{ "ticker": { "uuid": "e684fb7c-c00c-488d-9e4b-85c8d239faf2", "symbol": "XUT", "name": "iShares S&P/TSX Capped Utilities Index ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 50.451, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 40.917, "architecture_energy": 37.414, "architecture_maturity": 67.247, "architecture_confidence": 60.227, "architecture_tenure": "Developing", "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": 26.27, "rotation_up": 45.14, "upward_expansion": 73.53, "deceleration": 62.48, "rotation_down": 28.23, "downward_expansion": 14.53 }, "activity_lines": [ 36.884248, 36.931175, 36.529999, 36.048799 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 35.82, "trend_reference": 35.225096, "distance_from_trend": 0.016889, "trend_direction": "Improving", "fair_value": 28.73918, "distance_from_fair_value": 0.246382, "fair_value_direction": "Weakening", "relative_strength": -6.224431, "relative_strength_direction": "Weakening", "price_momentum": 0.095931, "excess_performance": -0.02449, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.016889, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041535, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.246382, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.015345, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.062244, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024317, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.095931, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.485544, "read": "Demand-led" } ], "volume": { "latest": 1619300, "relative_activity": 1.052549, "balance": 1.485544, "dry_up": 0.943073, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.021693, "annualized_volatility": 0.138173, "from_high_reference": -0.063467, "from_low_reference": 0.17163 }, "levels": { "trend_reference": 35.225096, "fair_value_reference": 28.73918, "structural_low": 32.466766, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": 0.008942, "positive_rate": 0.617647, "directional_follow_through": 0.617647, "median_excess_return": -0.002268, "regime_survival": 0.794118, "best_return": 0.061887, "worst_return": -0.150519, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.036712, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.021498, "regime_survival": 0.363636, "best_return": 0.067089, "worst_return": -0.158567, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.023346, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.029469, "regime_survival": 0.5, "best_return": 0.126725, "worst_return": -0.200885, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.118301, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.036502, "regime_survival": 0.25, "best_return": 0.225526, "worst_return": -0.183049, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-02", "end": "2024-04-12", "tenure": "Developing", "return": -0.056287, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-05-03", "tenure": "New", "return": 0.050815, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.010364, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-11-15", "tenure": "Established", "return": 0.106972, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.015061, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.034496, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-03-14", "tenure": "Developing", "return": 0.036832, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-12-05", "tenure": "Extended", "return": 0.144787, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": -0.014158, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": 0.0097, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": 0.042701, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-05-08", "tenure": "Developing", "return": 0.00706, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.033682, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.008444, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 24.230091, "volume": 680905, "typical_volume": 672577.4, "trend": 25.591868, "fair_value": 26.243925, "relative_strength": -5.637078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.326281, "energy": 77.414601, "activity_lines": [ 24.490701, 24.840723, 25.37334, 25.540462 ] }, { "date": "2023-08-25", "close": 24.230959, "volume": 745753, "typical_volume": 667766.85, "trend": 25.555484, "fair_value": 26.254205, "relative_strength": -5.349554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.929796, "energy": 79.772351, "activity_lines": [ 24.318714, 24.695763, 25.223423, 25.452661 ] }, { "date": "2023-09-01", "close": 24.435444, "volume": 397388, "typical_volume": 632906.2, "trend": 25.530771, "fair_value": 26.266826, "relative_strength": -7.415298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.500863, "energy": 72.965815, "activity_lines": [ 24.312363, 24.60913, 25.103593, 25.380401 ] }, { "date": "2023-09-08", "close": 23.961418, "volume": 357630, "typical_volume": 595768.15, "trend": 25.499359, "fair_value": 26.274944, "relative_strength": -6.685939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.74492, "energy": 66.937172, "activity_lines": [ 24.20288, 24.444865, 24.949303, 25.279152 ] }, { "date": "2023-09-15", "close": 24.779346, "volume": 271649, "typical_volume": 567720.45, "trend": 25.480647, "fair_value": 26.286245, "relative_strength": -5.659288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.853696, "energy": 43.676346, "activity_lines": [ 24.382716, 24.458615, 24.885985, 25.2327 ] }, { "date": "2023-09-22", "close": 23.877766, "volume": 552463, "typical_volume": 537168.5, "trend": 25.445704, "fair_value": 26.288909, "relative_strength": -4.763135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.460902, "energy": 46.74362, "activity_lines": [ 24.232821, 24.314136, 24.745464, 25.129288 ] }, { "date": "2023-09-29", "close": 22.508081, "volume": 980730, "typical_volume": 554205.5, "trend": 25.365713, "fair_value": 26.278549, "relative_strength": -8.744569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.070816, "energy": 63.832214, "activity_lines": [ 23.649852, 23.951614, 24.488723, 24.939764 ] }, { "date": "2023-10-06", "close": 22.470783, "volume": 1734781, "typical_volume": 599444.65, "trend": 25.296043, "fair_value": 26.266698, "relative_strength": -7.221347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.573893, "energy": 78.192428, "activity_lines": [ 23.16931, 23.640219, 24.249394, 24.752994 ] }, { "date": "2023-10-13", "close": 22.302948, "volume": 615768, "typical_volume": 602252.85, "trend": 25.190345, "fair_value": 26.251812, "relative_strength": -8.67543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.407522, "energy": 88.609436, "activity_lines": [ 22.7638, 23.348997, 24.013868, 24.559891 ] }, { "date": "2023-10-20", "close": 21.193396, "volume": 865896, "typical_volume": 630353.65, "trend": 25.061208, "fair_value": 26.231392, "relative_strength": -11.372398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.135666, "energy": 94.520043, "activity_lines": [ 22.099003, 22.890739, 23.69125, 24.302024 ] }, { "date": "2023-10-27", "close": 21.255291, "volume": 1176915, "typical_volume": 667988.6, "trend": 24.903911, "fair_value": 26.216521, "relative_strength": -9.054564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.35243, "energy": 91.320404, "activity_lines": [ 21.693902, 22.50097, 23.39975, 24.056481 ] }, { "date": "2023-11-03", "close": 23.239485, "volume": 1082346, "typical_volume": 677773.75, "trend": 24.796573, "fair_value": 26.20831, "relative_strength": -5.821953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.036751, "energy": 62.747319, "activity_lines": [ 22.12503, 22.52605, 23.32114, 23.949098 ] }, { "date": "2023-11-10", "close": 22.752804, "volume": 546191, "typical_volume": 684181.35, "trend": 24.665685, "fair_value": 26.195507, "relative_strength": -6.833673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.47812, "energy": 53.117212, "activity_lines": [ 22.345172, 22.48067, 23.206439, 23.817242 ] }, { "date": "2023-11-17", "close": 23.623228, "volume": 1332570, "typical_volume": 732937.95, "trend": 24.562896, "fair_value": 26.189375, "relative_strength": -5.654758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.415432, "energy": 29.39427, "activity_lines": [ 22.836653, 22.624142, 23.184889, 23.749987 ] }, { "date": "2023-11-24", "close": 23.282301, "volume": 417268, "typical_volume": 730805.35, "trend": 24.452354, "fair_value": 26.177633, "relative_strength": -6.540275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.942739, "energy": 27.660555, "activity_lines": [ 23.126473, 22.711776, 23.140154, 23.667368 ] }, { "date": "2023-12-01", "close": 23.545277, "volume": 1619851, "typical_volume": 778901.0, "trend": 24.3417, "fair_value": 26.169439, "relative_strength": -6.975399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.969448, "energy": 24.014459, "activity_lines": [ 23.364691, 22.874443, 23.129085, 23.608847 ] }, { "date": "2023-12-08", "close": 23.723719, "volume": 1034578, "typical_volume": 800816.15, "trend": 24.235464, "fair_value": 26.162333, "relative_strength": -5.548829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.202928, "energy": 20.918701, "activity_lines": [ 23.509724, 23.075599, 23.14471, 23.568977 ] }, { "date": "2023-12-15", "close": 24.108782, "volume": 1478092, "typical_volume": 865736.55, "trend": 24.151554, "fair_value": 26.159119, "relative_strength": -4.77526, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.120139, "energy": 14.510861, "activity_lines": [ 23.75083, 23.324665, 23.206385, 23.560804 ] }, { "date": "2023-12-22", "close": 24.127565, "volume": 1576426, "typical_volume": 897113.55, "trend": 24.082318, "fair_value": 26.153125, "relative_strength": -6.149036, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.176972, "energy": 17.899517, "activity_lines": [ 23.907798, 23.547363, 23.275325, 23.559256 ] }, { "date": "2023-12-29", "close": 24.275421, "volume": 677045, "typical_volume": 907212.25, "trend": 24.008492, "fair_value": 26.147449, "relative_strength": -5.775072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.949072, "energy": 32.534994, "activity_lines": [ 24.080428, 23.76377, 23.358746, 23.571715 ] }, { "date": "2024-01-05", "close": 24.341389, "volume": 212300, "typical_volume": 883782.0, "trend": 23.943927, "fair_value": 26.136982, "relative_strength": -5.280168, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.987459, "energy": 45.875281, "activity_lines": [ 24.20884, 23.936134, 23.448764, 23.593192 ] }, { "date": "2024-01-12", "close": 24.181183, "volume": 755499, "typical_volume": 884269.3, "trend": 23.903496, "fair_value": 26.125043, "relative_strength": -5.997314, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.729867, "energy": 40.869821, "activity_lines": [ 24.230776, 24.023258, 23.522994, 23.608499 ] }, { "date": "2024-01-19", "close": 24.030411, "volume": 619917, "typical_volume": 895395.75, "trend": 23.874312, "fair_value": 26.109253, "relative_strength": -6.065184, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.017369, "energy": 28.824128, "activity_lines": [ 24.171957, 24.065848, 23.583101, 23.616687 ] }, { "date": "2024-01-26", "close": 24.033861, "volume": 1014602, "typical_volume": 928244.35, "trend": 23.823008, "fair_value": 26.097945, "relative_strength": -6.900715, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.474781, "energy": 21.395452, "activity_lines": [ 24.119513, 24.085836, 23.645466, 23.62698 ] }, { "date": "2024-02-02", "close": 24.052769, "volume": 1683250, "typical_volume": 998824.4, "trend": 23.788348, "fair_value": 26.083421, "relative_strength": -6.543774, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.166546, "energy": 15.300655, "activity_lines": [ 24.079618, 24.101796, 23.709287, 23.641804 ] }, { "date": "2024-02-09", "close": 23.409859, "volume": 945798, "typical_volume": 1018491.15, "trend": 23.715936, "fair_value": 26.067334, "relative_strength": -8.579571, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.411094, "energy": 8.371177, "activity_lines": [ 23.840264, 23.986854, 23.715338, 23.617385 ] }, { "date": "2024-02-16", "close": 23.835312, "volume": 889538, "typical_volume": 1013931.55, "trend": 23.654011, "fair_value": 26.055921, "relative_strength": -7.829795, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.987093, "energy": 8.625157, "activity_lines": [ 23.804829, 23.95173, 23.764136, 23.625087 ] }, { "date": "2024-02-23", "close": 23.781158, "volume": 758588, "typical_volume": 965121.9, "trend": 23.604763, "fair_value": 26.051695, "relative_strength": -8.539357, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.016352, "energy": 17.522263, "activity_lines": [ 23.774401, 23.90473, 23.801457, 23.63329 ] }, { "date": "2024-03-01", "close": 23.534519, "volume": 1235974, "typical_volume": 996132.2, "trend": 23.582195, "fair_value": 26.046892, "relative_strength": -9.903806, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.098822, "energy": 16.17869, "activity_lines": [ 23.678377, 23.818844, 23.809049, 23.628758 ] }, { "date": "2024-03-08", "close": 24.189047, "volume": 1160221, "typical_volume": 1010848.45, "trend": 23.57712, "fair_value": 26.039987, "relative_strength": -7.997962, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.596678, "energy": 14.436608, "activity_lines": [ 23.833818, 23.862746, 23.873112, 23.667909 ] }, { "date": "2024-03-15", "close": 23.724232, "volume": 1525184, "typical_volume": 1028261.9, "trend": 23.560258, "fair_value": 26.030325, "relative_strength": -9.9004, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.42506, "energy": 13.309219, "activity_lines": [ 23.825236, 23.823706, 23.878641, 23.677401 ] }, { "date": "2024-03-22", "close": 23.783882, "volume": 918488, "typical_volume": 1020069.0, "trend": 23.545356, "fair_value": 26.017039, "relative_strength": -9.935592, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.272529, "energy": 13.646016, "activity_lines": [ 23.815578, 23.806733, 23.878095, 23.691828 ] }, { "date": "2024-03-29", "close": 23.983744, "volume": 686888, "typical_volume": 1027103.85, "trend": 23.530299, "fair_value": 26.003302, "relative_strength": -9.623851, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.514949, "energy": 19.644213, "activity_lines": [ 23.87597, 23.833322, 23.893991, 23.720111 ] }, { "date": "2024-04-05", "close": 23.403189, "volume": 1058509, "typical_volume": 1013400.8, "trend": 23.511692, "fair_value": 25.983888, "relative_strength": -11.830561, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.738367, "energy": 5.801276, "activity_lines": [ 23.729339, 23.755204, 23.848735, 23.71191 ] }, { "date": "2024-04-12", "close": 22.698902, "volume": 1676399, "typical_volume": 1076357.35, "trend": 23.442343, "fair_value": 25.95996, "relative_strength": -12.694955, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.520506, "energy": 34.602242, "activity_lines": [ 23.3567, 23.5605, 23.737451, 23.659472 ] }, { "date": "2024-04-19", "close": 22.889252, "volume": 1648220, "typical_volume": 1077775.8, "trend": 23.409393, "fair_value": 25.938537, "relative_strength": -11.242499, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.736794, "energy": 44.655309, "activity_lines": [ 23.146854, 23.425022, 23.647074, 23.623789 ] }, { "date": "2024-04-26", "close": 23.021133, "volume": 900539, "typical_volume": 1071073.85, "trend": 23.426495, "fair_value": 25.920658, "relative_strength": -11.039869, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.912595, "energy": 51.995332, "activity_lines": [ 23.036633, 23.322987, 23.572381, 23.59874 ] }, { "date": "2024-05-03", "close": 24.052359, "volume": 2287052, "typical_volume": 1111521.85, "trend": 23.479214, "fair_value": 25.911575, "relative_strength": -6.639637, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.495791, "energy": 27.549411, "activity_lines": [ 23.321005, 23.423251, 23.599246, 23.639118 ] }, { "date": "2024-05-10", "close": 24.873522, "volume": 1221401, "typical_volume": 1093770.6, "trend": 23.5649, "fair_value": 25.909212, "relative_strength": -4.699911, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.632181, "energy": 25.189027, "activity_lines": [ 23.874523, 23.667887, 23.704585, 23.729074 ] }, { "date": "2024-05-17", "close": 25.131321, "volume": 1230763, "typical_volume": 1121456.5, "trend": 23.696164, "fair_value": 25.905487, "relative_strength": -4.083918, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.864711, "energy": 56.785967, "activity_lines": [ 24.415953, 23.935049, 23.830924, 23.830133 ] }, { "date": "2024-05-24", "close": 24.833532, "volume": 956123, "typical_volume": 1158647.65, "trend": 23.815439, "fair_value": 25.899742, "relative_strength": -4.286654, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.039528, "energy": 65.042549, "activity_lines": [ 24.695957, 24.130936, 23.924827, 23.903512 ] }, { "date": "2024-05-31", "close": 24.603678, "volume": 1190328, "typical_volume": 1180389.1, "trend": 23.860912, "fair_value": 25.890782, "relative_strength": -4.607859, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.630673, "energy": 70.181623, "activity_lines": [ 24.769726, 24.264863, 23.994496, 23.954366 ] }, { "date": "2024-06-07", "close": 24.823957, "volume": 1513989, "typical_volume": 1225092.7, "trend": 23.92995, "fair_value": 25.880651, "relative_strength": -2.294357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.2699, "energy": 70.341242, "activity_lines": [ 24.811417, 24.423934, 24.083131, 24.016498 ] }, { "date": "2024-06-14", "close": 24.124823, "volume": 771229, "typical_volume": 1212924.05, "trend": 23.94667, "fair_value": 25.866039, "relative_strength": -3.179502, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.95361, "energy": 37.398045, "activity_lines": [ 24.568624, 24.440614, 24.101404, 24.02907 ] }, { "date": "2024-06-21", "close": 23.645964, "volume": 892337, "typical_volume": 1173378.4, "trend": 23.958792, "fair_value": 25.849436, "relative_strength": -4.434396, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.876414, "energy": 12.606939, "activity_lines": [ 24.216125, 24.357108, 24.073637, 24.00967 ] }, { "date": "2024-06-28", "close": 23.998846, "volume": 1126253, "typical_volume": 1182401.15, "trend": 23.973911, "fair_value": 25.834419, "relative_strength": -4.15524, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.872969, "energy": 18.531405, "activity_lines": [ 24.080276, 24.320543, 24.081416, 24.012254 ] }, { "date": "2024-07-05", "close": 24.181393, "volume": 574465, "typical_volume": 1166647.5, "trend": 23.989167, "fair_value": 25.818996, "relative_strength": -3.955361, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.393293, "energy": 20.394867, "activity_lines": [ 24.060923, 24.296994, 24.103776, 24.02564 ] }, { "date": "2024-07-12", "close": 25.074858, "volume": 1316164, "typical_volume": 1194526.3, "trend": 24.021369, "fair_value": 25.808737, "relative_strength": -2.849425, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.010702, "energy": 22.243118, "activity_lines": [ 24.367543, 24.414797, 24.209579, 24.095684 ] }, { "date": "2024-07-19", "close": 24.777035, "volume": 1126735, "typical_volume": 1189064.35, "trend": 24.043018, "fair_value": 25.796006, "relative_strength": -3.817336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.143178, "energy": 36.596192, "activity_lines": [ 24.558163, 24.45986, 24.280858, 24.144437 ] }, { "date": "2024-07-26", "close": 25.564899, "volume": 1371556, "typical_volume": 1199631.1, "trend": 24.086001, "fair_value": 25.78657, "relative_strength": -1.115072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.651982, "energy": 66.094626, "activity_lines": [ 24.967923, 24.649925, 24.421254, 24.242623 ] }, { "date": "2024-08-02", "close": 25.941422, "volume": 2076006, "typical_volume": 1227172.2, "trend": 24.139335, "fair_value": 25.778983, "relative_strength": 3.043474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.702444, "energy": 80.395681, "activity_lines": [ 25.375261, 24.900565, 24.590959, 24.362328 ] }, { "date": "2024-08-09", "close": 25.748335, "volume": 922637, "typical_volume": 1227379.65, "trend": 24.191574, "fair_value": 25.770948, "relative_strength": 1.959819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.539097, "energy": 79.580899, "activity_lines": [ 25.588733, 25.095956, 24.731716, 24.466134 ] }, { "date": "2024-08-16", "close": 26.124855, "volume": 1053492, "typical_volume": 1245709.85, "trend": 24.261389, "fair_value": 25.762843, "relative_strength": 0.267804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.437856, "energy": 84.477066, "activity_lines": [ 25.823248, 25.338993, 24.898978, 24.590862 ] }, { "date": "2024-08-23", "close": 26.221399, "volume": 907101, "typical_volume": 1238139.45, "trend": 24.334307, "fair_value": 25.756085, "relative_strength": -0.19994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.669525, "energy": 84.141152, "activity_lines": [ 26.019944, 25.57593, 25.065238, 24.717314 ] }, { "date": "2024-08-30", "close": 26.297668, "volume": 1634808, "typical_volume": 1236059.9, "trend": 24.409136, "fair_value": 25.748514, "relative_strength": -0.060146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.465656, "energy": 82.623201, "activity_lines": [ 26.145773, 25.788615, 25.225342, 24.843983 ] }, { "date": "2024-09-06", "close": 26.336464, "volume": 660833, "typical_volume": 1186690.55, "trend": 24.50669, "fair_value": 25.741248, "relative_strength": 2.634443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.395262, "energy": 77.250399, "activity_lines": [ 26.235682, 25.960141, 25.372004, 24.968326 ] }, { "date": "2024-09-13", "close": 27.558712, "volume": 617891, "typical_volume": 1172558.15, "trend": 24.630803, "fair_value": 25.743572, "relative_strength": 3.867303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.821516, "energy": 91.503606, "activity_lines": [ 26.706672, 26.311392, 25.618656, 25.165231 ] }, { "date": "2024-09-20", "close": 27.257999, "volume": 918102, "typical_volume": 1104110.65, "trend": 24.746698, "fair_value": 25.745606, "relative_strength": 1.56117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.786719, "energy": 85.653215, "activity_lines": [ 26.956731, 26.546562, 25.81506, 25.334727 ] }, { "date": "2024-09-27", "close": 28.035677, "volume": 804040, "typical_volume": 1083242.6, "trend": 24.896737, "fair_value": 25.755576, "relative_strength": 4.036119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.962431, "energy": 91.265911, "activity_lines": [ 27.390474, 26.883434, 26.070264, 25.54692 ] }, { "date": "2024-10-04", "close": 27.499712, "volume": 734752, "typical_volume": 1058442.05, "trend": 25.007092, "fair_value": 25.763757, "relative_strength": 1.228195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.725399, "energy": 84.324947, "activity_lines": [ 27.52461, 27.06361, 26.259366, 25.714853 ] }, { "date": "2024-10-11", "close": 27.090435, "volume": 679844, "typical_volume": 1044628.1, "trend": 25.119299, "fair_value": 25.765284, "relative_strength": -1.469583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.545529, "energy": 66.07906, "activity_lines": [ 27.442184, 27.134194, 26.398211, 25.849263 ] }, { "date": "2024-10-18", "close": 28.435213, "volume": 454323, "typical_volume": 1007827.85, "trend": 25.274343, "fair_value": 25.775886, "relative_strength": 1.893565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.143076, "energy": 71.134356, "activity_lines": [ 27.757753, 27.428392, 26.654383, 26.063193 ] }, { "date": "2024-10-25", "close": 27.811546, "volume": 593959, "typical_volume": 961826.35, "trend": 25.401937, "fair_value": 25.783275, "relative_strength": 1.116129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.232319, "energy": 60.370237, "activity_lines": [ 27.806999, 27.560343, 26.832913, 26.226883 ] }, { "date": "2024-11-01", "close": 27.206631, "volume": 805391, "typical_volume": 963534.45, "trend": 25.528718, "fair_value": 25.785364, "relative_strength": -0.146554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.523447, "energy": 51.78781, "activity_lines": [ 27.617704, 27.551643, 26.939605, 26.343315 ] }, { "date": "2024-11-08", "close": 27.392305, "volume": 954000, "typical_volume": 966617.6, "trend": 25.685165, "fair_value": 25.789611, "relative_strength": -1.425823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.335547, "energy": 45.448597, "activity_lines": [ 27.54557, 27.558788, 27.049305, 26.463546 ] }, { "date": "2024-11-15", "close": 27.490034, "volume": 338620, "typical_volume": 927235.95, "trend": 25.838524, "fair_value": 25.793516, "relative_strength": -1.483818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.407322, "energy": 36.299287, "activity_lines": [ 27.513173, 27.5638, 27.150473, 26.57999 ] }, { "date": "2024-11-22", "close": 27.980562, "volume": 480184, "typical_volume": 922521.9, "trend": 26.003839, "fair_value": 25.802949, "relative_strength": -1.809135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.983645, "energy": 37.859005, "activity_lines": [ 27.617645, 27.637025, 27.281734, 26.718186 ] }, { "date": "2024-11-29", "close": 28.401983, "volume": 518882, "typical_volume": 882657.8, "trend": 26.148826, "fair_value": 25.816111, "relative_strength": -1.047396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.853282, "energy": 49.602489, "activity_lines": [ 27.8929, 27.779201, 27.435038, 26.872905 ] }, { "date": "2024-12-06", "close": 28.656799, "volume": 738419, "typical_volume": 863242.0, "trend": 26.274935, "fair_value": 25.829594, "relative_strength": -0.241649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.481732, "energy": 56.111088, "activity_lines": [ 28.213732, 27.946908, 27.596767, 27.034709 ] }, { "date": "2024-12-13", "close": 27.578741, "volume": 794872, "typical_volume": 834407.8, "trend": 26.356516, "fair_value": 25.830574, "relative_strength": -2.268797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.853492, "energy": 45.928988, "activity_lines": [ 28.078534, 27.907312, 27.637349, 27.118826 ] }, { "date": "2024-12-20", "close": 27.333729, "volume": 563657, "typical_volume": 758790.35, "trend": 26.439856, "fair_value": 25.828785, "relative_strength": -0.403929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.419486, "energy": 36.792788, "activity_lines": [ 27.849236, 27.821731, 27.645006, 27.181872 ] }, { "date": "2024-12-27", "close": 27.549337, "volume": 112133, "typical_volume": 718265.15, "trend": 26.538044, "fair_value": 25.829717, "relative_strength": -0.334251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.884579, "energy": 23.397492, "activity_lines": [ 27.702227, 27.770928, 27.666568, 27.253451 ] }, { "date": "2025-01-03", "close": 27.668268, "volume": 322214, "typical_volume": 681701.25, "trend": 26.632855, "fair_value": 25.837487, "relative_strength": -0.909206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.996822, "energy": 20.066303, "activity_lines": [ 27.62361, 27.757855, 27.69088, 27.326369 ] }, { "date": "2025-01-10", "close": 27.049051, "volume": 759264, "typical_volume": 674309.4, "trend": 26.730329, "fair_value": 25.843143, "relative_strength": -1.829223, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.93244, "energy": 12.116619, "activity_lines": [ 27.387502, 27.634803, 27.64887, 27.35322 ] }, { "date": "2025-01-17", "close": 27.491352, "volume": 818514, "typical_volume": 633494.7, "trend": 26.858509, "fair_value": 25.850959, "relative_strength": -1.328852, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.995309, "energy": 12.125822, "activity_lines": [ 27.406011, 27.595034, 27.645042, 27.402319 ] }, { "date": "2025-01-24", "close": 27.530664, "volume": 294616, "typical_volume": 615183.85, "trend": 26.976236, "fair_value": 25.857859, "relative_strength": -2.646465, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.172558, "energy": 10.433696, "activity_lines": [ 27.44345, 27.560612, 27.639274, 27.445683 ] }, { "date": "2025-01-31", "close": 27.354189, "volume": 981406, "typical_volume": 633359.6, "trend": 27.081996, "fair_value": 25.862612, "relative_strength": -3.399089, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.291765, "energy": 9.937067, "activity_lines": [ 27.408935, 27.493365, 27.611012, 27.470067 ] }, { "date": "2025-02-07", "close": 27.423216, "volume": 970213, "typical_volume": 635965.15, "trend": 27.160274, "fair_value": 25.8673, "relative_strength": -2.750588, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.344241, "energy": 7.206996, "activity_lines": [ 27.410439, 27.450056, 27.590298, 27.492082 ] }, { "date": "2025-02-14", "close": 27.492243, "volume": 639796, "typical_volume": 627752.95, "trend": 27.250781, "fair_value": 25.874179, "relative_strength": -2.588095, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.643077, "energy": 9.875241, "activity_lines": [ 27.451288, 27.437094, 27.575372, 27.513499 ] }, { "date": "2025-02-21", "close": 27.886677, "volume": 594441, "typical_volume": 620737.4, "trend": 27.328174, "fair_value": 25.882019, "relative_strength": 0.13335, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.249862, "energy": 15.443463, "activity_lines": [ 27.59407, 27.517021, 27.600598, 27.554524 ] }, { "date": "2025-02-28", "close": 28.243156, "volume": 526409, "typical_volume": 613065.65, "trend": 27.404898, "fair_value": 25.886487, "relative_strength": 0.39362, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.870651, "energy": 26.754765, "activity_lines": [ 27.829323, 27.656164, 27.657932, 27.613556 ] }, { "date": "2025-03-07", "close": 27.936493, "volume": 950236, "typical_volume": 637861.3, "trend": 27.477837, "fair_value": 25.885651, "relative_strength": 1.821714, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.376939, "energy": 33.529823, "activity_lines": [ 27.914855, 27.723014, 27.680571, 27.647852 ] }, { "date": "2025-03-14", "close": 28.045311, "volume": 747490, "typical_volume": 645537.85, "trend": 27.541852, "fair_value": 25.885682, "relative_strength": 2.972647, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.709395, "energy": 45.155958, "activity_lines": [ 27.997839, 27.80261, 27.715948, 27.684463 ] }, { "date": "2025-03-21", "close": 28.480579, "volume": 313144, "typical_volume": 620925.5, "trend": 27.617158, "fair_value": 25.888746, "relative_strength": 2.727609, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.533112, "energy": 59.0299, "activity_lines": [ 28.18444, 27.954491, 27.791667, 27.745026 ] }, { "date": "2025-03-28", "close": 28.579445, "volume": 601968, "typical_volume": 603323.9, "trend": 27.693217, "fair_value": 25.886146, "relative_strength": 3.825552, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.539452, "energy": 59.87485, "activity_lines": [ 28.338108, 28.09832, 27.870734, 27.807109 ] }, { "date": "2025-04-04", "close": 27.84511, "volume": 951491, "typical_volume": 633967.45, "trend": 27.743506, "fair_value": 25.874867, "relative_strength": 7.708198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.986286, "energy": 40.18457, "activity_lines": [ 28.200812, 28.088849, 27.874212, 27.816909 ] }, { "date": "2025-04-11", "close": 27.726027, "volume": 1038051, "typical_volume": 661860.8, "trend": 27.749083, "fair_value": 25.865605, "relative_strength": 5.202569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.631982, "energy": 20.776907, "activity_lines": [ 28.050359, 28.05201, 27.864658, 27.815781 ] }, { "date": "2025-04-18", "close": 28.500057, "volume": 359174, "typical_volume": 653875.4, "trend": 27.790485, "fair_value": 25.862383, "relative_strength": 5.202678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.918883, "energy": 28.127694, "activity_lines": [ 28.171946, 28.149143, 27.930033, 27.864231 ] }, { "date": "2025-04-25", "close": 28.966757, "volume": 470824, "typical_volume": 640495.65, "trend": 27.821521, "fair_value": 25.866572, "relative_strength": 4.462158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.667918, "energy": 33.970343, "activity_lines": [ 28.418784, 28.311552, 28.039389, 27.94012 ] }, { "date": "2025-05-02", "close": 29.395079, "volume": 780011, "typical_volume": 639752.6, "trend": 27.8847, "fair_value": 25.873904, "relative_strength": 4.506956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.98625, "energy": 61.240402, "activity_lines": [ 28.775984, 28.525028, 28.188061, 28.04164 ] }, { "date": "2025-05-09", "close": 29.514612, "volume": 661799, "typical_volume": 644659.7, "trend": 27.965506, "fair_value": 25.882686, "relative_strength": 3.495351, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.477673, "energy": 75.054262, "activity_lines": [ 29.118653, 28.732811, 28.339468, 28.146795 ] }, { "date": "2025-05-16", "close": 29.584343, "volume": 734946, "typical_volume": 675800.35, "trend": 28.00381, "fair_value": 25.887591, "relative_strength": 1.251198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.445094, "energy": 76.60855, "activity_lines": [ 29.373265, 28.930156, 28.487131, 28.251236 ] }, { "date": "2025-05-23", "close": 29.623707, "volume": 416592, "typical_volume": 680519.25, "trend": 28.064215, "fair_value": 25.893188, "relative_strength": 1.690166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.181609, "energy": 76.489984, "activity_lines": [ 29.517111, 29.104697, 28.628853, 28.355746 ] }, { "date": "2025-05-30", "close": 30.043619, "volume": 359753, "typical_volume": 660543.7, "trend": 28.158781, "fair_value": 25.902047, "relative_strength": 1.894115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.770112, "energy": 78.55177, "activity_lines": [ 29.726017, 29.326888, 28.801254, 28.483449 ] }, { "date": "2025-06-06", "close": 29.803671, "volume": 287089, "typical_volume": 633972.45, "trend": 28.23916, "fair_value": 25.910224, "relative_strength": 0.109423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.457043, "energy": 68.642933, "activity_lines": [ 29.78315, 29.477032, 28.936544, 28.589571 ] }, { "date": "2025-06-13", "close": 30.093611, "volume": 515890, "typical_volume": 645036.15, "trend": 28.325946, "fair_value": 25.932176, "relative_strength": 0.76079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.372835, "energy": 64.463507, "activity_lines": [ 29.90969, 29.657634, 29.088435, 28.709213 ] }, { "date": "2025-06-20", "close": 29.853661, "volume": 366412, "typical_volume": 614286.45, "trend": 28.388383, "fair_value": 25.947951, "relative_strength": -0.067523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.209858, "energy": 51.88944, "activity_lines": [ 29.917647, 29.753728, 29.20527, 28.807775 ] }, { "date": "2025-06-27", "close": 29.933167, "volume": 671448, "typical_volume": 599348.2, "trend": 28.439422, "fair_value": 25.962406, "relative_strength": -0.573584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.121112, "energy": 46.878528, "activity_lines": [ 29.934152, 29.825592, 29.317775, 28.907439 ] }, { "date": "2025-07-04", "close": 30.093721, "volume": 326653, "typical_volume": 583691.05, "trend": 28.48732, "fair_value": 25.977433, "relative_strength": -1.392755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.454213, "energy": 49.64295, "activity_lines": [ 29.983543, 29.900592, 29.433618, 29.014168 ] }, { "date": "2025-07-11", "close": 30.153925, "volume": 487424, "typical_volume": 578340.2, "trend": 28.573159, "fair_value": 25.990844, "relative_strength": -1.111327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.580403, "energy": 49.917428, "activity_lines": [ 30.049663, 29.966048, 29.542807, 29.121691 ] }, { "date": "2025-07-18", "close": 30.515169, "volume": 548410, "typical_volume": 579440.25, "trend": 28.679207, "fair_value": 26.006514, "relative_strength": -1.034275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.767209, "energy": 64.629535, "activity_lines": [ 30.212847, 30.083387, 29.675604, 29.246982 ] }, { "date": "2025-07-25", "close": 30.846312, "volume": 357148, "typical_volume": 549785.85, "trend": 28.789106, "fair_value": 26.019743, "relative_strength": -0.619043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.812642, "energy": 80.456002, "activity_lines": [ 30.458308, 30.242742, 29.829119, 29.386795 ] }, { "date": "2025-08-01", "close": 30.816109, "volume": 854315, "typical_volume": 555127.1, "trend": 28.894034, "fair_value": 26.031975, "relative_strength": 1.071121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.486785, "energy": 83.638658, "activity_lines": [ 30.627525, 30.37366, 29.965901, 29.517569 ] }, { "date": "2025-08-08", "close": 30.936922, "volume": 393141, "typical_volume": 559126.95, "trend": 29.02363, "fair_value": 26.042803, "relative_strength": -1.164739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.40766, "energy": 86.172272, "activity_lines": [ 30.77815, 30.504865, 30.100996, 29.649368 ] }, { "date": "2025-08-15", "close": 30.997322, "volume": 417364, "typical_volume": 549896.75, "trend": 29.140496, "fair_value": 26.051381, "relative_strength": -1.455122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.701873, "energy": 86.601343, "activity_lines": [ 30.892695, 30.63081, 30.230145, 29.776703 ] }, { "date": "2025-08-22", "close": 31.238941, "volume": 476423, "typical_volume": 526143.35, "trend": 29.264105, "fair_value": 26.062737, "relative_strength": -2.146579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.82477, "energy": 86.441232, "activity_lines": [ 31.031553, 30.778982, 30.370792, 29.912087 ] }, { "date": "2025-08-29", "close": 30.895992, "volume": 585950, "typical_volume": 503538.3, "trend": 29.382165, "fair_value": 26.075172, "relative_strength": -3.931388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.261716, "energy": 67.806406, "activity_lines": [ 31.007843, 30.843976, 30.462617, 30.01737 ] }, { "date": "2025-09-05", "close": 30.754595, "volume": 627154, "typical_volume": 516937.3, "trend": 29.493211, "fair_value": 26.085034, "relative_strength": -5.814513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.548314, "energy": 57.986901, "activity_lines": [ 30.933689, 30.86431, 30.52588, 30.105914 ] }, { "date": "2025-09-12", "close": 30.895992, "volume": 682353, "typical_volume": 527513.75, "trend": 29.606669, "fair_value": 26.098388, "relative_strength": -5.95116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.566196, "energy": 52.295853, "activity_lines": [ 30.910768, 30.895418, 30.591873, 30.196416 ] }, { "date": "2025-09-19", "close": 30.966694, "volume": 500740, "typical_volume": 513550.2, "trend": 29.709337, "fair_value": 26.116191, "relative_strength": -7.108348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.721469, "energy": 43.965039, "activity_lines": [ 30.914143, 30.924793, 30.655413, 30.284159 ] }, { "date": "2025-09-26", "close": 31.735836, "volume": 727418, "typical_volume": 516831.15, "trend": 29.825759, "fair_value": 26.150568, "relative_strength": -4.608199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.42186, "energy": 61.829844, "activity_lines": [ 31.175941, 31.079235, 30.784721, 30.414901 ] }, { "date": "2025-10-03", "close": 32.657917, "volume": 889249, "typical_volume": 524546.3, "trend": 29.98314, "fair_value": 26.197484, "relative_strength": -4.015553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.52965, "energy": 86.958749, "activity_lines": [ 31.711973, 31.379135, 30.991269, 30.597621 ] }, { "date": "2025-10-10", "close": 33.144287, "volume": 557385, "typical_volume": 531585.95, "trend": 30.153106, "fair_value": 26.253051, "relative_strength": -0.565828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.049881, "energy": 96.59169, "activity_lines": [ 32.292666, 31.734526, 31.229501, 30.801566 ] }, { "date": "2025-10-17", "close": 33.711735, "volume": 659771, "typical_volume": 546586.85, "trend": 30.327478, "fair_value": 26.311103, "relative_strength": 0.315932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.965911, "energy": 97.692103, "activity_lines": [ 32.903196, 32.15076, 31.505012, 31.031155 ] }, { "date": "2025-10-24", "close": 33.752262, "volume": 369886, "typical_volume": 550726.7, "trend": 30.499905, "fair_value": 26.362227, "relative_strength": -0.330142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.200523, "energy": 95.440523, "activity_lines": [ 33.339519, 32.523911, 31.766915, 31.252109 ] }, { "date": "2025-10-31", "close": 33.408115, "volume": 521294, "typical_volume": 550996.9, "trend": 30.685339, "fair_value": 26.413284, "relative_strength": -1.015013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.562672, "energy": 88.791979, "activity_lines": [ 33.475421, 32.7844, 31.977239, 31.439735 ] }, { "date": "2025-11-07", "close": 33.804493, "volume": 623005, "typical_volume": 563826.55, "trend": 30.887954, "fair_value": 26.466303, "relative_strength": 1.284814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.938193, "energy": 89.31511, "activity_lines": [ 33.631965, 33.077519, 32.209531, 31.640971 ] }, { "date": "2025-11-14", "close": 33.336967, "volume": 544261, "typical_volume": 557467.2, "trend": 31.049184, "fair_value": 26.520026, "relative_strength": -1.47177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.469753, "energy": 66.672835, "activity_lines": [ 33.556227, 33.23275, 32.378482, 31.798972 ] }, { "date": "2025-11-21", "close": 33.052769, "volume": 540401, "typical_volume": 568154.6, "trend": 31.185385, "fair_value": 26.567961, "relative_strength": -1.76829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.39083, "energy": 62.249024, "activity_lines": [ 33.372912, 33.289357, 32.504159, 31.928235 ] }, { "date": "2025-11-28", "close": 33.460579, "volume": 418329, "typical_volume": 564699.85, "trend": 31.320901, "fair_value": 26.619843, "relative_strength": -4.360934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.199508, "energy": 55.967597, "activity_lines": [ 33.369465, 33.380898, 32.654584, 32.075022 ] }, { "date": "2025-12-05", "close": 32.604183, "volume": 233627, "typical_volume": 548960.7, "trend": 31.423887, "fair_value": 26.66554, "relative_strength": -6.476657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.869416, "energy": 38.401366, "activity_lines": [ 33.099998, 33.271386, 32.707701, 32.157815 ] }, { "date": "2025-12-12", "close": 32.318722, "volume": 404048, "typical_volume": 551305.7, "trend": 31.515033, "fair_value": 26.71248, "relative_strength": -7.825423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.936301, "energy": 26.690312, "activity_lines": [ 32.788972, 33.094185, 32.723684, 32.215546 ] }, { "date": "2025-12-19", "close": 32.298332, "volume": 426435, "typical_volume": 529911.7, "trend": 31.604187, "fair_value": 26.761494, "relative_strength": -8.397116, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.259674, "energy": 25.91738, "activity_lines": [ 32.570202, 32.919443, 32.730714, 32.266081 ] }, { "date": "2025-12-26", "close": 32.543018, "volume": 427110, "typical_volume": 531610.15, "trend": 31.687501, "fair_value": 26.813792, "relative_strength": -8.25748, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.839642, "energy": 26.872133, "activity_lines": [ 32.502235, 32.804571, 32.753989, 32.326651 ] }, { "date": "2026-01-02", "close": 31.624271, "volume": 406934, "typical_volume": 531088.65, "trend": 31.748187, "fair_value": 26.856419, "relative_strength": -10.348462, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.939939, "energy": 25.045072, "activity_lines": [ 32.162003, 32.543903, 32.682116, 32.322572 ] }, { "date": "2026-01-09", "close": 31.476217, "volume": 1357600, "typical_volume": 575147.5, "trend": 31.794274, "fair_value": 26.895247, "relative_strength": -12.571212, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.814034, "energy": 30.747816, "activity_lines": [ 31.894841, 32.295007, 32.593157, 32.305025 ] }, { "date": "2026-01-16", "close": 31.861155, "volume": 758700, "typical_volume": 583785.0, "trend": 31.861191, "fair_value": 26.935553, "relative_strength": -12.445686, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.959971, "energy": 37.164307, "activity_lines": [ 31.831188, 32.151225, 32.539729, 32.30934 ] }, { "date": "2026-01-23", "close": 31.801933, "volume": 514600, "typical_volume": 578157.3, "trend": 31.923483, "fair_value": 26.977088, "relative_strength": -12.698497, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.921562, "energy": 45.028269, "activity_lines": [ 31.7783, 32.032009, 32.476064, 32.305517 ] }, { "date": "2026-01-30", "close": 32.110424, "volume": 597800, "typical_volume": 573929.65, "trend": 31.990706, "fair_value": 27.021534, "relative_strength": -8.373826, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.148839, "energy": 30.258769, "activity_lines": [ 31.861335, 31.996792, 32.436793, 32.317578 ] }, { "date": "2026-02-06", "close": 32.684536, "volume": 669700, "typical_volume": 582377.65, "trend": 32.07506, "fair_value": 27.071411, "relative_strength": -8.193564, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.939375, "energy": 14.500849, "activity_lines": [ 32.16458, 32.083092, 32.446416, 32.362341 ] }, { "date": "2026-02-13", "close": 33.96143, "volume": 1428400, "typical_volume": 617426.75, "trend": 32.189935, "fair_value": 27.126672, "relative_strength": -6.259789, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.71166, "energy": 40.466156, "activity_lines": [ 32.822772, 32.415665, 32.569468, 32.484042 ] }, { "date": "2026-02-20", "close": 34.080208, "volume": 639100, "typical_volume": 604919.3, "trend": 32.297732, "fair_value": 27.185352, "relative_strength": -7.837218, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.643417, "energy": 57.408995, "activity_lines": [ 33.354877, 32.745157, 32.693233, 32.605995 ] }, { "date": "2026-02-27", "close": 34.845768, "volume": 486900, "typical_volume": 601395.05, "trend": 32.432054, "fair_value": 27.249057, "relative_strength": -7.041339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.694367, "energy": 87.065393, "activity_lines": [ 33.994231, 33.181814, 32.883137, 32.770385 ] }, { "date": "2026-03-06", "close": 34.250282, "volume": 859500, "typical_volume": 611381.5, "trend": 32.542499, "fair_value": 27.311169, "relative_strength": -5.004512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.557037, "energy": 83.396411, "activity_lines": [ 34.232167, 33.463884, 33.008225, 32.88769 ] }, { "date": "2026-03-13", "close": 34.925163, "volume": 1416400, "typical_volume": 663707.2, "trend": 32.673427, "fair_value": 27.371754, "relative_strength": -1.399895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.293199, "energy": 87.780291, "activity_lines": [ 34.552406, 33.837619, 33.195023, 33.04141 ] }, { "date": "2026-03-20", "close": 33.813591, "volume": 1179900, "typical_volume": 696637.5, "trend": 32.759249, "fair_value": 27.427818, "relative_strength": -0.698596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.026302, "energy": 69.952173, "activity_lines": [ 34.352746, 33.949234, 33.270372, 33.114969 ] }, { "date": "2026-03-27", "close": 34.579945, "volume": 3566900, "typical_volume": 843832.25, "trend": 32.882047, "fair_value": 27.482983, "relative_strength": -0.364553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.349454, "energy": 51.886459, "activity_lines": [ 34.418394, 34.157687, 33.416776, 33.232433 ] }, { "date": "2026-04-03", "close": 35.505394, "volume": 2693900, "typical_volume": 951314.2, "trend": 33.040407, "fair_value": 27.540969, "relative_strength": -1.019107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.190367, "energy": 60.610363, "activity_lines": [ 34.759209, 34.484972, 33.647626, 33.401681 ] }, { "date": "2026-04-10", "close": 35.923336, "volume": 1190600, "typical_volume": 983824.15, "trend": 33.207985, "fair_value": 27.600225, "relative_strength": -1.409043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.073753, "energy": 63.107372, "activity_lines": [ 35.195362, 34.820911, 33.907953, 33.587677 ] }, { "date": "2026-04-17", "close": 35.077499, "volume": 3757100, "typical_volume": 1150762.7, "trend": 33.345012, "fair_value": 27.653882, "relative_strength": -5.2897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.763927, "energy": 64.388616, "activity_lines": [ 35.238033, 34.933735, 34.074056, 33.708291 ] }, { "date": "2026-04-24", "close": 34.975338, "volume": 2651200, "typical_volume": 1271641.35, "trend": 33.452996, "fair_value": 27.70758, "relative_strength": -4.093299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.411527, "energy": 59.040023, "activity_lines": [ 35.236495, 34.984476, 34.222729, 33.813473 ] }, { "date": "2026-05-01", "close": 35.051975, "volume": 3156100, "typical_volume": 1409243.95, "trend": 33.532798, "fair_value": 27.760061, "relative_strength": -3.605155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.939439, "energy": 46.535672, "activity_lines": [ 35.183053, 35.030717, 34.367409, 33.916633 ] }, { "date": "2026-05-08", "close": 35.091782, "volume": 1803300, "typical_volume": 1478087.2, "trend": 33.597714, "fair_value": 27.812503, "relative_strength": -3.792747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.196579, "energy": 37.860842, "activity_lines": [ 35.111411, 35.066526, 34.502866, 34.017212 ] }, { "date": "2026-05-15", "close": 35.121639, "volume": 1081200, "typical_volume": 1510791.7, "trend": 33.644711, "fair_value": 27.866962, "relative_strength": -2.838989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.916019, "energy": 33.495062, "activity_lines": [ 35.077295, 35.103291, 34.627863, 34.11553 ] }, { "date": "2026-05-22", "close": 36.304619, "volume": 1523900, "typical_volume": 1566640.0, "trend": 33.729789, "fair_value": 27.931705, "relative_strength": -1.262639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.11147, "energy": 49.595577, "activity_lines": [ 35.490952, 35.339301, 34.853247, 34.287137 ] }, { "date": "2026-05-29", "close": 36.125042, "volume": 1751600, "typical_volume": 1586340.0, "trend": 33.820354, "fair_value": 27.993467, "relative_strength": -2.40083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.46148, "energy": 57.878021, "activity_lines": [ 35.762943, 35.517579, 35.03924, 34.44167 ] }, { "date": "2026-06-05", "close": 36.41436, "volume": 313200, "typical_volume": 1564065.0, "trend": 33.907349, "fair_value": 28.058442, "relative_strength": -0.477565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.923849, "energy": 73.138143, "activity_lines": [ 36.054726, 35.706434, 35.23065, 34.609025 ] }, { "date": "2026-06-12", "close": 36.554031, "volume": 93800, "typical_volume": 1543025.0, "trend": 34.014585, "fair_value": 28.12998, "relative_strength": -1.436388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.727402, "energy": 80.766072, "activity_lines": [ 36.30224, 35.887331, 35.41368, 34.779778 ] }, { "date": "2026-06-19", "close": 36.41436, "volume": 60900, "typical_volume": 1516180.0, "trend": 34.126638, "fair_value": 28.203751, "relative_strength": -1.74817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.267499, "energy": 79.544053, "activity_lines": [ 36.405714, 36.023767, 35.56078, 34.934603 ] }, { "date": "2026-06-26", "close": 37.209965, "volume": 164100, "typical_volume": 1490900.0, "trend": 34.251617, "fair_value": 28.278348, "relative_strength": 0.471764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.261416, "energy": 87.647454, "activity_lines": [ 36.688208, 36.295931, 35.763156, 35.133527 ] }, { "date": "2026-07-03", "close": 36.850834, "volume": 32900, "typical_volume": 1421125.0, "trend": 34.393172, "fair_value": 28.353721, "relative_strength": -1.132217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.680022, "energy": 81.162083, "activity_lines": [ 36.790635, 36.464026, 35.909779, 35.301218 ] }, { "date": "2026-07-10", "close": 36.920662, "volume": 1124900, "typical_volume": 1445415.0, "trend": 34.54657, "fair_value": 28.426403, "relative_strength": -0.981381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.02727, "energy": 72.14532, "activity_lines": [ 36.867953, 36.610717, 36.049294, 35.464282 ] }, { "date": "2026-07-17", "close": 37.289772, "volume": 1487200, "typical_volume": 1495430.0, "trend": 34.712952, "fair_value": 28.500741, "relative_strength": 0.235017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.941991, "energy": 74.882163, "activity_lines": [ 37.034553, 36.790543, 36.210436, 35.641263 ] }, { "date": "2026-07-24", "close": 38.087841, "volume": 1353900, "typical_volume": 1520150.0, "trend": 34.897779, "fair_value": 28.58298, "relative_strength": 2.15959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.072431, "energy": 80.698034, "activity_lines": [ 37.418127, 37.075509, 36.435947, 35.858998 ] }, { "date": "2026-07-31", "close": 37.099998, "volume": 1343100, "typical_volume": 1516485.0, "trend": 35.080303, "fair_value": 28.665598, "relative_strength": 0.073294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.753679, "energy": 60.958116, "activity_lines": [ 37.360855, 37.126936, 36.549103, 36.001076 ] }, { "date": "2026-08-07", "close": 35.82, "volume": 1619300, "typical_volume": 1538455.0, "trend": 35.225096, "fair_value": 28.73918, "relative_strength": -6.224431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.917198, "energy": 37.4142, "activity_lines": [ 36.884248, 36.931175, 36.529999, 36.048799 ] } ], "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." } } }