{ "ticker": { "uuid": "e301d36f-0743-4b33-9733-45822c7d6a09", "symbol": "HMAF", "name": "HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 93.614, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 11.146, "architecture_energy": 19.811, "architecture_maturity": 65.389, "architecture_confidence": 81.952, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 60.01, "rotation_up": 16.81, "upward_expansion": 45.98, "deceleration": 87.97, "rotation_down": 39.95, "downward_expansion": 28.65 }, "activity_lines": [ 88.205333, 89.904182, 89.999, 87.610946 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 89.07, "trend_reference": 84.437333, "distance_from_trend": 0.054865, "trend_direction": "Improving", "fair_value": 58.249199, "distance_from_fair_value": 0.52912, "fair_value_direction": "Weakening", "relative_strength": 4.320523, "relative_strength_direction": "Weakening", "price_momentum": 0.151073, "excess_performance": 0.068189, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054865, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.094788, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.52912, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.155575, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.043205, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.243368, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.151073, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.73185, "read": "Demand-led" } ], "volume": { "latest": 19640, "relative_activity": 0.508286, "balance": 1.73185, "dry_up": 0.559975, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.049063, "annualized_volatility": 0.291573, "from_high_reference": -0.093712, "from_low_reference": 0.459925 }, "levels": { "trend_reference": 84.437333, "fair_value_reference": 58.249199, "structural_low": 71.480003, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.001702, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.012642, "regime_survival": 0.444444, "best_return": 0.154183, "worst_return": -0.032011, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.090935, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.006731, "regime_survival": 0.0, "best_return": 0.267906, "worst_return": -0.018911, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.134528, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.076942, "regime_survival": 0.0, "best_return": 0.309065, "worst_return": -0.030975, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.03874, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001181, "regime_survival": 0.0, "best_return": 0.118453, "worst_return": -0.040974, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-04-19", "tenure": "Developing", "return": -0.033478, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-03", "tenure": "New", "return": 0.040332, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2024-11-15", "tenure": "Extended", "return": 0.058046, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-01-10", "tenure": "Developing", "return": -0.020727, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.040312, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.010194, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": 0.121515, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.028912, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-11-28", "tenure": "Extended", "return": 0.263216, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": -0.017122, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-20", "tenure": "Established", "return": 0.089416, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.154593, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.026054, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.010551, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.959999, "volume": 0, "typical_volume": 1286.65, "trend": 45.619167, "fair_value": 52.26641, "relative_strength": -0.693644, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.008388, "energy": 34.887083, "activity_lines": [ 44.849333, 45.245182, 45.249286, 45.302172 ] }, { "date": "2023-08-25", "close": 43.299999, "volume": 0, "typical_volume": 1168.6, "trend": 45.403, "fair_value": 52.202436, "relative_strength": -0.875576, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.515788, "energy": 51.239883, "activity_lines": [ 44.142666, 44.863364, 45.063214, 45.152549 ] }, { "date": "2023-09-01", "close": 44.580002, "volume": 0, "typical_volume": 1051.55, "trend": 45.256834, "fair_value": 52.160449, "relative_strength": 0.959587, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.395825, "energy": 51.204951, "activity_lines": [ 44.032334, 44.778364, 45.012096, 45.099452 ] }, { "date": "2023-09-08", "close": 43.330002, "volume": 0, "typical_volume": 1042.7, "trend": 45.121167, "fair_value": 52.107244, "relative_strength": -0.727222, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.190972, "energy": 66.523527, "activity_lines": [ 43.689668, 44.46291, 44.848977, 44.97514 ] }, { "date": "2023-09-15", "close": 43.775002, "volume": 0, "typical_volume": 1042.7, "trend": 45.0395, "fair_value": 52.051122, "relative_strength": -1.916723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.326244, "energy": 58.436753, "activity_lines": [ 43.699668, 44.253274, 44.736215, 44.888291 ] }, { "date": "2023-09-22", "close": 43.025002, "volume": 0, "typical_volume": 596.6, "trend": 44.989, "fair_value": 52.004551, "relative_strength": -1.984907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.166563, "energy": 53.360943, "activity_lines": [ 43.511668, 43.917547, 44.557405, 44.758323 ] }, { "date": "2023-09-29", "close": 42.384998, "volume": 0, "typical_volume": 596.6, "trend": 44.868334, "fair_value": 51.940289, "relative_strength": -3.046328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.301845, "energy": 63.096516, "activity_lines": [ 43.106001, 43.531001, 44.3275, 44.590323 ] }, { "date": "2023-10-06", "close": 42.32, "volume": 133, "typical_volume": 603.25, "trend": 44.802334, "fair_value": 51.867596, "relative_strength": -2.124561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.198458, "energy": 66.880567, "activity_lines": [ 42.739667, 43.195546, 44.099048, 44.425914 ] }, { "date": "2023-10-13", "close": 42.465, "volume": 1559, "typical_volume": 681.2, "trend": 44.746334, "fair_value": 51.795385, "relative_strength": -2.493942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.218294, "energy": 71.16382, "activity_lines": [ 42.572333, 42.977819, 43.895739, 44.275119 ] }, { "date": "2023-10-20", "close": 40.990002, "volume": 0, "typical_volume": 681.2, "trend": 44.587834, "fair_value": 51.710064, "relative_strength": -1.062503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.272718, "energy": 82.146725, "activity_lines": [ 41.971001, 42.563364, 43.561429, 44.032775 ] }, { "date": "2023-10-27", "close": 40.834999, "volume": 26, "typical_volume": 682.5, "trend": 44.402667, "fair_value": 51.634263, "relative_strength": -1.50971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.148403, "energy": 84.969449, "activity_lines": [ 41.503667, 42.185546, 43.232096, 43.790656 ] }, { "date": "2023-11-03", "close": 41.715, "volume": 5780, "typical_volume": 970.9, "trend": 44.2585, "fair_value": 51.539039, "relative_strength": -2.023659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.576918, "energy": 75.804773, "activity_lines": [ 41.475667, 42.006364, 43.009691, 43.617258 ] }, { "date": "2023-11-10", "close": 42.25, "volume": 4496, "typical_volume": 1195.7, "trend": 44.1315, "fair_value": 51.444103, "relative_strength": -0.686829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.03948, "energy": 60.63314, "activity_lines": [ 41.670667, 41.953273, 42.862572, 43.487678 ] }, { "date": "2023-11-17", "close": 43.5, "volume": 5018, "typical_volume": 1298.4, "trend": 44.081334, "fair_value": 51.352756, "relative_strength": 0.396265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.342183, "energy": 33.195015, "activity_lines": [ 42.287, 42.169818, 42.844762, 43.446936 ] }, { "date": "2023-11-24", "close": 43.759998, "volume": 2507, "typical_volume": 1423.75, "trend": 44.043167, "fair_value": 51.25468, "relative_strength": -0.479142, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.081368, "energy": 21.582505, "activity_lines": [ 42.920999, 42.430545, 42.857429, 43.426204 ] }, { "date": "2023-12-01", "close": 42.935001, "volume": 2501, "typical_volume": 1548.8, "trend": 43.971167, "fair_value": 51.148494, "relative_strength": -2.436301, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.612746, "energy": 25.096229, "activity_lines": [ 43.095333, 42.541545, 42.794286, 43.35471 ] }, { "date": "2023-12-08", "close": 42.294998, "volume": 631, "typical_volume": 1175.95, "trend": 43.914667, "fair_value": 51.039359, "relative_strength": -5.404043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.33367, "energy": 25.498314, "activity_lines": [ 42.916333, 42.537818, 42.687786, 43.24657 ] }, { "date": "2023-12-15", "close": 43.485001, "volume": 0, "typical_volume": 1150.95, "trend": 43.874167, "fair_value": 50.93593, "relative_strength": -3.719191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.279047, "energy": 13.033967, "activity_lines": [ 43.095333, 42.752091, 42.711524, 43.21885 ] }, { "date": "2023-12-22", "close": 43.360001, "volume": 1896, "typical_volume": 1227.35, "trend": 43.837667, "fair_value": 50.834327, "relative_strength": -3.603746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.665329, "energy": 8.86181, "activity_lines": [ 43.150334, 42.922455, 42.741738, 43.185678 ] }, { "date": "2023-12-29", "close": 44.514999, "volume": 2531, "typical_volume": 1353.9, "trend": 43.817, "fair_value": 50.72968, "relative_strength": -0.871321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.339366, "energy": 18.421306, "activity_lines": [ 43.599667, 43.286545, 42.896405, 43.229376 ] }, { "date": "2024-01-05", "close": 43.415001, "volume": 7, "typical_volume": 1354.25, "trend": 43.741167, "fair_value": 50.594519, "relative_strength": -3.614759, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.431057, "energy": 17.854751, "activity_lines": [ 43.632, 43.386545, 42.9465, 43.203441 ] }, { "date": "2024-01-12", "close": 42.860001, "volume": 8827, "typical_volume": 1795.6, "trend": 43.609, "fair_value": 50.452917, "relative_strength": -5.010215, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.558765, "energy": 15.306361, "activity_lines": [ 43.447334, 43.338727, 42.941572, 43.146592 ] }, { "date": "2024-01-19", "close": 41.345001, "volume": 29417, "typical_volume": 3266.45, "trend": 43.507, "fair_value": 50.28641, "relative_strength": -7.495114, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.166816, "energy": 22.892518, "activity_lines": [ 42.720001, 42.994637, 42.794453, 43.000527 ] }, { "date": "2024-01-26", "close": 42.525002, "volume": 0, "typical_volume": 3266.45, "trend": 43.4345, "fair_value": 50.145289, "relative_strength": -6.560787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.979326, "energy": 26.667171, "activity_lines": [ 42.528668, 42.881546, 42.775119, 42.937172 ] }, { "date": "2024-02-02", "close": 41.665001, "volume": 938, "typical_volume": 3313.35, "trend": 43.345334, "fair_value": 49.980192, "relative_strength": -6.952999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.08612, "energy": 43.093957, "activity_lines": [ 42.106335, 42.629819, 42.677715, 42.823011 ] }, { "date": "2024-02-09", "close": 42.93, "volume": 3151, "typical_volume": 3470.9, "trend": 43.222, "fair_value": 49.808013, "relative_strength": -2.665522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.374685, "energy": 35.128635, "activity_lines": [ 42.295668, 42.646183, 42.710834, 42.796215 ] }, { "date": "2024-02-16", "close": 43.810001, "volume": 2811, "typical_volume": 3611.45, "trend": 43.154167, "fair_value": 49.643398, "relative_strength": -2.483837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.719344, "energy": 8.97189, "activity_lines": [ 42.810668, 42.822637, 42.828215, 42.834151 ] }, { "date": "2024-02-23", "close": 44.349998, "volume": 785, "typical_volume": 3644.05, "trend": 43.054334, "fair_value": 49.512244, "relative_strength": -2.821132, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.14742, "energy": 32.503686, "activity_lines": [ 43.442333, 43.069728, 42.990238, 42.911301 ] }, { "date": "2024-03-01", "close": 44.119999, "volume": 6064, "typical_volume": 3869.3, "trend": 42.9785, "fair_value": 49.389231, "relative_strength": -3.17331, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.456997, "energy": 52.03735, "activity_lines": [ 43.796999, 43.259273, 43.120691, 42.980054 ] }, { "date": "2024-03-08", "close": 44.805, "volume": 0, "typical_volume": 3869.3, "trend": 42.986834, "fair_value": 49.26625, "relative_strength": -2.837116, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.83835, "energy": 72.116529, "activity_lines": [ 44.273666, 43.559545, 43.3085, 43.097893 ] }, { "date": "2024-03-15", "close": 45.215, "volume": 4083, "typical_volume": 4072.15, "trend": 43.062, "fair_value": 49.144615, "relative_strength": -2.054972, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.858828, "energy": 79.278597, "activity_lines": [ 44.677666, 43.929091, 43.517191, 43.241645 ] }, { "date": "2024-03-22", "close": 45.125, "volume": 107, "typical_volume": 3788.5, "trend": 43.122834, "fair_value": 49.033173, "relative_strength": -1.842587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.332181, "energy": 76.005712, "activity_lines": [ 44.899333, 44.249545, 43.696453, 43.374742 ] }, { "date": "2024-03-29", "close": 45.095001, "volume": 0, "typical_volume": 3563.7, "trend": 43.14, "fair_value": 48.912372, "relative_strength": -2.405526, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.919104, "energy": 75.95837, "activity_lines": [ 45.023334, 44.523364, 43.856619, 43.501979 ] }, { "date": "2024-04-05", "close": 44.985001, "volume": 2523, "typical_volume": 3438.95, "trend": 43.195167, "fair_value": 48.793686, "relative_strength": -0.5659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.11225, "energy": 67.54077, "activity_lines": [ 45.061001, 44.709, 43.992762, 43.621011 ] }, { "date": "2024-04-12", "close": 44.474998, "volume": 4094, "typical_volume": 3518.3, "trend": 43.2185, "fair_value": 48.666667, "relative_strength": -0.615272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.73561, "energy": 45.246477, "activity_lines": [ 44.871, 44.757182, 44.073262, 43.703581 ] }, { "date": "2024-04-19", "close": 43.305, "volume": 2601, "typical_volume": 3523.3, "trend": 43.227833, "fair_value": 48.528814, "relative_strength": -2.472664, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.033217, "energy": 21.825812, "activity_lines": [ 44.313, 44.541545, 44.038929, 43.709161 ] }, { "date": "2024-04-26", "close": 45.25, "volume": 2584, "typical_volume": 3620.95, "trend": 43.323333, "fair_value": 48.407596, "relative_strength": 1.446168, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.117064, "energy": 29.400528, "activity_lines": [ 44.530666, 44.672727, 44.188071, 43.839624 ] }, { "date": "2024-05-03", "close": 47.075001, "volume": 22, "typical_volume": 3622.05, "trend": 43.481833, "fair_value": 48.297372, "relative_strength": 6.064179, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 82.309229, "energy": 51.351287, "activity_lines": [ 45.348333, 45.109546, 44.496952, 44.081667 ] }, { "date": "2024-05-10", "close": 47.634998, "volume": 163, "typical_volume": 3535.4, "trend": 43.654167, "fair_value": 48.208622, "relative_strength": 2.811037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.542929, "energy": 86.343463, "activity_lines": [ 46.220666, 45.598636, 44.842071, 44.349613 ] }, { "date": "2024-05-17", "close": 49.509998, "volume": 255, "typical_volume": 3421.6, "trend": 43.938167, "fair_value": 48.125289, "relative_strength": 4.207331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.798931, "energy": 96.804616, "activity_lines": [ 47.541332, 46.364727, 45.345404, 44.727408 ] }, { "date": "2024-05-24", "close": 48.165001, "volume": 60, "typical_volume": 3424.25, "trend": 44.1825, "fair_value": 48.023526, "relative_strength": 2.205376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.880871, "energy": 88.643432, "activity_lines": [ 48.078, 46.800727, 45.696857, 45.000107 ] }, { "date": "2024-05-31", "close": 46.490002, "volume": 0, "typical_volume": 2982.9, "trend": 44.341667, "fair_value": 47.910705, "relative_strength": -1.88387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.403539, "energy": 85.942084, "activity_lines": [ 47.732334, 46.878545, 45.866167, 45.148979 ] }, { "date": "2024-06-07", "close": 47.625, "volume": 0, "typical_volume": 1512.05, "trend": 44.520833, "fair_value": 47.804968, "relative_strength": -1.487676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.033993, "energy": 61.588914, "activity_lines": [ 47.682334, 47.137909, 46.126286, 45.360807 ] }, { "date": "2024-06-14", "close": 47.490002, "volume": 2175, "typical_volume": 1620.8, "trend": 44.653833, "fair_value": 47.703686, "relative_strength": 0.029864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.419109, "energy": 51.651345, "activity_lines": [ 47.550668, 47.326728, 46.343643, 45.552366 ] }, { "date": "2024-06-21", "close": 48.355, "volume": 0, "typical_volume": 1573.9, "trend": 44.807, "fair_value": 47.600064, "relative_strength": 2.086894, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.571111, "energy": 50.798029, "activity_lines": [ 47.717001, 47.627273, 46.619738, 45.791151 ] }, { "date": "2024-06-28", "close": 48.055, "volume": 0, "typical_volume": 1416.35, "trend": 44.977667, "fair_value": 47.500417, "relative_strength": 1.5928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.517435, "energy": 50.331699, "activity_lines": [ 47.860334, 47.802728, 46.835405, 46.000699 ] }, { "date": "2024-07-05", "close": 49.02, "volume": 10023, "typical_volume": 1776.95, "trend": 45.201834, "fair_value": 47.417148, "relative_strength": 3.523805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.310732, "energy": 57.089938, "activity_lines": [ 48.332667, 48.067273, 47.118572, 46.261495 ] }, { "date": "2024-07-12", "close": 50.290001, "volume": 575, "typical_volume": 1766.45, "trend": 45.428667, "fair_value": 47.338173, "relative_strength": 3.187446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.867225, "energy": 75.816522, "activity_lines": [ 49.059667, 48.494182, 47.497881, 46.589764 ] }, { "date": "2024-07-19", "close": 47.950001, "volume": 40, "typical_volume": 1465.25, "trend": 45.581667, "fair_value": 47.255866, "relative_strength": 0.00979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.990411, "energy": 52.524517, "activity_lines": [ 48.829001, 48.437182, 47.626048, 46.75243 ] }, { "date": "2024-07-26", "close": 46.880001, "volume": 60, "typical_volume": 1468.25, "trend": 45.6605, "fair_value": 47.176635, "relative_strength": -2.597266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.56437, "energy": 41.691964, "activity_lines": [ 48.211001, 48.17991, 47.634072, 46.836194 ] }, { "date": "2024-08-02", "close": 46.165001, "volume": 0, "typical_volume": 1264.1, "trend": 45.752167, "fair_value": 47.091539, "relative_strength": -0.985073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.788921, "energy": 14.915336, "activity_lines": [ 47.453001, 47.840455, 47.56412, 46.868742 ] }, { "date": "2024-08-09", "close": 46.400002, "volume": 400, "typical_volume": 1278.75, "trend": 45.870167, "fair_value": 47.011987, "relative_strength": -0.346791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.237585, "energy": 22.258448, "activity_lines": [ 46.899335, 47.580092, 47.512024, 46.910538 ] }, { "date": "2024-08-16", "close": 48.115002, "volume": 0, "typical_volume": 1278.75, "trend": 46.095834, "fair_value": 46.960545, "relative_strength": 0.607657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.180069, "energy": 25.950829, "activity_lines": [ 47.092002, 47.633183, 47.617191, 47.055366 ] }, { "date": "2024-08-23", "close": 48.924999, "volume": 14, "typical_volume": 1153.3, "trend": 46.309167, "fair_value": 46.90109, "relative_strength": 0.981039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.21692, "energy": 22.275461, "activity_lines": [ 47.699667, 47.824637, 47.78512, 47.237893 ] }, { "date": "2024-08-30", "close": 48.389999, "volume": 0, "typical_volume": 948.6, "trend": 46.533334, "fair_value": 46.827051, "relative_strength": -0.773685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.129876, "energy": 32.606852, "activity_lines": [ 48.064, 47.892728, 47.883334, 47.37214 ] }, { "date": "2024-09-06", "close": 46.615002, "volume": 143, "typical_volume": 825.7, "trend": 46.656167, "fair_value": 46.743173, "relative_strength": -0.151297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.188688, "energy": 19.331657, "activity_lines": [ 47.736001, 47.637455, 47.793858, 47.377409 ] }, { "date": "2024-09-13", "close": 47.48, "volume": 0, "typical_volume": 696.5, "trend": 46.7785, "fair_value": 46.677468, "relative_strength": 0.593937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.499082, "energy": 19.558493, "activity_lines": [ 47.666334, 47.565637, 47.771001, 47.43056 ] }, { "date": "2024-09-20", "close": 48.665001, "volume": 0, "typical_volume": 695.4, "trend": 46.922334, "fair_value": 46.626026, "relative_strength": 3.908734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.012113, "energy": 22.586265, "activity_lines": [ 47.919667, 47.737273, 47.850382, 47.552269 ] }, { "date": "2024-09-27", "close": 53.700001, "volume": 2320, "typical_volume": 803.25, "trend": 47.241667, "fair_value": 46.611539, "relative_strength": 11.56181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.78831, "energy": 73.492553, "activity_lines": [ 49.814667, 48.85391, 48.401715, 47.989538 ] }, { "date": "2024-10-04", "close": 54.560001, "volume": 0, "typical_volume": 790.5, "trend": 47.566834, "fair_value": 46.597757, "relative_strength": 15.225214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.145087, "energy": 92.771272, "activity_lines": [ 51.678001, 50.022364, 49.006072, 48.461689 ] }, { "date": "2024-10-11", "close": 53.18, "volume": 720, "typical_volume": 823.5, "trend": 47.832334, "fair_value": 46.568398, "relative_strength": 10.600606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.300523, "energy": 89.465473, "activity_lines": [ 52.670001, 50.800273, 49.454953, 48.823829 ] }, { "date": "2024-10-18", "close": 53.549999, "volume": 84, "typical_volume": 827.7, "trend": 48.113167, "fair_value": 46.536154, "relative_strength": 9.606758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.320111, "energy": 89.602142, "activity_lines": [ 53.347667, 51.517909, 49.915191, 49.19271 ] }, { "date": "2024-10-25", "close": 52.689999, "volume": 20, "typical_volume": 828.7, "trend": 48.366334, "fair_value": 46.505834, "relative_strength": 8.9151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.889858, "energy": 87.586837, "activity_lines": [ 53.334, 51.949182, 50.259905, 49.48799 ] }, { "date": "2024-11-01", "close": 51.650002, "volume": 51, "typical_volume": 722.5, "trend": 48.5885, "fair_value": 46.469039, "relative_strength": 8.503477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.515775, "energy": 59.981649, "activity_lines": [ 52.705334, 52.108182, 50.481453, 49.699839 ] }, { "date": "2024-11-08", "close": 52.110001, "volume": 15, "typical_volume": 723.25, "trend": 48.843, "fair_value": 46.429744, "relative_strength": 10.820466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.296334, "energy": 50.082151, "activity_lines": [ 52.366667, 52.301273, 50.727001, 49.927033 ] }, { "date": "2024-11-15", "close": 50.400002, "volume": 100, "typical_volume": 728.25, "trend": 49.079501, "fair_value": 46.382949, "relative_strength": 8.608746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.743236, "energy": 29.610749, "activity_lines": [ 51.621334, 52.115819, 50.79181, 50.027485 ] }, { "date": "2024-11-22", "close": 49.935001, "volume": 0, "typical_volume": 227.1, "trend": 49.235667, "fair_value": 46.348366, "relative_strength": 6.661889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.257224, "energy": 27.393415, "activity_lines": [ 50.906335, 51.777001, 50.801167, 50.082678 ] }, { "date": "2024-11-29", "close": 49.700001, "volume": 1321, "typical_volume": 264.4, "trend": 49.323167, "fair_value": 46.310225, "relative_strength": 5.586624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.135168, "energy": 24.341948, "activity_lines": [ 50.354001, 51.350819, 50.783786, 50.112635 ] }, { "date": "2024-12-06", "close": 50.610001, "volume": 631, "typical_volume": 293.95, "trend": 49.422334, "fair_value": 46.271955, "relative_strength": 7.124707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.891618, "energy": 25.615447, "activity_lines": [ 50.304334, 51.071274, 50.855882, 50.195657 ] }, { "date": "2024-12-13", "close": 50.650002, "volume": 287, "typical_volume": 305.3, "trend": 49.460334, "fair_value": 46.242917, "relative_strength": 7.769466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.457447, "energy": 17.516998, "activity_lines": [ 50.337335, 50.855183, 50.91912, 50.274861 ] }, { "date": "2024-12-20", "close": 50.02, "volume": 39, "typical_volume": 307.25, "trend": 49.522167, "fair_value": 46.207468, "relative_strength": 9.0584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.403991, "energy": 12.78381, "activity_lines": [ 50.257668, 50.595637, 50.904406, 50.310969 ] }, { "date": "2024-12-27", "close": 50.02, "volume": 0, "typical_volume": 287.25, "trend": 49.639834, "fair_value": 46.170545, "relative_strength": 6.971724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.311997, "energy": 11.070787, "activity_lines": [ 50.203334, 50.393546, 50.871334, 50.343087 ] }, { "date": "2025-01-03", "close": 49.93, "volume": 120, "typical_volume": 293.25, "trend": 49.716667, "fair_value": 46.136763, "relative_strength": 6.250925, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.614222, "energy": 17.294846, "activity_lines": [ 50.113334, 50.239273, 50.812453, 50.361807 ] }, { "date": "2025-01-10", "close": 48.900002, "volume": 192, "typical_volume": 302.15, "trend": 49.763667, "fair_value": 46.086955, "relative_strength": 2.417176, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.944036, "energy": 54.808512, "activity_lines": [ 49.664667, 49.94791, 50.646834, 50.309119 ] }, { "date": "2025-01-17", "close": 49.985001, "volume": 4629, "typical_volume": 533.6, "trend": 49.818001, "fair_value": 46.046603, "relative_strength": 2.732818, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.991367, "energy": 43.512737, "activity_lines": [ 49.691668, 49.903819, 50.584668, 50.323399 ] }, { "date": "2025-01-24", "close": 51.0, "volume": 139, "typical_volume": 533.4, "trend": 49.916167, "fair_value": 46.034616, "relative_strength": 2.083409, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 23.10109, "energy": 17.867012, "activity_lines": [ 50.101334, 50.08291, 50.611572, 50.399657 ] }, { "date": "2025-01-31", "close": 51.400002, "volume": 2091, "typical_volume": 637.95, "trend": 49.995501, "fair_value": 46.012629, "relative_strength": 0.176865, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 42.094332, "energy": 21.957134, "activity_lines": [ 50.579001, 50.323819, 50.655691, 50.495388 ] }, { "date": "2025-02-07", "close": 52.0, "volume": 1900, "typical_volume": 732.95, "trend": 50.052501, "fair_value": 45.985064, "relative_strength": 1.252764, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 59.103678, "energy": 42.810787, "activity_lines": [ 51.164667, 50.647183, 50.738287, 50.62471 ] }, { "date": "2025-02-14", "close": 52.970001, "volume": 129, "typical_volume": 623.4, "trend": 50.219834, "fair_value": 45.970898, "relative_strength": 1.041056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.453297, "energy": 74.866813, "activity_lines": [ 51.935667, 51.105092, 50.897382, 50.812936 ] }, { "date": "2025-02-21", "close": 54.849998, "volume": 95, "typical_volume": 628.15, "trend": 50.485501, "fair_value": 45.982436, "relative_strength": 3.564056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.12474, "energy": 94.101254, "activity_lines": [ 53.062, 51.861909, 51.239001, 51.111657 ] }, { "date": "2025-02-28", "close": 52.610001, "volume": 1811162, "typical_volume": 91150.25, "trend": 50.700334, "fair_value": 45.992885, "relative_strength": -1.188358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.260636, "energy": 80.238391, "activity_lines": [ 53.117333, 52.135091, 51.365905, 51.248721 ] }, { "date": "2025-03-07", "close": 54.650002, "volume": 86688, "typical_volume": 95480.45, "trend": 50.975334, "fair_value": 46.035032, "relative_strength": 1.917348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.066239, "energy": 88.26651, "activity_lines": [ 53.745334, 52.732092, 51.68981, 51.503538 ] }, { "date": "2025-03-14", "close": 53.77, "volume": 91309, "typical_volume": 100044.9, "trend": 51.163834, "fair_value": 46.057725, "relative_strength": 1.379281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.407712, "energy": 78.133751, "activity_lines": [ 53.863334, 53.08491, 51.924667, 51.683839 ] }, { "date": "2025-03-21", "close": 53.66, "volume": 8055, "typical_volume": 100445.1, "trend": 51.321667, "fair_value": 46.080289, "relative_strength": -0.163309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.833536, "energy": 54.019287, "activity_lines": [ 53.826667, 53.34791, 52.143905, 51.844882 ] }, { "date": "2025-03-28", "close": 52.43, "volume": 23868, "typical_volume": 101637.75, "trend": 51.456334, "fair_value": 46.09093, "relative_strength": -0.777619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.000094, "energy": 43.221365, "activity_lines": [ 53.334, 53.300728, 52.236429, 51.916388 ] }, { "date": "2025-04-04", "close": 47.525002, "volume": 19151, "typical_volume": 102590.3, "trend": 51.486667, "fair_value": 46.075385, "relative_strength": -0.937082, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -23.342562, "energy": 23.05394, "activity_lines": [ 51.367667, 52.317273, 51.860286, 51.662753 ] }, { "date": "2025-04-11", "close": 48.415001, "volume": 94652, "typical_volume": 107322.9, "trend": 51.517834, "fair_value": 46.071411, "relative_strength": 4.395751, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.508656, "energy": 39.714528, "activity_lines": [ 50.037001, 51.558819, 51.582596, 51.464581 ] }, { "date": "2025-04-18", "close": 48.805, "volume": 29828, "typical_volume": 108748.25, "trend": 51.522501, "fair_value": 46.080898, "relative_strength": 1.270068, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.140276, "energy": 50.533701, "activity_lines": [ 49.252001, 50.925546, 51.349286, 51.28956 ] }, { "date": "2025-04-25", "close": 50.610001, "volume": 13366, "typical_volume": 109385.0, "trend": 51.419501, "fair_value": 46.100096, "relative_strength": 2.424837, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.269159, "energy": 46.916873, "activity_lines": [ 49.399667, 50.678546, 51.292143, 51.230689 ] }, { "date": "2025-05-02", "close": 53.299999, "volume": 8709, "typical_volume": 109806.1, "trend": 51.377501, "fair_value": 46.149872, "relative_strength": 5.03983, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.247951, "energy": 14.033905, "activity_lines": [ 50.647334, 50.963546, 51.491191, 51.352011 ] }, { "date": "2025-05-09", "close": 53.610001, "volume": 18095, "typical_volume": 110708.9, "trend": 51.391834, "fair_value": 46.203238, "relative_strength": 6.915911, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.318456, "energy": 19.058152, "activity_lines": [ 51.940334, 51.333091, 51.707143, 51.496044 ] }, { "date": "2025-05-16", "close": 55.259998, "volume": 11509, "typical_volume": 111284.35, "trend": 51.448834, "fair_value": 46.258398, "relative_strength": 7.80941, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.172933, "energy": 45.879014, "activity_lines": [ 53.377666, 51.984455, 52.063143, 51.745603 ] }, { "date": "2025-05-23", "close": 55.16, "volume": 20195, "typical_volume": 112288.1, "trend": 51.531167, "fair_value": 46.310481, "relative_strength": 8.573873, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.616318, "energy": 62.023083, "activity_lines": [ 54.325333, 52.606545, 52.384667, 51.985033 ] }, { "date": "2025-05-30", "close": 53.91, "volume": 12853, "typical_volume": 112921.15, "trend": 51.606501, "fair_value": 46.350449, "relative_strength": 5.606088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.663106, "energy": 69.38215, "activity_lines": [ 54.432666, 52.976091, 52.562238, 52.138506 ] }, { "date": "2025-06-06", "close": 56.0, "volume": 11961, "typical_volume": 113287.75, "trend": 51.736167, "fair_value": 46.404423, "relative_strength": 8.146468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.135678, "energy": 76.273958, "activity_lines": [ 55.016666, 53.721091, 52.915, 52.421957 ] }, { "date": "2025-06-13", "close": 56.599998, "volume": 21118, "typical_volume": 114336.7, "trend": 51.942834, "fair_value": 46.47202, "relative_strength": 10.921059, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.455018, "energy": 74.476603, "activity_lines": [ 55.620666, 54.510272, 53.296262, 52.735753 ] }, { "date": "2025-06-20", "close": 57.299999, "volume": 12223, "typical_volume": 114843.3, "trend": 52.188334, "fair_value": 46.536443, "relative_strength": 14.471328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.402939, "energy": 71.651743, "activity_lines": [ 56.258666, 55.261727, 53.717524, 53.081376 ] }, { "date": "2025-06-27", "close": 58.650002, "volume": 6555, "typical_volume": 115076.05, "trend": 52.486667, "fair_value": 46.616827, "relative_strength": 15.632935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.673762, "energy": 79.364571, "activity_lines": [ 57.210667, 56.097091, 54.239262, 53.498258 ] }, { "date": "2025-07-04", "close": 58.52, "volume": 14649, "typical_volume": 115802.05, "trend": 52.750334, "fair_value": 46.692276, "relative_strength": 15.032805, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.183524, "energy": 84.114179, "activity_lines": [ 57.886667, 56.729818, 54.716952, 53.887506 ] }, { "date": "2025-07-11", "close": 59.220001, "volume": 31083, "typical_volume": 117351.45, "trend": 53.036, "fair_value": 46.786122, "relative_strength": 16.279635, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.209837, "energy": 89.620876, "activity_lines": [ 58.488667, 57.346, 55.234881, 54.304903 ] }, { "date": "2025-07-18", "close": 60.91, "volume": 7425, "typical_volume": 27164.6, "trend": 53.399, "fair_value": 46.884295, "relative_strength": 18.532633, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.94662, "energy": 92.803036, "activity_lines": [ 59.439334, 58.161818, 55.892952, 54.812903 ] }, { "date": "2025-07-25", "close": 61.580002, "volume": 12182, "typical_volume": 23439.3, "trend": 53.784334, "fair_value": 46.990417, "relative_strength": 19.401543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.245588, "energy": 92.513172, "activity_lines": [ 60.326001, 58.966728, 56.57531, 55.34071 ] }, { "date": "2025-08-01", "close": 60.68, "volume": 3780, "typical_volume": 19062.85, "trend": 54.142667, "fair_value": 47.088846, "relative_strength": 18.193645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.946856, "energy": 87.091918, "activity_lines": [ 60.627334, 59.493091, 57.138953, 55.785592 ] }, { "date": "2025-08-08", "close": 61.52, "volume": 13972, "typical_volume": 19358.7, "trend": 54.563334, "fair_value": 47.189936, "relative_strength": 18.847098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.174108, "energy": 84.040992, "activity_lines": [ 61.073334, 60.071819, 57.749691, 56.261549 ] }, { "date": "2025-08-15", "close": 62.5, "volume": 23621, "typical_volume": 19346.35, "trend": 54.9805, "fair_value": 47.305161, "relative_strength": 18.02618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.96621, "energy": 80.306374, "activity_lines": [ 61.646, 60.690364, 58.416334, 56.773592 ] }, { "date": "2025-08-22", "close": 62.23, "volume": 12910, "typical_volume": 19034.3, "trend": 55.354834, "fair_value": 47.41093, "relative_strength": 15.129717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.602032, "energy": 67.342166, "activity_lines": [ 61.91, 61.141637, 59.00931, 57.241301 ] }, { "date": "2025-08-29", "close": 62.209999, "volume": 9268, "typical_volume": 14765.1, "trend": 55.715167, "fair_value": 47.529455, "relative_strength": 15.212357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.772654, "energy": 65.926277, "activity_lines": [ 62.079333, 61.486909, 59.530357, 57.68357 ] }, { "date": "2025-09-05", "close": 63.23, "volume": 20141, "typical_volume": 14280.75, "trend": 56.0895, "fair_value": 47.656827, "relative_strength": 14.772946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.359611, "energy": 68.748097, "activity_lines": [ 62.546666, 61.928364, 60.082857, 58.168398 ] }, { "date": "2025-09-12", "close": 66.360001, "volume": 10840, "typical_volume": 14154.45, "trend": 56.535833, "fair_value": 47.813109, "relative_strength": 21.41479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.44008, "energy": 74.866501, "activity_lines": [ 63.887333, 62.855637, 60.864762, 58.831011 ] }, { "date": "2025-09-19", "close": 67.029999, "volume": 13196, "typical_volume": 14378.8, "trend": 56.941834, "fair_value": 47.987436, "relative_strength": 22.725876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.132177, "energy": 91.733637, "activity_lines": [ 65.128666, 63.762182, 61.635476, 59.508054 ] }, { "date": "2025-09-26", "close": 66.290001, "volume": 7189, "typical_volume": 13833.5, "trend": 57.397834, "fair_value": 48.165641, "relative_strength": 22.590822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.257983, "energy": 90.409106, "activity_lines": [ 65.821334, 64.392182, 62.270333, 60.111161 ] }, { "date": "2025-10-03", "close": 69.349998, "volume": 43502, "typical_volume": 15433.15, "trend": 57.887833, "fair_value": 48.359744, "relative_strength": 21.814007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.77271, "energy": 96.219733, "activity_lines": [ 67.263333, 65.480727, 63.136238, 60.882269 ] }, { "date": "2025-10-10", "close": 68.690002, "volume": 313661, "typical_volume": 30106.45, "trend": 58.385167, "fair_value": 48.561795, "relative_strength": 20.330318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.476501, "energy": 90.601232, "activity_lines": [ 68.009334, 66.308, 63.872191, 61.579183 ] }, { "date": "2025-10-17", "close": 68.300003, "volume": 21318, "typical_volume": 30529.7, "trend": 58.873167, "fair_value": 48.763045, "relative_strength": 17.581237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.906505, "energy": 71.768757, "activity_lines": [ 68.261335, 66.918728, 64.506572, 62.21885 ] }, { "date": "2025-10-24", "close": 69.099998, "volume": 12062, "typical_volume": 30534.75, "trend": 59.428834, "fair_value": 48.978205, "relative_strength": 19.095698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.04641, "energy": 70.10536, "activity_lines": [ 68.650667, 67.551637, 65.148619, 62.878645 ] }, { "date": "2025-10-31", "close": 70.360001, "volume": 29530, "typical_volume": 30955.35, "trend": 60.19, "fair_value": 49.186379, "relative_strength": 23.834506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.511622, "energy": 70.958753, "activity_lines": [ 69.322001, 68.293637, 65.848286, 63.583882 ] }, { "date": "2025-11-07", "close": 68.300003, "volume": 38029, "typical_volume": 32245.65, "trend": 60.852834, "fair_value": 49.360994, "relative_strength": 19.024574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.197472, "energy": 63.75918, "activity_lines": [ 69.035335, 68.513274, 66.286239, 64.107108 ] }, { "date": "2025-11-14", "close": 69.610001, "volume": 18146, "typical_volume": 32825.2, "trend": 61.546334, "fair_value": 49.538366, "relative_strength": 17.512832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.749008, "energy": 63.279988, "activity_lines": [ 69.255335, 68.860365, 66.796572, 64.672086 ] }, { "date": "2025-11-21", "close": 65.830002, "volume": 15362, "typical_volume": 32860.85, "trend": 62.053667, "fair_value": 49.69593, "relative_strength": 10.7149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.435443, "energy": 43.270367, "activity_lines": [ 68.154002, 68.404183, 66.894715, 64.948452 ] }, { "date": "2025-11-28", "close": 68.099998, "volume": 9169, "typical_volume": 31765.15, "trend": 62.547, "fair_value": 49.851026, "relative_strength": 12.240311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.776979, "energy": 32.895678, "activity_lines": [ 67.974001, 68.370364, 67.174239, 65.338538 ] }, { "date": "2025-12-05", "close": 69.5, "volume": 27187, "typical_volume": 32753.25, "trend": 63.076667, "fair_value": 50.011731, "relative_strength": 13.146115, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.22611, "energy": 36.566251, "activity_lines": [ 68.327334, 68.571637, 67.54481, 65.787119 ] }, { "date": "2025-12-12", "close": 68.800003, "volume": 8130, "typical_volume": 32550.65, "trend": 63.528, "fair_value": 50.174391, "relative_strength": 11.973959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.919046, "energy": 30.843733, "activity_lines": [ 68.504668, 68.587274, 67.80781, 66.156366 ] }, { "date": "2025-12-19", "close": 68.309998, "volume": 52618, "typical_volume": 34992.55, "trend": 63.966334, "fair_value": 50.334231, "relative_strength": 8.429634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.437811, "energy": 33.375002, "activity_lines": [ 68.485333, 68.523819, 67.989762, 66.464882 ] }, { "date": "2025-12-26", "close": 68.779999, "volume": 7511, "typical_volume": 34669.5, "trend": 64.462, "fair_value": 50.496058, "relative_strength": 8.208866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.106285, "energy": 37.314807, "activity_lines": [ 68.709333, 68.552727, 68.180143, 66.775441 ] }, { "date": "2026-01-02", "close": 70.349998, "volume": 2387, "typical_volume": 33607.8, "trend": 64.940334, "fair_value": 50.650802, "relative_strength": 10.029056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.727656, "energy": 44.160787, "activity_lines": [ 69.259999, 68.858363, 68.485476, 67.155312 ] }, { "date": "2026-01-09", "close": 73.669998, "volume": 21175, "typical_volume": 34021.05, "trend": 65.509334, "fair_value": 50.818013, "relative_strength": 13.290002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.786844, "energy": 66.984783, "activity_lines": [ 70.767332, 69.744908, 69.069619, 67.718516 ] }, { "date": "2026-01-16", "close": 74.989998, "volume": 12882, "typical_volume": 34201.75, "trend": 66.099, "fair_value": 50.989487, "relative_strength": 14.743111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.4379, "energy": 87.572774, "activity_lines": [ 72.436665, 70.811272, 69.725, 68.330172 ] }, { "date": "2026-01-23", "close": 76.599998, "volume": 64835, "typical_volume": 36436.45, "trend": 66.697333, "fair_value": 51.161378, "relative_strength": 18.796351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.833463, "energy": 94.244727, "activity_lines": [ 74.229998, 72.048726, 70.472857, 69.007656 ] }, { "date": "2026-01-30", "close": 78.150002, "volume": 65767, "typical_volume": 39182.8, "trend": 67.351667, "fair_value": 51.348462, "relative_strength": 19.954231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.671506, "energy": 95.404316, "activity_lines": [ 75.987333, 73.440908, 71.304666, 69.746538 ] }, { "date": "2026-02-06", "close": 77.379997, "volume": 38692, "typical_volume": 40457.6, "trend": 67.957, "fair_value": 51.540641, "relative_strength": 15.883933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.88016, "energy": 90.487613, "activity_lines": [ 76.863332, 74.46909, 72.006999, 70.393527 ] }, { "date": "2026-02-13", "close": 78.480003, "volume": 18381, "typical_volume": 41017.2, "trend": 68.542667, "fair_value": 51.747404, "relative_strength": 15.336828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.876763, "energy": 90.795433, "activity_lines": [ 77.637334, 75.528545, 72.764809, 71.07243 ] }, { "date": "2026-02-20", "close": 81.269997, "volume": 15979, "typical_volume": 39641.05, "trend": 69.199, "fair_value": 51.982853, "relative_strength": 16.475607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.550184, "energy": 94.753217, "activity_lines": [ 79.020666, 76.931999, 73.730285, 71.893548 ] }, { "date": "2026-02-27", "close": 82.699997, "volume": 6510, "typical_volume": 24283.5, "trend": 69.933, "fair_value": 52.218077, "relative_strength": 16.393039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.387226, "energy": 93.358988, "activity_lines": [ 80.461999, 78.368726, 74.77519, 72.76458 ] }, { "date": "2026-03-06", "close": 75.82, "volume": 20462, "typical_volume": 24240.7, "trend": 70.409666, "fair_value": 52.420128, "relative_strength": 13.50316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.793527, "energy": 64.863909, "activity_lines": [ 79.203332, 78.292908, 75.098142, 73.144387 ] }, { "date": "2026-03-13", "close": 75.639999, "volume": 82343, "typical_volume": 27754.75, "trend": 70.847666, "fair_value": 52.622019, "relative_strength": 14.746171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.276123, "energy": 49.11196, "activity_lines": [ 78.039999, 78.056363, 75.368142, 73.481827 ] }, { "date": "2026-03-20", "close": 74.93, "volume": 11686, "typical_volume": 26862.55, "trend": 71.271, "fair_value": 52.809103, "relative_strength": 17.579608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.257313, "energy": 31.194058, "activity_lines": [ 76.755999, 77.594545, 75.53938, 73.745204 ] }, { "date": "2026-03-27", "close": 73.160004, "volume": 64476, "typical_volume": 28184.9, "trend": 71.636, "fair_value": 52.980705, "relative_strength": 11.803589, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.424154, "energy": 26.989957, "activity_lines": [ 75.118668, 76.788, 75.520285, 73.867075 ] }, { "date": "2026-04-03", "close": 73.730003, "volume": 16601, "typical_volume": 28107.65, "trend": 71.986, "fair_value": 53.158205, "relative_strength": 8.460378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.25009, "energy": 23.977731, "activity_lines": [ 74.212002, 76.118364, 75.532333, 74.002172 ] }, { "date": "2026-04-10", "close": 79.730003, "volume": 20539, "typical_volume": 28366.5, "trend": 72.431667, "fair_value": 53.374039, "relative_strength": 14.762178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.093794, "energy": 24.826303, "activity_lines": [ 75.903336, 76.591819, 76.096191, 74.501785 ] }, { "date": "2026-04-17", "close": 84.470001, "volume": 33094, "typical_volume": 29562.75, "trend": 73.013, "fair_value": 53.62702, "relative_strength": 18.470006, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.606386, "energy": 43.583649, "activity_lines": [ 78.914002, 77.898365, 77.045286, 75.278452 ] }, { "date": "2026-04-24", "close": 84.440002, "volume": 36039, "typical_volume": 30005.35, "trend": 73.618, "fair_value": 53.880449, "relative_strength": 19.796152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.359999, "energy": 72.300558, "activity_lines": [ 81.326002, 79.070547, 77.913572, 76.015678 ] }, { "date": "2026-05-01", "close": 84.220001, "volume": 38310, "typical_volume": 31514.35, "trend": 74.113667, "fair_value": 54.13125, "relative_strength": 18.907312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.893348, "energy": 80.716376, "activity_lines": [ 83.030668, 80.094365, 78.689763, 76.699678 ] }, { "date": "2026-05-08", "close": 91.709999, "volume": 8134, "typical_volume": 29290.15, "trend": 74.881, "fair_value": 54.437148, "relative_strength": 28.65732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.445421, "energy": 92.36379, "activity_lines": [ 86.494667, 82.426365, 80.105858, 77.834925 ] }, { "date": "2026-05-15", "close": 89.129997, "volume": 86316, "typical_volume": 33230.4, "trend": 75.575333, "fair_value": 54.721955, "relative_strength": 22.924518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.21365, "energy": 88.032612, "activity_lines": [ 87.899999, 84.125455, 81.16481, 78.754215 ] }, { "date": "2026-05-22", "close": 90.860001, "volume": 22972, "typical_volume": 34259.65, "trend": 76.300667, "fair_value": 55.019423, "relative_strength": 21.74177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.115646, "energy": 88.089497, "activity_lines": [ 89.255333, 85.897091, 82.291619, 79.740323 ] }, { "date": "2026-05-29", "close": 95.139999, "volume": 291900, "typical_volume": 47795.9, "trend": 77.126667, "fair_value": 55.339968, "relative_strength": 25.958583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.568865, "energy": 91.511804, "activity_lines": [ 91.611333, 88.170182, 83.728381, 80.955764 ] }, { "date": "2026-06-05", "close": 90.980003, "volume": 49996, "typical_volume": 49651.6, "trend": 77.882667, "fair_value": 55.630289, "relative_strength": 20.895411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.114148, "energy": 76.611542, "activity_lines": [ 91.867334, 89.319455, 84.666715, 81.849527 ] }, { "date": "2026-06-12", "close": 92.779999, "volume": 1829, "typical_volume": 46501.3, "trend": 78.655, "fair_value": 55.924872, "relative_strength": 19.548827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.996454, "energy": 73.407495, "activity_lines": [ 92.272667, 90.472, 85.700334, 82.810645 ] }, { "date": "2026-06-19", "close": 98.089996, "volume": 1794, "typical_volume": 43302.65, "trend": 79.730333, "fair_value": 56.269007, "relative_strength": 24.812426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.671222, "energy": 83.311695, "activity_lines": [ 94.376666, 92.243636, 87.162619, 84.064516 ] }, { "date": "2026-06-26", "close": 92.760002, "volume": 7490, "typical_volume": 41742.55, "trend": 80.552333, "fair_value": 56.577084, "relative_strength": 14.075896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.271585, "energy": 60.54133, "activity_lines": [ 94.106666, 92.712363, 88.022334, 84.90514 ] }, { "date": "2026-07-03", "close": 93.199997, "volume": 1917, "typical_volume": 40919.35, "trend": 81.342333, "fair_value": 56.890289, "relative_strength": 12.027482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.547264, "energy": 58.065567, "activity_lines": [ 93.856665, 93.110363, 88.850714, 85.721118 ] }, { "date": "2026-07-10", "close": 91.870003, "volume": 4838, "typical_volume": 40362.3, "trend": 82.111333, "fair_value": 57.180289, "relative_strength": 11.341923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.149396, "energy": 53.927557, "activity_lines": [ 93.292667, 93.107273, 89.482334, 86.400323 ] }, { "date": "2026-07-17", "close": 86.639999, "volume": 50220, "typical_volume": 42547.8, "trend": 82.722333, "fair_value": 57.441795, "relative_strength": 3.878436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.369491, "energy": 28.46407, "activity_lines": [ 90.926, 92.014182, 89.565381, 86.692495 ] }, { "date": "2026-07-24", "close": 88.139999, "volume": 12170, "typical_volume": 42133.2, "trend": 83.367666, "fair_value": 57.703302, "relative_strength": 5.449402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.732843, "energy": 24.320063, "activity_lines": [ 89.468666, 91.286, 89.772524, 87.042022 ] }, { "date": "2026-07-31", "close": 87.040001, "volume": 4519, "typical_volume": 38242.0, "trend": 83.924, "fair_value": 57.963846, "relative_strength": 3.674528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.766544, "energy": 22.83929, "activity_lines": [ 88.308, 90.375818, 89.816238, 87.278946 ] }, { "date": "2026-08-07", "close": 89.07, "volume": 19640, "typical_volume": 38639.7, "trend": 84.437333, "fair_value": 58.249199, "relative_strength": 4.320523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.146328, "energy": 19.810565, "activity_lines": [ 88.205333, 89.904182, 89.999, 87.610946 ] } ], "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." } } }