{ "ticker": { "uuid": "e4cc855b-290e-4b48-9773-c741b31c10e6", "symbol": "PEXL", "name": "PACER FDS TR US EXPORT LEADERS ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 44.013, "architecture_energy": 26.225, "architecture_maturity": 66.273, "architecture_confidence": 89.888, "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": 35.02, "rotation_up": 28.18, "upward_expansion": 58.73, "deceleration": 88.27, "rotation_down": 29.62, "downward_expansion": 20.07 }, "activity_lines": [ 71.485573, 72.062422, 71.415756, 69.35055 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 72.9731, "trend_reference": 66.891542, "distance_from_trend": 0.090917, "trend_direction": "Improving", "fair_value": 52.495257, "distance_from_fair_value": 0.390089, "fair_value_direction": "Weakening", "relative_strength": 3.302352, "relative_strength_direction": "Weakening", "price_momentum": 0.168279, "excess_performance": 0.042654, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090917, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06604, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.390089, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.018283, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.033024, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.050669, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.168279, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.83376, "read": "Demand-led" } ], "volume": { "latest": 13931, "relative_activity": 1.363565, "balance": 1.83376, "dry_up": 0.819989, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.040015, "annualized_volatility": 0.212298, "from_high_reference": -0.037802, "from_low_reference": 0.375944 }, "levels": { "trend_reference": 66.891542, "fair_value_reference": 52.495257, "structural_low": 56.534777, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.00308, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.012694, "regime_survival": 0.25, "best_return": 0.098427, "worst_return": -0.090482, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.074065, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.024474, "regime_survival": 0.0, "best_return": 0.229017, "worst_return": -0.002023, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.067689, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.047432, "regime_survival": 0.25, "best_return": 0.130449, "worst_return": -0.012167, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.054078, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.092505, "regime_survival": 0.0, "best_return": 0.233828, "worst_return": -0.19446, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-04-19", "tenure": "Established", "return": 0.020495, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.039372, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.048631, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-10-11", "tenure": "Developing", "return": 0.075545, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.010989, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-03-07", "tenure": "Established", "return": -0.02248, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-30", "tenure": "Developing", "return": 0.036937, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.090253, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-03-06", "tenure": "Extended", "return": 0.136943, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": -0.03913, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.058069, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.017442, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.03691, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.034843, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 41.790038, "volume": 17080, "typical_volume": 27230.8, "trend": 40.94841, "fair_value": 38.613912, "relative_strength": -0.480717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.532866, "energy": 33.417196, "activity_lines": [ 42.950326, 43.146833, 42.286002, 41.62779 ] }, { "date": "2023-08-25", "close": 42.219462, "volume": 9330, "typical_volume": 27322.95, "trend": 41.017281, "fair_value": 38.690768, "relative_strength": -0.285703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.118885, "energy": 24.151994, "activity_lines": [ 42.574708, 42.993781, 42.358878, 41.709793 ] }, { "date": "2023-09-01", "close": 43.787137, "volume": 11887, "typical_volume": 26120.55, "trend": 41.102294, "fair_value": 38.78292, "relative_strength": 0.753526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.273028, "energy": 26.960518, "activity_lines": [ 42.842588, 43.13429, 42.568883, 41.888494 ] }, { "date": "2023-09-08", "close": 42.310325, "volume": 13595, "typical_volume": 24445.55, "trend": 41.166085, "fair_value": 38.869011, "relative_strength": -1.43898, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.191293, "energy": 21.257751, "activity_lines": [ 42.661429, 42.964415, 42.621717, 41.966431 ] }, { "date": "2023-09-15", "close": 42.104995, "volume": 14194, "typical_volume": 23513.95, "trend": 41.218921, "fair_value": 38.953454, "relative_strength": -1.848794, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.278903, "energy": 17.029301, "activity_lines": [ 42.490443, 42.773409, 42.642992, 42.027006 ] }, { "date": "2023-09-22", "close": 40.906449, "volume": 22728, "typical_volume": 23476.9, "trend": 41.271058, "fair_value": 39.034257, "relative_strength": -1.860168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.473742, "energy": 9.578541, "activity_lines": [ 41.978462, 42.374067, 42.537132, 42.006847 ] }, { "date": "2023-09-29", "close": 41.193667, "volume": 15056, "typical_volume": 22961.45, "trend": 41.292164, "fair_value": 39.111926, "relative_strength": -0.592393, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.141042, "energy": 19.994646, "activity_lines": [ 41.621127, 42.080916, 42.449506, 42.001854 ] }, { "date": "2023-10-06", "close": 40.669474, "volume": 32481, "typical_volume": 23552.65, "trend": 41.36819, "fair_value": 39.175662, "relative_strength": -2.373376, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.323874, "energy": 42.318383, "activity_lines": [ 41.157447, 41.744092, 42.299286, 41.96168 ] }, { "date": "2023-10-13", "close": 40.518546, "volume": 17296, "typical_volume": 19682.05, "trend": 41.432904, "fair_value": 39.237447, "relative_strength": -3.238106, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.190559, "energy": 54.365716, "activity_lines": [ 40.851301, 41.448302, 42.130138, 41.906864 ] }, { "date": "2023-10-20", "close": 39.340892, "volume": 48799, "typical_volume": 21441.7, "trend": 41.43702, "fair_value": 39.291532, "relative_strength": -3.788622, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.318489, "energy": 63.559016, "activity_lines": [ 40.272057, 40.992412, 41.847629, 41.771896 ] }, { "date": "2023-10-27", "close": 37.971956, "volume": 25119, "typical_volume": 21328.3, "trend": 41.336936, "fair_value": 39.348599, "relative_strength": -4.77596, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.163513, "energy": 75.858218, "activity_lines": [ 39.420773, 40.35384, 41.441743, 41.548343 ] }, { "date": "2023-11-03", "close": 40.038761, "volume": 17266, "typical_volume": 20988.5, "trend": 41.349466, "fair_value": 39.401675, "relative_strength": -5.105451, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.479552, "energy": 60.971762, "activity_lines": [ 39.454058, 40.160471, 41.247171, 41.46459 ] }, { "date": "2023-11-10", "close": 40.28711, "volume": 9318, "typical_volume": 21206.2, "trend": 41.348451, "fair_value": 39.453228, "relative_strength": -5.694192, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.067962, "energy": 48.854581, "activity_lines": [ 39.647119, 40.051906, 41.088869, 41.396051 ] }, { "date": "2023-11-17", "close": 41.714102, "volume": 14690, "typical_volume": 21591.95, "trend": 41.412601, "fair_value": 39.512103, "relative_strength": -4.49985, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.799393, "energy": 20.436306, "activity_lines": [ 40.341336, 40.26643, 41.072171, 41.419641 ] }, { "date": "2023-11-24", "close": 42.13405, "volume": 56701, "typical_volume": 23258.75, "trend": 41.504486, "fair_value": 39.568099, "relative_strength": -4.436471, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -17.666179, "energy": 19.752593, "activity_lines": [ 41.095831, 40.568149, 41.102551, 41.466187 ] }, { "date": "2023-12-01", "close": 42.694145, "volume": 21470, "typical_volume": 23327.3, "trend": 41.627919, "fair_value": 39.621175, "relative_strength": -3.907138, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 16.032332, "energy": 27.176142, "activity_lines": [ 41.850814, 40.971176, 41.188645, 41.542939 ] }, { "date": "2023-12-08", "close": 42.734004, "volume": 34377, "typical_volume": 24149.7, "trend": 41.767956, "fair_value": 39.677213, "relative_strength": -3.986212, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.864669, "energy": 36.355634, "activity_lines": [ 42.304271, 41.348945, 41.284156, 41.614299 ] }, { "date": "2023-12-15", "close": 44.857579, "volume": 106976, "typical_volume": 26860.0, "trend": 41.939437, "fair_value": 39.740928, "relative_strength": -1.553134, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.079441, "energy": 64.027346, "activity_lines": [ 43.285903, 42.084813, 41.588101, 41.813629 ] }, { "date": "2023-12-22", "close": 45.436565, "volume": 88616, "typical_volume": 30470.35, "trend": 42.111796, "fair_value": 39.808843, "relative_strength": -1.184238, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.984984, "energy": 74.669234, "activity_lines": [ 44.155833, 42.849804, 41.945179, 42.039251 ] }, { "date": "2023-12-29", "close": 45.244923, "volume": 57191, "typical_volume": 31708.5, "trend": 42.259612, "fair_value": 39.873758, "relative_strength": -1.918078, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.936435, "energy": 77.509401, "activity_lines": [ 44.713718, 43.490533, 42.274733, 42.241388 ] }, { "date": "2024-01-05", "close": 43.656909, "volume": 23309, "typical_volume": 32019.95, "trend": 42.347784, "fair_value": 39.91688, "relative_strength": -3.778383, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.530695, "energy": 69.767023, "activity_lines": [ 44.534873, 43.735186, 42.442276, 42.331536 ] }, { "date": "2024-01-12", "close": 44.123512, "volume": 25893, "typical_volume": 32848.1, "trend": 42.395617, "fair_value": 39.965326, "relative_strength": -4.400461, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.936302, "energy": 67.053464, "activity_lines": [ 44.447378, 43.961312, 42.645367, 42.446099 ] }, { "date": "2024-01-19", "close": 44.839009, "volume": 15982, "typical_volume": 33052.85, "trend": 42.507445, "fair_value": 40.015349, "relative_strength": -3.872927, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.471557, "energy": 53.548702, "activity_lines": [ 44.505749, 44.243261, 42.907534, 42.603737 ] }, { "date": "2024-01-26", "close": 45.229874, "volume": 27317, "typical_volume": 33738.95, "trend": 42.575059, "fair_value": 40.080545, "relative_strength": -3.878552, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.12463, "energy": 52.299389, "activity_lines": [ 44.695646, 44.513515, 43.201917, 42.779378 ] }, { "date": "2024-02-02", "close": 45.501737, "volume": 19400, "typical_volume": 33999.25, "trend": 42.67072, "fair_value": 40.138184, "relative_strength": -4.477713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.487526, "energy": 64.599967, "activity_lines": [ 44.989943, 44.769275, 43.50829, 42.968196 ] }, { "date": "2024-02-09", "close": 46.491672, "volume": 29482, "typical_volume": 34336.95, "trend": 42.757948, "fair_value": 40.194098, "relative_strength": -3.584204, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.592115, "energy": 80.803797, "activity_lines": [ 45.597097, 45.143792, 43.892767, 43.214709 ] }, { "date": "2024-02-16", "close": 46.385639, "volume": 17751, "typical_volume": 34471.7, "trend": 42.836351, "fair_value": 40.251813, "relative_strength": -3.321047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.77273, "energy": 84.87495, "activity_lines": [ 45.979923, 45.429985, 44.240549, 43.448753 ] }, { "date": "2024-02-23", "close": 46.978768, "volume": 33501, "typical_volume": 34522.7, "trend": 42.921122, "fair_value": 40.319103, "relative_strength": -3.533108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.509903, "energy": 85.572847, "activity_lines": [ 46.409651, 45.757626, 44.620096, 43.716006 ] }, { "date": "2024-03-01", "close": 48.035332, "volume": 33417, "typical_volume": 35328.75, "trend": 43.072648, "fair_value": 40.395215, "relative_strength": -2.163859, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.212597, "energy": 89.518357, "activity_lines": [ 47.048915, 46.238803, 45.070225, 44.045955 ] }, { "date": "2024-03-08", "close": 48.262544, "volume": 21793, "typical_volume": 33978.45, "trend": 43.248639, "fair_value": 40.465783, "relative_strength": -1.351559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.489308, "energy": 85.881011, "activity_lines": [ 47.576887, 46.71404, 45.506198, 44.380787 ] }, { "date": "2024-03-15", "close": 47.597539, "volume": 22246, "typical_volume": 33834.8, "trend": 43.442223, "fair_value": 40.533158, "relative_strength": -2.517877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.269925, "energy": 77.975473, "activity_lines": [ 47.699136, 47.013502, 45.836353, 44.661361 ] }, { "date": "2024-03-22", "close": 48.754311, "volume": 18926, "typical_volume": 33917.8, "trend": 43.660051, "fair_value": 40.605007, "relative_strength": -2.191416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.726493, "energy": 82.451119, "activity_lines": [ 48.133252, 47.451638, 46.230841, 45.004077 ] }, { "date": "2024-03-29", "close": 49.071468, "volume": 16666, "typical_volume": 34285.2, "trend": 43.836195, "fair_value": 40.673502, "relative_strength": -1.752496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.648867, "energy": 77.211677, "activity_lines": [ 48.515175, 47.863243, 46.614031, 45.3532 ] }, { "date": "2024-04-05", "close": 48.503956, "volume": 20260, "typical_volume": 34563.7, "trend": 44.04265, "fair_value": 40.733437, "relative_strength": -1.925104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.294663, "energy": 64.275667, "activity_lines": [ 48.568414, 48.09471, 46.901343, 45.654346 ] }, { "date": "2024-04-12", "close": 47.302428, "volume": 60587, "typical_volume": 34758.0, "trend": 44.215897, "fair_value": 40.781956, "relative_strength": -2.80653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.013016, "energy": 56.573134, "activity_lines": [ 48.189902, 48.048188, 47.041891, 45.864655 ] }, { "date": "2024-04-19", "close": 45.757974, "volume": 11208, "typical_volume": 34244.9, "trend": 44.377615, "fair_value": 40.818959, "relative_strength": -2.892461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.697797, "energy": 32.304514, "activity_lines": [ 47.36058, 47.688117, 47.010736, 45.964143 ] }, { "date": "2024-04-26", "close": 47.224427, "volume": 48220, "typical_volume": 34937.05, "trend": 44.57864, "fair_value": 40.869754, "relative_strength": -2.301472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.093677, "energy": 24.229272, "activity_lines": [ 47.142713, 47.608013, 47.104654, 46.147809 ] }, { "date": "2024-05-03", "close": 47.293805, "volume": 17638, "typical_volume": 30470.15, "trend": 44.799451, "fair_value": 40.917567, "relative_strength": -2.671413, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.594816, "energy": 24.777636, "activity_lines": [ 47.049964, 47.525273, 47.183797, 46.322981 ] }, { "date": "2024-05-10", "close": 48.519318, "volume": 18126, "typical_volume": 26945.65, "trend": 45.066144, "fair_value": 40.978979, "relative_strength": -1.943938, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.554817, "energy": 24.637436, "activity_lines": [ 47.484231, 47.659626, 47.368054, 46.562972 ] }, { "date": "2024-05-17", "close": 49.083758, "volume": 15972, "typical_volume": 24884.7, "trend": 45.390906, "fair_value": 41.041861, "relative_strength": -2.346365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.060519, "energy": 45.654801, "activity_lines": [ 48.10562, 47.887804, 47.591387, 46.822173 ] }, { "date": "2024-05-24", "close": 48.983953, "volume": 23938, "typical_volume": 24916.15, "trend": 45.757972, "fair_value": 41.098356, "relative_strength": -2.449373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.068877, "energy": 56.180194, "activity_lines": [ 48.574986, 48.082905, 47.786935, 47.053982 ] }, { "date": "2024-05-31", "close": 48.60495, "volume": 16330, "typical_volume": 24438.0, "trend": 46.043512, "fair_value": 41.15177, "relative_strength": -2.733615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.893195, "energy": 60.311415, "activity_lines": [ 48.702952, 48.183889, 47.921021, 47.237658 ] }, { "date": "2024-06-07", "close": 48.401177, "volume": 16883, "typical_volume": 24483.05, "trend": 46.313981, "fair_value": 41.202155, "relative_strength": -4.226202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.240636, "energy": 54.591271, "activity_lines": [ 48.670959, 48.250539, 48.014359, 47.389766 ] }, { "date": "2024-06-14", "close": 48.392257, "volume": 19802, "typical_volume": 24107.3, "trend": 46.536586, "fair_value": 41.260112, "relative_strength": -5.617827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.665214, "energy": 37.733379, "activity_lines": [ 48.562167, 48.327754, 48.089885, 47.523848 ] }, { "date": "2024-06-21", "close": 48.757483, "volume": 12327, "typical_volume": 23753.65, "trend": 46.757367, "fair_value": 41.31214, "relative_strength": -5.367642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.400712, "energy": 34.458927, "activity_lines": [ 48.583588, 48.473404, 48.185136, 47.667132 ] }, { "date": "2024-06-28", "close": 48.647465, "volume": 18090, "typical_volume": 23184.05, "trend": 46.955811, "fair_value": 41.359939, "relative_strength": -5.349269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.857875, "energy": 30.834269, "activity_lines": [ 48.590089, 48.572596, 48.254405, 47.789074 ] }, { "date": "2024-07-05", "close": 48.776682, "volume": 24707, "typical_volume": 23531.85, "trend": 47.157234, "fair_value": 41.409081, "relative_strength": -6.678682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.079121, "energy": 31.451937, "activity_lines": [ 48.662094, 48.642746, 48.325715, 47.906549 ] }, { "date": "2024-07-12", "close": 50.042551, "volume": 20131, "typical_volume": 22863.35, "trend": 47.330066, "fair_value": 41.473693, "relative_strength": -4.984059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.531297, "energy": 47.303173, "activity_lines": [ 49.144607, 48.91483, 48.506198, 48.092699 ] }, { "date": "2024-07-19", "close": 48.802684, "volume": 15581, "typical_volume": 21971.55, "trend": 47.44227, "fair_value": 41.522356, "relative_strength": -5.290711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.51332, "energy": 36.124723, "activity_lines": [ 49.104406, 48.911508, 48.554009, 48.187706 ] }, { "date": "2024-07-26", "close": 48.957506, "volume": 31550, "typical_volume": 22459.4, "trend": 47.566023, "fair_value": 41.567251, "relative_strength": -4.025254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.342036, "energy": 34.121887, "activity_lines": [ 49.08845, 48.931182, 48.612911, 48.285463 ] }, { "date": "2024-08-02", "close": 46.601829, "volume": 15989, "typical_volume": 22146.55, "trend": 47.664187, "fair_value": 41.59566, "relative_strength": -6.448838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.324221, "energy": 5.197437, "activity_lines": [ 48.273934, 48.524847, 48.444153, 48.223257 ] }, { "date": "2024-08-09", "close": 47.092992, "volume": 17962, "typical_volume": 22098.35, "trend": 47.76317, "fair_value": 41.627656, "relative_strength": -5.294697, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.137592, "energy": 19.798914, "activity_lines": [ 47.759514, 48.251126, 48.326915, 48.186406 ] }, { "date": "2024-08-16", "close": 48.703936, "volume": 15142, "typical_volume": 22022.15, "trend": 47.892001, "fair_value": 41.674036, "relative_strength": -5.642876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.367227, "energy": 17.247503, "activity_lines": [ 47.894322, 48.297794, 48.37101, 48.247101 ] }, { "date": "2024-08-23", "close": 49.768635, "volume": 13643, "typical_volume": 21691.3, "trend": 48.043293, "fair_value": 41.717154, "relative_strength": -4.748913, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.941992, "energy": 20.355741, "activity_lines": [ 48.473271, 48.532539, 48.518256, 48.368174 ] }, { "date": "2024-08-30", "close": 49.875819, "volume": 6550, "typical_volume": 18989.45, "trend": 48.189095, "fair_value": 41.759631, "relative_strength": -4.610276, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.698802, "energy": 35.268976, "activity_lines": [ 49.02355, 48.761747, 48.669687, 48.486401 ] }, { "date": "2024-09-06", "close": 47.025903, "volume": 15984, "typical_volume": 19228.25, "trend": 48.206903, "fair_value": 41.788265, "relative_strength": -5.998622, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.005562, "energy": 11.642828, "activity_lines": [ 48.562637, 48.452454, 48.537444, 48.411357 ] }, { "date": "2024-09-13", "close": 48.384863, "volume": 10093, "typical_volume": 17321.9, "trend": 48.273544, "fair_value": 41.827717, "relative_strength": -6.816997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.777746, "energy": 15.439842, "activity_lines": [ 48.526439, 48.419729, 48.528587, 48.422838 ] }, { "date": "2024-09-20", "close": 49.275189, "volume": 28337, "typical_volume": 17856.85, "trend": 48.350091, "fair_value": 41.871521, "relative_strength": -6.244817, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.22926, "energy": 17.578909, "activity_lines": [ 48.700892, 48.556005, 48.598998, 48.48746 ] }, { "date": "2024-09-27", "close": 50.249033, "volume": 16557, "typical_volume": 17778.4, "trend": 48.423881, "fair_value": 41.931094, "relative_strength": -4.737664, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.675579, "energy": 24.535112, "activity_lines": [ 49.161876, 48.883295, 48.75272, 48.609973 ] }, { "date": "2024-10-04", "close": 49.938458, "volume": 45791, "typical_volume": 19269.35, "trend": 48.479745, "fair_value": 41.9888, "relative_strength": -5.402321, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.987384, "energy": 44.318055, "activity_lines": [ 49.487308, 49.12782, 48.868627, 48.707687 ] }, { "date": "2024-10-11", "close": 50.650613, "volume": 12594, "typical_volume": 18702.15, "trend": 48.581514, "fair_value": 42.044824, "relative_strength": -4.991551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.674807, "energy": 57.994945, "activity_lines": [ 50.045949, 49.483992, 49.048288, 48.847743 ] }, { "date": "2024-10-18", "close": 50.031253, "volume": 7650, "typical_volume": 18268.15, "trend": 48.624079, "fair_value": 42.092076, "relative_strength": -6.780496, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.775296, "energy": 56.715025, "activity_lines": [ 50.15649, 49.653939, 49.161027, 48.941275 ] }, { "date": "2024-10-25", "close": 49.29893, "volume": 13502, "typical_volume": 18099.1, "trend": 48.631661, "fair_value": 42.130788, "relative_strength": -7.097679, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.992581, "energy": 43.422532, "activity_lines": [ 49.913163, 49.637314, 49.197228, 48.984814 ] }, { "date": "2024-11-01", "close": 48.630093, "volume": 8109, "typical_volume": 17514.45, "trend": 48.635865, "fair_value": 42.154279, "relative_strength": -6.914103, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.685716, "energy": 18.03412, "activity_lines": [ 49.445309, 49.488264, 49.165456, 48.984712 ] }, { "date": "2024-11-08", "close": 50.581067, "volume": 12284, "typical_volume": 17512.3, "trend": 48.745153, "fair_value": 42.189028, "relative_strength": -7.416014, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.467532, "energy": 26.462147, "activity_lines": [ 49.735708, 49.714637, 49.318358, 49.110209 ] }, { "date": "2024-11-15", "close": 48.404067, "volume": 14405, "typical_volume": 17328.05, "trend": 48.833357, "fair_value": 42.210372, "relative_strength": -9.306155, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.303585, "energy": 12.499694, "activity_lines": [ 49.2576, 49.532369, 49.255243, 49.088204 ] }, { "date": "2024-11-22", "close": 50.166869, "volume": 8413, "typical_volume": 16513.35, "trend": 48.931438, "fair_value": 42.253602, "relative_strength": -7.35695, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.192018, "energy": 16.148283, "activity_lines": [ 49.516862, 49.645553, 49.361172, 49.174237 ] }, { "date": "2024-11-29", "close": 50.570138, "volume": 15004, "typical_volume": 16257.0, "trend": 49.040649, "fair_value": 42.302463, "relative_strength": -7.50128, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.284323, "energy": 31.895639, "activity_lines": [ 49.901506, 49.799658, 49.498889, 49.279959 ] }, { "date": "2024-12-06", "close": 50.289469, "volume": 12114, "typical_volume": 16083.65, "trend": 49.099654, "fair_value": 42.339397, "relative_strength": -8.590221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.31225, "energy": 31.765305, "activity_lines": [ 50.107847, 49.879189, 49.607363, 49.360528 ] }, { "date": "2024-12-13", "close": 49.939551, "volume": 14559, "typical_volume": 15234.1, "trend": 49.12818, "fair_value": 42.379646, "relative_strength": -8.416316, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.254274, "energy": 39.528545, "activity_lines": [ 50.086923, 49.894362, 49.675431, 49.414715 ] }, { "date": "2024-12-20", "close": 48.067264, "volume": 44705, "typical_volume": 16669.9, "trend": 49.097624, "fair_value": 42.398882, "relative_strength": -9.897763, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.573785, "energy": 6.767917, "activity_lines": [ 49.484672, 49.5691, 49.56051, 49.346269 ] }, { "date": "2024-12-27", "close": 48.524173, "volume": 16776, "typical_volume": 16610.6, "trend": 49.094932, "fair_value": 42.417026, "relative_strength": -9.344315, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.539786, "energy": 13.331312, "activity_lines": [ 49.057177, 49.373883, 49.482126, 49.309272 ] }, { "date": "2025-01-03", "close": 48.662834, "volume": 20076, "typical_volume": 16857.3, "trend": 49.103654, "fair_value": 42.447119, "relative_strength": -8.374601, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.596387, "energy": 18.991344, "activity_lines": [ 48.785415, 49.231278, 49.410132, 49.281395 ] }, { "date": "2025-01-10", "close": 48.059949, "volume": 57293, "typical_volume": 19039.8, "trend": 49.092577, "fair_value": 42.47268, "relative_strength": -7.506043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.650514, "energy": 29.895342, "activity_lines": [ 48.439845, 48.990623, 49.280917, 49.214059 ] }, { "date": "2025-01-17", "close": 50.139059, "volume": 70401, "typical_volume": 22232.35, "trend": 49.138629, "fair_value": 42.531336, "relative_strength": -6.057816, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.338785, "energy": 13.284698, "activity_lines": [ 48.935947, 49.138354, 49.357849, 49.281574 ] }, { "date": "2025-01-24", "close": 50.94506, "volume": 30487, "typical_volume": 22957.5, "trend": 49.215216, "fair_value": 42.599444, "relative_strength": -5.972604, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.279799, "energy": 20.923718, "activity_lines": [ 49.687415, 49.440667, 49.510289, 49.398118 ] }, { "date": "2025-01-31", "close": 50.102952, "volume": 12370, "typical_volume": 23071.35, "trend": 49.259425, "fair_value": 42.656677, "relative_strength": -6.380435, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.79863, "energy": 23.652632, "activity_lines": [ 49.966327, 49.54367, 49.563865, 49.455391 ] }, { "date": "2025-02-07", "close": 49.647084, "volume": 21237, "typical_volume": 22716.35, "trend": 49.246242, "fair_value": 42.712283, "relative_strength": -6.842249, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.076095, "energy": 27.976376, "activity_lines": [ 49.988032, 49.564949, 49.565845, 49.480402 ] }, { "date": "2025-02-14", "close": 49.893867, "volume": 61315, "typical_volume": 24954.25, "trend": 49.282615, "fair_value": 42.772102, "relative_strength": -7.505398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.029101, "energy": 33.392375, "activity_lines": [ 50.02638, 49.647882, 49.589556, 49.522184 ] }, { "date": "2025-02-21", "close": 49.513695, "volume": 45256, "typical_volume": 24927.5, "trend": 49.301155, "fair_value": 42.825284, "relative_strength": -6.490081, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.101722, "energy": 20.385161, "activity_lines": [ 49.815744, 49.668885, 49.578752, 49.537092 ] }, { "date": "2025-02-28", "close": 48.236508, "volume": 66213, "typical_volume": 27608.45, "trend": 49.355644, "fair_value": 42.876174, "relative_strength": -7.743991, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.30396, "energy": 12.532372, "activity_lines": [ 49.221069, 49.465414, 49.448334, 49.468405 ] }, { "date": "2025-03-07", "close": 47.315944, "volume": 49039, "typical_volume": 29677.9, "trend": 49.363076, "fair_value": 42.927844, "relative_strength": -6.361894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.140407, "energy": 45.918337, "activity_lines": [ 48.50011, 49.091492, 49.241739, 49.336812 ] }, { "date": "2025-03-14", "close": 46.287901, "volume": 52750, "typical_volume": 31640.3, "trend": 49.282541, "fair_value": 42.957052, "relative_strength": -6.015041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.529053, "energy": 66.673585, "activity_lines": [ 47.622271, 48.55262, 48.950165, 49.138414 ] }, { "date": "2025-03-21", "close": 46.540806, "volume": 11040, "typical_volume": 31786.85, "trend": 49.174947, "fair_value": 42.984697, "relative_strength": -5.728115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.419988, "energy": 74.396925, "activity_lines": [ 47.052678, 48.102912, 48.697015, 48.961527 ] }, { "date": "2025-03-28", "close": 45.36536, "volume": 32283, "typical_volume": 32786.8, "trend": 49.024598, "fair_value": 43.006615, "relative_strength": -6.458562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.799142, "energy": 80.980581, "activity_lines": [ 46.314808, 47.467107, 48.341867, 48.715748 ] }, { "date": "2025-04-04", "close": 39.654144, "volume": 22102, "typical_volume": 33171.65, "trend": 48.778873, "fair_value": 43.001589, "relative_strength": -9.75883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.015016, "energy": 93.770807, "activity_lines": [ 43.949755, 45.879693, 47.467631, 48.111202 ] }, { "date": "2025-04-11", "close": 41.86042, "volume": 37159, "typical_volume": 34608.95, "trend": 48.561392, "fair_value": 43.015659, "relative_strength": -9.543847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.350135, "energy": 87.607003, "activity_lines": [ 42.892285, 44.898711, 46.845182, 47.66485 ] }, { "date": "2025-04-18", "close": 41.955072, "volume": 19199, "typical_volume": 34818.7, "trend": 48.317388, "fair_value": 43.038696, "relative_strength": -7.758319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.748295, "energy": 87.586023, "activity_lines": [ 42.230067, 44.084801, 46.271302, 47.238636 ] }, { "date": "2025-04-25", "close": 44.670642, "volume": 24371, "typical_volume": 35431.55, "trend": 48.131441, "fair_value": 43.084866, "relative_strength": -5.83779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.23001, "energy": 71.334487, "activity_lines": [ 42.761894, 43.904487, 45.997072, 47.003362 ] }, { "date": "2025-05-02", "close": 46.218529, "volume": 38157, "typical_volume": 36611.45, "trend": 48.007444, "fair_value": 43.139356, "relative_strength": -5.089104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.018577, "energy": 43.348044, "activity_lines": [ 43.934361, 44.100574, 45.897017, 46.879948 ] }, { "date": "2025-05-09", "close": 46.391113, "volume": 28877, "typical_volume": 35820.05, "trend": 47.86546, "fair_value": 43.198417, "relative_strength": -4.065639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.610926, "energy": 23.221572, "activity_lines": [ 45.107478, 44.387952, 45.831117, 46.775669 ] }, { "date": "2025-05-16", "close": 49.214673, "volume": 18363, "typical_volume": 35899.4, "trend": 47.838241, "fair_value": 43.27772, "relative_strength": -3.100531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.544236, "energy": 20.94106, "activity_lines": [ 46.772651, 45.222258, 46.042109, 46.862715 ] }, { "date": "2025-05-23", "close": 47.681218, "volume": 11737, "typical_volume": 35482.45, "trend": 47.784317, "fair_value": 43.331192, "relative_strength": -3.426701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.139652, "energy": 26.619426, "activity_lines": [ 47.436388, 45.743231, 46.103769, 46.852585 ] }, { "date": "2025-05-30", "close": 47.997623, "volume": 8522, "typical_volume": 33043.9, "trend": 47.763235, "fair_value": 43.388233, "relative_strength": -4.224392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 16.757254, "energy": 27.11341, "activity_lines": [ 47.823851, 46.296399, 46.200238, 46.866346 ] }, { "date": "2025-06-06", "close": 49.149297, "volume": 27040, "typical_volume": 30875.85, "trend": 47.715509, "fair_value": 43.466431, "relative_strength": -3.308979, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.157306, "energy": 32.805625, "activity_lines": [ 48.373406, 47.032475, 46.406687, 46.95577 ] }, { "date": "2025-06-13", "close": 49.251131, "volume": 42390, "typical_volume": 31471.0, "trend": 47.743745, "fair_value": 43.563953, "relative_strength": -2.589315, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.091347, "energy": 41.108566, "activity_lines": [ 48.761521, 47.718267, 46.627548, 47.054842 ] }, { "date": "2025-06-20", "close": 49.721839, "volume": 18716, "typical_volume": 31788.3, "trend": 47.72891, "fair_value": 43.651712, "relative_strength": -1.344022, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.859333, "energy": 43.811596, "activity_lines": [ 49.115872, 48.315152, 46.901304, 47.182461 ] }, { "date": "2025-06-27", "close": 51.602781, "volume": 57694, "typical_volume": 33611.15, "trend": 47.763332, "fair_value": 43.761241, "relative_strength": -0.899137, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.739297, "energy": 57.002111, "activity_lines": [ 50.063391, 49.111092, 47.356012, 47.432388 ] }, { "date": "2025-07-04", "close": 53.42314, "volume": 7681, "typical_volume": 30929.45, "trend": 47.867788, "fair_value": 43.876266, "relative_strength": 0.968239, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.204444, "energy": 76.433755, "activity_lines": [ 51.35626, 50.062593, 47.974775, 47.797537 ] }, { "date": "2025-07-11", "close": 53.585158, "volume": 14703, "typical_volume": 29401.8, "trend": 47.989308, "fair_value": 43.995562, "relative_strength": 1.658846, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.272083, "energy": 92.722703, "activity_lines": [ 52.341433, 50.884415, 48.592163, 48.1664 ] }, { "date": "2025-07-18", "close": 53.238902, "volume": 4567, "typical_volume": 26319.5, "trend": 48.161696, "fair_value": 44.101293, "relative_strength": 0.482775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.595451, "energy": 89.426192, "activity_lines": [ 52.915464, 51.509343, 49.157185, 48.505083 ] }, { "date": "2025-07-25", "close": 54.267406, "volume": 20697, "typical_volume": 24902.4, "trend": 48.353137, "fair_value": 44.199659, "relative_strength": 1.028356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.984676, "energy": 92.157577, "activity_lines": [ 53.566478, 52.196767, 49.79634, 48.899 ] }, { "date": "2025-08-01", "close": 52.789417, "volume": 9175, "typical_volume": 22723.65, "trend": 48.49069, "fair_value": 44.287927, "relative_strength": 0.791363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.56374, "energy": 86.076915, "activity_lines": [ 53.421791, 52.523597, 50.261631, 49.185211 ] }, { "date": "2025-08-08", "close": 53.36176, "volume": 15268, "typical_volume": 22935.05, "trend": 48.667417, "fair_value": 44.372087, "relative_strength": -0.4582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.39098, "energy": 70.736839, "activity_lines": [ 53.388777, 52.861614, 50.750472, 49.499474 ] }, { "date": "2025-08-15", "close": 54.051382, "volume": 12519, "typical_volume": 21946.85, "trend": 48.797827, "fair_value": 44.468303, "relative_strength": -0.039578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.393737, "energy": 66.051125, "activity_lines": [ 53.589728, 53.227486, 51.27251, 49.846827 ] }, { "date": "2025-08-22", "close": 55.108882, "volume": 9064, "typical_volume": 21294.95, "trend": 48.936622, "fair_value": 44.580734, "relative_strength": 1.719402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.189224, "energy": 67.598487, "activity_lines": [ 54.112097, 53.696503, 51.8539, 50.253991 ] }, { "date": "2025-08-29", "close": 55.082876, "volume": 6882, "typical_volume": 19781.1, "trend": 49.102619, "fair_value": 44.705025, "relative_strength": 1.810062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.669161, "energy": 67.504872, "activity_lines": [ 54.501133, 54.054286, 52.35922, 50.650524 ] }, { "date": "2025-09-05", "close": 55.516252, "volume": 3428, "typical_volume": 18992.55, "trend": 49.298258, "fair_value": 44.821736, "relative_strength": 2.318642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.723477, "energy": 78.273981, "activity_lines": [ 54.980262, 54.393392, 52.842849, 51.064307 ] }, { "date": "2025-09-12", "close": 56.050268, "volume": 9627, "typical_volume": 18255.35, "trend": 49.503471, "fair_value": 44.957031, "relative_strength": 1.749197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.060574, "energy": 80.140383, "activity_lines": [ 55.455608, 54.758438, 53.31276, 51.49992 ] }, { "date": "2025-09-19", "close": 57.172548, "volume": 5415, "typical_volume": 16618.25, "trend": 49.758766, "fair_value": 45.113157, "relative_strength": 2.558111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.367476, "energy": 83.532358, "activity_lines": [ 56.125813, 55.279768, 53.835367, 51.994699 ] }, { "date": "2025-09-26", "close": 56.883052, "volume": 9351, "typical_volume": 15641.95, "trend": 50.046985, "fair_value": 45.272139, "relative_strength": 2.400042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.471046, "energy": 79.100934, "activity_lines": [ 56.491442, 55.683238, 54.27824, 52.454331 ] }, { "date": "2025-10-03", "close": 58.015205, "volume": 4635, "typical_volume": 14955.55, "trend": 50.403627, "fair_value": 45.432648, "relative_strength": 3.320787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.587868, "energy": 82.771019, "activity_lines": [ 57.116178, 56.226296, 54.778976, 52.96841 ] }, { "date": "2025-10-10", "close": 55.486236, "volume": 35627, "typical_volume": 16150.05, "trend": 50.710238, "fair_value": 45.58356, "relative_strength": 1.347666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.298831, "energy": 64.168785, "activity_lines": [ 56.702435, 56.2414, 54.99695, 53.29632 ] }, { "date": "2025-10-17", "close": 57.606342, "volume": 10472, "typical_volume": 16247.55, "trend": 51.079089, "fair_value": 45.73693, "relative_strength": 3.417403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.994611, "energy": 62.898833, "activity_lines": [ 56.997395, 56.592945, 55.379672, 53.74123 ] }, { "date": "2025-10-24", "close": 59.296044, "volume": 8212, "typical_volume": 15306.15, "trend": 51.543445, "fair_value": 45.892155, "relative_strength": 4.396336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.43608, "energy": 67.77225, "activity_lines": [ 57.751851, 57.174534, 55.877563, 54.271356 ] }, { "date": "2025-10-31", "close": 59.0958, "volume": 7561, "typical_volume": 13564.7, "trend": 52.1915, "fair_value": 46.048015, "relative_strength": 3.299361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.624484, "energy": 67.43282, "activity_lines": [ 58.297992, 57.624357, 56.308064, 54.758605 ] }, { "date": "2025-11-07", "close": 57.972125, "volume": 5902, "typical_volume": 12924.0, "trend": 52.728557, "fair_value": 46.175506, "relative_strength": 2.990721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.634006, "energy": 61.020442, "activity_lines": [ 58.322058, 57.797387, 56.58467, 55.131548 ] }, { "date": "2025-11-14", "close": 57.708059, "volume": 2246, "typical_volume": 10151.6, "trend": 53.253657, "fair_value": 46.306397, "relative_strength": 2.322403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.124377, "energy": 56.384401, "activity_lines": [ 58.260975, 57.869873, 56.79684, 55.452806 ] }, { "date": "2025-11-21", "close": 56.630554, "volume": 6042, "typical_volume": 10069.65, "trend": 53.65232, "fair_value": 46.426791, "relative_strength": 2.361686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.974057, "energy": 39.51346, "activity_lines": [ 57.692602, 57.706597, 56.877317, 55.670671 ] }, { "date": "2025-11-28", "close": 59.514636, "volume": 4864, "typical_volume": 9577.7, "trend": 54.095524, "fair_value": 46.561384, "relative_strength": 3.689239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.678023, "energy": 44.917426, "activity_lines": [ 58.150642, 58.05715, 57.217195, 56.048885 ] }, { "date": "2025-12-05", "close": 60.504384, "volume": 18947, "typical_volume": 10296.7, "trend": 54.565966, "fair_value": 46.710847, "relative_strength": 4.951946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.844377, "energy": 51.657464, "activity_lines": [ 58.924025, 58.545073, 57.6231, 56.462359 ] }, { "date": "2025-12-12", "close": 60.604007, "volume": 33381, "typical_volume": 10930.9, "trend": 54.945611, "fair_value": 46.865298, "relative_strength": 5.604171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.730168, "energy": 54.794675, "activity_lines": [ 59.63671, 58.985268, 58.003895, 56.85191 ] }, { "date": "2025-12-19", "close": 60.771841, "volume": 33938, "typical_volume": 12169.05, "trend": 55.381965, "fair_value": 47.021997, "relative_strength": 5.599798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.140506, "energy": 71.350969, "activity_lines": [ 60.229881, 59.408908, 58.370499, 57.227796 ] }, { "date": "2025-12-26", "close": 61.744935, "volume": 4685, "typical_volume": 11639.9, "trend": 55.840209, "fair_value": 47.184654, "relative_strength": 5.61331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.601822, "energy": 80.680553, "activity_lines": [ 60.943164, 59.913373, 58.791768, 57.63831 ] }, { "date": "2026-01-02", "close": 61.273774, "volume": 10604, "typical_volume": 11544.15, "trend": 56.244358, "fair_value": 47.337586, "relative_strength": 5.746211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.114646, "energy": 74.060018, "activity_lines": [ 61.158435, 60.256925, 59.128245, 57.988863 ] }, { "date": "2026-01-09", "close": 62.674326, "volume": 14549, "typical_volume": 11818.4, "trend": 56.691798, "fair_value": 47.488318, "relative_strength": 6.30704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.138045, "energy": 82.382338, "activity_lines": [ 61.723281, 60.819164, 59.563715, 58.4037 ] }, { "date": "2026-01-16", "close": 63.185653, "volume": 14459, "typical_volume": 12197.25, "trend": 57.140591, "fair_value": 47.643344, "relative_strength": 7.390529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.21259, "energy": 85.969264, "activity_lines": [ 62.313907, 61.409307, 60.011856, 58.822658 ] }, { "date": "2026-01-23", "close": 62.9105, "volume": 6743, "typical_volume": 12363.0, "trend": 57.517515, "fair_value": 47.789224, "relative_strength": 7.142415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.976217, "energy": 80.36387, "activity_lines": [ 62.640705, 61.854631, 60.395209, 59.19491 ] }, { "date": "2026-01-30", "close": 62.915797, "volume": 24610, "typical_volume": 13112.15, "trend": 57.833937, "fair_value": 47.928192, "relative_strength": 6.566081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.007435, "energy": 74.974799, "activity_lines": [ 62.826691, 62.206329, 60.743855, 59.543186 ] }, { "date": "2026-02-06", "close": 62.462039, "volume": 21918, "typical_volume": 13937.3, "trend": 58.129833, "fair_value": 48.069637, "relative_strength": 5.841223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.580601, "energy": 56.418299, "activity_lines": [ 62.783368, 62.361248, 61.016593, 59.841774 ] }, { "date": "2026-02-13", "close": 61.82348, "volume": 13968, "typical_volume": 14168.15, "trend": 58.415986, "fair_value": 48.206198, "relative_strength": 5.934031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.466533, "energy": 48.002704, "activity_lines": [ 62.447973, 62.346476, 61.203327, 60.080073 ] }, { "date": "2026-02-20", "close": 62.707108, "volume": 7014, "typical_volume": 14287.1, "trend": 58.697309, "fair_value": 48.355973, "relative_strength": 6.073478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.581343, "energy": 42.244204, "activity_lines": [ 62.463845, 62.46838, 61.450691, 60.35692 ] }, { "date": "2026-02-27", "close": 63.020841, "volume": 11511, "typical_volume": 13081.3, "trend": 59.038357, "fair_value": 48.499949, "relative_strength": 6.905326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.807662, "energy": 45.065397, "activity_lines": [ 62.616197, 62.609088, 61.705592, 60.635858 ] }, { "date": "2026-03-06", "close": 60.529601, "volume": 11461, "typical_volume": 13130.75, "trend": 59.277285, "fair_value": 48.641878, "relative_strength": 4.596103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.683503, "energy": 24.388904, "activity_lines": [ 61.930779, 62.255953, 61.687353, 60.732067 ] }, { "date": "2026-03-13", "close": 59.560462, "volume": 5033, "typical_volume": 12971.8, "trend": 59.460921, "fair_value": 48.776387, "relative_strength": 4.332679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.473654, "energy": 14.037847, "activity_lines": [ 61.081396, 61.748707, 61.562894, 60.750336 ] }, { "date": "2026-03-20", "close": 58.889843, "volume": 5935, "typical_volume": 12890.5, "trend": 59.586953, "fair_value": 48.902492, "relative_strength": 4.878058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.37993, "energy": 24.265547, "activity_lines": [ 60.20191, 61.150682, 61.373308, 60.713493 ] }, { "date": "2026-03-27", "close": 57.22989, "volume": 3432, "typical_volume": 12767.0, "trend": 59.65852, "fair_value": 49.006693, "relative_strength": 4.071835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.169166, "energy": 45.691662, "activity_lines": [ 58.964683, 60.319656, 61.026612, 60.561424 ] }, { "date": "2026-04-03", "close": 59.367214, "volume": 9735, "typical_volume": 13141.45, "trend": 59.786885, "fair_value": 49.133003, "relative_strength": 4.122565, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.115267, "energy": 41.170415, "activity_lines": [ 58.805046, 59.985522, 60.887006, 60.54263 ] }, { "date": "2026-04-10", "close": 62.814586, "volume": 7644, "typical_volume": 13221.55, "trend": 60.012363, "fair_value": 49.277215, "relative_strength": 6.029009, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 20.982678, "energy": 21.719833, "activity_lines": [ 60.038107, 60.342605, 61.067819, 60.737966 ] }, { "date": "2026-04-17", "close": 66.064311, "volume": 9580, "typical_volume": 13457.35, "trend": 60.308755, "fair_value": 49.445643, "relative_strength": 6.405338, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 59.583817, "energy": 33.760775, "activity_lines": [ 62.202078, 61.292388, 61.528682, 61.128414 ] }, { "date": "2026-04-24", "close": 67.216601, "volume": 9333, "typical_volume": 12976.65, "trend": 60.653206, "fair_value": 49.624099, "relative_strength": 7.399343, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.249838, "energy": 60.062473, "activity_lines": [ 64.316555, 62.386182, 62.068099, 61.574081 ] }, { "date": "2026-05-01", "close": 67.481829, "volume": 12406, "typical_volume": 11927.9, "trend": 60.968761, "fair_value": 49.806731, "relative_strength": 6.558396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.035751, "energy": 83.339602, "activity_lines": [ 65.964325, 63.430142, 62.600812, 62.014638 ] }, { "date": "2026-05-08", "close": 70.434434, "volume": 8315, "typical_volume": 10646.75, "trend": 61.467034, "fair_value": 50.011228, "relative_strength": 8.369283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.560196, "energy": 94.948084, "activity_lines": [ 67.912833, 64.924127, 63.381974, 62.625326 ] }, { "date": "2026-05-15", "close": 69.468894, "volume": 4955, "typical_volume": 10660.25, "trend": 61.862452, "fair_value": 50.20197, "relative_strength": 6.422513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.935385, "energy": 90.740497, "activity_lines": [ 68.80168, 66.107766, 64.025168, 63.141575 ] }, { "date": "2026-05-22", "close": 71.187631, "volume": 17064, "typical_volume": 10983.25, "trend": 62.258839, "fair_value": 50.400187, "relative_strength": 7.82297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.661004, "energy": 92.264937, "activity_lines": [ 69.819819, 67.441371, 64.79527, 63.7432 ] }, { "date": "2026-05-29", "close": 73.761538, "volume": 4941, "typical_volume": 10502.85, "trend": 62.747696, "fair_value": 50.611412, "relative_strength": 9.759755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.622644, "energy": 94.503575, "activity_lines": [ 71.354373, 69.031555, 65.763297, 64.485309 ] }, { "date": "2026-06-05", "close": 71.0557, "volume": 31001, "typical_volume": 11329.95, "trend": 63.183816, "fair_value": 50.804001, "relative_strength": 8.134254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.456164, "energy": 74.557678, "activity_lines": [ 71.550651, 69.859375, 66.420829, 65.02131 ] }, { "date": "2026-06-12", "close": 73.2008, "volume": 11267, "typical_volume": 11556.15, "trend": 63.70024, "fair_value": 50.999593, "relative_strength": 10.404702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.584898, "energy": 69.131938, "activity_lines": [ 72.223705, 70.825834, 67.24518, 65.667567 ] }, { "date": "2026-06-19", "close": 75.4534, "volume": 5750, "typical_volume": 10613.15, "trend": 64.327669, "fair_value": 51.217344, "relative_strength": 12.357611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.898016, "energy": 74.37725, "activity_lines": [ 73.4632, 71.950337, 68.235063, 66.425835 ] }, { "date": "2026-06-26", "close": 72.6884, "volume": 9269, "typical_volume": 9980.7, "trend": 64.766794, "fair_value": 51.406363, "relative_strength": 10.524455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.896252, "energy": 63.16425, "activity_lines": [ 73.382063, 72.342317, 68.90191, 66.965237 ] }, { "date": "2026-07-03", "close": 72.9604, "volume": 3559, "typical_volume": 9460.25, "trend": 65.181995, "fair_value": 51.600777, "relative_strength": 8.318503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.023189, "energy": 59.781397, "activity_lines": [ 73.29154, 72.663313, 69.545964, 67.493857 ] }, { "date": "2026-07-10", "close": 74.3511, "volume": 22571, "typical_volume": 10238.1, "trend": 65.640231, "fair_value": 51.796137, "relative_strength": 8.628032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.205929, "energy": 61.075773, "activity_lines": [ 73.717993, 73.13273, 70.269433, 68.085412 ] }, { "date": "2026-07-17", "close": 70.5424, "volume": 3033, "typical_volume": 9814.2, "trend": 65.965916, "fair_value": 51.966066, "relative_strength": 4.477761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.956092, "energy": 42.015902, "activity_lines": [ 72.655187, 72.784761, 70.574721, 68.401681 ] }, { "date": "2026-07-24", "close": 69.9726, "volume": 2518, "typical_volume": 9367.05, "trend": 66.240172, "fair_value": 52.129764, "relative_strength": 4.056452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.882945, "energy": 31.524457, "activity_lines": [ 71.579673, 72.331229, 70.789926, 68.660177 ] }, { "date": "2026-07-31", "close": 70.5161, "volume": 14028, "typical_volume": 9816.8, "trend": 66.548249, "fair_value": 52.303011, "relative_strength": 3.540617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.745945, "energy": 22.34431, "activity_lines": [ 71.050713, 71.967357, 71.011926, 68.936043 ] }, { "date": "2026-08-07", "close": 72.9731, "volume": 13931, "typical_volume": 10216.6, "trend": 66.891542, "fair_value": 52.495257, "relative_strength": 3.302352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.013092, "energy": 26.224879, "activity_lines": [ 71.485573, 72.062422, 71.415756, 69.35055 ] } ], "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." } } }