{ "ticker": { "uuid": "e15925c6-8fed-4518-a83b-67b7f0aac4f8", "symbol": "VNLA", "name": "JANUS DETROIT STREET TRUST HENDERSON SHORT DURATION INCOME ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.349, "architecture_energy": 81.85, "architecture_maturity": 34.468, "architecture_confidence": 71.37, "architecture_tenure": "Established", "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": 22.24, "rotation_up": 72.29, "upward_expansion": 91.13, "deceleration": 45.34, "rotation_down": 14.45, "downward_expansion": 17.8 }, "activity_lines": [ 48.812398, 48.775457, 48.728104, 48.677542 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 48.89, "trend_reference": 48.605611, "distance_from_trend": 0.005851, "trend_direction": "Improving", "fair_value": 45.777809, "distance_from_fair_value": 0.067985, "fair_value_direction": "Weakening", "relative_strength": -9.81853, "relative_strength_direction": "Weakening", "price_momentum": 0.008665, "excess_performance": -0.11696, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005851, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0048, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.067985, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007399, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098185, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000248, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.008665, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.272203, "read": "Demand-led" } ], "volume": { "latest": 2361921, "relative_activity": 1.228983, "balance": 3.272203, "dry_up": 1.026836, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.001675, "annualized_volatility": 0.010255, "from_high_reference": 0.0, "from_low_reference": 0.035556 }, "levels": { "trend_reference": 48.605611, "fair_value_reference": 45.777809, "structural_low": 48.368362, "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": 51, "median_return": 0.004102, "positive_rate": 0.921569, "directional_follow_through": 0.921569, "median_excess_return": -0.015539, "regime_survival": 0.980392, "best_return": 0.008911, "worst_return": -0.003715, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.01394, "positive_rate": 0.933333, "directional_follow_through": 0.933333, "median_excess_return": -0.049522, "regime_survival": 0.933333, "best_return": 0.022616, "worst_return": -0.000176, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.026286, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.073418, "regime_survival": 0.875, "best_return": 0.038553, "worst_return": -0.003575, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.055674, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.091375, "regime_survival": 0.75, "best_return": 0.066366, "worst_return": -0.012759, "sufficient": false } ], "ledger": [ { "regime": "unresolved", "label": "Unresolved", "color": "grey", "start": "2021-07-09", "end": "2021-07-30", "tenure": "New", "return": 0.000798, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2021-08-06", "end": "2021-10-22", "tenure": "Developing", "return": -0.000544, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2021-10-29", "end": "2021-11-05", "tenure": "New", "return": 0.000368, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2021-11-12", "end": "2021-11-19", "tenure": "New", "return": -0.000801, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2021-11-26", "end": "2021-12-03", "tenure": "New", "return": -0.001431, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-12-10", "end": "2022-08-05", "tenure": "Extended", "return": -0.010182, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-08-12", "end": "2022-08-26", "tenure": "New", "return": 0.000205, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-09-02", "end": "2022-09-23", "tenure": "New", "return": -0.000822, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-09-30", "end": "2022-10-21", "tenure": "New", "return": -0.000496, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-10-28", "end": "2022-11-04", "tenure": "New", "return": -0.000313, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-11-11", "end": "2022-11-25", "tenure": "New", "return": 0.003302, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-12-02", "end": "2026-03-27", "tenure": "Extended", "return": 0.199199, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.001431, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": 0.00381, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 41.828973, "volume": 2066790, "typical_volume": 1804952.3, "trend": 41.26029, "fair_value": 40.580529, "relative_strength": -5.598158, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.390688, "energy": 92.912366, "activity_lines": [ 41.783566, 41.694899, 41.543902, 41.422979 ] }, { "date": "2023-08-25", "close": 41.837706, "volume": 1729803, "typical_volume": 1849134.25, "trend": 41.295651, "fair_value": 40.589382, "relative_strength": -6.221229, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.914775, "energy": 90.962685, "activity_lines": [ 41.811507, 41.735606, 41.583754, 41.460231 ] }, { "date": "2023-09-01", "close": 41.910017, "volume": 2281236, "typical_volume": 1909827.2, "trend": 41.331701, "fair_value": 40.598698, "relative_strength": -8.199017, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.29936, "energy": 92.446421, "activity_lines": [ 41.851913, 41.78118, 41.626818, 41.499868 ] }, { "date": "2023-09-08", "close": 41.962591, "volume": 1235043, "typical_volume": 1912092.0, "trend": 41.366075, "fair_value": 40.608093, "relative_strength": -6.801538, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.654466, "energy": 92.40973, "activity_lines": [ 41.895124, 41.827663, 41.671034, 41.54057 ] }, { "date": "2023-09-15", "close": 41.971353, "volume": 2418586, "typical_volume": 1962230.35, "trend": 41.40017, "fair_value": 40.61739, "relative_strength": -6.463638, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.930352, "energy": 87.839224, "activity_lines": [ 41.929438, 41.866292, 41.712389, 41.579621 ] }, { "date": "2023-09-22", "close": 41.988878, "volume": 1945254, "typical_volume": 1990642.55, "trend": 41.435134, "fair_value": 40.626902, "relative_strength": -3.364494, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.141364, "energy": 86.931202, "activity_lines": [ 41.958354, 41.899664, 41.752006, 41.617602 ] }, { "date": "2023-09-29", "close": 42.032689, "volume": 1521369, "typical_volume": 2004696.85, "trend": 41.469111, "fair_value": 40.636784, "relative_strength": -2.309094, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.000393, "energy": 74.928353, "activity_lines": [ 41.991214, 41.933972, 41.792044, 41.656154 ] }, { "date": "2023-10-06", "close": 42.051364, "volume": 2452690, "typical_volume": 2018100.45, "trend": 41.501132, "fair_value": 40.64658, "relative_strength": -2.468469, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.958468, "energy": 72.423668, "activity_lines": [ 42.0173, 41.964956, 41.830189, 41.693718 ] }, { "date": "2023-10-13", "close": 42.139301, "volume": 2449926, "typical_volume": 2052510.95, "trend": 41.542672, "fair_value": 40.656734, "relative_strength": -2.40818, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.047461, "energy": 76.094034, "activity_lines": [ 42.063276, 42.005344, 41.872908, 41.734891 ] }, { "date": "2023-10-20", "close": 42.148095, "volume": 2139067, "typical_volume": 2114666.65, "trend": 41.58164, "fair_value": 40.667098, "relative_strength": 0.165992, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.778091, "energy": 73.900944, "activity_lines": [ 42.100402, 42.040895, 41.912162, 41.77395 ] }, { "date": "2023-10-27", "close": 42.192063, "volume": 2033900, "typical_volume": 2112328.8, "trend": 41.620643, "fair_value": 40.677796, "relative_strength": 2.873595, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.636653, "energy": 74.216915, "activity_lines": [ 42.140401, 42.078162, 41.951709, 41.813332 ] }, { "date": "2023-11-03", "close": 42.293446, "volume": 2493864, "typical_volume": 2153473.5, "trend": 41.661557, "fair_value": 40.688879, "relative_strength": -2.372054, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.69139, "energy": 76.295534, "activity_lines": [ 42.200649, 42.12726, 41.996931, 41.856739 ] }, { "date": "2023-11-10", "close": 42.284621, "volume": 3199206, "typical_volume": 2232824.15, "trend": 41.701028, "fair_value": 40.700112, "relative_strength": -3.584604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.335507, "energy": 72.976369, "activity_lines": [ 42.240571, 42.166467, 42.036974, 41.896936 ] }, { "date": "2023-11-17", "close": 42.443486, "volume": 2303284, "typical_volume": 2229413.0, "trend": 41.742923, "fair_value": 40.712158, "relative_strength": -5.242807, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.267234, "energy": 77.206127, "activity_lines": [ 42.317898, 42.227748, 42.088098, 41.944837 ] }, { "date": "2023-11-24", "close": 42.487615, "volume": 977022, "typical_volume": 2184182.15, "trend": 41.783991, "fair_value": 40.724383, "relative_strength": -5.930518, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.031751, "energy": 75.758725, "activity_lines": [ 42.389656, 42.288309, 42.13866, 41.992882 ] }, { "date": "2023-12-01", "close": 42.670313, "volume": 2424427, "typical_volume": 2169640.35, "trend": 41.83296, "fair_value": 40.737817, "relative_strength": -6.164664, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.368569, "energy": 84.200362, "activity_lines": [ 42.499678, 42.372702, 42.201953, 42.050064 ] }, { "date": "2023-12-08", "close": 42.661456, "volume": 1733811, "typical_volume": 2129427.85, "trend": 41.879617, "fair_value": 40.751142, "relative_strength": -6.196472, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.533297, "energy": 85.666306, "activity_lines": [ 42.574865, 42.443094, 42.259315, 42.103515 ] }, { "date": "2023-12-15", "close": 42.829728, "volume": 1704615, "typical_volume": 2078161.9, "trend": 41.932172, "fair_value": 40.765392, "relative_strength": -7.747739, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.438207, "energy": 89.627166, "activity_lines": [ 42.681608, 42.532649, 42.32795, 42.164813 ] }, { "date": "2023-12-22", "close": 42.8973, "volume": 2729808, "typical_volume": 2091470.05, "trend": 41.987555, "fair_value": 40.780023, "relative_strength": -8.145198, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.442079, "energy": 91.516861, "activity_lines": [ 42.774535, 42.620337, 42.397589, 42.227079 ] }, { "date": "2023-12-29", "close": 42.959535, "volume": 1367948, "typical_volume": 2060382.45, "trend": 42.041865, "fair_value": 40.79491, "relative_strength": -8.025955, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.908727, "energy": 87.861981, "activity_lines": [ 42.857952, 42.70556, 42.46786, 42.289787 ] }, { "date": "2024-01-05", "close": 42.941754, "volume": 3309200, "typical_volume": 2122502.95, "trend": 42.094716, "fair_value": 40.809682, "relative_strength": -6.346975, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.183441, "energy": 83.039466, "activity_lines": [ 42.903981, 42.772796, 42.530929, 42.347845 ] }, { "date": "2024-01-12", "close": 43.101785, "volume": 2937705, "typical_volume": 2182898.05, "trend": 42.152033, "fair_value": 40.825533, "relative_strength": -7.487576, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.585034, "energy": 84.796419, "activity_lines": [ 42.985258, 42.855497, 42.603941, 42.412817 ] }, { "date": "2024-01-19", "close": 43.066222, "volume": 1209525, "typical_volume": 2129312.5, "trend": 42.206431, "fair_value": 40.841155, "relative_strength": -8.392041, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.476891, "energy": 74.811738, "activity_lines": [ 43.025325, 42.917036, 42.667546, 42.471797 ] }, { "date": "2024-01-26", "close": 43.155129, "volume": 1080845, "typical_volume": 2121602.6, "trend": 42.263503, "fair_value": 40.857347, "relative_strength": -8.897876, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.240591, "energy": 73.724743, "activity_lines": [ 43.079262, 42.980529, 42.734112, 42.533003 ] }, { "date": "2024-02-02", "close": 43.172445, "volume": 2539148, "typical_volume": 2127630.7, "trend": 42.319017, "fair_value": 40.873761, "relative_strength": -9.905492, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.889138, "energy": 72.918173, "activity_lines": [ 43.121782, 43.034231, 42.796649, 42.591644 ] }, { "date": "2024-02-09", "close": 43.145669, "volume": 1871608, "typical_volume": 2123948.4, "trend": 42.370466, "fair_value": 40.889952, "relative_strength": -10.913348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.642025, "energy": 69.135585, "activity_lines": [ 43.141183, 43.070613, 42.850917, 42.644977 ] }, { "date": "2024-02-16", "close": 43.145669, "volume": 1689159, "typical_volume": 2132337.9, "trend": 42.419884, "fair_value": 40.906401, "relative_strength": -10.331597, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.303095, "energy": 68.174856, "activity_lines": [ 43.146989, 43.098352, 42.899676, 42.69499 ] }, { "date": "2024-02-23", "close": 43.18137, "volume": 731552, "typical_volume": 2046281.0, "trend": 42.469622, "fair_value": 40.923234, "relative_strength": -11.380198, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.81421, "energy": 69.47342, "activity_lines": [ 43.16177, 43.123779, 42.946535, 42.744118 ] }, { "date": "2024-03-01", "close": 43.265125, "volume": 1248958, "typical_volume": 1986232.6, "trend": 42.518949, "fair_value": 40.94133, "relative_strength": -11.743863, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.901476, "energy": 73.325997, "activity_lines": [ 43.196793, 43.15804, 42.99599, 42.795441 ] }, { "date": "2024-03-08", "close": 43.327854, "volume": 1452527, "typical_volume": 1951905.6, "trend": 42.569785, "fair_value": 40.959931, "relative_strength": -11.001094, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.262052, "energy": 74.272441, "activity_lines": [ 43.245392, 43.197019, 43.046057, 42.847628 ] }, { "date": "2024-03-15", "close": 43.318893, "volume": 970972, "typical_volume": 1898759.2, "trend": 42.619449, "fair_value": 40.978423, "relative_strength": -10.582266, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.68895, "energy": 83.497563, "activity_lines": [ 43.280644, 43.227672, 43.089654, 42.895958 ] }, { "date": "2024-03-22", "close": 43.461915, "volume": 1225971, "typical_volume": 1835364.55, "trend": 42.673589, "fair_value": 40.997573, "relative_strength": -11.859278, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.285693, "energy": 90.171215, "activity_lines": [ 43.352022, 43.277472, 43.141506, 42.95031 ] }, { "date": "2024-03-29", "close": 43.462274, "volume": 1815030, "typical_volume": 1766155.75, "trend": 42.725331, "fair_value": 41.016721, "relative_strength": -11.839159, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.874218, "energy": 86.483477, "activity_lines": [ 43.402436, 43.320789, 43.187828, 43.001193 ] }, { "date": "2024-04-05", "close": 43.479203, "volume": 3515315, "typical_volume": 1826757.3, "trend": 42.775885, "fair_value": 41.035772, "relative_strength": -10.688279, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.572082, "energy": 72.438536, "activity_lines": [ 43.439766, 43.359983, 43.230154, 43.04983 ] }, { "date": "2024-04-12", "close": 43.506197, "volume": 2110642, "typical_volume": 1883438.3, "trend": 42.827046, "fair_value": 41.055046, "relative_strength": -9.009875, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.671924, "energy": 72.179528, "activity_lines": [ 43.471823, 43.398193, 43.270119, 43.096947 ] }, { "date": "2024-04-19", "close": 43.488201, "volume": 2515619, "typical_volume": 1887997.9, "trend": 42.877024, "fair_value": 41.074206, "relative_strength": -5.903596, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.097883, "energy": 68.666662, "activity_lines": [ 43.485991, 43.427063, 43.30352, 43.139602 ] }, { "date": "2024-04-26", "close": 43.54219, "volume": 2181407, "typical_volume": 1910377.7, "trend": 42.927341, "fair_value": 41.093608, "relative_strength": -7.93118, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.524508, "energy": 70.639739, "activity_lines": [ 43.506868, 43.459521, 43.338168, 43.182516 ] }, { "date": "2024-05-03", "close": 43.659477, "volume": 2949201, "typical_volume": 1972607.0, "trend": 42.980944, "fair_value": 41.113596, "relative_strength": -7.927439, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.683042, "energy": 72.52109, "activity_lines": [ 43.56149, 43.506095, 43.379792, 43.229751 ] }, { "date": "2024-05-10", "close": 43.677548, "volume": 1719765, "typical_volume": 1922104.85, "trend": 43.032219, "fair_value": 41.133751, "relative_strength": -9.242325, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.946339, "energy": 70.832859, "activity_lines": [ 43.608988, 43.547261, 43.419186, 43.274693 ] }, { "date": "2024-05-17", "close": 43.71369, "volume": 1995276, "typical_volume": 1953471.25, "trend": 43.084406, "fair_value": 41.153931, "relative_strength": -10.319283, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.492258, "energy": 70.821183, "activity_lines": [ 43.65531, 43.5875, 43.458307, 43.318659 ] }, { "date": "2024-05-24", "close": 43.745314, "volume": 1220355, "typical_volume": 1849029.0, "trend": 43.136181, "fair_value": 41.174107, "relative_strength": -9.933252, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.718284, "energy": 70.49812, "activity_lines": [ 43.698341, 43.626474, 43.496848, 43.361298 ] }, { "date": "2024-05-31", "close": 43.813081, "volume": 1356862, "typical_volume": 1769986.85, "trend": 43.186835, "fair_value": 41.194755, "relative_strength": -9.15567, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.960291, "energy": 71.730334, "activity_lines": [ 43.74682, 43.670016, 43.538017, 43.404969 ] }, { "date": "2024-06-07", "close": 43.864376, "volume": 1937028, "typical_volume": 1806362.0, "trend": 43.239494, "fair_value": 41.215732, "relative_strength": -9.887267, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.625185, "energy": 76.00085, "activity_lines": [ 43.794338, 43.716499, 43.580684, 43.448681 ] }, { "date": "2024-06-14", "close": 43.98234, "volume": 1861570, "typical_volume": 1845398.25, "trend": 43.290789, "fair_value": 41.237517, "relative_strength": -10.838652, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.625939, "energy": 82.725399, "activity_lines": [ 43.867518, 43.77712, 43.630785, 43.496607 ] }, { "date": "2024-06-21", "close": 44.054933, "volume": 1837250, "typical_volume": 1810303.35, "trend": 43.343033, "fair_value": 41.259819, "relative_strength": -10.95987, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.179913, "energy": 87.890001, "activity_lines": [ 43.944575, 43.841791, 43.68386, 43.545906 ] }, { "date": "2024-06-28", "close": 44.045859, "volume": 2179667, "typical_volume": 1825706.3, "trend": 43.388884, "fair_value": 41.281991, "relative_strength": -10.668498, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.375944, "energy": 84.548046, "activity_lines": [ 43.995859, 43.894835, 43.731869, 43.59125 ] }, { "date": "2024-07-05", "close": 44.166573, "volume": 2131356, "typical_volume": 1847816.15, "trend": 43.439055, "fair_value": 41.304988, "relative_strength": -11.800519, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.882526, "energy": 89.989216, "activity_lines": [ 44.067344, 43.959688, 43.787088, 43.641424 ] }, { "date": "2024-07-12", "close": 44.294144, "volume": 1923924, "typical_volume": 1907434.75, "trend": 43.487869, "fair_value": 41.328752, "relative_strength": -12.113746, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.003977, "energy": 92.941476, "activity_lines": [ 44.157786, 44.036384, 43.849595, 43.696591 ] }, { "date": "2024-07-19", "close": 44.312368, "volume": 2068453, "typical_volume": 1948409.5, "trend": 43.535038, "fair_value": 41.352528, "relative_strength": -10.071522, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.611548, "energy": 91.789194, "activity_lines": [ 44.225652, 44.104853, 43.908539, 43.749784 ] }, { "date": "2024-07-26", "close": 44.398933, "volume": 1264667, "typical_volume": 1939016.5, "trend": 43.583018, "fair_value": 41.376808, "relative_strength": -8.928711, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.738246, "energy": 94.187028, "activity_lines": [ 44.300372, 44.17752, 43.97074, 43.805519 ] }, { "date": "2024-08-02", "close": 44.575205, "volume": 2069434, "typical_volume": 1993939.6, "trend": 43.637466, "fair_value": 41.402299, "relative_strength": -6.362166, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.908826, "energy": 98.083405, "activity_lines": [ 44.410915, 44.269777, 44.044628, 43.869531 ] }, { "date": "2024-08-09", "close": 44.567885, "volume": 2238220, "typical_volume": 2044552.05, "trend": 43.686336, "fair_value": 41.427639, "relative_strength": -6.160985, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.422636, "energy": 95.102673, "activity_lines": [ 44.483728, 44.345614, 44.111837, 43.929558 ] }, { "date": "2024-08-16", "close": 44.643824, "volume": 1357610, "typical_volume": 2021681.05, "trend": 43.738923, "fair_value": 41.45357, "relative_strength": -9.290823, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.168324, "energy": 95.345056, "activity_lines": [ 44.555101, 44.421534, 44.181012, 43.991332 ] }, { "date": "2024-08-23", "close": 44.739891, "volume": 1379440, "typical_volume": 1914887.3, "trend": 43.791748, "fair_value": 41.479909, "relative_strength": -10.032095, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.988159, "energy": 95.794403, "activity_lines": [ 44.635183, 44.50075, 44.253709, 44.05591 ] }, { "date": "2024-08-30", "close": 44.803936, "volume": 1262369, "typical_volume": 1872473.65, "trend": 43.846131, "fair_value": 41.506737, "relative_strength": -9.862832, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.616729, "energy": 85.565736, "activity_lines": [ 44.708113, 44.577836, 44.326503, 44.121213 ] }, { "date": "2024-09-06", "close": 44.903861, "volume": 1678348, "typical_volume": 1830610.1, "trend": 43.904738, "fair_value": 41.534102, "relative_strength": -5.50734, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.048639, "energy": 81.530393, "activity_lines": [ 44.78735, 44.659472, 44.402634, 44.189453 ] }, { "date": "2024-09-13", "close": 44.958991, "volume": 1884338, "typical_volume": 1815756.65, "trend": 43.965182, "fair_value": 41.561768, "relative_strength": -8.723368, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.764194, "energy": 83.840268, "activity_lines": [ 44.863054, 44.735532, 44.477274, 44.25747 ] }, { "date": "2024-09-20", "close": 45.032499, "volume": 2631883, "typical_volume": 1799890.75, "trend": 44.026886, "fair_value": 41.589853, "relative_strength": -9.466261, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.41583, "energy": 92.587619, "activity_lines": [ 44.937187, 44.810549, 44.552168, 44.326329 ] }, { "date": "2024-09-27", "close": 45.096818, "volume": 1694276, "typical_volume": 1798616.3, "trend": 44.087942, "fair_value": 41.618205, "relative_strength": -9.435021, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.468536, "energy": 91.198064, "activity_lines": [ 45.006848, 44.883836, 44.626649, 44.395357 ] }, { "date": "2024-10-04", "close": 45.063877, "volume": 1025244, "typical_volume": 1750114.7, "trend": 44.14581, "fair_value": 41.646502, "relative_strength": -9.327877, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.044041, "energy": 85.825308, "activity_lines": [ 45.041733, 44.936871, 44.691235, 44.45832 ] }, { "date": "2024-10-11", "close": 45.193053, "volume": 1143474, "typical_volume": 1746270.65, "trend": 44.208282, "fair_value": 41.675887, "relative_strength": -9.682825, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.088032, "energy": 82.832804, "activity_lines": [ 45.102348, 45.001303, 44.761694, 44.525884 ] }, { "date": "2024-10-18", "close": 45.248414, "volume": 2007147, "typical_volume": 1778784.9, "trend": 44.267832, "fair_value": 41.705835, "relative_strength": -9.864828, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.140284, "energy": 75.350253, "activity_lines": [ 45.162137, 45.064567, 44.830531, 44.59299 ] }, { "date": "2024-10-25", "close": 45.257641, "volume": 2122607, "typical_volume": 1788063.85, "trend": 44.327677, "fair_value": 41.735842, "relative_strength": -8.449895, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.461557, "energy": 73.332654, "activity_lines": [ 45.205706, 45.117135, 44.893412, 44.656848 ] }, { "date": "2024-11-01", "close": 45.279821, "volume": 1436120, "typical_volume": 1766791.35, "trend": 44.387698, "fair_value": 41.765896, "relative_strength": -6.715833, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.757928, "energy": 79.949667, "activity_lines": [ 45.24166, 45.162575, 44.951771, 44.718277 ] }, { "date": "2024-11-08", "close": 45.344679, "volume": 1438055, "typical_volume": 1746831.6, "trend": 44.448981, "fair_value": 41.796469, "relative_strength": -10.386948, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.987625, "energy": 75.131188, "activity_lines": [ 45.287032, 45.209991, 45.010129, 44.780018 ] }, { "date": "2024-11-15", "close": 45.36321, "volume": 1845931, "typical_volume": 1730144.8, "trend": 44.511481, "fair_value": 41.82737, "relative_strength": -8.07048, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.725823, "energy": 73.027291, "activity_lines": [ 45.319862, 45.250945, 45.064109, 44.839 ] }, { "date": "2024-11-22", "close": 45.391006, "volume": 1466388, "typical_volume": 1696896.4, "trend": 44.573108, "fair_value": 41.858604, "relative_strength": -9.140908, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.274625, "energy": 72.826403, "activity_lines": [ 45.350613, 45.2886, 45.114464, 44.895744 ] }, { "date": "2024-11-29", "close": 45.50219, "volume": 899794, "typical_volume": 1645689.9, "trend": 44.634532, "fair_value": 41.890924, "relative_strength": -9.595235, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.374784, "energy": 76.397223, "activity_lines": [ 45.408919, 45.338616, 45.169577, 44.955685 ] }, { "date": "2024-12-06", "close": 45.580447, "volume": 2348848, "typical_volume": 1659709.65, "trend": 44.697962, "fair_value": 41.923536, "relative_strength": -9.829706, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.523765, "energy": 76.82082, "activity_lines": [ 45.477007, 45.394321, 45.226391, 45.016711 ] }, { "date": "2024-12-13", "close": 45.617663, "volume": 1902752, "typical_volume": 1691613.9, "trend": 44.761428, "fair_value": 41.956334, "relative_strength": -8.868147, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.242571, "energy": 75.728685, "activity_lines": [ 45.53746, 45.447999, 45.28071, 45.076047 ] }, { "date": "2024-12-20", "close": 45.664183, "volume": 1793279, "typical_volume": 1677806.15, "trend": 44.82539, "fair_value": 41.989244, "relative_strength": -6.756408, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.264742, "energy": 75.157028, "activity_lines": [ 45.59522, 45.500067, 45.333656, 45.134289 ] }, { "date": "2024-12-27", "close": 45.626433, "volume": 2303348, "typical_volume": 1681062.55, "trend": 44.885835, "fair_value": 42.021702, "relative_strength": -7.117517, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.571262, "energy": 69.891077, "activity_lines": [ 45.620331, 45.536704, 45.377822, 45.185969 ] }, { "date": "2025-01-03", "close": 45.7012, "volume": 1634881, "typical_volume": 1694926.1, "trend": 44.947063, "fair_value": 42.054587, "relative_strength": -6.140182, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.391967, "energy": 73.190102, "activity_lines": [ 45.65467, 45.580063, 45.424068, 45.238574 ] }, { "date": "2025-01-10", "close": 45.691854, "volume": 1842953, "typical_volume": 1718101.75, "trend": 45.004046, "fair_value": 42.087412, "relative_strength": -4.018041, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.235591, "energy": 70.979538, "activity_lines": [ 45.672627, 45.613658, 45.464388, 45.286625 ] }, { "date": "2025-01-17", "close": 45.766621, "volume": 2188644, "typical_volume": 1764415.5, "trend": 45.061103, "fair_value": 42.121031, "relative_strength": -6.30664, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.979468, "energy": 74.243836, "activity_lines": [ 45.708078, 45.653355, 45.507296, 45.335823 ] }, { "date": "2025-01-24", "close": 45.822696, "volume": 1922393, "typical_volume": 1776617.75, "trend": 45.120331, "fair_value": 42.155272, "relative_strength": -7.483647, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.381353, "energy": 75.154302, "activity_lines": [ 45.752291, 45.695576, 45.55096, 45.384958 ] }, { "date": "2025-01-31", "close": 45.897463, "volume": 1653986, "typical_volume": 1765100.15, "trend": 45.178027, "fair_value": 42.190169, "relative_strength": -6.115644, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.93474, "energy": 76.088442, "activity_lines": [ 45.810858, 45.743037, 45.597369, 45.435096 ] }, { "date": "2025-02-07", "close": 45.971344, "volume": 1757660, "typical_volume": 1721389.0, "trend": 45.233934, "fair_value": 42.22554, "relative_strength": -5.561676, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.293866, "energy": 76.725898, "activity_lines": [ 45.875984, 45.794722, 45.646346, 45.486277 ] }, { "date": "2025-02-14", "close": 46.018244, "volume": 1534920, "typical_volume": 1713421.2, "trend": 45.290796, "fair_value": 42.261474, "relative_strength": -6.583746, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.883623, "energy": 86.054596, "activity_lines": [ 45.938733, 45.846404, 45.695319, 45.536878 ] }, { "date": "2025-02-21", "close": 46.074524, "volume": 856607, "typical_volume": 1704989.35, "trend": 45.346649, "fair_value": 42.298295, "relative_strength": -4.736616, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.293395, "energy": 90.191164, "activity_lines": [ 45.998483, 45.90036, 45.745264, 45.587441 ] }, { "date": "2025-02-28", "close": 46.158944, "volume": 1658343, "typical_volume": 1730732.8, "trend": 45.39944, "fair_value": 42.335731, "relative_strength": -3.458222, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.333607, "energy": 94.937456, "activity_lines": [ 46.065847, 45.961357, 45.798436, 45.639847 ] }, { "date": "2025-03-07", "close": 46.147988, "volume": 1972294, "typical_volume": 1728990.15, "trend": 45.45211, "fair_value": 42.374148, "relative_strength": -0.286836, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.940025, "energy": 92.568575, "activity_lines": [ 46.107141, 46.011367, 45.845965, 45.688141 ] }, { "date": "2025-03-14", "close": 46.157406, "volume": 1667446, "typical_volume": 1706232.1, "trend": 45.502563, "fair_value": 42.412678, "relative_strength": 2.148983, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.873843, "energy": 87.929005, "activity_lines": [ 46.134874, 46.053607, 45.890108, 45.733644 ] }, { "date": "2025-03-21", "close": 46.223331, "volume": 3664445, "typical_volume": 1817648.35, "trend": 45.552011, "fair_value": 42.451526, "relative_strength": 1.837141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.338277, "energy": 82.540641, "activity_lines": [ 46.172177, 46.099539, 45.936245, 45.780145 ] }, { "date": "2025-03-28", "close": 46.308093, "volume": 1432875, "typical_volume": 1817389.35, "trend": 45.60215, "fair_value": 42.490842, "relative_strength": 3.571468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.185694, "energy": 76.322802, "activity_lines": [ 46.224062, 46.151218, 45.985961, 45.828924 ] }, { "date": "2025-04-04", "close": 46.263133, "volume": 1845087, "typical_volume": 1817347.15, "trend": 45.647459, "fair_value": 42.52966, "relative_strength": 13.60774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.190623, "energy": 71.024616, "activity_lines": [ 46.245389, 46.184878, 46.026808, 45.871568 ] }, { "date": "2025-04-11", "close": 46.111853, "volume": 3641180, "typical_volume": 1926086.75, "trend": 45.685888, "fair_value": 42.567876, "relative_strength": 7.155156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.309727, "energy": 66.044925, "activity_lines": [ 46.209343, 46.183024, 46.048962, 45.901529 ] }, { "date": "2025-04-18", "close": 46.24895, "volume": 1195428, "typical_volume": 1940868.45, "trend": 45.726436, "fair_value": 42.606971, "relative_strength": 9.039302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.087696, "energy": 66.034792, "activity_lines": [ 46.221405, 46.2022, 46.08074, 45.937856 ] }, { "date": "2025-04-25", "close": 46.357682, "volume": 2247625, "typical_volume": 1935807.3, "trend": 45.768465, "fair_value": 42.647026, "relative_strength": 4.550357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.672217, "energy": 57.080442, "activity_lines": [ 46.263609, 46.236097, 46.119317, 45.978581 ] }, { "date": "2025-05-02", "close": 46.381375, "volume": 2399095, "typical_volume": 1960624.45, "trend": 45.812381, "fair_value": 42.687138, "relative_strength": 1.741322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.174507, "energy": 54.220388, "activity_lines": [ 46.304753, 46.268131, 46.15645, 46.018124 ] }, { "date": "2025-05-09", "close": 46.457333, "volume": 1269380, "typical_volume": 1934429.5, "trend": 45.854524, "fair_value": 42.727737, "relative_strength": 2.40867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.677113, "energy": 59.954991, "activity_lines": [ 46.366331, 46.308396, 46.19718, 46.059734 ] }, { "date": "2025-05-16", "close": 46.53329, "volume": 2898169, "typical_volume": 1964170.55, "trend": 45.897353, "fair_value": 42.768981, "relative_strength": -2.454916, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.500282, "energy": 62.701919, "activity_lines": [ 46.440281, 46.357046, 46.241368, 46.103525 ] }, { "date": "2025-05-23", "close": 46.609247, "volume": 3179175, "typical_volume": 2041385.25, "trend": 45.942407, "fair_value": 42.809869, "relative_strength": 0.326877, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.714957, "energy": 72.891924, "activity_lines": [ 46.511455, 46.412501, 46.28847, 46.149454 ] }, { "date": "2025-05-30", "close": 46.67571, "volume": 1084618, "typical_volume": 2003468.5, "trend": 45.988936, "fair_value": 42.851866, "relative_strength": -1.165398, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.984024, "energy": 81.477165, "activity_lines": [ 46.580763, 46.471825, 46.337579, 46.196764 ] }, { "date": "2025-06-06", "close": 46.685444, "volume": 1927548, "typical_volume": 1990413.7, "trend": 46.033629, "fair_value": 42.8944, "relative_strength": -2.630489, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.934348, "energy": 76.25523, "activity_lines": [ 46.632114, 46.524693, 46.38293, 46.2417 ] }, { "date": "2025-06-13", "close": 46.742657, "volume": 1575514, "typical_volume": 1973069.75, "trend": 46.07961, "fair_value": 42.937881, "relative_strength": -2.073122, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.618644, "energy": 72.613487, "activity_lines": [ 46.682265, 46.581103, 46.429354, 46.287443 ] }, { "date": "2025-06-20", "close": 46.81894, "volume": 959365, "typical_volume": 1938338.7, "trend": 46.127208, "fair_value": 42.981745, "relative_strength": -1.68171, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.058732, "energy": 72.585316, "activity_lines": [ 46.738822, 46.642664, 46.478663, 46.335142 ] }, { "date": "2025-06-27", "close": 46.895224, "volume": 1421504, "typical_volume": 1921530.9, "trend": 46.173642, "fair_value": 43.025828, "relative_strength": -4.695611, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.657724, "energy": 72.260836, "activity_lines": [ 46.801763, 46.705239, 46.530848, 46.384691 ] }, { "date": "2025-07-04", "close": 46.938921, "volume": 922162, "typical_volume": 1890893.0, "trend": 46.218925, "fair_value": 43.06998, "relative_strength": -6.072381, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.295067, "energy": 75.836559, "activity_lines": [ 46.860205, 46.764008, 46.582796, 46.434064 ] }, { "date": "2025-07-11", "close": 46.977223, "volume": 1435852, "typical_volume": 1919855.25, "trend": 46.264244, "fair_value": 43.114694, "relative_strength": -5.628571, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.705597, "energy": 87.439732, "activity_lines": [ 46.913867, 46.819174, 46.634008, 46.482987 ] }, { "date": "2025-07-18", "close": 47.044251, "volume": 1895621, "typical_volume": 1931719.15, "trend": 46.310246, "fair_value": 43.159468, "relative_strength": -5.937112, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.547613, "energy": 88.906661, "activity_lines": [ 46.97042, 46.875692, 46.687304, 46.53331 ] }, { "date": "2025-07-25", "close": 47.087341, "volume": 977990, "typical_volume": 1882003.95, "trend": 46.358943, "fair_value": 43.204044, "relative_strength": -7.063717, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.455198, "energy": 93.772877, "activity_lines": [ 47.02123, 46.929374, 46.740489, 46.583445 ] }, { "date": "2025-08-01", "close": 47.191239, "volume": 1153578, "typical_volume": 1856310.55, "trend": 46.408611, "fair_value": 43.249624, "relative_strength": -4.351431, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.491487, "energy": 96.445544, "activity_lines": [ 47.088779, 46.991873, 46.799095, 46.637142 ] }, { "date": "2025-08-08", "close": 47.220085, "volume": 2350241, "typical_volume": 1790600.35, "trend": 46.459552, "fair_value": 43.29465, "relative_strength": -6.375772, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.951817, "energy": 95.283448, "activity_lines": [ 47.146209, 47.049035, 46.855526, 46.689495 ] }, { "date": "2025-08-15", "close": 47.277776, "volume": 1517114, "typical_volume": 1794812.3, "trend": 46.509924, "fair_value": 43.33994, "relative_strength": -6.991158, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.822994, "energy": 95.644481, "activity_lines": [ 47.204125, 47.106788, 46.912705, 46.742283 ] }, { "date": "2025-08-22", "close": 47.360947, "volume": 1517394, "typical_volume": 1778427.65, "trend": 46.561199, "fair_value": 43.385816, "relative_strength": -6.934733, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.019562, "energy": 96.744245, "activity_lines": [ 47.269728, 47.168894, 46.973187, 46.797188 ] }, { "date": "2025-08-29", "close": 47.383542, "volume": 1098028, "typical_volume": 1651270.05, "trend": 46.610735, "fair_value": 43.431913, "relative_strength": -6.693188, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.064343, "energy": 94.65631, "activity_lines": [ 47.321749, 47.223866, 47.030594, 46.850243 ] }, { "date": "2025-09-05", "close": 47.469132, "volume": 1433432, "typical_volume": 1663170.25, "trend": 46.660661, "fair_value": 43.4784, "relative_strength": -6.594705, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.159546, "energy": 96.464266, "activity_lines": [ 47.382554, 47.284134, 47.090096, 46.905623 ] }, { "date": "2025-09-12", "close": 47.498094, "volume": 2144642, "typical_volume": 1658021.1, "trend": 46.709989, "fair_value": 43.525179, "relative_strength": -7.78616, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.394824, "energy": 94.31677, "activity_lines": [ 47.434486, 47.339234, 47.146546, 46.959651 ] }, { "date": "2025-09-19", "close": 47.565673, "volume": 1514960, "typical_volume": 1613814.35, "trend": 46.759694, "fair_value": 43.572655, "relative_strength": -8.590726, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.631507, "energy": 80.880234, "activity_lines": [ 47.490411, 47.396454, 47.204002, 47.014856 ] }, { "date": "2025-09-26", "close": 47.575327, "volume": 1535610, "typical_volume": 1627125.85, "trend": 46.806907, "fair_value": 43.620987, "relative_strength": -8.132561, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.733483, "energy": 79.341454, "activity_lines": [ 47.530361, 47.44473, 47.256737, 47.067478 ] }, { "date": "2025-10-03", "close": 47.644423, "volume": 1596611, "typical_volume": 1562047.95, "trend": 46.856788, "fair_value": 43.669625, "relative_strength": -8.826748, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.005192, "energy": 75.355782, "activity_lines": [ 47.579051, 47.495913, 47.310729, 47.121511 ] }, { "date": "2025-10-10", "close": 47.702585, "volume": 1435873, "typical_volume": 1474882.85, "trend": 46.908294, "fair_value": 43.718794, "relative_strength": -6.316835, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.609326, "energy": 75.51839, "activity_lines": [ 47.629736, 47.547543, 47.36497, 47.176079 ] }, { "date": "2025-10-17", "close": 47.760747, "volume": 2227638, "typical_volume": 1532033.85, "trend": 46.959541, "fair_value": 43.768442, "relative_strength": -7.66086, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.017308, "energy": 75.63605, "activity_lines": [ 47.684245, 47.60045, 47.419543, 47.231076 ] }, { "date": "2025-10-24", "close": 47.780134, "volume": 3180888, "typical_volume": 1594700.85, "trend": 47.008609, "fair_value": 43.817949, "relative_strength": -9.185541, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.17088, "energy": 73.932443, "activity_lines": [ 47.727706, 47.647052, 47.470796, 47.284017 ] }, { "date": "2025-10-31", "close": 47.818909, "volume": 1692305, "typical_volume": 1600540.4, "trend": 47.060468, "fair_value": 43.867785, "relative_strength": -9.525607, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.332312, "energy": 73.605252, "activity_lines": [ 47.769794, 47.691569, 47.520529, 47.336294 ] }, { "date": "2025-11-07", "close": 47.865337, "volume": 2024859, "typical_volume": 1653815.1, "trend": 47.118918, "fair_value": 43.917176, "relative_strength": -7.817768, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.247866, "energy": 73.868471, "activity_lines": [ 47.81112, 47.736202, 47.569559, 47.388221 ] }, { "date": "2025-11-14", "close": 47.904268, "volume": 1485683, "typical_volume": 1657024.05, "trend": 47.174095, "fair_value": 43.966444, "relative_strength": -7.71203, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.25253, "energy": 73.821729, "activity_lines": [ 47.850695, 47.779154, 47.617313, 47.438889 ] }, { "date": "2025-11-21", "close": 47.952931, "volume": 1814506, "typical_volume": 1701641.25, "trend": 47.22727, "fair_value": 44.015546, "relative_strength": -5.707118, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.93754, "energy": 73.950454, "activity_lines": [ 47.893046, 47.823041, 47.664897, 47.489137 ] }, { "date": "2025-11-28", "close": 47.991862, "volume": 1155262, "typical_volume": 1687611.75, "trend": 47.280953, "fair_value": 44.064319, "relative_strength": -8.853515, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.191565, "energy": 73.666777, "activity_lines": [ 47.935561, 47.865737, 47.711361, 47.538465 ] }, { "date": "2025-12-05", "close": 48.012548, "volume": 2708761, "typical_volume": 1728268.75, "trend": 47.332794, "fair_value": 44.11317, "relative_strength": -8.986552, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.153902, "energy": 72.56901, "activity_lines": [ 47.970857, 47.904445, 47.754962, 47.585665 ] }, { "date": "2025-12-12", "close": 48.080942, "volume": 1667514, "typical_volume": 1762744.95, "trend": 47.384382, "fair_value": 44.162088, "relative_strength": -8.196369, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.050847, "energy": 74.285032, "activity_lines": [ 48.016041, 47.94764, 47.800467, 47.633933 ] }, { "date": "2025-12-19", "close": 48.139566, "volume": 1648464, "typical_volume": 1787489.25, "trend": 47.435393, "fair_value": 44.211147, "relative_strength": -8.024997, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.745599, "energy": 83.121166, "activity_lines": [ 48.066393, 47.993556, 47.846823, 47.682654 ] }, { "date": "2025-12-26", "close": 48.193537, "volume": 896798, "typical_volume": 1714817.1, "trend": 47.485987, "fair_value": 44.260497, "relative_strength": -9.041775, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.750359, "energy": 84.536647, "activity_lines": [ 48.119049, 48.04134, 47.893804, 47.731567 ] }, { "date": "2026-01-02", "close": 48.213155, "volume": 1353218, "typical_volume": 1706622.3, "trend": 47.536911, "fair_value": 44.30926, "relative_strength": -7.879801, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.43817, "energy": 87.999177, "activity_lines": [ 48.162204, 48.084822, 47.938017, 47.778481 ] }, { "date": "2026-01-09", "close": 48.262202, "volume": 1844679, "typical_volume": 1722986.55, "trend": 47.587562, "fair_value": 44.358174, "relative_strength": -9.003572, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.18676, "energy": 92.78245, "activity_lines": [ 48.206954, 48.129349, 47.982448, 47.825274 ] }, { "date": "2026-01-16", "close": 48.311249, "volume": 1897240, "typical_volume": 1762947.15, "trend": 47.637306, "fair_value": 44.4068, "relative_strength": -8.417737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.681182, "energy": 90.756769, "activity_lines": [ 48.251411, 48.174733, 48.027257, 47.871963 ] }, { "date": "2026-01-23", "close": 48.360296, "volume": 2095671, "typical_volume": 1796059.1, "trend": 47.686141, "fair_value": 44.455412, "relative_strength": -7.86013, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.553167, "energy": 91.985559, "activity_lines": [ 48.296862, 48.220928, 48.072321, 47.918608 ] }, { "date": "2026-01-30", "close": 48.42078, "volume": 2442024, "typical_volume": 1810928.2, "trend": 47.735537, "fair_value": 44.50408, "relative_strength": -7.943228, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.449864, "energy": 95.617054, "activity_lines": [ 48.347759, 48.269828, 48.118901, 47.966004 ] }, { "date": "2026-02-06", "close": 48.470018, "volume": 2750343, "typical_volume": 1872697.35, "trend": 47.785297, "fair_value": 44.552405, "relative_strength": -7.500213, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.586217, "energy": 92.734416, "activity_lines": [ 48.39992, 48.319174, 48.165776, 48.01339 ] }, { "date": "2026-02-13", "close": 48.519256, "volume": 1993136, "typical_volume": 1895573.65, "trend": 47.834463, "fair_value": 44.600935, "relative_strength": -6.07795, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.289014, "energy": 92.028733, "activity_lines": [ 48.451369, 48.368779, 48.213035, 48.060742 ] }, { "date": "2026-02-20", "close": 48.558647, "volume": 2390470, "typical_volume": 1935266.6, "trend": 47.883507, "fair_value": 44.649773, "relative_strength": -6.877113, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.962273, "energy": 95.692991, "activity_lines": [ 48.498811, 48.416333, 48.25955, 48.107463 ] }, { "date": "2026-02-27", "close": 48.585837, "volume": 2281877, "typical_volume": 1977566.8, "trend": 47.929994, "fair_value": 44.698314, "relative_strength": -6.172392, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.108605, "energy": 93.252047, "activity_lines": [ 48.538824, 48.460145, 48.304302, 48.152775 ] }, { "date": "2026-03-06", "close": 48.526526, "volume": 2182471, "typical_volume": 1975308.45, "trend": 47.973542, "fair_value": 44.74598, "relative_strength": -4.172854, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.622929, "energy": 78.088495, "activity_lines": [ 48.54403, 48.485059, 48.339198, 48.191261 ] }, { "date": "2026-03-13", "close": 48.437559, "volume": 2794465, "typical_volume": 1955987.3, "trend": 48.012201, "fair_value": 44.794342, "relative_strength": -2.646778, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.068085, "energy": 67.936902, "activity_lines": [ 48.512531, 48.487743, 48.361975, 48.221198 ] }, { "date": "2026-03-20", "close": 48.378248, "volume": 1733764, "typical_volume": 1958060.25, "trend": 48.046111, "fair_value": 44.841772, "relative_strength": -0.772998, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.079744, "energy": 60.412815, "activity_lines": [ 48.463425, 48.475564, 48.375973, 48.244814 ] }, { "date": "2026-03-27", "close": 48.427674, "volume": 2777854, "typical_volume": 1995710.0, "trend": 48.080915, "fair_value": 44.889245, "relative_strength": 1.802926, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.193581, "energy": 49.211592, "activity_lines": [ 48.440195, 48.47026, 48.392015, 48.26943 ] }, { "date": "2026-04-03", "close": 48.52583, "volume": 1416944, "typical_volume": 1992273.05, "trend": 48.116139, "fair_value": 44.937064, "relative_strength": -0.899257, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.947731, "energy": 51.07992, "activity_lines": [ 48.458416, 48.480687, 48.414726, 48.298135 ] }, { "date": "2026-04-10", "close": 48.595294, "volume": 2657294, "typical_volume": 2034412.45, "trend": 48.152712, "fair_value": 44.985108, "relative_strength": -3.816607, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 82.740359, "energy": 65.230884, "activity_lines": [ 48.503791, 48.500733, 48.441094, 48.329048 ] }, { "date": "2026-04-17", "close": 48.704452, "volume": 1649098, "typical_volume": 2059104.25, "trend": 48.190671, "fair_value": 45.033299, "relative_strength": -7.278946, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.032414, "energy": 74.19009, "activity_lines": [ 48.580968, 48.537454, 48.474799, 48.364644 ] }, { "date": "2026-04-24", "close": 48.724299, "volume": 2200087, "typical_volume": 2033670.55, "trend": 48.22897, "fair_value": 45.081175, "relative_strength": -7.327519, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.432686, "energy": 79.331014, "activity_lines": [ 48.646968, 48.573521, 48.507001, 48.399072 ] }, { "date": "2026-05-01", "close": 48.530941, "volume": 1798964, "typical_volume": 2040243.05, "trend": 48.258521, "fair_value": 45.12816, "relative_strength": -8.184748, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.57655, "energy": 65.382297, "activity_lines": [ 48.625445, 48.570703, 48.517398, 48.418554 ] }, { "date": "2026-05-08", "close": 48.580554, "volume": 1944830, "typical_volume": 2055061.35, "trend": 48.287787, "fair_value": 45.175076, "relative_strength": -9.793745, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.149656, "energy": 59.739509, "activity_lines": [ 48.613575, 48.57741, 48.530378, 48.43933 ] }, { "date": "2026-05-15", "close": 48.580554, "volume": 1994717, "typical_volume": 2109957.3, "trend": 48.315114, "fair_value": 45.222047, "relative_strength": -9.661971, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.225441, "energy": 49.070478, "activity_lines": [ 48.598057, 48.584213, 48.541257, 48.458218 ] }, { "date": "2026-05-22", "close": 48.650011, "volume": 1648449, "typical_volume": 2124718.85, "trend": 48.344109, "fair_value": 45.269574, "relative_strength": -9.93304, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.022433, "energy": 43.46044, "activity_lines": [ 48.606674, 48.602662, 48.556909, 48.479824 ] }, { "date": "2026-05-29", "close": 48.698244, "volume": 2041863, "typical_volume": 2134578.05, "trend": 48.373421, "fair_value": 45.316805, "relative_strength": -10.763082, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.770281, "energy": 51.401849, "activity_lines": [ 48.634998, 48.626018, 48.575074, 48.502672 ] }, { "date": "2026-06-05", "close": 48.718165, "volume": 2463353, "typical_volume": 2162883.7, "trend": 48.401848, "fair_value": 45.363996, "relative_strength": -8.122743, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.81245, "energy": 56.131701, "activity_lines": [ 48.6717, 48.647178, 48.59306, 48.524913 ] }, { "date": "2026-06-12", "close": 48.77793, "volume": 1836537, "typical_volume": 2149927.0, "trend": 48.43097, "fair_value": 45.411405, "relative_strength": -8.201046, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.785196, "energy": 75.411439, "activity_lines": [ 48.715841, 48.673923, 48.6148, 48.549177 ] }, { "date": "2026-06-19", "close": 48.787891, "volume": 1241490, "typical_volume": 2089900.3, "trend": 48.458802, "fair_value": 45.458543, "relative_strength": -8.677611, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.608148, "energy": 82.284181, "activity_lines": [ 48.750145, 48.697895, 48.6355, 48.572204 ] }, { "date": "2026-06-26", "close": 48.663923, "volume": 1754856, "typical_volume": 2040125.95, "trend": 48.481204, "fair_value": 45.504831, "relative_strength": -6.431373, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.128354, "energy": 53.987992, "activity_lines": [ 48.729303, 48.695826, 48.642645, 48.585438 ] }, { "date": "2026-07-03", "close": 48.7161, "volume": 1375358, "typical_volume": 2009237.05, "trend": 48.504656, "fair_value": 45.551043, "relative_strength": -8.05716, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.134163, "energy": 47.548055, "activity_lines": [ 48.724926, 48.70398, 48.653837, 48.600592 ] }, { "date": "2026-07-10", "close": 48.706139, "volume": 1741600, "typical_volume": 1976793.55, "trend": 48.525496, "fair_value": 45.596581, "relative_strength": -9.027868, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.891722, "energy": 39.786281, "activity_lines": [ 48.716038, 48.710472, 48.663142, 48.613591 ] }, { "date": "2026-07-17", "close": 48.755941, "volume": 1451844, "typical_volume": 1935291.9, "trend": 48.546042, "fair_value": 45.642048, "relative_strength": -7.249892, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.070353, "energy": 38.284084, "activity_lines": [ 48.724553, 48.722834, 48.676488, 48.628458 ] }, { "date": "2026-07-24", "close": 48.745981, "volume": 1652457, "typical_volume": 1908791.2, "trend": 48.564457, "fair_value": 45.687284, "relative_strength": -6.499029, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.869474, "energy": 39.449814, "activity_lines": [ 48.731214, 48.730196, 48.688075, 48.641358 ] }, { "date": "2026-07-31", "close": 48.82, "volume": 2427474, "typical_volume": 1890441.65, "trend": 48.584685, "fair_value": 45.732378, "relative_strength": -7.083922, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.041886, "energy": 57.505985, "activity_lines": [ 48.765342, 48.748009, 48.705667, 48.657844 ] }, { "date": "2026-08-07", "close": 48.89, "volume": 2361921, "typical_volume": 1921849.5, "trend": 48.605611, "fair_value": 45.777809, "relative_strength": -9.81853, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.348992, "energy": 81.849665, "activity_lines": [ 48.812398, 48.775457, 48.728104, 48.677542 ] } ], "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." } } }