{ "ticker": { "uuid": "e8ba51cc-1cd1-4cac-bbfd-723699fda93c", "symbol": "NREA", "name": "NBI Global Real Assets Income Fund ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 65.735, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 26.632, "architecture_energy": 18.302, "architecture_maturity": 69.0, "architecture_confidence": 66.879, "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": 36.48, "rotation_up": 28.14, "upward_expansion": 65.14, "deceleration": 85.47, "rotation_down": 29.92, "downward_expansion": 17.47 }, "activity_lines": [ 28.646044, 28.843734, 28.56937, 28.315157 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 28.01, "trend_reference": 27.858829, "distance_from_trend": 0.005426, "trend_direction": "Improving", "fair_value": 23.720927, "distance_from_fair_value": 0.180814, "fair_value_direction": "Weakening", "relative_strength": -7.666477, "relative_strength_direction": "Weakening", "price_momentum": 0.065186, "excess_performance": -0.055235, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005426, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0431, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.180814, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023541, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.076665, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01583, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.065186, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.389381, "read": "Supply-led" } ], "volume": { "latest": 18700, "relative_activity": 2.044833, "balance": 0.389381, "dry_up": 1.088026, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.022194, "annualized_volatility": 0.164623, "from_high_reference": -0.054674, "from_low_reference": 0.131506 }, "levels": { "trend_reference": 27.858829, "fair_value_reference": 23.720927, "structural_low": 26.425257, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.009424, "positive_rate": 0.605263, "directional_follow_through": 0.605263, "median_excess_return": -0.00094, "regime_survival": 0.763158, "best_return": 0.05354, "worst_return": -0.077262, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.013328, "positive_rate": 0.785714, "directional_follow_through": 0.785714, "median_excess_return": -0.010359, "regime_survival": 0.5, "best_return": 0.104826, "worst_return": -0.08814, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.050512, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.019545, "regime_survival": 0.428571, "best_return": 0.117112, "worst_return": -0.076948, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.048773, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.031837, "regime_survival": 0.25, "best_return": 0.173539, "worst_return": 0.003844, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-05", "end": "2024-01-26", "tenure": "New", "return": -0.020316, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.024563, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2025-01-03", "tenure": "Extended", "return": 0.172212, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-04-04", "tenure": "Established", "return": 0.01649, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.06263, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": -0.022979, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": -0.014397, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-10-31", "tenure": "Established", "return": 0.003596, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.016886, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-02-06", "tenure": "Developing", "return": 0.055236, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.000901, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-05-15", "tenure": "Developing", "return": -0.02168, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.001062, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.019982, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.223766, "volume": 2183, "typical_volume": 2696.75, "trend": 19.703415, "fair_value": 18.408241, "relative_strength": 0.970739, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.430776, "energy": 42.471435, "activity_lines": [ 19.448638, 19.503266, 19.570995, 19.639424 ] }, { "date": "2023-08-25", "close": 19.296328, "volume": 455, "typical_volume": 2619.45, "trend": 19.684853, "fair_value": 18.426034, "relative_strength": 1.190996, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.97751, "energy": 59.080655, "activity_lines": [ 19.369617, 19.464987, 19.531546, 19.613161 ] }, { "date": "2023-09-01", "close": 19.368443, "volume": 5547, "typical_volume": 2860.4, "trend": 19.669028, "fair_value": 18.447518, "relative_strength": -1.957575, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.134661, "energy": 55.796481, "activity_lines": [ 19.349439, 19.44556, 19.502348, 19.592747 ] }, { "date": "2023-09-08", "close": 19.255116, "volume": 1273, "typical_volume": 2914.95, "trend": 19.657426, "fair_value": 18.466315, "relative_strength": -0.310537, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.879286, "energy": 63.345991, "activity_lines": [ 19.311232, 19.403486, 19.466117, 19.566043 ] }, { "date": "2023-09-15", "close": 19.419956, "volume": 1910, "typical_volume": 2887.65, "trend": 19.639651, "fair_value": 18.487784, "relative_strength": -2.111115, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.512946, "energy": 43.243658, "activity_lines": [ 19.336133, 19.393257, 19.450462, 19.550723 ] }, { "date": "2023-09-22", "close": 18.923746, "volume": 3456, "typical_volume": 2942.2, "trend": 19.615671, "fair_value": 18.509366, "relative_strength": -0.597384, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.545127, "energy": 58.540245, "activity_lines": [ 19.206474, 19.293539, 19.392603, 19.504535 ] }, { "date": "2023-09-29", "close": 18.447548, "volume": 91, "typical_volume": 2714.8, "trend": 19.577151, "fair_value": 18.527488, "relative_strength": -1.99256, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.00339, "energy": 85.485843, "activity_lines": [ 18.938084, 19.121628, 19.295077, 19.429172 ] }, { "date": "2023-10-06", "close": 18.043814, "volume": 273, "typical_volume": 2628.4, "trend": 19.515838, "fair_value": 18.538592, "relative_strength": -2.775313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.673231, "energy": 95.688955, "activity_lines": [ 18.591702, 18.901237, 19.167102, 19.330247 ] }, { "date": "2023-10-13", "close": 18.468248, "volume": 3001, "typical_volume": 2769.35, "trend": 19.48901, "fair_value": 18.552767, "relative_strength": -1.684132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.266112, "energy": 87.809981, "activity_lines": [ 18.475106, 18.787484, 19.087984, 19.262661 ] }, { "date": "2023-10-20", "close": 18.281912, "volume": 10368, "typical_volume": 3069.45, "trend": 19.451367, "fair_value": 18.565223, "relative_strength": -1.039346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.643778, "energy": 89.38259, "activity_lines": [ 18.348856, 18.656385, 18.995696, 19.184784 ] }, { "date": "2023-10-27", "close": 18.406776, "volume": 12550, "typical_volume": 3565.1, "trend": 19.404092, "fair_value": 18.583841, "relative_strength": 1.513544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.300718, "energy": 82.881515, "activity_lines": [ 18.340097, 18.571637, 18.920184, 19.117391 ] }, { "date": "2023-11-03", "close": 19.249592, "volume": 4184, "typical_volume": 3401.45, "trend": 19.378854, "fair_value": 18.604889, "relative_strength": 0.237657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.772494, "energy": 39.257489, "activity_lines": [ 18.646741, 18.654983, 18.929761, 19.107423 ] }, { "date": "2023-11-10", "close": 19.093523, "volume": 455, "typical_volume": 3174.1, "trend": 19.343366, "fair_value": 18.618876, "relative_strength": 0.196553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.406937, "energy": 22.462725, "activity_lines": [ 18.847892, 18.710803, 18.926201, 19.089015 ] }, { "date": "2023-11-17", "close": 19.582556, "volume": 1183, "typical_volume": 3028.6, "trend": 19.320142, "fair_value": 18.635939, "relative_strength": 0.055653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.392934, "energy": 21.687004, "activity_lines": [ 19.142074, 18.860536, 18.96999, 19.104446 ] }, { "date": "2023-11-24", "close": 19.686213, "volume": 7276, "typical_volume": 3328.7, "trend": 19.293643, "fair_value": 18.65081, "relative_strength": 0.878705, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.680521, "energy": 41.819982, "activity_lines": [ 19.396521, 19.023163, 19.022583, 19.128064 ] }, { "date": "2023-12-01", "close": 19.790758, "volume": 10186, "typical_volume": 3742.5, "trend": 19.282743, "fair_value": 18.668683, "relative_strength": -0.345379, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.962035, "energy": 52.107423, "activity_lines": [ 19.592197, 19.199956, 19.084055, 19.160136 ] }, { "date": "2023-12-08", "close": 19.978949, "volume": 1364, "typical_volume": 3792.5, "trend": 19.277779, "fair_value": 18.688287, "relative_strength": 1.162133, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.743484, "energy": 67.935635, "activity_lines": [ 19.758337, 19.395203, 19.163091, 19.205052 ] }, { "date": "2023-12-15", "close": 19.958038, "volume": 10550, "typical_volume": 4133.55, "trend": 19.282549, "fair_value": 18.707524, "relative_strength": 0.127964, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.213175, "energy": 66.657671, "activity_lines": [ 19.868883, 19.558804, 19.239371, 19.24894 ] }, { "date": "2023-12-22", "close": 19.905762, "volume": 13006, "typical_volume": 4615.6, "trend": 19.298427, "fair_value": 18.72715, "relative_strength": -1.766817, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.191495, "energy": 66.576174, "activity_lines": [ 19.904369, 19.678095, 19.309275, 19.289147 ] }, { "date": "2023-12-29", "close": 20.010315, "volume": 35197, "typical_volume": 6225.4, "trend": 19.32185, "fair_value": 18.747622, "relative_strength": -1.543636, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.007416, "energy": 74.123229, "activity_lines": [ 19.95316, 19.79026, 19.386621, 19.335075 ] }, { "date": "2024-01-05", "close": 20.062578, "volume": 50748, "typical_volume": 8653.65, "trend": 19.343294, "fair_value": 18.765786, "relative_strength": -1.15907, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.347191, "energy": 70.357626, "activity_lines": [ 19.997764, 19.880502, 19.466907, 19.382864 ] }, { "date": "2024-01-12", "close": 20.104403, "volume": 26284, "typical_volume": 9945.1, "trend": 19.359706, "fair_value": 18.783807, "relative_strength": -1.158622, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.658058, "energy": 74.455777, "activity_lines": [ 20.038189, 19.948243, 19.547183, 19.431968 ] }, { "date": "2024-01-19", "close": 19.55031, "volume": 15825, "typical_volume": 10459.0, "trend": 19.369511, "fair_value": 18.799157, "relative_strength": -3.431595, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.332441, "energy": 42.831193, "activity_lines": [ 19.885553, 19.899698, 19.57084, 19.444265 ] }, { "date": "2024-01-26", "close": 19.654989, "volume": 10459, "typical_volume": 10918.3, "trend": 19.379405, "fair_value": 18.817939, "relative_strength": -3.866583, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.585486, "energy": 32.743888, "activity_lines": [ 19.794991, 19.86188, 19.6036, 19.462683 ] }, { "date": "2024-02-02", "close": 19.654989, "volume": 29104, "typical_volume": 12278.0, "trend": 19.385899, "fair_value": 18.834665, "relative_strength": -3.637835, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.657438, "energy": 26.749145, "activity_lines": [ 19.721148, 19.822745, 19.634456, 19.480463 ] }, { "date": "2024-02-09", "close": 19.17304, "volume": 11914, "typical_volume": 12700.9, "trend": 19.367829, "fair_value": 18.848184, "relative_strength": -5.590689, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.143279, "energy": 23.246573, "activity_lines": [ 19.510343, 19.69655, 19.618293, 19.46673 ] }, { "date": "2024-02-16", "close": 19.497828, "volume": 15461, "typical_volume": 13469.4, "trend": 19.357143, "fair_value": 18.864725, "relative_strength": -4.998034, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.468412, "energy": 26.104909, "activity_lines": [ 19.467104, 19.640639, 19.631875, 19.475117 ] }, { "date": "2024-02-23", "close": 19.822796, "volume": 21646, "typical_volume": 14538.05, "trend": 19.362415, "fair_value": 18.886463, "relative_strength": -4.038008, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.367113, "energy": 22.412096, "activity_lines": [ 19.572625, 19.652561, 19.671406, 19.505159 ] }, { "date": "2024-03-01", "close": 19.717806, "volume": 30286, "typical_volume": 15902.3, "trend": 19.373757, "fair_value": 18.905824, "relative_strength": -5.091668, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.893022, "energy": 15.908652, "activity_lines": [ 19.624984, 19.647853, 19.692465, 19.528087 ] }, { "date": "2024-03-08", "close": 20.137775, "volume": 10277, "typical_volume": 15897.75, "trend": 19.392262, "fair_value": 18.925145, "relative_strength": -3.74376, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.545745, "energy": 39.344719, "activity_lines": [ 19.813146, 19.72292, 19.747572, 19.577379 ] }, { "date": "2024-03-15", "close": 20.085279, "volume": 9368, "typical_volume": 15738.65, "trend": 19.42098, "fair_value": 18.943748, "relative_strength": -4.342482, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.792066, "energy": 62.455939, "activity_lines": [ 19.951622, 19.786125, 19.788841, 19.62209 ] }, { "date": "2024-03-22", "close": 20.274599, "volume": 12914, "typical_volume": 16175.15, "trend": 19.453589, "fair_value": 18.962968, "relative_strength": -3.892702, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.207732, "energy": 75.726818, "activity_lines": [ 20.09239, 19.88334, 19.840148, 19.677162 ] }, { "date": "2024-03-29", "close": 20.527109, "volume": 7912, "typical_volume": 16548.0, "trend": 19.492211, "fair_value": 18.983037, "relative_strength": -3.381827, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.229333, "energy": 84.322779, "activity_lines": [ 20.265542, 20.02337, 19.910623, 19.746421 ] }, { "date": "2024-04-05", "close": 20.274599, "volume": 15281, "typical_volume": 17252.9, "trend": 19.526194, "fair_value": 18.999474, "relative_strength": -4.835141, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.575681, "energy": 75.653362, "activity_lines": [ 20.307571, 20.09973, 19.950222, 19.796898 ] }, { "date": "2024-04-12", "close": 20.085213, "volume": 17644, "typical_volume": 17771.3, "trend": 19.548369, "fair_value": 19.015052, "relative_strength": -4.035102, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.090049, "energy": 56.45026, "activity_lines": [ 20.249351, 20.13039, 19.96849, 19.832964 ] }, { "date": "2024-04-19", "close": 20.116779, "volume": 28194, "typical_volume": 18671.7, "trend": 19.588137, "fair_value": 19.031306, "relative_strength": -3.364298, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.82835, "energy": 44.168064, "activity_lines": [ 20.205157, 20.158967, 19.987863, 19.869635 ] }, { "date": "2024-04-26", "close": 20.306557, "volume": 13187, "typical_volume": 19262.85, "trend": 19.650104, "fair_value": 19.050139, "relative_strength": -3.037943, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.043097, "energy": 38.876646, "activity_lines": [ 20.222123, 20.20489, 20.023758, 19.915985 ] }, { "date": "2024-05-03", "close": 20.559603, "volume": 15189, "typical_volume": 19494.8, "trend": 19.733963, "fair_value": 19.06941, "relative_strength": -1.64768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.965689, "energy": 45.24927, "activity_lines": [ 20.321307, 20.282118, 20.082193, 19.974662 ] }, { "date": "2024-05-10", "close": 21.160576, "volume": 16735, "typical_volume": 19681.25, "trend": 19.823707, "fair_value": 19.094013, "relative_strength": -0.338253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.01108, "energy": 79.35737, "activity_lines": [ 20.618649, 20.455217, 20.194999, 20.066702 ] }, { "date": "2024-05-17", "close": 21.297644, "volume": 8185, "typical_volume": 18330.65, "trend": 19.924232, "fair_value": 19.118488, "relative_strength": -0.339838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.463402, "energy": 93.753228, "activity_lines": [ 20.902615, 20.627005, 20.314883, 20.161795 ] }, { "date": "2024-05-24", "close": 21.086641, "volume": 23556, "typical_volume": 16971.05, "trend": 20.013561, "fair_value": 19.1409, "relative_strength": -0.626842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.40744, "energy": 88.709908, "activity_lines": [ 21.035418, 20.739341, 20.408542, 20.236789 ] }, { "date": "2024-05-31", "close": 21.139463, "volume": 17917, "typical_volume": 16552.7, "trend": 20.076556, "fair_value": 19.163236, "relative_strength": -0.116026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.547315, "energy": 88.584396, "activity_lines": [ 21.121171, 20.843074, 20.502355, 20.309428 ] }, { "date": "2024-06-07", "close": 21.192287, "volume": 17462, "typical_volume": 16634.55, "trend": 20.146515, "fair_value": 19.183898, "relative_strength": 1.353315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.834663, "energy": 87.457057, "activity_lines": [ 21.169005, 20.940686, 20.59627, 20.38141 ] }, { "date": "2024-06-14", "close": 21.044382, "volume": 22555, "typical_volume": 17239.35, "trend": 20.195243, "fair_value": 19.203847, "relative_strength": 2.376353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.257099, "energy": 63.477055, "activity_lines": [ 21.125358, 20.999313, 20.66828, 20.439337 ] }, { "date": "2024-06-21", "close": 20.864147, "volume": 16098, "typical_volume": 16589.05, "trend": 20.234507, "fair_value": 19.223537, "relative_strength": 1.944951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.12905, "energy": 52.743321, "activity_lines": [ 21.029379, 21.011173, 20.716508, 20.482492 ] }, { "date": "2024-06-28", "close": 21.001831, "volume": 819, "typical_volume": 16034.3, "trend": 20.274876, "fair_value": 19.244528, "relative_strength": 1.113197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.579839, "energy": 43.546181, "activity_lines": [ 21.008195, 21.033905, 20.772092, 20.531997 ] }, { "date": "2024-07-05", "close": 21.075972, "volume": 12823, "typical_volume": 15902.4, "trend": 20.311444, "fair_value": 19.264859, "relative_strength": 0.680183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.295921, "energy": 39.470151, "activity_lines": [ 21.017378, 21.054024, 20.826027, 20.583681 ] }, { "date": "2024-07-12", "close": 21.732609, "volume": 15006, "typical_volume": 15570.4, "trend": 20.370596, "fair_value": 19.288922, "relative_strength": 1.03298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.513789, "energy": 59.624708, "activity_lines": [ 21.249673, 21.179543, 20.934985, 20.675369 ] }, { "date": "2024-07-19", "close": 21.690245, "volume": 19917, "typical_volume": 15051.95, "trend": 20.430079, "fair_value": 19.312654, "relative_strength": 0.778488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.018926, "energy": 75.138756, "activity_lines": [ 21.431826, 21.276032, 21.030814, 20.760507 ] }, { "date": "2024-07-26", "close": 21.902428, "volume": 17188, "typical_volume": 15397.5, "trend": 20.493149, "fair_value": 19.337746, "relative_strength": 1.206044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.114798, "energy": 79.961552, "activity_lines": [ 21.641648, 21.40147, 21.137458, 20.855498 ] }, { "date": "2024-08-02", "close": 22.082916, "volume": 12459, "typical_volume": 15552.05, "trend": 20.560494, "fair_value": 19.362324, "relative_strength": 4.659496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.854925, "energy": 89.582484, "activity_lines": [ 21.842414, 21.548727, 21.252888, 20.958063 ] }, { "date": "2024-08-09", "close": 21.902428, "volume": 10368, "typical_volume": 15424.75, "trend": 20.620428, "fair_value": 19.385745, "relative_strength": 3.368391, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.89909, "energy": 81.950704, "activity_lines": [ 21.910946, 21.645054, 21.341617, 21.04464 ] }, { "date": "2024-08-16", "close": 22.242161, "volume": 11733, "typical_volume": 15615.8, "trend": 20.710156, "fair_value": 19.408718, "relative_strength": 1.598156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.693601, "energy": 80.343385, "activity_lines": [ 22.037624, 21.789279, 21.454949, 21.149268 ] }, { "date": "2024-08-23", "close": 22.348537, "volume": 10187, "typical_volume": 15361.1, "trend": 20.799941, "fair_value": 19.433506, "relative_strength": 1.095939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.245752, "energy": 84.665717, "activity_lines": [ 22.165792, 21.933757, 21.570245, 21.25497 ] }, { "date": "2024-08-30", "close": 22.518814, "volume": 17463, "typical_volume": 15352.05, "trend": 20.895402, "fair_value": 19.458849, "relative_strength": 1.55903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.770169, "energy": 79.466932, "activity_lines": [ 22.306832, 22.085481, 21.691883, 21.365865 ] }, { "date": "2024-09-06", "close": 22.65716, "volume": 11823, "typical_volume": 14533.5, "trend": 21.011539, "fair_value": 19.485258, "relative_strength": 4.641347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.901665, "energy": 78.378912, "activity_lines": [ 22.452894, 22.232275, 21.815108, 21.479526 ] }, { "date": "2024-09-13", "close": 23.06156, "volume": 7094, "typical_volume": 14228.85, "trend": 21.130331, "fair_value": 19.513842, "relative_strength": 2.874611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.940835, "energy": 86.829564, "activity_lines": [ 22.695474, 22.422499, 21.964749, 21.611786 ] }, { "date": "2024-09-20", "close": 23.285273, "volume": 12278, "typical_volume": 14083.3, "trend": 21.245746, "fair_value": 19.544038, "relative_strength": 2.533419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.893934, "energy": 88.93565, "activity_lines": [ 22.93535, 22.617297, 22.122578, 21.750814 ] }, { "date": "2024-09-27", "close": 23.306602, "volume": 14916, "typical_volume": 13992.35, "trend": 21.365373, "fair_value": 19.575633, "relative_strength": 2.184817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.976278, "energy": 86.856096, "activity_lines": [ 23.112794, 22.787742, 22.269459, 21.883773 ] }, { "date": "2024-10-04", "close": 23.285273, "volume": 4092, "typical_volume": 13787.7, "trend": 21.47029, "fair_value": 19.606912, "relative_strength": 1.167482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.099039, "energy": 84.888566, "activity_lines": [ 23.219258, 22.924922, 22.404089, 22.007637 ] }, { "date": "2024-10-11", "close": 23.551935, "volume": 12551, "typical_volume": 13237.45, "trend": 21.585845, "fair_value": 19.638877, "relative_strength": 1.008873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.568676, "energy": 88.419263, "activity_lines": [ 23.363512, 23.085442, 22.554651, 22.141937 ] }, { "date": "2024-10-18", "close": 24.085268, "volume": 10642, "typical_volume": 12873.7, "trend": 21.712867, "fair_value": 19.6736, "relative_strength": 1.805728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.2898, "energy": 91.123794, "activity_lines": [ 23.625892, 23.316223, 22.744267, 22.30319 ] }, { "date": "2024-10-25", "close": 23.839794, "volume": 31560, "typical_volume": 13578.6, "trend": 21.82329, "fair_value": 19.707651, "relative_strength": 2.262283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.604888, "energy": 84.009955, "activity_lines": [ 23.7382, 23.462684, 22.896477, 22.440411 ] }, { "date": "2024-11-01", "close": 23.465626, "volume": 17826, "typical_volume": 13342.15, "trend": 21.929657, "fair_value": 19.736417, "relative_strength": 1.529765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.575873, "energy": 66.710026, "activity_lines": [ 23.688817, 23.512066, 23.000444, 22.546368 ] }, { "date": "2024-11-08", "close": 23.722198, "volume": 16644, "typical_volume": 13369.45, "trend": 22.05089, "fair_value": 19.767189, "relative_strength": 0.576822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.766498, "energy": 66.24958, "activity_lines": [ 23.714356, 23.587788, 23.117318, 22.662016 ] }, { "date": "2024-11-15", "close": 24.096361, "volume": 35287, "typical_volume": 15092.85, "trend": 22.183543, "fair_value": 19.802284, "relative_strength": 1.629425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.034006, "energy": 69.344033, "activity_lines": [ 23.835489, 23.709659, 23.256216, 22.793982 ] }, { "date": "2024-11-22", "close": 24.705954, "volume": 8003, "typical_volume": 14851.85, "trend": 22.33019, "fair_value": 19.839843, "relative_strength": 1.950374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.857244, "energy": 73.564426, "activity_lines": [ 24.123524, 23.916198, 23.438434, 22.956718 ] }, { "date": "2024-11-29", "close": 24.738094, "volume": 6912, "typical_volume": 14447.15, "trend": 22.469473, "fair_value": 19.87869, "relative_strength": 1.278592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.464238, "energy": 81.843918, "activity_lines": [ 24.380893, 24.098683, 23.606428, 23.112067 ] }, { "date": "2024-12-06", "close": 24.88809, "volume": 26739, "typical_volume": 14788.25, "trend": 22.593723, "fair_value": 19.918138, "relative_strength": 1.747615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.043409, "energy": 89.922092, "activity_lines": [ 24.628374, 24.282024, 23.774396, 23.268107 ] }, { "date": "2024-12-13", "close": 24.255972, "volume": 1819, "typical_volume": 14019.8, "trend": 22.692334, "fair_value": 19.952212, "relative_strength": 0.826837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.756748, "energy": 72.242986, "activity_lines": [ 24.570318, 24.321681, 23.866934, 23.375349 ] }, { "date": "2024-12-20", "close": 24.030991, "volume": 14733, "typical_volume": 14133.5, "trend": 22.790479, "fair_value": 19.982678, "relative_strength": 2.582896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.501779, "energy": 61.623912, "activity_lines": [ 24.401684, 24.302783, 23.926838, 23.461714 ] }, { "date": "2024-12-27", "close": 24.320255, "volume": 2728, "typical_volume": 13751.5, "trend": 22.896505, "fair_value": 20.01462, "relative_strength": 2.939196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.129625, "energy": 51.440527, "activity_lines": [ 24.333829, 24.327769, 24.005014, 23.560409 ] }, { "date": "2025-01-03", "close": 23.544214, "volume": 2927, "typical_volume": 13311.2, "trend": 22.974903, "fair_value": 20.040728, "relative_strength": -1.40864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.2117, "energy": 24.285637, "activity_lines": [ 24.033006, 24.207384, 23.997768, 23.602196 ] }, { "date": "2025-01-10", "close": 23.286282, "volume": 1982, "typical_volume": 12900.95, "trend": 23.049633, "fair_value": 20.065183, "relative_strength": -1.249665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.1074, "energy": 21.383565, "activity_lines": [ 23.725799, 24.045476, 23.959757, 23.622285 ] }, { "date": "2025-01-17", "close": 24.297384, "volume": 7083, "typical_volume": 12381.95, "trend": 23.164074, "fair_value": 20.099007, "relative_strength": 1.734051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.008946, "energy": 24.597955, "activity_lines": [ 23.862413, 24.070665, 24.013576, 23.702785 ] }, { "date": "2025-01-24", "close": 24.295418, "volume": 12938, "typical_volume": 12437.7, "trend": 23.27386, "fair_value": 20.130791, "relative_strength": 0.078201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.060085, "energy": 23.945535, "activity_lines": [ 23.99561, 24.08504, 24.058738, 23.775775 ] }, { "date": "2025-01-31", "close": 23.94421, "volume": 15961, "typical_volume": 12881.05, "trend": 23.369468, "fair_value": 20.157681, "relative_strength": -1.629151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.061042, "energy": 12.665676, "activity_lines": [ 23.99411, 24.031939, 24.062651, 23.819024 ] }, { "date": "2025-02-07", "close": 23.830582, "volume": 7650, "typical_volume": 12649.65, "trend": 23.439401, "fair_value": 20.185133, "relative_strength": -1.796522, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.218826, "energy": 21.0797, "activity_lines": [ 23.979804, 23.972028, 24.051538, 23.848773 ] }, { "date": "2025-02-14", "close": 23.975197, "volume": 24272, "typical_volume": 13117.45, "trend": 23.515566, "fair_value": 20.215109, "relative_strength": -1.403577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.018968, "energy": 16.851169, "activity_lines": [ 23.994611, 23.954911, 24.051602, 23.88334 ] }, { "date": "2025-02-21", "close": 23.600946, "volume": 8122, "typical_volume": 13318.95, "trend": 23.572183, "fair_value": 20.242564, "relative_strength": -1.670414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.821521, "energy": 8.154705, "activity_lines": [ 23.83874, 23.886347, 24.01284, 23.888849 ] }, { "date": "2025-02-28", "close": 24.376614, "volume": 8688, "typical_volume": 13125.8, "trend": 23.64864, "fair_value": 20.281137, "relative_strength": 0.484144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.188007, "energy": 16.812117, "activity_lines": [ 23.987855, 23.970722, 24.046447, 23.940748 ] }, { "date": "2025-03-07", "close": 23.714708, "volume": 167540, "typical_volume": 20970.7, "trend": 23.709049, "fair_value": 20.311042, "relative_strength": 0.198283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.69485, "energy": 4.014654, "activity_lines": [ 23.910921, 23.928467, 24.013088, 23.94501 ] }, { "date": "2025-03-14", "close": 23.931898, "volume": 10861, "typical_volume": 19935.75, "trend": 23.765374, "fair_value": 20.343568, "relative_strength": 1.848276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.170855, "energy": 6.836575, "activity_lines": [ 23.921684, 23.936711, 24.002179, 23.959387 ] }, { "date": "2025-03-21", "close": 24.521406, "volume": 2550, "typical_volume": 19171.95, "trend": 23.837803, "fair_value": 20.37716, "relative_strength": 2.498866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.672208, "energy": 26.893803, "activity_lines": [ 24.122195, 24.04509, 24.046975, 24.008164 ] }, { "date": "2025-03-28", "close": 24.436501, "volume": 16244, "typical_volume": 19151.95, "trend": 23.901726, "fair_value": 20.40897, "relative_strength": 2.881587, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.710551, "energy": 36.764292, "activity_lines": [ 24.25799, 24.115574, 24.078657, 24.046789 ] }, { "date": "2025-04-04", "close": 23.670271, "volume": 9633, "typical_volume": 17869.25, "trend": 23.935496, "fair_value": 20.433946, "relative_strength": 6.149071, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.766595, "energy": 15.236762, "activity_lines": [ 24.082672, 24.044215, 24.033963, 24.031857 ] }, { "date": "2025-04-11", "close": 23.31822, "volume": 14072, "typical_volume": 18172.7, "trend": 23.944051, "fair_value": 20.455985, "relative_strength": 2.675559, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.484729, "energy": 17.719616, "activity_lines": [ 23.837093, 23.920212, 23.95777, 23.992033 ] }, { "date": "2025-04-18", "close": 24.022318, "volume": 8689, "typical_volume": 18261.55, "trend": 23.968619, "fair_value": 20.4839, "relative_strength": 2.98571, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.661671, "energy": 12.18837, "activity_lines": [ 23.852646, 23.93561, 23.955242, 23.997082 ] }, { "date": "2025-04-25", "close": 24.260475, "volume": 6516, "typical_volume": 17250.4, "trend": 24.000415, "fair_value": 20.513962, "relative_strength": 1.711123, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.321325, "energy": 9.756849, "activity_lines": [ 23.941557, 23.990822, 23.978804, 24.015911 ] }, { "date": "2025-05-02", "close": 24.529917, "volume": 2738, "typical_volume": 17296.35, "trend": 24.041903, "fair_value": 20.546432, "relative_strength": 1.434645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.75983, "energy": 15.673759, "activity_lines": [ 24.137677, 24.089837, 24.031016, 24.050073 ] }, { "date": "2025-05-09", "close": 24.778637, "volume": 4250, "typical_volume": 16772.2, "trend": 24.082793, "fair_value": 20.582169, "relative_strength": 1.087434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.397981, "energy": 47.124013, "activity_lines": [ 24.410476, 24.217183, 24.105611, 24.097604 ] }, { "date": "2025-05-16", "close": 25.255348, "volume": 3306, "typical_volume": 16801.1, "trend": 24.121796, "fair_value": 20.617368, "relative_strength": 0.546869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.776332, "energy": 66.373608, "activity_lines": [ 24.768287, 24.423894, 24.222047, 24.173253 ] }, { "date": "2025-05-23", "close": 24.809883, "volume": 3589, "typical_volume": 16834.2, "trend": 24.154132, "fair_value": 20.647173, "relative_strength": -0.903357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.498089, "energy": 63.282577, "activity_lines": [ 24.848468, 24.5216, 24.291604, 24.217645 ] }, { "date": "2025-05-30", "close": 25.027788, "volume": 16056, "typical_volume": 17537.9, "trend": 24.206204, "fair_value": 20.681099, "relative_strength": -1.173571, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.182291, "energy": 66.073545, "activity_lines": [ 24.94878, 24.642962, 24.375888, 24.27401 ] }, { "date": "2025-06-06", "close": 24.934401, "volume": 7083, "typical_volume": 17537.9, "trend": 24.246611, "fair_value": 20.718455, "relative_strength": -2.450688, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.547319, "energy": 59.139234, "activity_lines": [ 24.966809, 24.738138, 24.442984, 24.320991 ] }, { "date": "2025-06-13", "close": 24.695744, "volume": 9444, "typical_volume": 17363.2, "trend": 24.266591, "fair_value": 20.759856, "relative_strength": -3.580725, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.714107, "energy": 35.145893, "activity_lines": [ 24.87832, 24.780868, 24.484319, 24.349967 ] }, { "date": "2025-06-20", "close": 24.674995, "volume": 4344, "typical_volume": 16782.35, "trend": 24.265559, "fair_value": 20.801503, "relative_strength": -3.566508, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.248984, "energy": 26.994707, "activity_lines": [ 24.788441, 24.801181, 24.52177, 24.376316 ] }, { "date": "2025-06-27", "close": 25.278088, "volume": 16526, "typical_volume": 17226.15, "trend": 24.283558, "fair_value": 20.847079, "relative_strength": -1.904682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.419261, "energy": 35.369108, "activity_lines": [ 24.938283, 24.906479, 24.613179, 24.44164 ] }, { "date": "2025-07-04", "close": 24.851761, "volume": 4344, "typical_volume": 16229.75, "trend": 24.282347, "fair_value": 20.891173, "relative_strength": -4.76789, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.302739, "energy": 29.933885, "activity_lines": [ 24.914802, 24.911431, 24.657093, 24.478298 ] }, { "date": "2025-07-11", "close": 24.91415, "volume": 17188, "typical_volume": 16683.05, "trend": 24.304287, "fair_value": 20.935917, "relative_strength": -4.361621, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.113093, "energy": 32.237903, "activity_lines": [ 24.923853, 24.916975, 24.702774, 24.51906 ] }, { "date": "2025-07-18", "close": 25.319681, "volume": 6800, "typical_volume": 16588.65, "trend": 24.347243, "fair_value": 20.983261, "relative_strength": -3.783796, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.446354, "energy": 56.866926, "activity_lines": [ 25.069431, 24.989266, 24.780824, 24.584569 ] }, { "date": "2025-07-25", "close": 25.205328, "volume": 21249, "typical_volume": 9274.1, "trend": 24.376746, "fair_value": 21.02687, "relative_strength": -4.764555, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.678986, "energy": 54.868041, "activity_lines": [ 25.135295, 25.030929, 24.843493, 24.63993 ] }, { "date": "2025-08-01", "close": 25.434654, "volume": 8782, "typical_volume": 9170.15, "trend": 24.43976, "fair_value": 21.07176, "relative_strength": -2.110184, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.858556, "energy": 63.6783, "activity_lines": [ 25.242246, 25.115196, 24.920903, 24.708182 ] }, { "date": "2025-08-08", "close": 25.611864, "volume": 3495, "typical_volume": 9217.4, "trend": 24.51728, "fair_value": 21.114722, "relative_strength": -3.936505, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.504363, "energy": 72.397201, "activity_lines": [ 25.397829, 25.220325, 25.008035, 24.783801 ] }, { "date": "2025-08-15", "close": 25.747379, "volume": 13694, "typical_volume": 9089.9, "trend": 24.565613, "fair_value": 21.15749, "relative_strength": -3.855214, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.133871, "energy": 77.262647, "activity_lines": [ 25.54791, 25.339472, 25.102881, 24.863163 ] }, { "date": "2025-08-22", "close": 26.227032, "volume": 3683, "typical_volume": 8792.4, "trend": 24.63, "fair_value": 21.206209, "relative_strength": -3.476251, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.531705, "energy": 90.590747, "activity_lines": [ 25.802327, 25.531048, 25.237165, 24.970351 ] }, { "date": "2025-08-29", "close": 25.600092, "volume": 8122, "typical_volume": 8494.9, "trend": 24.685196, "fair_value": 21.255037, "relative_strength": -6.418589, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.520697, "energy": 76.558372, "activity_lines": [ 25.787274, 25.580793, 25.299566, 25.032938 ] }, { "date": "2025-09-05", "close": 25.5583, "volume": 10483, "typical_volume": 8584.6, "trend": 24.742787, "fair_value": 21.301409, "relative_strength": -7.922501, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.334446, "energy": 66.648156, "activity_lines": [ 25.731972, 25.60612, 25.347121, 25.089267 ] }, { "date": "2025-09-12", "close": 26.112095, "volume": 19266, "typical_volume": 9222.1, "trend": 24.814016, "fair_value": 21.350767, "relative_strength": -6.513214, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.398853, "energy": 59.193296, "activity_lines": [ 25.853026, 25.727042, 25.440104, 25.177609 ] }, { "date": "2025-09-19", "close": 25.620985, "volume": 3117, "typical_volume": 9241.05, "trend": 24.881351, "fair_value": 21.404467, "relative_strength": -9.555154, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.509925, "energy": 40.979914, "activity_lines": [ 25.777028, 25.735756, 25.477497, 25.229672 ] }, { "date": "2025-09-26", "close": 26.333267, "volume": 12183, "typical_volume": 9637.7, "trend": 24.946573, "fair_value": 21.466332, "relative_strength": -6.852813, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.668153, "energy": 53.31393, "activity_lines": [ 25.946883, 25.861125, 25.577531, 25.323344 ] }, { "date": "2025-10-03", "close": 26.930325, "volume": 3306, "typical_volume": 9637.7, "trend": 25.05376, "fair_value": 21.53392, "relative_strength": -6.810945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.242211, "energy": 73.28598, "activity_lines": [ 26.308676, 26.07662, 25.727024, 25.451328 ] }, { "date": "2025-10-10", "close": 26.83605, "volume": 11521, "typical_volume": 10034.3, "trend": 25.150565, "fair_value": 21.599703, "relative_strength": -5.083851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.564427, "energy": 83.118826, "activity_lines": [ 26.550361, 26.243611, 25.859563, 25.566314 ] }, { "date": "2025-10-17", "close": 27.08744, "volume": 11428, "typical_volume": 9802.9, "trend": 25.2361, "fair_value": 21.665771, "relative_strength": -4.877967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.769361, "energy": 91.893595, "activity_lines": [ 26.79066, 26.43083, 26.006396, 25.691274 ] }, { "date": "2025-10-24", "close": 25.760885, "volume": 4498, "typical_volume": 9673.65, "trend": 25.280246, "fair_value": 21.716577, "relative_strength": -10.035283, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.857436, "energy": 58.181712, "activity_lines": [ 26.52375, 26.350027, 26.017082, 25.725131 ] }, { "date": "2025-10-31", "close": 25.41074, "volume": 11496, "typical_volume": 9776.25, "trend": 25.338261, "fair_value": 21.764697, "relative_strength": -10.754767, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.607895, "energy": 24.451834, "activity_lines": [ 26.130799, 26.205317, 25.990485, 25.73355 ] }, { "date": "2025-11-07", "close": 25.520786, "volume": 25270, "typical_volume": 10822.55, "trend": 25.41168, "fair_value": 21.808911, "relative_strength": -9.129136, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.75022, "energy": 19.570862, "activity_lines": [ 25.836032, 26.095457, 25.970964, 25.745326 ] }, { "date": "2025-11-14", "close": 25.780895, "volume": 11793, "typical_volume": 10585.9, "trend": 25.470299, "fair_value": 21.853213, "relative_strength": -9.237729, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.3467, "energy": 28.282653, "activity_lines": [ 25.721937, 26.034331, 25.972188, 25.769146 ] }, { "date": "2025-11-21", "close": 25.581009, "volume": 594, "typical_volume": 10398.4, "trend": 25.514317, "fair_value": 21.893833, "relative_strength": -9.217422, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.401523, "energy": 22.474024, "activity_lines": [ 25.611557, 25.932815, 25.951981, 25.776289 ] }, { "date": "2025-11-28", "close": 26.072176, "volume": 1883, "typical_volume": 9633.15, "trend": 25.565726, "fair_value": 21.935581, "relative_strength": -10.831992, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.369746, "energy": 16.333063, "activity_lines": [ 25.765328, 25.930258, 25.975079, 25.812279 ] }, { "date": "2025-12-05", "close": 25.320385, "volume": 8918, "typical_volume": 9739.05, "trend": 25.583784, "fair_value": 21.974847, "relative_strength": -12.917998, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.519139, "energy": 12.998004, "activity_lines": [ 25.647749, 25.782809, 25.921063, 25.796451 ] }, { "date": "2025-12-12", "close": 25.089836, "volume": 33001, "typical_volume": 10326.65, "trend": 25.578267, "fair_value": 22.011687, "relative_strength": -14.010223, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.013871, "energy": 33.818336, "activity_lines": [ 25.459344, 25.611857, 25.845087, 25.764583 ] }, { "date": "2025-12-19", "close": 24.91943, "volume": 19820, "typical_volume": 10878.55, "trend": 25.581919, "fair_value": 22.048951, "relative_strength": -14.86858, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.231628, "energy": 48.063478, "activity_lines": [ 25.242867, 25.443386, 25.753432, 25.722078 ] }, { "date": "2025-12-26", "close": 25.059763, "volume": 12586, "typical_volume": 11333.1, "trend": 25.582985, "fair_value": 22.08643, "relative_strength": -14.690129, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.943039, "energy": 61.916831, "activity_lines": [ 25.130599, 25.335278, 25.677595, 25.68839 ] }, { "date": "2026-01-02", "close": 24.863928, "volume": 22623, "typical_volume": 11779.55, "trend": 25.580635, "fair_value": 22.122204, "relative_strength": -14.763569, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.13189, "energy": 67.53718, "activity_lines": [ 24.987803, 25.22843, 25.585736, 25.642 ] }, { "date": "2026-01-09", "close": 25.340935, "volume": 18700, "typical_volume": 12530.4, "trend": 25.602142, "fair_value": 22.156805, "relative_strength": -14.779244, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.978329, "energy": 53.145255, "activity_lines": [ 25.084558, 25.224619, 25.543514, 25.626535 ] }, { "date": "2026-01-16", "close": 25.847754, "volume": 13200, "typical_volume": 12784.3, "trend": 25.641234, "fair_value": 22.195039, "relative_strength": -13.860376, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.924137, "energy": 12.184444, "activity_lines": [ 25.348883, 25.314227, 25.553779, 25.642381 ] }, { "date": "2026-01-23", "close": 25.60911, "volume": 14800, "typical_volume": 13000.15, "trend": 25.652268, "fair_value": 22.231936, "relative_strength": -14.59662, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -34.862374, "energy": 21.60367, "activity_lines": [ 25.483133, 25.354499, 25.540138, 25.640308 ] }, { "date": "2026-01-30", "close": 25.808168, "volume": 28700, "typical_volume": 13471.85, "trend": 25.684148, "fair_value": 22.270173, "relative_strength": -10.393218, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -14.125895, "energy": 23.190831, "activity_lines": [ 25.637756, 25.434087, 25.545212, 25.650367 ] }, { "date": "2026-02-06", "close": 26.29587, "volume": 14100, "typical_volume": 14021.0, "trend": 25.730205, "fair_value": 22.313075, "relative_strength": -9.996063, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 34.9019, "energy": 36.970404, "activity_lines": [ 25.905053, 25.598219, 25.598181, 25.689833 ] }, { "date": "2026-02-13", "close": 27.579807, "volume": 12400, "typical_volume": 14031.85, "trend": 25.805543, "fair_value": 22.361964, "relative_strength": -7.109394, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 64.502803, "energy": 75.924119, "activity_lines": [ 26.504866, 25.991726, 25.770216, 25.809162 ] }, { "date": "2026-02-20", "close": 27.60467, "volume": 10200, "typical_volume": 14376.55, "trend": 25.885521, "fair_value": 22.412999, "relative_strength": -8.831856, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.080864, "energy": 94.423169, "activity_lines": [ 26.963709, 26.348673, 25.938683, 25.925234 ] }, { "date": "2026-02-27", "close": 28.162745, "volume": 15800, "typical_volume": 14590.5, "trend": 25.976457, "fair_value": 22.467868, "relative_strength": -8.128011, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.280254, "energy": 97.002184, "activity_lines": [ 27.491449, 26.761364, 26.157089, 26.072152 ] }, { "date": "2026-03-06", "close": 27.206045, "volume": 3800, "typical_volume": 14209.1, "trend": 26.029597, "fair_value": 22.51481, "relative_strength": -7.609085, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.274267, "energy": 88.450009, "activity_lines": [ 27.530047, 26.94114, 26.278063, 26.15148 ] }, { "date": "2026-03-13", "close": 27.514982, "volume": 5600, "typical_volume": 14264.2, "trend": 26.088517, "fair_value": 22.567642, "relative_strength": -4.73839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.607737, "energy": 86.771258, "activity_lines": [ 27.578431, 27.138064, 26.427895, 26.247312 ] }, { "date": "2026-03-20", "close": 26.687838, "volume": 27600, "typical_volume": 15069.4, "trend": 26.103877, "fair_value": 22.614287, "relative_strength": -3.718352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.482461, "energy": 55.787254, "activity_lines": [ 27.269828, 27.136396, 26.490599, 26.285977 ] }, { "date": "2026-03-27", "close": 27.650177, "volume": 5700, "typical_volume": 14090.9, "trend": 26.172213, "fair_value": 22.664449, "relative_strength": -1.994903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.375715, "energy": 49.090536, "activity_lines": [ 27.341468, 27.285211, 26.638872, 26.385739 ] }, { "date": "2026-04-03", "close": 28.368622, "volume": 4400, "typical_volume": 13721.25, "trend": 26.265891, "fair_value": 22.71805, "relative_strength": -2.586001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.870781, "energy": 57.84168, "activity_lines": [ 27.649556, 27.53188, 26.845429, 26.527443 ] }, { "date": "2026-04-10", "close": 28.428492, "volume": 7800, "typical_volume": 14081.55, "trend": 26.343104, "fair_value": 22.771065, "relative_strength": -3.777936, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.416776, "energy": 60.617987, "activity_lines": [ 27.963876, 27.739262, 27.045365, 26.666965 ] }, { "date": "2026-04-17", "close": 27.929571, "volume": 13100, "typical_volume": 14642.4, "trend": 26.420057, "fair_value": 22.820106, "relative_strength": -6.889911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.857726, "energy": 63.642362, "activity_lines": [ 28.030392, 27.808288, 27.184226, 26.769318 ] }, { "date": "2026-04-24", "close": 27.941216, "volume": 7900, "typical_volume": 14591.5, "trend": 26.473655, "fair_value": 22.867927, "relative_strength": -5.30744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.078779, "energy": 64.974536, "activity_lines": [ 28.073151, 27.849728, 27.31535, 26.867457 ] }, { "date": "2026-05-01", "close": 28.230501, "volume": 12000, "typical_volume": 13541.45, "trend": 26.516994, "fair_value": 22.919931, "relative_strength": -3.978767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.864058, "energy": 52.581594, "activity_lines": [ 28.128779, 27.937195, 27.461546, 26.980802 ] }, { "date": "2026-05-08", "close": 27.661903, "volume": 6400, "typical_volume": 12870.45, "trend": 26.544523, "fair_value": 22.968226, "relative_strength": -6.083521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.7915, "energy": 39.726032, "activity_lines": [ 27.956187, 27.909901, 27.538634, 27.054667 ] }, { "date": "2026-05-15", "close": 27.552174, "volume": 11600, "typical_volume": 12821.15, "trend": 26.560014, "fair_value": 23.017824, "relative_strength": -5.447808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.625376, "energy": 30.737781, "activity_lines": [ 27.794133, 27.871763, 27.592212, 27.119677 ] }, { "date": "2026-05-22", "close": 28.220762, "volume": 5100, "typical_volume": 11945.0, "trend": 26.64201, "fair_value": 23.074179, "relative_strength": -4.647803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.55548, "energy": 33.898966, "activity_lines": [ 27.913362, 27.948893, 27.697596, 27.226822 ] }, { "date": "2026-05-29", "close": 27.381929, "volume": 35700, "typical_volume": 12795.0, "trend": 26.707716, "fair_value": 23.125937, "relative_strength": -7.926445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.730129, "energy": 20.379002, "activity_lines": [ 27.733568, 27.860675, 27.707107, 27.274559 ] }, { "date": "2026-06-05", "close": 28.110916, "volume": 22900, "typical_volume": 13280.0, "trend": 26.794054, "fair_value": 23.181653, "relative_strength": -4.225849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.897131, "energy": 27.049921, "activity_lines": [ 27.834056, 27.892381, 27.776326, 27.365088 ] }, { "date": "2026-06-12", "close": 28.190804, "volume": 0, "typical_volume": 12540.0, "trend": 26.874384, "fair_value": 23.236645, "relative_strength": -5.128145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.704071, "energy": 35.562456, "activity_lines": [ 27.969145, 27.930234, 27.842376, 27.455201 ] }, { "date": "2026-06-19", "close": 28.581108, "volume": 400, "typical_volume": 11125.0, "trend": 26.974387, "fair_value": 23.29642, "relative_strength": -3.651797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.676211, "energy": 43.28404, "activity_lines": [ 28.199075, 28.042286, 27.933304, 27.565312 ] }, { "date": "2026-06-26", "close": 29.519617, "volume": 800, "typical_volume": 10460.0, "trend": 27.089302, "fair_value": 23.361558, "relative_strength": -0.286528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.71055, "energy": 82.050557, "activity_lines": [ 28.673246, 28.3222, 28.10041, 27.72952 ] }, { "date": "2026-07-03", "close": 29.439726, "volume": 200, "typical_volume": 9850.0, "trend": 27.226613, "fair_value": 23.425529, "relative_strength": -1.122992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.757648, "energy": 88.447125, "activity_lines": [ 29.034196, 28.558679, 28.244556, 27.881161 ] }, { "date": "2026-07-10", "close": 29.210041, "volume": 9100, "typical_volume": 9795.0, "trend": 27.363953, "fair_value": 23.486394, "relative_strength": -1.844204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.546568, "energy": 85.62601, "activity_lines": [ 29.181399, 28.726151, 28.357971, 28.009124 ] }, { "date": "2026-07-17", "close": 29.010313, "volume": 12300, "typical_volume": 9620.0, "trend": 27.500316, "fair_value": 23.545316, "relative_strength": -2.168055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.750266, "energy": 82.588129, "activity_lines": [ 29.18875, 28.839499, 28.444719, 28.11534 ] }, { "date": "2026-07-24", "close": 29.629999, "volume": 6000, "typical_volume": 9730.0, "trend": 27.652657, "fair_value": 23.609197, "relative_strength": -0.195156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.460251, "energy": 79.661224, "activity_lines": [ 29.348029, 29.041001, 28.586448, 28.252739 ] }, { "date": "2026-07-31", "close": 28.379999, "volume": 2800, "typical_volume": 9590.0, "trend": 27.76986, "fair_value": 23.666905, "relative_strength": -3.718303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.117422, "energy": 44.15408, "activity_lines": [ 29.020716, 28.977451, 28.597588, 28.299665 ] }, { "date": "2026-08-07", "close": 28.01, "volume": 18700, "typical_volume": 9145.0, "trend": 27.858829, "fair_value": 23.720927, "relative_strength": -7.666477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.631662, "energy": 18.302173, "activity_lines": [ 28.646044, 28.843734, 28.56937, 28.315157 ] } ], "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." } } }