{ "ticker": { "uuid": "e1acf8c9-d767-44d3-a7e9-3b9ac975d090", "symbol": "SDEM", "name": "GLOBAL X FDS MSCI SUPERDIVIDEND EMERGING MRKTS (R/S)", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 55.344, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 62.467, "architecture_energy": 61.123, "architecture_maturity": 4.269, "architecture_confidence": 71.52, "architecture_tenure": "New", "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": 26.85, "rotation_up": 69.3, "upward_expansion": 88.55, "deceleration": 42.48, "rotation_down": 13.56, "downward_expansion": 15.21 }, "activity_lines": [ 32.920453, 32.622894, 32.485565, 32.355927 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 33.1171, "trend_reference": 32.203639, "distance_from_trend": 0.028365, "trend_direction": "Improving", "fair_value": 25.242248, "distance_from_fair_value": 0.311971, "fair_value_direction": "Weakening", "relative_strength": -3.067167, "relative_strength_direction": "Weakening", "price_momentum": 0.026952, "excess_performance": -0.098673, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.028365, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033737, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.311971, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.040985, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030672, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.040866, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.026952, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.818744, "read": "Supply-led" } ], "volume": { "latest": 8302, "relative_activity": 0.344584, "balance": 0.818744, "dry_up": 0.583451, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.023014, "annualized_volatility": 0.152516, "from_high_reference": -0.02187, "from_low_reference": 0.266498 }, "levels": { "trend_reference": 32.203639, "fair_value_reference": 25.242248, "structural_low": 29.988644, "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": 27, "median_return": 0.006254, "positive_rate": 0.62963, "directional_follow_through": 0.62963, "median_excess_return": -0.003488, "regime_survival": 0.740741, "best_return": 0.108723, "worst_return": -0.080756, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.052168, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.01652, "regime_survival": 0.7, "best_return": 0.14128, "worst_return": -0.063751, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.141292, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.013352, "regime_survival": 0.6, "best_return": 0.207306, "worst_return": -0.086923, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.067266, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.187297, "regime_survival": 0.666667, "best_return": 0.377889, "worst_return": 0.023701, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.016567, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.013578, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.029218, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-01-24", "tenure": "Developing", "return": 0.057116, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.028618, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-11", "tenure": "Developing", "return": -0.021917, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.042098, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-10-10", "tenure": "Established", "return": 0.057509, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.033031, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-03-20", "tenure": "Established", "return": 0.069579, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.084924, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": -0.005713, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-07-31", "tenure": "Developing", "return": 0.049496, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.846193, "volume": 36196, "typical_volume": 37529.8, "trend": 19.383902, "fair_value": 21.789147, "relative_strength": -8.475308, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -10.956371, "energy": 9.810754, "activity_lines": [ 19.390803, 19.437452, 19.335341, 19.309247 ] }, { "date": "2023-08-25", "close": 19.121548, "volume": 17671, "typical_volume": 35424.3, "trend": 19.32727, "fair_value": 21.778082, "relative_strength": -7.717884, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.499831, "energy": 14.42594, "activity_lines": [ 19.247675, 19.384976, 19.319836, 19.292321 ] }, { "date": "2023-09-01", "close": 19.329251, "volume": 32834, "typical_volume": 35417.25, "trend": 19.301492, "fair_value": 21.770971, "relative_strength": -8.863062, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.885997, "energy": 17.708909, "activity_lines": [ 19.201086, 19.378792, 19.323577, 19.292448 ] }, { "date": "2023-09-08", "close": 19.239657, "volume": 10828, "typical_volume": 34844.8, "trend": 19.281943, "fair_value": 21.764953, "relative_strength": -7.994393, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.354192, "energy": 13.950472, "activity_lines": [ 19.192866, 19.349263, 19.32028, 19.288459 ] }, { "date": "2023-09-15", "close": 19.672127, "volume": 13887, "typical_volume": 34867.6, "trend": 19.278258, "fair_value": 21.760425, "relative_strength": -5.68356, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.471606, "energy": 15.136781, "activity_lines": [ 19.359754, 19.394689, 19.358489, 19.313632 ] }, { "date": "2023-09-22", "close": 19.664576, "volume": 40366, "typical_volume": 36073.35, "trend": 19.285006, "fair_value": 21.762975, "relative_strength": -2.794907, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.157377, "energy": 29.973535, "activity_lines": [ 19.500694, 19.427423, 19.394131, 19.338556 ] }, { "date": "2023-09-29", "close": 19.592176, "volume": 29158, "typical_volume": 36817.65, "trend": 19.269924, "fair_value": 21.7628, "relative_strength": -2.404328, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.036773, "energy": 31.632589, "activity_lines": [ 19.562942, 19.448149, 19.421417, 19.358373 ] }, { "date": "2023-10-06", "close": 19.21368, "volume": 36797, "typical_volume": 37792.0, "trend": 19.270899, "fair_value": 21.757958, "relative_strength": -4.596605, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.245754, "energy": 18.536257, "activity_lines": [ 19.46765, 19.398947, 19.410063, 19.354745 ] }, { "date": "2023-10-13", "close": 19.294202, "volume": 16403, "typical_volume": 36875.15, "trend": 19.29257, "fair_value": 21.755181, "relative_strength": -4.497381, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.759335, "energy": 12.267592, "activity_lines": [ 19.406902, 19.385097, 19.40556, 19.356248 ] }, { "date": "2023-10-20", "close": 18.897761, "volume": 42301, "typical_volume": 37833.8, "trend": 19.296573, "fair_value": 21.745346, "relative_strength": -4.060888, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.700294, "energy": 15.931306, "activity_lines": [ 19.210372, 19.306616, 19.360472, 19.330776 ] }, { "date": "2023-10-27", "close": 18.921166, "volume": 33020, "typical_volume": 37099.75, "trend": 19.28777, "fair_value": 21.743005, "relative_strength": -1.557306, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.570192, "energy": 28.945191, "activity_lines": [ 19.073268, 19.240079, 19.317741, 19.306557 ] }, { "date": "2023-11-03", "close": 19.702302, "volume": 17943, "typical_volume": 30250.25, "trend": 19.310877, "fair_value": 21.737698, "relative_strength": -3.044038, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.916671, "energy": 10.534388, "activity_lines": [ 19.246103, 19.314204, 19.351066, 19.333301 ] }, { "date": "2023-11-10", "close": 19.562777, "volume": 13034, "typical_volume": 28633.2, "trend": 19.308201, "fair_value": 21.725039, "relative_strength": -4.89397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.704114, "energy": 13.639643, "activity_lines": [ 19.365088, 19.352402, 19.370571, 19.349552 ] }, { "date": "2023-11-17", "close": 20.175839, "volume": 30572, "typical_volume": 28381.45, "trend": 19.337173, "fair_value": 21.713163, "relative_strength": -4.042475, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.324324, "energy": 48.871948, "activity_lines": [ 19.665153, 19.497819, 19.445503, 19.405529 ] }, { "date": "2023-11-24", "close": 20.278697, "volume": 12783, "typical_volume": 28242.1, "trend": 19.370328, "fair_value": 21.696927, "relative_strength": -4.403292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.607982, "energy": 68.885904, "activity_lines": [ 19.940729, 19.644917, 19.52481, 19.466272 ] }, { "date": "2023-12-01", "close": 20.75436, "volume": 26858, "typical_volume": 25064.5, "trend": 19.416886, "fair_value": 21.682684, "relative_strength": -2.869855, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.252221, "energy": 83.746207, "activity_lines": [ 20.282797, 19.86747, 19.643565, 19.555565 ] }, { "date": "2023-12-08", "close": 20.330437, "volume": 25585, "typical_volume": 25144.3, "trend": 19.459637, "fair_value": 21.662331, "relative_strength": -4.873597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.322211, "energy": 77.846472, "activity_lines": [ 20.361345, 19.993132, 19.71706, 19.614504 ] }, { "date": "2023-12-15", "close": 20.935522, "volume": 39562, "typical_volume": 26021.9, "trend": 19.522759, "fair_value": 21.643118, "relative_strength": -4.119587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.504255, "energy": 85.109388, "activity_lines": [ 20.599711, 20.215387, 19.844376, 19.709722 ] }, { "date": "2023-12-22", "close": 21.280502, "volume": 20832, "typical_volume": 25484.3, "trend": 19.608769, "fair_value": 21.62866, "relative_strength": -3.20927, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.917495, "energy": 88.899399, "activity_lines": [ 20.861555, 20.469059, 20.001772, 19.823125 ] }, { "date": "2023-12-29", "close": 21.374857, "volume": 28721, "typical_volume": 26267.55, "trend": 19.690439, "fair_value": 21.613865, "relative_strength": -2.902505, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.189632, "energy": 88.98168, "activity_lines": [ 21.081206, 20.703771, 20.160647, 19.937066 ] }, { "date": "2024-01-05", "close": 21.602076, "volume": 17165, "typical_volume": 25316.0, "trend": 19.768174, "fair_value": 21.596586, "relative_strength": -0.080108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.90926, "energy": 92.176114, "activity_lines": [ 21.30352, 20.934759, 20.33138, 20.060397 ] }, { "date": "2024-01-12", "close": 21.561046, "volume": 32732, "typical_volume": 26069.05, "trend": 19.833854, "fair_value": 21.579706, "relative_strength": -1.837132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.257561, "energy": 88.82664, "activity_lines": [ 21.455642, 21.109542, 20.485082, 20.176067 ] }, { "date": "2024-01-19", "close": 21.110054, "volume": 15800, "typical_volume": 25217.35, "trend": 19.906149, "fair_value": 21.56046, "relative_strength": -4.6727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.109541, "energy": 79.379639, "activity_lines": [ 21.375393, 21.168532, 20.584215, 20.258402 ] }, { "date": "2024-01-26", "close": 21.600094, "volume": 16174, "typical_volume": 25484.65, "trend": 19.99157, "fair_value": 21.550385, "relative_strength": -3.140208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.527866, "energy": 65.538539, "activity_lines": [ 21.446856, 21.288487, 20.72154, 20.367689 ] }, { "date": "2024-02-02", "close": 21.153154, "volume": 20861, "typical_volume": 25833.35, "trend": 20.061689, "fair_value": 21.530518, "relative_strength": -6.211605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.834023, "energy": 55.809778, "activity_lines": [ 21.348032, 21.301285, 20.805058, 20.44263 ] }, { "date": "2024-02-09", "close": 21.516927, "volume": 18844, "typical_volume": 24757.25, "trend": 20.121315, "fair_value": 21.510875, "relative_strength": -5.647988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.512177, "energy": 52.706908, "activity_lines": [ 21.385246, 21.364325, 20.916169, 20.536516 ] }, { "date": "2024-02-16", "close": 21.877502, "volume": 9958, "typical_volume": 23797.25, "trend": 20.199528, "fair_value": 21.49328, "relative_strength": -3.517161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.033516, "energy": 61.171301, "activity_lines": [ 21.548328, 21.479058, 21.052799, 20.649818 ] }, { "date": "2024-02-23", "close": 22.589021, "volume": 45453, "typical_volume": 24230.05, "trend": 20.27407, "fair_value": 21.484725, "relative_strength": -1.791766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.7024, "energy": 70.672827, "activity_lines": [ 21.927486, 21.695031, 21.246311, 20.803979 ] }, { "date": "2024-03-01", "close": 22.611145, "volume": 37341, "typical_volume": 25276.95, "trend": 20.370977, "fair_value": 21.472212, "relative_strength": -2.394467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.726819, "energy": 88.126052, "activity_lines": [ 22.215422, 21.884962, 21.425857, 20.954758 ] }, { "date": "2024-03-08", "close": 22.637019, "volume": 41789, "typical_volume": 25251.35, "trend": 20.481522, "fair_value": 21.458806, "relative_strength": -1.806295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.985104, "energy": 90.106027, "activity_lines": [ 22.444578, 22.055404, 21.592072, 21.100955 ] }, { "date": "2024-03-15", "close": 21.965535, "volume": 15188, "typical_volume": 24359.75, "trend": 20.5855, "fair_value": 21.442089, "relative_strength": -4.443705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.257845, "energy": 81.965983, "activity_lines": [ 22.350982, 22.08081, 21.67653, 21.196697 ] }, { "date": "2024-03-22", "close": 21.954361, "volume": 17591, "typical_volume": 24342.15, "trend": 20.679927, "fair_value": 21.424108, "relative_strength": -6.337213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.692464, "energy": 58.376929, "activity_lines": [ 22.223754, 22.097575, 21.745427, 21.285011 ] }, { "date": "2024-03-29", "close": 21.972519, "volume": 11907, "typical_volume": 24285.8, "trend": 20.768036, "fair_value": 21.404552, "relative_strength": -6.37132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.119207, "energy": 42.603173, "activity_lines": [ 22.097455, 22.110491, 21.805329, 21.368404 ] }, { "date": "2024-04-05", "close": 22.60244, "volume": 19060, "typical_volume": 23710.2, "trend": 20.880129, "fair_value": 21.389526, "relative_strength": -2.677675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.663334, "energy": 42.836674, "activity_lines": [ 22.22223, 22.222257, 21.913748, 21.486752 ] }, { "date": "2024-04-12", "close": 22.569687, "volume": 38959, "typical_volume": 25019.0, "trend": 20.976714, "fair_value": 21.371967, "relative_strength": -1.201254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.590346, "energy": 47.698417, "activity_lines": [ 22.336667, 22.309843, 22.007494, 21.595756 ] }, { "date": "2024-04-19", "close": 22.73802, "volume": 12656, "typical_volume": 24308.9, "trend": 21.079163, "fair_value": 21.355487, "relative_strength": 2.760283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.146723, "energy": 54.45324, "activity_lines": [ 22.511704, 22.402281, 22.106361, 21.709389 ] }, { "date": "2024-04-26", "close": 22.427258, "volume": 20518, "typical_volume": 24055.55, "trend": 21.173665, "fair_value": 21.339675, "relative_strength": -1.132555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.274022, "energy": 51.260518, "activity_lines": [ 22.531655, 22.416014, 22.166186, 21.796363 ] }, { "date": "2024-05-03", "close": 22.980026, "volume": 29620, "typical_volume": 23558.45, "trend": 21.29921, "fair_value": 21.321327, "relative_strength": 0.819061, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.668852, "energy": 61.512286, "activity_lines": [ 22.704336, 22.520255, 22.26867, 21.912902 ] }, { "date": "2024-05-10", "close": 23.410134, "volume": 23964, "typical_volume": 23715.05, "trend": 21.436408, "fair_value": 21.307874, "relative_strength": 0.910183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.708164, "energy": 76.208968, "activity_lines": [ 22.953218, 22.695588, 22.402382, 22.049091 ] }, { "date": "2024-05-17", "close": 24.097018, "volume": 17777, "typical_volume": 23167.85, "trend": 21.609716, "fair_value": 21.300694, "relative_strength": 2.209944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.00129, "energy": 88.941253, "activity_lines": [ 23.377216, 22.981282, 22.59137, 22.220743 ] }, { "date": "2024-05-24", "close": 24.021433, "volume": 17231, "typical_volume": 23171.15, "trend": 21.779725, "fair_value": 21.288621, "relative_strength": 1.882438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.917902, "energy": 91.697296, "activity_lines": [ 23.674197, 23.226688, 22.760197, 22.376338 ] }, { "date": "2024-05-31", "close": 23.734989, "volume": 23877, "typical_volume": 22728.4, "trend": 21.914148, "fair_value": 21.271274, "relative_strength": 1.056688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.170316, "energy": 85.591172, "activity_lines": [ 23.790135, 23.382634, 22.890223, 22.502484 ] }, { "date": "2024-06-07", "close": 23.40949, "volume": 26329, "typical_volume": 23254.85, "trend": 22.042372, "fair_value": 21.253578, "relative_strength": -1.498756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.171772, "energy": 71.37532, "activity_lines": [ 23.710392, 23.447022, 22.978896, 22.598957 ] }, { "date": "2024-06-14", "close": 22.82636, "volume": 24681, "typical_volume": 23680.2, "trend": 22.130723, "fair_value": 21.237109, "relative_strength": -5.381421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.092243, "energy": 47.138432, "activity_lines": [ 23.407641, 23.379261, 23.001084, 22.649537 ] }, { "date": "2024-06-21", "close": 23.145892, "volume": 18309, "typical_volume": 23552.6, "trend": 22.226296, "fair_value": 21.219736, "relative_strength": -4.594403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.257204, "energy": 29.285847, "activity_lines": [ 23.250319, 23.365524, 23.047864, 22.715032 ] }, { "date": "2024-06-28", "close": 22.812776, "volume": 17370, "typical_volume": 23478.9, "trend": 22.29491, "fair_value": 21.202375, "relative_strength": -5.851034, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.919613, "energy": 24.886676, "activity_lines": [ 23.045366, 23.280745, 23.053429, 22.752869 ] }, { "date": "2024-07-05", "close": 23.161666, "volume": 10052, "typical_volume": 23483.6, "trend": 22.389284, "fair_value": 21.187346, "relative_strength": -6.114166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.588047, "energy": 24.463746, "activity_lines": [ 23.037288, 23.258041, 23.086052, 22.808789 ] }, { "date": "2024-07-12", "close": 23.179521, "volume": 12947, "typical_volume": 21858.3, "trend": 22.464084, "fair_value": 21.172498, "relative_strength": -6.813119, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.996324, "energy": 18.941856, "activity_lines": [ 23.073383, 23.225231, 23.11426, 22.859772 ] }, { "date": "2024-07-19", "close": 22.646351, "volume": 25069, "typical_volume": 21244.7, "trend": 22.509612, "fair_value": 21.156864, "relative_strength": -7.029734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.047273, "energy": 13.827481, "activity_lines": [ 22.947085, 23.091853, 23.088877, 22.871531 ] }, { "date": "2024-07-26", "close": 22.371909, "volume": 345891, "typical_volume": 36449.8, "trend": 22.542847, "fair_value": 21.140954, "relative_strength": -7.224858, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.406963, "energy": 14.241633, "activity_lines": [ 22.741308, 22.922464, 23.03719, 22.862647 ] }, { "date": "2024-08-02", "close": 22.135857, "volume": 23140, "typical_volume": 36847.4, "trend": 22.56064, "fair_value": 21.123034, "relative_strength": -6.086195, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.166315, "energy": 33.286648, "activity_lines": [ 22.508445, 22.741522, 22.964284, 22.83639 ] }, { "date": "2024-08-09", "close": 22.006831, "volume": 28775, "typical_volume": 37406.6, "trend": 22.5755, "fair_value": 21.103473, "relative_strength": -6.5407, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.241603, "energy": 50.84513, "activity_lines": [ 22.277702, 22.571404, 22.878279, 22.80066 ] }, { "date": "2024-08-16", "close": 22.723691, "volume": 31368, "typical_volume": 38379.65, "trend": 22.629288, "fair_value": 21.09312, "relative_strength": -7.0953, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.074417, "energy": 45.271071, "activity_lines": [ 22.362901, 22.563045, 22.860296, 22.810221 ] }, { "date": "2024-08-23", "close": 23.043782, "volume": 35866, "typical_volume": 39219.95, "trend": 22.67741, "fair_value": 21.078442, "relative_strength": -6.972445, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.779788, "energy": 15.155901, "activity_lines": [ 22.585186, 22.625353, 22.869222, 22.836963 ] }, { "date": "2024-08-30", "close": 22.850291, "volume": 19615, "typical_volume": 38252.75, "trend": 22.733982, "fair_value": 21.057755, "relative_strength": -7.890434, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.162056, "energy": 4.018543, "activity_lines": [ 22.716478, 22.648528, 22.857617, 22.848116 ] }, { "date": "2024-09-06", "close": 22.13886, "volume": 20254, "typical_volume": 38632.65, "trend": 22.754713, "fair_value": 21.034554, "relative_strength": -6.791944, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.787367, "energy": 14.797678, "activity_lines": [ 22.578735, 22.547727, 22.776922, 22.809721 ] }, { "date": "2024-09-13", "close": 21.963262, "volume": 52621, "typical_volume": 40237.8, "trend": 22.757571, "fair_value": 21.016369, "relative_strength": -10.869, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -38.215556, "energy": 23.636624, "activity_lines": [ 22.382259, 22.427252, 22.682356, 22.75866 ] }, { "date": "2024-09-20", "close": 22.407899, "volume": 29041, "typical_volume": 40208.85, "trend": 22.751534, "fair_value": 20.99885, "relative_strength": -10.068286, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.512904, "energy": 41.849452, "activity_lines": [ 22.336899, 22.409409, 22.632345, 22.7361 ] }, { "date": "2024-09-27", "close": 23.968146, "volume": 69174, "typical_volume": 42469.35, "trend": 22.796767, "fair_value": 20.990514, "relative_strength": -4.158753, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.193158, "energy": 11.102372, "activity_lines": [ 22.832675, 22.689276, 22.733654, 22.814591 ] }, { "date": "2024-10-04", "close": 24.36522, "volume": 29956, "typical_volume": 43078.3, "trend": 22.854374, "fair_value": 20.984717, "relative_strength": -2.707435, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.17832, "energy": 56.828904, "activity_lines": [ 23.399184, 23.017307, 22.870123, 22.915782 ] }, { "date": "2024-10-11", "close": 23.286473, "volume": 25808, "typical_volume": 43507.15, "trend": 22.898405, "fair_value": 20.971868, "relative_strength": -7.865378, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.960552, "energy": 42.982566, "activity_lines": [ 23.505116, 23.112959, 22.902576, 22.943659 ] }, { "date": "2024-10-18", "close": 22.9703, "volume": 34635, "typical_volume": 44045.05, "trend": 22.93227, "fair_value": 20.95974, "relative_strength": -9.648869, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 25.813013, "energy": 32.118871, "activity_lines": [ 23.42915, 23.130206, 22.908418, 22.948298 ] }, { "date": "2024-10-25", "close": 22.662294, "volume": 42627, "typical_volume": 44859.95, "trend": 22.955263, "fair_value": 20.949759, "relative_strength": -9.704137, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.767612, "energy": 20.630483, "activity_lines": [ 23.183378, 23.073933, 22.888567, 22.93088 ] }, { "date": "2024-11-01", "close": 22.304013, "volume": 22792, "typical_volume": 44765.5, "trend": 22.945315, "fair_value": 20.938278, "relative_strength": -9.610719, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.098263, "energy": 17.63886, "activity_lines": [ 22.80122, 22.953635, 22.838152, 22.888864 ] }, { "date": "2024-11-08", "close": 22.444683, "volume": 30043, "typical_volume": 45352.2, "trend": 22.941148, "fair_value": 20.925414, "relative_strength": -12.878974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.223818, "energy": 30.491967, "activity_lines": [ 22.576895, 22.872364, 22.803622, 22.856565 ] }, { "date": "2024-11-15", "close": 22.000151, "volume": 42892, "typical_volume": 46628.3, "trend": 22.916553, "fair_value": 20.913993, "relative_strength": -12.485876, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.448387, "energy": 43.612289, "activity_lines": [ 22.332428, 22.717643, 22.730094, 22.795855 ] }, { "date": "2024-11-22", "close": 21.933426, "volume": 34539, "typical_volume": 47852.65, "trend": 22.900091, "fair_value": 20.906574, "relative_strength": -13.860428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.771766, "energy": 59.595162, "activity_lines": [ 22.151474, 22.553312, 22.654081, 22.732428 ] }, { "date": "2024-11-29", "close": 22.090609, "volume": 26253, "typical_volume": 48517.95, "trend": 22.870444, "fair_value": 20.896453, "relative_strength": -13.902139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.185232, "energy": 59.293574, "activity_lines": [ 22.092039, 22.418103, 22.598887, 22.680203 ] }, { "date": "2024-12-06", "close": 22.67582, "volume": 52231, "typical_volume": 49876.05, "trend": 22.845967, "fair_value": 20.887152, "relative_strength": -12.089581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.047532, "energy": 40.199094, "activity_lines": [ 22.265787, 22.395065, 22.604613, 22.667647 ] }, { "date": "2024-12-13", "close": 22.818147, "volume": 47491, "typical_volume": 34956.05, "trend": 22.803338, "fair_value": 20.881415, "relative_strength": -10.716837, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.399867, "energy": 17.743955, "activity_lines": [ 22.46219, 22.421401, 22.623753, 22.665852 ] }, { "date": "2024-12-20", "close": 22.347643, "volume": 61132, "typical_volume": 36855.65, "trend": 22.747545, "fair_value": 20.868475, "relative_strength": -10.610259, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.033821, "energy": 15.106029, "activity_lines": [ 22.47686, 22.390319, 22.595958, 22.636452 ] }, { "date": "2024-12-27", "close": 22.324871, "volume": 30628, "typical_volume": 36948.3, "trend": 22.700541, "fair_value": 20.856593, "relative_strength": -10.95565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.503731, "energy": 17.480499, "activity_lines": [ 22.460774, 22.372167, 22.564986, 22.609183 ] }, { "date": "2025-01-03", "close": 22.314631, "volume": 24148, "typical_volume": 36587.3, "trend": 22.664046, "fair_value": 20.842805, "relative_strength": -10.164899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.125995, "energy": 16.018148, "activity_lines": [ 22.415179, 22.363888, 22.531524, 22.584285 ] }, { "date": "2025-01-10", "close": 21.906707, "volume": 40575, "typical_volume": 36822.75, "trend": 22.633391, "fair_value": 20.824988, "relative_strength": -9.732062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.65943, "energy": 45.330016, "activity_lines": [ 22.218674, 22.287762, 22.461161, 22.535425 ] }, { "date": "2025-01-17", "close": 22.530048, "volume": 72699, "typical_volume": 39476.95, "trend": 22.612863, "fair_value": 20.810741, "relative_strength": -9.543243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.202335, "energy": 31.596546, "activity_lines": [ 22.281223, 22.332194, 22.455577, 22.528758 ] }, { "date": "2025-01-24", "close": 23.186181, "volume": 38323, "typical_volume": 40380.4, "trend": 22.625309, "fair_value": 20.807211, "relative_strength": -8.214072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.825778, "energy": 6.211071, "activity_lines": [ 22.58169, 22.494372, 22.514008, 22.565746 ] }, { "date": "2025-01-31", "close": 23.191816, "volume": 48744, "typical_volume": 40186.55, "trend": 22.626314, "fair_value": 20.799639, "relative_strength": -7.046981, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.492643, "energy": 25.335363, "activity_lines": [ 22.828133, 22.63601, 22.567988, 22.602295 ] }, { "date": "2025-02-07", "close": 23.0882, "volume": 26539, "typical_volume": 40061.45, "trend": 22.62327, "fair_value": 20.784871, "relative_strength": -7.082879, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.877925, "energy": 36.872912, "activity_lines": [ 22.982241, 22.735928, 22.606249, 22.632094 ] }, { "date": "2025-02-14", "close": 23.855515, "volume": 41555, "typical_volume": 38680.5, "trend": 22.663576, "fair_value": 20.775703, "relative_strength": -5.170294, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.91147, "energy": 75.3672, "activity_lines": [ 23.340549, 22.957221, 22.714349, 22.711593 ] }, { "date": "2025-02-21", "close": 23.934383, "volume": 27402, "typical_volume": 38552.8, "trend": 22.715658, "fair_value": 20.775676, "relative_strength": -3.076077, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.461987, "energy": 80.837473, "activity_lines": [ 23.595226, 23.171404, 22.830496, 22.793581 ] }, { "date": "2025-02-28", "close": 23.22104, "volume": 104945, "typical_volume": 42509.65, "trend": 22.751831, "fair_value": 20.781647, "relative_strength": -4.805343, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.516087, "energy": 67.851122, "activity_lines": [ 23.5185, 23.235593, 22.880758, 22.826186 ] }, { "date": "2025-03-07", "close": 23.894076, "volume": 41253, "typical_volume": 42840.55, "trend": 22.814739, "fair_value": 20.798832, "relative_strength": 1.216671, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.287757, "energy": 71.98887, "activity_lines": [ 23.663795, 23.406272, 22.995429, 22.89988 ] }, { "date": "2025-03-14", "close": 24.515907, "volume": 75583, "typical_volume": 44488.35, "trend": 22.87448, "fair_value": 20.814109, "relative_strength": 6.266889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.350513, "energy": 75.445271, "activity_lines": [ 23.969549, 23.661481, 23.164924, 23.009632 ] }, { "date": "2025-03-21", "close": 24.08408, "volume": 324849, "typical_volume": 59591.2, "trend": 22.909156, "fair_value": 20.821444, "relative_strength": 3.863963, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.360903, "energy": 55.787577, "activity_lines": [ 24.036181, 23.798152, 23.284465, 23.087671 ] }, { "date": "2025-03-28", "close": 24.176981, "volume": 37530, "typical_volume": 59965.55, "trend": 22.953379, "fair_value": 20.822844, "relative_strength": 5.77777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.543912, "energy": 67.582933, "activity_lines": [ 24.118543, 23.912126, 23.404378, 23.169466 ] }, { "date": "2025-04-04", "close": 22.962386, "volume": 47013, "typical_volume": 60171.6, "trend": 22.98083, "fair_value": 20.819478, "relative_strength": 10.413913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.332731, "energy": 35.09951, "activity_lines": [ 23.779866, 23.77532, 23.400366, 23.170047 ] }, { "date": "2025-04-11", "close": 23.40981, "volume": 54735, "typical_volume": 61181.4, "trend": 23.029049, "fair_value": 20.822448, "relative_strength": 6.567941, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.726668, "energy": 20.675015, "activity_lines": [ 23.607574, 23.723934, 23.434384, 23.197723 ] }, { "date": "2025-04-18", "close": 23.846536, "volume": 26628, "typical_volume": 61200.15, "trend": 23.077003, "fair_value": 20.83661, "relative_strength": 10.17083, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.986809, "energy": 20.393131, "activity_lines": [ 23.613141, 23.747988, 23.502964, 23.250464 ] }, { "date": "2025-04-25", "close": 24.601376, "volume": 29311, "typical_volume": 60054.15, "trend": 23.098111, "fair_value": 20.856478, "relative_strength": 8.657247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.98079, "energy": 31.454297, "activity_lines": [ 23.914947, 23.895498, 23.635073, 23.348811 ] }, { "date": "2025-05-02", "close": 24.850425, "volume": 23027, "typical_volume": 58830.95, "trend": 23.114284, "fair_value": 20.883585, "relative_strength": 6.718783, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.016315, "energy": 54.59009, "activity_lines": [ 24.265283, 24.074728, 23.781731, 23.461864 ] }, { "date": "2025-05-09", "close": 24.799499, "volume": 28315, "typical_volume": 57190.1, "trend": 23.164718, "fair_value": 20.910857, "relative_strength": 7.035592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.135223, "energy": 69.874194, "activity_lines": [ 24.553747, 24.228044, 23.913861, 23.570587 ] }, { "date": "2025-05-16", "close": 25.189267, "volume": 17144, "typical_volume": 56515.9, "trend": 23.238684, "fair_value": 20.936615, "relative_strength": 3.433727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.0275, "energy": 79.480874, "activity_lines": [ 24.84966, 24.423528, 24.071436, 23.701203 ] }, { "date": "2025-05-23", "close": 25.046959, "volume": 21748, "typical_volume": 56395.9, "trend": 23.318173, "fair_value": 20.95986, "relative_strength": 5.663035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.914515, "energy": 76.365983, "activity_lines": [ 24.979506, 24.569588, 24.201819, 23.817866 ] }, { "date": "2025-05-30", "close": 24.7299, "volume": 13859, "typical_volume": 55060.1, "trend": 23.399036, "fair_value": 20.979709, "relative_strength": 2.680461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.164853, "energy": 66.47568, "activity_lines": [ 24.923637, 24.648346, 24.288994, 23.908945 ] }, { "date": "2025-06-06", "close": 25.037976, "volume": 14748, "typical_volume": 52162.55, "trend": 23.485479, "fair_value": 21.007998, "relative_strength": 2.393317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.396993, "energy": 57.205768, "activity_lines": [ 24.961893, 24.771375, 24.392066, 24.014683 ] }, { "date": "2025-06-13", "close": 25.309022, "volume": 34501, "typical_volume": 51971.45, "trend": 23.595775, "fair_value": 21.044584, "relative_strength": 3.882306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.128775, "energy": 53.843086, "activity_lines": [ 25.077993, 24.928031, 24.50901, 24.132331 ] }, { "date": "2025-06-20", "close": 25.133316, "volume": 14227, "typical_volume": 50245.6, "trend": 23.702438, "fair_value": 21.081292, "relative_strength": 3.363195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.257477, "energy": 49.434987, "activity_lines": [ 25.101557, 25.010075, 24.599111, 24.231527 ] }, { "date": "2025-06-27", "close": 25.808182, "volume": 26749, "typical_volume": 50256.1, "trend": 23.826357, "fair_value": 21.122745, "relative_strength": 2.600323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.262634, "energy": 64.811869, "activity_lines": [ 25.353806, 25.183485, 24.744239, 24.367382 ] }, { "date": "2025-07-04", "close": 26.2954, "volume": 19391, "typical_volume": 49147.9, "trend": 23.947009, "fair_value": 21.168643, "relative_strength": 2.804749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.043064, "energy": 89.476516, "activity_lines": [ 25.717713, 25.409813, 24.922817, 24.526675 ] }, { "date": "2025-07-11", "close": 26.020699, "volume": 22186, "typical_volume": 48887.1, "trend": 24.053761, "fair_value": 21.218965, "relative_strength": 2.020076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.896849, "energy": 89.559553, "activity_lines": [ 25.885686, 25.555396, 25.063614, 24.660462 ] }, { "date": "2025-07-18", "close": 26.047835, "volume": 16189, "typical_volume": 44449.3, "trend": 24.177101, "fair_value": 21.26769, "relative_strength": 1.494379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.941059, "energy": 88.798389, "activity_lines": [ 25.99719, 25.684635, 25.197061, 24.789111 ] }, { "date": "2025-07-25", "close": 26.460888, "volume": 20278, "typical_volume": 43400.55, "trend": 24.314968, "fair_value": 21.315968, "relative_strength": 1.566459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.162898, "energy": 92.949712, "activity_lines": [ 26.197124, 25.866277, 25.356386, 24.936453 ] }, { "date": "2025-08-01", "close": 26.051454, "volume": 42689, "typical_volume": 41755.85, "trend": 24.439529, "fair_value": 21.363231, "relative_strength": 2.4759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.040154, "energy": 79.364825, "activity_lines": [ 26.172075, 25.950356, 25.464494, 25.048484 ] }, { "date": "2025-08-08", "close": 26.891831, "volume": 19692, "typical_volume": 26498.0, "trend": 24.6057, "fair_value": 21.411875, "relative_strength": 3.195493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.948666, "energy": 72.632623, "activity_lines": [ 26.410934, 26.168968, 25.645325, 25.206697 ] }, { "date": "2025-08-15", "close": 27.025764, "volume": 48539, "typical_volume": 27048.45, "trend": 24.755557, "fair_value": 21.465061, "relative_strength": 2.676417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.873416, "energy": 72.319163, "activity_lines": [ 26.654674, 26.372623, 25.825542, 25.36283 ] }, { "date": "2025-08-22", "close": 27.316111, "volume": 14750, "typical_volume": 25435.3, "trend": 24.893221, "fair_value": 21.51871, "relative_strength": 3.438544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.915761, "energy": 72.432523, "activity_lines": [ 26.928193, 26.592927, 26.019845, 25.528027 ] }, { "date": "2025-08-29", "close": 26.853564, "volume": 25203, "typical_volume": 23958.7, "trend": 25.015279, "fair_value": 21.573432, "relative_strength": 1.699851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.179285, "energy": 66.347027, "activity_lines": [ 26.962978, 26.692639, 26.149365, 25.654501 ] }, { "date": "2025-09-05", "close": 27.117595, "volume": 9556, "typical_volume": 23105.1, "trend": 25.149593, "fair_value": 21.627225, "relative_strength": 2.332214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.242631, "energy": 66.115031, "activity_lines": [ 27.059595, 26.80908, 26.287631, 25.790134 ] }, { "date": "2025-09-12", "close": 27.340188, "volume": 27850, "typical_volume": 23032.05, "trend": 25.265748, "fair_value": 21.686774, "relative_strength": 1.479752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.473338, "energy": 67.413563, "activity_lines": [ 27.159333, 26.942184, 26.43152, 25.931463 ] }, { "date": "2025-09-19", "close": 27.371809, "volume": 18502, "typical_volume": 22805.8, "trend": 25.380329, "fair_value": 21.751005, "relative_strength": 0.294935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.76621, "energy": 64.677226, "activity_lines": [ 27.239721, 27.062041, 26.565378, 26.067338 ] }, { "date": "2025-09-26", "close": 26.967373, "volume": 90817, "typical_volume": 25930.9, "trend": 25.505207, "fair_value": 21.815927, "relative_strength": -0.827365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.442639, "energy": 57.692049, "activity_lines": [ 27.162228, 27.083799, 26.648713, 26.169728 ] }, { "date": "2025-10-03", "close": 26.882699, "volume": 45901, "typical_volume": 27368.75, "trend": 25.604828, "fair_value": 21.87694, "relative_strength": -2.099058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.935478, "energy": 50.329605, "activity_lines": [ 27.079759, 27.073443, 26.713659, 26.258598 ] }, { "date": "2025-10-10", "close": 26.225704, "volume": 40715, "typical_volume": 28317.1, "trend": 25.661821, "fair_value": 21.936399, "relative_strength": -2.100675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.701171, "energy": 27.019967, "activity_lines": [ 26.776349, 26.935964, 26.707971, 26.298655 ] }, { "date": "2025-10-17", "close": 27.163109, "volume": 34612, "typical_volume": 29354.75, "trend": 25.764455, "fair_value": 21.998017, "relative_strength": -0.388755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.373822, "energy": 25.535756, "activity_lines": [ 26.844868, 26.965754, 26.785947, 26.395512 ] }, { "date": "2025-10-24", "close": 28.060345, "volume": 66137, "typical_volume": 31924.2, "trend": 25.893901, "fair_value": 22.069256, "relative_strength": 0.861528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.250391, "energy": 45.950987, "activity_lines": [ 27.22427, 27.153746, 26.937787, 26.543634 ] }, { "date": "2025-10-31", "close": 28.343556, "volume": 16119, "typical_volume": 31005.1, "trend": 26.073273, "fair_value": 22.136687, "relative_strength": 1.06527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.612326, "energy": 59.085263, "activity_lines": [ 27.652173, 27.37442, 27.102207, 26.701676 ] }, { "date": "2025-11-07", "close": 28.879735, "volume": 51022, "typical_volume": 32844.85, "trend": 26.255604, "fair_value": 22.201804, "relative_strength": 4.431714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.9007, "energy": 92.245824, "activity_lines": [ 28.167057, 27.6739, 27.303242, 26.882738 ] }, { "date": "2025-11-14", "close": 29.503149, "volume": 40442, "typical_volume": 33529.5, "trend": 26.444158, "fair_value": 22.273641, "relative_strength": 6.241418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.480722, "energy": 95.706064, "activity_lines": [ 28.75661, 28.049888, 27.545809, 27.092257 ] }, { "date": "2025-11-21", "close": 28.896416, "volume": 43095, "typical_volume": 34714.7, "trend": 26.587326, "fair_value": 22.339019, "relative_strength": 5.770056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.990669, "energy": 87.942218, "activity_lines": [ 28.925423, 28.272188, 27.712997, 27.250468 ] }, { "date": "2025-11-28", "close": 29.143726, "volume": 47021, "typical_volume": 35956.45, "trend": 26.730436, "fair_value": 22.403304, "relative_strength": 2.609054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.124502, "energy": 88.532952, "activity_lines": [ 29.061118, 28.511159, 27.891353, 27.415397 ] }, { "date": "2025-12-05", "close": 29.15066, "volume": 58833, "typical_volume": 38088.65, "trend": 26.875474, "fair_value": 22.467429, "relative_strength": 2.064705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.513269, "energy": 79.853763, "activity_lines": [ 29.126899, 28.719173, 28.055497, 27.57154 ] }, { "date": "2025-12-12", "close": 29.020996, "volume": 37343, "typical_volume": 38941.9, "trend": 27.003199, "fair_value": 22.532246, "relative_strength": 1.991838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.872855, "energy": 63.024496, "activity_lines": [ 29.095652, 28.863916, 28.192518, 27.709961 ] }, { "date": "2025-12-19", "close": 28.85178, "volume": 44012, "typical_volume": 39008.05, "trend": 27.130026, "fair_value": 22.595326, "relative_strength": 1.082294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.825457, "energy": 55.417995, "activity_lines": [ 28.998582, 28.939014, 28.301231, 27.829224 ] }, { "date": "2025-12-26", "close": 29.339165, "volume": 27402, "typical_volume": 39393.55, "trend": 27.283668, "fair_value": 22.661782, "relative_strength": 1.131875, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.575734, "energy": 56.387094, "activity_lines": [ 29.107399, 29.054981, 28.443027, 27.971749 ] }, { "date": "2026-01-02", "close": 29.755393, "volume": 38612, "typical_volume": 38897.2, "trend": 27.440915, "fair_value": 22.725207, "relative_strength": 3.382313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.215284, "energy": 60.052304, "activity_lines": [ 29.325441, 29.207061, 28.61281, 28.131215 ] }, { "date": "2026-01-09", "close": 30.145051, "volume": 72937, "typical_volume": 41806.55, "trend": 27.602116, "fair_value": 22.788293, "relative_strength": 2.844758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.597973, "energy": 65.238432, "activity_lines": [ 29.632592, 29.399169, 28.806705, 28.305676 ] }, { "date": "2026-01-16", "close": 30.987678, "volume": 39288, "typical_volume": 42510.8, "trend": 27.797262, "fair_value": 22.854744, "relative_strength": 5.767197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.921028, "energy": 91.512937, "activity_lines": [ 30.154326, 29.711727, 29.067379, 28.524099 ] }, { "date": "2026-01-23", "close": 32.019557, "volume": 43546, "typical_volume": 44210.3, "trend": 28.004308, "fair_value": 22.926533, "relative_strength": 9.283891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.456282, "energy": 97.209982, "activity_lines": [ 30.888907, 30.173574, 29.406641, 28.796505 ] }, { "date": "2026-01-30", "close": 31.832165, "volume": 126610, "typical_volume": 49148.3, "trend": 28.188866, "fair_value": 23.001723, "relative_strength": 7.871797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.247055, "energy": 93.787559, "activity_lines": [ 31.349839, 30.555596, 29.704714, 29.043464 ] }, { "date": "2026-02-06", "close": 32.247954, "volume": 32238, "typical_volume": 49835.1, "trend": 28.396442, "fair_value": 23.08135, "relative_strength": 9.109995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.984003, "energy": 93.94082, "activity_lines": [ 31.783167, 30.959839, 30.020995, 29.30534 ] }, { "date": "2026-02-13", "close": 32.346241, "volume": 49289, "typical_volume": 47758.7, "trend": 28.606389, "fair_value": 23.161885, "relative_strength": 10.476205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.178195, "energy": 91.37961, "activity_lines": [ 32.083087, 31.325512, 30.323417, 29.560166 ] }, { "date": "2026-02-20", "close": 32.978915, "volume": 49053, "typical_volume": 47916.3, "trend": 28.823656, "fair_value": 23.248531, "relative_strength": 11.010833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.371337, "energy": 88.611373, "activity_lines": [ 32.447153, 31.748115, 30.660479, 29.842265 ] }, { "date": "2026-02-27", "close": 33.029336, "volume": 48763, "typical_volume": 48318.7, "trend": 29.056252, "fair_value": 23.331767, "relative_strength": 11.310371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.03558, "energy": 84.006563, "activity_lines": [ 32.695276, 32.107923, 30.973315, 30.113599 ] }, { "date": "2026-03-06", "close": 31.400519, "volume": 70194, "typical_volume": 50097.8, "trend": 29.206542, "fair_value": 23.410075, "relative_strength": 7.73679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.789769, "energy": 65.03059, "activity_lines": [ 32.333141, 32.095628, 31.098627, 30.264842 ] }, { "date": "2026-03-13", "close": 30.659884, "volume": 101847, "typical_volume": 51883.3, "trend": 29.327679, "fair_value": 23.487099, "relative_strength": 6.693025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.500147, "energy": 46.192145, "activity_lines": [ 31.752905, 31.911192, 31.133223, 30.358606 ] }, { "date": "2026-03-20", "close": 30.315676, "volume": 28152, "typical_volume": 52484.95, "trend": 29.427665, "fair_value": 23.561061, "relative_strength": 7.260998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.307695, "energy": 25.827689, "activity_lines": [ 31.163804, 31.647728, 31.12266, 30.422348 ] }, { "date": "2026-03-27", "close": 30.980697, "volume": 37634, "typical_volume": 51815.55, "trend": 29.565236, "fair_value": 23.636673, "relative_strength": 11.877662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.659386, "energy": 28.377892, "activity_lines": [ 30.931748, 31.502074, 31.16604, 30.522543 ] }, { "date": "2026-04-03", "close": 32.002364, "volume": 49056, "typical_volume": 52246.25, "trend": 29.728061, "fair_value": 23.719963, "relative_strength": 11.597097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.466484, "energy": 27.017654, "activity_lines": [ 31.173462, 31.542305, 31.296718, 30.679777 ] }, { "date": "2026-04-10", "close": 33.176243, "volume": 73861, "typical_volume": 53784.55, "trend": 29.922597, "fair_value": 23.806714, "relative_strength": 11.447516, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.514606, "energy": 36.443742, "activity_lines": [ 31.874933, 31.796281, 31.527293, 30.902241 ] }, { "date": "2026-04-17", "close": 33.611695, "volume": 37983, "typical_volume": 53332.65, "trend": 30.130593, "fair_value": 23.898413, "relative_strength": 7.960665, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 74.280067, "energy": 53.084888, "activity_lines": [ 32.603174, 32.104992, 31.778959, 31.140247 ] }, { "date": "2026-04-24", "close": 32.681997, "volume": 30366, "typical_volume": 51909.3, "trend": 30.32108, "fair_value": 23.984297, "relative_strength": 4.38888, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.392217, "energy": 64.588645, "activity_lines": [ 32.824728, 32.219872, 31.920807, 31.304854 ] }, { "date": "2026-05-01", "close": 32.244958, "volume": 25412, "typical_volume": 51312.75, "trend": 30.499822, "fair_value": 24.066908, "relative_strength": 2.016307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.624728, "energy": 62.613994, "activity_lines": [ 32.742848, 32.249186, 32.004215, 31.428975 ] }, { "date": "2026-05-08", "close": 32.6797, "volume": 17782, "typical_volume": 50001.25, "trend": 30.714955, "fair_value": 24.154291, "relative_strength": 1.019448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.899285, "energy": 49.628762, "activity_lines": [ 32.721597, 32.370888, 32.113676, 31.569612 ] }, { "date": "2026-05-15", "close": 31.822407, "volume": 24207, "typical_volume": 49841.5, "trend": 30.870265, "fair_value": 24.236218, "relative_strength": -1.844352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.580168, "energy": 27.01303, "activity_lines": [ 32.369427, 32.343076, 32.123262, 31.641061 ] }, { "date": "2026-05-22", "close": 32.380195, "volume": 19802, "typical_volume": 48901.0, "trend": 31.01426, "fair_value": 24.32391, "relative_strength": -0.97657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.856735, "energy": 19.132507, "activity_lines": [ 32.293441, 32.409009, 32.174145, 31.738475 ] }, { "date": "2026-05-29", "close": 32.495297, "volume": 12072, "typical_volume": 45857.75, "trend": 31.152652, "fair_value": 24.410901, "relative_strength": -2.07074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.453142, "energy": 19.613467, "activity_lines": [ 32.337923, 32.464592, 32.223491, 31.834026 ] }, { "date": "2026-06-05", "close": 31.59618, "volume": 15315, "typical_volume": 44659.1, "trend": 31.2432, "fair_value": 24.489915, "relative_strength": -2.360851, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.416126, "energy": 13.666149, "activity_lines": [ 32.095146, 32.317069, 32.176015, 31.862641 ] }, { "date": "2026-06-12", "close": 32.479073, "volume": 18679, "typical_volume": 43415.75, "trend": 31.342397, "fair_value": 24.572533, "relative_strength": -0.240491, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.037847, "energy": 16.354889, "activity_lines": [ 32.189918, 32.318882, 32.209727, 31.942375 ] }, { "date": "2026-06-19", "close": 32.450297, "volume": 19324, "typical_volume": 38051.45, "trend": 31.46086, "fair_value": 24.65913, "relative_strength": -1.276697, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.302757, "energy": 16.613485, "activity_lines": [ 32.288474, 32.306795, 32.23851, 32.013852 ] }, { "date": "2026-06-26", "close": 31.903555, "volume": 16768, "typical_volume": 37277.95, "trend": 31.552854, "fair_value": 24.741605, "relative_strength": -0.634471, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.07294, "energy": 9.01074, "activity_lines": [ 32.162923, 32.208499, 32.212279, 32.042413 ] }, { "date": "2026-07-03", "close": 31.733484, "volume": 14262, "typical_volume": 35526.6, "trend": 31.638948, "fair_value": 24.822912, "relative_strength": -3.263517, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.32924, "energy": 5.646913, "activity_lines": [ 32.012457, 32.110339, 32.171491, 32.054067 ] }, { "date": "2026-07-10", "close": 32.595835, "volume": 13106, "typical_volume": 33729.25, "trend": 31.75811, "fair_value": 24.905397, "relative_strength": -2.015622, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.14816, "energy": 14.886476, "activity_lines": [ 32.20023, 32.186215, 32.215749, 32.115801 ] }, { "date": "2026-07-17", "close": 32.555106, "volume": 17156, "typical_volume": 32148.9, "trend": 31.881554, "fair_value": 24.988884, "relative_strength": -0.682418, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.776483, "energy": 16.287986, "activity_lines": [ 32.307782, 32.248307, 32.257952, 32.16722 ] }, { "date": "2026-07-24", "close": 32.625011, "volume": 14468, "typical_volume": 29362.6, "trend": 31.991082, "fair_value": 25.067552, "relative_strength": 0.023936, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.05237, "energy": 30.327239, "activity_lines": [ 32.433567, 32.325374, 32.309072, 32.215185 ] }, { "date": "2026-07-31", "close": 33.160053, "volume": 16302, "typical_volume": 25085.35, "trend": 32.104571, "fair_value": 25.153809, "relative_strength": 0.473376, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.115354, "energy": 53.680864, "activity_lines": [ 32.726052, 32.485128, 32.405317, 32.290603 ] }, { "date": "2026-08-07", "close": 33.1171, "volume": 8302, "typical_volume": 24092.85, "trend": 32.203639, "fair_value": 25.242248, "relative_strength": -3.067167, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.467314, "energy": 61.123317, "activity_lines": [ 32.920453, 32.622894, 32.485565, 32.355927 ] } ], "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." } } }