{ "ticker": { "uuid": "e7596d9c-1840-4f6c-8e8c-a155fa73a091", "symbol": "USPY", "name": "L&G Cyber Security UCITS ETF", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.0, "architecture_energy": 68.163, "architecture_maturity": 80.336, "architecture_confidence": 86.698, "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": 9.09, "rotation_up": 59.45, "upward_expansion": 85.31, "deceleration": 68.38, "rotation_down": 26.49, "downward_expansion": 11.98 }, "activity_lines": [ 44.44, 43.630909, 41.110714, 38.48686 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 46.650002, "trend_reference": 35.308833, "distance_from_trend": 0.321199, "trend_direction": "Improving", "fair_value": 28.42588, "distance_from_fair_value": 0.64111, "fair_value_direction": "Improving", "relative_strength": 27.589875, "relative_strength_direction": "Improving", "price_momentum": 0.660438, "excess_performance": 0.609203, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.321199, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.120198, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.64111, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.328788, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.275899, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.221841, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.660438, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.532992, "read": "Demand-led" } ], "volume": { "latest": 165776, "relative_activity": 0.877322, "balance": 3.532992, "dry_up": 0.880834, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.0581, "annualized_volatility": 0.33312, "from_high_reference": -0.024059, "from_low_reference": 0.740023 }, "levels": { "trend_reference": 35.308833, "fair_value_reference": 28.42588, "structural_low": 26.809999, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": 0.00573, "positive_rate": 0.551724, "directional_follow_through": 0.551724, "median_excess_return": -0.004799, "regime_survival": 0.724138, "best_return": 0.139503, "worst_return": -0.153939, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.026355, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.027148, "regime_survival": 0.4, "best_return": 0.124293, "worst_return": -0.0781, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.020437, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.069771, "regime_survival": 0.0, "best_return": 0.069659, "worst_return": -0.066815, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.197653, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.150292, "regime_survival": 0.333333, "best_return": 0.266146, "worst_return": -0.22372, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-09-20", "tenure": "New", "return": 0.062671, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-03-07", "tenure": "Established", "return": 0.090342, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.112643, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.123735, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.000658, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.039778, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-08-01", "tenure": "Developing", "return": -0.031295, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-09-12", "tenure": "Developing", "return": 0.058491, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-14", "tenure": "Developing", "return": -0.007664, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-01-09", "tenure": "Developing", "return": -0.005541, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-04-10", "tenure": "Established", "return": -0.05572, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.037628, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": 0.123891, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.142822, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.865, "volume": 133878, "typical_volume": 224736.55, "trend": 19.530417, "fair_value": 21.830914, "relative_strength": 7.469214, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.127895, "energy": 22.130741, "activity_lines": [ 20.384833, 20.499045, 20.222667, 19.906296 ] }, { "date": "2023-08-25", "close": 20.4475, "volume": 100350, "typical_volume": 201548.75, "trend": 19.593417, "fair_value": 21.831026, "relative_strength": 9.505638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.568458, "energy": 17.432148, "activity_lines": [ 20.348667, 20.481, 20.278572, 19.965462 ] }, { "date": "2023-09-01", "close": 21.75, "volume": 119865, "typical_volume": 196525.9, "trend": 19.66675, "fair_value": 21.847196, "relative_strength": 14.373323, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.139703, "energy": 35.217137, "activity_lines": [ 20.775667, 20.710682, 20.451917, 20.104597 ] }, { "date": "2023-09-08", "close": 21.450001, "volume": 110927, "typical_volume": 195913.25, "trend": 19.757334, "fair_value": 21.861843, "relative_strength": 12.510509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.772156, "energy": 38.790121, "activity_lines": [ 21.047667, 20.852091, 20.585988, 20.219645 ] }, { "date": "2023-09-15", "close": 21.15, "volume": 113403, "typical_volume": 182803.15, "trend": 19.826833, "fair_value": 21.873269, "relative_strength": 7.534678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.941729, "energy": 53.646193, "activity_lines": [ 21.170667, 20.926773, 20.680655, 20.309495 ] }, { "date": "2023-09-22", "close": 21.0275, "volume": 209576, "typical_volume": 187813.8, "trend": 19.905917, "fair_value": 21.884471, "relative_strength": 7.186015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.467256, "energy": 57.895148, "activity_lines": [ 21.202334, 20.962409, 20.749024, 20.386957 ] }, { "date": "2023-09-29", "close": 21.0, "volume": 158857, "typical_volume": 190637.2, "trend": 19.96825, "fair_value": 21.892356, "relative_strength": 8.060579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.721807, "energy": 43.508243, "activity_lines": [ 21.147333, 20.987773, 20.800905, 20.457543 ] }, { "date": "2023-10-06", "close": 20.415001, "volume": 960795, "typical_volume": 234921.35, "trend": 20.034833, "fair_value": 21.890289, "relative_strength": 6.589466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.860271, "energy": 19.014531, "activity_lines": [ 20.8605, 20.904637, 20.785345, 20.486366 ] }, { "date": "2023-10-13", "close": 20.165001, "volume": 138253, "typical_volume": 225584.55, "trend": 20.091834, "fair_value": 21.887949, "relative_strength": 3.743946, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.477634, "energy": 13.039086, "activity_lines": [ 20.579334, 20.785319, 20.74056, 20.494764 ] }, { "date": "2023-10-20", "close": 19.700001, "volume": 228728, "typical_volume": 224120.0, "trend": 20.129667, "fair_value": 21.886763, "relative_strength": 4.025089, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -9.423735, "energy": 19.617425, "activity_lines": [ 20.228834, 20.591455, 20.650381, 20.469484 ] }, { "date": "2023-10-27", "close": 19.3325, "volume": 164952, "typical_volume": 227570.95, "trend": 20.121583, "fair_value": 21.891715, "relative_strength": 3.697018, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.203559, "energy": 36.70331, "activity_lines": [ 19.852501, 20.343364, 20.527179, 20.418054 ] }, { "date": "2023-11-03", "close": 20.272499, "volume": 239231, "typical_volume": 217612.5, "trend": 20.162, "fair_value": 21.893718, "relative_strength": 6.608332, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.241532, "energy": 38.063241, "activity_lines": [ 19.9025, 20.275864, 20.496441, 20.427791 ] }, { "date": "2023-11-10", "close": 20.547501, "volume": 222641, "typical_volume": 221261.2, "trend": 20.196834, "fair_value": 21.897164, "relative_strength": 8.763846, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.834484, "energy": 25.591765, "activity_lines": [ 20.092667, 20.261546, 20.495584, 20.452662 ] }, { "date": "2023-11-17", "close": 21.2875, "volume": 240198, "typical_volume": 227058.05, "trend": 20.26725, "fair_value": 21.902308, "relative_strength": 10.295666, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.434699, "energy": 17.15943, "activity_lines": [ 20.520667, 20.403637, 20.562095, 20.523027 ] }, { "date": "2023-11-24", "close": 21.68, "volume": 179730, "typical_volume": 205249.85, "trend": 20.387334, "fair_value": 21.906667, "relative_strength": 12.285892, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.293992, "energy": 39.17577, "activity_lines": [ 21.004667, 20.620046, 20.663572, 20.614172 ] }, { "date": "2023-12-01", "close": 22.299999, "volume": 161507, "typical_volume": 206811.4, "trend": 20.526834, "fair_value": 21.911827, "relative_strength": 14.524004, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.502734, "energy": 72.03314, "activity_lines": [ 21.563333, 20.939545, 20.817179, 20.73757 ] }, { "date": "2023-12-08", "close": 22.737499, "volume": 206560, "typical_volume": 208360.9, "trend": 20.666833, "fair_value": 21.91875, "relative_strength": 15.923626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.117777, "energy": 85.979265, "activity_lines": [ 22.069999, 21.315454, 21.005012, 20.880194 ] }, { "date": "2023-12-15", "close": 24.26, "volume": 194552, "typical_volume": 207834.5, "trend": 20.832917, "fair_value": 21.927404, "relative_strength": 22.615778, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.828016, "energy": 96.466938, "activity_lines": [ 22.919833, 21.936591, 21.329012, 21.112011 ] }, { "date": "2023-12-22", "close": 24.209999, "volume": 257041, "typical_volume": 210301.7, "trend": 20.9755, "fair_value": 21.928526, "relative_strength": 19.704423, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.216273, "energy": 94.904854, "activity_lines": [ 23.505499, 22.478727, 21.632369, 21.329887 ] }, { "date": "2023-12-29", "close": 24.41, "volume": 288341, "typical_volume": 221469.25, "trend": 21.118667, "fair_value": 21.933381, "relative_strength": 19.390148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.981269, "energy": 93.214229, "activity_lines": [ 23.963, 22.983681, 21.938131, 21.551468 ] }, { "date": "2024-01-05", "close": 23.035, "volume": 126366, "typical_volume": 221093.65, "trend": 21.2215, "fair_value": 21.926426, "relative_strength": 12.667596, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.88962, "energy": 86.66305, "activity_lines": [ 23.780166, 23.153, 22.093809, 21.675102 ] }, { "date": "2024-01-12", "close": 24.665001, "volume": 451168, "typical_volume": 238634.55, "trend": 21.342083, "fair_value": 21.928333, "relative_strength": 20.795722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.786163, "energy": 76.047054, "activity_lines": [ 24.091667, 23.551364, 22.389631, 21.897263 ] }, { "date": "2024-01-19", "close": 24.530001, "volume": 402006, "typical_volume": 252741.6, "trend": 21.496583, "fair_value": 21.925897, "relative_strength": 21.881674, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.202935, "energy": 67.233864, "activity_lines": [ 24.229667, 23.845318, 22.652512, 22.102936 ] }, { "date": "2024-01-26", "close": 25.254999, "volume": 445377, "typical_volume": 269464.1, "trend": 21.64575, "fair_value": 21.929135, "relative_strength": 21.839975, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.376506, "energy": 68.950177, "activity_lines": [ 24.591333, 24.198682, 22.971202, 22.345414 ] }, { "date": "2024-02-02", "close": 24.99, "volume": 275083, "typical_volume": 277548.1, "trend": 21.8045, "fair_value": 21.928558, "relative_strength": 20.184483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.893334, "energy": 67.184188, "activity_lines": [ 24.795, 24.431727, 23.246536, 22.561172 ] }, { "date": "2024-02-09", "close": 26.290001, "volume": 245775, "typical_volume": 279358.05, "trend": 21.989583, "fair_value": 21.934135, "relative_strength": 26.179481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.397619, "energy": 79.31085, "activity_lines": [ 25.393334, 24.840955, 23.627393, 22.850559 ] }, { "date": "2024-02-16", "close": 25.1875, "volume": 217996, "typical_volume": 282315.0, "trend": 22.133083, "fair_value": 21.935337, "relative_strength": 17.978267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.548922, "energy": 64.294772, "activity_lines": [ 25.407167, 24.977182, 23.878191, 23.056876 ] }, { "date": "2024-02-23", "close": 24.3125, "volume": 616275, "typical_volume": 265089.0, "trend": 22.246, "fair_value": 21.941603, "relative_strength": 13.33987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.222942, "energy": 53.084117, "activity_lines": [ 25.0945, 24.909773, 24.025714, 23.197484 ] }, { "date": "2024-03-01", "close": 24.8325, "volume": 200907, "typical_volume": 268221.7, "trend": 22.38325, "fair_value": 21.958926, "relative_strength": 15.46438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.94618, "energy": 47.180757, "activity_lines": [ 24.969667, 24.935955, 24.204202, 23.364355 ] }, { "date": "2024-03-08", "close": 24.84, "volume": 374036, "typical_volume": 275487.1, "trend": 22.5315, "fair_value": 21.965144, "relative_strength": 15.157968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.695184, "energy": 32.229968, "activity_lines": [ 24.8755, 24.952182, 24.361179, 23.522855 ] }, { "date": "2024-03-15", "close": 24.545, "volume": 154996, "typical_volume": 274989.3, "trend": 22.6875, "fair_value": 21.970978, "relative_strength": 12.286982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.227096, "energy": 26.107477, "activity_lines": [ 24.693, 24.906955, 24.465583, 23.652758 ] }, { "date": "2024-03-22", "close": 24.4925, "volume": 419377, "typical_volume": 283996.6, "trend": 22.822333, "fair_value": 21.980337, "relative_strength": 8.742044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.392319, "energy": 24.112486, "activity_lines": [ 24.609333, 24.824727, 24.540167, 23.76921 ] }, { "date": "2024-03-29", "close": 24.705, "volume": 138930, "typical_volume": 279811.05, "trend": 22.920833, "fair_value": 21.988926, "relative_strength": 8.986526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.042261, "energy": 22.02702, "activity_lines": [ 24.642833, 24.784273, 24.614893, 23.890672 ] }, { "date": "2024-04-05", "close": 24.245001, "volume": 235681, "typical_volume": 279585.2, "trend": 23.014, "fair_value": 21.992724, "relative_strength": 7.081584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.519073, "energy": 16.774171, "activity_lines": [ 24.496834, 24.657, 24.626012, 23.976102 ] }, { "date": "2024-04-12", "close": 24.0875, "volume": 273527, "typical_volume": 284275.05, "trend": 23.111917, "fair_value": 21.992388, "relative_strength": 4.885839, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.049294, "energy": 13.032752, "activity_lines": [ 24.3375, 24.519455, 24.608048, 24.04536 ] }, { "date": "2024-04-19", "close": 22.965, "volume": 213300, "typical_volume": 286864.7, "trend": 23.1765, "fair_value": 21.98391, "relative_strength": 0.932574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.45437, "energy": 16.067367, "activity_lines": [ 23.854167, 24.194227, 24.471714, 24.035882 ] }, { "date": "2024-04-26", "close": 23.955, "volume": 146492, "typical_volume": 283861.3, "trend": 23.275, "fair_value": 21.982532, "relative_strength": 1.690499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.124553, "energy": 17.456358, "activity_lines": [ 23.806167, 24.109455, 24.4265, 24.086108 ] }, { "date": "2024-05-03", "close": 23.24, "volume": 133226, "typical_volume": 280795.0, "trend": 23.369167, "fair_value": 21.98125, "relative_strength": -2.554115, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.036501, "energy": 21.962523, "activity_lines": [ 23.555667, 23.917091, 24.307393, 24.08385 ] }, { "date": "2024-05-10", "close": 23.440001, "volume": 191666, "typical_volume": 277526.25, "trend": 23.478333, "fair_value": 21.982388, "relative_strength": -4.528626, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.37574, "energy": 34.552053, "activity_lines": [ 23.4695, 23.780591, 24.212191, 24.088419 ] }, { "date": "2024-05-17", "close": 24.135, "volume": 308659, "typical_volume": 278542.15, "trend": 23.626167, "fair_value": 21.983814, "relative_strength": -1.787523, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.88135, "energy": 12.084151, "activity_lines": [ 23.668667, 23.795773, 24.186845, 24.130785 ] }, { "date": "2024-05-24", "close": 23.877501, "volume": 208679, "typical_volume": 282657.8, "trend": 23.777667, "fair_value": 21.979696, "relative_strength": -1.802176, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.333658, "energy": 13.447788, "activity_lines": [ 23.778834, 23.776955, 24.138286, 24.147 ] }, { "date": "2024-05-31", "close": 22.540001, "volume": 291236, "typical_volume": 274661.2, "trend": 23.85325, "fair_value": 21.967148, "relative_strength": -6.878777, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.41989, "energy": 31.9625, "activity_lines": [ 23.382334, 23.527091, 23.958334, 24.067151 ] }, { "date": "2024-06-07", "close": 22.9, "volume": 316167, "typical_volume": 270369.25, "trend": 23.931667, "fair_value": 21.950737, "relative_strength": -5.134119, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.850813, "energy": 36.896541, "activity_lines": [ 23.200167, 23.378182, 23.822786, 24.005651 ] }, { "date": "2024-06-14", "close": 23.26, "volume": 177242, "typical_volume": 256962.5, "trend": 23.997417, "fair_value": 21.936058, "relative_strength": -2.542512, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.594722, "energy": 52.078867, "activity_lines": [ 23.160667, 23.327546, 23.729286, 23.962317 ] }, { "date": "2024-06-21", "close": 23.200001, "volume": 201617, "typical_volume": 253289.2, "trend": 24.048083, "fair_value": 21.920353, "relative_strength": -3.959996, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.421807, "energy": 57.922929, "activity_lines": [ 23.113167, 23.28391, 23.639572, 23.910871 ] }, { "date": "2024-06-28", "close": 24.01, "volume": 268870, "typical_volume": 254443.95, "trend": 24.105083, "fair_value": 21.911186, "relative_strength": 0.169703, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.753719, "energy": 25.153668, "activity_lines": [ 23.398, 23.403682, 23.635524, 23.908414 ] }, { "date": "2024-07-05", "close": 24.219999, "volume": 307401, "typical_volume": 258914.2, "trend": 24.1545, "fair_value": 21.901186, "relative_strength": 0.447108, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.898097, "energy": 14.624628, "activity_lines": [ 23.744, 23.542637, 23.662334, 23.915828 ] }, { "date": "2024-07-12", "close": 24.174999, "volume": 150443, "typical_volume": 235622.6, "trend": 24.151667, "fair_value": 21.894936, "relative_strength": -0.425977, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.962524, "energy": 16.741098, "activity_lines": [ 23.963, 23.668591, 23.689464, 23.917151 ] }, { "date": "2024-07-19", "close": 23.629999, "volume": 281702, "typical_volume": 239662.35, "trend": 24.132333, "fair_value": 21.880994, "relative_strength": -1.621729, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.886756, "energy": 16.919708, "activity_lines": [ 23.915333, 23.678454, 23.665345, 23.883495 ] }, { "date": "2024-07-26", "close": 23.65, "volume": 191384, "typical_volume": 230529.75, "trend": 24.107, "fair_value": 21.866763, "relative_strength": -3.168502, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.781862, "energy": 12.915781, "activity_lines": [ 23.849666, 23.6885, 23.648857, 23.852376 ] }, { "date": "2024-08-02", "close": 22.52, "volume": 259496, "typical_volume": 235754.75, "trend": 24.089833, "fair_value": 21.847981, "relative_strength": -6.553092, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.429622, "energy": 33.170081, "activity_lines": [ 23.377333, 23.501909, 23.530417, 23.749989 ] }, { "date": "2024-08-09", "close": 23.285, "volume": 320063, "typical_volume": 230789.05, "trend": 24.043833, "fair_value": 21.832724, "relative_strength": -3.389172, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.90769, "energy": 34.711396, "activity_lines": [ 23.259333, 23.479091, 23.494476, 23.698065 ] }, { "date": "2024-08-16", "close": 24.360001, "volume": 131825, "typical_volume": 230433.8, "trend": 24.038167, "fair_value": 21.827436, "relative_strength": -0.797994, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.524395, "energy": 11.942217, "activity_lines": [ 23.562, 23.638182, 23.566667, 23.718462 ] }, { "date": "2024-08-23", "close": 25.055, "volume": 117408, "typical_volume": 224520.15, "trend": 24.0315, "fair_value": 21.818045, "relative_strength": 1.684212, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.642142, "energy": 20.720723, "activity_lines": [ 24.084, 23.897091, 23.706691, 23.784065 ] }, { "date": "2024-08-30", "close": 25.0525, "volume": 134099, "typical_volume": 217548.75, "trend": 24.033583, "fair_value": 21.805112, "relative_strength": 1.031191, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.098926, "energy": 42.708339, "activity_lines": [ 24.510167, 24.122909, 23.842619, 23.849936 ] }, { "date": "2024-09-06", "close": 23.775, "volume": 267835, "typical_volume": 220275.5, "trend": 23.94975, "fair_value": 21.788862, "relative_strength": -1.858282, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.812313, "energy": 33.19422, "activity_lines": [ 24.417, 24.082773, 23.852286, 23.833253 ] }, { "date": "2024-09-13", "close": 24.879999, "volume": 131004, "typical_volume": 219501.1, "trend": 23.9395, "fair_value": 21.781587, "relative_strength": 1.391686, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.532829, "energy": 49.765622, "activity_lines": [ 24.6085, 24.247818, 23.963333, 23.893269 ] }, { "date": "2024-09-20", "close": 25.264999, "volume": 127673, "typical_volume": 219223.45, "trend": 23.97125, "fair_value": 21.776619, "relative_strength": 3.276663, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.438977, "energy": 57.974443, "activity_lines": [ 24.821999, 24.470863, 24.106643, 23.978785 ] }, { "date": "2024-09-27", "close": 25.625, "volume": 121806, "typical_volume": 215730.45, "trend": 23.997667, "fair_value": 21.779792, "relative_strength": 3.39154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.888612, "energy": 57.200234, "activity_lines": [ 25.095166, 24.739545, 24.274595, 24.085478 ] }, { "date": "2024-10-04", "close": 25.209999, "volume": 147411, "typical_volume": 207668.05, "trend": 24.01, "fair_value": 21.777452, "relative_strength": 1.999843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.623235, "energy": 59.417505, "activity_lines": [ 25.191999, 24.8965, 24.392619, 24.163693 ] }, { "date": "2024-10-11", "close": 26.559999, "volume": 114839, "typical_volume": 202976.05, "trend": 24.077167, "fair_value": 21.777708, "relative_strength": 7.421467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.084491, "energy": 73.369106, "activity_lines": [ 25.728333, 25.270545, 24.634095, 24.328209 ] }, { "date": "2024-10-18", "close": 26.549999, "volume": 208434, "typical_volume": 198835.95, "trend": 24.14575, "fair_value": 21.774343, "relative_strength": 5.687741, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.053195, "energy": 77.085164, "activity_lines": [ 26.075666, 25.569318, 24.861845, 24.487747 ] }, { "date": "2024-10-25", "close": 26.025, "volume": 148324, "typical_volume": 190443.8, "trend": 24.18975, "fair_value": 21.769087, "relative_strength": 4.635966, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.667041, "energy": 67.684084, "activity_lines": [ 26.136666, 25.713272, 25.0205, 24.608989 ] }, { "date": "2024-11-01", "close": 25.620001, "volume": 201539, "typical_volume": 191658.65, "trend": 24.235583, "fair_value": 21.759247, "relative_strength": 3.645075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.808051, "energy": 62.919613, "activity_lines": [ 26.012, 25.753318, 25.125702, 24.701263 ] }, { "date": "2024-11-08", "close": 27.235001, "volume": 244345, "typical_volume": 193795.05, "trend": 24.3405, "fair_value": 21.758157, "relative_strength": 11.197005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.707976, "energy": 69.539686, "activity_lines": [ 26.426, 26.076727, 25.373476, 24.894774 ] }, { "date": "2024-11-15", "close": 26.74, "volume": 418814, "typical_volume": 201292.25, "trend": 24.466333, "fair_value": 21.758029, "relative_strength": 8.964013, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.08355, "energy": 51.844845, "activity_lines": [ 26.54, 26.270455, 25.554893, 25.049581 ] }, { "date": "2024-11-22", "close": 27.860001, "volume": 140600, "typical_volume": 192952.2, "trend": 24.5965, "fair_value": 21.774311, "relative_strength": 10.467581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.294129, "energy": 71.080484, "activity_lines": [ 27.015334, 26.613909, 25.829976, 25.268527 ] }, { "date": "2024-11-29", "close": 28.025, "volume": 120074, "typical_volume": 191433.75, "trend": 24.756, "fair_value": 21.79891, "relative_strength": 10.491585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.232294, "energy": 82.185684, "activity_lines": [ 27.458334, 26.933182, 26.10344, 25.48972 ] }, { "date": "2024-12-06", "close": 28.924999, "volume": 258984, "typical_volume": 190297.85, "trend": 24.938833, "fair_value": 21.826763, "relative_strength": 13.411556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.012178, "energy": 90.754798, "activity_lines": [ 28.068, 27.365909, 26.444286, 25.758688 ] }, { "date": "2024-12-13", "close": 28.940001, "volume": 471246, "typical_volume": 204290.95, "trend": 25.099, "fair_value": 21.853109, "relative_strength": 13.381705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.29015, "energy": 91.110623, "activity_lines": [ 28.462334, 27.741364, 26.761345, 26.016828 ] }, { "date": "2024-12-20", "close": 28.795, "volume": 310970, "typical_volume": 206864.65, "trend": 25.262917, "fair_value": 21.875705, "relative_strength": 15.5226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.644279, "energy": 84.378691, "activity_lines": [ 28.694667, 28.022637, 27.039405, 26.25528 ] }, { "date": "2024-12-27", "close": 28.809999, "volume": 81457, "typical_volume": 194934.35, "trend": 25.471917, "fair_value": 21.897115, "relative_strength": 14.388013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.325234, "energy": 74.373776, "activity_lines": [ 28.795, 28.266, 27.289012, 26.484124 ] }, { "date": "2025-01-03", "close": 28.700001, "volume": 59769, "typical_volume": 191331.55, "trend": 25.66525, "fair_value": 21.926875, "relative_strength": 12.576968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.374311, "energy": 59.598367, "activity_lines": [ 28.795333, 28.448273, 27.501833, 26.692387 ] }, { "date": "2025-01-10", "close": 28.1, "volume": 165410, "typical_volume": 193731.65, "trend": 25.826583, "fair_value": 21.955721, "relative_strength": 9.778992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.512357, "energy": 51.054952, "activity_lines": [ 28.550667, 28.472818, 27.636845, 26.849468 ] }, { "date": "2025-01-17", "close": 28.959999, "volume": 216191, "typical_volume": 197836.25, "trend": 26.018583, "fair_value": 21.99226, "relative_strength": 9.644156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.965668, "energy": 47.877232, "activity_lines": [ 28.647666, 28.608636, 27.839262, 27.051624 ] }, { "date": "2025-01-24", "close": 30.225, "volume": 276438, "typical_volume": 198266.4, "trend": 26.22575, "fair_value": 22.04633, "relative_strength": 14.296288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.575624, "energy": 56.577397, "activity_lines": [ 29.165, 28.943091, 28.143548, 27.323005 ] }, { "date": "2025-01-31", "close": 31.049999, "volume": 674198, "typical_volume": 225426.1, "trend": 26.453416, "fair_value": 22.100689, "relative_strength": 14.881352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.099526, "energy": 60.955478, "activity_lines": [ 29.862, 29.364182, 28.49569, 27.634247 ] }, { "date": "2025-02-07", "close": 31.780001, "volume": 477534, "typical_volume": 242919.15, "trend": 26.706917, "fair_value": 22.154455, "relative_strength": 17.093385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.624724, "energy": 81.880712, "activity_lines": [ 30.653, 29.86, 28.887976, 27.977898 ] }, { "date": "2025-02-14", "close": 33.0, "volume": 313845, "typical_volume": 252521.1, "trend": 27.01925, "fair_value": 22.225096, "relative_strength": 20.761115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.54682, "energy": 93.646753, "activity_lines": [ 31.645333, 30.509364, 29.365429, 28.383903 ] }, { "date": "2025-02-21", "close": 31.459999, "volume": 539817, "typical_volume": 272141.4, "trend": 27.279583, "fair_value": 22.281987, "relative_strength": 15.757293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.178195, "energy": 84.20598, "activity_lines": [ 31.797666, 30.804636, 29.661095, 28.670403 ] }, { "date": "2025-02-28", "close": 29.379999, "volume": 304562, "typical_volume": 281627.55, "trend": 27.50825, "fair_value": 22.324071, "relative_strength": 6.192819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.643397, "energy": 53.880763, "activity_lines": [ 31.089999, 30.675909, 29.728905, 28.805914 ] }, { "date": "2025-03-07", "close": 27.940001, "volume": 417189, "typical_volume": 292065.3, "trend": 27.663417, "fair_value": 22.358926, "relative_strength": 2.513261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.503872, "energy": 23.947698, "activity_lines": [ 29.958667, 30.274727, 29.646143, 28.833769 ] }, { "date": "2025-03-14", "close": 27.92, "volume": 351311, "typical_volume": 302214.65, "trend": 27.782083, "fair_value": 22.38726, "relative_strength": 2.968176, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.666305, "energy": 20.651201, "activity_lines": [ 29.028, 29.885727, 29.554857, 28.850322 ] }, { "date": "2025-03-21", "close": 28.525, "volume": 285698, "typical_volume": 306422.6, "trend": 27.89775, "fair_value": 22.413862, "relative_strength": 4.887706, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.335952, "energy": 28.008327, "activity_lines": [ 28.556333, 29.620909, 29.512167, 28.898253 ] }, { "date": "2025-03-28", "close": 27.41, "volume": 290177, "typical_volume": 308714.2, "trend": 27.976333, "fair_value": 22.429984, "relative_strength": 0.610658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.652156, "energy": 28.106088, "activity_lines": [ 28.011333, 29.145636, 29.349452, 28.866785 ] }, { "date": "2025-04-04", "close": 24.775, "volume": 504339, "typical_volume": 312990.45, "trend": 28.009667, "fair_value": 22.434279, "relative_strength": -2.250085, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.144519, "energy": 54.263572, "activity_lines": [ 26.858, 28.219455, 28.934952, 28.660247 ] }, { "date": "2025-04-11", "close": 25.700001, "volume": 391493, "typical_volume": 325535.1, "trend": 28.037, "fair_value": 22.441987, "relative_strength": 2.421393, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.445607, "energy": 55.25582, "activity_lines": [ 26.32, 27.560546, 28.617905, 28.511237 ] }, { "date": "2025-04-18", "close": 26.059999, "volume": 115495, "typical_volume": 325306.15, "trend": 28.0635, "fair_value": 22.460577, "relative_strength": -0.199601, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.196413, "energy": 56.97032, "activity_lines": [ 26.051333, 27.064364, 28.345428, 28.383688 ] }, { "date": "2025-04-25", "close": 27.540001, "volume": 124931, "typical_volume": 318603.5, "trend": 28.127333, "fair_value": 22.492772, "relative_strength": 3.510705, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.817127, "energy": 41.584042, "activity_lines": [ 26.4, 26.941273, 28.223262, 28.349914 ] }, { "date": "2025-05-02", "close": 28.34, "volume": 225531, "typical_volume": 306317.75, "trend": 28.231667, "fair_value": 22.541202, "relative_strength": 3.978032, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.623413, "energy": 18.854966, "activity_lines": [ 27.081, 27.062909, 28.183881, 28.363634 ] }, { "date": "2025-05-09", "close": 28.879999, "volume": 280728, "typical_volume": 304805.65, "trend": 28.309, "fair_value": 22.598494, "relative_strength": 6.090633, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.021866, "energy": 8.101032, "activity_lines": [ 27.88, 27.339455, 28.198786, 28.405462 ] }, { "date": "2025-05-16", "close": 30.41, "volume": 205172, "typical_volume": 310991.4, "trend": 28.437667, "fair_value": 22.668077, "relative_strength": 9.62057, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.223554, "energy": 26.761561, "activity_lines": [ 28.915333, 27.903273, 28.359, 28.541011 ] }, { "date": "2025-05-23", "close": 30.43, "volume": 159984, "typical_volume": 316002.15, "trend": 28.5845, "fair_value": 22.728942, "relative_strength": 8.866213, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.690483, "energy": 32.846594, "activity_lines": [ 29.643333, 28.425818, 28.5135, 28.669548 ] }, { "date": "2025-05-30", "close": 30.67, "volume": 191509, "typical_volume": 317307.1, "trend": 28.752833, "fair_value": 22.794455, "relative_strength": 8.541505, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.123525, "energy": 48.205244, "activity_lines": [ 30.16, 28.946364, 28.682619, 28.804097 ] }, { "date": "2025-06-06", "close": 31.889999, "volume": 186015, "typical_volume": 315798.3, "trend": 28.908, "fair_value": 22.873237, "relative_strength": 11.469619, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.813023, "energy": 71.658373, "activity_lines": [ 30.874666, 29.649727, 28.95569, 29.006495 ] }, { "date": "2025-06-13", "close": 31.315001, "volume": 149349, "typical_volume": 309443.85, "trend": 29.0605, "fair_value": 22.956987, "relative_strength": 8.860909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.296712, "energy": 68.787437, "activity_lines": [ 31.161, 30.167091, 29.160048, 29.161785 ] }, { "date": "2025-06-20", "close": 31.27, "volume": 91524, "typical_volume": 280310.15, "trend": 29.174167, "fair_value": 23.03149, "relative_strength": 9.162045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.526886, "energy": 67.948411, "activity_lines": [ 31.27, 30.557364, 29.354929, 29.304333 ] }, { "date": "2025-06-27", "close": 32.305, "volume": 315322, "typical_volume": 272199.55, "trend": 29.316833, "fair_value": 23.117981, "relative_strength": 11.983082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.338561, "energy": 71.706393, "activity_lines": [ 31.666667, 31.034545, 29.647333, 29.506323 ] }, { "date": "2025-07-04", "close": 32.380001, "volume": 370111, "typical_volume": 275012.85, "trend": 29.432, "fair_value": 23.19726, "relative_strength": 11.46847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.315794, "energy": 71.154722, "activity_lines": [ 31.963334, 31.411818, 29.944381, 29.703946 ] }, { "date": "2025-07-11", "close": 31.209999, "volume": 220960, "typical_volume": 259070.0, "trend": 29.507667, "fair_value": 23.276715, "relative_strength": 5.673901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.709921, "energy": 65.073858, "activity_lines": [ 31.756, 31.488364, 30.132952, 29.818656 ] }, { "date": "2025-07-18", "close": 31.629999, "volume": 177991, "typical_volume": 252741.45, "trend": 29.602167, "fair_value": 23.351266, "relative_strength": 6.105469, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.493594, "energy": 58.417787, "activity_lines": [ 31.734, 31.589091, 30.362714, 29.955581 ] }, { "date": "2025-07-25", "close": 32.049999, "volume": 196190, "typical_volume": 241691.5, "trend": 29.710167, "fair_value": 23.431923, "relative_strength": 5.598921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.303033, "energy": 57.138257, "activity_lines": [ 31.830999, 31.716181, 30.621762, 30.113505 ] }, { "date": "2025-08-01", "close": 30.334999, "volume": 442505, "typical_volume": 246251.2, "trend": 29.764666, "fair_value": 23.49484, "relative_strength": 0.176438, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.669514, "energy": 28.803286, "activity_lines": [ 31.304332, 31.501636, 30.697904, 30.153817 ] }, { "date": "2025-08-08", "close": 30.09, "volume": 405469, "typical_volume": 252239.75, "trend": 29.831, "fair_value": 23.549856, "relative_strength": -1.189006, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.646778, "energy": 20.741566, "activity_lines": [ 30.827333, 31.244272, 30.739214, 30.174806 ] }, { "date": "2025-08-15", "close": 30.309999, "volume": 127917, "typical_volume": 244126.75, "trend": 29.876, "fair_value": 23.608798, "relative_strength": -1.156037, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.43436, "energy": 22.522931, "activity_lines": [ 30.576333, 31.037454, 30.794023, 30.205709 ] }, { "date": "2025-08-22", "close": 31.0, "volume": 194952, "typical_volume": 228657.4, "trend": 29.901833, "fair_value": 23.672917, "relative_strength": -1.064951, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.417464, "energy": 23.78622, "activity_lines": [ 30.615333, 30.984818, 30.900738, 30.278226 ] }, { "date": "2025-08-29", "close": 31.389999, "volume": 264258, "typical_volume": 222295.65, "trend": 29.913166, "fair_value": 23.745865, "relative_strength": 1.394912, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.880098, "energy": 17.726479, "activity_lines": [ 30.826333, 31.008818, 31.014952, 30.374236 ] }, { "date": "2025-09-05", "close": 31.370001, "volume": 252120, "typical_volume": 229126.9, "trend": 29.8995, "fair_value": 23.816154, "relative_strength": 0.812191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.059731, "energy": 23.317826, "activity_lines": [ 31.074667, 31.027, 31.100166, 30.468226 ] }, { "date": "2025-09-12", "close": 31.85, "volume": 161549, "typical_volume": 230957.8, "trend": 29.861167, "fair_value": 23.895801, "relative_strength": 1.282589, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.215939, "energy": 34.167063, "activity_lines": [ 31.414, 31.149454, 31.205809, 30.594064 ] }, { "date": "2025-09-19", "close": 32.619999, "volume": 243423, "typical_volume": 231852.4, "trend": 29.899833, "fair_value": 23.987821, "relative_strength": 4.203075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.983553, "energy": 60.05967, "activity_lines": [ 31.892666, 31.421545, 31.364262, 30.772054 ] }, { "date": "2025-09-26", "close": 32.445, "volume": 284947, "typical_volume": 232063.35, "trend": 30.002, "fair_value": 24.076635, "relative_strength": 2.642809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.932998, "energy": 65.739097, "activity_lines": [ 32.159, 31.636182, 31.485666, 30.936258 ] }, { "date": "2025-10-03", "close": 32.779999, "volume": 213060, "typical_volume": 232457.75, "trend": 30.163333, "fair_value": 24.16758, "relative_strength": 1.212415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.715899, "energy": 70.054812, "activity_lines": [ 32.440666, 31.896909, 31.622, 31.115484 ] }, { "date": "2025-10-10", "close": 32.23, "volume": 474502, "typical_volume": 248183.65, "trend": 30.307, "fair_value": 24.26234, "relative_strength": 0.074444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.09023, "energy": 62.333416, "activity_lines": [ 32.446333, 32.044363, 31.694666, 31.248817 ] }, { "date": "2025-10-17", "close": 31.32, "volume": 409888, "typical_volume": 259102.6, "trend": 30.400166, "fair_value": 24.345962, "relative_strength": -2.087837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.191898, "energy": 35.488157, "activity_lines": [ 32.091333, 31.991909, 31.672095, 31.314172 ] }, { "date": "2025-10-24", "close": 32.6623, "volume": 130226, "typical_volume": 256313.15, "trend": 30.575243, "fair_value": 24.432002, "relative_strength": -1.100699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.178711, "energy": 36.104207, "activity_lines": [ 32.2191, 32.161145, 31.774266, 31.460116 ] }, { "date": "2025-10-31", "close": 32.68, "volume": 321136, "typical_volume": 264902.5, "trend": 30.838743, "fair_value": 24.529278, "relative_strength": -1.903946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.438244, "energy": 34.364877, "activity_lines": [ 32.349947, 32.290831, 31.874446, 31.595907 ] }, { "date": "2025-11-07", "close": 31.959999, "volume": 432602, "typical_volume": 281956.4, "trend": 31.04741, "fair_value": 24.610608, "relative_strength": -3.681895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.916466, "energy": 22.928009, "activity_lines": [ 32.225126, 32.259062, 31.899554, 31.668246 ] }, { "date": "2025-11-14", "close": 32.369999, "volume": 203773, "typical_volume": 276378.95, "trend": 31.257743, "fair_value": 24.696842, "relative_strength": -2.616974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.51925, "energy": 29.729324, "activity_lines": [ 32.291639, 32.291474, 31.960424, 31.753574 ] }, { "date": "2025-11-21", "close": 30.68, "volume": 639249, "typical_volume": 289835.85, "trend": 31.36241, "fair_value": 24.770848, "relative_strength": -6.083564, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.909801, "energy": 8.038533, "activity_lines": [ 31.785486, 31.998432, 31.860032, 31.7163 ] }, { "date": "2025-11-28", "close": 31.84, "volume": 277343, "typical_volume": 292655.0, "trend": 31.479076, "fair_value": 24.850832, "relative_strength": -4.288451, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.47427, "energy": 16.055808, "activity_lines": [ 31.708666, 31.937572, 31.878212, 31.747113 ] }, { "date": "2025-12-05", "close": 32.349998, "volume": 244096, "typical_volume": 295960.25, "trend": 31.594743, "fair_value": 24.939486, "relative_strength": -2.143031, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.739874, "energy": 16.436074, "activity_lines": [ 31.856666, 31.983621, 31.941962, 31.803301 ] }, { "date": "2025-12-12", "close": 31.955, "volume": 323358, "typical_volume": 302318.65, "trend": 31.646243, "fair_value": 25.030704, "relative_strength": -3.062226, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.964353, "energy": 10.99776, "activity_lines": [ 31.894999, 31.959579, 31.964666, 31.826543 ] }, { "date": "2025-12-19", "close": 31.16, "volume": 378708, "typical_volume": 299128.8, "trend": 31.670576, "fair_value": 25.119646, "relative_strength": -7.631338, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.241106, "energy": 6.610796, "activity_lines": [ 31.668666, 31.805992, 31.912107, 31.795173 ] }, { "date": "2025-12-26", "close": 31.280001, "volume": 48576, "typical_volume": 281284.15, "trend": 31.69091, "fair_value": 25.210159, "relative_strength": -6.832359, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.837751, "energy": 11.261391, "activity_lines": [ 31.563, 31.693678, 31.867049, 31.769975 ] }, { "date": "2026-01-02", "close": 30.35, "volume": 130987, "typical_volume": 281437.65, "trend": 31.639576, "fair_value": 25.295175, "relative_strength": -10.10918, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.384468, "energy": 35.47501, "activity_lines": [ 31.107333, 31.413, 31.727752, 31.683464 ] }, { "date": "2026-01-09", "close": 30.51, "volume": 389751, "typical_volume": 291177.6, "trend": 31.612743, "fair_value": 25.37806, "relative_strength": -10.985429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.456253, "energy": 55.703349, "activity_lines": [ 30.804334, 31.203454, 31.603503, 31.610588 ] }, { "date": "2026-01-16", "close": 30.33, "volume": 368386, "typical_volume": 296384.0, "trend": 31.58141, "fair_value": 25.458653, "relative_strength": -12.247467, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.952409, "energy": 60.313085, "activity_lines": [ 30.564, 31.000636, 31.464445, 31.527831 ] }, { "date": "2026-01-23", "close": 29.969999, "volume": 525946, "typical_volume": 310075.3, "trend": 31.503576, "fair_value": 25.53181, "relative_strength": -12.203321, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.508941, "energy": 66.417401, "activity_lines": [ 30.312, 30.762, 31.296148, 31.423869 ] }, { "date": "2026-01-30", "close": 29.5, "volume": 471742, "typical_volume": 325584.95, "trend": 31.407576, "fair_value": 25.595592, "relative_strength": -13.915794, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.952772, "energy": 66.115795, "activity_lines": [ 29.982666, 30.481545, 31.089756, 31.294606 ] }, { "date": "2026-02-06", "close": 28.094999, "volume": 490410, "typical_volume": 337934.3, "trend": 31.303743, "fair_value": 25.655608, "relative_strength": -18.73256, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.292591, "energy": 77.199888, "activity_lines": [ 29.303666, 29.967091, 30.760745, 31.080891 ] }, { "date": "2026-02-13", "close": 29.77, "volume": 710597, "typical_volume": 359216.8, "trend": 31.241743, "fair_value": 25.724229, "relative_strength": -14.058254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.738805, "energy": 65.792605, "activity_lines": [ 29.333333, 29.825272, 30.612805, 30.98194 ] }, { "date": "2026-02-20", "close": 29.65, "volume": 559173, "typical_volume": 376522.45, "trend": 31.161743, "fair_value": 25.79471, "relative_strength": -15.912211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.843881, "energy": 58.997905, "activity_lines": [ 29.372333, 29.708545, 30.466175, 30.879247 ] }, { "date": "2026-02-27", "close": 27.879999, "volume": 393835, "typical_volume": 372489.1, "trend": 31.07991, "fair_value": 25.8508, "relative_strength": -22.199544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.656565, "energy": 68.063849, "activity_lines": [ 28.866666, 29.311909, 30.165879, 30.667521 ] }, { "date": "2026-03-06", "close": 30.165001, "volume": 334803, "typical_volume": 368734.85, "trend": 31.08241, "fair_value": 25.926104, "relative_strength": -10.551457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.169736, "energy": 35.599231, "activity_lines": [ 29.262, 29.390363, 30.103916, 30.608495 ] }, { "date": "2026-03-13", "close": 30.290001, "volume": 193094, "typical_volume": 371878.25, "trend": 31.081743, "fair_value": 26.00197, "relative_strength": -9.82483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.612208, "energy": 24.663272, "activity_lines": [ 29.654667, 29.511818, 30.059357, 30.557372 ] }, { "date": "2026-03-20", "close": 30.225, "volume": 184679, "typical_volume": 365055.4, "trend": 31.05591, "fair_value": 26.076713, "relative_strength": -6.7697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.049994, "energy": 19.412858, "activity_lines": [ 29.879334, 29.622546, 30.019905, 30.502098 ] }, { "date": "2026-03-27", "close": 28.99, "volume": 396262, "typical_volume": 363238.4, "trend": 30.97591, "fair_value": 26.137066, "relative_strength": -10.884839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.840634, "energy": 21.078746, "activity_lines": [ 29.662, 29.513909, 29.874524, 30.368814 ] }, { "date": "2026-04-03", "close": 30.825001, "volume": 190189, "typical_volume": 362559.2, "trend": 30.957743, "fair_value": 26.212483, "relative_strength": -9.436251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.372367, "energy": 14.308594, "activity_lines": [ 30.100334, 29.763273, 29.918048, 30.359078 ] }, { "date": "2026-04-10", "close": 28.639999, "volume": 175386, "typical_volume": 339366.05, "trend": 30.850743, "fair_value": 26.271056, "relative_strength": -16.901829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.297047, "energy": 20.604975, "activity_lines": [ 29.614, 29.599818, 29.760833, 30.209546 ] }, { "date": "2026-04-17", "close": 31.360001, "volume": 404751, "typical_volume": 345736.45, "trend": 30.808743, "fair_value": 26.349165, "relative_strength": -9.470111, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.975969, "energy": 4.211333, "activity_lines": [ 30.136, 29.946546, 29.872381, 30.242401 ] }, { "date": "2026-04-24", "close": 31.389999, "volume": 157173, "typical_volume": 341390.3, "trend": 30.773577, "fair_value": 26.434502, "relative_strength": -6.72758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.152249, "energy": 9.218057, "activity_lines": [ 30.596667, 30.239364, 29.989071, 30.279901 ] }, { "date": "2026-05-01", "close": 32.540001, "volume": 332722, "typical_volume": 341858.5, "trend": 30.765577, "fair_value": 26.52697, "relative_strength": -3.078418, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.006638, "energy": 29.508318, "activity_lines": [ 31.363, 30.711818, 30.219857, 30.393864 ] }, { "date": "2026-05-08", "close": 34.950001, "volume": 378311, "typical_volume": 341838.65, "trend": 30.856243, "fair_value": 26.632178, "relative_strength": 5.405753, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.255186, "energy": 62.146816, "activity_lines": [ 32.696, 31.569909, 30.677381, 30.663827 ] }, { "date": "2026-05-15", "close": 36.48, "volume": 253410, "typical_volume": 352080.35, "trend": 31.028243, "fair_value": 26.742451, "relative_strength": 10.376793, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.945899, "energy": 73.980022, "activity_lines": [ 34.264, 32.577637, 31.262572, 31.02665 ] }, { "date": "2026-05-22", "close": 39.279999, "volume": 278602, "typical_volume": 359461.1, "trend": 31.248833, "fair_value": 26.866473, "relative_strength": 15.592514, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 92.070396, "energy": 93.347443, "activity_lines": [ 36.242667, 33.979636, 32.089667, 31.559022 ] }, { "date": "2026-05-29", "close": 40.82, "volume": 208239, "typical_volume": 350385.5, "trend": 31.520167, "fair_value": 26.999197, "relative_strength": 20.478691, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.416049, "energy": 96.345399, "activity_lines": [ 38.206667, 35.498182, 33.020905, 32.176516 ] }, { "date": "2026-06-05", "close": 41.610001, "volume": 102387, "typical_volume": 337085.55, "trend": 31.841833, "fair_value": 27.138044, "relative_strength": 23.004077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.954841, "energy": 95.054598, "activity_lines": [ 39.805334, 36.967727, 33.978286, 32.827473 ] }, { "date": "2026-06-12", "close": 40.360001, "volume": 21185, "typical_volume": 311847.5, "trend": 32.108167, "fair_value": 27.261842, "relative_strength": 17.908937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.356537, "energy": 88.410369, "activity_lines": [ 40.382667, 37.980546, 34.762905, 33.377032 ] }, { "date": "2026-06-19", "close": 39.41, "volume": 14242, "typical_volume": 288972.5, "trend": 32.399167, "fair_value": 27.386938, "relative_strength": 16.174397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.71137, "energy": 86.129691, "activity_lines": [ 40.282667, 38.647273, 35.407572, 33.848118 ] }, { "date": "2026-06-26", "close": 41.134998, "volume": 13807, "typical_volume": 265142.35, "trend": 32.709, "fair_value": 27.517419, "relative_strength": 19.419026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.414347, "energy": 72.815469, "activity_lines": [ 40.562333, 39.431818, 36.169333, 34.41172 ] }, { "date": "2026-07-03", "close": 44.0, "volume": 16032, "typical_volume": 230414.1, "trend": 33.097333, "fair_value": 27.669806, "relative_strength": 25.359887, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.448736, "energy": 71.949807, "activity_lines": [ 41.673333, 40.559545, 37.141857, 35.140172 ] }, { "date": "2026-07-10", "close": 45.014999, "volume": 170682, "typical_volume": 210989.55, "trend": 33.532667, "fair_value": 27.825431, "relative_strength": 29.865574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.278079, "energy": 72.907383, "activity_lines": [ 42.910666, 41.642545, 38.143286, 35.909054 ] }, { "date": "2026-07-17", "close": 44.419998, "volume": 185626, "typical_volume": 200579.1, "trend": 33.974667, "fair_value": 27.976313, "relative_strength": 26.407285, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.929213, "energy": 80.696178, "activity_lines": [ 43.722665, 42.390545, 39.014881, 36.611462 ] }, { "date": "2026-07-24", "close": 42.564999, "volume": 163758, "typical_volume": 192026.85, "trend": 34.350833, "fair_value": 28.115031, "relative_strength": 19.284604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.199194, "energy": 66.151151, "activity_lines": [ 43.645665, 42.62909, 39.631047, 37.165677 ] }, { "date": "2026-07-31", "close": 42.950001, "volume": 150599, "typical_volume": 189902.1, "trend": 34.770833, "fair_value": 28.257563, "relative_strength": 18.486708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.023773, "energy": 63.642035, "activity_lines": [ 43.486666, 42.827, 40.224833, 37.720462 ] }, { "date": "2026-08-07", "close": 46.650002, "volume": 165776, "typical_volume": 188956.95, "trend": 35.308833, "fair_value": 28.42588, "relative_strength": 27.589875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.000038, "energy": 68.163155, "activity_lines": [ 44.44, 43.630909, 41.110714, 38.48686 ] } ], "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." } } }