{ "ticker": { "uuid": "e2580a32-7291-4a9d-a82b-aefd907d5753", "symbol": "UGE", "name": "PROSHARES TRUST ULTRA CONSUMER STAPLES", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 51.076, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -11.869, "architecture_energy": 7.042, "architecture_maturity": 21.831, "architecture_confidence": 68.017, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 54.48, "rotation_up": 27.57, "upward_expansion": 39.85, "deceleration": 31.36, "rotation_down": 32.89, "downward_expansion": 39.19 }, "activity_lines": [ 19.29554, 19.273406, 19.157118, 19.196553 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.333333 }, "latest_close": 19.3602, "trend_reference": 19.33706, "distance_from_trend": 0.001197, "trend_direction": "Improving", "fair_value": 17.514806, "distance_from_fair_value": 0.105362, "fair_value_direction": "Improving", "relative_strength": -6.284413, "relative_strength_direction": "Improving", "price_momentum": -0.08344, "excess_performance": -0.209065, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001197, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043403, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.105362, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.001377, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.062844, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007637, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.08344, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.268295, "read": "Demand-led" } ], "volume": { "latest": 159715, "relative_activity": 0.53645, "balance": 1.268295, "dry_up": 0.757054, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.074905, "annualized_volatility": 0.273418, "from_high_reference": -0.127498, "from_low_reference": 0.243218 }, "levels": { "trend_reference": 19.33706, "fair_value_reference": 17.514806, "structural_low": 17.63, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": -0.029242, "positive_rate": 0.368421, "directional_follow_through": 0.368421, "median_excess_return": -0.047499, "regime_survival": 0.578947, "best_return": 0.092128, "worst_return": -0.278873, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.04274, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.052251, "regime_survival": 0.333333, "best_return": 0.124764, "worst_return": -0.212309, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.07541, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.117911, "regime_survival": 0.333333, "best_return": 0.16473, "worst_return": -0.165284, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.101907, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.238345, "regime_survival": 0.0, "best_return": -0.05618, "worst_return": -0.304406, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-28", "tenure": "Developing", "return": -0.036224, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-07-12", "tenure": "New", "return": 3.4e-05, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-10-18", "tenure": "Established", "return": 0.098083, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-12-20", "tenure": "Developing", "return": -0.038861, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": -0.025368, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.037598, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": 0.096394, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.082089, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-09-19", "tenure": "Extended", "return": -0.017192, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2026-01-16", "tenure": "Established", "return": 0.102905, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.118784, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.179827, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-29", "tenure": "Developing", "return": 0.015107, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.038902, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.609023, "volume": 3318, "typical_volume": 27161.05, "trend": 16.477902, "fair_value": 19.321583, "relative_strength": -12.386979, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.268508, "energy": 26.219697, "activity_lines": [ 16.24779, 16.329881, 16.399659, 16.444477 ] }, { "date": "2023-08-25", "close": 15.327469, "volume": 10116, "typical_volume": 27467.45, "trend": 16.447055, "fair_value": 19.324044, "relative_strength": -14.034983, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.156359, "energy": 63.627329, "activity_lines": [ 15.870541, 16.146457, 16.280286, 16.370255 ] }, { "date": "2023-09-01", "close": 15.179774, "volume": 11247, "typical_volume": 18855.6, "trend": 16.391169, "fair_value": 19.328707, "relative_strength": -16.4142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.397116, "energy": 76.554373, "activity_lines": [ 15.547083, 15.954799, 16.154053, 16.288495 ] }, { "date": "2023-09-08", "close": 14.969873, "volume": 7325, "typical_volume": 18905.25, "trend": 16.334985, "fair_value": 19.335071, "relative_strength": -15.851114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.044046, "energy": 83.948458, "activity_lines": [ 15.277989, 15.742091, 16.015461, 16.196799 ] }, { "date": "2023-09-15", "close": 15.152583, "volume": 16267, "typical_volume": 19112.6, "trend": 16.266074, "fair_value": 19.340905, "relative_strength": -14.063487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.995682, "energy": 81.787671, "activity_lines": [ 15.163046, 15.587047, 15.905902, 16.120515 ] }, { "date": "2023-09-22", "close": 14.491489, "volume": 6949, "typical_volume": 19047.1, "trend": 16.205607, "fair_value": 19.345122, "relative_strength": -14.783681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.986539, "energy": 88.482862, "activity_lines": [ 14.910961, 15.32704, 15.74539, 16.006025 ] }, { "date": "2023-09-29", "close": 13.912162, "volume": 23648, "typical_volume": 18876.75, "trend": 16.116258, "fair_value": 19.341534, "relative_strength": -17.154704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.03296, "energy": 94.171426, "activity_lines": [ 14.540269, 14.994392, 15.544408, 15.858061 ] }, { "date": "2023-10-06", "close": 13.042884, "volume": 179801, "typical_volume": 27672.85, "trend": 16.049786, "fair_value": 19.32649, "relative_strength": -22.293993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.079668, "energy": 96.237116, "activity_lines": [ 13.974172, 14.557523, 15.277805, 15.659779 ] }, { "date": "2023-10-13", "close": 13.052139, "volume": 43371, "typical_volume": 27675.45, "trend": 15.972632, "fair_value": 19.310124, "relative_strength": -22.193577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.263323, "energy": 94.272581, "activity_lines": [ 13.553619, 14.195098, 15.030999, 15.466383 ] }, { "date": "2023-10-20", "close": 13.290567, "volume": 51607, "typical_volume": 27147.55, "trend": 15.887632, "fair_value": 19.297799, "relative_strength": -18.46873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.577089, "energy": 89.240886, "activity_lines": [ 13.34039, 13.936323, 14.820339, 15.293346 ] }, { "date": "2023-10-27", "close": 12.945375, "volume": 18908, "typical_volume": 26398.9, "trend": 15.766067, "fair_value": 19.294619, "relative_strength": -18.046726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.623921, "energy": 89.533276, "activity_lines": [ 13.136233, 13.671337, 14.589096, 15.103523 ] }, { "date": "2023-11-03", "close": 13.778111, "volume": 20654, "typical_volume": 25453.15, "trend": 15.663979, "fair_value": 19.286822, "relative_strength": -17.133499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.12684, "energy": 65.734951, "activity_lines": [ 13.312728, 13.606188, 14.450214, 14.975268 ] }, { "date": "2023-11-10", "close": 13.853485, "volume": 20571, "typical_volume": 25754.25, "trend": 15.566346, "fair_value": 19.275389, "relative_strength": -17.357222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.351211, "energy": 57.513134, "activity_lines": [ 13.523284, 13.582913, 14.330766, 14.858462 ] }, { "date": "2023-11-17", "close": 14.025222, "volume": 31927, "typical_volume": 26269.0, "trend": 15.453441, "fair_value": 19.261294, "relative_strength": -17.806101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.666975, "energy": 45.091819, "activity_lines": [ 13.737047, 13.614978, 14.238471, 14.759034 ] }, { "date": "2023-11-24", "close": 14.343127, "volume": 28230, "typical_volume": 27152.55, "trend": 15.342394, "fair_value": 19.242072, "relative_strength": -16.333271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.792373, "energy": 28.858495, "activity_lines": [ 13.991905, 13.722019, 14.187354, 14.687401 ] }, { "date": "2023-12-01", "close": 14.554269, "volume": 55442, "typical_volume": 29148.65, "trend": 15.241559, "fair_value": 19.221027, "relative_strength": -15.268891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.384055, "energy": 28.986836, "activity_lines": [ 14.246973, 13.882167, 14.164189, 14.636554 ] }, { "date": "2023-12-08", "close": 14.225582, "volume": 38905, "typical_volume": 29806.3, "trend": 15.131834, "fair_value": 19.197852, "relative_strength": -16.877346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.991164, "energy": 25.740214, "activity_lines": [ 14.28522, 13.981412, 14.117985, 14.571008 ] }, { "date": "2023-12-15", "close": 14.658265, "volume": 19587, "typical_volume": 30293.7, "trend": 15.053274, "fair_value": 19.170127, "relative_strength": -15.946202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.797748, "energy": 18.209038, "activity_lines": [ 14.437862, 14.153628, 14.125594, 14.540455 ] }, { "date": "2023-12-22", "close": 14.798554, "volume": 19812, "typical_volume": 30755.15, "trend": 15.017414, "fair_value": 19.143914, "relative_strength": -15.56815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.380424, "energy": 16.369917, "activity_lines": [ 14.583616, 14.32198, 14.157928, 14.524021 ] }, { "date": "2023-12-29", "close": 15.106809, "volume": 43789, "typical_volume": 32573.7, "trend": 14.991915, "fair_value": 19.116034, "relative_strength": -13.779828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.912141, "energy": 22.77415, "activity_lines": [ 14.780566, 14.514627, 14.227096, 14.529789 ] }, { "date": "2024-01-05", "close": 15.109784, "volume": 29148, "typical_volume": 33865.2, "trend": 14.972685, "fair_value": 19.077523, "relative_strength": -12.080144, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.564829, "energy": 34.177114, "activity_lines": [ 14.927595, 14.674791, 14.30271, 14.537393 ] }, { "date": "2024-01-12", "close": 15.398174, "volume": 6878, "typical_volume": 33703.3, "trend": 14.940904, "fair_value": 19.047612, "relative_strength": -11.757268, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.137473, "energy": 59.408107, "activity_lines": [ 15.13372, 14.848037, 14.408167, 14.564844 ] }, { "date": "2024-01-19", "close": 15.025523, "volume": 32654, "typical_volume": 34773.65, "trend": 14.904388, "fair_value": 19.012423, "relative_strength": -14.616285, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.175551, "energy": 52.36414, "activity_lines": [ 15.137456, 14.924073, 14.477797, 14.570303 ] }, { "date": "2024-01-26", "close": 15.293662, "volume": 13228, "typical_volume": 35068.8, "trend": 14.870367, "fair_value": 18.98727, "relative_strength": -13.556727, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.824533, "energy": 47.440919, "activity_lines": [ 15.206087, 15.027551, 14.573698, 14.595418 ] }, { "date": "2024-02-02", "close": 15.934165, "volume": 27086, "typical_volume": 35609.75, "trend": 14.868487, "fair_value": 18.954992, "relative_strength": -10.762467, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.694672, "energy": 65.343805, "activity_lines": [ 15.455212, 15.224422, 14.729058, 14.66405 ] }, { "date": "2024-02-09", "close": 15.444143, "volume": 19581, "typical_volume": 36241.35, "trend": 14.840309, "fair_value": 18.921167, "relative_strength": -14.203392, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.637939, "energy": 48.149866, "activity_lines": [ 15.485839, 15.30327, 14.834027, 14.701189 ] }, { "date": "2024-02-16", "close": 15.465065, "volume": 142063, "typical_volume": 42162.1, "trend": 14.793384, "fair_value": 18.892157, "relative_strength": -13.240469, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.535187, "energy": 50.828039, "activity_lines": [ 15.501149, 15.369742, 14.936452, 14.741496 ] }, { "date": "2024-02-23", "close": 16.132343, "volume": 27413, "typical_volume": 34542.7, "trend": 14.762971, "fair_value": 18.87817, "relative_strength": -10.500971, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.525849, "energy": 76.102507, "activity_lines": [ 15.734426, 15.535002, 15.095033, 14.82788 ] }, { "date": "2024-03-01", "close": 15.941267, "volume": 21112, "typical_volume": 33429.75, "trend": 14.748727, "fair_value": 18.864502, "relative_strength": -11.917546, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.328845, "energy": 64.447275, "activity_lines": [ 15.830224, 15.638719, 15.220704, 14.903899 ] }, { "date": "2024-03-08", "close": 16.228409, "volume": 18588, "typical_volume": 31778.8, "trend": 14.742977, "fair_value": 18.841812, "relative_strength": -9.746949, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.566927, "energy": 71.546442, "activity_lines": [ 15.978561, 15.773868, 15.359964, 14.999363 ] }, { "date": "2024-03-15", "close": 16.334072, "volume": 10479, "typical_volume": 31357.35, "trend": 14.767145, "fair_value": 18.821395, "relative_strength": -8.711516, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.121571, "energy": 80.501968, "activity_lines": [ 16.142503, 15.907835, 15.495298, 15.102014 ] }, { "date": "2024-03-22", "close": 16.644882, "volume": 16554, "typical_volume": 31152.35, "trend": 14.811059, "fair_value": 18.801508, "relative_strength": -8.570957, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.121817, "energy": 84.529098, "activity_lines": [ 16.35072, 16.076053, 15.644096, 15.223158 ] }, { "date": "2024-03-29", "close": 16.932667, "volume": 12912, "typical_volume": 30769.4, "trend": 14.869488, "fair_value": 18.781545, "relative_strength": -6.872371, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.486033, "energy": 89.331506, "activity_lines": [ 16.576211, 16.273928, 15.806651, 15.360036 ] }, { "date": "2024-04-05", "close": 16.02324, "volume": 42121, "typical_volume": 31279.1, "trend": 14.904601, "fair_value": 18.75129, "relative_strength": -10.548501, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.153041, "energy": 63.385117, "activity_lines": [ 16.445204, 16.271778, 15.867931, 15.434472 ] }, { "date": "2024-04-12", "close": 15.570401, "volume": 37042, "typical_volume": 31719.7, "trend": 14.918528, "fair_value": 18.71179, "relative_strength": -11.253194, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.808064, "energy": 41.161168, "activity_lines": [ 16.157787, 16.174028, 15.87657, 15.477427 ] }, { "date": "2024-04-19", "close": 15.993038, "volume": 6684, "typical_volume": 29281.8, "trend": 14.96858, "fair_value": 18.676468, "relative_strength": -5.396515, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.246322, "energy": 29.933869, "activity_lines": [ 16.055115, 16.159735, 15.919615, 15.54675 ] }, { "date": "2024-04-26", "close": 16.500894, "volume": 14761, "typical_volume": 28074.6, "trend": 15.054871, "fair_value": 18.646165, "relative_strength": -4.334403, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.175376, "energy": 26.779464, "activity_lines": [ 16.144465, 16.2278, 16.004176, 15.645609 ] }, { "date": "2024-05-03", "close": 16.587268, "volume": 24888, "typical_volume": 28339.65, "trend": 15.173017, "fair_value": 18.613998, "relative_strength": -3.815885, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.986124, "energy": 32.814208, "activity_lines": [ 16.272205, 16.292735, 16.086128, 15.744473 ] }, { "date": "2024-05-10", "close": 17.330103, "volume": 16731, "typical_volume": 28185.6, "trend": 15.315616, "fair_value": 18.593551, "relative_strength": -0.790649, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 80.892471, "energy": 60.2507, "activity_lines": [ 16.670583, 16.484461, 16.229641, 15.88364 ] }, { "date": "2024-05-17", "close": 17.522377, "volume": 33917, "typical_volume": 27692.0, "trend": 15.456676, "fair_value": 18.575998, "relative_strength": -0.858333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.473713, "energy": 80.610164, "activity_lines": [ 17.045928, 16.685893, 16.379411, 16.026012 ] }, { "date": "2024-05-24", "close": 17.002401, "volume": 25699, "typical_volume": 27519.55, "trend": 15.59191, "fair_value": 18.549656, "relative_strength": -3.451981, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.813473, "energy": 75.608058, "activity_lines": [ 17.117817, 16.769258, 16.468156, 16.125736 ] }, { "date": "2024-05-31", "close": 17.060882, "volume": 87229, "typical_volume": 31537.1, "trend": 15.701336, "fair_value": 18.523739, "relative_strength": -2.441818, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.241906, "energy": 72.296987, "activity_lines": [ 17.141908, 16.851104, 16.553459, 16.220508 ] }, { "date": "2024-06-07", "close": 17.245268, "volume": 19343, "typical_volume": 30871.55, "trend": 15.814395, "fair_value": 18.500245, "relative_strength": -2.345937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.269491, "energy": 58.484121, "activity_lines": [ 17.190129, 16.958912, 16.648404, 16.320117 ] }, { "date": "2024-06-14", "close": 16.823594, "volume": 11503, "typical_volume": 30785.3, "trend": 15.907674, "fair_value": 18.480329, "relative_strength": -5.911067, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.259727, "energy": 40.781997, "activity_lines": [ 17.053924, 16.984368, 16.69262, 16.385227 ] }, { "date": "2024-06-21", "close": 17.236323, "volume": 194656, "typical_volume": 39163.8, "trend": 16.004114, "fair_value": 18.452751, "relative_strength": -3.878345, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.254594, "energy": 40.866615, "activity_lines": [ 17.089064, 17.070313, 16.768858, 16.470946 ] }, { "date": "2024-06-28", "close": 16.887648, "volume": 162955, "typical_volume": 46332.5, "trend": 16.081893, "fair_value": 18.42076, "relative_strength": -5.425218, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.359294, "energy": 29.828928, "activity_lines": [ 17.027049, 17.062574, 16.805688, 16.527948 ] }, { "date": "2024-07-05", "close": 17.242238, "volume": 11289, "typical_volume": 39793.8, "trend": 16.182449, "fair_value": 18.392993, "relative_strength": -4.925413, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.981946, "energy": 30.035344, "activity_lines": [ 17.09088, 17.10304, 16.869415, 16.602809 ] }, { "date": "2024-07-12", "close": 17.242817, "volume": 7195, "typical_volume": 38782.9, "trend": 16.2686, "fair_value": 18.366695, "relative_strength": -5.498452, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.899955, "energy": 35.710142, "activity_lines": [ 17.142815, 17.130132, 16.924734, 16.67122 ] }, { "date": "2024-07-19", "close": 17.520754, "volume": 159391, "typical_volume": 45696.85, "trend": 16.35934, "fair_value": 18.33945, "relative_strength": -1.707442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.21277, "energy": 38.910168, "activity_lines": [ 17.287558, 17.195839, 17.001236, 16.752004 ] }, { "date": "2024-07-26", "close": 17.694718, "volume": 310001, "typical_volume": 60267.5, "trend": 16.445604, "fair_value": 18.310204, "relative_strength": 0.414959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.944628, "energy": 50.688341, "activity_lines": [ 17.443812, 17.289709, 17.086784, 16.838157 ] }, { "date": "2024-08-02", "close": 17.970628, "volume": 191602, "typical_volume": 69323.65, "trend": 16.540965, "fair_value": 18.283877, "relative_strength": 4.401705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.841734, "energy": 60.82803, "activity_lines": [ 17.661476, 17.430612, 17.191626, 16.936546 ] }, { "date": "2024-08-09", "close": 17.872833, "volume": 41928, "typical_volume": 70592.35, "trend": 16.623454, "fair_value": 18.252751, "relative_strength": 4.050604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.061664, "energy": 62.978194, "activity_lines": [ 17.774344, 17.536129, 17.279362, 17.022473 ] }, { "date": "2024-08-16", "close": 18.477074, "volume": 190294, "typical_volume": 79461.45, "trend": 16.738506, "fair_value": 18.231364, "relative_strength": 3.612096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.204736, "energy": 72.715114, "activity_lines": [ 18.046585, 17.736746, 17.418797, 17.142061 ] }, { "date": "2024-08-23", "close": 19.07166, "volume": 92965, "typical_volume": 82003.65, "trend": 16.864439, "fair_value": 18.212055, "relative_strength": 5.546857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.052895, "energy": 82.405941, "activity_lines": [ 18.434738, 18.023073, 17.607506, 17.292587 ] }, { "date": "2024-08-30", "close": 19.36823, "volume": 66418, "typical_volume": 83472.45, "trend": 16.978908, "fair_value": 18.19313, "relative_strength": 6.877841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.717451, "energy": 88.181052, "activity_lines": [ 18.818354, 18.322447, 17.809942, 17.454122 ] }, { "date": "2024-09-06", "close": 19.597511, "volume": 164902, "typical_volume": 91383.35, "trend": 17.117354, "fair_value": 18.177698, "relative_strength": 12.662268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.25669, "energy": 90.768977, "activity_lines": [ 19.166829, 18.624748, 18.01613, 17.623064 ] }, { "date": "2024-09-13", "close": 19.974015, "volume": 72788, "typical_volume": 94284.7, "trend": 17.267652, "fair_value": 18.164942, "relative_strength": 10.336931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.182895, "energy": 91.621952, "activity_lines": [ 19.532347, 18.946233, 18.241011, 17.807365 ] }, { "date": "2024-09-20", "close": 19.471334, "volume": 84541, "typical_volume": 97267.35, "trend": 17.378952, "fair_value": 18.150253, "relative_strength": 6.044336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.81469, "energy": 79.414974, "activity_lines": [ 19.590226, 19.126653, 18.40148, 17.949538 ] }, { "date": "2024-09-27", "close": 19.699076, "volume": 58754, "typical_volume": 99368.5, "trend": 17.504212, "fair_value": 18.141025, "relative_strength": 6.585954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.693213, "energy": 66.267634, "activity_lines": [ 19.657734, 19.307962, 18.569904, 18.099224 ] }, { "date": "2024-10-04", "close": 18.923912, "volume": 45758, "typical_volume": 99960.55, "trend": 17.594062, "fair_value": 18.12251, "relative_strength": 1.985442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.621507, "energy": 53.702567, "activity_lines": [ 19.425027, 19.308726, 18.653222, 18.190817 ] }, { "date": "2024-10-11", "close": 18.963716, "volume": 82511, "typical_volume": 102801.15, "trend": 17.681717, "fair_value": 18.0968, "relative_strength": 0.912624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.50859, "energy": 37.711846, "activity_lines": [ 19.235209, 19.294379, 18.733658, 18.279182 ] }, { "date": "2024-10-18", "close": 19.239246, "volume": 31480, "typical_volume": 100013.7, "trend": 17.768196, "fair_value": 18.066322, "relative_strength": 1.445584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.774511, "energy": 32.291904, "activity_lines": [ 19.179488, 19.312072, 18.830994, 18.379668 ] }, { "date": "2024-10-25", "close": 18.653515, "volume": 47462, "typical_volume": 101419.65, "trend": 17.825557, "fair_value": 18.016768, "relative_strength": -0.715764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.411619, "energy": 23.140704, "activity_lines": [ 18.977507, 19.198424, 18.862174, 18.436785 ] }, { "date": "2024-11-01", "close": 18.210053, "volume": 26620, "typical_volume": 102175.5, "trend": 17.898451, "fair_value": 17.950037, "relative_strength": -1.704451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.521725, "energy": 19.624956, "activity_lines": [ 18.682227, 19.000939, 18.844413, 18.461591 ] }, { "date": "2024-11-08", "close": 18.486648, "volume": 82576, "typical_volume": 96571.5, "trend": 17.995659, "fair_value": 17.89903, "relative_strength": -4.686077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.516066, "energy": 19.684297, "activity_lines": [ 18.578414, 18.869409, 18.846392, 18.499539 ] }, { "date": "2024-11-15", "close": 18.110397, "volume": 192302, "typical_volume": 98038.85, "trend": 18.066238, "fair_value": 17.840287, "relative_strength": -4.60805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.672817, "energy": 20.256456, "activity_lines": [ 18.378334, 18.685499, 18.806584, 18.506942 ] }, { "date": "2024-11-22", "close": 18.952966, "volume": 180822, "typical_volume": 106515.5, "trend": 18.147973, "fair_value": 17.79551, "relative_strength": -1.800155, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.230356, "energy": 17.280476, "activity_lines": [ 18.515999, 18.681822, 18.841198, 18.56415 ] }, { "date": "2024-11-29", "close": 19.543733, "volume": 194689, "typical_volume": 115890.2, "trend": 18.246522, "fair_value": 17.760676, "relative_strength": 0.059637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.316892, "energy": 22.297948, "activity_lines": [ 18.869671, 18.804121, 18.923929, 18.654199 ] }, { "date": "2024-12-06", "close": 19.139591, "volume": 49468, "typical_volume": 110394.05, "trend": 18.306839, "fair_value": 17.715246, "relative_strength": -2.866629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.899672, "energy": 24.359934, "activity_lines": [ 19.029282, 18.851624, 18.957214, 18.711817 ] }, { "date": "2024-12-13", "close": 18.933597, "volume": 41917, "typical_volume": 96989.85, "trend": 18.353879, "fair_value": 17.675943, "relative_strength": -3.328546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.025378, "energy": 29.223045, "activity_lines": [ 19.058258, 18.871845, 18.963172, 18.752253 ] }, { "date": "2024-12-20", "close": 17.928615, "volume": 195996, "typical_volume": 97209.55, "trend": 18.384753, "fair_value": 17.617974, "relative_strength": -6.674899, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.302924, "energy": 8.87376, "activity_lines": [ 18.722445, 18.709167, 18.867517, 18.724816 ] }, { "date": "2024-12-27", "close": 17.90758, "volume": 166484, "typical_volume": 103437.35, "trend": 18.412976, "fair_value": 17.55512, "relative_strength": -7.274201, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.466782, "energy": 27.298738, "activity_lines": [ 18.391738, 18.561484, 18.77006, 18.694031 ] }, { "date": "2025-01-03", "close": 17.453295, "volume": 167968, "typical_volume": 102321.05, "trend": 18.419911, "fair_value": 17.491624, "relative_strength": -8.985639, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.018791, "energy": 57.61308, "activity_lines": [ 17.979295, 18.355416, 18.629171, 18.632116 ] }, { "date": "2025-01-10", "close": 16.581219, "volume": 37613, "typical_volume": 99553.45, "trend": 18.411831, "fair_value": 17.422349, "relative_strength": -11.608361, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.722052, "energy": 75.249382, "activity_lines": [ 17.415523, 18.012611, 18.410103, 18.513491 ] }, { "date": "2025-01-17", "close": 16.933514, "volume": 66254, "typical_volume": 99545.25, "trend": 18.401738, "fair_value": 17.37065, "relative_strength": -12.144215, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.17216, "energy": 74.31964, "activity_lines": [ 17.13974, 17.763475, 18.236446, 18.418115 ] }, { "date": "2025-01-24", "close": 17.204645, "volume": 203925, "typical_volume": 101496.4, "trend": 18.412304, "fair_value": 17.331322, "relative_strength": -12.080499, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.23476, "energy": 80.775692, "activity_lines": [ 17.087674, 17.591873, 18.100205, 18.340884 ] }, { "date": "2025-01-31", "close": 17.648712, "volume": 352159, "typical_volume": 115464.95, "trend": 18.425853, "fair_value": 17.289115, "relative_strength": -8.708487, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.03357, "energy": 70.144143, "activity_lines": [ 17.231894, 17.51748, 18.017651, 18.291619 ] }, { "date": "2025-02-07", "close": 17.773572, "volume": 312252, "typical_volume": 126850.5, "trend": 18.443545, "fair_value": 17.253599, "relative_strength": -7.812278, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.719529, "energy": 40.847045, "activity_lines": [ 17.434993, 17.489502, 17.95806, 18.249537 ] }, { "date": "2025-02-14", "close": 18.325176, "volume": 38368, "typical_volume": 125831.2, "trend": 18.470359, "fair_value": 17.220602, "relative_strength": -6.270277, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.73116, "energy": 19.454534, "activity_lines": [ 17.800607, 17.594001, 17.959089, 18.2419 ] }, { "date": "2025-02-21", "close": 19.00641, "volume": 35032, "typical_volume": 125294.9, "trend": 18.514082, "fair_value": 17.197047, "relative_strength": -1.175196, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.110194, "energy": 17.754278, "activity_lines": [ 18.277036, 17.837168, 18.031539, 18.276484 ] }, { "date": "2025-02-28", "close": 19.349946, "volume": 134915, "typical_volume": 127915.1, "trend": 18.56006, "fair_value": 17.180175, "relative_strength": 1.520364, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 33.090063, "energy": 35.277573, "activity_lines": [ 18.729784, 18.141472, 18.136313, 18.330411 ] }, { "date": "2025-03-07", "close": 19.280363, "volume": 151526, "typical_volume": 133917.4, "trend": 18.606977, "fair_value": 17.17919, "relative_strength": 4.277634, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.079808, "energy": 38.407558, "activity_lines": [ 19.016317, 18.407282, 18.232622, 18.376882 ] }, { "date": "2025-03-14", "close": 17.697663, "volume": 62130, "typical_volume": 134650.8, "trend": 18.580997, "fair_value": 17.151799, "relative_strength": -1.999771, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.810749, "energy": 19.324357, "activity_lines": [ 18.666507, 18.360369, 18.178002, 18.318216 ] }, { "date": "2025-03-21", "close": 17.575528, "volume": 63235, "typical_volume": 136481.55, "trend": 18.531126, "fair_value": 17.115493, "relative_strength": -3.100949, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.597958, "energy": 17.559888, "activity_lines": [ 18.281046, 18.286806, 18.116301, 18.253347 ] }, { "date": "2025-03-28", "close": 18.247895, "volume": 44431, "typical_volume": 134574.3, "trend": 18.493781, "fair_value": 17.075718, "relative_strength": 2.108895, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.292884, "energy": 14.825495, "activity_lines": [ 18.169683, 18.317414, 18.121657, 18.235074 ] }, { "date": "2025-04-04", "close": 17.316312, "volume": 80237, "typical_volume": 128971.05, "trend": 18.417741, "fair_value": 17.033919, "relative_strength": 6.368334, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.692704, "energy": 31.491024, "activity_lines": [ 17.798361, 18.154745, 18.039428, 18.159109 ] }, { "date": "2025-04-11", "close": 18.099553, "volume": 58776, "typical_volume": 122868.75, "trend": 18.355259, "fair_value": 16.997658, "relative_strength": 5.021751, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.637742, "energy": 23.76065, "activity_lines": [ 17.823694, 18.132453, 18.035574, 18.13858 ] }, { "date": "2025-04-18", "close": 18.719012, "volume": 18348, "typical_volume": 114051.7, "trend": 18.330182, "fair_value": 16.963877, "relative_strength": 9.983001, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.007825, "energy": 10.024648, "activity_lines": [ 18.134235, 18.214593, 18.09478, 18.162048 ] }, { "date": "2025-04-25", "close": 18.254442, "volume": 44944, "typical_volume": 113825.5, "trend": 18.282028, "fair_value": 16.941495, "relative_strength": 2.517232, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.736002, "energy": 7.607358, "activity_lines": [ 18.221829, 18.195076, 18.113669, 18.157162 ] }, { "date": "2025-05-02", "close": 18.509887, "volume": 178965, "typical_volume": 120677.9, "trend": 18.268227, "fair_value": 16.924694, "relative_strength": 1.006872, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.913179, "energy": 9.522191, "activity_lines": [ 18.34931, 18.22329, 18.161101, 18.171862 ] }, { "date": "2025-05-09", "close": 18.137176, "volume": 60274, "typical_volume": 113891.8, "trend": 18.240675, "fair_value": 16.911911, "relative_strength": -0.510433, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.494825, "energy": 10.697162, "activity_lines": [ 18.335089, 18.192765, 18.175054, 18.163408 ] }, { "date": "2025-05-16", "close": 18.657447, "volume": 162160, "typical_volume": 113675.6, "trend": 18.221282, "fair_value": 16.920619, "relative_strength": -2.676939, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.299873, "energy": 17.390696, "activity_lines": [ 18.439566, 18.278886, 18.237564, 18.190296 ] }, { "date": "2025-05-23", "close": 18.371708, "volume": 134903, "typical_volume": 112022.35, "trend": 18.211889, "fair_value": 16.910609, "relative_strength": -1.623546, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.635037, "energy": 14.629488, "activity_lines": [ 18.411605, 18.32438, 18.269289, 18.200001 ] }, { "date": "2025-05-30", "close": 18.977584, "volume": 12611, "typical_volume": 110772.25, "trend": 18.237473, "fair_value": 16.910984, "relative_strength": -0.118134, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.704752, "energy": 33.156799, "activity_lines": [ 18.608755, 18.467778, 18.354344, 18.249401 ] }, { "date": "2025-06-06", "close": 18.449886, "volume": 36078, "typical_volume": 109263.45, "trend": 18.236247, "fair_value": 16.91574, "relative_strength": -4.366743, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.796104, "energy": 29.672612, "activity_lines": [ 18.581797, 18.489739, 18.377731, 18.263105 ] }, { "date": "2025-06-13", "close": 18.098087, "volume": 57731, "typical_volume": 101953.75, "trend": 18.235837, "fair_value": 16.93022, "relative_strength": -5.793586, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.944076, "energy": 13.88717, "activity_lines": [ 18.441573, 18.444063, 18.360392, 18.254191 ] }, { "date": "2025-06-20", "close": 18.054015, "volume": 151985, "typical_volume": 91945.05, "trend": 18.205872, "fair_value": 16.928502, "relative_strength": -5.778144, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.263448, "energy": 9.659578, "activity_lines": [ 18.289264, 18.376161, 18.334601, 18.242461 ] }, { "date": "2025-06-27", "close": 18.089464, "volume": 65028, "typical_volume": 79583.85, "trend": 18.157396, "fair_value": 16.933409, "relative_strength": -8.651575, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.014613, "energy": 12.808968, "activity_lines": [ 18.189, 18.315532, 18.310256, 18.234951 ] }, { "date": "2025-07-04", "close": 18.698315, "volume": 43304, "typical_volume": 79830.65, "trend": 18.142687, "fair_value": 16.936533, "relative_strength": -7.0646, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.448063, "energy": 16.371272, "activity_lines": [ 18.310502, 18.377049, 18.342393, 18.269849 ] }, { "date": "2025-07-11", "close": 18.101464, "volume": 74488, "typical_volume": 81803.45, "trend": 18.11495, "fair_value": 16.939822, "relative_strength": -9.667014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.862608, "energy": 9.885417, "activity_lines": [ 18.251673, 18.321978, 18.31591, 18.267189 ] }, { "date": "2025-07-18", "close": 18.133628, "volume": 43370, "typical_volume": 77226.2, "trend": 18.121783, "fair_value": 16.934207, "relative_strength": -9.893272, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.248225, "energy": 5.365901, "activity_lines": [ 18.226792, 18.28018, 18.2968, 18.268394 ] }, { "date": "2025-07-25", "close": 18.422906, "volume": 101730, "typical_volume": 74736.4, "trend": 18.138961, "fair_value": 16.921253, "relative_strength": -9.607585, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.58878, "energy": 11.709055, "activity_lines": [ 18.295969, 18.291043, 18.311032, 18.287821 ] }, { "date": "2025-08-01", "close": 17.763891, "volume": 283987, "typical_volume": 85829.25, "trend": 18.149314, "fair_value": 16.905459, "relative_strength": -10.384918, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.916293, "energy": 16.342671, "activity_lines": [ 18.12088, 18.18635, 18.266583, 18.263623 ] }, { "date": "2025-08-08", "close": 18.72684, "volume": 239145, "typical_volume": 94624.75, "trend": 18.220835, "fair_value": 16.889507, "relative_strength": -7.565044, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.038694, "energy": 13.936057, "activity_lines": [ 18.28848, 18.267789, 18.313529, 18.300883 ] }, { "date": "2025-08-15", "close": 18.481922, "volume": 159284, "typical_volume": 100367.4, "trend": 18.272448, "fair_value": 16.871609, "relative_strength": -9.386142, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.021061, "energy": 14.466666, "activity_lines": [ 18.372539, 18.309256, 18.331667, 18.317727 ] }, { "date": "2025-08-22", "close": 18.702053, "volume": 88424, "typical_volume": 100776.75, "trend": 18.322362, "fair_value": 16.863898, "relative_strength": -8.273899, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.893106, "energy": 30.284822, "activity_lines": [ 18.504611, 18.390166, 18.369655, 18.345444 ] }, { "date": "2025-08-29", "close": 17.881924, "volume": 126185, "typical_volume": 104147.2, "trend": 18.330136, "fair_value": 16.85999, "relative_strength": -11.882011, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.665184, "energy": 13.271611, "activity_lines": [ 18.325411, 18.310979, 18.322937, 18.317028 ] }, { "date": "2025-09-05", "close": 17.931104, "volume": 69682, "typical_volume": 106713.9, "trend": 18.335387, "fair_value": 16.846055, "relative_strength": -11.450717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.304247, "energy": 21.416665, "activity_lines": [ 18.198671, 18.243863, 18.281939, 18.291284 ] }, { "date": "2025-09-12", "close": 17.693268, "volume": 133921, "typical_volume": 111162.75, "trend": 18.314323, "fair_value": 16.837861, "relative_strength": -13.494716, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.635054, "energy": 37.7614, "activity_lines": [ 17.981504, 18.136384, 18.222042, 18.249857 ] }, { "date": "2025-09-19", "close": 17.273368, "volume": 112711, "typical_volume": 107850.05, "trend": 18.256555, "fair_value": 16.839071, "relative_strength": -16.130784, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -64.00226, "energy": 55.654787, "activity_lines": [ 17.693275, 17.970833, 18.124827, 18.182699 ] }, { "date": "2025-09-26", "close": 16.828154, "volume": 255206, "typical_volume": 117596.65, "trend": 18.172495, "fair_value": 16.847158, "relative_strength": -17.577109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.413827, "energy": 70.378143, "activity_lines": [ 17.337212, 17.73939, 17.991098, 18.090544 ] }, { "date": "2025-10-03", "close": 16.848931, "volume": 245729, "typical_volume": 121775.1, "trend": 18.091448, "fair_value": 16.861002, "relative_strength": -17.964775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.475431, "energy": 74.6112, "activity_lines": [ 17.113001, 17.53546, 17.865582, 18.005153 ] }, { "date": "2025-10-10", "close": 16.877821, "volume": 310937, "typical_volume": 130576.8, "trend": 18.06412, "fair_value": 16.87745, "relative_strength": -15.401384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.389881, "energy": 75.299343, "activity_lines": [ 16.967286, 17.365401, 17.751429, 17.926854 ] }, { "date": "2025-10-17", "close": 17.529121, "volume": 423659, "typical_volume": 151129.2, "trend": 18.062573, "fair_value": 16.893966, "relative_strength": -13.262328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.330504, "energy": 62.223776, "activity_lines": [ 17.108891, 17.329871, 17.706419, 17.892338 ] }, { "date": "2025-10-24", "close": 17.224891, "volume": 114235, "typical_volume": 155037.05, "trend": 18.028472, "fair_value": 16.896429, "relative_strength": -16.005355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.226343, "energy": 39.997049, "activity_lines": [ 17.160028, 17.260802, 17.639331, 17.838294 ] }, { "date": "2025-10-31", "close": 16.03765, "volume": 238606, "typical_volume": 164080.8, "trend": 17.98585, "fair_value": 16.897639, "relative_strength": -21.911745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.95545, "energy": 50.866966, "activity_lines": [ 16.81865, 16.998727, 17.465007, 17.709854 ] }, { "date": "2025-11-07", "close": 16.156374, "volume": 194846, "typical_volume": 166223.85, "trend": 17.921078, "fair_value": 16.895368, "relative_strength": -19.664073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.381414, "energy": 58.324572, "activity_lines": [ 16.569547, 16.806682, 17.311801, 17.591823 ] }, { "date": "2025-11-14", "close": 16.346332, "volume": 128270, "typical_volume": 169385.95, "trend": 17.841988, "fair_value": 16.89738, "relative_strength": -18.471309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.32391, "energy": 68.124446, "activity_lines": [ 16.429934, 16.680548, 17.185722, 17.490227 ] }, { "date": "2025-11-21", "close": 16.571908, "volume": 351078, "typical_volume": 184774.65, "trend": 17.785904, "fair_value": 16.897214, "relative_strength": -15.342831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.193579, "energy": 67.899224, "activity_lines": [ 16.400945, 16.624242, 17.089428, 17.408286 ] }, { "date": "2025-11-28", "close": 17.214997, "volume": 316519, "typical_volume": 196876.2, "trend": 17.742741, "fair_value": 16.894402, "relative_strength": -14.770987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.023979, "energy": 40.00222, "activity_lines": [ 16.650134, 16.70525, 17.064506, 17.371454 ] }, { "date": "2025-12-05", "close": 16.769782, "volume": 84242, "typical_volume": 198919.8, "trend": 17.697161, "fair_value": 16.895974, "relative_strength": -16.852582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.452514, "energy": 27.379145, "activity_lines": [ 16.751577, 16.70637, 17.001404, 17.308682 ] }, { "date": "2025-12-12", "close": 17.195309, "volume": 42463, "typical_volume": 195956.45, "trend": 17.648423, "fair_value": 16.907773, "relative_strength": -13.885682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.781782, "energy": 20.278919, "activity_lines": [ 16.946054, 16.785921, 16.985323, 17.276304 ] }, { "date": "2025-12-19", "close": 16.908293, "volume": 113936, "typical_volume": 187453.9, "trend": 17.599643, "fair_value": 16.921398, "relative_strength": -15.100615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.826026, "energy": 20.13757, "activity_lines": [ 16.975597, 16.806989, 16.947753, 17.228554 ] }, { "date": "2025-12-26", "close": 16.901537, "volume": 68853, "typical_volume": 178939.3, "trend": 17.530441, "fair_value": 16.935185, "relative_strength": -16.000228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.187519, "energy": 15.848446, "activity_lines": [ 16.965423, 16.826275, 16.913613, 17.183515 ] }, { "date": "2026-01-02", "close": 16.686821, "volume": 117894, "typical_volume": 176869.8, "trend": 17.471672, "fair_value": 16.945898, "relative_strength": -15.900752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.80199, "energy": 17.507744, "activity_lines": [ 16.861702, 16.817932, 16.867716, 17.129088 ] }, { "date": "2026-01-09", "close": 17.296079, "volume": 263944, "typical_volume": 185645.8, "trend": 17.444939, "fair_value": 16.959631, "relative_strength": -13.972493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.76062, "energy": 7.976236, "activity_lines": [ 16.996279, 16.930146, 16.888392, 17.117759 ] }, { "date": "2026-01-16", "close": 18.559852, "volume": 109006, "typical_volume": 184786.85, "trend": 17.4618, "fair_value": 16.983884, "relative_strength": -7.252089, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.518959, "energy": 27.311709, "activity_lines": [ 17.517027, 17.249257, 17.036123, 17.189689 ] }, { "date": "2026-01-23", "close": 18.880032, "volume": 305726, "typical_volume": 196589.05, "trend": 17.488152, "fair_value": 17.000725, "relative_strength": -5.241528, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.649726, "energy": 56.218385, "activity_lines": [ 18.053532, 17.582883, 17.211118, 17.281188 ] }, { "date": "2026-01-30", "close": 19.109102, "volume": 423315, "typical_volume": 211058.75, "trend": 17.501845, "fair_value": 17.015165, "relative_strength": -4.340927, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.193545, "energy": 73.209802, "activity_lines": [ 18.534945, 17.91209, 17.403411, 17.385765 ] }, { "date": "2026-02-06", "close": 21.122684, "volume": 263446, "typical_volume": 218595.5, "trend": 17.602552, "fair_value": 17.043802, "relative_strength": 5.899504, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.185218, "energy": 95.771193, "activity_lines": [ 19.54038, 18.561272, 17.780732, 17.619368 ] }, { "date": "2026-02-13", "close": 21.840397, "volume": 325111, "typical_volume": 222090.75, "trend": 17.726111, "fair_value": 17.07342, "relative_strength": 10.802328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.032823, "energy": 97.289173, "activity_lines": [ 20.48933, 19.269899, 18.208076, 17.892777 ] }, { "date": "2026-02-20", "close": 21.042939, "volume": 334127, "typical_volume": 226510.65, "trend": 17.813446, "fair_value": 17.103789, "relative_strength": 5.674861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.792002, "energy": 90.193319, "activity_lines": [ 20.869505, 19.741341, 18.535604, 18.106766 ] }, { "date": "2026-02-27", "close": 22.099571, "volume": 270962, "typical_volume": 224511.9, "trend": 17.957969, "fair_value": 17.139089, "relative_strength": 11.59201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.460305, "energy": 94.100651, "activity_lines": [ 21.436351, 20.33494, 18.943792, 18.38329 ] }, { "date": "2026-03-06", "close": 19.96637, "volume": 518882, "typical_volume": 229273.05, "trend": 17.999286, "fair_value": 17.170688, "relative_strength": 3.147976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.176915, "energy": 68.309905, "activity_lines": [ 21.077495, 20.446298, 19.123952, 18.512865 ] }, { "date": "2026-03-13", "close": 19.531755, "volume": 371818, "typical_volume": 242152.2, "trend": 18.034281, "fair_value": 17.197386, "relative_strength": 2.59912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.054722, "energy": 51.8803, "activity_lines": [ 20.516616, 20.422911, 19.251115, 18.611734 ] }, { "date": "2026-03-20", "close": 17.912914, "volume": 360365, "typical_volume": 248240.15, "trend": 18.007976, "fair_value": 17.210671, "relative_strength": -3.929436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.651368, "energy": 20.592875, "activity_lines": [ 19.522185, 20.053463, 19.213117, 18.603904 ] }, { "date": "2026-03-27", "close": 18.26, "volume": 405810, "typical_volume": 258788.35, "trend": 18.020579, "fair_value": 17.221361, "relative_strength": 0.465433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.203085, "energy": 28.092515, "activity_lines": [ 18.905282, 19.735906, 19.199246, 18.620163 ] }, { "date": "2026-04-03", "close": 18.3564, "volume": 283981, "typical_volume": 266573.9, "trend": 18.034755, "fair_value": 17.231076, "relative_strength": -1.912857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.652699, "energy": 27.544857, "activity_lines": [ 18.506041, 19.441329, 19.184538, 18.641829 ] }, { "date": "2026-04-10", "close": 18.51, "volume": 539976, "typical_volume": 276018.8, "trend": 18.061979, "fair_value": 17.24215, "relative_strength": -4.076469, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.509616, "energy": 26.047273, "activity_lines": [ 18.407546, 19.184199, 19.174887, 18.67249 ] }, { "date": "2026-04-17", "close": 18.53, "volume": 465995, "typical_volume": 283492.6, "trend": 18.103867, "fair_value": 17.249315, "relative_strength": -7.503005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.148766, "energy": 18.153926, "activity_lines": [ 18.412808, 18.941599, 19.157911, 18.702685 ] }, { "date": "2026-04-24", "close": 18.744042, "volume": 529940, "typical_volume": 305777.5, "trend": 18.16773, "fair_value": 17.25617, "relative_strength": -6.468573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.188509, "energy": 13.031636, "activity_lines": [ 18.556201, 18.785055, 19.155059, 18.743986 ] }, { "date": "2026-05-01", "close": 19.131986, "volume": 118062, "typical_volume": 309557.45, "trend": 18.243832, "fair_value": 17.266123, "relative_strength": -4.999552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.751427, "energy": 11.332949, "activity_lines": [ 18.7735, 18.755343, 19.179752, 18.806197 ] }, { "date": "2026-05-08", "close": 19.072552, "volume": 93843, "typical_volume": 308552.8, "trend": 18.31699, "fair_value": 17.276093, "relative_strength": -7.048101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.767595, "energy": 12.888875, "activity_lines": [ 18.912855, 18.74957, 19.189563, 18.859662 ] }, { "date": "2026-05-15", "close": 19.370716, "volume": 80548, "typical_volume": 309137.55, "trend": 18.378376, "fair_value": 17.291193, "relative_strength": -5.429861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.415355, "energy": 19.089536, "activity_lines": [ 19.103855, 18.853045, 19.217465, 18.927645 ] }, { "date": "2026-05-22", "close": 19.355907, "volume": 83143, "typical_volume": 307400.0, "trend": 18.44941, "fair_value": 17.313511, "relative_strength": -5.921963, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.114845, "energy": 20.990809, "activity_lines": [ 19.232538, 18.964658, 19.232198, 18.990711 ] }, { "date": "2026-05-29", "close": 18.535857, "volume": 388863, "typical_volume": 313645.95, "trend": 18.532684, "fair_value": 17.330588, "relative_strength": -10.696758, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.497321, "energy": 12.517731, "activity_lines": [ 19.03281, 18.930368, 19.156121, 18.996288 ] }, { "date": "2026-06-05", "close": 18.635245, "volume": 608435, "typical_volume": 338617.4, "trend": 18.615313, "fair_value": 17.349489, "relative_strength": -7.532439, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.382078, "energy": 6.445564, "activity_lines": [ 18.880091, 18.902823, 19.083605, 19.002905 ] }, { "date": "2026-06-12", "close": 19.690944, "volume": 202483, "typical_volume": 333455.25, "trend": 18.7268, "fair_value": 17.370895, "relative_strength": -2.565067, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.890996, "energy": 15.899399, "activity_lines": [ 19.112387, 19.0604, 19.111274, 19.072301 ] }, { "date": "2026-06-19", "close": 18.589527, "volume": 284276, "typical_volume": 326503.3, "trend": 18.794054, "fair_value": 17.386719, "relative_strength": -8.487056, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.371161, "energy": 3.582217, "activity_lines": [ 18.936318, 18.993454, 19.030184, 19.063445 ] }, { "date": "2026-06-26", "close": 19.4965, "volume": 489744, "typical_volume": 337818.2, "trend": 18.870104, "fair_value": 17.407118, "relative_strength": -1.47639, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.407894, "energy": 14.371864, "activity_lines": [ 19.114652, 19.089968, 19.037947, 19.108764 ] }, { "date": "2026-07-03", "close": 19.46, "volume": 323825, "typical_volume": 337753.9, "trend": 18.959778, "fair_value": 17.429358, "relative_strength": -3.465116, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.525455, "energy": 18.600426, "activity_lines": [ 19.271448, 19.162272, 19.049978, 19.146822 ] }, { "date": "2026-07-10", "close": 19.0247, "volume": 154015, "typical_volume": 328748.3, "trend": 19.020757, "fair_value": 17.446891, "relative_strength": -6.620682, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.697107, "energy": 17.042955, "activity_lines": [ 19.221533, 19.142413, 19.031886, 19.15101 ] }, { "date": "2026-07-17", "close": 19.5553, "volume": 136765, "typical_volume": 322038.45, "trend": 19.108991, "fair_value": 17.464087, "relative_strength": -2.308413, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.127078, "energy": 16.876897, "activity_lines": [ 19.322522, 19.220978, 19.073938, 19.185497 ] }, { "date": "2026-07-24", "close": 18.9684, "volume": 156627, "typical_volume": 303925.7, "trend": 19.177886, "fair_value": 17.476418, "relative_strength": -4.437878, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.150373, "energy": 5.69285, "activity_lines": [ 19.23692, 19.184056, 19.072211, 19.176426 ] }, { "date": "2026-07-31", "close": 19.3979, "volume": 448471, "typical_volume": 307758.35, "trend": 19.268256, "fair_value": 17.495837, "relative_strength": -3.13112, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.655866, "energy": 4.278729, "activity_lines": [ 19.269227, 19.23254, 19.116141, 19.190621 ] }, { "date": "2026-08-07", "close": 19.3602, "volume": 159715, "typical_volume": 297725.85, "trend": 19.33706, "fair_value": 17.514806, "relative_strength": -6.284413, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.868536, "energy": 7.041734, "activity_lines": [ 19.29554, 19.273406, 19.157118, 19.196553 ] } ], "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." } } }