{ "ticker": { "uuid": "e55f68c6-af15-4f7f-89cd-38f8d2751646", "symbol": "MOAT", "name": "VanEck Morningstar US ESG Wide Moat UCITS ETF", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 62.085, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 88.472, "architecture_energy": 90.675, "architecture_maturity": 8.723, "architecture_confidence": 64.026, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 12.88, "rotation_up": 83.18, "upward_expansion": 96.23, "deceleration": 42.7, "rotation_down": 9.45, "downward_expansion": 20.56 }, "activity_lines": [ 57.218, 56.381818, 54.985857, 54.361226 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 58.560001, "trend_reference": 54.020333, "distance_from_trend": 0.084036, "trend_direction": "Improving", "fair_value": 52.330128, "distance_from_fair_value": 0.119049, "fair_value_direction": "Improving", "relative_strength": -7.041136, "relative_strength_direction": "Improving", "price_momentum": 0.067639, "excess_performance": -0.103253, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084036, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006828, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.119049, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.108759, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.070411, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.065182, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.067639, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.467831, "read": "Demand-led" } ], "volume": { "latest": 56985, "relative_activity": 3.1181, "balance": 2.467831, "dry_up": 2.443688, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.021569, "annualized_volatility": 0.121908, "from_high_reference": -0.00813, "from_low_reference": 0.160753 }, "levels": { "trend_reference": 54.020333, "fair_value_reference": 52.330128, "structural_low": 50.450001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.008301, "positive_rate": 0.607143, "directional_follow_through": 0.607143, "median_excess_return": -0.007115, "regime_survival": 0.642857, "best_return": 0.056495, "worst_return": -0.119461, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.01795, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.02148, "regime_survival": 0.181818, "best_return": 0.071957, "worst_return": -0.144506, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.032728, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.053327, "regime_survival": 0.125, "best_return": 0.113179, "worst_return": -0.112642, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.02805, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.120065, "regime_survival": 0.5, "best_return": 0.207331, "worst_return": -0.058996, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.067172, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.085698, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-11", "tenure": "Established", "return": 0.136935, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": 0.023819, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": -0.01687, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-11-21", "tenure": "Developing", "return": 0.012174, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.014757, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-02-20", "tenure": "Developing", "return": -0.002183, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.062272, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.011271, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-06-05", "tenure": "Developing", "return": 0.052539, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": 0.017472, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": 0.019303, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 45.27, "volume": 3959, "typical_volume": 11487.35, "trend": 45.402, "fair_value": 43.71984, "relative_strength": -7.760933, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.676268, "energy": 19.036601, "activity_lines": [ 46.209, 46.341637, 46.044619, 45.672119 ] }, { "date": "2023-08-25", "close": 45.935001, "volume": 8687, "typical_volume": 11536.65, "trend": 45.431334, "fair_value": 43.794679, "relative_strength": -7.328909, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.073282, "energy": 20.393889, "activity_lines": [ 46.012001, 46.258819, 46.0825, 45.706506 ] }, { "date": "2023-09-01", "close": 47.375, "volume": 5950, "typical_volume": 11690.9, "trend": 45.456334, "fair_value": 43.88141, "relative_strength": -5.424879, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.58594, "energy": 24.246067, "activity_lines": [ 46.370667, 46.453, 46.246976, 45.831904 ] }, { "date": "2023-09-08", "close": 47.07, "volume": 5005, "typical_volume": 11425.05, "trend": 45.4875, "fair_value": 43.968974, "relative_strength": -4.168432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.35863, "energy": 28.625154, "activity_lines": [ 46.631334, 46.561273, 46.366762, 45.936011 ] }, { "date": "2023-09-15", "close": 46.845001, "volume": 6112, "typical_volume": 10911.75, "trend": 45.508667, "fair_value": 44.054904, "relative_strength": -6.29235, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.046072, "energy": 36.934933, "activity_lines": [ 46.784667, 46.624, 46.45131, 46.023592 ] }, { "date": "2023-09-22", "close": 45.639999, "volume": 3261, "typical_volume": 10013.05, "trend": 45.5135, "fair_value": 44.136635, "relative_strength": -7.191606, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.227205, "energy": 25.592388, "activity_lines": [ 46.498333, 46.453364, 46.407691, 46.032065 ] }, { "date": "2023-09-29", "close": 45.880001, "volume": 5280, "typical_volume": 9888.8, "trend": 45.517, "fair_value": 44.215994, "relative_strength": -5.109989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.139364, "energy": 9.69362, "activity_lines": [ 46.267334, 46.331637, 46.377429, 46.05571 ] }, { "date": "2023-10-06", "close": 45.055, "volume": 6622, "typical_volume": 9546.05, "trend": 45.549167, "fair_value": 44.28234, "relative_strength": -4.894602, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.167656, "energy": 15.348747, "activity_lines": [ 45.765, 46.081546, 46.259976, 46.025903 ] }, { "date": "2023-10-13", "close": 45.400002, "volume": 12682, "typical_volume": 8582.95, "trend": 45.602834, "fair_value": 44.348846, "relative_strength": -5.159091, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.431089, "energy": 26.098518, "activity_lines": [ 45.532334, 45.937364, 46.176239, 46.01628 ] }, { "date": "2023-10-20", "close": 44.139999, "volume": 5393, "typical_volume": 8607.2, "trend": 45.6305, "fair_value": 44.413141, "relative_strength": -4.438616, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.791625, "energy": 54.760825, "activity_lines": [ 44.991, 45.585637, 45.972738, 45.921904 ] }, { "date": "2023-10-27", "close": 43.044998, "volume": 8396, "typical_volume": 8855.2, "trend": 45.571, "fair_value": 44.480641, "relative_strength": -6.131419, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.739473, "energy": 74.041286, "activity_lines": [ 44.265, 45.073636, 45.674714, 45.755097 ] }, { "date": "2023-11-03", "close": 44.634998, "volume": 7920, "typical_volume": 8519.75, "trend": 45.6015, "fair_value": 44.548558, "relative_strength": -7.043451, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.564076, "energy": 62.165169, "activity_lines": [ 44.241999, 44.891181, 45.543333, 45.69471 ] }, { "date": "2023-11-10", "close": 44.529999, "volume": 11060, "typical_volume": 8404.35, "trend": 45.616167, "fair_value": 44.606731, "relative_strength": -6.402767, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.923097, "energy": 58.632451, "activity_lines": [ 44.266999, 44.713272, 45.412119, 45.625581 ] }, { "date": "2023-11-17", "close": 45.235001, "volume": 16498, "typical_volume": 7810.2, "trend": 45.651667, "fair_value": 44.665128, "relative_strength": -7.825012, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.039558, "energy": 42.436378, "activity_lines": [ 44.561999, 44.715272, 45.353619, 45.600989 ] }, { "date": "2023-11-24", "close": 45.555, "volume": 3052, "typical_volume": 7502.3, "trend": 45.7025, "fair_value": 44.720609, "relative_strength": -6.646122, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.009293, "energy": 19.932816, "activity_lines": [ 44.974666, 44.808818, 45.333119, 45.594753 ] }, { "date": "2023-12-01", "close": 46.66, "volume": 14249, "typical_volume": 7753.2, "trend": 45.803, "fair_value": 44.782276, "relative_strength": -5.648707, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.065355, "energy": 16.02499, "activity_lines": [ 45.661333, 45.126727, 45.420262, 45.656527 ] }, { "date": "2023-12-08", "close": 47.27, "volume": 8217, "typical_volume": 7798.6, "trend": 45.909667, "fair_value": 44.849487, "relative_strength": -5.607566, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 25.094396, "energy": 32.884306, "activity_lines": [ 46.310333, 45.537, 45.562024, 45.751172 ] }, { "date": "2023-12-15", "close": 48.685001, "volume": 3350, "typical_volume": 7680.6, "trend": 46.024667, "fair_value": 44.926923, "relative_strength": -2.444257, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.245741, "energy": 62.393127, "activity_lines": [ 47.255334, 46.179273, 45.837595, 45.930226 ] }, { "date": "2023-12-22", "close": 48.630001, "volume": 11993, "typical_volume": 7762.7, "trend": 46.130667, "fair_value": 45.003654, "relative_strength": -2.271769, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.351924, "energy": 76.685036, "activity_lines": [ 47.905001, 46.745546, 46.101952, 46.098312 ] }, { "date": "2023-12-29", "close": 48.599998, "volume": 2265, "typical_volume": 7497.55, "trend": 46.211, "fair_value": 45.081122, "relative_strength": -2.108695, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.796048, "energy": 86.901735, "activity_lines": [ 48.318333, 47.247636, 46.353714, 46.257624 ] }, { "date": "2024-01-05", "close": 48.014999, "volume": 8913, "typical_volume": 7745.25, "trend": 46.270167, "fair_value": 45.146442, "relative_strength": -3.384219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.140702, "energy": 83.075081, "activity_lines": [ 48.333666, 47.562272, 46.53869, 46.374011 ] }, { "date": "2024-01-12", "close": 48.724998, "volume": 7125, "typical_volume": 7667.15, "trend": 46.335333, "fair_value": 45.212179, "relative_strength": -1.904802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.534288, "energy": 79.72043, "activity_lines": [ 48.495332, 47.915636, 46.778214, 46.532387 ] }, { "date": "2024-01-19", "close": 49.299999, "volume": 10372, "typical_volume": 7888.25, "trend": 46.455333, "fair_value": 45.283109, "relative_strength": -0.054551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.584102, "energy": 77.422122, "activity_lines": [ 48.751665, 48.299181, 47.059214, 46.723656 ] }, { "date": "2024-01-26", "close": 50.220001, "volume": 6711, "typical_volume": 7973.55, "trend": 46.568833, "fair_value": 45.366538, "relative_strength": 1.553559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.111237, "energy": 84.233037, "activity_lines": [ 49.273666, 48.763272, 47.418666, 46.966537 ] }, { "date": "2024-02-02", "close": 49.880001, "volume": 3258, "typical_volume": 7830.85, "trend": 46.696167, "fair_value": 45.435288, "relative_strength": -0.12183, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.872184, "energy": 86.196859, "activity_lines": [ 49.576333, 49.074909, 47.730738, 47.180161 ] }, { "date": "2024-02-09", "close": 50.98, "volume": 8620, "typical_volume": 8098.8, "trend": 46.8645, "fair_value": 45.506987, "relative_strength": 0.711962, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.831463, "energy": 91.730041, "activity_lines": [ 50.160334, 49.507909, 48.133119, 47.456537 ] }, { "date": "2024-02-16", "close": 51.43, "volume": 2128, "typical_volume": 7941.2, "trend": 47.009833, "fair_value": 45.579231, "relative_strength": -0.190859, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.131655, "energy": 92.788767, "activity_lines": [ 50.696667, 49.944182, 48.552928, 47.751086 ] }, { "date": "2024-02-23", "close": 51.34, "volume": 6834, "typical_volume": 7951.8, "trend": 47.140167, "fair_value": 45.655961, "relative_strength": -3.185027, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.556104, "energy": 87.678574, "activity_lines": [ 51.022667, 50.288454, 48.937738, 48.030451 ] }, { "date": "2024-03-01", "close": 51.669998, "volume": 6177, "typical_volume": 7626.55, "trend": 47.309667, "fair_value": 45.73359, "relative_strength": -3.16456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.915444, "energy": 88.608446, "activity_lines": [ 51.322666, 50.644454, 49.324047, 48.322699 ] }, { "date": "2024-03-08", "close": 51.66, "volume": 2689, "typical_volume": 7491.35, "trend": 47.489167, "fair_value": 45.798429, "relative_strength": -4.466645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.434735, "energy": 79.898076, "activity_lines": [ 51.522666, 50.943363, 49.679547, 48.603365 ] }, { "date": "2024-03-15", "close": 51.029999, "volume": 3642, "typical_volume": 7253.65, "trend": 47.681166, "fair_value": 45.857019, "relative_strength": -6.885228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.945773, "energy": 65.258635, "activity_lines": [ 51.393999, 51.07209, 49.939238, 48.831806 ] }, { "date": "2024-03-22", "close": 52.380001, "volume": 4572, "typical_volume": 7086.25, "trend": 47.896, "fair_value": 45.921218, "relative_strength": -5.379903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.894041, "energy": 69.467867, "activity_lines": [ 51.712, 51.391454, 50.289476, 49.134957 ] }, { "date": "2024-03-29", "close": 52.779999, "volume": 3367, "typical_volume": 6701.6, "trend": 48.076166, "fair_value": 45.984391, "relative_strength": -5.619776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.651967, "energy": 69.215992, "activity_lines": [ 52.1, 51.717091, 50.640928, 49.450053 ] }, { "date": "2024-04-05", "close": 51.470001, "volume": 2426, "typical_volume": 5998.0, "trend": 48.222833, "fair_value": 46.037083, "relative_strength": -5.85763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.427014, "energy": 58.46491, "activity_lines": [ 51.955333, 51.741273, 50.828333, 49.669011 ] }, { "date": "2024-04-12", "close": 51.650002, "volume": 5690, "typical_volume": 6129.9, "trend": 48.383, "fair_value": 46.088205, "relative_strength": -4.777896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.734135, "energy": 55.989537, "activity_lines": [ 51.884001, 51.775455, 51.00319, 49.890118 ] }, { "date": "2024-04-19", "close": 50.029999, "volume": 6099, "typical_volume": 5722.4, "trend": 48.529333, "fair_value": 46.131122, "relative_strength": -8.065291, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.811243, "energy": 34.102465, "activity_lines": [ 51.273334, 51.482909, 50.994738, 49.996376 ] }, { "date": "2024-04-26", "close": 51.23, "volume": 5939, "typical_volume": 5608.5, "trend": 48.707666, "fair_value": 46.181026, "relative_strength": -6.615818, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.055416, "energy": 23.530454, "activity_lines": [ 51.129334, 51.425818, 51.084524, 50.170613 ] }, { "date": "2024-05-03", "close": 50.330002, "volume": 2191, "typical_volume": 5550.55, "trend": 48.8835, "fair_value": 46.224167, "relative_strength": -6.450765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.368446, "energy": 23.708395, "activity_lines": [ 50.762001, 51.208728, 51.069738, 50.27528 ] }, { "date": "2024-05-10", "close": 51.380001, "volume": 6525, "typical_volume": 5277.15, "trend": 49.082833, "fair_value": 46.274808, "relative_strength": -7.187973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.627588, "energy": 23.648155, "activity_lines": [ 50.908001, 51.20091, 51.147119, 50.436344 ] }, { "date": "2024-05-17", "close": 51.540001, "volume": 2215, "typical_volume": 5274.65, "trend": 49.3295, "fair_value": 46.326058, "relative_strength": -8.64396, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.205095, "energy": 22.859955, "activity_lines": [ 51.113334, 51.227455, 51.226643, 50.594871 ] }, { "date": "2024-05-24", "close": 51.16, "volume": 3488, "typical_volume": 5003.4, "trend": 49.6, "fair_value": 46.373558, "relative_strength": -6.684626, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.900824, "energy": 20.418344, "activity_lines": [ 51.199334, 51.187092, 51.255977, 50.712968 ] }, { "date": "2024-05-31", "close": 49.330002, "volume": 5075, "typical_volume": 4900.9, "trend": 49.7565, "fair_value": 46.407115, "relative_strength": -9.723408, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.036802, "energy": 6.22166, "activity_lines": [ 50.600001, 50.811637, 51.096048, 50.695549 ] }, { "date": "2024-06-07", "close": 50.619999, "volume": 22206, "typical_volume": 5492.6, "trend": 49.9595, "fair_value": 46.443718, "relative_strength": -7.54016, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.713045, "energy": 12.18078, "activity_lines": [ 50.557334, 50.726182, 51.056096, 50.751258 ] }, { "date": "2024-06-14", "close": 50.830002, "volume": 25282, "typical_volume": 6421.15, "trend": 50.146, "fair_value": 46.482949, "relative_strength": -1.339031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.006683, "energy": 14.30295, "activity_lines": [ 50.565334, 50.718183, 51.029858, 50.80742 ] }, { "date": "2024-06-21", "close": 51.630001, "volume": 10182, "typical_volume": 6767.35, "trend": 50.3485, "fair_value": 46.525577, "relative_strength": -1.56836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.757781, "energy": 18.37357, "activity_lines": [ 50.876668, 50.867274, 51.076905, 50.903162 ] }, { "date": "2024-06-28", "close": 51.830002, "volume": 5925, "typical_volume": 6632.6, "trend": 50.520834, "fair_value": 46.56484, "relative_strength": -0.609821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.751557, "energy": 26.206445, "activity_lines": [ 51.248668, 51.053092, 51.134667, 50.998742 ] }, { "date": "2024-07-05", "close": 51.0, "volume": 19669, "typical_volume": 7509.65, "trend": 50.645167, "fair_value": 46.597628, "relative_strength": -4.417041, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.904875, "energy": 23.656693, "activity_lines": [ 51.299334, 51.055274, 51.109334, 51.029656 ] }, { "date": "2024-07-12", "close": 52.23, "volume": 4897, "typical_volume": 7412.8, "trend": 50.763334, "fair_value": 46.63984, "relative_strength": -3.681801, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.602806, "energy": 43.685439, "activity_lines": [ 51.648667, 51.285273, 51.203191, 51.131904 ] }, { "date": "2024-07-19", "close": 51.68, "volume": 9915, "typical_volume": 7599.7, "trend": 50.865, "fair_value": 46.673333, "relative_strength": -3.536435, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.717584, "energy": 48.328679, "activity_lines": [ 51.707334, 51.380728, 51.240429, 51.191043 ] }, { "date": "2024-07-26", "close": 52.66, "volume": 5958, "typical_volume": 7763.15, "trend": 51.000334, "fair_value": 46.714103, "relative_strength": -0.471206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.625453, "energy": 59.878701, "activity_lines": [ 52.036, 51.64891, 51.370953, 51.30685 ] }, { "date": "2024-08-02", "close": 51.220001, "volume": 10515, "typical_volume": 8106.8, "trend": 51.107167, "fair_value": 46.742596, "relative_strength": 2.26583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.137111, "energy": 38.378694, "activity_lines": [ 51.816, 51.63491, 51.359572, 51.321022 ] }, { "date": "2024-08-09", "close": 51.5, "volume": 6738, "typical_volume": 8215.1, "trend": 51.199667, "fair_value": 46.772981, "relative_strength": 3.61227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.758875, "energy": 23.777846, "activity_lines": [ 51.73, 51.670728, 51.373953, 51.346366 ] }, { "date": "2024-08-16", "close": 52.700001, "volume": 844, "typical_volume": 8088.95, "trend": 51.313, "fair_value": 46.810577, "relative_strength": 2.031223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.923285, "energy": 33.802839, "activity_lines": [ 52.010667, 51.885273, 51.50681, 51.443162 ] }, { "date": "2024-08-23", "close": 52.810001, "volume": 5924, "typical_volume": 8263.85, "trend": 51.399334, "fair_value": 46.8475, "relative_strength": 0.466748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.648905, "energy": 34.545339, "activity_lines": [ 52.296667, 52.082001, 51.650524, 51.539743 ] }, { "date": "2024-08-30", "close": 53.669998, "volume": 2561, "typical_volume": 8107.4, "trend": 51.525667, "fair_value": 46.890577, "relative_strength": 0.068754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.618817, "energy": 66.764872, "activity_lines": [ 52.794, 52.399091, 51.869762, 51.686237 ] }, { "date": "2024-09-06", "close": 52.459999, "volume": 2599, "typical_volume": 7932.4, "trend": 51.575, "fair_value": 46.930769, "relative_strength": 1.105614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.548329, "energy": 62.001379, "activity_lines": [ 52.820666, 52.459091, 51.964143, 51.746516 ] }, { "date": "2024-09-13", "close": 53.639999, "volume": 2901, "typical_volume": 7780.5, "trend": 51.648667, "fair_value": 46.979103, "relative_strength": 2.556175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.633063, "energy": 67.944524, "activity_lines": [ 53.157999, 52.722181, 52.159333, 51.879742 ] }, { "date": "2024-09-20", "close": 53.810001, "volume": 1649, "typical_volume": 7753.4, "trend": 51.731, "fair_value": 47.026186, "relative_strength": 2.294259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.331718, "energy": 68.882565, "activity_lines": [ 53.409333, 52.968182, 52.359238, 52.019183 ] }, { "date": "2024-09-27", "close": 54.740002, "volume": 9116, "typical_volume": 7882.95, "trend": 51.833334, "fair_value": 47.081795, "relative_strength": 1.230714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.66651, "energy": 71.82723, "activity_lines": [ 53.896667, 53.354546, 52.631143, 52.213312 ] }, { "date": "2024-10-04", "close": 54.849998, "volume": 14634, "typical_volume": 8503.9, "trend": 51.939667, "fair_value": 47.132436, "relative_strength": 4.838693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.480369, "energy": 77.362741, "activity_lines": [ 54.292, 53.705273, 52.897524, 52.407936 ] }, { "date": "2024-10-11", "close": 55.919998, "volume": 2304, "typical_volume": 8444.7, "trend": 52.102667, "fair_value": 47.184487, "relative_strength": 4.630869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.125952, "energy": 86.308537, "activity_lines": [ 54.965333, 54.210727, 53.250047, 52.664731 ] }, { "date": "2024-10-18", "close": 56.849998, "volume": 2872, "typical_volume": 8334.55, "trend": 52.251667, "fair_value": 47.244135, "relative_strength": 3.661876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.155172, "energy": 92.122364, "activity_lines": [ 55.717999, 54.799817, 53.668476, 52.971011 ] }, { "date": "2024-10-25", "close": 56.130001, "volume": 6418, "typical_volume": 7545.15, "trend": 52.363334, "fair_value": 47.298814, "relative_strength": 3.561927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.800818, "energy": 86.701831, "activity_lines": [ 56.016666, 55.160727, 53.982524, 53.221226 ] }, { "date": "2024-11-01", "close": 55.689999, "volume": 3885, "typical_volume": 6475.3, "trend": 52.504, "fair_value": 47.341314, "relative_strength": 2.983613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.303548, "energy": 84.965195, "activity_lines": [ 56.013999, 55.379272, 54.228428, 53.435849 ] }, { "date": "2024-11-08", "close": 58.220001, "volume": 4712, "typical_volume": 6201.8, "trend": 52.723, "fair_value": 47.39843, "relative_strength": 10.18039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.408096, "energy": 90.408741, "activity_lines": [ 56.791333, 56.005454, 54.692143, 53.804624 ] }, { "date": "2024-11-15", "close": 57.919998, "volume": 9359, "typical_volume": 6373.5, "trend": 52.986, "fair_value": 47.454583, "relative_strength": 8.196781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.60319, "energy": 82.235917, "activity_lines": [ 57.243999, 56.494363, 55.095904, 54.139914 ] }, { "date": "2024-11-22", "close": 59.66, "volume": 23995, "typical_volume": 6589.8, "trend": 53.267, "fair_value": 47.530513, "relative_strength": 13.441125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.833122, "energy": 85.8972, "activity_lines": [ 58.143333, 57.200363, 55.636381, 54.570494 ] }, { "date": "2024-11-29", "close": 59.630001, "volume": 11445, "typical_volume": 6917.2, "trend": 53.577, "fair_value": 47.611571, "relative_strength": 13.342562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.288791, "energy": 89.273834, "activity_lines": [ 58.845333, 57.791454, 56.132762, 54.981011 ] }, { "date": "2024-12-06", "close": 59.860001, "volume": 23631, "typical_volume": 7603.0, "trend": 53.859667, "fair_value": 47.686186, "relative_strength": 9.184771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.766869, "energy": 88.964508, "activity_lines": [ 59.390667, 58.318545, 56.615809, 55.386366 ] }, { "date": "2024-12-13", "close": 59.490002, "volume": 34998, "typical_volume": 9055.0, "trend": 54.124667, "fair_value": 47.755289, "relative_strength": 7.94302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.096316, "energy": 84.072734, "activity_lines": [ 59.534668, 58.685273, 57.024667, 55.749613 ] }, { "date": "2024-12-20", "close": 58.259998, "volume": 26838, "typical_volume": 9871.15, "trend": 54.361333, "fair_value": 47.813622, "relative_strength": 9.063334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.205322, "energy": 64.106078, "activity_lines": [ 59.184, 58.744, 57.283857, 56.016409 ] }, { "date": "2024-12-27", "close": 58.0, "volume": 1620, "typical_volume": 9615.25, "trend": 54.650333, "fair_value": 47.865417, "relative_strength": 7.195241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.803412, "energy": 53.037886, "activity_lines": [ 58.724, 58.712909, 57.484762, 56.251161 ] }, { "date": "2025-01-03", "close": 57.970001, "volume": 44836, "typical_volume": 11814.85, "trend": 54.895333, "fair_value": 47.928141, "relative_strength": 7.085694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.50774, "energy": 37.319625, "activity_lines": [ 58.364667, 58.655455, 57.651857, 56.465333 ] }, { "date": "2025-01-10", "close": 57.209999, "volume": 20024, "typical_volume": 12519.85, "trend": 55.108, "fair_value": 47.991955, "relative_strength": 2.745472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.430454, "energy": 26.536075, "activity_lines": [ 57.862666, 58.426364, 57.721476, 56.614667 ] }, { "date": "2025-01-17", "close": 58.880001, "volume": 15415, "typical_volume": 13162.55, "trend": 55.349667, "fair_value": 48.073974, "relative_strength": 2.315577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.448264, "energy": 25.929066, "activity_lines": [ 58.094, 58.473273, 57.92919, 56.858021 ] }, { "date": "2025-01-24", "close": 58.619999, "volume": 7106, "typical_volume": 13387.9, "trend": 55.576, "fair_value": 48.159006, "relative_strength": 2.094151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.663474, "energy": 27.17796, "activity_lines": [ 58.279333, 58.460909, 58.087333, 57.069011 ] }, { "date": "2025-01-31", "close": 59.709999, "volume": 35680, "typical_volume": 15026.85, "trend": 55.866333, "fair_value": 48.253237, "relative_strength": 3.203127, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.012406, "energy": 41.386053, "activity_lines": [ 58.804, 58.634, 58.319952, 57.33572 ] }, { "date": "2025-02-07", "close": 58.060001, "volume": 42361, "typical_volume": 17062.45, "trend": 56.060667, "fair_value": 48.333494, "relative_strength": -1.147025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.253522, "energy": 37.845645, "activity_lines": [ 58.664667, 58.506182, 58.366524, 57.477247 ] }, { "date": "2025-02-14", "close": 57.060001, "volume": 34579, "typical_volume": 18335.6, "trend": 56.24, "fair_value": 48.415256, "relative_strength": -5.071898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.433974, "energy": 16.04977, "activity_lines": [ 58.186, 58.225091, 58.297619, 57.54172 ] }, { "date": "2025-02-21", "close": 57.32, "volume": 13033, "typical_volume": 18255.55, "trend": 56.395333, "fair_value": 48.495641, "relative_strength": -5.649349, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.172298, "energy": 10.203583, "activity_lines": [ 57.804, 58.042182, 58.242429, 57.611398 ] }, { "date": "2025-02-28", "close": 56.720001, "volume": 37386, "typical_volume": 20009.65, "trend": 56.578667, "fair_value": 48.569744, "relative_strength": -7.087388, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -4.713142, "energy": 19.428263, "activity_lines": [ 57.326001, 57.789637, 58.118334, 57.632344 ] }, { "date": "2025-03-07", "close": 54.16, "volume": 46332, "typical_volume": 22182.65, "trend": 56.667333, "fair_value": 48.634263, "relative_strength": -10.983201, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -46.892894, "energy": 55.814628, "activity_lines": [ 56.121334, 57.099637, 57.746619, 57.476301 ] }, { "date": "2025-03-14", "close": 52.16, "volume": 19468, "typical_volume": 22835.15, "trend": 56.649333, "fair_value": 48.676571, "relative_strength": -14.246623, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.085351, "energy": 74.857045, "activity_lines": [ 54.62, 56.115818, 57.197238, 57.185505 ] }, { "date": "2025-03-21", "close": 52.66, "volume": 25543, "typical_volume": 23918.05, "trend": 56.644333, "fair_value": 48.717372, "relative_strength": -14.084643, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.714167, "energy": 82.421331, "activity_lines": [ 53.678667, 55.328546, 56.714381, 56.928129 ] }, { "date": "2025-03-28", "close": 52.139999, "volume": 6043, "typical_volume": 23984.6, "trend": 56.593333, "fair_value": 48.755353, "relative_strength": -14.098923, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.256835, "energy": 82.907086, "activity_lines": [ 52.857333, 54.529455, 56.196429, 56.637527 ] }, { "date": "2025-04-04", "close": 47.689999, "volume": 30247, "typical_volume": 25029.0, "trend": 56.434333, "fair_value": 48.76391, "relative_strength": -12.007985, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -96.476909, "energy": 98.178501, "activity_lines": [ 50.897999, 53.043818, 55.283619, 56.063118 ] }, { "date": "2025-04-11", "close": 45.349998, "volume": 159530, "typical_volume": 31805.75, "trend": 56.158, "fair_value": 48.759808, "relative_strength": -14.591581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.854712, "energy": 97.998177, "activity_lines": [ 48.760666, 51.331454, 54.196666, 55.348 ] }, { "date": "2025-04-18", "close": 45.965, "volume": 33465, "typical_volume": 32906.75, "trend": 55.8965, "fair_value": 48.765096, "relative_strength": -17.930187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.429439, "energy": 94.531534, "activity_lines": [ 47.415666, 49.991999, 53.236428, 54.690387 ] }, { "date": "2025-04-25", "close": 47.630001, "volume": 80458, "typical_volume": 35748.1, "trend": 55.6595, "fair_value": 48.778974, "relative_strength": -17.848583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.40004, "energy": 86.952404, "activity_lines": [ 47.038666, 49.175182, 52.499833, 54.157064 ] }, { "date": "2025-05-02", "close": 48.98, "volume": 20980, "typical_volume": 35047.2, "trend": 55.463833, "fair_value": 48.807724, "relative_strength": -17.456537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.677062, "energy": 67.25619, "activity_lines": [ 47.447, 48.775272, 51.950047, 53.726129 ] }, { "date": "2025-05-09", "close": 49.669998, "volume": 38472, "typical_volume": 35628.9, "trend": 55.2555, "fair_value": 48.839583, "relative_strength": -18.284932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.402255, "energy": 62.263363, "activity_lines": [ 48.295999, 48.652454, 51.516023, 53.352333 ] }, { "date": "2025-05-16", "close": 51.93, "volume": 10643, "typical_volume": 36080.05, "trend": 55.0915, "fair_value": 48.900288, "relative_strength": -17.084698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.909526, "energy": 39.034656, "activity_lines": [ 49.766333, 49.068727, 51.338143, 53.137785 ] }, { "date": "2025-05-23", "close": 49.514999, "volume": 1495, "typical_volume": 33913.0, "trend": 54.871, "fair_value": 48.932981, "relative_strength": -18.342013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.387998, "energy": 28.08719, "activity_lines": [ 49.992999, 49.086454, 50.959166, 52.778011 ] }, { "date": "2025-05-30", "close": 50.330002, "volume": 7079, "typical_volume": 33265.75, "trend": 54.692333, "fair_value": 48.970737, "relative_strength": -18.085998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.166095, "energy": 26.719246, "activity_lines": [ 50.254667, 49.300454, 50.698071, 52.485043 ] }, { "date": "2025-06-06", "close": 51.049999, "volume": 3588, "typical_volume": 32674.4, "trend": 54.453333, "fair_value": 49.021763, "relative_strength": -17.758425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.561779, "energy": 25.453347, "activity_lines": [ 50.576333, 49.687727, 50.538309, 52.250054 ] }, { "date": "2025-06-13", "close": 50.27, "volume": 18120, "typical_volume": 33225.1, "trend": 54.198333, "fair_value": 49.08093, "relative_strength": -16.330632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.881391, "energy": 22.172575, "activity_lines": [ 50.5, 49.953, 50.341547, 51.980161 ] }, { "date": "2025-06-20", "close": 49.755001, "volume": 6509, "typical_volume": 31766.55, "trend": 53.868167, "fair_value": 49.122436, "relative_strength": -16.451552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.078916, "energy": 22.658485, "activity_lines": [ 50.212, 50.077727, 50.1355, 51.693495 ] }, { "date": "2025-06-27", "close": 50.18, "volume": 3813, "typical_volume": 29839.15, "trend": 53.553167, "fair_value": 49.170801, "relative_strength": -16.503291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.141996, "energy": 17.764294, "activity_lines": [ 50.210667, 50.199636, 50.017333, 51.455548 ] }, { "date": "2025-07-04", "close": 51.130001, "volume": 10825, "typical_volume": 28651.45, "trend": 53.262167, "fair_value": 49.209744, "relative_strength": -14.436278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.893796, "energy": 17.107506, "activity_lines": [ 50.481667, 50.417637, 50.027167, 51.299215 ] }, { "date": "2025-07-11", "close": 51.560001, "volume": 12574, "typical_volume": 28628.5, "trend": 52.997833, "fair_value": 49.253045, "relative_strength": -14.454205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.569392, "energy": 9.839437, "activity_lines": [ 50.842667, 50.650182, 50.106191, 51.189398 ] }, { "date": "2025-07-18", "close": 51.639999, "volume": 7113, "typical_volume": 27114.85, "trend": 52.777167, "fair_value": 49.289455, "relative_strength": -14.568208, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.512554, "energy": 12.219181, "activity_lines": [ 51.196334, 50.850364, 50.220262, 51.101796 ] }, { "date": "2025-07-25", "close": 52.52, "volume": 28428, "typical_volume": 26219.65, "trend": 52.5945, "fair_value": 49.325417, "relative_strength": -13.699161, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.115121, "energy": 29.561431, "activity_lines": [ 51.752, 51.174727, 50.442333, 51.085204 ] }, { "date": "2025-08-01", "close": 51.66, "volume": 25101, "typical_volume": 26501.3, "trend": 52.384167, "fair_value": 49.351923, "relative_strength": -13.1057, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.829194, "energy": 23.20956, "activity_lines": [ 51.836667, 51.332, 50.59031, 51.024914 ] }, { "date": "2025-08-08", "close": 51.52, "volume": 11799, "typical_volume": 25814.1, "trend": 52.1945, "fair_value": 49.372789, "relative_strength": -16.427736, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.661848, "energy": 16.887847, "activity_lines": [ 51.776, 51.424818, 50.727333, 50.969161 ] }, { "date": "2025-08-15", "close": 52.869999, "volume": 9006, "typical_volume": 25962.25, "trend": 51.994167, "fair_value": 49.397564, "relative_strength": -15.920738, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.084238, "energy": 35.025533, "activity_lines": [ 52.139333, 51.741454, 50.998357, 51.012742 ] }, { "date": "2025-08-22", "close": 53.349998, "volume": 9541, "typical_volume": 24926.95, "trend": 51.8185, "fair_value": 49.433462, "relative_strength": -16.072894, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.397173, "energy": 46.866476, "activity_lines": [ 52.575332, 52.112272, 51.311619, 51.100215 ] }, { "date": "2025-08-29", "close": 52.450001, "volume": 10556, "typical_volume": 17478.25, "trend": 51.5765, "fair_value": 49.473045, "relative_strength": -14.955589, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.827097, "energy": 46.737466, "activity_lines": [ 52.597333, 52.263454, 51.512214, 51.140957 ] }, { "date": "2025-09-05", "close": 52.57, "volume": 19174, "typical_volume": 16763.7, "trend": 51.3935, "fair_value": 49.509744, "relative_strength": -13.199715, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 30.260276, "energy": 51.563733, "activity_lines": [ 52.664, 52.387454, 51.690428, 51.205054 ] }, { "date": "2025-09-12", "close": 52.259998, "volume": 12887, "typical_volume": 13385.15, "trend": 51.2335, "fair_value": 49.54391, "relative_strength": -15.239025, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.321016, "energy": 53.379493, "activity_lines": [ 52.566666, 52.411636, 51.807666, 51.260957 ] }, { "date": "2025-09-19", "close": 52.450001, "volume": 19868, "typical_volume": 13329.55, "trend": 51.071167, "fair_value": 49.600032, "relative_strength": -14.015837, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.587403, "energy": 32.643193, "activity_lines": [ 52.483333, 52.449818, 51.920952, 51.339441 ] }, { "date": "2025-09-26", "close": 52.169998, "volume": 5428, "typical_volume": 11677.35, "trend": 50.9195, "fair_value": 49.657821, "relative_strength": -14.743268, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.734253, "energy": 24.660161, "activity_lines": [ 52.334666, 52.420908, 51.991047, 51.410333 ] }, { "date": "2025-10-03", "close": 53.990002, "volume": 4048, "typical_volume": 11347.6, "trend": 50.913833, "fair_value": 49.727372, "relative_strength": -12.566535, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.394192, "energy": 42.318364, "activity_lines": [ 52.871333, 52.713273, 52.222571, 51.60843 ] }, { "date": "2025-10-10", "close": 52.919998, "volume": 4129, "typical_volume": 11479.3, "trend": 50.939166, "fair_value": 49.794103, "relative_strength": -11.389833, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.476572, "energy": 37.998411, "activity_lines": [ 52.948666, 52.784363, 52.342381, 51.73786 ] }, { "date": "2025-10-17", "close": 53.52, "volume": 62964, "typical_volume": 14273.55, "trend": 50.967833, "fair_value": 49.864808, "relative_strength": -9.35388, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.367566, "energy": 54.016672, "activity_lines": [ 53.202666, 52.941636, 52.503119, 51.904365 ] }, { "date": "2025-10-24", "close": 55.09, "volume": 37514, "typical_volume": 15969.85, "trend": 51.066166, "fair_value": 49.930865, "relative_strength": -7.898126, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.083801, "energy": 79.79658, "activity_lines": [ 53.896, 53.348, 52.79819, 52.170312 ] }, { "date": "2025-10-31", "close": 54.380001, "volume": 17535, "typical_volume": 15940.6, "trend": 51.289167, "fair_value": 50.000545, "relative_strength": -10.108423, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.354455, "energy": 74.268016, "activity_lines": [ 54.176667, 53.584909, 53.006405, 52.384107 ] }, { "date": "2025-11-07", "close": 52.880001, "volume": 7027, "typical_volume": 15966.5, "trend": 51.540167, "fair_value": 50.050417, "relative_strength": -11.469746, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.074067, "energy": 53.102904, "activity_lines": [ 53.81, 53.530364, 53.05219, 52.486742 ] }, { "date": "2025-11-14", "close": 53.400002, "volume": 16975, "typical_volume": 16624.6, "trend": 51.788, "fair_value": 50.105513, "relative_strength": -12.205183, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.507096, "energy": 42.296563, "activity_lines": [ 53.690668, 53.562546, 53.132619, 52.606731 ] }, { "date": "2025-11-21", "close": 53.209999, "volume": 10932, "typical_volume": 16629.95, "trend": 51.974, "fair_value": 50.154551, "relative_strength": -9.109099, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.763439, "energy": 24.816207, "activity_lines": [ 53.476001, 53.545091, 53.179619, 52.698473 ] }, { "date": "2025-11-28", "close": 54.889999, "volume": 14954, "typical_volume": 16748.95, "trend": 52.171, "fair_value": 50.214519, "relative_strength": -7.067039, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.359828, "energy": 35.17019, "activity_lines": [ 53.842, 53.815818, 53.376714, 52.886602 ] }, { "date": "2025-12-05", "close": 55.700001, "volume": 29089, "typical_volume": 17847.75, "trend": 52.372, "fair_value": 50.286539, "relative_strength": -5.272066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.2792, "energy": 49.677012, "activity_lines": [ 54.491334, 54.189455, 53.635095, 53.11428 ] }, { "date": "2025-12-12", "close": 54.970001, "volume": 5835, "typical_volume": 16718.1, "trend": 52.473333, "fair_value": 50.363301, "relative_strength": -6.098214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.391659, "energy": 56.285121, "activity_lines": [ 54.809334, 54.366182, 53.804619, 53.281893 ] }, { "date": "2025-12-19", "close": 54.73, "volume": 8753, "typical_volume": 15900.7, "trend": 52.647167, "fair_value": 50.440096, "relative_strength": -8.44894, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.438748, "energy": 63.936214, "activity_lines": [ 54.908, 54.481455, 53.939619, 53.427484 ] }, { "date": "2025-12-26", "close": 54.52, "volume": 1310, "typical_volume": 15376.25, "trend": 52.786833, "fair_value": 50.517115, "relative_strength": -7.860537, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.555966, "energy": 55.137499, "activity_lines": [ 54.848, 54.525637, 54.04, 53.548312 ] }, { "date": "2026-01-02", "close": 54.549999, "volume": 3109, "typical_volume": 15081.4, "trend": 52.9035, "fair_value": 50.585833, "relative_strength": -8.711291, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.178278, "energy": 36.787505, "activity_lines": [ 54.710667, 54.557091, 54.128952, 53.662065 ] }, { "date": "2026-01-09", "close": 56.509998, "volume": 7180, "typical_volume": 14963.35, "trend": 53.1115, "fair_value": 50.662724, "relative_strength": -5.601289, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.391999, "energy": 48.393924, "activity_lines": [ 55.249332, 54.954727, 54.396571, 53.894742 ] }, { "date": "2026-01-16", "close": 56.459999, "volume": 35252, "typical_volume": 16198.15, "trend": 53.335, "fair_value": 50.744487, "relative_strength": -5.308225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.549444, "energy": 58.205158, "activity_lines": [ 55.717332, 55.304545, 54.644381, 54.110774 ] }, { "date": "2026-01-23", "close": 55.450001, "volume": 22672, "typical_volume": 16373.05, "trend": 53.510667, "fair_value": 50.811122, "relative_strength": -4.454371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.831622, "energy": 55.10812, "activity_lines": [ 55.749333, 55.405636, 54.776905, 54.247226 ] }, { "date": "2026-01-30", "close": 53.639999, "volume": 45188, "typical_volume": 17988.1, "trend": 53.594333, "fair_value": 50.85609, "relative_strength": -8.359332, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.970588, "energy": 28.820316, "activity_lines": [ 55.129999, 55.140363, 54.723333, 54.25557 ] }, { "date": "2026-02-06", "close": 54.849998, "volume": 54659, "typical_volume": 19727.65, "trend": 53.704, "fair_value": 50.911955, "relative_strength": -6.487779, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.671361, "energy": 22.25427, "activity_lines": [ 54.972666, 55.087272, 54.778428, 54.33658 ] }, { "date": "2026-02-13", "close": 54.48, "volume": 31916, "typical_volume": 21052.05, "trend": 53.798666, "fair_value": 50.964968, "relative_strength": -5.776953, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.908516, "energy": 20.284337, "activity_lines": [ 54.671999, 54.967636, 54.786857, 54.386645 ] }, { "date": "2026-02-20", "close": 54.849998, "volume": 36585, "typical_volume": 22678.9, "trend": 53.876333, "fair_value": 51.024936, "relative_strength": -6.825274, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.291932, "energy": 20.515447, "activity_lines": [ 54.629999, 54.937454, 54.819523, 54.454473 ] }, { "date": "2026-02-27", "close": 54.919998, "volume": 46265, "typical_volume": 24785.7, "trend": 53.985, "fair_value": 51.083558, "relative_strength": -7.736929, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.003156, "energy": 14.059762, "activity_lines": [ 54.718665, 54.922181, 54.854761, 54.521806 ] }, { "date": "2026-03-06", "close": 54.84, "volume": 47296, "typical_volume": 24002.3, "trend": 54.095666, "fair_value": 51.152468, "relative_strength": -1.24749, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.696141, "energy": 12.350224, "activity_lines": [ 54.815999, 54.888908, 54.872856, 54.576967 ] }, { "date": "2026-03-13", "close": 52.599998, "volume": 60744, "typical_volume": 25163.8, "trend": 54.086666, "fair_value": 51.208942, "relative_strength": -5.398804, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.81288, "energy": 22.268745, "activity_lines": [ 54.086665, 54.442544, 54.671333, 54.480473 ] }, { "date": "2026-03-20", "close": 51.5, "volume": 29205, "typical_volume": 25747.3, "trend": 54.025, "fair_value": 51.261442, "relative_strength": -3.969806, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.410205, "energy": 56.409909, "activity_lines": [ 53.140666, 53.831635, 54.376904, 54.313591 ] }, { "date": "2026-03-27", "close": 50.57, "volume": 26769, "typical_volume": 26734.4, "trend": 53.962333, "fair_value": 51.298237, "relative_strength": -6.614975, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.498079, "energy": 73.263349, "activity_lines": [ 52.083333, 53.142726, 54.007618, 54.090688 ] }, { "date": "2026-04-03", "close": 51.139999, "volume": 11786, "typical_volume": 26474.95, "trend": 53.914666, "fair_value": 51.345801, "relative_strength": -9.856506, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.288932, "energy": 82.788411, "activity_lines": [ 51.501333, 52.664545, 53.703618, 53.908602 ] }, { "date": "2026-04-10", "close": 51.200001, "volume": 6581, "typical_volume": 26257.4, "trend": 53.879333, "fair_value": 51.391378, "relative_strength": -13.166139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.567198, "energy": 82.438944, "activity_lines": [ 51.191333, 52.275636, 53.416095, 53.733462 ] }, { "date": "2026-04-17", "close": 53.0, "volume": 9547, "typical_volume": 25987.05, "trend": 53.897666, "fair_value": 51.447981, "relative_strength": -12.167758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.73893, "energy": 67.075612, "activity_lines": [ 51.724, 52.258363, 53.309571, 53.676731 ] }, { "date": "2026-04-24", "close": 52.66, "volume": 13137, "typical_volume": 25189.45, "trend": 53.914, "fair_value": 51.503301, "relative_strength": -10.27195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.072632, "energy": 41.151498, "activity_lines": [ 52.116667, 52.212909, 53.179666, 53.596881 ] }, { "date": "2026-05-01", "close": 52.049999, "volume": 14553, "typical_volume": 25625.35, "trend": 53.849333, "fair_value": 51.557179, "relative_strength": -12.122734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.681461, "energy": 31.275167, "activity_lines": [ 52.228666, 52.089636, 53.006142, 53.476623 ] }, { "date": "2026-05-08", "close": 52.139999, "volume": 16278, "typical_volume": 26001.6, "trend": 53.823333, "fair_value": 51.60891, "relative_strength": -13.559358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.464189, "energy": 23.990518, "activity_lines": [ 52.271999, 52.033636, 52.855095, 53.366344 ] }, { "date": "2026-05-15", "close": 51.330002, "volume": 11988, "typical_volume": 26535.5, "trend": 53.750333, "fair_value": 51.647981, "relative_strength": -14.287956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.202228, "energy": 35.654345, "activity_lines": [ 51.978667, 51.880909, 52.639238, 53.205483 ] }, { "date": "2026-05-22", "close": 52.939999, "volume": 15481, "typical_volume": 27154.1, "trend": 53.678666, "fair_value": 51.695994, "relative_strength": -12.048064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.089434, "energy": 27.518368, "activity_lines": [ 52.213333, 52.084727, 52.591904, 53.153204 ] }, { "date": "2026-05-29", "close": 53.639999, "volume": 5145, "typical_volume": 27052.35, "trend": 53.654, "fair_value": 51.74375, "relative_strength": -11.5652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.838758, "energy": 13.729112, "activity_lines": [ 52.685333, 52.409636, 52.618904, 53.150709 ] }, { "date": "2026-06-05", "close": 53.889999, "volume": 19680, "typical_volume": 26273.75, "trend": 53.687666, "fair_value": 51.792788, "relative_strength": -10.645391, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.504201, "energy": 10.983863, "activity_lines": [ 53.175333, 52.74109, 52.68338, 53.165935 ] }, { "date": "2026-06-12", "close": 53.799999, "volume": 3875, "typical_volume": 25333.9, "trend": 53.700999, "fair_value": 51.837852, "relative_strength": -13.255865, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.743932, "energy": 22.50137, "activity_lines": [ 53.512666, 52.995818, 52.751523, 53.173182 ] }, { "date": "2026-06-19", "close": 53.66, "volume": 7518, "typical_volume": 23450.4, "trend": 53.715999, "fair_value": 51.888878, "relative_strength": -15.353098, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.190438, "energy": 26.047811, "activity_lines": [ 53.692666, 53.176727, 52.81419, 53.170537 ] }, { "date": "2026-06-26", "close": 54.740002, "volume": 1753, "typical_volume": 20805.1, "trend": 53.711, "fair_value": 51.939679, "relative_strength": -10.702379, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.110131, "energy": 58.383147, "activity_lines": [ 54.077334, 53.509273, 52.979619, 53.236602 ] }, { "date": "2026-07-03", "close": 55.950001, "volume": 612, "typical_volume": 19239.9, "trend": 53.719333, "fair_value": 52.003077, "relative_strength": -11.083253, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.132629, "energy": 70.704469, "activity_lines": [ 54.745334, 54.030182, 53.260809, 53.381054 ] }, { "date": "2026-07-10", "close": 56.110001, "volume": 22169, "typical_volume": 18519.1, "trend": 53.757333, "fair_value": 52.068333, "relative_strength": -10.162431, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.009673, "energy": 76.266557, "activity_lines": [ 55.312668, 54.520364, 53.550238, 53.53529 ] }, { "date": "2026-07-17", "close": 56.59, "volume": 23182, "typical_volume": 17364.95, "trend": 53.819333, "fair_value": 52.129359, "relative_strength": -7.831461, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.822671, "energy": 81.937786, "activity_lines": [ 55.892001, 55.024, 53.879381, 53.718043 ] }, { "date": "2026-07-24", "close": 56.02, "volume": 53572, "typical_volume": 17678.75, "trend": 53.869333, "fair_value": 52.184423, "relative_strength": -8.308749, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.96169, "energy": 74.515202, "activity_lines": [ 56.095334, 55.343091, 54.146286, 53.860021 ] }, { "date": "2026-07-31", "close": 57.029999, "volume": 44900, "typical_volume": 16886.55, "trend": 53.952, "fair_value": 52.251378, "relative_strength": -7.015787, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.831101, "energy": 84.865938, "activity_lines": [ 56.478, 55.760546, 54.503762, 54.063935 ] }, { "date": "2026-08-07", "close": 58.560001, "volume": 56985, "typical_volume": 18275.55, "trend": 54.020333, "fair_value": 52.330128, "relative_strength": -7.041136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.472407, "energy": 90.675405, "activity_lines": [ 57.218, 56.381818, 54.985857, 54.361226 ] } ], "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." } } }