "close": 81.900002, "volume": 74611, "typical_volume": 31721.45, "trend": 71.546666, "fair_value": 59.860321, "relative_strength": 4.752981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.345074, "energy": 92.842479, "activity_lines": [ 79.588001, 76.624364, 74.080047, 72.957505 ] }, { "date": "2026-05-22", "close": 83.309998, "volume": 78022, "typical_volume": 34958.35, "trend": 72.031333, "fair_value": 60.122051, "relative_strength": 5.619262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.1381, "energy": 92.949025, "activity_lines": [ 81.169333, 78.290545, 75.07919, 73.71643 ] }, { "date": "2026-05-29", "close": 83.93, "volume": 65697, "typical_volume": 37063.65, "trend": 72.491333, "fair_value": 60.385032, "relative_strength": 5.211326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.916154, "energy": 91.451587, "activity_lines": [ 82.475333, 79.821818, 76.074524, 74.484086 ] }, { "date": "2026-06-05", "close": 84.580002, "volume": 16422, "typical_volume": 36519.2, "trend": 73.047666, "fair_value": 60.653141, "relative_strength": 6.228334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.387684, "energy": 89.704399, "activity_lines": [ 83.528667, 81.183091, 77.07581, 75.264 ] }, { "date": "2026-06-12", "close": 86.82, "volume": 11291, "typical_volume": 35492.0, "trend": 73.648, "fair_value": 60.928974, "relative_strength": 5.570419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.340027, "energy": 92.112056, "activity_lines": [ 84.848667, 82.632909, 78.237286, 76.152537 ] }, { "date": "2026-06-19", "close": 90.410004, "volume": 4670, "typical_volume": 33803.75, "trend": 74.439667, "fair_value": 61.233654, "relative_strength": 7.02566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.770896, "energy": 95.555834, "activity_lines": [ 86.949335, 84.423819, 79.668334, 77.233957 ] }, { "date": "2026-06-26", "close": 88.959999, "volume": 8359, "typical_volume": 32660.7, "trend": 75.089333, "fair_value": 61.523494, "relative_strength": 8.430949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.633643, "energy": 90.742327, "activity_lines": [ 87.999334, 85.655092, 80.870477, 78.170753 ] }, { "date": "2026-07-03", "close": 88.129997, "volume": 2753, "typical_volume": 31042.2, "trend": 75.704666, "fair_value": 61.814423, "relative_strength": 4.203872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.312898, "energy": 87.205773, "activity_lines": [ 88.396, 86.501273, 81.907143, 79.012086 ] }, { "date": "2026-07-10", "close": 86.830002, "volume": 37803, "typical_volume": 31651.45, "trend": 76.303666, "fair_value": 62.092853, "relative_strength": 3.014266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.637097, "energy": 75.295705, "activity_lines": [ 88.079334, 86.906728, 82.737, 79.729849 ] }, { "date": "2026-07-17", "close": 82.669998, "volume": 44168, "typical_volume": 32189.15, "trend": 76.739333, "fair_value": 62.343558, "relative_strength": -0.504864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.49124, "energy": 53.843029, "activity_lines": [ 86.225999, 86.384, 83.102619, 80.140581 ] }, { "date": "2026-07-24", "close": 85.18, "volume": 29440, "typical_volume": 32313.0, "trend": 77.24, "fair_value": 62.605449, "relative_strength": 2.62415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.452385, "energy": 40.661725, "activity_lines": [ 85.485999, 86.279636, 83.656762, 80.68514 ] }, { "date": "2026-07-31", "close": 82.540001, "volume": 28292, "typical_volume": 31638.7, "trend": 77.654333, "fair_value": 62.855481, "relative_strength": -1.200451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.486522, "energy": 27.380288, "activity_lines": [ 84.214667, 85.635636, 83.88781, 81.027075 ] }, { "date": "2026-08-07", "close": 84.209999, "volume": 58983, "typical_volume": 33005.35, "trend": 78.055333, "fair_value": 63.117372, "relative_strength": -2.063215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.499619, "energy": 26.579451, "activity_lines": [ 83.928, 85.309273, 84.216714, 81.450021 ] } ], "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." } } }