{ "ticker": { "uuid": "e3e1880c-ff2a-485b-a36f-e90283e701f6", "symbol": "ACAA", "name": "Arrow Long/Short Alternative Fund ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 85.634, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "up", "architecture_direction": -19.185, "architecture_energy": 45.173, "architecture_maturity": 41.428, "architecture_confidence": 66.868, "architecture_tenure": "Developing", "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": 39.9, "rotation_up": 22.04, "upward_expansion": 56.73, "deceleration": 61.76, "rotation_down": 53.34, "downward_expansion": 43.73 }, "activity_lines": [ 26.299999, 26.432, 26.576952, 26.488623 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 26.139999, "trend_reference": 26.280666, "distance_from_trend": -0.005353, "trend_direction": "Improving", "fair_value": 23.081835, "distance_from_fair_value": 0.132492, "fair_value_direction": "Weakening", "relative_strength": -6.967125, "relative_strength_direction": "Weakening", "price_momentum": 0.038951, "excess_performance": -0.081471, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005353, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.034305, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.132492, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.066064, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.069671, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.082371, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.038951, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.098264, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.098264, "dry_up": 1.443304, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.007828, "annualized_volatility": 0.072223, "from_high_reference": -0.055977, "from_low_reference": 0.215814 }, "levels": { "trend_reference": 26.280666, "fair_value_reference": 23.081835, "structural_low": 25.16, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": 0.007154, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.001282, "regime_survival": 1.0, "best_return": 0.007154, "worst_return": 0.007154, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-06-12", "tenure": "Established", "return": 0.051881, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.015813, "active": true } ], "chart_path": [ { "date": "2024-07-12", "close": 20.65, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 20.68, "volume": 25600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 20.51, "volume": 600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 20.51, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 20.34, "volume": 1250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 20.690001, "volume": 1035, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 20.690001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 20.690001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 20.620001, "volume": 19410, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 20.620001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 20.620001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 20.620001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 20.620001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 20.799999, "volume": 100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 21.26, "volume": 1100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 21.299999, "volume": 100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 21.52, "volume": 1200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 21.9, "volume": 320, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 21.5, "volume": 150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 22.0, "volume": 790, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 22.379999, "volume": 4400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 22.27, "volume": 146, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 22.27, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 21.879999, "volume": 35000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 21.879999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 21.969999, "volume": 100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 21.969999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 22.0, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 22.0, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 21.6, "volume": 35700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 21.6, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 21.459999, "volume": 100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 21.459999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 21.469999, "volume": 3100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 21.469999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 20.67, "volume": 635, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 21.110001, "volume": 25000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 21.15, "volume": 600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 21.15, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 20.27, "volume": 730, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 20.27, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 20.49, "volume": 100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 20.860001, "volume": 1750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 20.9, "volume": 1000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 20.9, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 20.9, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 21.629999, "volume": 400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 21.799999, "volume": 20560, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 21.799999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 21.809999, "volume": 400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 21.790001, "volume": 1800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 21.68, "volume": 2700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 21.940001, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 22.190001, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 22.32, "volume": 26200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 21.700001, "volume": 1100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 21.700001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 22.120001, "volume": 1000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 22.299999, "volume": 1400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 22.299999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 21.76, "volume": 231, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 22.49, "volume": 300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 22.799999, "volume": 21400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 22.799999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 22.799999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 22.799999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 23.99, "volume": 800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 23.780001, "volume": 2440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 23.92, "volume": 35100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 23.59, "volume": 1100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 23.59, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 23.59, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 23.59, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 23.59, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 24.200001, "volume": 400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 24.16, "volume": 400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 24.16, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 24.16, "volume": 4800, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 24.16, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 25.25, "volume": 4800, "typical_volume": 3588.55, "trend": 23.040667, "fair_value": 21.909375, "relative_strength": -5.031113, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.800802, "energy": 75.937743, "activity_lines": [ 24.523333, 24.258182, 23.929476, 23.55071 ] }, { "date": "2026-01-23", "close": 25.41, "volume": 300, "typical_volume": 3592.0, "trend": 23.161333, "fair_value": 21.952593, "relative_strength": -4.508581, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.622469, "energy": 94.411999, "activity_lines": [ 24.867333, 24.506364, 24.105762, 23.70357 ] }, { "date": "2026-01-30", "close": 25.41, "volume": 0, "typical_volume": 3577.0, "trend": 23.285667, "fair_value": 21.994756, "relative_strength": -0.735882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.471654, "energy": 94.061987, "activity_lines": [ 25.128, 24.721455, 24.264667, 23.848645 ] }, { "date": "2026-02-06", "close": 25.16, "volume": 1506, "typical_volume": 2582.3, "trend": 23.393, "fair_value": 22.032892, "relative_strength": -3.19769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.130745, "energy": 88.198613, "activity_lines": [ 25.222, 24.858, 24.385857, 23.96957 ] }, { "date": "2026-02-13", "close": 25.74, "volume": 2000, "typical_volume": 2682.3, "trend": 23.511333, "fair_value": 22.077024, "relative_strength": -2.621437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.605753, "energy": 93.079762, "activity_lines": [ 25.442667, 25.071455, 24.551048, 24.120989 ] }, { "date": "2026-02-20", "close": 25.959999, "volume": 100, "typical_volume": 2687.3, "trend": 23.632667, "fair_value": 22.122706, "relative_strength": -3.750697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.552245, "energy": 88.653844, "activity_lines": [ 25.631333, 25.285818, 24.72319, 24.278968 ] }, { "date": "2026-02-27", "close": 26.02, "volume": 500, "typical_volume": 2712.3, "trend": 23.776667, "fair_value": 22.168023, "relative_strength": -4.794608, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.569173, "energy": 71.464872, "activity_lines": [ 25.792666, 25.479091, 24.886, 24.432989 ] }, { "date": "2026-03-06", "close": 26.129999, "volume": 700, "typical_volume": 2707.3, "trend": 23.924333, "fair_value": 22.213563, "relative_strength": -0.575744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.74669, "energy": 69.665566, "activity_lines": [ 25.949999, 25.658545, 25.043952, 24.584817 ] }, { "date": "2026-03-13", "close": 25.93, "volume": 242400, "typical_volume": 14705.3, "trend": 24.051333, "fair_value": 22.255795, "relative_strength": 0.415372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.917413, "energy": 65.59789, "activity_lines": [ 25.992666, 25.765818, 25.172667, 24.714215 ] }, { "date": "2026-03-20", "close": 25.639999, "volume": 502, "typical_volume": 12975.4, "trend": 24.162666, "fair_value": 22.29382, "relative_strength": 3.241556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.131411, "energy": 63.824402, "activity_lines": [ 25.887333, 25.788181, 25.263524, 24.81671 ] }, { "date": "2026-03-27", "close": 26.110001, "volume": 101, "typical_volume": 12925.45, "trend": 24.289667, "fair_value": 22.336222, "relative_strength": 3.111175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.499644, "energy": 61.357375, "activity_lines": [ 25.945333, 25.869091, 25.390952, 24.942344 ] }, { "date": "2026-04-03", "close": 26.190001, "volume": 1002, "typical_volume": 12975.55, "trend": 24.437333, "fair_value": 22.378571, "relative_strength": 0.136147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.184094, "energy": 61.630383, "activity_lines": [ 26.02, 25.948909, 25.514, 25.064946 ] }, { "date": "2026-04-10", "close": 26.309999, "volume": 601, "typical_volume": 13005.6, "trend": 24.564667, "fair_value": 22.421304, "relative_strength": -0.969939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.504916, "energy": 58.640916, "activity_lines": [ 26.123333, 26.036363, 25.636095, 25.185763 ] }, { "date": "2026-04-17", "close": 26.450001, "volume": 1500, "typical_volume": 13080.6, "trend": 24.686333, "fair_value": 22.464624, "relative_strength": -2.166855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.559323, "energy": 67.588776, "activity_lines": [ 26.261334, 26.132909, 25.758571, 25.307398 ] }, { "date": "2026-04-24", "close": 26.450001, "volume": 0, "typical_volume": 13080.6, "trend": 24.808, "fair_value": 22.507021, "relative_strength": -0.771918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.56505, "energy": 78.200211, "activity_lines": [ 26.364667, 26.206, 25.867429, 25.421183 ] }, { "date": "2026-05-01", "close": 27.059999, "volume": 1500, "typical_volume": 13135.6, "trend": 24.95, "fair_value": 22.554947, "relative_strength": 1.641956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.094985, "energy": 82.389442, "activity_lines": [ 26.617333, 26.377091, 26.020762, 25.566473 ] }, { "date": "2026-05-08", "close": 27.09, "volume": 1300, "typical_volume": 13180.6, "trend": 25.093, "fair_value": 22.602187, "relative_strength": 1.270007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.056731, "energy": 88.080777, "activity_lines": [ 26.816667, 26.533636, 26.163333, 25.704538 ] }, { "date": "2026-05-15", "close": 27.09, "volume": 0, "typical_volume": 13180.6, "trend": 25.196333, "fair_value": 22.648454, "relative_strength": 2.011617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.871276, "energy": 85.941329, "activity_lines": [ 26.956, 26.670727, 26.291952, 25.833376 ] }, { "date": "2026-05-22", "close": 26.98, "volume": 149, "typical_volume": 12948.05, "trend": 25.303, "fair_value": 22.692653, "relative_strength": -0.222119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.63644, "energy": 78.714397, "activity_lines": [ 27.006667, 26.770364, 26.396143, 25.948452 ] }, { "date": "2026-05-29", "close": 27.1, "volume": 300, "typical_volume": 12963.05, "trend": 25.409, "fair_value": 22.737172, "relative_strength": -0.522007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.405273, "energy": 72.566223, "activity_lines": [ 27.062, 26.872727, 26.498333, 26.064387 ] }, { "date": "2026-06-05", "close": 26.559999, "volume": 203, "typical_volume": 12733.2, "trend": 25.508, "fair_value": 22.7754, "relative_strength": -1.36834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.810969, "energy": 59.478883, "activity_lines": [ 26.894, 26.850363, 26.535095, 26.138645 ] }, { "date": "2026-06-12", "close": 26.559999, "volume": 0, "typical_volume": 12718.2, "trend": 25.607, "fair_value": 22.812871, "relative_strength": -2.699774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.834028, "energy": 50.003218, "activity_lines": [ 26.759333, 26.819818, 26.565619, 26.206516 ] }, { "date": "2026-06-19", "close": 26.559999, "volume": 0, "typical_volume": 12718.2, "trend": 25.706, "fair_value": 22.849608, "relative_strength": -2.633702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.117789, "energy": 36.185462, "activity_lines": [ 26.659999, 26.782545, 26.590666, 26.268 ] }, { "date": "2026-06-26", "close": 26.4, "volume": 0, "typical_volume": 12642.9, "trend": 25.799667, "fair_value": 22.884078, "relative_strength": -3.103756, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.679564, "energy": 35.166143, "activity_lines": [ 26.542666, 26.711636, 26.595, 26.312774 ] }, { "date": "2026-07-03", "close": 26.75, "volume": 0, "typical_volume": 12542.9, "trend": 25.905, "fair_value": 22.92125, "relative_strength": -2.461291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.443856, "energy": 29.034872, "activity_lines": [ 26.580666, 26.705272, 26.626762, 26.374086 ] }, { "date": "2026-07-10", "close": 26.75, "volume": 0, "typical_volume": 12537.9, "trend": 25.99, "fair_value": 22.957714, "relative_strength": -2.490868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.788254, "energy": 28.962661, "activity_lines": [ 26.642, 26.693454, 26.653714, 26.428602 ] }, { "date": "2026-07-17", "close": 26.75, "volume": 0, "typical_volume": 12512.9, "trend": 26.076333, "fair_value": 22.993491, "relative_strength": -2.246135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.208036, "energy": 39.348699, "activity_lines": [ 26.690667, 26.687272, 26.676905, 26.477634 ] }, { "date": "2026-07-24", "close": 26.33, "volume": 301, "typical_volume": 12492.95, "trend": 26.148667, "fair_value": 23.024673, "relative_strength": -3.906734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.651484, "energy": 15.832945, "activity_lines": [ 26.586667, 26.610909, 26.656619, 26.494 ] }, { "date": "2026-07-31", "close": 26.139999, "volume": 2400, "typical_volume": 492.95, "trend": 26.214666, "fair_value": 23.053518, "relative_strength": -4.067537, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.061465, "energy": 17.62748, "activity_lines": [ 26.434666, 26.513818, 26.617285, 26.493441 ] }, { "date": "2026-08-07", "close": 26.139999, "volume": 0, "typical_volume": 467.85, "trend": 26.280666, "fair_value": 23.081835, "relative_strength": -6.967125, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -19.185251, "energy": 45.172995, "activity_lines": [ 26.299999, 26.432, 26.576952, 26.488623 ] } ], "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." } } }